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

[elite3000]

O RLY !!!!!

The price is $2770 on Stamp, I'd barely even call that a dump.

It was fully and completely a dump. Would you prefer sell-off? From $3000 to $2600 in an hour is exactly a dump.

From $3000 to $2600 still is little more than 1%

Can we can variations of less than 2% dumps or just noise?

Maybe a retracement because the bull ride above $3000 failed

[1575993249]

1575993249

[1575993249]

1575993249

[proudhon]

O RLY !!!!!

The price is $2770 on Stamp, I'd barely even call that a dump.

It was fully and completely a dump. Would you prefer sell-off? From $3000 to $2600 in an hour is exactly a dump.

From $3000 to $2600 still is little more than 1%

Can we can variations of less than 2% dumps or just noise?

Maybe a retracement because the bull ride above $3000 failed

wat?

[empowering]

O RLY !!!!!

The price is $2770 on Stamp, I'd barely even call that a dump.

It was fully and completely a dump. Would you prefer sell-off? From $3000 to $2600 in an hour is exactly a dump.

From $3000 to $2600 still is little more than 1%

Can we can variations of less than 2% dumps or just noise?

Maybe a retracement because the bull ride above $3000 failed

.... so errr about those Bitcoin I will happily give you $300.00 per coin right now ... take my money

(the maths is right trust me... what is a decimal between friends)

[ARTISTCOLONY]

https://i.redd.it/lnd24r04j4xy.gif

O RLY !!!!!

The price is $2770 on Stamp, I'd barely even call that a dump.

It was fully and completely a dump. Would you prefer sell-off? From $3000 to $2600 in an hour is exactly a dump.

From $3000 to $2600 still is little more than 1%

Can we can variations of less than 2% dumps or just noise?

Maybe a retracement because the bull ride above $3000 failed

wat?

http://i.imgur.com/AvnBKm2.png

1337.33337    WEEEEEEEEEE

[SnokkomBTC]

O RLY !!!!!

The price is $2770 on Stamp, I'd barely even call that a dump.

It was fully and completely a dump. Would you prefer sell-off? From $3000 to $2600 in an hour is exactly a dump.

From $3000 to $2600 still is little more than 1%

Can we can variations of less than 2% dumps or just noise?

Maybe a retracement because the bull ride above $3000 failed

wat?

https://www.youtube.com/watch?v=A7TuFy0fcuw

[empowering]

Is it just me or is the whole Ethereum thing....... completely bonkers.

"Cart before the horse" is right.

[luckygenough56]

[STT]

Kraken is near a channel top or evident positive sentiment.

Kraken swings to the bottom of the channel.   I'd like this regular channel to hold just so I have an easy way to know when to gauge the price advancing, usually its not that simple.    But for the moment we hold this line roughly, 2406 is a previous peak and so its magnetised.   In this market of people guessing, these significant numbers are just ones they remember or yet again we see 3,000 in bright lights like its very important.

Of course we sell off because 3000 is so important and its a good figure to put into your orders, stop sell, limit sell whatever logic you want.   A consensus forms and we get sell pressure which leads into more apprehension and we must reset some again.
However I'm looking at the cause of the 'avalanche' and its a round number, just a ghost more then actual real pressure or an event.    I'm not prone to be bearish with just that especially.   Could be now is a time to accumulate and we'll go sideways but further evidence and price confirmation would be good.

Huobi shows a trend break of less then seven days.   I think I said previously 19400 for a good area to mark strength, look for that again maybe.

$2794, $2834 are fib levels to retrace and roughly its the current range post pullback

[Icygreen]

This isn't over, Bitcoin is being held down on polo

[empowering]

Kraken is near a channel top or evident positive sentiment.

Kraken swings to the bottom of the channel.   I'd like this regular channel to hold just so I have an easy way to know when to gauge the price advancing, usually its not that simple.    But for the moment we hold this line roughly, 2406 is a previous peak and so its magnetised.   In this market of people guessing, these significant numbers are just ones they remember or yet again we see 3,000 in bright lights like its very important.

Of course we sell off because 3000 is so important and its a good figure to put into your orders, stop sell, limit sell whatever logic you want.   A consensus forms and we get sell pressure which leads into more apprehension and we must reset some again.
However I'm looking at the cause of the 'avalanche' and its a round number, just a ghost more then actual real pressure or an event.    I'm not prone to be bearish with just that especially.   Could be now is a time to accumulate and we'll go sideways but further evidence and price confirmation would be good.

Huobi shows a trend break of less then seven days.   I think I said previously 19400 for a good area to mark strength, look for that again maybe.

$2794, $2834 are fib levels to retrace and roughly its the current range post pullback

$36,188,118,475 is a lot of priced in potential ...  without that much to show for it as of yet... not knocking it totally, just saying the cart seems to have gotten ahead of the horse here at this present moment in time as the project stands, or so it seems... I hope they can pull it off, for everyone's sake- but hope and $36,188,118,475 are two different things...  

[600watt]

The end is near, Bitcoin has finally lost it's market dominance to Electra  (Market cap now over 3x Bitcoin)

http://coinmarketcap.com/currencies/views/market-cap-by-total-supply/

(Market cap is such a useful metric)

yeah, I saw that coming. bitcoin is dead, electra rules.

 

love this. let´s see what the press is doing with this new champion.

we need 100´s of new electra - like coins to push all other coins of the list.

[JimboToronto]

Well good morning Bitcoinland. Looks like another typical day.

Let's see what we've got so far:

A new ATH? Check.

A substantial correction/profit-taking? Check.

A sizeable rebound partway back up? Check.

Trolls and altcoin shills coming out of the wood work using words like "extinction" "end" and "death"? Check.
____

What I see is a dip all the way down to $100 higher than we were less than 5 days ago, followed by a bounce back to where we were the day before yesterday.

Now it's consolidating where we were half a week ago... Currently $2753USD (Bitcoinaverage). A nice correction to keep the continuing uptrend honest perhaps, but barely a buying opportunity. If it bounces back down toward $2.7k, perhaps I'll buy a little.

It certainly didn't drop enough to justify all the pessimism and hand-wringing I see here this morning.

edit: While I was typing it dipped back down below $2700. Guess I'll hafta go get me some.

[luckygenough56]

let your head in the sand it's fine

[DeathAngel]

Well good morning Bitcoinland. Looks like another typical day.

Let's see what we've got so far:

A new ATH? Check.

A substantial correction/profit-taking? Check.

A sizeable rebound partway back up? Check.

Trolls and altcoin shills coming out of the wood work using words like "extinction" "end" and "death"? Check.
____

What I see is a dip all the way down to $100 higher than we were less than 5 days ago, followed by a bounce back to where we were the day before yesterday.

Now it's consolidating where we were half a week ago... Currently $2753USD (Bitcoinaverage). A nice correction to keep the continuing uptrend honest perhaps, but barely a buying opportunity. If it bounces back down toward $2.7k, perhaps I'll buy a little.

It certainly didn't drop enough to justify all the pessimism and hand-wringing I see here this morning.

I've been in this game since 2014, I guess you have even longer. Why are we still getting ridiculous hysteria & trolling when the price dips, what I wouldn't even class as a significant drop.

We saw over $2900 yes but a correction into the $2600's is nothing to worry about if you're a bull or HODLER & I'd say if you're a bear a drop of this % is nothing to get excited over either.

We have some strange posters in this thread these days.

[Syke]

A substantial correction/profit-taking? Check.

Profit-taking still quite active.

[JimboToronto]

A substantial correction/profit-taking? Check.

Profit-taking still quite active.

So I see. Looks like the second leg of this correction is happening now.

I wonder if it will actually go all the way down to where we were 4 days ago.

Do I really have to post a long-term chart just to point out how insignificant this dip is in the greater scheme of things?

I think I'll make some coffee before heading out to possibly buy. How low will it go? 

[Torque]

I'm guessing we'll see a third leg down that breaches 2500, before the bounce.

[BobLawblaw]

[micalith]

A substantial correction/profit-taking? Check.

Profit-taking still quite active.

So I see. Looks like the second leg of this correction is happening now.

I wonder if it will actually go all the way down to where we were 4 days ago.

Do I really have to post a long-term chart just to point out how insignificant this dip is in the greater scheme of things?

I think I'll make some coffee before heading out to possibly buy. How low will it go? 

Ah, no breaking news being used as an excuse for the profit taking correction then?

[BurstIncomeAsset]

What a pump. What a wonderful pump.

Gonna buy some altcoins before the window of opportunity closes. I think everyone remembers what happened in the last bear ride below $2k? Alts devaluated more than Bitcoin, then recovered quicker