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June 17, 2019, 10:14:36 PM *
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Question: Closing BTC Price June 17:
$0 - 3 (2.3%)
<$6,500 - 7 (5.3%)
$6,500-$6,750 - 1 (0.8%)
$6,751-$7,000 - 2 (1.5%)
$7,001-$7,250 - 3 (2.3%)
$7,251-$7,500 - 6 (4.6%)
$7,501-$7,750 - 4 (3.1%)
$7,751-$8,000 - 12 (9.2%)
$8,001-$8,250 - 13 (9.9%)
$8,251-$8,500 - 7 (5.3%)
$8,501-$8,750 - 6 (4.6%)
$8,751-$9,000 - 11 (8.4%)
$9,001,$9,250 - 13 (9.9%)
$9,251-$9,500 - 17 (13%)
>$9,500 - 17 (13%)
$20,000 - 9 (6.9%)
Total Voters: 131

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21225674 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. (64 posts by 15 users deleted.)
JimboToronto
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May 27, 2019, 04:10:16 PM

Good morning Bitcoinland.

I see we've held on to most of yesterday's gains and can probably declare the weeks-old battle for $8k to be officially won... currently $8865USD/$11920CAD (Bitcoinaverage).

Now the battle for $9k begins. Let's see how long it lasts.

Go Bitcoin go.

9600 by next week boys.

10k will be a strong psychological border, if we break up i would say we are officialy in bull market again lol

Too late.

We already are in a bullmarket.

Been a few weeks now that such transition took place.

A few weeks? We've been in a bull market all year.
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May 27, 2019, 04:13:40 PM
Merited by MrFreeRoMan (1)

Good morning Bitcoinland.

I see we've held on to most of yesterday's gains and can probably declare the weeks-old battle for $8k to be officially won... currently $8865USD/$11920CAD (Bitcoinaverage).

Now the battle for $9k begins. Let's see how long it lasts.

Go Bitcoin go.

9600 by next week boys.

10k will be a strong psychological border, if we break up i would say we are officialy in bull market again lol

Too late.

We already are in a bullmarket.

Been a few weeks now that such transition took place.


A few weeks? We've been in a bull market all year.


All year? We´ve been in a bull market since 2010.

 Cheesy
ivomm
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May 27, 2019, 04:14:47 PM
Merited by JayJuanGee (1)

Bob, I see 0 volume.  Are you on the jenkem?

Shh. Patience. Drums in the deep.

EDIT: OK, maybe "wave" and "strap in" was too hyperbolic. Expecting to test $9k in the next few hours.
EDIT2: And to further clarify my gut feeling, once we breach $9k, I expect massive profit-taking, followed by dogs and cats, living together.
EDIT3: My position remains. HODLing and do not intend to divest any further BTC until after the halvening - but not before 2021 - Waiting for Rick to independently retire, and figure out what we want to do with the rest of our life together. Possibly divest BTC to reinvest in 100+ acre real estate/ranch in rural area.

Optimism is good, and the moves here are giving credence to the case that the bull market is establishing itself.

You are quite right that massive profit taking will come, but the level from which it starts is difficult to estimate.  The current price wave is unsustainable in the longer trend. A glance at the chart makes this obvious.  

If we are to get to a new ATH in the next year or so,  a strong pullback would be needed in order to consolidate the overbought positions.

The recent moves have almost broken with the 2014-16 pattern, but that only means that predictability has declined, not that a new roadmap can be put in place.
Actually, we had some profit taking several times but the buying pressure is so intense that it took only several hours up to 1-2 days to recover. Now, we are in the position that non traders buy and hodl in anticipation of the approaching halving. Traders are not able to short with profit for many reasons. Btw, Bitmex included Kraken in its price making, so it will be harder to manipulate the market. Kraken is notorious for its slow reaction to price drops. Also, bakkt and fidelity platforms are in the final test stage. Actually, bakkt is ready with some sofisticated structures and is just waiting for a custodian licence by NYDFS. Being backed by ICE, I don't see any obstacles getting this licence. So any attempt of shorting/selling would be incredibly risky right now.  Last year traders were afraid how far the price will crash and will it recover in foreseable future. Even the most optimistic didn't see how just in 5 months the price will be near 9K. That looked ridiculous in January-March. The mood and the trend has changed and the only question is when, not if, we will break the ATH again.
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May 27, 2019, 04:16:01 PM

jojo69
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May 27, 2019, 04:16:41 PM
Merited by JayJuanGee (1)


There was a time when Trust on this here board was a rating established by counterparties who had engaged in deals with the subject, indicating whether or not said deals were satisfactorily concluded. In this manner, Trust was a relative indicator if engaging in a future deal with said subject would likely result in being defrauded.

These days, it seems the Trust system ain't nothing but a popularity contest. Absolutely useless for its stated purpose. The sooner theymos decides to abolish it, the better.

In the meantime, knock yourself out chasing that elusive meaningless glitter.


exactly

flensgold is the only person I ever put the trust flag on, he sourced and shipped me a number of euro spec thermostats to fit HVD.be waffle irons (long story).  This was way back in the day, I think it was 6 BTC for the parts.  I could not find an EU supplier that would accept a US credit card and my bank laughed at me when I wanted a wire transfer in the low 3 digits.

Point is, the guy could have given me the finger and walked with 6 BTC, instead he repackaged and shipped my parts.

Trust, that is what it is for.
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May 27, 2019, 04:19:21 PM

Good morning Bitcoinland.

I see we've held on to most of yesterday's gains and can probably declare the weeks-old battle for $8k to be officially won... currently $8865USD/$11920CAD (Bitcoinaverage).

Now the battle for $9k begins. Let's see how long it lasts.

Go Bitcoin go.

9600 by next week boys.

10k will be a strong psychological border, if we break up i would say we are officialy in bull market again lol

Too late.

We already are in a bullmarket.

Been a few weeks now that such transition took place.

A few weeks? We've been in a bull market all year.

At this point there's a possibility of a breakthrough, we are landing safely "bitcoinlanding".
AlcoHoDL
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May 27, 2019, 04:21:48 PM

... he sourced and shipped me a number of euro spec thermostats ... I think it was 6 BTC for the parts.

Those have got to be the most expensive thermostats you've ever bought...

Like my TREZOR, which I bought for 0.13 BTC...

Lesson learned: spend fiat first, and BTC only when you absolutely have to.
jojo69
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May 27, 2019, 04:27:17 PM

... he sourced and shipped me a number of euro spec thermostats ... I think it was 6 BTC for the parts.

Those have got to be the most expensive thermostats you've ever bought...

Like my TREZOR, which I bought for 0.13 BTC...

Lesson learned: spend fiat first, and BTC only when you absolutely have to.

Well yeah, of course I regret EVERY bitcoin I have ever sold, but like Laszlo, you can't beat yourself up over what is gone.

We all hoped that this would happen, we knew it was possible, but back then it seemed far from certain.

Those 6 don't really bug me at all, the 100 that went to BFL?  yeah, that one is harder to be philosophical about...
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May 27, 2019, 04:30:22 PM

... he sourced and shipped me a number of euro spec thermostats ... I think it was 6 BTC for the parts.

Those have got to be the most expensive thermostats you've ever bought...

Like my TREZOR, which I bought for 0.13 BTC...

Lesson learned: spend fiat first, and BTC only when you absolutely have to.

Fantastic word, "spend fiat first, and BTC only when you absolutely have to.",  Grin almost made a silly mistake last week, until i realize the possitivity of Bitcoin compared to that of fiat, then i use fiat and store up Bitcoin.
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May 27, 2019, 04:33:09 PM
Merited by JayJuanGee (1)


Well yeah, of course I regret EVERY bitcoin I have ever sold, but like Laszlo, you can't beat yourself up over what is gone.

We all hoped that this would happen, we knew it was possible, but back then it seemed far from certain.

Those 6 don't really bug me at all, the 100 that went to BFL?  yeah, that one is harder to be philosophical about...

This is never happened to me, as I am too late into Bitcoin to have experienced such bad accidents.
But I think the best way to look at spent bitcoin is this one:



https://twitter.com/nic__carter/status/1130135656410300417

Easier said than done.
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May 27, 2019, 04:33:27 PM

... he sourced and shipped me a number of euro spec thermostats ... I think it was 6 BTC for the parts.

Those have got to be the most expensive thermostats you've ever bought...

Like my TREZOR, which I bought for 0.13 BTC...

Lesson learned: spend fiat first, and BTC only when you absolutely have to.

Lol. Mine was 1BTC
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May 27, 2019, 04:36:30 PM
Last edit: May 28, 2019, 07:05:19 AM by ProfTP
Merited by JayJuanGee (1)

so close to 9k


poor bears that are waiting for 4,2k or even 2,5k
lots of people with huge amounts havent bought back. They will buy back at one point or have already in small chunks but the money of these people is getting smaller and smaller compared to all the money from the people that are now getting into bitcoin the first time.
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May 27, 2019, 04:36:45 PM

I have been wondering if good Hodling is in fact a predisposition.

I have my record decks and records here, my guitars. I've held them all, a long time!

Im holding them to zero lol


Maybe these are reusable skills.




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May 27, 2019, 04:39:24 PM

so close to 9k


poor bears that are waiting for 4,2k or even 2,5k
lots of people with huge amounts havent bought back. They will buy back at one point or have already in small chunks but the money of these people is getting smaller and smaller copmared to all the money from the people that are now getting into bitcoin the first time.

They missed out and that's final. No reversal principle will work gbam.
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May 27, 2019, 04:44:11 PM

red alert

shields up

damage report
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May 27, 2019, 04:46:28 PM

Bear trap?
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May 27, 2019, 04:52:07 PM

Fear not. It will rebound and rise higher.

[insert Picard meme here]

Our funds are safu!
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May 27, 2019, 04:52:28 PM

10k will be a strong psychological border, if we break up i would say we are officialy in bull market again lol
We already are in a bullmarket. Been a few weeks now that such transition took place.
A few weeks? We've been in a bull market all year.
All year? We´ve been in a bull market since 2010.

Indeed. 2012, 2014 and 2018 were just bear traps.

 Cool
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May 27, 2019, 04:54:21 PM

I have been wondering if good Hodling is in fact a predisposition.

I have my record decks and records here, my guitars. I've held them all, a long time!

Im holding them to zero lol

Maybe these are reusable skills.

https://www.youtube.com/watch?v=zV40NzkqJrw

Indeed. Learned a hard lesson in my youth. Second guitar I ever bought was an Ibanez lawsuit-era ES-175 clone. A good one. In college, I noticed this band rehearsing. No bass player. School had a bass and amp on premises. I offered to sit in on bass. End of the jam, I was asked to join. Sure! No bass. What do I do? Ended up trading the Ibanez (and money) for a bass. Always regretted losing the Ibanez. Hard lesson learned early. Only instrument I've sold since was a wall hanger with no emotional attachment.

I Hodl On. Indeed.

Incidentally, I still have and regularly play the first-bought guitar.
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May 27, 2019, 04:54:51 PM
Last edit: May 27, 2019, 06:14:36 PM by Biodom
Merited by Last of the V8s (1)

Because that wouldn't be science

Hairy, you’ve been right on most things so far in this cycle. I love your works Smiley

Right?  I love his work too, but charts are off due to the fact that we are off the 2014-2015 graph.
What now?

Most likely, we are already on the parabolic rise. The only question is when this local exponential rise ends (and it will end, obviously).
To see this, find BETI thread and maybe Peter Brandt's graph here https://bitcointalk.org/index.php?topic=178336.msg50603641#msg50603641.
I also had some exponent here https://bitcointalk.org/index.php?topic=178336.msg50479459#msg50479459 , but we did not have the "wiggle" , so it is happening even faster than I expected.
IMHO, AH is entirely possible even in 2019, albeit less likely still.
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