All posts made by BowieMan in Bitcointalk.org's Wall Observer thread
1.
Post 3572022 (copy this link) (by BowieMan) (scraped on 2020-04-04_Sat_11.23h):
The longer it takes for us to go parabolic, the higher the peak on this thing is ultimately going to be.
we haven't gone parabolic yet?
2.
Post 7794467 (copy this link) (by BowieMan) (scraped on 2020-04-04_Sat_12.58h):
It's crossed 630 now, may be we will touch again 650 mark after that bull run start.
we've got that big 666 resistance zone to deal with too.
3.
Post 8249527 (copy this link) (by BowieMan) (scraped on 2020-04-04_Sat_13.03h):
When was the last time you guys have seen such candles? green and no lint on the upper side of the candle! It seems it's one of those mystery fridays, again!
4.
Post 8249734 (copy this link) (by BowieMan) (scraped on 2020-04-04_Sat_13.03h):
We're now approaching today's high! Wow, not bad! But I don't see us crossing that wall with the momentum we currently have. Except maybe, if people decide they want to get in big time again and use the opportunity to buy at that wall. Or maybe if the wall isn't legitimate!
5.
Post 8249995 (copy this link) (by BowieMan) (scraped on 2020-04-04_Sat_13.03h):
How sad, we're back at $ 590... I thought we'd bounce off the $ 595 mark and be dumped back to old prices. We'll have to wait to see in which direction we're going to leave this freaking channel!
6.
Post 8251311 (copy this link) (by BowieMan) (scraped on 2020-04-04_Sat_13.03h):
Today is a good day for some wall observing... walls, walls everywhere...
Yup, price going upwards again, not much but still upwards movement will good for us.
It is, but those walls aren't exactly on the side we'd like them to be at. We still don't have very much momentum and are about to bump into those walls. We'll most likely just bounce off of them and go back down. It already happened at that $ 595 wall. And I guess they're real, they ain't fake!
7.
Post 8251410 (copy this link) (by BowieMan) (scraped on 2020-04-04_Sat_13.03h):
Sound familiar?
Hehe, yeah. Not banned, they just can't use them for making or receiving calls or texts, and they can't have them on or around their person. Big difference.
Hahaahah, yeah, aweseome! But I don't think China will want to miss on the Chance of having Apple as a big company invested in their country and being able to sell their merchandise there, as well. It's not as if they're getting money out of the country, like Bitcoin does
8.
Post 8252854 (copy this link) (by BowieMan) (scraped on 2020-04-04_Sat_13.03h):
Today is a good day for some wall observing... walls, walls everywhere...
Indeed. It is a sign of a good weekend. Mark my words that this weekend wont be flat and boring.
This weekend I am 99.9% sure we will end up @$>600.
Yeah, its looking good.
Anything to support that? Why do you reckon we'll see good old $600+ times again over the weekend? All the latest weekends only brought us a slow but steady downtrend or at best stagnation, it seems!
Well we broke out of a consolidation channel last night to the upside, so that's good. I've seen a lot of buying pressure but not enough to spring us upwards... Bitcoin's default direction is DOWN so it takes significant volume to break orbit. Which we haven't seen. Looking at the daily chart it could come any day now. The 3d RSI is oversold which is also interesting.
Really do you have some graphs to illustrate your findings? Why is Bitcoins default direction down? Do you think this is the case because we're in a downtrend or because new coins are being generated every 10 minutes? The adoption rate works against that, though!
9.
Post 8253061 (copy this link) (by BowieMan) (scraped on 2020-04-04_Sat_13.03h):
Today is a good day for some wall observing... walls, walls everywhere...
Indeed. It is a sign of a good weekend. Mark my words that this weekend wont be flat and boring.
This weekend I am 99.9% sure we will end up @$>600.
Where did you get that gif from? But you're right, I also don't think that this weekend is going to give us prices above $ 600... At least not significant bumps up. I'll be content if we stay in the $ 590s or even $ 580s...
10.
Post 8253607 (copy this link) (by BowieMan) (scraped on 2020-04-04_Sat_13.03h):
Mini wall detected! BTC-e 202BTC @ 587$
Ah on the bid side? I thought we'd only see walls on the ask side today. If we're looking purely at all those walls, I guess we're rather going down than up over the weekend. Let's hope we don't fall to much and maybe even be in for a small choo choo sunday night!
11.
Post 8253714 (copy this link) (by BowieMan) (scraped on 2020-04-04_Sat_13.03h):
Really do you have some graphs to illustrate your findings? Why is Bitcoins default direction down? Do you think this is the case because we're in a downtrend or because new coins are being generated every 10 minutes? The adoption rate works against that, though!
Maybe that's confusing. But look at any 3d chart over a couple of years and you'll see that it goes down for longer periods of time than it goes up. I'm not saying that it's a negative, just a longer correction cycle to counter the enthusiasm of exponential growth spurts. Also in market theory it's more difficult for a stock to go up than down, the saying goes "markets fall on their own weight" so additional volume is needed to confirm uptrends.
You mean a 3y chart??? But I see what you're talking about. Yeah, it definitely seems as if Bitcoin needs more buying pressure to confirm an continuing uptrend. Do you believe the 'weight' of the bitcoin market is getting heavier with an increased price or also an increasing number of Bitcoins in circulation (provoking a lower price)
12.
Post 8262160 (copy this link) (by BowieMan) (scraped on 2020-04-04_Sat_13.03h):
I hope it goes to 470 to give a gleaning point.
As much as I'd hate to see Bitcoin go to the $400s again, I also think that this would we a much needed fresh start, to be honest... Although I'd much rather see a nice breakout from where we are now, to up north!
13.
Post 8266139 (copy this link) (by BowieMan) (scraped on 2020-04-04_Sat_13.03h):
So far the weekend is holding pretty strong. We haven't seen a big dump yet. It remains to be seen if we can carry this through to the beginning of next week. I'd be all in for a sunday night mini train, to get the party started, if you ask me.
14.
Post 8266898 (copy this link) (by BowieMan) (scraped on 2020-04-04_Sat_13.03h):
The only reason some of the charts are even perceived to work is because everyone is drawing the same lines coming to the same conclusions.
Yes, it's like reading entrails in ancient times. We look back at that practice as ridiculous, but the best haruspices (entrail readers) could
actually predict the future to a certain degree. The reason is that if the people thought a certain future was destined to unfold, in small ways they would each work to make it happen.
Our shared mythology is a powerful force.
This totally fuels my 'manifest destiny' or 'self-fulfilling prophecy' theory! A lot of people believe in TA and indicators and come to the same conclusions, that's why they all buy as soon as the
light MACD turns green.
