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Question: What year will we achieve a new ATH?
2019 - 34 (29.1%)
2020 - 45 (38.5%)
2021 - 29 (24.8%)
2022 - 5 (4.3%)
2023 - 1 (0.9%)
Never - 3 (2.6%)
Total Voters: 117

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21173653 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. (23 posts by 12 users deleted.)
RivAngE
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May 14, 2019, 09:19:48 AM
Merited by HairyMaclairy (1)

Finally some movement in price after so long this is really good and hope this will continue in next days or weeks to come.


Don't get distracted by "the next days or weeks" though, focus more on the "next years".
I believe this pump is at least 50% artificial, I see a lot of TetherUSD trading and I don't trust this thing. There's also the FUD for the trade-war which is causing investors to turn away from the stock market and maybe at some level away from fiat too.

I don't think the trade-war fears will last and when things seem to be getting better, some investors will at least take some profit from BTC and return some cash to the stock market. This alongside the suspicious TetherUSD trading makes me nervous about the sustainability of the pump.
Well, maybe FOMO will trample upon everything in the end! Cheesy I'm fine with either direction in the short-term.
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May 14, 2019, 09:20:34 AM

When the finger is fatter than the FOMO:



This is going to be the LOL of the day..
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May 14, 2019, 09:22:56 AM

If (and I stress the if here) this pump caused by the panic to trade tether for and withdraw Bitcoins from Bitfinex causing a big premium and dragging the other exchanges up in price along with Bitfinex, then..... it might stand to reason that now that the premium is on the other exchanges and the news is out that they secured 1 billion to back tether, then we can expect the dump to take place as Bitfinex this time drags every exchange down until the premium is gone.

Im more of the opinion that Bitfinex merely sparked the pump and then it took a life of its own due to fortunate timing, however that would mean they could just as easily spark the dump and the dump could take a life of its own taking us back to 6, 5, or even 4k ranges(with 5 being most likely imo if we go into full on dump mode).

Hi! May I know where you got the info that Tether triggered all this? I want to check and review myself if you could give me some source. I thought the market is going up because of people investing back to cryptocurrency. I hope this continue to rise so the market gets to attract more people into crypto.

Hello. Do you remember when Bitfinex had a bank run as demonstrated by its cold wallets? Tether holders were in a panic and trading for Bitcoin to exit Bitfinex. There is not so much one source as it was pehaps the main story in Crypto for weeks and widely reported on by many sources. The premium for Bitfinex Bitcoins was pretty large at one point and proof that people were scared and willing to pay a high price to exit Tether and Bitfinex. Its highly likely this forced buying at least started the pump, the question is how much of it was forced buying and if and when did natural buying forces take over. Was tether the match, or was it the match and the burning house. What happens next will give us some clues.
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May 14, 2019, 09:23:07 AM



I hope that is not meant to be TA, because if so that is the stupidest shit I have ever seen.

Looks like a teeter totter to me

Bearish engulfing candle on the 2 hour as just after it attempted this trend line.  6k in a couple days imo

1.  No one cares about the 2hr

2.  Don’t count your candles before they close

3.  A single candle means nothing without follow through.

If you want long term indicators what about the 1 week RSI being at 77.5.  In the whole history of bitcoin it's never been that high without a major retrace.   6500 minimum.    As much as it looks buoyant right now that will not last too long.  It's massivly over brought based on lies atm

edit:  i meant over brought Cheesy
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May 14, 2019, 09:25:34 AM

Trading volume over $100B. Shocked

$10k this weekend.
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May 14, 2019, 09:27:05 AM

If (and I stress the if here) this pump caused by the panic to trade tether for and withdraw Bitcoins from Bitfinex causing a big premium and dragging the other exchanges up in price along with Bitfinex, then..... it might stand to reason that now that the premium is on the other exchanges and the news is out that they secured 1 billion to back tether, then we can expect the dump to take place as Bitfinex this time drags every exchange down until the premium is gone.

Im more of the opinion that Bitfinex merely sparked the pump and then it took a life of its own due to fortunate timing, however that would mean they could just as easily spark the dump and the dump could take a life of its own taking us back to 6, 5, or even 4k ranges(with 5 being most likely imo if we go into full on dump mode).

Hi! May I know where you got the info that Tether triggered all this? I want to check and review myself if you could give me some source. I thought the market is going up because of people investing back to cryptocurrency. I hope this continue to rise so the market gets to attract more people into crypto.

I'm using this site to see where the volume is,
https://coinlib.io/global-crypto-charts#money_flow

And here you can read articles about the subject,
https://www.coindesk.com/tag/tether
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May 14, 2019, 09:28:24 AM
Merited by Gyrsur (1), fillippone (1)



Almost Roll Eyes     (148 new replies) Roll Eyes
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May 14, 2019, 09:31:29 AM

One Question

when 5-digits

When 12344? (or was it 12688 or smth?)

12288$ (@that time 10K €....)


Yeah time to update those lists, pffffffff where are they again, deep surge, or does anyone got them close Cheesy

And why never put in something yourself?

Or do I need to make a Bcash game (F*** only one player, you would always win) Tongue
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May 14, 2019, 09:35:18 AM



Almost Roll Eyes     (148 new replies) Roll Eyes

I expect a denial of service of bitcointalk.org soon.  Wink
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May 14, 2019, 09:47:15 AM

its still quite in the media about this recent rise.

People are unaware about the recovery, we still have room to grow
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May 14, 2019, 09:53:44 AM


If you want long term indicators what about the 1 week RSI being at 77.5.  In the whole history of bitcoin it's never been that high without a major retrace.   6500 minimum.    As much as it looks buoyant right now that will not last too long.  It's massivly over brought based on lies atm

edit:  i meant over brought Cheesy

Long range RSI was above 77 for most of the year prior to the December 2017 top. It was also above it back in June 2016 and in fact only dipped below 70 from July to October 2016.

It was at 90 when the bitcoin price was still below $1000.

Depends what chart range you look at. Quoting any indicator is meaningless without a qualifying chart range - it can show one trend at one range and a completely different value (and trend) at another.
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May 14, 2019, 10:00:26 AM
Merited by Wekkel (1), infofront (1)


If you want long term indicators what about the 1 week RSI being at 77.5.  In the whole history of bitcoin it's never been that high without a major retrace.   6500 minimum.    As much as it looks buoyant right now that will not last too long.  It's massivly over brought based on lies atm

edit:  i meant over brought Cheesy

Long range RSI was above 77 for most of the year prior to the December 2017 top. It was also above it back in June 2016 and in fact only dipped below 70 from July to October 2016.

It was at 90 when the bitcoin price was still below $1000.

Depends what chart range you look at. Quoting any indicator is meaningless without a qualifying chart range - it can show one trend at one range and a completely different value (and trend) at another.

Please stop talking shit


SInce 2011


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May 14, 2019, 10:03:56 AM



Bearish engulfing candle on the 2 hour as just after it attempted this trend line.  6k in a couple days imo

1.  No one cares about the 2hr

2.  Don’t count your candles before they close

3.  A single candle means nothing without follow through.


Candle closed,  it's bearish
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May 14, 2019, 10:06:49 AM
Merited by Last of the V8s (1)


If you want long term indicators what about the 1 week RSI being at 77.5.  In the whole history of bitcoin it's never been that high without a major retrace.   6500 minimum.    As much as it looks buoyant right now that will not last too long.  It's massivly over brought based on lies atm

edit:  i meant over brought Cheesy

Long range RSI was above 77 for most of the year prior to the December 2017 top. It was also above it back in June 2016 and in fact only dipped below 70 from July to October 2016.

It was at 90 when the bitcoin price was still below $1000.

Depends what chart range you look at. Quoting any indicator is meaningless without a qualifying chart range - it can show one trend at one range and a completely different value (and trend) at another.

Please stop talking shit


SInce 2011




Major downtrend??? you kidding right? the only downtrend is after the 2013 and 2017 highs all the ones before that are corrections. Corrections are normal and honestly what is needed at the moment.
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May 14, 2019, 10:10:09 AM


If you want long term indicators what about the 1 week RSI being at 77.5.  In the whole history of bitcoin it's never been that high without a major retrace.   6500 minimum.    As much as it looks buoyant right now that will not last too long.  It's massivly over brought based on lies atm

edit:  i meant over brought Cheesy

Long range RSI was above 77 for most of the year prior to the December 2017 top. It was also above it back in June 2016 and in fact only dipped below 70 from July to October 2016.

It was at 90 when the bitcoin price was still below $1000.

Depends what chart range you look at. Quoting any indicator is meaningless without a qualifying chart range - it can show one trend at one range and a completely different value (and trend) at another.

Please stop talking shit


SInce 2011




Major downtrend??? you kidding right? the only downtrend is after the 2013 and 2017 highs all the ones before that are corrections. Corrections are normal and honestly what is needed at the moment.

semantics.  point is 6500 incoming at least.
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May 14, 2019, 10:13:06 AM


semantics.  point is 6500 incoming at least.

toknormal could say the same about your response.

Look, I mean no offense here, but look at the chart first then make an opinion from that. Don't have an opinion first then match the chart to that opinion.

a correction to 6500 would be healthy.
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May 14, 2019, 10:15:34 AM
Merited by 600watt (1)

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May 14, 2019, 10:22:22 AM

F***ING UNBELIEVABLE




on one day in the future you will be posting this and it will be only 1btc for that gold...
And then I will actually buy one as an ancient relic of the past.



Also:

Happy birthday LFC.
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May 14, 2019, 10:24:33 AM
Last edit: May 14, 2019, 10:49:49 AM by toknormal


...RSI being at 77.5.  In the whole history of bitcoin it's never been that high without a major retrace......

Please stop talking shit

All I'm saying is that your "rule" is largely arbitrary and based on cherry picking ranges. The RSI itself retraces but not necessarily the price from the level it's at at the time. All depends on what happens next.

In February 2017 1-week RSI hit 90. There was no "major retrace" ever following that level other than a minor correction on the way to the moon.

In August 2017 RSI hit 89 with price around 2k. There was no "major retrace" ever following that level, in fact there was barely even a correction.

In October 2015 RSI hit 80 with price range 300-400. It retested the base of that range for a day or two and never saw that level ever again.

In 2013 just prior to the "Cyprus" spike, RSI reached NEARLY 100 in March with price rangebound at $48-$70 for the week. Apart from a momentary capitulation to $64, it traded above $80-$90 forever since then.

Not saying that we can't expect a correction from this rise - it's obvious that there has to be at some point.
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May 14, 2019, 10:33:19 AM

its still quite in the media about this recent rise.

People are unaware about the recovery, we still have room to grow

In Belgium its different the oooh so F*** HLN newspaper that cannot be fast enough to write during a DIP...

Today one of the first articles



https://www.hln.be/ihln/internet/bitcoin-blijft-stijgen-nu-al-meer-dan-8-000-dollar-waard~ac90d925/

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