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

[JimboToronto]

a little song and dance the please the bitcoin gods.

[KeyserSoze]

a little song and dance the please the bitcoin gods.

There's something(s) disturbing about that GIF.

[BlindMayorBitcorn]

...
Bears had their time to frolic in shorting schadenfreude but were unwittingly coiling a spring that would potentially wipe out their profits.

Hahaha!  "Coiling spring"  Disruptive revolutionary black swan technology tipping point paradigm shift.

Listen up, bulls:  YOU SHALL NOT PASS!



*Pepperidge Farm remembers

I followed that gif the whole way down

[uhoh]

This is it, the chicken formation. Get ready for some epic conclusions!

That's hilarious dude.
When we'll see the eggs?

Finally, some sensible TA

[KryptoFoo]

in an uptrend, pullbacks will be relatively shallow. This one hit the 38.2% fib line from the most recent run up, let's see if that holds then I'll be full bull again. 

[derpinheimer]

Orderbooks are screaming down... Probably $250 at the "most".

[ImI]

Likely unsustainable. I wouldn't bet on this going anywhere but down in short term (1week)

serious business we have got here

[kurious]

Orderbooks are screaming down... Probably $250 at the "most".

Well there was good support at 270...  Maybe not even that far.

[uhoh]

Previous rises in recent history have completely collapsed at the first hurdle. This one seems to have some legs, haven't seen anything like this one personally for many many months. I was expecting a return to $250 today but alas, we're at $283 after a pullback.

Will be interesting to watch, no-one knows where this is going. If they say they do, they don't.

[ChartBuddy]

Coin
Explanation

[damiano]

you guys seriousy think the downtrend is over yet?

No, but this short squeeze still has legs. I expect a pull back before the final massive assault on $300 that I think will break through. once $300 resistance is broken, $360 is within reach.

Hopefully 276-278

Be nice to get in there

[derpinheimer]

Likely unsustainable. I wouldn't bet on this going anywhere but down in short term (1week)

serious business we have got here

I worded it clearly because more rising more within an extremely short period of time was not impossible, or even unlikely, with a market this irrational. Hence, 1 week. If I said the price would be higher next January and it fell to $100 in November, but up to $400 in January, that wouldn't really matter, would it?

Also, obviously, orderbooks are subject to change quickly. However, they usually predict well. Right now they are terribly bearish. Could it be insanely bullish in 10 minutes? Or a day? Maybe.. but, right now, its not.. and it probably won't do anything like that.

[adamstgBit]

don't kid yourselves 280+ will stick

300 tomorrow afternoon

at which point the trend reversal is clear as day and we moonshot to 320-350, followed by a crash back down to 295 where we stabilize and start a random walk with an upward drift

32,000$ by mid 2017

its happening.

[JimboToronto]

Another day, another green candle.

Can we go for 6 in a row?

[petahashminer]

Another day, another green candle.

Can we go for 6 in a row?

yeah sure it will

[coinableS]

These last few days we've stayed above the long term resistance line longer than I thought we would. Looks like the downtrend could actually be over. 

[uhoh]

don't kid yourselves 280+ will stick

300 tomorrow afternoon

at which point the trend reversal is clear as day and we moonshot to 320-350, followed by a crash back down to 295 where we stabilize and start a random walk with an upward drift

32,000$ by mid 2017

its happening.

I'd tend to agree with you, but wouldn't consider this a turnaround until $400.

[kurious]

Well it's the witching hour where I am.

I am leaving bids from low 270s down to 250 overnight just in case.

I agree it looks up (until Thursday at least) but better safe than sorry.

94% BTC - not much fiat left since January - it was way too cheap!

[marcus_of_augustus]

yep, nanobrain remembers the never see sub-230 call, it burns ... looking like sub-240 is history and sub-250 too probably.

If we consolidate in 250-280 with slop then breakout above 300 will be rapid and powerful to 350 and beyond, or break above 300 soonish and then slop 325-300 before more powerful big break move into 4-500 range

500 is the final breakout target before medium term consolidation.

This market is still well-oversold until 5-600 range is recovered, at that point then FOMO and MOMO could take us who-knows-where.

fwiw dyodd

[lyth0s]

We should all stop selling for just 10 minutes and see what happens for shits and giggles.

Seriously though the largest growth keeps happening in single large 15 minute candles. Is this coincidence or is it perhaps 1 person accumulating large amounts of BTC over short periods of time and then letting the market re-equilibrate to not run up prices too fast?