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

[pacman7331]

“Power corrupts and absolute power corrupts absolutely”

Decentralize it.

[1714986421]

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[1714986421]

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[1714986421]

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[Phil_S]

Great when the price is going up but on the way down...not so good.

Wise words from a hungry man.

[jojo69]

I have the best triangles.  Other triangles aren't even real.

Make Bitcoin great again!

[Lontonbit]

Elliot is waving goodbye to your triangle. Next stop 9100

[HairyMaclairy]

We're going to build a buy wall and Bitfinex is going to pay for it.  The wall is going to cost $10 billion. That's what it's going to cost. It's going to be a powerful wall. It's going to be $10 billion high and we are going to watch it. It will go up so fast your head will spin. Right? It’s going to happen. Going to happen. They know it. I know it. We all know it.  Just remember that. And you remember I said it…. It's going to be a serious wall. It's going to be a real wall. It's not going to be a wall that they just climb up, and you know, you see what they do, over.

[Vlada69]

We're going to build a buy wall and Bitfinex is going to pay for it.  The wall is going to cost $10 billion. That's what it's going to cost. It's going to be a powerful wall. It's going to be $10 billion high and we are going to watch it. It will go up so fast your head will spin. Right? It’s going to happen. Going to happen. They know it. I know it. We all know it.  Just remember that. And you remember I said it…. It's going to be a serious wall. It's going to be a real wall. It's not going to be a wall that they just climb up, and you know, you see what they do, over.

and it will be paid by Mexico

[JayJuanGee]

Bitcoin Dominance at 44% now. At this rate it could reach 50% before retesting the last bottom. The carnage on the alts is being brutal.

Shitcoiners need to face a hard lesson, so they learn that the true value of something isn't because "Well it's valuable because it went up." That's penny stock hopium bullshit.

"The flogging will continue until intelligence and sense returns."  

That might take a while.. Seems that there still continues to be a lot of nonsense talk with those many paper tiger white papers.

I was thinking that there would be at least one more run up of alt coins and the various shit coins before a real correction comes.. but who knows?  Maybe we are experiencing the alt coin purge in this time around?

[JayJuanGee]

In case you guys haven’t figured this out, this happens every weekend. It just so happens we are currently in an extended downtrend. 

I had not noticed about whatever is supposedly happening every weekend.. but I did notice the "extended downtrend," if you mean that 3 months is an "extended downtrend."

[Harlot]

It seems like we have a little breather for today but to make things clear a big green candle doesn't say we have broken the down trend yet. Even if the MACD shows bullish divergence and the volume is big we haven't broken any resistance as of yet. The 50 EMA which is located at 8500$ is still yet to be broken in order for us to say we are on a up trend. What I can say now is the bulls have refused to re-visit the 6,000$ area again as it might be to early for them to go down this big.

[JayJuanGee]

also, masterluc says...blah blah

Why do people still listen to those who made crazy predictions in the past and were all wrong?
None of them predicted the pull back from 20K to 7-8K did they?

Masterluc, Cliff High, Tone Vays, McAfee.

 

They believe in "long-term", not in short-term like you.

My long term prediction I made August 2017 simply based on doubling each year:
2018 2000
2019 4000
2020 8000
2021 16000
2022 32000
2023 64000
2024 128000
2025 256000

I have nothing against Masterluc, Cliff High, Tone Vays, McAfee saying it will moon sometime in several years 5-10 or whatever (most of us here do otherwise we wouldn't invest our money and time) but a lot of their technical babble in the mean time has been proven wrong hence my comment.

I merited your earlier post, mostly because I appreciate an anti-sorcerer comment now and then, because sometimes it seems that guys are getting into too much sorcerer reliance.. and sometimes, want to be viewed as sorcerers, too.

Doubling every year is not a bad idea or framework, and if you are starting with $1,000 for 2017, $500 for 2016, and $250 for 2015 - even if you are  largely correct, you seem to be selectively and purposefully low-balling, especially when we have seen $20k for 2017... so you either seem to be purposefully skewing down your expectations or you are engaged in a state of unrealism.   

We are also NOT going to get linear BTC performance.. so even an average of 2x every years seems to just be a kind of stab in the dark that is not really based on anything except for a kind of dream about how the world should be rather than how it is, especially with a considerable likelihood that bitcoin is in a exponential curve which will not likely be held back by 2x (or linear) expectations. 

[Phil_S]

Right.

Recently, it looks like 8x per year...

If we could stay above this line, it would be great...  

March 2017: last dip under $1000.
March 2018: last dip under $8000.

[Lontonbit]

https://bircoin.top

[undeadbitcoiner]

We're going to build a buy wall and Bitfinex is going to pay for it.  The wall is going to cost $10 billion. That's what it's going to cost. It's going to be a powerful wall. It's going to be $10 billion high and we are going to watch it. It will go up so fast your head will spin. Right? It’s going to happen. Going to happen. They know it. I know it. We all know it.  Just remember that. And you remember I said it…. It's going to be a serious wall. It's going to be a real wall. It's not going to be a wall that they just climb up, and you know, you see what they do, over.

Is it a TRUMP wall? Bitfinex is going to pay for it?

[Lontonbit]

We're going to build a buy wall and Bitfinex is going to pay for it.  The wall is going to cost $10 billion. That's what it's going to cost. It's going to be a powerful wall. It's going to be $10 billion high and we are going to watch it. It will go up so fast your head will spin. Right? It’s going to happen. Going to happen. They know it. I know it. We all know it.  Just remember that. And you remember I said it…. It's going to be a serious wall. It's going to be a real wall. It's not going to be a wall that they just climb up, and you know, you see what they do, over.

Is it a TRUMP wall? Bitfinex is going to pay for it?

Great Wall of tetherina ?

[rjclarke2000]

also, masterluc says...blah blah

Why do people still listen to those who made crazy predictions in the past and were all wrong?
None of them predicted the pull back from 20K to 7-8K did they?

Masterluc, Cliff High, Tone Vays, McAfee.

 

They believe in "long-term", not in short-term like you.

My long term prediction I made August 2017 simply based on doubling each year:
2018 2000
2019 4000
2020 8000
2021 16000
2022 32000
2023 64000
2024 128000
2025 256000

I have nothing against Masterluc, Cliff High, Tone Vays, McAfee saying it will moon sometime in several years 5-10 or whatever (most of us here do otherwise we wouldn't invest our money and time) but a lot of their technical babble in the mean time has been proven wrong hence my comment.

I merited your earlier post, mostly because I appreciate an anti-sorcerer comment now and then, because sometimes it seems that guys are getting into too much sorcerer reliance.. and sometimes, want to be viewed as sorcerers, too.

Doubling every year is not a bad idea or framework, and if you are starting with $1,000 for 2017, $500 for 2016, and $250 for 2015 - even if you are  largely correct, you seem to be selectively and purposefully low-balling, especially when we have seen $20k for 2017... so you either seem to be purposefully skewing down your expectations or you are engaged in a state of unrealism.   

We are also NOT going to get linear BTC performance.. so even an average of 2x every years seems to just be a kind of stab in the dark that is not really based on anything except for a kind of dream about how the world should be rather than how it is, especially with a considerable likelihood that bitcoin is in a exponential curve which will not likely be held back by 2x (or linear) expectations. 

I believe masterluc predicted 20k down to around 9k before we were at 9k. I’d say that’s not a bad guess.

[SidETH]

I have an idea.
Quickly post some of those graphs showing an incomming bottom at $2k.
Then it will surely rise higher.
Thanks!

[vroom]

I have an idea.
Quickly post some of those graphs showing an incomming bottom at $2k.
Then it will surely rise higher.
Thanks!

you do not depend on others to achieve a change in trend. just go short and bitcoin will moon immediately

[ghandi]

Come on Bitcoin, go down to 2k! Give me cheap prices again!

[rjclarke2000]

Is that gox whale going to dump at 4pm GMT once again? What a wanker

[Last of the V8s]

Is that gox whale going to dump at 4pm GMT once again? What a wanker

Certainly some whale-wankers will be dumping this week. Their performance isn't over.

coindesk, whalepool, twitter all coming up with gloomy TA / fud