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

[STT]

Hey!

Why don't you all try to see the positive side of this dump?

It is more cheap coins for everbody!

BTFD!

In really basic terms with a rising population of Bitcoin users the price is less relevant then the basic supply and demand.    More demand and declining supply so yea buy, double check you believe utility of BTC justifies the view of a rising population of users but if you do this advice is perfectly reasonable.

I think price on the exchange is seperate to other factors.  We had VISA deny transactions for many hours across its network nationally the other day, a major failure.   All those people stranded on toll roads and petrol stations without money did have mobile phones, an ideal situation for a crypto transfer; highlighting the benefits to alternate global networks.    We still big questions and upsets in global politics ongoing that relates to USD remaining a global reserve, allowing other competitors to likely appreciate.    A possible repeat of the 1930's trade war/tariffs that likely caused the great recession, that could be a really bad trigger.  Where as Bitcoin is not political currency.  Bitcoin transcends various regimes and their self bias.
  
However none of the long term means we have to rise here particularly but I think to average into a price is fine.    Its a general investment strategy.    https://www.investopedia.com/terms/d/dollarcostaveraging.asp

I wish I had done this in Intel for example.  I do own some at a good price, but I should have bought into growth and now be averaging out as its a very high price now.    BTC has growth similarly

[Derpinheimer2]

Support at $7175 looking strong. Probably we're gonna see a jump now but I'm literally tired of seeing stupid head of Mr. Bart Simpson again and again.

...man now I really hope it's just another big effing head of Mr. Bart Simpson.

Nah man, its time for new lows. Market is dead. Below 7000 in 24 hours, below 6000 in 72 hours, below 5000 this time next week.  

Nope. 

[DeathAngel]

Punk ass Asian whales, last time I checked the price it was $76xx.
What the fuck happened!

[jojo69]

good god...the carnage

[blacky90]

damn we are arlready down so much
Is this a good time to buy?

or is it time for macdonald’s job application?

[SidETH]

So... this means I have to start thinking about making an actual career and stuff?

[RewFrew]

-12% in 1Day. Zzzzzzzz

between us i prefer those big dumps than the zigzag slow dumps.

[LFC_Bitcoin]

So... this means I have to start thinking about making an actual career and stuff?

We may have to shelve plans on that 10 bedroom mansion with 25 acres of land until 6-12 months after the halving, yes.

[dmwardjr]

We should stay within this channel on the way down:

https://www.tradingview.com/chart/BTCUSD/P07Gk3YT-Wyckoff-Accumulation-Schematic-Chart-pasted-again-in-comments/

[Last of the V8s]

good god...the carnage

[Last of the V8s]

join the dots, chaps ... the bottom is not yet in.

[ivomm]

So... this means I have to start thinking about making an actual career and stuff?

We may have to shelve plans on that 10 bedroom mansion with 25 acres of land until 6-12 months after the halving, yes.

Well, some whale lost his patience, so what? May be he is an early adopter, or may be he bought at 18K-ish and now is furious he lost so much   The price will recover sooner or later. I am still determined to start selling for a house at 40K-ish price. And I will hold 2/3 BTC's until I retire. I don't care if the 2014-2015 scenario will repeat or not. Btw, there are 3 differences:
In 2015:
1.  most of the people didn't know about bitcoin, let alone buying it. Now most of the people know and are thinking about buying. May be they are waiting for a good price or LN  
2.  no hope for Institutional investments. Now Coinbase, Van Eck Associates Corp., SolidX, Goldman and Sachs are ready to start deals.
3.  miners were still very profitable, while now they are on the edge. As from today all home miners in countries with electricity price >0.14$ lost their profit. Soon the rest will follow. Usually this means a coordinated attack to pump the price. We'll see...

[yefi]

I would like to think of myself as (somehow ?) a higher class than lambchop.

A filet mignon?

[El duderino_]

i am to not a TA kind of guy cause just don't understand it ......when i see the drawings with an uptrend ending i enjoy them offcourse ....
but as its going DOUG POLK bet is not looking very good     

[Raja_MBZ]

$6800 will actually be an "almost triple-bottom". Exact triple-bottom should be at around $6600:

Touched it, bitcoin has successfully made a sweet triple bottom.

[El duderino_]

QUICK list 12288 is finisht GOOD LUCK   WO's

16/04/2018 serveria.com
27/04/2018 BinaryReign
28/04/2018 Toxic2040
29/04/2018 BobLawblaw
30/04/2018 RayX12
05/05/2018 kaicrypzen
07/05/2018 InvoKing
08/05/2018 ChinkyEyes
13/05/2018 mfort312
15/05/2018 Paashaas
16/05/2018 player99
17/05/2018 bikerleszno
19/05/2018 Bitcoinaire
20/05/2018 willope
21/05/2018 rafanadal
22/05/2018 strawbs
24/05/2018 yonton
25/05/2018 JimboToronto
26/05/2018 Colonel Panic
29/05/2018 ivomm
30/05/2018 Lontonbit
31/05/2018 BTCMILLIONAIRE
01/06/2018 RoomBot
02/06/2018 rjclarke2000
03/06/2018 oblox
04/06/2018 wachtwoord
05/06/2018 Wekkel
08/06/2018 hisslyness
09/06/2018 LodisMcguire
11/06/2018 Raja_MBZ
12/06/2018 bitcoinPsycho
13/06/2018 erre
14/06/2018 vroom
15/06/2018 d_eddie
16/06/2018 coralreefer
18/06/2018 Robin,Hood
20/06/2018 rolling
22/06/2018 Biodom
23/06/2018 Dunkelheit667
25/06/2018 bones261
26/06/2018 Arriemoller
28/06/2018 klaaas
30/06/2018 DarkStar_
01/07/2018 o_e_l_e_o
02/07/2018 jojo69
03/07/2018 Karatma1
04/07/2018 Elwar
13/07/2018 sirazimuth
14/07/2018 Ludwig Von
21/07/2018 Lauda
22/07/2018 LFC_Bitcoin
26/07/2018 Icygreen
02/08/2018 fragout
03/08/2018 supremnoob
06/08/2018 cAPSLOCK
08/08/2018 infofront
10/08/2018 HairyMaclairy
15/08/2018 Phil_S
16/08/2018 Rosewater Foundation
17/08/2018 B1tUnl0ck3r
19/08/2018 Imbatman
21/08/2018 BitcoinBunny
27/08/2018 soullyG
28/08/2018 RealMachasm
29/08/2018 STT
04/09/2018 flynn
08/09/2018 xhomerx10
09/09/2018 vapourminer
11/09/2018 Dakustaking76
20/09/2018 Digigami
22/09/2018 Agapios
26/09/2018 itod
30/09/2018 DeathAngel
12/10/2018 IntroVert
15/10/2018 explorer
18/10/2018 Searing
26/10/2018 kurious
09/11/2018 fabiorem
15/11/2018 bitserve
20/11/2018 Globb0
22/11/2018 Last of the V8s
01/12/2018 Alexander_Z
07/03/2019 CoinCube
15/04/2019 Spaceman_Spiff_Original
20/06/2019 bitebits
13/12/2019 nikauforest
10/04/2020 yefi
05/09/2020 samson    
23/06/2021 fortune143              


it would be nice sending some BTC in the month of JUNE      

[UnDerDoG81]

Do whales know something we dont? Just read somewhere a whale moved 90k coins to exchanges.

Link?

Ask this guy...

https://bitcointalk.org/index.php?topic=4327795.msg39822703#msg39822703

[Fatman3001]

$6800 will actually be an "almost triple-bottom". Exact triple-bottom should be at around $6600:

Touched it, bitcoin has successfully made a sweet triple bottom.

We'll see. That bottom looks ripe to get penetrated.

[cAPSLOCK]

$6800 will actually be an "almost triple-bottom". Exact triple-bottom should be at around $6600:

Touched it, bitcoin has successfully made a sweet triple bottom.

Hmm.  It has to hold before I'd call it successful.

[PoolMinor]

I feel this dip won't be that strong but I do believe there will be a run to around ~13K before the long cold real bear market. My bottom price prediction is nearer to ~6500 for the very near future. by June 10

Care to explain your basis for such wide spreads ?

Since the bubble, we've been trading largely into a corner with lower highs and higher lows. That would suggest that we'll break out in one direction or the other, but not one first, then reverse all the way back beyond the lowest low. If it broke out up to your 13k level we'd have by then have had many successful retests of the 6500 support.

The "long cold bear market" of 2014/15 happened because there was no shoulder support for the December 2013 peak as there is now. It therefore had to retrace all the way back to the April 2013 266 high to find support.