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Question: Feb. 28 Bitcoin Price:
<$7,000 - 8 (4.7%)
$7,000-$8,000 - 4 (2.3%)
$8,000-$9,000 - 6 (3.5%)
$9,000-$10,000 - 13 (7.6%)
$10,000-$11,000 - 24 (14%)
$11,000-$12,000 - 33 (19.2%)
$12,000-$13,000 - 17 (9.9%)
$13,000+ - 67 (39%)
Total Voters: 172

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 20169002 times)
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ragnar0k
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November 04, 2017, 08:20:07 PM

It's going to hurt so much when retrace comes...
I can't even enjoy ATH  Cry Cry
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BobLawblaw
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November 04, 2017, 08:21:36 PM

(wtfman.gif)

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November 04, 2017, 08:25:21 PM

Quote
Bitstamp | Total bids: 118658286 USD. Total asks: 2360 BTC. Ratio: 50265.65999 USD/BTC. | Data vintage: 0.0184 seconds
Surprises me every other day.

I know. I started following this religiously too after seeing your posts a few months back. Unless there is a big inflow of btc the price has no choice but to explode. I expect its the same story in the other big exchanges
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November 04, 2017, 08:28:16 PM

You mean that after all of this discussion of "wave 5", we have not even arrived at it yet?Huh

 Angry Angry Angry

I am really ANGRY, if you cannot tell...

Idk. They say that you can see waves with some certainty only retrospectively, and I'm not an expert for sure.

hahahahaha...

Seems like both of us had been exaggerating a bit and perhaps joking to the degree that at some point we need to say something that is more grounded in reality...   

So, yeah, I agree with you that it is quite likely that waves cannot really be understood too well, except when looking back historically, and likely such assertion is even more true with something like bitcoin that seems to be exploring uncharted territory, immature, and possibly in a kind of s-curve adoption phase.




IMO I don't expect much resistance until the 9K, even because S2X seems to be a dud even worse than the other fork attacks.
And once S2X will be revealed as the fail that it is I see just a free highway going forward.


Well, you have a few main ideas going on here or at least various branches of your assertion(s).

I agree with the general suggestion that the upcoming forkening (if it happens) is causing some of our current price dynamics - and we likely need to attempt to specify exactly the forces to be able to recognize that the overall dynamics is causing ongoing and upwards BTC price pressures.

In that context, we still have about 11 more days before the proposed forkening, which is kind of a lot of time in bitcoinlandia, which could cause some thoughts that this particular price rise from $5900 to $7500 has come to us a bit "early".. and in that regard, it seems difficult that we would only have UPPITY for the next 11 days because that would likely be too much. and surely cause a kind of bubble (if not merely temporary)..

Even though I could be wrong, I also think that you are a bit premature to just throw $9k in there as our next resistance level.  Sure, earlier, I had indicated that I though that $6800 to $7800 was our next resistance range - yet we seem to be kind of floating right through it, even though we have not surpassed $7800, yet.  But I suspect that if we do get passed $7800 in the coming days - or even week, the next resistance range of $9600 to $13600 is going to be more than fair game, even before this proposed forkening.

Of course, if we go passed $13600 for this particular upwards price movement, then we are likely a bit fucked in terms of the level of any likely correction.. and gosh, I am not even really sure whether it would be fair to discuss what the resistance level might be after $13600, but would likely be in the $17k to $20k territory-ish.


So what happens after or during any actual forkening, if it occurs, would likely depend upon how we much upwards we had in getting to the forkening and also whether this segwit2x is actually a dud in fact and how long it takes to determine that it is a dud, if that ends up being the outcome (which I agree seems to be amongst the most likely of the scenarios).


I kind of agree with the scenario that there is going to be a decent amount of further UPPITY, in the event that the forkening is resolved quickly in showing the absurdity of the s2x proposition.


But a wildcard that I'm expecting is the implosion of Finex.

What the fuck is this?  A complete conspiracy?  Do you have any evidence at all that this is likely beyond pure speculation that Bitfinex is getting BIG again?

By the way, Bitfinex has to have a bit of confidence in their solvency and even their attempt to run a legitimate business since they had the balls to kick out all of the USA customers, including yours truely.  Maybe you are going to assert that I am naive, but if Bitfinex truely wanted to exit scam us, wouldn't they have already done it?  They weren't ready to exit scam us, so now they are building up business in order to exit scam us on their own convenient time line? 

Come on!!!

[insert jim carey "come on meme" here, with the water spitting part]
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November 04, 2017, 08:28:52 PM

5 consecutive days with an ATH.

 Shocked
rjclarke2000
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November 04, 2017, 08:30:27 PM

I'm very happy but calm down bitcoin!!! Scared of the correction here!!! Let's stay between 7000-7500 for a day or so.
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November 04, 2017, 08:32:09 PM

5 consecutive days with an ATH.
 Shocked

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November 04, 2017, 08:36:54 PM


But a wildcard that I'm expecting is the implosion of Finex.

What the fuck is this?  A complete conspiracy?  Do you have any evidence at all that this is likely beyond pure speculation that Bitfinex is getting BIG again?

By the way, Bitfinex has to have a bit of confidence in their solvency and even their attempt to run a legitimate business since they had the balls to kick out all of the USA customers, including yours truely.  Maybe you are going to assert that I am naive, but if Bitfinex truely wanted to exit scam us, wouldn't they have already done it?  They weren't ready to exit scam us, so now they are building up business in order to exit scam us on their own convenient time line? 

Come on!!!

[insert jim carey "come on meme" here, with the water spitting part]

you're lucky you're out, cos it's true they're gonna go phft. they're backed by promises to pay rather than money. not a bitcoin business at all
bitcoinPsycho
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November 04, 2017, 08:40:17 PM

5 consecutive days with an ATH.

 Shocked
its the new normality . I see it as an upward correction
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November 04, 2017, 08:43:52 PM

ATH @ Kraken!

6400 €

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November 04, 2017, 08:45:12 PM

For the first time ever, bitcoin is now looking like a bubble to me as well. Its value shouldn't have been like this till at least the start of next year. $7500 in 2017? We're in a little bubble now, I guess.

I'm expecting some bad news now actually, pushing its value back to $5000... Roll Eyes
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November 04, 2017, 08:51:28 PM

I'm expecting some bad news now actually, pushing its value back to $5000... Roll Eyes

Given my current profession, I'm going to need to go full bull on this.

It seems we have the momentum to carry us to $10k USD/BTC before finding stability.
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November 04, 2017, 08:55:53 PM

just hooked up my old asicminer block erupter USB sticks and started running them again. pretty sure i won't make a cent, but screw it.

course two hubs seemed to have died on me... 13 sticks not running. Sad

this, of course, means the price will tank.
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November 04, 2017, 09:05:59 PM


big blocks--stinky fiat
gembitz
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November 04, 2017, 09:20:10 PM

For the first time ever, bitcoin is now looking like a bubble to me as well. Its value shouldn't have been like this till at least the start of next year. $7500 in 2017? We're in a little bubble now, I guess.

I'm expecting some bad news now actually, pushing its value back to $5000... Roll Eyes

correcting UP^ bitcoin new target>.>$12,OOOx$15,OOO+ confirmed!! Cool #trusted_legendary
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November 04, 2017, 09:22:04 PM



http://www.zerohedge.com/news/2017-11-04/chinas-bitcoin-exchanges-are-shifting-otc-business-model
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November 04, 2017, 09:27:49 PM

Its getting into nice accelerating parabolic phase. Lips sealed
any shorts attempts can get margin called quickly accelerating it further. This beast can still move up thousands of dollars within few days or "correct" from here.
Its hard to guess,but my bet is its going to get close to 10k at least -because parabolas dont usually end with long sideways move or slow retrace..
Any outcome will be interesting for sure Smiley
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November 04, 2017, 09:32:41 PM

Its getting into nice accelerating parabolic phase. Lips sealed
any shorts attempts can get margin called quickly accelerating it further. This beast can still move up thousands of dollars within few days or "correct" from here.
Its hard to guess,but my bet is its going to get close to 10k at least -because parabolas dont usually end with long sideways move or slow retrace..
Any outcome will be interesting for sure Smiley

BTCBTC soon>.>~$12,OOO per trusted sources Cool weeee
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November 04, 2017, 09:35:09 PM

I dunno about you guys, but I'm totally cool with Bitcorn sorta hanging out and consolidating where it's currently at. For a day at least... then resume moonshot...


What you are suggesting is almost an impossible scenario.

There is too much excitement, currently, and the most likely direction is up.

Sure, of course it could consolidate, but it generally is not going to consolidate at the top of a wave...


Maybe if it goes down 10% or so, then it could consolidate 5% below the wave, perhaps?  But just does not seem like consolidation is in the cards at the moment.
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November 04, 2017, 09:37:58 PM

ATH @ Kraken!

6400 €



very nice picture!!!
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