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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28511. (Read 26709752 times)

newbie
Activity: 45
Merit: 0

Yeah... maybe less than 1/3 end up on exchanges in any given day... and likely miners will be acting strategically concerning when they will sell... Sure panic sells are possible and selling out of necessity is also possible.

Thank you for not shouting.
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
Guys, nobody would be happier if I am wrong than I would be. It's extremely likely we'll either go sideways for a long time or down. If we go down, $400 support will be tested and may or may not hold. 3600 coins mined per day on top of Chinese arbitragers constantly buying on Huobi, and selling on Stamp. There's simply too much liquidity to soak up without a strategic retreat in price.

It's a great time to buy if you don't mind waiting months or years to see a significant profit, but a rocket ride up past $500 before April 15 is delusional, unless there's possibly a spike that immediately crashes back down. Bitfinex walls keep moving, but the Bitstamp wall is staying solid and immovable at $400.


What makes you think the 3600 coins mined everyday end up on exchanges? I'm sure many of these are from miners who believe in the long term potential of Bitcoin, and won't sell at these low prices.

Yeah... maybe less than 1/3 end up on exchanges in any given day... and likely miners will be acting strategically concerning when they will sell... Sure panic sells are possible and selling out of necessity is also possible.
hero member
Activity: 560
Merit: 500
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
Guys, nobody would be happier if I am wrong than I would be. It's extremely likely we'll either go sideways for a long time or down. If we go down, $400 support will be tested and may or may not hold. 3600 coins mined per day on top of Chinese arbitragers constantly buying on Huobi, and selling on Stamp. There's simply too much liquidity to soak up without a strategic retreat in price.

It's a great time to buy if you don't mind waiting months or years to see a significant profit, but a rocket ride up past $500 before April 15 is delusional, unless there's possibly a spike that immediately crashes back down. Bitfinex walls keep moving, but the Bitstamp wall is staying solid and immovable at $400.


Your recent solution was that we sell and buy back again at $400 - which seems quite a ridiculous plan... and more ridiculous when we come to realize your ultimate motive in this thread is to get other people to do things that may NOT be in their economic interest, either short or long term... hodl and buy if you can, is a much better strategy.

legendary
Activity: 2156
Merit: 1070
A straight up fat red dildo to 2400 or below would not even surprise me at this point. Not one bit.

Until there is some serious buying i am prepared for everything.

If we go below 2620 then a fairly quick retracement towards 2400 will probably happen. However, I think we want to go a little higher first.
hero member
Activity: 812
Merit: 1000
A straight up fat red dildo to 2400 or below would not even surprise me at this point. Not one bit.

Until there is some serious buying i am prepared for everything.
hero member
Activity: 560
Merit: 500
He's still there.  Patiently waiting...  until you fall asleep.

lol, sneaky bastard...
hero member
Activity: 910
Merit: 1003
Now the market is waiting for official confirmation that the China situation is still uncertain.  Wink
legendary
Activity: 1470
Merit: 1007

He's still there.

Patiently waiting...

until you fall asleep.


legendary
Activity: 1008
Merit: 1003
WePower.red
slight trend reversal this morning...glad to see there is a little growing buy support today

Haven't you heard? It's a bull trap. The bears on this forum confirmed it.

If this is a permanent reversal, why are there literally less bid sums on BFX to 400 than there was when I went to bed last night and the price was 424?

It looks to me like there was a big buyer on Bitstamp and panic buying on BFX based on the comment by Houbi.

Bitfinex orderbook should not be a measure.
hero member
Activity: 560
Merit: 500
A fond farewell to bears. Train is leaving without you.

legendary
Activity: 1470
Merit: 1007
What a useless discussion. MACD is a momentum based indicator, comparably laggier than other indicators in the same class, and it is useless, probably dangerous if looked at in isolation (i.e. if your strategy is *purely* based on the signals it gives, especially if the time frame is low like 4h), but is a very useful tool as part of a larger set of indicators that inform your decisions.
legendary
Activity: 1148
Merit: 1001
things you own end up owning you
So... are we still in a bull trap or will this go to the moon already?

Next 8h~ will tell, wonder how 4h macD will form

Pointing out my ignorance again, I don't understand the meaning of "4h macD". Could you please clarify? Huge thanks!

Its a largely low % indicator that a lot of people want to use as if its a high % indicator resulting in a large % of losing trades.

Thats not really true, it actually works somewhat well on decent intervals (combining with other factors obliviously)

MACD is a lagging indicator, it helps understanding the market direction, it works but not all of the time...

Not all of the time. Right. It's about as reliable as throwing a dice.

well, I can prove that I made good profits out of that MACD so it is certainly incomparable to gambling...


Edit: BTW, are you holding since April last year? that must hurt right ?
legendary
Activity: 2660
Merit: 2868
Shitcoin Minimalist
why why why do poeple dump on the pump wall  Cry

This might be the highest price we see for a while.
hero member
Activity: 952
Merit: 502
SAPG Pre-Sale Live on Uniswap!
why why why do poeple dump on the pump wall  Cry
sell lower, buy higher  Grin
hero member
Activity: 672
Merit: 500
So... are we still in a bull trap or will this go to the moon already?

Next 8h~ will tell, wonder how 4h macD will form

Pointing out my ignorance again, I don't understand the meaning of "4h macD". Could you please clarify? Huge thanks!

Its a largely low % indicator that a lot of people want to use as if its a high % indicator resulting in a large % of losing trades.

Thats not really true, it actually works somewhat well on decent intervals (combining with other factors obliviously)

MACD is a lagging indicator, it helps understanding the market direction, it works but not all of the time...

Not all of the time. Right. It's about as reliable as throwing a dice.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
why why why do poeple dump on the pump wall  Cry
legendary
Activity: 2156
Merit: 1070
So... are we still in a bull trap or will this go to the moon already?

Next 8h~ will tell, wonder how 4h macD will form

Pointing out my ignorance again, I don't understand the meaning of "4h macD". Could you please clarify? Huge thanks!

Its a largely low % indicator that a lot of people want to use as if its a high % indicator resulting in a large % of losing trades.

Thats not really true, it actually works somewhat well on decent intervals (combining with other factors obliviously)

Fair enough, but in a market like this one, with a lot of uncertainty, the 4 hour MACD is a whipsaw. I wouldn't trade with it.
legendary
Activity: 1148
Merit: 1001
things you own end up owning you
So... are we still in a bull trap or will this go to the moon already?

Next 8h~ will tell, wonder how 4h macD will form

Pointing out my ignorance again, I don't understand the meaning of "4h macD". Could you please clarify? Huge thanks!

Its a largely low % indicator that a lot of people want to use as if its a high % indicator resulting in a large % of losing trades.

Thats not really true, it actually works somewhat well on decent intervals (combining with other factors obliviously)

MACD is a lagging indicator, it helps understanding the market direction, it works but not all of the time...
hero member
Activity: 812
Merit: 1000
So... are we still in a bull trap or will this go to the moon already?

Next 8h~ will tell, wonder how 4h macD will form

Pointing out my ignorance again, I don't understand the meaning of "4h macD". Could you please clarify? Huge thanks!

Its a largely low % indicator that a lot of people want to use as if its a high % indicator resulting in a large % of losing trades.

Thats not really true, it actually works somewhat well on decent intervals (combining with other factors obliviously)
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