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

[HairyMaclairy]

Hmmm I thought we were done at $3600. 

Next support is $2,900 to $3,000.  Should be heavily defended.   

[1714206137]

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[1714206137]

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[jonoiv]

one week RSI below 30.  

[babanana]

Current price level is a lifetime opportunity that should not be missed!

Lifetime opportunity is also what they said at 8500 and 6500. Good luck catching this dagger!

Peak of my orders got filled. This is exciting!

3661.30109953   0.10516804   

My order sequence is like a pyramid. Getting bigger as it goes down.

[wayna]

Please all imagine those giant green candles that are ready to pop up when "institutionals" will get officially on board. Everything happens for a reason and I think this got well planned all along. The parabolic rise in 2017 was unreal as this 2018 drop.
Expect fireworks when Etfs and bakkt shit will take off.
That's how I see it.
Bitcoin is an asset for the institutionals. They can't control the instrument (they don't even get it) but sure as hell they can control the price.

Am I being dumb here?

My feeling is pretty much the same. After the huge drop at the end of 2017 I was sure the price would have reset in order to be feasible for many other players to get into the game, new players more organized and aknowledged.

But we shouldn't be too bearish, a price under 1.5k it's unrealistic to me. Institutions want a cheap price to get into the ship with force but they don't want a price that would be affordable for the regular person that is feed by bread and tv. Those people have been already squeezed and scared throughout year (I did some mistakes as well)... now they claim BTC it's pretty much a bubble!

But this is just cycle, they are planning another blast off.

[El duderino_]

Ok, fourth leg down since 6.4K... this is beyond ridiculous....

And what worries me the most is that I am not hearing panic screams, nor cryings, nor anything. Are we fucking still in denial phase?

[greensheep]

Hmmm I thought we were done at $3600. 

Next support is $2,900 to $3,000.  Should be heavily defended.   

If this doesn't bounce, were basically screwed and all crypto with it

[LFC_Bitcoin]

Me in 6 months

[Wekkel]

10 yrs ahead of us: “Buckle in. Cryptocurrencies Could Take Ten Years to Prove Themselves.” by Patrick Tan https://link.medium.com/kGLg67T77R

[bitserve]

I am starting to think that the whales are probably even more scared than we are. Maybe no one is going to save us this time. At least not yet.

[somac.]

Hmmm I thought we were done at $3600.  

Next support is $2,900 to $3,000.  Should be heavily defended.  

If this doesn't bounce, were basically screwed and all crypto with it

Yeah this is pretty shocking, I thought after seeing 2014/15 that nothing could get that bad. but, this drop is the worst I can remember purely because of the lack of buying volume. not 1 damn decent bounce yet. I don't know what to make of it, but its not good.

I am starting to think that the whales are probably even more scared than we are. Maybe no one is going to save us this time. At least not yet.

Yeah I've never seen it like this before.

[marcus_of_augustus]

... it's gonna get bad, the lunatics are in charge of the asylum now.

[HairyMaclairy]

Hmmm I thought we were done at $3600.  

Next support is $2,900 to $3,000.  Should be heavily defended.  

If this doesn't bounce, were basically screwed and all crypto with it

We still have $1166 which is the previous ATH.  Things might get a bit awkward after that.  Also a life changing opportunity.  Just dollar cost average in over the course of 2019.  Don't buy in a single go. 

[maser82]

Hmmm I thought we were done at $3600.  

Next support is $2,900 to $3,000.  Should be heavily defended.  

If this doesn't bounce, were basically screwed and all crypto with it

Yeah this is pretty shocking, I thought after seeing 2014/15 that nothing could get that bad. but, this drop is the worst I can remember purely because of the lack of buying volume. not 1 damn decent bounce yet. I don't know what to make of it, but its not good.

I am starting to think that the whales are probably even more scared than we are. Maybe no one is going to save us this time. At least not yet.

Yeah I've never seen it like this before.

I think most of the people are waiting for the right moment to buy their hats

[somac.]

which exchanges have troll boxes these days? I wouldn't mind checking out the comments to gauge the panic

[dutchlincoln]

Well, i hope that these prices not only shake weak hands, but cause a large drop in difficulty as well, making mining not even more profitable, but more BTC for my hash... What most of you guys are doing with Fiat, i'm doing with mining... I have a cheap location with power included, so the more it goed down and miners quit, the more miners i buy cheap and install..  
Maybe halfway 2019 bullrun can start if you ask me...  

[TeeBone]

Im buying like a Mofo at 3K, even if it aint the bottom it will be defended bigtime and is a good short term trade.

[somac.]

Well, i hope that these prices not only shake weak hands, but cause a large drop in difficulty as well, making mining not even more profitable, but more BTC for my hash... What most of you guys are doing with Fiat, i'm doing with mining... I have a cheap location with power included, so the more it goed down and miners quit, the more miners i buy cheap and install..  
Maybe halfway 2019 bullrun can start if you ask me...  

Thanks for the comment, good to hear from a miner. Do you have any idea of what breakevens would be? not just for you but for others

[HairyMaclairy]

[colombuszka]

Well holy crap, with this rate we will be sub 3k tomorrow lol.

But regarding to a previous post, this whole situation is just a part of the full market cycle.  Just need to be patient to see some greens again.

[Raja_MBZ]

which exchanges have troll boxes these days? I wouldn't mind checking out the comments to gauge the panic

BitMEX's Trollbox can help you with that.