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

[Feri22]

The rise was too sharp and too fast, that's true...but i still thought we will survive the 350 support...

[Tstar]

What gets me is just how brazen and rude it is
Rational people just roll their eyes when Bitcoin goes up and they're alway right

Not really. It's pretty simple; as soon as the demand becomes greater than the supply we're going up. This is just natural and I'm eager to see what is going to happen near and after the halving. Didn't the price always fluctuate (mostly towards down) after the Bitcoin auctions? Both sides are pretty weak depending on where you look. It could go either way anytime (although staying at $300 would be good).

Don't get me wrong: I do not want to compare BTC to LTC but as far as I remember the LTC halving didn't have much impact on LTC prices.
I'm not saying that it will be the same thing with BTC but it seems to me there are other things, much more powerful, that can shake the BTC trading for the good or the bad. So far what I've seen always happening is that when chinese buy, volume and price tend to the sky

[Feri22]

What gets me is just how brazen and rude it is
Rational people just roll their eyes when Bitcoin goes up and they're alway right

Not really. It's pretty simple; as soon as the demand becomes greater than the supply we're going up. This is just natural and I'm eager to see what is going to happen near and after the halving. Didn't the price always fluctuate (mostly towards down) after the Bitcoin auctions? Both sides are pretty weak depending on where you look. It could go either way anytime (although staying at $300 would be good).

Don't get me wrong: I do not want to compare BTC to LTC but as far as I remember the LTC halving didn't have much impact on LTC prices.
I'm not saying that it will be the same thing with BTC but it seems to me there are other things, much more powerful, that can shake the BTC trading for the good or the bad. So far what I've seen always happening is that when chinese buy, volume and price tend to the sky

Actually i think it trippled in value..then stopped on double value

[Lauda]

Don't get me wrong: I do not want to compare BTC to LTC but as far as I remember the LTC halving didn't have much impact on LTC prices.
I'm not saying that it will be the same thing with BTC but it seems to me there are other things, much more powerful, that can shake the BTC trading for the good or the bad. So far what I've seen always happening is that when chinese buy, volume and price tend to the sky

I don't think that it can be compared to Litecoin because of the massive size of the Bitcoin ecosystem which is not present with LTC. Actually it doesn't even come close. You do have a point, that other factors tend to be very deciding for the price. Although in order to make a guess, you'd have to look back at 2012. What kind of ecosystem did Bitcoin have then; what effect did the halving have? Something has to happen, else we lose some security as miners drop out.

[luckygenough56]

this thread is still hilarious thanks guys  

what happened to btc-e they finally aligned their price with other echanges, never thought i'd see the day 

[AmazonStuff]

Good morning from Europe! We are still going down? Any news?

[luckygenough56]

guys it's not the end of the world, price did lose only 200 dollars 

[Tstar]

What gets me is just how brazen and rude it is
Rational people just roll their eyes when Bitcoin goes up and they're alway right

Not really. It's pretty simple; as soon as the demand becomes greater than the supply we're going up. This is just natural and I'm eager to see what is going to happen near and after the halving. Didn't the price always fluctuate (mostly towards down) after the Bitcoin auctions? Both sides are pretty weak depending on where you look. It could go either way anytime (although staying at $300 would be good).

Don't get me wrong: I do not want to compare BTC to LTC but as far as I remember the LTC halving didn't have much impact on LTC prices.
I'm not saying that it will be the same thing with BTC but it seems to me there are other things, much more powerful, that can shake the BTC trading for the good or the bad. So far what I've seen always happening is that when chinese buy, volume and price tend to the sky

Actually i think it trippled in value..then stopped on double value

Look at the chart from August 25th onwards: nothing really happened. Only a very tiny increase in volume nothing else

[8up]

Told you so. 

first "real" correction is on the way.

Show is over for now. We'll go back to ~$300 and building a plateau there;  Price will oscillate between $300 and $400 while slowly creeping up to around $450 until jan/feb. From there, we will start the rise far beyond the ATH.

PSA: I call anything below $320 a must buy.

Will you buy the dip?

[luckygenough56]

Show is over for now. We'll go back to ~$300 and building a plateau there;  Price will oscillate between $300 and $400 while slowly creeping up to around $450 until jan/feb. From there, we will start the rise far beyond the ATH.

wise statement i think

[ChartBuddy]

Coin

Explanation

[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.

Hasn't crossed over quite yet  

I think we can settle on the crossing, right? 

[adaseb]

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.

Hasn't crossed over quite yet  

I think we can settle on the crossing, right? 

Its a lagging indicator, by the time you notice the cross, price will of already moved.

[ChartBuddy]

Coin

Explanation

[AmazonStuff]

BTCChina slightly below Bitfinex, if someone said this to me few days ago, I would not believe it

[600watt]

BTCChina slightly below Bitfinex, if someone said this to me few days ago, I would not believe it

they are all united now. epic launching pad in the making. 

[Swordsoffreedom]

BTCChina slightly below Bitfinex, if someone said this to me few days ago, I would not believe it

they are all united now. epic launching pad in the making.  

What the Chinese exchanges finally are trading at similar trading ranges to Finex
That is a bit surprising considering the variances for so long, must be that ponzi had to say it lol.

[DaRude]

BTCChina slightly below Bitfinex, if someone said this to me few days ago, I would not believe it

they are all united now. epic launching pad in the making.  

What the Chinese exchanges finally are trading at similar trading ranges to Finex
That is a bit surprising considering the variances for so long, must be that ponzi had to say it lol.

Just means that Chinese are cashing out now

[ChartBuddy]

Coin

Explanation

[Hyperjacked]

Looks like the whale has finally tired of the "keep-selling-into-my-own-walls" game.  Cause no takers, he's not making any money.  So no bounce.  

Will be much more fun to margin call the leveraged longs on the way down.

Easy Money!

Cheers Torque!