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Question: 1/17 Closing Price:
<$33,000 - 4 (5.3%)
$33,000-$34,000 - 1 (1.3%)
$34,000-$35,000 - 2 (2.6%)
$35,000-$36,000 - 1 (1.3%)
$36,000-$37,000 - 3 (3.9%)
$37,000-$38,000 - 7 (9.2%)
$38,000-$39,000 - 4 (5.3%)
$39,000-$40,000 - 9 (11.8%)
$40,000-$41,000 - 8 (10.5%)
$41,000-$42,000 - 6 (7.9%)
$42,000-$43,000 - 4 (5.3%)
>$43,000 - 27 (35.5%)
Total Voters: 76

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25066674 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.)
Totscha
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December 13, 2018, 11:28:02 AM

Triangle is old news. The question is: where we're now?

I'll tell you in six months Wink
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Majormax
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December 13, 2018, 11:32:09 AM

The way I see it, a retail investor or institutional money would likely choose the real thing (settled in kind) over paper stuff that eventually goes bust. Ease of physical delivery is the winning property.

Sadly as it stands I think it's the opposite.

They're used to paper.  Everything they do is built around it. The futures are provided by names they trust, unlike the physical options. Like most people here they're only after more dollars but at least they're happy to admit it.

They'll have to be dragged into thinking physical is to their benefit. It's alien to how they operate.

There would need to be an army of non traditional finance believers and players to take command of the price via physical options for them to pay attention.

Is that not the same for BTC ?

Most ppl are after more dollars.  When the $$ price of BTC falls it is bad news for them. They are treating BTC like a stock/commodity, and most have an intention to sell (usually only a portion) for fiat.

That makes a lot of intended sales hanging over the market. This could be a very long bear market. I would guess the price needs to get low enough so that every potential seller has actually sold (fear) or is going to hodl (to 0 if needed) because the value of their holding is not enough to be worried about.

Simple Trading Psychology.
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December 13, 2018, 11:38:10 AM

LFC_Bitcoin
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December 13, 2018, 11:40:56 AM

Price is stagnating now... you guys see still a downtrend but we are approaching the end of the year.

Difficult to predict but I sniff a pump before the 31th December.

Let’s hope so, I see more sideways with a potential for slightly lower. I think we’ll rally to over $5,000 by the end of February though.

Regardless of small price movements (and that’s what they are atm imo) ......BTFD!
Yeah, the last consistent crash was on 6 Dec. Perhaps it will stagnate for another week and then something will happen.

Let's also consider some alt prices are very low, if BTC will crash again they could worth a penny, which would be ok for a consequent and fast bull run though.

I’m holding a bag of XRP. Not really bothered about it because I have a hell of a lot more bitcoin but it’s nice to have a bit of something somewhere else. You never know if XRP went to $50-$100 each or something that’d make me a lot of money too.

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December 13, 2018, 11:43:37 AM

Price is stagnating now... you guys see still a downtrend but we are approaching the end of the year.

Difficult to predict but I sniff a pump before the 31th December.

Let’s hope so, I see more sideways with a potential for slightly lower. I think we’ll rally to over $5,000 by the end of February though.

Regardless of small price movements (and that’s what they are atm imo) ......BTFD!

thought your range was more in this direction :6245    LFC_Bitcoin

it would be better Wink



$6245 is over $5000 Wink

I think we’ll start to move upwards in Feb regardless of BAKKT, even if they delay again.

These prices are literally ‘cheap coin’.
Like Hairy said, this is a once in a lifetime opportunity, I am buying more but I just wish I had a lot more fiat.

I agree but I think we will be in this hole or lower until late 2019.  A February recovery is too early for me.  I am buying now just to hedge in case I am wrong.   
El duderino_
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December 13, 2018, 11:47:44 AM

Price is stagnating now... you guys see still a downtrend but we are approaching the end of the year.

Difficult to predict but I sniff a pump before the 31th December.

Let’s hope so, I see more sideways with a potential for slightly lower. I think we’ll rally to over $5,000 by the end of February though.

Regardless of small price movements (and that’s what they are atm imo) ......BTFD!

thought your range was more in this direction :6245    LFC_Bitcoin

it would be better Wink



$6245 is over $5000 Wink

I think we’ll start to move upwards in Feb regardless of BAKKT, even if they delay again.

These prices are literally ‘cheap coin’.
Like Hairy said, this is a once in a lifetime opportunity, I am buying more but I just wish I had a lot more fiat.

I agree but I think we will be in this hole or lower until late 2019.  A February recovery is too early for me.  I am buying now just to hedge in case I am wrong.   

i'm a bit curious, lets say it goes how you are saying it .... longterm that major bullish (and for you best work out road for BTC?) as in healthy etc

let say theres a recovery much sooner ... february-march-may, and a BIG BULLrun following , would you say its more bad or ?

or all the same but just another unexpected road followed by BTC?
somac.
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December 13, 2018, 11:49:05 AM
Merited by Toxic2040 (1)

I don't know if anyone here makes much use of archive.org, but I dabble around with some old 80s computers every now and again and their wayback machine is very helpful for this hobby. In particular, finding old sites that no longer exist. They also have a large collection of old computer magazines that are also a great help.

Anyway, they are looking for donations at the moment with some rich donor matching all donations, and they accept bitcoin, so I decided to send then a bit. Some of you here might be interested in doing the same.
bitmover
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December 13, 2018, 12:00:08 PM

$6245 is over $5000 Wink

I think we’ll start to move upwards in Feb regardless of BAKKT, even if they delay again.

These prices are literally ‘cheap coin’.
Like Hairy said, this is a once in a lifetime opportunity, I am buying more but I just wish I had a lot more fiat.

It really looks like a good opportunity to buy...
But I believe we are going down even further. I will sell some and rebuy. I just can't see my bags growing heavier if we hit 1500-2500...
HairyMaclairy
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December 13, 2018, 12:04:47 PM

Price is stagnating now... you guys see still a downtrend but we are approaching the end of the year.

Difficult to predict but I sniff a pump before the 31th December.

Let’s hope so, I see more sideways with a potential for slightly lower. I think we’ll rally to over $5,000 by the end of February though.

Regardless of small price movements (and that’s what they are atm imo) ......BTFD!

thought your range was more in this direction :6245    LFC_Bitcoin

it would be better Wink



$6245 is over $5000 Wink

I think we’ll start to move upwards in Feb regardless of BAKKT, even if they delay again.

These prices are literally ‘cheap coin’.
Like Hairy said, this is a once in a lifetime opportunity, I am buying more but I just wish I had a lot more fiat.

I agree but I think we will be in this hole or lower until late 2019.  A February recovery is too early for me.  I am buying now just to hedge in case I am wrong.   

i'm a bit curious, lets say it goes how you are saying it .... longterm that major bullish (and for you best work out road for BTC?) as in healthy etc

let say theres a recovery much sooner ... february-march-may, and a BIG BULLrun following , would you say its more bad or ?

or all the same but just another unexpected road followed by BTC?

I think we have gone deep enough that this could be a base for the next bull run (from a technical / charting perspective), especially if we steeply climbed back of our current hole and leveled off at $6k. 

That would be hugely bullish.  I also think it highly unlikely.  I don’t think we will see $6k again before 2020. 
LFC_Bitcoin
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December 13, 2018, 12:06:09 PM

$6245 is over $5000 Wink

I think we’ll start to move upwards in Feb regardless of BAKKT, even if they delay again.

These prices are literally ‘cheap coin’.
Like Hairy said, this is a once in a lifetime opportunity, I am buying more but I just wish I had a lot more fiat.

It really looks like a good opportunity to buy...
But I believe we are going down even further. I will sell some and rebuy. I just can't see my bags growing heavier if we hit 1500-2500...

Good luck but I’d hate to sell & then not be able to afford to rebuy if the price went up from my sell point.
It’s why I don’t actively trade, I just buy & HODL (apart from when I got all my free BCH & BTG - I transferred them into bitcoin & spent them).
HairyMaclairy
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December 13, 2018, 12:06:31 PM

$6245 is over $5000 Wink

I think we’ll start to move upwards in Feb regardless of BAKKT, even if they delay again.

These prices are literally ‘cheap coin’.
Like Hairy said, this is a once in a lifetime opportunity, I am buying more but I just wish I had a lot more fiat.

It really looks like a good opportunity to buy...
But I believe we are going down even further. I will sell some and rebuy. I just can't see my bags growing heavier if we hit 1500-2500...

Hi

I would be interested to know more.  Can you tell us whether you have sold some previously since the peak, and your thinking?
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December 13, 2018, 12:07:24 PM

i bought a bit more just in case but most of my ammo still not loaded, will average down anyway if needed

looks like we're in a mini triangle, breakout soon up or down imo
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December 13, 2018, 12:12:44 PM

i bought a bit more just in case but most of my ammo still not loaded, will average down anyway if needed

looks like we're in a mini triangle, breakout soon up or down imo

It’s a 10 month downtrend.  Odds are you break down. Trend is your friend.   Eventually you will break up but you don’t know when that will be.  
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December 13, 2018, 12:12:59 PM

Yeah, mini triangle is very visible. Maybe we'll go up this time. A little bit.
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December 13, 2018, 12:13:46 PM

It really looks like a good opportunity to buy...
But I believe we are going down even further. I will sell some and rebuy. I just can't see my bags growing heavier if we hit 1500-2500...

Did you do the same at $20,000?

Cos that was ever so slightly a better time to do it.
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December 13, 2018, 12:21:57 PM

i bought a bit more just in case but most of my ammo still not loaded, will average down anyway if needed

looks like we're in a mini triangle, breakout soon up or down imo

It’s a 10 month downtrend.  Odds are you break down. Trend is your friend.   Eventually you will break up but you don’t know when that will be.  

i still think 2000-1500 will be in many months if that happens, we should bounce before going to these extreme lows. Future will tell. Anyway, stay cautious guys, never go full retard Smiley
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December 13, 2018, 12:46:28 PM

I don’t think we will see $6k again before 2020. 

You literally inviting JJG to call you a party pooper, with that kind of talk.  Roll Eyes
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December 13, 2018, 12:49:01 PM

It really looks like a good opportunity to buy...
But I believe we are going down even further. I will sell some and rebuy. I just can't see my bags growing heavier if we hit 1500-2500...

Did you do the same at $20,000?

Cos that was ever so slightly a better time to do it.

No... I sold a few a 7k :/

Hard decision now. But I am not ready to lose my money. And I don't see a recovery anytime soon.
I guess i will sell my Altcoins at least. Not much, but I will feel better.
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December 13, 2018, 12:51:19 PM

I don’t think we will see $6k again before 2020.  

You literally inviting JJG to call you a party pooper, with that kind of talk.  Roll Eyes


In the words of JJG -

‘Get the fuck outta here with your bearish predictions HM’

Wink

Only joking but I do hope you’re wrong. It would match the last cycle though. We were boring, sideways for the whope of 2015 if I remember correctly.
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December 13, 2018, 12:55:38 PM

i bought a bit more just in case but most of my ammo still not loaded, will average down anyway if needed

looks like we're in a mini triangle, breakout soon up or down imo

It’s a 10 month downtrend.  Odds are you break down. Trend is your friend.   Eventually you will break up but you don’t know when that will be.  

i still think 2000-1500 will be in many months if that happens, we should bounce before going to these extreme lows. Future will tell. Anyway, stay cautious guys, never go full retard Smiley

$1337 bottom? Wink weeee
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