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

[becoin]

Completely WRONG! Bitcoin price is driven not by technicals but by fundamentals!
To trade bitcoin using TA during fundamental uptrend is totally unprofessional!

On every price dip clever people are buying while silly people and weak hands are selling. Nothing new under the Bitcoin Sun.

[toknormal]

Completely WRONG! Bitcoin price is driven not by technicals but by fundamentals!
To trade bitcoin using TA during fundamental uptrend is totally unprofessional!

Completely wrong.

Where were you during the backside of the last big "China" spike in 2013 when it peaked out at $1200 ?

It had every bullish fundamental going for it - from Overstock adoption to new exchanges, to worldwide media attention to new associated fintech innovations, not to mention a ton of new wallet developers arriving on the scene.

All of that was NADA compared to the technical correction that ensued. Once the bear market kicks in, no amount of fundamentals can prevent it from running its course. A long term bearish crossover to a trader is a tidal reversal that no ship overcomes. During a major bullrun all "fundamentals" for at least the next 12 months get priced in anyway. It's when they arrive for real that the profit take starts.

[fragout]

Completely WRONG! Bitcoin price is driven not by technicals but by fundamentals!
To trade bitcoin using TA during fundamental uptrend is totally unprofessional!

Completely wrong.

Where were you during the backside of the last big "China" spike in 2013 when it peaked out at $1200 ?

It had every bullish fundamental going for it - from Overstock adoption to new exchanges, to worldwide media attention to new associated fintech innovations, not to mention a ton of new wallet developers arriving on the scene.

All of that was NADA compared to the technical correction that ensued. Once the bear market kicks in, no amount of fundamentals can prevent it from running its course. A bearish crossover to a trader is a tidal reversal that no ship overcomes.

MT Gox had noting to do with that crash no

[toknormal]

MT Gox had noting to do with that crash no

MT Gox gets far more credit that it deserves for that bear market. It was a technical consolidation, plain and simple because nothing does that many multiples of gain without a corresponding consolidation.

Look back in history at previous spikes - you'll see exactly the same thing.

If it retests $1850 at least once more you can start feeling bullish again. Even an 80% retrace wouldn't be unreasonable if this is the top which means that we're looking at around $900 for the retest before further long term growth.

[ParabellumLite]

MT Gox had noting to do with that crash no

MT Gox gets far more credit that it deserves for that bear market. It was a technical consolidation, plain and simple because nothing does that many multiples of gain without a corresponding consolidation.

Look back in history at previous spikes - you'll see exactly the same thing.

If it retests $1850 at least once more you can start feeling bullish again. Even an 80% retrace wouldn't be unreasonable if this is the top which means that we're looking at around $900 for the retest before further long term growth.

Indeed. I was here around late 2013, early 2014, watching the situation develop. The parallelles between then and now are offsetting, including the rampant permabull behavior among users here. Again, just like back then, most people won't even see the major correction coming.

There are even plenty of older members here that claim Bitcoin is not in a bubble. For god sake people, it is! Bitcoin started to bubble as soon as the ICO thing got out of hand, whereas BTC was the entry coin to that circus. The same trouble around BTC applies as in late 2013, early 2014: still, nearly no one is using it. People love to refer to Japan, but there are a handful of nodes running there, that's it.

 Maybe the bubble pops today, maybe a month or year from now, but probably from this day onwards in my view.  People underestimate the regulatory aspect here continuously: China apparantly will ban free trade of BTC, but don't think that China could be the only nation to do so. Any asset that makes money laundering and financing of criminal activities easier and more difficult to trace, is the enemy of nation states. Whenever BTC grows too big, governments will simply start taking out the hubs where you can exchange it or use it to buy other goods.

[becoin]

Where were you during the backside of the last big "China" spike in 2013 when it peaked out at $1200 ?

So, uptrend isn't a straight line, right?

We had $5k now we have $4k. Healthy correction took place and soon we'll break $5k for new ATH. Big money just start entering Bitcoin and won't stop in the next couple of years!

[El duderino_]

Interesting topic - but I wait until the BTC goes below $ 3k

That will not happen.

Even this what we have now it is too much. It would be suicide for those that sell. They would almost give their coins for free!

why suicide? If anyone ever bought $ 100 for btc? It's still a beautiful profit for him

I started buying when it was under 200$ and kept buying! ... If you stay and think about it, many idiots like me that keep buying and holding will create a monumental clusterf^ck! And the price will be forced to go to heights that your head would just spin. Small countries will be sold and bought with just a few bitcoins in the future.


*edit(0): Future == 20+ years or more.  (even if I think better stuff than bitcoin will come up)

So i Will owning country's in the future

[Romanknickl]

Where were you during the backside of the last big "China" spike in 2013 when it peaked out at $1200 ?

So, uptrend isn't a straight line, right?

We had $5k now we have $4k. Healthy correction took place and soon we'll break $5k for new ATH. Big money just start entering Bitcoin and won't stop in the next couple of years!

I agree! 4k USD is theis BTC bottom!

It's the best time to buy now!
The red 1 day chart is finished very soon, and the next wave UP will be huge !
best wishes

[toknormal]

Healthy correction took place

No it didn't. A "dip" took place.

A "healthy correction would be a retest of one of the major support lines created during revaluation period. I'm not necessarily saying that we've reached the top yet - there may well be more to come but the reversal will occur at some point and then we'll enter a long term consolidation period where the higher it rose the further it will retrace. 80% being not unreasonable given the  rise that's been.

Just sayin. Don't think "fundamentals" are going to save it because they're being priced in now.

[becoin]

Healthy correction took place

No it didn't. A "dip" took place.

I understand the wet dream of every TA fan that sold their bitcoins sub $3k to have that level revisited but...  keep on dreaming! You'll wake up when we break $10k by the end of this year.

[ParabellumLite]

Healthy correction took place

No it didn't. A "dip" took place.

I understand the wet dream of every TA fan that sold their bitcoins sub $3k to have that level revisited but...  keep on dreaming! You'll wake up when we break $10k by the end of this year.

How could you possibly know this for sure? What kind of crystal ball do you have that tells you this?
You'd do wise to keep an open mind, instead of making a mockery out of yourself by excluding the possibility something else happens.

[toknormal]

I understand the wet dream of every TA fan that sold their bitcoins sub $3k to have that level revisited but...  keep on dreaming! You'll wake up when we break $10k by the end of this year.

If we do - and that's the top - it will be followed by a retrace to $2000.

Cliff High says $13888 by next spring. So that could mean either:

 • $20k+ with retrace to $13 or
 • $13k with retrace to $3k next summer

We need that 80% retrace for the price to get baked in. Don't worry. The alts - in particular Dash - will take up the slack when it happens.

[El duderino_]

Where were you during the backside of the last big "China" spike in 2013 when it peaked out at $1200 ?

So, uptrend isn't a straight line, right?

We had $5k now we have $4k. Healthy correction took place and soon we'll break $5k for new ATH. Big money just start entering Bitcoin and won't stop in the next couple of years!

I agree! 4k USD is theis BTC bottom!

It's the best time to buy now!
The red 1 day chart is finished very soon, and the next wave UP will be huge !
best wishes

Yes healthy correction took place , So price go up price go down.... up ... down... but als the dude lebowski says that rug really Tied the room together So let us all stay in This btc show and abide whatever

[york780]

Nice bull denial here.

[El duderino_]

Nice bull denial here.

All bull thinking in here my friend

[|Admiral|]

Nice bull denial here.

All bull thinking in here my friend

seems like we gonna hit 3800$ , all bulls turned bear If BTC shows resistance above 3800$ then i can see a comeback..but it is very much difficult. BTW very less fluctuation in LTC.

[Cerbera]

So this is where the Legendaries and Heros hang out. It fells like walking into a bikers bar for the first time. Some interesting conversations tho.

Leave your bitcoin's on the bar & get out Newbie.



JOKING

Seriously you can learn a lot from some people in this thread, are some trolls here too though.

Ha Ha, Great welcome! I'm sure there are heaps of things that I've never heard of (or even thought about) in all these 17768 pages of posts.

[El duderino_]

This is the bottom. Please all re-buy now so i can exit my leverage long without loss. Thanks!

i think is not the bottom but i hope you are right

YEAH , WELL
you know
THAT'S JUST
like
YOUR
OPINION
man

[becoin]

I understand the wet dream of every TA fan that sold their bitcoins sub $3k to have that level revisited but...  keep on dreaming! You'll wake up when we break $10k by the end of this year.

If we do - and that's the top - it will be followed by a retrace to $2000.

Cliff High says $13888 by next spring. So that could mean either:

 • $20k+ with retrace to $13 or
 • $13k with retrace to $3k next summer

We need that 80% retrace for the price to get baked in. Don't worry. The alts - in particular Dash - will take up the slack when it happens.

haha... so, you sold your bitcoins at $2k to buy dash. Oh, boy...

[toknormal]

haha... so, you sold your bitcoins at $2k to buy dash. Oh, boy...

No. I've steadily accumulated BTC for 3 years and never (net) sold any of them. But I've used Dash as a hedge since it's a better store of value than bitcoin and can act as a successful counterweight in bitcoin bear markets.