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

[e-coinomist]

Appears $12k is the pivotal turning point of this downtrend. Clear as day from the December ATH... next up, buying area between 7400-7800.

Extended drawing fibonaccy fans from ATH onto lowest low at(~ 6200) depics us still walking down the stairs. The difficulty on using fib-levels is about defining a "starting point" of sorts for the ATH pump.
Just picked august of 2017 since that has been the biggest event of 2017, that results in 7400-7800 hitting ... void, actually. 23.6% level beein -500 below that. $6800 looking more likely as an entry for the cautious.
Argueably the start could get moved to 3/26/2017 for a slightly different picture, just that would even lower these numbers even further.

During the next years (2018 - 2013 = 5) I'm exspecting the level we had during the ETF decision market swings, which happened to equal 2013 ATH, probably as a very solid floor. Twice of that level marking the entry into slow waters.

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[RayX12]

Why is Nobuaki Kibayashi still alive?
Bitcoiners are way too civilized.  Fuck him in the ass now!
He is now hodling the funds he sold!
Corruption at its best!

GO BITCOIN GO!

Hello?     You forgot to mention the sound wisdom of: HODLCRAEFULLY!!!!!    

I like it:  HODLCRAEFULLY!!!!!    

I am surprised to see the Shorts/Longs graph..  both sides keep building up!

Blowup will be coming soon!  I hope it is up and those shorts get REKT!

https://datamish.com/dashboard/db/btcusd?refresh=10s&orgId=1&from=now%2Fw&to=now

[STT]

Break of the uptrend leads to weakness and a fallback to lower Fibonnaci lines perhaps.  8500 I have and 8200 is marked by another trader I saw as support, showing now I think.   Target upside would be 9000 which is the trend.    The apparent incentive to sell is the google ban on ICO type ventures.   However I dont need google, isnt that Ethereum ventures not bitcoin exactly.    I dont see advertising as any great drawback when crypto was always about the crowd not the centralised giant companies.   If anything I'd be glad to a reversion to that strength.

8555 would mark previous lows, I think that area is roughly the first point to overcome above the current price

[bones261]

Wait wait I've got one. We should all be happy about this decline, it's just a chance to buy more cheaper!

This knife is going right through my grubby little hands though.

Maybe just keep a stop order about 1000 dollars off the low? True you will miss the bottom by 1000 bucks but you wont buy at 8000 just to see it fall to 4000.

Which low? The lowest BTC has been since I have been involved was about $170. I don't think you mean that low however; since setting a bid a 1000 below that would be impossible. Unless the exchanges make it possible to have people disposing of their BTC by paying someone to take them off their hands.

[Anon136]

Wait wait I've got one. We should all be happy about this decline, it's just a chance to buy more cheaper!

This knife is going right through my grubby little hands though.

Maybe just keep a stop order about 1000 dollars off the low? True you will miss the bottom by 1000 bucks but you wont buy at 8000 just to see it fall to 4000.

Which low? The lowest BTC has been since I have been involved was about $170. I don't think you mean that low however; since setting a bid a 1000 below that would be impossible. Unless the exchanges make it possible to have people disposing of their BTC by paying someone to take them off their hands.

Lol no I mean the recent low, 7916. And if that gets broken down to say 7500 then replace it with that.

[e-coinomist]

Which low? The lowest BTC has been since I have been involved was about $170. I don't think you mean that low however; since setting a bid a 1000 below that would be impossible. Unless the exchanges make it possible to have people disposing of their BTC by paying someone to take them off their hands.

170 left of a former 1300, or a -87% loss. Just any similar event of that magnitude is missing today. There was no Mt.Gox happening. Not even possible anymore since there are 114 tradesites doing above $1,000,000 *daily* volume.
Source https://coinmarketcap.com/exchanges/volume/24-hour/all/ beware some might hand out false data.

Tried projecting a similar decay onto $20,000 to get that "new 170 datapoint" since it looks again like $2600, that 2x ATH of 2013 mentioned bevore. Just a Gox order of magnitude event is still missing. Watching USDT peg closely.

Forecast of that kind are uncharted territory so best taken with a grain of salt.

[JayJuanGee]

Bob,   I'm ready for that drink. Single malt kinda guy. A shot of Dalmore is high on the bucket list or a older Balvenie might be just as nice. I'll do my best not to get any bitcoiner tears in it.
32D6TKWE5LEgNk6u92bEm1GNAzmnheXbCt

Sheeit  

Ok. PM me your meatspace address. Do you want to supply the blindfold, or should I ?

Hey!!!!!!! 


We are not all getting drinks?

[smartcomet]

Coinbase gets e-money license in the UK
https://techcrunch.com/2018/03/13/coinbase-emoney/

This will be welcome news for cryptocurrency fans in the U.K. and Europe. Coinbase, one of more popular and accessible cryptocurrency exchanges, has been granted an e-money license by the U.K. regulator the Financial Conduct Authority (FCA).

[d_eddie]

+1 WoSMerit to JJG, wordy man in nonwordy disguise. You're much more effective and - I'll dare unusual adjectives - enjoyable to read when you dress up this way. Try it more often, if you manage. Please.  

Here's how I feel:

Not that I had any real hope, deep inside. But I had to try, you see.
 

[d_eddie]

By the way..all WOsM's are strictly one to one. So you get one..you can give one.

Hey no way, scammer man!  
The WOsM brochure boasted about 100x leverage...

[Biodom]

Which low? The lowest BTC has been since I have been involved was about $170. I don't think you mean that low however; since setting a bid a 1000 below that would be impossible. Unless the exchanges make it possible to have people disposing of their BTC by paying someone to take them off their hands.

170 left of a former 1300, or a -87% loss. Just any similar event of that magnitude is missing today. There was no Mt.Gox happening. Not even possible anymore since there are 114 tradesites doing above $1,000,000 *daily* volume.
Source https://coinmarketcap.com/exchanges/volume/24-hour/all/ beware some might hand out false data.

Tried projecting a similar decay onto $20,000 to get that "new 170 datapoint" since it looks again like $2600, that 2x ATH of 2013 mentioned bevore. Just a Gox order of magnitude event is still missing. Watching USDT peg closely.

Forecast of that kind are uncharted territory so best taken with a grain of salt.

I don't think that there is any magic formula like this, but if there is one, then I offer the following:

In 2013-2015 from Bitstamp's 1160 it was more like 85% decline, which was less than about 93.75% of the previous decline (from $32 to $2). If we, indeed, have reduced oscillations now, then bottom might be at 77% decline, which would be about $4544 and it will take a while, probably until the end of the year, maybe Nov (bottom like in 2011) or January (like early 2015 bottom)

It is also possible (although I am currently trending to reject this idea) that we are doing a double peak like in 2013 with current period being the equivalent of $260 (april) to $66-68 move back then (first down on april 16, double bottom on July 6). it was about 74% move if you count between $260 and average between two bottoms (about $67).
We already moved once from $19760 to $5984 (I am getting it from tradingview, others could be slightly different), which is 69.7%.
In this scenario we double dip in around $5800-6000 at around May 1, then surge.

TL;DR either a longer term bear market with possibly $4500-4600 bottom OR a double bottom at around 5600-5800, maybe sometime in May.

[JayJuanGee]

+1 WoSMerit to JJG, wordy man in nonwordy disguise. You're much more effective and - I'll dare unusual adjectives - enjoyable to read when you dress up this way. Try it more often, if you manage. Please.  

Here's how I feel:

Not that I had any real hope, deep inside. But I had to try, you see.
 

I cannot see nor hear.  lalalalalalallalalala

[d_eddie]

Bob,   I'm ready for that drink. Single malt kinda guy. A shot of Dalmore is high on the bucket list or a older Balvenie might be just as nice. I'll do my best not to get any bitcoiner tears in it.
32D6TKWE5LEgNk6u92bEm1GNAzmnheXbCt

Sheeit  

Ok. PM me your meatspace address. Do you want to supply the blindfold, or should I ?

Naughty. Play fair!

[d_eddie]

The mammoths told me a story all day yesterday.
They were changing their stride, their shape, their voice.
They called, they screamed.
There was nowhere to run.
I got my short started.
It helped.
But I couldn't hodl it all the way down.
Now I'm trying to rebuild it higher.
Little by little.

Talking openly about the mammoths started it all.
That's asking for it, isn't it?

Now I know this thread is being monitored by nasty whales.

[jojo69]

Bob,   I'm ready for that drink. Single malt kinda guy. A shot of Dalmore is high on the bucket list or a older Balvenie might be just as nice. I'll do my best not to get any bitcoiner tears in it.
32D6TKWE5LEgNk6u92bEm1GNAzmnheXbCt

Sheeit  

Ok. PM me your meatspace address. Do you want to supply the blindfold, or should I ?

Hey!!!!!!! 


We are not all getting drinks?

[d_eddie]

Bob,   I'm ready for that drink. Single malt kinda guy. A shot of Dalmore is high on the bucket list or a older Balvenie might be just as nice. I'll do my best not to get any bitcoiner tears in it.
32D6TKWE5LEgNk6u92bEm1GNAzmnheXbCt

Sheeit  

Ok. PM me your meatspace address. Do you want to supply the blindfold, or should I ?

Hey!!!!!!! 


We are not all getting drinks?

I'll have it without a blindfold, please.

Oh and by the way, hail to the legend!

[Biodom]

Bob,   I'm ready for that drink. Single malt kinda guy. A shot of Dalmore is high on the bucket list or a older Balvenie might be just as nice. I'll do my best not to get any bitcoiner tears in it.
32D6TKWE5LEgNk6u92bEm1GNAzmnheXbCt

Sheeit  

Ok. PM me your meatspace address. Do you want to supply the blindfold, or should I ?

Hey!!!!!!!  


We are not all getting drinks?

People at the bottom:
Acid rain?

[Icygreen]

Bob,   I'm ready for that drink. Single malt kinda guy. A shot of Dalmore is high on the bucket list or a older Balvenie might be just as nice. I'll do my best not to get any bitcoiner tears in it.
32D6TKWE5LEgNk6u92bEm1GNAzmnheXbCt

Sheeit  

Ok. PM me your meatspace address. Do you want to supply the blindfold, or should I ?

Alright, PM'ed but no blindfolds dude. I wouldn't want to miss the show 

I can see 8000 where I will purchase another $100k Of BTC. What is your plans?

On top of buying drinks for the entire thread, I'll suck your dick if we see $8,000 USD/BTC this year.

You can quote me on that.

[xhomerx10]

That reminds me; I just bought a new blindfold.... Can't see myself wearing it though.

Edit: spelling

[Maricel2017]

I woke up and see the current value of bitcoin! HOLD HOLD HOLD!