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

[Moria843]

I just saved bitcoin. Haven't sold any for 6 months but sold one at $490 today.

Caused a turn-around, up since then.  

[molecular]

2days price rebound +9.29%

pro-tip: to get more traffic: put url tag around the images you post

[Riddikulo]

It´s a real bounce or a trap?

[rpietila]

Next monday (25th) all alt die and bitcoin will moon.

Monero took a head start +20% today... after not even decreasing too much during the whole ordeal

[rpietila]

It´s a real bounce or a trap?

Depends whether you are trading with 20:1 leverage or not. If not, it is a real bounce.

[mmitech]

You don't even understand what a dead cat bounce is, yet you keep telling everyone they're all over the place.

He's not the only one here confusing a dead cat bounce with a bull trap ;-)

Looks like a common mistake.

All silly TA terms that are only truly identifiable after the fact. I'm still very sure the past drop is only a bear trap and the price will be at a new ATH within 12 months. Only time will prove me right (or wrong  ).

12 months, wow...that is really short term, could your prediction even get shorter ?

[adamstgBit]

It´s a real bounce or a trap?

its a bounce, crazy pump and dumper is probably trading back and forth, but he best be trading it up if he wants to keep doing it.


crazy train leaving station!

[Newbie1022]

It´s a real bounce or a trap?

The unfortunate fact... and this is why this has been so hard to trade... is that it's both. Don't try to guess. Either buy at a solid price and hodl OR wait for obvious momentum. 510 is a resistance point we hit up against so figure a leg down brings us to 490 or 470... we are getting a lot further from the danger zone, though.

Also, keep in mind that leverage is still down significantly.

[wachtwoord]

You don't even understand what a dead cat bounce is, yet you keep telling everyone they're all over the place.

He's not the only one here confusing a dead cat bounce with a bull trap ;-)

Looks like a common mistake.

All silly TA terms that are only truly identifiable after the fact. I'm still very sure the past drop is only a bear trap and the price will be at a new ATH within 12 months. Only time will prove me right (or wrong  ).

12 months, wow...that is really short term, could your prediction even get shorter ?

No, 12 months is already really short but that's because it's Bitcoin. For anything else my usual prediction period is 3-5 years out. (Yes I know you're sarcastic).

[mmitech]

You don't even understand what a dead cat bounce is, yet you keep telling everyone they're all over the place.

He's not the only one here confusing a dead cat bounce with a bull trap ;-)

Looks like a common mistake.

All silly TA terms that are only truly identifiable after the fact. I'm still very sure the past drop is only a bear trap and the price will be at a new ATH within 12 months. Only time will prove me right (or wrong  ).

12 months, wow...that is really short term, could your prediction even get shorter ?

No, 12 months is already really short but that's because it's Bitcoin. For anything else my usual prediction period is 3-5 years out. (Yes I know you're sarcastic).

in 12 months I am almost sure that we will hit a new ATH, but most of traders want to know what will happen in the next couple of months.

[adamstgBit]

You don't even understand what a dead cat bounce is, yet you keep telling everyone they're all over the place.

He's not the only one here confusing a dead cat bounce with a bull trap ;-)

Looks like a common mistake.

All silly TA terms that are only truly identifiable after the fact. I'm still very sure the past drop is only a bear trap and the price will be at a new ATH within 12 months. Only time will prove me right (or wrong  ).

12 months, wow...that is really short term, could your prediction even get shorter ?

No, 12 months is already really short but that's because it's Bitcoin. For anything else my usual prediction period is 3-5 years out. (Yes I know you're sarcastic).

in 12 months I am almost sure that we will hit a new ATH, but most of traders want to know what will happen in the next couple of months.

ya for that you have come to the right place!  

it goes something like this:




no one has a clue what happens in the short term... and long term is a best guess estimate given incomplete data at best

[ibrahim11]

BOUGHT A bitcoin at £330 ($538) 

[Newbie1022]

It´s a real bounce or a trap?

I am the riverboat gambler of the bunch... so here is what I am trading... a stop at 511. I figure if we break 511 then the shorts will back out and we'll pop to 530 and probably ease for a bit at 550 resistance.

Otherwise, sidelines.

[Raystonn]

*sigh*  Now I'm sad.  Our contrarian indicator is going long at $511.  That means if we hit it again we tank.

[adamstgBit]

BOUGHT A bitcoin at £330 ($538) 

i'm thinking down to test 490 support.

given my trade record, you probably made a really good move.

[Nightowlace]

Bull traps, bear traps, Spartans, chuck Norris, man I knew this thread would be interesting right now.

[Schickeria]

You don't even understand what a dead cat bounce is, yet you keep telling everyone they're all over the place.

He's not the only one here confusing a dead cat bounce with a bull trap ;-)

Looks like a common mistake.

Can I get a short description of the difference? Thanks

A dead bounce is a not sustainable recovery after a very sharp decline.



Bull and bear traps are all over the way:

[grappa_barricata]

Monero took a head start +20% today...

Too bad that when you hear the noise you have been scammed already.

[ibrahim11]

BOUGHT A bitcoin at £330 ($538) 

i'm thinking down to test 490 support.

given my trade record, you probably made a really good move.

really?   

[adamstgBit]

Monero took a head start +20% today...

Too bad that when you hear the noise you have been scammed already.

shit i forget to sell my cannabis coin.

oh well, pretty sure i'll end up with life time supply worth if i just HODL!!