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

[marcus_of_augustus]

the best answer at this point is clearly "now is the best time to buy bitcoin!!"

Telling your family to buy a crashing asset class that will take years to turn around is not entirely in the Christmas spirit. But it's your call, man.

... it's just the ones sending messages gloating about how much bitcoin is crashing (the part you cut out of the quoted reply), all's fair in family, man.

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[d_eddie]

Apparently, interest for the Swiss ETP seems minimal :

https://www.newsbtc.com/2018/11/26/amun-crypto-etp-launch-sees-minimal-interest-fails-to-curb-bears/

And deservedly so.

Do we really need a product (a note, not a fund) that is based on issuer debt? It's not even tracking bitcoin, but rather a mixed basket of crypto. Next up, please...

[empowering]

It doesn't look like much of a double bottom if you look at the daily chart

I'm not convinced by the volume at these levels

Going to test $3150 ish  at least imo maybe not today, maybe not tomorrow.. but I do think we are going to test that region

I wasn't referring to double bottom, actually. The support at the range $3450-$3550 looks good with active bulls behind it. It's going to be extremely tough for bears to break it down, IMO.

Fair play, don't get me wrong I have dipped my toe in for first time in over a year at $3500, but I think we have moar downside n doooooooom coming, and am saving plenty of dry ammo,  like I say volume at this level not convincing me .... and then there is the lack of a distinct bounce. 200 week MA is around $3150, and I think even though we may have a relief rally ultimately I think we will test it at some point over the coming days or weeks, and maybe bounce there at $3150-$3200 ish , and if not then I see a few more weak potential areas of supports in the 2000s though $2800 perhaps, though it would not surprise me at all to see the 2000's melt to at least to $2200 (in the event $3150 or $2800 does not hold I mean)  if that fails holy shit we are going to $1150. Not touching leverage unless we drop into the low $2000s at least or lower. Have bought some at $3500 and if the train leaves without me that's fine. Ultimately I am bearish until we break $5800 with volume, and I do not have appetite to buy above $3500 with the current volume or recent price action/trend.

Just me though

 

[El duderino_]

via Imgflip Meme Generator

Mars landing ? LoL
#buyBTC

Haha

[BTCMILLIONAIRE]

Apparently, interest for the Swiss ETP seems minimal :

https://www.newsbtc.com/2018/11/26/amun-crypto-etp-launch-sees-minimal-interest-fails-to-curb-bears/

And deservedly so.

Do we really need a product (a note, not a fund) that is based on issuer debt? It's not even tracking bitcoin, but rather a mixed basket of crypto. Next up, please...

No, we don't. But the pleb investors do. Every bit helps adoption. Also, this one physically settles the BTC & co if I recall correctly.

[Wekkel]

Boy, are you a negative bunch or what?

Nice attempt at bottom forming on the daily RSI.

[d_eddie]

Shht! Don't disturb. Rehearsing capitulation.

[PoolMinor]

Good morning all.

This is pretty much it... Today we decide if the Bear market continues or if we are at a swing low point imho. $3522.28 has been the daily low..so I would say unless we close above $3.8k or so it will invalidate that potential. #BTFD.

Good luck to the hodl'ers out there. #stronghands

1h



4h



D

Could be seeing a H+S pattern indicating a continuation on bear trend. 15 minute chart showing it best (showing 30 minute chart now), will need to drop below $3600.







https://forums.babypips.com/t/head-and-shoulder-forming-in-a-down-trend-not-the-inverse-version/73471/7

[empowering]

ps - long term I am bullish AF and see this as a great time to start accumulating and catching that knife, its already fallen 80% from ATH, so who cares about another 10%? I am also accumulating NEO hand over fist if it goes to under $4, at around $3.5 it would be around x44 off of its ATH and they are going to have a good few years coming up  2019 and 2020 (at least once the market starts to move again) in my opinion.

Overall bullish, short term I am expecting some more chop and testing of downside for confirmation of support... I just wonder if we have more capitulation to come until we get a discernible bounce.

Worst fear tbh is a torturous sideways meandering range bound ass bleedingly boring 9 month long gestation period... frankly I'd prefer a violent and blunt capitulation and bounce

[yefi]

Personally I'm all in favor of of it.

As long as we get gene upgrades. I'm not having some baby in diapers outmanoeuvring me.

[BTCMILLIONAIRE]

Personally I'm all in favor of of it.

As long as we get gene upgrades. I'm not having some baby in diapers outmanoeuvring me.

Leave BCash alone, I mean it.

[julian071]

I liked this show, entertaining, has some key players in front of the camera: https://www.youtube.com/watch?v=i2a4ID46r_Y&t=1889s

[BTCMILLIONAIRE]

To the doom.

[El duderino_]

[xhomerx10]

20/11/2018 Globb0

I lost on this one as usual I don't mind.

My birthday tomorrow.       wooop

 Hey I got to thinking (but not really quickly enough due to age related issues) that we should have a birthday hat!  If it's your birthday and you want the good people (as well as the deplorables) of this forum to know, you can wear a the birthday hat for your day.

 Happy Birthday!

[empowering]

#usefakebirthdateforultimateopsec

[BTCMILLIONAIRE]

My birthday tomorrow.       wooop

Happy birthday!

[El duderino_]

have it in my books "that hat" will wear it in a approximately 7 months....

[xhomerx10]

You can always wear it on your name day just to throw people off too

[El duderino_]

#usefakebirthdateforultimateopsec

aaah gonna do that, very important to hide my birthday, such critical info