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Question: When $60K? (EST time zone)
Feb. 21 - 7 (5.7%)
Feb. 22 - 19 (15.6%)
Feb. 23 - 13 (10.7%)
Feb. 24 - 9 (7.4%)
Feb. 25 - 8 (6.6%)
Feb. 26 - 9 (7.4%)
Feb. 27 - 3 (2.5%)
Feb. 28 - 4 (3.3%)
March - 28 (23%)
After March - 14 (11.5%)
Never - 8 (6.6%)
Total Voters: 122

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25188950 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. (157 posts by 13 users deleted.)
WhatsBitcoin
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June 22, 2017, 02:56:45 PM

never really seen bitcoin just hover below a previous ATH before. what's the deal?

Feels like consolidation before we make the push through $3.5k+

I believe this called coiling. We be coiling mos def
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JayJuanGee
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June 22, 2017, 02:57:23 PM

never really seen bitcoin just hover below a previous ATH before. what's the deal?

The phenomenon has been going on pretty much throughout the whole of 2017, that is what makes it so very amazing.. ongoing and consistent upwards pressures that have not really gotten so overheated as to lose support.  In other words, the rise in price has not been so outrageous as to lose support.

As some might say, slow and steady.... blah blah blah. go bitcoin go...  Wink
HanvanBitcoin
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June 22, 2017, 02:58:03 PM

never really seen bitcoin just hover below a previous ATH before. what's the deal?

Feels like consolidation before we make the push through $3.5k+

+1 Cool
soullyG
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June 22, 2017, 02:59:16 PM

As some might say, slow and steady.... blah blah blah. go bitcoin go...  Wink

600watt
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June 22, 2017, 03:01:04 PM

never really seen bitcoin just hover below a previous ATH before. what's the deal?


it is strange, you are right. on the other hand: was there ever an epic run up without an even more epic crazy blow off in the last few days of the bubble? something like doubling in 3 days or so?

i guess something´s got to give.
HanvanBitcoin
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June 22, 2017, 03:02:31 PM

As some might say, slow and steady.... blah blah blah. go bitcoin go...  Wink



joao1973
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June 22, 2017, 03:03:59 PM

I am not sure that it is so blunt we will see, these two months will lead us to the next trend, I think it will not have strength until it recovers between 20% or 30%, we will see what happens
WhatsBitcoin
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June 22, 2017, 03:05:03 PM

no one buying bullions no mo it's bitcoin gang now
Torque
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June 22, 2017, 03:09:28 PM

never really seen bitcoin just hover below a previous ATH before. what's the deal?

The phenomenon has been going on pretty much throughout the whole of 2017, that is what makes it so very amazing.. ongoing and consistent upwards pressures that have not really gotten so overheated as to lose support.  In other words, the rise in price has not been so outrageous as to lose support.

As some might say, slow and steady.... blah blah blah. go bitcoin go...  Wink

So let's assume a crazy theory for a second. Let's assume that there's mega fear of economic uncertainty on the horizon, and some very wealthy entities *DO* actually see Bitcoin as a safe haven much like precious metals.

Well then, that much money coming into this market (without distorting the price discovery completely) would be like trying to push an elephant through a key hole. They can't shove that much money into bitcoin all at once, because all the available coins (either OTC or on exchanges) would dry up instantly and price would go parabolic overnight.

So they have to do small pumps in, short the market, wait for more coins to be made available, gobble them up again, pump and short again, repeat the pattern, etc. They would have to continue that process for a long while, but they have to get it done before SHTF.

And SHTF could come as early as later this year, or could be as long off as sometime middle or end of next year.
Dabs
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June 22, 2017, 03:12:31 PM

The wealthy have access to dark pools for trading, and off-market sales. Not on any of the usual exchanges.

But before they do that, they would probably buy a few hundred or thousands on the exchanges first.
JayJuanGee
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June 22, 2017, 03:13:54 PM

I am not sure that it is so blunt we will see, these two months will lead us to the next trend, I think it will not have strength until it recovers between 20% or 30%, we will see what happens

Where have you been?

In recent times, we have had three decent sized corrections that were in the 30% area.

1) from $1350 to $890  (about 34%)
2) from $2760 to $1,850 (about 33%)
3) from $2980 to $2130  (about 28%)

Yeah, sure there could be another decent sized correction, but I would not count on it.  Sorry for your loss.    Cry

But it is not too late to jump back on board and just suck up whatever amount it is that you lost.    Grin Grin
BlindMayorBitcorn
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June 22, 2017, 03:16:37 PM

g's up hoe's down, get on the bit boat or you bound to drizown
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June 22, 2017, 03:18:48 PM

The wealthy have access to dark pools for trading, and off-market sales. Not on any of the usual exchanges.

But before they do that, they would probably buy a few hundred or thousands on the exchanges first.

They could use extra $$$ to short the market and create dips in order to get a better off-market auction price.

Wouldn't you?
BlindMayorBitcorn
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June 22, 2017, 03:21:52 PM

dips rule everything around me - dream, get the money  bitty bitty bills y'all
birr
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June 22, 2017, 03:27:09 PM

never really seen bitcoin just hover below a previous ATH before. what's the deal?

The phenomenon has been going on pretty much throughout the whole of 2017, that is what makes it so very amazing.. ongoing and consistent upwards pressures that have not really gotten so overheated as to lose support.  In other words, the rise in price has not been so outrageous as to lose support.

As some might say, slow and steady.... blah blah blah. go bitcoin go...  Wink

So let's assume a crazy theory for a second. Let's assume that there's mega fear of economic uncertainty on the horizon, and some very wealthy entities *DO* actually see Bitcoin as a safe haven much like precious metals.

Well then, that much money coming into this market (without distorting the price discovery completely) would be like trying to push an elephant through a key hole. They can't shove that much money into bitcoin all at once, because all the available coins (either OTC or on exchanges) would dry up instantly and price would go parabolic overnight.

So they have to do small pumps in, short the market, wait for more coins to be made available, gobble them up again, pump and short again, repeat the pattern, etc. They would have to continue that process for a long while, but they have to get it done before SHTF.

And SHTF could come as early as later this year, or could be as long off as sometime middle or end of next year.
See Wyckoff's Composite Man theory.
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June 22, 2017, 03:40:05 PM

Good morning Bitcoinland.

Still consolidating/coiling sideways... currently $2705USD (Bitcoinaverage).

As hard as I try not to talk about altcoins here, I just have to chuckle. Oh poor Vitalik. Boo hoo.

As some might say, slow and steady.... blah blah blah. go bitcoin go...  Wink

I can agree with that.  Grin
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June 22, 2017, 04:09:03 PM

poor vitalik with...$330 per ETH? still doing well enough it seems.

(i own no ETH)
Denker
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June 22, 2017, 04:14:51 PM

poor vitalik with...$330 per ETH? still doing well enough it seems.

(i own no ETH)

So why do you post this nonsense here?!
This is Bitcoin price movement tracking and discussion as far as I know!
Who gives a damn about Vitalium? A guy and the database he controls?!
BlindMayorBitcorn
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June 22, 2017, 04:19:39 PM

Look Dave, I can see you're really upset about this. I honestly think you ought to sit down calmly, take a stress pill, and think things over.
HanvanBitcoin
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June 22, 2017, 04:25:57 PM

Sit back and relax, watch that wall of BTC being eaten on Kraken  Grin

Go bitcoin, Go! Grin
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