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

[sirazimuth]

Bear trap nearly over, time for some FOMO

What made you so sure ?

huh! was just about to post bump some really cool FOMO memes!

[Fakhoury]

Bear trap nearly over, time for some FOMO

What made you so sure ?

huh! was just about to post bump some really cool FOMO memes!

I'm not against the up leg for sure, what I've saw a lot of people talking about that today is the most bullishest day in the rally and we will continue so soon.

Example

[thebitcoingirl]

bubble resumed, new bull wave starting..

[JayJuanGee]

Xmas correction to 860$ and then rocket goes to moon?

Is not even $860. It was $800 and now the price it going $900 cos the current price is $899. Rocket does go to the moon

I hope it comes back to $800 for some time, I'm prepared to purchase more of bitcoins for $800, but not for more than that.

Bitcoin is sustaining the price of $899-$900 today by the way.

The prediction says the price will rise above $1000 next year. So, I think you're a lil late for that. Though the current price is $888 and that because of the Christmas holiday.

See, it was $900 yesterday, today it is $867, I still think that it is going to calm down for a day, before even the new year, will go down to somewhat like $800-$825 before January. That'll be the best time to get some more of it.

Hope springs eternal.


You are saying:  "I sure hope it  goes down so I can buy some more.. ... "

Good luckie with holding out for thatie.   

We had some decent down... .. hahahahahaha.. and I was buying all the way down...

I actually got a little nervous at $860 because accidentally I had filled duplicate orders at $860.... and I was thinking "oh shit I bought more than I expected"  but now, it is seeming to have worked out pretty well.. .. and sell orders have already begun triggering.. even though we may be back at $920 in less than a day... could be, no?

[JimboToronto]

Good morning Bitcoinland and a very merry Xmas to all, bulls and bears, holders and traders alike. Happy holidays to those who don't do Xmas.



I see we had a little Xmas eve dip and we're halfway back up already... $886USD/$1200CAD at Bitcoinaverage.

If it had been deep enough to consider buyable, I'd be pissed off that everything's closed except a few 24-hour convenience stores with exorbitant BTC ATM fees. As it is, I don't consider a dip worth buying if its ahead of where we were the day before yesterday.

Just a minor glitch on low volume. Not a stocking full of goodies but not a lump of coal either.

I guess we'll have to make do with friends, family, food and fun. Cheers to all.

[Ibian]

Just remember that anything above 850 is awesome.

You seem to be setting yourself up for failure if you are expecting $850 to hold in order for bitcoin to be in a state of "awesome"

We gotta also remember that we have not really experienced any kind of meaningful downward price correction since the lower $600s, so we could experience a correction that goes down 15% to 25% or even more (even as far down to lower $600s), and we will still be a decent state with bitcoin and I believe that we would still be in a bull price uptrend as long as prices generally stay above $600.. even if there were a spike below $600.

I think that bitcoin is in a state of awesome because it already spiked up to $920, and so far we have had about a 7% correction from the $920 price of the past couple of days...

I don't bank on any such spike below $600 (which would be a quite large 50% correction), but certainly, I am currently in a phase of buying bitcoins, and I am buying in small increments all the way down - even if prices were to spike below $600..

In this correction, I have been buying in small increments since $890...   because I have no clue regarding how long this correction will last or when it will stop..... which seems quite plausibly below $850.. and I think that we are still in a state of "awesome" because it was quite amazing to go from $790 to $920 in a matter of just a couple of days...

We remain awesome.

[noobtrader]

Hi everyone... Christmas season is a full of magic, gifts, carols and joyous celebration. Have the best Christmas ever by having BTC price reaching 1000usd.  

[marcus1986]

Hi everyone... Christmas season is a full of magic, gifts, carols and joyous celebration. Have the best Christmas ever by having BTC price reaching 1000usd.  

Or reaching 9588$  Christmas and New Year magic!

[savetherainforest]

I keep thinking about transferring a chunk of my retirement funds into Bitcoin.

This is the type of stuff you read right before a blow off top involving collapse of financial institutions.

All of my retirement funds are in BTCitcoin...  

[Dafar]

I already have enough BTC but just bought 6 more.....


highest price I ever paid per BTC..... I screwed up didn't I lol.... nooo crash incoming!

LOOKS LIKE I BOUGHT AT THE TOP OF THE RALLY... IT'S OVER FOLKS, BITCOIN RALLY IS OVER BACK TO SUB $700s!!


See you all next year

[savetherainforest]

I already have enough BTC but just bought 6 more.....


highest price I ever paid per BTC..... I screwed up didn't I lol.... nooo crash incoming!

LOOKS LIKE I BOUGHT AT THE TOP OF THE RALLY... IT'S OVER FOLKS, BITCOIN RALLY IS OVER BACK TO SUB $700s!!


See you all next year

I like it when you beg for cheap coins... 

[Dafar]

I already have enough BTC but just bought 6 more.....


highest price I ever paid per BTC..... I screwed up didn't I lol.... nooo crash incoming!

LOOKS LIKE I BOUGHT AT THE TOP OF THE RALLY... IT'S OVER FOLKS, BITCOIN RALLY IS OVER BACK TO SUB $700s!!


See you all next year

I like it when you beg for cheap coins... 

My cost avg is in the 500's....  we're far beyond the cheap phase for now. I'm just annoyed I bought in the $900s like a noob

[TaurusBit]

Fortunately, we won't need banks anymore in the future. 

Prediction: the rally is gonna resume pretty soon.

[savetherainforest]

I already have enough BTC but just bought 6 more.....


highest price I ever paid per BTC..... I screwed up didn't I lol.... nooo crash incoming!

LOOKS LIKE I BOUGHT AT THE TOP OF THE RALLY... IT'S OVER FOLKS, BITCOIN RALLY IS OVER BACK TO SUB $700s!!


See you all next year

I like it when you beg for cheap coins...  

My cost avg is in the 500's....  we're far beyond the cheap phase for now. I'm just annoyed I bought in the $900s like a noob

Well I knew there was going to be a correction in the range of $870 < - > 905$ .. but I assumed or guessed that was common knowledge..




*edit: But don't worry... we ain't coming back! So you bought good... Cuz to be honest selling for less than 200k usd per coin in the next 20 years is just pointless and does not respect the true value.

[kehtolo]

Well, head and shoulders chart pattern complete... resume uptrend. And.. that's what looks to be happening.

We'll be back over 900 next week. Could see 1000 fall in 2016 yet!

[energycr]

Fortunately, we won't need banks anymore in the future. 

Prediction: the rally is gonna resume pretty soon.

Just noticed it rising up so bought just as it was rising at $883. Glad I did cause it increased my little buy up by $5 in 20 minutes.
Easiest money I have ever made.
Keep rising little bitcoin keep going higher!

[Spaceman_Spiff]

Well, head and shoulders chart pattern complete... resume uptrend. And.. that's what looks to be happening.

We'll be back over 900 next week. Could see 1000 fall in 2016 yet!

Um, head and shoulders are bearish, no?  

I am still quite bullish for the upcoming week though.  There is greed in the air, but given the long winter, it seems more likely to be spring than the end of summer.

[Fakhoury]

Well, head and shoulders chart pattern complete... resume uptrend. And.. that's what looks to be happening.

We'll be back over 900 next week. Could see 1000 fall in 2016 yet!

Um, head and shoulders are bearish, no?  

I am still quite bullish for the upcoming week though.  There is greed in the air, but given the long winter, it seems more likely to be spring than the end of summer.

Yes, they are.

[notme]

Well, head and shoulders chart pattern complete... resume uptrend. And.. that's what looks to be happening.

We'll be back over 900 next week. Could see 1000 fall in 2016 yet!

Um, head and shoulders are bearish, no?  

I am still quite bullish for the upcoming week though.  There is greed in the air, but given the long winter, it seems more likely to be spring than the end of summer.

Yeah.  There was a tiny one on the 30 minute charts that played out already.  Just noise if you zoom out a bit.

[JayJuanGee]

Just remember that anything above 850 is awesome.

You seem to be setting yourself up for failure if you are expecting $850 to hold in order for bitcoin to be in a state of "awesome"

We gotta also remember that we have not really experienced any kind of meaningful downward price correction since the lower $600s, so we could experience a correction that goes down 15% to 25% or even more (even as far down to lower $600s), and we will still be a decent state with bitcoin and I believe that we would still be in a bull price uptrend as long as prices generally stay above $600.. even if there were a spike below $600.

I think that bitcoin is in a state of awesome because it already spiked up to $920, and so far we have had about a 7% correction from the $920 price of the past couple of days...

I don't bank on any such spike below $600 (which would be a quite large 50% correction), but certainly, I am currently in a phase of buying bitcoins, and I am buying in small increments all the way down - even if prices were to spike below $600..

In this correction, I have been buying in small increments since $890...   because I have no clue regarding how long this correction will last or when it will stop..... which seems quite plausibly below $850.. and I think that we are still in a state of "awesome" because it was quite amazing to go from $790 to $920 in a matter of just a couple of days...

We remain awesome.

Yep.... There was a pretty decent attempt to test support levels.. and only able to drive prices down to $859...


I have no problem with experiencing continued upwards price movement... I profit much more from continued upwards price movement than I do from various corrections, especially if they end up resulting in deeper levels of price correction or even a kind of price reversal or price flatness.

Accordingly, right now, it seems like we have continued upwards price pressures and ongoing decent price support.

Nonetheless, I stand by my earlier comments concerning our needs to prepare psychologically and even in our own BTC holdings (and/or reserved fiat that is on standby for buying more BTC) that there could be some decent price corrections in our near term future.

I will admit that I am quite surprised by our current state of bitcoin.. because if you look back at my posts, I was continuing to say that I expected a pretty decent probabilistic chance of a price correction sometime after lower $600s either before reaching the mid $800s or even more probabilistically before reaching $900... and I will admit that I have been proven wrong, or at least BTC prices went into an area that I considered to be less probabilistic (more bullish).

I also said on several occasions, once we pass mid to upper $800s, that we are likely to go  straight (more or less) into the $3k to $5k price territory.  Since we got from lower $600 to lower $900s without any meaningful correction, I am now thinking that it is going to be a bit more difficult to get into the $3k to $5k price territory without a meaningful price correction.  I am going to have to revise my thinking.. so at this time, I am thinking maybe tentatively that if we do not get a meaningful correction before passing old ATH ($1163), then probably our top for this run would be in the $1,900 to $3,500 arena)..

Sure, any and all price predictions are based on probabilities, ranges and change with the happening of subsequent (and possibly unanticipated events).