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

[JimboToronto]

Good morning ladies and gentlemen of Bitcoinland.

It's nice to see that 1000EUR seems to be holding along with yesterday's gains.

The battle for $1100 continues though... currently $1097USD at Bitcoinaverage, after bursting through and then pulling back.

As I said yesterday, I figure we'll probably spend a few days of sideways consolidation before the next proper leg up past the Stamp ATH.

It was nice to see the CAD price pass $1450 even if dropped a little since.

Go Bitcoin go. Anyone still waiting for $800?  

[spooderman]

Good morning ladies and gentlemen of Bitcoinland.

It's nice to see that 1000EUR seems to be holding along with yesterday's gains.

The battle for $1100 continues though... currently $1097USD at Bitcoinaverage, after bursting through and then pulling back.

As I said yesterday, I figure we'll probably spend a few days of sideways consolidation before the next proper leg up past the Stamp ATH.

It was nice to see the CAD price pass $1450 even if dropped a little since.

Go Bitcoin go. Anyone still waiting for $800?  

mornin jimbo

mention of the stamp ATH is making me moist.

[sidhujag]

Feels topy.. will confirm after 2 more dumps to create 3 crows on larger tf

[JimboToronto]

mornin jimbo

mention of the stamp ATH is making me moist.

Me too Spood, almost throbbing.  

Gotta love this nice steady gradual uptrend, up a bunch, back a bit, rinse and repeat.

Never running away, 6 red daily candles scattered among 22 green ones.

This is healthy growth.

[arcanaaerobics]

Good morning ladies and gentlemen of Bitcoinland.

It's nice to see that 1000EUR seems to be holding along with yesterday's gains.

The battle for $1100 continues though... currently $1097USD at Bitcoinaverage, after bursting through and then pulling back.

As I said yesterday, I figure we'll probably spend a few days of sideways consolidation before the next proper leg up past the Stamp ATH.

It was nice to see the CAD price pass $1450 even if dropped a little since.

Go Bitcoin go. Anyone still waiting for $800?  

Never going back down to $800 there mate.
NeVeR!

[Dafar]

Good morning ladies and gentlemen of Bitcoinland.

It's nice to see that 1000EUR seems to be holding along with yesterday's gains.

The battle for $1100 continues though... currently $1097USD at Bitcoinaverage, after bursting through and then pulling back.

As I said yesterday, I figure we'll probably spend a few days of sideways consolidation before the next proper leg up past the Stamp ATH.

It was nice to see the CAD price pass $1450 even if dropped a little since.

Go Bitcoin go. Anyone still waiting for $800?  

Never going back down to $800 there mate.
NeVeR!

Yea sure... wait til ETF gets denied, BU forces a shitty ass HF, and PBOC shuts down all BTC exchanges... $800 can happen anytime, but hopefully it wont

[JimboToronto]

Never going back down to $800 there mate.
NeVeR!

Yea sure... wait til ETF gets denied, BU forces a shitty ass HF, and PBOC shuts down all BTC exchanges... $800 can happen anytime, but hopefully it wont

Never say never. As we all know, we can't predict the future.

It's probably as likely to go to 5 digits this year as to go sub-$800 but while both are long shots, either could happen.

[White sugar]

Good morning ladies and gentlemen of Bitcoinland.

It's nice to see that 1000EUR seems to be holding along with yesterday's gains.

The battle for $1100 continues though... currently $1097USD at Bitcoinaverage, after bursting through and then pulling back.

As I said yesterday, I figure we'll probably spend a few days of sideways consolidation before the next proper leg up past the Stamp ATH.

It was nice to see the CAD price pass $1450 even if dropped a little since.

Go Bitcoin go. Anyone still waiting for $800? 

Never going back down to $800 there mate.
NeVeR!

Yea sure... wait til ETF gets denied, BU forces a shitty ass HF, and PBOC shuts down all BTC exchanges... $800 can happen anytime, but hopefully it wont

I think everyone agrees that it is more likely that the ETF will be denied, so it is priced and nothing would in practice.
If PBOC wanted to close the exchanges, they would already have done so.
And a hard fork already happened in BTCland and failed

[gembitz]

What are the chances of another "China bans bitcoin for the 97th time" story sometime between now and $1242....

High, very high imho. That is press catnip when China does that. Easy gloom doom btc story to write
Then when btc pumps again they write the opposite piece to the moon. Rinse/Wash/Repeat.

Lots of eyeballs for both stories. Very little research needed but the over the top headline hook

^china ban = the chinese leets want to keep the coins for themselves!! :-D ha

[gentlemand]

I think everyone agrees that it is more likely that the ETF will be denied, so it is priced and nothing would in practice.

I'd guess plenty of people have taken a bet on a yes. I expect a fair few of them to do a runner in the case of a no. It's the most exciting bit of action on the horizon so if it's not happening then there might be a short term sag. Everyone loves potential hype.

[HI-TEC99]

I think everyone agrees that it is more likely that the ETF will be denied, so it is priced and nothing would in practice.

I'd guess plenty of people have taken a bet on a yes. I expect a fair few of them to do a runner in the case of a no. It's the most exciting bit of action on the horizon so if it's not happening then there might be a short term sag. Everyone loves potential hype.

Some traders are speculating there will be a bit of a dump before they announce the ETF decision. They think a significant number of the traders anticipating a no will take profits early. In the long term I don't think it matters, Bitcoin's price will soon recover from the latest bad news.

[yefi]

But China isn't present to dump. It's hard to imagine what else they can roll out at this stage. Everywhere else is slowly disconnecting from China. Maybe a few Chinese folks have migrated to Japan for that zero fee fun so they'll have a go there, but not many people elsewhere seem to be paying Japan much attention right now.

Their arsenal is certainly depleted. Unless they go nuclear and raid miners/seize equipment, I don't think they can really affect the trend now.

[cmacwiz]

We're climbing up again. Is $1200 a shoo-in by the end of the week?

Wow, today I learned it is not shoe-in ...

And yes $1200 guaranteed by end of the week!

[podyx]

Is there any reason at all for SEC to wait before they reject the ETF though? Even on 10th of march, it should be obvious that it's getting approved no?

[Torque]

Why, oh why, must the shorts continually get burned? 

[Le Happy Merchant]

ATH Today?

[ImI]

Is there any reason at all for SEC to wait before they reject the ETF though? Even on 10th of march, it should be obvious that it's getting approved no?

Is there any reason for the SEC to come out with a decision before they have to? Its quite obv imo that they take as much time as they can to come to a conclusion.

[spooderman]

I think everyone agrees that it is more likely that the ETF will be denied, so it is priced and nothing would in practice.

I'd guess plenty of people have taken a bet on a yes. I expect a fair few of them to do a runner in the case of a no. It's the most exciting bit of action on the horizon so if it's not happening then there might be a short term sag. Everyone loves potential hype.

Some traders are speculating there will be a bit of a dump before they announce the ETF decision. They think a significant number of the traders anticipating a no will take profits early. In the long term I don't think it matters, Bitcoin's price will soon recover from the latest bad news.

no ETF would piss on our parade quite bad tbh. but somehow my mind imagines it happening and the price barely even falling as far as $1k.

[podyx]

Is there any reason at all for SEC to wait before they reject the ETF though? Even on 10th of march, it should be obvious that it's getting approved no?

Is there any reason for the SEC to come out with a decision before they have to? Its quite obv imo that they take as much time as they can to come to a conclusion.

They've had 3 years, not sure why they would need an additional 10 days or whatever lol

[becoin]

Why, oh why, must the shorts continually get burned? 

Why, oh why, must I continually say it again and again?
There are 7 billion people and there will be only 21 million bitcoins!