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

[JayJuanGee]

concept of support is silly

It is just a way of framing the matter for more clear understanding.  Support is on the bottom and resistance is on the top.  Can be strong or weak, but it seems to capture the idea, and even if it does not it seems to be common parlance in the trading world.

[jojo69]

LOL

XRP -30%

that rather takes the sting out of events

[HairyMaclairy]

LOL

XRP -30%

that rather takes the sting out of events

XRP could well go back to where it came from.  And deservedly so. 

[JayJuanGee]

That flat line at 8750 looks like something out of mtgox

Just curious - what is your prediction? I remembered you were very bearish a few weeks ago, but now you're not calling "big crash" like some are.

There could be a big crash, but it's not going to happen all at once as were already in slow grind mode. It would be a slow slide with lots of bounces like 2014. I think from here it could go to 7-8K then have a bounce back up to 13K  before proceeding with the next wave down to 5.5K then a much longer bounce to 10K and then a final wave to above 3K. This would mimic 2014.

You could be correct Tera    (AKA terabera), but I think that part of the reason that you battle with folks in this thread so much is that you pick the more bearish of the scenarios - whether we are going up or even if we just started going down, and currently the more plausible scenario is that we are in a early 2013 type of correction, but instead you take the more bearish approach and purposefully chose the 2014 scenario - so peeps think that you are just a shill or disingenuous - and it is not because you are springing reality upon us, but instead you seem to want to purposefully spin doom and gloom - even when it is not justified... so it seems purposeful, and you even seem to know better ... in other words, it is difficult to believe that you really believe the extremely bearish shit that you propound on a regular basis, amirite?

[Rosewater Foundation]

Wealth transferred, mission accomplished. Absolute savagery. Why I ever thought this would end in anything other than tears I'll never know.

What “this” are you referring to and what “end” are you talking about?  It’s like gibberish.

"This" was my plan to seastead myself away from you lowlife degenerates once and for all. 

[HairyMaclairy]

How many weeks did 2013 last for?  We are 7 weeks now since the peak.  To me the slow length of the grind indicates a 2014 situation but happy to be challenged. 

Importantly I don’t agree that a 2014 grind out would lead to a 2 year winter. I think the recovery would be much faster this time. Too much happening in the space.

[ghandi]

Back to Nov 25 levels. See you at the next bubble event 2021

[serveria.com]

Well, today we've fallen even lower. Even Enky Nakamura has called it quits. Anyway, I haven't sold a single BTC this year and will keep hodling no matter what. HODL!  

[Phil_S]

scary slide! 

[bitcoin_is_here_to_stay_2]

https://i.imgur.com/7ZyZ61P.png

TERA, can you add some explanations? Turning point? Strong support? Do you think the 2015 bull market has ended? If so, what is target for a next bull trap? and for the bottom? Sorry for so many questions, but I remember your very accurate multi-year chart from early 2014, that turned rather prescient.

[JayJuanGee]

Wealth transferred, mission accomplished. Absolute savagery. Why I ever thought this would end in anything other than tears I'll never know.

What “this” are you referring to and what “end” are you talking about?  It’s like gibberish.

"This" was my plan to seastead myself away from you lowlife degenerates once and for all. 

You are stuck with us for a few more months...



HODL!!!

[JayJuanGee]

How many weeks did 2013 last for?  We are 7 weeks now since the peak.  To me the slow length of the grind indicates a 2014 situation but happy to be challenged. 

Importantly I don’t agree that a 2014 grind out would lead to a 2 year winter. I think the recovery would be much faster this time. Too much happening in the space.

Only 1 year?

How about we negotiate for 6 months or less? 


 Can you grant that, Hairy Mac.... ... check with your people, and get back with my people.   

[Enjel]

Are any people panicking right now?

For some reason, I'm totally calm, maybe because I've almost taken it for granted that in the long-term, Bitcoin is headed for 40k, and some of the good alts will follow it as well.

Too much FUD from the news - when the establishment news starts hyping Bitcoin, that's when I'll get worried for real.

[LFC_Bitcoin]

Are any people panicking right now?

For some reason, I'm totally calm, maybe because I've almost taken it for granted that in the long-term, Bitcoin is headed for 40k, and some of the good alts will follow it as well.

Too much FUD from the news - when the establishment news starts hyping Bitcoin, that's when I'll get worried for real.

$83xx - Another day, another $1000+ dump by the looks of it

[samsonn25]

Nice healthy correction, especially all the other alt coins that were in a BUBBLE

[LFC_Bitcoin]

Nice healthy correction, especially all the other alt coins that were in a BUBBLE

I’m struggling to call a drop from $19,000 to $8,000 a correction. It’s an absolute travesty.
I’m still HODLING though, no plan to sell until around 2021 but this was not part of my plan.

[kurious]

TERA, can you add some explanations? Turning point? Strong support? Do you think the 2015 bull market has ended? If so, what is target for a next bull trap? and for the bottom? Sorry for so many questions, but I remember your very accurate multi-year chart from early 2014, that turned rather prescient.

Tera got a lot of stick for being bearish, but ignoring Tera's posts is unwise.  Tera is a damn good trader, and better than the vast majority here.

Flipped you a merit, sorry your account was hacked.

Edit: I wish I had taken more notice in 2013, this time I listened more intently.

[Asrael999]

And the most ridiculous part of the last few days ? If you own the allegedly manipulated scamcoin tether then you've outperformed everything else. Rational markets eh.....

[serveria.com]

https://youtu.be/XEuOQR8sG6g

[yefi]

This thread is growing faster than I can keep up with it. There may be some good posts in the last 10 pages which have gone unmerited.

It is time for the end of the picnic bear and carebear and for the ascent and worship of Karhu.

Perhaps. I'm still inclined to believe that this is the worship of the false bear deity - let's call him Killi. Killi can still take us lower, however.