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

[ChartBuddy]

Coin

Explanation

[1714663603]

1714663603

[1714663603]

1714663603

[1714663603]

1714663603

[ssmc2]

The BTC market is unpredictable in the short term

My monkey says BTC goes down for two weeks more on a daily basis.  He thinks this is probably the start of a downtrend on a weekly basis as well.

Intraday, the monkey wants it to go down for 4 more hours before it turns up.

I agree about longer-term being more predictable in BTC, because my monkey has not done very well on the daily charts, but has generally done pretty well on the weekly charts, in the BTCUSD domain.

EDIT:  FYI, Monkey just flipped to bullish Intraday, expects another 3 hours of upside.

Hate to say it, but monkeys, rabbits, lions, humans- none of em know wtf is about to happen.

[r0ach]

Not me. I'll be ON A BOAT!!!

Monohull or catamaran

[empowering]

are we empowered?
 

[adamstgBit]

Hey bears, I'm with you, bitcoin is going to crash and burn.

all the way down to 340!!!

[r0ach]

This is it, which way are we going ladies:

[Fatman3001]

Not me. I'll be ON A BOAT!!!

Monohull or catamaran

I think I'd like this for the apocalypse.

For sale now for 1,5 mill NOK.

[JayJuanGee]

next year we will probably see double digits

so sell from now might be not so stupid

What a goof ball comment.. 

Even if what you are saying  is true  regarding the double digits in 1 year, what would be going on in the shorter term?  sell all now, and wait until next year, or do we just experience a slow decline of btc prices between now and next year? 

Your prediction makes no sense.  What is supposedly going to cause this down trend when in fact it appears that BTC has experienced a trend reversal (at least in the past 10 weeks or so).

Conclusion seems to be that either you are trolling, or you are talking your book because you shorted too early or you are paid to make these kinds of quip bullshit fantasy comments.

[adamstgBit]

HUGE~!!!!!

BITCOIN WILL BE AVAILABLE ON ETHEREUM BLOCKCHAIN

DEVCON NEWS: http://btcrelay.org

BTC Relay allows Ethereum developers to interact with the Bitcoin blockchain and verify Bitcoin transactions. Relayers who submit blocks to support the Relay can earn Ether.BTC Relay is an Ethereum contract that stores Bitcoin blockheaders. BTC Relay uses these blockheaders to build a mini-version of the Bitcoin blockchain: a method used by Bitcoin SPV light wallets.
BTC Relay is open-source, trustless, autonomous and decentralized: it is on the blockchain for all to use and not controlled by anyone.

this is bearish for ETH, now BTC will be favored as the value store / transport within the smart contracts, and ETH will be what it was designed to be, "anti spam fuel", the Ethereum project looks like it has a bright future, ETH/BTC not so much.

Not nessasarily. ETH value will be much higher than it currently is today. Yes BTC will be a store of value Ether was never trying to do that anyways. This does not mean Ether wont have much value. Ether will be digital fuel for the internet of things. It will probably be worth more than a bitcoin at some point in time. There will be over 1 trillion devices connected to the internet by 2020. I believe eth will be the alt to surpass all alts. Btc will still be used as store of value and everything its currently used for. This is still great for BTC in every way. Its only logical now the ETH price will rise dramatically as private / corportate investors hop on and accumulate this fuel for their upcoming development projects. Not to mention independent specualators who will buy mass amounts of Ether an hold for the future.

[r0ach]

We're coming in at the end of a micro and macro wedge + volume is now 0, means large chance of big red candle unless some China whale decides to flood the market with volume:

[koryu]

the high volatility attracted too many short-term traders, trying to profit from each minor triangle forming on the 3min chart on okcoin.

[ssmc2]

As long as we stay above 362 it's just noise within the larger pennant.

[adamstgBit]

i see a wall, a bid wall.

[adamstgBit]

we don't need your "money"
5

[adamstgBit]

we just wanna make the world dance

4

[aztecminer]

Not me. I'll be ON A BOAT!!!

Monohull or catamaran

I think I'd like this for the apocalypse.

For sale now for 1,5 mill NOK.

whatever u do dont buy one these boats: https://www.youtube.com/watch?v=w5N_bdJV7Ls or u will be xcrewed!

[LFC_Bitcoin]

A lot of noise but not much happening today.

I don't know about anybody else but 360-390 for a bit is fine by me. A period of stability is good before the next move up.

[Andre#]

The BTC market is unpredictable in the short term, but longer term the obvious patterns form.  If you are a long term bull, then trade on the long term patterns.  Buy/accumulate when the market is bottomed and no one cares, sell near top of rallies.  Then be patient to get back in, because a rally bubble can take a while to unwind. A LONG while.  There may even be several mini bull runs/short squeezes along the way, but ultimately the price ends up bottoming out way lower and all volume/volatility dies.

How about this as a strategy for a lazy trader (like me)? It's the cross-overs of K and J of the KDJ indicator.

[ChartBuddy]

Coin

Explanation

[adamstgBit]

“Silicon Valley is Coming”, Dimon said in a recent letter to shareholders wherein he acknowledged the competitive threat posed by Bitcoin and other payment alternatives.

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