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Question: What happens first:
$65,000 - 59 (86.8%)
$48,000 - 9 (13.2%)
Total Voters: 68

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26336580 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. (170 posts by 1 users with 9 merit deleted.)
4rt3m
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June 09, 2018, 05:48:39 PM

Quote from: Phil_S
It's pretty amazing to see a banker who experimented with bitcoin that early, when the price was ~$0,38/BTC.

More interesting that’s it’s not a regular banker, he’s a CEO of the biggest Russian government-affiliated Sberbank.
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infofront (OP)
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June 09, 2018, 05:51:26 PM



Stop me before troll side pulls me in. Someone! please trash my trading approach here/

Okay. It looks like you're trying to trade tops and bottoms, but you can't call tops and bottoms until far after the fact.
Ludwig Von
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June 09, 2018, 06:26:01 PM

Many people think that Bitcoin's price action is just pure speculation and completely disconnected from other markets, like equities, commodities, hedge markets, PMs, etc.

But if you ascribe to the notion that :

a) Bitcoin could be a safe haven hedge like PMs, and that
b) the equities market is topping and looks really strained/risky, along with
c) what is happening to the emerging markets, hyperinflation countries, and with
d) Central Banks insolvencies, the Deutsche Bank downgrade, etc.

Well then.... the Bitcoin price action over the last 2 years makes perfect sense in that context.



And soon it will make more sense... .
FractalUniverse
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June 09, 2018, 07:40:56 PM

...
Guess it depends where you draw the lines at..it looks bearish to me..upwards rising pennant.  I put the "top" line in a funny area so it looks almost bullish I suppose..   Meh..there are no flags(spoons)..remember?  Wink
im just trying to read from tea leaves. But i dont think this line will give way from here with this no volume market. I see it more likely that [if it should break down at all] it will bump or creep up slowly much higher first, and then come straight down with force-without sitting close to trendline for days.



Toxic2040
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June 09, 2018, 08:26:33 PM

im just trying to read from tea leaves. But i dont think this line will give way from here with this no volume market. I see it more likely that [if it should break down at all] it will bump or creep up slowly much higher first, and then come straight down with force-without sitting close to trendline for days.
You have tea leaves??  Shocked   Hella more than I was offered thats for sure. Use what you got.
I do believe $7kish was our bottom. I also believe it might be retested late summer at some point..but I doubt this week.
-----------

I am observing the little bastard closely..that squirrel looks like he's ready to bolt..but who knows which way. Up is looking likely to test resistance at $7.95k, support appears firm at $7.575k.
He is definitely taking a long hard look that is for sure. The trailing indicator is about to slam into the wall soon..have to see if it bends upwards or plows straight through. Do we continue to hover until the daily close for a possible doji?
Stay tuned..


#dyor #stronghands #cryptouplift #btfd
4rt3m
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June 09, 2018, 08:33:10 PM

I love this game.

El duderino_
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June 09, 2018, 08:41:02 PM
Merited by BobLawblaw (10), Paashaas (1)



ivomm
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June 09, 2018, 10:03:01 PM

^^^
Here we go again. Sooner or later SEC will give up Grin

https://www.bloomberg.com/news/articles/2018-06-06/bitcoin-etf-dreams-kept-alive-with-new-solidx-vaneck-sec-filing
infofront (OP)
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June 09, 2018, 11:03:08 PM

CFTC Comissioner Behnam:

Quote
Let me repeat that:  these currencies are not going away and they will proliferate to every economy and every part of the planet.  Some places, small economies, may become dependent on virtual assets for survival.  And, these currencies will be outside traditional monetary intermediaries, like government, banks, investors, ministries, or international organizations.

We are witnessing a technological revolution.  Perhaps we are witnessing a modern miracle.
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June 10, 2018, 12:20:30 AM
Merited by BobLawblaw (1)

Perhaps this is a good excuse to have a relapse.  Cheesy

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June 10, 2018, 12:27:57 AM

Next time someone tells you Bitcoin mining wastes too much energy, show them this:



https://twitter.com/KryptykHex/status/1005079233075515393

https://twitter.com/ArminVanBitcoin/status/1005085081046736896
Quote
Here's an updated comparison of global energy consumption.

Banking: > $1,870B
Bitcoin: ~$3.5B

Bitcoin Energy Consumption Index
https://digiconomist.net/bitcoin-energy-consumption
BTCHadzija
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June 10, 2018, 12:30:14 AM

what do you guys think which way this ascending triangle is going to break? upwards movement would pave the way to at least 9000 



Well, I got my answer

by monday at last we'll have btc at 7100, maybe even earlier and maybe even lower




protect your funds, friends Smiley
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June 10, 2018, 12:46:18 AM

I hate to be a bear...I think we have a good chance of hitting 4900 -5200 in July to August. Hopefully that would form a bottom. Again it is anyone's guess.

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June 10, 2018, 12:52:12 AM

I hate to be a bear...I think we have a good chance of hitting 4900 -5200 in July to August. Hopefully that would form a bottom. Again it is anyone's guess.



real botom is 2-2.5. Even this forum "oracle" masterluc predicted that before. The sad thing is that this level can be for a long (2-3 years) period. Sad but true.
luckygenough56
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June 10, 2018, 12:57:09 AM

there we go road to 3000, the path is open lol

rolling
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June 10, 2018, 12:57:42 AM

I hate to be a bear...I think we have a good chance of hitting 4900 -5200 in July to August. Hopefully that would form a bottom. Again it is anyone's guess.



real botom is 2-2.5. Even this forum "oracle" masterluc predicted that before. The sad thing is that this level can be for a long (2-3 years) period. Sad but true.

Hey, if there is someone left dumb enough to sell at that price, then we need to get there and get those coins bought so we can launch. I know mine aren't for sale until we are over 100k. That could take a few years but if someone wants to sell theirs for 2-2.5, then lets get there!
yefi
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June 10, 2018, 12:59:56 AM

there we go road to 3000, the path is open lol

The probability that you win micgoossens' bet is increasing, but don't get too cocky yet  Tongue
jadenunderhill
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June 10, 2018, 01:01:58 AM

I hate to be a bear...I think we have a good chance of hitting 4900 -5200 in July to August. Hopefully that would form a bottom. Again it is anyone's guess.



real botom is 2-2.5. Even this forum "oracle" masterluc predicted that before. The sad thing is that this level can be for a long (2-3 years) period. Sad but true.

Hey, if there is someone left dumb enough to sell at that price, then we need to get there and get those coins bought so we can launch. I know mine aren't for sale until we are over 100k. That could take a few years but if someone wants to sell theirs for 2-2.5, then lets get there!

Why not? If they bought them for $100-500.
luckygenough56
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June 10, 2018, 01:14:59 AM

there we go road to 3000, the path is open lol

The probability that you win micgoossens' bet is increasing, but don't get too cocky yet  Tongue

am not even in the list, i've been erased. It's rigged Smiley
bones261
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June 10, 2018, 01:17:32 AM

Good grief! We haven't even broke 7000 USD yet and here come the bears stating we are due for another 66% drop. Guess that's what all the bulls get for predicting the moon shot is just a heartbeat away.
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