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

[sirazimuth]

For anyone new that is in Bitcoin to get a lot of dollars take this sound advice:

When people are panicking...sell!

I hear there is big money in bonds or a reverse mortgage (easy money!)

ah yes .. sound advice indeed! ...

you're not selling bridges per chance are you? 

[phr33]

I am not really worried but actually annoyed ...

The 5000 USD was within reach and now we are going slowly down and even crashed through the 4000 USD mark I didn't think would happen.

Every time we slowly move up again apparently some whale dumps because we then get one big red candle. This is going on for weeks now.

Just zoom out on the chart. We'll get that 5k, and in time those 5k will look just silly low!

[ParabellumLite]

I am not really worried but actually annoyed ...

The 5000 USD was within reach and now we are going slowly down and even crashed through the 4000 USD mark I didn't think would happen.

Every time we slowly move up again apparently some whale dumps because we then get one big red candle. This is going on for weeks now.

What do you assume, that the price of asset X can just rise indefinitely?
At some point the top will be found, after which Bitcoin will go down again. You can claim that whales are responsible for it, but it won't help you if they and others are selling due to changing market sentiment. Though this drop is so it seems different than the previous ones, which were simply short term consolidation moves if not downright manipulation.

[Denker]

If people are panic selling because of what some guy at JP Morgan said....GOOD.

I hope they go long on the dollar and buy war bonds. Maybe run up some credit card debt and pay overdraft fees to their banks. Enjoy your inflationary (on purpose!) currency.

Dimon is not the issue here. It's all about china again!
Dimon is a dinosaur no one in the crypto space gives a damn about. His daughter seems much smarter by the way, as she is invested in BTC.
Charlie Lee crashed the market yesterday with his tweet and since the bears are shorting.

[ghandi]

So let's find out how strong $3800 is...

[empowering]

Yup - $3600-$3800  - lets see what ya got 

[sirazimuth]

the next 24 hours are critical!

(figured it was time for that one, haven't seen it in awhile...)

[El duderino_]

I am not really worried but actually annoyed ...

The 5000 USD was within reach and now we are going slowly down and even crashed through the 4000 USD mark I didn't think would happen.

Every time we slowly move up again apparently some whale dumps because we then get one big red candle. This is going on for weeks now.

What do you assume, that the price of asset X can just rise indefinitely?
At some point the top will be found, after which Bitcoin will go down again. You can claim that whales are responsible for it, but it won't help you if they and others are selling due to changing market sentiment. Though this drop is so it seems different than the previous ones, which were simply short term consolidation moves if not downright manipulation.

so let us just buy some whale coins and abide in this ride

[El duderino_]

the next 24 hours are critical!

(figured it was time for that one, haven't seen it in awhile...)

indeed

[hd060053]

Guys, you cant compare this price drop to the crash in 2014 when the price was artificially pumped and mtgox went down.

If you sell now, based on JPMorgan CEO FUD or china-ban (which happend ~20x already), I am just sorry for you, you didn't understand anything about the fundamentals of bitcoin, which have not changed.

[savetherainforest]

So When are we breaking ATH

In a few weeks probably. Or a week.

[BlindMayorBitcorn]

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.

So smug and so wrong. What a combo

[sirazimuth]

somebody wake up jimbo.... he needs to visit the bitcoin atm...

[Rumipl]

3800 $ seems to be holding. Time to go up again ?

[White sugar]

3800 $ seems to be holding. Time to go up again ?

Or a bulltrap, maybe

[El duderino_]

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.

So smug and so wrong. What a combo

So @ what are we Going to wake up

[bitcoinvest]

sorry to disappoint you but i see we will go more down for sure 100-200 $ more

[Meuh6879]

Well knowed limits ... ... and it's TOO RED to be real.

[undeadbitcoiner]

I am not really worried but actually annoyed ...

The 5000 USD was within reach and now we are going slowly down and even crashed through the 4000 USD mark I didn't think would happen.

Every time we slowly move up again apparently some whale dumps because we then get one big red candle. This is going on for weeks now.

That is price correction works, and we need price correction which will define Bitcoin lowest point for the time period, We can't just look for ATH we need Slopes so Bitcoin can come in a closing median price with low mark and ATH mark. I do believe Bitcoin is Never going to Touch $3500 again rest is up to all of us. For me $3500 is confirmed.

[ft73]

3800 $ seems to be holding. Time to go up again ?

Don't hold your breath.
From here it can eventually rebound to about 4000$, but that does not mean anything.