Quote from: mikeywith on November 01, 2019, 06:27:59 PM

Quote from: bitzizzix on October 31, 2019, 06:32:13 PM

I am increasingly optimistic about seeing OP and all the posts here about increasing bitcoin to reach $ 20,000 and hopefully becoming a reality.

That should be more of a concern to be honest, when the majority agree on one direction, price usually does the opposite Huh

I'd say sentiment is fairly mixed. There's quite a lot of confusion over whether we're in a bear or bull market. Some point to the daily death cross and say last week's rally was a temporary short squeeze. Others believe it was a Wyckoff spring or bear trap scenario and we're now continuing the bull market from earlier this year.

Quote from: mikeywith on November 01, 2019, 06:27:59 PM

Quote from: Darooghe on November 01, 2019, 01:15:24 PM

People will be selling for tax purposes. There will be crash to $7,000 until end of the year. Minimum will be at Dec 20. For 2020

How does this make any sense ? why haven't this theory applied in 2017 where price kept going up during year end, same thing goes for 2016, tax volume won't be large enough to change a trend direction, let alone the fact that not everybody does actually pay any tax.

Agreed there, the tax theory is dumb. It's not well founded historically but everybody repeats it every year anyway.

Also not sure about others, but Americans need to make quarterly estimated tax payments on capital gains. I've already made 3 tax payments this year to cover my trading income. There is no "everybody dumps at the same time for taxes" event.

Quote from: mikeywith on November 01, 2019, 06:27:59 PM

There is a good amount of analysis in the WO thread, but they get buried beneath all the B.S and the memes, that's why I don't usually post there and I like to have my own topic/s , this way I am able to view other traders' idea clearly, I don't usually update my analysis since most of them are on the weekly and monthly frame so it takes a few weeks / months for something to actually happen. welcome by the way.

The Wall Observer moves too fast for me. Any TA is bumped off the last page within minutes.

I started my own thread recently as well: https://bitcointalk.org/index.php?topic=5196072