Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 8972. (Read 26610386 times)

Bitcoin - The lies! Learn to get the truth out of the charts




The death cross is here to claim its victim. You can look at a chart and not get much out of it or you can truly try to get the truth behind what the whales and algos want you to believe. You will be extremely successful once you can see the true intention of the market beyond the lie that it is trying to convince you of.

The fact is that we needed a reset to a great "Buy" zone, at least that's the only way I am jumping in. I am a client at 7K or $4500. Your best bet is to continue to sit and wait. Our strategy is to find a low risk / high reward opportunities and milk it. The two opportunities that I see right now are marked with bright green X's on the chart.

DONT FORGET TO FOLLOW ME AND HIT THE LIKE BUTTON.

WHAT WAS HAPPENING THIS WEEK?
BTC was trying to fool you. You always want to find those little battlegrounds to see which side has the momentum, YOU HAVE TO DIG THE TRUTH OUT OF THE CHART. Right now the bears have it, it shows in that it is easier to go down than up. At this point, BTC has to be pumped up constantly and if not, it starts to range and then falls. Rewind to yesterday, the chart below shows the 6H timeframe and that triangle showed that after ranging sideways for a while BTC was going to fall. It's had a tough time going back over the 50MA so the signs of this big drop were there even though we were looking at a bull flag . I want you to pay attention here: The whales/Algos whatever you want to call them were printing a perfect bull flag (which for those that believe chart patterns it means we are going up), and I guarantee you that a lot of traders fell for it. Just as this flag was in the process of printing it was obvious that we were going down, why? because a reset is needed before we move up, and the next move up will be very strong so it needs a big dip before it happens. So what's next for BTC? It will take a rest at around $8500.



So as simple as I can put it, what were the signs that this bull flag was a trap?
1 We are under a Death Cross
2 We are on a secondary downtrend
3 We have not made a higher high in a long time
4 Volume is down
5 We are in the middle of nowhere, it makes little sense to take off from here

We are even under a death cross on the Crypto Total Market Cap




When would it be a good time to jump in? Very simple.
If we hit complete bottom (Mother of all buy zones)
If we hit the Optimal buy zone
If we exit the downward channel .

THE TREND: Going Down, we have not made a new higher high
THE OUTLOOK: Expected to go down, surprising if it goes up.
BE SAFE AND FOLLOW ME TO BECOME PROFITABLE AND STAY AHEAD OF THE CURVE.

from source: https://www.tradingview.com/chart/BTCUSDT/znSa6n84-Bitcoin-The-lies-Learn-to-get-the-truth-out-of-the-charts/

^. Peace brother.
How did you assume that? And pass me the joint whilst you're at it.

So you are asking us to move our coins to those shit exchanges and convert them to a shitcoin and then wait for a movement so that we can sell those shitcoins and make some profit?
No thank you, I have been there several times 😜

HOLD!!!

Weekend dump or weekend pump? What will it be?

I say it's Vegeta time. Again.



* This is *NOT* financial advice. I have an almost 50% chance of being completely wrong. DYOR.

Good afternoon WO!
Observing @ $8,846

lol, I will come back later to visit Peter Schiff Twitter account with a screenshot of his Twitter picture. at least in the next few months, I have done this before to the people closest to me and I am embarrassing my friend when he has to watch on all TV discussing the price of bitcoin in 2017 then in my country, see it later

Not to be a wet blanket here, but that stunt is quite actually pretty standard. Every trainee exercices multiple times on this even before getting their flight license.
So quite dramatic, yes. Dangerous, no.

fillippone enjoy the banter

ignore me you 2, am just being a -fill in the swear word-
we know of course raja will never see it so it's FINE

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https://twitter.com/GizaDog/status/1192820086261919749

the lengths people r going to  

Damn you v8

Yeah, apologies, that post was totally a duplicate of a post I missed a few rows above.
Removed.
Double post of S2F, not sure what you are speaking of.

This thread moving so fast, of my head is moving so fast, I often cannot accurately monitor what's has been posted yet or If I already posted: more than one time I had to check several time because a post I though it was days back, it was only hours earlier.

Sorry for that.
thanks for pointing out.

f.

...And a new competitor enters the race there with raw posting an offering he describes as new and promising lol. Will he catch up with the real professionals like fillipponne with his cheeky same page repost from last night of raja news, or his not one but two reposts of V8 stock2flow related blablah over the past couple weeks, or indeed raja himself who has quietly built up a rep for himself as a master of this general game you, some of you, seem to like to play of not reading the thread, pretending it's a good thread and posting already discussed to death or decidedly uninteresting material in the vain hope of scoring a merit, looking clever, or being liked?

well I'll be d++++d. Would you mind not cussing in this august thread, people come here to post important T and F A, not see your unedited Tourette's spew

That's new and sounds promising..

How Bitcoin’s Lightning Can Be Used for Private Messaging




Argument

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Damn you v8

Yes, that's an interesting irony.  Peter Schiff is and always has been, a well respected gold permabull cheerleader.  He will be seen to be correct now and again, but as far as he views BTC, it detracts from his main asset, and he will take every opportunity to talk the bear case.

Biases aside, that is a very bad long term chart (technically, having marked out a high  at 19500 , hard resistance at 13500 and then even more sharply at 10500 : 3 descending tops), as I said at the time. Any chartist worth their salt would be calling a long decline. If it was a stock, it would be a 'short to zero'.   

It is well established on this board that we ignore classic chart signals because BTC is 'different', but if Peter Schiff is to properly adhere to his own disciplines, he is consistent and correct.

I agree with your think BTCbitcoin bubble everyday increased BTCbitcoin system BTCbitcoin not only a coin it is a future diamond in the world.

OK, back to this.


The only reason you are correct here is because he was analyzing the wrong set of blocks, which you didn't know until right now. The fuckup happened in a block previous to 600,000 -- read below.


It is glaringly a dispositive. During the previous 10,000 block period there were exactly 6 penalty transactions totaling 0.09746883 BTC. It is less than 1/10th of 1 BTC -- not just "less than 1 BTC." A penalty transaction has distinct characteristics:


So far none of the 400 nodes connected to him reported receiving any funds. What is more likely is he has the funds, can't access them, and they are far fewer than 4 BTC in total.


There are LN experts working pretty hard to help this guy recover his funds.

https://github.com/lightningnetwork/lnd/issues/2468

It seems like this guy did everything wrong on purpose. Its hard to believe someone would crash through several safeguards so recklessly if he cared at all about his BTC. My bet is when his funds are restored it will surface that the total "lost" was far less than 4 BTC.

Remember that bitcoin has been accused, accused and accused of being in a bubble, too.

Historically bitcoin's bubble has evolved like this:




What a fantasy that you have.  You are an ugly fuck.

Guess this is Toddlers way after fork to more than 21mio?

 

Funny how much hopium is built into such a guy that has been pumping his bitcoin is going to zero nonsense since before I had even gotten into bitcoin.  He does say that he gets a decent amount of attention for his gold pumpening interactions with the bitcoin community.

Another funny thing is that he frequently says that he should have gotten into bitcoin at $10, when he first heard about it, while following up by saying that "now it is too late" blah blah blah.   He has been saying that a lot, and for some reason he seems to continue to fail/refuse to recognize the irony of such an ongoingly dumb statement.