Bitcoin Forum
September 23, 2024, 05:35:43 PM *
News: Latest Bitcoin Core release: 27.1 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.9%)
7/28 - 11 (10.4%)
8/4 - 16 (15.1%)
8/11 - 7 (6.6%)
8/18 - 6 (5.7%)
8/25 - 7 (6.6%)
After August - 58 (54.7%)
Total Voters: 106

Pages: « 1 ... 26768 26769 26770 26771 26772 26773 26774 26775 26776 26777 26778 26779 26780 26781 26782 26783 26784 26785 26786 26787 26788 26789 26790 26791 26792 26793 26794 26795 26796 26797 26798 26799 26800 26801 26802 26803 26804 26805 26806 26807 26808 26809 26810 26811 26812 26813 26814 26815 26816 26817 [26818] 26819 26820 26821 26822 26823 26824 26825 26826 26827 26828 26829 26830 26831 26832 26833 26834 26835 26836 26837 26838 26839 26840 26841 26842 26843 26844 26845 26846 26847 26848 26849 26850 26851 26852 26853 26854 26855 26856 26857 26858 26859 26860 26861 26862 26863 26864 26865 26866 26867 26868 ... 33757 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26462978 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
LFC_Bitcoin
Legendary
*
Offline Offline

Activity: 3668
Merit: 10255


#1 VIP Crypto Casino


View Profile
July 08, 2020, 03:37:28 PM

And SOME people will simply take advantage of an alt boom to harvest more BTC from fools.

This
cAPSLOCK
Legendary
*
Offline Offline

Activity: 3766
Merit: 5146


Whimsical Pants


View Profile
July 08, 2020, 03:40:47 PM

Here is another way to say something I have been trying to say...

When you look at goofy coins like DOGE and XRP and see that they have multiple steps up preceding this move by BTC, it makes me think that the chances of the below turning into a "Bart" are lower than usual.



If i start saying "Alts are the lungs of Bitcoin" I give you all permissions to light me on fire.
dragonvslinux
Legendary
*
Offline Offline

Activity: 1708
Merit: 2213



View Profile
July 08, 2020, 03:42:09 PM
Last edit: September 10, 2023, 01:37:47 PM by dragonvslinux

With volume so far, too.

If this is not a bull trap, I think it's fairly significant.



Likewise. The VPVR POC is now around $9,450 (on Bitstamp) where price is, as opposed to approximately $9,500 where it was only yesterday, so we are still at some notable resistance. Coinbase's VPVR is now around $9,300, that changed as of yesterday too it seems, being back above this level has suddenly become significant it seems.
I'd assume a 4hr close confirms breaking the resistance trend-line, more relevantly a Daily close above $9,376 would be back above the 50 Day MA too  Cool

what is VPVR?

POC?
VPVR = Volume Profile Visible Range

"Volume Profile Visible Range. ... It displays trading activity over a specified period and plots a histogram on the chart which reveals dominant and significant price levels based on volume and in essence gives a clear indication of Supply or demand at a certain price rather than volume in a certain period"

POC = Point of Control

You can use both of them in Tradingview


Thanks for covering me, I realise I should explain acroynms better, but I was being lazy  Tongue

Red line is the point of control, the histogram bar where most volume/trading has occurred:



Re previous post, closing above $9,420 is as important imo. Expected retracement of a dead at bounce is to the 0.618 fib (before trend continues), which we are unfortunately currently struggling to close above in the next 12 minutes. Not that we'd need to close above it with the current candle, but for me the bear channel, 200 MA, 0.618 fib retracement & VPVR POC (larger time-frame) is the confluence of resistance (x4) I'm looking at on this time frame. A break of the bearish channel simply isn't enough.


LFC_Bitcoin
Legendary
*
Offline Offline

Activity: 3668
Merit: 10255


#1 VIP Crypto Casino


View Profile
July 08, 2020, 03:43:39 PM

A proper run at $10,000 now would be really bullish & most fucking welcome. It’s about time we started a slow grind up to $15,000 or something before 2021.
machasm
Hero Member
*****
Offline Offline

Activity: 788
Merit: 858



View Profile
July 08, 2020, 03:52:47 PM
Merited by JayJuanGee (1)

We could do with a bit of follow through on that last green dildo. Seems to have been a solitary candle. Hope we get a little more support and this isn't just a fakeout.
Don't get me wrong, I am hodling either way but hoping we can get this party started sooner rather than later. (I'm getting on a bit) ☺️
cAPSLOCK
Legendary
*
Offline Offline

Activity: 3766
Merit: 5146


Whimsical Pants


View Profile
July 08, 2020, 04:02:23 PM
Merited by bitebits (1)

We could do with a bit of follow through on that last green dildo. Seems to have been a solitary candle. Hope we get a little more support and this isn't just a takeout.
Don't get me wrong, I am holding either way but hoping we can get this party started sooner rather than later. (I'm getting on a bit) ☺️

I think there is a greater than usual chance for this rally to still have legs.  Both because of how the entire sector is acting, AND how the BTC chart looks.  This stands to be more than just a little bullrun it LOOKS like a breakout.

That said i have no effing idea... and it certainly COULD be a bulltrap.  If so I'd expect us to drop hard.

One scenario for this is if we see NASDAQ, S&P etc confirm a dead cat, which they are primed to do.  If THAT happens then we either fall with them, or we confirm a decoupling.  unfortunately history favors the former.

But with the Fed using up all the zeros we might just see the markets keep brrrring up.

That is a win/win scenario for bitcoin I think.
jojo69
Legendary
*
Offline Offline

Activity: 3290
Merit: 4534


diamond-handed zealot


View Profile
July 08, 2020, 04:03:17 PM
Merited by El duderino_ (3), JayJuanGee (1)

JayJuanGee
Legendary
*
Online Online

Activity: 3850
Merit: 10872


Self-Custody is a right. Say no to"Non-custodial"


View Profile
July 08, 2020, 04:04:43 PM

"alt-season" really is not a bad thing for Bitcoin.  

I pretty much agree with everything you said in that above-linked post, cAPSLOCK, but why you need to throw in this above stupid-ass line that is making a positive value judgement upon shitcoins rather than either staying descriptive or bashing upon shitcoins which would be a seemingly more proper etiquette in regards to addressing what is likely to be a nearly inevitable shitcoin pumpening phenomenon - largely based on the reasons that you had already outlined in that post?  

There seem to be ways to make those same kinds of statements regarding shitcoins in a descriptive way rather than seeming to wanna suck the shitcoin dick way (if there is any such meaningful dick there.. you may need a magnifying glass for your dick suckening efforts.. or perhaps (not speaking from experience) just pucker your lips really tightly?).. #nohomo   Cheesy Cheesy Cheesy Cheesy Cheesy

I guess my basic thought there is Honey Badger does not care.  He can go into the house of bees and won't even notice if he's stung.

Sure.  Goes without saying that honey badger does not care, but do we really need any positive talk of shitcoins in this thread?

You know any kind of positive talk whatsoever devolves into shitcoin pumpening or comparing and contrast of which shit coin is less shitty...

ain't nobody got time for that....



even in this thread in which it seems that we have lots of time, anything positive about shitcoin devolves into unnecessary clutter and ambiguity..

Some people actually believe some alts have value. 

Of course.  But why talk about it here, even if it is possible?

A small percentage of those actually have a good argument. 

Again?  Relevance here? Does it really help to keep this thread from devolving into shit to be playing around with those kinds of possible nuances?

Most of the others are "blockchain: the tech behind bitcoin" DeFi type lemmings *cough* Laura Shin *cough*.

It's not like I don't know what you are saying. There are considerable likelihoods of getting inadvertently sucked into those kinds of topics with a lot of frequency when listening to various podcasts or attempting to absorb various media content, but that does not seem to be an argument that we should not at least attempt to have some kicking and screaming when members try to pull that seemingly unnecessary shit here.  We already have enough of that with trolls and newbies who are confused, so why should more senior members be perpetuating that same kind of ambiguity and muddiness in these here parts?

And SOME people will simply take advantage of an alt boom to harvest more BTC from fools.

Nothing wrong with that... just don't need to talk about it here.  It is not like it is a BIG FUCKING secret that there are ways to make money off of shit, but where the fuck do you think that is going to lead us, if we start to believe that every little time some guy pulls in profits here or there on some shitcoin starts to brag up that bullshit in this thread?  And so fucking what that he was able to buy more BTC with that trading?

If s/he feels like rejoicing about how much money that s/he made on x, y or z shitcoin (beyond just incidentally mentioning it), then why not rejoice in the ANN section.. there are plenty of those shitty threads rejoicing about various shitcoins m,n &o on a regular basis, and they may also be rejoicing about x,y &z too if you bring it up... and make some shitcoin buddies.. why should we give any shits here?  You may even be able to rub elbows with Roger, craig, calvin, peter, gavin and a few other notables that do not spend too much time in this here thread (thank god).

it is what it is.. I do not make much value judgments here. 

And, that is why you decided to make positive statements about shitcoins because you want to be lazy and you really want to talk about shitcoins here.. damned everyone else who are trying to keep that sheeeeeet out.. you are wanting to make an exception for ur special lil snowflake selfie.

I do not know the future, but have placed my bets according to my own thoughts and values.

Of course, there is no problem making various allocations in your portfolio that are not about bitcoin.  There are not too many nutjobs who go completely bitcoin, and again sometimes we even talk about our various ways about allocating, which might even involve some shitcoins (without either devolving into shitcoin pumpening or spending too much time on such likely-to-devolve topic of shitcoins).  Furthermore, it might be understandable that a younger investor might either take more risks and include shitcoins in his/her investments, but still seems to be quite problematic to get into some of those details in this particular thread.. same thing with talking about various PMs such as gold.. sure there can be some relevance, in this thread to talking about gold in small doses, but it just has a tendency to devolve, so better to just say fuck gold.. so that those topics do not go too far afield here..  and in the end, no one is likely to stop a high ranking member like you from bringing up shittopics, and you likely will get a lot of leeway too, but is there any real value in just unnecessarily stirring shit about any of these kinds of topics rather than just mentioning them in passing or taking them to another thread if you want to get all hot and bothered by a topic that is problematic in a thread like this?
JayJuanGee
Legendary
*
Online Online

Activity: 3850
Merit: 10872


Self-Custody is a right. Say no to"Non-custodial"


View Profile
July 08, 2020, 04:11:39 PM

Here is another way to say something I have been trying to say...

When you look at goofy coins like DOGE and XRP and see that they have multiple steps up preceding this move by BTC, it makes me think that the chances of the below turning into a "Bart" are lower than usual.



That is surely a fair assessment.

If i start saying "Alts are the lungs of Bitcoin" I give you all permissions to light me on fire.

That is surely hyperjacked-wannabe eyeroller.



 Tongue Tongue
gentlemand
Legendary
*
Offline Offline

Activity: 2590
Merit: 3014


Welt Am Draht


View Profile
July 08, 2020, 04:22:04 PM
Merited by El duderino_ (10), cAPSLOCK (1), LFC_Bitcoin (1), infofront (1), Toxic2040 (1)

This is my 20,000th post. If I do another 20,000 I think I'll be rather disappointed in myself somehow.

I was going to threaten suicide or demand money to stay, or leave, but I'll save that for the 21,000th.

Go, me.

BitcoinGirl.Club
Legendary
*
Offline Offline

Activity: 2912
Merit: 2773


Bitcoingirl 2 is downloading 💓


View Profile WWW
July 08, 2020, 04:28:33 PM

Good afternoon WO!
Fasten your seatbelt, bitcoin is going for a crazy ride, I guess.

Observing @ $9,376
JL0
Full Member
***
Offline Offline

Activity: 817
Merit: 158


Bitcoin the Digital Gold


View Profile
July 08, 2020, 04:31:10 PM

Good afternoon WO!
Fasten your seatbelt, bitcoin is going for a crazy ride, I guess.

Observing @ $9,376
Which direction do you think?
cAPSLOCK
Legendary
*
Offline Offline

Activity: 3766
Merit: 5146


Whimsical Pants


View Profile
July 08, 2020, 04:41:45 PM
Merited by bitebits (10), strawbs (1)

So much text complaining about my "positive" talk about alts.

I just think alts have too big of a connection to/impact on BITCOIN price to ignore.

If you consider my positions to be too close to positive then just mute me.

I really think every alt (but one) to be ultimately trash.  (And even the one might end up in that camp depending on developments.)

As i said... I think the development of alt prices/moves etc are a very interesting bellwether for BTC and too big to ignore.  I will talk about them.  And I am not going to take the time to write giant negative disclaimers.

There are probably dozens of people in here who think ETH is a good investment.  I think ultimately that is a mistake.  But that has no bearing on the fact that BTC (the whale) has ETC (the barnacle) coming along for the ride.

If for no other reason that Tether we are currently joined at the hip for better or worse... In the end BTC is king daddy.  I am not gonna go to the trouble to make multiple disclaimers the rest of the time... that is due diligence that belongs to the reader.

JayJuanGee
Legendary
*
Online Online

Activity: 3850
Merit: 10872


Self-Custody is a right. Say no to"Non-custodial"


View Profile
July 08, 2020, 05:07:02 PM

So much text complaining about my "positive" talk about alts.

I just think alts have too big of a connection to/impact on BITCOIN price to ignore.

Has anyone said to ignore shitcoins?


If you consider my positions to be too close to positive then just mute me.

No. You are fine.. You seem to just be persisting with nonsense for the mere sake of it, at the moment.

I really think every alt (but one) to be ultimately trash.  

Yes, and this is where we have the potential to get into irrelevant discussion about which shitcoin happens to be less shitty.  That sounds like a great idea....


(And even the one might end up in that camp depending on developments.)

Maybe.. maybe not... but who cares in terms of this particular thread... sure, you might throw it in incidentally in one of your posts, and no one is going to notice or give any fucks that you mentioned it.

As i said... I think the development of alt prices/moves etc are a very interesting bellwether for BTC and too big to ignore.  

No one argued with you about that, either.. at least so far.

I will talk about them.  And I am not going to take the time to write giant negative disclaimers.

good for you.

There are probably dozens of people in here who think ETH is a good investment.  

And, they can all fuck themselves.. especially moreso if they post about it... .   Cheesy Cheesy Cheesy Cheesy Cheesy


I think ultimately that is a mistake.  But that has no bearing on the fact that BTC (the whale) has ETC (the barnacle) coming along for the ride.

Whatever.   Roll Eyes

If for no other reason that Tether we are currently joined at the hip for better or worse...

Tether is not exactly an altcoin.. but it does seem to be a liquidity vehicle and also a temporary means to either hold dollar value or to move dollar value without actually getting actual dollars.

In the end BTC is king daddy.  I am not gonna go to the trouble to make multiple disclaimers the rest of the time... that is due diligence that belongs to the reader.

Surely, word choice is a discretionary matter, but does not mean that some push back might not take place.  
cAPSLOCK
Legendary
*
Offline Offline

Activity: 3766
Merit: 5146


Whimsical Pants


View Profile
July 08, 2020, 05:37:33 PM



Tether is not exactly an altcoin.. but it does seem to be a liquidity vehicle and also a temporary means to either hold dollar value or to move dollar value without actually getting actual dollars.

 

Tether is (in most part, at this point) ETH based.
Toxic2040
Legendary
*
Offline Offline

Activity: 1792
Merit: 4141



View Profile
July 08, 2020, 06:03:47 PM

the noon wall report at 11am

Capturing the 0.618 short fib on rising volume bitcoin is starting to show a stronger bullish bias trading above $9.4k.
4h


Breaking out above the kijun-sen resistance and looking towards top of cloud it appears as if we have left that descending channel behind and are now searching for clearer sky.  #dyor
D

#stronghands
btcbeliever
Member
**
Offline Offline

Activity: 232
Merit: 29


View Profile
July 08, 2020, 06:10:34 PM

We could do with a bit of follow through on that last green dildo. Seems to have been a solitary candle. Hope we get a little more support and this isn't just a fakeout.
Don't get me wrong, I am hodling either way but hoping we can get this party started sooner rather than later. (I'm getting on a bit) ☺️

Me too!   I'm in my early 60's, probably got no time to wait 10-20, or even 5 years
LFC_Bitcoin
Legendary
*
Offline Offline

Activity: 3668
Merit: 10255


#1 VIP Crypto Casino


View Profile
July 08, 2020, 06:16:11 PM

We could do with a bit of follow through on that last green dildo. Seems to have been a solitary candle. Hope we get a little more support and this isn't just a fakeout.
Don't get me wrong, I am hodling either way but hoping we can get this party started sooner rather than later. (I'm getting on a bit) ☺️

Me too!   I'm in my early 60's, probably got no time to wait 10-20, or even 5 years

You’ll only have to wait 12-18 months for the next massive move.
machasm
Hero Member
*****
Offline Offline

Activity: 788
Merit: 858



View Profile
July 08, 2020, 06:24:48 PM

We could do with a bit of follow through on that last green dildo. Seems to have been a solitary candle. Hope we get a little more support and this isn't just a fakeout.
Don't get me wrong, I am hodling either way but hoping we can get this party started sooner rather than later. (I'm getting on a bit) ☺️

Me too!   I'm in my early 60's, probably got no time to wait 10-20, or even 5 years

You’ll only have to wait 12-18 months for the next massive move.

I am pretty sure the move is imminent as you say LFC.
Retirement, here I come.
Toxic2040
Legendary
*
Offline Offline

Activity: 1792
Merit: 4141



View Profile
July 08, 2020, 06:43:01 PM

weekly addendum

Only half way thru but so far looking good for bitcoin. Finishing with positive volumes this week will cement the strong bullish move over the cloud top imho.

#dyor
W

#stronghands
Pages: « 1 ... 26768 26769 26770 26771 26772 26773 26774 26775 26776 26777 26778 26779 26780 26781 26782 26783 26784 26785 26786 26787 26788 26789 26790 26791 26792 26793 26794 26795 26796 26797 26798 26799 26800 26801 26802 26803 26804 26805 26806 26807 26808 26809 26810 26811 26812 26813 26814 26815 26816 26817 [26818] 26819 26820 26821 26822 26823 26824 26825 26826 26827 26828 26829 26830 26831 26832 26833 26834 26835 26836 26837 26838 26839 26840 26841 26842 26843 26844 26845 26846 26847 26848 26849 26850 26851 26852 26853 26854 26855 26856 26857 26858 26859 26860 26861 26862 26863 26864 26865 26866 26867 26868 ... 33757 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!