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

[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. 

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[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?

[marcus_of_augustus]

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?

say you are group of private equity that wanted to take a $50 mill position in BTC, how would you do it? (assume you managed to secure ~60% of that off the market already)

[kurious]

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?

say you are group of private equity that wanted to take a $50 mill position in BTC, how would you do it? (assume you managed to secure ~60% of that off the market already)

Obviously not in one market buy...

Big money isn't that stupid.

[ejinte]

yup, i have moved to Quadriga CX as well. it was that or ANX and I feel i'll be better off dealing with dealing with a Canadian business.

ANX is threating it's customers like shit. I've been calling them out pretty good in their thread.

https://bitcointalk.org/index.php?topic=425451.new#new

[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?

say you are group of private equity that wanted to take a $50 mill position in BTC, how would you do it? (assume you managed to secure ~60% of that off the market already)

Well technically I would try to contact a large mining company and get an OTC deal with them to acquire the bitcoins. BUT that could potentially take a lot more work to setup and if a mining company decided to no longer sell for cheap OTC, then I'd have to take my business to the exchanges.

Maybe that's what has happened.....a few large OTC mining deals were stopped due to the coins being too low and now the miners would rather just hold them until the coin price gets bumped up to a more profitable level for them. Large buyer then flocks to the exchanges to slowly buy up the coins.

By the way you were pretty specific about a private equity wanting $50 million position in BTC, do you have any other specifics you'd like to share?

[keystroke]

FINMA, NYSE, WSJ on board ... the regulators are these guys poodles, the 'announcement' for bitcoin NY regs is just fuel for their bubble.

People who I forgot i told about the coin ringing, texting. emailing wanting to know how to get in ... can't really be bothered with them now honestly.

Most don't know good advice when they hear it.

[thezerg]

FINMA, NYSE, WSJ on board ... the regulators are these guys poodles, the 'announcement' for bitcoin NY regs is just fuel for their bubble.

People who I forgot i told about the coin ringing, texting. emailing wanting to know how to get in ... can't really be bothered with them now honestly.

Most don't know good advice when they hear it.

Please take the time to help them.  Broad adoption is the best way to success.

[re-actor]

Kraken just hit €260 ($290,80) on pretty volume

[keystroke]

FINMA, NYSE, WSJ on board ... the regulators are these guys poodles, the 'announcement' for bitcoin NY regs is just fuel for their bubble.

People who I forgot i told about the coin ringing, texting. emailing wanting to know how to get in ... can't really be bothered with them now honestly.

Most don't know good advice when they hear it.

Please take the time to help them.  Broad adoption is the best way to success.

I have counseled dozens over the years but most only want to make a few quick USD. Only one has gotten rich. Whereas I am an ideologically motivated hodler.

[DaRude]

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?

say you are group of private equity that wanted to take a $50 mill position in BTC, how would you do it? (assume you managed to secure ~60% of that off the market already)

Well technically I would try to contact a large mining company and get an OTC deal with them to acquire the bitcoins. BUT that could potentially take a lot more work to setup and if a mining company decided to no longer sell for cheap OTC, then I'd have to take my business to the exchanges.

Maybe that's what has happened.....a few large OTC mining deals were stopped due to the coins being too low and now the miners would rather just hold them until the coin price gets bumped up to a more profitable level for them. Large buyer then flocks to the exchanges to slowly buy up the coins.

By the way you were pretty specific about a private equity wanting $50 million position in BTC, do you have any other specifics you'd like to share?

I don't believe that large miners operators can afford to just hodl for few months. In fact i don't believe in large mining farms operating without some contract in place already. Hey lets dump few mil in this run up thousands in electricity bills daily/weekly and we'll worry about how to liquidate our product (BTC) after.  Most likely all those coins are already spoken for for some duration of time. Things to consider if you want to open large position, you're not the only player scavenging miners for some coins so there's surely competition, the bigger the competition the more premium miners might want, you might want more volume than they can provide, or your contract with miners calls for premium of BFX*1.0X so miners turn around and just buy coins on market  , etc, etc, etc... Now if you've exhausted all your other options and are left with buying on market with minimum slippage i'm guessing it'd look like what's happening right about now. Big buy let things settle put up some weak support, rinse and repeat. Until someone picks up on that and start going ape shit crazy on leverage to buy up coins so you don't get them

[ChartBuddy]

Coin
Explanation

[YourMother]

Ok! I'm giving up on attacking bitcoin. Looks like this technology is legit hahahahaha and could someday replace fiat currency hahahahahaha It's just that i was brainwashed by all these trolls that kept posting dead bulls and trains falling off cliffs. uuh, uuuh, uuuhahahaha, hihi, huhuhu, haha I thought that it would be cool to do the same, but the effect was the opposite, because i feel a lot of guilt pressing on my shoulders at this moment LOL! I got them in tears with this line.

From what i see, Bitcoin will go to at least $86.000 by the end of August  2018ROFLMAO HAHAHAHA and at least $243,500 by the end of December 2019 these stupid fucks actually believe what i'm writing in here

All my respect to Satoshi Nakamoto. I'm sorry for all of this.

[Morecoin Freeman]

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

That is one huge cock formation.

[DaRude]

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

That is one huge cock formation.

I like this one even more than the pterodactyl formation 

[maku]

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

That is one huge cock formation.

I like this one even more than the pterodactyl formation 

This diagram made my day. It is officially confirmed. Bitcoin price will rise above $300 before sunday.

[mrkavasaki]

You guys think $1000 by end if the year Is possible?