Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16308. (Read 26611087 times)

Bull trap

What the fuck are you talking about?  

It should be clear from the total context that we are in a bitcoin bull market, like I said from about $250 to present - and this bull market has been going on for about 2 years.. and such trend seems to continue, and sure it is possible that the trend could change at some point, but you don't fucking know.  It is way too early to determine that we are no longer in a bull market.  

Maybe a few months down the road you could tell me that we are no longer in a bull market because the price went below $1k or something like that. , or maybe if we get a bigger or longer correction, then you could tell me such, but currently, it is way too fucking early to make such an assertion of either a trend change or anything like that, so we are still in a bull market, until such logic and facts are present to determine otherwise, no?  

Furthermore, we have a price battle going on for about 20 weeks (and maybe even a bit more tense in the past few weeks), which means that there is pressure from both sides to push BTC prices in the direction that they want... sure it could go down, or sure it could go up and some of those downs or ups could be temporary resolutions, but we don't know, yet which way this price battle will resolve nor do we know whether the bull market is going to be converted into a bear market (at some point it will happen, but when is the question?  we may well have one more leg up before we go to a bear market and we may even have a couple more legs up before this baby bitcoin becomes overheated).

Currently, we have a correction from our ATH of $4980 that is going into its third week of up and down playing, but three weeks of correction and playing and even a longer period of consolidation or even deeper correction is not even fucking close from converting a bull market into a bear market.. and even that kind of additional correction is not needed in order for the price to return up.  In other words, we already had sufficient correction and further correction is not necessary, but that does not mean that we might not have a double bottom at $3k or a further test of such bottom, including going lower... it is possible, but no necessary nor certain.

This is not exuberance, it is fact... maybe you need to zoom out a bit when you are trying to assess our current situation, no?

There are no certainties when it comes to BTC price direction, especially when we are in the midst of a battle and in the midst of a bull market, and likely you have no fucking clue besides some conclusory assertion based on your supposed baseless expertise.

Let's be prepared for how the press, whether populist, liberal or conservative, colludes with the secret services to terrorize the public.
https://www.thesun.co.uk/news/4527276/cyber-attack-worse-than-one-that-crippled-the-nhs-is-imminent-gchq-spy-chief-warns/
https://www.theguardian.com/technology/2017/sep/22/major-cyber-attack-happen-soon-warns-uks-online-security-boss
http://www.dailymail.co.uk/sciencetech/article-4910610/Cybersecurity-expert-warns-massive-imminent-hack-attack.html sorry for british
For when our turn comes.

edit to add: for the intelligentsia (lol) there's a different approach to fear mongering https://www.chathamhouse.org/expert/comment/tighter-controls-explosive-materials-vital-factor-response-terrorism
ban mothballs

I can always tell which way those with "a lot of trading experience" believe the price of bitcoin will go.

They have all of that experience, they are so great with the market that they failed to see the potential value of Bitcoin and how it would jump to thousands of dollars each.

Even now they don't get it and all of their "experience" still tells them it is worthless, so obviously the price will go to zero. So they can get back to their stocks and bonds.

The Bitcoin world is as fast as its price movements. I agree that this thread is one of the best to get a sense of what is going on out there. Who post in this thread usually adds a lot of value to every bitcoiner who wants to touch base with the news.
Especially during the summer, when I did not have much access to the internet this thread was the only one to keep me posted about all that happened.
I'm actually grateful to all of you guys that contribute here  

If you told me a year ago China would be 5th in trading volume and we'd be at 3700 I'd have punched you in the face on general principle. But here we are.

The reason it winds people up, is because it is without explanation. All of us here can make random statements talking up our book, but most of us come here for intelligent comment that contribute to our ability to make decisions.
"I know the market, and this is going down." is just useless, and the guy will get on ignore unless he can offer something more than that.

He said down, not that BTC isn't a good long term buy.

You are wrong. Quote this for future reference; bitcoin at a price of $3600 is a good buy.

Shut your mouth! The Kardashians are a national treasure!

All I know is that long term HODL is the best strategy for us humble peasants. And that growth of cryptocurrencies is not done yet.

No quant theory needed.

I second that. BitCoin isn't like 'other' markets.

And I can tell you from experience that whatever you think you know about some canonical market is absolutely inapplicable here.

This place beats discussing the latest antics of the Kardashians...

woooooooooo

experience     

Look kid, I have 10+ years of tradin experience, made good money over the years.

I know the market, and this is going down.

By the way it already went down and it will probably continue to go down despite your irrational exuberance, and the countless shills on this thread trying to talk it up. It doesn't work.

No. It hasn't done that patern and I can tell you from my experience that that pattern will probably never be done in a rational free market.

The forex markets are heavily manipulated in an irrational manner by central banks but even them don't do moves like that.

I say this as a quantitative analys who has been working with some market analysis tools, 2 similar patterns are not 2 exactly same patterns, and it's almost impossible to code an indicator to find them since the similarity threshold if it's set too high, then it will never find one, if too low then it will find many false positives that will most likely lose money.

After all there is randomness in an efficient market.

Now can you forecast price swings? Absolutely, but not with a certainly, but good enough to make money from it, if good information is available.


So I hardly focus on quantitative analysis nowadays, and more on fundamental things. But granted the market is not efficient enough yet, so maybe some tools could be designed to predict it with a good degree of accuracy enough to make money automatically.

This is an amazing picture.

Meh. They already failed trying to jail people for pirating music/movies and at least they had a valid reason there (copyright). I wonder how they can crack down bitcoin holders... Are they sending people to jail with rapists for owning a handful of bits? No wonder china is not banning bitcoin, its a legal headache

Give me a break dude. Your American I guess? Cant blame you the propaganda is strong there