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February 19, 2020, 11:46:50 PM *
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Question: Is this the last time we see sub-$10K?
Yes - 36 (45%)
No - 44 (55%)
Total Voters: 80

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21529291 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (142 posts by 32 users deleted.)
JimboToronto
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September 24, 2019, 08:20:30 PM
Merited by 600watt (1)

Wow. Nice dip. Too bad I didn't have a bunch of spare fiat laying around to take advantage of it. Oh well.

Seems to have bottomed out around $8k.

It sort of reminds me of the Sept 2017 dip when it crashed all the way down under $3k after hitting $5k in August.

Let's see what Nov/Dec bring.
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nikauforest
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September 24, 2019, 08:21:52 PM

I just woke up to some of my buy orders getting filled. Here is a fractal that may play out. I am not expected a V bottom in any case.

HairyMaclairy
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September 24, 2019, 08:23:16 PM

Daily RSI nicely into the oversold zone.  Funds wired - can’t help myself but take a little nibble of physical.  Still holding plenty in reserve.  


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September 24, 2019, 08:23:36 PM

mindrust
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September 24, 2019, 08:25:53 PM

Mayer Multiple is 1.0, just like when it was at $5k last time.

Screaming: BUY TIME
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September 24, 2019, 08:28:14 PM
Merited by 600watt (1)

Down is the easier manipulation,

Shorts and then dumps, but that is not sustainable as the resistance grows with each drop. Unless capit I suppose.


I expect when down gets harder? then up


HairyMaclairy
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September 24, 2019, 08:28:46 PM
Merited by 600watt (1)

Good solid volume on the volume oscillator (bottom bar).  This is a potential capitulation event to seal off the baby bull and move to adolescent bull.  Would like to see volume higher still though.  You want the volume candle to look like a giant fuck off finger and we aren’t there yet.  

proudhon
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September 24, 2019, 08:28:51 PM

Mayer Multiple is 1.0, just like when it was at $5k last time.

Screaming: BUY TIME

Maybe if you're a careful day trader, but ultimately this thing is on its way to sub $1,000. Bitcoin simply cannot sustain anything more than that. It certainly will never be worth more than $10,000 again.
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September 24, 2019, 08:31:10 PM

New bearish cycle  Huh  Cry
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September 24, 2019, 08:32:16 PM

So statistics were telling the truth,

descending triangles are indeed mostly a bearish formation.

I shouldn't forget this next time.



200DMA is trying to hold. The battle is not over yet.
Globb0
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September 24, 2019, 08:32:34 PM

Oof right in the nuts!

 Shocked
LFC_Bitcoin
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September 24, 2019, 08:34:49 PM

Oof right in the nuts!

 Shocked

No need to worry my friend, just shaking out the weak hands. I really want to pull the trigger & buy but I’m going to sleep on it & see if we’ve dropped further in the morning.
El duderino_
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September 24, 2019, 08:37:57 PM

Mayer Multiple is 1.0, just like when it was at $5k last time.

Screaming: BUY TIME

Maybe if you're a careful day trader, but ultimately this thing is on its way to sub $1,000. Bitcoin simply cannot sustain anything more than that. It certainly will never be worth more than $10,000 again.

Like last time....?? Cheesy
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September 24, 2019, 08:42:59 PM

Long / short ratio drops below 2.0 for the first time since $6k.  Is the elastic band about to snap and hurl us the other way?

That would be a perfect play of my Bakkt prediction which is asking a bit much
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September 24, 2019, 08:43:55 PM

Volume.   Check!

Stamp had a 7998 stab eek
El duderino_
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September 24, 2019, 08:45:30 PM

Volume.   Check!



Green dildo in sight??

Mic would totally agree Cheesy

Provide me a dildo please or the queen has to pay cause lack of intrest Roll Eyes
El duderino_
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September 24, 2019, 08:46:27 PM

Btw I voted 20K

Just in case of the BAKKT warehouse would fill up  Cool
Globb0
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September 24, 2019, 08:48:13 PM

RSI in the gutter. Up from here? seems some pause for breath at least.

Raja_MBZ
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It's over $9000!!


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September 24, 2019, 08:50:58 PM

BSV'ers think that that they're no longer correlated to BTC price movements...



They're correct. No other coin is that down!
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September 24, 2019, 08:52:45 PM

RSI in the gutter. Up from here? seems some pause for breath at least.



Local low of $7998 would be a great place to bounce from

Just increased the size of my DCA long by 10% in a single market order. I guess it’s not pure DCA anymore.

That will do for today.  Let’s sit back and watch. 
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