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

[Torque]

Hey cool kids! Create decentralized apps, launch permissioned blockchains with a single click, link permissionless ones, create cool networks of blockchain stuff, blah blah blockchain blah, blah network blah blah BLOCKCHAINZ YO!

No actual real world use cases or useful purposes needed! Apply today!

https://clovyr.io/
https://www.cnbc.com/2018/05/14/former-jpmorgan-head-of-blockchain-announces-new-start-up.html

[savetherainforest]

When police finally caught up with her, TERA's only statement was, "I got sick of the bulls."

Morning BTCitCornLand!!! Nice trap I see there!

[buyandhold]

https://blockchainhero.com/bitcoin-price-prediction-2nd-half-2018/

Wouldn't've minded commenting but too irritating to have to sign in.

[JayJuanGee]

The 8-8.2ks have not been tested and those upward squeezes looked pretty much orchestrated to me. Hundreds of shorts have been closed today. We're clearly long term bullish, but I do believe we could still bounce at 9k and hit the 8ks after Consensus (and then speed it up yo the 10ks again).

Hope for the best but stay alert

Aren't you splitting hairs when you attempt to assert that $8k to $8.2k has not been tested in recent times?

During the weekend, BTC prices dipped down within the $8,208 to $8,286 price range three times, and with decent trade volume on each downward push.

To me, those seem like tests of price support, and sufficiently close enoug to the lower $8ks to be tests of that range.

Now, sure getting to the very bottom of that range might be something that is being attempted, and could be useful in determining that prices are ready to resume the testing of upwards resistance in the $9k to $10k arena...

I doubt that it is reasonable to conclude that we are manipulated, even though there could be bearwhales who have some coins stacked up that are waiting for some stronger "down" in order to dump their coins, and pray for success.

[Toxic2040]

Cat stands with bushy tail...or..someone may have just tossed it off the roof...undecided.

#dyor

[KyleSpades]

The 8-8.2ks have not been tested and those upward squeezes looked pretty much orchestrated to me. Hundreds of shorts have been closed today. We're clearly long term bullish, but I do believe we could still bounce at 9k and hit the 8ks after Consensus (and then speed it up yo the 10ks again).

Hope for the best but stay alert

Aren't you splitting hairs when you attempt to assert that $8k to $8.2k has not been tested in recent times?

During the weekend, BTC prices dipped down within the $8,208 to $8,286 price range three times, and with decent trade volume on each downward push.

To me, those seem like tests of price support, and sufficiently close enoug to the lower $8ks to be tests of that range.

Now, sure getting to the very bottom of that range might be something that is being attempted, and could be useful in determining that prices are ready to resume the testing of upwards resistance in the $9k to $10k arena...

I doubt that it is reasonable to conclude that we are manipulated, even though there could be bearwhales who have some coins stacked up that are waiting for some stronger "down" in order to dump their coins, and pray for success.

I see what you mean. I believe we're looking at the movements from different perspectives. Even though we reached for the 8.22k during the last few days, the market was showing even stronger (at least in my opinion) bearish signals until that 450 USD squeeze from earlier today. We were trading sideways with weak bull flags being broken every few hours and we had just broken out of a strong descending channel. The volume was rather low and there wasn't a lot of gas (again, from what I could see) to start another bull run. That's why 450 USD in roughly 10 minutes didn't seem natural.

But I can't really see what's gonna happen next, I keep changing from short term bearish to bullish every 30 minutes through the past 10 hours...

[bitserve]

Good morning Jimbo.

How much for those properties if you don't mind to tell? Just curious...

The first one was a 60% stake in a 50 meter x 50 meter property including the main house, cookhouse, composting outhouse and 2 wells, one dug and one drilled. There is an additional smaller house that the original owner moved into. It has 110v electricity, intermittent town water and is just barely within town limits of a village of less than 1000 people on a gravel road. It cost me about $15kCAD, one third debt repayment, one third cash, and one third Bitcoin.

The other is a raw jungle lot with 30 meters frontage on an unnamed mud road, 15 meters deep. It is currently unserviced but I should have water by next fall and hopefully power within the year once it has electricity it will be within town limits. Both my neighbors have already offered to buy the property from me. It cost me $3.1kCAD cash.

Thanks for the detailed reply. It is always surprising what the same amount of money can afford in different parts of the world... Or less than 2 BTC if we use Bitcoin as measure in this case.

[Anon136]

the people opening the eyes and see the bitcoin is the biggest world reserve of value more and more superior of gold

I disagree. As a reserve asset bitcoin is totally outclassed by gold. Gold is more stable, has a longer history, is more trustworthy (as in maybe bitcoin is flawed or picked bad parameters or maybe it will get owned by quantum computers ect...) and is less arbitrary (there are hundreds of altcoins that aren't fundamentally inferior to bitcoin in any way except for bitcoins network effect). Gold on the other hand is totally outclassed by bitcoin as a value transfer and speculation vehicle.

[jojo69]

also. with bitcoin, you can't build little stonehenges with it

big minus right there

[Toxic2040]

Crossing indicators on the 1 hour. I think we will be testing 9k sooner rather than later.


The same battle is taking place on the daily. A crossing of the trailing MA would indicate a more bullish pattern. Regardless...I think the time for this price range is rapidly closing.

#btfd  #dyor

[JayJuanGee]

Crossing indicators on the 1 hour. I think we will be testing 9k sooner rather than later.

$9k seems such a low target, and seems to sadden me muchie.

[bitserve]

Crossing indicators on the 1 hour. I think we will be testing 9k sooner rather than later.

$9k seems such a low target, and seems to sadden me muchie.

Yeah, it is so sad we are only 4x the price we were exactly one FULL year ago....

In fact I am really somewhat sad.... weird.

[motoprose]

Crossing indicators on the 1 hour. I think we will be testing 9k sooner rather than later.

$9k seems such a low target, and seems to sadden me muchie.

Watching the price for the past 10 minutes and it has been dropping $2 every time I wipe away a tear.

[Anon136]

Crossing indicators on the 1 hour. I think we will be testing 9k sooner rather than later.


The same battle is taking place on the daily. A crossing of the trailing MA would indicate a more bullish pattern. Regardless...I think the time for this price range is rapidly closing.

#btfd  #dyor

Good...... but needs more rockets, moons, and Vegetas...

[Neo_Coin]

 

[Neo_Coin]

[explorer]

also. with bitcoin, you can't build little stonehenges with it

big minus right there

Ah, but you can build BIG stonehenges with it! just plant them and wait...

[Phil_S]

Well that was a big squeeze a 400$ increase in just 15 minutes shows signs of Bitcoin's strength and its bulls are showing that they are no pushover when it comes to price action. 9,000$- 9,200$ is the next target if we have stayed above 8,800 to confirm that we broke it. The bull flag is looking good and reaching that target has a high chance because of the increasing volume as well.  If the RSI on the daily trend will hit double bottom in 40 this will confirm BTC is going on the bullish side.

Ranging between the daily 50 MA and 200 MA is just noise. Your confirmation is daily price breaking through the 200 MA, testing and holding.

Both daily 50 MA and 200 MA seems to be rising, next week 50MA will be around $8500 and 200MA will be $10300.

Maybe the price will bounce between $9000 and $10000 for a while...

[Robin,Hood]

Well that was a big squeeze a 400$ increase in just 15 minutes shows signs of Bitcoin's strength and its bulls are showing that they are no pushover when it comes to price action. 9,000$- 9,200$ is the next target if we have stayed above 8,800 to confirm that we broke it. The bull flag is looking good and reaching that target has a high chance because of the increasing volume as well.  If the RSI on the daily trend will hit double bottom in 40 this will confirm BTC is going on the bullish side.

Ranging between the daily 50 MA and 200 MA is just noise. Your confirmation is daily price breaking through the 200 MA, testing and holding.

Both daily 50 MA and 200 MA seems to be rising, next week 50MA will be around $8500 and 200MA will be $10300.

Maybe the price will bounce between $9000 and $10000 for a while...

Oh no stable price for a some time, doom

[greensheep]

Did the coincensus already start? 

Yep, and it has started with the most remarkable moment in Bitcoin so far.

--Bankers know the revolution is coming--

well that escalated quickly