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

[PYramid Head]

Even btc-e broke $1000 today(for few seconds, but broke)

we are going nowhere but to the moon

[yefi]

This is crazy guys, this rise is parabolic. Don't you think it need to come back down and floor out.
Like how high can it possibly go before crashing? I think its now so I sold all my btc besides a few for investing with and I'll buyback in at $800 in a month from now.

You did what? Well, good luck with that, but if this actually does go parabolic, you're going to be left angry, remorseful and fearful.

Mainstream getting up & running with propaganda countermeasures.

https://www.ft.com/content/b5d66ed8-d1b3-11e6-b06b-680c49b4b4c0

https://www.technologyreview.com/s/603295/why-bitcoins-1000-value-doesnt-matter/

That top article is a prime candidate for Bitcoin Obitauries if ever I've seen one.

[koryu]

 

[HairyMaclairy]

Blew through it like it was nothing  

EDIT:  look at that volume in the lower right..... 

[TeeBone]

China cant stop pumping.

[Ted E. Bare]

Look at those lovely volume bars.

[TeeBone]

1050 stamp !

[HairyMaclairy]

US$1108 on Huobi / 7711 CNY

[TeeBone]

Heading for ATH today ?  

[EatonABooger]

hold me ....

got to get sleep here in East USA - too exciting to walk away

[podyx]

Looks like we'll be in for a fun ride! Just remember to stay calm and focused.

[r0ach]

ATH or single digits?

The bankers decided to let us pump Bitcoin to the moon to acclimate people to their cashless society prison until they figure out that most people are spending the profits on things like gold and silver.

[phr33]

why does it feel like at any moment price could start rising at a rate of 1% every 10mins for 148 hours nonstop?

edit: here we go? is it starting? .... aw fuck this i'm going to bed

$1040 x 1.01^(6*148) = $7,151,765

Yeah, fine, I could go with that.  

[Karartma1]

Let's keep this pace Bitcoin, I can live with this.
Everyone around me is asking me for Bitcoin since they know I've always talked about it. Not anymore. I'm telling everybody I own few mbits and that I cashed out long ago. Better they forget me sooner than later.

Go bitcoin.

[dmwardjr]

In November, 2013 we had UP THRUSTS that covered a 7 week period. The UP THRUSTS got more violent each week as FOMO set in. I also want to point out the up thrusts of 2013 crossed SIX (6) Breakout Lines that were non existent at the time.

It's HIGHLY LIKELY we are in for a SEQUAL EVENT judging by how these UP THRUSTS are increasing. I threw in a couple of more breakout lines above number 6 for a ball park figure. If this is a sequel event to 2013 that crosses 6 breakout lines, we are looking at close to the $1,500 mark for the new ATH -0.35% . $1,500 will become the new "Mental" number for a while instead of the $1,000 number that has eluded bitcoin for the past 3+ years. Bitcoin can easily be close to $3,000 by end of 2017. Very easily.

As each day passes by for each week, bitcoin will continue to gain headway in the news. More people will begin to come into the exchanges to buy as FOMO builds . I'm beginning to believe we are in for one hell of a ride.

[HairyMaclairy]

Heading for ATH today ?  

I was about to say that I thought we were done for the day but looks like the China honey badger just had a quick nap. 

[ErisDiscordia]

I wasn't on board last time it bubbled up to the all time high with that Mt. Gox business, but I was lurking this forum out of curiosity. I remember I was aware of bitcoin when it first broke into the double digits way back when, but it took me awhile to finally get on board even though it always appealed to me as an anti-fiat libertarian. I guess I was intimidated about how to get into it and afraid I would buy in at the wrong time (silly!)

But I'm content because I think I have what can be considered a first class seat this time. I'm stuck on that dopamine loop that has me checking the price constantly.

Don't beat yourself up too much. Bitcoin is such a new & mind-bending phenomenon that I personally don't know of anyone who could wrap their heads around it immediately. Most people still can't. That includes most of those who understood enough to buy & hold some. In that regard you're way ahead of the curve. Welcome aboard the train!

[savetherainforest]

Heading for ATH today ?  

I was about to say that I thought we were done for the day but looks like the China honey badger just had a quick nap.  

I like how they are not letting anyone take profits..    ... Very ruthless!

[JimboToronto]

hold me ....

got to get sleep here in East USA - too exciting to walk away

Me too, but there's a woman in my bed. Good night all.

Excellent day, see you in the morning.

Go Bitcoin go.

[strawbs]

This is crazy guys, this rise is parabolic. Don't you think it need to come back down and floor out.
Like how high can it possibly go before crashing? I think its now so I sold all my btc besides a few for investing with and I'll buyback in at $800 in a month from now.

Unless, of course, we never see $800 again  

That's very possible too but I think its likely to happen. What's your take?

This just feels so much like 2013.  Back then, "there had been an ATH of $266 which had 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" [pasted from my post a few days ago].

On the other hand (even though I don't really think TA works too well with btc), we could be seeing a classic cup and handle pattern forming between Nov.2013 and now: http://www.investopedia.com/terms/c/cupandhandle.asp  In which case, we could expect to see the price go up to c.$1175, then drop to between 30% and 50% of that ($587 to $820 ) as traders begin to doubt whether the ATH will be broken. Then a bounce back to beyond $1175.

In other words, I think it'll reach $1175, then it could go up or down