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

[SERVERIA]

Unfortunately, I got a PACMiC contract, so ATM is looks like I may not have much of a choice. Hopefully, Jihan Wu can wait to pull the trigger until after I am fully cashed out. 

Now that's exactly the reason why we had the latest dump. Even now when we're back to almost 1k these panic sellers can't wait to cash out 

[conspirosphere.tk]

No China. If it does come back to life it's gonna be a zombie market. I think it's hard to guess the difference that will make but it's gotta be huge.

more exactly no leverage of 10X or above. Now it seems that the max leverage on chinese exchange has been lowered to 2X or so by the PBoC.
Until no major exchange offers high leverage the price should have less wild oscillations. Wonder what could have happened in the last 3 days if chinese exchanges were operating like last year.

[york780]

Unfortunately, I got a PACMiC contract, so ATM is looks like I may not have much of a choice. Hopefully, Jihan Wu can wait to pull the trigger until after I am fully cashed out.  

Now that's exactly the reason why we had the latest dump. Even now when we're back to almost 1k these panic sellers can't wait to cash out  

you are talking like we are in some uptrent. Get your facts strait. This is just a rebounce of the dump. We cant know if we go fuhrer down or not. First of all the reason of this dump isnt solved at all. Nor other significant news hs occured that can push the price north. This is just market movingaverage responce. Dont look at the charts on dayly or hour perspective but on the monthly movement. Thats all what matters.

[becoin]

Today there has been a slow in the BU blocks found... was trending up as late as this morning, but through the day it has been losing steam.  and we are seeing a stronger price simultaneously it would seem.

BU is the future... get into it.

It is a future.  But we are not taking that fork 

Unfortunately, I got a PACMiC contract, so ATM is looks like I may not have much of a choice. Hopefully, Jihan Wu can wait to pull the trigger until after I am fully cashed out. 

This is very important part of the picture. Wu & Co forkers have 2 month to use customer bitcoins. After about 2 months they will have to pay back those PACMiCs and the window of opportunity will be closed for BUcoin fork.

[conspirosphere.tk]

you are talking like we are in some uptrent. Get your facts strait. This is just a rebounce of the dump. We cant know if we go fuhrer down or not. First of all the reason of this dump isnt solved at all. Nor other significant news hs occured that can push the price north. This is just market movingaverage responce. Dont look at the charts on dayly or hour perspective but on the monthly movement. Thats all what matters.

Indeed. What I see lately is lower lows and lower highs and ever more feeble dead cat bounces. Another shakedown could be well in the cards. All depends on the civil war.

[york780]

Indeed. What I see lately is lower lows and lower highs and ever more feeble dead cat bounces. Another shakedown could be well in the cards. All depends on the civil war.
[/quote]

Yup the Ichimoku cloud tells us that we will go lower. You can use the cloud in settings   I highly recoment it.

[STT]

Good rise from 900 but needs a higher low really to progress and confirm it wont just be resuming selling lower.
Found this site from a professional firm commentating on bitcoin, technical and discussion of the possible fork and so on

http://fxdailyreport.com/bitcoin-btcusd-price-technical-analysis-march-24-2017/

Of course forex is only traded week days but seems to be a useful regular source otherwise

[york780]

Good rise from 900 but needs a higher low really to progress and confirm it wont just be resuming selling lower.
Found this site from a professional firm commentating on bitcoin, technical and discussion of the possible fork and so on

http://fxdailyreport.com/bitcoin-btcusd-price-technical-analysis-march-24-2017/

Of course forex is only traded week days but seems to be a useful regular source otherwise

Bearish charts :

https://www.tradingview.com/chart/BTCUSD/hqB35eH9-BTC-USD-dip-till-750-likely-good-to-go-short/

https://www.tradingview.com/chart/BTCUSD/QbfWDoA8-BTC-bearish-trend-to-continue/

https://www.tradingview.com/chart/BTCUSD/bXsEwIDv-BTC-H-S-in-downtrend/

https://www.tradingview.com/chart/BTCUSD/L5aSAJLW-btcusd/

https://www.tradingview.com/chart/BTCUSD/ONfJmpxI-A-repeat-of-2013/

https://www.tradingview.com/chart/BTCUSD/ZRrRgrjg-D-Bip-Bip-Bat-Bit-the-bulls-are-ticking-flip-a-coin/


Etc Etc. All charts are made by pro's and are from the last 24hrs.

[becoin]

Everyone that uses TA and chart signals to trade bitcoin is a stupid person. TA is a fishnet used by market makers to catch small fish. The so called day traders are just adrenaline junkies. Short term you might have some success. Even broken clock is correct twice per day. But long term you'll lose your capital. Best strategy for bitcoin proved throughout all those 8 years is to buy whenever you can and hold!

[york780]

Everyone that uses TA and chart signals to trade bitcoin is a stupid person. TA is a fishnet used by market makers to catch small fish. The so called day traders are just adrenaline junkies. Short term you might have some success. Even broken clock is correct twice per day. But long term you'll lose your capital. Best strategy for bitcoin proved throughout all those 8 years is to buy whenever you can and hold!

Still funny that those 'junkies' are right almost everytime and hodlers are missing great sell and rebuy points.

[becoin]

Everyone that uses TA and chart signals to trade bitcoin is a stupid person. TA is a fishnet used by market makers to catch small fish. The so called day traders are just adrenaline junkies. Short term you might have some success. Even broken clock is correct twice per day. But long term you'll lose your capital. Best strategy for bitcoin proved throughout all those 8 years is to buy whenever you can and hold!

Still funny that those 'junkies' are right almost everytime and hodlers are missing great sell and rebuy points.

Buy and hold!
Do some useful job instead of self-hypnotizing yourself by staring at picture on the screen all the day long!

[Searing]

Today there has been a slow in the BU blocks found... was trending up as late as this morning, but through the day it has been losing steam.   and we are seeing a stronger price simultaneously it would seem.

BU is the future... get into it.

It is a future.  But we are not taking that fork  

Thats the catch. If it WAS the future we'd be in consensus....in that it is NOT the folk who control most of the mining what to strong arm the situation...w/o consensus...

likely we are in a period of 'mexican standoff' neither side wins....sideways...bitcoin core is like 'fork already' and BU is like bend to our view on hard fix on block size

likely ..nothing is gonna happen if anything imho till the end of the year......its all about power to control the code don't ya know ..again my view

(i mostly just scratch my head at all the antics on here on the debate....)

Everyone that uses TA and chart signals to trade bitcoin is a stupid person. TA is a fishnet used by market makers to catch small fish. The so called day traders are just adrenaline junkies. Short term you might have some success. Even broken clock is correct twice per day. But long term you'll lose your capital. Best strategy for bitcoin proved throughout all those 8 years is to buy whenever you can and hold!

Still funny that those 'junkies' are right almost everytime and hodlers are missing great sell and rebuy points.

Buy and hold!
Do some useful job instead of self-hypnotizing yourself by staring at picture on the screen all the day long!

Been doing so....will have bought at a bit above 3 BTC since everything started to 'cluster' in bitcoinland....have to wait till monday to do zip ...if not tuesday.....

Trying to get motivated to sell stuff on ebay...only problem with that is it is 'my stuff' I'm trying to sell.....my precious...thus hitting a snag...( really do I need 3 working VCR's in
the attic?) stuff like that .....my life where it is not quality but quanity

[Globb0]

i feel that once this scaling debate is somehow resolved, which ever way it goes, even worst case scenario, we'll end up WAY higher than this...

Two years ago I was pissed when it went below $250, now I'm pissed when it goes below $1000. In another two years I'm hoping to get pissed when it goes below $10000 after a rally to $30000 or more.

[conspirosphere.tk]

Everyone that uses TA and chart signals to trade bitcoin is a stupid person. TA is a fishnet used by market makers to catch small fish. The so called day traders are just adrenaline junkies. Short term you might have some success. Even broken clock is correct twice per day. But long term you'll lose your capital. Best strategy for bitcoin proved throughout all those 8 years is to buy whenever you can and hold!

Thx, but hodling through major crashes in the last years I started to appreciate the sense of staying liquid and do some trades, especially near trend reversals. Being a baghodler is stressing in a bear market. But it's even true that hodling btc has been the most profitable thing I ever did.

[boumalo]

Everyone that uses TA and chart signals to trade bitcoin is a stupid person. TA is a fishnet used by market makers to catch small fish. The so called day traders are just adrenaline junkies. Short term you might have some success. Even broken clock is correct twice per day. But long term you'll lose your capital. Best strategy for bitcoin proved throughout all those 8 years is to buy whenever you can and hold!

Thx, but hodling through major crashes in the last years I started to appreciate the sense of staying liquid and do some trades, especially near trend reversals. Being a baghodler is stressing in a bear market. But it's even true that hodling btc has been the most profitable thing I ever did.

Holding and playing long term beats most day and short term traders but some day and short term traders use profitable techniques. Their feelings and techniques can be ev>0 for years then not anymore but being connected to the market and projecting a deep and being right is not only related to bare luck.

[numismatist]

Holding and playing long term beats most day and short term traders but some day and short term traders use profitable techniques. Their feelings and techniques can be ev>0 for years then not anymore but being connected to the market and projecting a deep and being right is not only related to bare luck.

Luck is winning sometimes, skill equals winning mostly.
These profitable techniques can shoot your own toes if done too often. Shorting traps, worthless derivatives and such.

[SERVERIA]

My bet we're back in 4 digits in less than 24h

[Raja_MBZ]

My bet we're back in 4 digits in less than 24h

I do believe on that too.

Whenever bitcoin makes a return, it seems like it has become more powerful than before.

[r0ach]

Whenever bitcoin makes a return, it seems like it has become more powerful than before.

Lol, more powerful or more manipulated?  As we've witnessed with Darkcoin, Ethereum, and now Bitcoin in the last week, something with no intrinsic value that doesn't even really exist except in a metaphysical sense, the price can be literally anything.  Zero? two bazillion dollars? all the same difference.  

We even have some random lunatic on BTCE who thinks it's a good idea to try and prop up a $50 spread over every other exchange and then market buys up to $1050 when the price is $900.  Who the hell are these people setting money on fire on purpose?  Looks like the ASIC mafia stepped in desperate to not let the price break below $900 to ruin their multi-million dollar ASIC fields.

[york780]

I agree. But thats the whole game right? Same with fiat money, stocks, inflation, baking system, real estate, gold etc etc. Play the game right. I rather have 1 golden oppurtunity in my short life than wachting a lifetime from the sideline and die as a average loser. I will not be a page in somebody else his historybook. TO 1 BIZZILLION $ or go to 1$ already and be done with it.