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

[toknormal]

What does New York University's bitcoin troll in residence have to say about latest events ?

[Biro Bob]

The problem is, the correction's just far to sharp and deep for it to be the start of a long term bear market. What's happened is it got overheated in December, then the bubble popped. Then shorters took control and it gets oversold. Then the short bubble pops and it generally ends up halfway up the retrace where it stabilises. So that would be around $13,800 if it spikes down to, say $8800.

If it really was the start of a long term bear, what usually happens is you get a bubble popping to, say 30%, 40% retrace, then a slow build up over a couple of months, then lower highs from there on for 6 months to a year. This isn't like that. It's a perfect bitcoin overheat retrace type correction (IMHO that is).

Lets see what happens when the shorts close and re-assess as we're getting into oversold territory at increasingly long ranges now. RSI is confidently oversold at all ranges up to the 6 hour already, 12 hour is just entering and 1, 3 day are not far off.

I agree.

I mean, just look at the 1d chart on Stamp. The short/sell volume has been falling ever since the ATH. Right now in comparison to previous legs down, it's pathetic.

If you watch Bitstamp on Bitcoinity, there are multiple sells of 0.02 and 0.01 BTC followed by buys of 10 BTC.

[PoolMinor]

Here's a ray of light. It is currently more expensive to go down 1500 dollars than it is to go to 25k,

[imghttps://i.imgur.com/pWn3W4c.png[/img]

Not sure if you have used your math skills yet, but that statement is erroneous.

[gembitz]

 

gembitz is posting again - does that mean we are about to back in a bull period?

gemz is baaaaack and im at the international gem show weee

Tucson Gem show, nice, are you one of those kids hanging out around Howard Jonson's?   

yep i have a gun case full of tourmalinecoin weee

[PoolMinor]

So it might go up or it might go down? tks for that. i feel much better now knowing the possible directions

Don't forget "sideways."

You're welcome.

[Wekkel]

So it might go up or it might go down? tks for that. i feel much better now knowing the possible directions

Don't forget "sideways."

@fragout, the point of these graphs is to give you an indication of what the status of the market is so you can make a better educated guess about the possible course of price action. It’s not a crystal ball and you would be well advised not to piss on such contributing posts.

[serveria.com]

Only down to 10k but so much whining I even saw some 3-4k predictions here? Pull yourselves together and HODL! What kind of brain-dead retards sell now?

[Icygreen]

 

gembitz is posting again - does that mean we are about to back in a bull period?

gemz is baaaaack and im at the international gem show weee

Tucson Gem show, nice, are you one of those kids hanging out around Howard Jonson's?   

yep i have a gun case full of tourmalinecoin weee

Haha, I may have met you yesterday. Actually I did hear something about tourmaline coin ICO on my way through that parking lot yesterday evening.

[UnDerDoG81]

Wow bitcoin is under heavy attack from jew media here in Germany. The biggest jew paper "Bild" says it will completely collapse soon and go to zero. Looks like they are really scared of cryptos 👍

[ivomm]

Wow bitcoin is under heavy attack from jew media here in Germany. The biggest jew paper "Bild" says it will completely collapse soon and go to zero. Looks like they are really scared of cryptos 👍

I love when they say goes to zero. Then I will by all bitcoins for zero and sell it for 0.00001$ and will be infinetely rich!

[HairyMaclairy]

If you want to talk about Jews and precious metals all the time you need to go back to the 1940s where you belong. Pro tip: there is no Bitcoin there

[toknormal]

Market looking superb.

[El duderino_]

Breaking 24777$ prediction game      FINAL LIST       

27/12/2017 bikerleszno
29/12/2018 cAPSLOCK 
30/12/2017 digithusiast
31/12/2017 Raja_MBZ
01/01/2018 elg
02/01/2018 wachtwoord
03/01/2018 JimboToronto
04/01/2018 d_eddie 
05/01/2018 BTCMILLIONAIRE
06/01/2018 HanvanBitcoin
07/01/2018 ghandi
08/01/2018 savetherainforrest
09/01/2018 explorer
10/01/2018 bicoinpsycho
11/01/2018 Bitcoinaire
12/01/2018 speedwheel
13/01/2018 undeadbitcoiner
14/01/2018 northypole
15/01/2018 ivomm
16/01/2018 maca068
17/01/2018 bitcoinvest
18/01/2018 last of the v8s
19/01/2018 mfort312
20/01/2018 1982dre
21/01/2018 flamast2
22/01/2018 RealMachasm
23/01/2018 willope
24/01/2018 kartala
25/01/2018 orpington
26/01/2018 rolling
27/01/2018 LFC_bitcoin
28/01/2018 jojo69
29/01/2018 CristiTCM
30/01/2018 rayX12
31/01/2018 realsteelboy
01/02/2018 twocorn
02/02/2018 mancroofer
03/02/2018 True Myth
04/02/2018 poolminor
05/02/2018 itod
06/02/2018 scheptan
07/02/2018 vapourminer
08/02/2018 alexeft
09/02/2018 siera
10/02/2018 AlcoHoDL
11/02/2018 Dunkelheit667
12/02/2018 yonton
13/02/2018 Wekkel
14/02/2018 Thekool1s
15/02/2018 starmman
16/02/2018 Globb0
17/02/2018 leveldkrypto
18/02/2018 olesh
19/02/2018 BitCoinBurger
20/02/2018 Paashaas
21/02/2018 flynn
22/02/2018 icygreen
23/02/2018 erisdiscordia
24/02/2018 phil_s
25/02/2018 sirazimuth
26/02/2018 Arriemoller
27/02/2018 yonton
28/02/2018 Muttley
01/03/2018 bones261
02/03/2018 heater
03/03/2018 soullyG
04/03/2018 InvoKing
05/03/2018 Notme
06/03/2018 sa_94
07/03/2018 NUFCrichard
08/03/2018 Imbatman
09/03/2018 Roombot
10/03/2018 STT
11/03/2018 badream
13/03/2018 erre
14/03/2018 julian071
15/03/2018 podyx
17/03/2018 fragout
18/03/2018 fabiorem
21/03/2018 dakustaking76
23/03/2018 nikauforest
31/03/2018 vroom
01/04/2018 somac.
02/04/2018 kurious
04/04/2018 fluidjax
05/04/2018 bitcoinbunny
08/04/2018 tyler1890
10/04/2018 ludwigvon
11/04/2018 hairymaclairy
16/04/2018 practicaldreamer
18/04/2018 free-bit.co.in
27/04/2018 drbrockoin
01/05/2018 sprinkles
02/06/2018 oblox
07/07/2018 IntroVert
03/08/2018 toxic2040
28/08/2018 bitserve
15/10/2018 Yefi
05/11/2018 mikenz
31/12/2018 melman2002
01/01/2019 Spaceman_Spiff_Original
12/02/2019 FractalUniverse
21/04/2019 gentlemand
20/02/2020 romneymoney
18/12/2021 luckygenough56

UPDATE     AND GOOD LUCK

So i read the Many Many predictions that we can actually fall a little deeper specialy with the extra FUD throwing @us (seems like extra highlighted days for those FUDspreaders) but like most i also believe there is much of positive things Going on and we must again look further than al of This FUD and focus on the more important and fundamentels of the sector , a few offers of the great news like Samsung gig on bitcoin miningchips production, appraising Words from CEO of twitter on bitcoin..., adaption from Japan , southkorea ( NOT banning btc), attention from big thinkers of This time like elon musk, nasim taleb.....
So maybe Just This are very good prices for new peoples to get involved and for otters to invest a little extra
Or i’m Wrong ?

[serveria.com]

If you want to talk about Jews and precious metals all the time you need to go back to the 1940s where you belong. Pro tip: there is no Bitcoin there

Good hint for the roach guy as that's all he does

[Last of the V8s]

[Globb0]

Don't really know what point you're trying to make Globb0.

The point I was making was that when an entire asset sector has a single entity like Tether in its midst that's capable of bidding up the market at will with limitless supply, that is a toxic situation. That isn't the case with "pure crypto" assets like BitUSD. Their supply is not created arbitrarily out of thin air and is always market backed which is why you occasionally get those spikes you're pointing out.

The reason is stays on its peg is that when it spiked down like that there is a huge market gain to be made for traders taking the long side in order to restore the peg (which is exactly what has happened since that dump occurred. See current price):

Thanks for taking the time to set me straight. I was observing potential impact/synergy from one to the other.

[toknormal]

Thanks for taking the time to set me straight. I was observing potential impact/synergy from one to the other.

[El duderino_]

Just allways love the morpheus memes the face is suitable for all of them

[LFC_Bitcoin]

Breaking 24777$ prediction game      FINAL LIST        

27/12/2017 bikerleszno
29/12/2018 cAPSLOCK  
30/12/2017 digithusiast
31/12/2017 Raja_MBZ
01/01/2018 elg
02/01/2018 wachtwoord
03/01/2018 JimboToronto
04/01/2018 d_eddie  
05/01/2018 BTCMILLIONAIRE
06/01/2018 HanvanBitcoin
07/01/2018 ghandi
08/01/2018 savetherainforrest
09/01/2018 explorer
10/01/2018 bicoinpsycho
11/01/2018 Bitcoinaire
12/01/2018 speedwheel
13/01/2018 undeadbitcoiner
14/01/2018 northypole
15/01/2018 ivomm
16/01/2018 maca068
17/01/2018 bitcoinvest
18/01/2018 last of the v8s
19/01/2018 mfort312
20/01/2018 1982dre
21/01/2018 flamast2
22/01/2018 RealMachasm
23/01/2018 willope
24/01/2018 kartala
25/01/2018 orpington
26/01/2018 rolling
27/01/2018 LFC_bitcoin
28/01/2018 jojo69
29/01/2018 CristiTCM
30/01/2018 rayX12
31/01/2018 realsteelboy
01/02/2018 twocorn
02/02/2018 mancroofer
03/02/2018 True Myth
04/02/2018 poolminor
05/02/2018 itod
06/02/2018 scheptan
07/02/2018 vapourminer
08/02/2018 alexeft
09/02/2018 siera
10/02/2018 AlcoHoDL
11/02/2018 Dunkelheit667
12/02/2018 yonton
13/02/2018 Wekkel
14/02/2018 Thekool1s
15/02/2018 starmman
16/02/2018 Globb0
17/02/2018 leveldkrypto
18/02/2018 olesh
19/02/2018 BitCoinBurger
20/02/2018 Paashaas
21/02/2018 flynn
22/02/2018 icygreen
23/02/2018 erisdiscordia
24/02/2018 phil_s
25/02/2018 sirazimuth
26/02/2018 Arriemoller
27/02/2018 yonton
28/02/2018 Muttley
01/03/2018 bones261
02/03/2018 heater
03/03/2018 soullyG
04/03/2018 InvoKing
05/03/2018 Notme
06/03/2018 sa_94
07/03/2018 NUFCrichard
08/03/2018 Imbatman
09/03/2018 Roombot
10/03/2018 STT
11/03/2018 badream
13/03/2018 erre
14/03/2018 julian071
15/03/2018 podyx
17/03/2018 fragout
18/03/2018 fabiorem
21/03/2018 dakustaking76
23/03/2018 nikauforest
31/03/2018 vroom
01/04/2018 somac.
02/04/2018 kurious
04/04/2018 fluidjax
05/04/2018 bitcoinbunny
08/04/2018 tyler1890
10/04/2018 ludwigvon
11/04/2018 hairymaclairy
16/04/2018 practicaldreamer
18/04/2018 free-bit.co.in
27/04/2018 drbrockoin
01/05/2018 sprinkles
02/06/2018 oblox
07/07/2018 IntroVert
03/08/2018 toxic2040
28/08/2018 bitserve
15/10/2018 Yefi
05/11/2018 mikenz
31/12/2018 melman2002
01/01/2019 Spaceman_Spiff_Original
12/02/2019 FractalUniverse
21/04/2019 gentlemand
20/02/2020 romneymoney
18/12/2021 luckygenough56

UPDATE     AND GOOD LUCK

On This point i’ll be happy When i can allready send the .25 btc amount

I’m very curious how Many sad faces i have to give.... offcourse i realize it still is bitcoin and everything could happen
Very very fast , but i’m Kinda waiting to buckle up and to see the train, popcorn and..... memes cause whatever BTC is doing we all love the green green up up zone ...

Mic I’m already out of the prediction game but I don’t care, I’ll be just as happy WHEN we see the magic $24,777.
Just threw you some Smerit for your great service to the community on this & previous posts/giveaways.

[Last of the V8s]