All posts made by illyiller in Bitcointalk.org's Wall Observer thread
1.
Post 7031300 (copy this link) (by illyiller) (scraped on 2020-04-04_Sat_12.48h):
lol @ DRK. so much pump.
2.
Post 7031458 (copy this link) (by illyiller) (scraped on 2020-04-04_Sat_12.48h):
are these DRK rumors for real? why would they add it?
follow the hype ?
I'm loving this wave I bought in at launch sold the top bought back on the dip too the moon. This makes up for all that $#!ącoin I have bought.
Just don't get caught holding that bag...
3.
Post 7422601 (copy this link) (by illyiller) (scraped on 2020-04-04_Sat_12.54h):
Sellers on Huobi really didn't want to push down on that last leg. No momentum. Up from here.
4.
Post 8362349 (copy this link) (by illyiller) (scraped on 2020-04-04_Sat_13.05h):
Today was the first day in a week where a big wall on OKCoin was bought in a few bites instead of causing downward pressure.
If this was not the bottom for now.. I'd be surprised.
I think there is too much TA talk of the importance of the 550/540$ breach. It takes only one big announcement to get this rocket going again.
Really? I feel like we are constantly getting really good news, and no rally ever to be found. Now Braintree looks to be a test bed for Paypal to start accepting bitcoin. Annnnnd bet you we're gonna drop.......
Patience is a virtue. Value is being built into the network. Nothing about bitcoin has changed for the worse. If adoption rises, so does the price, eventually!
Agreed, nothing has changed fundamentally. But I can understand the frustration, when you see nothing but good things happening, while simultaneously, the price just continues to drop and drop.....
5.
Post 8576667 (copy this link) (by illyiller) (scraped on 2020-04-04_Sat_13.09h):
if the walls were to market sell, the price would barely go down $10 lol , not exactly scary.
It's not the initial price drop that is scary. What is scary is what comes after. We are in a tight range, and once a market maker chooses the direction, the traders will follow.
6.
Post 8577042 (copy this link) (by illyiller) (scraped on 2020-04-04_Sat_13.09h):
if the walls were to market sell, the price would barely go down $10 lol , not exactly scary.
It's not the initial price drop that is scary. What is scary is what comes after. We are in a tight range, and once a market maker chooses the direction, the traders will follow.
i very much doubt the price would drop much, and it would take very little to buy it back up. Bitfinex ,for example, has more than enough bid depth to deal with it.
Those are some pretty weak assumptions. Depth means nothing. Market makers have been using the order books to manipulate traders forever. If you are a trader, you know that trading based on order book is a very dangerous practice.
Do you have any technical reasons why price can't drop much? Generally, once be break out of a trading range and do not immediately reenter it, orders fill in the gap. This means that if after an initial selloff, we could not retake the 500-505 level, and form a base there, that asks will fill in below.
7.
Post 10030538 (copy this link) (by illyiller) (scraped on 2020-04-04_Sat_13.43h):
Sitting at $275...... and looking like it's pretty ready to fall.......
8.
Post 10118663 (copy this link) (by illyiller) (scraped on 2020-04-04_Sat_13.46h):
Looks like a bounce here? No longer confident in this level holding though. I'll wait for a confirmed uptrend before buying back. On the daily at least. Don't care about buying the very bottom.
9.
Post 10118709 (copy this link) (by illyiller) (scraped on 2020-04-04_Sat_13.46h):
Whales used to show up to pump at the bottom. They don't really do that anymore....
10.
Post 10118725 (copy this link) (by illyiller) (scraped on 2020-04-04_Sat_13.46h):
i'll buy again when uptrend is confirmed at 1000 dollars
LOL
I'll be in a lot sooner than that. But these days I take profit, not waiting for the moon...
11.
Post 10119183 (copy this link) (by illyiller) (scraped on 2020-04-04_Sat_13.46h):
Crypto ain't dead -- just isn't the never-ending bubble people thought it was.
12.
Post 11547460 (copy this link) (by illyiller) (scraped on 2020-04-04_Sat_14.17h):
Phew. Back up. They had me worried for a minute.
13.
Post 11554455 (copy this link) (by illyiller) (scraped on 2020-04-04_Sat_14.17h):
Can't remember the last time the market was this flat. I used to be glued to the charts -- now it would be surprising to glance at it more than two or three times a day.
14.
Post 12142114 (copy this link) (by illyiller) (scraped on 2020-04-04_Sat_14.23h):
Are we more likely to see $230 or $315 first?
$315 IMO. However, I think we will see more downside first. The daily is still in a firm downtrend. Heavy support at $252-255 area. I'm hoping we test that area and that bulls react strongly. Hopefully then, we will continue the bull run to $315 and beyond.
15.
Post 12917253 (copy this link) (by illyiller) (scraped on 2020-04-04_Sat_14.32h):
1h, 4h BB bands getting tight as hell. The next move is gonna be big, will go on for a while. So no point trying to call it now. Just gonna ride the breakout.
16.
Post 34036661 (copy this link) (by illyiller) (scraped on 2020-04-04_Sat_15.51h):
Is it just me, or are we forming a base here? Looks like an accumulation pattern that's aching to break upwards. (Looking at the 30-min - 1-hour charts)
I was all ready for doom too.
17.
Post 34036866 (copy this link) (by illyiller) (scraped on 2020-04-04_Sat_15.51h):
Is it just me, or are we forming a base here? Looks like an accumulation pattern that's aching to break upwards. (Looking at the 30-min - 1-hour charts)
I was all ready for doom too.
\\\\____$3500 looks like bottom however $2500 test would make more sense from $5000 pivot :-D weee
Yup, $2500 zone is my ultimate doom target. It's the area where the Wyckoff spring broke up last year and the bubble really began. It's the biggest base on the 2017 chart besides the $1000 area.
In before we go to $999 (dead srs).
18.
Post 34630000 (copy this link) (by illyiller) (scraped on 2020-04-04_Sat_15.52h):
I could see a pullback to the big gap we left.... $7100-7500 somewhere. But there's been lots of bottom shorting if you look at bfxdata and just general sentiment the last month or so. They're not gonna be allowed to all get back in.
$15k within 2-3 months. Not sure about new ATHs though. I think it might be a longer term sideways.
19.
Post 38598101 (copy this link) (by illyiller) (scraped on 2020-04-04_Sat_15.56h):
I spy a W bottom on the 4-hour.
Smells like a local bottom. But I wonder if it's a just a bounce in a big bear triangle.
20.
Post 51447668 (copy this link) (by illyiller) (scraped on 2020-04-04_Sat_16.50h):
Someone did say in the tweet replies the original be wallet that sent them was a xapo cold wallet but could xapo really own so many coins?
Absolutely. Xapo is one of the largest custodians in the world:
The Wealthy Are Hoarding $10 Billion of Bitcoin in BunkersIf you look into it, that wallet has been flagged as Xapo for a very long time. The "whale alert" or whatever Twitter account was blatantly wrong, and possibly trying to manipulate the market.
21.
Post 51578753 (copy this link) (by illyiller) (scraped on 2020-04-04_Sat_16.52h):
Bears attempting another selloff. It would look like a double top if successful, but the dump isn't getting too far from the looks of it. The daily candle will close a doji at this rate.
Anyone think this is the top?
22.
Post 51849945 (copy this link) (by illyiller) (scraped on 2020-04-04_Sat_16.56h):
It's normally a four year cycle, so we aren't in 2017, but we might be rhyming with 2015...
"Normally"
It's only been 10 years.
It seems obvious based on the monthly trend and broken levels that we're not replaying 2015. The window closed on that a long time ago. The closest parallel here IMO is summer 2016.
23.
Post 52690032 (copy this link) (by illyiller) (scraped on 2020-04-04_Sat_17.04h):
Looks like that little pump earlier today didn't have legs. Just another lower high. How long before we drill below the $7,700s? My bet is it's coming in the next few days.
24.
Post 52833847 (copy this link) (by illyiller) (scraped on 2020-04-04_Sat_17.05h):
Look at the monthly and hope we are bottoming out until eoy around 7200 with maybe a wick in the 6ks.
Else we gonna visit 200 wma :S
A second visit to the 200-week? I doubt it. That's a pipe dream. $6K will be rock solid, in fact I am starting to wonder if we'll get there at all.
Yeah, but we have already had our 85% correction down to $3,122. Remember December 2018?
We are getting another 60% to 85% correction from the $13,880? That makes hardly any sense.
Take another look at the chart. It's inverted.
25.
Post 52889577 (copy this link) (by illyiller) (scraped on 2020-04-04_Sat_17.05h):
The recent exceptional spike has pointed out resistance at 10.5k, and, coming below the strong resistance at 13.5k, it is a bearish indicator (in conventional analysis).
No it's not. Hitting resistance on the way to another resistance isn't bearish. It's expected. Any asset emerging from a downtrend is going to hit resistance on the way up.
Did you really expect to go straight to the $13,000s without stopping?