Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[chessnut]

BUY OR NOT BUY?  

use this to help your decision.

thanks for the chart. have you noticed that the prior 3D candlestick high has been broken through like a knife through butter.

That is a higher high, watch out for the higher low, because technically this is no longer a down trend!

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[TERA]

What's with the muppets on wisdom?

[lebing]

annnd. there is that panic buying i was talking about.

[windjc]

BUY OR NOT BUY?  

use this to help your decision.

thanks for the chart. have you noticed that the prior 3D candlestick high has been broken through like a knife through butter.

That is a higher high, watch out for the higher low, because technically this is no longer a down trend!

So you are saying we are no longer in a bear market? Can I quote you on this?

[chessnut]

So you are saying we are no longer in a bear market? Can I quote you on this?

yes, no longer in a bear market. I am not therefore saying we are in a bull market, because we need a higher low before we can say that. but according to that chart, we have a higher high, and that does not happen in a bear market.

[windjc]

So you are saying we are no longer in a bear market? Can I quote you on this?

yes, no longer in a bear market. I am not therefore saying we are in a bull market, because we need a higher low before we can say that. but according to that chart, we have a higher high, and that does not happen in a bear market.

So I guess all those higher lows we have had since 1163 were just mirages? Like the one that took us 710. That didn't happen, right?

[windjc]

People who sold at the bottom, when will you learn. Bears who sold at $450ish when will you buy back ?

So we've hit a bottom and now we are in a bull market again? $435 was the low that we will never see again?

438 actually.

Depends which market you look at.

[TERA]

damn that was crazy. half of my standing short orders got hit. i was down at one point and thought the bulls had gotten one by me but now im up 4%.

[schizoid]

Houbi didn't make a higher high and is pooping on the party.

[bangersdad]

thanks for the chart. have you noticed that the prior 3D candlestick high has been broken through like a knife through butter.

That is a higher high, watch out for the higher low, because technically this is no longer a down trend!

if thats what you need to keep telling yourself then i think you are in denial.

[chessnut]

thanks for the chart. have you noticed that the prior 3D candlestick high has been broken through like a knife through butter.

That is a higher high, watch out for the higher low, because technically this is no longer a down trend!

if thats what you need to keep telling yourself then i think you are in denial.

go ahead, short the market!

[bangersdad]

[chessnut]

So you are saying we are no longer in a bear market? Can I quote you on this?

yes, no longer in a bear market. I am not therefore saying we are in a bull market, because we need a higher low before we can say that. but according to that chart, we have a higher high, and that does not happen in a bear market.

So I guess all those higher lows we have had since 1163 were just mirages? Like the one that took us 710. That didn't happen, right?

If you want to argue like that, then 1200 never happened either, did it?

your chart says sideway for the next 3 days at least, and that a higher low means bull market.

sorry if you are short. there is nobody left to bail you out, not even fearful noobs.

[billyjoeallen]

damn that was crazy. half of my standing short orders got hit. i was down at one point and thought the bulls had gotten one by me but now im up 4%.

I'm curious as to where you are going to close those shorts on the way down. This is what some people don't understand. Bears actually help to prevent crashes when they take their profits and close short positions. It's bulls with leverage getting margin calls that really make it tank.

[windjc]

So you are saying we are no longer in a bear market? Can I quote you on this?

yes, no longer in a bear market. I am not therefore saying we are in a bull market, because we need a higher low before we can say that. but according to that chart, we have a higher high, and that does not happen in a bear market.

So I guess all those higher lows we have had since 1163 were just mirages? Like the one that took us 710. That didn't happen, right?

If you want to argue like that, then 1200 never happened either, did it?

your chart says sideway for the next 3 days at least, and that a higher low means bull market.

sorry if you are short. there is nobody left to bail you out, not even fearful noobs.

My chart?

[magicmexican]

BUY OR NOT BUY?  

use this to help your decision.

thanks for the chart. have you noticed that the prior 3D candlestick high has been broken through like a knife through butter.

That is a higher high, watch out for the higher low, because technically this is no longer a down trend!

So you are saying we are no longer in a bear market? Can I quote you on this?

Kinda funny that he posted that chart implying its obviously wrong to buy, but to me it actually looks like a pretty good entry point

[600watt]

i will never learn it.

when it was in 600 territory i considered selling* but didn´t, since i believed it will go up. when it came down to 435 i started to panic. i did not sell, but promised myself: next time it is 600 territory i will sell FOR SURE, because this 400 territory is a pain when you have no fiat to buy.

but when there is the smallest move upwards (like curently) all my desire to sell is gone. i just cannot do it. having sold and then see the price go up seems to be an even harder pain then panicing about total loss.



*when i talk about selling i mean 10 - 20 % of my stash

[chessnut]

im in a good position, thats what Im in.

[arepo]

So you are saying we are no longer in a bear market? Can I quote you on this?

yes, no longer in a bear market. I am not therefore saying we are in a bull market, because we need a higher low before we can say that. but according to that chart, we have a higher high, and that does not happen in a bear market.

do timescales mean nothing to you? we made a higher high on the 1-day scale. not saying that this bullish price action is not significant, but since we've been making lower highs for the past 4 months, i'm pretty sure your statement is premature.

[magicmexican]

i will never learn it.

when it was in 600 territory i considered selling* but didn´t, since i believed it will go up. when it came down to 435 i started to panic. i did not sell, but promised myself: next time it is 600 territory i will sell FOR SURE, because this 400 territory is a pain when you have no fiat to buy.

but when there is the smallest move upwards (like curently) all my desire to sell is gone. i just cannot do it. having sold and then see the price go up seems to be an even harder pain then panicing about total loss.



*when i talk about selling i mean 10 - 20 % of my stash

Selling on the possible recovery is asking to get trapped, sell either when its really high and is for sure going to be a correction, or when there are fresh negative news and market is tanking way above previous bottoms