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

[luckygenough56]

at the end of the year BTC $100 000 will be

From that perspective, totally possible too. I like it.

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[alevlaslo]

after 2 years $ 1 000 000 will be

[luckygenough56]

after 2 years $ 1 000 000 will be

that's when world will go mad lol.

The only way to make money in the future will be to already have some and speculate. No more normal jobs lol. Just pure speculation that will plague the world haha.

[LFC_Bitcoin]

i just wanted someone to post nice three bottoms pictures but i agree with your prediction. After 2013 correction, there was a last run up before the great depression

3k can take months/years to come

That was driven by the catastrophic Gox debacle. I don’t think (I hope not) it will play out that bad again.

[Searing]

i just wanted someone to post nice three bottoms pictures but i agree with your prediction. After 2013 correction, there was a last run up before the great depression

3k can take months/years to come

That was driven by the catastrophic Gox debacle. I don’t think (I hope not) it will play out that bad again.

the mt. gox trustee has 1.4 billion $$ of BTC to move ..probably by the end of the year...(assuming the trustees get paid a % for their efforts)

thus it is gonna be more than 'weird' in the next year IMHO

A 'perfect storm of FUD'

so yeah, the price could easily go to 3k or below and stay there for more than a year if/when adoption catches up and mt. gox liquidation happens

sucks

[Totscha]

i just wanted someone to post nice three bottoms pictures but i agree with your prediction. After 2013 correction, there was a last run up before the great depression

3k can take months/years to come

That was driven by the catastrophic Gox debacle. I don’t think (I hope not) it will play out that bad again.

the mt. gox trustee has 1.4 billion $$ of BTC to move ..probably by the end of the year...(assuming the trustees get paid a % for their efforts)

thus it is gonna be more than 'weird' in the next year IMHO

A 'perfect storm of FUD'

so yeah, the price could easily go to 3k or below and stay there for more than a year if/when adoption catches up and mt. gox liquidation happens

sucks

Sucks we still have to deal with Gox after 4+ years, yup.

Plus there's the whole Finex + Tether bubble that may blow up in our face.

No shortage of FUD...

[El duderino_]

Sold all of my BTC now.
 

This is the end.

A message like this from a "legendary" confirms this really is the bottom.

EDIT: seems like you're a "hero" but how in the world you've more than a thousand merit and still just a Hero?

bwaaaa than give the "legendary status to me "    maybe not the best writer of posts but such a legendary BULL on bitcoin and hodling those damn coins      and where's the actually diffrence of VIN not have a legendary status ??

[samson]

i just wanted someone to post nice three bottoms pictures but i agree with your prediction. After 2013 correction, there was a last run up before the great depression

3k can take months/years to come

That was driven by the catastrophic Gox debacle. I don’t think (I hope not) it will play out that bad again.

The Gox issue will come back. 25,000 creditors might well get what's left of their coins back. This would be the best outcome.

If the court decides that the Bitcoin should be liquidated (they're working on it right now) and there is a good chance that it will then the ~140k remaining Gox Bitcoin will be sold at some point one way or another.

[DaRude]

BTC Dominance: 40  

Can we get a new poll, at which price point will the miners run out of spare funds to support bcash?

[TERA2]

Gox closes in 2014, still getting goxxed in 2018.

[dmwardjr]

The odds are decently high we are in the later stage of Phase B in a Wyckoff Accumulation Schematic #1.  I'm getting this signal based on the price action since the fall from All Time High (ATH) of $19,666 on BitStamp and from the indicators I'm using.  

Yes, there's a "possibility" this is not an Accumulation Schematic but a Distribution Schematic instead.  If we go below $4,000, this will invalidate an Accumulation Schematic and confirm we were actually in Phase E of a Distribution Schematic all along.  This would require us to begin looking for a "Selling Climax" (SC) and a "base" to form shortly afterwards to mark the beginning of Phase A in a Wyckoff Accumulation Schematic.  If this is the case, we can pretty much rest assured the likely-hood of $100,000 bitcoin price is out the window for 2018 year end.  We would actually struggle to reach $25,000 by year end if we drop below $4,000; resulting in a Distribution Schematic.

I believe it's worth noting the volume is decreasing while the price action is falling in this 11-Day Time Frame (TF).  This is usually a good signal we are "potentially" nearing the end of Phase B and about to enter Phase C in a Wyckoff Accumulation Schematic.  Which see in the chart below:

EDIT:  We "could" end up rolling into another Automatic Rally and come down once more to current price range; which would delay beginning a Wyckoff Spring until September/October, 2018.



There is a "chance" of us falling below $4,000 and down to around the $2,980 price point when looking at higher Time Frames.  I will refrain from posting a chart with indicators on the 21-Day TF and higher unless we fall below $4,500.  THEN, I will post a higher TF to provide an idea of WHEN and at what price point a fall below $4,000 will take us.

[kludzins]

Volume down = price down NO matter how strong is support.

[luckygenough56]

am ready for anything bring it on bitcorn. Am a very patient man.

[dmwardjr]

Volume down = price down NO matter how strong is support.

Just because Bull composite groups have not shown their "support" as of yet does not mean "support" does not exist.  In fact, I'm not expecting the bull "composite groups" to reveal their "support" until AFTER we fall just below $5,920.72.  THAT price point will be the point at which we begin to pay more attention as to whether this will result in a Wyckoff Accumulation or Distribution Schematic.  I'm still leaning towards an Accumulation Schematic according to diminishing volume and what I'm seeing in my indicators.  IF we fall substantially below $4,573.20, then Phase B of a Wyckoff Accumulation Schematic has been invalidated and we should begin looking for a Selling Climax; followed by a forming base to begin Phase A of a Wycoff Accumulation Schematic.

EDIT:  Early on in Phase B, the price swings tend to be wide, accompanied by high volume. As the professionals absorb the supply, however, the volume on downswings within the TR (Trading Range) tends to diminish. When it appears that supply is likely to have been exhausted, the coin/stock is ready for Phase C.  That is what we see potentially developing here.

[pacman7331]

Bears just soooo greedy right now.
licking their lips to break market structure triple bottom.
God save them.

[Ibian]

At this rate I will have to sell one of my boats. Woe. Woe I say.

I was planning to anyway, but wise man say never let chance to Woe pass by.

[El duderino_]

yesterday while we where playing ..... i told my friend about my father from one of my last posts....
he said its very classic situation like those people searching for gold ,    there are those when the riverbed is empty and all the gold is easy to find and pick up .... as the bull run of bitcoin when its easy to jump on    SO they do

and than theres the time that the same river place is full of water and its raining and the place is not fun to be, no gold to be found its deep dawn, but we know its there butt still no nice  time to be there, not wanna do whats necessary to reach that gold .... like when the price is going down and all those that where very intrested @the BULL run and wanna know all there is too know about bitcoin just leave BTC behind

WHILE the smart of us are sitting @the river down in our tent with all of our working tools and all we need for when the river dry's back up and harvest to be made     

[bitebits]

Any old school hodlers cracked yet?

Well, to be honest I did and will continue to crack. (not sure if I qualify for an 'old school holder' though)
Did not plan on it really, but here we are again: adding coins and keep on doing so for anything under $10k.

From a rational point of view it makes little sense, since percentage wise I am not able to add much. It is just that a whole bitcoin feels so incredibly valuable, I can't resist buying some at a hefty discount. Bitcoin is doing better than ever before! I will quote myself in a few years time, laughing about how naive I was: buying under $10k or stop buying above $10k.

I was worried then I remembered I am a minimalist...I only need money for food and rent for the next 2 years.

Awesome, can really relate to that. I have no clue what to do with the fiat money, except for not having to do things if I don't want to.
Bitcoin gives personal freedom, I can go where ever I want to with very little things to arrange.

[kingcolex]

I think we're getting to the phase where the weak hands are either out or so just done they don't give a fuck. This rise and fall will definitely keep a lot of grandma's and first time investors away from the trading scene and sticking to using it without knowing it.

[mike4001]

Can someone make this stop :-/