Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 14673. (Read 26607567 times)

Lots of random internet people.

Been told by who...?

The bottom was 6200

Buy it and don't look back.

- You will never get the best price.
- Short term losses are always likely.
- Long term profits are almost certain.

In other words HODL!

was the bottom in or not? I bought back, then sold again, now buying back... or.. not?!

Anyway, depth chart looks terrible.

Well, if it goes down and they start getting liquidated, that's your uber capitulation spike

Tradingview shows BTC USD LONGS at ATH.  34,000?  

Either we are going up or these longs are going to get liquidated and we are going to be fucked up fam.  Today will not be boring.

To be fair USD SHORTS are much lower at 15,000.  

Normally this would be bullish.  But things could get squishy if equity markets dump again.  

I like 1m right now, so green...

^^^^

1d is shaping up for record volume. This pleases me.

I am sorry that I communicated badly.

If I bought at $6k, then my next buy order would have already been set at $5k (because I had set it at $5k the first time around when I had sold at $6k on the way up, whenever that would have been) and after the $6k buy order fills, I would immediately set my sell order at $7k (again, not exact, but you get the idea).

Regarding how much I set in reserve or whether I am stacking extra in BTC or in dollars depends in part on my sense about whether I feel that I need to accumulate more bitcoins or whether I believe that I should accumulate more dollars.  Also, since I have been doing this all the way up from $250, that means that I have gone through accumulating fiat from a lot of sell orders that never returned back down to their buy orders.  So I have sometimes rethought what to do with all the extra fiat that I have accumulated because of those buy order that left unfilled.  Sometimes I reallocate it, and sometimes I take the money off the table.  Also, whenever I am changing my increments, going from $250 increments to $500 and then to $750 and then to $1,000 allows me to rethink how much money do I want to dedicate towards buying back, how far down do I want to set my buy orders and do I want to cause an extra large fiat reserve that is likely going to get taken off of the table.

In mid September 2017 when we corrected about 40% from $4980 down to $2970, I only had buy orders set down for a 50% retracement, and since I was on a trip, that inadequate preparedness caused me way more stress than necessary, because even though I had the money to be able to buy further down, my money was not in a place in order for me to really be prepared for more than a 50% retracement, if it were to occur... so little by little, after that September 2017 correction, I was able to pretty much keep myself prepared for larger and large severities of retracement and to feel comfortable with that - but that preparedness came through our being spoiled by a 4x to 5x better BTC price performance than the most bullish of expectations, so I reconfigured my buy orders down 85% while BTC prices were in the $15k arena... ... so yeah, I am not smart.. just got spoiled with 4x to 5x better BTC price performance than expected... which allowed for a lot easier path for downward BTC price preparations.

For the lazy -



Maybe...just maybe. fingers crossed

It's r0ach's oft-mentioned 'one guy on Bitfinex'. It's HairyMaclairy's 'Wall Street'. It's Mircea Popescu's 'USG'. It's what everyone here calls 'whales'. Someone else posited a 'market-maker'. It's @bitfinexed's 'wash trading'
http://log.mkj.lt/trilema/20180205/#464
[18:57:12] · asciilifeform isn't it lulzy how there's EXACTLY the same "volume" going on the fiat fansites irrespective ?

[19:00:49] · basically, usg got what, 3-5k bitcoin, which it keeps sloshing back and forth to itself on closed "exchange" tripod websites ?


It's just some little ex-Wall St trader who has been told he's to play the newbs on the markets, 'accumulating for a crypto hedge-fund'.

Morning!

Well, we're not down to 1k this morning (6450 or so) so the world didn't end last night. And I guess I was wrong, we'll see if the Govt comes for everyone's bitcoins or not at 10am.

Back to sleep.

There's been a decent bounce in the futures overnight, so, maybe won't be too bad.

Looks like another day of pain for the stock market. Dow down 2.5% in pre-market.

I can afford
To board a Bitcoinooga choo choo

You guys like Tera still live in the more early days. You can’t just ignore the massive developement and adoption since.

That said, Bitcoin is not fully resistant against external powerful entities. It mainly can be harmed and surpressed on the onramps and offramps, which obviously will be reflected in the dollar value.

Step 1: Click 12H
Step 2: Look at the volume
Step 3: Compare the volume to the last 6 months
Step 4: Become bullish and post train memes

Repeat with 1D tonight at closing

Sheesh, talk about systemic risk.... I wonder how many other Chinese companies are this underwater...

https://finance.yahoo.com/news/leshi-internet-says-must-repay-082129074.html