All posts made by Harlot in Bitcointalk.org's Wall Observer thread
1.
Post 29394489 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.41h):
This might be the last shake. Down to ~8.5k probably.
If the hodlers stay strong, I doubt there will be a shake into the 8k$ range.
I agree "I doubt there will be a shake into the 8k$ range."
just look at the volume!
the shorting guys who sold at 11k or 12k USD have to buy back the BTC!
but the dumping volume is decreasing!=> the sellers at 11 or 12k USD will buy UP if they will recognise the
buy support at 8-9,5k USD is too strong!
IMHO after the huge shorts (and FUD) of the btc futures + political FUD the cryptomarket will turnaround!
Seriously, who would sell BTC now without the major FUD?!? the market is acting very emotionally at the moment =>best time to buy.
BTC stunned me many times in the past few years!
The crypto market is fast moving, we saw it again and again.
And that's the the reason why I think that buying BTC at the current price range will be high likely on of the best chances to make profit in 2018.
best wishes!
Assuming that 9,000$ or 8,500$ is the bottom we are still not out of the woods yet as there are no confirmations that we will be breaking out soon. We would still have this kind of movement in the next couple of days as I think even the whales are accumulating Bitcoin from changing in between Bitcoin and Fiat with the final visit below 10,000$ will break Bitcoin soon and try to all new high.
2.
Post 30777978 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.45h):
What many has presumed that Bitcoin has broken the downtrend line and a lot of people think that it is the start for Bitcoin's reversal was all a dream as we are still not finish visiting below 10,000$ again. Looking at the charts specifically the 4 hour chart you will see an inverse head and shoulder which we currently right now at the right shoulder going down below 10,000$ (if it will form a inverse head and shoulder). They key here is too look at the right shoulder forming as there are a lot of ways to look at it and it might go down further. Other scenarios are Bitcoin bouncing right now and going back to 11,000$ again.
3.
Post 30848600 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.45h):
Here we go again next stop 9k
Like I said, I'm buying drinks for the thread if we see it touch the $8k's again this year.
Too much resistance down to $9k.
I don't see it happening.
Beer-filled gut-bacteria tells me things will even out around $9.5k before resuming upward momentum.
Below 9,000$ is still possible, there are 2 scenarios I see on Bitcoin going down. The first scenario is Bitcoin will for a right shoulder with its lowest price at 9,200$, the 2nd scenario is 9,200$ is broken and it will continue to what people are calling the real 5th wave which is around the 4,500$ level. Right now I am just observing the prices as my money is still in Fiat so I am comfortable to what is happening to Bitcoin. Hopefully this will be the last dip of the year as I know a lot of people have stacked up their position by now.
4.
Post 31794491 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.47h):
Had a feeling that this would happen as it had rejected 11,600$ thrice during the recent price rally that is why I sold my Bitcoin into Fiat and is now waiting for this storm to calm down. But we should be calm in this situations as nothing comes good when we start panicking. The good thing is I am still holding Fiat and is waiting for it to recover before I start buying Bitcoin again.
5.
Post 32062270 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.48h):
The utility side of Bitcoin sucks!
I just paid less than 10 cents for a Bitcoin transaction, and I didn't even use SegWit.
That really sucks man. Gone are the days where I need to pay 20-30$ transaction fees for sending 10$ to my gambling site account. But jokes aside I am really happy seeing this kinds of network fees again, more reason for establishments who pulled out earlier to come back and accept Bitcoin again. This can be another good call for other businesses to accept Bitcoin for the first time.
6.
Post 32304876 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.48h):
I'm just amazed why you guys keep on worrying all the time about bitcoin. It's doing its work just fine, let it do it.
You know exactly what you hold and how much exactly of it actually exists, that's really enough of a proof that it's going to reach a million dollar each by 2020.
Today I'm assuming this dump is due to Google banning crypto-related ads. Things will calm down soon, as usual.
Banning crypto related ads is in fact good for Bitcoin. Most of those ads are for scammy parasite coins/tokens.
Exactly, I hate them too much as well. Useless ERC-20 tokens (which only got a professional website, a lie-filled real-world use case video, and in most cases, fake team too) gathering millions/billions just through Google Adwords. Whenever I look at those ads at Google, a feeling inside me whispers "poor buyers!".
I'm glad they're doing it. Bitcoin will have an effect of it on price for a day or two, but things will get better again, as usual.
Its the thirds time I heard that Google is banning all crypto-related ads, yet I still see Cryptocurrecny related ads in Youtube and even websites that are running Google AdSense. This kind of Fake News really even if they are fake are influencing the market as the weak hands are immediately deciding to sell their position. And right after a week or two their will be news about Google re-thinking on their decision and will modify their ban for crypto related ads, which will be a common cycle for fake news creators. It's either you hold or ride with the wave.
7.
Post 32339252 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.48h):
The Google announcement that it's taking a stand against advertisements on the internet that promote cryptocurrencies from June has caused the crash in my opinion.
Facebook already did it and we all know the people behind Google and Facebook and what interests they want to protect and who for.
But why will it affect Bitcoin in the first place? If people are thinking logically Bitcoin does not need anymore advertising as it has established its name for quite some time now. And also from what I know Google has already banned crypto-related ads for multiple times now yet I always see ads particularly exchanges while watching on youtube. This kind of news even though its false is affecting the market badly.
8.
Post 32647971 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.49h):
It seems like we have a little breather for today but to make things clear a big green candle doesn't say we have broken the down trend yet. Even if the MACD shows bullish divergence and the volume is big we haven't broken any resistance as of yet. The 50 EMA which is located at 8500$ is still yet to be broken in order for us to say we are on a up trend. What I can say now is the bulls have refused to re-visit the 6,000$ area again as it might be to early for them to go down this big.
9.
Post 32735321 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.49h):
any good news from G20
The only good news from government is when they don't do much. Which was the case this time.
From what I have read they just made up it to conclusion that they are holding of any new regulations for cryptocurrecencies as it is not yet hurting any financial situation of a country. People have assumed that this news coming from the G20 is the reason of the sudden rise of Bitcoin's price. When they are forgetting that we are still on a down trend and 8,500$ is just a resistance under the EMA 50 moving average. The 14% price increase might still end up a bull trap as the volume is lagging.
10.
Post 32843633 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.49h):
Even though its currently rising the market still looks undecided. We can still call this a breather stage for us as we are doing a small price rally inside the downtrend. In order for Bitcoin to break the current downtrend Bitcoin needs to break the current line around 9,500$- 9,600$ depending on the day when it will re-test it. But if it fails to break then we might see Bitcoin go lower than 7,000$ again.
11.
Post 33338108 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.50h):
Massive Head and Shoulders forming on its 4 hour chart, haven't notice is since I was focus on the hourly chart so much that the falling wedge is just part of the right massive shoulder. If Bitcoin don't stay above 8,000$ soon this might be a big drop which is this time much lower then the 5,900$ we have experience last time. Right now Bitcoin is hanging around 7,800$ and the market is yet to make a decision out of it, let us just prepare to what is coming to Bitcoin.
12.
Post 33421068 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.50h):
There is a break down on a weak bear flag which has confirmed the process, expect Bitcoin to drop up to 7,200$ (or even more) but we can expect Bitcoin to bounce right back up again in 7,400$ (although this bounce probability is low). The MACD bullish crossover was not enough to stop the break down formed in the hourly chart but the crossover is a sign that Bitcoin could be back on a bullish trend in a short period. Cutting losses now might now be a good option as we don't know how deep will it fall or will it even fall.
13.
Post 33889246 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.51h):
I wouldn't say its still valid but an ugly inverse cup and handle has formed in the 4 hour chart and its currently completing the handle. The reason why I say its not valid anymore is because it already broke from the handle and also the cup that was formed is more of a "W" rather than a well rounded "U" making the price breakdown possibility low. With the recent price jump from 6500$ we are now seeing Bulls trying to take control in the 7,000$ and right now we have failed to go up above 7,500$, another fail for that would mean a continuation of the inverse cup and handle, which BTC is expected to go down below 5,900$
14.
Post 34165914 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.51h):
Looking like a bull trap, if Bitcoin does not go above 7,200 for a while this might be Bitcoin's last time to be in the 7,000$ level. Right now in the 30 minute chart Bitcoin is forming a Head and Shoulder pattern and we are now in the right shoulder. Breaking about the 7,200$ is key in order to make the H&S invalid. 7,200$ is crucial as not breaking it this time might make BTC go down more than 6,500$ this time.
15.
Post 34543367 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.52h):
So, where are all the bear posters now?
Please post something shitty. So we can all fuck you up real good.
I'll do my best to be bearish for you. But I was holding because it seemed to me the risk reward didnt favour selling, simple as that. Nobody ever knows for sure but at times its silly be bearish and thats true when the price is drifting sideways because that isnt a negative. no news is good news meta, because underlying BTC is progressing anyway. I often think similar for gold, the dollar has great problems ahead ditto yen and many parts of Europe etc weakness in FIAT relates to use of crypto
So a negative price target now is 7200 because that was my short term upside target previous. We broke through, massive bar, big volume thats a good break but also I'd expect confirmation. So we play out the most negative scenario but even so overall its quite bullish.
There is a theme of surprise to the upside at the moment because short interest is at all time highs. Which means buyers, forced in the same way leverage buyers are stopped out on the way down and price becomes surprisingly weak there
I dont have it drawn on this graph but 7200 is the long term uptrend line.
I agree we are now in the bullish side of Bitcoin as long as it stays above the 7,200$ line. Next target to confirm we are on a reversal is at least breaking above 8,200$ level where we last know to have took a plunge and reaching as far as 6,500$ level. Reaching 7,700$ is still not a confirmation that we are in an uptrend as this might just be just one last bounce before a big dip will happen.
16.
Post 34680433 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.52h):
It is the 2nd time Bitcoin rejects to go above 8,250$ which means we are having off a little resistance in that level. RSI is on the 50 level which means it is neither bullish or bearish but the MACD is still on the bearish side. We might have a little correction and Bitcoin might go down at 7,500$ anything bellow that will mean a continuation of the downtrend. Also to put a lot of confusion Bitcoin has formed a converging triangle which is really showing us that the market is still indecisive on where it will go.
17.
Post 34942018 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.52h):
It looks like things will get ugly Bitcoin is currently on its 2 hoursly chart it is forming a Head and Shoulders and we are currently completing the right shoulder. After several failed attempt to go back up above 8,500$ or more we might be going back down below 7,000$ if BTC will not break this formation we need to think of shorting is now until it is up above 8,000$. Volume is also decreasing which is an indicator that the market is still bearish on Bitcoin. MACD also formed a bearish divergence which signifies a momentum going down.
18.
Post 35046271 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.52h):
Good thing that head and shoulder formation got invalid when it rise back up again above 8,000$ but it doesn't mean we are going straight up. Right now a bigger formation is forming on the 4 hour chart, a rising wedge (reversal) is currently forming and this might be our chance to sell our position at the highest point. The wedge is expected to tighten and be complete above 8,500$, 8,600$-8,900$ to be exact. I would be comfortable offloading my position at any of those price ranger when I see any confirmation of the pattern.
19.
Post 35223477 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.53h):
Just as I thought after touching 9,000$ it quickly go down, Bitcoin might have completed the the ascending wedge pattern and might now go into a reversal, Support 1 will be 8,500 and Support 2 will be around 7,800$. But Bitcoin clearly is well inside the triangle still only if it breakdown will re-test the support levels. RSI now is overbought and its MACD is about to make a bearish crossover.
20.
Post 35444660 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.53h):
BTC finally broke the 9,200$ resistance and has establish a support in that area. Bitcoin needs to stay above it in order to continue being bullish. The problem I see now is that Bitcoin is currently forming an ascending wedge which is a bearish reversal and it might complete between the 9,350$ - 9,500$ level, But if Bitcoin goes above 9,500$ then the formation would be invalid. RSI is definitely overbought in short term periods so this is adding some weight in the bearish reversal. Keep your eyes active on the prices as Bull might sell their long positions.
21.
Post 35604381 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.53h):
As expected BTC go down from its first realistic attempt to reach 10,000$. Reaching 9,700$ before correcting is a good thing to see as I wouldn't be comfortable if BTC decides to reach 10,000$ first or greater before it corrects. RSI is on a Hidden Bullish Divergence but I wouldn't be surprised if it still goes down way below 8,800$ before it starts going back to 10,000$.
22.
Post 35960220 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.54h):
Good thing to see that Bitcoin is bouncing after touching the small up trend channel, and right now it is getting bullish at its get for a long time as it also has voided a head and shoulder formation by breaking the right shoulder. Confirming this small up trend is the way BTC bounce above over 9,100$ which is really big. What I am seeing is Bitcoin's biggest hurdle is going back above 9,500$ after that happens we might see Bitcoin go above 10,000$. Mid term target is about 10,600$ - 10,800$ which is achievable within a weeks or so.
23.
Post 36135116 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.54h):
Bitcoin at its 4 hour chart is looking like completing a very Ugly Head and Shoulder position and by ugly I mean the left shoulder is considerably bigger than the right shoulder, not to mention that the right shoulder looks like a dislocated one. And the uglier the formations the less chance it will happen. But clearly if we don't want to see any kind of short happening BTC must stay above 8,907$ for at least 2 or 3 more candles to make the formation invalid. We are still inside the triangle and it may look like a now or never situation for the bulls to make a break out.
24.
Post 36209741 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.54h):
Wow that was quick Bitcoin in just broken out of a triangle and has increase to almost 250$ (9,200$ - 9450$) in just a little over 2 hours. And if Bitcoin is really bullish it will try and test out the 9,700$ resistance and if it is broken there's only one way and its up, up to 10,600$. Also altcoins in are generally bullish today which means that the market is now on a bullish territory. It is looking good for Bitcoin and it will be any day now when it will try and reach above 10,000$ and hopefully altcoins will follow.
25.
Post 36349161 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.54h):
I'm so busy looking at bearish formations I haven't even notice that BTC is attempting to complete an Inverse Head and Shoulder pattern (Bullish), be careful now as Bitcoin has previously formed and failed this one before it sends this back down to 6,400$. Now the current scenario is that MACD and RSI is on our side together with the pattern and it is heading over towards the bullish side, if Bitcoin goes above 10,000$ we might see BTC go up to 10,700$ and could potentially balloon up to 14,000$, but that target has the least chance of happening.
26.
Post 36484930 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.54h):
Looks like we are suffering the consequences of our first big attempt to cross over 10,000$ and I think the correction is due to the market prematurely offloading their position in anticipation of such event, and the correction did brought us back inside the downtrend channel line again which is below 9,700$ but does it mean we failed to make a reversal? No and it will only be a matter of time when we see Bitcoin re-test the 10,000$ level again RSI is oversold at this point and MACD is near -100 but will most likely make a bullish crossover in the next few hours.
27.
Post 36795951 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.55h):
Bitcoin is currently completing a head and shoulder pattern (which is bearish) and we are now in the 2nd and final shoulder which the current target would be 9,400$ - 9,600$, this might be a good time to sell BTC as we all know BTC is currently successful on doing bearish patterns compared to bullish patterns as of right now in this trend. Technically speaking the bulls are still in play and might make this right shoulder invalid as MACD and RSI is showing a hidden bullish divergence, the best part about it is the volume is increasing at the same time the price is increasing which yet again indicates that BTC might be bullish.
28.
Post 36905702 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.55h):
I feel like if we don't break 9400 in the next 12 hours it'll be time to sell...
That bull flag is looking good though. I don't think anything is gonna stop it. It should break in less than 12 hours or it'll be too late to sell
.
Hey guys... seriously...
is this a bull flag or a rising wedge?
We just broke down on a ascending wedge and currently I ain't seeing the bull flag you were saying as we currently are 2 candles out on the hourly chart after the drop which isn't enough to see a formation forming as we just have drop from from 9,300 to 9,100$. Seeing that last point of trying to reach above 9,400$ failed as well as a bearish wedge there is no doubt that Bitcoin will fall. I just hope that Bitcoin will pick up momentum at this point before going above 9,400$ again.
29.
Post 37266116 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.55h):
Well that was a big squeeze a 400$ increase in just 15 minutes shows signs of Bitcoin's strength and its bulls are showing that they are no pushover when it comes to price action. 9,000$- 9,200$ is the next target if we have stayed above 8,800 to confirm that we broke it. The bull flag is looking good and reaching that target has a high chance because of the increasing volume as well. If the RSI on the daily trend will hit double bottom in 40 this will confirm BTC is going on the bullish side.
30.
Post 37565727 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.55h):
Bitcoin as of the moment in its 4 hour chart is forming a small ascending triangle inside a descending broadening wedge, this could be an early sign that BTC might go on a break out soon rather than completing the wedge patter both scenarios looks bullish but if BTC decided to go with the ascending triangle it must go and break 8,350$ soon. Another good news is Bitcoin's MACD recently created a bullish cross as well as the RSI having a bullish divergence. Hopefully BTC will have some sort of reversal soon.
31.
Post 37938759 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.56h):
It looks like we are having a breakout from the descending broadening wedge due to the formation of a inverse head and shoulder in its 4 hour chart which I have not saw earlier. Target 1 would be 8,600-8,800$ if BTC breaks that we are off to the 9,000$ level again. Remember that this breakout happened in its 4 hour chart which means it might take long for BTC to go back up that level. There is still a possibility that this bis a bull trap so BTC needs to stay above 8,350$ for a while in order to stabilize a support.
32.
Post 38868508 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.56h):
What is this? A spike? Good morning!
It's just morning wood (aka nocturnal penile tumescence). Go back to sleep.
Morning Wood? Is that a new trading term in cryptocurrencies? Hahah, I guess you can call it that one as this recent price rally got everyone excited but most importantly feel relief from the latest correction they ever had. But this is a normal thing to see right now. Bitcoin experiencing a heavy pounding (no pun intended) on the sell side made it oversold and now we could experience a late rally. This triangle is getting tighter and tighter (no pun intended again) and Bitcoin will be less volatile when it reaches at the end.
33.
Post 38968580 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.56h):
Fill your bags boys. This is the moment we all have been waiting for. It is coming. Paper monetary system is on life support since early 2000's. QE's kept him alive for nearly another 20 years and It has come to an end.
And we just got some confirmation yesterday that the market does in fact see us as a safe haven asset. (A lot of people just assume this, I have never felt comfortable just assuming it)
Yep a 500$ increase means that the bulls are in for the fight with the bears and they are showing that they don't want Bitcoin to go down below 7,000$. It will just need one big pump for it to go up again. Right now it is trying to complete a inverse head and shoulder pattern which is a bullish formation if it goes about 7,600$ our first target would be 7,700$- 7,800$ but if it goes down to 7,350$ then this rally would be over.
34.
Post 39220680 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.57h):
You know I was literally getting emotionally exhausted focusing too much on these charts when we were crashing and what not. When I look back it's $7600+, what the fuck happened while I was, should I stay gone?
Amazing things happen when you're mind is away from the prices sometimes. On occasions like after I am done using the cr for just 15 minutes prices of Bitcoim goes up for about 100 or even 200$. If you are constantly looking at your monitor it feels like the prices are barely moving to make any difference at all. That is why I just put alerts so I don't bother at the prices that much.
35.
Post 39552211 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.57h):
It is clear that we breakout from the bull flag by going above 7,700$, now that the next level needed to be broken is the the resistance level in 7,800$ if we break through it we can say we can go above 8,000$ easily, but just looking at the volume of the breakout I don't recommend on buying BTC at this level because the volume is not there to confirm a big reversal. If the attempt to go above 7,800$ shows a bigger volume then we might reconsider buying at that level.
36.
Post 40125790 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.58h):
Over 6600 already. $20k here we come.
Nope dude a fake rebond, 80% sure we gonna under 6k$ at the end of the week
Haha how did that work out for him in the movie?
It did good, as I recall he only lost his bestfriend and then later on turned into a zombies. And he was right to "wait it out until the thing is over" as the army have helped them in a timely fashion. I also remembered that he has a lot of problems along the way but they still have managed to do what he wanted to do, minus the friends and family he only had.
37.
Post 40432189 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.58h):
Ahaha this is a funny meme as technically it is hard to see a bottom for Bitcoin as this point. Ever since Bitcoin entered the bear market we all have our guesses where the bottom is. Of course woth the little price actions here in there it is hard to pin point the exact bottom is. A lot of people even said that 6,500$ is the lowest that Bitcoin can get now that BTC has proven them wrong it is hard to tell where the true bottom is. What we can really do is observe the market and base our plan from it. A 200$ increase in price cannot be classified as a pump compared to the 10% decrease we have in the last few weeks.
38.
Post 40592934 (copy this link) (by Harlot) (scraped on 2020-04-04_Sat_15.59h):
Bitcoin is showing a little hope here inside the very big bearish triangle. With a hidden bullish divergence in the RSI as well as a Bullish MACD crossover we could have a little rally before BTC drops down bad, although reversals are also possible but with this kind of volume we can say that the bulls and bears are still indecisive on where Bitcoin will go. Making this bearish triangle invalid is one of the most preferable scenarios out there and we can only make the formation invalid with a good reversal.
