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

[realr0ach]

in other news

4chan tracked down Trevon James. He's in a hotel in Myrtle Beach South Carolina (likely where he lives) and he drives a BMW X6 https://www.youtube.com/watch?v=xFkqSu4Gi3g

We currently have Nazi scientists studying Trevon James to determine if he's the missing link or not.

[Wekkel]

The 1 day chart develops a nice hammer at the bottom. Is this all that the sellers got?

....everything still looks ok on stamp, GDAX not so much...

I am indeed looking at Bitstamp.

[toknormal]

Close-up on the subject of my previous post.

Explains why sub-$10k dips are being bought. They are so close to the longer term mean trendline.

[gembitz]

 

gembitz is posting again - does that mean we are about to back in a bull period?

gemz is baaaaack and im at the international gem show weee

[gembitz]

in other news

4chan tracked down Trevon James. He's in a hotel in Myrtle Beach South Carolina (likely where he lives) and he drives a BMW X6 https://www.youtube.com/watch?v=xFkqSu4Gi3g

We currently have Nazi scientists studying Trevon James to determine if he's the missing link or not.

X-files? :-D ha

[realr0ach]

The Jews on CucksFinex will obviously *attempt* to manipulate the market to preserve that trendline.  But there is the fact that last time there was a run on tethers - and in turn a flight to BTC - the market pumped hard and this time it's crashing instead.  So that's bearish and means people are dumping tether --> BTC --> fiat instead of staying in BTC.  Most BTC that is dumped for fiat is never used to buy BTC again, and thus requires more greater fools to keep the scheme running or the centralized miners and whales become perma bag holders.  

Whether the manipulators attempt to preserve that trendline or not is entirely determined by how many greater fools they believe exist, but we might have already seen the general public's rush to craptocurrency during the last runup and the only people left are those guys "who can't write a $500 check".

[toknormal]

Lets have a look at the RSI long range.

We are now at one of those lower peaks which followed all previous corrections in the last 2 years. So that would appear to raise 2 possibilities based on precedents:

1. it's an overheat-fan propellor type correction and will retrace back up the "spinner" to around 13,500 by mid February
2. if the 1-Week RSI really gets into the oversold zone then we could be in for another extended consolidation that may last at least the whole year

[Icygreen]

 

gembitz is posting again - does that mean we are about to back in a bull period?

gemz is baaaaack and im at the international gem show weee

Tucson Gem show, nice, are you one of those kids hanging out around Howard Jonson's?   

[Biro Bob]

This is reminding me of the $800 phase in early 2014. I'd prefer a violent plunge to rip everyone's baby blue panties to shreds and then we can get down to business.

It reminds me of the period between April 2013 and August/September 2013 where the price wobbled around the $100 mark (+/- 20$)

The price fell from $260 to $50.. then jumped around like crazy for a week or so.... then stabilised around $100 for several months.

There must be more than 100 times the Bitcoiners there were 5 years ago, so I have a feeling $10000 is the new $100 and probably a very good buying opportunity.

[realr0ach]

gemz is baaaaack and im at the international gem show weee

Tucson Gem show, nice, are you one of those kids hanging out around Howard Jonson's?  

Short gems.  The boomercucks put women up on a pedestal, thus creating these ultra-demanding, sense of entitlement housewives and younger generation daddy's princess monsters.  Nobody wants to marry these creatures.  When the economy blows up, the capability of cuckolds trying to position themselves as expendable provider by spamming women with money after the woman fails to get the "alpha male" to commit also implodes. Diamonds to zero. 

[fragout]

Lets have a look at the RSI long range.

We are now at one of those lower peaks which followed all previous corrections in the last 2 years. So that would appear to raise 2 possibilities based on precedents:

1. it's an overheat-fan propellor type correction and will retrace back up the "spinner" to around 13,500 by mid February
2. if the 1-Week RSI really gets into the oversold zone then we could be in for another extended consolidation that may last at least the whole year

So it might go up or it might go down? tks for that. i feel much better now knowing the possible directions

[toknormal]

What does New York University's bitcoin troll in residence have to say about latest events ?

[Biro Bob]

The problem is, the correction's just far to sharp and deep for it to be the start of a long term bear market. What's happened is it got overheated in December, then the bubble popped. Then shorters took control and it gets oversold. Then the short bubble pops and it generally ends up halfway up the retrace where it stabilises. So that would be around $13,800 if it spikes down to, say $8800.

If it really was the start of a long term bear, what usually happens is you get a bubble popping to, say 30%, 40% retrace, then a slow build up over a couple of months, then lower highs from there on for 6 months to a year. This isn't like that. It's a perfect bitcoin overheat retrace type correction (IMHO that is).

Lets see what happens when the shorts close and re-assess as we're getting into oversold territory at increasingly long ranges now. RSI is confidently oversold at all ranges up to the 6 hour already, 12 hour is just entering and 1, 3 day are not far off.

I agree.

I mean, just look at the 1d chart on Stamp. The short/sell volume has been falling ever since the ATH. Right now in comparison to previous legs down, it's pathetic.

If you watch Bitstamp on Bitcoinity, there are multiple sells of 0.02 and 0.01 BTC followed by buys of 10 BTC.

[PoolMinor]

Here's a ray of light. It is currently more expensive to go down 1500 dollars than it is to go to 25k,

[imghttps://i.imgur.com/pWn3W4c.png[/img]

Not sure if you have used your math skills yet, but that statement is erroneous.

[gembitz]

 

gembitz is posting again - does that mean we are about to back in a bull period?

gemz is baaaaack and im at the international gem show weee

Tucson Gem show, nice, are you one of those kids hanging out around Howard Jonson's?   

yep i have a gun case full of tourmalinecoin weee

[PoolMinor]

So it might go up or it might go down? tks for that. i feel much better now knowing the possible directions

Don't forget "sideways."

You're welcome.

[Wekkel]

So it might go up or it might go down? tks for that. i feel much better now knowing the possible directions

Don't forget "sideways."

@fragout, the point of these graphs is to give you an indication of what the status of the market is so you can make a better educated guess about the possible course of price action. It’s not a crystal ball and you would be well advised not to piss on such contributing posts.

[serveria.com]

Only down to 10k but so much whining I even saw some 3-4k predictions here? Pull yourselves together and HODL! What kind of brain-dead retards sell now?

[Icygreen]

 

gembitz is posting again - does that mean we are about to back in a bull period?

gemz is baaaaack and im at the international gem show weee

Tucson Gem show, nice, are you one of those kids hanging out around Howard Jonson's?   

yep i have a gun case full of tourmalinecoin weee

Haha, I may have met you yesterday. Actually I did hear something about tourmaline coin ICO on my way through that parking lot yesterday evening.

[UnDerDoG81]

Wow bitcoin is under heavy attack from jew media here in Germany. The biggest jew paper "Bild" says it will completely collapse soon and go to zero. Looks like they are really scared of cryptos 👍