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

[Phillis]

a little pushback on the slow slide. Lets see if it can go back to 520.

[coins101]

is crypto done?  

its just getting going....investment in crypto is just starting to filter through.

[grappa_barricata]

[anujjain]

is crypto done?  

its just getting going....investment in crypto is just starting to filter through.

Last some weeks not good for crypto investment, mostly crypto coins dropped so much.
Even some solid coin who are very stable last some months.

[Dump3r]

Next party hard will be the 380 bounce to 450. I will post trains and rockets with you all, we will cheer and drink Tequila!

So we can go down in exultation. Party time for each 50$ bounce after 100$ drop!

[spooderman]

Next party hard will be the 380 bounce to 450. I will post trains and rockets with you all, we will cheer and drink Tequila!

So we can go down in exultation. Party time for each 50$ bounce after 100$ drop!

Yes it has happened before, therefore it will happen again. Say hello to fractalcoin.

[grappa_barricata]

[oda.krell]

Breaking 500$? What does Jesse Livermore have to say about this?

"But it is not wise to get out when the break
 is the result of a raid by an operator, because the moment he
 stops the price must rebound. Inverted tips."

Except we been sitting around 504 because of one guy dumping huge earlier and broke 500 support.  The btc market doesn't listen to logic, sadly.  A small minority think Jesse is right; the majority of traders just look at the TA.

Yeah, if TA worked i will be rich by now

I stopped using it when i realized that:
- future prices are unrelated to past prices
- indicators are only good a posteriori
- a single trade can break a 'trend'
- black swan events happens

Huh. Does that mean since I am using TA and I did get rich(er) as a result, I'm allowed to conclude TA works?

[exocytosis]

Breaking 500$? What does Jesse Livermore have to say about this?

"But it is not wise to get out when the break
 is the result of a raid by an operator, because the moment he
 stops the price must rebound. Inverted tips."

Except we been sitting around 504 because of one guy dumping huge earlier and broke 500 support.  The btc market doesn't listen to logic, sadly.  A small minority think Jesse is right; the majority of traders just look at the TA.

Yeah, if TA worked i will be rich by now

I stopped using it when i realized that:
- future prices are unrelated to past prices
- indicators are only good a posteriori
- a single trade can break a 'trend'
- black swan events happens

Huh. Does that mean since I am using TA and I did get rich(er) as a result, I'm allowed to conclude TA works?

You didn't get richer because you used TA. You got richer despite using it. Correlation doesn't equal causation.

[oda.krell]

Breaking 500$? What does Jesse Livermore have to say about this?

"But it is not wise to get out when the break
 is the result of a raid by an operator, because the moment he
 stops the price must rebound. Inverted tips."

Except we been sitting around 504 because of one guy dumping huge earlier and broke 500 support.  The btc market doesn't listen to logic, sadly.  A small minority think Jesse is right; the majority of traders just look at the TA.

Yeah, if TA worked i will be rich by now

I stopped using it when i realized that:
- future prices are unrelated to past prices
- indicators are only good a posteriori
- a single trade can break a 'trend'
- black swan events happens

Huh. Does that mean since I am using TA and I did get rich(er) as a result, I'm allowed to conclude TA works?

You didn't get richer because you used TA. You got richer despite using it. Correlation doesn't equal causation.

Oh, that's fine with me. You did however note that the post I quoted claims TA doesn't work because it didn't make him rich. Which, as per your own argument, makes it an invalid conclusion as well, right?

Anyway, this discussion is moot of course. TA works, and it's not really a big secret. Doesn't mean 80% of the "TA" posts in here aren't bullshit, of course.

[Moria843]

T&A is better than TA, and more fun.

[grappa_barricata]

[empowering]

That is flawed logic.
 
Over 90% of golf players use golf clubs too... does not mean they are ever going to be able to play like Tiger woods or Rory McIlroy or Arnold Palmer or Greg Norman or Seve Ballesteros or any of the many many awesome professional players... and that is just one example in many many fields, of people using the same tools... but different performance/outcomes/results/wins...  

 

[BTCfan1]

looks to me like we could get a decent bounce here off the 61.8% retracement level ($491 on Bitfinex). what do you think guys, time to go up for a bit? nothing moon-like, though.

it's looking good to me!  504 and the order book on stamp looks healthy, 4hr MACD about to cross just crossed

[xcrabber]

^ how much?

1 mill, give or take

I prefer yachts. I am looking at between 35 and 45 feet. Need to be able to sail it singlehanded - the missus is not capable!


http://www.boattest.com/All-boats/AllBoatsThumbs/Nordhavn/Nordhavn-43-run.jpg

Nordhavn boats are go anywhere, no nonsense vessels, VERY fuel efficient world cruisers.  They are made in sizes up to 120' if you happen to belong to the Vladamer Club.  These boats reminds me a lot of bitcoin, no matter how rough and how far down in the wave trough it is, you can rest assured it will come back up the next wave.

  If by yacht you mean sailboat, Mason 44 is a fine go anywhere vessel by the same builders.  Lafitte 44 is another fine go anywhere sailboat of older vintage, bargains can be found.

Now back to lurking...

[grappa_barricata]

[bigdave]

Back above 500! Yay!

[samsonn25]

Lmfao

[fonzie]

LTC shorts almost doubled in the last 36h. They are going to get squeezed pretty fucking hard, again.

[samsonn25]

It was up 90% from $3.30 though ??

If it touches 6 again it will retrace to 4.