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Question: What happens first:
$65,000 - 59 (86.8%)
$48,000 - 9 (13.2%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26330564 times)
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JayJuanGee
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June 27, 2019, 08:20:20 AM

Did we just lose 1k in 5 minutes ?
More Shocked

Is this the typical "someone sold a lot because it went up"? Or is this the typical "someone sold a lot to trigger stop-losses and buy it back later"? Or is this going to trigger my (wife's) Q2 prediction of $7800?
Hahahahahaha

Blame your inner bear on your wife...  Wink
Well, to be fair, she predicted $7800 for Q1. I'm the one who movedo it over to Q2.
About 6 weeks into Q2 she was right for quite a long time. So with some calibration, she should be able to make a perfect prediction for Q3 if I ask her to make a prediction for mid November Cheesy

When your finalizing your recalibration efforts, try a bit of the below pic to make sure that the two of you are in better sync this time around.




hahahahahahahaha

A BIG image helps to capture the "beauty" (rather than scariness) of the whole process.

 Cheesy Cheesy Cheesy
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Last of the V8s
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June 27, 2019, 08:42:22 AM


seriously though Gandalf, get a grip
let's stay above 12k
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June 27, 2019, 08:43:27 AM

Does anyone besides Tone and Tyler still think we are in a Bear Market?   Kiss

I have been surprised by the power of the recent surge with so much time before the halvening, still think we are due for some serious pull backs in the near future, but surely no one can deny with a straight face that the Bull is upon us.

@JJG, Id like an update on your certainty of the Bull in percent terms kind sir. I remember a while back at a much lower price you stated 51 percent certainty. Hopefully you are in the 90's now Cheesy

More or less I think that you are asking about the odds that the "bottom is in" for this cycle, and that bottom is the $3,122 price from mid-December 2018 (seems so long ago, but of course, not as long as it seems).

So yeah, I believe that the last time that I mentioned anything related to whether the bottom was in, was a couple of weeks ago, when we were still in the sub $9k-ish... and in that context, I was attempting to suggest to 48 that he might want to just pay hairy for the bottom is in prediction, and I think that I suggested that the odds were quite less than 40%.. and maybe even more realistically in the sub 33% arena.

Currently, I would say that we might even be in the sub 20% arena.. and perhaps 25% if we are trying to be charitable to bears.  90% does seem a bit too high of an assignment currently, but we are likely 90% likely to not go below $1k or maybe $2k, but even that could be pushing it a bit to assert that level of certainty towards something that could be within the power of some rich folks, banks and or governments to update unite forces in an attempt to achieve (though again, seemingly unlikely - in the sub 25% and maybe more realistically in the sub 20% - to get any kind of event (or set of events including FUD spreading) that could even bring BTC prices to new lows, currently when there is decently ongoing UP momentum).

Edit:
Furthermore, this out of control baby bull BTC seems to be growing up too damned fast for his own good, and likely needs a bit of a spanking.... but none of us really know how to tame this bad boy... instead he is trampling all over the clowns in the stadium... and seeming to be a wwwwwweeeeeeeeeee bit pissed off about his upbringing.    Cheesy Cheesy Cheesy  Sucks to be a bullpen clown, these days..... Wwwweeeeeeeeee.

I like your probabilities(optimistic but reasonable), even if I am higher in the 90 percent(optimistic perhaps to a fault) plus range in terms of certainty that the bottom is in. The baby bull has grown faster than foreseen due to the Fed printing so much fiat steroids and infusing them into his food and water supply.

I still expect a major correction back into the 5-7k range and I believe if this happens then the fall will be so large that bears and weak hands will start calling for a new low to materialize before the halving. Even if these prices occur I will be over 90 percent sure imo that the bottom is in. I have more fiat ready to buy such a correction, but as Im over 90 percent net worth invested I don't care if it never happens and we march straight to 100k Cheesy If 3 months pass by without significant correction then I will probably just deploy the fiat and scoop up some more coin regardless of price.


@Central Bankers: We know you read this thread so listen up! You wont get one precious coin from me at sub 50k prices so stop calling my cell and pretending to be Microsoft technicians alerting me to a virus. I know who you are and what you really want Cool

Gosh.. sub $7k would surely be pushing it, so I am not sure why you are even thinking $5k, but hey think what you like.  Cheesy Cheesy Cheesy


Even getting down to $7k would be nearing a 50% correction from our current local top which was $13,880, and geez, odds of $7k could not be much better than 50% at this time.

I hate to elaborate too much on a variety of up and down short-term scenarios, because how I play my BTC does not change very much at all based on my expectations of short term cycles..

In regards to BTC, I just behave like a kind of robot by selling small amounts on the way up and buying on the way down (with proceeds from my sales and I might throw in a bit of dollar cost averaging from time to time, too), so yeah if we never go back down, then I just have a bunch of fiat which is not necessarily a bad thing to have - given that only about less than 1% of the world's population even has any kind of investment in BTC, the vast majority of folks out there in the real world will accept fiat for payment for goods and services. 

Not a bad thing to spend a bit of fiat, here and there once you have already decently established the size of your BTC stash to a sufficient level that it is pretty much going to last you for the rest of your life so long as BTC tends towards long term up (which is a kind of long term presumption of mine)... ... and currently, I kind of have $5k as my lower boundary of dire circumstances in terms of BTC hovering at or below $5k for too long.. yeah I am still profitable at $5k, but really I would prefer NOT to hang out there, so I don't want to be spending too much time close to $5k and worse yet to be spending any considerable time below $5k would not be fun at all for me in terms of my expectations of future preference for richie  (like a minimum of at least 5x richie rather than smaller amounts of richie.. which would not be the end of the world, just not preferable)....

So I guess I am spoiled in that regard with my supra $5k expectations for the future of BTC and readiness to move into BTC's future... again hopefully supra $5k from here on out.. even though I know, no guarantees but that is my current minimum expectations (or would it be worse case scenarios?) hope.  Which largely means that if my expectations are NOT too high, then there are almost certain odds that they are going to be met... still I repeat, 75% to 80% odds that the bottom (of $3,122) is in, and we are not having NO lower bottoms than that.
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June 27, 2019, 08:46:19 AM

Morning gentlemen!
Observing $12,150, looks like we’re going sub $12,000. You can look at this in two ways.

1.) Healthy correction, we were going too high, too fast. A correction is good, weak hands & profit seekers can fuck off, the real players can buy the dip as we consolidate & wait patiently until the halving & what it usually brings.

2.) We went too too high, too fast. People are selling, weak hands losing their balls & we’re going back to anything from $6,000 - $8,000.
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June 27, 2019, 08:49:03 AM

I just behave like a kind of robot
Wink
JayJuanGee
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June 27, 2019, 08:50:11 AM

Guys, of course it's not feasible to pump the price without having any drop.

Now I am curious to see whether this pump was a just a bull game or it will stabilize the price to a new low.

This market is crazy!

New low?

You mean below $3,122? 

Are you smoking something?
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June 27, 2019, 09:07:23 AM

OBSERVING BTCUSD @11,921
BTC broke 12K Support!
Bitcoin  is clearly DEAD!

Coinbase Offline As Cryptos Collapse, Bitcoin Loses $1500 In Minutes

https://99bitcoins.com/bitcoin-obituaries/

Next Hours are Critical!

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June 27, 2019, 09:12:11 AM

This is getting really ugly
JayJuanGee
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June 27, 2019, 09:13:50 AM
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This is getting really ugly

$3,122 here we come.

ded


wwwwwweeeeeeeee!!!




lol
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June 27, 2019, 09:15:08 AM

This is getting really ugly

$3,122 here we come.

ded


wwwwwweeeeeeeee!!!




lol

If that ever happens I’m pumping every last fiat penny I have in.
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June 27, 2019, 09:16:57 AM

You get a special pass since I think of you as the progeny I never had.

Here by my blessing upon thee.



Sweet.
Thank you uncle D, you know I love ya.

#

Back on  my laptop. I'm black now. Grin
Can someone please recap - with the fewest words possible - WTF has been going on the last month or so? JSRAW?
My alerts have been going bananas the last few weeks & I know BTC is dead. Tongue
Is r0ach & gembitz OK? How about jonoiv?
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June 27, 2019, 09:22:03 AM

Morning gentlemen!
Observing $12,150, looks like we’re going sub $12,000. You can look at this in two ways.

1.) Healthy correction, we were going too high, too fast. A correction is good, weak hands & profit seekers can fuck off, the real players can buy the dip as we consolidate & wait patiently until the halving & what it usually brings.

2.) We went too too high, too fast. People are selling, weak hands losing their balls & we’re going back to anything from $6,000 - $8,000.
If I have had enough BTC to risk, I would have sold at 13k waiting for a consistent correction and then going long.

Since I can't risk that, cause it could be just a little correction, I will watch the price going down to buy more.

This fluctuations are great for those who have a lot of liquidity.
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June 27, 2019, 09:27:07 AM

This is getting really ugly

$3,122 here we come.

ded


wwwwwweeeeeeeee!!!




lol
Honestly... I hope so Smiley

After the 2018 crash, it would be the proof that BTC can dramatically fluctuate without thinking about a collapse of the crypto system or whatever which caused many headaches to hodlers and investors, it's just speculation. Sounds good to me.
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June 27, 2019, 09:28:15 AM

This is getting really ugly
the ugly ones are more needy
so there's that
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June 27, 2019, 09:32:44 AM

And the dump begin, how far this will go? Hopefully not gonna fall below $10,000 again.
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June 27, 2019, 09:33:04 AM

So how low do you guys think we'll go?

I don't think it should get much lower from here but maybe we could see a similar pattern of 2016 june
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June 27, 2019, 09:33:59 AM

Alts going a bit green on CMC

flip flip


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June 27, 2019, 09:36:34 AM

This is getting really ugly

$3,122 here we come.

ded


wwwwwweeeeeeeee!!!




lol

If that ever happens I’m pumping every last fiat penny I have in.

I will admit that my current set up causes my buy orders to go down to only about $3,500, which really means that I would be running out of money, and have to do some scrambling to even muster together decent additional cash for prices to go down below $3,500 -  and so another way of phrasing that would be that I would have blown my whole load (or most of it) prior to even getting close to $3,500.

If we are being frank, the truth of the matter would be that at this time if  BTC prices even appeared to be going below $6k (or even getting close to that), then I would be inspired to regroup in order to pee pare my selfie for the possibility that our bottom of $3,122 could be tested again... though I would give it low chances until $5k support is broken then the odds begin to go up quite a bit, in my thinking.  

So, likely if it looks like we are getting close to $6k, I will likely use whatever fiat I have left in my BTC funds to restructure buy orders all the way down to $2k.. .. yet, since we are "still" in the supra $11k territory, there should be hardly any fear for me that we are even going to get close to $6k, right?  That's how I feel right now.. little fear, and nice to have more than a $5k cushion between here and $6k in which I have buy orders staggered all the way down in relatively tight intervals (doing my part here to support the price all the way down).  

So, I am not even close to worried, yet.  I am just glad that we had so much BTC price appreciation over the past months (really starting April 1) that I have so much cash on hand  that I can put to good use to buy BTC, in the event that the price continues to go down.  

Thank you very much to BTC for having had gone up so much.    Kiss Kiss Kiss  More up would be good, too (even preferable), but I can accept that she might not want to go up more, just yet.
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June 27, 2019, 09:36:58 AM
Merited by mindrust (1), Majormax (1), El duderino_ (1)

Morning gentlemen!
Observing $12,150, looks like we’re going sub $12,000. You can look at this in two ways.

1.) Healthy correction, we were going too high, too fast. A correction is good, weak hands & profit seekers can fuck off, the real players can buy the dip as we consolidate & wait patiently until the halving & what it usually brings.

2.) We went too too high, too fast. People are selling, weak hands losing their balls & we’re going back to anything from $6,000 - $8,000.
If I have had enough BTC to risk, I would have sold at 13k waiting for a consistent correction and then going long.

Since I can't risk that, cause it could be just a little correction, I will watch the price going down to buy more.

This fluctuations are great for those who have a lot of liquidity.

That’s how people in this thread end up being NOCOINERS.
You can’t play this market & expect to come out on top. You might get lucky but what if we surged to $20,000? You’d be sitting on a load of fiat with 0BTC & you’d end up buying back in higher.
Trading is a fools game.

Wait until a year or so after the halving & then sell.
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June 27, 2019, 09:39:25 AM

So how low do you guys think we'll go?

I don't think it should get much lower from here but maybe we could see a similar pattern of 2016 june

Best case scenario: $11k

Medium case scenario: $8k

Worst case scenario: $5.5k
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