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

[BTCHadzija]

I'm actually really impressed with the volume on this pump right now, we haven't had a 4hour volume candle this high in a loooong time.

Might be something here, but I still think we need to touch at least 6930 - the long term support line

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[kingcolex]

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...

That's far too low, it doesn't have to hit 3 to go up long-term.

[savetherainforest]

I'm actually really impressed with the volume on this pump right now, we haven't had a 4hour volume candle this high in a loooong time.

Might be something here, but I still think we need to touch at least 6930 - the long term support line

Volumes do not matter.... panic, fear, uncertainty, despair and confidence are the only things that matter! ... ah... ofc.. and discipline! ... and also coordinated dumps!

[savetherainforest]

That's far too low, it doesn't have to hit 3 to go up long-term.

Well from 5k to 3k it will stay there for probably less than 10-15 minutes.  ... Its just a matter of "Who will get lucky when fat butter fingers slip!" ...

[xhomerx10]

 Well that's not even going to last a night!  I hope you have moar

[xhomerx10]

What is this? A spike? Good morning!

 It's just morning wood (aka nocturnal penile tumescence).  Go back to sleep.

[LFC_Bitcoin]

No way it goes to $3,000. Too many people will pile in if it goes anywhere near low $5,000’s.

[BTCHadzija]

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.

[img]https://i.imgur.com/y79WvPfmg]







^


For reversal it needs to do that...

it doesn't ''need'' to do anything, the market doesn't owe you or me anything, and it's irrational at times.

and that other post of yours, I'm not even going to comment on it ''it doesn't need volume'' lol, yeah it doesn't need it but it's the best indicator for future price movement, and the only thing we can say for sure is that if there are no buyers and sellers it's all dead - so yeah, turn it the way you want it still needs volume

[savetherainforest]

it doesn't ''need'' to do anything, the market doesn't owe you or me anything, and it's irrational at times.

and that other post of yours, I'm not even going to comment on it ''it doesn't need volume'' lol, yeah it doesn't need it but it's the best indicator for future price movement, and the only thing we can say for sure is that if there are no buyers and sellers it's all dead - so yeah, turn it the way you want it still needs volume

Depending on multiple factors. There can always be more volume or less.   ... So volume is not that important if there are people sitting on the side lanes and waiting for the perfect moment.

[Phil_S]

 Well that's not even going to last a night!  I hope you have moar

Also, 2040? I'm not waiting until I'm 70, no way.

[xhomerx10]

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.

[img]https://i.imgur.com/y79WvPfmg]







^


For reversal it needs to do that...

it doesn't ''need'' to do anything, the market doesn't owe you or me anything, and it's irrational at times.

and that other post of yours, I'm not even going to comment on it ''it doesn't need volume'' lol, yeah it doesn't need it but it's the best indicator for future price movement, and the only thing we can say for sure is that if there are no buyers and sellers it's all dead - so yeah, turn it the way you want it still needs volume

 Without buyers and sellers, Bitcoin could best be considered dormant;  Bitcoin is irrational but also immutable, intangible and immortal.

[El duderino_]

No way it goes to $3,000. Too many people will pile in if it goes anywhere near low $5,000’s.

I would be buying big if BTC dips to that area , MUST buy dips otherwise the luckgames becomes too expensive

[kludzins]

Dead cat bounce

[Harlot]

What is this? A spike? Good morning!

 It's just morning wood (aka nocturnal penile tumescence).  Go back to sleep.

Morning Wood? Is that a new trading term in cryptocurrencies? Hahah, I guess you can call it that one as this recent price rally got everyone excited but most importantly feel relief from the latest correction they ever had. But this is a normal thing to see right now. Bitcoin experiencing a heavy pounding (no pun intended) on the sell side made it oversold and now we could experience a late rally. This triangle is getting tighter and tighter (no pun intended again) and Bitcoin will be less volatile when it reaches at the end.

[TERA2]

No way it goes to $3,000. Too many people will pile in if it goes anywhere near low $5,000’s.

That's funny. There were supposedly too many people waiting to buy in $14,000 as well - like bill gates and da bag insitutions were waiting there to buy every coin at 14K.

[loveraltcoin]

No way it goes to $3,000. Too many people will pile in if it goes anywhere near low $5,000’s.

I would be buying big if BTC dips to that area , MUST buy dips otherwise the luckgames becomes too expensive

Bitcoin price is moving back up. Looks like market will recover. What is the top short term?

[Totscha]

No way it goes to $3,000. Too many people will pile in if it goes anywhere near low $5,000’s.

I would be buying big if BTC dips to that area , MUST buy dips otherwise the luckgames becomes too expensive

Bitcoin price is moving back up. Looks like market will recover. What is the top short term?

Infinity plus one

[LFC_Bitcoin]

No way it goes to $3,000. Too many people will pile in if it goes anywhere near low $5,000’s.

That's funny. There were supposedly too many people waiting to buy in $14,000 as well - like bill gates and da bag insitutions were waiting there to buy every coin at 14K.

You most likely thought it was going to $0 in 2014

[TERA2]

No way it goes to $3,000. Too many people will pile in if it goes anywhere near low $5,000’s.

That's funny. There were supposedly too many people waiting to buy in $14,000 as well - like bill gates and da bag insitutions were waiting there to buy every coin at 14K.

You most likely thought it was going to $0 in 2014

I actually drew charts showing that it would bottom around 300 and reach ATH in 2 years. Everyone thought it was super bearish and laughed me out of the forum. I ended up being wrong... it went lower than I expected, bottomed at 160 and reached ATH in 3 years. I was too bullish.

[European Central Bank]

That's funny. There were supposedly too many people waiting to buy in $14,000 as well - like bill gates and da bag insitutions were waiting there to buy every coin at 14K.

why would anyone bother buying in at a price level like that? someone would have to be a moron to think that was the bottom. that's not how bitcoin has ever rolled so far. no reason to believe it was gonna start rolling that way this time.