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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21335511 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (104 posts by 20 users deleted.)
josephpogi
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February 07, 2018, 01:31:53 PM

Hi guys i want to ask . What if i have sell orders then i cancelled it . There's a fee by doing that in binance?  Or none? Thnks.
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BTCMILLIONAIRE
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February 07, 2018, 01:32:30 PM

J. Christopher Giancarlo describes HODL in the U.S. Senate Committee on Banking  ... HODL On For Dear Life - ɃItcoin .... His niece is a HODLer!

https://www.youtube.com/watch?v=HSPywOS9DWU

More and more praises for Bitcoin:

https://www.youtube.com/watch?v=2rWcVgffsjQ

https://www.youtube.com/watch?v=G16g9neqUFQ

This guy made my day!  Grin Grin Grin Grin

I thought HODL was just a typo error meaning HOLD from this forum a few years ago.  Not sure where he got Hold On For Dear Life from?
It was just a typo. Things have a tendency to take on a life of their own though, like the Ugandan Knuckles conglomerate of memes for example.
BTCMILLIONAIRE
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February 07, 2018, 01:32:45 PM

Hi guys i want to ask . What if i have sell orders then i cancelled it . There's a fee by doing that in binance?  Or none? Thnks.
No fee until your order gets triggered.
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February 07, 2018, 01:33:20 PM

Mom, Mom, Uncle pulled my pipi, I want to 'wipe him out'. Angry Sad Shocked Huh Embarrassed Undecided Cry
Cologne. Nice. Hundreds of other mass murders, thousands of promises to take over our lands, backed by action at that. And you think the problem is westerners who want to defend their people.

In war people like you are called traitors. And peace is a temporary situation.
SecondLeoTheSecond
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February 07, 2018, 01:37:34 PM

We'll face resistance now.
Likely short lived though.

From here it's either down fast and soon with next stop 3,3k or up to 10,2k in about a week. Upside more likely.


And the next resistance back up should be around 9,2k. Still going with the 10k timeline. The 3k3 scenario is mostly ruled out until the next hit of 10k.
Last of the V8s
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February 07, 2018, 01:41:12 PM

Quantum pseudo-telepathy Grin
BtcMan2009
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February 07, 2018, 01:42:14 PM

There now as I also assumed for a start level 6k stood and the rebound from it went, I wrote about it earlier. Now even in news change of a background of news and this beginning of formation of a new bottom is observed. Perhaps there will also be a new updating of a bottom, but think there will be sharp rebounds and it is informidable. Truth already where that nearby. So far I think of any big growth to say a little early. Most likely so far the movement sideways for several months.

The price will probably stick at $6666 for a while.

Seems like floating around 6800, trying to go higher, but stable
Curious what tomorrow will bring, hope there is some good news from that American governement meetup.
Wow sad satate of bitcoin to hope for good news from US gov.
On the news there is nothing good, it's a little alarming. But the level of 6k really wonderful, at least near the truth. Very similar that goes out near the hearth.

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February 07, 2018, 01:42:34 PM

J. Christopher Giancarlo describes HODL in the U.S. Senate Committee on Banking  ... HODL On For Dear Life - ɃItcoin .... His niece is a HODLer!

https://www.youtube.com/watch?v=HSPywOS9DWU

More and more praises for Bitcoin:

https://www.youtube.com/watch?v=2rWcVgffsjQ

https://www.youtube.com/watch?v=G16g9neqUFQ

This guy made my day!  Grin Grin Grin Grin

https://youtu.be/HSPywOS9DWU?t=1m9s

Grin Grin

Yeah, good stuff but

 "...my 30 year old niece...
       ...she's just a kid!"

http://www.coupons.com/thegoodstuff/100-kids-eat-free-restaurants/
  
 whoO! I am pigging out tonight.


savetherainforest
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February 07, 2018, 01:43:02 PM


Hehehehe!!!... its so f^*king nice here when ya'll are sleeping, there is no f*^king 50 page spam that I need to go trough and read!!! Yay!!! Cheesy Cheesy



Keep going bitcoing!!! Go! Go! Go!.. Choo! Choo! CCMF!!! Smiley

I have no time to go over 50 pages. Here's a recap:
- CCMF;
- Who sold at the bottom;
- Rockets;
- Hodl.

Am I right?  Grin

You forgot Glade, but it's over now.

Winter is not over yet... there is still snow in the tropics this time of the year! Let us bring out those jamaican summer bobsleds. Smiley
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February 07, 2018, 01:43:49 PM

J. Christopher Giancarlo describes HODL in the U.S. Senate Committee on Banking  ... HODL On For Dear Life - ɃItcoin .... His niece is a HODLer!

https://www.youtube.com/watch?v=HSPywOS9DWU

More and more praises for Bitcoin:

https://www.youtube.com/watch?v=2rWcVgffsjQ

https://www.youtube.com/watch?v=G16g9neqUFQ

This guy made my day!  Grin Grin Grin Grin

I thought HODL was just a typo error meaning HOLD from this forum a few years ago.  Not sure where he got Hold On For Dear Life from?

The origin : https://bitcointalk.org/index.php?topic=375643.2620
 Cheesy
BobLawblaw
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February 07, 2018, 01:47:22 PM

It was just a typo. Things have a tendency to take on a life of their own though, like the Ugandan Knuckles conglomerate of memes for example.

I spit on you. You are not de reel qween.
LFC_Bitcoin
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February 07, 2018, 01:47:27 PM

$8530 on Stamp - Is the worst over, is the bottom in?
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February 07, 2018, 01:57:31 PM

I am still cautious.. mid- to long-term I am very bullish.. but short-term (next 2 weeks) it is possible that we could test 6k again... hope not but it could happen...
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February 07, 2018, 01:58:16 PM

It was just a typo. Things have a tendency to take on a life of their own though, like the Ugandan Knuckles conglomerate of memes for example.

I spit on you. You are not de reel qween.
My brudda. I never said I was.
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February 07, 2018, 02:01:05 PM

I am still cautious.. mid- to long-term I am very bullish.. but short-term (next 2 weeks) it is possible that we could test 6k again... hope not but it could happen...
That dip to 6k seems now what's called a "fake head". Let's hope we hold that 8K support and build some bullish momentum, then next stop will be 12K
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February 07, 2018, 02:07:07 PM

I hope this is not the violent bounce predicted by TERA, or my sacrifice to appease Karhu would be in vain.

We are not going to the moon anymore. We are going to Jupiter.

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February 07, 2018, 02:12:02 PM


Looks like the propellor correction to me. Everything toketh from the same hymn sheet.

I don't think you get such deep reversals in a genuine bear market. The correction's manifested immediately at all ranges, including weekly chart and they're starting to even out now. 12-hour momentum has gone positive. There will be some reversals down on the way back up higher lows I think.


ErikvanBreen
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February 07, 2018, 02:13:29 PM

I would not mind this happening in 2018: https://www.ccn.com/cryptocurrency-markets-hit-1-trillion-bitcoin-price-50000-year-experts-predict/
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February 07, 2018, 02:25:48 PM

Look folks, just put all background noise about tether, India guv, Roubini FUD and other distractions out of your minds.

Here's what's going on. The correction is technical, pure and simple.

If you checkout this chart from 2015/2016/17, you can see that bitcoin grows in these 8-monthly bubbles which burst in the "propellor correction" fashion I described. The pattern's always the same:



That is:

 • market starts rising out of a bowl
 • gets to a point where it overheats
 • nosedives sharply all the way down to retest just below the previous "propellor spike"
 • retraces halfway up the initial correction and stabilises
 • drifts slowly down from there to settle from where it starts the next cycle

During 2017 these corrections got closer together as we've had both greater market depth AND unprecedented growth during the year. So instead of our 8-monthly crash and recovery we've had 3 of those consolidations (that manifest in the lowest resolution weekly chart) in the last 6 months instead of 1. The last one was in November, peaking at $7500. Together, those 3 consolidations amounted to an aggregate 77% retrace spanning 6-8 months. ($7500, November, $1825 end May).



What this means according to precedent is that we NEED to retest at least that 7500 (+or- 20%) region before progressing. It's just the bitcoin way. This is an uncapitalised asset class that's rapidly capitalising and there's so much clamour to get in that it can't do it smoothly.

The low of $8455 we saw on Bitstamp a couple of hours ago may or may not be the bottom of the wick. To complete the full depth of the needed correction we may have to revisit the $7500 level or even 6k at a pinch to really bake in the last runup but that could just as easily manifest as a momentary panic "fat finger" dump before retracing back up the decline to around the $13k level which is 50% of the consolidation we've had since the peak.


How Does this Compare to the 2013 bubble ?

In fact the 2013 rally and that nightmare 18 month recovery followed exactly the same pattern. The reason it took so long to recover is because it went straight from $126 all the way to the top in 7 straight weeks without any of these bubble-bursting corrections on the way (or even mini corrections). That meant that the last support level was the so called "Cyprus spike" way back in April 2013 when it spiked at $266. And sure enough - according to form - it went all the way back to retest that level and a bit more for good measure. Note this is very different to the situation we have now on 3 counts:

1. the rise from $1000 to $19k (16k realistically) is comparable in relative terms but has taken a whole year instead of just 7 weeks

2. we have 3 fairly hefty consolidations which more or less overlap each other and we've almost arrived at the last of those already

3. the correction is rapid and deep which is a good sign because it snaps the market quickly back into a more reasonable trend that can be sustained (see previous "propellor corrections how they've played out).

Note: the angle between the support level and the 3 retracement lines in the 2013 chart below. You can see from that that the closer the retracement occurs to the peak blow-off, the higher the bottom will be. 2014 went low because it retraced so slowly and didn't hit the fan-line for a whole year.

Conclusion is, this means the bottom will be in fairly quickly and it's likely to be in the region of the $7500 level +/- 20% in my opinion followed by a fairly rapid (21 day) retrace to the upside as shorts close and off-book demand goes back onto the order books. If not, there are still a furter two consolidation levels available below that but it'd be a brave shorter that would put a lot of money behind adverse trades at those levels given the precedents IMO.




Nailed it.

Quoting for posterity.
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February 07, 2018, 03:03:35 PM

Is it me or I have a feeling the alt season is finally coming to an end.
The alts didn't bounce as hard as I expected, or if they did, they didn't hold long.

Yesterday commission hearing was bullish for bitcoin, but bearish for alts in my opinion.

So, is the alt season f-f-f-finally ending? Or I'm just seeing shit....
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