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

[Coinnosaurus]

i suspect new ath coming pretty soon.


if you find yourself selling because of all the (very real) FUD, you are doing it wrong!

I suspect a little down to 1120-1150 before

wtf you talking about, if market was a cartoon character it would look somthing like this right now.

actually if the market was one of the characters from The Lord of the Rings it would look like this right now

"up or down?"

[r0ach]

https://blockchain.info/blocks

[Karartma1]

Good morning Bitcoinland.

The battle for $1200 rages on... currently $1188USD (Bitcoinaverage).

This is the second day of sideways consolidation in the $1180-$1200 range.

It had crept over $1200 on some exchanges but that series of significant ask walls in the $1196-$1198 range at Stamp kept it from going up despite good chunks of those walls being eaten. Now those other exchanges are trading at less than $1200 as well.

Now it's the weekend. More consolidation or do they pull the walls and let the price move another leg up?

I think 1000 BTC wall could have been considered a wall three years ago. Today a thousand BTC wall is more like a wooden fence.

I think you have that backward.

3-4 years ago anything under a few thousand coins wasn't considered a wall at all. People still remembered when 10k coins only bought a couple of pizzas and 1k coin gifts were not uncommon. A mere 500 coin ask wasn't considered a wall, just a decent bump in the road, the price of a nice car.

Now 500 coins represents over half a million dollars, and can have a significant effect on the market.

Market cap isn't a big consideration in this. That 10k coin pizza represented a larger portion of Bitcoins total market cap than "Manbearwhale's" infamous 30k coin ask wall did in 2014. Now after 2 halvings and with most of the eventual total coins having already been mined, it's less and less of an issue.

10k pizza at the time of the trade were around $50. I agree with your clarification but considering the amount of coins available today I don't tend to consider a 1000 btc wall so big even if in fiat money that's a lot.

[Globb0]

So you consider all wallers to be earlier holders?

[silverfuture]

Time to fulfill Afrikoin's prophecy.
I'm already sold out and waiting for $750.

Not 100% on 750 but I'm in fiat unless it pops up convincingly through those walls. It's been a bit of a slow grind down so we'll see where it bottoms out. I hope Africoin is correct.

You playing your whole investment on down?

Wow!!!!  If so, you sound like an irrational gambler.

I keep most in cold storage but what I do have on exchanges I go pretty much all in or out depending on which way I think it's going. It might be a poor strategy for some but it's worked well for me so far.

[york780]

Time to fulfill Afrikoin's prophecy.
I'm already sold out and waiting for $750.

Not 100% on 750 but I'm in fiat unless it pops up convincingly through those walls. It's been a bit of a slow grind down so we'll see where it bottoms out. I hope Africoin is correct.

You playing your whole investment on down?

Wow!!!!  If so, you sound like an irrational gambler.

I keep most in cold storage but what I do have on exchanges I go pretty much all in or out depending on which way I think it's going. It might be a poor strategy for some but it's worked well for me so far.

Never go in fiat, altcoins are better than fiat. Try ETC.

[JayJuanGee]

Time to fulfill Afrikoin's prophecy.
I'm already sold out and waiting for $750.

Not 100% on 750 but I'm in fiat unless it pops up convincingly through those walls. It's been a bit of a slow grind down so we'll see where it bottoms out. I hope Africoin is correct.

You playing your whole investment on down?

Wow!!!!  If so, you sound like an irrational gambler.

I keep most in cold storage but what I do have on exchanges I go pretty much all in or out depending on which way I think it's going. It might be a poor strategy for some but it's worked well for me so far.

Well, if you are used to engaging in that kind of strategy, then you likely have various ways to offset the risk.

I just have a problem with that kind of strategy because there seems to be a lot of luck with such an approach because frequently  there seems to be little to no way to know (unless you happen to be a really large whale) which way the price is going to go in the short to medium term (lets say 1day to 1 month term).  I don't know how long you would be holding your position open in the event that the market moves opposite to your expectations, but it seems like quite a bit of a gamble.

Sure maybe sometimes you would make really big if you predict correctly, but with that kind of strategy, you might wipe out a decent amount of your trading stash, too if you bet wrong.

You are not saying anything about margin, but engaging in margin trading would merely amplify the results, whether positive or negative, but still would not seem to result in long term gains, unless you just happen to get lucky.

[gembitz]

Time to fulfill Afrikoin's prophecy.
I'm already sold out and waiting for $750.

Not 100% on 750 but I'm in fiat unless it pops up convincingly through those walls. It's been a bit of a slow grind down so we'll see where it bottoms out. I hope Africoin is correct.

You playing your whole investment on down?

Wow!!!!  If so, you sound like an irrational gambler.

I keep most in cold storage but what I do have on exchanges I go pretty much all in or out depending on which way I think it's going. It might be a poor strategy for some but it's worked well for me so far.

Never go in fiat, altcoins are better than fiat. Try ETC.

^ETC and BTC===> TAG TEAM THE TWO BIGGEST NAMES IN CRYPTOGRAPHY :-D

[JimboToronto]

Good morning Bitcoinland.

Woke up just in time to see we're making a serious attempt to finally conquer $1200... currently 1198USD (Bitcoinaverage).

Let's get 'er done so we can keep moving upward. A little sideways is good for consolidation but after 3 days it gets boring.

I'm already sold out and waiting for $750.

Lawl. And I thought waiting for $800 was irrational. Why not $200?

You do realize that it only spent one day under $1000 in the past 2 months+ don't you?

I'd jump on any buying opportunity under $1050, maybe even under $1100.

Edit: $1200 done. Keep it coming.

[JohnUser]

Good morning Bitcoinland.

Woke up just in time to see we're making a serious attempt to finally conquer $1200... currently 1198USD (Bitcoinaverage).

Let's get 'er done so we can keep moving upward. A little sideways is good for consolidation but after 3 days it gets boring.

I'm already sold out and waiting for $750.

Lawl. And I thought waiting for $800 was irrational. Why not $200?

You do realize that it only spent one day under $1000 in the past 2 months+ don't you?

I'd jump on any buying opportunity under $1050, maybe even under $1100.

Edit: $1200 done. Keep it coming.

It was a long way to broke this 1200$

You should go back to bed and wake up again in half an hour so we will see 1250$

[petahashminer]

we have passed $1200 safely with high volume,

so whats next ?

new target ounce gold ? or beyond that?

[JayJuanGee]

we have passed $1200 safely with high volume,

so whats next ?

new target ounce gold ? or beyond that?

I think that if we stay above $1200 for 24 hours or so, then it seems quite likely that we will be testing $1350-ish



Edit:

That was a nice pop. Next target $1350?

Edit: 2018 target 1 BTC= Dow Jones

I was too late about the $1350 test (great minds think alike, no? or we are all brainwashed)

[JimboToronto]

It was a long way to broke this 1200$

Just 3 tries in less than half a week.

You should go back to bed and wake up again in half an hour so we will 1250$

Too late for that. I've already got the coffee on.

It might take a couple more days of consolidation before we hit $1250 though.

[harrymmmm]

we have passed $1200 safely with high volume,

so whats next ?

new target ounce gold ? or beyond that?

I just noticed the new version of mycelium on my phone sez bitfinex btcusd is already 1218.
Maybe they know something we don't.

edit: mycelium vindicated. we're there already.

[gembitz]

Good morning Bitcoinland.

Woke up just in time to see we're making a serious attempt to finally conquer $1200... currently 1198USD (Bitcoinaverage).

Let's get 'er done so we can keep moving upward. A little sideways is good for consolidation but after 3 days it gets boring.

I'm already sold out and waiting for $750.

Lawl. And I thought waiting for $800 was irrational. Why not $200?

You do realize that it only spent one day under $1000 in the past 2 months+ don't you?

I'd jump on any buying opportunity under $1050, maybe even under $1100.

Edit: $1200 done. Keep it coming.

^good morning sir the copyright people are trying sooo hard to stop bitcoin and file sharing ~ it's reaching epic battle mode ... they are trying to threaten legal action against their own customers ~ fekking cable companys are feeling the squeeze of peer-to-peer sharing and private (anonymous) bitcoin payment systems== they are sooo pissed ==gotta love it ! :-D //^weeeee

[Ted E. Bare]

Time to fulfill Afrikoin's prophecy.
I'm already sold out and waiting for $750.

Are you rich yet?? XDDD

[gembitz]

we have passed $1200 safely with high volume,

so whats next ?

new target ounce gold ? or beyond that?

/\$1337

[explorer]

That was a nice pop. Next target $1350?

Edit: 2018 target 1 BTC= Dow Jones

So...  <10k, or 100k?  I doubt it (DJIA) will be anywhere near 20k in 2018.

[dloghwak]

That was a nice pop. Next target $1350?

Edit: 2018 target 1 BTC= Dow Jones

So...  <10k, or 100k?  I doubt it (DJIA) will be anywhere near 20k in 2018.

So.. the Dow either crashes >50% or surges 500% in a year ? seems legit.

[Torque]

Bitcoin rises again as more alts crash.

Further proof that 'The Great Altcoin Bait-n-Switch Pump of 2017' was a complete farce.  Feel sorry for those n00bs that got taken, but at least they'll learn a hard lesson.