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

[JayJuanGee]

Something is right this time when the price is raising slowly and there's no rockets (please, don't!) here.

Here's my first Rocket pic, just to attempt to annoy you by doing the opposite.       

[1714292360]

1714292360

[1714292360]

1714292360

[1714292360]

1714292360

[jojo69]

even if he might have a few grating personality attributes. 

...

bastard

you're working my shtick

[bitserve]

Something is right this time when the price is raising slowly and there's no rockets (please, don't!) here.

Here's my first Rocket pic, just to attempt to annoy you by doing the opposite.      

I am going to bed. If you have jinxed it with your irresponsible and reckless attitude you will have to cope with the consequences. Good night.

[JayJuanGee]

even if he might have a few grating personality attributes. 

...

bastard

you're working my shtick

This is how I imagine the V8 / Jojo collaboration:



 

[JayJuanGee]

Something is right this time when the price is raising slowly and there's no rockets (please, don't!) here.

Here's my first Rocket pic, just to attempt to annoy you by doing the opposite.      

I am going to bed. If you have jinxed it with your irresponsible and reckless attitude you will have to cope with the consequences. Good night.

Try not to dream in the nightie, nightie about the curvy, curvy parts.. .

Also, by the way, price is going to have to* meaningfully correct at some point... Whether that point is sub $4,200 or sub $4,600 or sub $5k, surely I don't know.  I could not imagine the BTC price going above $5k without some kind of significant and material correction of at least 30%.**  We will see.  We will see.

*when I use the expression "have to" I am not talking about 100%, but I am suggesting really high odds, like more than 75%

**when I use the expression "at least 30%" I am suggesting that level of correction would create the most healthy bitcoiny kind of price dynamics, that a 15% or 20% correction might not be sufficiently enough in order to prepare for the next leg UPwards

[HairyMaclairy]

A 30% correction from $4200 is $2950.  

Not happening. That boat has sailed.  

[Biodom]

A 30% correction from $4200 is $2950.  

Not happening. That boat has sailed.  

it could happen...just on a single exchange  

PS the local bull could be easily explained away by btc buying in anticipation of the new miners becoming available for purchase on April 9.
Once this passes, it could correct, but, alternatively, current momentum could build further. Not buying or selling.

[Icygreen]

Alright boys and girls, action time!   Just feeling it 

[jojo69]

what's up with litecoin tho?

[JayJuanGee]

A 30% correction from $4200 is $2950.  

Not happening. That boat has sailed.  

O.k.  Fuck.. why do you always have to be so right...  

What I was trying to say was that if the BTC price goes above $5k in this cycle or has some kind of ongoing UPwards, then we are going to need some decent level of corrections along the way.. so perhaps we would need to get close to $6k before the 30% plus correction becomes a kind of necessity?  

remember in late 2015, when BTC price shot up from about upper $200s to $500, and then corrected back down to $300? that was a 40% correction.   And remember in 2017, we had at least 3, maybe even 4 30% plus BTC price corrections.. before the last run up in November/December to $19k?

[JayJuanGee]

what's up with litecoin tho?

You are the worst.  That's all I have to say about you and your litecoin mumbo jumbo.

In other words, who gives a ratt's ass about litecoin?

And there she blows, by the way, as I type.. supra $4,200 and going above $4,260.... whoaza!!!!

Edit:  Holly moley.. .up to $4390

[Paashaas]

Bear market is over enjoy the cup and handle closing pattern.

[BTCMILLIONAIRE]

Green dildo army.

[Bitcoinaire]

This is fine.

[jojo69]

oh wow

that...would be a higher high

[Toxic2040]

hello beautiful

[BTCMILLIONAIRE]

And I was just about to go to sleep.

[Lambie Slayer]

https://www.reddit.com/r/BitcoinMarkets/comments/b8e7fm/daily_discussion_tuesday_april_02_2019/

bithasher
Bullish
4 points
·
22 minutes ago
"Could this be the start of a rally based on tax refunds? It's well known that retails sales benefit from tax refund season. The end of the last bull cycle happened in December 2017. I suspect that a lot of people sold some bitcoin to cover their massive gains at the end of 2017. As we all know, the price was in constant decline in 2018. So, the majority of people probably have losses in 2018. Therefore, less need to sell some bitcoin to cover their taxes and a lot of people are probably able to claim losses which would increase their tax refund. What else to do with your tax refund but to buy some bitcoins? Especially, if the price starts heading up. The next couple of weeks could be interesting."

[jojo69]

I, uh, think there might be some resistance around 4800?

[Spaceman_Spiff_Original]

Weeeeee !