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

[kurious]

Well, the top of this channel didn't last as a support line. Looks like it could even drop to the bottom of the channel now; around 9K or a touch under, before it bounces.

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[Toxic2040]

the late edition wall report


Selling continues as bitcoin is trading below $9.8k tonight. Significant volumes across the markets signify more volatility is probable.

#dyor
4h


#btd
D

#stronghands'19

[AlehandroTheGreat]

This thing happening every 3 years, Big blasting pump on btc make investor buy bitcoin high, then all are sitting and waiting.... I am sure we will get closer to 8500 in this two days... Only one thing  can manipulate price - bitcoin halving, it will be in may 2020... If price will not jump, miners will be off and transactions will stand for ages.... for me better to wait 2020 now

[wwzsocki]

I am watching BTC price for almost 4 years daily and what I see today on the chart tells me that we are going down. For such a perma bull as me is not the best news but I hope that after this crash we will see again bulls taking over the market.

TA looks bad and we will see the price of 9000$ or even 8000$ for a single BTC soon. This is the daily chart for me looks obvious bearish.



And here the 4-hour chart which shows that bears are again in control of the market. Weak hands keep selling and accumulation should start at 9000$ or 8000$ levels.

[DeathAngel]

This thing happening every 3 years, Big blasting pump on btc make investor buy bitcoin high, then all are sitting and waiting.... I am sure we will get closer to 8500 in this two days... Only one thing  can manipulate price - bitcoin halving, it will be in may 2020... If price will not jump, miners will be off and transactions will stand for ages.... for me better to wait 2020 now

Not sure what you mean, it’s not better to buy in 2020, now is the time to buy because we’ll likely get a massive rise after the halving.

If you mean best to wait until 2020 before thinking about a big rise then yes, you are right on that.

[El duderino_]

Starting to dislike 4-dig .....

[JSRAW]

Not enjoying this downtrend but this is funny
https://twitter.com/MasterChangz/status/1145931912810131456?s=19

[Majormax]

The resistance is broken, hope 9500 holds. Just like 2017, after the massive run, now begins the fall. Think this correction is gonna last a few weeks. Who's selling off in this dip? Let's see what is the bottom line this time.

It is the shape of the rise recently ended that is dictating the form of the fall. It was an exponential, or parabolic rise, which <always> ends in a crash.

https://bitcointalk.org/index.php?topic=178336.msg51578145#msg51578145

Now the top is clear at 13.5k, a normal retracement would be 50%, 61% or 85%.  The 85% is unlikely because that would be another crypto winter (and recovery might be years in coming).

50% gives a target of just below 7k, and that would be consistent with the long term support.

It was unfortunate that the price went too far, too fast.


It's a low probability, but, <if> the price bounces from a higher level, and quickly returns to new highs, that would negate the bear case (and would actually be a very bullish scenario)

[LFC_Bitcoin]

Starting to dislike 4-dig .....

More time to buy cheap coin but I’m not happy about it either. I’ll probably make my target of coins now though.

[gallianooo]

Back again to 5 digits !

[DeathAngel]

Is that a small green candle I see?

[Phil_S]

Wow. 10160. This is completely unexpected.

[NeuroticFish]

Wow. 10160. This is completely unexpected.

Yup. I like the look of this morning.

[HairyMaclairy]

Do you agree that Trump should be elected president for life?

Is North Korea the right model for the USA going forward?

What's up with crazy questions?

Trump is the one who wants to be president for life.  Just checking if he is “normal” or a “right wing loonie”. 

[HairyMaclairy]

Wow. 10160. This is completely unexpected.

Bull trap

[fragout]

Wow. 10160. This is completely unexpected.

Bull trap

Clearly a round head reverse Bart

[stadus]

Back again to 5 digits !

Yeah, it bounce back hard, and are we gonna see a new high again, like $14K soon?

Let's watch if this is a real bounce back, or just a bull trap? LOL

[tranthidung]

Yeah, it bounce back hard, and are we gonna see a new high again, like $14K soon?

Let's watch if this is a real bounce back, or just a bull trap? LOL

It is too soon to have a real bounce back. IMO, it is a bull trap for bitcoiners. I believe that bitcoin might witness two waves of serious crashes, with each crash forces the price of bitcoin down around 22 percent. We already witness one crash, and the rest might occur soon. This one, from the range around $10,000 might force bitcoin falling to $8,000. Yeap, I don't see worse scenarios in which bitcoin might fall deeper than $8,000.

[Gyrsur]

it was the test of the 38.2% fibo retracement level, guys. hoping this was it.

[LFC_Bitcoin]

Observing $10,215.

We’re either going to $10,500+ or $9,800 & maybe below. I don’t think there’s any way we’re going to go sideways.

Expect extreme volatility, no way would I be day trading into this beast.

The next 24 hours are critical.