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

[quarternions]

Ahh cool, well I'm still learning a lot about trading, but I am currently programming a dashboard to simplify some stuff ( auto limit orders, managing funds from customer etc ). Also since this is the speculation forum, what is everyone's thought about tonight, how low will we go. 2k support or back to 1900

Well, currently, we seem  to be about in the middle of a price range of $2300 to $2650.  We are nearly in the middle, and it seems to be a bit less likely that we are going to break downwards out of the range before we break upwards.

And, yeah, if we were to break downwards, then there would be pretty decent odds of going below $2k and $1800 would be fairly reasonable.. on the other hand, like I said, breaking up seems to bit more of a better bet - at least at the moment... and if we break above $2650 then likely we will be on our way to testing $3k.

I would not rule out consolidating for 1-2 weeks either, which may cause some boredom and maybe that is slightly less odds of going up would be to go sideways within the previously described price range.

Oh yeah sorry I was talking about euro's we are currently already below 2.2k. I sure don't hope for the consolidation, first "investor" is giving me some of his money to trade with (and I take a percentage). I tried some altcoins instead of BTC and some made a nice profit which was fairly predictable due to whales, but it also made it hard since they could suddenly cash out and leave. Helped me learn the hard way to setup stop loss and trailing stop limits.

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[STT]

Ahh cool, well I'm still learning a lot about trading, but I am currently programming a dashboard to simplify some stuff ( auto limit orders, managing funds from customer etc ). Also since this is the speculation forum, what is everyone's thought about tonight, how low will we go. 2k support or back to 1900

Dont fight the trend, why so serious.   Advice Im given is you dont presume down when overall the trend has been upwards and that is true of bitcoin.  So Im not looking for a reset.

On kraken we have slipped out of its positive trend that was formed after the bigger pullback.  I wasnt sure that was going to matter but its eventually turned over like we see now.
however we measure in equal proportions and that simple trend was 31 hours old on break, its not a big deal now that it did not hold.  In fact we went upwards at a slower pace anyway, now we come back to a rough 2169-2225 area which is just a circle more then any loss.   See how this area reacts for a check on if we negative etc.  My take is neutral on that

I drew $2488 as a resistance line. 2350 possible old positive trend.  Do we wait till those two cross, end June I would guess we are not that well balanced and calm.  Huobi doesnt have trend short term but its also sideways

[mymenace]

If you think you missed the boat take this one fact away.

The finance industry and others are moving to a blockchain, it has not yet been adopted in full or implemented.

Where will the price be in 5 years?

Where will the price be when full adoption has occurred?

Crypto is just a blip at the moment.

HOLDL

[quarternions]

Ahh cool, well I'm still learning a lot about trading, but I am currently programming a dashboard to simplify some stuff ( auto limit orders, managing funds from customer etc ). Also since this is the speculation forum, what is everyone's thought about tonight, how low will we go. 2k support or back to 1900

Dont fight the trend, why so serious.   Advice Im given is you dont presume down when overall the trend has been upwards and that is true of bitcoin.  So Im not looking for a reset.

On kraken we have slipped out of its positive trend that was formed after the bigger pullback.  I wasnt sure that was going to matter but its eventually turned over like we see now.
however we measure in equal proportions and that simple trend was 31 hours old on break, its not a big deal now that it did not hold.  In fact we went upwards at a slower pace anyway, now we come back to a rough 2169-2225 area which is just a circle more then any loss.   See how this area reacts for a check on if we negative etc.  My take is neutral on that

I drew $2488 as a resistance line. 2350 possible old positive trend.  Do we wait till those two cross, end June I would guess we are not that well balanced and calm.  Huobi doesnt have trend short term but its also sideways

Yea you are right I was fighting it and didn't set proper trailing limits, I should have just cashed out at bare profit or atleast a stop limit at the break even (which it passed). But wanted to correct a previous mistake and ended up just messing it up more. Its going down now a bit, I'm setting up a trailing limit and am of to bed. Cheers, good night.

[European Central Bank]

The finance industry and others are moving to a blockchain, it has not yet been adopted in full or implemented.

my personal suspicion is that the finance industry will never find a use for a public blockchain. i've heard of people who've attended some of these professional conferences coming back with the impression that very few of the attendees knew anything about it and were there to look cool.

but that's ok because real people will force them to deal with it whether they like it or not.  

[deepcolderwallet]

As much as I share the happy sentiment that the "chikun has arisen" we should probably keep the topic on Bitcoin here. adamstgBit's will have to spend all day deleting posts if it gets more out of hand.  

Adam got deleted a long time ago.

Oh. Guess I wasn't paying attention. Does he have a new account? Anyhow, the forum mods still delete off-topic posts. Thanks for pointing it out.

Some think that Killerpotleaf is Adam's new account. There's nothing that I know of that definitely links the two accounts, but Killerpotleaf does share Adam's sense of humour.

AFAIK, the last time Killerpotleaf posted anything was a night in which he went full retard posting *lots* of memes about an incoming huge hapening. A couple days later the biggest Bitcoin pump started. I want to think he meant a huge PUMP was going to happen and not the opposite. It would be sad if he sold thinking a huge dump was going to happen.

He usually does that on pumps... and on dumps he barely says anything...

Good to know. When that happenned the price was under $2000. He haven't even logged on after that night.

I remember this, I was the one asking for more details about his forecast (details = up or down   )

look forward...
   do you see the inevitable?
GOOO now... avoid it!

Agreed. Looking forward I see a debt bubble in many nations popping.

I am avoiding it.

With bitcoins.

I'm sticking with champions.

[JayJuanGee]

Ahh cool, well I'm still learning a lot about trading, but I am currently programming a dashboard to simplify some stuff ( auto limit orders, managing funds from customer etc ). Also since this is the speculation forum, what is everyone's thought about tonight, how low will we go. 2k support or back to 1900

Well, currently, we seem  to be about in the middle of a price range of $2300 to $2650.  We are nearly in the middle, and it seems to be a bit less likely that we are going to break downwards out of the range before we break upwards.

And, yeah, if we were to break downwards, then there would be pretty decent odds of going below $2k and $1800 would be fairly reasonable.. on the other hand, like I said, breaking up seems to bit more of a better bet - at least at the moment... and if we break above $2650 then likely we will be on our way to testing $3k.

I would not rule out consolidating for 1-2 weeks either, which may cause some boredom and maybe that is slightly less odds of going up would be to go sideways within the previously described price range.

It's been quite volatile recently so maybe it's time to go sideways for a while. There's no news I could find that might create wild price moves. Maybe if some big story appears it could push the price one way or the other.

I don't have a problem with sideways, but we just cannot get drying up of volume overnight... that is the problem.  We still have a bit of crazy going on in regards to ICOs and just bitcoin trading volume overall.

You may be correct that prices end up sideways - but sideways does not seem like it is just going to fall into place without a bit more battling.. and maybe drying up of volume during such outcome

[STT]

my personal suspicion is that the finance industry will never find a use for a public blockchain. i've heard of people who've attended some of these professional conferences coming back with the impression that very few of the attendees knew anything about it and were there to look cool.

but that's ok because real people will force them to deal with it whether they like it or not. 

The finance industry and others are moving to a blockchain, it has not yet been adopted in full or implemented.

All I hear about the blockchain in mainstream business is well apart from any coin standard.  They are interested in the technology but not the current 'wild' uses by players such as ourselves, they dont want to buy into bitcoin and rely on some unknown entities for control of that.   
Their view of blockstream is internal use or possible between fixed known parts of their company or industry.   So none of it would resemble the currency kind of element we have, power would be controlled by legal means.  Settlement probably would be FIAT so I dont see any of what they do relates to BTC as a price discussion exactly.  I guess it adds some legitmacy, are these people customers for ASIC?  probably not

[European Central Bank]

All I hear about the blockchain in mainstream business is well apart from any coin standard. 

it'll probably be another r3 writ even larger. they'll burn a few hundred million more and then someone'll invent the database again.

[deepcolderwallet]

Any ideas why the exchanges are speculating a drop to 1723 in the short term? http://www.bitcoinforecast.com
Although this is not always correct, bitstamp nailed the most recent drop within a few bucks. 

I didn't know that site, found kinda interesting, but when I scrolled down the page and read that huge bullsh*t about POTUS, lol... I just lmfao and closed the tab.

[deepcolderwallet]

Any ideas why the exchanges are speculating a drop to 1723 in the short term? http://www.bitcoinforecast.com
Although this is not always correct, bitstamp nailed the most recent drop within a few bucks. 

What a bunch of fucktards having an anti-trump disclaimer on their site.  The label has the typical "trump be raycist" statement, but all the word racist means nowadays is white people that refuse to be cuckolds for brown people.

No, racism has not narrowed itself down to fit your narrative of it.

Honestly, I respect your trading posts. I think they are well written and show insight. But whatever politics you have, you would never trade them -  and your skin color -  for being a black person getting stopped by a white cop. Would you.

Oh come on!

Americans should Thank God your labor party has no meaningful representation. Stop being a Mortadela!

[Elwar]

My amatuer look at the charts would say that we will soon rise to 3500.

[deepcolderwallet]

The finance industry and others are moving to a blockchain, it has not yet been adopted in full or implemented.

my personal suspicion is that the finance industry will never find a use for a public blockchain. i've heard of people who've attended some of these professional conferences coming back with the impression that very few of the attendees knew anything about it and were there to look cool.

but that's ok because real people will force them to deal with it whether they like it or not.  

I work on finance industry, with IT at a Multinational Bank, directly with CEOs. I can confirm most people working on research and attending weekly conferences within banking corporation CEOs know NOTHING - I repat: NOTHING about crypto and some top analysts don't even have had contact with Bitcoin or any other coin whatsoever. Such a shame.

[mymenace]

The finance industry and others are moving to a blockchain, it has not yet been adopted in full or implemented.

my personal suspicion is that the finance industry will never find a use for a public blockchain. i've heard of people who've attended some of these professional conferences coming back with the impression that very few of the attendees knew anything about it and were there to look cool.

but that's ok because real people will force them to deal with it whether they like it or not.  

I would be doing more research if I was you.

Not all blockchains have to be public.

Australian stock exchange currently testing new blockchain for trading - http://www.afr.com/technology/asxs-blockchain-designed-to-help-competition-masters-20170524-gwbzqg

ETH backed by mulitple banks and finance industries - http://www.coindesk.com/deloitte-blockchain-ethereum-alliance-hyperledger/

etc etc etc

[Elwar]

I plan on opening a hotdog stand and creating a private blockchain for inventory management.

[bitserve]

I plan on opening a hotdog stand and creating a private blockchain for inventory management.

Blockchain is cool... BUt what about an ICO first? Think BIG. You could easily get a few ten millions for your little hotdog stand. No need to invest your own money on it. Heck, no need to even open the hotdog stand.

[xhomerx10]

I plan on opening a hotdog stand and creating a private blockchain for inventory management.

 In the old country, hot dogs are produced in the form of an immutable chain and one requires a hard fork (or a knife) to separate them for preparation on the grill.  Perhaps they were decades ahead of their time technologically speaking.

[Elwar]

I plan on opening a hotdog stand and creating a private blockchain for inventory management.

Blockchain is cool... BUt what about an ICO first? Think BIG. You could easily get a few ten millions for your little hotdog stand. No need to invest your own money on it. Heck, no need to even open the hotdog stand.

Seems legit.

[WiiD]

Ahh cool, well I'm still learning a lot about trading, but I am currently programming a dashboard to simplify some stuff ( auto limit orders, managing funds from customer etc ). Also since this is the speculation forum, what is everyone's thought about tonight, how low will we go. 2k support or back to 1900

Well, currently, we seem  to be about in the middle of a price range of $2300 to $2650.  We are nearly in the middle, and it seems to be a bit less likely that we are going to break downwards out of the range before we break upwards.

And, yeah, if we were to break downwards, then there would be pretty decent odds of going below $2k and $1800 would be fairly reasonable.. on the other hand, like I said, breaking up seems to bit more of a better bet - at least at the moment... and if we break above $2650 then likely we will be on our way to testing $3k.

I would not rule out consolidating for 1-2 weeks either, which may cause some boredom and maybe that is slightly less odds of going up would be to go sideways within the previously described price range.

The essence of your post:
"Guys, either it will go up or it will go down. If that does not happen, it will stay the same."

You are the best oracle I've ever seen, your predictions must be like 100% true.

[Torque]

The finance industry and others are moving to a blockchain, it has not yet been adopted in full or implemented.

my personal suspicion is that the finance industry will never find a use for a public blockchain. i've heard of people who've attended some of these professional conferences coming back with the impression that very few of the attendees knew anything about it and were there to look cool.

but that's ok because real people will force them to deal with it whether they like it or not.  

I work on finance industry, with IT at a Multinational Bank, directly with CEOs. I can confirm most people working on research and attending weekly conferences within banking corporation CEOs know NOTHING - I repat: NOTHING about crypto and some top analysts don't even have had contact with Bitcoin or any other coin whatsoever. Such a shame.

As nearly a perfect implementation of a trustless blockchain as Bitcoin is, the Financial/banking industry has absolutely zero interest in using it, for ONE reason only:

Because they can't corner the Bitcoin market at this point. And a market that they can't corner and/or rig (in favor of the wealthy elite) is a market that they can't control.

That should be telling us all something. That we should be using Bitcoin only, and use absolutely nothing that the Finance world would eventually promote.