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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25464477 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (157 posts by 13+ users deleted.)
mindrust
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June 13, 2018, 08:10:38 AM
Last edit: June 13, 2018, 08:37:53 AM by mindrust
Merited by LoyceV (1), Last of the V8s (1)

This recent dump has something to do with the upcoming interest rate hikes from FED.

The main question here is;

Is the US strong enough to carry anything above %2-2.5?

We all know they were lying in 2008. That's why they had to go from %5 to %0.25. And what makes us think they aren't lying now? The same crooks were in charge of money back then, as they are now.

The whole system has collapsed in 2008. They tried to get away with 1 big sacrifice *Lehmann Bros * in exchange for another 10 years of extension time in this scam system. It has expired.
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dmwardjr
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June 13, 2018, 08:22:29 AM

We all know this recent dump has something to do with the upcoming interest rate hikes from FED.

The main question here is;

Is the US strong enough to carry anything above %2-2.5

We all know they were lying in 2008. That's why they had to go from %5 to %0.25

And what makes us think they aren't lying now? The same crooks were in charge of money back then, as they are now.

Bingo!  Thanks for pointing out it's the same crooks lying to us now as before Trump ever got into office.

The Federal Reserve also knows as they increase the interest rate, it makes the US dollar and treasuries more attractive than the FIAT and treasuries of other countries.  Especially, if those other countries have a lower interest rate.  Some are even in negative interest rates.

Many of those countries also pay off their debts in dollars.  If their currency becomes less valuable against the dollar, it requires them to use more of their own currency to buy dollars to pay off debts.  This in turn increases the stress on their economy because of having to use more of their tax receipts to service debts owed in US dollars; and thereby making their FIAT (currency) less attractive; resulting in dump against the dollar.

Of course, their are many more things to discuss and/or take into account in regards to "stressed" economies and/or financial systems.  We're definitely in a currency war and crypto is caught up in the middle of it.  At least crypto will be caught up in the middle of it soon in countries still controlled by the Central Banking System.

Below, is a great video by Andreas Antonopoulus in regards to crypto and currency wars:  

"Andreas Antonopoulos - Currency Wars and Bitcoin's Neutrality" - https://www.youtube.com/watch?v=6ZCVQHtD2l4&t=1973s
luckygenough56
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June 13, 2018, 08:23:50 AM

triple bottom zone, please post accordingly
Totscha
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June 13, 2018, 08:36:48 AM

triple bottom zone, please post accordingly

So, we have a short rally to 10k, followed by a year(s) long bear market with prices in the 3k range?

Is this what you meant?
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June 13, 2018, 08:47:10 AM

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 Smiley

3k can take months/years to come
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June 13, 2018, 08:50:46 AM

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








luckygenough56
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June 13, 2018, 08:53:18 AM

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










From that perspective, totally possible too. I like it.
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June 13, 2018, 08:56:00 AM

after 2 years $ 1 000 000 will be Smiley
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June 13, 2018, 09:00:52 AM

after 2 years $ 1 000 000 will be Smiley

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.
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June 13, 2018, 09:06:43 AM
Merited by El duderino_ (1)

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 Smiley

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.
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June 13, 2018, 09:17:17 AM

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 Smiley

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

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June 13, 2018, 09:24:20 AM

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 Smiley

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...
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June 13, 2018, 09:49:44 AM

Sold all of my BTC now.
 Undecided

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 "  Grin  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 ??
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June 13, 2018, 09:52:06 AM

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 Smiley

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.
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June 13, 2018, 09:53:13 AM

BTC Dominance: 40  Grin

Can we get a new poll, at which price point will the miners run out of spare funds to support bcash?
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June 13, 2018, 09:53:47 AM

Gox closes in 2014, still getting goxxed in 2018.
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June 13, 2018, 09:57:34 AM
Merited by infofront (1)

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.
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June 13, 2018, 10:05:55 AM





Volume down = price down NO matter how strong is support.
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June 13, 2018, 10:10:15 AM
Merited by BobLawblaw (1), silverfuture (1)

am ready for anything bring it on bitcorn. Am a very patient man.
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June 13, 2018, 10:11:15 AM
Last edit: June 13, 2018, 10:27:10 AM by 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.
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