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

[Searing]

I believe this current formation is a flag, a bullish sign of a possible further break upwards.  The flag is formed after consolidation post a rise through resistance.     I'm not that familiar with flag action but I just hear it mentioned alot in stock markets as they are at highs.  
Bitcoin bears a parallel generally in that they both benefit from the zero interest rate policy for dollars.   Though FED has raised rates again recently, it moves in very small amounts and lags the inflation rate which is higher then base rates.   We have at present negative rates when accounting for losses to inflation, this benefits market speculators with far lower costs to borrow any other time in history almost.

Looks like we're finally through the giant cup and handle formation that's been happening since 2013.  I have no idea what could happen now - it could break further upwards but I can't see any events which would make it happen.  The tiny liquidity on exchanges is making the price unpredictable and my head hurts.

yeah with LTC coming to an agreement vs bitcoin still fighing it out on how to go forward....IF nothing happens in comparison on BTC's side on this scaling etc

price could go 'ker plunk' downward...

that could be the big downside to them stalling on all this...the comparison with movement/consensus on litecoin....makes more folk go to alts

then again..might get them off their ass and decide something as well....LTC showing a path so to speak

(the ways of bitcoin devs of any flavor are mysterious to me)

[Instamined]

(the ways of bitcoin devs of any flavor are mysterious to me)

I think there are a lot of early adopters who have already seen so much life-changing profit that they are relatively indifferent to progress and merely want to preserve what they have. Subliminally, of course. Publicly they all take certain stances but how many of them are seriously set in their views and wouldn't change if the new circumstances were favorable to them? I wager not many.

[Denker]

I believe this current formation is a flag, a bullish sign of a possible further break upwards.  The flag is formed after consolidation post a rise through resistance.     I'm not that familiar with flag action but I just hear it mentioned alot in stock markets as they are at highs.  
Bitcoin bears a parallel generally in that they both benefit from the zero interest rate policy for dollars.   Though FED has raised rates again recently, it moves in very small amounts and lags the inflation rate which is higher then base rates.   We have at present negative rates when accounting for losses to inflation, this benefits market speculators with far lower costs to borrow any other time in history almost.

Looks like we're finally through the giant cup and handle formation that's been happening since 2013.  I have no idea what could happen now - it could break further upwards but I can't see any events which would make it happen.  The tiny liquidity on exchanges is making the price unpredictable and my head hurts.

yeah with LTC coming to an agreement vs bitcoin still fighing it out on how to go forward....IF nothing happens in comparison on BTC's side on this scaling etc

price could go 'ker plunk' downward...

that could be the big downside to them stalling on all this...the comparison with movement/consensus on litecoin....makes more folk go to alts

then again..might get them off their ass and decide something as well....LTC showing a path so to speak

(the ways of bitcoin devs of any flavor are mysterious to me)

I think you're way too negative. Sure this scaling issue sucks and we all want it to be solved as quick as possible.
Imo we will se SegWit getting activated in about 6-12 months. And then sky is the limit.
In the meanwhile I believe the price could move up to ~ $2000. Not saying it will be sustainable, but it can be reached.
I mean look how resilient the price has been despite all the drama we've seen the last few weeks and months. ETF rejection, HF threat, ASICBOOST, Antbleed, Altcoins bubbling etc. And still we are over $1300 on an average. Imo this is amazing!!

[phatsphere]

this thread is no longer about walls. aren't there any walls any more?

[york780]

this thread is no longer about walls. aren't there any walls any more?

I expect some resistance at the moon.

[pfrtlpfmpf]

this thread is no longer about walls. aren't there any walls any more?

I expect some resistance at the moon.

But, well its gone, flew past it, so i´m preparing myself for mars ? 

[york780]

this thread is no longer about walls. aren't there any walls any more?

I expect some resistance at the moon.

But, well its gone, flew past it, so i´m preparing myself for mars ? 

BTC is still at the bottom. I expect 10 000 within 2 years.

[pfrtlpfmpf]

this thread is no longer about walls. aren't there any walls any more?

I expect some resistance at the moon.

But, well its gone, flew past it, so i´m preparing myself for mars ?  

BTC is still at the bottom. I expect 10 000 within 2 years.

At the bottom? Yep, i think, either it´s worth nothing, or much, much more !
Nothing in between.

[york780]

this thread is no longer about walls. aren't there any walls any more?

I expect some resistance at the moon.

But, well its gone, flew past it, so i´m preparing myself for mars ?  

BTC is still at the bottom. I expect 10 000 within 2 years.

At the bottom? Yep, i think, either it´s worth nothing, or much, much more !
Nothing in between.

True. Or we will all be broke, but that will mean that crypto has failed, or 1 BTC = 1 lambo

[pfrtlpfmpf]

this thread is no longer about walls. aren't there any walls any more?

I expect some resistance at the moon.

But, well its gone, flew past it, so i´m preparing myself for mars ?  

BTC is still at the bottom. I expect 10 000 within 2 years.

At the bottom? Yep, i think, either it´s worth nothing, or much, much more !
Nothing in between.

True. Or we will all be broke, but that will mean that crypto has failed, or 1 BTC = 1 lambo

That Lambo is hounting me. I´ll buy one just for you, guys 

[Grillo]

this thread is no longer about walls. aren't there any walls any more?

I expect some resistance at the moon.

But, well its gone, flew past it, so i´m preparing myself for mars ?  

BTC is still at the bottom. I expect 10 000 within 2 years.

At the bottom? Yep, i think, either it´s worth nothing, or much, much more !
Nothing in between.

True. Or we will all be broke, but that will mean that crypto has failed, or 1 BTC = 1 lambo

That Lambo is hounting me. I´ll buy one just for you, guys 

We are in no mans land at the moment.
The only resistance right now is moon!

[york780]

this thread is no longer about walls. aren't there any walls any more?

I expect some resistance at the moon.

But, well its gone, flew past it, so i´m preparing myself for mars ?  

BTC is still at the bottom. I expect 10 000 within 2 years.

At the bottom? Yep, i think, either it´s worth nothing, or much, much more !
Nothing in between.

True. Or we will all be broke, but that will mean that crypto has failed, or 1 BTC = 1 lambo

That Lambo is hounting me. I´ll buy one just for you, guys 

We are in no mans land at the moment.
The only resistance right now is moon!

Still $10 to go before we are in nomansland.

I expect some big movement soon.
BTC still king.

[BlindMayorBitcorn]

[coin@coin]

How can someone tell the exact BTC all time high?

Based on which price ticker? CoinmarketCap? Preev? Bitcoin Average?

[JimboToronto]

Good morning Bitcoinland.

I see we're stuck going sideways... currently $1333USD (Bitcoinaverage).

It's now 6 consecutive days we've been above an ounce of gold. Is that a new record?

[tk3609]

How can someone tell the exact BTC all time high?

Based on which price ticker? CoinmarketCap? Preev? Bitcoin Average?

I would say bitstamps 1350$

[tk3609]

IF nothing happens in comparison on BTC's side on this scaling etc

price could go 'ker plunk' downward...

I strongly disagree, no agreement in scaling battle would be bullish news for BTC and a proof of Bitcoin's stability. And who cares how much does payment costs if we are hedging against collapsing western civilization.

[European Central Bank]

I strongly disagree, no agreement in scaling battle would be bullish news for BTC and a proof of Bitcoin's stability. And who cares how much does payment costs if we are hedging against collapsing western civilization.

bullish for the true believers. unfortunately there ain't very many of them. everyone else is chasing those dollars.

[savetherainforest]

[...] TL:DR
 

york what's your prediction for xrp and eth now? should I jump out like you said 4 days ago?

Luckily I don't give a fuck what some people tend to say in speculative forums, that's why I'm in a huge profit atm.

Merchants will not accept ETH, but they will accept BTCTC. Hope that gives you an answer!

[york780]

[...] TL:DR
 

york what's your prediction for xrp and eth now? should I jump out like you said 4 days ago?

Luckily I don't give a fuck what some people tend to say in speculative forums, that's why I'm in a huge profit atm.

Merchants will not accept ETH, but they will accept BTCTC. Hope that gives you an answer!

BTC is the bridge that connects crypto to the outside. Its a store of value, it has still the best development of all the crypto's. Its simply awesome. Only BU can ruin it, but they are dead. BTC will moon, but altcoins will become bigger than BTC. In 3 years BTC at 10 000 usd with a marketdominance of 30%. Other 70% will be altcoins.