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

[vit05]

Summary:STRONG SELL
Moving Averages:SELLBuy
Technical Indicators:STRONG SELL

Classic   13104.0   
RSI(14)   38.571   Sell
Bull/Bear Power(13)   -379.7780   Sell

[luckygenough56]

week end pump to 17k  or not ?

[HairyMaclairy]

Summary:STRONG SELL
Moving Averages:SELLBuy
Technical Indicators:STRONG SELL

Classic   13104.0   
RSI(14)   38.571   Sell
Bull/Bear Power(13)   -379.7780   Sell

Yes sell in the middle of the greatest bull market Bitcoin has ever seen. Fabulous analysis.

[BlindMayorBitcorn]

I did however, do my crypto currency good deed for the day and talked a couple friends off cliffs today. They recently bought a ticket on this roller coaster and haven't seen this much red before.

You keep doing that you might not have any friends left. Just sayin'.

[BlindMayorBitcorn]

Sorry folks. This is hitting all my panic buttons. I can't help it.

I should go back into hiding. I think my nerves are shot.

[luckygenough56]

if we make a nice W here, there's hope

[MNDan]

Don't get too attached, kids - the volatility is half the fun of Bitcoin!

[404Revolution]

I did however, do my crypto currency good deed for the day and talked a couple friends off cliffs today. They recently bought a ticket on this roller coaster and haven't seen this much red before.

You keep doing that you might not have any friends left. Just sayin'.

Friend: I'm down 30% on my life's savings, I will never get back those years of my life, I'm never going to be young again. Should I cut my losses my dearest of friends?

No, hodl, keep your eyes on the mempool, only going up! Bitcoin has only ever gone up! Everyone wants BTC even if it drops to -70% just keep hodling and believe in the revolution! Just open a tab and wait until schnorr! Adam Back is the greatest of all time!   What's the WORST that could happen?

[bones261]

Well, Winter Solstice totally sucked this year. Time for me to hit the sack. Hope when I check my cell phone at about 6:00 am, things look a little better.

[flynn]

Isn't this great ? Cheap coins for Xmas !
 

[True Myth]

I did however, do my crypto currency good deed for the day and talked a couple friends off cliffs today. They recently bought a ticket on this roller coaster and haven't seen this much red before.

You keep doing that you might not have any friends left. Just sayin'.

Friend: I'm down 30% on my life's savings, I will never get back those years of my life, I'm never going to be young again. Should I cut my losses my dearest of friends?

No, hodl, keep your eyes on the mempool, only going up! Bitcoin has only ever gone up! Everyone wants BTC even if it drops to -70% just keep hodling and believe in the revolution! Just open a tab and wait until schnorr! Adam Back is the greatest of all time!   What's the WORST that could happen?

Hahaha I'm not a financial advisor. He had less than a week's paycheck worth in bitcoin. He said he has never seen bitcoin go down. I simply showed him charts.

I think helping and talking to new people entering crypto world is a good thing. How do you ever expect mass adoption to happen if everyone is misinformed and scared of Bitcoin. At least he knows what he is getting into now.

[TERA2]

Sorry folks. This is hitting all my panic buttons. I can't help it.

I should go back into hiding. I think my nerves are shot.

My psychiatrist asked if I was traumatized as a child and I said no but I lived through MtGox, and then everything clicked.

[jojo69]

hey guys, help me out here, I been heating the house mining ZEC with the old gear...is there a "reputable" exchange to get rid of them on?

where does WO go to slum with alts?

[CoinsCoinsEverywhere]

Any idea what is driving this selloff and volatility ?

Just Bitcoin being fickle ? Situation normal ?

More curious than seriously concerned.

Aside from the need for a serious correction after such a crazy run-up this year, I think at least part of it is the South Korean exchange Youbit filing for bankruptcy after being hacked by North Korea.

Edit: If you look at the daily charts, there were also some technical indicators pointing to a significant correction--namely price-MACD and price-volume divergences.  The beginning of November, when the Segwit2x fork was canceled, was the last time there was a price-MACD divergence.  Price dropped about 30-35% during that correction.

[404Revolution]

Any idea what is driving this selloff and volatility ?

Just Bitcoin being fickle ? Situation normal ?

More curious than seriously concerned.

Aside from the need for a serious correction after such a crazy run-up this year, I think at least part of it is the South Korean exchange Youbit filing for bankruptcy after being hacked by North Korea.

Ah yes, 2017, the year everyone suddenly became Cryptocurrency experts and true believers overnight after a tyrannical monarchial orwellian hyper militaristic state that murders their civilians for watching pornography used ransomware to steal millions of dollars from innocent people.

[RejectedBanana]

I really want to see one final total panic sell, all the way down to $10,000 in a matter of minutes, all out hysteria, just like the old days. Enough of this tortuous creeping down and half-assed attempts at recovery. This shit is barely showing up on the weekly candles. Just be done with it, so we can resume our journey out of the solar system as we hitch a ride with Voyager to the next one.

Even more than this, I really want to see BeeCrash explode on the launchpad and slam into the ground; for the love of God and all that is holy, I'm not a religious person by any means, but I'll become one if that's what it takes to please let it drop below $1000. Tonight. Please. Pray with me brethren. And if there might just be a whale-brother who might still be holding it, dump it like a load of bad spicy Mexican food, full eye-watering evacuation. Don't even bother flushing. Just leave it for the next guy to share in mutual disgust.

Amen.

[True Myth]

I really want to see one final total panic sell, all the way down to $10,000 in a matter of minutes, all out hysteria, just like the old days. Enough of this tortuous creeping down and half-assed attempts at recovery. This shit is barely showing up on the weekly candles. Just be done with it, so we can resume our journey out of the solar system as we hitch a ride with Voyager to the next one.

Even more than this, I really want to see BeeCrash explode on the launchpad and slam into the ground; for the love of God and all that is holy, I'm not a religious person by any means, but I'll become one if that's what it takes to please let it drop below $1000. Tonight. Please. Pray with me brethren. And if there might just be a whale-brother who might still be holding it, dump it like a load of bad spicy Mexican food, full eye-watering evacuation. Don't even bother flushing. Just leave it for the next guy to share in mutual disgust.

Amen.

*slow clap*

[CoinsCoinsEverywhere]

I really want to see one final total panic sell, all the way down to $10,000 in a matter of minutes, all out hysteria, just like the old days. Enough of this tortuous creeping down and half-assed attempts at recovery. This shit is barely showing up on the weekly candles. Just be done with it, so we can resume our journey out of the solar system as we hitch a ride with Voyager to the next one.

Even more than this, I really want to see BeeCrash explode on the launchpad and slam into the ground; for the love of God and all that is holy, I'm not a religious person by any means, but I'll become one if that's what it takes to please let it drop below $1000. Tonight. Please. Pray with me brethren. And if there might just be a whale-brother who might still be holding it, dump it like a load of bad spicy Mexican food, full eye-watering evacuation. Don't even bother flushing. Just leave it for the next guy to share in mutual disgust.

Amen.

I think you meant $10,000 the second time, too, right?  A drop below $1,000 tonight would take quite a miracle, but would be quite the buying opportunity.

[HairyMaclairy]

hey guys, help me out here, I been heating the house mining ZEC with the old gear...is there a "reputable" exchange to get rid of them on?

where does WO go to slum with alts?

Bittrex.

[RejectedBanana]

I really want to see one final total panic sell, all the way down to $10,000 in a matter of minutes, all out hysteria, just like the old days. Enough of this tortuous creeping down and half-assed attempts at recovery. This shit is barely showing up on the weekly candles. Just be done with it, so we can resume our journey out of the solar system as we hitch a ride with Voyager to the next one.

Even more than this, I really want to see BeeCrash explode on the launchpad and slam into the ground; for the love of God and all that is holy, I'm not a religious person by any means, but I'll become one if that's what it takes to please let it drop below $1000. Tonight. Please. Pray with me brethren. And if there might just be a whale-brother who might still be holding it, dump it like a load of bad spicy Mexican food, full eye-watering evacuation. Don't even bother flushing. Just leave it for the next guy to share in mutual disgust.

Amen.

I think you meant $10,000 the second time, too, right?  A drop below $1,000 tonight would take quite a miracle, but would be quite the buying opportunity.

No. I meant $1000. BCH. Not to buy. To Die.