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

[Majormax]

Difficult to know what December 2018 and thereafter is going to bring in terms of BTC price performance, but I am having some doubts that in the short-term shorting BTC is going to be nearly as lucrative as it was in either 2014 or 2018...   but what do I know?  

The medium to long term price is relatively easy to predict... only shorter term is difficult.

However, atm the price is in a very steady downtrend, so expect more of the same. The only interruption will be the odd sharp rally over the next few months, but the trend is still down.

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[Majormax]

ETH now manfully engaged in the fight to become a double digit shitcoin.

Will it pull it off?

With aplomb.

Of course.. ETH can manage anything !

[gembitz]

I hear that Thursdays are for meeting a nice Jewish girl before the Sabbath

 


lel


https://www.youtube.com/watch?v=2fmo1Sjn7dg

[VB1001]

Nice green dildo, missed the shot , I expected it below, we fight again for 3800, another day of the marmot.

[alevlaslo]

ETH now manfully engaged in the fight to become a double digit shitcoin.

Will it pull it off?

With aplomb.

Of course.. ETH can manage anything !

[PoolMinor]

 


lel


https://www.youtube.com/watch?v=2fmo1Sjn7dg

Nice!
Richard D James
Donkey rhubarb for me...
https://www.youtube.com/watch?v=G0qV2t7JCAQ

[STT]

If we see under $3k, its likely to headed for $1300 says Tone Vays. Also bearish as fuck.

I was just listening to him and no disrespect but anyone can get ahead of themselves.    He called it himself, RSI as massively oversold.    A bear market can have sharp spikes upwards, I wish it was so easy that it just moved in one direction because thats free money right with no worry.   This recent action seems to highlight the market is unlikely to move down without resistance, even to be negative it has to wear out buyers first.

So price is now about 50% retraced from 4100 and 3879 would be 61%   I think any bears will come back in about 4000 which is the 8 day average and a round number which always seems to be a thing

Im not guessing anything like a trend down, nothing neat like that.  Its more like a straight range we trade in

[gembitz]

If we see under $3k, its likely to headed for $1300 says Tone Vays. Also bearish as fuck.

I was just listening to him and no disrespect but anyone can get ahead of themselves.    He called it himself, RSI as massively oversold.    A bear market can have sharp spikes upwards, I wish it was so easy that it just moved in one direction because thats free money right with no worry.   This recent action seems to highlight the market is unlikely to move down without resistance, even to be negative it has to wear out buyers first.

So price is now about 50% retraced from 4100 and 3879 would be 61%   I think any bears will come back in about 4000 which is the 8 day average and a round number which always seems to be a thing

$1500 is the trigger spot weeeee

[Hexah]

$1500 is the trigger spot weeeee

go lower to $1000

[virtual2018]

Bitcoin prices continue to fall today, may be affected by this news right?
https://coingeek.com/chiles-supreme-court-decides-against-crypto-exchange/

Chile’s Supreme Court decides against crypto exchange
The Supreme Court in Chile has issued a decision allowing the state bank Banco del Estado de Chile to close the account of cryptocurrency exchange Orionx on concerns over the nature of transactions being conducted on the exchange.

The ruling, reported by local news outlet Emol, reverses earlier decisions of the country’s Court of Appeals, and its anti-monopoly court, that had allowed the bank accounts of Orionx and several other plaintiffs to remain open.

According to the Supreme Court’s third division, the bank did not violate the Constitution, and that its acts did not arbitrarily curtail Orionx’s rights.

The decision stated that the assets being traded by Orionx, including ETH, XRP, LTC, and BTC, lacked physical manifestation and had “no intrinsic value,” in that they were not backed by any government or company. Rather, the digital currencies were viewed as controlled in a decentralized network of users.

The Supreme Court said that because of the nature of the assets, the bank could not comply with regulations requiring specific identities involved in transactions, which made the closure of the accounts justifiable.

The Banco del Estado de Chile was one of 10 banks that had closed accounts of cryptocurrency-related companies. Aside from Orionx, Buda and Crypto MKT had filed complaints with the anti-monopoly court of Chile. The move of banks to deny services to those in the cryptocurrency sector had been criticized as the act of a few in positions of power, who had not recognized measures put up by the companies to promote transparency and security.

Other countries’ banking sectors have shown greater openness to provide services for those using blockchain and cryptocurrencies, though not without conflict among regulators. Switzerland, where ‘Crypto Valley’ Zug is located, has had the government study how blockchain companies could be assisted in opening up bank accounts. Also, the Hypothekarbank Lenzburg has moved to accommodate such companies. However, the Swiss Financial Market Supervisory Authority (FINMA) has maintained a tough stance, requiring invested cryptocurrency assets to be covered by eight times their amount in fiat, to take into account the perceived risk associated with volatility of cryptocurrencies.

[mindrust]

If we see under $3k, its likely to headed for $1300 says Tone Vays. Also bearish as fuck.

I was just listening to him and no disrespect but anyone can get ahead of themselves.    He called it himself, RSI as massively oversold.    A bear market can have sharp spikes upwards, I wish it was so easy that it just moved in one direction because thats free money right with no worry.   This recent action seems to highlight the market is unlikely to move down without resistance, even to be negative it has to wear out buyers first.

So price is now about 50% retraced from 4100 and 3879 would be 61%   I think any bears will come back in about 4000 which is the 8 day average and a round number which always seems to be a thing

Im not guessing anything like a trend down, nothing neat like that.  Its more like a straight range we trade in

Now you mentioned RSI, here is my pro level RSI TA:



 

Edit: I see RSI hit 30 in September 2014 one more time on that 5year chart so, maybe we lose another %50, which means $2k.

[mindrust]

Leave everything aside, That's what i see when I look at this chart.



Now I want to sell half of my shit so bad but I probably won't.

[exstasie]

If we see under $3k, its likely to headed for $1300 says Tone Vays. Also bearish as fuck.

I was just listening to him and no disrespect but anyone can get ahead of themselves.    He called it himself, RSI as massively oversold.    A bear market can have sharp spikes upwards, I wish it was so easy that it just moved in one direction because thats free money right with no worry.

"Oversold" just means the trend is strong. Look at RSI against the bull trend last year. "Overbought" didn't mean anything. Price just kept pushing. The same can happen here.

On the flip side, I'm noticing a lot of $1,000 and $1,500 calls. People are forecasting carnage worse than 2011. Bears are getting bold. This happens near long term bottoms.

[mOgliE]

Leave everything aside, That's what i see when I look at this chart.



Now I want to sell half of my shit so bad but I probably won't.

That's some good TA.

I trade with such TA in mind.

I'm like "what is the  next move to make the graph beautiful?".
Until now it has worked pretty well.

[marcus_of_augustus]

If we see under $3k, its likely to headed for $1300 says Tone Vays. Also bearish as fuck.

I was just listening to him and no disrespect but anyone can get ahead of themselves.    He called it himself, RSI as massively oversold.    A bear market can have sharp spikes upwards, I wish it was so easy that it just moved in one direction because thats free money right with no worry.

"Oversold" just means the trend is strong. Look at RSI against the bull trend last year. "Overbought" didn't mean anything. Price just kept pushing. The same can happen here.

On the flip side, I'm noticing a lot of $1,000 and $1,500 calls. People are forecasting carnage worse than 2011. Bears are getting bold. This happens near long term bottoms.

doublings and halvings (not halvenings) ... to drop from 20k to 4k btc has reduced to a fifth of it's former market value, people who are predicting 1k are the flip side short equivalent to the bulls predicting another 4x rise after a 5x rise in the mania of a bull run.

Shorts are drunk with greed at this point, they feel bullet-proof, anything is possible ... sure why not another 4x of gains on top of 5x, makes sense, not.

At best/worst, we get a manic, v. brief spike down to $2.5k, maybe 2k (unlikely) and then powerful rebound ... and the next rise begins.

[ivomm]

Leave everything aside, That's what i see when I look at this chart.



Now I want to sell half of my shit so bad but I probably won't.

That's some good TA.

I trade with such TA in mind.

I'm like "what is the  next move to make the graph beautiful?".
Until now it has worked pretty well.

And where in this "good" TA is the buy support? If you have 100K BTC support at certain price do you think your TA would work? This confirms my obseravations that the reason we are here are the n00b traders who only look at the charts and compare 2014 and 2018. The price may fall if there is no support and go up if there are enough buyers. It is as simple as that.

[LFC_Bitcoin]

If we see under $3k, its likely to headed for $1300 says Tone Vays. Also bearish as fuck.

I was just listening to him and no disrespect but anyone can get ahead of themselves.    He called it himself, RSI as massively oversold.    A bear market can have sharp spikes upwards, I wish it was so easy that it just moved in one direction because thats free money right with no worry.

"Oversold" just means the trend is strong. Look at RSI against the bull trend last year. "Overbought" didn't mean anything. Price just kept pushing. The same can happen here.

On the flip side, I'm noticing a lot of $1,000 and $1,500 calls. People are forecasting carnage worse than 2011. Bears are getting bold. This happens near long term bottoms.

A lot of people who predict those kind of prices here are doing it for personal reasons, trying to convince/scare weak hands to sell. People predicting prices that low probably aren’t happy with their bitcoin stash & want it to go that low so they can increase their stash.

I wouldn’t trust anybody predicting uber low prices.

[El duderino_]

I see lots of noobs lately saying theyre gonna short the market here because its easy money. Hopefully they get their faces ripped off.
 

many new guys talk the talk but doesn't walk the walk ..... just many jealous F***s wanna look like they are making money as well

[Totscha]

If we see under $3k, its likely to headed for $1300 says Tone Vays. Also bearish as fuck.

I was just listening to him and no disrespect but anyone can get ahead of themselves.    He called it himself, RSI as massively oversold.    A bear market can have sharp spikes upwards, I wish it was so easy that it just moved in one direction because thats free money right with no worry.

"Oversold" just means the trend is strong. Look at RSI against the bull trend last year. "Overbought" didn't mean anything. Price just kept pushing. The same can happen here.

On the flip side, I'm noticing a lot of $1,000 and $1,500 calls. People are forecasting carnage worse than 2011. Bears are getting bold. This happens near long term bottoms.

A lot of people who predict those kind of prices here are doing it for personal reasons, trying to convince/scare weak hands to sell. People predicting prices that low probably aren’t happy with their bitcoin stash & want it to go that low so they can increase their stash.

I wouldn’t trust anybody predicting uber low prices.

$1k is the new double digits....

[LFC_Bitcoin]

I see lots of noobs lately saying theyre gonna short the market here because its easy money. Hopefully they get their faces ripped off.
 

many new guys talk the talk but doesn't walk the walk ..... just many jealous F***s wanna look like they are making money as well

Spot on mic