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

[bad trader]

Touching lines again.

You know it is technically always touching a certain trend line, right? It all depends on how you choose to draw one: the degree of the polynomial and the points you choose to include in the equation (or the randomness if you draw lines by hand).

Yes, that particular one seemed fairly important line based on past performance. We are now below it. I'm just saying the Chinese traders (and probably others) seem to follow the important looking lines and when one gets broken to the downside they dump. They also buy in the other direction. And there may be little else going on at the market right now.

I'm just not sure if these trendlines can be trusted. The market may be fooling itself by following it's own tail.

[noobtrader]

waiting for a price drop... 

why?

I think  because he want to buy more bitcoin.

I think he doesn't want to buy less bitcoin.

yay i make bitcoin more than mining, just by trading bahahahahaha

Are you permanently high?

uh... mining with 1 T (about 1 Btc atm) net you like 0.012 btc per day

yesterday is shorted n get like 0.015 btc.

 

[ChartBuddy]

Explanation

[shmadz]

Just to be clear, I'm not saying it won't drop from here, which in itself is probably a bullish indicator.

A bullrun on fiat? yyAy!

I closed my short on the way up from 350 to 360 in a hoped to reopen it above 370 but I am starting to "panic".

I just trust the market to move against me whatever I choose to do.

Prudent advice. Always consider the worst case scenario.

With my trading skills thinking about worst case scenarios tends to lead into buying at the top and selling at the bottom.

Just stay patient and hope for the best seems like better advice. Some random swing will meet your bids/asks eventually. Maybe.

I prefer to substitute the word "trading" with "gambling"

As long as you enter each position with the expectation that you could lose everything, then I think you'll be fine.

I'm afraid of a situation where retail investors get involved and get slaughtered.

That is the main thesis for "as low as possible for as long as possible."

[noobtrader]

wow... 

all my bid were fullfiled    and it rising again oyess 

[janos666]

As long as you enter each position with the expectation that you could lose everything, then I think you'll be fine.

What about STOP orders?

[shmadz]

Good morning Bitcoin warriors!  How goes the battle?
Has the rotting world of fiat collapsed under the weight of unsustainable debt yet?
Party tiem?

Props when due.

That is some high quality imagery.

Party tiem indeed!

[shmadz]

As long as you enter each position with the expectation that you could lose everything, then I think you'll be fine.

What about STOP orders?

Not a fan personally.

I find they tend to get triggered at the least opportune times.

[noobtrader]

As long as you enter each position with the expectation that you could lose everything, then I think you'll be fine.

What about STOP orders?

Not a fan personally.

I find they tend to get triggered at the least opportune times.

just sell above 360 and the price will retest 350 again because its the fair price atm...      (do i sound like shroomie now )

[NotLambchop]

"We will go down in history either as the world's greatest visionaries or its biggest lolcows."--Satöshi "Hermann" Nacömotö

[noobtrader]

price really struggle atm, but i guess it will go up again, too risky to short.  

EDIT :  testing 360 soon

[janos666]

As long as you enter each position with the expectation that you could lose everything, then I think you'll be fine.

What about STOP orders?

Not a fan personally.

I find they tend to get triggered at the least opportune times.

I agree. But getting stopped out halfway is better than getting margin called. And it makes it harder to loose "everything".

[bad trader]

wow... 

all my bid were fullfiled    and it rising again oyess 

Major dump time?



Dunno, we'll see.

[shmadz]

As long as you enter each position with the expectation that you could lose everything, then I think you'll be fine.

What about STOP orders?

Not a fan personally.

I find they tend to get triggered at the least opportune times.

I agree. But getting stopped out halfway is better than getting margin called. And it makes it harder to loose "everything".

In warfare, the ones who are willing to lose the most have the advantage.

[noobtrader]

wow... 

all my bid were fullfiled    and it rising again oyess 

Major dump time?



Dunno, we'll see.

still at the support line, hope its rising again.

[noobtrader]

As long as you enter each position with the expectation that you could lose everything, then I think you'll be fine.

What about STOP orders?

Not a fan personally.

I find they tend to get triggered at the least opportune times.

I agree. But getting stopped out halfway is better than getting margin called. And it makes it harder to loose "everything".

In warfare, the ones who are willing to lose the most have the advantage.

 

more like gambling than warfare this is 

[janos666]

As long as you enter each position with the expectation that you could lose everything, then I think you'll be fine.

What about STOP orders?

Not a fan personally.

I find they tend to get triggered at the least opportune times.

I agree. But getting stopped out halfway is better than getting margin called. And it makes it harder to loose "everything".

In warfare, the ones who are willing to lose the most have the advantage.

Winning a battle != winning the war

[shmadz]

As long as you enter each position with the expectation that you could lose everything, then I think you'll be fine.

What about STOP orders?

Not a fan personally.

I find they tend to get triggered at the least opportune times.

I agree. But getting stopped out halfway is better than getting margin called. And it makes it harder to loose "everything".

In warfare, the ones who are willing to lose the most have the advantage.

 

more like gambling than warfare this is 

Gambling is warfare.

Warfare is gambling.

I just hope that this little experiment will expose the fact that the current system of financial trade is broken.

Financial and political transparency is the way forward.

[noobtrader]

As long as you enter each position with the expectation that you could lose everything, then I think you'll be fine.

What about STOP orders?

Not a fan personally.

I find they tend to get triggered at the least opportune times.

I agree. But getting stopped out halfway is better than getting margin called. And it makes it harder to loose "everything".

In warfare, the ones who are willing to lose the most have the advantage.

 

more like gambling than warfare this is 

Gambling is warfare.

Warfare is gambling.

I just hope that this little experiment will expose the fact that the current system of financial trade is broken.

Financial and political transparency is the way forward.

warfare is not gambling, warfare is an art... just ask SunTsu 

warfare is gambling if you dont know your enemy

[shmadz]

As long as you enter each position with the expectation that you could lose everything, then I think you'll be fine.

What about STOP orders?

Not a fan personally.

I find they tend to get triggered at the least opportune times.

I agree. But getting stopped out halfway is better than getting margin called. And it makes it harder to loose "everything".

In warfare, the ones who are willing to lose the most have the advantage.

Winning a battle != winning the war

Agreed.

When you actively trade, you need to win those "battles"

Your stake depends on winning the battles.

When you make strategic investments, you are wagering on the eventual outcome.

It's just a different kind of bet.