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

[elrippos friend]

Good morning,

wow, what a drop over night 

[becoin]

BITMEX is scam.
Move your BTC away from bitmex.
Let bitmex die.

or else BTC will.

They cant make fake BTC so how can they kill BTC?

By making unlimited amount of fake $$$ and piling them up on the leveraged side. With "leverage" you can sell something you don't have. You can sell bitcoins without having a single bitcoin. Fortunately, the $ is losing value much faster in terms of real assets than bitcoin is losing value in terms of $$$ during last year. And that speaks volumes who is the winner.

[mike4001_]

Should I start swing-trading?

How many times did we now exceed 7k for 1-2 days just to fall back to 6-6,5k ?

My next hopes are set out for the Halving in 2020 ...

[starmman]

Should I start swing-trading?

How many times did we now exceed 7k for 1-2 days just to fall back to 6-6,5k ?

My next hopes are set out for the Halving in 2020 ...

we need to break out of the cycle - I think it still may have a couple of iterations left

[El duderino_]

in the morning 7400, in the evening 6400

WITHOUT NEWS

In the evening 7400...... Just woke up @ 6400 right now 
Yeah like they say out on your seatbelt .... the take off to the man ?? I think the engine has a few problems @the moment
A few real fools are selling @ low pricess
*nut No problem all the Guy’s with there fine TA Will have the answers 

[TopTort777]

Should I start swing-trading?

How many times did we now exceed 7k for 1-2 days just to fall back to 6-6,5k ?

My next hopes are set out for the Halving in 2020 ...

we need to break out of the cycle - I think it still may have a couple of iterations left

By cycle, did you mean that cycle ?

https://twitter.com/ILOVECRYPT0/status/1037039736441982976
I think we will be back to +7k in a week.

[El duderino_]

Have I missed some major piece of news or is this more of that manipulation fuckery the voices in my head always speak of?

I have a large position, but for some reason am not worried about this? Have I gone numb? Have I actually learned something finally?!
Happy day!

Time to make that portioneren even larger if it continue dropping..... we had enough chances buying @ these pricess but if the real horror kick’s in ( 4K ish) then better got Some fiat ready

[goldkingcoiner]

Should I start swing-trading?

How many times did we now exceed 7k for 1-2 days just to fall back to 6-6,5k ?

My next hopes are set out for the Halving in 2020 ...

^dudes gunna get rekt

[El duderino_]

I don’t buy iT to be Just weak hands selling if we drop Another 800$ or So than weak hands Will be selling and the real DIP comes in play .... i would be fine to spare them and go the other way again BUT who the fuck am i 

[Taki]

Despite the market falling sharply today, I am still very bullish as regard  bitcoin price, I think recovery of the losses incurred today will be compensated before weekend

Bitcoin fell and took other coins in its grave. Eth lost almost 15% and its not few at all! The market is crazy. Who knows what what was the reason of the crash?

[lightfoot]

Annoying. Sits at 6400 for 2 weeks, climbs to 7400 in 2 weeks, falls to 6400 in 2 hours.

[LFC_Bitcoin]

Just woke up to see this shit show!

What the fuck happened AGAIN

[Icygreen]

It seems the market manipulators want you to know the price is being manipulated. Hmmmm.... Could it be that they want to scare off as many new entrants as possible while shaking out the noobs.  
How long before people or nations realize BTC is a perfectly reasonable way to control your own debt free wealth/money?
#BTFD

Edit:  This is a couple months old but I really like how Simon Dixon lays it out. His question @ 9:25 Does a monetary system based upon savings rather than debt have value?  https://www.youtube.com/watch?v=Mu_A9jZVl3k

[Totscha]

Despite the market falling sharply today, I am still very bullish as regard  bitcoin price, I think recovery of the losses incurred today will be compensated before weekend

Bitcoin fell and took other coins in its grave. Eth lost almost 15% and its not few at all! The market is crazy. Who knows what what was the reason of the crash?

Bitcoin's price doesn't need anything as mundane as reasons for what it does...

That would take all the excitement out of it

[El duderino_]

bull gonna get difficult defending 6K  

price just made a lower high on the weekly , that why its always important to zoom out to higher timeframes, always puts everything in perspective, on the lower timeframes everything can look bullish .... but when we look to this chart we see that we are still bearish (god damn i hate that word) and making lower highs  
resistance on key levels

but whatever common break everything and MOON thats just what i want  

[LFC_Bitcoin]

I bought all of my bitcoin’s in 2014-2015. Haven’t bought any since then but had £40,000 inheritance in an Aunties will recently. Wondering if I should start buying again if this goes significantly under $6,000.

[RivAngE]

Despite the market falling sharply today, I am still very bullish as regard  bitcoin price, I think recovery of the losses incurred today will be compensated before weekend

Bitcoin fell and took other coins in its grave. Eth lost almost 15% and its not few at all! The market is crazy. Who knows what what was the reason of the crash?

There were no news and whales wouldn't panic-sell, so it was obviously manipulation with a bit of panic maybe. It probably has to do with futures and stuff, I have a general idea of how the rich ones can get be winners by combining futures with actual bitcoin buying.

I think the steps are,
You buy futures
You buy BTC in the market with many $$$ driving the prices up
You sell your futures and then short some too, take some cash
You buy even more BTC from off-market trades, thus not driving the price up on yourself
You then dumb all your BTC in one go, droping the price like it did today/yesteday
Cash on your short position futures

You take some loss from the actual BTC trading, you gain a lot from the futures.
The solution to that is, DON'T TRADE FUTURES. You ain't gonna with these guys.

[El duderino_]

Just woke up to see this shit show!

What the fuck happened AGAIN

i know brother .... i bought a few of this hads ,its clear witch one i will be wearing today the fucking bear had

but @ the meantime


 

[lightfoot]

(Wakes up from weird dream)

So the reason we got off the gold standard and onto fiat was to fund wars?

Hm.....

(Back to sleep)

[JayJuanGee]

I think we will bounce along this longer trend line currently around 6.2k  and start following the symmetrical wedge for a late October intersection.  

Still have my bear boots on for now, but if we can maintain the trading range until the end of the year, I'd consider that a bullish signal.

What do you consider to be our current trading range (which I would also consider to be a range in which you do not get excited until it is breached?

Something like $5,900 to $7,900 ?


Actually, might we NOT get too excited (or assume that the bottom is "in" until we give another really good challenge to $10k and perhaps go above it for a while?

Could take several months, as you seem to be suggesting.

PS:

By the way, I am still thinking that our current range of $5,900 to $,7,900 or whatever it is, might still be similar to the bouncing around between $220 and $300 for a bit more than 8 months in 2015?  Except for me, on a personal level my average cost is more than 8x below the current price and I have a decent fiat reserve, as compared to 2015 when my average price per BTC was more than 2x the price, so my portfolio was in considerable red below 50% of what I had paid.   

We will see if the BTC price comparison is appropriate (even though my personal situation is way improved)?  We will see?