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

[d5000]

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.

For the downtrend to break, we must rise above $999 at this moment. So there would be the next resistance line, if we're considering the most simple chart analysis pattern (up/downtrend channels). The fact that this price mark is really close or identic to to the symbolically important $1000 mark would mean even more resistance.

Possibly if the current ultra-short-term upmove continues with its current pace, on Monday both lines (ultra-short-term uptrend/short-term downtrend) converge and the market decides where to go. As I think that the current price evolution is dependent on the evolution of the block size debate (fork danger), I'm actually a bit more optimistic than some days ago, because of the stagnating BU proportion and the rising Segwit acceptance and so I see a small chance that we'll see $1000 again.

[york780]

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.



For the downtrend to break, we must rise above $999 at this moment. So there would be the next resistance line, if we're considering the most simple chart analysis pattern (up/downtrend channels). The fact that this price mark is really close or identic to to the symbolically important $1000 mark would mean even more resistance.

Possibly if the current ultra-short-term upmove continues with its current pace, on Monday both lines (ultra-short-term uptrend/short-term downtrend) converge and the market decides where to go. As I think that the current price evolution is dependent on the evolution of the block size debate (fork danger), I'm actually a bit more optimistic than some days ago, because of the stagnating BU proportion and the rising Segwit acceptance and so I see a small chance that we'll see $1000 again.

1059$ broken means uptrend. Otherwise means doom.

[Searing]

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.

I have 100 btc I own from mining outright...only thing in is hobby/time/labor now...thus I will do like you and play with anything OVER that 100 btc...but
the hoard stays...my ONLY shot at a 'black swan event' or getting in on the equiv of "a venture capital deal' (like say big money hears about)

thus will feel less troubled if it all goes 'tulips' or beanie babies for the above...then if it goes up as I expect it will by holding.

Just something about 100 btc stake, that is my 'thou shall not pass'..I DID dump 8 btc off my 100 btc at the time last year at around 650 usd. to get knc liguidation
miners to mine myself out of the hole and continue mining ..but .let me tell
you mining that 8 btc back as the price went up to 1260 plus usd ...sucked......

So anyway my advice is 'stake out your bitcoin territory' in my case I NEVER thought I'd get 100 btc (esp the dark days of 2014 and 280 buck usd btc)...thus
that is my line in the sand.

Then do as you say....play with the rest above whatever your 'set' amount is.....its all about protecting the ego....if  you end up with BTC or crypto ...chump or champ

it will be one or the other in the end

[Lauda]

BTU blocks lower than Segwit in the 24 hours. Bottom seems to have been reached at around $900 for now. $990 wall being eaten on Bitstamp; time for a breakout?

[olseh]

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.

I have 100 btc I own from mining outright...only thing in is hobby/time/labor now...thus I will do like you and play with anything OVER that 100 btc...but
the hoard stays...my ONLY shot at a 'black swan event' or getting in on the equiv of "a venture capital deal' (like say big money hears about)

thus will feel less troubled if it all goes 'tulips' or beanie babies for the above...then if it goes up as I expect it will by holding.

Just something about 100 btc stake, that is my 'thou shall not pass'..I DID dump 8 btc off my 100 btc at the time last year at around 650 usd. to get knc liguidation
miners to mine myself out of the hole and continue mining ..but .let me tell
you mining that 8 btc back as the price went up to 1260 plus usd ...sucked......

So anyway my advice is 'stake out your bitcoin territory' in my case I NEVER thought I'd get 100 btc (esp the dark days of 2014 and 280 buck usd btc)...thus
that is my line in the sand.

Then do as you say....play with the rest above whatever your 'set' amount is.....its all about protecting the ego....if  you end up with BTC or crypto ...chump or champ

it will be one or the other in the end

Solid strategy, I like it! I'd love to say my stash was the health, alas it is not. Still happy with what I have however... but it can always be more

[becoin]

Who sold at the bottom?

[Coinnosaurus]

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.

Paying 10$ a month for that tag doesn't make you pro trader ,the majority could not figure out which will be the next move

Who sold at the bottom?

you want to find who bought your coins ?

[york780]

Who sold at the bottom?

Forgot march 16? Or march 22? You dont know if this was the bottom. We must see. I hope that this was the bottom. All depends on the whales.

[york780]

[/quote]

Paying 10$ a month for that tag doesn't make you pro trader ,the majority could not figure out which will be the next move
[/quote]

They really pay for that tag? Lol didnt know that, i was thinking that they had it because of experience. ^^

[STT]

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

Yes correct but it doesnt mean we are bullish or keep that 4 digit.   If it go up and hit that like we bumped our head and fall back down then its bearish and its only confirming itself as such.
But yea I think 1050 is a reasonable target now but I only think bitcoin is doing its usual thing of twisting and turning in an helix spiral pattern rather then anything linear and predictable.    900 is an echo of a longer term uptrend and its had a good reaction to that, we have see it develop in the next week really as its just a point on the weekend with forex not in play

More sideways is still my conviction and we'll see how it deals with each hurdle

[Torque]

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  

good luck competing with the free market.

Maybe that is no longer Bitcoin's goal... or fate. Perhaps it was just a delusional dream cooked up by its supporters. If Bitcoin (or any cryptocurrency really) has to remain niche in order to NOT become PayPal 2.0 or another centralized bankcoin long term, then I think most of it's users will be OK with that. I will certainly be OK with that.

If not, then they will prefer PayPal anyway, or JPMBankcoin whenever it inevitably launches.

Just having Cryptocurrency^TM stamped on the box doesn't mean shit, if it doesn't continue to adhere to core/founding principles long term.

[Miz4r]

Bitcoin will scale plenty with the Lightning Network, onchain however no chance. SegWit + hard fork later is the best you will get for scaling onchain without turning Bitcoin into Paypal 2.0. Optimizations like schnorr sigs will give us some more room onchain but beyond that we're really going to need to build on top of the base protocol layer to give us true long term scaling without sacrificing the core values of Bitcoin. If you don't like it well that's too bad, these are the facts.

[LFC_Bitcoin]

Who sold at the bottom?

Probably a lot of pussies with weak hands. It's like people don't learn from this game.

Bad news----->Panic selling----->Recovery

Rinse & repeat, why would anybody ever sell into a panic dump?

[york780]

Who sold at the bottom?

Probably a lot of pussies with weak hands. It's like people don't learn from this game.

Bad news----->Panic selling----->Recovery

Rinse & repeat, why would anybody ever sell into a panic dump?

Because lots op people dont trust bitcoin, thats why all the panic dumps happen in the first place.

[mike4001]

If you want BTC to go down just tell me.

I will buy 0,25 to 0,50 BTC -> price always goes down after that (just my bad luck)

[JimboToronto]

Good morning Bitcoinland.

I see we're back up once again, battling over $1000... currently $998USD (Bitcoinaverage).

Hopefully yesterday's whole day in triple digits was just a one-time thing. We still have lots of time left today to get over the hump.

I should be getting some extra cash within a few hours, not a lot but enough to get another quarter coin. Every little bit helps.

I'd hate to miss a chance to buy under $1000. Some day in the not too distant future, people will brag about having bought in triple digits, just as some now brag about having bought for double digits, and earlier adopters brag about paying single digits or pennies.

Because lots op people dont trust bitcoin, thats why all the panic dumps happen in the first place.

If they don't trust Bitcoin, why would they buy coins in the first place?

Nobody could ever consider traders very bright but that's just ridiculous.

[BrewMaster]

so how is everyone doing today
i just got home to my computer to see price is at $996.9 @finex already and it seems like the happy hour is over now.

i am sorry for those who sold a couple of hours ago!

Because lots op people dont trust bitcoin, thats why all the panic dumps happen in the first place.

and thank god for them. without them i don't know how i could get free coins.

[LFC_Bitcoin]

Who sold at the bottom?

Probably a lot of pussies with weak hands. It's like people don't learn from this game.

Bad news----->Panic selling----->Recovery

Rinse & repeat, why would anybody ever sell into a panic dump?

Because lots op people dont trust bitcoin, thats why all the panic dumps happen in the first place.

I guess so but if you're invested then you're invested. At least have the balls to try & ride it out. I started buying in May 2014 at around 400 GBP. I had to HODL for a long time at massive losses. Now I'm HODLING at like 3 x profit from my combined investment.

I don't think the time to sell will come until around 3-5 years from now. No technical analysis on that, just increased adoption & hopefully much higher prices than we are at currently.

[Raja_MBZ]

According to CoinMarketCap, we crossed $1000 once again...

I hope we don't go back to less than $900 ever again.

[Karartma1]

Good morning Bitcoinland.

I see we're back up once again, battling over $1000... currently $998USD (Bitcoinaverage).

Hopefully yesterday's whole day in triple digits was just a one-time thing. We still have lots of time left today to get over the hump.

I should be getting some extra cash within a few hours, not a lot but enough to get another quarter coin. Every little bit helps.

I'd hate to miss a chance to buy under $1000. Some day in the not too distant future, people will brag about having bought in triple digits, just as some now brag about having bought for double digits, and earlier adopters brag about paying single digits or pennies.

Because lots op people dont trust bitcoin, thats why all the panic dumps happen in the first place.

If they don't trust Bitcoin, why would they buy coins in the first place?

Nobody could ever consider traders very bright but that's just ridiculous.

You are a kind of torch against the darkness when we face difficult times. Your attitude makes me more comfortable my coffee lover friend
As we say, go bitcoin go!
Yes, let's cross $1000 for good.