Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 11509. (Read 26725958 times)

I actually had a milestone one year (plus a day) ago too... remember?

I was wondering how you guessed my age. However, it looks like I posted my age a year ago. Oh well, thanks to equifax, some hackers have all of my info anyway.

I want to repost the CME chart because I don't think people are realising the significance of it.

Typically the bottom is drawn as a giant capitulation candle with huge volume.  This is the bottom for 2015.  



We hit absolute bottom on a massive capitulation candle in January 2015.  We then broke upwards through the bear line in late June 2015.

What I have been waiting for, and presumably V8 is still waiting for, is a massive volume candle.  But there is a huge candle out there, just not where you would normally look.  There is an enormous volume candle on CME.  Wall Street has painted an enormous flag on Bitcoin, and that flag says "the bottom is here".  Wall Street thinks the bottom is in.  



I am still wrestling with the implications of that.  But we may look back on this five or ten years later and say "that was how we knew that the bottom of the market was in for the 2018/2019 crypto winter".  

You don't have to draw squiggly lines on charts to appreciate various interesting price points that might constitute resistance.

Previous local top of $4,236 is approaching, and it will be interesting to see if the price whizzes by $4,236 in order to hang out in the sub-$4,500 arena.

It would be quite surprising to break above $4,500 without some kind of a correction or a meaningful battle.

But this is BTC, every once in a while there will be a few surprises, just to throw everyone off, and it would be nice to go straight to the sub $5k arena and play there for a few days.  Perhaps hopium?

@bitserve?  You starting to develop some tinglings?  

nice green candles, though to be accurate, you need 46 more...

Happy b-day, bones.  

sooooo pretty

when rekt?

The greatest feeling you can get.......
Its called the Pump.

https://www.youtube.com/watch?v=84cVizR6sPQ

There is no particular need for us to agree on the interpretation of seagull entrails.  I place the bear line at around $4,500 currently and the first real test of our baby bull market.  I would be surprised if we could cross it at our first attempt.



Zoomed in





 Relevantly both of us place upcoming resistance at $4,500.  Perhaps it doesn't matter how we come to the conclusion that resistance is at $4,500, if we both agree on it.  

I have not been accusing you of being realistic, but you seem inclined to want to generalize everyone else as being dumb but you, even though I will concede that there is a crown phenomenon, it lacks a lot of sensitivity and seems to be a kind of inaccurate generalization to attribute those characteristics to all individuals - and seemingly participants of this thread, too.


It's like you are taking various trending phenomenons and ascribing those characteristics to individuals with a kind of strawman selectivity argument.

Sure some people did not buy low and sell high and some people did the opposite.  So fucking what?  it is a phenomenon that exists, but it is no reason to conclude that everyone or even a majority have been doing that, and suggesting that those are the same people involved in bitcoin now.  Of course, there is overlap, so you seem to be just devolving into a BIG ass erroneous generalization of amorphous phenomena that don't mean what you are trying to get them to mean.




Why do you want to warn people that you are clearly patronizing?  Your attempt at justification makes little sense.

By the way, there is a mixture of winners and losers in bitcoin, and so far, it has been difficult to lose money if you stay in bitcoin long enough, which means that you will likely end up experiencing a bull market at some point and most people tend to make money in bull runs.



Why do you feel a need to denigrate?  and act like bitcoin is some kind of ponzi scheme?  maybe you meant to  be participating in an ethereum thread or an ERC 20 token thread?


Now that seems to be like a troll/shill talking point.  what the fuck?  "this time is different"... Who the fuck here is saying that?  You trying to summarize our various posts in this thread with dumb-ass lame bearshill/beartroll talking points?  Of course, many of us, just like you, are expecting another bull run in bitcoin at some point, whether such bull run happens soon (which seems unlikely) or takes 1 to 2 years to play out (seems more likely), these seem to be good buying points, even if the price corrects again in the near future from here.



Most likely you are disrespecting logic.  I already have a pretty thick skin, so don't worry about me.  Instead of becoming a bit more reasonable, you seem to be doubling down in the area of the nonsensical... and filled with a lot of unsubstantiated generalizations... which are generally disrespectful to the intelligence of many of the regular participants in this thread (even the dumber ones as you might be suggesting some of us to be) rather than any feelings that I have specifically.



Great.  If you are providing helpful information, then thanks, but no one really needs to be patronized, whether noob or not.

By the way, if you are providing various technical analysis, merely because you draw better lines on a chart than someone else, and some other people do not really buy into some of the charting techniques does not mean that you are smarter than those differing perspectives, even if you end up being correct in your prediction.



Signatures have been disabled in this thread, anyhow.



A lot of us here are sharing our opinions about bitcoin and other matters, here, for free too.  Some opinions are more valuable than others, and it is good to have various diverging opinions, too.

If you are trying to suggest that your information is more valuable, then maybe you should go somewhere else and charge for it, if that might make you feel better.

Sometimes, I have seen that posters who tend to brag how valuable their information is, they are trying to build a base in order that they can charge for the information down the road.  Your comment about "free" does suggest that you would prefer to be paid because you happen to be so damned smart (compared with others here).



If you post in a public thread then you are not always going to get love.  Who has sensitive skin, here?



Of course, I am free to put you on ignore or to respond.  I don't need permission to put you on ignore, if I were to want to do that.

Bears, are you ready?

https://www.youtube.com/watch?v=JvjxRrX6Z2c

I just drop an "IOU" and then do a search and strike them out when paid.

We seem to be going back up to $4160 again quickly and the 121BTC are still there.

Gonna easily get gobbled up, right?


Edit (less than 15 seconds after initial post):  And their gone.


hahahahahahahaha      Gotta love it.

That question is beyond me. I take pleasure when My team wins another Superbowl but never stress if they lose (They were dead last my entire childhood).

Happy B-Day!

Night shift on duty...Mic's down for the count

and I rather don't expect him terribly early tomorrow...

lol that's indeed a terrible typo, but think about it, doesn't a ticker on skin seem like a good idea?

I wish I could grow a ticker on my skin...save me looking at my device every 5 minutes to check price....

ok i am sorry for being realistic, i know the crowd wants moon memes and "buy now before it's too late" b.s , it makes them happy because sadly the majority of them bought btc at higher price.

the purpose of my post was a simple clear warning for those who have been losing money from day 1 in bitcoin listening to moon boys who keep encouraging them to buy btc at every level telling them " this time is different."

i am not sure how you ended up analyzing my words, but if you felt that i was disrespecting anyone then you probably need to grow a thicker skin.

i spend the time and effort to educate the noobs and i am not even wearing a signature , doing this for absolutely free, and taking the risk of going against the wind by telling them something they don't want to hear, and getting all type of b.s replies (not yours, yours is perfectly fine).

but if you have a problem with how i express my thoughts on the market, feel free to put me on ignore.

whoa! nice shoes dude.

O.k.  Largely, we seem to agree about that, in terms of good strategy to buy and to hold, and I would avoid either judging people who don't want to trade or feel comfortable in trading because they are likely the majority.  Of course, there may be some who attempt to dabble in trading, but the vast number of people who attempt trading having difficulties getting it to work for them.  Accordingly, it seems that the more normal path would be to presume that most normal people should not attempt to trade unless they are ready, willing and able to invest a decent amount of time to study and practice it in such away that works meaningfully well for them.   


I agree with you that a large number of people do the wrong thing, but just because they do that does not mean that we should presume that they are going to do it or try to entice them into doing that.  I am not sure if you are enticing, but just attempting to patronize people who get emotional?  In some sense, you seem to be trying to entice people to trade, but just to do it the right way (your way) rather than following their emotional inclinations which ends up screwing them up.  Instead, of trying to get them to sell, why NOT just suggest that they refrain, unless they figure out a system that works for them......

O.k... maybe I am being too harsh on you and you are not suggesting that they sell, but instead you are merely saying that they should NOT get all excited and buy now, because such action might cause them to sell later when the price goes down (as you anticipate).  Overall, I don't think that it is bad to let people know how you believe that the market is going to perform in order to help to prepare them, but I don't see any need to either patronize with your supposed superior vision which seems to be suggesting that they do what you do... which might not be a good idea.. especially when BTC prices are still in a 80% correction zone.


I still don't see the purpose of dissing anyone.. it is like you are creating a strawman argument.  Many of us participating in this thread have been around BTC long enough to recognize that it goes up and down, and even that there are a lot of resistance points on the way up from here, so you are not really proclaiming anything unique to say that you are the only one with a vision that the price might NOT break above some of the resistance points in the lower and mid $4k price territories.