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

[AmazonStuff]

Good morning from Europe! We are still going down? Any news?

[luckygenough56]

guys it's not the end of the world, price did lose only 200 dollars 

[Tstar]

What gets me is just how brazen and rude it is
Rational people just roll their eyes when Bitcoin goes up and they're alway right

Not really. It's pretty simple; as soon as the demand becomes greater than the supply we're going up. This is just natural and I'm eager to see what is going to happen near and after the halving. Didn't the price always fluctuate (mostly towards down) after the Bitcoin auctions? Both sides are pretty weak depending on where you look. It could go either way anytime (although staying at $300 would be good).

Don't get me wrong: I do not want to compare BTC to LTC but as far as I remember the LTC halving didn't have much impact on LTC prices.
I'm not saying that it will be the same thing with BTC but it seems to me there are other things, much more powerful, that can shake the BTC trading for the good or the bad. So far what I've seen always happening is that when chinese buy, volume and price tend to the sky

Actually i think it trippled in value..then stopped on double value

Look at the chart from August 25th onwards: nothing really happened. Only a very tiny increase in volume nothing else

[8up]

Told you so. 

first "real" correction is on the way.

Show is over for now. We'll go back to ~$300 and building a plateau there;  Price will oscillate between $300 and $400 while slowly creeping up to around $450 until jan/feb. From there, we will start the rise far beyond the ATH.

PSA: I call anything below $320 a must buy.

Will you buy the dip?

[luckygenough56]

Show is over for now. We'll go back to ~$300 and building a plateau there;  Price will oscillate between $300 and $400 while slowly creeping up to around $450 until jan/feb. From there, we will start the rise far beyond the ATH.

wise statement i think

[ChartBuddy]

Coin

Explanation

[Andre#]

The BTC market is unpredictable in the short term, but longer term the obvious patterns form.  If you are a long term bull, then trade on the long term patterns.  Buy/accumulate when the market is bottomed and no one cares, sell near top of rallies.  Then be patient to get back in, because a rally bubble can take a while to unwind. A LONG while.  There may even be several mini bull runs/short squeezes along the way, but ultimately the price ends up bottoming out way lower and all volume/volatility dies.

How about this as a strategy for a lazy trader (like me)? It's the cross-overs of K and J of the KDJ indicator.

Hasn't crossed over quite yet  

I think we can settle on the crossing, right? 

[adaseb]

The BTC market is unpredictable in the short term, but longer term the obvious patterns form.  If you are a long term bull, then trade on the long term patterns.  Buy/accumulate when the market is bottomed and no one cares, sell near top of rallies.  Then be patient to get back in, because a rally bubble can take a while to unwind. A LONG while.  There may even be several mini bull runs/short squeezes along the way, but ultimately the price ends up bottoming out way lower and all volume/volatility dies.

How about this as a strategy for a lazy trader (like me)? It's the cross-overs of K and J of the KDJ indicator.

Hasn't crossed over quite yet  

I think we can settle on the crossing, right? 

Its a lagging indicator, by the time you notice the cross, price will of already moved.

[ChartBuddy]

Coin

Explanation

[AmazonStuff]

BTCChina slightly below Bitfinex, if someone said this to me few days ago, I would not believe it

[600watt]

BTCChina slightly below Bitfinex, if someone said this to me few days ago, I would not believe it

they are all united now. epic launching pad in the making. 

[Swordsoffreedom]

BTCChina slightly below Bitfinex, if someone said this to me few days ago, I would not believe it

they are all united now. epic launching pad in the making.  

What the Chinese exchanges finally are trading at similar trading ranges to Finex
That is a bit surprising considering the variances for so long, must be that ponzi had to say it lol.

[DaRude]

BTCChina slightly below Bitfinex, if someone said this to me few days ago, I would not believe it

they are all united now. epic launching pad in the making.  

What the Chinese exchanges finally are trading at similar trading ranges to Finex
That is a bit surprising considering the variances for so long, must be that ponzi had to say it lol.

Just means that Chinese are cashing out now

[ChartBuddy]

Coin

Explanation

[Hyperjacked]

Looks like the whale has finally tired of the "keep-selling-into-my-own-walls" game.  Cause no takers, he's not making any money.  So no bounce.  

Will be much more fun to margin call the leveraged longs on the way down.

Easy Money!

Cheers Torque!

[ChartBuddy]

Coin

Explanation

[Feri22]

What gets me is just how brazen and rude it is
Rational people just roll their eyes when Bitcoin goes up and they're alway right

Not really. It's pretty simple; as soon as the demand becomes greater than the supply we're going up. This is just natural and I'm eager to see what is going to happen near and after the halving. Didn't the price always fluctuate (mostly towards down) after the Bitcoin auctions? Both sides are pretty weak depending on where you look. It could go either way anytime (although staying at $300 would be good).

Don't get me wrong: I do not want to compare BTC to LTC but as far as I remember the LTC halving didn't have much impact on LTC prices.
I'm not saying that it will be the same thing with BTC but it seems to me there are other things, much more powerful, that can shake the BTC trading for the good or the bad. So far what I've seen always happening is that when chinese buy, volume and price tend to the sky

Actually i think it trippled in value..then stopped on double value

Look at the chart from August 25th onwards: nothing really happened. Only a very tiny increase in volume nothing else

Look at the chart on july, the value went 8x up...of course the effect of halving on price comes some time before the event

[TReano]

What gets me is just how brazen and rude it is
Rational people just roll their eyes when Bitcoin goes up and they're alway right

Not really. It's pretty simple; as soon as the demand becomes greater than the supply we're going up. This is just natural and I'm eager to see what is going to happen near and after the halving. Didn't the price always fluctuate (mostly towards down) after the Bitcoin auctions? Both sides are pretty weak depending on where you look. It could go either way anytime (although staying at $300 would be good).

Don't get me wrong: I do not want to compare BTC to LTC but as far as I remember the LTC halving didn't have much impact on LTC prices.
I'm not saying that it will be the same thing with BTC but it seems to me there are other things, much more powerful, that can shake the BTC trading for the good or the bad. So far what I've seen always happening is that when chinese buy, volume and price tend to the sky

Actually i think it trippled in value..then stopped on double value

Look at the chart from August 25th onwards: nothing really happened. Only a very tiny increase in volume nothing else

Look at the chart on july, the value went 8x up...of course the effect of halving on price comes some time before the event

you always have to remember that these tiems where totally different. No Leverage trading, the only way to make money was buy bitcoin low and selling them high. It was almost like the altcoin market currently.

Now with all the options it's and the much bigger market cap then back then it's quiet unlikely to have these spikes again...

[ChartBuddy]

Coin

Explanation

[Torque]

Looks like the whale has finally tired of the "keep-selling-into-my-own-walls" game.  Cause no takers, he's not making any money.  So no bounce.  

Will be much more fun to margin call the leveraged longs on the way down.

Easy Money!

Cheers Torque!

Yep, and I also knew it would bounce off the "fake" support at 300.  Btw, hmmm 300, well that's

1. Oddly a perfectly psychological round number, isn't it?  Interesting.

2. Wait 300... it's a perfect U.S. dollar number.  But, but, but...I thought everyone said that the Chinese were in controlz of the market?!?!?  Guyz?

Just wait long enough, here's what the market will do.  It will drift back down and level out dangerously close to 300 (the fake support), finally break through when the fake walls are pulled, then back up to $299.9999999 (head fake) and pegged there for days/week, then of course the selloff will continue down.  Then you will finally see some very odd margin calls.

Happens every time, just like clockwork.

I sold at $390, and still winning.  I will not be re-entering until we're back in the $230-250 range.  I have little doubt it will get there.  I have patience, I can wait.