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

[jojo69]

Tibanne?

I see what you did there.

[rafanadal]

Down we go.

Is there still anyone out there believing we will go above 10k in the foreseeable future?

If we go below 10k again, i am not sure we'll see 5 digits again for a very long time if ever.

[Rosewater Foundation]

I know a lot of you are socks and long cons and trolls, but for the rest, I'm going to be saying my goodbyes soon. I don't want to get sticky about it. I guess it's personal. Just listen: good luck, godspeed, thank you. It's been a real eye-opener.

[Toxic2040]

Deep dips into the liquidity pool at $7.8k and increasing volume tells me that one way or another..the situation will resolve soonish. Mho on it is that this is a normal sell off period for miners, people doing taxes and businesses with quarterly expense schedules. A whale or three appears to be trying to take advantage of it by driving prices even lower. This lines up with past time frame analysis. If support is broken here it would in turn become future resistance and we would probably find support retesting a $7.5k level or perhaps lower.

April is right around the corner and it will start getting better. People who expect a long down turn can forget about it..I will not make any outlandish boasts or claims..but this is a order of magnitude we are running into..its going to be felt loud and proud soon. You can quote me on that.
#btfd #dyor #stronghands

[pacman7331]

Potential bottoms?

~7670-7690 is our first.
~6950 is our second.
Then there is the double bottom...

And then... Tera will be in here to tell us all how we were told so...

I wanted to know as well. What is Tera's bottom call? I will move my order down there.

I dunno but yea looks like a 7650 then 7300 then the abyss (5900).

[cAPSLOCK]

I know a lot of you are socks and long cons and trolls, but for the rest, I'm going to be saying my goodbyes soon. I don't want to get sticky about it. I guess it's personal. Just listen: good luck, godspeed, thank you. It's been a real eye-opener.

I for one have always enjoyed your posts.  Will be sorry to see you go.

[HairyMaclairy]

I know a lot of you are socks and long cons and trolls, but for the rest, I'm going to be saying my goodbyes soon. I don't want to get sticky about it. I guess it's personal. Just listen: good luck, godspeed, thank you. It's been a real eye-opener.

Hey man I’m no sock.

[JayJuanGee]

Such doom. Remind me to not listen to people.

I find nothing wrong with listening to people (which is part of the reason for participating in threads like this one), and then doing your own thing....   

The key is not to do what they say, but to figure out your own plan, and if your own path happens to coincide with what someone else is suggesting, then so be it.   

[Lontonbit]

Feel free to join me next fork, we can bath in the blood of a thousand noobs.

Sure. (If I ever end up in such a wretched and desperate state that my life becomes that of a sand fly.)

If not I, than who else is going to purge the parasites from this market? I am but a small part of the mechanism that cleanses the market.

[realr0ach]

Potential bottoms?

~7670-7690 is our first.
~6950 is our second.
Then there is the double bottom...

And then... Tera will be in here to tell us all how we were told so...

I wanted to know as well. What is Tera's bottom call? I will move my order down there.

Tera's bottom call was $3000 and said that was "generous" and wouldn't be surprised if it went to $1000 again.  My call was more generous and was something like $4200-4400 just from looking at how other bubbles besides bitcoin have behaved.  Regardless, there should be a long drawn out bear market after that parabolic blow-off top at $20k and it's going to go sideways at some number you will not like for many months/over a year.  

It's also possible there's a large amount of miners all with the same production costs and mining equipment that will be playing chicken with each other to see who turns off their millions of dollars of equipment first that will further erode the price support, like how KNC went bankrupt during the last bear market.  You will end up with some kind of stupid situation where Bitfury goes bankrupt and only Bitmain is left or something, or vice versa.

[HairyMaclairy]

I believe in the long term and I’m ready for another winter should that happen.  Even if a couple years is really short term....

[Toxic2040]

I know a lot of you are socks and long cons and trolls, but for the rest, I'm going to be saying my goodbyes soon. I don't want to get sticky about it. I guess it's personal. Just listen: good luck, godspeed, thank you. It's been a real eye-opener.

I for one have always enjoyed your posts.  Will be sorry to see you go.

RW..sad..but willing to part unsticky..hope you drop in when you can. Take care.

[jojo69]

I know a lot of you are socks and long cons and trolls, but for the rest, I'm going to be saying my goodbyes soon. I don't want to get sticky about it. I guess it's personal. Just listen: good luck, godspeed, thank you. It's been a real eye-opener.

but...but...

oh man

[yonton]

I know a lot of you are socks and long cons and trolls, but for the rest, I'm going to be saying my goodbyes soon. I don't want to get sticky about it. I guess it's personal. Just listen: good luck, godspeed, thank you. It's been a real eye-opener.

but...but...

oh man

https://www.youtube.com/watch?v=w-l5FyA3pgo

[HairyMaclairy]

45% dominance

[JayJuanGee]

Many of us also recognize that if a newbie poster here, such as yourself, has devolved into attempting to find some kind of significant meaning in an avatar, then such poster, such as yourself, is likely NOT very bright in other respects - in other words, you have revealed yourself as a corporate bearshill fuck-re-tard who likely does not recognize the value of bitcoin.

Ok there twinkle toes, you keep cheerleading for bitcoin and I'll short this bitch in to the ground hahaaaa

If you read me as cheerleading for bitcoin, then you are attempting to read way too much into what I am supposedly doing through your emotionally ladened and blinded and supposed focus on shorting.

Of course, since you are likely merely a paid corporate shill, few of us in this thread are going to actually believe that you are taking whatever hypothetical position that you are proclaiming to take... so if you were to actually take an actual financial short bitcoin position, your one way focus on down is likely not going to end too well. 

You nonsense posts kind of remind me of a few other posters from the earlier WO thread days who were preaching BIG talk shorts that they were going to make a killing on, and either those dumbass gamblers got REckt or they had to attempt to recover their bitcoin position while chasing the bitcoin train to the rocket at a significant loss when bitcoin went flying in a direction against their position (which means that bitcoin went up, and you can review past charts to verify), rather than their anticipated down.

It was not pretty, and some of them did not make it on the bitcoin train:

[JayJuanGee]

No good posting rockets while shit winds are blowing. You see? #TheShitWinds?

When the shit winds are blowing, you need to HODL on CRAEFULly.

[pacman7331]

I believe in the long term and I’m ready for another winter should that happen.  Even if a couple years is really short term....

I’m with ya. I’m never selling.
Have been experimenting with small margin trades though.

[Elwar]

Looks like we're at the bottom of the cup.

[JayJuanGee]

Down we go.

Is there still anyone out there believing we will go above 10k in the foreseeable future?

If we go below 10k again, i am not sure we'll see 5 digits again for a very long time if ever.