Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13670. (Read 26714928 times)

Dear Weak Hands:

Please sell all your bitcoin now. The whales need to screw you really hard before we can go back up again. Don't try to buy your bitcoin back until we get close to a new ATH. And don't DCA, it doesn't work.

Sincerely,

Bitcoin Bulls

Agreed...  Andrew Jackson and Calvin Coolidge are my two favorite.

We may have underestimated the size of the cage needed, but we are not afraid.

Good old Andrew is my fav president, even against titans such as Teddy "the man in the arena" Roosevelt.

Also also: https://www.youtube.com/watch?v=mII9NZ8MMVM

That overlay was not accurate.  The 2014 to the absolute low in 2015 was well over the 7 months [13 months actually]. Our current move from December 2017 to June 2018 has only been 7 months.

This should do. Tomorrow traffic is diverted.

Welp this looks a bit shit.  If we don’t bounce we can bin this accelerated 2014 model. 

 


We both keep editing our posts with more, lol. But I think that explains it. I don't blame him. Liberals do.

Point taken.  I'll be more "tactful" in the future.

However, you've stirred my curiosity...  If you "...know all that pretty well," then why is it still his fault?

Did you know he has a painting of Andrew Jackson in the Oval Office.  That's the ONLY president he has hanging on the wall in the Oval Office.  A little history about Andrew Jackson:  He got rid of the Central Bank when he was in office and the Central Banking system did not come back until "Progressive" Woodrow Wilson was elected.

 

This is irritating. I know all that pretty well, and I admire your and @mindrust's expostulation in the next posts, yet I really don't need to be told what I need to do. Another time, please rephrase.

The gif is rather unconnected.

Can someone make this stop :-/

Well, to be honest I did and will continue to crack. (not sure if I qualify for an 'old school holder' though)
Did not plan on it really, but here we are again: adding coins and keep on doing so for anything under $10k.

From a rational point of view it makes little sense, since percentage wise I am not able to add much. It is just that a whole bitcoin feels so incredibly valuable, I can't resist buying some at a hefty discount. Bitcoin is doing better than ever before! I will quote myself in a few years time, laughing about how naive I was: buying under $10k or stop buying above $10k.


Awesome, can really relate to that. I have no clue what to do with the fiat money, except for not having to do things if I don't want to.
Bitcoin gives personal freedom, I can go where ever I want to with very little things to arrange.

yesterday while we where playing ..... i told my friend about my father from one of my last posts....
he said its very classic situation like those people searching for gold ,    there are those when the riverbed is empty and all the gold is easy to find and pick up .... as the bull run of bitcoin when its easy to jump on    SO they do

and than theres the time that the same river place is full of water and its raining and the place is not fun to be, no gold to be found its deep dawn, but we know its there butt still no nice  time to be there, not wanna do whats necessary to reach that gold .... like when the price is going down and all those that where very intrested @the BULL run and wanna know all there is too know about bitcoin just leave BTC behind

WHILE the smart of us are sitting @the river down in our tent with all of our working tools and all we need for when the river dry's back up and harvest to be made     

At this rate I will have to sell one of my boats. Woe. Woe I say.

I was planning to anyway, but wise man say never let chance to Woe pass by.

Bears just soooo greedy right now.
licking their lips to break market structure triple bottom.
God save them.

Just because Bull composite groups have not shown their "support" as of yet does not mean "support" does not exist.  In fact, I'm not expecting the bull "composite groups" to reveal their "support" until AFTER we fall just below $5,920.72.  THAT price point will be the point at which we begin to pay more attention as to whether this will result in a Wyckoff Accumulation or Distribution Schematic.  I'm still leaning towards an Accumulation Schematic according to diminishing volume and what I'm seeing in my indicators.  IF we fall substantially below $4,573.20, then Phase B of a Wyckoff Accumulation Schematic has been invalidated and we should begin looking for a Selling Climax; followed by a forming base to begin Phase A of a Wycoff Accumulation Schematic.

EDIT:  Early on in Phase B, the price swings tend to be wide, accompanied by high volume. As the professionals absorb the supply, however, the volume on downswings within the TR (Trading Range) tends to diminish. When it appears that supply is likely to have been exhausted, the coin/stock is ready for Phase C.  That is what we see potentially developing here.

am ready for anything bring it on bitcorn. Am a very patient man.

Volume down = price down NO matter how strong is support.

The odds are decently high we are in the later stage of Phase B in a Wyckoff Accumulation Schematic #1.  I'm getting this signal based on the price action since the fall from All Time High (ATH) of $19,666 on BitStamp and from the indicators I'm using.  

Yes, there's a "possibility" this is not an Accumulation Schematic but a Distribution Schematic instead.  If we go below $4,000, this will invalidate an Accumulation Schematic and confirm we were actually in Phase E of a Distribution Schematic all along.  This would require us to begin looking for a "Selling Climax" (SC) and a "base" to form shortly afterwards to mark the beginning of Phase A in a Wyckoff Accumulation Schematic.  If this is the case, we can pretty much rest assured the likely-hood of $100,000 bitcoin price is out the window for 2018 year end.  We would actually struggle to reach $25,000 by year end if we drop below $4,000; resulting in a Distribution Schematic.

I believe it's worth noting the volume is decreasing while the price action is falling in this 11-Day Time Frame (TF).  This is usually a good signal we are "potentially" nearing the end of Phase B and about to enter Phase C in a Wyckoff Accumulation Schematic.  Which see in the chart below:

EDIT:  We "could" end up rolling into another Automatic Rally and come down once more to current price range; which would delay beginning a Wyckoff Spring until September/October, 2018.



There is a "chance" of us falling below $4,000 and down to around the $2,980 price point when looking at higher Time Frames.  I will refrain from posting a chart with indicators on the 21-Day TF and higher unless we fall below $4,500.  THEN, I will post a higher TF to provide an idea of WHEN and at what price point a fall below $4,000 will take us.