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

[ChartBuddy]

[ChartBuddy]

[fr33d0miz3r]

btc going to $180 by next week. Mark my words 100x

OMG! The $180 prediction is here again! SELL SELL SELL!!!

Bears/idiots:

So, to be an idiot is more profitable. Okay  

How do you profit by being a bear and thinking all buy walls are fake? Just wondering.

I'm just trolling you. I'm a bull

[Tzupy]

The ask sum / bid sum ratio tells me that we should drop to 101 - 102 soon, if no whale buy occurs.
If we have one or more whale buys, the price will climb to 107 - 108 and then slowly drop.

[adamstgBit]

[derpinheimer]

The ask sum / bid sum ratio tells me that we should drop to 101 - 102 soon, if no whale buy occurs.
If we have one or more whale buys, the price will climb to 107 - 108 and then slowly drop.

How does it tell you that? Bids and asks available on the orderbook are still quite bullish, compared to June/July. Regardless, its never a very useful tool as it doesnt show what isnt visible on the orderbook [most isnt..] and it can change very quickly.

[ChartBuddy]

[Frozenlock]

For the bulls:

It's a longshot, but we might be in the mother of all head and shoulders:

The plot thickens...  

[derpinheimer]

For the bulls:

It's a longshot, but we might be in the mother of all head and shoulders:

The plot thickens...  

Very nice prediction [so far at least]

Conrgrats

Lets hope you trusted your prediction enough to put your money on it?

[ChartBuddy]

[ChartBuddy]

[Ares]

For the bulls:

It's a longshot, but we might be in the mother of all head and shoulders:

The plot thickens...  

Very good spot! Strong resemblance

[solex]

Ahhh, soothing music to my bullish ears, don't stop..

[vokain]

I'll just leave this here:

It is worth noting (even though I have been in and out of BTC lately):

At some point in the next year or a bit later, maybe even in a few months, you are going to see one of Spain, Portugal, Italy, etc. go under (Banking system or a large part there of).
When that happens (or as we approach it and it is obvious to some), you are going to see the BTC price explode. Absolutely explode. Your reaction will be like swimming in the ocean and
seeing a 21ft Great White Shark nearby, but just far enough away for you to maybe make it. It will shock you and you will remember it forever. It will be a bubble though and it will correct, unless we have a wider systematic collapse. But, it will not correct fully down as many of the 12 million or so coins out there will be in strong hands. It will probably be an extrapolation of what we have already seen.

So, we are all playing a game. Yeah, we don't want to get caught in BTC if it corrects again hard down. But we all know the times we are living in. If we were living in
times of solid banking and not as corrupt governments, BTC would depend solely on it's low transactions fees, perhaps the darknet, etc. But we are living in times where Central banks (ECB) take 47.5% of
your money in a bail-in and other countries are seeing that as a model.

Good luck to you all, but lets not simplify things. It can go any way at any time. Be careful and don't lose sight of that and don't lose sight of what BTC represents.

Enjoy the ride and don't forget that when the shit does hit the fan,
It's about sharing

Bitcoin’s Dystopian Future

[ChartBuddy]

[fr33d0miz3r]

Bitcoin’s Dystopian Future

TL;DR: The main idea of this article is that Bitcoin will destroy the current financial and government system.

My opinion is that the current system will destroy itself. It's inevitable, with Bitcoin or without it.
But Bitcoin will help us to build the new type of economy. It will help us to avoid the beginning of an old system again.

[Spaceman_Spiff]

Bitcoin’s Dystopian Future

TL;DR: The main idea of this article is that Bitcoin will destroy the current financial and government system.

It's more about the social implications that result from that and enabling crime imho.

[Its About Sharing]

For the bulls:

It's a longshot, but we might be in the mother of all head and shoulders:

The plot thickens...  

Very good spot! Strong resemblance

Not being Bullish or Bearish, just looking at the pattern and volume - The volume pattern is not following what is normally expected. We'll see:

The head and shoulders pattern can sometimes be inverted.  The inverted head and shoulders is typically seen in downtrends.  (What's noteworthy about the inverted head and shoulders is the volume aspect.  The inverted left shoulder should be accompanied by an increase in volume.  The inverted head should be made on lighter volume. The rally from the head however, should show greater volume than the rally from the left shoulder. Ultimately, the inverted right shoulder should register the lightest volume of all.  When the market then rallies through the neckline, a big increase in volume should be seen.)

http://www.chartpatterns.com/headandshoulders.htm

[vokain]

Though it is a long shot, perhaps the low volume is simply a result of the current exchange market conditions suppressing volume?

Just a hypothesis, although what would like a HnS pattern would fit with my current elliott wave count/guess (reversal of a down 5-wave count into a new up 5-wave count)


here's a little  rough sketch i did yesterday
https://www.tradingview.com/x/Gxn7wES1/

For the bulls:

It's a longshot, but we might be in the mother of all head and shoulders:

The plot thickens...  

Very good spot! Strong resemblance

Not being Bullish or Bearish, just looking at the pattern and volume - The volume pattern is not following what is normally expected. We'll see:

The head and shoulders pattern can sometimes be inverted.  The inverted head and shoulders is typically seen in downtrends.  (What's noteworthy about the inverted head and shoulders is the volume aspect.  The inverted left shoulder should be accompanied by an increase in volume.  The inverted head should be made on lighter volume. The rally from the head however, should show greater volume than the rally from the left shoulder. Ultimately, the inverted right shoulder should register the lightest volume of all.  When the market then rallies through the neckline, a big increase in volume should be seen.)

http://www.chartpatterns.com/headandshoulders.htm

[ChartBuddy]