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

[PoolMinor]

Yesssssss.

YEESSSSSSSS...

THIS is the sort of despair and capitulation we need to hear. MUAHAHAHA.

This can only mean one thing. We're likely close to the bottom at this point, and starting to be entering WAY oversold territory.

This is, in essence,  the psychology of the 100th monkey. It was also seen on the rise from $15k to $20K. I bought some foolishly at $15k, my cost average was zero(still is). IDK why I suddenly felt like I needed more.

When you finally get that deep down feeling that you need to finally throw in the towel and when that price seems too low, do the opposite; buy buy buy!

[Wekkel]

There are about 4-5x more bids $1,000 down from here than asks $1,000 up from here. I guess most of the selling has been done now unless silly sellers really want to see more of their coins going to strong hands.

[Majormax]

This isnt possible man still going lower
This is a fucking crash a bloothbath
3rd world war Damn hollecaust this isnt normal anymore guys...

About as normal as bitcoin gets.  Unless you figure in a lot more down side.  But then it's still normal.  The charts are available everywhere, have a look at history.

Destination low is sub $1500. Thats the long term chart. Each long wave down ends just above the previous wave high, which in this case was $1200 in Dec 2013.

Already gone $19000 down to $6000, so over halfway there.

Best to get it over asap.

[600watt]

altcoin bag holders blame bitcoin for causing this massacre.
some bitcoiners blame usdt/finex.
Wall Street will blame crypto for DOW crashing.


tinfoil hat: big money figured out that they cannot outlaw bitcoin. their approach to hurt it was to elevate it into unforeseen euphoric stages just to crash it unprecedentedly afterwards in order to completely destroy any trust in it. guys like w.buffet knew. they couldn't even resist to make public statements about the coming crash.

but they will be wrong. they have no idea what a seasoned bitcoiner can survive. they will never crush us. bitcoin is the combined chuck norris/mcgyver/houdini of finance. we have waited 4 years from the previous to the last ATH. we can sit out storms like that.

6000 is the fucking BOTTOM

[PoolMinor]

altcoin bag holders blame bitcoin for causing this massacre.
some bitcoiners blame usdt/finex.
Wall Street will blame crypto for DOW crashing.


tinfoil hat: big money figured out that they cannot outlaw bitcoin. their approach to hurt it was to elevate it into unforeseen euphoric stages just to crash it unprecedentedly afterwards in order to completely destroy any trust in it. guys like w.buffet knew. they couldn't even resist to make public statements about the coming crash.

but they will be wrong. they have no idea what a seasoned bitcoiner can survive. they will never crush us. bitcoin is the combined chuck norris/mcgyver/houdini of finance. we have waited 4 years from the previous to the last ATH. we can sit out storms like that.

6000 is the fucking BOTTOM

Quoted for ITYS later

[undeadbitcoiner]

Lets Go to the positive
Today                    -$751.14           -10.86%      ↓
Last 7 days            -$3,871.88   -38.58%      ↓
Last 30 days            -$10,015.38   -61.91%      ↓
Last 6 months   +$2,709.96   +78.48%   ↑
Last 1 year           +$5,138.51   +501.51%           ↑
Last 2 years           +$5,787.84   +1,542.25%   ↑
Last 5 years           +$6,140.97   +27,724.47%   ↑

Lets see the history of bitcoin
2011 April to 2011 Jun from .86C to 20$ and back to $4
2013 Jul to 2013 Dec from $80 to $1200 and Back to 443
2016 Jul to 2017 Jun From $400 to $3220 and back to $2100
2017 Sep to 2017 Dec from $4000 to $19000 Time to Go back to $6000 Don't worry we are in Genuine correction level
2018 April to 2018 Sep from $8000 to $28000 and time to go back to $16000

Lets not forget there is always a buyer for each and every seller

[Totscha]

This isnt possible man still going lower
This is a fucking crash a bloothbath
3rd world war Damn hollecaust this isnt normal anymore guys...

About as normal as bitcoin gets.  Unless you figure in a lot more down side.  But then it's still normal.  The charts are available everywhere, have a look at history.

Destination low is sub $1500. Thats the long term chart. Each long wave down ends just above the previous wave high, which in this case was $1200 in Dec 2013.

Already gone $19000 down to $6000, so over halfway there.

Best to get it over asap.

We need blood in the streets for a healthy correction

My panicking friends have been asking me if they should get out ASAP, so that's a good sign we've entered the capitulation stage...

[milkshock100]

I think we may be out of the woods

[Majormax]

This isnt possible man still going lower
This is a fucking crash a bloothbath
3rd world war Damn hollecaust this isnt normal anymore guys...

About as normal as bitcoin gets.  Unless you figure in a lot more down side.  But then it's still normal.  The charts are available everywhere, have a look at history.

Destination low is sub $1500. Thats the long term chart. Each long wave down ends just above the previous wave high, which in this case was $1200 in Dec 2013.

Already gone $19000 down to $6000, so over halfway there.

Best to get it over asap.

We need blood in the streets for a healthy correction

My panicking friends have been asking me if they should get out ASAP, so that's a good sign we've entered the capitulation stage...

Getting there, but volume not high enough.

The capitulation wave would likely see record volume for a few days (~$30BN per day), and a spike low in one of those days.

I dont know what that price will be, but sub $2000 fits with the long term chart.

[JayJuanGee]

I was obviously a bit too optimistic when refreshing the poll a few days ago.

In other news, it sounds like even Masterluc doesn't know WTF the bottom will be:

I really do not know where to fall further. There's a wild support. Weekly MA20, daytime MA200, Fibonacci retracement of 61.8% of all annual growth, historical trend lines ... In general, all this should bounce off. When drains allow ...

Here to you and nashdachnye traders. The reverse side of the ETF is yours. Let them do it .... I expected a general decrease in volatility when all this was beginning to be predicted. And it is - that's what it is Mihalych.

We have 8 days before Feb. 14, which is an eternity in bitcoinlandia...

I expect $10k plus within that time-frame, easy peasy... ...





(meekly praying in the corner)

[Majormax]

I was obviously a bit too optimistic when refreshing the poll a few days ago.

In other news, it sounds like even Masterluc doesn't know WTF the bottom will be:

I really do not know where to fall further. There's a wild support. Weekly MA20, daytime MA200, Fibonacci retracement of 61.8% of all annual growth, historical trend lines ... In general, all this should bounce off. When drains allow ...

Here to you and nashdachnye traders. The reverse side of the ETF is yours. Let them do it .... I expected a general decrease in volatility when all this was beginning to be predicted. And it is - that's what it is Mihalych.

We have 8 days before Feb. 14, which is an eternity in bitcoinlandia...

I expect $10k plus within that time-frame, easy peasy... ...





(meekly praying in the corner)

Possible but unlikely. $10k maybe sometime in the next month. The ultimate low (sub $2000 ?) is not likely until 2019.

All conjecture of course, but I am basing my figure on a repeating long term pattern.

[HairyMaclairy]

I have been waiting for a year to retest previous ATH of $1248.  I had given up hope but maybe it is possible.  I think that will be very hard to break and will spark a huge rally if we ever get that far.

[undeadbitcoiner]

I was obviously a bit too optimistic when refreshing the poll a few days ago.

In other news, it sounds like even Masterluc doesn't know WTF the bottom will be:

I really do not know where to fall further. There's a wild support. Weekly MA20, daytime MA200, Fibonacci retracement of 61.8% of all annual growth, historical trend lines ... In general, all this should bounce off. When drains allow ...

Here to you and nashdachnye traders. The reverse side of the ETF is yours. Let them do it .... I expected a general decrease in volatility when all this was beginning to be predicted. And it is - that's what it is Mihalych.

We have 8 days before Feb. 14, which is an eternity in bitcoinlandia...

I expect $10k plus within that time-frame, easy peasy... ...





(meekly praying in the corner)

Possible but unlikely. $10k maybe sometime in the next month. The ultimate low (sub $2000 ?) is not likely until 2019.

All conjecture of course, but I am basing my figure on a repeating long term pattern.

Repeating long term figure will not show price will go anywhere down to $4K, that is how pattern looks like. but as i am hoping 6K is the lowest and now it should close in 7500 for the day. and i believe chinese new year will close Bitcoin around 10K

[FirstTimeInMining]

Do you think this bloodbath for today is over?
It seems like market is recovering

[e-coinomist]

Do you think this bloodbath for today is over?
It seems like market is recovering

nope

Between 2018 and 2013 there had been 5 Years.

Once could argue that this meltdown could heal in another 5~10 years. But I doubt that. The momentum has been lost, the notation of the currency as a store of value destroyed.

[Ibian]

Not sure if buy now... or buy lower.

[JayJuanGee]

I consider Bitcoin to be the sum of its forks (BCH + BTC + BTG + ...)

Ridiculous.

There is bitcoin, which you correctly abbreviate as BTC, and there are forks of BTC (such as Bcash, and BGold and some others), which are the same as alts.....

And notice your little fucking argumentative and provocative slip to put BCH first on the list.... BCH is not first because it came about later as a renegade temper tantrum fork that came about spontaneously when the klanish NY agreement was not achieving the preferred results to screw up bitcoin's governance.


Get the fuck out of here with your fuzzy, fantastical and nonsensical talking points.

Why don't you go play with your interactive attempts on Bitcoin.com, or  r/btc or bitco.in?

[sirazimuth]

So when is the bitcoin crash captioned Hitler video coming out?
That should be a good one eh?

[600watt]

where are you guys? busy buying....  

[Majormax]

Do you think this bloodbath for today is over?
It seems like market is recovering

nope

Between 2018 and 2013 there had been 5 Years.

Once could argue that this meltdown could heal in another 5~10 years. But I doubt that. The momentum has been lost, the notation of the currency as a store of value destroyed.

The bear phase could end in 2 years, but now there is the danger of another crypto taking the lead in that time, so it is possible that we have seen the final high.


The best thing to do now is write off your holding, go away and do somthing else for a year or so.

Most people will rant and rage for a few more months, until they reach that conclusion.