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

[ssmc2]

Once we really start going parabolic, honey badger won't give a shit about TA

[windjc]

From Bitcoin Trading Signals site. Enky thinks max target this week is $9800.

that would put us out of the log channel, the pitchfork you drew before

not saying a parabolic-er breakout isn't possible here, but I would expect pretty vigorous profit taking at the upper bound of the channel that has been established for over a year

Enky takes a different TA approach using standard deviations. It is unlikely that price will reach the +3 deviation line at $9846 without a pullback first. The upper trend line of the Andrews pitchfork I am following is right at $9100 now. You can also do a Fibonacci extension prediction from the last swing high to swing low:



The Fibonacci projection is $9300. All three TA approaches suggest we are due for a correction, and the closer price gets to $9000 the higher the probability. TA is a tool to help traders set profit targets not infallible of couse. When the correction occurs I expect price to dip to between $5K and $6.3K.

I love TA as much as anybody (or as much as most). But sometimes, SOMETIMES, you have to step back and look through the lens of COMMON SENSE.

Since almost everyone wants to be the first to predict a correction, so they can "buy back cheaper" we have to just look at where we are at price rise. A correction is not coming around 9k. Common sense says a correction will come around 9600-9999.  10k is a psychological resistance point and it will be traded as such.

Anybody looking for a major correction before the mid/high 9ks is too buried in their own TA to think rationally.

[Ludwig Von]

Here I am, back from my walk, all refreshed and relaxed, and as I hit [F5] on the WO page, I snap! Right there! At that very moment! Tears well up in my eyes, and I feel a tingling sensation throughout my entire body... Almost, but not quite, like a full throbbing erection. Even before the post-refresh electrons from the screen hit my retina, I come to the most profound realisation, one that would haunt us all for the rest of our physical and spiritual lives:

Fresh air gave you the deeper insight... . (Be carefull with that erection under a desk, do not impulsively jump up to shout eureka, it might hurt)... .

Roach exagerates, but always has some valid points under the fire and brimstone layers.

[windjc]

Well well well. I see the blocksize/scaling gridlock is STILL ongoing. Dash is now running 2MB blocks. needless to say, I'm rotating out of cripplecoin into the crypto more faithful to Satoshi's vision. Thanks for buying all those coins I bought for $12, suckers. I literally have so many hundred dollar bills in my pocket that I don't know how many there are.  

Look what the cat drug in!!!!    

I would say that technically all cryptocurrency holders are dumb money:

More like house money. I already cashed out more than 20X my buy in, so any additional profits from here are just gravy. I can't possibly loose.

Yeah.. great job.  You got yourself $3,100 plus some $20s that you don't want to count.  You made a "killing."

That's just literally my pocket money. You know, just in case I wanna fly to Europe without going to the bank first.

And yet you're still here. On a forum where you only have pocket money invested in?? Do you also go to chuck e cheese and troll others how it's all a sham?

If it doesn't scale, it's for sale. It's all about market share. Dash is gaining because it scales. BTC is losing ground because it doesn't.

If you think Dash scales without becoming centralized, you're nuts.

It does. basically the nodes become miners and vice versa, kind of like the way the bitcoin client worked when I first got started, only with much beefier hardware.

https://medium.com/@eduffield222/how-to-enabling-on-chain-scaling-2ffab5997f8b

It's not possible to create a decentralized digital currency.  They're all either centralized from day one, or designed to centralize over time.  This means they're all completely pointless and have no fundamentals behind them.  The only thing that will survive in the end out of this space are federated chains run by corporations and govt designed to enslave you, which is why I'm now anti-blockchain and only promote physical metals as money.  Bitcoin is a step backwards from physical metals such as gold and silver in every aspect.  Metals have actual fundamentals, cryptocurrency doesn't.

No one is listening to you or cares what you say.

[AlcoHoDL]

What's happening with the BTG price? I sold a good chunk of it earlier when it pumped, but now Coinomi shows a price of 5.22 €/coin. Must be a Coinomi glitch... CMC shows a small dip only.

[itod]

Some people blindly follow this clown's advice, and then get angry at bitcoin:

https://twitter.com/WolfOfPoloniex/status/933709903109255168

Ouch, buthurt must be strong.

[HairyMaclairy]

I give up on a weekend dip.  Have gone 100% long in preparation for Monday.

[sirazimuth]

Roach exagerates, but always has some valid points under the fire and brimstone layers.

Yeah, but after he's repeated them ten billion times, it gets a bit tired...

[Ludwig Von]

Roach exagerates, but always has some valid points under the fire and brimstone layers.

Yeah, but after he's repeated them ten billion times, it gets a bit tired...

Agreed. But it more makes me smile than tired. (And admit, we would miss him)... .

[Mythase]

The current market cap is insane. BTG just inserted billions out of thin air.
When will these shit fork coins crash?

[yefi]

Once we really start going parabolic, honey badger won't give a shit about TA

I'm thinking it'll go super-exponential too. Maybe $26,600?

This rally really does remind me of the one from $2. Back then $100 seemed like the ultimate barrier, but it proved as resistance for all but a day.

[Meuh6879]

Now, what the fork is Super Bitcoin?

[Meuh6879]

Wtf is with kraken No answer about bitcoin gold

Like always, shitcoins must wait 1 month before integration (on Kraken) ... and if it's a relevant "market".

[sirazimuth]

Once we really start going parabolic, honey badger won't give a shit about TA

cue the obligatory honey badger link
because... well it's just so frakking awesome!

[DonQuijote]

Wtf is with kraken No answer about bitcoin gold

Now is bitcoin gold on coinmarket with a high valeu

So Anyone Any idea's ?

Poloniex said something?

[savetherainforest]

Well well well. I see the blocksize/scaling gridlock is STILL ongoing. Dash is now running 2MB blocks. needless to say, I'm rotating out of cripplecoin into the crypto more faithful to Satoshi's vision. Thanks for buying all those coins I bought for $12, suckers. I literally have so many hundred dollar bills in my pocket that I don't know how many there are.  

Look what the cat drug in!!!!    

I would say that technically all cryptocurrency holders are dumb money:

More like house money. I already cashed out more than 20X my buy in, so any additional profits from here are just gravy. I can't possibly loose.

Yeah.. great job.  You got yourself $3,100 plus some $20s that you don't want to count.  You made a "killing."

That's just literally my pocket money. You know, just in case I wanna fly to Europe without going to the bank first.

And yet you're still here. On a forum where you only have pocket money invested in?? Do you also go to chuck e cheese and troll others how it's all a sham?

If it doesn't scale, it's for sale. It's all about market share. Dash is gaining because it scales. BTC is losing ground because it doesn't.

If you think Dash scales without becoming centralized, you're nuts.

It does. basically the nodes become miners and vice versa, kind of like the way the bitcoin client worked when I first got started, only with much beefier hardware.

https://medium.com/@eduffield222/how-to-enabling-on-chain-scaling-2ffab5997f8b

It's not possible to create a decentralized digital currency.  They're all either centralized from day one, or designed to centralize over time.  This means they're all completely pointless and have no fundamentals behind them.  The only thing that will survive in the end out of this space are federated chains run by corporations and govt designed to enslave you, which is why I'm now anti-blockchain and only promote physical metals as money.  Bitcoin is a step backwards from physical metals such as gold and silver in every aspect.  Metals have actual fundamentals, cryptocurrency doesn't.

In what world does someone impersonate r0ach?? ... ... WTF? .. Did the Nazis won WW2 or wtf??

[JayJuanGee]

F*}+k me.  

Bithumb at $8635.  Bitfinex is only playing arbitrage with Korea.

Careful guys looks like China has decided to pump Bitcoin today instead of BCH.  

No ...

This is all about the poll... Someone from this thread wants to pump this shit to above $8500 for the end of the month in order to be "right" for the poll.

It is all a conspiracy.. there is no real BTC price dynamics here, beyond conspiracy and manipulation, right Torque?

Torque is a troll... And needs a matrix chill pill  

Bitcoin 10k$

What the fuck is wrong with you Hyperjacked?  

Did some bull knock you over the head with a Casascius coin, and take over your bitcoin talk account?  

You are supposed to be a corporate shill bear, don't you even remember your own role in this bitcoin saga?

You need to go back to making your dumb-ass bear predictions, in order that bitcoin prices can continue to rise to $10k and beyond.  

Never a bear just not a permabull like some of the shills around here...

Come on jay ... Get real I have been buying the dips since 2012! 

Your so predictable... Maybe some day you will apologize for your rude comments but I don't think so.

Disclaimer: never was a paid shill

There is little that is rude about my comment, except perhaps your sensitivities and acting as if you are reading the matter in some kind of personal way, when it need not be. 

Seems to me that you should consider my memory of your previous position(s) as a kind of compliment (to the extent that you are the same person behind the user name, right?), especially if there is a bit of a joke and exaggeration in my comment that should be appreciated, no?

[HairyMaclairy]

Once we really start going parabolic, honey badger won't give a shit about TA

I'm thinking it'll go super-exponential too. Maybe $26,600?

This rally really does remind me of the one from $2. Back then $100 seemed like the ultimate barrier, but it proved as resistance for all but a day.

$2 to $1135 is the same as $200 to $113,500. 

[JayJuanGee]

Sure, Bitfinex had several opportunities already to employ an exchange exit scam -

For all we know, they have already executed two partial exit scams.

If you want to ground your views of the world on conspiracy theories, then sure that is possible.

I've seen enough exit scams. I know the way this story usually ends. 'Trust but verify' doesn't work, unless you actually get around to the verification part. How's that audit looking?

You don't know shit.... You are merely, guessing, assuming, speculating and also coming to too strong of a conclusion that there is a scam going on based on pretty skimpy evidence, even if you are proclaiming to have some kind of "gut feeling"

You're right. I don't know shit about Bitfiniex's situation. Which is why I don't trust them with my money.

'Trust but verify' doesn't work, unless you actually get around to the verification part. How's that audit looking?

Yeah, keep repeating your tagline, which is your last sentence to suggest that there is only one way in which the free market works....

Sure, we can have audits, and sure that would be helpful, but in the end, we have numerous people making choices to use the bitfinex service - and USA individual folks have been excluded from such choice by Bitfinex's own business decisions.  Bitfinex also likely bans other kinds of accounts or does not verify every Tom, Dick or Harry that walks in the door - yet, they seem to continue to have enough of these Tom, Dicks and Harries to keep their business going - and maybe you could be correct, that some day they will do an exit scam.. perhaps... so keep whining about it, and try to scare people away from using their service.. maybe some people will believe and surely others will not, and perhaps, Bitfinex will chose, at some point, to change some of it's offerings or to improve its credibility through an audit or some other method that they choose, instead of an audit...

We are still in a kind of bitcoin wild, wild west, to some degree, which is both good and bad, but it is our current environment - and they don't have to do an audit, as you seem to be whining your preference as if it should be some kind of rule.

[Torque]

I'm gonna LMAO if BTG over takes BCH on the charts.

We should help make that happen. In fact I'm urging all Bitcoiners who currently own BCH to trade it for moar BTG, just for the lulz.

I mean hey they're both shitty forks, but lets kill off the shittier one. Lol.