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

[fabiorem]

Two things can happen now: either we go sideways until the end of february, or we go sideways for two years.

Market is in hybernation. We just dont know for how long.

[luckygenough56]

Two things can happen now: either we go sideways until the end of february, or we go sideways for two years.

Market is in hybernation. We just dont know for how long.

convenient thinking only sideways can happen lol? What about down.

i certainly don't want to buy at 10k and i'm sure i'm not the only one.

[fabiorem]

convenient thinking only sideways can happen lol? What about down.

What about up?

Everytime some whale try to push it down, people go there and buy it, and the price goes up again.

Then they try it again, and people buy once more.

That's why it will go sideways.

[Rosewater Foundation]

Such fun

[greensheep]

why is coinbase having such weird spikes on the drop times?
I find this strange that they are situated all at the botom too

http://data.bitcoinity.org/markets/spread/24h/USD?c=e&f=m10&r=minute&st=log&t=l

[JayJuanGee]

Such fun

I did have one BTC buy order fill in the past hour based on this downward BTC price movement, yet I still have 4 more BTC buy orders in the lower $10k arena that are still pending and then another 4 more in the lower $9k arena  that would be pending on the buy side, thereafter.

Nail-biting?   What is going to happen?

I do feel about 50% more poor from out $19,666 price arena, even while I feel 10x more rich from last year.

Could not be that bad for those of us BTC HODLers who have been "in" for more than a year, correct?

[JayJuanGee]

why is coinbase having such weird spikes on the drop times?
I find this strange that they are situated all at the botom too

http://data.bitcoinity.org/markets/spread/24h/USD?c=e&f=m10&r=minute&st=log&t=l

Could be from the thinning of the order books, which tends to be something that happens during volatile times and considerable price movements.

If bear whales are becoming successful to get some of the buy orders off the books on one or more exchanges, then they can be successful to push the price down.  Still not a certain thing, but larger price spreads seems to be sign of a dynamic and potentially explosive market.

[vexbuy]

The strange part about all this is that the possibility to continue to another ATH is still not completely off the chart and could fit the previous pattern..

What would the timeframe for an ATH be though?

[mike4001]

The strange part about all this is that the possibility to continue to another ATH is still not completely off the chart and could fit the previous pattern..

What would the timeframe for an ATH be though?

Maybe at the next Halving in 2020.

We went below 10,5k again. Anyone thinking this will change anytime soon is purely speculating and trying to get others to buy.

[mindrust]

We have 3 choices now.

We either go up, down or sideways. There simply isn't another way. If you don't agree you are a bcash shill.

[sirazimuth]

We have 3 choices now.

We either go up, down or sideways.

Well I’ll go out on a limb here and say yeah ,you pretty much
covered all the bases there bro....

[jojo69]

I am not finding this breakdown of the line from the 17th convincing.

Unconvincing shake?

now I find it convincing

support around 9800 GDAX

[gentlemand]

This is reminding me of the $800 phase in early 2014. I'd prefer a violent plunge to rip everyone's baby blue panties to shreds and then we can get down to business.

[Arriemoller]

We have 3 choices now.

We either go up, down or sideways. There simply isn't another way. If you don't agree you are a bcash shill.

https://youtu.be/mzJmTCYmo9g?t=117

[jojo69]

bounce off the 200 here?

[romneymoney]

This is reminding me of the $800 phase in early 2014. I'd prefer a violent plunge to rip everyone's baby blue panties to shreds and then we can get down to business.

That's when I started buying so I remember it well.  I've thought the same many times.

[RejectedBanana]

So how worried should we really be about this imminent Tether implosion?

https://mashable.com/2018/01/29/bitcoin-tether-stablecoin-alleged-scam/

Anyone taking measures?

[LFC_Bitcoin]

This is reminding me of the $800 phase in early 2014. I'd prefer a violent plunge to rip everyone's baby blue panties to shreds and then we can get down to business.

I’m a long term HODLER but in that scenario I’d be seriously increasing my stash again. Weak hands are pathetic but there’s always an opportunity to capitalise on other people being pathetic.

[Enjel]

This is reminding me of the $800 phase in early 2014. I'd prefer a violent plunge to rip everyone's baby blue panties to shreds and then we can get down to business.

I think we've pretty much hit the bottom. For those who bought at 18k, expecting to get rich quick, a drop to 9k is more than enough shock to shake those people off.

Transaction costs are also no longer an issue, and speed is up. FUD is down too, since South Korea just added some regulations. We just had over 50% correction. A larger correction makes no sense since the run-up was nowhere near as sudden as back in 2013.

Just scooped up some more BTCs near 10k. Have a bit left in reserve to buy if it drops to ~8k.

[Lopumbo]

some of you seem to suffer from some form of cognitive dissonance
what is cheap? what is expensive? only because we reached 20k$ doesn't mean 10k$ is cheap in comparison, if that price was reached through fraudulent activities.
You just have that anchor of "20k$" which serves as a basis of price evaluation.

Don't forget that the bitcoin engine has to be filled by about 10 Million $ every fucking day to keep the price stable!