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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6682. (Read 26724145 times)

OutOfMemory

legendary

Activity: 1708

Merit: 3439

Man who stares at charts (and stars, too...)

Quote from: OutOfMemory on December 14, 2020, 02:22:02 PM

I suggest some move coming up soon. triangle due to close @ $19.200.
traders and bots will see this.
So far buying pressure is low, so could go either way.

I am curious, watching until midnight GMT.

EDIT: I don't really like the flat RSI. How long could it stay like that?

EDIT2: Most likely: Observing boring sideways "action" until i fall asleep, only to wake up to 10+ new pages on WO to backread Roll Eyes

Bang!

EDIT: Volume too low, i guess.
Triangles and lines tend to work, because enough people believe them to work.

Biodom

legendary

Activity: 4004

Merit: 4656

Quote from: BobLawblaw on December 14, 2020, 05:14:50 PM

Calamari with special sauce, anyone ?

Thinking about the $100k party here.

Too much ?

Lol
usually you eat calamari, but at the 100K party calamari eats YOU. #nohomo

BobLawblaw

legendary

Activity: 1869

Merit: 5781

Neighborhood Shenanigans Dispenser

Calamari with special sauce, anyone ?

Thinking about the $100k party here.

Too much ?

serveria.com

legendary

Activity: 2492

Merit: 1230

Privacy Servers. Since 2009.

Quote from: Wekkel on December 14, 2020, 04:38:42 PM

All the best to Jeff Grin

Meanwhile, observing BTC@19,212. Who would have thought that after all those bearish TA graphs lately?

Honeybadger doesn't give a damn... Cool

Wekkel

legendary

Activity: 3122

Merit: 1538

yes

All the best to Jeff Grin

Meanwhile, observing BTC@19,212. Who would have thought that after all those bearish TA graphs lately?

OutOfMemory

legendary

Activity: 1708

Merit: 3439

Man who stares at charts (and stars, too...)

^ totally fits your avatar Cheesy

El duderino_

legendary

Activity: 2758

Merit: 13660

BTC + Crossfit, living life.

Phil_S

legendary

Activity: 2145

Merit: 1660

We choose to go to the moon

El duderino_

legendary

Activity: 2758

Merit: 13660

BTC + Crossfit, living life.

All best wishes for you DUDE

OutOfMemory

legendary

Activity: 1708

Merit: 3439

Man who stares at charts (and stars, too...)

Quote from: LFC_Bitcoin on December 14, 2020, 03:10:35 PM

Don’t be an absolute beta male like this guy ——->

[some snipped dude from titter]

HODL like an alpha!

Fiat is dumpster fire money, all in on bitcoin before this train leaves the station!

I'd say the train has already left the station, but it's still so slow that people are still able to jump on.

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

Don’t be an absolute beta male like this guy ——->

https://twitter.com/rockerest/status/91885405368098816?s=21

HODL like an alpha!

Fiat is dumpster fire money, all in on bitcoin before this train leaves the station!

OutOfMemory

legendary

Activity: 1708

Merit: 3439

Man who stares at charts (and stars, too...)

Quote from: JimboToronto on December 14, 2020, 02:51:09 PM

Quote from: True Myth on December 14, 2020, 12:50:23 PM

Quote from: AlcoHoDL on December 14, 2020, 11:53:31 AM

In my personal view, Bitcoin TA = Rolling a dice.

I prefer my magic 8 ball. I can shake it until I get the answer I want Cheesy

TA works like that too.

Keep drawing lines on a chart and sooner or later it will tell you what you want to hear.

TA works retrospectively. It can always only narrow down past "patterns" (how i hate this term) to n-x options.
One can also just see it like "it will go up, it will come down".

Few understand this.

Many believe to predict the future using TA, but this only works more often than not because a certain part of "the market" reacts to the same TA "signals" in a similar way, and also others, in contrast, adjust to that, too. Some try to find the perfect combination for buying, others use that for selling and vice versa.

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

Quote from: True Myth on December 14, 2020, 12:50:23 PM

Quote from: AlcoHoDL on December 14, 2020, 11:53:31 AM

In my personal view, Bitcoin TA = Rolling a dice.

I prefer my magic 8 ball. I can shake it until I get the answer I want Cheesy

TA works like that too.

Keep drawing lines on a chart and sooner or later it will tell you what you want to hear.

OutOfMemory

legendary

Activity: 1708

Merit: 3439

Man who stares at charts (and stars, too...)

Toxic2040

legendary

Activity: 1834

Merit: 4197

Quote from: 600watt on December 14, 2020, 07:04:22 AM

2017 ATH we only had 1 daily average above 19k and only 2 daily averages above 18k

this time we had so far 7 daily averages above 19k and 12 daily averages above 18k

that is 3 days during December 2017 in contrast to 19 days currently.

question to WO TA ~~experts~~:

does this still resemble a potential double top? are there rules on how many candles can be counted to form a double top? we have been up there only 3 days before, but now ist almost 3 weeks. can it be even compared?

#dyor
D

inverse patterns
1h

#stronghands

STT

legendary

Activity: 4172

Merit: 1462

Quote from: bitcoinPsycho on December 14, 2020, 12:30:50 PM

Anyone here knows the answer? Grin

She said the Olson twins Undecided

Bitcoin is still relatively obscure as a topic and in usage. Some people find that bullish but Im more encouraged when we are involving more of the population usefully.

Quote from: AlcoHoDL on December 14, 2020, 11:53:31 AM

I never analyze charts, not even those posted here in WO. The only predictions I can accept as useful, are those based on math & science

Thats what I studied, it is maths so far as I know but the conclusions can be poorly constructed. The best take on stats is keep it simple. Anything below weekly bars on a chart doesnt equate to random action but its closer to a game or bet to spot valid trades as they can disappear into insignificance easily. BTC moves on surprisingly large time frames seems like.

https://en.wikipedia.org/wiki/Fibonacci_number https://en.wikipedia.org/wiki/Blaise_Pascal#Probability

They are both hundreds to thousands of years old so observable and valid imo but do they apply to charts we draw up, does anyone have the skill to use them properly I wouldnt argue too much about.
Theres an argument if markets resemble a natural system to which probability could apply. The reason it is natural is because people are involved and our actions somehow repeat the nature of theories first drawn hundreds of years ago so theres some advantage in being aware of repeated actions.

Im boring but watch this short demo, consensus moves markets

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: soullyG on December 14, 2020, 12:36:00 PM

Quote from: LFC_Bitcoin on December 14, 2020, 12:22:44 PM

Casually stable-coining away at low $19,000’s. I’m starting to think we’ll see an explosive move north of $25,000 by the end of February 2021.

What do you think guys?

Spot on!

The ~7 week rise and slow stable march to meet the 20 week MA, is looking a lot like the one we had from ~$3k through $10k+, but the only difference is that this time we're at ATH and everyone is sitting watching it with their fingers on the triggers:

Who is going to be the last one to buy under $20k? Look at 27th July this year, don't let it be you on the wrong side of that candle Tongue

True Myth

full member

Activity: 324

Merit: 221

Quote from: AlcoHoDL on December 14, 2020, 11:53:31 AM

In my personal view, Bitcoin TA = Rolling a dice.

I prefer my magic 8 ball. I can shake it until I get the answer I want Cheesy

soullyG

hero member

Activity: 1011

Merit: 721

Decentralize everything

Quote from: LFC_Bitcoin on December 14, 2020, 12:22:44 PM

Casually stable-coining away at low $19,000’s. I’m starting to think we’ll see an explosive move north of $25,000 by the end of February 2021.

What do you think guys?

Who is going to be the last one to buy under $20k? Look at 27th July this year, don't let it be you on the wrong side of that candle Tongue

bitcoinPsycho

legendary

Activity: 2688

Merit: 2470

$120000 in 2024 Confirmed

UK quiz show "the chase" just now

Anyone here knows the answer? Grin

She said the Olson twins Undecided