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

[empowering]

Bithumb? 

Explain?

https://coinmarketcap.com/currencies/bitcoin/#markets

Where have they come from with this volume- have I just
missed them somehow?

Also price is over $4400 there

People in South Korea are buying BTC like there is no tomorrow...  and it could be true!

For sure ... I just do not recall seeing them as volume leaders before 😁 ...and the $4459 price tag..

I knew they were keen in S Korea but yeah that's some enthusiasm

[fabiorem]

Nicola Duke thinks that if the $4400 level is taken out next stop is $7000. I agree. If you take a look at bitcoin's previous ATH it was halfway between a 4.236 and 6.854 Fibonacci extension of the ATH that preceded it. If you look at the Fibonacci extensions in play now $4400 is important resistance and if taken out $7000 is certainly possible. I have never seen a 6.854 extension in bitcoin take note though. masterluc has mentioned even higher targets that you can see in this Fibonacci extension chart:



These higher targets are low probability though. There is a distinct possibility that the current bitcoin rally can run out of steam between $4400 and $7000 and we would then enter a multi-year bear market. You really want to be mostly out of bitcoin before the next bear market which will be painful. Start taking some profits now. However, there is also a rule to live by: never sell all your bitcoin.

$4448 now. The chart shows $4433.

Was the resistance broken? Is this the new floor? Top at $7079 now?

[jojo69]

almost there

[bitserve]

Where is r0ach btw?

scurried back under the fridge

Oh. I hope he will be back when 1BTC reaches parity with 1KG Gold bar so he can sell us some.

[JimboToronto]

Cool. Just back from the ballpark. Both my teams won.

Jays 2-1 over the Rays. Bitcoin ATH $4394USD (Bitcoinaverage).

[empowering]

Finex is knocking on $4400 

[Dotto]

Resistance is futile

[deepcolderwallet]

I not selling my ALTS
I not selling my ALTS
I not selling my ALTS
I not selling my ALTS
I not selling my ALTS

Should I sell my ALTS??  

Answer is No. This bull race won't keep up forever, and once it cools down alts may valorize. At least this has been the market dynamics so far.

Yup, I won't sell my alts either. At the very least they are a hedge against any Bitcoin issue. Anyway my alts are now like less than 15% of my portfolio.

I've been even mining ETC at loss, and of course keeping it, naively waiting for it increase value and exchange for BTC.

ETC is the third in total value in my portfolio (LTC second). I won't be selling it anytime soon, just in case. PLus I never, ever sell at the bottom.... even if the bottom could go lower.

Same situation here.
1- BTC + BCH (1/2 because I was very fortunate to convert half my altcash for BTC @ 0.3)
2- LTC
3-ETC
4- A mix of various craps I mined for some months until realise only ETC was a GPU-mineable alt that could survive any longer...

[empowering]

Finex $4410 lol

[deepcolderwallet]

235 BTC Wall spotted @$4400.00 on Bitstamp.

[bitserve]

Finally! An interesting fucking wall to observe!

around 300 BTC at Bitstamp to break 4400

[MinermanNC]

Did someone say 5000?   

[Dotto]

4400 exact in bitstamp. A lot of people is reading this thread

[MinermanNC]

In less than 3 days or so we have gone up around $800.00 we need 600.00 more in 3 days to hit 5k lol I see no reason for it to stop now... a bit optimistic here 

[deepcolderwallet]

All Crypto Market Cap.: $141.005.766.671
BTC Market Cap.........: $73.090.413.146
BTC Dominance.........:  51.8%

[fabiorem]

https://www.tradingview.com/symbols/BTCUSD/

Lots of people saying in the site above that there will be a correction between 15 and 18 August. Floor would be around 3600-3800, but now it broken resistance at 4433.

[bitserve]

The main wall was moved to 4370 and has been eaten fully.

Second wall also lowered to 4370. Being eaten....

[eXpl0sive]

All Crypto Market Cap.: $141.005.766.671
BTC Market Cap.........: $73.090.413.146
BTC Dominance.........:  51.8%

Bitcoin did a 51% attack on alts.

[MinermanNC]

All Crypto Market Cap.: $141.005.766.671
BTC Market Cap.........: $73.090.413.146
BTC Dominance.........:  51.8%

Can you get this stat from a week ago. Would be interesting to see the BTC Cap %, then.

Alts are falling flat from a week ago, naturally lol

[deepcolderwallet]

The main wall was moved to 4370 and has been eaten fully.

Second wall also lowered to 4370. Being eaten....

Second wall fully eaten, Stamp recovering...