The herd was buying because of the halvening coming soon.
As usual, do the opposite of what the herd does.
It doesn't work all the time but it works pretty damn well over the long term.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 8181. (Read 26711027 times)
March 12, 2020, 06:42:46 AM
March 12, 2020, 06:40:00 AM
Is it now officially open to say........... All TA is flawed most of the times? 
And always has been
So much arrogance in this thread, as usual.
The thing is, right now things are not clear, the action is too quick, there was a clear battle around the 6.4k support, technically it went below 6.4k but the down move didn't consolidate (yet).
TA is crystal clear my friends:
-major resistance at 10.5k
-major support at 6.4k
Now if tomorrow Bitcoin is under 6.4k this means the trend has been consolidated and bitcoin is done for the year. By that I mean 4k before the end of the year.
You can laugh, couldn't care less, been used to it now in this place. But I am confident Bitcoin price will go under 5k like I've been saying here for months, and this is based on TA only.
Best of luck anyway
Please show us how and when TA predicted an alleged worldwide health pandemic which caused the markets to crash?
Weekly chart and consolidation triangle(s) were very clear on this.
March 12, 2020, 06:38:56 AM
Is it now officially open to say........... All TA is flawed most of the times?
And always has been
So much arrogance in this thread, as usual.
The thing is, right now things are not clear, the action is too quick, there was a clear battle around the 6.4k support, technically it went below 6.4k but the down move didn't consolidate (yet).
TA is crystal clear my friends:
-major resistance at 10.5k
-major support at 6.4k
Now if tomorrow Bitcoin is under 6.4k this means the trend has been consolidated and bitcoin is done for the year. By that I mean 4k before the end of the year.
You can laugh, couldn't care less, been used to it now in this place. But I am confident Bitcoin price will go under 5k like I've been saying here for months, and this is based on TA only.
Best of luck anyway
Please show us how and when TA predicted an alleged worldwide health pandemic which caused the markets to crash?
There is no correlation to the virus. If there was a correlation with the virus, February wouldn't have been a very good month.
In January the virus was already here, in February Bitcoin price went from 9k area to 10.5k.
Now you are telling me some outside news can explain why 10.5k got rejected? Sorry but this doesn't make any sense.
A few weeks ago I was reading here and there that Bitcoin was doing well, while the stock market was doing bad, everyone seemed happy about the fact that the virus didn't affect Bitcoin. But now the opinion changed?
Truth is, the rejection at 10.5k was brutal and explained this move. I confess I never expected a move to 6.4k that fast, but we got there anyway.
By the way, posted on Feb 27 https://bitcointalksearch.org/topic/m.53921213
March 12, 2020, 06:34:08 AM
Is it now officially open to say........... All TA is flawed most of the times?
And always has been
So much arrogance in this thread, as usual.
The thing is, right now things are not clear, the action is too quick, there was a clear battle around the 6.4k support, technically it went below 6.4k but the down move didn't consolidate (yet).
TA is crystal clear my friends:
-major resistance at 10.5k
-major support at 6.4k
Now if tomorrow Bitcoin is under 6.4k this means the trend has been consolidated and bitcoin is done for the year. By that I mean 4k before the end of the year.
You can laugh, couldn't care less, been used to it now in this place. But I am confident Bitcoin price will go under 5k like I've been saying here for months, and this is based on TA only.
Best of luck anyway
Please show us how and when TA predicted an alleged worldwide health pandemic which caused the markets to crash?
March 12, 2020, 06:33:18 AM
MASTERLUC SENDS HIS REGARDS
This is actually a little similar to what I predicted in December last year.
I was expecting a pretty stable year for most of the year, I mean price between 7.5k to 9k for a while, then between 6k to 7k... nothing crazy. Today is an anomaly.
I am actually confident Bitcoin price will bounce back to 8k area but the truth is, Bitcoin was never in a uptrend, especially since it failed to break above 10.5k.
March 12, 2020, 06:29:22 AM
Some people are gonna wake up and will need to look twice I guess
March 12, 2020, 06:28:30 AM
Is it now officially open to say........... All TA is flawed most of the times?
And always has been
So much arrogance in this thread, as usual.
The thing is, right now things are not clear, the action is too quick, there was a clear battle around the 6.4k support, technically it went below 6.4k but the down move didn't consolidate (yet).
TA is crystal clear my friends:
-major resistance at 10.5k
-major support at 6.4k
Now if tomorrow Bitcoin is under 6.4k this means the trend has been consolidated and bitcoin is done for the year. By that I mean 4k before the end of the year.
You can laugh, couldn't care less, been used to it now in this place. But I am confident Bitcoin price will go under 5k like I've been saying here for months, and this is based on TA only.
Best of luck anyway
March 12, 2020, 06:28:06 AM
There goes all hope for ATH this year.
Only for those who were expecting a new ATH this year
However, it is more realistic that the new ATH will only happen next year, if the history is repeated in same way as was the case for last two halvings. The current situation is the result of a general panic and pandemic worldwide, everything is on the decline and BTC is no exception. The only question is how low the world economy can sink, because if it was at all a question of whether there would be new recession, COVID-19 opened its doors wide and 2008 is repeated. This will be real test for BTC, weak hands will sell, BTC death will be declared again - I wouldn't be surprised if anyone thought halving would be delayed as everything else...
March 12, 2020, 06:26:20 AM
MASTERLUC SENDS HIS REGARDS
March 12, 2020, 06:23:51 AM
Cmon am I the only one who thinks this Corona is some invention of evil forces to justify the coming crash/financial crisis? Now it's so easy for the blameworthy to point their fingers to the Virus. It's all such a huge sad joke. They kill people just to save their asses! And the 99.9% still sleeps and watches what these super elite does to humanity. Insane!
Not at all. It was invented by the chinese. March 12, 2020, 06:23:22 AM
crypt scam? Is the Titanic drowning? 
March 12, 2020, 06:21:46 AM
After the worldwide market sell offs over the last couple of days, and more to come today in all likelihood, there's going to be a lot of cash out there looking for a home. Not all of it is going into gold. Got to hope that some of it finds it's way into btc.
Indeed, but first that cash also has to stay in it.... not been taken out ...
March 12, 2020, 06:20:39 AM
Sent $5k to the exchange. Waiting it to arrive. FIAT reserves started to go low.
edit: bought from $6500
edit: bought from $6500
Still got $60k+ left in bank account
Cmon send it to 4k now bitchezedit: I am in the double digits club now. Yay.
March 12, 2020, 06:20:34 AM
WTF. Can't sell on deribit
March 12, 2020, 06:20:27 AM
There goes all hope for ATH this year.
So a fast drop is possible, a fast pump isn't?? Weird to look at it.
March 12, 2020, 06:16:48 AM
Thinking of putting $xx,xxx into corn today, I always say you need to keep spare fiat in your bank incase of emergency but this seems too good to miss out on.
Just throw it in already! Imagine your not at a casino table and take the chance
This is not financial advise!
March 12, 2020, 06:15:40 AM
volume just keeps getting bigger on the 15min timescale
March 12, 2020, 06:15:13 AM
Wow, what a ride! Took another piece under 6K, feels nice getting more for the dollars. Time to lower the DCA
March 12, 2020, 06:13:54 AM
Sent $5k to the exchange. Waiting it to arrive. FIAT reserves started to go low.
edit: bought from $6500
edit: bought from $6500
March 12, 2020, 06:13:26 AM
After the worldwide market sell offs over the last couple of days, and more to come today in all likelihood, there's going to be a lot of cash out there looking for a home. Not all of it is going into gold. Got to hope that some of it finds it's way into btc.
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