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

[HeXaN]

Where are the bears?

bears be watchin.... 

waiting buy support?
They dumps at this price?

[JayJuanGee]

^OK.

Hey, how come nobody's talkin' 'bout this?

https://bitcoin.org/en/bitcoin-core/2016-01-07-statement

It's like you all just up and forgot how to appreciate Blockstream!

hahahahaha...


The reason is because, for some strange reason, the one instrument marching band, BJA, has disappeared from this thread and has NOT been trolling in recent days.

He (BJA) is probably out trying to figure out his story in order to make a come back and to tell us about his having had made "mucho bucks" in the latest BTC price movement because of our small blocker stupidities.

[sAt0sHiFanClub]

Hey, how come nobody's talkin' 'bout this?

https://bitcoin.org/en/bitcoin-core/2016-01-07-statement

It's like you all just up and forgot how to appreciate Blockstream!

What is there to talk about? We must yield to them no matter what occurs. Bring this up again and we'll be forced to send you away for reeducation.

I love how ruling elites always find ways to abuse language to control the lower classes. Long held mantra are subtly changed as the propagandistic needs of the leadership changes.

electronic cash that allows online payments to be sent directly from one party to another

Becomes:

We believe Bitcoin can accomplish this by providing the foundation for additional layers on top of the protocol and interfaces with other systems

So the direct peer to peer network is soon to be only the foundation (carrier) for something else.

[Meuh6879]

Choo choo

Yeah, that's a choo choo ...

[ChartBuddy]

Coin



Explanation

[coinzat]

These levels had pushed the price down three times before.
 I think if the price breaks it , we will reach $500 soon. Let's wait and watch

[JayJuanGee]

Where are the bears?

bears be watchin.... 

waiting buy support?
They dumps at this price?

Yeah, they dumps at $434 hoping (and praying if bears are religious) for prices to drop below $300 those unrealistic fucks.         

[aminorex]

So, 435 or 420 will fall eventually.  My bet will be on momentum when that happens.  

Well today was pretty decisive.  

I will suppress the Monkey's intraday estimates, which have never been worth sharing, historically, and skip to his daily/weekly estimates:  Monkey says the next level is 483, which should be approached or surpassed late next week.  Monkey sees a pause upcoming, in the daily global financial market crash, which pause should precede the next significant daily BTC top. But he expects both to continue later in the month, with equities and industrial commodities down, monetary metals and crypto up, going into February.  However, he is bearish long bonds on the weekly chart.  He also sees a pause coming in the oil crash, with potential for a major turn starting this coming Tuesday.  That's his best indication of when the general risk asset crash is likely to pause.

[JayJuanGee]

These levels had pushed the price down three times before.
 I think if the price breaks it , we will reach $500 soon. Let's wait and watch

I mostly agree, and there seems to be sufficient upward pressure, momentum and circumstances for a push to $520-ish, and so the next 24 hours are CRITICAL....


Currently, I am thinking that odds are better than 50/50 that we will at least get into the upper $480s in this round of upward movement..

[JayJuanGee]

So, 435 or 420 will fall eventually.  My bet will be on momentum when that happens.  

Well today was pretty decisive.  Monkey says the next level is 483, in the coming week.

Did monkey take into account that BTC has a frequently-occurring overshooting propensity?  or did s/he/ it consider $483 to serve as such overshooting occurrence?

[MinermanNC]

Well, is everyone happy in here lol, seems when the stock market shakes apart, BTC goes up. 

[aminorex]

Did monkey take into account that BTC has a frequently-occurring overshooting propensity?  or did s/he/ it consider $483 to serve as such overshooting occurrence?

The monkey's estimate of the next significant level appears to be based entirely on recent historical levels.  It is not a target so much as a likely resistance/support level, which can be easily surpassed during a major impulsive move.  I personally would consider his level in light of the intensity of the move.  So far it seems fairly intense and sustained.  If it continues to be, then the monkey's "next" level is probably lower than the eventual near-term daily top.  But again, that's my interpretation, not the monkey.

On a weekly basis, the monkey sees resistance at 583.  However, it is very weak and very remote, and unlikely to be predictive (as both the monkey and I agree).  He thinks it is likely to be early- or mid-February before a weekly local top and downturn, and expects that pause in the upward movement to be mild and brief, before the next uptrend starts.

[marcus_of_augustus]

Well, is everyone happy in here lol, seems when the stock market shakes apart, BTC goes up. 

noone is ever happy in here anymore ... trolls are gonna make sure that there's an endless stream of FUD and negativity explaining how crap and flawed bitcoin is ... bitcoin has a long way to go before trolls throw in the towel, like next ATH.

[MinermanNC]

yes so true... it never ends.

Its only because they know its good, and they missed the boat somewhere along the way 

[HeXaN]

OKCoin Futures close in 7 hours

[HeXaN]

Where are the bears?

bears be watchin....  

waiting buy support?
They dumps at this price?

Yeah, they dumps at $434 hoping (and praying if bears are religious) for prices to drop below $300 those unrealistic fucks.        

$350 is a strong support, we dont see $300 again... im sorry my friend

[ChartBuddy]

Coin



Explanation

[JayJuanGee]

Did monkey take into account that BTC has a frequently-occurring overshooting propensity?  or did s/he/ it consider $483 to serve as such overshooting occurrence?

The monkey's estimate of the next significant level appears to be based entirely on recent historical levels.  It is not a target so much as a likely resistance/support level, which can be easily surpassed during a major impulsive move.  I personally would consider his level in light of the intensity of the move.  So far it seems fairly intense and sustained.  If it continues to be, then the monkey's "next" level is probably lower than the eventual near-term daily top.  But again, that's my interpretation, not the monkey.

On a weekly basis, the monkey sees resistance at 583.  However, it is very weak and very remote, and unlikely to be predictive (as both the monkey and I agree).  He thinks it is likely to be early- or mid-February before a weekly local top and downturn, and expects that pause in the upward movement to be mild and brief, before the next uptrend starts.

I don't really know the exact discretionary strategies of the bull whales or any other whales and what they may have up their blow-holes; however, really to me it seems that the recent BTC volume during this latest pump has not really been very high (relatively speaking), and accordingly, if bullwhales are willing, they would likely be able to throw a quite a bit more fiat to intensify a continued BTC price upsurge, if that were the desired direction of some of these amorphously understood bullwhales....

So,  maybe I am quibbling a little bit, with your characterization that so far our witnessed upward push has been "fairly intense and sustained.".... though I do agree that we gotta kind of look at the intensity thrown at the matter at certain strategic points to attempt to guesstimate to our best ability whether we likely have reached an interim top.

[gentlemand]

noone is ever happy in here anymore ... trolls are gonna make sure that there's an endless stream of FUD and negativity explaining how crap and flawed bitcoin is ... bitcoin has a long way to go before trolls throw in the towel, like next ATH.

It's gotta happen some day but I don't think it'll be any time soon even if there is another all time high in the near future. It'll inevitably overshoot and fall back and there might be a fresh generation of peak buyers susceptible to gloom. Then again, who knows? Perhaps it'll turn into an eternal september and it'll at least please those who hung on throughout the last couple of years.

[gijoes]

Dear Wall Observers,

Now that the most convenient btccharts.com is gone, what do you guys use for multi-exchange wall watching? I've never found anything that even remotely matches it. Any suggestions?