Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7435. (Read 26582967 times)

newbie
Activity: 12
Merit: 3
This was a great time in the history of Bitcoin. You people should like what happens over the next few months.
legendary
Activity: 4354
Merit: 3614
what is this "brake pedal" you speak of?
observing ~9.4k USD. it will do. for now,

better than the 8ks a bit ago. unless im hallucinating again.. but the MDs assured me that those hallucinations would stop after a while.
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
Definitely. I miss the days of $2k pumps every morning  Cheesy

It’ll be $5,000 - $10,000 daily pumps at the absolute peak of this bull run IF things work out like they should.
hero member
Activity: 1011
Merit: 721
Decentralize everything
We're going to have THE PUMP every day now, right?  Roll Eyes

I could live with that

Definitely. I miss the days of $2k pumps every morning  Cheesy
legendary
Activity: 2716
Merit: 13505
BTC + Crossfit, living life.
We're going to have THE PUMP every day now, right?  Roll Eyes

I could live with that
legendary
Activity: 2140
Merit: 1628
We choose to go to the moon
We're going to have THE PUMP every day now, right?  Roll Eyes
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
Meantime looks like Bitcoin is doing well today. About time to see 10k+



$11,000+ excites me, feels a long time since we touched those lofty heights.
legendary
Activity: 3164
Merit: 2258
I fix broken miners. And make holes in teeth :-)
Meantime looks like Bitcoin is doing well today. About time to see 10k+

legendary
Activity: 3164
Merit: 2258
I fix broken miners. And make holes in teeth :-)
- Carnage happening in Brazil due to Jair Bolsonaro misplaced policy, 2 health ministers already resigned.
What's this about specifically?

Sao paulo digging 13.000 graves to cover all those corpses, people die in their own blood because they don't have ventilators.

Massgraves appears all over they country.




Ooooh. I remember working on this stuff with other countries. The soccer fields turned into graves were pretty interesting to spot next to the little burned huts.

Reality exists. Oh well.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
It's weird how complicated people like to make shit. People have been talking about Elliot waves and bitcoin since I started here in 2013. Buy now, sell now, definitely this is what the future holds. Sounds fucking stressful if you ask me. Plus a recipe to end up with 0 bitcoin. I'm sure there are people out there that have made a killing, survivorship bias and all that. Maybe even a couple know what the fuck they are talking about. Still stressful.

With btc the KISS principle has always worked out pretty fucking well, and will continue to do so as far as I can see.

Buy bitcoin. Only sell if you absolutely have to. Like a loved one needs a kidney, or the bank is coming to repossess your house or some shit. In bear markets don't look at the price. Sometimes for years. Chill the fuck out. Don't think you are smarter than you really are, sure as fuck don't think you are smarter than the chaos that is bitcoin price movements.

Buy bitcoin. Don't stress. Don't sell. Don't be greedystupid.

If every chart producing oracle that has come and gone from these pages had done that, there would be a lot more rich forum members. Your charts, models and fancy theories will send you broke. I'll still be here. Once I forgot my password for 3 years. Thank god for JohnTheRipper.

Buy bitcoin. Chill the fuck out.

Great ideas, except the part about forgetting your password(s).  With bitcoin, and the power (and responsibility of being your own bank), you gotta stay active enough, at least, to check your passwords from time to time, even if it is just a couple times a year.
sr. member
Activity: 541
Merit: 362
Rules not Rulers
It's weird how complicated people like to make shit. People have been talking about Elliot waves and bitcoin since I started here in 2013. Buy now, sell now, definitely this is what the future holds. Sounds fucking stressful if you ask me. Plus a recipe to end up with 0 bitcoin. I'm sure there are people out there that have made a killing, survivorship bias and all that. Maybe even a couple know what the fuck they are talking about. Still stressful.

With btc the KISS principle has always worked out pretty fucking well, and will continue to do so as far as I can see.

Buy bitcoin. Only sell if you absolutely have to. Like a loved one needs a kidney, or the bank is coming to repossess your house or some shit. In bear markets don't look at the price. Sometimes for years. Chill the fuck out. Don't think you are smarter than you really are, sure as fuck don't think you are smarter than the chaos that is bitcoin price movements.

Buy bitcoin. Don't stress. Don't sell. Don't be greedystupid.

If every chart producing oracle that has come and gone from these pages had done that, there would be a lot more rich forum members. Your charts, models and fancy theories will send you broke. I'll still be here. Once I forgot my password for 3 years. Thank god for JohnTheRipper.

Buy bitcoin. Chill the fuck out.

legendary
Activity: 4354
Merit: 3614
what is this "brake pedal" you speak of?
@UltraXBT
Quote
Imagine just buying spot bitcoin and calmly sitting down and having a relaxing cup of coffee
[...]

good thing i love my coffee then. i drink so much coffee a day an MD i worked with told me if i ever stopped cold turkey i might have a seizure. i never could get him to admit if he were joking or not.
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
@UltraXBT
Quote
Imagine just buying spot bitcoin and calmly sitting down and having a relaxing cup of coffee

Instead you leverage trade the chop zone until you are homeless

legendary
Activity: 2140
Merit: 1628
We choose to go to the moon
I am pretty sure that the picture is much different if you take a longer time horizon and then you start them out at the same place on that longer time horizon.

In other words, it is not worth it to beat yourself up over either BTC's underperformance or correlation with stocks on the short term... even though it is still interesting to see, it is not reflective of the BIGGER picture, either in terms of from where bitcoin has come or where it is likely to go - relative to stocks.

Yeah, at the previuos graph (the one with the gold) the starting point was January 2019, and clearly there was no correllation in 2019.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
@UltraXBT
Quote
Imagine just buying spot bitcoin and calmly sitting down and having a relaxing cup of coffee

Instead you leverage trade the chop zone until you are homeless

That tends to be one of the perils of trying to trade before your position is profitable.

In other words, if you spend enough time accumulating BTC, then you are going to be in profits and ahead of the trade.

So one of the secrets is getting ahead of the trade so that the price is coming to you.

For example, if I spent the past three years dollar cost averaging into bitcoin, my average  cost per BTC would be $6k, so if i had invested $60k, I would have 10BTC.

So if I want to trade, maybe I would be trading with less than 1BTC.. but not even all of it at once, so maybe it would take me all the way to nearly $20k by the time that I sold that BTC, and if the price goes down, then i could buy back with the proceeds (supplemented by DCA, if I am doing DCA).  

In other words, I have to think through the consequences of trading any portion of that BTC, so if the BTC price ends up doubling and I do not get any BTC back, would I be willing to live with a situation in which I might only have 9 BTC at $20k, rather than the 10BTC that I have right now?  My personal approach is that if I am not able to be ok. with only having 9BTC at $20k, then i better not be selling on the way up.. otherwise, if I am o.k. with that scenario, then I am prepared for the consequences of my selling on the way up actions.

Oh by the way.. .leveraging is another story.  Just say NO to that shit.  You will thank me (and apparently UltraXBT via V8) later.

Bears are still in control, bulls are sweating  Kiss

There is a last attempt of a bullish run but clearly to kill some shorts that have been placed too low. 9.4k today or tomorrow is likely, maybe 9.8k but after that it will bloody for the bulls. By using the Elliott Waves theory once can easily see we reached our top for 2020, but perhaps October-November will be the best opportunity of a lifetime to buy Bitcoin at a cheap price. If we have a double bottom at 3.1k end of the year, I will clearly turn bullish for the years to come!




Best of luck  Tongue

We've already had our double bottom - DEC'18, MAR'20 - in parallel alike, prior to the 2016 halving.

But please, suit yourself, WO would love to see you FOMO-in @$15k.

You are giving that dweeb too much benefit of the doubt.  He's not likely to "FOMO in" until about $60k or maybe a bit higher than that.
legendary
Activity: 2140
Merit: 1628
We choose to go to the moon
member
Activity: 450
Merit: 59
Bears are still in control, bulls are sweating  Kiss

There is a last attempt of a bullish run but clearly to kill some shorts that have been placed too low. 9.4k today or tomorrow is likely, maybe 9.8k but after that it will bloody for the bulls. By using the Elliott Waves theory once can easily see we reached our top for 2020, but perhaps October-November will be the best opportunity of a lifetime to buy Bitcoin at a cheap price. If we make a double bottom at 3.1k end of the year, I will clearly turn bullish for the years to come!




Best of luck  Tongue

Although your "desired" (?) trend line is downwards, the market went up in the last ~24h. Not much, but still.. let's be honest and admit that the bears are sweating too  Wink

Surely a bit of a stretch to consider bears in control in these times, but hey dreamers are gonna dream.   Wink Wink

Indeed my friend, "in control" may not be the best word to describe the situation but you get the idea. I will be a bull when I need to be but not now, there are enough signals in the charts for a big crash coming in 1 or 2 weeks once May closes under 9.4k. This should be quite devastating and it is better to be prepared.


@nutildah: usually don't care about this kind of news to be honest, but thanks for posting Tongue
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
Bears are still in control, bulls are sweating  Kiss

There is a last attempt of a bullish run but clearly to kill some shorts that have been placed too low. 9.4k today or tomorrow is likely, maybe 9.8k but after that it will bloody for the bulls. By using the Elliott Waves theory once can easily see we reached our top for 2020, but perhaps October-November will be the best opportunity of a lifetime to buy Bitcoin at a cheap price. If we make a double bottom at 3.1k end of the year, I will clearly turn bullish for the years to come!




Best of luck  Tongue

Although your "desired" (?) trend line is downwards, the market went up in the last ~24h. Not much, but still.. let's be honest and admit that the bears are sweating too  Wink

Surely a bit of a stretch to consider bears in control in these times, but hey dreamers are gonna dream.   Wink Wink
hero member
Activity: 1011
Merit: 721
Decentralize everything
Went to grab some breakfast and suddenly BTC is up $200

legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
Damn stocks!



I am pretty sure that the picture is much different if you take a longer time horizon and then you start them out at the same place on that longer time horizon.

In other words, it is not worth it to beat yourself up over either BTC's underperformance or correlation with stocks on the short term... even though it is still interesting to see, it is not reflective of the BIGGER picture, either in terms of from where bitcoin has come or where it is likely to go - relative to stocks.
Jump to: