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

[Majormax]

Here's a chart I posted on May 24, 2018 in my publication I linked everyone to above with a focus on end of 2014 to 2015:  I provided an additional scenario to consider with Blue text bubbles.  If that scenario plays out to take us down even further, then we're looking at the $4,000 to $,4500 range potentially.  I'm still leaning towards the scenario I provided in the first chart.  I'm hoping we are currently located similar to where you see the 2nd AR (Automatic Rally) going down to the Spring/Test in the chart below.

Thanks. Proper (but relatively simple straightforward) technical analysis here. It is always correct to propound at least 2 opposing scenarios.

If comparing with the 2014-2016 chart, the time frame needs to coincide to be valid. That will not be a popular view, because it consigns the Wall Observers to another year or two of an anxious bear market.

I am hoping for the better scenario, although my instinct and experience tells me that hope doesn't normally coincide with realism.

[1685792593]

1685792593

[1685792593]

1685792593

[LFC_Bitcoin]

The price fell 300-400 USD overnight & I see posts predicting $4,000 & even $3,000 soon.
What is this wizardry/retardedness?

[Raja_MBZ]

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.

Within the last 3 hours, I've received two calls from my family members asking how they can buy bitcoin right now. Surprisingly, they've been keenly observing BTC to USD rate at Google and today they think is the right time to buy.

[4rt3m]

Bullish news from Germany again:

30% of Germans Are Interested In Investing in Bitcoin (BTC) and other Cryptocurrencies

According to a recent survey by Germany’s retail bank, Postbank, 29% of Germans believe that cryptocurrencies are a desirable investment opportunity. According to the report, Bitcoin (BTC), Ethereum (ETH) and other major cryptocurrencies, were still the favorite choice investments for the surveyed group of participants.

https://ethereumworldnews.com/30-of-germans-are-interested-in-investing-in-bitcoin-btc-and-other-cryptocurrencies/

[Torque]

BTFD

[mOgliE]

Finex leveraged longs are still at $700MM i wanna see them under $500MM. Can we absorb $200MM sell off?

That just means we're pretty far from a stable price...
And I understand them cause longing is what most of use are doing. Buying and storing is the same as longing...

What we need is time, time for people stop caring so much about btc and letting the currency breath alone. We need another huge 2k dip so that tons of people say "fuck off I'm out" and then only those who own btc will stay.
But let's be honest who would short btc right now? xD

[Rosewater Foundation]

BTFD

 

[RayX12]

I'm really thinking of quitting. Too tired of this. if 11K will ever happen i will quit(

Still kicking my ass for not dumping $1M @ $11.5k on the last bounce

At what point will you be kicking your ass for not reinvesting the millions you already cashed out back into Bitcoin?

Do you have that much more faith in fiat and your managed stock portfolio over Bitcoin these next few years?

Are trade wars and nationalism getting you harder than choo-choos and rocket ships ever did?

 

Bitcoin hashrate still climbing.

Bitcoin price still up +150% from 1 year ago.

SEC still being hammered with Bitcoin ETF applications.

Fidelity, Goldman, JP Morgan still proceeding with Bitcoin trading options.

The Commissioner of the US CFTC still calling Bitcoin an unstoppable technological revolution and modern miracle.

Bitcoin is dead. Long live Bitcoin!

+2 WO-merit deserved!
Agreed!!  And this goes to all of you retired BTC hodlers that keep holding this train down for pure love of FIAT!  

[Torque]

BTFD

 

[realr0ach]

If that scenario plays out to take us down even further, then we're looking at the $4,000 to $,4500 range potentially.

And now the goyim are starting to figure it out.  Once that happens, this thread is going to be so full of mentally unhinged people it will look like this Tosh.0 episode:

http://www.youtube.com/watch?v=YVtEX1J7tXQ

[Wosterlee]

They are upping their game.
 This is not just a Bart but a brand new formation which i shall name a Bart and Shoulders or in this case a reverse Bart and Shoulders.
At the moment, one shoulder and part of the head have formed.

That's the infamous inverted ''wedding cake'' pattern

[TheHas]

Debt of usa is over 21 trillion. Debt of bitcoin = absolutely nothing and never will. I dont know why people worry about how bitcoin gets its value when usd is in a debt spiral with no end.

[RejectedBanana]

They are upping their game.
 This is not just a Bart but a brand new formation which i shall name a Bart and Shoulders or in this case a reverse Bart and Shoulders.
At the moment, one shoulder and part of the head have formed.

That's the infamous inverted ''wedding cake'' pattern

That’s the “Where should we bury our fiat? Should we dig a little deeper?” pattern.

[4rt3m]

Debt of usa is over 21 trillion. Debt of bitcoin = absolutely nothing and never will. I dont know why people worry about how bitcoin gets its value when usd is in a debt spiral with no end.

You forgot to mention that debt of USA is 21 trillion dollars of USA.  

[Vlada69]

Debt of usa is over 21 trillion. Debt of bitcoin = absolutely nothing and never will. I dont know why people worry about how bitcoin gets its value when usd is in a debt spiral with no end.

You forgot to mention that debt of USA is 21 trillion dollars of USA.  

And USA also make more money out of their own debt. Own by them

[mymenace]

Debt of usa is over 21 trillion. Debt of bitcoin = absolutely nothing and never will. I dont know why people worry about how bitcoin gets its value when usd is in a debt spiral with no end.

You forgot to mention that debt of USA is 21 trillion dollars of USA.  

And USA also make more money out of their own debt. Own by them

 The US Congress has the option to buy back the FED at $450 millions (per Congressional Records). When the Congress does this, it will own back the billions of US Government Bonds held by the FED. The US Government will actually PROFIT by buying back the FED! Also, the US government no longer has to pay interests to the FED owners on those bonds.

[Rosewater Foundation]

When real people join in the bull troll. It's like watching a car crash with all my old friends.

[realr0ach]

The US Congress has the option to buy back the FED at $450 millions (per Congressional Records). When the Congress does this, it will own back the billions of US Government Bonds held by the FED. The US Government will actually PROFIT by buying back the FED! Also, the US government no longer has to pay interests to the FED owners on those bonds.

How many times have you ever heard Trump mention ending the fed? ....cricket sounds.  It seems like the only reason he's deporting the Mexicans is because Mexico and China are exporting deflation to the US via cheap labor, and the US banking system/all debt based currency must continuously inflate or face cascading deflationary collapse.  At first glance it appears he's going against the Jew banker Kalergi white genocide plan, when in reality, a lot of this stuff are things the bankers would probably do as a last ditch effort to prop their debt based system up and prevent collapse of the banks.

Who are the only two groups Trump ever talks about?  Mexico and China.  Both export deflation to the US.  Yea, they do lower wages here, but if Trump wanted to actually economically help the goyim, he would end the fed and put them all in front of a firing squad.

[Vlada69]

The US Congress has the option to buy back the FED at $450 millions (per Congressional Records). When the Congress does this, it will own back the billions of US Government Bonds held by the FED. The US Government will actually PROFIT by buying back the FED! Also, the US government no longer has to pay interests to the FED owners on those bonds.

How many times have you ever heard Trump mention ending the fed? ....cricket sounds.  It seems like the only reason he's deporting the Mexicans is because Mexico and China are exporting deflation to the US via cheap labor, and the US banking system/all debt based currency must continuously inflate or face cascading deflationary collapse.  At first glance it appears he's going against the Jew banker Kalergi white genocide plan, when in reality, a lot of this stuff are things the bankers would probably do as a last ditch effort to prop their debt based system up and prevent collapse of the banks.

FED fork lol

[Wekkel]

This is the second dip in the intermediate bottoming cycle. If we hold $7,000, I see price higher in 14 days instead of lower (the ensuing rally could go over $9,000).