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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 9174. (Read 26715574 times)

legendary
Activity: 1652
Merit: 4393
Be a bank
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
Back to price analysis....

3.5 month parabolic run at the initial stages of breaking down  Shocked

https://www.tradingview.com/x/PtdtsMU7/


And what should we expect from this?

Parabolic breaks almost always lead to

1) Strong retracements back (~85% - 60% if I recall, don't have the stats in front of me atm)

2) Macro trend reversals (think of bitcoin run ups and what happens, like after btc hit $20k)

Yeah, but we have already had our 85% correction down to $3,122.  Remember December 2018?

We are getting another 60% to 85% correction from the $13,880?  That makes hardly any sense.

Now if you were talking about a 60% to 85% correction from some kind of new ATH or something like that, then you might be starting to make some senses.  Perhaps?

In other words, the impression that I am getting is that you are one of those loonies or shills who are spreading disingenuous pie in the sky thinking rather than attempting to grapple with on-the-ground BTC price dynamic realities.
legendary
Activity: 1722
Merit: 2213
Current Weekly outlook: TD Sequential 9 currently up for grabs this week, haven't seen one of these since April 2019 and July 2018.
Full moon didn't do sh*t to decide, hoping this week can define a direction for the following weeks/months.
Looking at three potential scenarios long-term, as shown by A (bullish TD 9), B (wedge breakdown) and C ("bullish TD 9).

Part 9: TD Sequential 9 Next Week To Decide Direction?
..


Source: TradingView, October 20th 2019

Next week looks set for a bullish TD Sequential 9 on the Weekly chart that hasn't been seen since July 2018. Back then this led to a 40% increase in the price of Bitcoin followed by 4 months of consolidation. This scenario is labeled "A". Extrapolation C is the inverse of the "bearish" TD 9 in April 2019 that led to a continuation of the bull trend. Hence, C is labeled as the "bullish" TD 9 but would be the most bearish scenario. Scenario B is the extrapolation of the 2018 wedge breakdown, as documented in Part 1 of the Bitcoin repeating history series.

The two year vpvr "average price" is referenced as a key level to break (and close) above at $8376.



I am not sure if I understand the overall proposition, of the above.

Shouldn't three possible scenarios be something more closely resembling: 1) Up 2) down or 3) flat?

How could you have proposed three possible scenarios that are: 1) Up 2) down or 3) up?   Confusioning!!!

Updated the quote, highlighted the relevant scenario. The "bearish" TD 9 in April was bullish af basically, hence if the opposite occurred the "bullish" TD 9 could be bearish af.
Obviously anything could happen, like another 8 different scenarios that somewhat overlap. I just like my comparisons to see that this current price movement isn't that unique at all.
Hope that it explains it, not very good at explaining these things. Only making drawings really.
This wasn't meant to tell you where the price is going, but potentially why, same as Part 8.
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
Back to price analysis....

3.5 month parabolic run at the initial stages of breaking down  Shocked

https://www.tradingview.com/x/PtdtsMU7/


And what should we expect from this?

Doesn't look good.  

legendary
Activity: 2800
Merit: 2736
Farewell LEO: o_e_l_e_o
got you fam
Thanks brother.

Culture?  Is that what they call pump and dump scammers now.
Nocoiners, stay away 🤪
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
Current Weekly outlook: TD Sequential 9 currently up for grabs this week, haven't seen one of these since April 2019 and July 2018.
Full moon didn't do sh*t to decide, hoping this week can define a direction for the following weeks/months.
Looking at three potential scenarios long-term, as shown by A (bullish TD 9), B (wedge breakdown) and C ("bullish TD 9).

Part 9: TD Sequential 9 Next Week To Decide Direction?
..


Source: TradingView, October 20th 2019


I am not sure if I understand the overall proposition, of the above.

Shouldn't three possible scenarios be something more closely resembling: 1) Up 2) down or 3) flat?

How could you have proposed three possible scenarios that are: 1) Up 2) down or 3) up?   Confusioning!!!
sr. member
Activity: 924
Merit: 311
#TheGoyimKnow
Lying Jeff Berwick has been pitching Acapulco as an anarchist utopia for years. I guess it could be, in an ultra-realism kind of way, since it's 100% controlled by homicidal drug cartels.

https://www.wired.com/story/anarchy-bitcoin-and-murder-in-mexico/

That article seems more of a derision against Mexicans than Berwick.  It's not really hard to understand.  Winters and cold climates require more ingenuity to survive so natural selection doesn't entirely select for violent psychopaths who can beat everyone else up.  It requires people who can actually think to not die.  The hotter climates are then perpetual 10 year old school bully environments.  Most of Europe gets cold, China gets cold, Japan gets cold, Korea gets cold, Russia gets cold, and everywhere else is full of cavemen.

Italy gets colder than Greece and the Romans surpassed the Greeks.  Iran seems to get colder than most other Islamic areas and they seem to be more advanced as well.
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
Who the fuck you calling goyim? Fuck off with that offensive shit. After all we've done for you.

Oh?  I thought "goyim" was a term of endearment.  Maybe I am miss understanding dee retarded evil little quasi-irrelevant roachie more than I had previously believed?  Go figure.
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"


I still think that we are still in a kind of late 2015 to early 2016 period... still waiting for the May 2016 breakout. 

We already had our October/November 2015 break out, and that was when we broke up to $13,880.  Of course, no two breakouts or chart patterns are going to look alike, but still Majormax, you should at least be attempting to compare the correct areas of the fractal.  AmiNOTrite?

Yes absolutely... Please show me which are the correct areas on that particular chart.

Unless I read your post incorrectly, I was only trying to suggest that your earlier comment seemed to have been suggesting that we are in an August 2017-like scenario currently.  So, I thought that was a wrong assumption.  Again, maybe I misunderstood your earlier post, but that was why I was trying to suggest that it seems that we are still in early 2016 - and I am not even trying to suggest where we go from here... except maybe up in the next few years ... without any real presumption about whether more correction might happen from where we are right now.
sr. member
Activity: 728
Merit: 317
nothing to see here
Day of Halloween are important for BTC

I don't believe you.

He's absolutely right.
cross total of halloween date is 5.
Read up on numerology.com:

Quote
The number 5 is the most dynamic and energetic of all the single-digit numbers. It is unpredictable, always in motion and constantly in need of change.

Conclusion: Business as usual.
jr. member
Activity: 42
Merit: 1
A bitcoins make a strong head move from here to 10,000 US dollar by coming end of this October in the day of Halloween. Day of Halloween are important for BTC
legendary
Activity: 2464
Merit: 1145
Look at the monthly and hope we are bottoming out until eoy around 7200 with maybe a wick in the 6ks.

Else we gonna visit 200 wma :S
legendary
Activity: 2702
Merit: 2053
Free spirit
A new frontier = new challenges
hero member
Activity: 2464
Merit: 877
Don't know about the rest of the forum but 9 people surely look BTC in a very optimistic way thinking that it would reach 20k until 5 oct. They might be either the ones who bought at 19k Grin and still waiting for that price or the Mcafee supporters.  Cheesy

hero member
Activity: 2114
Merit: 619
Poll reset


Don't know about the rest of the forum but 9 people surely look BTC in a very optimistic way thinking that it would reach 20k until 5 oct. They might be either the ones who bought at 19k Grin and still waiting for that price or the Mcafee supporters.  Cheesy
legendary
Activity: 2660
Merit: 2868
Shitcoin Minimalist
legendary
Activity: 2660
Merit: 2868
Shitcoin Minimalist
I liked Jeff Berwick too, until he got too close to Roger Ver and became an all-out bcasher.

I'm not sure how he hasn't figured out anarchy isn't a real 'thing', although Elwar hasn't either.  If you advocate for the complete abolition of government, all you get is some Liberian cannibal warlord strongman stepping in and taking over, then you have another new government you didn't want that's even worse than the one before.  Anarchy is nothing but an extremely brief, transitory state.  People don't adopt it due to the saying "the devil you know is better than the one you don't."

As for libertardianism, it's not really possible to practice libertardianism in a closed ecosystem, which is what the earth is.  You would need an ever expanding frontier to homestead on to do that.  Without an ever expanding frontier, you have a closed ecosystem, caged deathmatch where people constantly band together to avoid being exploited by the local psychopaths or the ones down the street, then you have government.  An ever expanding frontier does exist - it's called space, which may or may not be accessible by humans.  

Lying Jeff Berwick has been pitching Acapulco as an anarchist utopia for years. I guess it could be, in an ultra-realism kind of way, since it's 100% controlled by homicidal drug cartels.

https://www.wired.com/story/anarchy-bitcoin-and-murder-in-mexico/
legendary
Activity: 2758
Merit: 13660
BTC + Crossfit, living life.

I want to believe, but will refuse to believe until I see the money.

HOLDing firm until at least $15k (thanks to you guys, again, for bearing my first-world-problem waffling previously) before I start to think about things and stuff.

via Imgflip Meme Generator
legendary
Activity: 3388
Merit: 4775
diamond-handed zealot

Man I ran out of sMerits. Can someone sent his guy some merit for me please?

Thanks

got you fam
sr. member
Activity: 924
Merit: 311
#TheGoyimKnow
I got your point now what to do with this culture we built

Culture?  Is that what they call pump and dump scammers now.
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