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

[BlindMayorBitcorn]

A goldbug I used to work with tried to give me one of these from his roll during the collapse. To rub my nose in it...as it were.



I could never get him to understand. And now it's too late.

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[triads]

Classic price movement: mania up to $4800, panic-sell drop to $3000, then price
settling in around $3900.  The go-no-where price of the last week is actually
really good for the coin... boring trade that's in equilibrium may not be good for
speculators or traders, but it's good for BTC.

[jojo69]

Classic price movement: mania up to $4800, panic-sell drop to $3000, then price
settling in around $3900.  The go-no-where price of the last week is actually
really good for the coin... boring trade that's in equilibrium may not be good for
speculators or traders, but it's good for BTC.

couldn't agree more

[pfrtlpfmpf]

Classic price movement: mania up to $4800, panic-sell drop to $3000, then price
settling in around $3900.  The go-no-where price of the last week is actually
really good for the coin... boring trade that's in equilibrium may not be good for
speculators or traders, but it's good for BTC.

I have no idea, what your´re talking about, but i´m hodling 

[SimonJones]

If it stays here for the rest of the year, it will be good for Bitcoin price. Then we will see a massive explosion next year.

[JayJuanGee]

If it stays here for the rest of the year, it will be good for Bitcoin price. Then we will see a massive explosion next year.

In recent days, I have come to the tentative conclusion that BTC prices are currently bouncing around in a kind of consolidation range of approximately $3400 to $4300 - so yeah, it is a BIG range and we are currently a bit into the upper half of such range; however, I don't really see any reason to get too excited if the price bounces around in such range - until it appears poised to break such range or if it does in fact break the range.... furthermore, since we seem to continue to be in a bull market, I place slightly higher chances that prices are going to break to the upside of the range, rather than to the downside of the range. 

[WhatsBitcoin]

12 months of sideways never hurt nobody

[Elwar]

Classic price movement: mania up to $4800, panic-sell drop to $3000, then price
settling in around $3900.  The go-no-where price of the last week is actually
really good for the coin... boring trade that's in equilibrium may not be good for
speculators or traders, but it's good for BTC.

Stability has always fueled the Bitcoin rocket.

[pfrtlpfmpf]

If it stays here for the rest of the year, it will be good for Bitcoin price. Then we will see a massive explosion next year.

The explosion theory. I favor that one 

[WhatsBitcoin]

since Jimbo's daily update has started to include bcash I guess shitcoins are fair game now so who decided to pump zcash and why

[Wekkel]

Because the market is dull at the moment, some reading pleasure: https://mobile.twitter.com/marting/status/910706119479246848?ref_src=twsrc%5Etfw&ref_url=https%3A%2F%2Fhackernoon.com%2Fmedia%2Ff55c1c16d2477c4e7ce3d54b81b9d4e6%3FpostId%3De794cf33c5b2

Can you hear that (mainstream) wave coming?

HODL everything.

[JayJuanGee]

12 months of sideways never hurt nobody

You are right, that it never hurt nobody... but we are not there. 

We are going to get a resolution in one direction or another.  We are in the midst of a 22 week long battle, and there is no real sign that either side is giving up regarding the direction... accordingly, you do not get sideways when there continues to be so much price disagreement and so much willingness to throw a lot of coin (and dollars) at attempting to resolve the matter in your favor.. and accordingly, we could have this extensive battle for several more months, but we are likely not going to be staying in the $3400 to $4300 price range throughout that time..

Furthermore, we could break out one direction and then the other, and I think that the more likely direction remains up - so even though sideways is a possibility, it is not a very high one and even less of a possibility that meaningful sideways could be sustained for a whole fucking 12 months.   

[Karartma1]

Classic price movement: mania up to $4800, panic-sell drop to $3000, then price
settling in around $3900.  The go-no-where price of the last week is actually
really good for the coin... boring trade that's in equilibrium may not be good for
speculators or traders, but it's good for BTC.

Stability has always fueled the Bitcoin rocket.

It took a lot of dumps and sideways back in 2014/2015 to build the foundations of today price levels. The rocket needs to refuel every once in a while because all of you know that every bull run is so much fun.
Go back in this thread to see what it was like during the 4K escalation a while ago.
Holding the keys is the key 

[SERVERIA]

I wonder where all those hero and legendary trolls proclaiming doom are now?    Nobody's buying that fud anymore?

[d_eddie]

Breaking out? I think 4k is incoming.

[P_Shep]

What about adopting a parrot? We are all pirates, after all. This way we can save our fingers some effort.

Way back machine engaged.

https://i.imgur.com/lKKfpQV.png
This post was brought to you courtesy of the way back machine.

The way back machine. It takes you way back.

I'll admit. I got greedy. I lost over 1300 Bitcoins in that fiasco. In principal - several times that if we include my (so-called) gains.

Not much for nostalgia on that one.

Shiiiiiiit.

I lost 30 :/
Funny thing is I thought the savings and trust was dodgy af, so invested in another one. Turned out that was investing in BS&T... really should have read a bit more 

[sgk]

What did I just see?!

[bitcoinPsycho]

What did I just see?!

Business as usual

[Denker]

And we're back to 4k!
Let's see if we can stay above that important level now and continue the ride.
I hope we move up again, step by step to at least 4400 where I expect next level of resistence.

[Raja_MBZ]

And we're back to 4k!
Let's see if we can stay above that important level now and continue the ride.
I hope we move up again, step by step to at least 4400 where I expect next level of resistence.

Whenever bitcoin recovers... it seems like its stronger than ever.

Hopefully, we'll be heading towards $4500 soon. Enjoy the chart, guys!