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

[PoolMinor]

You seem to be trying to want to get into a fight about nothing, no?

Just noting the hypocrisy meter is a little high today.

[1714107317]

1714107317

[1714107317]

1714107317

[MinermanNC]

With everything happening in the world right now.... to much to list.... I'm very happy with a somewhat modest price lately. Remember where we were stuck at not so very long ago. whew I'll take it" 

[JayJuanGee]

You seem to be trying to want to get into a fight about nothing, no?

Just noting the hypocrisy meter is a little high today.

What hypocrisy?

Let's ban all bears who cannot back up their conclusory downward statements, and let's allow the bulls assert their "to the moon" wishes without any facts or logic to back it up... let us do it.

Let's do it... let's do it..

[jbreher]

Humm, but how do you explain price of btc affecting all other altcoins?

Because alts ain't nuttin' but warts on Bitcoin's ass.

[600watt]

your charts make me want to take some magic mushrooms and see things in there that i wish i could see sober. i´d follow every line with joy and get lost in the color bursting fractals...

keep up the good work, mate.

has anyone ever tried psylo-TA?  maybe that is where sgbett got his $560k prediction from? 

[bobmarley650]

Below 800

[PoolMinor]

Hi everyone...  Let's make this a Self Fulfilling Prophecy:

I call it,  "FIB's 2 Guns Down Re-Tracement Flow Chart."  Retraces to 0.618 with "2 GUNS DOWN" every time.  So far 3 out of 3 on this BULL run....

THIS IS LONG TERM ANALYSIS...  NOT SHORT TERM....

LINK: more details about that Flow Chart: https://www.tradingview.com/chart/BTCUSD/1mJzNZJf-FIB-FLOW-CHART-PLACEMENT-FROM-PEEK-OF-A/

IF you know FIB's, thank me later...   ; )

I believe your Green Marker is placed (at approx June 2017) in the wrong position as per your by Jan 2018 statement.

I am a believer in a price rise, my timeline is more elongated though. Specifics aren't necessary other than, $820 is not the floor and Chinese New Year will have an impact on price.

[600watt]

https://twitter.com/cnLedger/status/822030533513199616

OKcoin stops margin trading.

[the artful bodger]

Bitstamp's prices are higher than bitfinex's. That's weird.

[dmwardjr]

Hi everyone...  Let's make this a Self Fulfilling Prophecy:

I call it,  "FIB's 2 Guns Down Re-Tracement Flow Chart."  Retraces to 0.618 with "2 GUNS DOWN" every time.  So far 3 out of 3 on this BULL run....

THIS IS LONG TERM ANALYSIS...  NOT SHORT TERM....

LINK: more details about that Flow Chart: https://www.tradingview.com/chart/BTCUSD/1mJzNZJf-FIB-FLOW-CHART-PLACEMENT-FROM-PEEK-OF-A/

IF you know FIB's, thank me later...   ; )

I believe your Green Marker is placed (at approx June 2017) in the wrong position as per your by Jan 2018 statement.

I am a believer in a price rise, my timeline is more elongated though. Specifics aren't necessary other than, $820 is not the floor and Chinese New Year will have an impact on price.

Thanks for point that out.  I completed the "Optimized Version" for RETRACE back up to the next peak of a Spring and/or Up Thrust:  

2 potential targets for June, 2017...



A Close Up of the current 2h TF Loaded Guns FIB RT Chart:  You will see that 0.618 RT wasn't that bad off with 2 guns down [That would be the magenta colored numbers].  Now again, that's dragging and dropping lines in place from the 1D TF chart.  I did not bring it down to the lower TF's to save time and to give others an idea of the pattern.  Also, THIS IS IN "LOG" SCALE.... Not sure this will work in other scales....

EDIT:  I zoomed in on every single Pump & Dump event to check accuracy and posted those in my thread on this flowchart on https://www.tradingview.com/chart/BTCUSD/Z5uTqARD-COPIED-PASTED-for-Mobil-devices-in-Comments-GL-FLOW-CHART/.  I'm actually impressed with the accuracy...

[dmwardjr]

Chinese New Year will have an impact on price.

Remind you...

This is a long term analysis.  Other indicators can be used during shorter TF's for other purposes I'm not getting into here.  Simply wanted to point out "long" term analysis...

[GreekGeek]

any ideas on why BFX tokens are rallying ?

[ImI]

any ideas on why BFX tokens are rallying ?

theory: china exchanges close margin trading -> customers go to bitfinex -> more revenue -> more payback

[Chainsaw]

any ideas on why BFX tokens are rallying ?

Possibly a well-timed, internal move to pay down debt with profits.

I just realized there's a new, interesting dynamic in play.

With China losing their leverage, Bitfinex has regained a large attractor.

All other things being equal, I take their chances of reclaiming the role of price leader as net positive.  I wonder how the competing interests of reduced-faith in Bitfinex from the recent hack will fare against the increased greed/strength of leverage.  (Incidentally, I think it'd be a really smart move for them to publicly pay down some of their remaining debt.)

Smarter traders than me keep track of things like available money for loans, short vs long interest, borrowing rates.  Whatever those (leading?) indicators mean, I'd bet they become increasingly valuable.

[Torque]

https://twitter.com/cnLedger/status/822030533513199616

OKcoin stops margin trading.

So I'm starting to wonder... did PBoC really do us long investors a favor?

I'm sensing some major bullish announcements in the Bitcoin ecosystem on the horizon early this year.  Specifically new platforms (i.e., Abra, Mega Upload 2, etc.), perhaps some high profile merchant adoptions, ETF launch, who knows what.

But what we all DO know is that some mega whale traders usually have insider knowledge well in advance, typical 6-12 months in advance.  So what they do is slowly ramp the market over that time period, then near the announcements (before the news media picks it up) go ape shit crazy with leveraged margin buys to create a new bubble.  

Whatever you may believe in the short term, an over-leveraged, over-hyped bubble is not good for the medium and long term.

So did China PBoC just do us a short-term favor by killing margin trading on the Chinese exchanges? The suspect timing is palpable.... it's almost as if they knew something.

Either that, or they did it because secretly they know that they are going to start hiking down the Yuan rate several times this year... and they don't want more $$$ to leave via bitcoin.

[Paashaas]

Welcome back $900! 

[jaberwock]

Welcome back $900! 

But for how long?

Back in January, 17, price broke $900 too, but for few hours only, then went back to $850 because of the PBOC's tweet

[the artful bodger]

Welcome back $900!  

But for how long?

Back in January, 17, price broke $900 too, but for few hours only, then went back to $850 because of the PBOC's tweet

It's recovered very quickly, that's bullish.

[Paashaas]

Welcome back $900! 

But for how long?

Back in January, 17, price broke $900 too, but for few hours only, then went back to $850 because of the PBOC's tweet

Sentiment world wide is very bullish, only a major hack ore China final regulation ban will make the price go down.

[ImI]

Welcome back $900! 

But for how long?

Back in January, 17, price broke $900 too, but for few hours only, then went back to $850 because of the PBOC's tweet

Sentiment world wide is very bullish, only a major hack ore China final regulation ban will make the price go down.

Or a fork.