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Question: Next Bubble Top (resulting in a new ATH):
Will never reach a new ATH - 7 (7.1%)
$20,000-$49,999 - 20 (20.4%)
$50,000-$99,999 - 24 (24.5%)
$100,000-$149,999 - 21 (21.4%)
$150,000-$199,999 - 8 (8.2%)
$200,000-$249,999 - 5 (5.1%)
$250,000-$299,999 - 1 (1%)
$300,000-$350,000 - 1 (1%)
>$350,000 - 11 (11.2%)
Total Voters: 98

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21502982 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. (138 posts by 32 users deleted.)
STT
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May 26, 2017, 05:08:05 PM

2800 would appear to be the same problem as when we spun around a few times at 1800 and it became obvious it was going to exceed 2000 because round numbers are silly superstition.    If it rebuilds price here and buyers keep being apparent as they are now then we can start to see similar for 3000, it will be exceeded.

I think the driving force for bitcoin appreciation is new wealth not old and people wanting not to use their national currency but be a greater part of the global economy, lucky for us bitcoin helps their money travel well.  i.e. I dont think it matters if you find it expensive, maybe 'its not for you' to hold and do nothing with it Tongue if it has a baseline of demand to be used ,that'll produce higher prices.
   I'm looking at Huobi, every time theres a spike down that quickly retracts upwards, leaving a pin candle thats an uptrend line for me.   We broke the first leading to a fall, the 2nd tier uptrend we saw lead to rises about 12 hours ago and there is a further uptrend still in play
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May 26, 2017, 05:10:02 PM

Good morning Bitcoinland.

I see we're consolidating quite nicely after yesterday's excessive rise and corresponding deep correction... currently $2418USD (Bitcoinaverage).

Too bad our string of green candles ended at 8 but at we moderated the upsurge to the point where only the zaniest fools will call it a bubble.

It might take a few days to reach another ATH now but that's probably good. Steady growth is best.

People talk as if this "healthy correction" is over, but that is yet to be seen. It is a possiblity that this thing rebounds and new ATHs are reached, but it is a bigger possibility that we see a larger ongoing downward correction. Only the zaniest of fools would be calling for new ATHs in a matter of a few days at the present time. Come on man, take off your Bitcoin shaded sunglasses for a moment.

Have you people forgotten that Bitcoin has been on a year and a half+ bull run which has seen value appreciation upwards of 1582% (at yesterday's all time high)? So, now that we've dropped down to 1334% value appreciation in 1.5 years, now obviously the correction is over? Puhleeze... give me a break.  Roll Eyes

The correction could and should continue downwards quite a bit more, and ATHs will not be reached again in a matter of days... more likely a matter of months... and probably even more likely a year+. (those timeframes are guesstimated from Bitcoin's market history... where it reached previous ATHs then corrected itself)
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May 26, 2017, 05:13:06 PM

Good morning Bitcoinland.

I see we're consolidating quite nicely after yesterday's excessive rise and corresponding deep correction... currently $2418USD (Bitcoinaverage).

Too bad our string of green candles ended at 8 but at we moderated the upsurge to the point where only the zaniest fools will call it a bubble.

It might take a few days to reach another ATH now but that's probably good. Steady growth is best.

People talk as if this "healthy correction" is over, but that is yet to be seen. Only the zaniest of fools would be calling for new ATHs in a matter of a few days at the present time. Come on man, take off your Bitcoin shaded sunglasses for a moment.

Have you people forgotten that Bitcoin has been on a year and a half+ bull run which has seen value appreciation upwards of 1582% (at yesterday's all time high)? So, now that we've dropped down to 1334% value appreciation in 1.5 years, now the correction is over? Puhleeze... give me a break.

The value could and should fall quite a bit more, and ATHs will not be reached again in a matter of days... more likely a matter of months... and probably even more likely a year+.

10K confirmed ===> bitcoin is the new wolf of wall street pink sheets on steroids + cryptolocker shit Cool ((((moon soon))))
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May 26, 2017, 05:27:49 PM

2800 would appear to be the same problem as when we spun around a few times at 1800 and it became obvious it was going to exceed 2000 because round numbers are silly superstition.    If it rebuilds price here and buyers keep being apparent as they are now then we can start to see similar for 3000, it will be exceeded.


The ATH on OKCoin was 19200 CNY. Maybe we got a dip because we were getting close to two round numbers, 20000 CNY and $3000. If it rebuilds here and exceeds both 20000 CNY and $3000 we could get a rocket pump.
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May 26, 2017, 05:38:49 PM

looks like we go south
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May 26, 2017, 05:45:03 PM

"hoardl" ?   I´m pfrtl and then pfmpf.
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May 26, 2017, 05:46:18 PM

looks like we go south

(((delete this post))) *poof*  Cool  $$$$===> profiteers ~ rotflmfao
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May 26, 2017, 05:57:12 PM

SELL! SELL! SELL!



need moar cheap coins  Shocked
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May 26, 2017, 06:00:15 PM

pumpers are atrocious people, they like to play with the limits
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May 26, 2017, 06:01:25 PM

Having a chance to buy back some of the coins that I sodled in the 1700s would be not so bad for me.
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May 26, 2017, 06:12:47 PM

profit taking galore, looks like. and who can really be surprised? i'm impressed the upward pressure has kept going though.
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May 26, 2017, 06:16:02 PM

profit taking galore, looks like. and who can really be surprised? i'm impressed the upward pressure has kept going though.

weak noobie hands detected the block size debate and are afraid:)
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May 26, 2017, 06:18:21 PM

1d chart had a shooting star, and now the 3d chart is getting close to forming one. We have a descending triangle now the 2-4h charts. It looks pretty bearish. I still believe Bitcoin will hit new highs later this or into 2018, but I wouldn't be surprised o see us enter a micro-bear market for a little bit and drop back below $2000. The 2013 run up had a similar drop from $750 to $450, before continuing on to $1200.

Otherwise, this run up wasn't even close to enough to cause a major multi-year long bear market.
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May 26, 2017, 06:19:04 PM

http://imgur.com/2Rx2vwH

Just sold 15%,
just in case Tongue
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May 26, 2017, 06:22:57 PM

Thats why it goes down, all the just in case sellers have to clear out their shelves.    When you hear alot of I sold too early, thats probably when it rises and people dont even want it to ?     [Also these areas of I want to get back on the train is likely where it finds its feet?]

I see it losing that weaker uptrend just now and so a blip down as we fall off the ledge.   However its possible to draw in a channel for this downtrend since the ATH and we are at channel bottom, not bullish exactly but its possible we rise within the downtrend.  Whether we challenge and break the downtrend for a proper rise remains to be seen.   15360 CNY would be target for channel top, just a short term target Shocked

Also I like to see patterns aligning is switching to EURO and kraken, we have a good uptrend over weeks we are about to come into contact with.  Nothing is ever certain, but its a good place to see reactions
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May 26, 2017, 06:30:54 PM

this hour is critical Tongue
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May 26, 2017, 06:41:58 PM

I see we're consolidating quite nicely after yesterday's excessive rise and corresponding deep correction... currently $2418USD (Bitcoinaverage).

Too bad our string of green candles ended at 8 but we moderated the upsurge to the point where only the zaniest fools will call it a bubble.

It might take a few days to reach another ATH now but that's probably good. Steady growth is best.

People talk as if this "healthy correction" is over, but that is yet to be seen. It is a possiblity that this thing rebounds and new ATHs are reached, but it is a bigger possibility that we see a larger ongoing downward correction. Only the zaniest of fools would be calling for new ATHs in a matter of a few days at the present time. Come on man, take off your Bitcoin shaded sunglasses for a moment.

I never said the correction was over. I said we were consolidating.

A "larger ongoing downward correction"? Larger than $500? Good luck.

Quote
The correction could and should continue downwards quite a bit more, and ATHs will not be reached again in a matter of days... more likely a matter of months... and probably even more likely a year+. (those timeframes are guesstimated from Bitcoin's market history... where it reached previous ATHs then corrected itself)

Remember the last significant correction, on May 12-13?

It took "a matter of days" (5 to be exact) to reach a new ATH.

"Probably even more likely a year+. (those timeframes are guesstimated from Bitcoin's market history... where it reached previous ATHs then corrected itself)"?

What "Bitcoin's market history" are you referring to? The bubbles of 2011 and 2013?

Don't forget that in those bubbles the price rose by more than 1000% in weeks, not years. All this correction has proved is that this current bull market is not a bubble.

It seems to me like you're hoping for a much lower price to buy in. Wishful thinking will get you nowhere.
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May 26, 2017, 06:42:24 PM

this hour is critical Tongue
It is red for now
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May 26, 2017, 06:45:49 PM

Nice.  Let's get to ~1800 so my buys get filled.  I love weak hands.
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May 26, 2017, 06:49:58 PM

Another ATH later today.
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