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

[Ivor Biggun]

BUT offcourse nobody knows whats Going to happen , BUT patterns / TA / Drawing lines over and over again on the same charts/ ...... is all searching in the sust trying to predict the onpredictable .... offcourse somethimes out of all the predictions Will be one Thats got iT right
Even @ the ATH list 2 times same Guy very close .... last time very wrong its all a guess with those who have long term believe and those that hope iT would fail.....

Rest is Just talk and fun and adrenaline and FUD and for Some emotionally attachment and So on .....

There's always one guy who says "I successfully called the bottom/top last time, so my next call must be right". His next call is inevitably wrong.

Even a broken clock is right twice a day.

[drays]

Yup, there is always somebody like that
This time its me  

As there are so many professional traders here (who apparently understand much more than me), and as far as there was a talk regarding the similarity of current bubble to 2013-2014 one, I would like to ask if anyone thinks this my assumption from one month ago makes any sense:

Interesting... If we take the pattern of the 2013-2014 bubble (for example from here: https://mobile.twitter.com/cryptohodlor/status/958352479934017539/photo/1) and just plainly apply it on current one, we can notice up to now everything seems extremely similar. Even the bounce levels are exactly the same, we just need to make two adjustments:
 1. The price on the old chart has to be multiplied by around x18 (the total peak of 1.1K becomes 20K, the first bounce start of 330 becomes 6K, the bounce peak of 670 becomes 12K etc)
 2. The time scale needs to be adjusted by around x3 (things now seem to change 3x faster)

With those adjustments to the old chart we get exactly what we have now in 2018.

If this analogy is correct, the absolute bottom of this beginning bear market will be around 3.8-4K, it will be reached in around 4 months from the peak (somewhere in April), and the overall length of bear market would be around 8 months (rising back somewhere in August?).

When I posted this about one month ago, we were out of 6K lows, but didn't reach the 12K top yet. I was actually surprised to see it was quite precise. Does anyone think such scenario (especially the time schedule) sounds realistic?

BTW, if this analogy/prediction is correct, we will witness a big sell-off very soon - starting maybe in about 5-15 days - first to about 7.2K, then to under 5.4K one-two weeks later, before having a temporary bounce to almost the current levels . I'm not happy to tell that, but well, if it indeed follows the old graph, things will be good longterm, and thats the most important.

P.S.Excuse my English, once again

[pfrtlpfmpf]

 Guys, i got mail from Melania Trump, at first i didn´t believe it, but when i take my handsomeness into consideration, anything is possible, what do you suggest i should do ? Time is of essence ! :




FROM DESK OF MRS. MELANIA TRUMP.YOUR LAST NOTICE.

I'M MRS. MELANIA TRUMP AND AM WRITING TO INFORM YOU ABOUT YOUR ATM CARD AND
BANK CHEQUE DRAFT BROUGHT BY THE UNITED EMBASSY FROM THE GOVERNMENT OF
BENIN IN THE WHITE HOUSE WASHINGTON DC WHICH CONTAINS THE SUM OF $13.4
MILLIONS US DOLLARS CREDITED FROM THE BANK OF AMERICA.THE DELIVERY OF YOUR
FUNDS HAS BEEN MANDATED TO BE POSTED TO YOUR ADDRESS MONDAY 5TH march
2018 TO YOU AS SOON AS YOU GET BACK TO ME WITH YOUR HOME ADDRESS AND YOUR
CELL PHONE NUMBERS.

SO YOU ARE REQUIRED TO GET BACK TO ME WITH THE FOLLOWING ADDRESS.

(1) YOUR FULL NAME=============
(2)MOBILE PHONE NUMBER=============
(3)CURRENT HOME ADDRESSS=============

BEAR IN MIND THAT I HAVE TAKING MY TIME TO BE IN CHARGE OF YOUR FUNDS AS
INSTRUCTED BY MY HUSBAND TO ENSURE THAT YOU RECEIVED YOUR FUNDS
SUCCESSFULLY FROM THE WHITE HOUSE TO REDUCE THE ECONOMY AND I'M THE ONLY
ONE THAT HAS YOUR FUNDS IN REGARD TO MY HUSBAND MR. DONALD JOHN TRUMP AND YOU
WILL HAVE TO PAY THE SUM OF $54 ONLY BEFORE YOUR ATM CARD WILL BE
DELIVERED TO YOU TOMORROW.THE REASON WHY THE FEE IS REQUIRED IS TO HAVE
YOUR FUNDS CLEARANCE PAPER FROM THE ORIGIN OF THE FUNDS TO AVOID ANY
HARASSMENT FROM THE AUTHORITY AND YOU ARE ALSO EXPECTED TO BE ANNOUNCED AS
WINNER OF THE SAID AMOUNT BY THURSDAY AS SOON AS YOUR FUNDS IS DELIVERED TO
YOU.

SO YOU ARE URGENT ADVISED TO GET BACK TO ME WITH YOUR HOME ADDRESS AND ALSO
THE PAYMENT INFORMATION TODAY FOR IMMEDIATE EFFECT OF YOUR DELIVERY.PLEASE
I WILL ADVICE YOU TO URGENT MAKE THE PAYMENT THIS MORNING VIA MONEY GRAM OR
WESTERN UNION MONEY TRANSFER TO THE ABOVE LISTED CASHIER INFORMATION AS GIVEN.
I WILL LOOK FORWARD TO RECEIVED YOUR EMAIL TODAY WITH THE PAYMENT TO ENABLE
ME GET THE REQUIRED CLEARANCE PAPERS REQUIRED AT WHITE HOUSE TO DELIVER YOUR
FUNDS.NOTE THAT THE FEE IS TO BE FORWARDED TO THE FUNDS ORIGIN AS INSTRUCTED
AND TRY TO MAKE THE PAYMENT THROUGH MONEY GRAM OR WESTERN UNION.

PLEASE FIND THE PAYMENT DATA BELLOW.

RECEIVER NAME.......JACOB EJA
COUNTRY......BENIN REPUBLIC.
CITY......COTONOU
QUESTION.....GOD
ANSWER.......BLESS
AMOUNT.....$54
MTCN,,,,,,,,,,,,,,,,,,,,?
SENDER NAME.....................?

I LOOK FORWARD TO YOUR RESPOND TO YOUR EMAIL WITH THE PAYMENT TODAY.

REGARD
MRS. MELANIA TRUMP



Btw: i love the

 "Question" : . . . God
 "Answer" : . . . Bless     part.

[Ivor Biggun]

Does anyone think such scenario (especially the time schedule) sounds realistic?

No, it's probably going to be inevitably wrong.

[Ivor Biggun]

Guys, i got mail from Melania Trump, at first i didn´t believe it, but when i take my handsomeness into consideration, anything is possible, what do you suggest i should do ? Time is of essence ! :

I didn't know Melania Trump was a Nigerian princess.

[vapourminer]

Guys, i got mail from Melania Trump, at first i didn´t believe it, but when i take my handsomeness into consideration, anything is possible, what do you suggest i should do ? Time is of essence ! :

FROM DESK OF MRS. MELANIA TRUMP.YOUR LAST NOTICE.

YOUR ATM CARD AND BANK CHEQUE DRAFT BROUGHT BY THE UNITED EMBASSY FROM THE GOVERNMENT OF
BENIN IN THE WHITE HOUSE WASHINGTON DC WHICH CONTAINS THE SUM OF $13.4
MILLIONS US DOLLARS CREDITED FROM THE BANK OF AMERICA.


YOU WILL HAVE TO PAY THE SUM OF $54 ONLY BEFORE YOUR ATM CARD WILL BE
DELIVERED TO YOU TOMORROW.

RECEIVER NAME.......JACOB EJA
COUNTRY......BENIN REPUBLIC.
CITY......COTONOU
QUESTION.....GOD
ANSWER.......BLESS
AMOUNT.....$54
MTCN,,,,,,,,,,,,,,,,,,,,?
SENDER NAME.....................?

I LOOK FORWARD TO YOUR RESPOND TO YOUR EMAIL WITH THE PAYMENT TODAY.

REGARD
MRS. MELANIA TRUMP

dude! send twice as much ($108) and maybe youll get twice as much ($28.6 million) back!

cant lose!!  hurry hurry!!

rofl

[Majormax]

We are repeating the same patterns from 2013/2014/2015.

Bitcoin will drop back down to 2-3k and consolidate there for a while before resuming the next major bull run, probably fluctuating between 3 and 5 grand for a while.

Eth will return to $200ish, Bitcoin Cash will drop to 300-400

This is my prediction and I don't give a damn if you think I'm a nutcase.

I can only go off what I see happening now and so far the pattern is almost the same.

On what do you base those predictions ? Please give some supporting evidence or calculations.

[TERA2]

Bitcoin will drop back down to 2-3k

Yeah, halting every single mining operation in the whole white world, sure  

Why not? Whats stopping it? Weve seen it before. Actually mining is disrupting itself every day by releasing faster and faster ASICs.

Because buying btc outright vs buying back mining hardware would be a smart business move.

So youre postulating that a certain amount of people who would originally be interested in mining, are going to instead buy bitcoins? Also, they're going to buy into the downtrend and not wait for it to reverse? Even if this is true, is the amount of money coming in from these would-be miners significant enough to hold up the price? Will it outweigh millions of coins being dumped? Is it even any kind of significant number?

[HairyMaclairy]

We are in a sustained down trend.

Anyone claiming to know the bottom is just guessing. It is entirely possible the bottom is already in at $5900 but no one knows.

[goldkingcoiner]

Here comes the panic selling from the Asians! Down down down!

[BlackSpidy]

Here comes the panic selling from the Asians! Down down down!

I'm looking for those $7800 bitcoin 

[Bitcoinaire]

This doesn't look good.

[d_eddie]

Here comes the panic selling from the Asians! Down down down!

I'm looking for those $7800 bitcoin 

You might be able to get them a bit cheaper.

Source: Mammoths. Basically out of my ass, as Hairy would undoubtedly (and reasonably) say.

[HairyMaclairy]

You’re pulling that out of your ass.

[BlackSpidy]

Here comes the panic selling from the Asians! Down down down!

I'm looking for those $7800 bitcoin 

You might be able to get them a bit cheaper.

Source: Mammoths. Basically out of my ass, as Hairy would undoubtedly (and reasonably) say.

Heheheh. Let me show you my source:

[HairyMaclairy]

Keep in mind we should bounce again by early next week.  It’s just the weekend is likely to be bad. 

[d_eddie]

You’re pulling that out of your ass.

Keep in mind we should bounce again by early next week.  It’s just the weekend is likely to be bad.  

I agree on both points.
FWIW, of course.

EDIT - by "a bit cheaper", I'm assfully prognosticating 7200-7400.

[Ivor Biggun]

Here comes the panic selling from the Asians! Down down down!

I'm looking for those $7800 bitcoin  

You might be able to get them a bit cheaper.

Source: Mammoths. Basically out of my ass, as Hairy would undoubtedly (and reasonably) say.

Is this the sauce?

[d_eddie]

Is this the sauce?

Invalid Proxy sauce?  
Sometimes this proxy thing gets on my tits.

EDIT - Now I see it! Yes Ivor, you nailed it. Shitty pic, BTW. 

[jojo69]

I think my emotions are broken.

I'm not even scared any more.