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

[pacman7331]

I'm a one trick pony when it comes to charts. I look for the closing triangles. This one looks pretty straight forward. In early April we either crash hard or go back into bull mode.

Is that breaking up or breaking down wedge?

[Denker]

I'm a one trick pony when it comes to charts. I look for the closing triangles. This one looks pretty straight forward. In early April we either crash hard or go back into bull mode.

-snip-

Or we just do a breakout (up, down) for a short time, pull back or bounce back and continue ranging between $6k to $10k for a few more months.Weak hands can also be shaken out by breaking their patience.Because most of the people want to see quick results, profits, progress. However Bitcoin and crypto in general is still very early and will need much more time to mature. The ones not willing to go this path, not having the patience, will leave and mostly lose and probably regret it in a few years.
So this may be some boring time, but this also the time where lots of progress and development happens. As always true believers will separate from "get rich quick" money grabbers until the next bull run starts.

[JayJuanGee]

I'm a one trick pony when it comes to charts. I look for the closing triangles. This one looks pretty straight forward. In early April we either crash hard or go back into bull mode.

[https://image.ibb.co/hnkUQS/btcchart.png[/img]

Is that breaking up or breaking down wedge?

I am sure no one thought about the pacman7331 perspective.

[Toxic2040]

Having more of the same as we move sideways.  A key fib level at .786 still has NOT been breached so far...and this is a good thing for the Bulls as it indicates strong support at this key area. The Bears had cause for excitement earlier as a forming pennant was broken and a brief downward spike occurred was stopped by the above mentioned support level.

A lot of what I would consider over all good news happening too..and yet the price has still remained fairly stagnant . I am sure we are all hoping for a bit more volatility as the weekend and the end of the month draw closer.




As we step back and take a look at the over all picture we are again right in another area of confluence. $7.7k on the low side and 8k on the up..this is where the battle is joined.  Curious about this April 1st zone approaching as well..seems we might get a suprise one way or another.




@JJG  the comparison of each of the last 3 springs does have some insightful information imo. Looking closely at around March 24 the selling pressure relaxes and a clear uptrend starts forming that carries through early summer.

[vroom]

as a quentin tarantino fan I have to share this: https://www.youtube.com/watch?v=6O44JrgJZWQ

[TERA2]

Well theres basically two possibilities here and the blue line would be the extent of "going back into bull mode"

[Asrael999]

Well theres basically two possibilities here and the blue line would be the extent of "going back into bull mode"

Confirmed , but someone will still try to claim that we're not rhyming with 2014.   

Half the time this board feels like a collection of 1990 Go West fans.

[Cassius]

Well theres basically two possibilities here and the blue line would be the extent of "going back into bull mode"

Confirmed , but someone will still try to claim that we're not rhyming with 2014.   

Half the time this board feels like a collection of 1990 Go West fans.

If we're rhyming then the bottom will be around $4k. I'm not sure how easy $6k will be to break given the 'capitulation' candles in February.
Another interesting factor is the amount of volume on GDAX. It's a lot higher now. That suggests institutional/smart(er) money is coming in to me.

[serveria.com]

Pumpinna pump... nice lil' pump 

[serveria.com]

Nothing new on here - beartrolls and socks swapping some BS doom graphs. HODL, my friends! 

[Last of the V8s]

I sold in small batches all the way through the entire rally. Yes some were in the 2Ks but it was only 10% of my coins. Then after we passed 5K I started trading altcoins and made many hugely successful altcoin trades. By the time we reached 20K I made back every coin I sold plus multiplied the entire stash by 3. I rather promptly sold most of my altcoin profits all in the teens. My biggest sell was at $18,800 - and I multipled all those profits with further daytrading during the bounces. At this point I've withdrawn a fortune in cash AND I still hold the original amount of bitcoins that Ive held since 2013, as if I never sold. So now I'm set for both outcomes of bitcoin whether it succeeds or fails and what I'm waiting for is to finally get everything off the exchanges and into cold storage so I can turn all the charts off and enter into ignore mode so I can take a nice break for a couple years again like I did in 2014 and 2015.

congrats

[El duderino_]

I'm a one trick pony when it comes to charts. I look for the closing triangles. This one looks pretty straight forward. In early April we either crash hard or go back into bull mode.

-snip-

Or we just do a breakout (up, down) for a short time, pull back or bounce back and continue ranging between $6k to $10k for a few more months.Weak hands can also be shaken out by breaking their patience.Because most of the people want to see quick results, profits, progress. However Bitcoin and crypto in general is still very early and will need much more time to mature. The ones not willing to go this path, not having the patience, will leave and mostly lose and probably regret it in a few years.
So this may be some boring time, but this also the time where lots of progress and development happens. As always true believers will separate from "get rich quick" money grabbers until the next bull run starts.

indeed so many that wants quick results..... as myself i'm not a very patient guy , especially @traffic,waiting lines, when netflix doesn't work or other things BUT lucky me with HODLING BTC i got no problems

[bobo012]

I'm a one trick pony when it comes to charts. I look for the closing triangles. This one looks pretty straight forward. In early April we either crash hard or go back into bull mode.

-snip-

Or we just do a breakout (up, down) for a short time, pull back or bounce back and continue ranging between $6k to $10k for a few more months.Weak hands can also be shaken out by breaking their patience.Because most of the people want to see quick results, profits, progress. However Bitcoin and crypto in general is still very early and will need much more time to mature. The ones not willing to go this path, not having the patience, will leave and mostly lose and probably regret it in a few years.
So this may be some boring time, but this also the time where lots of progress and development happens. As always true believers will separate from "get rich quick" money grabbers until the next bull run starts.

We just need to be patient, and wait until next halvening. I still see sucess for bitcoin, we just need to cleanse all the scams first.

[El duderino_]

Pumpinna pump... nice lil' pump 

quick put some rockets, trains on fire and keep the pump going

[El duderino_]

join and hodl the pump

[vroom]

Pumpinna pump... nice lil' pump  

quick put some rockets, trains on fire and keep the pump going

[El duderino_]

Pumpinna pump... nice lil' pump  

quick put some rockets, trains on fire and keep the pump going

the perfect train pic   

[Toxic2040]

-snipped-
Well theres basically two possibilities here and the blue line would be the extent of "going back into bull mode"

Only 2  possible dear tera bear?  Maybe. Bitcoin always surprises. I do like some of your lines but they always seem upside down to me lol..invert that blue line with the lows being about where we are at..and the dip at the end is actually a rocket. ^.^

I'm a one trick pony when it comes to charts. I look for the closing triangles. This one looks pretty straight forward. In early April we either crash hard or go back into bull mode.

-snipped large chart-

Can be effective on shorter time scales as well.

[serveria.com]

I'm a one trick pony when it comes to charts. I look for the closing triangles. This one looks pretty straight forward. In early April we either crash hard or go back into bull mode.

-snip-

Or we just do a breakout (up, down) for a short time, pull back or bounce back and continue ranging between $6k to $10k for a few more months.Weak hands can also be shaken out by breaking their patience.Because most of the people want to see quick results, profits, progress. However Bitcoin and crypto in general is still very early and will need much more time to mature. The ones not willing to go this path, not having the patience, will leave and mostly lose and probably regret it in a few years.
So this may be some boring time, but this also the time where lots of progress and development happens. As always true believers will separate from "get rich quick" money grabbers until the next bull run starts.

indeed so many that wants quick results..... as myself i'm not a very patient guy , especially @traffic,waiting lines, when netflix doesn't work or other things BUT lucky me with HODLING BTC i got no problems

Because we know we will be rewarded!

[Last of the V8s]

https://clips.twitch.tv/SuaveOddWatercressLeeroyJenkins?tt_medium=creation
daily buy signal ymmv dyor