Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7619. (Read 26720865 times)

Creepy. I like it. All it needs to complete is little round glasses.

It's not a fad. It's a comfortable old garment. Like an old sock.

Damn. And Rickards told me to short _Avis_. Oh well.

Some - a - us old codgers get Globb0's reference.

Lowering the standards such that dead horses may be included in the specification.

FTW

...or something.

Any collectors in here?

Here's a rare badge, 42 mm high and 24 mm wide, from the Swedish War Hospital in London on Paddington Street 16-18, during the great war 1914-1918.
It was worn by the staff there. Ends soon.
https://www.tradera.com/item/292201/398906820/wwi-the-swedish-war-hospital-london-1914-1918?transactionalEmail=wishlist-reminder&utm_source=wishlist-reminder&utm_medium=email&utm_campaign=transactional_wishlist-reminder&utm_nooverride=1

Thanks for the reply.

I'm not really looking for a price target in terms of a pull back. My thoughts are more about seeking a probably 'bottom' in technical indicators. While TA is generally not lauded in this thread, I do think technical indicators can give indications of tops/bottoms. It's all about finding probable setups.

They ain't the truth. As long as the outcome is more than 50% in the right direction, you are leaving the area of 'gambling' and moving into the area of 'calculated bets'.

I see technical indicators declining. For example, this is RSI on the 12h chart:



This could mean two things:

• loading up for another leg up
• worsening technicals leading to a large(r) drop

While I hope for the first, the second cannot be ruled out.

Now, if we would get a punch down with the indicators I mentioned dropping in the downside area's, this would strengthen the idea that the downward move is done for now (the latest correction in this uptrend has occurred). Without this move happening, I'm in limbo whether we are looking at worsening technicals or just technicals blowing off steam for reloading.

TL;DR: It's not about price targets, but wanting more confirmation of being at a bottom (medium term).

I hope this clarifies    

I disagree with this analysis.

There is a gap at 9.7k, it means it's possible we go back to 9.7k because of this gap, but it won't reverse the bearish trend. What would likely reverse the downtrend is breaking above 10.5k.

Anyway, in my opinion going back to 9.7k is unlikely at this stage, but possible. Most likely scenario is to see 9.4k again and then Bitcoin price goes below 9k again, this time with no coming back (in 2020). This is the most likely move. Bulls are clearly missing firepower at the moment and as soon as we visit 7k again, many who bought into the halvening (no pun intended) will capitulate.

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+1 WOsMerit


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declining volume and tight ranges usually leads to volatility    dyor


lion looks over rise, teeth showing..ready for next bull run
D

stronkhats

https://twitter.com/kerooke/status/1264209500304805890

So thoughtful of you Jay, you can fuck right off now.

When I want advise from a lifeless retarded chat bot - with a purpose - I'll make sure to let you know.
Until then, try not to kill us with your nonsense walls of text.

Deflation first, then hyperinflation.

Hi guys, something has happened?
7 post since yesterday of my last post, the seasoning of the Pizza hurt them?

Mashinsky is disappointed that we all don't rush and give all our btc to him to 'lend' out, lol.
What are the chances that either blockfi or celsius kicks the bucket eventually?
I say 50:50 within 10 years (my guesstimate from the abnormally high interest yield).

the afternoon wall report

continued testing of support/resistance around the 0.382   #dyor


boot to cats ass
1h



keep climbing to next pool 
4h

#stronghands

Thanks for posting this article, but after reading it I feel like Alex Mashinsky either still doesn't get it, or is like preaching to the choir. He also doesn't offer up any solutions of his own, only listing the current state issues.

He talks a lot of shit about the community not "being proactive enough" in gaining mainstream adoption but I mean, where the hell has he been for the last 10 years? What does he personally plan to do about it today?


Uh, gee, thanks Captain Obvious? No shit, like that hasn't been the goal all along.  

Me either dude, me either.

$8,800 from a couple of days ago would not be a proper pullback?  

We also had a dip to $8,109 two weeks ago, so it is not like BTC prices have been rocketing upwards in recent weeks, but instead just seeming to bounce around within a kind of range ... (a broad range, but still a range), which comes off as a kind of consolidation, right?

Hypothetically, what would be a proper pullback?  Would we need to go as low as $7k or even lower - $6k?  

Personally, I am not sure why a "pullback" is necessary since we had a pretty deep pullback from around the $10.5ks in mid February to the $7ks on March 11 and then to $3,850 on March 12.  We need more than that?  Maybe a double bottom or some other kind of reconfirmation that buying support is keeping up with our current price?

If we zoom out even more broadly, couldn't the extreme $3,850 of March 12th serve as a kind of double bottom from the $3,124 in December 2018?  Probably March 12 was a bit much, but still, it gave a lot of buying opportunities for those who were considering that we were not going to see sub $6k again.. There were quite a few considering that the odds for seeing sub $6k were becoming pretty low, and then we saw it on March 12.. and then took nearly two weeks to get back above $6k in a kind of recovery from that extreme dip on March 12.  



I hate to say it, too.    I have experienced a decent amount of being wrong in my ongoing preferences against down, but even if I have a preference against going down, there is not a lot that I can do about such preference.  If going down happens, then it happens, and mostly what I do is just buy whatever amount that I feel comfortable that I can buy.  

So, yeah, I have admitted that I have a preference against going down, and I even have a preference against speculating about going down, even though sometimes we might need to do such down speculation.

Likely many of us have seen that bearwhales are not really ready to allow bitcoin prices to go up until they know for sure that there is no more juice that they can squeeze out of the turnip.   And, maybe also, if there is just too many sentiments that we are going to go up, then that does not cause enough fuel for actually going up, and it creates fuel for down, based on theories that the forcing of margins are better fuel when they go against the sentiment...

And, surely, bearwhales have to be forced kicking and screaming on the way up, otherwise they are not going to willingly cooperate in letting the BTC price go up and they are not going to make matters easy for all the plebs to become more richie from this novel paradigm shifting asset class.


By the way:  Any of you remember memorial day weekend 2016?  Yes.. memorial day weekend 2016 was prehalvening (the second halvening), and this memorial day weekend (4 years later) comes after our most recent halvening (third halvening).

 As I recall, just prior to the 2016 memorial day weekend, there were a quite a few quasi-disgruntled folks in bitcoinlandia... They were disgruntled about the bitcoin price having had gone down into the mid-$100s and had gotten stuck in the $200s for almost a whole year (in 2015), and through the first 5 months of 2016, there were some doubts about whether the October/November 2015 pumpening up to $500 was a real reflection of BTC fundamentals or whether BTC prices were going to ever break above $500 again.  

I don't consider myself as part of the May 2016 disgruntled, but surely, i was experiencing some doubts about bitcoin pumpamentals (reappropriating that open source term from scammer Richard Heart.. hahahahaha) and kind of shell-shocked from being beaten-down so much through 2014, 2015 and even early 2016.

Maybe that is the feeling that you, Wekkel, speculate that BTC HOLDers need to be experiencing in order to be truly ready for a proper BTC price breakening UPwards?  

I am not sure if that kind of doubtful feeling is necessary, yet I know that there are different bitcoin financialization tools that are currently available as compared to 2016 and surely the macro-environment is never going to be exactly the same when taking one period of time (2016) and comparing it to another period (now).  

Nonetheless, I do recall my own feelings during memorial day weekend 2016.. and it was a pretty strong kind of feeling to see the BTC price to shoot above $500 and to largely never to return below that $500 price.  Sure there were some times of uncertainty in 2016 and even in early 2017, but even the Bitfinex hack in early August did not meaningfully bring BTC prices back below $500, and the threats of revisiting sub-$500 in about March 2017 did not even come close to becoming true and ended up NOT even having $900 materially breached.

So even though during the 2016 memorial day weekend BTC price rise, none of us could have known that sub $500 would never be seen again the solidly breaking back above $500 came as a kind of relieving "I told you so" sentiment for a decent number of then HODLers, including yours truly.

To add: the red block is around $9,400-9,500.

I hate to say it but a proper pull back would be good for fuelling the $10k rocket.

the food or the pixelated counterfeit hat?