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

[PoolMinor]

You might want to zoom out to the 3 day chart.

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[protokol]

Just because we don't break 920 doesn't mean we're going to crash down to 750

No, it doesn't mean that, just that it's probable. Anyway we've gone to 925 now, so it's looking bullish imo.

We can only speculate on probabilities, no-one knows the future. But the charts are looking rather healthy.

[PoolMinor]

Just because we don't break 920 doesn't mean we're going to crash down to 750

No, it doesn't mean that, just that it's probable. Anyway we've gone to 925 now, so it's looking bullish imo.

We can only speculate on probabilities, no-one knows the future. But the charts are looking rather healthy.

I know the future. Vlad2Vlad also knows the future(because I told him).

[prophetx]

You might want to zoom out to the 3 day chart.

you mean zoom in? this is the weekly.  anyway what am i missing?

[PoolMinor]

You might want to zoom out to the 3 day chart.

you mean zoom in? this is the weekly.  anyway what am i missing?

I believe we are not at the purple dot, but instead between a►b

[prophetx]

the next hour of trading will be critical for the bitcoin price

[prophetx]

You might want to zoom out to the 3 day chart.

you mean zoom in? this is the weekly.  anyway what am i missing?

I believe we are not at the purple dot, but instead between a►b

that chart does not show that we are at the purple spot. the purple spot is just there to show when the break out happens.

a>b seems a bit fast no?

[PoolMinor]

You might want to zoom out to the 3 day chart.

you mean zoom in? this is the weekly.  anyway what am i missing?

I believe we are not at the purple dot, but instead between a►b

that chart does not show that we are at the purple spot. the purple spot is just there to show when the break out happens.

a>b seems a bit fast no?

Readers tend to call me a bear when I predict a downturn in price, but I think this handle formation has just began. The recent price rise was destined, the Chinese New Year will play an important role in the price; I am seeing a surge to ~$990 followed by a correction b►c.

[vlight]

Readers tend to call me a bear when I predict a downturn in price, but I think this handle formation has just began. The recent price rise was destined, the Chinese New Year will play an important role in the price; I am seeing a surge to ~$990 followed by a correction b►c.

Yes, 990 will be a tough resistance and the price should correct to at least $920.

[prophetx]

You might want to zoom out to the 3 day chart.

you mean zoom in? this is the weekly.  anyway what am i missing?

I believe we are not at the purple dot, but instead between a►b

that chart does not show that we are at the purple spot. the purple spot is just there to show when the break out happens.

a>b seems a bit fast no?

Readers tend to call me a bear when I predict a downturn in price, but I think this handle formation has just began. The recent price rise was destined, the Chinese New Year will play an important role in the price; I am seeing a surge to ~$990 followed by a correction b►c.

right.  question is how low will she go in c (probably around tax paying time perhaps)

[Cassius]

A cryptocurrency which is fully controlled by a nation state is just a national currency.
And banks do the job good and cheap enough for fiat transfers.

There wont be any chinacoin...

There will, and it's a terrifying idea in the hands of a country that is perfectly at home practising wide-scale internet surveillance and censorship.

All major countries are practicing wide-scale internet surveillance and censorship at home!

China is a league apart in its interventions.

[PoolMinor]

You might want to zoom out to the 3 day chart.

you mean zoom in? this is the weekly.  anyway what am i missing?

I believe we are not at the purple dot, but instead between a►b

that chart does not show that we are at the purple spot. the purple spot is just there to show when the break out happens.

a>b seems a bit fast no?

Readers tend to call me a bear when I predict a downturn in price, but I think this handle formation has just began. The recent price rise was destined, the Chinese New Year will play an important role in the price; I am seeing a surge to ~$990 followed by a correction b►c.

right.  question is how low will she go in c (probably around tax paying time perhaps)

This is the "scariest" part, if that drawing is to scale you will note that the "c" point is well below the "a" point almost the same region as the "4" to the left of the handle formation. This would indicate a ~$550 range.

[el_rlee]

Could it be that Huobi's price being higher than the rest of the world is simply because of Hongbao's?

[jaberwock]

Could it be that Huobi's price being higher than the rest of the world is simply because of Hongbao's?

Huobi used to have a higher price during the run to 1100+ too, and with a bigger gap than now

Maybe it is just things getting back to usual

[Ibian]

Is it weird that I'm not even a little excited that we are in 900+ territory now?

[JayJuanGee]

Bitcoin is the must have for the rich now. OTC Bitcoin are on the way up: someone at work knows that I hold Bitcoin and they're rapidly turning to me for knowledge and, of course, bitcoins. The followings says it all:
I've been asked to provide 25 BTC. I refused. They were willing to pay more than 20% of current price. I refused.
I've told them to go buy them on the exchanges and do KYC/AML.
I think for the first time in their life they realized what their fiat money real value is and what that's value of financial freedom.

I buy and sell BTC directly for about a 5% premium, and yeah sometimes it is a bit of a hassle to replace sold BTC, so yeah, maybe I should be charging more, but it seems to be fairly profitable, so far.

If someone wanted to do 25 BTC, I would probably break it up into about three.. otherwise it is feeling like too much at once...

[mainpmf]

Could it be that Huobi's price being higher than the rest of the world is simply because of Hongbao's?

Huobi used to have a higher price during the run to 1100+ too, and with a bigger gap than now

Maybe it is just things getting back to usual

You consider the run to 1100+ as the usual? ^^

I'm a bit afraid of this "usual"...
I'd like to see the price stable for a bit. Of course on the rise is good to but stable is better!

[JayJuanGee]

Could it be that Huobi's price being higher than the rest of the world is simply because of Hongbao's?

Huobi used to have a higher price during the run to 1100+ too, and with a bigger gap than now

Maybe it is just things getting back to usual

You consider the run to 1100+ as the usual? ^^

I'm a bit afraid of this "usual"...
I'd like to see the price stable for a bit. Of course on the rise is good to but stable is better!

We are not going to get "stable" in bitcoin any time soon, this market cap is way too small for that, and also we seem to still be in the fairly early stages of a price battle (maybe about four weeks into it, so far).  After we see this price battle through, then maybe a bit more "stable" might be possible.

Regarding the chinese, the usual and the run up to $1,100 those are all just various factors playing out, and the extent of chinese influence over price is playing out, and the questionable volume in china is playing out and whether the run up to $1,100 was "real" or a sign of anything or a place to which we will return any time soon will maybe play out in the coming weeks, but it could take a few months to get back there (depending on how this whole price battle plays out and how many coins the bears are willing to dump and how much the buying pressure from all locations can absorb those dumped coins and potentially keep the price on an upwards trajectory).

[Denker]

Is it weird that I'm not even a little excited that we are in 900+ territory now?

And there is no reason for that.
I think this is just small upswing.We will see much more up and down swings the next couple of weeks.
Probably staying in the 850 to 950 range before trying to break the 1000 again.
I will get excited when we finally break the ATH in USD and continue moving up then!

[DonQuijote]

Where is the break point? 1116 USD?