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

[Kylapoiss]

My dear country has a birthday today, they even lit up the flag on Burj Khalifa, seems a bit rare thing for a country with a population of ~1.3mil



EDIT: Googled it and it might be fake

[lightfoot]

Eh, someone blew it and cashed in their chips early. Fool food.

Meantime where can you see the bid/ask spread these days? Bitcoinwisdom is kinda broken-ish.

[Lambie Slayer]

https://www.chepicap.com/en/news/7670/spencer-bogart-on-bitcoin-now-is-a-very-good-time-to-buy-.html

[willope]

Soooo.... no ATH today?

[mindrust]

I told u not to get excited, we've seen this movie so many times before

call me when we're back to 6000

I don't know if you picked that number randomly but that's the exact price point we need to hit first to trigger the next bull run.



If we make it to above $6k somehow, we'll find ourselves at $20k in a few weeks (or months more likely) maybe and $100k will happen even faster.  It took 6 months to carry the price from $1k to $6k and it took only 2 months to make it to $20k from $6k in 2017.

[kenzawak]

Fuckin' zombie bears...

[bitserve]

I hate doing quick volatility trades (scalping) with a fucking new UI. This is what happens when you stop practising every single day.

[bitserve]

Soooo.... no ATH today?

Nope. Be glad if we regain $4k.

[Majormax]

Soooo.... no ATH today?

Nope. Be glad if we regain $4k.

4k is in the upper part of the trading range we could be in for at least a year. 3200 is the lower part atm.

[Majormax]

I hate to be that guy but it is going down. Back to $3.5k most likely.

Remember.

The bottom bowl isn't wide enough yet. Too early for another ATH.

More chances for late comers to buy. GREAT!

edit: 3.8k lol aaand just when i was typing hit 3.7xx

Agree. The bottom bowl, as you put it, needs to be between 1 year and 2 years wide.

[mike4001_]

OK, this was kind of to expect.

[bitserve]

Soooo.... no ATH today?

Nope. Be glad if we regain $4k.

4k is in the upper part of the trading range we could be in for at least a year. 3200 is the lower part atm.

Maybe a year is too long term. I am still expecting for some bull run in Q4 that could propel us even as high as over $6K. Unless the bear market gets extended more than the last time, which is also a possibility.

[LFC_Bitcoin]

$350 drop in price within 10-15 minutes. Not the best viewing, planning to buy tomorrow though so thanks for the cheap coins. Dumb ass bears!

[mindrust]

I told u not to get excited, we've seen this movie so many times before

call me when we're back to 6000

I don't know if you picked that number randomly but that's the exact price point we need to hit first to trigger the next bull run.

https://i.ibb.co/6N3RFjR/ddee.png

If we make it to above $6k somehow, we'll find ourselves at $20k in a few weeks (or months more likely) maybe and $100k will happen even faster.  It took 6 months to carry the price from $1k to $6k and it took only 2 months to make it to $20k from $6k in 2017.

Sorry I just had to quote myself.

Look at the beauty of that graph. Just look at it. It tried to go above that purple line 3 times before it went to 20k. Before 2016 (around october 2015), mid 2016 and feb/mar 2017 (didn't reach the purple line though, came close). And it was the 4th try which succeeded. (you can see the 4th try as the continuation of the 3rd try since they happened in a very short time)

That's how it happens. We need to try that resistance levels various times first and I am sure It won't be the first try which is going to succeed.

[Majormax]

Soooo.... no ATH today?

Nope. Be glad if we regain $4k.

4k is in the upper part of the trading range we could be in for at least a year. 3200 is the lower part atm.

Maybe a year is too long term. I am still expecting for some bull run in Q4 that could propel us even as high as over $6K. Unless the bear market gets extended more than the last time, which is also a possibility.

Could be. I am working on the assumption that the bottoming processes are becoming longer in each successive bear market, as the whole market matures. That would also chime with the larger amount of optimism (contrarian) that we still see, compared to this stage in 2014-15

[becoin]

$3800 is excellent buy opportunity!

[bitserve]

Soooo.... no ATH today?

Nope. Be glad if we regain $4k.

4k is in the upper part of the trading range we could be in for at least a year. 3200 is the lower part atm.

Maybe a year is too long term. I am still expecting for some bull run in Q4 that could propel us even as high as over $6K. Unless the bear market gets extended more than the last time, which is also a possibility.

Could be. I am working on the assumption that the bottoming processes are becoming longer in each successive bear market, as the whole market matures. That would also chime with the larger amount of optimism (contrarian) that we still see, compared to this stage in 2014-15

Agreed. There's still too much optimism. I understand the fundamentals are way better than in the past bear market, but still. There's also a good bunch of whales with hundreds of millions in BTC value that maybe want to cash some here and there.

On the other hand, we are still following the past bear market graph very closely. The bear market didn't ended with an uninterrupted pump, much on the contrary. The corrections were YUGE.

[Majormax]

If we make it to above $6k somehow, we'll find ourselves at $20k in a few weeks (or months more likely) maybe and $100k will happen even faster.  It took 6 months to carry the price from $1k to $6k and it took only 2 months to make it to $20k from $6k in 2017.

Those are the figures from the 2017 final run to ATH. It won't be anything like that, because, when we get to 6k next, it wont be close to the final bull run. The move from 6k to 20k could take another year of ups and downs, and 6k will not be inviolable either.

For a better comparative forecast, I would suggest (only a very rough speculation) the take-off comes from 35k and gets to 90k in a few months , in 2022 or 2023. Until then , its a relatively slow grind.

[kenzawak]

planning to buy tomorrow though

Same here. Tomorrow or Tuesday depending on when the transfer gets through.

[criptix]

Well surprise buttsex is surprising....