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Question: Price Target for Nov. 30, 2024:
<$75K - 4 (2.8%)
$75K to $80K - 1 (0.7%)
$80K to $85K - 2 (1.4%)
$85K to $90K - 10 (6.9%)
$90K to $95K - 15 (10.3%)
$95K to $100K - 29 (20%)
>$100K - 84 (57.9%)
Total Voters: 145

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26733313 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. (174 posts by 1 users with 9 merit deleted.)
VB1001
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September 27, 2019, 05:20:29 AM
Merited by 600watt (1)


https://twitter.com/CoinSense101/status/1177161842482769920

 Cheesy
mersal
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September 27, 2019, 05:29:26 AM

ICOs only concentrate on the promotions then only they can make millions but they have no worries even if it is failed because they are paying people with their shit tokens only. Cheesy
DaRude
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September 27, 2019, 05:38:08 AM

Venezuela Has Bitcoin Stash and Doesn’t Know What to Do With It

I could think of a few things to do with it.

Awesome but too early, not the attention we need right now.
DaRude
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September 27, 2019, 05:38:32 AM


Fuck you!!!!
El duderino_
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September 27, 2019, 05:56:36 AM

I know it sounds impossible. But any chance to see 1-2k?? I have cash lying around and I seriously would go all in on these levels.

That would be dumb to wait for that price level.

Not even after 30 years, I guess.
I think by this time, it will hit again below $5,000... If it strikes the $7,000 during 1st week of October then the possibility of having a Pump will be a slight crucial. The much possibility is it will go down deeper. So, gonna stick with $5,000 and expect nothing more.

Lets hope the weekend-bull appears to kick off October as it should be kicked off
Yeah, you wish 😂

You wrong, below 5K = you wish...
El duderino_
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September 27, 2019, 05:59:18 AM

Anyone has any wild guess at which price the real support might be at?


7200-7450 is major support zone (vwap, fib, cme gap, htf support).

If this breaks we are officially rekt.


Edit:

Btw. Personally I believe 7k's is the bottom and thus long now.

On htf we can also see a hidden bullish divergence forming.

I suspect we'll see a spike below, just to freak us out.

I think the ones that would fear or get afraid by this..... they already are out
Fatman3001
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September 27, 2019, 06:10:24 AM

Anyone has any wild guess at which price the real support might be at?


7200-7450 is major support zone (vwap, fib, cme gap, htf support).

If this breaks we are officially rekt.


Edit:

Btw. Personally I believe 7k's is the bottom and thus long now.

On htf we can also see a hidden bullish divergence forming.

I suspect we'll see a spike below, just to freak us out.

I think the ones that would fear or get afraid by this..... they already are out

Hehe... ok. I guess we're fine then.
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September 27, 2019, 06:19:09 AM


had to log in to merit this gem. after all we are talking about shitcoins. don´t know if it possible to sum up shitcoinery in one meme in a better way.
hv_
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September 27, 2019, 07:06:36 AM


had to log in to merit this gem. after all we are talking about shitcoins. don´t know if it possible to sum up shitcoinery in one meme in a better way.

Lol  the 'Sharding' of Ethereum  - such a DAO
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September 27, 2019, 07:46:53 AM

Daily RSI is at 20.

The only time we have been this low in the last couple of years was when we bottomed at $3.1k.


Time to bounce

Yes ...but the weekly RSI is still relatively high and falling.
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September 27, 2019, 08:15:05 AM

I disagree on your interpretation of “relatively high”.  Weekly RSI is about 45 and falling.   Historically the only time we get under 45 Weekly RSI is during the significant bottoming events in January 2015 and December 2018.  I would say 45 Weekly RSI is “relatively low”.

To get much further down you have to assume a capitulation event. We already had our capitulation this cycle.  Am not convinced we need a second one this cycle.   During the 2013 first crash we never got below 48 Weekly RSI.

~Money~
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September 27, 2019, 08:25:32 AM

i dont think we will face another 2018 movement, but if for any reason, like manipulating hashrate, news stream or any other piece of news weird news about crypto comes out, we will see real problem like 2015 and won't come out until we get a real volume on trades

personally dont think that happen, and we may get a pull back around 7k which May lead to a new ATH for the king
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September 27, 2019, 08:35:37 AM
Merited by bkbirge (1)

I remember this chick.... "Bitcoin Boom or Bust"

When to Sell Bitcoin? ‘Never’ — Mark Yusko Says BTC Like Amazon Stock

Quote
Speaking to CNBC in an interview on Sept. 27, the founder, CEO & chief investment officer of Morgan Creek Capital Management compared Bitcoin’s ten-year history to Amazon.

He was responding to concerns from regular cryptocurrency host Melissa Lee over the Bitcoin price, which fell below $8,000 on Thursday.

For Yusko, while the price of Bitcoin can go up and down, year-on-year growth gives a solid reason to buy and not sell it.

“All the indicators of the network and the network value are rising; the price of any asset fluctuates,” he explained.
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September 27, 2019, 08:38:21 AM

I disagree on your interpretation of “relatively high”.  Weekly RSI is about 45 and falling.   Historically the only time we get under 45 Weekly RSI is during the significant bottoming events in January 2015 and December 2018.  I would say 45 Weekly RSI is “relatively low”.

To get much further down you have to assume a capitulation event. We already had our capitulation this cycle.  Am not convinced we need a second one this cycle.   During the 2013 first crash we never got below 48 Weekly RSI.



I see where you are coming from. The only thing I would add is we fell from 6k to 3k from these weekly RSI numbers. I don't discount a bounce here. I also would not be surprised if we go down to 7k. Beyond that I don't expect much further downside. I have been doing some buying at these levels , so that says something of my expectations.
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September 27, 2019, 08:38:53 AM

I remember this chick.... "Bitcoin Boom or Bust"

When to Sell Bitcoin? ‘Never’ — Mark Yusko Says BTC Like Amazon Stock

Quote
Speaking to CNBC in an interview on Sept. 27, the founder, CEO & chief investment officer of Morgan Creek Capital Management compared Bitcoin’s ten-year history to Amazon.

He was responding to concerns from regular cryptocurrency host Melissa Lee over the Bitcoin price, which fell below $8,000 on Thursday.

For Yusko, while the price of Bitcoin can go up and down, year-on-year growth gives a solid reason to buy and not sell it.

“All the indicators of the network and the network value are rising; the price of any asset fluctuates,” he explained.

thats a real valid reason for having btc on hands, but sometimes ppl need money and no matter what they have, it will be liquidated to fiat, if can crypto, stock, gold, ...

that unknown reason is why market sometimes crashes, and thats a big reason why institutional money are not always as good as it is.
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September 27, 2019, 08:55:21 AM

I disagree on your interpretation of “relatively high”.  Weekly RSI is about 45 and falling.   Historically the only time we get under 45 Weekly RSI is during the significant bottoming events in January 2015 and December 2018.  I would say 45 Weekly RSI is “relatively low”.

To get much further down you have to assume a capitulation event. We already had our capitulation this cycle.  Am not convinced we need a second one this cycle.   During the 2013 first crash we never got below 48 Weekly RSI.



A log(USD) plot would be better to see, esp for early time frame
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September 27, 2019, 08:59:01 AM
Merited by DeathAngel (1)

I disagree on your interpretation of “relatively high”.  Weekly RSI is about 45 and falling.   Historically the only time we get under 45 Weekly RSI is during the significant bottoming events in January 2015 and December 2018.  I would say 45 Weekly RSI is “relatively low”.

To get much further down you have to assume a capitulation event. We already had our capitulation this cycle.  Am not convinced we need a second one this cycle.   During the 2013 first crash we never got below 48 Weekly RSI.



I see where you are coming from. The only thing I would add is we fell from 6k to 3k from these weekly RSI numbers. I don't discount a bounce here. I also would not be surprised if we go down to 7k. Beyond that I don't expect much further downside. I have been doing some buying at these levels , so that says something of my expectations.

Sure.  We are talking probabilities here.  I am not going to rule out a swing down to $7k either.  That’s only a 13% drop from here.   But I am calling an effective bottom somewhere around here. 
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September 27, 2019, 09:03:35 AM

Good to see there’s some confidence that we’ve potentially bottomed out here. It’s always a little worrying when we take a dive that bad. I’ll be looking to buy today at some point, will let a few hours pass until I nibble, I don’t want to see another leg down.
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September 27, 2019, 09:06:57 AM

let's wait for our friends at the East Coast (13:00 UTC) and from the Windy City (14:00 UTC) and then we will see if $8k will hold or not today. Cool
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September 27, 2019, 09:26:48 AM

Bitcoin’s hashrate just hit another all-time high.

The most secure computing network in the world keeps getting more secure. (H/t @MatiGreenspan)

https://twitter.com/apompliano/status/1177514225524064257?s=21

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