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

[Last of the V8s]

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[Lucius]

$8500 on Bitstamp, amazing how easy it is to jump $1000 up in just a few hours

[bitserve]

Meh.

This is fine.

Unpleasant, for sure... but still fine.

Exactly!!!!!

But I am feeling as if something is missing from all of "this"?



                                                                                                                             

[whiteboy420]

never thought i would get the opportunity to short 8420 again.

tight stops thou.

[UnDerDoG81]

$8500 on Bitstamp, amazing how easy it is to jump $1000 up in just a few hours

You mean minutes.

[jojo69]

oh my

[Gyrsur]

[Lucius]

$8500 on Bitstamp, amazing how easy it is to jump $1000 up in just a few hours

You mean minutes.

Exactly, that would be more accurate - it stop on $8500 and bounce back to $8300 - let's see which direction it will go

[soxxx]

Now I did subscribe to the Golden Retrace theory, but with things like the death cross going, and the downside target of the descending triangle etc.

Its over, im very confident this was a huge bear trap that pushed Bitcoin down to the 61.8. Bull market continues.

[ivomm]

Freshly saved 500 euro on its way to the exchange. To be honest, I am kind of surprised that bears tried to break the 7700 support. I don't get it why we should feel desperate with 2% drop below this support. If it is not comfirmed in the coming weeks, then all this was noise. Most TA won't even consider it as broken if it is cancelled soon. Now the support down to 7K has increased to 2700BTC in Bitstamp. This is enough to despair even the best bear manipulator in the world. It is like a street with a dead end, dear bears! You may try to break it, but the result will be broken heads   The volume is low, meaning that besides the usual trades nobody is in a hurry to sell. And this is a sign of the failure of the bears, who thought with the sell of 700BTC on one exchange can bring havoc and despair. You have no good or bad news, dear bears, so your fail will be epic. 8K coming in (edited now: 2 weeks 2 days. 10K and above in the coming months days. ) Cheers to the hodlers!

hahahaha

That's an interesting perspective.

I hope that you are correct.

This is my 2nd reply today, but things developed too quickly. I tried to be conservative in my forecast knowing many are going to laugh at me. But I am not surprised of this quick recovery above 8K. Not at all! Congrats to all firm hodlers once again! (Btw, I bought with that 500 euro minutes before the epic pump  )

[dragonvslinux]

Death cross? What Death cross! HAHA

This one below, the 50 Week crossing the 200 Week confirming a long-term bear trend. Bit of a late signal from breaking the 200 Day MA, but crossing none the less. It's normal for the price to rally into the death cross, in fact in 2014 and 2017 it happened on both occasions, ripping 20%+ to the upside in the short-term before dumping 50% further in the long-term. It's best not to confuse the short-term bullish results of the bear cross on hourly/daily time frames, with the longer term weekly/monthly outlook of what this implies, but you're also welcome to assume a 4 hour candle changes everything and we're going to the moon regardless 



Don't get me wrong, I'm accumulating under $8k, but also trying to be realistic about the long-term perspectives of the bear cross based on previous price history.

[Raja_MBZ]

[LUCKMCFLY]

Guys, what happens is that they are closing the "Shorts", maybe they didn't get more offer at low price levels, people don't want to sell.



When all the "Shorts" close, the price recovers, and they start looking for an offer at higher levels, $ 8.6k and up.

You have to wait, emotions know how to take advantage of whales.

[serveria.com]

EEEEeeeeeeehaaaaa! Nice pump guys! Hope the beartroll scum is loving it as well... 

[BobLawblaw]

I gotta admit I am imagining it being used - in it's entirety - on a bunch of smug shorts.

 I was just thinking yesterday, "You know, you'd have to have better testicular fortitude than myself, to want to open a short position at these prices ~$7k. I'm glad I graduated beyond Titanium Platters for my morning testicle-crushing workout, to using raw, materialized existential-angst as a manifestation for self-affliction."

 In the TMI Department, I fear it has lead to unpleasant anorgasmia side-effects, but, well, Rick and I will try to work through that, in time.

 Sheeeit.

[serveria.com]

Death cross is coming they said.... 3K is inevitable they said....   

[micgoossens]

Was of a bit, just coming to say...... I think BoB is gonna like this late morning   #nohomo

[d_eddie]

THIS escalated quickly. Nice dildo, long and reasonably fat given the meager recent volumes.

[JimboToronto]

A pleasant good morning Bitcoinland.

I take a leisurely hot bath and when I get out I see we've gone up a grand... currently $8464USD/$11049CAD (Bitcoinaverage)... very refreshing.

Too bad I couldn't afford to buy any coinz at the bargain basement prices but at least I didn't need to sell any either.

Life is good for those who hodl.

Go Bitcoin go.

[becoin]

But but but... TA guru told me chart is pointing at 6k. I guess chart is now pointing at 60k?