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

[okthen]

within 24 hours there are 3 possible outcome :

1. steady rises to 288

2. sideways to 283

3. drop to 233

I wonder where did you find *exactly* these numbers? Price is stable around $280. So you think it will drop by $50 and rise only by $8? What happened with $300 ceiling?

Noob trader trying to look not-so-noob 

[1715091889]

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[1715091889]

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[1715091889]

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[1715091889]

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[1715091889]

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[noobtrader]

within 24 hours there are 3 possible outcome :

1. steady rises to 288

2. sideways to 283

3. drop to 233

I wonder where did you find *exactly* these numbers? Price is stable around $280. So you think it will drop by $50 and rise only by $8? What happened with $300 ceiling?

 

i misstyped

 

within 24 hours there are 3 possible outcome :

1. steady rises to 288

2. sideways to 283

3. drop to 233

I wonder where did you find *exactly* these numbers? Price is stable around $280. So you think it will drop by $50 and rise only by $8? What happened with $300 ceiling?

Noob trader trying to look not-so-noob 

cmon.. ppl, at least im learning  there is big resistance at 277, even btce is still at 277

[RD965]

We will get up to the 300$, buy pressure seems to kick in pretty well and good news keep coming

But for the retrace hater people here if you take a longer timeframe, were still headed to double top and retrace, before a bigger move confirms

https://www.tradingview.com/x/tEaDyufa/

[dreamspark]

 .618 fib would make sense, IF we weren't headed to 32,000$, no time to waste, fuck these "pull backs"  

jokes aside, i'm really hoping we can steam pass 300 b4 some bear whale takes a massive dump

There is absolutely no chance of us steaming past $300, the traders will dump ~$300, most people I speak to have $305 targets. The question is how quick and how deep the retrace will be and how many shorts can we open before going back up.

[noobtrader]

We will get up to the 300$, buy pressure seems to kick in pretty well and good news keep coming

But for the retrace hater people here if you take a longer timeframe, were still headed to double top and retrace, before a bigger move confirms

https://www.tradingview.com/x/tEaDyufa/

hey i just see cup and handle pattern... am i right

so whats the medium target price ? 400 ?

[spooderman]

I've been in to bitcoin for years, and only last year did I manage to get [a HODLING system] that didn't keep me awake at night.

And what was that? I still feel some discomfort.

laptop. battery powered. room with no windows. take out HD. boot up with tails. insert USB stick with bitaddress.org HTML on it. Open html in firefox. generate wallet. connect to dumb printer. print out wallet. LAMINATE KEYS (one story on here of a guy spilling whisky all over his paper wallet). put in fire proof safe. extra points if you destroy the laptop afterwards (totally unnecessary ).

I sleep fairly well now.

But something more secure still is on its way as I've told too many people that this is what I did.

[adamstgBit]

 .618 fib would make sense, IF we weren't headed to 32,000$, no time to waste, fuck these "pull backs"  

jokes aside, i'm really hoping we can steam pass 300 b4 some bear whale takes a massive dump

There is absolutely no chance of us steaming past $300, the traders will dump ~$300, most people I speak to have $305 targets. The question is how quick and how deep the retrace will be and how many shorts can we open before going back up.

ya i'm looking for ~310 myself

if that target is reached I become a buyer <300

i have a feeling once we pop over 300 this shit is going to get retardedly stable bouncing from 295 to 305 for days

[spooderman]

'retardedly stable'

[RD965]

We will get up to the 300$, buy pressure seems to kick in pretty well and good news keep coming

But for the retrace hater people here if you take a longer timeframe, were still headed to double top and retrace, before a bigger move confirms

https://www.tradingview.com/x/tEaDyufa/

hey i just see cup and handle pattern... am i right

so whats the medium target price ? 400 ?

As adam says, around 310$ area could be next high, but needs a retrace

[rolling]

I've been in to bitcoin for years, and only last year did I manage to get [a HODLING system] that didn't keep me awake at night.

And what was that? I still feel some discomfort.

laptop. battery powered. room with no windows. take out HD. boot up with tails. insert USB stick with bitaddress.org HTML on it. Open html in firefox. generate wallet. connect to dumb printer. print out wallet. LAMINATE KEYS (one story on here of a guy spilling whisky all over his paper wallet). put in fire proof safe. extra points if you destroy the laptop afterwards (totally unnecessary ).

I sleep fairly well now.

But something more secure still is on its way as I've told too many people that this is what I did.

Should make sure the private keys are BIP-38 encrypted too so if anyone does find the keys (by stealing your fire-proof box), they still need the password to use them which would give you enough time to move the bitcoin with your backup copy of the keys.

[Sitarow]

[adamstgBit]

'retardedly stable'

we could be in the 'retardedly stable' area now 280-290 for days?

if thats the case, i'll pass when we break up over 310, and look forward to playing in the 350 zone

bull markets... Fucking Wonderful!

[noobtrader]

'retardedly stable'

we could be in the 'retardedly stable' area now 280-290 for days?

if thats the case, i'll pass when we break up over 310, and look forward to playing in the 350 zone

bull markets... Fucking Wonderful!

 i bet btc 400usd next week.

[RD965]

'retardedly stable'

we could be in the 'retardedly stable' area now 280-290 for days?

if thats the case, i'll pass when we break up over 310, and look forward to playing in the 350 zone

bull markets... Fucking Wonderful!

 i bet btc 400usd next week.

You like to bet ah

nothing to do with trading

[NotLambchop]

Bulls:  Why price so limp?  This ain't no way to conquer The Final Frontier.
Did y'all forget how to work the "buy" button?
Now put some heart into it.
ty

[noobtrader]

'retardedly stable'

we could be in the 'retardedly stable' area now 280-290 for days?

if thats the case, i'll pass when we break up over 310, and look forward to playing in the 350 zone

bull markets... Fucking Wonderful!

 i bet btc 400usd next week.

You like to bet ah

nothing to do with trading

while TA suggest that btc may not pass 300 usd but Fundamentally btc is getting alot better.

[bassclef]

We will get up to the 300$, buy pressure seems to kick in pretty well and good news keep coming

But for the retrace hater people here if you take a longer timeframe, were still headed to double top and retrace, before a bigger move confirms

https://www.tradingview.com/x/tEaDyufa/

If there is not enough selling in the market, it doesn't matter what that mess of a chart says.

Selling is the only thing that stands in the way of higher prices. And we have been shaking it out of the market for months--It would be risky to trade pullbacks with bears in such a weak position to move the price down very far.

We are coming out of a rising bottom accumulation trading range defined by the crash to $160 and correction to $315... Any available supply has literally been vacuumed out of the market by strong hands. Now that it's just about gone, the market moves up with ease. This idea always confuses bears who think the market is moved by some other force than supply and demand. Indeed it works in reverse at market tops when all the bulls get delusional yet the market is flooded with supply.

If we bust above $300 or $315 on heavy volume and the pullback is weak and on low volume, it's a signal that the bottom is in and a new bull market is beginning. The former resistance line at the top of the trading range is now support. Here we add to longs, not open shorts.

[NotLambchop]

Have this nagging feeling I'll soon be seeing many "Bitcoin value has nothing to do with exchange price" & "It's not about profits, it's about mah freedomz" posts.

Not sure why, just a hunch

[JorgeStolfi]

Bitcoin isn't Gold, Steel or Cement. In theory an ETF (or similar) shouldn't be necessary. I understand that a lot of investors like to work that way, but it's kind of odd when they just as well could open an account on Coinbase and trensfer it to a Trezor.

institutional investors dont or rather cant do that.

In terms of safety, investing in bitcoin (remotely) by buying GBTC shares does not seem to be much safer than buying and keeping (a bit more directly) in a Coinbase wallet. 

As for institutional investors: recall that Fortress Investment (a multibillion financial outfit, not to be confused with TradeFortress) bought some number of bitcoins directly in 2013.  Bitcoin was the only red stain in their 2014 quarterly reports.  Fortress quicky got rid of their bitcoins, swapping them for equity in the Pantera subsidiary that runs the PBP bitcoin fund. (Note: not shares of the fund, but shares of the managing company).

This example shows that some big institutional investors could invest in raw bitcoins, but currently don't want to, presumably due to its high risk and unpredictable future.  These same reasons should prevent them from buying GBTC or COIN shares, since their financial risk cannot be better than bitcoin's.

[NotLambchop]

...(a multibillion financial outfit, not to be confused with TradeFortress)...

...but I digress