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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26368922 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
savetherainforest
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December 25, 2016, 05:38:43 PM
Last edit: December 25, 2016, 05:58:20 PM by savetherainforest

I keep thinking about transferring a chunk of my retirement funds into Bitcoin.

This is the type of stuff you read right before a blow off top involving collapse of financial institutions.



All of my retirement funds are in BTCitcoin...  Cheesy Cheesy Cheesy Cheesy Cheesy




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Dafar
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December 25, 2016, 05:57:31 PM

I already have enough BTC but just bought 6 more.....


highest price I ever paid per BTC..... I screwed up didn't I lol.... nooo crash incoming!



LOOKS LIKE I BOUGHT AT THE TOP OF THE RALLY... IT'S OVER FOLKS, BITCOIN RALLY IS OVER BACK TO SUB $700s!!


See you all next year
savetherainforest
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December 25, 2016, 06:00:31 PM

I already have enough BTC but just bought 6 more.....


highest price I ever paid per BTC..... I screwed up didn't I lol.... nooo crash incoming!



LOOKS LIKE I BOUGHT AT THE TOP OF THE RALLY... IT'S OVER FOLKS, BITCOIN RALLY IS OVER BACK TO SUB $700s!!


See you all next year

I like it when you beg for cheap coins...  Cool
Dafar
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December 25, 2016, 06:05:21 PM

I already have enough BTC but just bought 6 more.....


highest price I ever paid per BTC..... I screwed up didn't I lol.... nooo crash incoming!



LOOKS LIKE I BOUGHT AT THE TOP OF THE RALLY... IT'S OVER FOLKS, BITCOIN RALLY IS OVER BACK TO SUB $700s!!


See you all next year

I like it when you beg for cheap coins...  Cool


My cost avg is in the 500's....  we're far beyond the cheap phase for now. I'm just annoyed I bought in the $900s like a noob
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December 25, 2016, 06:07:51 PM



Fortunately, we won't need banks anymore in the future.  Wink

Prediction: the rally is gonna resume pretty soon.
savetherainforest
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December 25, 2016, 06:39:23 PM

I already have enough BTC but just bought 6 more.....


highest price I ever paid per BTC..... I screwed up didn't I lol.... nooo crash incoming!



LOOKS LIKE I BOUGHT AT THE TOP OF THE RALLY... IT'S OVER FOLKS, BITCOIN RALLY IS OVER BACK TO SUB $700s!!


See you all next year

I like it when you beg for cheap coins...  Cool


My cost avg is in the 500's....  we're far beyond the cheap phase for now. I'm just annoyed I bought in the $900s like a noob

Well I knew there was going to be a correction in the range of $870 < - > 905$ .. but I assumed or guessed that was common knowledge.. Smiley




*edit: But don't worry... we ain't coming back! So you bought good... Cuz to be honest selling for less than 200k usd per coin in the next 20 years is just pointless and does not respect the true value.
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December 25, 2016, 08:22:46 PM

Well, head and shoulders chart pattern complete... resume uptrend. And.. that's what looks to be happening.

We'll be back over 900 next week. Could see 1000 fall in 2016 yet!
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December 25, 2016, 09:40:01 PM



Fortunately, we won't need banks anymore in the future.  Wink

Prediction: the rally is gonna resume pretty soon.
Just noticed it rising up so bought just as it was rising at $883. Glad I did cause it increased my little buy up by $5 in 20 minutes.
Easiest money I have ever made.
Keep rising little bitcoin keep going higher! Grin
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December 25, 2016, 10:23:53 PM

Well, head and shoulders chart pattern complete... resume uptrend. And.. that's what looks to be happening.

We'll be back over 900 next week. Could see 1000 fall in 2016 yet!
Um, head and shoulders are bearish, no?  

I am still quite bullish for the upcoming week though.  There is greed in the air, but given the long winter, it seems more likely to be spring than the end of summer.
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December 25, 2016, 10:26:45 PM

Well, head and shoulders chart pattern complete... resume uptrend. And.. that's what looks to be happening.

We'll be back over 900 next week. Could see 1000 fall in 2016 yet!
Um, head and shoulders are bearish, no?  

I am still quite bullish for the upcoming week though.  There is greed in the air, but given the long winter, it seems more likely to be spring than the end of summer.

Yes, they are.
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December 25, 2016, 11:06:23 PM

Well, head and shoulders chart pattern complete... resume uptrend. And.. that's what looks to be happening.

We'll be back over 900 next week. Could see 1000 fall in 2016 yet!
Um, head and shoulders are bearish, no?  

I am still quite bullish for the upcoming week though.  There is greed in the air, but given the long winter, it seems more likely to be spring than the end of summer.

Yeah.  There was a tiny one on the 30 minute charts that played out already.  Just noise if you zoom out a bit.
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December 25, 2016, 11:45:47 PM

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.


Yep.... There was a pretty decent attempt to test support levels.. and only able to drive prices down to $859...


I have no problem with experiencing continued upwards price movement... I profit much more from continued upwards price movement than I do from various corrections, especially if they end up resulting in deeper levels of price correction or even a kind of price reversal or price flatness.

Accordingly, right now, it seems like we have continued upwards price pressures and ongoing decent price support.

Nonetheless, I stand by my earlier comments concerning our needs to prepare psychologically and even in our own BTC holdings (and/or reserved fiat that is on standby for buying more BTC) that there could be some decent price corrections in our near term future.

I will admit that I am quite surprised by our current state of bitcoin.. because if you look back at my posts, I was continuing to say that I expected a pretty decent probabilistic chance of a price correction sometime after lower $600s either before reaching the mid $800s or even more probabilistically before reaching $900... and I will admit that I have been proven wrong, or at least BTC prices went into an area that I considered to be less probabilistic (more bullish).

I also said on several occasions, once we pass mid to upper $800s, that we are likely to go  straight (more or less) into the $3k to $5k price territory.  Since we got from lower $600 to lower $900s without any meaningful correction, I am now thinking that it is going to be a bit more difficult to get into the $3k to $5k price territory without a meaningful price correction.  I am going to have to revise my thinking.. so at this time, I am thinking maybe tentatively that if we do not get a meaningful correction before passing old ATH ($1163), then probably our top for this run would be in the $1,900 to $3,500 arena)..

Sure, any and all price predictions are based on probabilities, ranges and change with the happening of subsequent (and possibly unanticipated events).

JayJuanGee
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December 25, 2016, 11:49:05 PM

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.   Cool


hahahahaha

It's the "legendary" noobtrader spreading wisdom.

You need to petition the PTB to allow yourself a name change... just request to have a NOT added somewhere in your name (front, middle or back).
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December 26, 2016, 12:20:00 AM

Floating around 900 dollars but my time has come for a good night's sleep. I'm switching off everything tonight, got too much caught into trading lately. Rest is needed for the best is yet to come.
Hold onto your BTCBTCBTC
 Wink
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December 26, 2016, 12:42:21 AM

Stop crying Dafar I wish that I could buy more coins. You're clueless if you think that you paid too much.
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December 26, 2016, 12:58:27 AM



Monday is coming ...
JayJuanGee
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December 26, 2016, 01:13:42 AM

[http://imagizer.imageshack.us/a/img922/382/Rft8of.png[/img]

Monday is coming ... [http://imagizer.imageshack.us/a/img923/9918/L6LLq0.gif[/img]


I'm not sure what "Monday" means, exactly.

Lots of western banks will be closed on Monday, no?

So, what is the significance of this coming Monday (tomorrow)?
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December 26, 2016, 01:16:51 AM

[http://imagizer.imageshack.us/a/img922/382/Rft8of.png[/img]

Monday is coming ... [http://imagizer.imageshack.us/a/img923/9918/L6LLq0.gif[/img]


I'm not sure what "Monday" means, exactly.

Lots of western banks will be closed on Monday, no?

So, what is the significance of this coming Monday (tomorrow)?

Another Yuan de-val perhaps?

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December 26, 2016, 01:25:43 AM

3K BTC @ $920 sell wall on Bfinex
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December 26, 2016, 01:39:58 AM

3K BTC @ $920 sell wall on Bfinex


Wow!!!!!!!!


I see that.

3639 BTC, when I just looked at it, just now (that's about $3.35 million).

For those folks who don't believe in walls, that is definitely a decent sized wall.

What do we believe is going to happen in the coming hours?

Bought into?

Pulled?

Scare off buyers and encourage sellers to drive down the price?

Or some combination of the above?


(Edit:  It's already gone and down to 664 coins).. so someone is showing that they are in control of 3k coins by flashing the wall... Are they willing to sell them?  That may be another story.  But flashing could be enough of a message to show that at least one bear whale is not running out of coins any time soon.


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