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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27700. (Read 26718061 times)

legendary
Activity: 1512
Merit: 1000
@theshmadz
https://www.bitfinex.com/pages/stats
Shows 1:1 Bullish after rounding off.
Its (63:36) 1.75:1

Nearing 2:1 after a long time.

Alot of this buying is shorts closing. Over 1000 btc in shorts closed in last few hours.

is that why we don't see the bounce-back?

You mean why we don't at least go down a bit instead of flatlining?

I think everyone is anticipating a bull market. So we have one. I don't think this has legs to get past 650ish, but as long as people are selling, I guess we can run for a while.

From a wave perspective this is a corrective pattern from the low with one more bull run up, before resuming back down.

We will see.

yeah, you got what I meant exactly.

but when you say "resuming back down" do you mean a retracement? or do you seriously think we will test recent lows? (I mean like sub 450 range)
legendary
Activity: 1512
Merit: 1005
You even know what a Nazis is? National socialism...... Show me one crypto coin that is socialist?

Um. Just because they called themselves Socialists doesn't make them socialist.

They were in fact fascists, right-wingers not left-wingers.

[/politics]

Wrong.  They were socialists.

In Hitler's Germany, every citizen was guaranteed a job by the government.  Every citizen was guaranteed an education, at government expense.  Health care was not totally socialized, but it was heavily subsidized by the government.  Sound familiar?  They weren't Marxists, but Fascists really are socialists too.

I don't think you know what left-wing and right-wing actually mean.  In America, at least, these terms have become almost meaningless.  Nowadays, right-wing = conservative = republican, and left-wing = liberal = democrat.  In reality, all of these terms have distinct, useful meanings.

The left-wing/right-wing terminology originated in France after the French revolution, where those who favored the old aristocracy sat on the right side of the legislature, and those who were more egalitarian in their views sat on the left.  Thus, right-wing came to be associated with those who believed that some people (the aristocracy, in this case) were genuinely better than others by birth, and ought to rule over others based on their basic genetic superiority.  In this way, the Nazis were clearly right-wing, even though they were also socialists.  I don't think any political group in America now is really right-wing, other than fringe groups like neo-nazis and the Ku Klux Klan - but it makes Democrats feel better to associate that term with Republicans.

Look up "classical liberalism" on Wikipedia to see what the original (and real) meaning of liberalism is.  I think you will be surprised by the answer.  Spoiler:  It reads a LOT like what most of us call 'Libertarianism'.

"Conservative" historically has meant to oppose change, to favor maintaining the status quo - whatever that might be at the time.  I don't know too many American 'conservatives' who are happy with the status quo nowadays.

The media and the political establishment try to conflate any term that has negative connotations among their supporters with their political opposition, and thereby render good, useful words useless.



Great explanation.

legendary
Activity: 2156
Merit: 1070
https://www.bitfinex.com/pages/stats
Shows 1:1 Bullish after rounding off.
Its (63:36) 1.75:1

Nearing 2:1 after a long time.

Alot of this buying is shorts closing. Over 1000 btc in shorts closed in last few hours.

is that why we don't see the bounce-back?

You mean why we don't at least go down a bit instead of flatlining?

I think everyone is anticipating a bull market. So we have one. I don't think this has legs to get past 650ish, but as long as people are selling, I guess we can run for a while.

From a wave perspective this is a corrective pattern from the low with one more bull run up, before resuming back down.

We will see.
legendary
Activity: 1512
Merit: 1000
@theshmadz
https://www.bitfinex.com/pages/stats
Shows 1:1 Bullish after rounding off.
Its (63:36) 1.75:1

Nearing 2:1 after a long time.

Alot of this buying is shorts closing. Over 1000 btc in shorts closed in last few hours.

is that why we don't see the bounce-back?
legendary
Activity: 2156
Merit: 1070
https://www.bitfinex.com/pages/stats
Shows 1:1 Bullish after rounding off.
Its (63:36) 1.75:1

Nearing 2:1 after a long time.

Alot of this buying is shorts closing. Over 1000 btc in shorts closed in last few hours.
hero member
Activity: 616
Merit: 500
I got Satoshi's avatar!
I'd be getting very nervous if I wasn't on this train already  Grin

1 week MACD moving the right way, gonna be fireworks when that crosses over.
Been watching that with optimism over the last few days... things are looking really good... I think it just takes a while for the market to grasp the latest developments in bitcoin  Smiley
hero member
Activity: 798
Merit: 1000
I'd be getting very nervous if I wasn't on this train already  Grin

1 week MACD moving the right way, gonna be fireworks when that crosses over.
sr. member
Activity: 686
Merit: 250
BTC Trading: Make a mistake once and you'll end up making more to cover the first.
sr. member
Activity: 686
Merit: 250
https://www.bitfinex.com/pages/stats
Shows 1:1 Bullish after rounding off.
Its (63:36) 1.75:1

Nearing 2:1 after a long time.
sr. member
Activity: 252
Merit: 250
12CDKyxPyL5Rj28ed2yz5czJf3Dr2ZvEYw
Get on the train and forget 500 Wink
legendary
Activity: 1512
Merit: 1000
@theshmadz
I don't know from markets, but this feels a lot like the opposite of those big dumps that were getting eaten up a few weeks ago. like you could dump a bunch of coins and it would only go down briefly, and then right back up, right away.

Now, with these buy tests, the market does not retrace, only perhaps oscillates in a tightening triangle until the next "test"

I really wish that everyone would just curb their enthusiasm and remember that this is all just a dream.

https://www.youtube.com/watch?v=rsL6mKxtOlQ



case in point:


to steal a phrase from MatTheCat:

WHAT THE HELL IS WRONG WITH YOU BITCOIN NUTTERS!???!!?!?

MAX ALL YOUR SHORTS!!!
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 308
Merit: 250
Thank fuck I bought my last bitcoins last month with my vacation money.

All in.

legendary
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
This is fiat moving back from the banks to the exchanges once they saw the reversal taking place. Hold on boys, this is just the beginning.

Excellent observation.

Everyone has been watching the clear downtrend all year and now it is finally broken the buyers are returning in force. Many of them did not leave their fiat on exchange so this upward pressure will last some days. Monday should be monumental.
legendary
Activity: 966
Merit: 1000
- - -Caveat Aleo- - -
Anyone else here buying bitcoin thru Secondmarket?
sr. member
Activity: 686
Merit: 250
legendary
Activity: 1288
Merit: 1000
Enabling the maximal migration
This is fiat moving back from the banks to the exchanges once they saw the reversal taking place. Hold on boys, this is just the beginning.
legendary
Activity: 2124
Merit: 1013
K-ing®
bye bye great wall on 500
FNG
hero member
Activity: 588
Merit: 500
I wonder what will happen when Stamp starts processing deposits for the day

 Grin
sr. member
Activity: 686
Merit: 250
A 4k buy & were @ 550. Flatline for a few days. Drift to Next resistance at 690.  Grin
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