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

[ParabellumLite]

None: I did pick up some things in the meanwhile. I did some research on trading and everything associated with it, got some books on the shelf here, but in the end it is pseudo-science at best in my view.  Sometimes charts might give an important clue, which I think is the case now, but in the long run there is no point in trusting on TA and the like.

So, there's no point in trusting TA, EXCEPT in this particular case?

What part of 'in the long run' did you not understand? Or the part about 'might', that precedes 'give an important clue'.
At least try to properly quote someone next time.

As long as there is nothing around that clearly trumps Bitcoin, I do not foresee it wither away, whether going to $2,500 or $500 short term. Transferring 'value' over the Internet is simply to powerful to go away soon. This will not be uninvented and left for death.

Of course not: the internet of value will highly likely become a real thing, we agree on that. There is however no certainty that Bitcoin will be leading the spearhead or even be playing a role of importance in the future. None, at all. And by saying that, I also include the possibility of governments cracking down on any cryptocurrency that makes money laundering, financing of illegal activitities, etc. easier. The regulatory aspect is just systematically overlooked by the crowd here.

Also, there's a difference between the broader notion of an internet of value and Bitcoin itself. Both are not the same.

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[Karartma1]

i just put the last 2 names on this guess list ( normal over time but now it stays like how it is )   

AGAIN GL

Torque had quoted me. You put him on my place.

mistake fixed  

You deserved a thread on your own
https://bitcointalk.org/index.php?topic=2196999.0

[Last of the V8s]

https://libertyblitzkrieg.com/2017/09/21/the-future-will-be-decentralized/
Catalonia--bitcoin
https://www.blackhat.com/eu-17/briefings/schedule/#how-to-hack-a-turned-off-computer-or-running-unsigned-code-in-intel-management-engine-8668
goodbye Intel?
https://ledgerx.com/wp-content/uploads/2017/09/LedgerX-40.2a-Certification-DABS-Final.pdf sorry for pdf
moon soon stuff
http://www.ofnumbers.com/2017/09/21/eight-things-cryptocurrency-enthusiasts-probably-wont-tell-you/
newsflash Tim Swanson still a twat.
https://www.bloomberg.com/news/articles/2017-09-15/before-you-spend-2-billion-on-your-own-submarine-read-this
new boat

[BlindMayorBitcorn]

As high as the price is and knowing there is likely going to be a correction, when my friends ask me if they should buy bitcoins I just say...

I just say I have no idea what they're talking about. It's better this way.

[BlindMayorBitcorn]

Electric coins, you say? Sounds charming.

[Arriemoller]

Are you liking the current bear market, gentlemen?

We will go down slowly to $1500.

This bear market will last for five months.

You're sort of like Nostradamus, aren't you?

THIS IS THE LAST UPDATE OF THE LIST

Ok, you win. Put me on 7th of January, 2018.

I think it will be sidelined until them, going up and down in the 4000's.

Thank you torque.

[UnDerDoG81]

As long as there is nothing around that clearly trumps Bitcoin, I do not foresee it wither away, whether going to $2,500 or $500 short term. Transferring 'value' over the Internet is simply to powerful to go away soon. This will not be uninvented and left for death.

Sure, Ill even expect single digits short term...

[rjclarke2000]

So what's with this little bleed out then?

[yonton]

Sold at 4k, saw this coming. Im getting ready for a bounce off 3500! Who's in with me?

[Raja_MBZ]

But even without that, I think Bitcoin has entered a bear market already - with the bubble being ready to pop right now.

How about there's no bubble? It's just the next global currency, as simple as that. 

I agree. It's potential of bitcoin, not the bubble-making. People are starting to realize this point. I remember idiots first called $100 a bubble, then $1000 a bubble, and now $3500, etc.

Bitcoin preparing for mega-recovery to $4500 soon. Let's wait and see!

[xhomerx10]

From what I have seen, it seems as though the skyward shots are directly preceded by two or more weekly red candles.  I think it's time to strap in again. HODLn'!

edit: sorry...cant attach an image since I'm on an old tablet with bad memory (both of ours)

Well you are NOT fucking going to get two or more preceding weekly red candles, because currently, under present facts, we only have one preceding red weekly candle and we are in the middle of a second weekly candle that happens to currently be red (and price needs to go above $4250 for this week's currently red candle to transform into green - and we are only about half way into this week's candle)...


Your point about returning up on a kind of rocket (from here), may or may not happen...  I would not be surprised either way, at this point.  It seems a bit unclear at this point whether the bears are exhausted and whether enough FUD has been effectively disseminated in order to cause regular folks to panic dump, after already going through an approximately 25% correction...  as we stand, currently.

 You speak as if I WANT 2 weekly red candles and I don't really care so much for the red as I prefer the green.  Also, what if my  chart is set up such that a week started on August 28th?  I am seeing red... More specifically, 2 red weekly candles and if those lead to a rocketing skyward if only by coincidence, I will still celebrate.
 

You don't select your own week.. we tend to use standards.. .such as bitstamp and bitcoinwisdom...   If you are using some other standard, then you should point that out in order that others understand what you are saying.  right?

 If I pull up bitcoinwisdom and select weekly, I see two red candles and one is getting bigger.  What do you see?!

O.k.. at least we are on the same page, then.

One red candle is for last week and the other red candle is for the week that we are currently in.

The weekly candle on that platform closes at midnight sunday Universal Time (UT).

By the way, it would not be accurate to talk about past weekly candles when referring to a current week, even if odds might be pretty decent that this week will turn out red.  Actually the odds of this week's candle remaining red are greater now, then they were when you had made the first post in this thread of discussion.

Thanks, I understand now.  I'm not a trader; I'm a hodler.  I know just enough about a technical chart to be dangerous.

 So, we got our (at least) 2 weekly red candles.   Moon in 3...2...1...

Yes. Agreed.  It appears that last week's candle closed at about $3670, so this week's candle will remain green, unless the price drops below $3670, and at this point, it seems pretty decent odds that this week's candle will be green, no?  We still have nearly 6 days, to find out (and we know that a lot can happen in bitcoinlandia in 6 days -    )

By the way, xhomerx10, I understand that you were talking about the color of the weekly candles, and I have had other threads of discussions with posters about trade volume too, and how that trade volume is depicted in weekly candles.

And, part of my point has frequently been that we will frequently come to faulty conclusions if we attempt to look at trade volume in short intervals, even on the daily.  However, the weekly candles (Stamp on bitcoinwisdom), show that trade volume has been  up for about 20 weeks in a row (sure there were a couple of less dramatic volume levels in there but overall UP).  So we see that there was a bit of an extra trade volume spike in the past couple of weeks, and usually trade volume will not necessarily just suddenly drop off - however, if we were to see a sudden drop off and prices were to trickle up this week, then that could be a bullish sign that bears are kind of exhausted of the battle - yet we know that some of the fuck-twad bears might be connected to a large amount of unlimited printable dollars, but still sooner or later, we could run out of folks willing to sell their coins. 

My thinking of the most logical conclusion is that this price battle and decent trade volume is going to continue in the near future - yet since I continue to have few clues about the intermediate price direction, I continue to prepare for either direction.... and I would not be surprised by a trickling up and then some kind of additional attempts to keep the price from going up, which may be tough for bears to battle off, even if they might be willing to lose some money to achieve their goals of keeping the price down.

 
 Thanks for the tips.  I'm not sure I'll ever have the confidence to do anything but hold though I have thought about playing around with the B_itCH coins I converted to Bitcoin to see if I can't turn that free Bitcoin into more

[Last of the V8s]

So what's with this little bleed out then?

weasel words https://blog.okex.com/2017/09/21/china-might-lose-its-pricing-power-on-digital-assets/

[rjclarke2000]

So what's with this little bleed out then?

weasel words https://blog.okex.com/2017/09/21/china-might-lose-its-pricing-power-on-digital-assets/

Aren't we through with the whole china thing yet? Ok they don't like it, let's move on. Surely that was last week or the week before's FUD.

[yonton]

So what's with this little bleed out then?

weasel words https://blog.okex.com/2017/09/21/china-might-lose-its-pricing-power-on-digital-assets/

The sooner btc gets rid of china the better!

[Last of the V8s]

So what's with this little bleed out then?

weasel words https://blog.okex.com/2017/09/21/china-might-lose-its-pricing-power-on-digital-assets/

Aren't we through with the whole china thing yet? Ok they don't like it, let's move on. Surely that was last week or the week before's FUD.

We most definitely are through with it. But the Chinese are full of f, u, and d still, with rumours of mining bans, potential arrests of that blogger and his counter-party at Huobi, all sorts of worries.

Actually didn't someone just post in here 'omg what happens if all the mining gets banned?' type fud

[Lontonbit]

China exchanges will be back to business as usual by January

[Last of the V8s]

China exchanges will be back to business as usual by January

Sometime soon almost certainly.

Buried deep in here https://www.sec.gov/news/public-statement/statement-clayton-2017-09-20
we woz hacked / we enabled insider trading / we haz beliefs

update http://www.reuters.com/article/us-sec-cyber-weaknesses-exclusive/exclusive-u-s-homeland-security-found-sec-had-critical-cyber-weaknesses-in-january-idUSKCN1BW27P

[Starving_Marvin]

Luckily I managed to buy a new computer before the slight dip. The charts are looking good, maybe have to wait until after the weekend until the new bull race emerges.

[yonton]

Luckily I managed to buy a new computer before the slight dip. The charts are looking good, maybe have to wait until after the weekend until the new bull race emerges.

I loaded up on some rx 480's before the drop, I can hear them happily humming in my spare room lol

[gembitz]

Luckily I managed to buy a new computer before the slight dip. The charts are looking good, maybe have to wait until after the weekend until the new bull race emerges.

September 30th we anticipate to see epic pole vault of all coins weee