Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 14281. (Read 26606989 times)

What's even more fun is fractal beasties.

6 hours. Total time interval just under 1 month. We know the two small critters at the end, they're likely the tail of the next Cthulhu pangolin (the dominant animal at this scale).


As good as any TA, I promise.

Actually, the whole show was informative. I give it a B-
They only truly made fun of Bitconnect and B. Pierce, and rightfully so on both occasions because it is hilarious to hear what they were actually saying.
Nobody there made fun of btc/Satoshi, etc.
IMHO, the space should police itself better (in terms of pointing fingers and saying stuff, not in terms of censorship) so true scammers don't rise above the fold.


There is plenty of bad mood around here because almost nobody sold at 19.6K and now they think that it is another 2014-2015.
I don't think that it is, but it gathers steam as a prevailing opinion in various places.

for fuck's sake

now you have me actually seeing mammoths in the chart

Nah... ppl buy without knowing where its going. If it goes past 12k ppl will buy cuz it could hit 13k... etc. fact that it hit 20k means people expect it to be able to hit 40k or 60k. The fact that we are still above 1200 is itself a huge sign of potential, 3 month Downward trendlines notwithstanding. Bitcoin price is still higher than gold price (oz). That is a insane reality.

https://www.cnbc.com/2018/03/12/investors-bullish-on-bitcoin-now-that-the-tokyo-whale-has-stopped-selling.html

“Investors bullish on bitcoin now that the 'Tokyo Whale' has stopped selling”

Indeed. I see a stream of 2-day mammoths looking forward (the final dip is the trunk). Don't know what it's called in astr... uh, in TA. Two mammoths are fairly easy to see in Toxic2040's chart.
By changing the time scale you can see more.

15 minutes - lots of noise on the way down, 2 mammoths easy to spot as in Toxic's post.


30 minutes - the descent can be split in two blobs with a dip in between (think trunk).


1 hour


2 hours - 2 mammoths climbing. The first has its trunk... hm, erected, so to say, pointing forward. Two descending ones can still be spotted before them.


The best visual alignment for me is on the 1 hour chart.

That would be 2 more elephants, hairy or maybe smooth - and of course deformed along an underlying Platonic curve that we'd all like to know.

EDIT: If I were a whale hitting on paranoid traders who think they're smart, I'd smash it down hard after a longish trunk in a half-descending mammoth. Say, on Friday around 13:00-15:00 UTC. That's trunk time. Not necessarily this week. Next week the trunks would be on Tue-Thu-Sat though. But the mammoths have a kind of bend in their back, like stretching cats. The loin point might be as good. Friday next week a convenient loin could happen at 02:00.

 

Who the fuck woke up on the wrong side of the bed today?

Not this cat.

I'm thinking that you may need to switch from beverages to the smokie types, in order to chill out a bit more.. y ten poco paciencia, hombre...

It could take a bit more shaking before returning to $11k, $12k and beyond... My, oh my, it is possible to take years because we cannot ONLY expect UP.. even though we still doing good.. and really there could be some alt coin shaking dynamics that continues to delay our bicycle trip that takes us to the car that takes us to the train that takes us to the rocket, etc etc...

u get urselfie a grip, too!!!!!!!    

I stopped trying to get the average Joe to buy bitcoins when I realized that they were the ones that got us into this mess in the first place by going along with the crowd as I saw more people trying to call for Bitcoin regulations so the price would go up.

Ya'know, those smug douchebags can mock and parody Bitcoin and crypto all they want. I'm sure Jamie Dimon and the big bank establishment is loving that shit, as it keeps the Average Joes away longer because they mock it, like Bitcoin and the whole space is just one big scammy joke, a short term fad that only idiots would get involved in. Mind fuck on Average Joe, mission accomplished.

But we'll have the last laugh alright... oh yes...

You are off base if you conclude that I am criticizing your comments based on their bearishness rather than their bullishness... Although you are correct that personally I likely have a greater tendency to focus on bear FUDspreaders rather than bulls who are trying to get folks to buy. 

Nonetheless, my attention to you and/or your recent posts is largely irrelevant and seems to be an attempt to detract substantive discussions towards me... ridiculous.

Of course, you can predict BTC prices and dynamics in whatever you want and using whatever evidence that you want.   And, people in this thread can point out deficiencies and biases in your predictions, which is what I have been doing regarding several of your recent posts in which you are referring to some supposed "ah ha" moment that you have come to at around (or perhaps nearly after) your selling of a decent stash of your bitcoin, and because of your supposed "ah ha" moment, that does not seem to be based on much of anything beyond some kind of bare assertion, you want to share those feelings with peeps reading this thread.

 What I am doing is asserting that your BTC price prediction (and assertion of current dynamics) seems largely based upon your having had sold a decent portion of your BTC and perhaps unsubstantiated emotions rather than any kind of meaningful evidence or logic, and my responses should allow you to respond to my criticisms, but seems that the best you can come up with is to assert the thread (including yours truly) is too diluted into bull circle jerk thinking.. blah blah blah.. . and without really substantiating any of your earlier assertions beyond that you had sold some BTC and you are hoping the prices go down, now. 

Sure, you could end up being correct that BTC prices go down from here, but could be more of a result of luck rather than any kind of meaningful insight that you have shared about your views of short-term BTC price dynamics.

I'll try to consider both UP or DOWN from the viewpoint of someone who got something at stake.


I'm bullish at heart too, and this is standard view indeed. The folloiwing is also reassuring.


But if it is true that a small minority can control the price by acting in a select mix of exchanges, we should try to figure out longer-term dynamics. The ever-hungry badger is a thing for fairy tales. He needs to rest, to digest, to heal, to reproduce - he can't eat all the time.

If a whole school of sharks wants to give another serious shake on the way up, I bet they can. I'd bet small, just as a hedge. That would make for a handsome premium to pay, but a black swan (or possibly just a gray one) could become a life-changing event. "No way I can really retire until the Foundation is set up" kind of life-changing.

Enriching thoughts? Bears, bulls, ratts, primates (including humans).
Bugs needn't bother, since we already know their opinion on the matter.

I see where you are coming from, winning in trading mean ruthlessly rational analysis, combined with understanding what move the market from first principles. I would have done enormously better if I applied my own principles better to my own trading. You should try to destroy every idea and 'feeling' you have from every possible angle. I think if you had tried this you would have seen the holes in your trading strategy sooner.

I had 4 years of french in high school but that was about 20 years go...so I can get by but not conversational yet. Sold to some kid on localbitcoins who didn't speak any english. I was able to get through the sale without too much difficulty. Especially with google translate. Just enough for pocket money.

Honestly. I know this sounds stupid but intuition. I have been staring at bitcoin charts for 8 years now. It made a very solid looking bottom with very reasonable growth coming out of that bottom, a healthy and calm retracement down to about half of that run up then further upside that broke out past the last high. It's just what bitcoin charts have looked like to me when the bottom was in in the past. It looked like textbook - people are done freaking out so therefore we can resume the more general trend that is up. And ultimately I am a bull long term. So when ever people stop freaking out and cool their heads after a mania bitcoin tends to resume the general multi year bull trend.

I hope that made some sort of sense.

Sybils willing to pay in bitcoin are OK, depending on the price:


A funky alt, possibly.
Might have an actual use case, even if right now I couldn't figure one for the life of me.
Democratizing down the price of on-chain fees once rewards are hardly relevant?
Such a funkcoin might as well exist already, for all I know.

Who has summoned me?

What was your thesis for a March pump?

'Standard View'

BTC ran up 10,000%, a massive multi-year correction is then absolutely necessary. Given the increase in infrastructure and adoption the most likely effect is a shallower, longer winter. (The more something represents the entire system the slower it moves, economies move in decades long cycles, BTC could have month long cycles starting out. Lows around -75-80% off the ATH.


'Miracle 2013 style double top'

We ran out of new suckers, that is why the price stopped going up. Double top would need:

-New even larger wave of speculators. Coinbase was the #1 app, on TV every night, major exchanges in all countries with rich speculators. The next level up requires infrastructure that is years away at best
-Belief that 100k is possible. No one will pay 20 unless they think someone will pay 40, 40 buyer needs to believe in 80 buyer coming etc. A drop to 6k erodes this
-All the stuck bagholders have to get even or accept their losses, this places a huge ask capping any rallies

Cabin in the mountains is more my speed.



My baby is almost done! One more month or so.


Is this a thread for talking about price predictions or a thread for circle jerking about the moon? Is that the only opinion I am allowed to have? BUY BUY BUY MOON MOON MOON.

You come off as such a wize soul.



NOT.


This above post demonstrates your nonsensical mud, and seeming inclination to talk your book -- -yeah right.. you went from the most bullish to the most bearish just a couple of weeks ago, and now you want to tell the world about your supposed enlightened transformation.

    Get a fucking grip, book talker.... 

I have never been so sure in my life that bitcoin was going to go bullish early march. I was approaching 99% sure of my bullish sentiment. And I'm not usually wrong. I'm willing to admit when I dont know, which is often, but when I decide that I do know I have always been right. That kick in the teeth of being not just a little bit wrong but so extraordinarily 100% 180 degrees wrong sent me from the most bullish I have ever been to the most bearish. At this point I'm waiting for a retest of 6k atleast.

It really really really should have been off to the races from like the third of this month. This pullback should not have been as dramatic as it was...