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

[El duderino_]

I'm seeing a lot of fake-looking panic everywhere. Bullish IMO.

nice

blowing the bullhorn for a few posts as well .... they will showe up 

[HairyMaclairy]

Fuck this just capitulated on ETH and sold for BTC.

[Rosewater Foundation]

I'm seeing a lot of fake-looking panic everywhere. Bullish IMO.

What is fake-looking panic? I haven't been this frightened since the khmer rouge started rounding up academics.

[Ted E. Bare]

Bitcoin in the $6000's I'm always buying.

[HairyMaclairy]

I’m going long if we get under $6k. 

[Heater]

BCH/BTC chart looks like it's about to fall off a cliff.

[bitserve]

Ok, Just bought a bit more. Probably expect another imminent dump now.

[HairyMaclairy]

I copped some slight heat for calling a local bottom yesterday.  But I think the thesis still stands with a local target of $7200 - $7300.  Then pucker.  

Update - still calling for a local target of $7200, to be followed by a burning sensation.

Don't ask me, I just work here.  Target $7200.

Target still $7200 then revisit $5700.

[El duderino_]

Ok, Just bought a bit more. Probably expect another imminent dump now.

Don’t call iT up on yourself .....

[bitserve]

Ok, Just bought a bit more. Probably expect another imminent dump now.

Don’t call iT up on yourself .....

As if that were gonna change anything... Whatever needs to happen, let it be. I just decided I had to buy a bit more before going to bed.

Good night everyone

[Ted E. Bare]

Good night! Buying below $6200 should be nice.

[infofront]

Fuck this just capitulated on ETH and sold for BTC.

I'm holding my ETH in hopes we get a pump when futures launch. OTOH, I don't hold enough to lose any sleep over.


I believe ETH will probably die, but not yet. Consider the fact that this is the first, brutal bear market for an ETH holder. It must be pretty scary. I believe this helps cause an exaggerated ETH (and other altcoin) decline. There are no war-forged ETH veterans yet.

[Biodom]

Fuck this just capitulated on ETH and sold for BTC.

I'm holding my ETH in hopes we get a pump when futures launch. OTOH, I don't hold enough to lose any sleep over.


I believe ETH will probably die, but not yet. Consider the fact that this is the first, brutal bear market for an ETH holder. It must be pretty scary. I believe this helps cause an exaggerated ETH (and other altcoin) decline. There are no war-forged ETH veterans yet.

First BTC bear was $32 to $2, so if we apply roughly similar numbers, ETH might bottom at around $90 (give or take).
Many prior high-flying eth tokens are already at almost zero volume.

[HairyMaclairy]

The ETH / BTC volume on Bitstamp was so low I had to market sell.  

I decided rather than just let the ETH sit around in a bearmarket I would put the funds to use on Bitmex.  That way I don’t have to dip into my BTC savings.  I’m going to try to catch the bottom of this wedge with low leverage. Might take a few days to drop under $6k but I’m in no rush.

[withlove99]

This is the current Market Capitalization chart of cryptocurrency.



Capitalization puncturing 190B then the next milestone will be 180B. It will return to about 190B and then collapse to 130B.
This is my personal opinion.

[PoolMinor]

I’m going long if we get under $6k.  

We will, and then subsequently below 5K, and then perhaps another rise before the next trap. Sub 2200-3K in our future. There will be many more short term trading opportunities during the next 5 months.

The major pattern relies on the halving. Reward-Drop ETA date: 22 May 2020 02:07:54 https://www.bitcoinblockhalf.com/
Bottom predictably in around Feb-March 2019.

By all means BTFD, but also plan on a longer accumulation time, you will have 12-13 months worth of accumulation time before we reach this level again. These are my opinions based on 5+ years studying the patterns of many crypto currency markets and understanding the math and fractal patterns associated with markets.
You could always just go with Roach's plan of Exter's Pyramid and place gold as the end all of investements; or was it silver now as the better investment strategy?



Meanwhile edityou can everyone else can stare at my balls...3D Sterogram gif

[HairyMaclairy]

Yeah I pretty much agree with every word you said.  Other than staring at your balls.  

[DaRude]

I’m going long if we get under $6k.  

We will, and then subsequently below 5K, and then perhaps another rise before the next trap. Sub 2200-3K in our future. There will be many more short term trading opportunities during the next 5 months.

The major pattern relies on the halving. Reward-Drop ETA date: 22 May 2020 02:07:54 https://www.bitcoinblockhalf.com/
Bottom predictably in around Feb-March 2019.

By all means BTFD, but also plan on a longer accumulation time, you will have 12-13 months worth of accumulation time before we reach this level again. These are my opinions based on 5+ years studying the patterns of many crypto currency markets and understanding the math and fractal patterns associated with markets.
You could always just go with Roach's plan of Exter's Pyramid and place gold as the end all of investements; or was it silver now as the better investment strategy?



Meanwhile edityou can everyone else can stare at my balls...

Nope there's war in bcash land. Wars are expensive and all sides are sitting on sizable BTC stashes which they're liquidating to fund their little war. Get some popcorn enjoy the fireworks, BTC is just getting a bit of an aftershock from the nuclear blast that about to go off in bcashlandia, the silliness should end in November after they strangled each other, as in either case the looser will start dumping their bcash reserves

[infofront]

Everyone has been extremely bearish. Could be a bullish sign, as Theymos mentioned.

At any rate, I can't imagine us going below $3K.

[Torque]