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Question: Will we close Nov. at or above Plan B's posited minimum of $98K?
Yes - 43 (37.1%)
No - 73 (62.9%)
Total Voters: 116

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25497210 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. (158 posts by 14 users with 9 merit deleted.)
HairyMaclairy
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December 06, 2018, 07:56:43 AM

There is some serious intellectual firepower in this thread. I wouldn’t be surprised if there weren’t a couple of Nobel laureates lurking. 
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December 06, 2018, 07:57:53 AM
Last edit: December 06, 2018, 08:08:16 AM by mindrust

If we see under $3k, its likely to headed for $1300 says Tone Vays. Also bearish as fuck.
https://www.youtube.com/watch?v=UhJNRniTaRY

Rip.

Combine it with this:
https://www.tradingview.com/chart/BLX/z2j5Lj2F-BTC-longterm-projection/
and these:
https://www.tradingview.com/chart/BTCUSD/4JxEfg1a-Will-we-ultimately-see-a-textbook-flat-correction-since-ATH/
https://www.tradingview.com/chart/BTCUSD/Xl1vgUTj-Bitcoin-Long-Term-Trend-Analysis-A-near-term-clue/

See you in 2022
serveria.com
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December 06, 2018, 08:10:57 AM

Lil morning (Europe time) pump anyone?  Cool
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December 06, 2018, 08:19:17 AM



Difficult to know what December 2018 and thereafter is going to bring in terms of BTC price performance, but I am having some doubts that in the short-term shorting BTC is going to be nearly as lucrative as it was in either 2014 or 2018...   but what do I know?  



The medium to long term price is relatively easy to predict... only shorter term is difficult.

However, atm the price is in a very steady downtrend, so expect more of the same. The only interruption will be the odd sharp rally over the next few months, but the trend is still down.

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December 06, 2018, 08:21:50 AM

ETH now manfully engaged in the fight to become a double digit shitcoin.

Will it pull it off?

With aplomb.

Of course.. ETH can manage anything !
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December 06, 2018, 08:48:43 AM

I hear that Thursdays are for meeting a nice Jewish girl before the Sabbath





 Kiss


lel


https://www.youtube.com/watch?v=2fmo1Sjn7dg
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December 06, 2018, 08:52:31 AM

Nice green dildo, missed the shot Huh, I expected it below, we fight again for 3800, another day of the marmot.
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December 06, 2018, 08:58:31 AM

ETH now manfully engaged in the fight to become a double digit shitcoin.

Will it pull it off?

With aplomb.

Of course.. ETH can manage anything !



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December 06, 2018, 08:59:30 AM


Nice!
Richard D James
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December 06, 2018, 08:59:48 AM

If we see under $3k, its likely to headed for $1300 says Tone Vays. Also bearish as fuck.

I was just listening to him and no disrespect but anyone can get ahead of themselves.    He called it himself, RSI as massively oversold.    A bear market can have sharp spikes upwards, I wish it was so easy that it just moved in one direction because thats free money right with no worry.   This recent action seems to highlight the market is unlikely to move down without resistance, even to be negative it has to wear out buyers first.

So price is now about 50% retraced from 4100 and 3879 would be 61%   I think any bears will come back in about 4000 which is the 8 day average and a round number which always seems to be a thing

Im not guessing anything like a trend down, nothing neat like that.  Its more like a straight range we trade in
gembitz
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December 06, 2018, 09:01:06 AM

If we see under $3k, its likely to headed for $1300 says Tone Vays. Also bearish as fuck.

I was just listening to him and no disrespect but anyone can get ahead of themselves.    He called it himself, RSI as massively oversold.    A bear market can have sharp spikes upwards, I wish it was so easy that it just moved in one direction because thats free money right with no worry.   This recent action seems to highlight the market is unlikely to move down without resistance, even to be negative it has to wear out buyers first.

So price is now about 50% retraced from 4100 and 3879 would be 61%   I think any bears will come back in about 4000 which is the 8 day average and a round number which always seems to be a thing

$1500 is the trigger spot Wink weeeee
Hexah
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December 06, 2018, 09:37:57 AM


$1500 is the trigger spot Wink weeeee

go lower to $1000 Roll Eyes
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December 06, 2018, 09:43:55 AM
Last edit: December 06, 2018, 01:22:26 PM by virtual2018

Bitcoin prices continue to fall today, may be affected by this news right?
https://coingeek.com/chiles-supreme-court-decides-against-crypto-exchange/
Quote
Chile’s Supreme Court decides against crypto exchange
The Supreme Court in Chile has issued a decision allowing the state bank Banco del Estado de Chile to close the account of cryptocurrency exchange Orionx on concerns over the nature of transactions being conducted on the exchange.

The ruling, reported by local news outlet Emol, reverses earlier decisions of the country’s Court of Appeals, and its anti-monopoly court, that had allowed the bank accounts of Orionx and several other plaintiffs to remain open.

According to the Supreme Court’s third division, the bank did not violate the Constitution, and that its acts did not arbitrarily curtail Orionx’s rights.

The decision stated that the assets being traded by Orionx, including ETH, XRP, LTC, and BTC, lacked physical manifestation and had “no intrinsic value,” in that they were not backed by any government or company. Rather, the digital currencies were viewed as controlled in a decentralized network of users.

The Supreme Court said that because of the nature of the assets, the bank could not comply with regulations requiring specific identities involved in transactions, which made the closure of the accounts justifiable.

The Banco del Estado de Chile was one of 10 banks that had closed accounts of cryptocurrency-related companies. Aside from Orionx, Buda and Crypto MKT had filed complaints with the anti-monopoly court of Chile. The move of banks to deny services to those in the cryptocurrency sector had been criticized as the act of a few in positions of power, who had not recognized measures put up by the companies to promote transparency and security.

Other countries’ banking sectors have shown greater openness to provide services for those using blockchain and cryptocurrencies, though not without conflict among regulators. Switzerland, where ‘Crypto Valley’ Zug is located, has had the government study how blockchain companies could be assisted in opening up bank accounts. Also, the Hypothekarbank Lenzburg has moved to accommodate such companies. However, the Swiss Financial Market Supervisory Authority (FINMA) has maintained a tough stance, requiring invested cryptocurrency assets to be covered by eight times their amount in fiat, to take into account the perceived risk associated with volatility of cryptocurrencies.
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December 06, 2018, 09:44:27 AM
Merited by VB1001 (1)

If we see under $3k, its likely to headed for $1300 says Tone Vays. Also bearish as fuck.

I was just listening to him and no disrespect but anyone can get ahead of themselves.    He called it himself, RSI as massively oversold.    A bear market can have sharp spikes upwards, I wish it was so easy that it just moved in one direction because thats free money right with no worry.   This recent action seems to highlight the market is unlikely to move down without resistance, even to be negative it has to wear out buyers first.

So price is now about 50% retraced from 4100 and 3879 would be 61%   I think any bears will come back in about 4000 which is the 8 day average and a round number which always seems to be a thing

Im not guessing anything like a trend down, nothing neat like that.  Its more like a straight range we trade in

Now you mentioned RSI, here is my pro level RSI TA:



 Grin

Edit: I see RSI hit 30 in September 2014 one more time on that 5year chart so, maybe we lose another %50, which means $2k.
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December 06, 2018, 09:51:33 AM
Merited by mOgliE (2)

Leave everything aside, That's what i see when I look at this chart.



Now I want to sell half of my shit so bad but I probably won't.
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December 06, 2018, 09:58:02 AM

If we see under $3k, its likely to headed for $1300 says Tone Vays. Also bearish as fuck.

I was just listening to him and no disrespect but anyone can get ahead of themselves.    He called it himself, RSI as massively oversold.    A bear market can have sharp spikes upwards, I wish it was so easy that it just moved in one direction because thats free money right with no worry.

"Oversold" just means the trend is strong. Look at RSI against the bull trend last year. "Overbought" didn't mean anything. Price just kept pushing. The same can happen here.

On the flip side, I'm noticing a lot of $1,000 and $1,500 calls. People are forecasting carnage worse than 2011. Bears are getting bold. This happens near long term bottoms.
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December 06, 2018, 09:59:51 AM

Leave everything aside, That's what i see when I look at this chart.



Now I want to sell half of my shit so bad but I probably won't.

That's some good TA.

I trade with such TA in mind.

I'm like "what is the  next move to make the graph beautiful?".
Until now it has worked pretty well.
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December 06, 2018, 10:13:25 AM
Last edit: December 06, 2018, 10:48:47 AM by marcus_of_augustus

If we see under $3k, its likely to headed for $1300 says Tone Vays. Also bearish as fuck.

I was just listening to him and no disrespect but anyone can get ahead of themselves.    He called it himself, RSI as massively oversold.    A bear market can have sharp spikes upwards, I wish it was so easy that it just moved in one direction because thats free money right with no worry.

"Oversold" just means the trend is strong. Look at RSI against the bull trend last year. "Overbought" didn't mean anything. Price just kept pushing. The same can happen here.

On the flip side, I'm noticing a lot of $1,000 and $1,500 calls. People are forecasting carnage worse than 2011. Bears are getting bold. This happens near long term bottoms.

doublings and halvings (not halvenings) ... to drop from 20k to 4k btc has reduced to a fifth of it's former market value, people who are predicting 1k are the flip side short equivalent to the bulls predicting another 4x rise after a 5x rise in the mania of a bull run.

Shorts are drunk with greed at this point, they feel bullet-proof, anything is possible ... sure why not another 4x of gains on top of 5x, makes sense, not.

At best/worst, we get a manic, v. brief spike down to $2.5k, maybe 2k (unlikely) and then powerful rebound ... and the next rise begins.
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December 06, 2018, 10:17:06 AM

Leave everything aside, That's what i see when I look at this chart.



Now I want to sell half of my shit so bad but I probably won't.

That's some good TA.

I trade with such TA in mind.

I'm like "what is the  next move to make the graph beautiful?".
Until now it has worked pretty well.
And where in this "good" TA is the buy support? If you have 100K BTC support at certain price do you think your TA would work? This confirms my obseravations that the reason we are here are the n00b traders who only look at the charts and compare 2014 and 2018. The price may fall if there is no support and go up if there are enough buyers. It is as simple as that.
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December 06, 2018, 10:18:05 AM
Merited by ivomm (1)

If we see under $3k, its likely to headed for $1300 says Tone Vays. Also bearish as fuck.

I was just listening to him and no disrespect but anyone can get ahead of themselves.    He called it himself, RSI as massively oversold.    A bear market can have sharp spikes upwards, I wish it was so easy that it just moved in one direction because thats free money right with no worry.

"Oversold" just means the trend is strong. Look at RSI against the bull trend last year. "Overbought" didn't mean anything. Price just kept pushing. The same can happen here.

On the flip side, I'm noticing a lot of $1,000 and $1,500 calls. People are forecasting carnage worse than 2011. Bears are getting bold. This happens near long term bottoms.

A lot of people who predict those kind of prices here are doing it for personal reasons, trying to convince/scare weak hands to sell. People predicting prices that low probably aren’t happy with their bitcoin stash & want it to go that low so they can increase their stash.

I wouldn’t trust anybody predicting uber low prices.
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