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

[drwhobox]

Three possible long term trendline supports:

That's great for the long run. Still waiting for the Bitcoin halving 2 years to go until another Bitcoin to the moon memes lol still waiting for the future.

[Wekkel]

A bullish recovery scenario on the weekly might look something like this all be it a bit exaggerated.
https://i.imgur.com/nvkE3Wq.jpg

I also prefer a scenario of a blend between 2013 correction and some kind of truncated 2014 move. That would indicate a 6-9 month slow period with price lingering in this zone, perhaps also lower, and an ensuing rally into 2019. So far, it is not the worst correction ever  

[Elwar]

My retirement went from living on the beach in Tahiti with the price over $10k. Then living in Thailand under 10k. Now I'm on a ratty old bus on my way to Cambodia.

Not many countries cheaper than Cambodia. Please don't drop any further.

[mindrust]

My retirement went from living on the beach in Tahiti with the price over $10k. Then living in Thailand under 10k. Now I'm on a ratty old bus on my way to Cambodia.

Not many countries cheaper than Cambodia. Please don't drop any further.

Stay strong and hodl brother. In a few years you'll be able retire in Beverly Hills. Just believe.

[realr0ach]

My retirement went from living on the beach in Tahiti with the price over $10k. Then living in Thailand under 10k. Now I'm on a ratty old bus on my way to Cambodia.

Not many countries cheaper than Cambodia. Please don't drop any further.

Stay strong and hodl brother. In a few years you'll be able retire in Beverly Hills. Just believe.

I just consulted Tom's Hardware and 9/10 users with a GED or lower agree bitcoin will be the world reserve currency and worth $1 trillion each.

[HairyMaclairy]

[El duderino_]

My retirement went from living on the beach in Tahiti with the price over $10k. Then living in Thailand under 10k. Now I'm on a ratty old bus on my way to Cambodia.

Not many countries cheaper than Cambodia. Please don't drop any further.

where did you live between the price of 500-1000??

[dmwardjr]

deleted by user.

I doubt anyone was asking for deletion..just some resizing. I really dont care as I view this from home on a 42inch screen. I have heard complaints about img size from phone users however..so I was just trying to pass along that your img's seemed large.

All that I deleted then was me asking "how" to make the images smaller.  I figured it out; thanks to you.  Much appreciated.

[theymos]

I tend to be a perma-bear, but this most recent crash feels really artificial.

We do seem to be tracking frightfully close to the accelerated 2014 model.

There really should be no reason for 2014 to recur, since the overall situation is so immensely different, but I also can't help but see parallels. I've always thought that the upward movement after the 2015 doldrums was driven to a significant extent by the 2016 halving, though, which wouldn't apply to a time-accelerated model. And in 2013-2015 the price dropped about 83% from its ATH, which would lead to a price of about $3200 in the current situation.

[vroom]

[El duderino_]

so many saying to me "better put your arm up HAHAHA..... " nocoiners offcourse LOL

[vroom]

so many saying to me "better put your arm up HAHAHA..... " nocoiners offcourse LOL

they don't know what they are talking about, stupid nocoiners

[luckygenough56]

best technical analysis i've ever seen

[TERA2]

More upward charts all the way down. Lets go.

[HairyMaclairy]

More upward charts all the way down. Lets go.

Yeah well I was waiting for a re-test of $1242 when we broke $2k.  Don’t think I am going to get it. 

[Last of the V8s]

I tend to be a perma-bear, but this most recent crash feels really artificial.

We do seem to be tracking frightfully close to the accelerated 2014 model.

There really should be no reason for 2014 to recur, since the overall situation is so immensely different, but I also can't help but see parallels. I've always thought that the upward movement after the 2015 doldrums was driven to a significant extent by the 2016 halving, though, which wouldn't apply to a time-accelerated model. And in 2013-2015 the price dropped about 83% from its ATH, which would lead to a price of about $3200 in the current situation.

Sir, when bus ticket?

I feel the price was being artificially held up for 2 months on and off after the short squeeze, then one set of accumulation bots was turned off again - for now.

[Ludwig Von]

I tend to be a perma-bear, but this most recent crash feels really artificial.

We do seem to be tracking frightfully close to the accelerated 2014 model.

There really should be no reason for 2014 to recur, since the overall situation is so immensely different, but I also can't help but see parallels. I've always thought that the upward movement after the 2015 doldrums was driven to a significant extent by the 2016 halving, though, which wouldn't apply to a time-accelerated model. And in 2013-2015 the price dropped about 83% from its ATH, which would lead to a price of about $3200 in the current situation.

It is artificial. No doubt about that. And indeed it may look similar to previous episodes, but there is no causal resemblance. My idea is that the financial world has been frightened by what happened last year and knowing their
kingdom is floating on bubbles out of thin air have decided to not let that happen again. They want to prevent people moving their savings out.

Not that I think they will succeed, but it will cause some more pain for sure.

[Torque]

For the deep pockets who want to take a big long position, the tree has been shook.

It'll be shook again, possibly several times, before we move up again.

[Last of the V8s]

More upward charts all the way down. Lets go.

Hopium-induced bear song.
~

For the deep pockets who want to take a big long position, the tree has been shook.

It'll be shook again, possibly several times, before we move up again.

"several" doesn't sound too bad. I agree, soon enough they will want to let it shoot up again to take some profits.

[4rt3m]

Surprisingly I like the down moves like this, many idiots who jumped on BTC for easy money jumps out now, it's good for the community and the whole crypto ecosystem.

Also, dat TA: