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

[samsonn25]

7600 Major  supoport

[Enjel]

What will happen is once it reaches 8000 or 5500, suddenly everyone in the forum will be calling $1K and the death of bitcoin, but I will be there saying.. "no idiots were about have a bounce to $13K", and viola, suddenly I'm a bull.  Though as usual I'll be the person on the forum receiving the most flak.

I suddenly remembered this post from a month ago. The first half has already come true (along with certain people calling the end of Bitcoin). The second is calling for a 50% bounce up.

So I have to merit this.

[luckygenough56]

7600 Major  supoport

only major supo is 5500

euro is the new cool coin

[kurious]

This is getting close to the 'blood on the streets' point.

But it is wise to see why the speed of this drop is actually positive - who wants a two year bear market?  2014 / 2015 all over again?  No thanks.  Give me the fall now, show us the real bottom, cut the dead wood back and we will see the growing back far sooner.

It'll be good to see one more dump from hell IMHO.  

Bitcoin and crypto in general is not dead, right? After Gox, it did look like it might all be over - that is not the case now, nowhere near it.  So at some point there is a price to buy hand-over-fist coming up.  This drop is not manipulation, it's not news, it's just how it is.  We went incredibly high until weak hands FOMO'd it even higher, perhaps irrationally so.  These weak hands are being shaken out and once they are we will find a base to rise from.

The coins you buy now, may not see a profit immediately, but they definitely will in time.   How much time, no one knows.  But Bitcoin has NOT seen its last ATH.  That is so probable, it's a good enough probability to speak of as certainty.

EDIT: for sense.

[toknormal]

Bears not too confident about jumping into the 7k water.

Hesitation.

Mulling over the implications.

[luckygenough56]

deny, self persuasion

humans 

[toknormal]

The coins you buy now, may not see a profit immediately, but they definitely will in time.   How much time, no one knows.

About 5 minutes.

[TERA2]

Just dumped all my tethers. I was so worried about tether I was ready to buy back at 12K the other day. This is a steal.

[Gelesko]

From this levels, only sell btc

You giving advices, newbie?

If you think about it, BTC already had a bit more than a 50% price correction, and currently bouncing around the 35% to 45% territory.  

Seems like a good range to buy, rather than sell, but depends how many BTC you already have.  

I don't have any yet, but I will buy at a price 6700$. Good luck

Muahahahaa.. yeah right in another life or in your dreams

Just wait and see for ur self

Quote from: JayJuanGee on January 22, 2018, 09:19:07 AM
Quote from: Gelesko on January 22, 2018, 09:14:45 AM
From this levels, only sell btc

You giving advices, newbie?

If you think about it, BTC already had a bit more than a 50% price correction, and currently bouncing around the 35% to 45% territory.  

Seems like a good range to buy, rather than sell, but depends how many BTC you already have.  
I don't have any yet, but I will buy at a price 6700$. Good luck
[/quote]


So who is the newbie......? Huh, who is laughing now...... Should have listened to "NEWBIE"
GOOD LUCK anyways

[HairyMaclairy]

We are oversold.  Whipsaw due. But it will be a bull trap. If you are going to ride it, be extremely alert.

[toknormal]

Yep. All RSI's now in the oversold zone up to the 1-Day range.

[LFC_Bitcoin]

Yep. All RSI's now in the oversold zone up to the 1-Day range.

Why is the only direction seemingly down then?

[luckygenough56]

Pump it with false usd tokens
Get out of bubble with real usd

[HairyMaclairy]

Just dumped all my tethers. I was so worried about tether I was ready to buy back at 12K the other day. This is a steal.

You buying?  What’s your level of commitment?

[kurious]

The coins you buy now, may not see a profit immediately, but they definitely will in time.   How much time, no one knows.

About 5 minutes.

Ha!  Actually it's been like a ball bouncing down stairs, if you play tight spreads on buys and sells, it's possible to make money (or for me the preferable 'extra coins') buy selling local tops and buying back bottoms (only in a 200 or 300 USD range, of course).  It's just a bloody time-consuming job.  Of course overall your stash price is decreasing in value, but at least you have the compensation of more coin, or more cash aside according to your long term strategy on BTC.

[HairyMaclairy]

Yep. All RSI's now in the oversold zone up to the 1-Day range.

Why is the only direction seemingly down then?

Because when the direction becomes inevitable, it reverses. Temporarily.

[TERA2]

Just dumped all my tethers. I was so worried about tether I was ready to buy back at 12K the other day. This is a steal.

You buying?  What’s your level of commitment?

I only bought in my USDT account which is smaller than my USD account and I'm probably fully committed to this position. It's not so much that I'm super bullish about bitcoin but that I'm bearish about tether... They could freeze USDT pairs at any moment. So this is like a win win

[LFC_Bitcoin]

Just dumped all my tethers. I was so worried about tether I was ready to buy back at 12K the other day. This is a steal.

You buying?  What’s your level of commitment?

I only bought in my USDT account which is smaller than my USD account and I'm probably fully committed to this position. It's not so much that I'm super bullish about bitcoin but that I'm bearish about tether... They could freeze USDT pairs at any moment. So this is like a win win

Where do you see the bitcoin price going from here TERA? Significantly further down or consolidation in this range, maybe even a bounce back upwards?

Keen to see what you think rather than my fellow HODLERS/uber positive bitcoin peeps.

[HairyMaclairy]

Understood.  I went through a similar process about 20 hours ago.  But then I moved it to Bitstamp and dumped to USD.

[PoolMinor]

Here is some elevator action for you all.