Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Good morning WO!
Observing @ $7,346
Are we going bullish?
Observing @ $7,346
Are we going bullish?
As long as we stay below $8.200 in january, i'd be bearish (short term).
And if we go above, would your guess then still be the same on that game??
This is a good question. To be true, i am bearish atm (fully since 11/2019), until after the halvening. That's why i decided to prepare for $5-$6k zones around end of Q1/2020.
If the price breaks the upper boundary of the downtrend channel, within january respectively (around $8.2k), i'd likely change my sentiment and i would have to admit that i chose the wrong bet for April 1st. Which would be the same "mistake" like in the last Q4 game, just the other way round.
EDIT: Why?
Because i was wrong too many times in the last two years, just because i didn't wait for confirmation of various buy or sell signals.
I am interested in your "edit" comment at the end bolded above. Do you really believe that there is such a thing as "buy"/"sell" signals? Wouldn't we be MOAR richie if we knew about such purported signals? Surely, after the fact we know all kinds of fucking things about the existence of such 20/20 hindsight buy/sell signals, but I doubt that they are so damned clear while in the midst of the process that any of us are going to transition into MOAR richie rather than MOAR poor for our gambling upon such bullshit purported signals.
Good luck with playing around with your purported "buy"/"sell" signals...., this time is different....
Makrospex, since you're a noob, let me inform you that your main problem right now is not whether you're interpreting TA correctly or not, it's whether there's an overwhelming amount of people all on the same side of the trade. In that case, the only way the price can go up is if Bitcoin is a government backed scam. Which it seems to be, so you might be in luck.
EXACTLY, roach!!!!!!!
The whole fucking world is against you, and that is why you refuse to buy back all the BTC that you sold in the $700 price arena.
By the time that you figure out that it is better to buy BTC rather than to continue to complain about its inevitable UPness, grandma surely won't be feeding you cookies and milk any longer (in her basement... should go without saying).