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

[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

[notocactus]

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.

[notocactus]

The next 24 hours are critical.

Yes, it is a key point when Bitcoin might witness its another crash, the second one after its latest spikes around $14,000. This time, bitcoin might crash to $8000 to $8200. Then, the King might jump into its new re-accumulation phase. From $14,000 to around $10,0xx, and next wave will be from $10,000 to $8000 - $8200. 

[wayna]

I expect another crash within the next two days.

[vroom]

new people posting on WO predicting doom and bear love, this can only mean one thing. we are going up and not down

[Phil_S]

Trump is the one who wants to be president for life.

That was probably a joke. Anyway I'm not sure why we have to answer crazy questions. Ask him.

[GreatArkansas]

new people posting on WO predicting doom and bear love, this can only mean one thing. we are going up and not down

I think those people are still waiting for 'some pullbacks' to buy more Bitcoin.
The more bearish they are, the more accumulation opportunity they missing.

Well, they have their own speculation, we can't judge them 

[serveria.com]

I expect another crash within the next two days.

Source? Straight outta your ass most probably?