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

[600watt]

Things could be dumping much lower and we'd still be trending upwards

right. all the way down to $430 or so (stamp).

[DaRude]

Heavy resistance, especially in China. If this goes sideways for another hour, it will start looking corrective...

One of these times you're bound to be right. until then... CCMF

How about now?

Now we're back where we started 

[JayJuanGee]

A pump followed by a bigger pump less than a couple of hours?

What is happening?

Whale warring each other?

Well when you're the only whale in the market, essentially dumping into your own bid walls, it's easy.

Nonsense. 


The one whale theory is total baloney, but you keep on with it for months and months and months...

do you really believe such nonsense?  Is there actually any evidence or logic for such an extraordinary claim?  Remember the saying that extraordinary claims require extraordinary evidence... ?  Where is it?

[calme]

Higher lows? Last one went down to $702

made a higher high too so sounds about right.

It all depends on what way ethereum is going. There is more volume in the eth/btc markets than the fiat/btc markets today. If ethereum goes down, bitcoin goes up, and vice versa. I went out when eth was at $15, when I got back it was at $10 and bitcoin was hitting a high of $790 on finex. When eth went back to $12 bitcoin crashed to $740, but it's going back up now eth is going back down.

That might be the main component in the western world. But China doesn't care so much...

[TERA]

The problem with this is the two bottoms don't compare at all.

The section on 2011 is a brief double bottom followed by a strong 6 month pennant where the price never drops below this level 110% above the bottom (kind of like a 38% fib retrace on the log chart).

The section in 2015 has roughly the same bottom being hit over and over for a year and no pennant. If you look on the charts of some other exchanges such as Bitfinex, you see the actual bottom of 160 being hit again in August.

[JayJuanGee]

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.

Passengers of the last (and doomed  ) flight please commence boarding, the pilots are not sober yet and
the fuel tank is only half full, but we will try to give you the ride of your lifetime...

Ladies and gentlemen, due to limited fuel we had to perform an emergence landing... Pilots have sobered now but the fuel tank is empty...

Joking aside, I didn't expect this to escalate so quickly, I didn't have time to decide to short, all happened too quickly...

You are an amusing bear. I want to hate all bears but you sir are too damn funny.

Some times Tzupy is lowballing and exaggerating, but I find him fairly reasonable overall, as far as bears go.

[DaRude]

with this latest dumps: i'm sure you all finally realize the inevitable... that bitcoin is done ... crypto is finally dead .

Your foresight into future is amazing  

the 3k Wall on 440 on bitfinex is a good chance to get cheap coins.

really ?? 440 is cheap coins ??

[calme]

^^ haha. pwnd

[toknormal]

Now we're back where we started  

Perfect double top visible on the 2-hour.

Time to google chartschool for first peak-second peak-neckline mumbo jumbo and what it all means 

[JayJuanGee]

with this latest dumps: i'm sure you all finally realize the inevitable... that bitcoin is done ... crypto is finally dead .

yeah right..     Looks who is back?  Gimpy himself...   Bitcoin is gimpycoin right?    Remember your strong and repeated prediction that bitcoin is stuck in a channel between $350 and $500 and never going to go above $500, EVER?  Remember that nonsense  that you were spewing earlier in the year... ?  Yeah, this year... so I guess your prediciton of never does not count for less than 6 months later?

You are a goofball, and I surprised that you or your buddy, BJA ( oh where is BJA) want to stick in your shilling.. just in case there could be a trend reversal...   Currently, not looking so good for you doomers and gloomers? 

[JayJuanGee]

^^ haha. pwnd

Who is powned?   or what?

[calme]

^^ haha. pwnd

Who is powned?   or what?

It's just some stupid Internet lingo that supposedly gamers say to each other when they beat them. It means "owned." And in this case, was in reference to the guy who said BTC price would stay low forever

[Tzupy]

Things could be dumping much lower and we'd still be trending upwards

right. all the way down to $430 or so (stamp).

Nope. Any significant drop under 500$ favors the bearish scenario, the lower the worse.
So buying and holding from 430$ would carry a high risk, because of the high probability to drop below 200$.

[TERA]

That looks like the best one for now but ideally I'd like something that has the chart and an order entry all in one page so you don't ever have to switch screens.  Even better would be to have an order depth like wisdom and a second chart  (huobi), all one page. Alternatively, it could be compatible with android multi window.

Everything's compatible with multi window

https://play.google.com/store/apps/details?id=com.bjbinc.mwmphone&hl=en

no root

[JayJuanGee]

with this latest dumps: i'm sure you all finally realize the inevitable... that bitcoin is done ... crypto is finally dead .

yeah right..     Looks who is back?  Gimpy himself...   Bitcoin is gimpycoin right?    Remember your strong and repeated prediction that bitcoin is stuck in a channel between $350 and $500 and never going to go above $500, EVER?  Remember that nonsense  that you were spewing earlier in the year... ?  Yeah, this year... so I guess your prediciton of never does not count for less than 6 months later?

You are a goofball, and I surprised that you or your buddy, BJA ( oh where is BJA) want to stick in your shilling.. just in case there could be a trend reversal...   Currently, not looking so good for you doomers and gloomers?

u must forgot, anything over $??? and i'm in the green.. $350 to $500 was horrible with that "scaling issue" overhanging bitcoin. finally it did something.. is about time!

Naw... $350 to $500 was not a bad place to be floating for several months, especially compared with being stuck largely in the lower $200s for 3/4 of a year, and also the whole bear market that seemed to play out for nearly 2 years.

By the time we reached $350 to $500, it was beginning to become quite clear that the bear trend had reversed, even though there were a bunch of rage quitter wanna bees, bitcoin nayspreaders who seemed intent on either causing a neutralizing of the reversal of the bull trend or to resume to a bear trend (or minimally flat).  And, if you do not forget, you were contributing to that nonsense FUCD spreading... and difficult to give you any benefit of the doubt regarding the extent of your fantastical nonsense.

We are in a very great place right now, even if we were to get a correction into the upper $500s, which does not seem too likely at the moment... Currently, in spite several corrections over the past couple of days, we are experiencing a considerable amount of upwards price pressures on BTC.  I don't know if we are going to break $850, but at the moment, the current market conditions are looking pretty good for such a break.  At the same time, we are getting some resistance in this upper $700s and such resistance can continue within the $750 or so to $850 price range, and accordingly either bears or bulls could win such a price battle, but either way, bitcoin still is in a very decent place, even if we get a significant price correction from here.


By the way, whether you are in the green or not (significantly) seems to be quite irrelevant to this whole topic.  Why does it matter whether you are in the green?  Do you think that we are competing against each other regarding who is in the green or not and by how much?  It does not matter, and the main thing is whether you have set up your various investments in accordance with your own financial circumstances and your views about bitcoin and your risk profile, no?

[Master mind]

FIAT bubble in BTC blockchain soon halving.

[Tzupy]

Things could be dumping much lower and we'd still be trending upwards

right. all the way down to $430 or so (stamp).

Nope. Any significant drop under 500$ favors the bearish scenario, the lower the worse.
So buying and holding from 430$ would carry a high risk, because of the high probability to drop below 200$.

did u hear that everyone ?? he said btc is going below $200.00.. we should all sell.

Did you forget to put glasses on, or what? I didn't say BTC is definitely going below 200$, but that dropping significantly below 500$ increases the risk for that to happen.

[calme]

FUD on the Internet all you want. Or go to San Francisco/Silicon Valley and get free meals/wine at the twice weekly meetups, courtesy of the rise and rise of BTC

[Master mind]

FIAT bubble in BTC blockchain soon halving.

[DaRude]

with this latest dumps: i'm sure you all finally realize the inevitable... that bitcoin is done ... crypto is finally dead .

yeah right..     Looks who is back?  Gimpy himself...   Bitcoin is gimpycoin right?    Remember your strong and repeated prediction that bitcoin is stuck in a channel between $350 and $500 and never going to go above $500, EVER?  Remember that nonsense  that you were spewing earlier in the year... ?  Yeah, this year... so I guess your prediciton of never does not count for less than 6 months later?

You are a goofball, and I surprised that you or your buddy, BJA ( oh where is BJA) want to stick in your shilling.. just in case there could be a trend reversal...   Currently, not looking so good for you doomers and gloomers?

u must forgot, anything over $??? and i'm in the green.. $350 to $500 was horrible with that "scaling issue" overhanging bitcoin. finally it did something.. is about time!

Naw... $350 to $500 was not a bad place to be floating for several months, especially compared with being stuck largely in the lower $200s for 3/4 of a year, and also the whole bear market that seemed to play out for nearly 2 years.

By the time we reached $350 to $500, it was beginning to become quite clear that the bear trend had reversed, even though there were a bunch of rage quitter wanna bees, bitcoin nayspreaders who seemed intent on either causing a neutralizing of the reversal of the bull trend or to resume to a bear trend (or minimally flat).  And, if you do not forget, you were contributing to that nonsense FUCD spreading... and difficult to give you any benefit of the doubt regarding the extent of your fantastical nonsense.

We are in a very great place right now, even if we were to get a correction into the upper $500s, which does not seem too likely at the moment... Currently, in spite several corrections over the past couple of days, we are experiencing a considerable amount of upwards price pressures on BTC.  I don't know if we are going to break $850, but at the moment, the current market conditions are looking pretty good for such a break.  At the same time, we are getting some resistance in this upper $700s and such resistance can continue within the $750 or so to $850 price range, and accordingly either bears or bulls could win such a price battle, but either way, bitcoin still is in a very decent place, even if we get a significant price correction from here.


By the way, whether you are in the green or not (significantly) seems to be quite irrelevant to this whole topic.  Why does it matter whether you are in the green?  Do you think that we are competing against each other regarding who is in the green or not and by how much?  It does not matter, and the main thing is whether you have set up your various investments in accordance with your own financial circumstances and your views about bitcoin and your risk profile, no?

u the one who said it wasnt looking good for doomers and gloomers .. just because i fud u doesn't mean i'm not HODLing the entire time . i still don't trust bitcoin to buy at these prices. did the scaling issue get fixed yet ?? if it hasn't, really have to wonder why not . i'm NOT fudn u right now.. i'm just saying .

We all got together and realized that it's not really an issue. And the less you F' with it the better look at etherpoop