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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
The Poll in here is the best indicator you'll get in this thread. Only when actually more people think we will be going down, we can go up.
So... this is a suckers rally
So... this is a suckers rally
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
We'll face resistance now.
Likely short lived though.
From here it's either down fast and soon with next stop 3,3k or up to 10,2k in about a week. Upside more likely.
Likely short lived though.
From here it's either down fast and soon with next stop 3,3k or up to 10,2k in about a week. Upside more likely.
And the next resistance back up should be around 9,2k. Still going with the 10k timeline. The 3k3 scenario is mostly ruled out until the next hit of 10k.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
We'll face resistance now.
Likely short lived though.
From here it's either down fast and soon with next stop 3,3k or up to 10,2k in about a week. Upside more likely.
Edit:
To all of you who are retiring right now and have Money to throw around, SSI could always use some donations.
Likely short lived though.
From here it's either down fast and soon with next stop 3,3k or up to 10,2k in about a week. Upside more likely.
Edit:
To all of you who are retiring right now and have Money to throw around, SSI could always use some donations.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
1. Goto here: https://www.c-span.org/video/?c4713250/cryptocurrency
2. Move the slider to 01:20:30
Listen to what the chairman of the CFTC says about Bitcoin/blockchain tech.
Amazing !
Sounds like the keynisian-utopia/dystopia
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
everybody dies trap
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Give me a break, store of value, ha. Bitcoin is about getting the fuck out of a corrupt system that enriches the rich by taking from the poor. Bitcoin's value is an escape from that system and its injustice, end of story. If it happens to go up to an incredible $ amount, making it a store of value, so be it.
The system is fucked, throughout history it has always been fucked. Now, for the first time ever, the common people have an escape from that system. In 10 years time when current amount of bankers fiat has increased 5 million times, Bitcoin will be there. It will be priced high because not being in the system will be worth it.
Shit, your meant to be a legendary member. You should understand this.
The system is fucked, throughout history it has always been fucked. Now, for the first time ever, the common people have an escape from that system. In 10 years time when current amount of bankers fiat has increased 5 million times, Bitcoin will be there. It will be priced high because not being in the system will be worth it.
Shit, your meant to be a legendary member. You should understand this.
Lol, bitcoin isn't an escape for the poor. The only escape for you would be to obtain a skill, that is special and needed enough, so people will pay you good money for your work. If you have done that, then you can educate yourself further on how to become an entrepreneur and how to use your knowledge to build a team, that can solve even more problems then you could solve alone.
This isn't easy, but you can't beat Darwin. The poor will stay poor mostly if they are only looking for easy shortcuts to riches. They don't want to learn anything or do anything, they just want to become rich. Some people do win the lottery etc. but the cold hard math tells you that the majority of the "lottery hoping folks" will remain poor till the end of their life.
For instance, if you would be educated, then you would see that Bitcoin isn't the savior of the poor. At first, bitcoin value is deflationary, meaning that owning money creates more wealth for you. If you had any basic sense of finance, then you would know that this actually helps the rich, not the poor. Currently it is easy to make money if you have money, but with bitcoin it is even easier. If the currency you are holding is inflationary, then you have to use your money to start new projects and create new jobs, then your wealth also expands. If you do nothing but sit on your fat bank account, then your wealth will start to shrink. With bitcoin, the rich don't have to do anything but sit on their ass while watching their wealth to expand. And the poor, who don't have much to save up on their bank accounts and who work from salary to salary, won't get nearly as much benefit from this system.
found the Keynesian fuck
The theory isn't that bad. But implementations always lack a mechanism to increase inflation for large posessions. I don't think something like that would practically be possible without full knowledge of who owns what. But if you could achieve such an financial determinism you can enact the tax to end all taxes. Inflation tax. The larger you are the more you have to pay. Would have some serious benefits but you need a unified currency and full knowledge of every bit of wealth there is and where it is. Sounds like crypto to me, but not bitcoin without a serious amount of hardforks. So thats pretty utopian/dystopian, depending on your political vies.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Sorry, I am a noob. What does glade day mean?
Don't ask such obvious things.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Yes, it is not looking bad. But neither is it looking like we are finally out of the woods. Could be nothing but a glade.
Hello glade expert. I dont know wtf a glade is (an air freshener?) but you were right about it. Now can you tell us if the current chart is just another glade or is it the real deal?Being vague helps in staying right.
But from the charts I see that this bounce is considerably more meaningful than the last one (Feb 2).
The Feb 2 minibounce had no correlation with a previously established level on the way up.
The Jan 17 bouce had one for example, the dip at Nov 30.
Our current one correlates with Nov 13. In addition the rise in volume is considerable more natural than the one a few days back. The hard bend in volume hints at few big players. The current one looks more like a mass of people deciding it might be a good idea to get back in.
In addition the price rise before the Nov 13 correlation was a lot more "reasonable", as far as one can call anything in here "reasonable". Around the 6000$ range on the way up the real shenanigangs began.
In any case I expect the short term to unfold similar to the Jan 17 bounce. From here some more up. Up there we will see. But down our next real chance of stop would be 3300. I don't expect a drop that far though. People who went in at these price ranges and havn't cashed out by the time it hits those levels again will probably not cash out when it is there. At these price ranges we're well past the hype with BTC on tap and grandma buying the coin. So the selling pressure should be much less existencial.
Edit:
Looking at the bunch of CCMFs being posted while I wrote this my inner lizard says "down it goes"
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
This fuckers right here: https://www.bloomberg.com/news/articles/2018-02-02/bofa-to-decline-all-cryptocurrency-transactions-on-credit-cards
Understandable move and might turn out to be good in the mid-term (in a non-speculative way)
Since when banks decide what people can buy with their credit cards? Is bitcoin illegal?
It might be their credit card but it's still the banks money, even though I believe in Bitcoin and recommend investing to people I wouldn't give them my own money to do it.
Right on point. I only see a problem when they forbid to use a pre-paid credit-card for such a purpose. Though I don't know if something like that is a thing in the US.
It's rather common in Germany, but the mentality here is very different.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
This fuckers right here: https://www.bloomberg.com/news/articles/2018-02-02/bofa-to-decline-all-cryptocurrency-transactions-on-credit-cards
Understandable move and might turn out to be good in the mid-term (in a non-speculative way)
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
This is starting to look good.
It looks good? It looks like a giant pump and dump scam to any outside observer who isn't retarded. Now good old Scamfinex and their tethers are leading in price yet again and for some reason other exchanges follow it. Why exactly would an exchange that doesn't even have fiat withdrawals be the market maker? In any normal market, that exchange would be completely ignored no matter if the price was $0 or $1 trillion.
It seems like these people are desperate to try and convince people Scamfinex is somehow relevant; probably because that's China's entry point of BTC manipulation and without Scamfinex, China pump and dump manipulation using fiat that doesn't even exist is gone.
Well, the world is full of retards and as i cashed out what i wanted at 16k and got all my juicy coins for free, it's definitely a scam in my favor.
I can only gain money here, which makes a rollercoasterride so much more relaxed.
But this is why people flee things like the DOW in the first place, because it's a rigged "casino gulag". How long before people figure out this one is rigged even more so with a single entity on Bitfinex commonly known as "the Bitfinex spoofer" controlling price all the way from $200 to now. I mean look at him painting the tape off $7500 where the price went up over $1000 instantly.
When the entire buy and sell side is controlled by one guy 24/7 (which is how that price jump occurs), you're just in a brand new casino gulag. He's even more obvious than the US govt's plunge protection team. Then there's the fact that nobody even knows if he's using real money or not to do this (probably not - tethers).
This shit market is a house of mirrors where nobody knows a ballpark figure for what the real valuation is because every cent over $1000 might have all been one single scammer on a single exchange and his tether fraud.
Might all be true, but what do I care? It's nice when it goes up and interesting when it goes down. I have my share cashed out and I am in no way relying on any of the money that is in there. I get a nice salary every month and love my job and I am pretty sure my in depth math and engineering skills will not get useless anytime soon, not even with a big collaps. Well, parts actually but basic electronics won't get useless in our lifetime.
So this is all utter fun to me.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Now the question : what is different between yesterday and today? Or is it not yet completely over?
Look at a seven day chart, then you'll see what is different between today and yesterday.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
This is starting to look good.
It looks good? It looks like a giant pump and dump scam to any outside observer who isn't retarded. Now good old Scamfinex and their tethers are leading in price yet again and for some reason other exchanges follow it. Why exactly would an exchange that doesn't even have fiat withdrawals be the market maker? In any normal market, that exchange would be completely ignored no matter if the price was $0 or $1 trillion.
It seems like these people are desperate to try and convince people Scamfinex is somehow relevant; probably because that's China's entry point of BTC manipulation and without Scamfinex, China pump and dump manipulation using fiat that doesn't even exist is gone.
Well, the world is full of retards and as i cashed out what i wanted at 16k and got all my juicy coins for free, it's definitely a scam in my favor.
I can only gain money here, which makes a rollercoasterride so much more relaxed.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
This is starting to look good. A tad more volume would be nice but i guess I'm starting to believe this.
And that in return might not be so good after all
This might actually become a bullish doji-reversal indicator.
And that in return might not be so good after all
This might actually become a bullish doji-reversal indicator.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
After showing a step-by-step tutorial how to buy Ripple at $3+ now CNBC showing how to sell Ripple below $1..
LOL
https://i.imgur.com/VpVha0M.png
LOL
https://i.imgur.com/VpVha0M.png
That is actually delicious.
I don't like the term but this is a tutorial for sheeple.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Bingo!!
Actually we had the most vol on any 1 hour and 2 hour candles on both stamp and BFX since the ATH. Vol is good enough for this to be the bottom.
Or we go up to 9000+ on another 2billion volume.
That would be pretty clear as well.
Well, of course we need to see sustained green candles higher than red and some more green candles supported by vol. But it looks good enough so far.
Yes, it is not looking bad. But neither is it looking like we are finally out of the woods. Could be nothing but a glade.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Bingo!!
Actually we had the most vol on any 1 hour and 2 hour candles on both stamp and BFX since the ATH. Vol is good enough for this to be the bottom.
Or we go up to 9000+ on another 2billion volume.
That would be pretty clear as well.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
dildo is in
Not enough volume yetRe: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Bitcoin is unique in that most of the traders are tied into being in one of two positions - either btc or usd. There arent a bunch of other stocks and asset classes for them to trade. They're not leaving the market. They're staying on the bitcoin exchanges with an eagle eye on the chart and soon as there is a hint of a reversal they have to all pile back in at once because if theyre on the wrong side of the market then theyre losing and wasting their time on high risk exchanges.
Something which, with some goodwill, could be interpreted as bullish from Tera?
REVERSAL CONFIRMED!
Now I sniff the wiff a reversal in her opinion while I see more doom around.
I guess the cynical contrarian stance makes her a better trader than most around here.