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

[podyx]

Unless we go below $650 I'd say we are in very bullish territory

[siera]

Good morning Bitcoinland.

Sorry no Chartbuddy quote today. Seems to be down.

Missed a day but I see we're back to scrapping over $680. Time to get this thing moving up.

Not this time. Again. And again?

[Elwar]

And we're back to $666

 

[hv_]

And we're back to $666

 

Stale.....like the scaling issue.

[AlexGR]

Bitcoin price bitching 101:

1) Price rises

-"It's a bubble"
-"Come on now, that's clearly not sustainable"
-"WhoTF is buying? That's all fake volume, some Chinese are faking the price at their fake zero fee exchanges"
-"Look at those longs - this is very dangerous for them getting squeezed"
-"My technical analysis chart (pulled out of my ass) indicates that we are heading for a big correction"

2) Price stable

-"Boring"
-"Scaling needs fixing"
-"We must increase 1MB limit to accommodate for higher traffic"
-"Come on now with this 666-400-250 bullshit"
-"Where did everybody go?"
-"Altcoin X is doing fabulously, while we get nothing"
-"Volume is depressing"

3) Price declines

-"Is crypto done? "
-"Who the fuck is selling, fuck this shit, seller go fuckyourself and die"
-"Price manipulation"
-"So the price last week was cheap coins huh?"
-"Damn I wish I had sold earlier"
-"So now that the trendline Z (which I pulled out of my ass) is broken, we must now find support down at -XXX$ from our current position"
-"Longs REKT" / "Shorters having a party"
-Coyote meme with rocket
-Titanic sinking meme

[AlexGR]

And remember: Always bitch, no matter what the price does

[ProfessionalBitsurgeon]

Bitcoin price bitching 101:

3) Price declines

(3) on moderate volume it is then.
Could pick up the pace a bit, but just a bit blase, not really bitching.

[savetherainforest]

Bear trap .. then bull trap.. then bear trap again.. bull trap again... then bear trap again... Guud stuff is cooking! The jukes and trolling on the charts are making waves!


I see just chinese counting money...

[BlindMayorBitcorn]

I just find it endlessly amusing. In an alternate universe this could have been us. Forkers.

[JayJuanGee]

Unless we go below $450 650   I'd say we are in very bullish territory

FTFY.... 

If you zoom out a bit, we remain in bullish territory so long as we stay above $450-ish. 

You know in the end of May, the bears and the banker shills kind of lost control over this BTC market, and surely they would have liked to have kept it in the $400s or lower, and even bouncing into the $500s, they would have preferred for such bounce to have been short-lived....

Sorry for your loss, bears and banker shills.   



NOT.


Anyhow, it's gonna take quite a bit of effort to reverse the current upward bull-ish price pressures.   We are in a great place at the moment, and we have quite a bit of a cushion before we need to start to worry.

Of course, no guarantees that we are continuing to go up, but it really seems that upwards price pressures remain, and the toothpaste is out of the tube - the swirley kind that you would be able to tell if you tried to put it back in.

[JayJuanGee]

And remember: Always bitch, no matter what the price does

Exactly...

When in doubt bitch... why do you think that some of us are following this thread?

[savetherainforest]

Unless we go below $450 650   I'd say we are in very bullish territory

FTFY....  

If you zoom out a bit, we remain in bullish territory so long as we stay above $450-ish.  

Dude... seriously now...?? WTF?... ... what is your end game? ... Who are you trying to trick???

Look... for example: You are a silver, gold or coal/quartz miner! And that mine you are mining is the only one in existance in The entire Universe!... And then I just come one day and tell you like a big shot that I am... that I will come every 4 years and I will be taking half of what you are producing and I will throw that away in to a radioactive volcano, black hole, supernova star.

Plz... no more propaganda!... I really don't want to bleach my eyes... cuz my eyes bleed when I read delusional unconscious trolling from someone with hundred thousands    of posts and hanging out in this place for years!

[JayJuanGee]

Unless we go below $450 650   I'd say we are in very bullish territory

FTFY....  

If you zoom out a bit, we remain in bullish territory so long as we stay above $450-ish.  

Dude... seriously now...?? WTF?... ... what is your end game? ... Who are you trying to trick???

Look... for example: You are a silver, gold or coal/quartz miner! And that mine you are mining is the only one in existance in The entire Universe!... And then I just come one day and tell you like a big shot that I am... that I will come every 4 years and I will be taking half of what you are producing and I will throw that away in to a radioactive volcano, black hole, supernova star.

Plz... no more propaganda!... I really don't want to bleach my eyes... cuz my eyes bleed when I read delusional unconscious trolling from someone with hundred thousands    of posts and hanging out in this place for years!

First, you cut out my explanatory text, so possibly you did not understand what I said you goofball.

Second, your analogy is kind of stupid because it does not capture what is actually happening in bitcoin.  If someone came and threw away half of what I was producing, I would quit, but that is not what is happening in bitcoin.  Instead, someone is putting a governor (if you know what that is?) on the mining operation in order that it can only produce half as much as it used to produce.  In any event, whatever point you were attempting to make seems to not be directly connected with my previous (edited out) comment.

[rjclarke2000]

How was jay trolling exactly? I can't see it. 

[Hyperjacked]

Couple weeks till the poll ends...anyone care to share what they voted?

I voted 650 two weeks ago

disclaimer:I'm right 76% of the time   

[JimboToronto]

How was jay trolling exactly? I can't see it. 

I don't see it either. It seems more like he's getting trolled.

Jay may be a permabull and at times (not this time though) he can get a little TLDR but I've never known him to troll.

I also agree that it has to go well below $500 to consider the bull run over. Remember, we were below $200 less than a year ago. The dip from $780 to below $600 was an obvious correction from a very steep rise but the bottoms are higher on every dip.

[Hyperjacked]

How was jay trolling exactly? I can't see it. 

Jays posts r 2 wordy otherwise I would have read past the second sentence but up till that point it did not appear troll worthy...

[JayJuanGee]

How was jay trolling exactly? I can't see it. 

I don't see it either. It seems more like he's getting trolled.

Jay may be a permabull and at times (not this time though) he can get a little TLDR but I've never known him to troll.

By the way, there are posters that participate in this thread (maybe sometimes a bit disgruntled that BTC price is not moving up fast enough) that are much more bullish than me, yet thanks for your recognition that I do not troll, because even though I have quite a lot of posts (especially in this thread), it is pretty rare that I will just throw in some comment that is nonresponsive or pure titilation for the sake of titilation.

On the other hand, I admit that I do sometimes get fairly forceful and maybe even bordering on abusive in my language that I intend to be directed at attempts to clarify or negate posts/posters that appear to be atopical or nonsense FUCD spreading.

I also agree that it has to go well below $500 to consider the bull run over. Remember, we were below $200 less than a year ago. The dip from $780 to below $600 was an obvious correction from a very steep rise but the bottoms are higher on every dip.

Yes.  I remain a bit uncertain about what to call the less than one day (June 22) "correction" below $600 that temporarily reached $540-ish. 

Sometimes, we may be better able to describe the event after a longer passage of history (hindsight is 20/20), because now we are kind of still in the middle of price discovery...   If you recall after we breached into the $500s, it took a bit of time to breach into the $600s and then our stay in the $700s did not last very long... but nonetheless, after reaching into the $700s, there have been several additional unsuccessful attempts to push prices below $600. 

Yeah, we cannot rest on laurels in that we definitely remain in striking distance of sub-$600, even though overall the price pressures are upwards.. and banker shills, bears and other anti-bitcoiners are going to need to spend quite a bit of capital or spread quite a lot of FUCD in order to get us out of the overall bull market.... also, we could be in a $550 to $750 price arena for a considerable amount of time, and so us bitcoin HODLers should be prepared for price movements in this range and not get discouraged regarding our remaining in a fairly decent place to continue to buy, HODL, and hopefully bring down our average cost per BTC while accumulating more BTC.

[marcus_of_augustus]

... another contrived, pathetic dump with bitcoin threatening to breakout above 700.

That's some weak shit shorts, get it together, you're barely keeping a lid on this.

[Hyperjacked]

... another contrived, pathetic dump with bitcoin threatening to breakout above 700.

That's some weak shit shorts, get it together, you're barely keeping a lid on this.

Marcus...it will move one way or the other after the bollinger band tightens and the sheep get sheared!

Of course the longer the sideways action the more explosive the spike!

disclaimer:I have no clue what I'm talking about