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

[JayJuanGee]

Btc getting closer for a mega dump back to 700

Wow lolikop, you have been waiting for (predicting) such a BTC dump for quite some time.

Sure, it is true that sooner or later we are going to get some kind of meaningful correction in the 15% to 25% range, but there is no real indication that it is going to come anytime soon (yeah, I know as soon as it happens,you are going to say, I told you so, I told you so, even though you are just repeating the same nonsense in order to attempt to act like you know something when you seemingly don't).

I was kind of hypothesizing that a 15% to 25% correction would likely occur before mid $800s, but based on some recent price actions, and seemingly continuing price rising that includes relatively moderate trade volumes, it is quite possible that such an anticipated 15% to 25% price correction may not occur until upper $800s.

Either way, nothing is really certain in bitcoinlandia, and even though technically reasonable that we are going to experience a significant price correction at some point, it is NOT a prerequisite condition that we have to have a significant price correction before proceeding to some kind of new ATH in the $2k to $5k territory.  If we do not get a significant price correction before such a new ATH high explosion, then I would predict that the new next ATH would plateau at a lower level closer to $2k rather than $5k.. just my current thinking.

[Rampion]

After we pass the $785 mark on Stamp there's no real resistance until ATH. And you know what happens when we approach ATH, right? Media frenzy, irrational exuberance, and exponential we go.

On most other markets (Kraken, BTC-E, Huobi) that resistance point, which is the mid-June high, has already been broken. The other side of the story says that on Stamp we had a double or even triple top, which should be a bad signal.

But Bitcoin never gives a fuck about TA or double or triple tops. Up we go. I'm buying!

[rjclarke2000]

After we pass the $785 mark on Stamp there's no real resistance until ATH. And you know what happens when we approach ATH, right? Media frenzy, irrational exuberance, and exponential we go.

On most other markets (Kraken, BTC-E, Huobi) that resistance point, which is the mid-June high, has already been broken. The other side of the story says that on Stamp we had a double or even triple top, which should be a bad signal.

But Bitcoin never gives a fuck about TA or double or triple tops. Up we go. I'm buying!

Why after 785 will we get past 800,900,1000 without too much trouble?

[Rampion]

After we pass the $785 mark on Stamp there's no real resistance until ATH. And you know what happens when we approach ATH, right? Media frenzy, irrational exuberance, and exponential we go.

On most other markets (Kraken, BTC-E, Huobi) that resistance point, which is the mid-June high, has already been broken. The other side of the story says that on Stamp we had a double or even triple top, which should be a bad signal.

But Bitcoin never gives a fuck about TA or double or triple tops. Up we go. I'm buying!

Why after 785 will we get past 800,900,1000 without too much trouble?

Not really, we will go to ATH (around $1200) with no real resistance and then we go exponential for a relatively short time before the crash - like it always happened. I've witnessed this shit three times already

Probably the big rally will not be as exponential and short-lived as in Dec 2013, Apr. 2013 and June 2011 (when price started doubling every week) because the coin is getting mature and the market getting bigger, much more money is needed for the price to double - but its still a very small market which is very prone to big rallies and big crashes.

[Meuh6879]

No whales can handle/provide the discharge, now ...

[Sundark]

Not really, we will go to ATH (around $1200) with no real resistance and then we go exponential for a relatively short time before the crash - like it always happened. I've witnessed this shit three times already

Probably the big rally will not be as exponential and short-lived as in Dec 2013, Apr. 2013 and June 2011 (when price started doubling every week) because the coin is getting mature and the market getting bigger, much more money is needed for the price to double - but its still a very small market which is very prone to big rallies and big crashes.

The question is: is the market mature and big enough to sustain not only rapid pumping but longer periods with bitcoin price over$800?
I don't think we are ready yet, not in 2016.

[Vin]

Not really, we will go to ATH (around $1200) with no real resistance and then we go exponential for a relatively short time before the crash - like it always happened. I've witnessed this shit three times already

Probably the big rally will not be as exponential and short-lived as in Dec 2013, Apr. 2013 and June 2011 (when price started doubling every week) because the coin is getting mature and the market getting bigger, much more money is needed for the price to double - but its still a very small market which is very prone to big rallies and big crashes.

The question is: is the market mature and big enough to sustain not only rapid pumping but longer periods with bitcoin price over$800?
I don't think we are ready yet, not in 2016.

Why not, if I may ask.

[yefi]

Not really, we will go to ATH (around $1200) with no real resistance and then we go exponential for a relatively short time before the crash - like it always happened. I've witnessed this shit three times already

Ipse dixit, huh.

[luckygenough56]

it can go up or down, either way am ready

still i have this idea that it will christmas dump cause everybody expect it to explode like 2013

then 2017 is moon

[hulla]

The 'war on cash' is really starting. Can recommend watching Andrea's Antonopolous recent talk about this very subject.

Yes, i have seen this : https://www.youtube.com/watch?v=6ZCVQHtD2l4





But, Saxo bank is right ... 2000 USD for 1 bitcoin at the end of January 2017 ?









Fuck, it's real ... it's currency WAR.

I will be more than happy if Saxo Bank prediction concern the price of bitcoin to hit 2100$ in the year 2017 was right and looking at the current price I said we're doing good

It will, don't panic

We've a lot for 2017 to let us even reach $3,000+ and don't forget, 2016 in not finished yet

That's cool then. Do you the exact month the price of bitcoin will blow like bazooka?

[ImI]

it can go up or down, either way am ready

still i have this idea that it will christmas dump cause everybody expect it to explode like 2013

then 2017 is moon

as long as we get no doom-news like a hacked exchange, a hardfork or similar shit, there will be the stuff that Rampion wrote about.

[Dafar]

it can go up or down, either way am ready

still i have this idea that it will christmas dump cause everybody expect it to explode like 2013

then 2017 is moon

Actually, what you just said is what everyone expects.... so I expect nothing of that sort to happen. Ie- No major dump in christmas or before ATH, no moon in 2017... just sidewayze

[luckygenough56]

Sidewayz would be boring 

[JayJuanGee]

Not really, we will go to ATH (around $1200) with no real resistance and then we go exponential for a relatively short time before the crash - like it always happened. I've witnessed this shit three times already

Probably the big rally will not be as exponential and short-lived as in Dec 2013, Apr. 2013 and June 2011 (when price started doubling every week) because the coin is getting mature and the market getting bigger, much more money is needed for the price to double - but its still a very small market which is very prone to big rallies and big crashes.

The question is: is the market mature and big enough to sustain not only rapid pumping but longer periods with bitcoin price over$800?
I don't think we are ready yet, not in 2016.

Why not, if I may ask.

Agree, why not? 

This is the kind of assertion that deserves an explanation?   

If you look at Bitcoin's price history, you will see that the late 2013 rise to the ATH from the $100s to $1200, took place over about 7 weeks.

The November 2015  rise from $240 to $502 took place  over 4-5 weeks

The May 2016 rise from $450 to $778 took place over 4 weeks.


This current rise from $550 to $780 took place over 17 weeks (about 4 months)

But if you zoom out further, you will see the current rise from $450 to $780 took place over 7 months and the rise from $240 to $780 played out over 15 months.

In other words, we have gotten to our current price with a whole hell-of-a lot more price support over a longer period of time, which would substantiate greater possibilities that the price could be supported in the current range or even a higher range and even that we may have a considerable spike upwards before coming back down into a kind of "sustainable" range that may well rest above our current price point.

[Hyperjacked]

it can go up or down, either way am ready

still i have this idea that it will christmas dump cause everybody expect it to explode like 2013

then 2017 is moon

as long as we get no doom-news like a hacked exchange, a hardfork or similar shit, there will be the stuff that Rampion wrote about.

Definitely at a pivotal point IMHO...the high of June 2016 sets the stage !!!

Personally I think if we make a spike higher with considerable volume we might see a new all time high within 3 months...

Of course the composite operator loves random chaos within the parameters which includes all of the above mentioned by IMI 

DIsclaimer:I just had a triple shot so take that with a grain of salt...

[Hyperjacked]

After we pass the $785 mark on Stamp there's no real resistance until ATH. And you know what happens when we approach ATH, right? Media frenzy, irrational exuberance, and exponential we go.

On most other markets (Kraken, BTC-E, Huobi) that resistance point, which is the mid-June high, has already been broken. The other side of the story says that on Stamp we had a double or even triple top, which should be a bad signal.

But Bitcoin never gives a fuck about TA or double or triple tops. Up we go. I'm buying!

Sorry man ...didn't read your comment until just now!

We are certainly on the same page...except the TA! The TA is just another tool for the composite operator along with the above mentioned!

Cheers m8

[Elwar]

There has really been no big news (real or not) that would get people to enthusiastically rush to buy, thus causing a huge spike in price.

There is certainly upward pressure and optimism which is necessary for that but that is just one part.

I would say that the current upward momentum is due to the upward direction over the past year and the hopes that something big can push it higher. If the price were slowly falling over the past year there would not be this type of optimism. Even at this price.

Although I would love the price to jump to $3,000, I would rather have a solid price of $900-$1200 backed by adoption as opposed to short term speculation. If the price jumped to $3,000-$5,000 most people would be wanting to cash out into fiat at a huge profit. I would even consider doing so at such a high price. But then what do I have...a bunch of lousy fiat. I would rather have a solid decentralized cryptocurrency that I can spend in more places than being a fiat millionaire.

[DieJohnny]

There has really been no big news (real or not) that would get people to enthusiastically rush to buy, thus causing a huge spike in price.

There is certainly upward pressure and optimism which is necessary for that but that is just one part.

I would say that the current upward momentum is due to the upward direction over the past year and the hopes that something big can push it higher. If the price were slowly falling over the past year there would not be this type of optimism. Even at this price.

Although I would love the price to jump to $3,000, I would rather have a solid price of $900-$1200 backed by adoption as opposed to short term speculation. If the price jumped to $3,000-$5,000 most people would be wanting to cash out into fiat at a huge profit. I would even consider doing so at such a high price. But then what do I have...a bunch of lousy fiat. I would rather have a solid decentralized cryptocurrency that I can spend in more places than being a fiat millionaire.

Bitcoin will bubble to 15k in the next 1-20 months and then everyone will have to wait for 10 years for 45k.

[Fakhoury]

The 'war on cash' is really starting. Can recommend watching Andrea's Antonopolous recent talk about this very subject.

Yes, i have seen this : https://www.youtube.com/watch?v=6ZCVQHtD2l4





But, Saxo bank is right ... 2000 USD for 1 bitcoin at the end of January 2017 ?









Fuck, it's real ... it's currency WAR.

I will be more than happy if Saxo Bank prediction concern the price of bitcoin to hit 2100$ in the year 2017 was right and looking at the current price I said we're doing good

It will, don't panic

We've a lot for 2017 to let us even reach $3,000+ and don't forget, 2016 in not finished yet

That's cool then. Do you the exact month the price of bitcoin will blow like bazooka?

There has really been no big news (real or not) that would get people to enthusiastically rush to buy, thus causing a huge spike in price.

There is certainly upward pressure and optimism which is necessary for that but that is just one part.

I would say that the current upward momentum is due to the upward direction over the past year and the hopes that something big can push it higher. If the price were slowly falling over the past year there would not be this type of optimism. Even at this price.

Although I would love the price to jump to $3,000, I would rather have a solid price of $900-$1200 backed by adoption as opposed to short term speculation. If the price jumped to $3,000-$5,000 most people would be wanting to cash out into fiat at a huge profit. I would even consider doing so at such a high price. But then what do I have...a bunch of lousy fiat. I would rather have a solid decentralized cryptocurrency that I can spend in more places than being a fiat millionaire.

I highly doubt we will see $2,000+ in Jan. 2017.

But I'm sure we will see $2,000 - $3,000 or even $4,000 in 2017.

And as Elwar said, I want it to be slow healthy rise and not a short quick pump, because simply (easy come, easy go).

We've a lot of catalyst for these kind of price to be true in 2017 like the improving fundamentals of Bitcoin, geopolitical and geoeconomics troubles all over the planet, FOMO, Greed and the list goes on.

[harrymmmm]

Not really, we will go to ATH (around $1200) with no real resistance and then we go exponential for a relatively short time before the crash - like it always happened. I've witnessed this shit three times already

Ipse dixit, huh.

So YOU say.
We know Rampion dixit'ed it, but we have no idea what ipse did!