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

[inca]

Speaking of minnows I have an idea I would like to moot with some of the regulars on here. I will collect my thoughts and PM some of you in the next few days.

Nice to see us inching closer for an attack on 300. Bears must be nervous

You do realize that bears can be temporarily leveraged long too? The difference is that bears shall take their profits at the next top, without waiting for a delusional moon.

It is more the effect on the trading accounts of leveraged shorting a rise from 219 to 215, or more recently from 273 to 295 that might be more relevent to the complete absence of a vocal number of previous posters of a furry disposition. Some will have timed it right but it's much harder when you cannot rely on the confirmation bias of being with trend. Everyone is a genius in a bull market, right? And every bear is a genius in a bear market - until the trend changes.

[LFC_Bitcoin]

Either we will break 300 today or see an epic dump tomorrow.

The next 24 hours, again, are critical

Not really! Failure to break 300 at this point in time wouldn't mean a whole lot. We could just as easily go sideways between 285-295 for a week or two.

I don't think anything is critical at the moment. It's close to guaranteed we'll never see sub 200 again though. I'd put my life on never seeing double digit coins or whatever pathetic predictions bears were churning out 4-5 months ago.

[ssmc2]

Speaking of minnows I have an idea I would like to moot with some of the regulars on here. I will collect my thoughts and PM some of you in the next few days.

Nice to see us inching closer for an attack on 300. Bears must be nervous

You do realize that bears can be temporarily leveraged long too? The difference is that bears shall take their profits at the next top, without waiting for a delusional moon.

Lol@ "temporarily leveraged long"

Come on man, just admit it, even your stubborn ass knows this bear market is done.

Use whatever euphemisms you want.  

[JimboToronto]

Come on man, just admit it, even your stubborn ass knows this bear market is done.

 

[ChartBuddy]

Coin
Explanation

[JimboToronto]

It is more the effect on the trading accounts of leveraged shorting a rise from 219 to 215, or more recently from 273 to 295 that might be more relevent to the complete absence of a vocal number of previous posters of a furry disposition. Some will have timed it right but it's much harder when you cannot rely on the confirmation bias of being with trend. Everyone is a genius in a bull market, right? And every bear is a genius in a bear market - until the trend changes.

That's just the traders.

Investors accumulating coins in anticipation of Bitcoin's long-term success DGAF.

They can still be entertained by the angst of the traders who fuss over every little rise and dip.

[bitsat alien]

bear market is down, we will see $300 again soon.

[eerygarden]

I'd put my life on never seeing double digit coins or whatever pathetic predictions bears were churning out 4-5 months ago.

Think risk/reward.

[ChartBuddy]

Coin
Explanation

[bitcoin carpenter]

So what is the concensus now?

Is this a consolidation followed by renewed shorting and a further bear market, is it consolidation moving into renewed interest and the beginning of a push to new ath, or is it just business as usual with continued oscillation around 250-300?

I am thinking this is the beginning of accumulation leading into the next halving...  as the supply runs dry we will begin to see the price become temporarily parabolic again.   

[d5000]

So what is the concensus now?

Is this a consolidation followed by renewed shorting and a further bear market, is it consolidation moving into renewed interest and the beginning of a push to new ath, or is it just business as usual with continued oscillation around 250-300?

I am thinking this is the beginning of accumulation leading into the next halving...  as the supply runs dry we will begin to see the price become temporarily parabolic again.   

My opinion is that we're seeing, for now, consolidation after a (relatively speaking) long bear market. There wasn't an attack on the important $265-66 level, so unless there is a problem with the blockchain / algorithm itself, I think probability is very low to get below these levels.

As some in the German forum remarked, the slight uptrend of the last 2 days was because of a simple TA speculation. We'll see if this uptrend can continue. I see not many chances to go over 320 for the next month as there is no other hype like the Greek "Oxi effect" in sight, but the short- and mid-term trend should be slightly bullish.

[ChartBuddy]

Coin
Explanation

[PoolMinor]

FYI....The next target is not $300 it is actually ~$315 to complete the handle, anything less will not complete the pattern.

[dakota neat]

FYI....The next target is not $300 it is actually ~$315 to complete the handle, anything less will not complete the pattern.

by tuesday at the latest. or mike tyson will get angry.

[coinableS]

FYI....The next target is not $300 it is actually ~$315 to complete the handle, anything less will not complete the pattern.

Agreed, but even if we don't break it on this little upswing and drop a bit this coming week we can still be okay as long as we stay above $270. If it takes some time to get over $315 that's fine as long as overall trend stays positive.

[tommorisonwebdesign]

Looks like the price of bitcoin is continuing to go up. Now is the time to buy in or get into the bitcoin economy.

[JayJuanGee]

Looks like the price of bitcoin is continuing to go up. Now is the time to buy in or get into the bitcoin economy.

What if we are already in at various price points between $160 and $1100?  Should we continue to buy?

[ChartBuddy]

Coin
Explanation

[LFC_Bitcoin]

Looks like the price of bitcoin is continuing to go up. Now is the time to buy in or get into the bitcoin economy.

What if we are already in at various price points between $160 and $1100?  Should we continue to buy?

Bitcoin is still in its infancy, mainstream adoption hasn't yet occurred so continue to accumulate & HODL, buy whilst you can still afford to. That's the advice I'd give anybody whether you have 1 satoshi or 1000 bitcoins.  

[magicmexican]

I'd put my life on never seeing double digit coins or whatever pathetic predictions bears were churning out 4-5 months ago.

Think risk/reward.

Does the fatfinger btc-e style dumps count? We already saw plenty of dumps to 150, so its not unreasonable to assume some sudden dump to 90$ or so