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

[adamstgBit]

Lol you guys all sold or something ?

China is showing no signs of slowing down, this isnt over soon.

It appears that way... bulls turning to bears and talking down in hopes of buying in at lower prices. That's how tarmi's and kwukducks are created. Sure, we may have some dips here and there, but why would this end now? A day before the auction? Mid-week? Why not a weekend dump? The way I look at it, I have held this long, why sell now? I'm not thinking about selling until we're past the old ATH. This rise has been violent, but that 2 year down trend wasn't pretty either.  We're heading to a new ath by the halving, and I wouldn't be surprised if we tested the old one before 2016.

the auction is tomorrow?

its all making sense now.

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[Dilla]

Remember remember the 5th of november.

[infofront]

How did the previous auctions affect price?

[r0ach]

Price is being managed in China at a 500 floor till the round eye is over his fear to go higher.

[jbreher]

everyone log in and think really really hard as to whether you should buy or sell 468.0 USD / BTC

Buy? Sell? Trading can be profitable, but it can also cause one to lose one's shirt. The macro is always up. The obvious answer is HODL.

[ChartBuddy]

Coin

Explanation

[fonsie]

Price is being managed in China at a 500 floor till the round eye is over his fear to go higher.

 

[adamstgBit]

How did the previous auctions affect price?

goes up before, corrects after, every time.

[gentlemand]

I decline to analze this. The multi year Great 3 has been started.

Masterluc has given up his analysis. In his eyes the third Elliot wave has kicked off. This ends somewhere around the 100k mark.  I sneakily hope he decides he's a bit wrong so he'll come back and share more.

[nor9865]

in a country of 100 million people,

if i convince every young adult to buy 1 bitcoin, will that drive the price of bitcoin up due to demand?

say 2 million young adults says yes,

they are going to make shift into buying, one after the other buying 1 bitcoin every 10minutes....

[r0ach]

I just checked all the exchange walls, it's either going to hold this price or up some more.  Only logical option is hodl.

[YourMother]

[Dilla]

I decline to analze this. The multi year Great 3 has been started.

Masterluc has given up his analysis. In his eyes the third Elliot wave has kicked off. This ends somewhere around the 100k mark.  I sneakily hope he decides he's a bit wrong so he'll come back and share more.

Are there any targets during the third wave he's predicted?
I believe we are at the bottom of Bitcoin's S-curve, the vertical part may last a few years. Look in the media, Bitcoin is getting a lot of good attention, won't be long before it's a household name like Google.

[marcus_of_augustus]

I decline to analze this. The multi year Great 3 has been started.

Masterluc has given up his analysis. In his eyes the third Elliot wave has kicked off. This ends somewhere around the 100k mark.  I sneakily hope he decides he's a bit wrong so he'll come back and share more.

ok, that's the highest target i've read for this wave ... let's play with that one a bit for the lulz

[gentlemand]

Are there any targets during the third wave he's predicted?
I believe we are at the bottom of Bitcoin's S-curve, the vertical part may last a few years. Look in the media, Bitcoin is getting a lot of good attention, won't be long before it's a household name like Google.

Luc, what do you predict the next ATH to be ?

Big. 1200 may be compared to final ATH in final wave like 31.2 compared to 1200. But it should be in up to 7-10 years.

ok, that's the highest target i've read for this wave ... let's play with that one a bit for the lulz

I might have pulled that completely out my arse. I don't think he ever named a figure but others have said it's around there for wave 3. It could all be witchcraft of course.

[Dotto]

[infofront]

$$132,229

https://bitcointalk.org/index.php?topic=274613.msg11748971;topicseen#msg11748971

[jbreher]

I believe we are at the bottom of Bitcoin's S-curve, the vertical part may last a few years. Look in the media, Bitcoin is getting a lot of good attention, won't be long before it's a household name like Google.

Can't go vertical 'till the masses start buying in en masse.
The masses can't buy in until they have large money available in a venue in which they can trade.
Masses wont have money in such a venue until the 'signup/KYC/AML' process runs its course.
Signup process takes 1-2 weeks after opening account.
Masses will not open account until FOMO.
Masses won't FOMO until news of rise is omnipresent.
News of rise will not be ubiquitous until ATH.
ATH not until..... next week?

Net: If we can sustain this rally until ATH, the real fireworks will happen 2-4 weeks after that.

Yeah - boom.

[Dilla]

I believe we are at the bottom of Bitcoin's S-curve, the vertical part may last a few years. Look in the media, Bitcoin is getting a lot of good attention, won't be long before it's a household name like Google.

Can't go vertical 'till the masses start buying in en masse.
The masses can't buy in until they have large money available in a venue in which they can trade.
Masses wont have money in such a venue until the 'signup/KYC/AML' process runs its course.
Signup process takes 1-2 weeks after opening account.
Masses will not open account until FOMO.
Masses won't FOMO until news of rise is omnipresent.
News of rise will not be ubiquitous until ATH.
ATH not until..... next week?

Net: If we can sustain this rally until ATH, the real fireworks will happen 2-4 weeks after that.

Yeah - boom.

Like I said, we're at the bottom.  interesting times ahead. (This all in well could go to shit and we're at $250 tomorrow, but I think good things are in our future).

[Sitarow]