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

[realr0ach]

I love taking money away from the state.

Elwar taking money from the state intensifies:

[qwizzie]

https://usethebitcoin.com/the-6th-pattern-on-bitcoins-price-coincidence-or-market-manipulation/

At the moment there are several traders and investors that give their insights on the cryptocurrency market and how it can evolve in the next days, months or even years.
But different enthusiasts and professionals discovered a very interesting pattern in the charts, what is it all about?

The ‘6th Pattern’ in Bitcoin’s Price
According to this theory, the 6th day of each month Bitcoin will reach a top or a bottom in its price. The 6th of January Bitcoin reached one of the highest tops it has ever had
when it was traded around $17,000 dollars. After this day, BTC’s price suffered a reversal that took it just under $6,000 dollars.

The interesting fact, is that when it touched the lowest point, it was on February the 6th, just one month after it reached its highest price before starting a bear movement.
But the pattern repeats itself in the next months. Once Bitcoin was traded at its lowest point this year (February the 6th), it started to recover part of the value lost, and topped
around $12,000 dollars on March the 6th.

And the theory keeps in the next months, April and May. In March the 6th, Bitcoin’s upward trend changed direction and touched new lows the 6th of the next month (April) near $6,400 dollars.
We were able to experience the last bull trend between April 6 and exactly one month later when Bitcoin tried to break above $10,000 dollars.

Now we are approaching the next (possible bottom?) 6th in June when Bitcoin can reach a bottom, again. If the pattern does not break here, we could see a recovery that may take Bitcoin price near $8,750.

The ‘6th Pattern’ On Bitcoin’s Price - Coincidence or Market Manipulation?

[realr0ach]

^Probably a result of the market being entirely controlled by a single entity operating on Bitfinex and this entity's bot has some cyclical pattern to it.

[buyandhold]

[Ibian]

https://usethebitcoin.com/the-6th-pattern-on-bitcoins-price-coincidence-or-market-manipulation/

At the moment there are several traders and investors that give their insights on the cryptocurrency market and how it can evolve in the next days, months or even years.
But different enthusiasts and professionals discovered a very interesting pattern in the charts, what is it all about?

The ‘6th Pattern’ in Bitcoin’s Price
According to this theory, the 6th day of each month Bitcoin will reach a top or a bottom in its price. The 6th of January Bitcoin reached one of the highest tops it has ever had
when it was traded around $17,000 dollars. After this day, BTC’s price suffered a reversal that took it just under $6,000 dollars.

The interesting fact, is that when it touched the lowest point, it was on February the 6th, just one month after it reached its highest price before starting a bear movement.
But the pattern repeats itself in the next months. Once Bitcoin was traded at its lowest point this year (February the 6th), it started to recover part of the value lost, and topped
around $12,000 dollars on March the 6th.

And the theory keeps in the next months, April and May. In March the 6th, Bitcoin’s upward trend changed direction and touched new lows the 6th of the next month (April) near $6,400 dollars.
We were able to experience the last bull trend between April 6 and exactly one month later when Bitcoin tried to break above $10,000 dollars.

Now we are approaching the next (possible bottom?) 6th in June when Bitcoin can reach a bottom, again. If the pattern does not break here, we could see a recovery that may take Bitcoin price near $8,750.

The ‘6th Pattern’ On Bitcoin’s Price - Coincidence or Market Manipulation?

Patterns repeat until they don't, but I have been trying to decide when to buy and this is as good an excuse as any. 6th it is.

[LFC_Bitcoin]

The biggest pump and dump in the history of the world. Kudos, Bitcoiners!

The dark side I sense in you

ah hell, if that is the case it was a lot of fun....if it becomes 'Tulip City' so be it...I THINK I can squeak by till full retirement

on my 3 year retire early gig...so I guess, anything beyond pulling that stunt off is gravy...(or my start on self-justification for not selling and

in HODL mode...if it pans out to Tulips...a lousy 'go to hell' plan...but sheesh...most fun I've had these last 5 years since College...)

a fun ride ..we will see if it ends in a glide....or a crash...

You were here in 2013, this is nothing to worry about. Whale manipulation & mass accumulation stage. Don’t go anywhere until at least 2021.

[Phil_S]

I noticed this '6th' thing a week ago:

https://bitcointalk.org/index.php?topic=178336.msg38254896#msg38254896

[Globb0]

If anyone is thinking about getting a ledger, don't. I just updated the firmware and it was a fucking nightmare.

updating firmwares is critical on ANY device. even your holy trezor has firmware upgrading problems

That's interesting, I didn't have to update the firmware on my physical silver at all to prevent it from exploding and ceasing to exist.

yeah, but, don't you have to update the password periodically for the bank where they pretend your silver actually exists?

[El duderino_]

[El duderino_]

i allways really hope a good hodler with less than 1-2 BTC win my list games ..... hoping you gonna catch one of them , meanwhile keep hodling your precious BTC and try to expand when possible

this kinda encourage me to buy a dip and set up another list in the near future

I resemble that remark!  I actually do dream of winning one of your lists one day.  Won't be this one, tho. 

So I'm just buying some dip & #HODLing....

maybe next one but keep on hodling

[LFC_Bitcoin]

[El duderino_]

Any chance that 7000 will hold?

[El duderino_]

The biggest pump and dump in the history of the world. Kudos, Bitcoiners!

The dark side I sense in you

ah hell, if that is the case it was a lot of fun....if it becomes 'Tulip City' so be it...I THINK I can squeak by till full retirement

on my 3 year retire early gig...so I guess, anything beyond pulling that stunt off is gravy...(or my start on self-justification for not selling and

in HODL mode...if it pans out to Tulips...a lousy 'go to hell' plan...but sheesh...most fun I've had these last 5 years since College...)

a fun ride ..we will see if it ends in a glide....or a crash...

You were here in 2013, this is nothing to worry about. Whale manipulation & mass accumulation stage. Don’t go anywhere until at least 2021.

i even don't think i will ever sell to hold then much of fiat .....maybe on a massive price increase to sell a few percentages....
just allways buying dips and keep savings on big percentage into BTC and just sell when the price is right and i need too buy something
.....

[vapourminer]

If anyone is thinking about getting a ledger, don't. I just updated the firmware and it was a fucking nightmare.

[...]

Get a trezor instead. Updated the firmware on that too and it went through in seconds with no issues. Thinking about dropping the ledger and getting an extra trezor instead. Or maybe an entirely different brand would be in order.

agree. 3 out of the 4 times i updated my ledger nano s it got stuck somewhere and i had to hit reddit to figure it out.

NEVER had a problem with my trezor updating. i have two, 1st was bought several years ago, another last year. my trezor t arrives today.

trezor is much more polished, better design from an intuitive and physical usability standpoint, better ui, doesnt need chrome; it can use any (most) browser. although ledger is moving away from chrome to a stand alone app from what i gather.

[RewFrew]

Here we go! big pump trap again?

90 Millions dollars buys in 5mn @ bitmex.

Price goes from 7180$ to 7347.

Long time dont saw a big buys like this.

The daily rsi was around 30 thats always when the bitcoin price goes for another pump at this rsi area.

I Was thinking that we are going to 6800$ before the next leg pump to have an rsi below 30 But there was a big buying pressure @ 7000$.

So this is a real pump starting now or another bull trap to sell @ around 7400$ then dump the price to 6800.

[Asrael999]

So when does what is going on in Italy become the next crypto trigger?  Cyprus 2? Two year Italian government debt is down 5% since Monday morning, that's enormous in govt bond terms.

Now who owns all that government debt I wonder?

[savetherainforest]

Well... ... Math is a funny thing!

I've been following those lines in the past few days. And I listened of them like a holy book. Trades where made... ...  And them lines worked.

[doc12]

Oh yeah nice short liquidations in Bitmex 

[savetherainforest]

Fuck, 7400+ now, nice to see.

Nope... not going to last...

Sell or get burned to the stake!

[savetherainforest]

Fuck, 7400+ now, nice to see.

Nope... not going to last...

Sell or get burned to the stake!

I don't know a lot of people have been waiting for any sign for a reversal this could be it.

^


For reversal it needs to do that...