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

[rjclarke2000]

So...weekend lift or dump?

I feel like it's a weekend dump.  It's either gonna roll over or rocket up, lol.

Does anyone think that we might be in a kind of ascending triangle with a tightening of the price range that is working out in such a way that an upwards breakout is likely to take place in the coming days?  so in that regard, we are likely to experience an upwards break before the end of the weekend resulting in another test of $3k?

Thereafter, if we actually get to the point of testing $3k resistance, what are the odds of breaking through $3k?  60% yes/40% no?

5% yes

[White sugar]

So...weekend lift or dump?

I feel like it's a weekend dump.  It's either gonna roll over or rocket up, lol.

Does anyone think that we might be in a kind of ascending triangle with a tightening of the price range that is working out in such a way that an upwards breakout is likely to take place in the coming days?  so in that regard, we are likely to experience an upwards break before the end of the weekend resulting in another test of $3k?

Thereafter, if we actually get to the point of testing $3k resistance, what are the odds of breaking through $3k?  60% yes/40% no?

$3100 is the most important test point in my opinion, $3000 won't be as hard

[JayJuanGee]

So...weekend lift or dump?

I feel like it's a weekend dump.  It's either gonna roll over or rocket up, lol.

Does anyone think that we might be in a kind of ascending triangle with a tightening of the price range that is working out in such a way that an upwards breakout is likely to take place in the coming days?  so in that regard, we are likely to experience an upwards break before the end of the weekend resulting in another test of $3k?

Thereafter, if we actually get to the point of testing $3k resistance, what are the odds of breaking through $3k?  60% yes/40% no?

5% yes

5% yes to which part?  The whole thing?

I understand that there are at least a couple of steps:

Step 1) we have to get to the testing $3k resistance arena (let's call that getting above $2,920) - that is approximately within less than 3% of $3k.... getting to that resistance testing arena by the end of the weekend may be less than 50%

Step 2) We have to actually get above $3k - I am not sure whether flash spiking above $3k counts, but I suppose technically it does, even though it is more meaningful to actually stay above $3k - once we get into the test arena, the I give it better odds of breaking above, but we gotta get there first.

So maybe I am only giving less than 30% to the whole package, even though I am giving 60% for the second half, if we were to get there.



Edited after posting above:

$3100 is the most important test point in my opinion, $3000 won't be as hard

I agree with you, and relates to my second step idea, above about how much above $3k is sufficient  in order to stay above $3k, and you are correct probably $3,100 would be enough.  However, if prices go to $3,100, then it is pretty likely the next test of resistance would be in the $3,300 to $3,600 arena.

[RayX12]

Not even the drums of war are propping up the dollar.  Bullish for crypto!

https://www.youtube.com/watch?v=4DfKydv_XBQ

[rjclarke2000]

So...weekend lift or dump?

I feel like it's a weekend dump.  It's either gonna roll over or rocket up, lol.

Does anyone think that we might be in a kind of ascending triangle with a tightening of the price range that is working out in such a way that an upwards breakout is likely to take place in the coming days?  so in that regard, we are likely to experience an upwards break before the end of the weekend resulting in another test of $3k?

Thereafter, if we actually get to the point of testing $3k resistance, what are the odds of breaking through $3k?  60% yes/40% no?

5% yes

5% yes to which part?  The whole thing?

I understand that there are at least a couple of steps:

Step 1) we have to get to the testing $3k resistance arena (let's call that getting above $2,920) - that is approximately within less than 3% of $3k.... getting to that resistance testing arena by the end of the weekend may be less than 50%

Step 2) We have to actually get above $3k - I am not sure whether flash spiking above $3k counts, but I suppose technically it does, even though it is more meaningful to actually stay above $3k - once we get into the test arena, the I give it better odds of breaking above, but we gotta get there first.

So maybe I am only giving less than 30% to the whole package, even though I am giving 60% for the second half, if we were to get there.



Edited after posting above:

$3100 is the most important test point in my opinion, $3000 won't be as hard

I agree with you, and relates to my second step idea, above about how much above $3k is sufficient  in order to stay above $3k, and you are correct probably $3,100 would be enough.  However, if prices go to $3,100, then it is pretty likely the next test of resistance would be in the $3,300 to $3,600 arena.

5% to going over 3k this weekend.

I was truthfully saying this to wind you up a bit. I only said it as I remember saying 5% last weekend to you.

Never mind, the moment has passed.

Back to my real opinion.....I can't back this up and it's only a feeling but I think a bit more up and a lot more down followed by more up then down but mainly sideways........AND THEN 3k mid July. That's not too crazy a prediction is it?

[deepcolderwallet]

If a billionaire attempted a hostile takeover, the proof of work could be changed rather trivially.

This is a point! This is why I believe in Core. But how fast it could be done until we need a massive rollback Buterin's style?

It's going to cost a lot of money for such an attempt to take place.

Usually billionaries are very wary on where and how they spend their money, otherwise they wouldn't be billionaries in the first place. 

Actually you didn't answer my question. I don't care about what motivation would move a billionaire, just how fast the proof of work could be changed.

[JayJuanGee]

[edited out]

5% to going over 3k this weekend.

I was truthfully saying this to wind you up a bit. I only said it as I remember saying 5% last weekend to you.

Never mind, the moment has passed.

ah ha!!!

maybe your standard harassing answer could be to suggest everything that I suggest has less than a 5% chance of occurring?

And with the passage of time, either you will be labelled as overly pessimistic, or I will be labelled as incredible.. hahahaha

Back to my real opinion.....I can't back this up and it's only a feeling but I think a bit more up and a lot more down followed by more up then down but mainly sideways........AND THEN 3k mid July. That's not too crazy a prediction is it?

You could be right, and if you are then you are suggesting down and sideways before up, but not without some battleing.

I agree with the battling portion, especially because the trade volume seems to be continuing at a fairly decently high level - but I am a little more inclined for up and an earlier test of $3k, which may end up failing if we are not quite ready for going above it, yet, as you seem to be suggesting.

[sosasnois]

If we don't see any upside before june 28th and we break below 2650, I'm switching my sentiment to bearish

[marcus_of_augustus]

It looks to me like bitcoin price is being held down here however the mathematics of adoption waves are inexorable. They may be able to discourage some speculative activity and adoption by traders using simple price manipulation, FUD, pumping altcoins, etc but real world uses for bitcoin are multiplying as rapidly as ever, that's simply the network effect at work.

They can slow it but they cannot stop this train so sideways it is then until the brakes come off again. Looking forward to the future breakout action and the much needed base building here.

[N12]

Watch closely. This is how death begins.

[marcus_of_augustus]

Watch closely. This is how death begins.

...wearing your pink tafetta tutu drama-queen frock today blitzboom?

[Bitcoinaire]

Blitz calling another bear market, dang.

[nanobtc]

I don't post much, but been reading here/buying small amounts of BTC since Cyprus. Mark Marie Robert Karpelès owes me.

As mentioned, any or all m/billionaires are probably too smart to personally risk much to kill BTC.

The big moneylenders? Visa/MegaCorp/<fill in the blank>?  They would/should go deeply into debt to kill BTC, because it threatens their bread and butter. They should do this for a loss, to preserve the FatCats at the top of their food chain.

I also notice that this thread is the most literate and thought-provoking one, among many that are not. Any thread that starts with "Do you think that $$$ is {anything}"? Save the bandwidth, save your time.

Thanks to you all, for what you do.

IMHO, don't buy pizza. Hodl.

[Wekkel]

Watch closely. This is how death begins.

Not death but diversification of the ecosystem.

[suzanne5223]

I don't post much, but been reading here/buying small amounts of BTC since Cyprus. Mark Marie Robert Karpelès owes me.

As mentioned, any or all m/billionaires are probably too smart to personally risk much to kill BTC.

The big moneylenders? Visa/MegaCorp/<fill in the blank>?  They would/should go deeply into debt to kill BTC, because it threatens their bread and butter. They should do this for a loss, to preserve the FatCats at the top of their food chain.

I also notice that this thread is the most literate and thought-provoking one, among many that are not. Any thread that starts with "Do you think that $$$ is {anything}"? Save the bandwidth, save your time.

Thanks to you all, for what you do.

IMHO, don't buy pizza. Hodl.

Yes, in this kind of situation holding of bitcoin and not selling is the nice move. Therefore, no matter the threat bitcoin may cause the so call billionaires, is better for them to join the race and not going against it. Mind you, the price per bitcion now is a bit increase than last week.

[rjclarke2000]

If it gets too high in to the 2700s it gets slammed back down pretty fast.

Can we hold 2700 this weekend?

[halform]

Watch closely. This is how death begins.

Indeed
https://coin.dance/volume/localbitcoins

I'm sure you'd like that as you've been calling for it to dump for a week now and it appears you've sold a big position

[sosasnois]

https://media.giphy.com/media/vaG6cg6OhyY7u/giphy.gif

[pfrtlpfmpf]

ok, maintenance. i have my main stake at polo, earning my living (by lending), i know, bad choice, but still, it earns my living, for now, and i can´t lose anything. Guys do it.
Guys do it, do it, You can pull off your bitcoin anytime, just don´t miss it.
And no, i don´t work for Polo 

[miningnew]

but still, it earns my living, for now, and i can´t lose anything. Guys do it.

The problem is it seems like you realy believe this xD