Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21499. (Read 26708726 times)

Coin
Explanation

I haven't finished the pdf explaining how to use my "Tinfoil Dice HD Wallet" yet, but working on it. The code for making the 24th word (the checksum) of the mnemonic created by an exellent, irish guy (after my instructions) is now uploaded to github: https://gist.github.com/LiamLang/5282c62808048856bfe6

I just noticed that (at least on the bitstamp chart) the price just barely went above the log downtrend line yesterday. I drew some more lines (pulled directly out of my ass), and predict that we're definitely getting out of this downtrend by late July, early august, rising from somewhere between $230 and $240. I dont think we'll be seeing $220 again this year.

What are the latest updates with your meetings regarding bitcoin at Norway, Norway ?

Glad to be of help.

Many decades ago I bought a get rich quick scheme that was actually a meticulous and comprehensive rundown of options trading. My eyes glazed over before the end of the second paragraph and I shelved it.

Deciding I should get my money's worth despite not having read any more of it, I made a list of fun-sounding companies that I knew sod all about, rang up some options place (this was pre internet) and placed an order for some call options. It totally slipped my mind for about three months. When I rang up again I was five grand richer.

meh what ever works for you....

I am alright jack  

It's actually easy to get filthy rich on bitcoin. All you need is patience (and some cash). Buy & HODL!

What you want to say klee ?

Shouldn't it be the opposite ?

Ahhhh..... I knew I was doing this shit wrong. asdkjahskdgakfjb

This!

Get drunk, close one's eyes and press as many buttons as possible.

I don't trade. I have a little in the past. My greatest successes happened with a combination of complete and utter guesswork and forgetting things.

Not a TA "advocate"... but I have found that it is important to pay attention to markets at certain (very basic) support/resistance levels. I mean, if you are trading - how else do you get in/out with sensible Risk/Reward?

Cheers mate!!!

Coin
Explanation

lol pulled

Guys, focus on the price - not walls and/or volume (though volume can be a pretty good indicator).

Supply & demand..

Sure .... when I traced the fibonacci retracement levels of the move from 239.10 to 259.10, I saw the 61.8% retracement level at $246.74 and I thought.... yeah, we are most likely to be headed back to there (61.8%) at least .....  61.8% level is quite a common retracement level, and upon hitting it we often see something occur, a decision, and if it is not going to retrace the move completely, and instead is headed on up, it is a common spot for a bounce, and if it is going to continue to retrace, this is a spot I keep an eye on, if we have got this far.

Sometimes, if the move is quick and violent enough, or moving through a new wave, or reacting to other data, it can move violently through retracements.

Though of the retracement levels,  I find 38.2% and mainly 61.8% to find the most correlations to the market in real time.

So, I posted 61.8% really as an observation, when we were at approx $246.6, just as a note mainly to myself to see if we bounced off this level........ or not. (and to remind myself, that my hunch was right that we would see 246.6 at least again, which it was)

(I am a bit drunk, not at home and too lazy to write this anywhere alse atm, sorry for using the wall as my notepad ha ha)

Now lets see if we get the bounce

(ps and nibbled of course just a little add on.. eyeballing)

China awakes and does not give a flying fuck on Finex walls...

Okay finex asks are extremely thick.  Though we all know last time they were pulled.  Hopefully we found some good support in the 245 level.  If we break that it won't be good short term.

I think its time to test the ask walls.

Aw man. I dunno. You need a Technical Analysis advocate. I'm most definitely not sold on the whole concept.

In essence it charts predictable levels of support or resistance in the price movement. The inventor was born around 850 years ago which maybe says it all.