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Question: May 18 Bitcoin Closing Price (Stamp):
$0 - 1 (0.7%)
<$5,000 - 7 (4.6%)
$5,000-$5,500 - 2 (1.3%)
$5,500-$6,000 - 0 (0%)
$6,000-$6,500 - 5 (3.3%)
$6,500-$7,000 - 15 (9.9%)
$7,000-$7,500 - 17 (11.2%)
$7,500-$8,000 - 24 (15.8%)
$8,000-$8,500 - 19 (12.5%)
$8,500-$9,000 - 15 (9.9%)
$9,000-$9,500 - 10 (6.6%)
$9,500-$10,000 - 7 (4.6%)
$10,000-$20,000 - 16 (10.5%)
>$20,000 - 14 (9.2%)
Total Voters: 152

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21168265 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (23 posts by 12 users deleted.)
hodl_2015
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May 12, 2018, 04:15:44 PM

They say sell in May and go away. I bought (quite a lot) and I am here to stay: always the sum I am not afraid to lose. We will see how this unfolds: still bullish
I panic-bought TFD at $8340 so I can sleep better this weekend. Not that it matters a year from now.
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FractalUniverse
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May 12, 2018, 04:35:51 PM

Looks like a whale wanted to buy below the 50 day. Bull flag now up?

[IMG]http://i63.tinypic.com/dcc8hw.png

Bear flag to bull flag?
my bet [and buy orders] is that they want to push it below 8k with great force, so they can scare weak holders and trigger + harvest occasional margin calls.
but i have already bought few so going up from here would not leave me entirely bitcoinless Cheesy
podyx
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May 12, 2018, 04:48:42 PM

Why are we still bleeding so badly? What's going on?
Raja_MBZ
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May 12, 2018, 04:52:39 PM
Merited by JayJuanGee (1)

Why are we still bleeding so badly? What's going on?

Re-quoting for ya:

When a legendary speaks like a coward...

...and BTW, the last time you spoke like that was on 6th February (seconds before the pump), so I'm taking your this comment as a signal of the next big pump. Smiley

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May 12, 2018, 05:12:58 PM

I'm taking your this comment as a signal of the next big pump. Smiley

We are still in the many x thousands and people complain  Huh

I am having the best times of my life....  Cool
Agapios
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May 12, 2018, 05:21:51 PM

Is there anyone who think that big fee was one of the most important thing that made bitcoin what it is now? And now fee aint so big like it was.

If people resell some product from  person a, b, c, d .......i, and if fee is 1% then passing through 10 people price go up for 11% WITHOUT any external effect that would make price rise (or drop).
Imagine if there was no fee....or if fee was 1 time bigger....would shit be different?

Or let me ask you, if fee was 20% bigger (compared to current fee), you think bitcoin value would be bigger now? it would not be so a lot bigger that people would from start say "i gona gona stay away from this stuff, its to big fee", but all transactions would raise price

Problem happened when altcoins market % started to rise (but bitcoin was already high at that point) and there was to much of disscusion regarding fee.

I think big fee made bitcoin what it is.


4rt3m
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May 12, 2018, 05:57:55 PM

IT'S OVER 3000!

https://coinatmradar.com
LFC_Bitcoin
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May 12, 2018, 06:08:18 PM

Why are we still bleeding so badly? What's going on?

Re-quoting for ya:

When a legendary speaks like a coward...

...and BTW, the last time you spoke like that was on 6th February (seconds before the pump), so I'm taking your this comment as a signal of the next big pump. Smiley



Don’t know why supposedly experienced posters start flapping like a little bitch when the price goes down a bit. We’ve fallen about $1,000 & people are acting like the sky is falling in.

 
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May 12, 2018, 06:20:55 PM
Merited by LFC_Bitcoin (1)



Don’t know why supposedly experienced posters start flapping like a little bitch when the price goes down a bit. We’ve fallen about $1,000 & people are acting like the sky is falling in.

 

This is that last dip before the next/last big bull trap. I believe July-Aug to be the big run to 13K+. But I am only right 53% of the time, slightly better than a coin flip.
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May 12, 2018, 06:30:26 PM



Don’t know why supposedly experienced posters start flapping like a little bitch when the price goes down a bit. We’ve fallen about $1,000 & people are acting like the sky is falling in.

 

This is that last dip before the next/last big bull trap. I believe July-Aug to be the big run to 13K+. But I am only right 53% of the time, slightly better than a coin flip.

That's a 6% edge! That's a better edge than the casino has on American roulette.
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May 12, 2018, 07:25:30 PM



jojo69
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no FOMO


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May 12, 2018, 07:30:54 PM


good link, thank you
marky89
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May 12, 2018, 07:34:24 PM

Seems like we could get a legit bounce from the look of the hourly. Coincides with the 50MA tap on the daily too. All in all, the higher time frames look like shit though. I'm preparing for a hibernation period.
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May 12, 2018, 07:58:38 PM
Last edit: May 12, 2018, 09:01:02 PM by RewFrew

The 8250$ support is holding for now.

Hope no new fud happends the next weeks.

Some big altcoins are moving strongly the last 24, thats means the big whales already bought bitcoin yesterday at the button and then bought some big altcoins for another Altcoins rally.
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May 12, 2018, 09:35:39 PM


With a +7-10% buy premium, people will never use them though.
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May 12, 2018, 09:39:52 PM




 Normal life for traders
4rt3m
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May 12, 2018, 09:40:00 PM

Did anyone mention that Huawei ($6B Chinese mobile phone company) announced that they will add Bitcoin wallet to their marketplace? It's a big news for Chinese market and future mass-adoption.

https://usethebitcoin.com/giant-mobile-company-huawei-releases-bitcoin-wallet-in-app-store/

With a +7-10% buy premium, people will never use them though.

Good point, but how it's number increase?
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May 12, 2018, 09:41:13 PM


With a +7-10% buy premium, people will never use them though.

actually, I think I'm going to drive over and dump a C note in one just to check it out
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How much alt coin diversification is needed? 0%?


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May 12, 2018, 09:45:40 PM

Ever since the Death Cross late March bitcoin price has found resistance at the daily 200 MA. We are in a bear market until price breaks through the 200 MA. Also testing the 50 MA right now: if 50 MA does not hold next resistance range is $6400 - $7300.



Best case scenario IMO is we are range bound between the 50 and 200 MA until one or the other is breached.

I appreciate your discussion of recent resistance at the 200 day MA, which in accordance with your chart, seems to have been tested and held on three occasions since late March.  And in the past 24 hours support at the 50 day MA seems to have been tested and so far held.

It seems likely that you are concluding that BTC is in a bear market from other data - besides those shorter-term points that have been broken through several times in the past 4 months - and yes, I see that you seem to be focusing a bit more on the period of time once the 50 day MA moved below the 200 day MA.

Even though I frequently witness what I perceive to be these kinds of pre-mature (and perhaps too much TA reliant) assessments that BTC is in a bear market, I am NOT sure how anyone can really be confidently arriving at such conclusions because the actual conclusion of a "bear market" would be more than a couple of quarters of downward BTC price performance besides just trying to pigeon-hole bitcoin into traditional assessments or implying that BTC is the same as other assets and even downplaying fundamentals that show BTC to have unique paradigm shifting components. 

Furthermore, it took BTC more than 2 years to go from its $250-ish foundation to its $19,666 price peak, so it would also seem likely that we should be considering some longer term trends, rather than seemingly prematurely pigeon-holing BTC's current overall market posture as "bear market."

In other words, how come I get a bit perturbed by seemingly smart peeps wanting to prematurely conclude and define BTC as a bear market, when the data seems to not be in yet. 

Sure as fuck, down the road, these "bear market" labels could end up being correct, and sure as fuck, individually, you are able to make market bets in accordance with your tentative (and seemingly premature) assessments about a BTC being in the beginning of a bear market, but the actual BTC market performance is not seeming to meet a reasonable bear market definition merely because there has been a bit more than 4 month downward price performance, and merely because the 50 day MA has moved below the 200 day MA - from a bit of a steamy top up to $19,666. 

At the risk of repeating my selfie, I just don't buy these kinds of seemly premature bear market conclusions, unless perhaps we witness another 3-4 months of such downward BTC price performance, then I might, perhaps, begin to grant such possible assessments. 

In other words, a relatively long downward BTC price correction (of a bit over 4 months) does not seem to take BTC out of a bull market and put it in a bear market... even though it may be a bit much to conclude that BTC remains in a bull market, too, and to me, it seems almost equally wishful and premature to be coming to such bear market conclusion as it would be to be concluding bull market from looking at longer trends - in other words, the jury remains out, even if you want to make your BTC price bets towards downward price movements and you somehow believe that overall down is more likely than up, which I guess would be part of any trader's practical application of coming to such "bear market" conclusion, which seems like it has a decent chance of getting rekt to place too high percentages on such downwards presumptions.. when the odds of the bottom being in might be close to as likely as betting on continued downwards?

 Another possible assessment of current BTC market dynamics, would be to don't do (or conclude) anything until there is a decently sized break one way or another, which might require a considerable amount of movement passed either the 50 day MA on the downside or the 200 day MA on the upside.
Ludwig Von
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May 12, 2018, 09:48:46 PM



Toxic, I love your chart efforts. They are (ch)Art. Altough mostly your optimism in the work seems a bit neglected by honeyBadger 's behaviour.  Wink
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