Topic: Wall Observer: BTC/USD Price Tracking and Discussion 2.0 (Unmoderated) - page 4. (Read 12066 times)

I bought most of my silver at six bux and change. I'm happy to sit on it. Was a fun ride when it went up to $50. Felt like a bucking bronco at the time. Of course, Bitcoin is volatility of a different magnitude


Who's Andrew Maguire? (Sorry - just don't know). Also a little puzzled about his terminology of 'physically backed'. Sounds like another form of paper to me.

Thanks for posting that, I'll take a look.  

Btw I'm sure you are aware, PMs are onsale! Not sure about gold but silver looks like it's hitting historical lows, perhaps starting to put in a bottom soon. Was watching the live silver chart last night and saw the massive spike down (margin call? capitulation?) to $14-ish and change.

Andrew Maguire rumors: https://twitter.com/andrewmaguire1/status/882613019041308674

Meanwhile, bitcoin still trending sideways within its pennant. Would need to breach below ~$2460 to break to the downside, so as long as we bounce upward from there it should stay within the triangle.

I don't look at charts. I can hardly even see. Was there a chart that predicted ICO mania and the run up to $2900 based to some extent on ETH hype?

The current month and a half long, as I see it, bullish pennant must surely be resolved soon. If there is a significant drop, (which I am not expecting by the way), at what price point, or time period would it be considered a valid sign for a reversal? Or do you need further confirmations after?

It is not a bad thing to attempt to learn and to better understand the thinking of others when it comes to trading or understanding trading patterns... which will also assist us to make better attempts at predicting BTC's price direction - short or longer term.

The four posted market configurations assume that the trend is kind of your friend and you keep going with the trend - however, at the same time, at some point, there is going to be a longer frame reversal of the trend, whether that is short, medium or long term.

When you enter really long term, you might not want to get caught up on these shorter term price directions, especially if you consider the long term to be UP....

There are a lot of us, who would not mind scoring a few more bitcoin, if we had any kind of certainty regarding shorter term price directions... I certainly have difficulties making any big moves in anticipation of whether we are at the top bottom or middle of some kind of wave.

I continue to find it quite amazing that we seem to be experiencing a pretty long period of seemingly unprecedented plateauing of the price of bitcoin.. it's like we have six months of renewed ATH prices and any correction has kept us in the bull market and within fairly reasonable and easy striking distance of testing of a new ATH...

No trick question. The obvious four others are where the exit is in the reverse direction of the entry.

Though I mostly posted to ensure I was flagged when new content appeared in this thread. So far superior to the other pretenders to the WO throne.

Is this a trick question? 

Or can we just guess randomly and assign names to possible outcomes?

Diversification good. I've still not abandoned my pre-Bitcoin goldbuggish ways.

At the risk of setting r0ach off on another blathering 'worthless crypto' rant, I'll leave this rather interesting article here.

http://www.plata.com.mx/Mplata/articulos/articlesFilt.asp?fiidarticulo=312

Skip the intro pleasantries, and page down to 'Silver and the Great Future of Mexico'.

What would the four obvious configurations that they did not diagram be called?

I agree and disagree.
Looks like although you're fluent in my native language (você fala português, não é?) you take for granted every millennial behaves like an USA-born millennial. I believe the distaste for corruption and poverty brought by many nations' politicians is in higher levels around the world than in USA. Our traditional example is Venezuela (last weeks events speak by themselves, or did you miss the helicopter sending grenades to the official buildings?). Also some politicians in Brasil and Argentina are facing justice problems for the first time in history, as corruption never sent anyone to jail here before. It can be explained mainly because millennials sharing what they think around social networks, message apps, etc are putting much more pressure in public opinion, working with the fact many old-school politicians are ignorant to how technologies work and how their obscure business are being traced. These two factors (public opinion favorable and easiness to investigate dumb corrupts) give strength to intel police and Justice to work.

But I agree that appealing to guns and slaughter may not even be among the options. Bitcoin is an example of how to change the status quo without appealing to war. This generation may be developing an abstract intelligence on solving old problems the previous did not.

I typically just treat it as a place to go to that isn't to serious about how bitcoin is going
good or bad.
And just to have a chuckle at the posts once and while.

That sounds like a very good point. I am staring at people and their behaviour for years and I still cannot reduce that to a chart... . So the point will probably stay open until somewhere in August... . 

because they would ruin my price action analysis based on years of staring at charts and i would be disappointed

Why would we want them not to dump, if they want to pump, let 's say around July 20 ? 

I wonder how they'll transfer ownership of the thread, does the new administrator of the thread get Theymos to modify the first post or will the first post stay the first and Theymos modifies the title and author? Either way, it'll be good to not have to scrounge for information so much anymore. Can't belive how bad Speculation is without the Wall Observer, no matter how bad people claim it to be.

looks like the price is heading for minor breakout above 2550btce, 2650stamp, 2630 finex within next few hours. (at least price action is telling me..   )
[so please, local whales, no dumping now//]

You evil genius!

So is this thread which was created by admin and curator here pertaining to this particular thread?
https://bitcointalksearch.org/topic/wall-observer-new-ownership-2004227

Then who will take the reigns of this new Wall Observer thread!

Only One Thread to Rule Them All!

What a great way to anonymize coins traceable to your identity. Just make sure you use a machine that doesn't ask for ID.

Your coins get "sold" to an anonymous "buyer"... all within the privacy of your own home.

When you're done you find a merchant/restaurateur with whom to place the machine for further earnings.

 

You could buy one for your mate, and then rely on them to fill it up with coins.  Then they could set a normal fee.

It'd still be better than the crazy >7% that most of the places near me charge.