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

[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.

[meanig]

Hi everyone. I was here in 2013 for the last run up to 1000 dollars and now I'm back.

It's been a tough three years but now I just want to hug all you bastards and sing we shall overcome  

[BTCtrader71]

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.

This is an excellent strategy, imho, because you actually profit from volatility. IOW, a volatile price rise from A to B will leave you richer than a steady rise from A to B. You (the investor) win, at the expense of the speculators.

[600watt]

Hi everyone. I was here in 2013 for the last run up to 1000 dollars and now I'm back.

It's been a tough three years but now I just want to hug you all bastards and sing we shall overcome   

nice post! 

[eddie13]

I've been spanking huobi all day and now they seem to have taken my fiat margin away...
I can still full margin short BTC but my available cny margin is now 0 zero..

Maybe it means something.. They don't want the American taking any more of their BTCs..

[marcus_of_augustus]

1000 ... cool but not shocking or even that surprising really, where to from here?

i) Consolidate around the $1k mark, some chance of rather deep dump also but eventually coming back to $1k mark.

ii) New ATH $1165 is now definitely on the top of the list for upside targets. From there $1500, $1800 and $2000 have to be good psych attractors also.

iii) Mad bullish (5th adoption wave) scenario is to keep trucking on the doubling trend, $1800 by end of March, $3600 mid-May, $7200 early June, $9588 blow-off top late June early July.

[meanig]

1000 ... cool but not shocking or even that surprising really, where to from here?

i) Consolidate around the $1k mark, some chance of rather deep dump also but eventually coming back to $1k mark.

ii) New ATH $1165 is now definitely on the top of the list for upside targets. From there $1500, $1800 and $2000 have to be good psych attractors also.

iii) Mad bullish (5th adoption wave) scenario is to keep trucking on the doubling trend, $1800 by end of March, $3600 mid-May, $7200 early June, $9588 blow-off top late June early July.

The next target is 10,000 CNY

[600watt]

let´s agree on iii)


edit:

1k$ on stamp: check!
another € ATH: check!
new year: check!

folks, sometimes life treats us nice. enjoy.

(edited)

[JimboToronto]

LOL Currently $999.99 at Stamp.

How's that for numerology fans?

JJG? Toknormal? 

[isov]

I think this 1000$ breaking is going to spark some pretty good media attention and tomorrow is first banking day of the year and all so it might be that we're up for a good ride. Good times, good times.