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

[RayX12]

Bada Boom!!

Venezuelans Switching to Use of Bitcoins for Payments, Necessity Purchases
https://sputniknews.com/latam/201612161048650138-bitcoins-venezuela-payments-purchases/

Big Badaboom

https://www.youtube.com/watch?v=Uwzg7SYZKF0

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[JayJuanGee]

Literally the only thing holding the price up is the Huobi bot buying "btc" with fake CNY

That's a bit conspiratorial to believe that Chinese exchanges control BTC prices with bots and fake volume.  We have known this fairly solidly for nearly 3 years that chinese volume is likely fake, controlled by bots (and also has zero fees).

[2017Bubble]

[JimboToronto]

Weird. Just checked in before going to bed to see the price at $1234.56CAD.

At least the price is moving up a little.

The CAD ATH is $1255. Will I miss a new one while I'm sleeping?

[JayJuanGee]

Weird. Just checked in before going to bed to see the price at $1234.56CAD.

At least the price is moving up a little.

The CAD ATH is $1255. Will I miss a new one while I'm sleeping?

Toknormal (Edit.... Whoops.. .I had  meant to say Torque - for some reason, I had been getting those two names mixed up)  must be rubbing off on you with the numerology thingie majiggie.

hahahaha  

[JimboToronto]

Weird. Just checked in before going to bed to see the price at $1234.56CAD.

At least the price is moving up a little.

The CAD ATH is $1255. Will I miss a new one while I'm sleeping?

Toknormal must be rubbing off on you with the numerology thingie majiggie.

hahahaha   

No numerology bro.  Just pointing out an odd coincinence.

I like logic and mathematics. That's why I like Bitcoin.

[rjclarke2000]

This is very interesting. I wonder what will happen. I love looking at the charts with trend lines, support and resistance!

[JayJuanGee]

Weird. Just checked in before going to bed to see the price at $1234.56CAD.

At least the price is moving up a little.

The CAD ATH is $1255. Will I miss a new one while I'm sleeping?

Toknormal must be rubbing off on you with the numerology thingie majiggie.

hahahaha  

No numerology bro.   Just pointing out an odd coincinence.

I like logic and mathematics. That's why I like Bitcoin.

In the past day or so, I have been becoming a bit more nervous about whether we are going to witness a bit of a correction from the recent uptrend.  

Sure we got a 7% correction in the past couple of days from $920 to $860, and as I type, we are nearly back up to $920 again, but I guess I remain a bit nervous about whether more upwards price movement can continue without either some flat or some additional correction.  

We will see in the coming days (or hours when we break through $920) whether the upwards BTC price pressures is more bullish than my current trepidations.

I am also too chicken shit to cash out anything more than my normal practice of ongoing incremental and small cash outs as the price goes up... and then buying back on dips.  In recent days, I made several buy backs in the $860 to $900 price range... so yeah, my bitcoin holdings are continue to increase and they are greater than than they were the last couple of times that we visited $920, in the past couple of days.... ..

Edit:  If we go to $920 again in the coming hours and if we are able to surpass such, then maybe I will become a tiny bit more bullish about this current uptrend leg.. and then maybe $1,000 will be the next area of question?.....

[tabnloz]

Weird. Just checked in before going to bed to see the price at $1234.56CAD.

At least the price is moving up a little.

The CAD ATH is $1255. Will I miss a new one while I'm sleeping?

Toknormal must be rubbing off on you with the numerology thingie majiggie.

hahahaha  

No numerology bro.   Just pointing out an odd coincinence.

I like logic and mathematics. That's why I like Bitcoin.

In the past day or so, I have been becoming a bit more nervous about whether we are going to witness a bit of a correction from the recent uptrend.  

Sure we got a 7% correction in the past couple of days from $920 to $860, and as I type, we are nearly back up to $920 again, but I guess I remain a bit nervous about whether more upwards price movement can continue without either some flat or some additional correction.  

We will see in the coming days (or hours when we break through $920) whether the upwards BTC price pressures is more bullish than my current trepidations.

I am also too chicken shit to cash out anything more than my normal practice of ongoing incremental and small cash outs as the price goes up... and then buying back on dips.  In recent days, I made several buy backs in the $860 to $900 price range... so yeah, my bitcoin holdings are continue to increase and they are greater than than they were the last couple of times that we visited $920, in the past couple of days.... ..

Edit:  If we go to $920 again in the coming hours and if we are able to surpass such, then maybe I will become a tiny bit more bullish about this current uptrend leg.. and then maybe $1,000 will be the next area of question?.....

a correction with consolidation for a while would be healthy imo

[spooderman]

where's tera these days?

[Spaceman_Spiff]

where's tera these days?

He was posting a while back, so he is still in the game.

Price action is looking promising boys and girls, I am expecting another jump up...

[JayJuanGee]

where's tera these days?

He was posting a while back, so he is still in the game.

Price action is looking promising boys and girls, I am expecting another jump up...

Tera,

Tends to engage in a bit of wishful bearish thinking, and was kind of promoting bearish ideas in the lower $600s, and we have seen how that has worked out.. . so maybe she has been making incorrect BTC predictions in recent times.

Surely, it would not be a good idea to short these days, but taking some profits off the table may not be as bad of an idea. 

[Spaceman_Spiff]

where's tera these days?

He was posting a while back, so he is still in the game.

Price action is looking promising boys and girls, I am expecting another jump up...

Tera,

Tends to engage in a bit of wishful bearish thinking, and was kind of promoting bearish ideas in the lower $600s, and we have seen how that has worked out.. . so maybe she has been making incorrect BTC predictions in recent times.

Surely, it would not be a good idea to short these days, but taking some profits off the table may not be as bad of an idea. 

In any case the only sensible thing to do is hold. Maybe sell a small portion (permanently) if you think you need the money. You can't really trade because the exchanges suck and have low volume and it's so hard to predict a move or re-entry point, and your gain is unlikely to exceed taxes.

[Ted E. Bare]

China nearing 950$, go bitcoin go!

[JayJuanGee]

where's tera these days?

He was posting a while back, so he is still in the game.

Price action is looking promising boys and girls, I am expecting another jump up...

Tera,

Tends to engage in a bit of wishful bearish thinking, and was kind of promoting bearish ideas in the lower $600s, and we have seen how that has worked out.. . so maybe she has been making incorrect BTC predictions in recent times.

Surely, it would not be a good idea to short these days, but taking some profits off the table may not be as bad of an idea.  

In any case the only sensible thing to do is hold. Maybe sell a small portion (permanently) if you think you need the money. You can't really trade because the exchanges suck and have low volume and it's so hard to predict a move or re-entry point, and your gain is unlikely to exceed taxes.

I don't think that the only reasonable approach is to HODL.... I do think HODL and accumulate is a reasonable approach, but it is not the ONLY reasonable approach.

[Tzupy]

On Bitstamp the 12h PSAR flipped to bullish, on Chinese exchanges it's close but not yet.

[Spaceman_Spiff]

On Bitstamp the 12h PSAR flipped to bullish, on Chinese exchanges it's close but not yet.

You know what it means when even Tzupy gets bullish  .

[Tzupy]

On Bitstamp the 12h PSAR flipped to bullish, on Chinese exchanges it's close but not yet.

You know what it means when even Tzupy gets bullish   .

Flipped now on OKCoin too. This could mean a new major leg up, or that we are close to the top of the current leg up and a sizable correction will follow soon.

[spooderman]

oh shit here we go boys

[600watt]

nope