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

[Anon136]

I will just leave this here:

https://www.youtube.com/watch?v=xdOt7UUAPiQ

 

We need to see >7000 for this to apply.

[Elwar]

I will just leave this here:

https://www.youtube.com/watch?v=xdOt7UUAPiQ

 

We need to see >7000 for this to apply.

We already saw that it was a false breakout. It dipped below just enough time to wait for the big sell-off but people didn't bite.

Definitely bullish.

[Karartma1]

I usually buy %10 of my monthly wage but sometimes more. I'd never measure the minimum though. Even I have 1$ I can buy BTC.

That never changed much for me.
Buying all the way up since 2014

I mean if you got Bitcoin right (i.e. you know its monetary policy, how new coins are created, how to store your funds...) what's the problem holding? I've always been here for the long run.

A piece of history for the Real r0ach, when he was talking about missing trains.....

Well, six months ago 68% of the coins were already mined.  Why wasn't the price ~$340 back then? 

Didn't investor know then that, within six months, 70% of the coins would be mined?

Easy, because everyone wants to buy "at the bottom", so the bottom comes and sits there for an entire year while they look at the screen and say, "hmm seems pretty stable here, looks like the bottom is in, but I think i'll wait and see if there's a flash crash, then I'll buy some then".  Then the train starts to leave without them and they realize they're a fucking idiot.

That and shorters are good at keeping the price from moving...until they fail and lose everything:

[JayJuanGee]

Looks like "they" really planned everything very well all over again.

So, in other words, "Next stop, Moon !" ?

Not sure. Last time I thought we won´t see 1200 ever again. This time I think we won´t see 20k ever again. Lets hope I´m wrong again 

Personally, I think that the odds are greater than 50% that you are wrong again.

[eth9888]

CRAB-17, Bogdanoff Twins top secret plans for Bitcoin. (LEAKED)



https://www.tradingview.com/chart/BLX/KcRGLOaZ-CRAB-17-Bogdanoff-Twins-top-secret-plans-for-Bitcoin-LEAKED/

keep dreaming or... look at the graph upside down.

[TERA2]

Summary of every recent bull chart.

[Elwar]

Summary of every recent bull chart.

Seems legit.

[mindrust]

Cheap coins weeee just bought some more. Thank me for letting you know. No problem.

They said btc is backed by nothingness and here i am. I am backing it.  

Or... am i nothing?

[Phil_S]

$6144 two part betting game.

A) When will $6144 be broken on the way down.

B) When will $6144 be broken back on the way up.

June 8

for both

You were pretty close, jojo. Happened on June 13, for both.

OK, enough of that... Let's go back to $7000, shall we...

[Majormax]

entry point from 5000/6000 for push to 19000 was always institutional investors


The game they played back down to 6000 (got caught out with some pump) back down again and now their last ditch effort to drop the price as low as possible for their friends

We the adopters can now dump on institutional investors

Thats similar to the way I see it, but my price points are a little different.

It is obvious that the peak of $19k coincided with the opening of CME and CBOT futures, very obvious even at the time.


In Sep 2017, Jamie Dimon made his famous, ham-fisted attack, and caused a brief blip to $2500, providing a solid floor. The price quickly rebounded to over $3000, and the Futures listings were announced soon after that. The run up from $3500 to $19000 took a mere 10 weeks, and that is the froth that needs to be cleared before a new bull phase has a chance to begin.


Those are the support levels I have quoted in my posts, and the faster the price gets there the better. Problem is it seems like its playing out into a long slow bear market, which at this rate, will take a year or two to bottom.

[Majormax]

Good morning Bitcoinland.

Would you look at that... the price dips back to where it was yesterday and people are running around like chickens with their heads cut off calling for $3k.

Meanwhile we're well ahead of where we were in November, barely half a year ago... currently $6789USD/$88116CAD (Bitcoinaverage).

It wasn't much more than a year ago when gold ounce parity was the holy grail. Now a bitcoin is still worth over a quarter pound of the shiny stuff used to electroplate contacts.

Give your heads a shake.

They need to see the bigger picture 

Agree.  However, I think many posters are short term traders, and trying to guess the next few weeks moves (or even days).

[windjc]

entry point from 5000/6000 for push to 19000 was always institutional investors


The game they played back down to 6000 (got caught out with some pump) back down again and now their last ditch effort to drop the price as low as possible for their friends

We the adopters can now dump on institutional investors

Thats similar to the way I see it, but my price points are a little different.

It is obvious that the peak of $19k coincided with the opening of CME and CBOT futures, very obvious even at the time.


In Sep 2017, Jamie Dimon made his famous, ham-fisted attack, and caused a brief blip to $2500, providing a solid floor. The price quickly rebounded to over $3000, and the Futures listings were announced soon after that. The run up from $3500 to $19000 took a mere 10 weeks, and that is the froth that needs to be cleared before a new bull phase has a chance to begin.


Those are the support levels I have quoted in my posts, and the faster the price gets there the better. Problem is it seems like its playing out into a long slow bear market, which at this rate, will take a year or two to bottom.

The log trend lines will hold above $4k.  Those have never broken.

[Majormax]

The log trend lines will hold above $4k.  Those have never broken.

If the 4k were to break (decisively) , would that be a sell signal ?

[windjc]

The log trend lines will hold above $4k.  Those have never broken.

If the 4k were to break (decisively) , would that be a sell signal ?

It would mean the exponential trend is over. Read what you will in those tea leaves.

[Majormax]

The log trend lines will hold above $4k.  Those have never broken.

If the 4k were to break (decisively) , would that be a sell signal ?

It would mean the exponential trend is over. Read what you will in those tea leaves.

Fair enough. I am not using the chart that way, but rather trying to determine objective support levels. My assumption is that the long trend is in place until my support levels are broken. Those levels I have stated (with reasons) in the previous posts.

There are many ways to look at this.

[FractalUniverse]

The lower it gets, the more bitcoins will be removed from market by long term holders' buying spree.
I would use such opportunity for sure. if it should get below 4-3-2 or even 1k as some pple here predict, Id probably raid my entire bank account ant put it all into bitcoin.

[LFC_Bitcoin]

The lower it gets, the more bitcoins will be removed from market by long term holders' buying spree.
I would use such opportunity for sure. if it should get below 4-3-2 or even 1k as some pple here predict, Id probably raid my entire bank account ant put it all into bitcoin.

If it ever went below $2,000 then definitely, you’d be almost guaranteed to at least double your money, I’d imagine pretty quickly.

Test of $6,000 held though any way. Do we think the bottom is in or will there be a lower low?

[El duderino_]

The lower it gets, the more bitcoins will be removed from market by long term holders' buying spree.
I would use such opportunity for sure. if it should get below 4-3-2 or even 1k as some pple here predict, Id probably raid my entire bank account ant put it all into bitcoin.

If it ever went below $2,000 then definitely, you’d be almost guaranteed to at least double your money, I’d imagine pretty quickly.

Test of $6,000 held though any way. Do we think the bottom is in or will there be a lower low?

[Cryptodaddy05]

I will just leave this here:

https://www.youtube.com/watch?v=xdOt7UUAPiQ

 

Interesting video from a YouTube channel I follow. Funny enough we’re at $6.5K today which is the key support level mentioned in the video, and let’s see if it breaks below this due to bot or institutional pressure or whatever and then hopefully bounces up as a False Breakout like Alessio explained. I still think the long-term exponential growth line of BTC from 2011-2018 is intact, and that’s what I’ll be basing my investing on! Long live the King!

[mindrust]

I will just leave this here:

https://www.youtube.com/watch?v=xdOt7UUAPiQ

 

Interesting video from a YouTube channel I follow. Funny enough we’re at $6.5K today which is the key support level mentioned in the video, and let’s see if it breaks below this due to bot or institutional pressure or whatever and then hopefully bounces up as a False Breakout like Alessio explained. I still think the long-term exponential growth line of BTC from 2011-2018 is intact, and that’s what I’ll be basing my investing on! Long live the King!

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