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

[_biO_]

I've been trying to compare 2014-2016 to 2011-2013 under the assumption that it's time to break ATH now but it doesn't make any sense and the structure/symmetry just isn't the same (not to mention the different timescales). In the 2011 chart you can see that bottom being reached to the left only 33% of the way through the chart. However in the 2015 chart you see bottom not being reached until 50% of the way through the chart and dragging on all the way through 75% of the way through the chart at roughly the same level. The bottoming out was much weaker and the jump to now supposedly try to challenge ATH is extremely sudden. Therefore, odds are most likely that we need another midterm consolidation of 6 months of to make an even chart. I see the following possibilities:
1. 25%: This is a trap and a sort of double top before another serious bear market.
2. 50%: There is going to be a 6 month consolidation phase before ATH is broken.
3. 25%: ATH is broken now.

100%: this analysis is bullshit

[savetherainforest]

It's funny how, when the price is going up, I'm totally convinced the nature of Bitcoin is to keep going up eventually to $32,768, and then when the price is going down, I'm totally convinced the nature of Bitcoin is to keep going down eventually to $1 after some grand plot is revealed (jaded penny stock investor), and the only difference changing my feelings... is the color of the candles.

you're the only person here i thought could trade somewhat rationally. this is depressing news.

It has nothing to do with trading. It's just the emotions I feel.

... It has nothing to do with trading. It's just the emotions I feel.

Yes ... but the emotion tells me that it will not go to 1$ as you said ...

it is like trying to bring back a rocket from space with no fuel left in the reservoir for the return.

The emotional value is the value that satisfies the perceived acceptable spending power of 1% that one has and considers it satisfying/minimum loss!

[Tzupy]

once we hit

747

this thing is going to take off.

Passengers of the last (and doomed  ) flight please return to the lounge, takeoff is delayed by a couple of hours.

[spooderman]

1. 25%: This is a trap and a sort of double top before another serious bear market.
2. 50%: There is going to be a 6 month consolidation phase before ATH is broken.
3. 25%: ATH is broken now.

100%: this analysis is bullshit

actually i completely agree with this.

[calme]

There used to be so many bears in here. What happened to them? Identity crisis?

[Ted E. Bare]

Bitcoin Block Reward Halving Countdown:
Only 22 more days!

Reward drop ETA: Sun, 10 Jul 2016 10:44:06 GMT

[shizuska]

We should see a new market cap ATH soon, was it around 13b?

[bitebits]

We should see a new market cap ATH soon, was it around 13b?

In Bitcoin, soon^© is as variable in time as Microsoft minutes are.

https://coinmarketcap.com/currencies/bitcoin/ (the blue line)

[rjclarke2000]

We should see a new market cap ATH soon, was it around 13b?

I'm sure I remember seeing 17b in 2013

[rjclarke2000]

There used to be so many bears in here. What happened to them? Identity crisis?

What happened to Assmaster and his bullshit on a coin beginning with E? I didn't see him boasting about a 30% drop

[JayJuanGee]

We should see a new market cap ATH soon, was it around 13b?

In Bitcoin, soon^© is as variable in time as Microsoft minutes are.

https://coinmarketcap.com/currencies/bitcoin/ (the blue line)

Yeah, the blue line shows a tiny bit more than $13.5 billion... So clearly we could count that or maybe $14 billion just to be clearly in the clear and unambiguous.

It will be exciting this weekend to see if we start to get close to breaking into $800s... or maybe we will have to wait one more week or a few more weeks? 

We almost got spoiled by the last three weekends in a row, which almost cause an expectation that something is going to happen either this weekend or next week?  Anyone?  I'm placing breaking into $800 as a bit greater odd than breaking below $680.... You see that I have been somewhat tempered by two years of bear dumps.

[Fatman3001]

where choo choo at?

i wanna buy a boat!

[DeathAngel]

where choo choo at?

i wanna buy a boat!

I was hoping to see $800 bitcoin's this weekend. I wouldn't like to be left disappointed

[marcus_of_augustus]

There used to be so many bears in here. What happened to them? Identity crisis?

What happened to Assmaster and his bullshit on a coin beginning with E? I didn't see him boasting about a 30% drop

Pretty sure he's #Assrekt so hard right now ... he should have spent more time checking his smart contracts code instead of gloating on bitcoin forums about his altcoin scam. The harder they gloat the worse it was going to be for them. Vitalik and his crew better have good liability insurance cause the smart lawyers are lining up for their piece of a crack at #assrekt and buddies.

http://pastebin.com/CcGUBgDG

    I am disappointed by those who are characterizing the use of this intentional feature as "theft". I am making use of this explicitly coded feature as per the smart contract terms and my law firm has advised me that my action is fully compliant with United States criminal and tort law. For reference please review the terms of the DAO:

    "The terms of The DAO Creation are set forth in the smart contract code existing on the Ethereum blockchain at 0xbb9bc244d798123fde783fcc1c72d3bb8c189413. Nothing in this explanation of terms or in any other document or communication may modify or add any additional obligations or guarantees beyond those set forth in The DAO’s code. Any and all explanatory terms or descriptions are merely offered for educational purposes and do not supercede or modify the express terms of The DAO’s code set forth on the blockchain; to the extent you believe there to be any conflict or discrepancy between the descriptions offered here and the functionality of The DAO’s code at 0xbb9bc244d798123fde783fcc1c72d3bb8c189413, The DAO’s code controls and sets forth all terms of The DAO Creation."

[bitebits]

We almost got spoiled by the last three weekends in a row, which almost cause an expectation that something is going to happen either this weekend or next week?  Anyone?  I'm placing breaking into $800 as a bit greater odd than breaking below $680.... You see that I have been somewhat tempered by two years of bear dumps.

I am not trading, but would not be surprised if we get dumped back to the low 600's or even high 500's.
Just to create some healthy Bitcoin panic.

Whatever way we go: fasten your seat belt.

[calme]

We're just pushing up through RMB 5000 sells and will do so sooner or later. No worries

[inca]

I am scaled back to 1/3: btc and 2/3 cash in my trading stash. Expect the price to moon as a consequence. Thank me later.

[rtrtcrypto]

That might be true (about following programmed logic), but shorting the market before that move is likely not to stand up as legal in court. If the hacker came forth, he would find legal trouble.

There used to be so many bears in here. What happened to them? Identity crisis?

What happened to Assmaster and his bullshit on a coin beginning with E? I didn't see him boasting about a 30% drop

Pretty sure he's #Assrekt so hard right now ... he should have spent more time checking his smart contracts code instead of gloating on bitcoin forums about his altcoin scam. The harder they gloat the worse it was going to be for them. Vitalik and his crew better have good liability insurance cause the smart lawyers are lining up for their piece of a crack at #assrekt and buddies.

http://pastebin.com/CcGUBgDG

    I am disappointed by those who are characterizing the use of this intentional feature as "theft". I am making use of this explicitly coded feature as per the smart contract terms and my law firm has advised me that my action is fully compliant with United States criminal and tort law. For reference please review the terms of the DAO:

    "The terms of The DAO Creation are set forth in the smart contract code existing on the Ethereum blockchain at 0xbb9bc244d798123fde783fcc1c72d3bb8c189413. Nothing in this explanation of terms or in any other document or communication may modify or add any additional obligations or guarantees beyond those set forth in The DAO’s code. Any and all explanatory terms or descriptions are merely offered for educational purposes and do not supercede or modify the express terms of The DAO’s code set forth on the blockchain; to the extent you believe there to be any conflict or discrepancy between the descriptions offered here and the functionality of The DAO’s code at 0xbb9bc244d798123fde783fcc1c72d3bb8c189413, The DAO’s code controls and sets forth all terms of The DAO Creation."

[ahpku]

There used to be so many bears in here. What happened to them? Identity crisis?

What happened to Assmaster and his bullshit on a coin beginning with E? I didn't see him boasting about a 30% drop

Pretty sure he's #Assrekt so hard right now ... he should have spent more time checking his smart contracts code instead of gloating on bitcoin forums about his altcoin scam. The harder they gloat the worse it was going to be for them. Vitalik and his crew better have good liability insurance cause the smart lawyers are lining up for their piece of a crack at #assrekt and buddies.

In light of the tragical dearth of learnings amongst you gentlefolk, allow me to turn you on to this little-known trick utilized by the better-informed traders: it's called selling.

Unlike the unworldly hodler (who inevitably puts a ring on his beloved asset), a competent trader retains the option to offboard the gravy boat when said conveyance springs an annoying leak (such as The Great The_DAO multi-compartment double-hull breach of 2016).

To steer this doomed luxury liner back on its thrice-cursed tragical course topic, such savvy traders may utilize our beloved bitcoin in their cold, calculated exit strategies, thus generating temporary BTC demand. So if the smarter amongst you gentlemen* was wonderin' why BTC price has not adhered to its time-tested, tear-lubed trajectory (assured by maths, ballistics, and, most of all, gravity), that's why
*Inca has clearly been to universities...

[Sitarow]

Cute as that may be to sue all participants. it would be nice to see the face of the claimant.

Edit for clarity.

That might be true (about following programmed logic), but shorting the market before that move is likely not to stand up as legal in court. If the hacker came forth, he would find legal trouble.

There used to be so many bears in here. What happened to them? Identity crisis?

What happened to Assmaster and his bullshit on a coin beginning with E? I didn't see him boasting about a 30% drop

Pretty sure he's #Assrekt so hard right now ... he should have spent more time checking his smart contracts code instead of gloating on bitcoin forums about his altcoin scam. The harder they gloat the worse it was going to be for them. Vitalik and his crew better have good liability insurance cause the smart lawyers are lining up for their piece of a crack at #assrekt and buddies.

http://pastebin.com/CcGUBgDG

   I am disappointed by those who are characterizing the use of this intentional feature as "theft". I am making use of this explicitly coded feature as per the smart contract terms and my law firm has advised me that my action is fully compliant with United States criminal and tort law. For reference please review the terms of the DAO:

    "The terms of The DAO Creation are set forth in the smart contract code existing on the Ethereum blockchain at 0xbb9bc244d798123fde783fcc1c72d3bb8c189413. Nothing in this explanation of terms or in any other document or communication may modify or add any additional obligations or guarantees beyond those set forth in The DAO’s code. Any and all explanatory terms or descriptions are merely offered for educational purposes and do not supercede or modify the express terms of The DAO’s code set forth on the blockchain; to the extent you believe there to be any conflict or discrepancy between the descriptions offered here and the functionality of The DAO’s code at 0xbb9bc244d798123fde783fcc1c72d3bb8c189413, The DAO’s code controls and sets forth all terms of The DAO Creation."