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

[Globb0]

(above) 10k seems like a stop for me

[JayJuanGee]

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

I'm thinking lower $9ks would be reasonable, but bitcoin does not tend to be reasonable.  except when she wants to be, which again seems to be rare.

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

Whoa zah... that sounds worse than I was thinking.

[Globb0]

Where is Roach?

[mindrust]

Honestly... I hope so

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.

You should only sell when you are done with this completely.

If you are going to cry about the next ATH after you sell, don't.

Set yourself a target networth and start DCA'ing till you reach that target. Even when you reach your target it is probably a good idea to save 1 bitcoin just in case.

[ivomm]

The first support at 11800 was breached. The next support at 11200 holds so far. This is the price range since the crazy run began 2 days ago. Practically it was completely denied. It's around 19% correction from the AYH 13880. There is no reason or news related to the crash, so it is not logical to have additional 10 or 20% crash. The most probable scenario is to reclaim 12K until the end of the week and set a new AYH after a week. We are still in a bull market! Let the weak hands get their 1%-stop profit or even 10-20% "cut loss". We just need to stay above 10K for some time in order to breach 20K and stay above it for new highs like 50-100K in 2020!

P.S. As I was writing a good bounce to 11800 occured, which may be enough to stop the panic sells.

[LFC_Bitcoin]

Observing $11,794.

Is the shit show over? The wounds bandaged?

[Majormax]

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

I'm thinking lower $9ks would be reasonable, but bitcoin does not tend to be reasonable.  except when she wants to be, which again seems to be rare.

Could be. The recent parabolic rise looks like it is now ending. It went a lot higher than most expected in such a short time frame. A normal retracement would give a target in the region of 7-9k, leaving the bull case intact. ...could take around 3-4 weeks to get there.  The alternative is increasing volatility and a quick return to new highs.  Whatever happens , a lot of speculators will get burned when the rise ends, and it takes time to flush their left-over effects out of the market.

Still a conjecture until the next few days plays out.

[kenzawak]

1. We have no clue what's going on.
2.One BTC is still one BTC
3.We're fine, BTFD

[NeuroticFish]

Medium case scenario: $8k

Worst case scenario: $5.5k

I'd say that these numbers are a bit too pessimistic at the current time.
Isn't it just a stop for gaining more steam... (and wait for the altcoins)?

Alts going a bit green on CMC

flip flip

You made me hope for a second, but.. no. Most of the altcoins that matter for me are deep in blood.

2.One BTC is still one BTC

There was the saying 1 DOGE = 1 DOGE all the way down from 200 satoshi to 20 satoshi.
I don't like anymore this kind of saying.

[wayna]

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.

Actually I have been pretty strong to hodl even when I could sell, so I am super prudent before losing any BTC.

Indeed, I would play this tricky game only if I had a reasonable amount of coins to be shielded from a possible mistake.

[bitcoinPsycho]

How about this one :once a shitcoin always a shitcoin

[wayna]

Honestly... I hope so

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.

You should only sell when you are done with this completely.

If you are going to cry about the next ATH after you sell, don't.

Set yourself a target networth and start DCA'ing till you reach that target. Even when you reach your target it is probably a good idea to save 1 bitcoin just in case.

Thanks for the advice.

I already don't go all in at a certain price but I try to stay into the flow of the market targeting different prices.

[bucciarati]

beat that bear trap!

[alevlaslo]

https://twitter.com/bmstu777/status/1144189459941994496?s=20

[dyask]

Where is Roach?

Avoiding daylight.

[UnDerDoG81]

Bitcoin is dead right?

[El duderino_]

Btw with this Gif... Elwar posted it a lot and always said wake me up at 10K or when 5-digits....

Anyone already woke him??

[El duderino_]

THX for a 15KHAT XhomerX on to the next one and as you see the HAT was needed

Also good afternoon WO's keep strong keep the HODL and woooow we still manage to be here F*** we came from far !!!!!!

[fillippone]

THX for a15KHAT XhomerX on to the next one and as you see the HAT was needed

When? Where did you get that Hat! Mic! You must have a secret communication channel with the master of hats!

I want an italian version of that hat xomerx!

[nutildah]

Why do you think anyone here is interested in your posts? Let's review some important nuggets of information you've left here. Here's one pulled at random.

domination only grows in XRP, ETH and BCH https://coinmarketcap.com/charts/#dominance-percentage

update since Jan 1st 2018:

XRP: 14.4 to 5.4, down 63%
ETH: 12.2 to 9.8, down 20%
BCH: 6.9 to 2.3,  down 67%

In short, everything you've ever posted here has been garbage, and if you could be banned for being consistently wrong then you would have been a long time ago.