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

[mr angry]

It's been a big shock to look at my accounts now days and just the dust .1btc on my phone went from 40 dollars to 1500.

I know the feeling. This is my first bull market experience of watching what I once regarded as dust becoming worth hundreds of dollars.

[jojo69]

This board is like a twilight zone where anything that's not a perpetual straight rise to $10,000,000 is bearish

just the way we like it

[Elwar]

The bitcoin wallet on my Purse.io account has perpetual money.  I spend money once in a while, then go to spend again and there is even more money in there than the last time I bought something.

Just bought a Trezor at a 23% discount.

[Deeyoh]

It's been a big shock to look at my accounts now days and just the dust .1btc on my phone went from 40 dollars to 1500.

I know the feeling. This is my first bull market experience of watching what I once regarded as dust becoming worth hundreds of dollars.

Bought 2 Trezor's back when they first came out since I was using Armory at the time.  Was a pita to get BitcoinD to load then took forever for Armory to sync the database.   Put my daughters college fund on one and our personal savings on another.    Holy crap.. that girl could go anywhere she would want now; can't imagine in another 8 years when she can use it.

[HairyMaclairy]

What do you think it's just going to continue setting a new ATH every 5 days with that weak chart and thin book? Its over. Get over it.

https://youtu.be/OZSr27GQq7w

[mr angry]

The bitcoin wallet on my Purse.io account has perpetual money.  I spend money once in a while, then go to spend again and there is even more money in there than the last time I bought something.

Just bought a Trezor at a 23% discount.

Each time I sell I find myself regretting it months later because I could have sold ten times higher. The dust left over from a transaction becomes worth more dollars than what I sold. You might find your trezor cost you $1000 in a few months, and that a few months after that the dust left over is worth enough to buy a new car.

[NiceSoft12]

[TERA2]

^ See I'm not THIS bearish. I expect some kind of bounce at 8K

[BlindMayorBitcorn]

She moves in mysterious ways.

[Deeyoh]

Yay, scribble charts.  Those are fun.  What I've learned over the years.. when everyone expects something it usually won't happen.   The big fish know that all the little fish are waiting to feed on leftovers and believe me they are greedy.  They don't want to share at all and usually just eat the little fish in the process.

All the little fish are selling like mad waiting to buy in at a lower price, best to just jump out of the pool and wait while the big fish get fat and happy on the dumb little fish that stayed.   Of course I was playing with a few btc and now stuck in cash.  I know it won't go my way. LOL

[jojo69]

finally

some quality TA in this thread

[DaRude]

BTC500 mini wall @ $15k is getting eaten on Finex

[RoomBot]

finally

some quality TA in this thread

Angry Little Fish 

[Elwar]

The bitcoin wallet on my Purse.io account has perpetual money.  I spend money once in a while, then go to spend again and there is even more money in there than the last time I bought something.

Just bought a Trezor at a 23% discount.

Each time I sell I find myself regretting it months later because I could have sold ten times higher. The dust left over from a transaction becomes worth more dollars than what I sold. You might find your trezor cost you $1000 in a few months, and that a few months after that the dust left over is worth enough to buy a new car.

Better to spend bitcoins than have fiat to spend.

[yefi]

Looks like its going with the 16k thing before the drop

I'm thinking the 78 fib line around 17,900. There should be significant resistance around 18K. If it can break through decisively, then who knows. A continuation of the exponential trend would suggest around 80K in Jan/Feb.

[fluidjax]

The bitcoin wallet on my Purse.io account has perpetual money.  I spend money once in a while, then go to spend again and there is even more money in there than the last time I bought something.

Just bought a Trezor at a 23% discount.

Each time I sell I find myself regretting it months later because I could have sold ten times higher. The dust left over from a transaction becomes worth more dollars than what I sold. You might find your trezor cost you $1000 in a few months, and that a few months after that the dust left over is worth enough to buy a new car.

But without buying a Trezor, you may find in a few months you have no Bitcoins at all. My cheap car I bought with BTC profits a few years back cost me $500K now, but better security is never a waste of money.

[CryptoCharlie]

$20K by New Years
https://i.imgur.com/1jMsU5q.png

[spiderbrain]

So basically a stegosaurus? I can't argue with your logic. Or your crayons.

[NiceSoft12]

I post that chart because I know some of you are going crazy about the bitcoin 10.21% ... is it a bubble or not..
Well let's make this straight... if you think this kind of price action isn't typically a bubble.. then you need to review your classics !
Of course this is a bubble ! The only question is when is going to burst.. That's a tricky question.. and trying to short a bubble require quite some experience.

Every trade need a technical background to support the scenario (otherwise it's just random betting.. and that's gamble.. not trading).
Using my mighty couple of indicators, PRO Sinewave & PRO Momentum, here's what I have :

We can clearly highlight 5 sell signal (confirmed by both Sinewave & Momentum). These will obviously act as resistances during the technical bounce that we may see next.
AND I SAID "MAY SEE" because so far there's not a single sign of bullish support on Sinewave and neither on Momentum.
Finally we can add the "BEAR TREND" confirmation that showed up when things started to get a little nastier !
Which means that until we manage to break a resistance, we're still bearish in term

[TERA2]

Ok I have to admit my posts have been super bearish and I'm going to change my ways. So here's how it's going to go. Look, this is going up. It's going straight up. Nobody is ever going to sell again. There will never be another dip, or another retracement, or another crash. A miner might need to sell like 1 satoshi, that's it. We're going to see an increase at a steady rate of, say, 5% per day. A new ATH will appear at least once per week. We will reach $1,000,000 in no time, and then it'll keep going. There will be no limit because all of us will be hoarding everything except 1 coin. The whole world will have to share the single coin in circulation, which comprises all of the world's GDP and currency derivatives, and they will be fighting over satoshis. Warren Buffet will go big and buy like 100 satoshis. To the moon. Wow.