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

[Lauda]

Thx Lauda, unfortunately the pic doesn't work anymore, i think the price is to high with all those extra zero's

I didn't have time to modify it so that it works on the forum too, but someone else did in the meantime.

Rumor is if Finex hits $1600 it will rocket to $2000 with all those shorts destroyed. Followed with a (weekend) dump to sub $1400 or $1300 is plausible.

Finex was above $1600 yesterday. Didn't you catch that?

thank you Lauda 

You are welcome.

About projections: until I don't see the finex thing solved in one way or another I don't know what is going to happen and if we'll keep $1400.

In terms of the price, building out a new bottom around 1400 would be great. But it's still too early imo and that BitFinex issue still isn't solved and feels a bit like the sword of damocles. This won't have such an impact as Mt.Gox had in 2014 but definitely could do enough harm in terms of future price and trend development.

Support building above $1400 would be a very good indicator IMO.

[bitserve]

Someone asked for an update of this gif, and someone created it (I'm just sharing). Make sure to bookmark it: https://i.giphy.com/l4FGCYu1xKXZAoBwc.gif (can't be embedded here probably due to filesize)
Any projections for this uncharted territory? New support building at $14xx+?

Yeah I think mayn of us were waiting for un update. Finally we got it. Thanks for sharing.
In terms of the price, building out a new bottom around 1400 would be great. But it's still too early imo and that BitFinex issue still isn't solved and feels a bit like the sword of damocles. This won't have such an impact as Mt.Gox had in 2014 but definitely could do enough harm in terms of future price and trend development.

The Bitfinex issue should be meaningless in comparison to MtGOX for several reasons. Not only there are way more exchanges out there, but also there has been enough enough time and advices to get out of there already. I supposse that after MtGOX lesson, most have already learn the risks.

If anyone loses any money when/if Bitfinex goes belly up it is because they don't really care about it or because they are shorters that are willing to sink with the ship.

Also if it really goes under, it will probably die with one final big spike upwards.

[bitebits]

The funny thing is if/when Bitfinex actually solves it's banking issues (and therefore proves to be USD solvent), there will be a price correction.

[Cangkeman Wae]

Amazingly, this is the record that the price had already passed $1450. I think the trend of rising prices will continue until the end of this year.

[dukeneptun]

Amazingly, this is the record that the price had already passed $1450. I think the trend of rising prices will continue until the end of this year.

I was told 10K by the end of the year so hold on tight.

[bitserve]

The funny thing is if/when Bitfinex actually solves it's banking issues (and therefore proves to be USD solvent), there will be a price correction.

Yes, that is also true. Although I neither expect that to be a violent move at all.

[JayJuanGee]

Amazingly, this is the record that the price had already passed $1450. I think the trend of rising prices will continue until the end of this year.

I was told 10K by the end of the year so hold on tight.

Who told you?

Someone on the interwebs?

Sounds like a wish.. rather than anything, no? 

I put the chances of $10k by the end of the year to be less than 10%.. and even 10% would be pretty good, but I am not sure if such a prediction is even that high.   

[craked5]

Amazingly, this is the record that the price had already passed $1450. I think the trend of rising prices will continue until the end of this year.

I was told 10K by the end of the year so hold on tight.

Who told you?

Someone on the interwebs?

Sounds like a wish.. rather than anything, no? 

I put the chances of $10k by the end of the year to be less than 10%.. and even 10% would be pretty good, but I am not sure if such a prediction is even that high.   

No it's not, that's like saying price will crash to 100$. It's not impossible but there is nothing right now that could support such a claim. Of course if Trump decides to recognize btc as a national currency price will go through the roofs but that won't happen ^^

[snipie]

The funny thing is if/when Bitfinex actually solves it's banking issues (and therefore proves to be USD solvent), there will be a price correction.

Yes, that is also true. Although I neither expect that to be a violent move at all.

There will be a price correction but I think that it will just reduce the abnormal +$100 gap between bitfinex and the other exchanges, I don't think that the bitcoin price will crush under $1400 

[craked5]

The funny thing is if/when Bitfinex actually solves it's banking issues (and therefore proves to be USD solvent), there will be a price correction.

Yes, that is also true. Although I neither expect that to be a violent move at all.

There will be a price correction but I think that it will just reduce the abnormal +$100 gap between bitfinex and the other exchanges, I don't think that the bitcoin price will crush under $1400 

I don't understand this gap though, is there any explanation for it?
But yeah no way the price goes too low, all I see about btc are good news!

[Okurkabinladin]

The funny thing is if/when Bitfinex actually solves it's banking issues (and therefore proves to be USD solvent), there will be a price correction.

Yes, that is also true. Although I neither expect that to be a violent move at all.

There will be a price correction but I think that it will just reduce the abnormal +$100 gap between bitfinex and the other exchanges, I don't think that the bitcoin price will crush under $1400 

I don't understand this gap though, is there any explanation for it?
But yeah no way the price goes too low, all I see about btc are good news!

Every time you start seeing members saying "price XY is gone forever" it is time to mentally prepare for it 

Seems like we have no respite for now, though. And the rise will reach local top without correction. I am as excited as you are.

[becoin]

Most of the "professional" traders were caught short by this unstoppable uptrend. Nobody knows at what level there will be substantial correction. It can be at 2000, 3000 or 5000. When that happens you'll see a 10-15% daily uptick confirming that shorts have capitulated and time is right for healthy correction. Until that happens even day traders are not advised to close their longs.

[Wekkel]

Wait for ridiculous, and then some more. And sell then.

[Okurkabinladin]

Wait for ridiculous, and then some more. And sell then.

This might be the best trading advice on this thread in the past thousand pages or so given how so many locals mistake this place for some sort their personal diary.

Thank you, sir.

[Lauda]

$4 away from yesterdays ATH on Bitstamp. Is anyone else ready for $1500 to break over there as I am?

Wait for ridiculous, and then some more. And sell then.

I would advise against attempting to sell high and buying low for inexperienced people, i.e. those who don't trade often. It is highly likely that you will end up doing the opposite, i.e. sell low and buy back in high. I've seen this happen to a lot of people.

[mike4001]

$ 1479 now on Bitstamp

gogogo ...

[craked5]

$4 away from yesterdays ATH on Bitstamp. Is anyone else ready for $1500 to break over there as I am?

I stopped following the ATH few weeks ago.
In this days seems to me that we reach a new ATH every week xD

[fichtn12345]

Amazingly, this is the record that the price had already passed $1450. I think the trend of rising prices will continue until the end of this year times.

FTFY

[Ibian]

Anyone else bored?

[Okurkabinladin]

$4 away from yesterdays ATH on Bitstamp. Is anyone else ready for $1500 to break over there as I am?

Wait for ridiculous, and then some more. And sell then.

I would advise against attempting to sell high and buying low for inexperienced people, i.e. those who don't trade often. It is highly likely that you will end up doing the opposite, i.e. sell low and buy back in high. I've seen this happen to a lot of people.

Well, sure. Holding bags is safest way to make money in market that is undergoing its boom stage.

However, staying put may also prevent people from ever learning the ins and outs of cryptocurrency.

Middle road might prove the best, Forex Traders advise to never trade with more than 5% of your net worth. A lot of local gamblers would do well to follow it.