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Question: What year will we achieve a new ATH?
2019 - 36 (27.5%)
2020 - 54 (41.2%)
2021 - 31 (23.7%)
2022 - 5 (3.8%)
2023 - 1 (0.8%)
Never - 4 (3.1%)
Total Voters: 131

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21175629 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (24 posts by 13 users deleted.)
ivomm
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All good things to those who wait


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September 17, 2018, 09:54:04 AM
Merited by Hueristic (1)

Or just a bear trap. This is a classical falling wedge pattern btw.  
https://en.wikipedia.org/wiki/Wedge_pattern
"When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making. "
Since the creation of Bitcoin we are in an uptrend, so its resumption is in the making.
I expect a strong breakout soon. Moreover, any moment CFTC will approve ICE futures (the so called bakkt) which is with an actual buying of bitcoins. So we may see above 10K sooner than expected!
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Totscha
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September 17, 2018, 10:05:46 AM

Or just a bear trap. This is a classical falling wedge pattern btw.  
https://en.wikipedia.org/wiki/Wedge_pattern
"When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making. "
Since the creation of Bitcoin we are in an uptrend, so its resumption is in the making.
I expect a strong breakout soon. Moreover, any moment CFTC will approve ICE futures (the so called bakkt) which is with an actual buying of bitcoins. So we may see above 10K sooner than expected!

If we break out to $10k+ very soon, we're probably not going to hold that price point for long. It would most likely lead to lower lows (sub $5k).

I'd much prefer we go sideways for a while.
marcus_of_augustus
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September 17, 2018, 10:06:08 AM
Merited by infofront (1)


So what happens now ?




... bitcoiners accumulate, everyone else wets their pants.
ivomm
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September 17, 2018, 10:28:00 AM

Or just a bear trap. This is a classical falling wedge pattern btw.  
https://en.wikipedia.org/wiki/Wedge_pattern
"When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making. "
Since the creation of Bitcoin we are in an uptrend, so its resumption is in the making.
I expect a strong breakout soon. Moreover, any moment CFTC will approve ICE futures (the so called bakkt) which is with an actual buying of bitcoins. So we may see above 10K sooner than expected!

If we break out to $10k+ very soon, we're probably not going to hold that price point for long. It would most likely lead to lower lows (sub $5k).

I'd much prefer we go sideways for a while.
Sub 5K is too much. Even now the miners are with a very slim profit. At 5K only those who have free electricity (may be less than 1%) will have any profit in terms of cents. Once we are out of the falling wedge pattern, the trade differs of what we've had before. So even if we don't hold 10K for long, the correction will not be in the 6K area, but much higher - say 8K. Then the upward trend will resume until the next resistance and so on.
HairyMaclairy
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September 17, 2018, 11:03:19 AM

I'm such a dumbass. I've been doing it for free...

Merited for a great sense of humour.
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September 17, 2018, 11:05:52 AM

So what happens now ?


The Mayor is gonna be more sad than usual today ?
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We choose to go to the moon


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September 17, 2018, 11:10:44 AM
Merited by jbreher (1)

Looks like a foot.

Bullish.
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September 17, 2018, 11:17:06 AM
Merited by BobLawblaw (4)

Looks like a foot.

Bullish.

So you're telling me that the bullish trend is afoot... ? Cool
Phil_S
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September 17, 2018, 11:18:56 AM

Unless we stab the toe...
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September 17, 2018, 11:19:57 AM
Merited by BobLawblaw (2), jbreher (1), Hueristic (1)

So what happens now ?


The Mayor is gonna be more sad than usual today ?



This is gonna be a market shark. All the big btc holders gonna continue eating little fish in the cryptocurrency sea.
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September 17, 2018, 11:21:31 AM
Merited by Hueristic (1)

Unless we stab the toe...


Now that would be a low blow...
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September 17, 2018, 11:39:02 AM

So what happens now ?


The Mayor is gonna be more sad than usual today ?



This is gonna be a market shark. All the big btc holders gonna continue eating little fish in the cryptocurrency sea.

 Cheesy Cheesy Cheesy Cheesy
HairyMaclairy
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September 17, 2018, 11:52:45 AM
Merited by Hueristic (1)

Nice to see Monero back in the top ten. Could have been there for awhile mind you and I haven’t noticed.


molar mass of aluminum
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September 17, 2018, 11:55:05 AM

Looks like a foot.

Bullish.

So you're telling me that the bullish trend is afoot... ? Cool

 So it looks like it's time to kick ass or chew gum... and we're all outta bubblegum.
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September 17, 2018, 12:39:37 PM
Last edit: September 17, 2018, 12:51:50 PM by serveria.com

Transaction pool is almost empty or? I've got this feeling inside atm:

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September 17, 2018, 01:15:02 PM
Merited by Hueristic (1)

OT : Hey guys, isn't it great that Ripple has a "product" launching soon?

https://www.cnbc.com/2018/09/17/ripple-hints-cryptocurrency-product-xrapid-will-go-live-soon.html

I mean, isn't that what we all want for our cryptocurrency? To be commercialized and commoditized for a centralized company's profit? /s  Roll Eyes Roll Eyes

And of course there's this, lol:

Quote
Ripple, founded in 2012, owns about 60 billion of the 100 billion XRP tokens in circulation
aleksej996
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September 17, 2018, 01:39:57 PM
Merited by vapourminer (1), Hueristic (1), d_eddie (1)

OT : Hey guys, isn't it great that Ripple has a "product" launching soon?

https://www.cnbc.com/2018/09/17/ripple-hints-cryptocurrency-product-xrapid-will-go-live-soon.html

I mean, isn't that what we all want for our cryptocurrency? To be commercialized and commoditized for a centralized company's profit? /s  Roll Eyes Roll Eyes

And of course there's this, lol:

Quote
Ripple, founded in 2012, owns about 60 billion of the 100 billion XRP tokens in circulation

Ripple really shouldn't be considered cryptocurrency.

Why even put it in the above list of 10 top coins, when there is no reason to consider it a cryptocurrency if it doesn't need a blockchain.
You could just make the whole system more efficient and make it a simple centralized payment processor.

So many projects nowadays forcefully put their data into blockchains when they don't need them.
Just makes the whole system slower for no reason.

Since they are already centralized, one of these days they will come up with an amazing new unique idea to replace a blockchain with a simple ledger for efficiency purposes. They will become just a normal bank and reach their full potential.
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September 17, 2018, 02:13:59 PM
Merited by Hueristic (2), bones261 (2)

And down we go.

I won't be surprised if we find ourselves the mid 5ks by the weekend.

Please, capitulate. Stop checking the price every minute, will you?

I will check it for you, don't worry.  O:-)
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September 17, 2018, 02:15:35 PM

Toe stabbing is progress... ouch!
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yes


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September 17, 2018, 02:30:13 PM
Merited by bones261 (2), Hueristic (1), micgoossens (1)

It’s still nothing and could be part of building base for a jump upwards (see MACD cross on the Daily).
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