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

[windjc]

I think the pain is just beginning.

Theymos says 3 grand. I'm betting on 3 grand. Sad but true.

Thermos doesn’t exactly have a strong track record of market calls.

Everyone is saying $3000. $3000 is the new $99. 

It could go to $3000. But this rise was in slow motion and a full on bear market would be too. Expect 3-4 years if we are going to $3000.

[jojo69]

three thousand dollars

wow

that's like over 2 ounces of gold...crazy

[Rosewater Foundation]

I think the pain is just beginning.

Theymos says 3 grand. I'm betting on 3 grand. Sad but true.

Thermos doesn’t exactly have a strong track record of market calls.

Everyone is saying $3000. $3000 is the new $99. 

It could go to $3000. But this rise was in slow motion and a full on bear market would be too. Expect 3-4 years if we are going to $3000.

I don't expect it to happen overnight..

[windjc]

I think the pain is just beginning.

Theymos says 3 grand. I'm betting on 3 grand. Sad but true.

Thermos doesn’t exactly have a strong track record of market calls.

Everyone is saying $3000. $3000 is the new $99. 

It could go to $3000. But this rise was in slow motion and a full on bear market would be too. Expect 3-4 years if we are going to $3000.

I don't expect it to happen overnight..

Expect 3-4 years.

[Rosewater Foundation]

three thousand dollars

wow

that's like over 2 ounces of gold...crazy

You seem pretty content with this arrangement. What's your secret?
Is it booze? (Tell me it's booze.)

[windjc]

The other option is that bears once again fail at lower lows and/ or we triple bottom and make it to late August by which time all the negative indicators will have flattened out and we start a slow trek out of this area.

[Toxic2040]

I think the pain is just beginning.

And here I thought I was a waffler..      That was less than a hour for a 180...   Thats pretty good even for WO standards.  /s

Theymos says 3 grand. I'm betting on 3 grand. Sad but true.

Fine...I'll loan you one of the Mayor's pair of pants..   fml..never going to hear the end of this..

Not going to happen...period. I honestly think we are going to test 6.5...maybe even 6k to close out that bet but not right now..maybe after the 24th of July and into August there will be another dip.  But I am telling you now..if it drops below 5k you will see some very large moves happen very fast. So it would be short lived imho with a epic snap back.

The Wall... it calls us. The asks are looking a little sloppy gentlemen...dress those lines!

[jojo69]

three thousand dollars

wow

that's like over 2 ounces of gold...crazy

You seem pretty content with this arrangement. What's your secret?
Is it booze? (Tell me it's booze.)

I already wrote off bitcoin once, all this multi thousand stuff is pure dream gravy

[windjc]

three thousand dollars

wow

that's like over 2 ounces of gold...crazy

You seem pretty content with this arrangement. What's your secret?
Is it booze? (Tell me it's booze.)

I already wrote off bitcoin once, all this multi thousand stuff is pure dream gravy

Tell that to my bank account and two new homes.

[mymenace]

I think the pain is just beginning.

And here I thought I was a waffler..     That was less than a hour for a 180...   Thats pretty good even for WO standards.  /s

Theymos says 3 grand. I'm betting on 3 grand. Sad but true.

Fine...I'll loan you one of the Mayor's pair of pants..   fml..never going to hear the end of this..

Not going to happen...period. I honestly think we are going to test 6.5...maybe even 6k to close out that bet but not right now..maybe after the 24th of July and into August there will be another dip.  But I am telling you now..if it drops below 5k you will see some very large moves happen very fast. So it would be short lived imho with a epic snap back.

The Wall... it calls us. The asks are looking a little sloppy gentlemen...dress those lines!

The wall observer thread luvs discussion on walls

See the big red wall

we loved seeing this fake stuff

we would rally round and set our buy prices for the inevitable bottom testing

then chew chew chew those coins

[windjc]

I think the pain is just beginning.

And here I thought I was a waffler..     That was less than a hour for a 180...   Thats pretty good even for WO standards.  /s

Theymos says 3 grand. I'm betting on 3 grand. Sad but true.

Fine...I'll loan you one of the Mayor's pair of pants..   fml..never going to hear the end of this..

Not going to happen...period. I honestly think we are going to test 6.5...maybe even 6k to close out that bet but not right now..maybe after the 24th of July and into August there will be another dip.  But I am telling you now..if it drops below 5k you will see some very large moves happen very fast. So it would be short lived imho with a epic snap back.

The Wall... it calls us. The asks are looking a little sloppy gentlemen...dress those lines!

The wall observer thread luvs discussion on walls

See the big red wall

we loved seeing this fake stuff

we would rally round and set our buy prices for the inevitable bottom testing

then chew chew chew those coins

I don’t see any walls. I guess a few hundred coins is a wall these days. In my day 30k coins was a wall.

[mymenace]

I think the pain is just beginning.

And here I thought I was a waffler..     That was less than a hour for a 180...   Thats pretty good even for WO standards.  /s

Theymos says 3 grand. I'm betting on 3 grand. Sad but true.

Fine...I'll loan you one of the Mayor's pair of pants..   fml..never going to hear the end of this..

Not going to happen...period. I honestly think we are going to test 6.5...maybe even 6k to close out that bet but not right now..maybe after the 24th of July and into August there will be another dip.  But I am telling you now..if it drops below 5k you will see some very large moves happen very fast. So it would be short lived imho with a epic snap back.

The Wall... it calls us. The asks are looking a little sloppy gentlemen...dress those lines!

The wall observer thread luvs discussion on walls

See the big red wall

we loved seeing this fake stuff

we would rally round and set our buy prices for the inevitable bottom testing

then chew chew chew those coins

I don’t see any walls. I guess a few hundred coins is a wall these days. In my day 30k coins was a wall.

In ur day 30k coins was 30k in fiat,

cheeky dig
sorry but let your self open no animosity intended, cheers


I agree not much in coins for a wall and nothing like the previous years

[JayJuanGee]

[edited out]

The wall observer thread luvs discussion on walls

See the big red wall

we loved seeing this fake stuff

we would rally round and set our buy prices for the inevitable bottom testing

then chew chew chew those coins

I don’t see any walls. I guess a few hundred coins is a wall these days. In my day 30k coins was a wall.

Tera, is that you?  

[windjc]

I think the pain is just beginning.

And here I thought I was a waffler..     That was less than a hour for a 180...   Thats pretty good even for WO standards.  /s

Theymos says 3 grand. I'm betting on 3 grand. Sad but true.

Fine...I'll loan you one of the Mayor's pair of pants..   fml..never going to hear the end of this..

Not going to happen...period. I honestly think we are going to test 6.5...maybe even 6k to close out that bet but not right now..maybe after the 24th of July and into August there will be another dip.  But I am telling you now..if it drops below 5k you will see some very large moves happen very fast. So it would be short lived imho with a epic snap back.

The Wall... it calls us. The asks are looking a little sloppy gentlemen...dress those lines!

The wall observer thread luvs discussion on walls

See the big red wall

we loved seeing this fake stuff

we would rally round and set our buy prices for the inevitable bottom testing

then chew chew chew those coins

I don’t see any walls. I guess a few hundred coins is a wall these days. In my day 30k coins was a wall.

In ur day 30k coins was 30k in fiat,

cheeky dig
sorry but let your self open no animosity intended, cheers


I agree not much in coins for a wall and nothing like the previous years

I remember one particular 30k wall at $300.

[Robin,Hood]

........................

I remember one particular 30k wall at $300.

Why so, because it was fake and got pulled.

[windjc]

........................

I remember one particular 30k wall at $300.

Why so, because it was fake and got pulled.

It was real and got eaten. Search:   Bearwhale

[Toxic2040]

I don’t see any walls. I guess a few hundred coins is a wall these days. In my day 30k coins was a wall.

In ur day 30k coins was 30k in fiat,

cheeky dig
sorry but let your self open no animosity intended, cheers

I agree not much in coins for a wall and nothing like the previous years

I remember one particular 30k wall at $300.

Define irony..  1k coin on a few key exchanges and you have a pretty strong position these days. Pre-2013 that wasn't enough to irritate a small dolphin. If the bearwhale was frolicking today as of old, a sneeze from that beast would have most of you on your knees begging for mercy. Some of those 20k coin moves back then where just epic to behold.. 


--------
Daily long lens


This weekend will set the rest of the summer up..have to see how the potential upcoming dip is handled. That spike jutting out of the cloud has been there for quite awhile indicating a fairly well established move. Hopefully this sell off we have experienced has accounted for most of that all ready so to speak.
Couple key dates to keep in mind. Mid July historically seems to contain a upwards spike followed by a slight draw down into late August. August to September is a possible indicated date for releasing more of the MtGox coins. Hopefully they have found some OTC buyers for most of what is planned on being released. I do think letting some go on the open market(i.e. exchanges) might possible help with the distribution of coins. Not completely convinced of that however. The dip on the end with the elegantly drawn question mark is trying to show that potential. Regardless, the last quarter of 2018 should produce some very nice days of upward movement. #dyor

[mymenace]

I don’t see any walls. I guess a few hundred coins is a wall these days. In my day 30k coins was a wall.

In ur day 30k coins was 30k in fiat,

cheeky dig
sorry but let your self open no animosity intended, cheers

I agree not much in coins for a wall and nothing like the previous years

I remember one particular 30k wall at $300.

Define irony..  1k coin on a few key exchanges and you have a pretty strong position these days. Pre-2013 that wasn't enough to irritate a small dolphin. If the bearwhale was frolicking today as of old, a sneeze from that beast would have most of you on your knees begging for mercy. Some of those 20k coin moves back then where just epic to behold..  


--------
Daily long lens


This weekend will set the rest of the summer up..have to see how the potential upcoming dip is handled. That spike jutting out of the cloud has been there for quite awhile indicating a fairly well established move. Hopefully this sell off we have experienced has accounted for most of that all ready so to speak.
Couple key dates to keep in mind. Mid July historically seems to contain a upwards spike followed by a slight draw down into late August. August to September is a possible indicated date for releasing more of the MtGox coins. Hopefully they have found some OTC buyers for most of what is planned on being released. I do think letting some go on the open market(i.e. exchanges) might possible help with the distribution of coins. Not completely convinced of that however. The dip on the end with the elegantly drawn question mark is trying to show that potential. Regardless, the last quarter of 2018 should produce some very nice days of upward movement. #dyor

Define irony..  1k coin on a few key exchanges and you have a pretty strong position these days. Pre-2013 that wasn't enough to irritate a small dolphin.


Hence the statement
30k coins was 30k in fiat

Now that $30000 is under 5btc coins
makes for different walls

luv the analysis

[theymos_away]

Theymos says 3 grand. I'm betting on 3 grand. Sad but true.

$3k is not impossible, but that was not my prediction. I think that:
 - The most recent crash was artificial, driven by very few whales.
 - The market has wanted badly to stabilize for a while, but keeps choosing what turns out to be a too-high price.

So I predict that the price will rise somewhat, maybe a bit above 7k, and then it will either stabilize (in BTC terms...) or *slowly* continue a downward trend. I feel that we are not too far from a sustainable longer-term price: I'd guess 5500 at the lowest. IMO 3k *could* be reached by widespread panic selling, and 1k could be reached if some shit *really* hits the fan, but I consider neither likely.

[mindrust]

Risk management.

"Have you been following your trading rules?"

Rules? What rules? Fuck the rules. Just buy the fucking dip and hodl. That's the only rule you need to know.

Fuck risk management either. I did that shit for a half decade. You don't lose but you don't gain neither. It is not fun. This time we do it right. Time to go all-in.

***
Theymos said $3k only if we follow the 2014 pattern. He didn't say it will happen. $3k is like $150-200 of 2015 though. I agree with that and I also see it is possible. It would be a life time opportunity for us all. (only if you have any FIAT at that time )