Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[JayJuanGee]

Also, does anyone find it hilarious JayJuanGee's merit is higher than Elwars?  Isn't that proof the system is useless?  If you combine both of my accounts, mine is 1145 - also lower than his.  This is depressing.  Is JayJuanGee cheating and meriting himself?

To be honest I don't post that many things that are merit worthy....mostly just random BS that doesn't add much. With a few scattered useful posts for flavor.

And the only reason my merit is high is because I don't give out very many. And when I do it's usually one at a time.

You don't lose merit by giving out smerit.  You have an smerit bank that is separate from your merit that is listed under your username.. once you receive merits, that credits smerits to your smerit bank at 1/2 of the merits that you receive.   The merits are permanent, but the generated smerits can be spent and they do not really help to save them, except perhaps if you are just trying to budget them.     

As a Legendary member, your initial distribution bank of smerits would have been up to 200 smerits for initial distribution, depending on your activity level for the year preceding January 24 initial distribution of smerits.

[conspirosphere.tk]

BTC Trajectory to $11,700

https://www.tradingview.com/chart/BTCUSD/CrNivZxE-BTC-Trajectory-to-11-700/

[yonton]

BTC Trajectory to $11,700

https://www.tradingview.com/chart/BTCUSD/CrNivZxE-BTC-Trajectory-to-11-700/

Is that a Mirror Top?

[pacman7331]

So yall say we aren’t gonna see 6000?
Why did it fall from 7450 then after we went up from 6500?

[d_eddie]

With apologies, well, to all, we were riffing last night on what the Linnaean classification for certain terms might be.
Things are somewhat hazy, but I remember thus far

Capitulator ad ursos - weak hand
Adsiduus ad bellos - taxpayer
Emptor fomoensis - noob investor
Anima elota - rekt
Ferox tenator - hodler

May I add, singing along the same score,

Fautor sepum - hedger
Fautor neapecuniarum - shitcoin shill
Fautor tremens - very scared ("shitting bricks") bull
Fautor prudens - somewhat wary ("ginger") bull
Fautor tribuspictus - calico bull

Hm, ok, maybe the last one was a bit over the top.

[Icygreen]

Sorry to be missing the capitulation lately, been away enjoying life.
A friend just sent this to me and thought I'd leave it here.  Not that we should expect the same but I thought it was an interesting comparison.
HODL is still strong around these parts!

[HairyMaclairy]

Ideal bear trap



Hard to read so link to tweet here:  https://twitter.com/cryptoyoda1338/status/982475254579810305?s=21

[pacman7331]

Ideal bear trap



Hard to read so link to tweet here:  https://twitter.com/cryptoyoda1338/status/982475254579810305?s=21

Great. Lets go to the moon then. Where were u guys 3 days ago at 7450?

How many times we bouncing off 6500? 4 times now?

[Rosewater Foundation]

Great. Lets go to the moon then. Where were u guys 3 days ago at 7450?

[Jacques_Bittard]

I hope you guys remember to sell on the weekend pump. My guess is that the top will be at around 7100-7200$

[Rosewater Foundation]

I hope you guys remember to sell on the weekend pump. My guess is that the top will be at around 7100-7200$

Where were you at $19k when I needed you?!

[bitmover]

I hope you guys remember to sell on the weekend pump. My guess is that the top will be at around 7100-7200$

If I sell we will hit 20k again on Monday.

[Jacques_Bittard]

I hope you guys remember to sell on the weekend pump. My guess is that the top will be at around 7100-7200$

Where were you at $19k when I needed you?!

I think that you wouldn't have listened It was general knowledge that you sell during 2017 dec, because it was in a textbook bubble. Anything over 15k$ would have been a very good win and expectations for more was pure greed. Even selling at over 10k$ would have been a smart trade, and yes, even selling now is probably a smart trade.
I was here a month ago, when the price was at 10k$, and my recommendations to sell then weren't popular.
When people are driven by desire, then there is no point in reasoning with them.

[Jacques_Bittard]

I hope you guys remember to sell on the weekend pump. My guess is that the top will be at around 7100-7200$

If I sell we will hit 20k again on Monday.

Nah, that's just the feeling that every inexperienced trader gets in the start. They trade on emotion as the majority, so they lose together with this majority. This makes it seem like the market is specially after you. It's not after you, it's after the majority, what you can do is keep yourself distanced from that majority who is destined to lose.
And don't trade in single trades. Start selling a little piece at a time to lower the risk.

[bitmover]

I hope you guys remember to sell on the weekend pump. My guess is that the top will be at around 7100-7200$

If I sell we will hit 20k again on Monday.

Nah, that's just the feeling that every inexperienced trader gets in the start. They trade on emotion as the majority, so they lose together with this majority. This makes it seem like the market is specially after you. It's not after you, it's after the majority, what you can do is keep yourself distanced from that majority who is destined to lose.
And don't trade in single trades. Start selling a little piece at a time to lower the risk.

The majority is selling now. Buy high sell low.

[pacman7331]

I hope you guys remember to sell on the weekend pump. My guess is that the top will be at around 7100-7200$

Where were you at $19k when I needed you?!

Haha. I actually fell for that too. Learned a lot since then. Sold at 17k but only cuz transaction fees were 60$.  

I wanted to go short there but bitfinex wouldn’t let me back into my account.

[HairyMaclairy]

Things are starting to feel a bit squeezie.  

[figmentofmyass]

muahahaha, i love when it pumps on FUD. cha-ching.


it's some tasty FUD tho. western media hasn't picked it up, but the polish media is running with it:

One of the largest and most controversial cryptocurrency exchanges Bitfinex received a big blow today in Poland - PLN 1.3 billion at the Cooperative Bank in Skierniewice was seized by the prosecutor's office. The money is to be linked through the Bitfineks network of companies and the Colombian drug trade.

Online investigations linking companies with accounts at the Cooperative Bank in Skierniewice with Bitfineks appeared already last year. Bitfinex is controversial - this stock market has long been suspected of speculating cryptocurrency prices and pumping bubbles. US regulators are also researching the Tether currency created by Bitfinex, which is related to the value of the one-to-one dollar and is used to buy other crypts.

On April 6, 2018, Zbigniew Ziobro was successful in taking $ 270 million. associated with fraud, people whose names appeared in Panama Papers and companies that are pillars of the "large foreign cryptocurrency market". The accounts were to be located in a small Polish bank.

Our unofficial information shows that it is about Bitfinex. The Polish prosecutor's office has not raised any charges yet, and due to the international dimension of the case, the Central Investigation Office cooperates with Europol and Interpol.

then there's this...

One week ago Polish bitfinex users interrogated by Polish police - https://forum.bitcoin.pl/viewtopic.php?f=79&t=28309&p=472711#p472711

[pacman7331]

Things are starting to feel a bit squeezie.  

Exact thing happened 2 days ago. After my long was raped.

I agree bears didn’t push throught 6500.. but bulls failed at 7450....

Since then India FUD and this is weekend. Seems to me a rerun of before returning to 6500 soon.

[Rosewater Foundation]

Inverted Bart Simpson pattern, classic TA lol