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

[empowering]

That would be nice. But that's not the way of the world or life on it. Life's not fair and not everyone gets what they deserve.

I'm sorry if you think that life hasn't been fair to you. I see the world in a different spiritual perspective, where our karma reaches beyond our present lives.

Here's your opening, BitChick.  Finally, someone, if you count Pumpkinhead as someone, wants to talk about religion.

I guess I fell asleep too early.

Here is a verse for you all: Ecclesiastes 7:16 Do not be over righteous, neither be over wise-- why destroy yourself?  That is something to ponder.  I really like that verse.  Especially because I grew up in a somewhat legalistic environment and realized early on that perfection is impossible to attain.

Basically, most religions are about karma or doing good to earn something.  Fortunately, following Christ is not about that.  It is about realizing we can never be righteous on our own and letting Him change us from the inside out.

I will stop now though.  

A wise man once said "all that pizza is cold"

(please tell me someone gets that)

It's not all that glitters is gold.

Not that I listen to Bob Marley much though. . .

Maybe you should --- more spirit in his words than in any religion on the face of this green and blue home of ours. imho

[Erdogan]

That would be nice. But that's not the way of the world or life on it. Life's not fair and not everyone gets what they deserve.

I'm sorry if you think that life hasn't been fair to you. I see the world in a different spiritual perspective, where our karma reaches beyond our present lives.

Here's your opening, BitChick.  Finally, someone, if you count Pumpkinhead as someone, wants to talk about religion.

I guess I fell asleep too early.

Here is a verse for you all: Ecclesiastes 7:16 Do not be over righteous, neither be over wise-- why destroy yourself?  That is something to ponder.  I really like that verse.  Especially because I grew up in a somewhat legalistic environment and realized early on that perfection is impossible to attain.

Basically, most religions are about karma or doing good to earn something.  Fortunately, following Christ is not about that.  It is about realizing we can never be righteous on our own and letting Him change us from the inside out.

I will stop now though.  

A wise man once said "all that pizza is cold"

(please tell me someone gets that)

It's not all that glitters is gold.

Not that I listen to Bob Marley much though. . .

Maybe you should --- more spirit in his words than in any religion on the face of this green and blue home of ours. imho

But he hailed Haile Selassie. A tyrant is ok, as long as he is a black tyrant. Yeah, right.

[BitChick]

That would be nice. But that's not the way of the world or life on it. Life's not fair and not everyone gets what they deserve.

I'm sorry if you think that life hasn't been fair to you. I see the world in a different spiritual perspective, where our karma reaches beyond our present lives.

Here's your opening, BitChick.  Finally, someone, if you count Pumpkinhead as someone, wants to talk about religion.

I guess I fell asleep too early.

Here is a verse for you all: Ecclesiastes 7:16 Do not be over righteous, neither be over wise-- why destroy yourself?  That is something to ponder.  I really like that verse.  Especially because I grew up in a somewhat legalistic environment and realized early on that perfection is impossible to attain.

Basically, most religions are about karma or doing good to earn something.  Fortunately, following Christ is not about that.  It is about realizing we can never be righteous on our own and letting Him change us from the inside out.

I will stop now though.  

A wise man once said "all that pizza is cold"

(please tell me someone gets that)

It's not all that glitters is gold.

Not that I listen to Bob Marley much though. . .

Maybe you should --- more spirit in his words than in any religion on the face of this green and blue home of ours. imho

There might be "more spirits" but are they the spirit of truth or lies?  That takes discernment.   Not everything that sounds "good" or seems "good" is.  So I agree with Bob Marley's lyrics at some level (the lyric It's not all that glitters is gold has much truth in it).  All religions and beliefs have truth woven into them, otherwise no one would follow them.  The question then is what the real truth really is.  

[empowering]

I am not talking religion- my mistake I was not preaching.

Good luck and much love to you all- not my bag thanks.

Peace.

[Wandererfromthenorth]

The hell is wrong with these people with their graphs and lines that don't predict a damn thing. It is like those guys that predict the end of the world every year... when the world doesn't end instead of just saying they don't know what the hell they're talking about, they just beat the drum a little louder and suggest it will be the next year.

Listen, if you keep posting graphs that say there is going to be a breakout and there is no breakout or every time that you draw one you say the price will go up and it goes down (or vice versa) and you tend to be right only about 50% of the time... you prediction model ain't too good there slick. Maybe, just maybe, it's all bull---- akin to Tarot cards or them dot pictures that the psychiatrist asks you to interpret into a picture (Google appears to be telling me it is called a Roscharch test... I can neither confirm nor deny independently this fact, though, at this time).

Paul Giamatti as Joe Gould in Cinderella Man (2005) -- "Unbelievable bulls---!!"

Just because you can't use these tools or you never took the time to understand what they represent doesn't mean they don't work.

They don't work. As the last 6 weeks clearly showed. They only "work" when you look back and look for a pattern that confirms what you're looking for in the first place.

I disagree- has worked very nicely for me for the past 15 years or so- I will take that.

There is no such thing as prediction...

There is such a thing as tools to aid in decision making

I do not get what is so hard to understand tbh.

oh well

I'm talking about Bitcoin land. I can't say anything about how they worked in other markets for you.
Funny gif btw.

As an indicator in BTC they work well to aid in decision making... did you notice that weeks ago BEFORE it happened I posted sp and rs levels , and note that I had been absent for almost half a year, but then I decided to post just as it stabalised and I noted that sp levels 609 was important as far as I saw it... and I would be paying attention if we went to it or past it, or bounced off it..we did, and I also posted fib levels 601 below it, 609 , 614, then 929- ans since I posted that (not a prediciton but tools I was using to see what is happening) we have bounced MAINLY literally inbewteen
614-629 - If I was one of those day traders/dumpers that you hate so much I could have had a field day past 3 weeks... really and that is the fact of it...  we have not gone lower that 601- and we have touched 629 and bounced off it in a very clear fashion...  if I was of the mind to swing trade and buy and sell at 614- 629 on leverage I could have had a field day -and I had a pretty good idea, this was going to be the case and that we were going to start to consolidate and swing between those ranges...  now if it is not good enough that I posted these levels BEFORE it happened then fine...  it is not as if I posted those levels AFTER it happened , which you seem in infer is the only way TA "works"  now, I am aware and very much expecting a break out , and soon one way or another- note I am not predicitng which way- but I do have a visualisation of how low we have probability to go , or how high- and from there if I so choose I can then dial that in with my risk assessment, and banking strategy and start to make desicions... if that was my bag- which it is not (I do not day trade,short or go margin BTC)  but if it were I would almost always come out better
by using TA to access probable, and that is a key word probable entry and exit points - only coupled with risk and banking strategy...
The alternative is to point and guess...gut feeling  which I know from testing over the years does not work too well.

That being said nothign works all of the time... at all, and some may say it does not give any edge at all- for me TA along with risk and banking strategy is tool to help make decisions and visualise the market, and make trading decisions without EMOTION especially when the market moves quickly.  

Also if you accept that many many traders use TA, and fib levels etc and many robots and algos too- then there is an edge to be had because there is a certain amount of the market that 100% DO use these tools in almost a self fulfilling prophecy- that if you are LESS greedy than te other using the same tools , there are consistent profits to be made.

Once again, this is not prediction- it is a tool, and used in the right manner- it is effective in my humble opinion.

Thanks TMcK was the man.  
 

I think when using TA with Bitcoin one must use the most basic stuff like trend lines, past support/resistance levels, volume, instead of the most sophisticated indicators which can be helpful for experts but can become not so efficient predictors and they don't create the self-phulphilling prophecy scenarios of the more basic stuff like trend lines.

[mmitech]

The hell is wrong with these people with their graphs and lines that don't predict a damn thing. It is like those guys that predict the end of the world every year... when the world doesn't end instead of just saying they don't know what the hell they're talking about, they just beat the drum a little louder and suggest it will be the next year.

Listen, if you keep posting graphs that say there is going to be a breakout and there is no breakout or every time that you draw one you say the price will go up and it goes down (or vice versa) and you tend to be right only about 50% of the time... you prediction model ain't too good there slick. Maybe, just maybe, it's all bull---- akin to Tarot cards or them dot pictures that the psychiatrist asks you to interpret into a picture (Google appears to be telling me it is called a Roscharch test... I can neither confirm nor deny independently this fact, though, at this time).

Paul Giamatti as Joe Gould in Cinderella Man (2005) -- "Unbelievable bulls---!!"

Just because you can't use these tools or you never took the time to understand what they represent doesn't mean they don't work.

They don't work. As the last 6 weeks clearly showed. They only "work" when you look back and look for a pattern that confirms what you're looking for in the first place.

they work just fine if you know how and what to use, beside, I was talking for the last couple of months about how the price is going to be somehow stable and not move that much ... I really don't get your frustration.

[BitChick]

I am not talking religion- my mistake I was not preaching.

Good luck and much love to you all- not my bag thanks.

Peace.

Thanks for indulging me in discussion for a few seconds. 

[empowering]

if you mark the last local top with a 3 you're implying the price is going down right?

We have already come down a little so I guess it depends where the minor wave ends  

RS
646/52
637   
632   

623

614
609
600
SP

We have touched the top of a slightly narrowing bollinger band and come down

Would not surprise me if we go down to 614 -  I will be paying attention if we go towards/past the 609 fib/SMA20

I am bullish from a daily, and even ore so on a weekly/monthly point of view though, not so sure on lower timeframes

Low volume.

Thankfully I am on holiday, and I cannot be arsed to log in and dig out the older charts, or the updated ones... but you get the picture that was a solid range... if you would have day traded it, with a good strategy, it would have been profitable.

Anyways who cares tbh- as I say I am not a day trader with BTC, all I am interested in at the moment in the narrowing channel we are in.....
everything points to it going sideways until it does not- how is that for some intellectual honesty.

All I really care about is 0 or 1 - so maybe I sould duck out of this TA conversation tbh...  I am sure there are people far better than I to fight its corner or not.

I am going to go and have a large alcohol and something now.

Let me know when we break out

Peace

ps I have a ton of charts, and a ton of tables I often overload them with info- I have down trends plotted on the same chart along with up trends  I like to overlap timeframes and up trends and down trends and fib levels forks and their trigger lines, from different moves etc...and  all sorts - they are a bit of a mess to look at if you are not the person that made the charts, I do not post them like that- I clean them up/seperate them out so others can hopefully make sense of them... and it all depends on which timescales you look at the charts, hence the several different charts above I have the same chart but form july 1st-4th and the one from the 8th (I did post one with the fib levels on the 8th) not the matching one I see- knocking about - will dig it out when I get back from hols and update it (with the recent bars) ... and if I remember maybe post it along with  table and notes- it has the fork from the down trend on it too.. which makes quite interesting viewing -  Anyways I hardly post charts- or fib levels - I do not really like people to see them in case they decide to trade off them (I had an incident many years ago with a twat on a gold forum- what a plonker)

pps -Anyways- since Timmy D got his stash =  Sideways - until it is not...  at this stage I do not care which direction it breaks out- (I still think up, but down before a up would not surprise me too much either, and even if I did have a strong indication I would be reticent to post it here- I prefer to be as ambiguous as possible and if I do post a chart or levels to let people draw their on conclusions tied in with their own view, ainly becaue I am bullish, and I do not want anyone crying or moaning at me one way or the other)

ppps- Eitherway I may have to go and pee in the sea from excitment or something.

pppps- I need to get a life- this is simply not what one does on holiday.

[ChartBuddy]

Explanation

[Bitcoin_is_here_to_stay]

Anybody remembers when the 3d bins are closed on Bitcoinwisdom? Currently, 3d MACD bars are red for the first time on Stamp, Finex and BTC-e and for the third time on Huobi .

[Adrian-x]

empowering gave me an idea for a new poll question:
How many bitcoins would JorgeStolfi need to have in order to become a bitcoin nutter advocate? 

Lol 1BTC, he just needs to secure a private key. Unfortunately it'll have the same effect as heroin, and he sees what happens once you secure Bitcoin you become a zealot. It alters your brain chemistry 

[ChartBuddy]

Explanation

[empowering]

The hell is wrong with these people with their graphs and lines that don't predict a damn thing. It is like those guys that predict the end of the world every year... when the world doesn't end instead of just saying they don't know what the hell they're talking about, they just beat the drum a little louder and suggest it will be the next year.

Listen, if you keep posting graphs that say there is going to be a breakout and there is no breakout or every time that you draw one you say the price will go up and it goes down (or vice versa) and you tend to be right only about 50% of the time... you prediction model ain't too good there slick. Maybe, just maybe, it's all bull---- akin to Tarot cards or them dot pictures that the psychiatrist asks you to interpret into a picture (Google appears to be telling me it is called a Roscharch test... I can neither confirm nor deny independently this fact, though, at this time).

Paul Giamatti as Joe Gould in Cinderella Man (2005) -- "Unbelievable bulls---!!"

Just because you can't use these tools or you never took the time to understand what they represent doesn't mean they don't work.

They don't work. As the last 6 weeks clearly showed. They only "work" when you look back and look for a pattern that confirms what you're looking for in the first place.

I disagree- has worked very nicely for me for the past 15 years or so- I will take that.

There is no such thing as prediction...

There is such a thing as tools to aid in decision making

I do not get what is so hard to understand tbh.

oh well

It's funny because it's true!

I have all the best gifs  

It is funny in more ways than one indeed-  it was an actual quote from the late Terence McKenna (the gentleman in the gif) - it fits so well in this situation !

The actual quote should be in here somewhere-


http://www.billyvegas.us/terence-mckenna-nobody-knows-jack-shit-about-what-is-going-on/    Bitchick this is for you too.  

I had hoped to meet Terence one day but he fucking died before I had the chance.

That DMT - just wow- now if you want to talk to me about religion (please no) I can handle it if you want to take a nice big hit on a DMT pipe
and then when you return- we can talk    

Without sounding too mental- I have seen shit man! ha ha I remember when I first tired DMT - it was 18 years ago- I was working for a very slick offshore co, and anyways I did a whole bunch of the stuff one night at a party- I was the guinea pig ha ha- anyways I went to a pyramid.... on my mothers life- crazy it was- then about a year later I wa online and I found out that hundreds- of people have been to the "same" place.... oh my oh my... I was even describing my story to a total stanger once- and basically he interrupted and told me and the room of peopl eI was with how it finished and he was 100% right- to this day one of the most astonishing experiences in my life....(more so the books written and 10s of thousands of people that have shared this journey/group hallucination whatever you want to call it)  mad stuff- this is not a recreational drug - fuck no , makes "drugs"  look like a toddlers toy- same ingredients as in ayahuasca.   DMT is a religious experience like no other I am sure- I am not suggesting you try it- but  try it ha ha ha (if you are brave, sound of mind, do not have a massive and frail ego and have large balls)

[sickpig]

wow JC and Mervyn. Can you just PM eachother? I'm not finding much benefit in this particular style of wall observation.

Amen

[spooderman]

+1 to BTC and DMT

[Newbie1022]

Yay!!! I set off a s--- storm before going to sleep. What a delightful thing to wake up to. Anyhow, them graphs and lines (technical analysis) don't work for s---. No, it isn't because I haven't learned how to use and appreciate the inner-beauty of graphs and lines. Part of me just wants to say it is simply because the s--- is useless and akin to interpretive dance on paper. But, I suppose in some markets it will tee you off trend... Here, however, with the volume fluctuations, the sensitivity (and recently changing sensitivity) of the market to outside forces and news, and other non-traditional behaviors of niche market v. established market participants... the f---ing lines are meaningless. Got it. You peeps keep posting groovy looking graphs and sometimes two people will say a graph says the price is going to $5000 and another two people will say that the graph says the price is going to zero and low and behold the price stays the exact f---ing same. It's funny, but Jesus.

[empowering]

Blah blah blah blah pointless blah blah based on nowt but nowt  

[Newbie1022]

Oh, and the bastardization of Fibonacci is another event occurring. Even the mentally ill man at the bookstore that takes paper towels and turns them into intricate flowers is but a Fibonacci adherent. I seriously feel bad for Fibonacci.

[empowering]

Oh, and the bastardization of Fibonacci is another event occurring. Even the mentally ill man at the bookstore that takes paper towels and turns them into intricate flowers is but a Fibonacci adherent. I seriously feel bad for Fibonacci.

Fascinating contribution and insight please do tell us more from the book of Newb /s   

[Newbie1022]

Blah blah blah blah pointless blah blah based on nowt but nowt  

Logical Fallacy, but nice GIF.