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

[machasm]

Has the bogey man shown up on finex? Seems something has spooked them.

[Chef Ramsay]

Here's a good interview between Jeff Berwick and Trace Mayer about the upcoming soft fork coming w/ BIP148. Turbulence will be coming and folks need to be on guard for where they have their coins, partial or otherwise, stored.
https://www.youtube.com/watch?list=UUpf2Lxgf10AjzBT4GIIgDJw&v=QjZk7N7RXfA

[STT]

Ripple sounds interesting but its another topic not this one.   I have heard its a descriptor for other blockchains, that'd make more sense.  Unless it helps bitcoin its not relevant to price tracking of bitcoin afaik

$2451 on Stamp, atm. Nice recovery after we sunk all the way down into the $1800's only a matter of days ago.
I wonder what the chances are of a pump to $3000 in the short term.

It's possible. Every time I think it can't keep going up at this speed it goes up higher.

I didn't experience any of the previous mega rallies. Maybe that's why I keep thinking it's not sustainable for it to keep going up in value quickly. During the bear market every pump preceded a bigger crash. I haven't yet got used to every small crash preceding a bigger pump.

We will not visit 3000 without alot of work and resistance over come first.    Its a fair theory that our rapid ascent after 2000 was partly because it was untracked and unknown space, also leading to a quick sell off in a similar way.   Now we do have previous price history at this level and each part must meet old holders who now wish to sell and are apprehensive of higher prices due to its previous quick fall.

That kind of memory to the market means we should progress more slowly but I think so long as we do continue to negotiate prices its overall a positive and bitcoin is still maintaining a slower rate of uptrend.

Ive drawn in resistance 17155 CNY.  Its a good point of reference I think as it was the highest price falling the initial fall, a first price check for a bounce back by the fastest speculators.  Now some days later (much time in crypto :p) its a resting point and ceiling for the moment to consider.   2169 is 50% of the initial fall in EUROS showing as the high now with lows right now meeting previous days highs (higher highs), I think resolving above 2113 would be medium term a small positive to rest at.
Also drew a rough channel with 2000 being a channel bottom (higher lows) in sentiment

[BitcoinNewsMagazine]

Before the ATH is tested there is fair resistance at $2560 - $2600 to break through first. Once the ATH is taken out the Fibonacci extensions give some price targets:



If we add an earlier longer time frame chart of the Fibonacci extensions you can see how the 2.618 extension predicted the current ATH fairly accurately.



Taking both charts into consideration it would seem that if the current ATH is taken out a reasonable price target is between $4200 and $4400.

[Asrael999]

Ripple is a system that allows the existing monetary framework to maintain control of payments systems and network. It is a distributed database not a decentralised one and analogous to AOL and Compuserve as a walled garden system on the Internet. 

[FractalUniverse]

Has the bogey man shown up on finex? Seems something has spooked them.

how? i dont see anything wrong

[machasm]

Has the bogey man shown up on finex? Seems something has spooked them.

how? i dont see anything wrong

NVM I was looking at the wrong timeline doh!

[jbreher]

I didn't experience any of the previous mega rallies. Maybe that's why I keep thinking it's not sustainable for it to keep going up in value quickly. During the bear market every pump preceded a bigger crash. I haven't yet got used to every small crash preceding a bigger pump yet.

Same. My monocle keeps falling into my gin!

Quite so, old chap. Welcome to the economic singularity.

[Torque]

This whole first half of the year has just been the pre-game show.

Just wait until Sept./Oct., then you're gonna really see some crazy shit!

Buy bitcoin and buckle up.

^{(And for gods sakes, stay away from Altlandia and all that ICO crap, unless you want to lose everything)}

[FractalUniverse]

^{(And for gods sakes, stay away from Altlandia and all that ICO crap, unless you want to lose everything)}

im not into ICOs much, but if there is one genuine shitcoin actually named shitcoin ICO, i may get some with few bucks
We need the real one not hiding behind some fancy name like >95% of others. just name it after what it really is

[leowonderful]

^{(And for gods sakes, stay away from Altlandia and all that ICO crap, unless you want to lose everything)}

im not into ICOs much, but if there is one genuine shitcoin actually named shitcoin ICO, i may get some with few bucks
We need the real one not hiding behind some fancy name like >95% of others. just name it after what it really is

There aren't any real ones. All of them are shit just like their name suggests, without some outlandishly fancy name they won't get people "using" it. The ones that are named for their real function don't get anywhere because of that.

[rjclarke2000]

This whole first half of the year has just been the pre-game show.

Just wait until Sept./Oct., then you're gonna really see some crazy shit!

Buy bitcoin and buckle up.

^{(And for gods sakes, stay away from Altlandia and all that ICO crap, unless you want to lose everything)}

Why sept oct Torque? I hope you are right, that would be incredible.

[Torque]

This whole first half of the year has just been the pre-game show.

Just wait until Sept./Oct., then you're gonna really see some crazy shit!

Buy bitcoin and buckle up.

^{(And for gods sakes, stay away from Altlandia and all that ICO crap, unless you want to lose everything)}

Why sept oct Torque? I hope you are right, that would be incredible.

Just a feeling. U.S. Debt ceiling will hit the wall then, wouldn't be surprised to see some worldwide market shakeup happen because of it. Also, cracks are starting to show in the Australian and Canadian housing bubbles, China shadow banking bubble, etc. Worldwide markets, banks, and peak debt are tapped out. Things heating up with N. Korea and in the South China sea. So I feel like we're heading for the wall sometime in the Fall, worse case first of next year.

[Dabs]

I'm actually making some money on these ICOs, but I eventually trade them back to BTC. Some are so crappy I hodl them for several months, then one day they go boom, and I dump it all back to BTC. Some I missed the ICO, but found them on an exchange. Then they went up 40% in one or two days, sold them all, got back my BTC and a half. (Then it continued to double, then crashed. heh.)

[becoin]

This whole first half of the year has just been the pre-game show.

Just wait until Sept./Oct., then you're gonna really see some crazy shit!

Buy bitcoin and buckle up.

^{(And for gods sakes, stay away from Altlandia and all that ICO crap, unless you want to lose everything)}

Why sept oct Torque? I hope you are right, that would be incredible.

Just a feeling. U.S. Debt ceiling will hit the wall then, wouldn't be surprised to see some worldwide market shakeup happen because of it. Also, cracks are starting to show in the Australian and Canadian housing bubbles, China shadow banking bubble, etc. Worldwide markets, banks, and peak debt are tapped out. Things heating up with N. Korea and in the South China sea. So I feel like we're heading for the wall sometime in the Fall, worse case first of next year.

After 1st August jitters and UASF BIP 148 is behind us, Bitcoin will shoot up beyond $10,000 in October or November.

[European Central Bank]

After 1st August jitters and UASF BIP 148 is behind us, Bitcoin will shoot up beyond $10,000 in October or November.

that is a very recent jitter. won't those price levels be far more likely if it forces a real scaling agreement before it activates?

[rjclarke2000]

This whole first half of the year has just been the pre-game show.

Just wait until Sept./Oct., then you're gonna really see some crazy shit!

Buy bitcoin and buckle up.

^{(And for gods sakes, stay away from Altlandia and all that ICO crap, unless you want to lose everything)}

Why sept oct Torque? I hope you are right, that would be incredible.

Just a feeling. U.S. Debt ceiling will hit the wall then, wouldn't be surprised to see some worldwide market shakeup happen because of it. Also, cracks are starting to show in the Australian and Canadian housing bubbles, China shadow banking bubble, etc. Worldwide markets, banks, and peak debt are tapped out. Things heating up with N. Korea and in the South China sea. So I feel like we're heading for the wall sometime in the Fall, worse case first of next year.

After 1st August jitters and UASF BIP 148 is behind us, Bitcoin will shoot up beyond $10,000 in October or November.

So what's the deal with the August 1st date then?? $10k would be very pleasant. I struggle to imagine it but then not long ago 2000 seemed madness. I remember celebrating at 500. Now I feel unemotional at each rise.

[BayAreaCoins]

Before the ATH is tested there is fair resistance at $2560 - $2600 to break through first. Once the ATH is taken out the Fibonacci extensions give some price targets:



If we add an earlier longer time frame chart of the Fibonacci extensions you can see how the 2.618 extension predicted the current ATH fairly accurately.



Taking both charts into consideration it would seem that if the current ATH is taken out a reasonable price target is between $4200 and $4400.

Pretty wild to look at.

[JayJuanGee]

This whole first half of the year has just been the pre-game show.

Just wait until Sept./Oct., then you're gonna really see some crazy shit!

Buy bitcoin and buckle up.

^{(And for gods sakes, stay away from Altlandia and all that ICO crap, unless you want to lose everything)}

Why sept oct Torque? I hope you are right, that would be incredible.

Just a feeling. U.S. Debt ceiling will hit the wall then, wouldn't be surprised to see some worldwide market shakeup happen because of it. Also, cracks are starting to show in the Australian and Canadian housing bubbles, China shadow banking bubble, etc. Worldwide markets, banks, and peak debt are tapped out. Things heating up with N. Korea and in the South China sea. So I feel like we're heading for the wall sometime in the Fall, worse case first of next year.

After 1st August jitters and UASF BIP 148 is behind us, Bitcoin will shoot up beyond $10,000 in October or November.

That could be the second bubble of the year... but we are not yet done with this bubble that will likely take us to $4 to $6k within the coming months.

[becoin]

After 1st August jitters and UASF BIP 148 is behind us, Bitcoin will shoot up beyond $10,000 in October or November.

that is a very recent jitter. won't those price levels be far more likely if it forces a real scaling agreement before it activates?

Bitmain doesn't need scaling! Jihady Wu is raking up half of a million dollars every day only out of your tx fees. Scaling agreement is not possible if he isn't forced to accept segwit. UASF BIP 148 is the best way to do that.