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

[Fatman3001]

Good thing. I see now that price is not drop anymore (2 days ago support of 410$ was reached) Any prevision about the next days?

I've been shouting about a huge cup & handle for quite some time, but none of the TA people seem to agree. It looks artificial, but that normally doesn't seem to matter to TA nerds.

Christmas profits for October to December have been taken - expect it to bounce along in the 405-430 for a few weeks until the the next messiah/scandal event hits.

Once the train is running news are excuses, but not necessary to keep the choo choo going. Unless there's some catastrophic news, like the EU, US or China(again) banning BTC, this mofo will get into orbit and beyond.

Disclaimer: I don't know what I'm talking about.

[ChartBuddy]

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Explanation

[aminorex]

Make America Great Again!

The net migration between u.s. and mex is now in the direction of Mexico. 

I don't insist that vandals should participate in the reality-based community, but I do think your readers should be made aware when you are not.

[ChartBuddy]

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Explanation

[niktitan132]

January 4th we'll start moving up again. You will all see.

[JimboToronto]

Good morning Bitcoinland. Still in the $420s I see, despite the feeble attempt to crash it down around 9:00 UTC.

If the great Boxing Day panic didn't take it below $400 we're probably fairly safe in saying it will hold from here on. It's been over $400 for 3 weeks now.

Sideways for a few days before continuing up?

[Fatman3001]

Make America Great Again!

The net migration between u.s. and mex is now in the direction of Mexico. 

I don't insist that vandals should participate in the reality-based community, but I do think your readers should be made aware when you are not.

BAAAAAAAAHHHHH!!!!

POPULISTS DON'T CARE ABOUT REALITY!!!!!

MEXICANS ARE PERFECT SCAPEGOATS!!!!

BAAAAAAAAAAHHHHH!!!!!!!

[ssmc2]

January 4th we'll start moving up again. You will all see.

Chinese return to buying spree after new years holidays?

[JimboToronto]

January 4th we'll start moving up again. You will all see.

Chinese return to buying spree after new years holidays?

February 8?

[ssmc2]

January 4th we'll start moving up again. You will all see.

Chinese return to buying spree after new years holidays?

February 8?

I believe they celebrate regular new years for a few days then the chinese new year is in February.

[ChartBuddy]

Coin



Explanation

[JimboToronto]

January 4th we'll start moving up again. You will all see.

Chinese return to buying spree after new years holidays?

February 8?

I believe they celebrate regular new years for a few days then the chinese new year is in February.

I'll take your word for that. I've never been to China.

All I know is that it's February when the little red envelopes fly around Toronto.

Gong Hey Fat Choy.  

[JayJuanGee]

Good thing. I see now that price is not drop anymore (2 days ago support of 410$ was reached) Any prevision about the next days?

I've been shouting about a huge cup & handle for quite some time, but none of the TA people seem to agree. It looks artificial, but that normally doesn't seem to matter to TA nerds.

Christmas profits for October to December have been taken - expect it to bounce along in the 405-430 for a few weeks until the the next messiah/scandal event hits.

Once the train is running news are excuses, but not necessary to keep the choo choo going. Unless there's some catastrophic news, like the EU, US or China(again) banning BTC, this mofo will get into orbit and beyond.

Disclaimer: I don't know what I'm talking about.

yeah, but there is not too much excitement in the trade volume, recently.  Trade volume hasn't dried up completely, but also, it has been going down.

I am not sure what to think exactly.

given the trade action of about the past 4 months, it seems too early to conclude that we are heading into some period of stability, as some posters seem to be suggesting, but whether the next correction (or mini correction of 5% - ish) is up or down remains a bit of a mystery.

My ventured guess at the moment is 55% probability of down and 45% probability of up.

[billyjoeallen]

January 4th we'll start moving up again. You will all see.

Chinese return to buying spree after new years holidays?

Have you not been reading the news? The Chinese economy is a basket case. They don't have money to buy anything.

[niktitan132]

January 4th we'll start moving up again. You will all see.

Chinese return to buying spree after new years holidays?

Have you not been reading the news? The Chinese economy is a basket case. They don't have money to buy anything.

Oh yes they do. The Chinese are rich.

[sAt0sHiFanClub]

You mean about the decred, bitcoin unlimited, Bitcoin XT?  and we don't know nothing more yet. This is going to hurt the price again, expect 300 $ in not so much time.

I think 'opt-out' RBF as opposed to FSS-RBF in 0.12 could be the next f*ck up, since its no longer optional. Since most upgrade with the default options set, I feel that could be the next popcorn moment.

The blocksize debate wont cause any change in price on its own, its been rumbling on this long without any changes. However, that could change if, god forbid, we see increased adoption and fuller blocks.

[sAt0sHiFanClub]

January 4th we'll start moving up again. You will all see.

Chinese return to buying spree after new years holidays?

Have you not been reading the news? The Chinese economy is a basket case. They don't have money to buy anything.

Oh yes they do. The Chinese are rich.

They are not really. The vast majority stitch nike runners and assemble iphones for minimum wage.

[ChartBuddy]

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Explanation

[adamstgBit]

[billyjoeallen]

3K bidwall on BFX

EDIT: Aaaand it's gone.