Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28418.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: TeeBone on April 05, 2014, 05:54:21 PM

Quote from: JayJuanGee on April 05, 2014, 05:44:37 PM

Quote from: TeeBone on April 05, 2014, 05:37:57 PM

Quote from: podyx on April 05, 2014, 02:35:55 PM

Have we witnessed billyjoeallen go full retard?? (based on his last post)

Because he doesnt follow lock-step what the Hodl herd wants, and has the discipline to change views (even if short-term) after trial and error ? Im glad i dont follow your pack, or any pack for that matter, it's a liberating feeling Cool

There's NO mandate that you have to HODL... I resemble that statement, so much.... !!! You can also BUY, BUY, BUY. Either of them are good.

Yeh, yeh we've heard it a zillion times...buy, buy, buy....cheap, cheap, cheap...any coin is a cheap coin...it could be at 10K and bultards would be saying it's cheap. Fortunately, i was canny enough to block out the snake oil pitches, and get out at 600-950 after buying in at 125.

I consider anything below $1000 to be pretty good value.. but of course it is all relative. Who would buy a BTC at $1000, if they are on sale for $458-ish.. while supplies last?

Also, if you are out of BTC and you are NOT convinced, then why you hanging out here? You want to save some of us from ourselves, or do you have some kind of vested interest to hang around these parts?

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: shmadz on April 05, 2014, 05:47:30 PM

Quote from: jonoiv on April 05, 2014, 05:31:08 PM

Quote from: fonzie on April 05, 2014, 05:11:15 PM

Quote from: chessnut on April 05, 2014, 05:08:48 PM

it's sneaking up like nobody noticed.

That trendline formed a lil wedge.

Did you switch to Bitstamp now that your upwards support line on Huobi has been broken?

Nice try!

Now that ~~second chart~~ (err.. third chart I guess, the very bottom one), looks extremely bullish to me. I don't know the terms but this guy on youtube told me that the more times you test a resistance level, the more likely it is that you will break through...

My gut is still uncertain, we could see sub-400 easy, but my mind is made up.

That is why I think that it is possible to break $420.. but getting less and less likely. $420 was broken only a few times.. and we got down to $418-ish... Anyhow, $400 has not been tested yet.. so presumptuous for anyone to be suggesting that $400 tested several times...

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

jonoiv

hero member

Activity: 966

Merit: 526

🐺Dogs for President🐺

Quote from: shmadz on April 05, 2014, 05:47:30 PM

Quote from: jonoiv on April 05, 2014, 05:31:08 PM

Quote from: fonzie on April 05, 2014, 05:11:15 PM

Quote from: chessnut on April 05, 2014, 05:08:48 PM

it's sneaking up like nobody noticed.

That trendline formed a lil wedge.

Did you switch to Bitstamp now that your upwards support line on Huobi has been broken?

Nice try!

Now that second chart, looks extremely bullish to me. I don't know the terms but this guy on youtube told me that the more times you test a resistance level, the more likely it is that you will break through...

My gut is still uncertain, we could see sub-400 easy, but my mind is made up.

Bitstamp is the most bullish at the moment. but the volume is less and less on each rise.

Thats why it's call a bear flag. when you reach the top the bulls are out of ammo.

OK coin and Huobi already broke out of support lines downwards.

TeeBone

sr. member

Activity: 502

Merit: 251

Quote from: JayJuanGee on April 05, 2014, 05:44:37 PM

Quote from: TeeBone on April 05, 2014, 05:37:57 PM

Quote from: podyx on April 05, 2014, 02:35:55 PM

Have we witnessed billyjoeallen go full retard?? (based on his last post)

Because he doesnt follow lock-step what the Hodl herd wants, and has the discipline to change views (even if short-term) after trial and error ? Im glad i dont follow your pack, or any pack for that matter, it's a liberating feeling Cool

There's NO mandate that you have to HODL... I resemble that statement, so much.... !!! You can also BUY, BUY, BUY. Either of them are good.

Yeh, yeh we've heard it a zillion times...buy, buy, buy....cheap, cheap, cheap...any coin is a cheap coin...it could be at 10K and bultards would be saying it's cheap. Fortunately, i was canny enough to block out the snake oil pitches, and get out at 600-950 after buying in at 125.

chessnut

legendary

Activity: 924

Merit: 1001

Yeah, hold has it's virtues, but when using leverage the ball game changes completely. It's a full time job managing a position on leverage. you need to be able to change with the market seamlessly, and always one eye on the exit. always have a plan B.

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

Quote from: jonoiv on April 05, 2014, 05:31:08 PM

Quote from: fonzie on April 05, 2014, 05:11:15 PM

Quote from: chessnut on April 05, 2014, 05:08:48 PM

it's sneaking up like nobody noticed.

That trendline formed a lil wedge.

Did you switch to Bitstamp now that your upwards support line on Huobi has been broken?

Nice try!

Now that ~~second chart~~ (err.. third chart I guess, the very bottom one), looks extremely bullish to me. I don't know the terms but this guy on youtube told me that the more times you test a resistance level, the more likely it is that you will break through...

My gut is still uncertain, we could see sub-400 easy, but my mind is made up.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: TeeBone on April 05, 2014, 05:37:57 PM

Quote from: podyx on April 05, 2014, 02:35:55 PM

Have we witnessed billyjoeallen go full retard?? (based on his last post)

Because he doesnt follow lock-step what the Hodl herd wants, and has the discipline to change views (even if short-term) after trial and error ? Im glad i dont follow your pack, or any pack for that matter, it's a liberating feeling Cool

There's NO mandate that you have to HODL... I resemble that statement, so much.... !!! You can also BUY, BUY, BUY. Either of them are good.

chessnut

legendary

Activity: 924

Merit: 1001

Quote from: JayJuanGee on April 05, 2014, 05:41:37 PM

Quote from: chessnut on April 05, 2014, 05:29:34 PM

Quote from: Davyd05 on April 05, 2014, 05:18:24 PM

I went to bed feeling I'd wake up to this price, starting to feeling safer as does the market. Monday could be make or break, as no bad news = continued recovery

yeah it feels like calm before the storm. although I closed some of my position just so I could get a good sleep.

You sleep better in BTC or in fiat?... need I ask? Cheesy

No sir. not at 400.... I slept in a bit of fiat at 750.

But I dont like sleeping with a leveraged long. especially in a stagnant market. there's no point in holding leverage when the market is indecisive.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: chessnut on April 05, 2014, 05:29:34 PM

Quote from: Davyd05 on April 05, 2014, 05:18:24 PM

I went to bed feeling I'd wake up to this price, starting to feeling safer as does the market. Monday could be make or break, as no bad news = continued recovery

yeah it feels like calm before the storm. although I closed some of my position just so I could get a good sleep.

You sleep better in BTC or in fiat?... need I ask? Cheesy

TeeBone

sr. member

Activity: 502

Merit: 251

Quote from: podyx on April 05, 2014, 02:35:55 PM

Have we witnessed billyjoeallen go full retard?? (based on his last post)

Because he doesnt follow lock-step what the Hodl herd wants, and has the discipline to change views (even if short-term) after trial and error ? Im glad i dont follow your pack, or any pack for that matter, it's a liberating feeling Cool

jonoiv

hero member

Activity: 966

Merit: 526

🐺Dogs for President🐺

Quote from: ?? on ??

WOW Jonolov, looks like you found a whole TWO points of coincidence there. good job!

why are you just making stuff up and spreading FUD ?

your lines are simply drawn to suit your agenda! the ones I drew are the actual support.

jonoiv

hero member

Activity: 966

Merit: 526

🐺Dogs for President🐺

Quote from: fonzie on April 05, 2014, 05:11:15 PM

Quote from: chessnut on April 05, 2014, 05:08:48 PM

it's sneaking up like nobody noticed.

That trendline formed a lil wedge.

Did you switch to Bitstamp now that your upwards support line on Huobi has been broken?

Nice try!

chessnut

legendary

Activity: 924

Merit: 1001

Quote from: Davyd05 on April 05, 2014, 05:18:24 PM

I went to bed feeling I'd wake up to this price, starting to feeling safer as does the market. Monday could be make or break, as no bad news = continued recovery

yeah it feels like calm before the storm. although I closed some of my position just so I could get a good sleep.

fonzie

hero member

Activity: 504

Merit: 500

Moderator

Quote from: podyx on April 05, 2014, 05:26:36 PM

Quote from: fonzie on April 05, 2014, 05:10:24 PM

If anyone wants to watch anything else besides these boring as fuck charts i can truly recommend this movie:

https://www.youtube.com/watch?v=1XlDp3DLHxc

this movie, quite frankly. looks like shit lol
is it honestly good?

It´s awesome. I love all Cronenberg movies.

Check out Spider oder Videodrome.

"In 2000, a poll done by The Village Voice of film critics listed Crash as the 35th Best Film of the 1990s, a similar poll done by Cahiers du cinéma placed it 8th[8] and in 2005 the staff of Total Film listed it at #21 on their list of the all-time greatest films.[9] In addition, Slant Magazine selected it as one of their "100 Essential Films".[10]

On At the Movies with Roger Ebert, director Martin Scorsese ranked Crash as the eighth best film of the decade."

podyx

legendary

Activity: 2338

Merit: 1035

Quote from: fonzie on April 05, 2014, 05:10:24 PM

If anyone wants to watch anything else besides these boring as fuck charts i can truly recommend this movie:

https://www.youtube.com/watch?v=1XlDp3DLHxc

this movie, quite frankly. looks like shit lol
is it honestly good?

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

Three green candle days on rapidly decreasing volume. This is pretty much the definition of a dead cat bounce. I want it to bounce just a little bit higher first.

fonzie

hero member

Activity: 504

Merit: 500

Moderator

Quote from: chessnut on April 05, 2014, 05:16:19 PM

Quote from: fonzie on April 05, 2014, 05:11:15 PM

Did you switch to Bitstamp now that your upwards support line on Huobi has been broken?

Funny guy. I am not binary, but this is an important break through.
I was nervous that the wedge was gonna break down, I even stated this in an earlier post, and then everyone said "ooh chessnut's changed his mind again" like tossers.

I´m just teasing you

. Lines don´t say much right now in my opionion. I don´t think anyone (beside inside whales) has a real clue when and in which direction this is going to break out.

Option A: Bull-trap to 480-490 and afterwards breakdown to 2xx$
Option B : Just like A without bull-trap
Cheesy

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: billyjoeallen on April 05, 2014, 04:57:37 PM

Quote from: JayJuanGee on April 05, 2014, 04:46:04 PM

Quote from: billyjoeallen on April 05, 2014, 03:01:30 PM

Quote from: ChrisML on April 05, 2014, 02:48:22 PM

Quote from: billyjoeallen on April 05, 2014, 02:38:25 PM

YES!!! someone finally bought it on bitfinex. Now quick, somebody dump so I can buy in back @ $447.

What about hodling like a BTC pro. And let the dumping behind us.

You had your chance a few times the last weeks.

Yeah, I held like a pro and saw my net worth plummet by two thirds. Whores are pros. They get fucked. So did I. If this little rally continues, you'll see a lot more of my coins in else's pockets and If I don't get the chance to buy them back cheaper, I'm tempted to walk away and spend the cash on coke and "pros".

Ok. I don't know what people do exactly or how they trade.. however, let's take some of the information that you already provided to us and then speculate a little.

Let's say for example that you bet wrong b/c you were betting that BTC prices would go to sub $400. Accordingly, you sold 100 BTC at $430.

From info you provided, we already know that your average BTC buy in price is less than $40. Therefore, your total buy in price for 100 BTC is $4,000, but your sell price is $43,000. You bet wrong, and the train leaves the station, and at some point you say, "shit, i better get on this train or I am going to be left when they get to the rocket liftoff." Therefore, you buy back in at $500 rather than $400. You are only able to buy 86 BTC with your $43,000 rather than 107.5 BTC at $400. You are still ahead by $39,000 with your initial investment, even though you could have been ahead by more.

In this hypothetical, you lost $4000, but the difference in what you could have gained is 21.5 BTC. Yet, that is part of the risk in taking chances. NO?

I know that I am speculating on the numbers, and maybe you bet 500BTC but the same theory applies - just multiply by 5. There is still a fairly decent chance that prices could reach $429 again before the weekend is up... ... maybe 40% chance?

That's pretty close, yes. $429 his weekend is more like a 15% chance, but over the next two weeks it's more like a 55% chance.

Again, we have somewhat opposing presumptions.

I am thinking that the chances are higher that we would hit $429 in the shorter term, and the more that time passes.. the more likely the train is going to leave the station never to return to these sub $500 prices.... except possibly a flash crash here or there or some other aberrations in downward price manipulation... When we start to get to some of these higher price platform territories... we NOT coming back... except maybe flashing.

Davyd05

hero member

Activity: 574

Merit: 500

Quote from: chessnut on April 05, 2014, 05:16:19 PM

Quote from: fonzie on April 05, 2014, 05:11:15 PM

Did you switch to Bitstamp now that your upwards support line on Huobi has been broken?

Funny guy. I am not binary, but this is an important break through.
I was nervous that the wedge was gonna break down, I even stated this in an earlier post, and then everyone said "ooh chessnut's changed his mind again" like tossers.

I went to bed feeling I'd wake up to this price, starting to feeling safer as does the market. Monday could be make or break, as no bad news = continued recovery

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28418. (Read 26607989 times)