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

[True Myth]

Prediction Game: I'm going with February 3rd, 2018.

[Imbatman]

March 8th 2018 on the 24,777 game, thanks!

[Ludwig Von]

Hoi Mic,

Smijt mij er maar in op 19 -1 ( indien al bezet, 20 )

Grts

L

[xhomerx10]

The altcoin market is starting to show a lot of red. This could mean that they are going to crash soon and the money is going to flow to BTC or that they are going to start crashing along side BTC.

Looking at the BTC chart we are stuck in a very well established down channel. I see roughly 4 hits on the support and 4 hits on the resistance. fingers cross we get a bounce off support at 14400, and then a break of resistance at roughly 16000.

One thing that has me concerned about this correction over the other ones this year is the speed. it seems to be a lot slower than the others, I hope this doesn't mean anything.

Well its a possibility but I think maybe a lot of new people coming into alts rather than btc as they see btc as too expensive which means that some not all of them will be thinking long term and ignoring the current price action.

I dont think someone which has just invested say in 5 NEO or whatever coin is going to think about selling because the price starts to drop as its not enough of an investment to warrant worrying about smallish price movements in the short term.

And I suspect there is a lot of people who have entered the scene but have invested less than a 1000 dollars into X-coin and so will not be thinking about selling anytime soon

Also a lot of alts are showing RED because they made significant gains in the past few days so are in a sideways action... Some of them forming bullish pennant flags although like I say in BTC anything can happen

FUCK - Egg on my face!!!

Total carnage!!!!

From now on do yourself a favour and ignore my analysis lol

 No worries.  Could have happened to the best of us. 

[podyx]

HOW are we still going down with no correction up??

[luckygenough56]

hold on onto your panties !!!

[york780]

Are we dead yet? CME futures whales want to load up cheap.

[milkshock100]

Will go down as one of the all time crashes

[fragout]

Time to send in the Guard! (waterloo). I hope Ver/Wu are happy. Their shitcoin is taking a bigger hit than anything else. What did they expect to happen? Destroy bitcoin and bcash would rise up to take the crown. Destroy bitcoin and you destroy all

[alexeft]

Time to send in the Guard! (waterloo). I hope Ver/Wu are happy. Their shitcoin is taking a bigger hit than anything else. What did they expect to happen? Destroy bitcoin and bcash would rise up to take the crown. Destroy bitcoin and you destroy all

 Honey badger at work!

[vv181]

It did land on the daily 50ma, but that's not the rebound we are looking for. Still, think it will go down more, we really need a good news to save the party.
If we can't hold here next test is 10,750.

[luckygenough56]

If not for Ver, it would have been another drama to fuel the drop anyway

[ImI]

Time to send in the Guard! (waterloo). I hope Ver/Wu are happy. Their shitcoin is taking a bigger hit than anything else. What did they expect to happen? Destroy bitcoin and bcash would rise up to take the crown. Destroy bitcoin and you destroy all

If a simple interview with CNBC can "destroy" Bitcoin then it was a failure from the start anyhow and should be seen as that.

The same is true if a simple hardfork can "destroy" Bitcoin. What kind of joke would that be "We have an open-soruce project here, it's fabulous. But as soon as someone forks and does is own version it destroys itself."

Lol, seriously.

[svdleer]

Goddamn. Are we still not done panic selling.

[Torque]

HOW are we still going down with no correction up??

[svdleer]

HOW are we still going down with no correction up??

Still people selling alootttttttt of coins.

[luckygenough56]

people are still x20 from 600 dollars

[alexeft]

If not for Ver, it would have been another drama to fuel the drop anyway

Yep! Market had become very thin anyhow.

[northypole]

Double bottom. Time for a rebound?

[hv_]

BCH is so boring technologically.

Who the hell wants the excitement in their life to be provided by their money? Certainly not me. Money should Just Plain Work.

Yeha, I m still exited about the bitcoin basics and its genius protocol. But thats done and why try to change the E=m*c^2?

Next is to get cool clients on top. But SW? Sorry!

Recentralization due to size has nothing to do with the original decentralization vision.

Nobody has defined what measure is enough here. Economics will find that optimum and yes there will be lots of volatility also in 'decentralization'. Deal with it.