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

[empowering]

Price is stagnating now... you guys see still a downtrend but we are approaching the end of the year.

Difficult to predict but I sniff a pump before the 31th December.

Let’s hope so, I see more sideways with a potential for slightly lower. I think we’ll rally to over $5,000 by the end of February though.

Regardless of small price movements (and that’s what they are atm imo) ......BTFD!

thought your range was more in this direction :6245    LFC_Bitcoin

it would be better

$6245 is over $5000

I think we’ll start to move upwards in Feb regardless of BAKKT, even if they delay again.

These prices are literally ‘cheap coin’.
Like Hairy said, this is a once in a lifetime opportunity, I am buying more but I just wish I had a lot more fiat.

I agree but I think we will be in this hole or lower until late 2019.  A February recovery is too early for me.  I am buying now just to hedge in case I am wrong.    

+1 Merit (I owe you one)

[fluidjax]

That's a very short bear you have there.

well, 2015 was a flat for almost 8mo (after Jan plunge).
I don't mind us transitioning to such a flat right here.
Re 500K, I just don't know.

McAfee?

Should he start looking at recipes?

http://www.grouprecipes.com/59411/penis-stew.html

Must remember to remove the scum

[HairyMaclairy]

Security ! 

[PoolMinor]

[empowering]

Great quote!

[jojo69]

fuck

again?

[goldkingcoiner]

I have been done with shorting for a long time now. Longing at 4x. Anyone who still is shorting now is playing with huge risks.... RELAX...ENJOY....FORGET ABOUT THE PRICE FOR A COUPLE OF MONTHS!

[HairyMaclairy]

That’s how the triangle crumbles

[HairyMaclairy]

Longing at 4x

Using leverage against the dominant market trend is generally not a great idea. 

[bitserve]

Reloaded at $3266

[goldkingcoiner]

Longing at 4x

Using leverage against the dominant market trend is generally not a great idea.  

Usually no, but I feel confident that 3k will hold. Another week of support and we are going to 3,8-4k. Last chance to long at 3,2k

[HairyMaclairy]

Someone tell Peter Brandt that head and shoulders is a reversal indication not continuation pattern.  



https://twitter.com/peterlbrandt/status/1073315241017163776

[serveria.com]

Just a teeny tiny dip, nothing to see here, move on please...  #HODL

[Globb0]

He said, “You should outlaw [crypto assets],” because many have lost savings due to the significant slump in the crypto markets. “I am personally surprised that regulators haven’t stepped in harder.”

Allianz Investors Chief.

Yeah, ban things because people are being stupid. Good bye cars, internet, food, water, life.

OFC an insurance salesman never sold anything dodgy or anything that could never pay out etc. etc.

[HairyMaclairy]

He said, “You should outlaw [crypto assets],” because many have lost savings due to the significant slump in the crypto markets. “I am personally surprised that regulators haven’t stepped in harder.”

Allianz Investors Chief.

Yeah, ban things because people are being stupid. Good bye cars, internet, food, water, life.

OFC an insurance salesman never sold anything dodgy or anything that could never pay out etc. etc.

Allianz and four other insurers, as a result of regulator action, are refunding more than $118m in total to almost 213,000 people who bought add-on products from car dealers.

Allianz has told the banking royal commission its conduct, which was investigated by the Australian Securities and Investments Commission, fell below community standards.

https://www.theguardian.com/australia-news/2018/sep/18/banking-royal-commission-allianz-to-refund-456m-over-junk-insurance-products

[PoolMinor]

Someone tell Peter Brandt that head and shoulders is a reversal indication not continuation pattern.  



https://twitter.com/peterlbrandt/status/1073315241017163776

Correction: Usually a reversal but can indicate a continuing trend.
In general, if you do encounter a H&Sh after a long bear move, then it is not a reverse pattern but a continuation pattern. These are rare but do exist (H&Sh continuation during a bear trend OR Inverted H&Sh during a bull trend are continuation patterns)

This is why one needs to rely on more than a couple of indicators.

[Last of the V8s]

Bitmex offing USians

[RejectedBanana]

I don’t think we will see $6k again before 2020.  

Agreed it's prudent to watch our hopium intake, Hairy, but 2020 seems awfully long for a return to $6k. Granted, we had a nearly 2-year downturn after Mt Gox from 2014-5 with little to no good news, but as far as fundamentals go, 2019 seems ripe for recovery.

What are your assumptions on big ticket items? To name a few expected in the first half of 2019:

Van Eck/CBOE ETF (admittedly low chances)
Bakkt
Fidelity Digital Assets
Nasdaq Futures

Are you thinking these things won't happen or rather they simply won't make much of a speculative difference? Are you weighing your prediction primarily on prior halving cycles? Are you correlating with global stock market expectations?

I worry that speculative interest is becoming a self-fulfilling prophecy of chart analysis and pattern matching. The 2014 overlay to 2018 is eerily similar, yes, but is this simply a case of humans seeking solace in pattern matching?

Meanwhile, the lightning network is exponentially expanding, BCash is conveniently self-immolating, blockchain investment and employment numbers are steadily increasing, etc etc.

Sure, miners seem SOL, nothing new there; but I suspect new miners will find new places to slurp up cheap/stranded power, further decentralizing the network.

[Last of the V8s]

https://www.theverge.com/platform/amp/2018/12/13/18139724/bitcoin-bomb-threat-scam-email-us-police-department-investigation-evacuations
https://www.cnn.com/2018/12/13/us/email-bomb-threats/index.html

someone really wants price down

hey police fuckers - it's prolly that craig wright fucker

[Toxic2040]

That’s how the triangle crumbles

 

----------
Bitcoin

Another retrace of familiar ground for bitcorn today. Bears have pushed the USD price down towards the yearly ATL once again. I think unless we break downwards again sharply below the -0236 fib on the hourly there is not much to see here except to buy those dips. This is also a possible set up for a nice double bottom imho.  #dyor

1h


4h


D

#stronghands2019