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

[El duderino_]

so many saying to me "better put your arm up HAHAHA..... " nocoiners offcourse LOL

[vroom]

so many saying to me "better put your arm up HAHAHA..... " nocoiners offcourse LOL

they don't know what they are talking about, stupid nocoiners

[luckygenough56]

best technical analysis i've ever seen

[TERA2]

More upward charts all the way down. Lets go.

[HairyMaclairy]

More upward charts all the way down. Lets go.

Yeah well I was waiting for a re-test of $1242 when we broke $2k.  Don’t think I am going to get it. 

[Last of the V8s]

I tend to be a perma-bear, but this most recent crash feels really artificial.

We do seem to be tracking frightfully close to the accelerated 2014 model.

There really should be no reason for 2014 to recur, since the overall situation is so immensely different, but I also can't help but see parallels. I've always thought that the upward movement after the 2015 doldrums was driven to a significant extent by the 2016 halving, though, which wouldn't apply to a time-accelerated model. And in 2013-2015 the price dropped about 83% from its ATH, which would lead to a price of about $3200 in the current situation.

Sir, when bus ticket?

I feel the price was being artificially held up for 2 months on and off after the short squeeze, then one set of accumulation bots was turned off again - for now.

[Ludwig Von]

I tend to be a perma-bear, but this most recent crash feels really artificial.

We do seem to be tracking frightfully close to the accelerated 2014 model.

There really should be no reason for 2014 to recur, since the overall situation is so immensely different, but I also can't help but see parallels. I've always thought that the upward movement after the 2015 doldrums was driven to a significant extent by the 2016 halving, though, which wouldn't apply to a time-accelerated model. And in 2013-2015 the price dropped about 83% from its ATH, which would lead to a price of about $3200 in the current situation.

It is artificial. No doubt about that. And indeed it may look similar to previous episodes, but there is no causal resemblance. My idea is that the financial world has been frightened by what happened last year and knowing their
kingdom is floating on bubbles out of thin air have decided to not let that happen again. They want to prevent people moving their savings out.

Not that I think they will succeed, but it will cause some more pain for sure.

[Torque]

For the deep pockets who want to take a big long position, the tree has been shook.

It'll be shook again, possibly several times, before we move up again.

[Last of the V8s]

More upward charts all the way down. Lets go.

Hopium-induced bear song.
~

For the deep pockets who want to take a big long position, the tree has been shook.

It'll be shook again, possibly several times, before we move up again.

"several" doesn't sound too bad. I agree, soon enough they will want to let it shoot up again to take some profits.

[4rt3m]

Surprisingly I like the down moves like this, many idiots who jumped on BTC for easy money jumps out now, it's good for the community and the whole crypto ecosystem.

Also, dat TA:

[El duderino_]

[El duderino_]

^^
the moment when everybody talks about BTC and jumping on the train to make QUICK money and now don't know wtf is going on .... so many butthurts etc
yeah the world of BTC is a special place and time to live in



the bitter taste many are having this times

for the rest i keep thinking 1BTC stays 1BTC , but i do like those ATH break throughs

[markj113]

Surprisingly I like the down moves like this, many idiots who jumped on BTC for easy money jumps out now, it's good for the community and the whole crypto ecosystem.

So new investors jumping back out is good for the community?

I would have thought its a big negative for mainstream adoption, but there is never bad news in crypto right.

Price goes up then everyone jumps on the "to the moon" club.

Price dumps then everyone jumps on the "buy the dip, buy now or regret it, never be this cheap again" club

[4rt3m]

Surprisingly I like the down moves like this, many idiots who jumped on BTC for easy money jumps out now, it's good for the community and the whole crypto ecosystem.

So new investors jumping back out is good for the community?

They're not investors at all, they don't interested in technology and don't plan to use BTC in payments and somewhere else. Basically, they're the worst type of holders, who're ready to sell it at any moment. I know that folks there don't like alt coins, but they give a great liquidity to Bitcoin, people who diversify their portfolio with alternate cryptocurrency to increase their deposit in BTC at the end point is the best investors at the market right now.

[jbreher]

Price goes up then everyone jumps on the "to the moon" club.

Price dumps then everyone jumps on the "buy the dip, buy now or regret it, never be this cheap again" club

Well sure, when you say it like that, it doesn't sound very good.

But the reality is that in this crazy Bitcoin world, that has been a winning strategy.

Funny.

[markj113]

They're not investors at all, they don't interested in technology and don't plan to use BTC in payments and somewhere else. Basically, they're the worst type of holders, who're ready to sell it at any moment. I know that folks there don't like alt coins, but they give a great liquidity to Bitcoin, people who diversify their portfolio with alternate cryptocurrency to increase their deposit in BTC at the end point is the best investors at the market right now.

People that invest in the markets are not interested in the companies just the return on their investment.

For bitcoin to grow and achieve mass adoption a small group of fan boys isnt going to cut it and you need large inflows of cash.

[realr0ach]

More upward charts all the way down. Lets go.

All indicators failing, shifting to militant arab groundhog indicator:

[Rosewater Foundation]

a price of about $3200 in the current situation.

Biggest pump and dump in history. Thanks, Wall street. 

[TERA2]

[vapourminer]

My retirement went from living on the beach in Tahiti with the price over $10k. Then living in Thailand under 10k. Now I'm on a ratty old bus on my way to Cambodia.

Not many countries cheaper than Cambodia. Please don't drop any further.

living in cardboard boxes under bridges is popular here in the USA. might work in Cambodia too.