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

[mooncake]

I stopped believing at TA when I saw this.

Then you don't understand what TA is or what it's supposed to be used for.

How do you TA this chart?

[tarmi]

1 min chart.

 

[dEBRUYNE]

380 is acting as resistance (previously support), once we break that I think we will shoot up to 430-440.

[AizenSou]

If we stay at this level for a couple of days it will form a cup and handle. Do honeybadgers give a shit about stuff like that?

I stopped believing at TA when I saw this.

+1

[NotLambchop]

I'm saying, what's the common resource and how is it depleted in BTC?

Don't take it that literally.  If everyone held, the supply would be zero, so, for *any* demand, the price would tend to infinity.  Because supply/demand.
Unfortunately even early adopters, at least those who are rational players, are subject to the prisoner's dilemma--whoever profit-takes last, profit-takes least.
Otherwise, even ponzi schemes are certain to grow exponentially and profit the early adopters, as long as everyone keeps believing, and there's an infinite supply of greater fools (in QuestionAuthority's words, "fresh money.")  

[njcarlos]

I'm saying, what's the common resource and how is it depleted in BTC?

Don't take it that literally.  If everyone held, the supply would be zero, so, for *any* demand, the price would tend to infinity.  Because supply/demand.
Unfortunately even early adopters, at least those who are rational players, are subject to the prisoner's dilemma--whoever profit-takes last, profit-takes least.
Even ponzi schemes are certain to grow exponentially, and profit the early adopters, as long as everyone keeps believing, and there's an infinite supply of greater fools (in QuestionAuthority's words, "fresh money.")  

I understand but it's a pretty literal concept. Those last two concepts are more fitting, of course ;/

[NotLambchop]

^
Sorry, it all seemed connected.  I blame lack of coffee and my own stupidity.

[dEBRUYNE]

1d MACD turned green bytheway 

[FNG]

1K wall appeared at 375, followed by market buy to 379.99 then promptly disappeared.

There was 4,300+ @ 363 a couple of hours ago

[spooderman]

good morning and CHOO

[cbeast]

good morning and CHOO

Bless you and good morning

[spooderman]

I'm pretty sure that manbearwhale ate his own wall to give us the impression that final capitulation had occurred. It worked! And i'm glad to finally see green on the charts again.

[NotLambchop]

[findftp]

Amazing trains, all powered by bitcoin fusion.

[Elwar]

If we stay at this level for a couple of days it will form a cup and handle. Do honeybadgers give a shit about stuff like that?

I stopped believing at TA when I saw this.

+1

TA on this chart shows that we will be at $300 for infinity.

[fonzie]

@shroomskit
I think i sodl 50% for now. What´s your opinion?

Looks a bit overboughlded.

[razorramon]

I'm pretty sure that manbearwhale ate his own wall to give us the impression that final capitulation had occurred. It worked! And i'm glad to finally see green on the charts again.

One day churches will be built for the saviour of us all

[octaft]

I'm pretty sure that manbearwhale ate his own wall to give us the impression that final capitulation had occurred. It worked! And i'm glad to finally see green on the charts again.

I agree and have said so twice, except for the part where it worked. That has yet to be seen.

One day churches will be built for the saviour of us all

When he runs out of money and needs to take profit to ensure he can try again at a lower price, will you recognize it for what it is, or will you curse him for being a "manipulator" and "killing bitcoin?"

[ChartBuddy]

Explanation

[NotLambchop]

@shroomskit
I think i sodl 50% for now. What´s your opinion?

Looks a bit overboughlded.

Hope it's not this again...