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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24051. (Read 26714241 times)

legendary
Activity: 1484
Merit: 1002
Strange, yet attractive.
Quote
What about “the news”?

When this market finally bottoms, likely in less than a week from this writing, there will undoubtedly be some big news item on that day.  Less educated traders and pundits will be shouting from the rooftops that the markets turned because of that news.  But it won’t be because of the news.  Markets don’t turn because of the news.  The biggest news of the year was the Microsoft announcement they will start accepting Bitcoin for their applications.  But the markets did not turn up on the bullish news.  The Microsoft news mattered little because the charts, market geometry, dictated that it was not yet time for the bear market to end.  That time is almost here.  But not just yet.

https://www.cryptocoinsnews.com/bitcoin-price-continues-fall/


CCMF.
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
What does monkey say over the next few months for BTC?

Monkey sees no hope until February.  On a weekly chart he is short.
legendary
Activity: 882
Merit: 1000
sorry if already answered, but do you care to share why you think @220 will be the "real" bottom? (serious question)

It's because the triangle cult has blind faith in their trendlines. Of course if the lines fail, they will have a crisis of faith, which leads to dumping.



It's how markets work.
So current price is determined by the price of 2 to 3 years ago?

Since some people from 2 or 3 years ago are still around, I think it have some influence.

Also the TA people use the same technique, so it in certain sense influence them too, even if they are not here since 2 or 3 years ago
To me 2,3 years to bitcoin is like 10 years, and the price of 2 to 3 years ago ($1 to $10) cannot have any influence to current price. Therefore, to draw a such line in such a scale is meaningless. This is not TA in my understanding.

if that line get broken? better watch out. in no way "meaningless".
I'd rather to look at lines drawn based on these two years prices. Smiley
hero member
Activity: 588
Merit: 500
It's getting a little boring how Zombi Bitstam and Fake China alternates between leading the dumps while BTC-E looks like a Rigged Futures market. Tongue
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
ImI
legendary
Activity: 1946
Merit: 1019
sorry if already answered, but do you care to share why you think @220 will be the "real" bottom? (serious question)

It's because the triangle cult has blind faith in their trendlines. Of course if the lines fail, they will have a crisis of faith, which leads to dumping.



It's how markets work.
So current price is determined by the price of 2 to 3 years ago?

Since some people from 2 or 3 years ago are still around, I think it have some influence.

Also the TA people use the same technique, so it in certain sense influence them too, even if they are not here since 2 or 3 years ago
To me 2,3 years to bitcoin is like 10 years, and the price of 2 to 3 years ago ($1 to $10) cannot have any influence to current price. Therefore, to draw a such line in such a scale is meaningless. This is not TA in my understanding.

if that line get broken? better watch out. in no way "meaningless".
hero member
Activity: 910
Merit: 1003
Time Magazine now accepts dollars even from bitcoiners who decide to sell their bitcoin:
https://www.coindesk.com/time-inc-becomes-first-major-magazine-publisher-accept-bitcoin/

Will it have the same effect on price as the Microsoft news?  Grin
sr. member
Activity: 378
Merit: 254
legendary
Activity: 882
Merit: 1000
sorry if already answered, but do you care to share why you think @220 will be the "real" bottom? (serious question)

It's because the triangle cult has blind faith in their trendlines. Of course if the lines fail, they will have a crisis of faith, which leads to dumping.



It's how markets work.
So current price is determined by the price of 2 to 3 years ago?

Since some people from 2 or 3 years ago are still around, I think it have some influence.

Also the TA people use the same technique, so it in certain sense influence them too, even if they are not here since 2 or 3 years ago
To me 2,3 years to bitcoin is like 10 years, and the price of 2 to 3 years ago ($1 to $10) cannot have any influence to current price. Therefore, to draw a such line in such a scale is meaningless. This is not TA in my understanding.
sr. member
Activity: 344
Merit: 250
sorry if already answered, but do you care to share why you think @220 will be the "real" bottom? (serious question)

It's because the triangle cult has blind faith in their trendlines. Of course if the lines fail, they will have a crisis of faith, which leads to dumping.



It's how markets work.
So current price is determined by the price of 2 to 3 years ago?
All i'm saying is traders draw these lines on their charts and make trading decisions based on them. And those trading decisions do have a considerable effect on the market, but I think ultimately other factors determine where the prices go.
ImI
legendary
Activity: 1946
Merit: 1019
sorry if already answered, but do you care to share why you think @220 will be the "real" bottom? (serious question)

It's because the triangle cult has blind faith in their trendlines. Of course if the lines fail, they will have a crisis of faith, which leads to dumping.



It's how markets work.
So current price is determined by the price of 2 to 3 years ago?

yes. not determined but influenced.
legendary
Activity: 1862
Merit: 1009
sorry if already answered, but do you care to share why you think @220 will be the "real" bottom? (serious question)

It's because the triangle cult has blind faith in their trendlines. Of course if the lines fail, they will have a crisis of faith, which leads to dumping.



It's how markets work.
So current price is determined by the price of 2 to 3 years ago?

Since some people from 2 or 3 years ago are still around, I think it have some influence.

Also the TA people use the same technique, so it in certain sense influence them too, even if they are not here since 2 or 3 years ago
legendary
Activity: 882
Merit: 1000
sorry if already answered, but do you care to share why you think @220 will be the "real" bottom? (serious question)

It's because the triangle cult has blind faith in their trendlines. Of course if the lines fail, they will have a crisis of faith, which leads to dumping.



It's how markets work.
So current price is determined by the price of 2 to 3 years ago?
legendary
Activity: 1456
Merit: 1000
...

I still remember doge people bragging when Doge reached the 3th greater marketplace, in the time when Litecoin was strong.

Then there was the big dump

Filter non mineable and it still is No. 3 Wink

maidsafe would be mineable in the future...  but yes the price could drop  then
hero member
Activity: 1276
Merit: 622
...

I still remember doge people bragging when Doge reached the 3th greater marketplace, in the time when Litecoin was strong.

Then there was the big dump

Filter non mineable and it still is No. 3 Wink
legendary
Activity: 1862
Merit: 1009
Just gonna leave this here:




wake me up once it's worth a nickel.

I still remember doge people bragging when Doge reached the 3th greater marketplace, in the time when Litecoin was strong.

Then there was the big dump
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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