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

[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?

[JayJuanGee]

It finally dipped to where I consider it a buying opportunity but all the local low-buy-fee ATMs are closed.

Rick: "How much BTC should I buy ?"
Me: "Ten"
Rick: "Honey, that's sixty-five thousand doll-hairs !"
Me: (raising a curious eyebrow, knowing that's "play-money" to Rick) "Fine. Buy one then."
Rick: "How about three ?"
Me: "Fine. Whatever."

I don't understand the guy lately.

People are strange.

Bah.

Sounds like any relationship, in which the question asker is NOT really looking for an answer but wants you to confirm what they were already going to do.   

[ivomm]

https://cryptodaily.co.uk/2018/09/starbucks-microsoft-bitcoin-etf/
The ugly whale bastards that sold yesterday will want to hang themselves when Bitcoin reaches $40K!

[mikenz]

Time to buy and lean back.


https://www.pic-upload.de/view-35910424/btc20180906.jpg.html

[Globb0]

It finally dipped to where I consider it a buying opportunity but all the local low-buy-fee ATMs are closed.

Rick: "How much BTC should I buy ?"
Me: "Ten"
Rick: "Honey, that's sixty-five thousand doll-hairs !"
Me: (raising a curious eyebrow, knowing that's "play-money" to Rick) "Fine. Buy one then."
Rick: "How about three ?"
Me: "Fine. Whatever."

I don't understand the guy lately.

People are strange.

Bah.

Why do they ask?

Shall I wear this pink dress?

Yes

Ill wear the black one

Sounds familiar

[greeklogos]

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?

The information you hold is old one already. Bitcoin lost almost 1000$ during short period of time and ETH lost almost 21%, but truly record of the price's lost belong to EO and it's 23% loss. Bloomberg says that the main reason of the fall is delay with crypto adaptation, by previous expectations of traders the adoption would happen much faster. That's in the short word. There is more detailed information on every crypto news site.

[El duderino_]

Time to buy and lean back.


https://www.pic-upload.de/view-35910424/btc20180906.jpg.html

Most of the time i am leanback.... but This morning i was punch’t in the face and then needed to recover leanback....
the time has been broken that i have to keep Some fiat ready .... or go long or whatever .... everything that i’m gonna do now can’t be wrong ( only selling offcourse) but buying , going long for Some BTC’s, hodling..... its all good the market is getting in perfect shape for all of that
And Many times be written but those that learned late about BTC don’t wait any longer and join This freedom currency ...... 

[crypmike]

https://twitter.com/JihanWu/status/731902686379933697



https://twitter.com/track2c/status/1037484421631242240

[BTCHadzija]

lmao

[ephelants360]

Time to buy and lean back.


https://www.pic-upload.de/view-35910424/btc20180906.jpg.html

Lean back, in the sofa or coffin?

[fragout]

Its all good imo. A break below this (~$6300) though is not desirable.

[HairyMaclairy]

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.

BFD January 2019 crash.  


This is not financial advice.  I have no idea what I am doing.  

[El duderino_]

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.

BFD January 2019 crash.  


This is not financial advice.  I have no idea what I am doing.  

Maybe your the only one that actualy knows what he’s doing  
If its continue This way i might change from guru    

[crypmike]

We have a Bart forming boys? Looks like if it forms we would jump back to $6900 area.

Probably
What bothers me is that SHORTS amount is again almost on ATH
It means that those whales who took them, didn't close them and the price could be dropped even deeper (~6200)
On another hand,  so many people now in shorts and marketmakers can suddenly close their shorts and push the price up.