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

[JayJuanGee]

C&H ?

In order to c+h we'll need an "H" this means a sharp dip. I have forecasted with another (through pm) on this forum about just that. Then a few hours later someone else posted in this thread corroborating what I sent this other person in a PM.

I didn't know that this was a competition regarding who predicts correctly first... ?

[1715198120]

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[JimboToronto]

Just broke $1350CAD. Keep those ATHs coming.

[Meuh6879]

https://www.timeanddate.com/worldclock/china/beijing

2h50min left.

[PoolMinor]

C&H ?

In order to c+h we'll need an "H" this means a sharp dip. I have forecasted with another (through pm) on this forum about just that. Then a few hours later someone else posted in this thread corroborating what I sent this other person in a PM.

I didn't know that this was a competition regarding who predicts correctly first... ?

Isn't everything a competition, doesn't the one you are involved in have something to do with a word count?

https://www.youtube.com/watch?v=GnBpsUZDiQ0

[kurious]

Happy 4 digit New Year to everyone!

At last.

[Fragbait]

Bitstamp's still at a high of 998. If bitstamp can break through 1000 the sky's the limit. There's an 800 Bitcoin wall holding it back there.

Sky's the limit.

[K~Ehleyr]

Whoop whoop whoop!!  Think we'll see 1000 euros by tomorrow?? 

[Yves_Oluchione]

Happy 2017 to everyone, I think the next step is the 1050$ if it breaks i don't have any idea what would be the next stop of this rally, maybe some old bitcoiners have an idea ?

[JayJuanGee]

C&H ?

In order to c+h we'll need an "H" this means a sharp dip. I have forecasted with another (through pm) on this forum about just that. Then a few hours later someone else posted in this thread corroborating what I sent this other person in a PM.

I didn't know that this was a competition regarding who predicts correctly first... ?

Isn't everything a competition, doesn't the one you are involved in have something to do with a word count?

https://www.youtube.com/watch?v=GnBpsUZDiQ0

I doubt it.....

Just because you think that way does not mean that everyone else does.

[JayJuanGee]

Happy 2017 to everyone, I think the next step is the 1050$ if it breaks i don't have any idea what would be the next stop of this rally, maybe some old bitcoiners have an idea ?

I think that we need to look at the current ATH as the next stop and a potential resistance point...

There is considerable potential that the current ATH would not be a resistance point because we are already so close to it, but I think that we still need to see how this price range plays out between $1060 and $1180

[yefi]

What is an acceptable retrace then? 38.2%?
How about the 40% in June-July?

I will say though that my timeline is more elongated than the other person that posted here.

Be careful with caterpillar analysis!  

[Yves_Oluchione]

Happy 2017 to everyone, I think the next step is the 1050$ if it breaks i don't have any idea what would be the next stop of this rally, maybe some old bitcoiners have an idea ?

I think that we need to look at the current ATH as the next stop and a potential resistance point...

There is considerable potential that the current ATH would not be a resistance point because we are already so close to it, but I think that we still need to see how this price range plays out between $1060 and $1180

Seems to be plausible, i'm very cautious because it's my first time as a bitcoiner as i experience a rally a these prices, so thanks for your thoughts

[Kramerc]

BFX shorts won't budge. Still 14.5k @ $1000 = $14.5mm.


There's not that many bitcoins in asks on the entire order book.

[JayJuanGee]

Happy 2017 to everyone, I think the next step is the 1050$ if it breaks i don't have any idea what would be the next stop of this rally, maybe some old bitcoiners have an idea ?

I think that we need to look at the current ATH as the next stop and a potential resistance point...

There is considerable potential that the current ATH would not be a resistance point because we are already so close to it, but I think that we still need to see how this price range plays out between $1060 and $1180

Seems to be plausible, i'm very cautious because it's my first time as a bitcoiner as i experience a rally a these prices, so thanks for your thoughts

If you are nervous about retaining value with your BTC holdings, you can sell a little bit on the way up.  Usually you do not want to sell too much because you could end up with a bunch of fiat and a lacking in BTC. 

Everyone is different regarding how they will do it, but I tend to sell 1% to 2% of my BTC holdings every $100 price rise of BTC in about every $10 to $15 increments (in other words staggered in both directions - up and down), and then I buy back when BTC prices go back down... therefore, on average I end up selling less than 1% for every $100 (and my BTC holdings grow overall with the same amount of investment, more or less). 

I started this selling strategy at a bit over $250 (but my selling between $250 and about $400 was an even smaller percentage of my BTC holdings because my BTC portfolio was then in the red) and today, I still have nearly 92% of my BTC holdings in BTC and the other 8% in fiat. 

Some kind of a strategy of taking profits (even small amounts) can help you to be less nervous during BTC volatile periods (which are almost inevitable) but I think that even with extensive practice a lot of us get nervous no matter what when the price becomes really volatile (especially when it goes down), so we have to figure out ways to hedge and to safeguard some of our nervousness that are tailored to our own situations.

[strawbs]

Some of you will remember the old ATH of $266 which hung around for a while, until the bull run which eventually broke through it and took us to the current ATH of $1175.  That was a rise in the ATH of 442%.

If the current ATH were to break through this time, and rise by the same percentage, that would lead to a new ATH of $5194.

Unscientific optimism....

[eddie13]

Coinbase is dumping all by itself.. 990 now.. wtf?

[shmadz]

Happy 2017 to everyone, I think the next step is the 1050$ if it breaks i don't have any idea what would be the next stop of this rally, maybe some old bitcoiners have an idea ?

No one can know for certain, but if the price holds above 1K for at least a month, I get the feeling that the blow-off top will be over 10K .

[eddie13]

Coinbase is dumping all by itself.. 990 now.. wtf?

Really? I don't see that on my charts?

https://bitcoinwisdom.com/markets/coinbase/btcusd

Non-trader btc holders cashing out?

[Yves_Oluchione]

Happy 2017 to everyone, I think the next step is the 1050$ if it breaks i don't have any idea what would be the next stop of this rally, maybe some old bitcoiners have an idea ?

I think that we need to look at the current ATH as the next stop and a potential resistance point...

There is considerable potential that the current ATH would not be a resistance point because we are already so close to it, but I think that we still need to see how this price range plays out between $1060 and $1180

Seems to be plausible, i'm very cautious because it's my first time as a bitcoiner as i experience a rally a these prices, so thanks for your thoughts

If you are nervous about retaining value with your BTC holdings, you can sell a little bit on the way up.  Usually you do not want to sell too much because you could end up with a bunch of fiat and a lacking in BTC.  

Everyone is different regarding how they will do it, but I tend to sell 1% to 2% of my BTC holdings every $100 price rise of BTC in about every $10 to $15 increments (in other words staggered in both directions - up and down), and then I buy back when BTC prices go back down... therefore, on average I end up selling less than 1% for every $100 (and my BTC holdings grow overall with the same amount of investment, more or less).  

I started this selling strategy at a bit over $250 (but my selling between $250 and about $400 was an even smaller percentage of my BTC holdings because my BTC portfolio was then in the red) and today, I still have nearly 92% of my BTC holdings in BTC and the other 8% in fiat.  

Some kind of a strategy of taking profits (even small amounts) can help you to be less nervous during BTC volatile periods (which are almost inevitable) but I think that even with extensive practice a lot of us get nervous no matter what when the price becomes really volatile (especially when it goes down), so we have to figure out ways to hedge and to safeguard some of our nervousness that are tailored to our own situations.

Thanks for the advises, I'm not so nervous because i have started by investing little amounts of fiat every months and i didn't invest a lot since november, also, what i've invested i consider if i lose this amount it won't change my life (even if i wouldn't be happy), but i wanted to trade a little bit but i was nervous so i was just hodl
But it's an interesting strategy to start trading at minimal risk, thanks i'll try that

[HI-TEC99]

Coinbase is dumping all by itself.. 990 now.. wtf?

It's a low volume exchange, 500 Bitcoins can move the price $50 in either direction on it. The arbitrage bots will soon take advantage of the price discrepancy between it and all the other exchanges.