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

[Auxi]

i was scared when i saw the btc price going down today. then i checked this:

https://www.coingecko.com/de

all crypto is going down. this turbulence will drag btc with it, but only due to some weak hands panicking.

so nothing to worry.

bitcoin will keep rising.

Well whenever bitcoin's value decreases, the alts get a decrease too, and that's what happening right now.

Currently, according to Poloniex:

Bitcoin now stands at $2400 while ETH at $250. Pretty nice decreases.

Poloniex use USDT, it isnt USD, the price there is always lower

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[Torque]

i was scared when i saw the btc price going down today. then i checked this:

https://www.coingecko.com/de

all crypto is going down. this turbulence will drag btc with it, but only due to some weak hands panicking.

so nothing to worry.

bitcoin will keep rising.

Well whenever bitcoin's value decreases, the alts get a decrease too, and that's what happening right now.

As some alts trade back into btc, the alts will fall faster and bitcoin will have a more soft descent. Bitcoin's dominance % should rise some.

But whale traders will mostly trade btc back to fiat ( because they're smucks, lol). Look at the total crypto market cap. The whole sector is down. About $15B has been wiped off the top already.

[BlackFlag]

[DaRude]

sacrificial lamb is needed to feed the wolves ~ or bitcoin will freefall ===> bittrex why you do us dirty? :\  meh

 

Oh i can't wait for this  oh noes BTC crashed to $2k = BTC is dead 

[bitserve]

The FUD is strong with this one.

[Icygreen]

And coinbase down. haha

[Torque]

Keep an eye on the total crypto market cap.

If we break below the $97B cap and stay there for a while, the total crypto market downtrend will be confirmed.

At that point I think alts will start trading back into btc on every btc dip.

We hit $96B. Stay frosty my friends.

[European Central Bank]

Keep an eye on the total crypto market cap.

If we break below the $97B cap and stay there for a while, the total crypto market downtrend will be confirmed.

At that point I think alts will start trading back into btc on every btc dip.

We hit $96B. Stay frosty my friends.

they'll be going straight for dollars. altcoin pumpers don't care about bitcoin. if they get dollars through bitcoin then that's a negative and it's probably the main route.

[DieJohnny]

https://www.tradingview.com/chart/BTCUSD/YRZvdurN-The-target-of-current-bubble-lays-between-40k-and-110k/



Those of you who know MasterLuc, he has been accurate in the past. Here is his prediction. If this is true then no need to panic.


I don't believe a lot of predictions but for some reason I am drawn to his posts and opinions.

This graph has the beauty of the classical masterpieces. If masterluc were an architech this would be an gothic cathedral. I share his vision too.

I feel it's a little high in a short timeframe but then again...who the hell am I? I'll just enjoy it and keep on with my life.

I would consider three possible tops.

1) $4k to $6k

2) $9k to $12k

and

3) $15k to $20k



I cannot see going higher than $20k at the absolute highest in this particular run, but $4k to $6k would be more realistic, but if scaling does get unambiguously resolved then the more bullish scenarios become more likely.

Randomly decided that 6-8k and 12-15k is not likely, strange. What i care about is what the bottom of this correction will be. I think it drops below 2k for a short while. You might see some bitcoin traded at 1500 before this correction is done.

[becoin]

I think it drops below 2k for a short while. You might see some bitcoin traded at 1500 before this correction is done.

You've sold your bitcoins at 1500? I feel sorry for your loss.
 

[becoin]

altcoin pumpers don't care about bitcoin.

Wrong.
Most of alt pumpers are bitcoin seller anticipating correction that never happened.

[SaintFlow]

I think it drops below 2k for a short while. You might see some bitcoin traded at 1500 before this correction is done.

You've sold your bitcoins at 1500? I feel sorry for your loss.
 

I really do not hope that it will not go that deep. I shure smell some denial though.

IF you need a strong chart indicator take a look at the "Williams Alligator" forming
in the 6h graph.

Here have an excerpt from tomorrows newspaper:

27.06.2017



Two cryptoinvestors died in a routine trade on tuesday on kraken.com after their marcet situation turned out to be a bear, authorities said.
The accident took place with a denial trading sentiment. Both were highly experienced and had never had a bear deploy from their parachute pack before.

Local police said that the moment the trade was pulled, a bear released. “We don’t know how long it had been in there, or how it survived,” one officer on the scene said.
“But it was very hungry. It began eating the bitcoin investors mid-plummet.”
 
“The cause of death was being eaten by a bear. They never even reached the ground,”

[Torque]

^^^^
Now that is some funny shit. I about spit my coffee. 

[JayJuanGee]

Keep an eye on the total crypto market cap.

If we break below the $97B cap and stay there for a while, the total crypto market downtrend will be confirmed.

At that point I think alts will start trading back into btc on every btc dip.

We hit $96B. Stay frosty my friends.

they'll be going straight for dollars. altcoin pumpers don't care about bitcoin. if they get dollars through bitcoin then that's a negative and it's probably the main route.

But some of the ETH and ICOs have periods in which the coins are locked in, so they cannot even sell if they wanted to.  I don't know if that is bearish or bullish for the ETH and ICOs..   but in the short term that money is not flowing into dollars, BTC or ETH...

[r0ach]

[Torque]

But some of the ETH and ICOs have periods in which the coins are locked in, so they cannot even sell if they wanted to.  I don't know if that is bearish or bullish for the ETH and ICOs..

If true then I would say bearish. That makes the float even thinner. Shorts can just keep hammering the crap out of ETH. Those ICOs will watch their funds dwindle to nothing.

IMHO this was the alt pumpers plan all along...

[becoin]

I think it drops below 2k for a short while. You might see some bitcoin traded at 1500 before this correction is done.

You've sold your bitcoins at 1500? I feel sorry for your loss.
 

I really do not hope that it will not go that deep. I shure smell some denial though.

IF you need a strong chart indicator take a look at the "Williams Alligator" forming
in the 6h graph.

I don't need charts. They are for noobs to stare at them and get self hypnotized when they can't handle the truth.

[Ziploc]

That is why i dont suggest anyone bitcoin as a long term Investment.

PS:Let only me Speculate...

[JayJuanGee]

https://www.tradingview.com/chart/BTCUSD/YRZvdurN-The-target-of-current-bubble-lays-between-40k-and-110k/



Those of you who know MasterLuc, he has been accurate in the past. Here is his prediction. If this is true then no need to panic.


I don't believe a lot of predictions but for some reason I am drawn to his posts and opinions.

This graph has the beauty of the classical masterpieces. If masterluc were an architech this would be an gothic cathedral. I share his vision too.

I feel it's a little high in a short timeframe but then again...who the hell am I? I'll just enjoy it and keep on with my life.

I would consider three possible tops.

1) $4k to $6k

2) $9k to $12k

and

3) $15k to $20k



I cannot see going higher than $20k at the absolute highest in this particular run, but $4k to $6k would be more realistic, but if scaling does get unambiguously resolved then the more bullish scenarios become more likely.

Randomly decided that 6-8k and 12-15k is not likely, strange. What i care about is what the bottom of this correction will be. I think it drops below 2k for a short while. You might see some bitcoin traded at 1500 before this correction is done.

Yes, of course, we have upside and we have downside potential, and surely the downside seems to be some of the more immediate concern, but surely the downside does not look as bad and dire as it did a week ago...

You could be correct that $1500 is possible, but it seems like it is going to take quite a bit of effort to get that low, so if you do not have coins, you should be taking advantage of this dip/correction which may not go as far as some of you bitcoin naysayers would like. 

 

[SaintFlow]

I don't need charts. They are for noobs to stare at them and get self hypnotized when they can't handle the truth.

Charts sure have this tendency and whales make their own market. Can you elaborate a bit on ... "truth"?