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

[marcus_of_augustus]

looks like we got ourselves a real life bear trap  ... with some real life bears all caught up in thar, should be interestinn

[PoolMinor]

Here is the normal phrases everyone seems to say after each dip.


Last chance to get cheap coins......


Just a whale shaking out the weak hands......


Just another Bear trap..........


I hope it stays low so my fiat can buy more at this price (because the last 2 years it wasn't low enough to do so).

[savetherainforest]

ok, time for a rebound!    700 by tomorrow then 800 by Saturday  

Lol!
You know there is an actual end to the rise of btc price don't you? xD
The price just can't goes up and up for eternity!

You are probably looking at the wrong charts... The bubble hasn't stopped, it is somewhere between 5-15% of its course. The traders are just shaking the trees for more pears&apples.

it is supposed to be something like this:

         A
         | \
         |   \   _
         |     \/  \         ...........
         |           \      /
         |            |  _/
         |             \/
         |
         |
         |
         |
         |
         |
 /\     |
/  \    /
     W       <------  WE ARE HERE!!!



*Edit: That is how the last 2 bubbles worked out... but this 3rd one is acting strange.. like its taking its time or something like that... I can name it : "The No Rush Bubble!"

looks like we got ourselves a real life bear trap   ... with some real life bears all caught up in thar, should be interestinn

Double Trap incoming!!!

2x

[JayJuanGee]

ok, time for a rebound!    700 by tomorrow then 800 by Saturday  

Lol!
You know there is an actual end to the rise of btc price don't you? xD
The price just can't goes up and up for eternity!

You are probably looking at the wrong charts... The bubble hasn't stopped, it is somewhere between 5-15% of its course. The traders are just shaking the trees for more pears&apples.

it is supposed to be something like this:

         A
         | \
         |   \   _
         |     \/  \         ...........
         |           \      /
         |            |  _/
         |             \/
         |
         |
         |
         |
         |
         |
 /\     |
/  \    /
     W       <------  WE ARE HERE!!!



*Edit: That is how the last 2 bubbles worked out... but this 3rd one is acting strange.. like its taking its time or something like that... I can name it : "The No Rush Bubble!"
 

O.k.... If you are referring to the last two bubbles in 2013, then you might expect some parallels; however, it seems quite unrealistic to expect the bubbles to play out in the same way... (even though coincidentally, it is possible that we could get lucky and experience them in exactly the same way).

What I mean is that bitcoin is between 2 1/2 and 3 years older, and quite a bit has taken place in the bitcoin space during the elapsed time... including but not limited to developments, liquidation avenues, adoption avenues and shorting tools (opportunities) and even broader adoption and possibly government attention. 

Possibly all of these factors could turn out to be a wash, and maybe the bubble (once it gets going), will play out very similarly to the 2013 bubbles, but there is something erroneous in developing some kind of reliance upon such.

[orpington]

At the halving, bitcoin will be home.

And home is $666 !!!

[var53]

At the halving, bitcoin will be home.

And home is $666 !!!

In the last two weeks there was a double top at $700, and now there is a double bottom at $600+.

The conflicting chart patterns will confuse the traders and keep the price at $666. Bitcoin seems to like being at $666.

[savetherainforest]

ok, time for a rebound!    700 by tomorrow then 800 by Saturday  

Lol!
You know there is an actual end to the rise of btc price don't you? xD
The price just can't goes up and up for eternity!

You are probably looking at the wrong charts... The bubble hasn't stopped, it is somewhere between 5-15% of its course. The traders are just shaking the trees for more pears&apples.

it is supposed to be something like this:

         A
         | \
         |   \   _
         |     \/  \         ...........
         |           \      /
         |            |  _/
         |             \/
         |
         |
         |
         |
         |
         |
 /\     |
/  \    /
     W       <------  WE ARE HERE!!!



*Edit: That is how the last 2 bubbles worked out... but this 3rd one is acting strange.. like its taking its time or something like that... I can name it : "The No Rush Bubble!"
 

O.k.... If you are referring to the last two bubbles in 2013, then you might expect some parallels; however, it seems quite unrealistic to expect the bubbles to play out in the same way... (even though coincidentally, it is possible that we could get lucky and experience them in exactly the same way).

What I mean is that bitcoin is between 2 1/2 and 3 years older, and quite a bit has taken place in the bitcoin space during the elapsed time... including but not limited to developments, liquidation avenues, adoption avenues and shorting tools (opportunities) and even broader adoption and possibly government attention. 

Possibly all of these factors could turn out to be a wash, and maybe the bubble (once it gets going), will play out very similarly to the 2013 bubbles, but there is something erroneous in developing some kind of reliance upon such.

Yes .. I know... it is a bit delusional ... I have to admit that you have a point.

But till now I gambled on the edge of each pump/dump... I always got out just in time! ... But I was lately a coward and took no action very much, because I was very confused.

And the reason for my confusion was that I wasn't seeing the pattern... And this one now it will be a full blown bubble out of proportions like the two other ones and we are where I said we are... Or it is just a similar rally, like the one we had from September > February.  But it is one of those two 100% .. but I feel that I'm more inclined toward the ultra bubble, but the timings are way, way, way off... as I said "The No Rush Bubble!" ... I tried to compare it to the other 2 bubbles and I can tell you those moved very fast! This one moved very slowly! ... But the actual problem is that its the same similar "W" pattern like the last one especially.

[Laosai]

I just hope the btc won't be too overpriced... It would be followed by a huge crash just after the halving :/

[JayJuanGee]

[edited out]

Yes .. I know... it is a bit delusional ... I have to admit that you have a point.

But till now I gambled on the edge of each pump/dump... I always got out just in time! ... But I was lately a coward and took no action very much, because I was very confused.

And the reason for my confusion was that I wasn't seeing the pattern... And this one now it will be a full blown bubble out of proportions like the two other ones and we are where I said we are... Or it is just a similar rally, like the one we had from September > February.  But it is one of those two 100% .. but I feel that I'm more inclined toward the ultra bubble, but the timings are way, way, way off... as I said "The No Rush Bubble!" ... I tried to compare it to the other 2 bubbles and I can tell you those moved very fast! This one moved very slowly! ... But the actual problem is that its the same similar "W" pattern like the last one especially.

None of us know for sure, and yeah, we could get an exponential growth spurt that takes us beyond the previous ATH and into the $3 to $5k territory, and potentially beyond; however, I believe that this particular pending bubble is likely to experience a few more profit taking and even a slower and longer upwards spurt - mostly because there are more tools available for rich folks, bears and anti-bitcoin folks to take measures to bet on downwards and also to attempt to push prices downwards.

[MinermanNC]

ok, time for a rebound!    700 by tomorrow then 800 by Saturday 

Lol!
You know there is an actual end to the rise of btc price don't you? xD
The price just can't goes up and up for eternity!

Its designed to go up and up lol but all things will come to an end...... hopefully just not at 600 

[Mrpumperitis]

https://www.youtube.com/watch?v=UJf0r8d1QuE&list=PL5920D56C3AE11DD0&index=29

[yugo23]

Its designed to go up and up lol but all things will come to an end...... hopefully just not at 600 

To tell the truth, I just hope we won't live long enough to see the end of btc.
And end of price rise would mean a btc less and less used. What a horrible prediction ^^

[MinermanNC]

Its designed to go up and up lol but all things will come to an end...... hopefully just not at 600 

To tell the truth, I just hope we won't live long enough to see the end of btc.
And end of price rise would mean a btc less and less used. What a horrible prediction ^^

Precisely!

[BlindMayorBitcorn]

Mind blowing news from Dr. Ruja.

The business is heading in to phase 2, so if phase 1 scared you with doubt and suspicion...

[BlindMayorBitcorn]

I do not believe any of the other cryptpcurreny have the kind of real vision like we have. This exchange will one day become the one with the most cryptocurrency users worldwide.

https://www.youtube.com/watch?v=eTqZCjUx1UI

A lot of you will be even business partners and friends.

[Hunyadi]

IT DOESN'T LOOK GOOD!

If you want to have any gains from bitcoin or avoid further losses, then you should sell all your bitcoins now. We are in a clearly confirmed long term downtrend toward historical analysis lows based on all confirmed forum data and databases confirmed by all government sources. These are just the facts.

[DaRude]

IT DOESN'T LOOK GOOD!

If you want to have any gains from bitcoin or avoid further losses, then you should sell all your bitcoins now. We are in a clearly confirmed long term downtrend toward historical analysis lows based on all confirmed forum data and databases confirmed by all government sources. These are just the facts.

No way, is proudhon saying that ... bitcoin ... is ... dead?? NO WAY!!! Yes it's been confirmed!

[JayJuanGee]

IT DOESN'T LOOK GOOD!

If you want to have any gains from bitcoin or avoid further losses, then you should sell all your bitcoins now. We are in a clearly confirmed long term downtrend toward historical analysis lows based on all confirmed forum data and databases confirmed by all government sources. These are just the facts.

So, you are saying we should sell all our coins and then maybe buy back in at a lower price, like maybe what price?  $500s?  $400s?  $300s? or some other price?

And, then what would be a better investment than bitcoins?  Just keep the proceeds in dollars, or you have some other suggestion?  PMs?  Real estate?  Stocks? or some other crypto? ETH?  DAO? WAVES?

My bitcoins have been doing pretty good in the past year-ish, and the future seems pretty bright for bitcoin with ongoing development, adoption, decent press, halvening, seg wit, lightning network, pretty much resolution of the blocksize debate with the discrediting of a lot of the big blocker nonsense (XT, Classic and Gavin, for example), but if you are saying sell all the bitcoins, then maybe I need to consider other options, no?  especially, if you could possibly know what you are talking about, especially if you are saying the confirmed data suggests to sell, no?

Is that confirmed data, also known as FUCD spreading, or is it real, like real, real?

[BlindMayorBitcorn]

All the real, real accounts have been bought and sold half a dozen times each, at least. This is our stock in trade, if you hadn't noticed?
NB. I bought this one for 2 BTC from a Bavarian. The money was meant to get him to a Trout festival in Carson city. But I don't see how I'm supposed to make that money back. In hindsight it may turn out to have been a sort of poor business decision.

[MinermanNC]

IT DOESN'T LOOK GOOD!

If you want to have any gains from bitcoin or avoid further losses, then you should sell all your bitcoins now. We are in a clearly confirmed long term downtrend toward historical analysis lows based on all confirmed forum data and databases confirmed by all government sources. These are just the facts.

Been hearing that kind of talk for almost 4 years lol,,, they keep getting proven wrong...

Edit: and mix in all the other alts etc. I'd say crypto is doing well overall..... I don't rely just on BTC either to make money, although all roads lead to Bitcoin