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

[toknormal]

Eliot wave mumbo jumbo ?

Must be bullish !

[sirazimuth]

Let Ripple cripple for a while. Banky coin does not want to die

20000pages  is coming ,hope when the 20000 pages coming with the price of $20000, that will be awesome.

Have faith, never underestimate the power of the Wall Observer Thread

coinbase ripple listing. Is it true? If the price will fly high

No. 

Mythical god forbid...

[LFC_Bitcoin]

The price rising from below $8,xxx to seemingly finding support at $10,xxx & now stabilising above $11,xxx is very bullish imo. I think we could soon be moving back into the teens.

Dat bitcoin!

BTC

[Totscha]

The price rising from below $8,xxx to seemingly finding support at $10,xxx & now stabilising above $11,xxx is very bullish imo. I think we could soon be moving back into the teens.

Dat bitcoin!

BTC

When Lambo!? 

[DeathAngel]

The price rising from below $8,xxx to seemingly finding support at $10,xxx & now stabilising above $11,xxx is very bullish imo. I think we could soon be moving back into the teens.

Dat bitcoin!

BTC

When Lambo!? 

Soon my friend.

$100,000 by 2021 Q3

[Vlada69]

The price rising from below $8,xxx to seemingly finding support at $10,xxx & now stabilising above $11,xxx is very bullish imo. I think we could soon be moving back into the teens.

Dat bitcoin!

BTC

When Lambo!? 

Soon my friend.

$100,000 by 2021 Q3

Also predicted something like that 1k 2014, 20k 2017, 120k 2022

[bitcoinPsycho]

The price rising from below $8,xxx to seemingly finding support at $10,xxx & now stabilising above $11,xxx is very bullish imo. I think we could soon be moving back into the teens.

Dat bitcoin!

BTC

When Lambo!? 

Soon my friend.

$100,000 by 2021 Q3

I think you'll find its 2019

[Torque]

The price rising from below $8,xxx to seemingly finding support at $10,xxx & now stabilising above $11,xxx is very bullish imo. I think we could soon be moving back into the teens.

Dat bitcoin!

BTC

When Lambo!? 

Soon my friend.

$100,000 by 2021 Q3

I think you'll find its 2019

Even if by 2021 (Oh the horror!), would literally crush all other appreciating assets

[STT]

Hate to be boring but you dont want a Lambo.  Its a depreciating asset with limited utility worth and high cost to maintain and insure.    A smart guy buys property which has utility worth and hopefully far smaller percentage costs.    Worst thing to do is to take an appreciating asset like crypto where you got lucky to be in the right sector at the right time and switch into something that loses you money and makes you poorer over time.    

Some time in the future this wont be the hot sector any more, it'll just be another sector thats idling with various people doing work perhaps but it'll come off the boil and not be as exciting.  Thats just market development, standard capitalism I guess.  Thats presuming it is a real market, we benefit from those who still wont recognise or compete in crypto and leave the spoils for others.      
Like Warren Buffet says gold is trash we take from ground and put back in the ground, no worth.  However gold has performed better then his results of the last 18 years apparently.   So he missed the picture somewhere, probably a similar dynamic occurring with crypto.   It wont always be true, Buffet won the last five years vs gold.   Ditto Crypto, it wont always the hot stock hence I wouldnt buy that lambo tbh :p  or anything that silly, I'd rather put down the deposit on the house I need




Regular staircase pattern of rising price in BTC.    Theres an obvious double top situation to contend, so obvious its a magnet like effect.  11788 upper and 11259 as a baseline to measure strength.

[Torque]

Like Warren Buffet says gold is trash we take from ground and put back in the ground, no worth.  However gold has performed better then his results of the last 18 years apparently.   So he missed the picture somewhere, probably a similar dynamic occurring with crypto.   It wont always be true, Buffet won the last five years vs gold.   Ditto Crypto, it wont always the hot stock hence I wouldnt buy that lambo tbh :p  or anything that silly, I'd rather put down the deposit on the house I need

Agreed. Warren also took a huge silver position one time, but then sold it off about 4 years too soon.

Ten years ago, ol' Warren also slammed Google as a good investment, claiming that he had no way to correctly valuate Google and so wasn't going to invest a dime (six years ago he put his money into IBM instead). Now ten years later, he's going around saying how badly he misjudged Google and "missed the boat." He barely got out of his IBM position without taking massive losses.

Now he is singing the praises of Apple... about a decade too late (just like he did with IBM).

It seems that with technology, ol' Warren is always "a day late and a dollar short". Will he be eating his words on Bitcoin too in 5-10 years? Only time will tell.

[Toxic2040]

Which path shall it be?
As shown by the flattening of the MACD, the market is undecided. If you look at the spacing between the Feb dip and the one towards the end of the month, you can see that it makes more sense if the wave structure is further "apart".
I personally favor the Kessel run in under twelve parsecs(fig. 1) over Red Route One(fig. 2) but thats just me.

[fragout]

Which path shall it be?
As shown by the flattening of the MACD, the market is undecided. If you look at the spacing between the Feb dip and the one towards the end of the month, you can see that it makes more sense if the wave structure is further "apart".
I personally favor the Kessel run in under twelve parsecs(fig. 1) over Red Route One(fig. 2) but thats just me.

Its an interesting price point at the moment. It was the start of the crazy back in DEC 6th. Tested in January multiple times and finally failed on the 28th. Tested again and failed Feb 20th and now testing again.

[jojo69]

B'awb

what is that on the horizon?

[cAPSLOCK]

B'awb

what is that on the horizon?

(l'ol at B'awb...  B'audiploblaw?)

[Toxic2040]

Its an interesting price point at the moment. It was the start of the crazy back in DEC 6th. Tested in January multiple times and finally failed on the 28th. Tested again and failed Feb 20th and now testing again.

Funny that you mention that..  More data. This really sharpens and connects things imo. #dyor

[JimboToronto]

Good morning Bitcoinland.

Still going sideways I see... currently $11520USD/$14942CAD (Bitcoinaverage).

I think we've had enough consolidation for now. Let's move on up.

[scum]

A smart guy buys property which has utility worth and hopefully far smaller percentage costs.

A house can cost a surprising amount of money to maintain, and this is the result if you don't keep spending money on it.



Bitcoin costs nothing to maintain. Keep hodling long enough and it will give you a good return.

[Torque]

Accumulation is happening again. But note that at these price levels, this accumulation could go on for a very long time.

You guys may die of complete boredom in the interim.

[Wekkel]

I can wait.

[bitserve]

Accumulation is happening again. But note that at these price levels, this accumulation could go on for a very long time.

You guys may die of complete boredom in the interim.

What timeframe are you talking about here? Months? Years?