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

[600watt]

bear trap

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[the artful bodger]

BTC hates you greedy bastards and dump on Christmas. Next stop 800$

Happy Christmas.

It's testing the resistance from three days ago. Seven days ago it was under $800. It can't keep going up over a hundred dollars a week without retraces. If you zoom in on the run up to the last ATH there were big retraces before it made it.

This one was likely because all the banks in the west are closed for a few days, which stops money getting through to exchange. When the banks have reopened the price might go back up over $900 again.

[molecular]

BTC hates you greedy bastards and dump on Christmas. Next stop 800$

Happy Christmas.

It's testing the resistance from three days ago. Seven days ago it was under $800. It can't keep going up over a hundred dollars a week without retraces. If you zoom in on the run up to the last ATH there were big retraces before it made it.

This one was likely because all the banks in the west are closed for a few days, which stops money getting through to exchange. When the banks have reopened the price might go back up over $900 again.

I can't wait for the "over 9000" memes.

Might take a year or 4, though. But who knows... this is bitcoin.

[hulla]

Xmas correction to 860$ and then rocket goes to moon?

Is not even $860. It was $800 and now the price it going $900 cos the current price is $899. Rocket does go to the moon

I hope it comes back to $800 for some time, I'm prepared to purchase more of bitcoins for $800, but not for more than that.

Bitcoin is sustaining the price of $899-$900 today by the way.

The prediction says the price will rise above $1000 next year. So, I think you're a lil late for that. Though the current price is $888 and that because of the Christmas holiday.

[Raja_MBZ]

Xmas correction to 860$ and then rocket goes to moon?

Is not even $860. It was $800 and now the price it going $900 cos the current price is $899. Rocket does go to the moon

I hope it comes back to $800 for some time, I'm prepared to purchase more of bitcoins for $800, but not for more than that.

Bitcoin is sustaining the price of $899-$900 today by the way.

The prediction says the price will rise above $1000 next year. So, I think you're a lil late for that. Though the current price is $888 and that because of the Christmas holiday.

See, it was $900 yesterday, today it is $867, I still think that it is going to calm down for a day, before even the new year, will go down to somewhat like $800-$825 before January. That'll be the best time to get some more of it.

[gembitz]

https://blog.torproject.org/blog/tor-heart-cryptocurrencies

 

 " Tor provides privacy to cryptocurrency transactions! "
===>*Posted December 20th, 2016

[Fakhoury]

BTC hates you greedy bastards and dump on Christmas. Next stop 800$

Happy Christmas.

It's testing the resistance from three days ago. Seven days ago it was under $800. It can't keep going up over a hundred dollars a week without retraces. If you zoom in on the run up to the last ATH there were big retraces before it made it.

This one was likely because all the banks in the west are closed for a few days, which stops money getting through to exchange. When the banks have reopened the price might go back up over $900 again.

I can't wait for the "over 9000" memes.

Might take a year or 4, though. But who knows... this is bitcoin.

Why so bearish, we could be there in the coming month

[Fakhoury]

bear trap

100% correct

[Chainsaw]

I can't wait for the "over 9000" memes.

Might take a year or 4, though. But who knows... this is bitcoin.

Ditto - probably closer to 4, depending on how you count 

Can't wait to start seeing in the Wall Observer thread.

All it would take is two or more mega-whales get in a bit-grabbing race. (The likelihood of this increases as price keeps rising.) I see a spike to the 10K within a few months as being incredible, unlikely...but certainly possible.

[boumalo]

The FED will have to acknowledged that we are in a recession after the us presidential election then it will probably ease even more so the $ will drop and the bictoin will gain nominal value as well as real value.

The US economic fundamentals are great for Bitcoin :

The FED raised interest rates of 0.25 which shows the economy is very weak and can't afford higher interest rates. In years of so called tightening policy it raised interest rates of only 0.5 and they still are at historically low levels. The FED didn't shrink the balance sheet either and is reinvesting interests from maturing bonds.

When the sh.it will hit the fan and bubbles will burst, the $ value will likely go down so the Bitcoin value in $ and in real terms will go up.

Bitcoin needs more good publicity but it will get it when the price will soars, it needs to be more and more adopted, in what proportion is it the case ?

[soullyG]

Bear trap nearly over, time for some FOMO

[Fakhoury]

Bear trap nearly over, time for some FOMO

What made you so sure ?

[sirazimuth]

Bear trap nearly over, time for some FOMO

What made you so sure ?

huh! was just about to post bump some really cool FOMO memes!

[Fakhoury]

Bear trap nearly over, time for some FOMO

What made you so sure ?

huh! was just about to post bump some really cool FOMO memes!

I'm not against the up leg for sure, what I've saw a lot of people talking about that today is the most bullishest day in the rally and we will continue so soon.

Example

[thebitcoingirl]

bubble resumed, new bull wave starting..

[JayJuanGee]

Xmas correction to 860$ and then rocket goes to moon?

Is not even $860. It was $800 and now the price it going $900 cos the current price is $899. Rocket does go to the moon

I hope it comes back to $800 for some time, I'm prepared to purchase more of bitcoins for $800, but not for more than that.

Bitcoin is sustaining the price of $899-$900 today by the way.

The prediction says the price will rise above $1000 next year. So, I think you're a lil late for that. Though the current price is $888 and that because of the Christmas holiday.

See, it was $900 yesterday, today it is $867, I still think that it is going to calm down for a day, before even the new year, will go down to somewhat like $800-$825 before January. That'll be the best time to get some more of it.

Hope springs eternal.


You are saying:  "I sure hope it  goes down so I can buy some more.. ... "

Good luckie with holding out for thatie.   

We had some decent down... .. hahahahahaha.. and I was buying all the way down...

I actually got a little nervous at $860 because accidentally I had filled duplicate orders at $860.... and I was thinking "oh shit I bought more than I expected"  but now, it is seeming to have worked out pretty well.. .. and sell orders have already begun triggering.. even though we may be back at $920 in less than a day... could be, no?

[JimboToronto]

Good morning Bitcoinland and a very merry Xmas to all, bulls and bears, holders and traders alike. Happy holidays to those who don't do Xmas.



I see we had a little Xmas eve dip and we're halfway back up already... $886USD/$1200CAD at Bitcoinaverage.

If it had been deep enough to consider buyable, I'd be pissed off that everything's closed except a few 24-hour convenience stores with exorbitant BTC ATM fees. As it is, I don't consider a dip worth buying if its ahead of where we were the day before yesterday.

Just a minor glitch on low volume. Not a stocking full of goodies but not a lump of coal either.

I guess we'll have to make do with friends, family, food and fun. Cheers to all.

[Ibian]

Just remember that anything above 850 is awesome.

You seem to be setting yourself up for failure if you are expecting $850 to hold in order for bitcoin to be in a state of "awesome"

We gotta also remember that we have not really experienced any kind of meaningful downward price correction since the lower $600s, so we could experience a correction that goes down 15% to 25% or even more (even as far down to lower $600s), and we will still be a decent state with bitcoin and I believe that we would still be in a bull price uptrend as long as prices generally stay above $600.. even if there were a spike below $600.

I think that bitcoin is in a state of awesome because it already spiked up to $920, and so far we have had about a 7% correction from the $920 price of the past couple of days...

I don't bank on any such spike below $600 (which would be a quite large 50% correction), but certainly, I am currently in a phase of buying bitcoins, and I am buying in small increments all the way down - even if prices were to spike below $600..

In this correction, I have been buying in small increments since $890...   because I have no clue regarding how long this correction will last or when it will stop..... which seems quite plausibly below $850.. and I think that we are still in a state of "awesome" because it was quite amazing to go from $790 to $920 in a matter of just a couple of days...

We remain awesome.

[noobtrader]

Hi everyone... Christmas season is a full of magic, gifts, carols and joyous celebration. Have the best Christmas ever by having BTC price reaching 1000usd.  

[marcus1986]

Hi everyone... Christmas season is a full of magic, gifts, carols and joyous celebration. Have the best Christmas ever by having BTC price reaching 1000usd.  

Or reaching 9588$  Christmas and New Year magic!