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

[jbreher]

mp3 is a fraud on your ears

I never heard the notion articulated in this manner. However, in that mp3 encoding throws out content below some arbitrary threshold of 'psychoacoustically unimportant', it is quite literally true.

[PoolMinor]

all I see right now
is a 6-months long cup and handle formation
 

How about double top with the lower second peak?
Is this a sole "contrarian view", or are there more who expect a proper correction right now?

I see what you see in addition to other indicators. The trick is to look at the indicators and not with your heart. For those looking for an upward price tend to only see things that support this ( I too want the price to go up, unfortunately "wanting it" does not make it happen).

Below is the 3d chart from Bitfinex: Note the orange arrow with a Doji and the green arrow shows the confirmation. And the red circle denotes the "Crossover - As shown in the chart below, when the MACD (white line) falls below the signal line (orange line), it is a bearish signal, which indicates that it may be time to sell."




Now note the 1d chart Bitfinex: The green arrow noting the Doji and the orange arrow confirming. See also the red circle showing another MACD crossover indicating a bearish signal. Again, I am not a bear, I do wish for the price to continue upward. This is just my chart reading. Also not shown on these charts is the 1w RSI indicator showing still overbought. But please don't take my charting trend analysis as fact, research your own opinions.

[peonminer]

Shorty mc short short time? Is that what you are trying to tell us??~~

[biggus dickus]

all I see right now
is a 6-months long cup and handle formation
 

How about double top with the lower second peak?
Is this a sole "contrarian view", or are there more who expect a proper correction right now?

I think the price doubled because of the halving, and it's not going back down because the miners don't have as many coins to dump. There have been double tops without corrections, and cups without handles. Chart formations don't always work, unless somebody has coins to dump the price isn't going back down.

[0xfff]

all I see right now
is a 6-months long cup and handle formation
 

How about double top with the lower second peak?
Is this a sole "contrarian view", or are there more who expect a proper correction right now?

I think the price doubled because of the halving, and it's not going back down because the miners don't have as many coins to dump. There have been double tops without corrections, and cups without handles. Chart formations don't always work, unless somebody has coins to dump the price isn't going back down.

I hope so. I think these price increases are great for bitcoin. I hope it keeps going up and I keep making money!!! 

[kludzins]

And here comes old dead dinosaur Europe

https://www.cryptocoinsnews.com/european-union-authority-talks-blockchain-techand-banning-it/

[petahashminer]

lol

i am waiting for 145th chinesee ban.

[Vin]

lol

i am waiting for 145th chinesee ban.

I think, that we don´t have to wait too long 

[Karartma1]

And here comes old dead dinosaur Europe

https://www.cryptocoinsnews.com/european-union-authority-talks-blockchain-techand-banning-it/

Jurassic Union at its worst: such control freaks. Go on Bitcoin this old crumblin world does not understand you!
Why is that everything new needs to resemble something old? why!

[0rganic]

And here comes old dead dinosaur Europe

https://www.cryptocoinsnews.com/european-union-authority-talks-blockchain-techand-banning-it/

Jurassic Union at its worst: such control freaks. Go on Bitcoin this old crumblin world does not understand you!
Why is that everything new needs to resemble something old? why!

Buckle up and HODL, fiat is going bye bye, guess whats coming around again, or should I say incoming, did someone say asteroid?

I'll leave this clue here.. https://www.youtube.com/watch?v=366DExfdQWM&list=PLi37OtAXz4M_kUx8oXSY2YjNo0dQYNVUI

[yefi]

I see what you see in addition to other indicators. The trick is to look at the indicators and not with your heart. For those looking for an upward price tend to only see things that support this ( I too want the price to go up, unfortunately "wanting it" does not make it happen).

Below is the 3d chart from Bitfinex: Note the orange arrow with a Doji and the green arrow shows the confirmation. And the red circle denotes the "Crossover - As shown in the chart below, when the MACD (white line) falls below the signal line (orange line), it is a bearish signal, which indicates that it may be time to sell."

Could be a fakeout, as we had this before the May/June rally. With the uncertainty surrounding Segwit, I wouldn't be sure on that, of course.

[Fatman3001]

the storm is coming

http://e24.no/digital/digital-valuta/banker-forbereder-seg-paa-digital-valuta-jeg-tror-dette-kommer-til-aa-snu-ting-paa-hodet/23849012

[bitebits]

OK bitcoin, we all know you want to go down with at least 50$ to create some healthy panic around here. Let's do it!

[rjclarke2000]

the storm is coming

http://e24.no/digital/digital-valuta/banker-forbereder-seg-paa-digital-valuta-jeg-tror-dette-kommer-til-aa-snu-ting-paa-hodet/23849012

Is there an English version??

[nanobtc]

Google Translate version here:  https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fe24.no%2Fdigital%2Fdigital-valuta%2Fbanker-forbereder-seg-paa-digital-valuta-jeg-tror-dette-kommer-til-aa-snu-ting-paa-hodet%2F23849012&edit-text=

[cmacwiz]

This is it, time is up. rewards have been halved, hype is brewing. Bitcoin always going to be bummin' around, and paper $$$ only gets less useful by the day.

In 1 week we will be pushing 800

In 1 year we will be pushing 2400

In 10 years, global economic unity.

Liquid fucking bits

[rjclarke2000]

This is it, time is up. rewards have been halved, hype is brewing. Bitcoin always going to be bummin' around, and paper $$$ only gets less useful by the day.

In 1 week we will be pushing 800

In 1 year we will be pushing 2400

In 10 years, global economic unity.

Liquid fucking bits

I like your optimism.

[Fakhoury]

This is it, time is up. rewards have been halved, hype is brewing. Bitcoin always going to be bummin' around, and paper $$$ only gets less useful by the day.

In 1 week we will be pushing 800

In 1 year we will be pushing 2400

In 10 years, global economic unity.

Liquid fucking bits

I like your optimism.

I don't know why, when I read Cmacwiz's post, I felt it's really true and it will happen.

[TERA]

Bitcoin is too fragile to be used for 'global economic unity' or anything like that. Try to think in a timespan of beyond 20 years in which it will definitely be hacked/cracked by then or they will find some way to keep the network from functioning in some way or the other. In a best case scenario, we briefly touch something like $20,000 in a speculative bubble before crashing. That is the play here.

[ImI]

This is it, time is up. rewards have been halved, hype is brewing. Bitcoin always going to be bummin' around, and paper $$$ only gets less useful by the day.

In 1 week we will be pushing 800

In 1 year we will be pushing 2400

In 10 years, global economic unity.

Liquid fucking bits

I like your optimism.

I don't know why, when I read Cmacwiz's post, I felt it's really true and it will happen.

You better hope that BTC won't become the "global economic unity". If so even one BTC would be worth hundreds of millions US$ and every current holder would be haunted.