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

[deepcolderwallet]

---mad----

Firstly, I'd calm down as aneurysms aren't fun. Secondly, most of the mods in my experience don't really moderate, but just respond to reported posts. This is why it is so inconsistent. Also, "off-topic" is banned no matter how insightful, but if it is "on-topic", murder is condoned, so to speak.

(And yes, I know I'll be receiving a pm in my inbox pretty soon....)

No, at least from me you're receiving no PMs.
But thanks for taking the time anyway.

[droizs]

I think now it's a good time to sell my eth stash for BTC... Or should I wait 12h?

[HI-TEC99]

Thing is, it really isn't about to fork any time soon, not without consensus. I'd be willing to wager that too. Does not matter though, too much uncertainty for new money to bare. The downside to the influx we witnessed these past couple months. Question is, when will the fog lift?

Yeah, $750 could be tested, but I would not be shocked to see one more push up the the 1025 range first.

Zooming out on the charts you can see what looks like a cup and handle. This dump could be necessary before the handle forms. In the long run I'm not worried, I don't think there will be a fork, and sooner or later that handle will form. The best time to buy is when there's blood on the streets, and that's probably now.

As in December 2013 size cup?

That's what I'm hoping for. The price has been held back by so many events for so long that I'm beginning to wonder if the market's stopped caring and just wants to go up regardless of what happens. There's a giant cup in the charts that's just waiting for a 2013 style handle.

Any respectable handle is going to have to cut to $800.  

That's not what investopedia says, although trading advice sites vary in their analysis. It says the handle can retrace one third of the gains made by the cup's right hand side. If the gains were $1350 - $150 then they were £1200. One third of that is $400, and subtracting that from $1350 gives $950 as the bottom of the handle. If that works out then Bitcoin's oversold already.

http://www.investopedia.com/university/charts/charts3.asp

the general rule is that the handle's downward movement can retrace one-third of the gain made in the right side of the cup.

On the other hand using chicken bones is often more reliable than technical analysis.

[andyatcrux]

Good choice, try this one out: oldie but goodie based on that same song

https://www.youtube.com/watch?v=K2ku1A5Ox8U

But don't worry, don't even trip I'm sure it will dip but ..... sooner or later:



https://youtu.be/jq57BjBVq7o

[Killerpotleaf]

I think now it's a good time to sell my eth stash for BTC... Or should I wait 12h?

yes be done selling within 12 -24hours

[DaRude]

This is not over, not until miners back off. Only one way to get miners to stand down, and this is it. Let's see how long they'll be able to keep their trolls going before public perception will turn against them, sheeple need to realize that investors don't want anything to do with their BTC^INA coin.

[edgar]

it's all about decentralisation

without that bitcoin is utterly useless.

Well, on the bright side, if anyone wants to convert their digital rat poison currency to money, both JMBullion and Provident metals accept bitcoin as a payment method for gold and silver now (although the GSR highly favors silver atm):

https://www.jmbullion.com/

https://www.providentmetals.com/

silvergoldbull also takes bitcoin

All these metal merchants stick huge premiums over spot and then offer piddly discounts for using ANY form of payment.

scalp much?

[BlindMayorBitcorn]

This is like that time in the bible where the two whales very reasonably decide to cut the baby down the middle. Because sharing.

[savetherainforest]

ALMOST 900!!!!!!!!!

Feels bad, man.

Who's buying the dip??

[Dafar]

ALMOST 900!!!!!!!!!

Feels bad, man.

Who's buying the dip??

I will at $800

[rafanadal]

ALMOST 900!!!!!!!!!

Feels bad, man.

Who's buying the dip??

I will at $800

Might as well wait for 200

[Fatman3001]

Sometimes you've got to go ugly early. Surely those ugly mofos in Core should get that.

[BlindMayorBitcorn]

I feel really stupid. Anybody else feel that?

[Fatman3001]

I feel really stupid. Anybody else feel that?

Yes

[Master mind]

I feel really stupid. Anybody else feel that?

NO

[eXpl0sive]

FUCK THIS SHIT !

[Fatman3001]

I feel really stupid. Anybody else feel that?

NO

I'm pretty sure that's a bad sign

You should feel stupid

[Master mind]

I feel really stupid. Anybody else feel that?

NO

I'm pretty sure that's a bad sign

You should feel stupid

BTC soon to one Saoshi.

[Dafar]

 

[gembitz]

weeeee :-D $750 close?