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

[podyx]

Let's get this bread

[Biodom]

Not my chart.. but scary accurate in the past..



I wasnt ready to wait 5 years..  anyways.. just hodl

Worth noting we are already at the price that chart says is the bottom ($3k).  

it's funny that actual graph of this correction suggested a faster descent, yet he had drawn a shallower red and green lines (below the graph).

As HM said: we are there already (Dec 2018 instead of October 2019).
What now?
Perhaps, either straight up (10-30% probability) or a flat (70-90% probability).

[Biodom]

Greenspan predicts stagflation in fiat world.
https://www.cnn.com/videos/business/2018/12/18/alan-greenspan-stock-market.cnn-business/video/playlists/business-markets-investing/

What would be the consequences for bitcoin?
Last time it happened in the 70ies, gold performed exceptionally well, stocks did not do anything for 12 years (with multiple sharp drawdowns and recoveries) and bonds cratered.
Hopefully, btc would replace gold here.

At around 2028-2030, interest rates would be very high and, hopefully, the new bull market in bonds would begin.
I intend to capture that yield then and there.

[dutchlincoln]

It is all quite funny though...

In my mind i see some old billionaires playing games together like Stadler and Waldorf, buying some coin and generating a spike.
All of a sudden everyone here is bullish again, we go past 20k in 2019, graphs, charts, and all the bells and whistles...

A childs hand is easily filled i guess...  

And Stadler and Waldorf are laughing about all our commens and hope, drink their whiskey glasses empty, pour another double, and press "Sell" in a few hours to take a laugh about this thread again...  



In short: All those charts maps drawings lines and magic glass balls are all bogus...






my agnostic non-knowledgable 2 cents...  

[alevlaslo]

Bitcoin is oversold, it's time to buy, but there is a coin resold to bitcoin

https://bitcointalk.org/index.php?topic=2040221.msg48747851#msg48747851

[HairyMaclairy]

Flat and choppy for the next 8 months, mostly boring interspersed with moments of terror and despair.

[serveria.com]

Not my chart.. but scary accurate in the past..



I wasnt ready to wait 5 years..  anyways.. just hodl

Hehe we're in October 20 atm according to this graph   so MOON SOON ladies!

[serveria.com]

All bottoms are behind now, in the rear-view mirror.

Like this:

Yeah, kind of, except for in the first pic there are some seriously sexy ultra feminine bubble butts and in the second one an underage boy or a tranny?   

[JayJuanGee]

Even tho I think we might go a little lower still, could not resist to buy some. It's a steal no matter what, compared to what's coming. And had some fiat to spare, so...

Did you save some fiat, just in case the BTC price goes down lower from here in the next few weeks?

[bitserve]

Flat and choppy for the next 8 months, mostly boring interspersed with moments of terror and despair.

And bulltraps, don't forget the bulltraps. They are needed to multiply the terror and despair of the subsequent dumps.

[JayJuanGee]

All bottoms are behind now, in the rear-view mirror.

Like this:

Yeah, kind of, except for in the first pic there are some seriously sexy ultra feminine bubble butts and in the second one an underage boy or a tranny?    

If boy/tranny is the case, then for sure, we would prefer the bottom to be in the rear view mirror.  Amirite?

[El duderino_]

didn't know this .... so also 5 year celebration already

[El duderino_]

[El duderino_]

[El duderino_]

[JayJuanGee]

So Bitcoin rises by ~2% after falling ~84% and somehow everyone thinks that this bear market is over?

(0.02 * 19,666)= ~$400 + 3122= ~3500.

I also believe that the next intermediary top will be around 23-25 of December. Good chart.

It’s ok the bear market is over

How could the bear market be over?  We just confirmed (when BTC decisively broke below $6k) that we are actually in a bear market.  Before that time, we had merely confirmed that we were in the middle of a price correction.

So currently, it seems to get back above $6k, assuming that BTC prices rebound, the better case scenario is 3 months and the worse case scenario is in the 2 year arena.  Most of us here would likely prefer going up sooner rather than later, and I suppose that some benefits regarding a longer and more drawn out recovery would be that the BTC price would be on more solid grounds for the next hopefully happening upwards price surge at some point after the halvening.

TLDR: I am not proclaiming to know anything more than anyone else, yet my point is that your proclamation that the bear market is "over" seems way too premature, especially given recent price happenings, including breaking below $6k without any significant rebound.

[infofront]

One interesting thing is that we rallied yesterday, despite (or because of?) the equities selloff. Equities are mostly flat today, as is BTC.

So far I remain unconvinced of any correlation, but it will be interesting to see if there's an inverse correlation if the stock market continues fall.

[yefi]

. And yefi didn’t particpate

I was thwarted by my strategy of posting right at the end and my forgetfulness

[Last of the V8s]

[BTCMILLIONAIRE]

Greenspan predicts stagflation in fiat world.

https://qconline.com/business/investment/personal-finance/alan-greenspan-investors-should-prepare-for-the-worst/article_b5b32707-3764-562b-95e9-e1602618e663.html
https://www.cnn.com/videos/business/2018/12/18/alan-greenspan-stock-market.cnn-business/video/playlists/business-markets-investing/

What would be the consequences for bitcoin?
Last time it happened in the 70ies, gold performed exceptionally well, stocks did not do anything for 12 years (with multiple sharp drawdowns and recoveries) and bonds cratered.
Hopefully, btc would replace gold here.

At around 2028-2030, interest rates would be very high and, hopefully, the new bull market in bonds would begin.
I intend to capture that yield then and there.

"451: Unavailable due to legal reasons

We recognize you are attempting to access this website from a country belonging to the European Economic Area (EEA) including the EU which enforces the General Data Protection Regulation (GDPR) and therefore access cannot be granted at this time. For any issues, contact webmaster@qconline.com or call 309-764-4344."

Nice meme.