Good morning. Bitcoin price is still sitting on an important Fibonacci fan resistance line and close to entering the Ichimoku Cloud. RSI is neutral. Pretty much a boring weekend unless you are into alts which are getting hammered.
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Have to upload to Imgur instead looks like
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If anyone can enlighten me how to properly post an image it would be appreciated
For some reason you embedded the album link instead of the image link - http://imgur.com/a/NmV1uAh I see you are correct about that, but that doesn't explain why I cant get the photobucket image to properly display Log in to photobucket and use the img or html link provided. Good luck with the auction!
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Edit your post so the URL is enclosed by (img)(/img) except replace the parens with brackets
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Trezor and Nano S use 24 word seeds. When it comes to storing your seed, you should follow the advice of the companies who make the hardware wallets. Never store online, paper backup only, store in safe or bank deposit box if possible. Get cute about storing your seed in an encrypted container online and you just might lose your bitcoin. Adding a passphrase is extra security if you are sure you can keep it in your head. The more bitcoin you own the more important it is to follow the advice of the wallet manufacturer: they know security better than you do.
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Get thee a hardware wallet and move your bitcoin from exchanges before Aug 1. Then don't make any transactions or move your bitcoin until the dust settles.
What are the risks to let the Bitcoin in exchanges and investments in relation to the SegWit and fork events? I think a hard fork is unlikely, but in that off chance you are trusting an exchange to follow the fork you prefer, or even to properly split your bitcoin if two forks persist. Moving your bitcoin to a hardware wallet so you control the private keys and can decide for yourself is good insurance. No downside other than the cost and possibly a significant upside.
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I don't have a backup plan. My Bitcoins will stay where they are now and I will hope for the best - because I don't know all oft he technology behind it to get involved I just trust in the developers to do what is right for the future of the coin.
If you do not have possession of the private keys to your bitcoin you are trusting some one else to make the right decision in case of a fork. You may be limiting your options by doing nothing.
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Get thee a hardware wallet and move your bitcoin from exchanges before Aug 1. Then don't make any transactions or move your bitcoin until the dust settles.
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@Lauda the packaging for the aluminum Trezors was identical to the plastic models. If unopened there is no way to tell from the packaging that what is inside is aluminum or plastic. I have one and would not sell for 0.25 bitcoin so starting price seems fair. I really doubt Trezor will ever sell these again as they made me aware what a pain it was to machine those housings.
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Good morning and happy July 1. We are still in neutral with a slight downward bias. Getting closer to the Cloud so I expect any surprises will be to the downside.
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-snippity snip snip-
Market still neutral. Price is hugging the 50% Fibonacci retrace level. Volume is moderate, RSI neutral. Boring, but price is still above $2500.
Pretty great time for the Wall Observer thread to fork then. Absolutely no interesting price movements whatsoever, so we don't need to get together. I think it's foreshadowing for August 1st. Trillions of different forks that do slightly different things, but no one actually cares about any of them and nothing interesting happens on them.
IMO potential SegWit activation in July-August is super bullish. The messier it is, the less bullish it is. Before that, we'll be moving kind of sideways because no one really gets what's going on. Daily Ichimoku Cloud is still bullish but with a slight momentum shift to downside as conversion line is slightly below base line. No clear buy or sell signals, and looks like price may enter the Cloud soon agreeing with sideways or flat price action.
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If bitcoin price starts advancing and takes out the ATH where to consider taking some profit? Fibonacci extensions have proven reliable time and over again. Bitcoin traders use the Fibonacci levels to set sell stops to lock in profit. Here are the extensions from the ATH to most recent swing low: On the downside how low would bitcoin price decline if there were a sell off? Fibonacci retracements give guidance again and I expect many traders will be waiting to buy at the .382 retrace level or $1900: It has been a while since bitcoin price has dropped a full 38.2% so $1900 is strong support. You can't rule out a 50% drop to $1566. Bitcoin has dropped 78.6% and recovered in the past.
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Market still neutral. Price is hugging the 50% Fibonacci retrace level. Volume is moderate, RSI neutral. Boring, but price is still above $2500.
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Are you using Windows with Remote Access turned on? Are you using antimalware and antivirus? Download free Malwarebytes and scan your computer if not.
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Bitcoin price action loves to form triangles, we see it over and over again. If not for the uncertainty in the market due to Aug 1 I really think bitcoin would be over $3300 now. The question is which way will price break out of that triangle: up or down? If I knew the answer I would be taking a position with leverage. But I don't of course, as does anyone. If price breaks up we will either have a fake out, or traders will likely bid the price up to a new all time high.
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$2600 is the number to watch at Bitstamp. The following chart shows that price is close to breaking out the upper trend line of a triangle that has been forming.
I have a question. Why did you choose the 6h chart for drawing the triangle? I mean... with other timeframes the triangule and its levels changes a lot. Why do you chose 6h chart? Triangle is the same on other time frames. Here is the one day chart:
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$2600 is the number to watch at Bitstamp. The following chart shows that price is close to breaking out the upper trend line of a triangle that has been forming. Everyone has heard of the trouble Ether has had the past week. Note that the following chart shows that market share of Ether is declining lately, while Bitcoin share is on the rise.
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I made this thread non moderated because people were already complaining about the moderation at the new (redirected from old) Wall Observer thread. It lacks the spirit of the original thread. I think free speech is more important. After all if someone makes a post you do not like just add him or her to your ignore list.
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I have already read that link, it didn't help me with my question Then go to /r/Trezor where they hang out and ask a developer
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Hoping to continue on in the spirit of the original Wall Observer thread. Not moderated. Up to the community if this thread succeeds or not.
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