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

[podyx]

Looks like a rounded top on huobi, heading lower?? (5min chart)

[Killerpotleaf]

Looks like a rounded top on huobi, heading lower?? (5min chart)

dont worry

750 is not sustainable by any means

price must rise.

i strongly suspect the biggest leg up has yet to be seen.

in other news... Mike Maloney needs MORE!
https://www.youtube.com/watch?v=lvHLUoi5taU

[BTC_ISTANBUL]

There will be a correction, the price to 713 USD but probably will test 685 USD.The indicators are showing anomaly and in a three day time period the the small wave (trend) will be defined.Still, the main trend is up.

[Temp_JayJuanGee]

There will be a correction, the price to 713 USD but probably will test 685 USD.The indicators are showing anomaly and in a three day time period the the small wave (trend) will be defined.Still, the main trend is up.

Shouldn't we question whenever posters describe the future in absolutes?

 Sure, it is possible that you could be correct about another downwards correction in the near-term mix, but in the past 7 weeks, we have had several moderate corrections already in our low trade volume rise up from $605.

Besides your downward prediction, I think that there are fairly decent chances that BTC prices could either continue to meander upwards into the upper $700s or into the lower to mid $800s before any additional and meaningful correction plays itself out.

I do agree with your overall conclusion about overall upward trend.. and I think that we would have to have a meaningful correction at least below $550 and maybe nearly into the $400s before it would be reasonable to call the current trend anything but upwards (since lower to mid-$200s, by the way... hahahahaha)

[BTC_ISTANBUL]

I am not a fortune teller.I am reading the price and volume indicators.BTC must rest at these prices for a while and make correction before continuing the uptrend.And also there will be a sharp movement, this can happen to both sides however the low chance is 63%.This is my systems results.We will see the results in 3 days time.

[Denker]

I am not a fortune teller.I am reading the price and volume indicators.BTC must rest at these prices for a while and make correction before continuing the uptrend.And also there will be a sharp movement, this can happen to both sides however the low chance is 63%.This is my systems results.We will see the results in 3 days time.

Do you noticed the dump we've seen a few days ago?
From 750 down to 710!
And have you also noticed the quick and strong bounce after that?
I'm always amused when someone thinks to know what the market has to do.This is not how it works my friend!Never try to go against the market, you will only get hurt.
I see the 700 range as a good solid bottom, and even if we should go lower it won't be for long.

[kludzins]

There will be a correction, the price to 713 USD but probably will test 685 USD.The indicators are showing anomaly and in a three day time period the the small wave (trend) will be defined.Still, the main trend is up.

Look at 1w chart. I don't see that BTC needs correction...

[julian071]

Don't you guys think that after all those failed attempts to brake resistance at 5400 yuan, and with Christmas coming, it is time for an epic dump?

[yefi]

Face it. Slow accumulation of a nest egg is pretty boring.

It is mighty fun to secretly admire that egg with a gleam in one's eye though.

[becoin]

Don't you guys think that after all those failed attempts to brake resistance at 5400 yuan, and with Christmas coming, it is time for an epic dump?

After all those failed dumps?

[julian071]

Don't you guys think that after all those failed attempts to brake resistance at 5400 yuan, and with Christmas coming, it is time for an epic dump?

After all those failed dumps?

True. Let's see what happens at the next test of the resistance....

[Blavatsky]

Don't you guys think that after all those failed attempts to brake resistance at 5400 yuan, and with Christmas coming, it is time for an epic dump?

still 1 month until the Christmas, what is years in Bitcoin trading time

[becoin]

Don't you guys think that after all those failed attempts to brake resistance at 5400 yuan, and with Christmas coming, it is time for an epic dump?

still 1 month until the Christmas, what is years in Bitcoin trading time

Even if Christmas was tomorrow, so what? Why do you think it'd be negative for bitcoin price?

[saatana]

Don't you guys think that after all those failed attempts to brake resistance at 5400 yuan, and with Christmas coming, it is time for an epic dump?

still 1 month until the Christmas, what is years in Bitcoin trading time

Even if Christmas was tomorrow, so what? Why do you think it'd be negative for bitcoin price?

doesn't matter one way or another because it is far away, but the end of year was dump time in the last two years

[julian071]

Don't you guys think that after all those failed attempts to brake resistance at 5400 yuan, and with Christmas coming, it is time for an epic dump?

still 1 month until the Christmas, what is years in Bitcoin trading time

Even if Christmas was tomorrow, so what? Why do you think it'd be negative for bitcoin price?

It's an expensive month, so I'd presume people that don't get a thirteenth month of salary would have to cash out some. Also less trading so less traders to absorb the coins that are being minted.

[DARKHOLDER]

Don't you guys think that after all those failed attempts to brake resistance at 5400 yuan, and with Christmas coming, it is time for an epic dump?

After all those failed dumps?

True. Let's see what happens at the next test of the resistance....

Last chance to sell at 740 ...

[Kramerc]

Yup, already sold all my coins at the quintuple top around 5400.

[Pai Mei]

By the way, any effect of the Black Friday on Bitcoin prices?

What happened last years

[becoin]

Don't you guys think that after all those failed attempts to brake resistance at 5400 yuan, and with Christmas coming, it is time for an epic dump?

still 1 month until the Christmas, what is years in Bitcoin trading time

Even if Christmas was tomorrow, so what? Why do you think it'd be negative for bitcoin price?

doesn't matter one way or another because it is far away, but the end of year was dump time in the last two years

Last two years we were in a downtrend. This year we are in uptrend.

Lots of small size buying from average Joe and Mary countered by few dumping institutionalized centers using borrowed bitcoins. The latter party is doing everything to suppress price. From network tx spam to media campaigns to get big blocksize agenda back in focus. Generally, by the end of the year all shorts have to unwind and borrowed bitcoins paid back. Generally, Joe and Mary don't have to unwind their longs as they don't borrow fiat to buy bitcoin. While bitcoin price keeps creeping higher despite all dump efforts, expect more hysteria and panic from big blocktard crowd.

[Paashaas]

So, whats going on with the R3CEV blockchain consortium banksters?

Goldman Sachs, Santander and now Morgan Stanley are leaving this sinking ship... I think they starting to realize they cant compete Bitcoin 

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