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

[xhomerx10]

Looks like a meme day!

[SidETH]

$9000 to be smashed this week.
Wassuuup?!

[B1tUnl0ck3r]

might as well use this quiet time to set myself up with
brand new trading desk - check

Your brand new trading desk reminds me of this one, except yours is more snazzy.

how to not be with the machines? they never will rape anyone... it's too slow, break the flow.

so where are the great gif!!! each page should at least have a rocket launch .

[pfrtlpfmpf]

Blue Frontiers, Tahiti, and such, i really can´t keep up with the last pages, let´s just say, i´m going to be rich. I´m simple minded 

[Torque]

I would like a place with nice weather where I may eventually retire.
The whole ERTH thing started to get on my nerves. Too much crap all over.
I would like to have an ability to be left pretty much alone with my immediate family, yet maintain some western style comforts.
Too much to ask?

There's still yet a few warm places that haven't been severely exploited. Tick-tock... start now!

In other news from on the ground, I asked local gold shop (who's main business is currency exchange) if they'd accept BTC. She met me with a   Maybe.
Here it comes!  One year ago they hadn't even heard of it.

That's awesome. Btw whatever happened with that one Asian woman who you said had bought and was speculating on every crypto under the sun on her laptop?

[Torque]

Don't really care about that 2014 comparison.  Seen it on trading view and think it's crap.  Seriously, they are comparing over a year of price to just 3 months.  Sure you can compress/extend time frames to see about anything you want to see.   + Drkenergy has been wrong about 90% of the time.  Maybe most viewed but damn, if you traded on his advice you would be broke about now.

The other major difference between now vs. 2013/2014 was leverage. Back then there was shit ton of it, and Bitcoin was leveraged anywhere from 100:1 to 500:1 (on a few Chinese exchanges). Pretty easy to push a small, thin market around with that kind of leverage. Especially on Gox where the majority was probably fake/naked leverage and shorting going on.

Now, not so easy with this size market and so many more exchanges offering much less leverage opportunity.

[Ibian]

Almost done with my winter vacation. Didn't initially plan to spend almost 2 months down south, but the winter back home just didn't wanna let go. Word is it's finally sailing season, so going back home soon. Then boating as much as possible this year. Don't need an entire island to get away.

[Majormax]

I will leave this one here:

Using your chart ...  2014 high  $1150   low $188      = Fall of 84%  Peak to trough  took ~14 months


Applying that to current situation :  84% fall from 2017 high of 19500   = $3200 approx in around Feb 2019.


If you are a Hodler, it may alleviate anxiety to use this roadmap.  The low would only be 9 months away, although the recovery would be slow.

[jojo69]

[Torque]

^^^^^
Love that pic jojo

[ssmc2]

If we're comparing to previous drops why not compare to this one...

https://www.tradingview.com/chart/BTCUSD/cy1UAvLl-2013-vs-2018/

[Torque]

If we're comparing to previous drops why not compare to this one...

https://www.tradingview.com/chart/BTCUSD/cy1UAvLl-2013-vs-2018/

Yeah April 2013 comparison would honestly make more sense. My belief is that whales were charging up into the market because they already knew the real game was coming later into the year. So they were already accumulating even though April looked like a bubble. People have to understand that this is a really thin market, so any heavy accumulation on exchange will cause massive bubble swings.

So my theory now is that, if we don't see another significant drop in the coming 6-8 weeks, it means that this is just a pre-show to something bigger coming soon^TM. Otherwise the whales would just trade this thing back down to pre-Nov levels, let it go and be done with it.

Why would you pump hundreds of millions (billions) of dollars over a year's time into a market that was just going to go back down? You wouldn't.

[Karartma1]

I'll get cryogenically frozen when I die, and let the future sort out my problems.

Infofront: a wannabe Philip J. Fry!
If the future keeps unfolding this way you're better off dead than alive

By the way, I picked the price right for today in the poll: that might need an update tomorrow. Thanks!

[ssmc2]

If we're comparing to previous drops why not compare to this one...

https://www.tradingview.com/chart/BTCUSD/cy1UAvLl-2013-vs-2018/

Yeah April 2013 comparison would honestly make more sense. My belief is that whales were charging up into the market because they already knew the real game was coming later into the year. So they were already accumulating even though April looked like a bubble. People have to understand that this is a really thin market, so any heavy accumulation on exchange will cause massive bubble swings.

So my theory now is that, if we don't see another significant drop in the coming 6-8 weeks, it means that this is just a pre-show to something bigger coming soon^TM. Otherwise the whales would just trade this thing back down to pre-Nov levels, let it go and be done with it.

Why would you pump hundreds of millions (billions) of dollars over a year's time into a market that was just going to go back down? You wouldn't.

Agreed. The next 2 months are definitely critical 

[JimboToronto]

Good morning Bitcoinland.

Seems we're having another quiet weekend with a slight rise... currently $8305USD/$10479CAD (Bitcoinaverage).

Last week instead of a Monday rise we had a dip but it was wiped out by a healthy recovery a few days later. Let's see what this week brings.

Many are predicting a major rally after the USA tax date this week but I'm not so sure any single country has that much influence, at least not in the short term. Even major events like Japan officially legalizing Bitcoin take some time to digest. Response to negative events happens much more quickly due to the opportunity to shake out weaklings with well-orchestrated panics.

That said, I think it's reasonable to expect 5 digits by the end of April or early May and $12.5k by the end of May. Then? Watch out.

Go Bitcoin go.

If we're comparing to previous drops why not compare to this one...

https://www.tradingview.com/chart/BTCUSD/cy1UAvLl-2013-vs-2018/

Indeed.

[realr0ach]

If we're comparing to previous drops why not compare to this one...

Because the last pump to $8k was just Bitmain trying to rig the price to make it profitable for their mining monopoly.  There is no aggregate market demand from noobs lining up on Coinbase.  Whenever Bitfinex is the center of the price movement it's always a scam because no normal humans trust that exchange with a dime.  The Chinese mining monopoly are the ONLY people who use that exchange at all with big weight, so of course it's them.

[ssmc2]

Oh wise roach keep enlightening us with your knowledge

[explorer]

I would like a place with nice weather where I may eventually retire.
The whole ERTH thing started to get on my nerves. Too much crap all over.
I would like to have an ability to be left pretty much alone with my immediate family, yet maintain some western style comforts.
Too much to ask?

There are plenty of places in this world with a very low population that are quite nice. How much “alone” are you loooking for?  

This looks fairly decent for the price of a high end house in a major US city.  Vanuatu is one of the nicer places in the South Pacific.

https://www.privateislandsonline.com/south-pacific/vanuatu/lenur-island

If you don’t want to spend that sort of money, a sailboat will get you a long way from anywhere.

Vanuatu.  The only reason I know where it is is from the daily reports of earthquakes and volcanic eruptions.

[explorer]

I will leave this one here:

While the break of $5k would sooth my OCD, The comparison is not compelling.  Once -they- tire of wrecking shorts, there will be a spate of long destruction before any serious level up, IMO.

[Torque]

Oh wise roach keep enlightening us with your knowledge

Please don't encourage him