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Topic: Wall Observer Reloaded - Bitcoin price tracking & discussion - page 2. (Read 2212 times)

legendary
Activity: 1806
Merit: 1164
Bitcoin price action loves to form triangles, we see it over and over again. If not for the uncertainty in the market due to Aug 1 I really think bitcoin  would be over $3300 now. The question is which way will price break out of that triangle: up or down? If I knew the answer I would be taking a position with leverage. But I don't of course, as does anyone. If price breaks up we will either have a fake out, or traders will likely bid the price up to a new all time high.
full member
Activity: 294
Merit: 103
Oh, thx, I guess I was doing something wrong.

So we could still have some sideways inside the triangule and even some downtrend up to 2400 without breaking it?

I wouldn't be surprised if that's what happen until the segwit2x issue is absolutely clear how it will go.

I agree and this looks to be exactly what's going on by now.
legendary
Activity: 1862
Merit: 1530
Self made HODLER ✓
Oh, thx, I guess I was doing something wrong.

So we could still have some sideways inside the triangule and even some downtrend up to 2400 without breaking it?

I wouldn't be surprised if that's what happen until the segwit2x issue is absolutely clear how it will go.
legendary
Activity: 1806
Merit: 1164
$2600 is the number to watch at Bitstamp. The following chart shows that price is close to breaking out the upper trend line of a triangle that has been forming.



I have a question. Why did you choose the 6h chart for drawing the triangle? I mean... with other timeframes the triangule and its levels changes a lot. Why do you chose 6h chart?

Triangle is the same on other time frames. Here is the one day chart:

legendary
Activity: 1862
Merit: 1530
Self made HODLER ✓
$2600 is the number to watch at Bitstamp. The following chart shows that price is close to breaking out the upper trend line of a triangle that has been forming.



I have a question. Why did you choose the 6h chart for drawing the triangle? I mean... with other timeframes the triangule and its levels changes a lot. Why do you chose 6h chart?
full member
Activity: 294
Merit: 103
It's IMPOSSIBLE to stand with the other one.
Just because there had 90+ posts OP Meuh is already playing the Mad King.
I've got 6 deleted posts!!!
2 were on-topic. 3 were complaints about the 2 deleted and 1 I guess was fair because the meme did not fit the image size rules (although the size rules were only disclosed later).
legendary
Activity: 1862
Merit: 1530
Self made HODLER ✓
And this is exactly why I fear so much Hard Forks in Bitcoin. Except in this case all these threads are forks that left the previous blockchain behind.

Let's see how this evolves and which one reflects better the spirit of the real WO.
full member
Activity: 294
Merit: 103
Hope this one flourishes.
A little moderation might be needed but not the way Meuh is doing, indiscriminately deleting on-topic posts like he did to me.
sr. member
Activity: 704
Merit: 270
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legendary
Activity: 1806
Merit: 1164
$2600 is the number to watch at Bitstamp. The following chart shows that price is close to breaking out the upper trend line of a triangle that has been forming.



Everyone has heard of the trouble Ether has had the past week. Note that the following chart shows that market share of Ether is declining lately, while Bitcoin share is on the rise.

legendary
Activity: 1806
Merit: 1164
I made this thread non moderated because people were already complaining about the moderation at the new (redirected from old) Wall Observer thread. It lacks the spirit of the original thread. I think free speech is more important. After all if someone makes a post you do not like just add him or her to your ignore list.
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
Will the network effect of the other fork win out, or is this thread's title more appeasing? Stay Tuned !
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
That was pretty much what caused the last thread to die, and there is already a wall observer thread that has replaced the old one with more people on it. Nice try though. If anything, new wall observer threads MUST be moderated.

I agree. As long as Adam moderated his thread it flourished. It was when his account was hacked and then frozen that it started to go downhill and became such a pain to the forum moderators that they eventually chose to lock it.

I like the way Meuh seems to be handling his new wall observer thread.

I do prefer this thread's title though, except maybe it should mention BTC/USD.

I also think it's very important that any new wall observer thread should be in the speculation folder and not hidden away in the off-topic folder.
hero member
Activity: 1792
Merit: 534
Leading Crypto Sports Betting & Casino Platform
I definitely prefer this to the new self-moderated one, but the main reason that the old Wall Observer thread was locked seems to be the strain on moderators to remove a lot of off-topic posts in a thread which is not moderated properly by the OP.  I don't see it as likely that this thread will last long if we keep posting off-topic stuff on it.

Could always move it to off-topic if we need to, but I don't get why theymos is against this thread.  It's just kind of a free thread for any vaguely price-related discussion.  IMO moderation should just about skip this thread unless it's something specific (e.g. begging).
legendary
Activity: 1624
Merit: 1130
Bitcoin FTW!
That was pretty much what caused the last thread to die, and there is already a wall observer thread that has replaced the old one with more people on it. Nice try though. If anything, new wall observer threads MUST be moderated.
legendary
Activity: 1806
Merit: 1164
Hoping to continue on in the spirit of the original Wall Observer thread. Not moderated. Up to the community if this thread succeeds or not.
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