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

[BitcoinNewbie15]

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

This is very interesting, it would make sense due to all the exposure Bitcoin has seen this bubble vs all the previous bubbles. I hope this is the case, and if we are indeed forming a triple bottom this could be likely.

[JayJuanGee]

I do have a pressing question however..  I believe we need to have these particular bottoms quantified and rated from left to right..what say you gentlemen?

For me..I have to say I appreciate the one on the far right the most..  Not sure if its that smile that accompanies it or the slight knock knee'edness...

I'll take the plumpest one, on the left. 

I'm stuck with the one in the middle, since I am a slow poke.  Poor me.   

[Ludwig Von]

I do have a pressing question however..  I believe we need to have these particular bottoms quantified and rated from left to right..what say you gentlemen?

For me..I have to say I appreciate the one on the far right the most..  Not sure if its that smile that accompanies it or the slight knock knee'edness...

I'll take the plumpest one, on the left. 

I'm stuck with the one in the middle, since I am a slow poke.  Poor me.   

I think I am stuck with another one and I am going to keep the pic with me... . 

[cAPSLOCK]

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

Playing devils advocate a little.  What is exactly an "artificial" crash?

[Ibian]

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

Playing devils advocate a little.  What is exactly an "artificial" crash?

One engineered by a small group of people as opposed to the market as a whole.

[jojo69]

 Stay out of Arkansas, people. Nothing good ever comes out of Arkansas.

fucking duh


jesus

[El duderino_]

Looks like Bob left out one of hes shit kicking boots last night..  Any status reports on he's where abouts??

 Got real fucked up on screwdrivers yesterday. I think one of my drones flew off with muh boots.

 Probably somewhere over Arkansas by now.

 Not about to go fetch 'em.

 Stay out of Arkansas, people. Nothing good ever comes out of Arkansas.

Haha i had a similar time last week .... a birthday fuck up on booze happy i recoverd very well Just in time to witness dzeee DUMP and Going to start a BTC session right now let luck be on my side

[serveria.com]

Only way to win, IMO, is to HODL right now.

The only way to win is to HODL all the way up to at least $50k. At least I'm not selling a single satoshi until then.

[JayJuanGee]

A bullish recovery scenario on the weekly might look something like this all be it a bit exaggerated.
https://i.imgur.com/nvkE3Wq.jpg

I also prefer a scenario of a blend between 2013 correction and some kind of truncated 2014 move. That would indicate a 6-9 month slow period with price lingering in this zone, perhaps also lower, and an ensuing rally into 2019. So far, it is not the worst correction ever  

Who knows what to call the possible situation of a scenario that is not quite like 2013 and not quite like 2014?  Perhaps a compromise?  Perhaps a means that everyone can claim to be right or wrong?

By the way, we have already been experiencing about 3 months of BTC price bouncing largely between $6,500 and $10k, which is approximately a 50% range or 1/3 the value... In 2015, we had about 8-9 months of largely $210 to $300 - which is a very similar range over a longer period of time....

If BTC prices had recovered above $12k in March or April, then perhaps this whole consolidation may have already been over, yet competing theories might assert that the consolidation would last longer, under such a scenario. 

So, if BTC prices are currently hovering in this $6,500 to $10k range - then resistance might become stronger in the $10k area, but cause stronger support, one BTC prices return above $10k.

Surely, I have little clue as to when such a break out would occur, but I am thinking that it could take a minimum of 2 months in order to have enough strength to actually sustain a break out above $10k.

On the other hand, there continues to be a possible alt coin - shit show -  dragging down factor that brings both uncertainty and fuel for possible explosive BTC price movement in either direction.

[Last of the V8s]

[Last of the V8s]

https://www.investinblockchain.com/periodic-table-cryptocurrencies/

maxim. version:

[mOgliE]

A few years back, when ASICMiner came onto the scene hardcore, I was chatting with someone of arguable importance, and he made the point "You know, if you believe in this Bitcoin stuff, you should really spend some of it to (blah blah blah turn the wheels of the economy)..."

 Blew 300 Bitcorns on something that never materialized. Gone. Scammed.

 With the benefit of hindsight, I really should have stuck to my guns, and my gut, that were telling me "But HODLing is a good strategy too, but this dude is smart, so... fuck..."

 KnowwhatImean ?

 Sheeit.

I feel you.
When btc was not even at 400$ I took some money to buy 5 of them even though I was just a student at that time so that was a big investment for me.
Few months after I had a similar "seemgoodopportunity" and saw 4 of those 5 btc leaving me without returning ever.
If I had the guts to keep them... So yeah knowwhatyoumean

[fabiorem]

It has to be ((( them ))). Ever since ((( they ))) decided to get involved with futures shit, we've all been played like fiddles.

Only way to win, IMO, is to HODL right now.

[JayJuanGee]

best technical analysis i've ever seen

My problem with this particular TA is that it seems to show another 20% or more of DOWN.   Such assessment could end up being true, but I am more inclined to conclude that BTC prices are at or near the end of the downward loop.  Certainly, doubts can exist while BTC prices are currently testing the support at the lows of the current consolidation range.  Will support hold?  Will support hold?  I think that chances are decent that support will hold, even holding above $6500.... but I also am not so much into fantasy land to deny that I could be in a bit of a state of wishful thinking.  Yet the fact of the matter, is that no one (including whales) really knows at what price points the support is going to hold or fail to hold... even though some whales might know whether they are running out of coins to dump or if they happen to have 20k coins (or some other decently meaningful amount) that they can dump at their discretion.

[yefi]

lol props to Coinsiglieri for that 

Another one of his...

[klondike_bar]

A few years back, when ASICMiner came onto the scene hardcore, I was chatting with someone of arguable importance, and he made the point "You know, if you believe in this Bitcoin stuff, you should really spend some of it to (blah blah blah turn the wheels of the economy)..."

 Blew 300 Bitcorns on something that never materialized. Gone. Scammed.

 With the benefit of hindsight, I really should have stuck to my guns, and my gut, that were telling me "But HODLing is a good strategy too, but this dude is smart, so... fuck..."

 KnowwhatImean ?

 Sheeit.

I feel you.
When btc was not even at 400$ I took some money to buy 5 of them even though I was just a student at that time so that was a big investment for me.
Few months after I had a similar "seemgoodopportunity" and saw 4 of those 5 btc leaving me without returning ever.
If I had the guts to keep them... So yeah knowwhatyoumean

Different paths had different results. I made a killing on antminer S1 hardware (huge btc/btc gains, but in terms of fiat/fiat during 2014 it was less impressive but still a solid profit) and some well-timed GPU/ASIC purchases while $0.12/kwh was considered *cheap*.

however, i also put several bitcoins towards a K16 avalon groupbuy and got burned on 100% of that investment. Same for investing in asicminer/friedcat (hindsight, right?)

[JayJuanGee]

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. 

Hahahahahahaha

Broken record bear shills like Tera are not going to concede that they have been repeating the same bullshit since whenever they got hired to participate in these forums.  We know Tera has two user names going back to 2013 in which she has been spouting such FUDdy doom and gloom, and perhaps 2013 was when some of the bank shills and governments begun to become a bit worried about bitcoin and felt a need to put boots on the ground, including debbie downer... ?   

[infofront]

Looks like Bob left out one of hes shit kicking boots last night..  Any status reports on he's where abouts??

 Got real fucked up on screwdrivers yesterday. I think one of my drones flew off with muh boots.

 Probably somewhere over Arkansas by now.

 Not about to go fetch 'em.

 Stay out of Arkansas, people. Nothing good ever comes out of Arkansas.

Your boot and drone are filled with birdshot by now anyway.

[starmman]

Only way to win, IMO, is to HODL right now.

The only way to win is to HODL all the way up to at least $50k. At least I'm not selling a single satoshi until then.

Good luck! will be good when the price starts to recover, this week stings pretty bad =)

[Karartma1]

https://www.investinblockchain.com/periodic-table-cryptocurrencies/

maxim. version:

Great! Well done V8

By the way, sheeit. What the fuck happened. I spent one hour reading the last few pages but nobody has a clue.

Triple-Sheeit, I need a triple malt