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

[JayJuanGee]

Closing the daily above 900$ for a green candle would be very bullish imo.

You were saying?



Short but green nonetheless. Bullish indeed.

WE DID IT!!

Well, "we" only have about 18 hours before "we" find out whether the weekly candle is going to be green or red.

The past 7 weekly candles are green, and the past 13 out of the past 14 are green.  I think that price has to be a bit above $995.30 on Bitstamp in order to finish in the green.. it's doable, but at this point, it could be too much wishful thinking?  What you think?  Is there anything that "we" can do to assist to accomplish such, beyond mere hoping?

Another red weekly candle in there would certainly not be bearish, and it may, actually be necessary in order for the upcoming bull run to be a bit more spectacular.  Any thoughts?

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[wutizurkwest]

[notme]

Definitely.  The question is... bulltrap or beartrap?

[simmo77]

So what's the consensus here? Everyone back in bitcoin or more down? Will the daily close above $900?

Didn't sell any.

Still waiting for my fiat to hit my local vendor's account after 2 days (because the banks are making money with my money in the meantime). Sent it Thursday night, want to buy the dip.

[dmwardjr]

I haven't sold any in a long time. I think I may sell a few if we can get back to around $1100. Will buy back more if we get into $800s

This.
Why the next pump will fall short. All the peoples that feel they missed out on the last peak will dump as soon as they can.

Been holding for a pretty decent amount of time. I hate selling coins but may need to pull some of my initial investment. Plus generally when I have sold in the past the price has gone up further each time lol. I'm not looking to dump, I'm in this for the long haul

Sorry, wasn't trying to single you out. Just noting the general past patterns in December of 2013. Namely the ones pointed out in this post.

https://bitcointalk.org/index.php?topic=178336.msg17436935#msg17436935


Edit:
Perhaps everyone here thinks that we are currently replaying October 2013 and haven't even made it to November yet?

Just to clarify, the only reason I posted 2013 to compare with current is to reveal just how volatile this can be.

[JayJuanGee]

Geat ready for pump round 2

How many rounds are there going to be in this recovery or uptrend?

Can I make a request to have 10 or 15?

[r0ach]

Definitely.  The question is... bulltrap or beartrap?

Doesn't matter.

Why you should convert all of your assets out of the banking system whether it be gold, silver, or bitcoin:

https://bitcointalk.org/index.php?topic=1082909.msg17437091#msg17437091

[JayJuanGee]

I haven't sold any in a long time. I think I may sell a few if we can get back to around $1100. Will buy back more if we get into $800s

This.
Why the next pump will fall short. All the peoples that feel they missed out on the last peak will dump as soon as they can.

Been holding for a pretty decent amount of time. I hate selling coins but may need to pull some of my initial investment. Plus generally when I have sold in the past the price has gone up further each time lol. I'm not looking to dump, I'm in this for the long haul

Why not just sell in small increments all the way up in order that you don't feel too pressured or over invested? 

Maybe that is what you are planning by selling a few at $1,100?

Currently I am selling about 1% of my holdings for about every 10% rise in the price, and I have been doing some variation of this since $250.. .. Sometimes you can sell a bit more, but it really helps to have sold some when the price drops, then you can buy back with the proceeds and not really feel as much anxiety about the loss - one of the problems that I have, however, is that the price drops 10% or 15% and I start to get a bit too excited and I buy back too much, and then if the price drops  5% or 10% I start to get gun shy about not buying back too much, just in case the price drops more...

I am still trying to learn a bit more self control in these regards.

[Loaded]

You been riding this, Loaded?

Hope this ain't a bull trap!

Always along for the ride.

[Sourgummies]

Geat ready for pump round 2

How many rounds are there going to be in this recovery or uptrend?

Can I make a request to have 10 or 15?

I second your request. 15-20 it is. To the moon again we go where we stop nobody knows.

[JayJuanGee]

tbh - I sold some at $940-950 on this bounce, I do not believe we will get back up to $1000 before another sizable drop. Too many people seem to be planning on unloading this time when we get to $1k again

Buy back target is in the low $800s, I think we will be in this $800-900 range for the next month or so, perhaps touching some of the support in the high $700s if people panic again for some reason.

Nothing wrong with hedging..

Hopefully you did not sell too many in reliance on that view, but if you end up being correct, then the more power to you.

I usually try to hang onto most of my coins, so I do have fiat to buy more on the dips, but I get a bit nervous hedging too much for down when it looks like we may be on the cusp of an actual upwards explosion.. the upwards explosion may or may not happen, but I would feel bad it I had anymore than 15% of my BTC investment holdings hedged towards down.. .. currently, I only have about 6% or 7% or so hedged towards the possibility of down from here, but I can see where someone may want to hedge a bit more than me... and even double is within my concept of reasonable.. but beyond that would make me nervous in these current market conditions..

[savetherainforest]

Closing the daily above 900$ for a green candle would be very bullish imo.

You were saying?



Short but green nonetheless. Bullish indeed.

I think it will be 5-10$ per day from now on... I won't be expecting BTCuLLdozers with fireworks yet. Or at least not until the Chinese new year! Cuuoocooo!!

[JayJuanGee]

You been riding this, Loaded?

Hope this ain't a bull trap!

Always along for the ride.

Why so cryptic, Loaded?



You know if it is actually true what is said about you, you have a decent stash of BTC, and you should have some fiat too, no?  Anyhow, worse case scenario if you only have BTC and not Fiat, could you not strategically sell a bunch off exchange (not to affect price), and then use those proceeds to strategically pump? 

I personally don't know how much fiat you would need on each exchange to strategically pump, but I bet that $30 million spread across several USD exchanges would go quite a long ways towards pumping ..  I don't tend to put much credibility in sending fiat to Chinese exchanges, but maybe you have some better ideas as a kind of whale?

[simmo77]

You been riding this, Loaded?

Hope this ain't a bull trap!

Always along for the ride.

Why so cryptic, Loaded?



You know if it is actually true what is said about you, you have a decent stash of BTC, and you should have some fiat too, no? 

Perhaps he's cryptic because it's no-one else's business...?

[Loaded]

If there was anywhere as much manipulation as I get suspected of, I'd be way richer. It's far harder than you'd think.

[Loaded]

Also, I'm hammered.

[dmwardjr]

Double Throw Backs with a Mark Up are quite common place in crypto.

[Loaded]

In 13 it was fun.

[JayJuanGee]

If there was anywhere as much manipulation as I get suspected of, I'd be way richer. It's far harder than you'd think.

Fair enough.

If you have money, there are probably better ways to spend your time that are not necessarily related to attempting to increase your holdings through trading, but also sometimes, there are fairly big players who develop systems to trade and you can tell by looking that some folks are trading a lot of coins.. but maybe sometimes they lose money, too..


Anyhow,  maybe that trading is not a great way to spend your time, even though you may want the price of BTC to either stay steady or to go up in order to either preserve or to increase the value of your holdings.

[relm9]

tbh - I sold some at $940-950 on this bounce, I do not believe we will get back up to $1000 before another sizable drop. Too many people seem to be planning on unloading this time when we get to $1k again

Buy back target is in the low $800s, I think we will be in this $800-900 range for the next month or so, perhaps touching some of the support in the high $700s if people panic again for some reason.

Nothing wrong with hedging..

Hopefully you did not sell too many in reliance on that view, but if you end up being correct, then the more power to you.

I usually try to hang onto most of my coins, so I do have fiat to buy more on the dips, but I get a bit nervous hedging too much for down when it looks like we may be on the cusp of an actual upwards explosion.. the upwards explosion may or may not happen, but I would feel bad it I had anymore than 15% of my BTC investment holdings hedged towards down.. .. currently, I only have about 6% or 7% or so hedged towards the possibility of down from here, but I can see where someone may want to hedge a bit more than me... and even double is within my concept of reasonable.. but beyond that would make me nervous in these current market conditions..

Yea, I agree. I only sold 20% of my stash. I would be nervous to sell any more than that. This is actually the first time I've sold since the big drop in 2013, been buying ever since and scooped up plenty of coins in the $200-300 range.

I had planned to sell some anyway when we got to the 2013 ATH, just to lock in some profits. Should have stuck to that plan but when time came to sell I started hoping that we would zoom right past it and held off.