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

[BTCMILLIONAIRE]

Even if Bitcoin never managed to become an efficient tool for remittance and retail it will still remain valuable and keep growing for at least as long as no other crypto replaces it as the default base pair in trading alts. This also means that it'll grow at least proportionally to the overall crypto market for the time being.

[UnDerDoG81]

2 more days sideways and we´ll see a drop. Thats what happens most of the time when we go sideways after a dump :/

[BTCMILLIONAIRE]

Also, the window of opportunity that jojo noted is a very real threat to Bitcoin's position at the very top. Competition is fierce and the market moves fast. All it takes is a superior coin and the right marketing/hype. Granted that's very difficult to pull off (as it would require resources well beyond what ICOs raise), but it's not something that is unthinkable.

[BTCMILLIONAIRE]

2 more days sideways and we´ll see a drop. Thats what happens most of the time when we go sideways after a dump :/

My fiat is still ready for $6-8k.

[JimboToronto]

Buenos dias Bitcoinland.

Still consolidating after this week's N. Korea panic, I see... currently $11340USD/$14125CAD (Bitcoinaverage).

It looks like we're forming a nice little ascending triangle. Hopefully we'll be heading back up soon.

January, bah.

[thrax]

Buenos dias Bitcoinland.

Still consolidating after this week's N. Korea panic, I see... currently $11340USD/$14125CAD (Bitcoinaverage).

It looks like we're forming a nice little ascending triangle. Hopefully we'll be heading back up soon.

January, bah.

Have you found any bitcoin ATMs in Mexico you can use to buy the dip yet? I found twelve in Mexico from a google.

[bitcoinPsycho]

2 more days sideways and we´ll see a drop. Thats what happens most of the time when we go sideways after a dump :/

I don't think so

[BitcoinNewsMagazine]

2 more days sideways and we´ll see a drop. Thats what happens most of the time when we go sideways after a dump :/

My fiat is still ready for $6-8k.

We really do not want to see $6-8K. Prices that low would signal a bear market with a high degree of confidence. A double bottom at $9200 could happen without ending the bull market.

[Elix9]

2 more days sideways and we´ll see a drop. Thats what happens most of the time when we go sideways after a dump :/

I don't think so

What do you base that on?

Do you guys think a government shutdown would be beneficial for the crypto markets right now?

[TERA2]

I see no reversal pattern on the daily chart and flat series of lines at the bottom of the candle body of last drop. Then last night we had that huge attempted breakout where it went up $600 in a second with a good follow through, only for me to wake up today and see it went back down. The volume that was driving the bounce has been gone for a while now.  So this isn't going anywhere until it goes back down and catches support again. I'm not saying it has to drop a whole lot further. It might just be a little like to $8K or it might even be within the shadow of the last drop.

[serveria.com]

2 more days sideways and we´ll see a drop. Thats what happens most of the time when we go sideways after a dump :/

I don't think so

What do you base that on?

Do you guys think a government shutdown would be beneficial for the crypto markets right now?

If you're referring to China ban that's an old story. S.Korea ban? Does BTC give a damn?

[bitcoinPsycho]

2 more days sideways and we´ll see a drop. Thats what happens most of the time when we go sideways after a dump :/

I don't think so

What do you base that on?

Do you guys think a government shutdown would be beneficial for the crypto markets right now?

based on nothing but my belief in bitcoin . Oh and the inevertability chart says so. $20000 by 29th Feb $40000 by March 28th  et cetera

[BTCMILLIONAIRE]

2 more days sideways and we´ll see a drop. Thats what happens most of the time when we go sideways after a dump :/

I don't think so

What do you base that on?

Do you guys think a government shutdown would be beneficial for the crypto markets right now?

If you're referring to China ban that's an old story. S.Korea ban? Does BTC give a damn?

Nope, it doesn't and it won't. After all, countries like Switzerland are embracing cryptos with open arms. As much as I can understand why a government would want to regulate or outright ban cryptos, it's almost certainly the wrong move from just about every perspective.

[Elix9]

2 more days sideways and we´ll see a drop. Thats what happens most of the time when we go sideways after a dump :/

I don't think so

What do you base that on?

Do you guys think a government shutdown would be beneficial for the crypto markets right now?

If you're referring to China ban that's an old story. S.Korea ban? Does BTC give a damn?

Nope, it doesn't and it won't. After all, countries like Switzerland are embracing cryptos with open arms. As much as I can understand why a government would want to regulate or outright ban cryptos, it's almost certainly the wrong move from just about every perspective.

I wasn't talking about government regulations, I was referring to the possibility of a temporary US Federal Gov. shutdown that has been in the news lately.

[jojo69]

What do you base that on?

Do you guys think a government shutdown would be beneficial for the crypto markets right now?

what...on earth...would that non-event have to do with anything??

[BTCMILLIONAIRE]

I wasn't talking about government regulations, I was referring to the possibility of a temporary US Federal Gov. shutdown that has been in the news lately.

Ah, I see. In that case I'm not sure why crypto would benefit from that. Doesn't really have any relevance that I could think of spontaneously.

[Elix9]

What do you base that on?

Do you guys think a government shutdown would be beneficial for the crypto markets right now?

what...on earth...would that non-event have to do with anything??

People lose more faith in the established system and gain a little more faith in crypto, a possibility.

[TERA2]

Clearly his analysis was based on TA and not events. Sometimes the event is just a whale trying to dump.

[serveria.com]

2 more days sideways and we´ll see a drop. Thats what happens most of the time when we go sideways after a dump :/

I don't think so

What do you base that on?

Do you guys think a government shutdown would be beneficial for the crypto markets right now?

If you're referring to China ban that's an old story. S.Korea ban? Does BTC give a damn?

Nope, it doesn't and it won't. After all, countries like Switzerland are embracing cryptos with open arms. As much as I can understand why a government would want to regulate or outright ban cryptos, it's almost certainly the wrong move from just about every perspective.

Exactly, it's like trying to ban internet... You can attempt doing it but you risk being isolated and lag behind...

[BTCMILLIONAIRE]

what...on earth...would that non-event have to do with anything??

People lose more faith in the established system and gain a little more faith in crypto, a possibility.

Government shutdowns are not a rare event at all, so I don't see why it would sway public opinion in such a way. If it was the first time the government has been shut down that could potentially be a possibility though.