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

[Anon136]

https://www.tradingview.com/chart/BLX/W5wwj74c-Bitcoin-Long-Term-Trend-Analysis-A-near-term-clue-BLX-Update/

See how similar does it look? It is all over GoX again. Bloodbath to $2k incoming. They won't let it shoot up again unless dumb people do panic sells below $5k.

*Btw whoever made this TA is a fucking genius and a legend.

Here is the answer to the question posed on the chart. Bitcoin needs to look more like some of these other technologies on this chart before said cycle can be broken by maturity.

[tonyq]

Sorry guys, my fault
Bought some ether at 500, now everything will fall
I will tell you guys next before I buy

I feel your pain.....I bought at not much different to that price myself.
It's collapsing bigtime right now.

[gembitz]

all those useless overpriced shtcoinz

i still wonder how they got so high in the first place

"moon soon™..trust my merit+    lolol

[LoyceV]

Here is your answer. Bitcoin needs to look more like some of these other technologies on this chart before said cycle can be broken by maturity.

Worldwide, Bitcoin adoption is even lower than the few percent it shows here. With only 20 million funded Bitcoin addresses, and at least a few addresses used by each user, Bitcoin is used by at most 0.1% of the world population.

(I can't believe I never posted here, now I can finally get this thread in my New replies list)

[e-coinomist]

Worldwide, Bitcoin adoption is even lower than the few percent it shows here. With only 20 million funded Bitcoin addresses, and at least a few addresses used by each user, Bitcoin is used by at most 0.1% of the world population.

(I can't believe I never posted here, now I can finally get this thread in my New replies list)

Be welcome.

The user numbers are a mere fraction like 1/5 of wallets, since everybody of us uses 2~3 exchanges featuring new addresses. Been cutof from one site, new registrations "pending" forever. Currently registering more new sites than really needed, because they are just blocking new users.

Falling like a rock. Bitcoin FAIL of 2018

[Rsiyz]

https://www.tradingview.com/chart/BLX/W5wwj74c-Bitcoin-Long-Term-Trend-Analysis-A-near-term-clue-BLX-Update/

See how similar does it look? It is all over GoX again. Bloodbath to $2k incoming. They won't let it shoot up again unless dumb people do panic sells below $5k.

*Btw whoever made this TA is a fucking genius and a legend.

Here is your answer. Bitcoin needs to look more like some of these other technologies on this chart before said cycle can be broken by maturity.

here is your future "Adopters" youtube channel CharlieBoo313   https://www.youtube.com/user/CharlieBo313/videos    

https://www.facebook.com/RTvids/videos/vb.1038359576174295/1908006862542891/?type=2&theater  

   Anaheim, California or a 3rd world country?
Welcome to shanty town, California, USA       most of them are white blue eyed roms ))
now gb is on way to this madness....       nhs..lol
bitcoin jehovas brothers will deny deny deny all reality arround in world..  just exmpl. Chinese are on way out from crypto ... japan too .. there is nearly 3 billion people . they are world not your world of lies ))

[Anon136]

https://www.tradingview.com/chart/BLX/W5wwj74c-Bitcoin-Long-Term-Trend-Analysis-A-near-term-clue-BLX-Update/

See how similar does it look? It is all over GoX again. Bloodbath to $2k incoming. They won't let it shoot up again unless dumb people do panic sells below $5k.

*Btw whoever made this TA is a fucking genius and a legend.

Here is your answer. Bitcoin needs to look more like some of these other technologies on this chart before said cycle can be broken by maturity.

here is your future "Adopters" youtube channel CharlieBoo313   https://www.youtube.com/user/CharlieBo313/videos    

https://www.facebook.com/RTvids/videos/vb.1038359576174295/1908006862542891/?type=2&theater  

   Anaheim, California or a 3rd world country?
Welcome to shanty town, California, USA       most of them are white blue eyed roms ))
now gb is on way to this madness....       nhs..lol
bitcoin jehovas brothers will deny deny deny all reality arround in world..  just exmpl. Chinese are on way out from crypto ... japan too .. there is nearly 3 billion people . they are world not your world of lies ))

I would point out that almost all of the people in those houses on that youtube channel have smart phones.

[gembitz]

https://www.tradingview.com/chart/BLX/W5wwj74c-Bitcoin-Long-Term-Trend-Analysis-A-near-term-clue-BLX-Update/

See how similar does it look? It is all over GoX again. Bloodbath to $2k incoming. They won't let it shoot up again unless dumb people do panic sells below $5k.

*Btw whoever made this TA is a fucking genius and a legend.

Here is your answer. Bitcoin needs to look more like some of these other technologies on this chart before said cycle can be broken by maturity.

here is your future "Adopters" youtube channel CharlieBoo313   https://www.youtube.com/user/CharlieBo313/videos    

https://www.facebook.com/RTvids/videos/vb.1038359576174295/1908006862542891/?type=2&theater  

   Anaheim, California or a 3rd world country?
Welcome to shanty town, California, USA       most of them are white blue eyed roms ))
now gb is on way to this madness....       nhs..lol
bitcoin jehovas brothers will deny deny deny all reality arround in world..  just exmpl. Chinese are on way out from crypto ... japan too .. there is nearly 3 billion people . they are world not your world of lies ))

looks like a festival :-D weee

[Majormax]

Sorry guys, my fault
Bought some ether at 500, now everything will fall
I will tell you guys next before I buy

So... you just bought what EOS dumped?

Recently, 50,000 ETH were deposited at Bitfinex coming all the way from EOS crowd-sale.

Good point.

ETH is now experiencing downside pressure from all the stored ICO funds.

FOMO is now gradually being replaced by FOLAYM (Fear of Losing All your Money).  

There is no telling how low it might go, but I would say a good place too look is around where the real ICO boom started, May 2017. Funds raised when ETH was in the $100-200 range are not yet willing to sell, and might mark a floor.

[Majormax]

After years of watching bitcoin, I can confidently say for it now, "The more the dump, the better the jump!"

Dominance back up to 45.5%. Crypto market-cap now $275 billion. I'm speculating it can't go less than $250 billion.

It is unlikely to go below 100B, but I think well below 250B is a certainty in the next year or so.

[doc12]

RSI on the daily is almost at 30, double bottom maybe ?  Trendline on the linear @6800

[conspirosphere.tk]

Want to see a bullish chart?

[Anon136]

After years of watching bitcoin, I can confidently say for it now, "The more the dump, the better the jump!"

Dominance back up to 45.5%. Crypto market-cap now $275 billion. I'm speculating it can't go less than $250 billion.

It is unlikely to go below 100B, but I think well below 250B is a certainty in the next year or so.

Time is compressed these days. Each boom and each bust is compressed into a shorter and shorter amount of time. I am a lot less sure of my predictions on how low it will go than I am with the prediction that, how ever low it ends up going, I do not think this will be a protracted multi year long ordeal like it was in the past.

[El duderino_]

also, masterluc says...blah blah

Why do people still listen to those who made crazy predictions in the past and were all wrong?
None of them predicted the pull back from 20K to 7-8K did they?

Masterluc, Cliff High, Tone Vays, McAfee.

 

They believe in "long-term", not in short-term like you.

NO there is no word about "term"  or nex time you will say : they believe in super-looong term  ... 

Traders Will Just allways running few steps behind and they Just don’t see the whole picture , Just let them in there Own world Where they look for the master predicter that doesn’t exist and Try to make all the trades on TA analys of 100 diffrent masters etc...... for making quick buck’s but long term losses and ending up with less btc’s

for the rest of us Just hodl and buy the dips When possible :-)

just get the uppertunity to by some btc's of a panic seller .... hopefully its going to happen    price is so good even if its go's a little deeper i'm happy to buy @this rates   

[Majormax]

After years of watching bitcoin, I can confidently say for it now, "The more the dump, the better the jump!"

Dominance back up to 45.5%. Crypto market-cap now $275 billion. I'm speculating it can't go less than $250 billion.

It is unlikely to go below 100B, but I think well below 250B is a certainty in the next year or so.

Time is compressed these days. Each boom and each bust is compressed into a shorter and shorter amount of time. I am a lot less sure of my predictions on how low it will go than I am with the prediction that, how ever low it ends up going, I do not think this will be a protracted multi year long ordeal like it was in the past.

You could be right, in the sense that,  in stock/commodity cycle highs and lows, Time and Price have a relationship. eg If Price reaches one target, then time may not reach another, and vice-versa. ie.. one or the other can be targeted more easily than both.

[RejectedBanana]

Previous Bitcoin corrections have largely been driven by amateur speculation. Any whales that existed were early adopters, merchants or exchanges: Lucky, unsavory, or entrepreneurial sons of bitches, more or less.

2017 marked the beginning of true institutional interest and speculation. Prior to this, the market cap was so low, institutions were basically barred entry due to a lack of serious value/supply, regulation, infrastructure and legitimacy. And here we are now in 2018 with futures markets, MSM coverage, regulations on the horizon, congressional hearings, even exchanges on the cusp of appearing legitimate, and much more on the way. Analysts predict the crypto market cap to breach a trillion soon enough in the years to come.

However, this Mt Gox bankruptcy case illustrates the issues institutions face when trying to enter or exit this relatively small crypto market. A $400MM to $2B court-ordered liquidation is no small beans to be sure, but it's a mere drop in the global commodities bucket, especially considering full liquidation will take place over months to years. If Bitcoin really wants to be taken seriously by the big boys, dozens of Mt Goxes need to be able to enter and exit the market at any given time, without the whole market melting down, psychologically or otherwise.

And so 2018 marks a pivot point. Amateur speculators are spooked beyond belief and exiting the market in droves. But I think institutions are just starting to lick their chops and down-right salivate over the opportunity being handed to them. A global commodity that can and will be fiat-regulated, with a deflationary supply that cannot be artificially modified, an immutable public ledger, and unbreakable security if done right, barring any quantum leaps. We all know the technological benefits of Bitcoin are a dream come true for institutions, much more so than for the average Joe Public. Amateur speculators have been dreaming for this moment, the day when institutions take their little pet project seriously.

So what I don't understand is why everyone is suddenly running away, quitting the race, and basically just handing over the reins to the big boys for what is gearing up to be only 15% of December's price?

Because of one Mt Gox? Because of fear of regulation? Because of a crackdown on scammers? Because of fucking Google advertisements?

What gives, people? Isn't this what we were all waiting for?

I'm seeing a lot of talk of a protracted crypto winter like we saw in 2014. Do we honestly think the big boys are going to wait that long?

That's like leaving a massive, meaty pachyderm carcass on the savannah, expecting the lions and vultures will just leave it alone for you through the winter.

[serveria.com]

I don't give a crap about what is happening now - I will HODL all the way down to $1 if needed! But I really doubt we're going below $5k this time.

[yefi]

It is unlikely to go below 100B, but I think well below 250B is a certainty in the next year or so.

How'd you figure that one out when you've said BTC is going to $2K and the alts are doomed?

[kronos123]

The previous hype we saw in the past on bitcoins will most likely be nothing compared to future HYPE when Bitcoin will truly become Mainstream!
It is only at the beginning, as were Apple, Microsoft and Intel in 1994-95.

The mega capital of pension funds, hedges, insurance companies, ETFs, etc. I'm still out of Bitcoin and blockchain, but most likely have already decided to come in .... and they will do it their way. They certainly do not enter the market when Btc and Eth are at $ 20,000 and $ 1,000!
It is no coincidence that on Bitcoin futures rumors rose from $ 5,000 to $ 20000 in a month, and soon thereafter the "slow descent" began.
It is a clear sign, in prices and time, that they have left for those who can see behind the appearance of a causal market.

They will enter their way, with low prices, when almost everyone will be tired, angry, scared and exhausted ..... the people will sell (excluding the old and big holders, the early adopters) and they will buy.



In the last month a lot of good news came out for Bitcoin and many other coins, but the market has literally ignored them; in the past all this would have triggered a crazy hype while today the FUD reigns supreme.

Probably with the G20 tomorrow will give a further downward pressure.





I hope that the descent will end in the area of ​​$ 3000, trendline of very long period.

[Anon136]

It is my b-day!  Rise .. market .. rise..

https://youtu.be/oHUIU3HG1rk?t=1m

You could be right, in the sense that,  in stock/commodity cycle highs and lows, Time and Price have a relationship. eg If Price reaches one target, then time may not reach another, and vice-versa. ie.. one or the other can be targeted more easily than both.

Here is an article with a nicly overlayed chart but at 3x speed.

http://telegra.ph/Inferno-market-outlook-The-Double-Bubble-Analysis-03-16

Credit to who ever posted this in the thread earlier.