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

[Alexander_Z]

Anyway, for me things are quite simple at the moment. Bear market is clear now. It's not the time to buy, just monitor, maybe even sell and buy back below 8k. There is nothing to indicate we break that white line. It is just gambling at this stage.

Agreed. Of course, bitcoin is unpredictable, so I do not sell (and will not sell) anything from my main stash (most of which was acquired long ago), but buying now is not a good idea. It is probable that in the coming months there will be a lot of opportunities to buy. $6.4K is possible, maybe it even revisits the $5.8k-6.0k zone. I can only hope that it will not go lower than that and that $3k was indeed the bottom.

[JayJuanGee]

[edited out]

I appreciate your opinion.
I first got into Bitcoin in July 2017, was very lucky that year obviously. But since February 2018 I am more into technical analysis and trading. What I saw in 2018 was mostly the price of Bitcoin dictated by trading tools and not much else. But well of course nothing is written in the stone. I am just very confident about this 12.4k price that we need to break. I am curious to see how it unfolds.

Of course, part of the purpose of this forum and this thread is to bat around ideas related to bitcoin, and surely whether to trade or how to trade or strategies to increase your wealth seem quite relevant discussion points.

Also, you likely realize that even though we might not really know the trend until looking at the price movements retrospectively, but any of us would have been quite profitable to have been a buyer and accumulator in 2017 and would have had much better odds to short or to sell in 2018, although any of us could have gotten caught on the wrong side of any trade because even in early  February 2018, bitcoin had already corrected all the way down to $6k from its $19,666 December 2017 highpoint.

In the end, also there might not be as much of a certainty to BTC price direction as there is seemingly more certainty that bitcoin is going to continue to be volatile, just as it has been volatile for its whole life.  So, any way to either take advantage of price volatility or at least to have strategies that provide some practices that provide some price volatility insurance, can be very good practices in bitcoin, even though in the very longer term, if BTC investors are able to hold onto their investments for 3.5 years or longer, then those have also ended up being decently profitable strategies, and even more profitable if there is a longer timeline in which BTC investors are ready, willing and able to hold onto their BTC.

Regarding your confidence about some kind of resistance at 12.4k, maybe you are right, but surely I personally am taking such number with a decently sized grain of salt regarding the extent to which such a number is significant of anything.  We will see.  We will see.  At least we can agree on that part.  The wait and see part.     Continue to talk smack, too,... no problema.   

[Last of the V8s]

BTW for any of you guys that didn't see the end of the Steelers/Browns game.

https://www.youtube.com/watch?v=iT_EjH1_xZc

thanks that was ... fun? we'd call it 'handbags', short for handbags at dawn, the idea is grown men behaving like little old ladies fighting with their purses.
would love to know who gets what sort of penalty.

[STT]

It's not the time to buy, just monitor,

I dont disagree exactly, I might be one of the most negative observers as I thought since July once we leave the direct uptrend that oh it'll go down now.   Its never that simple, its done alot since then with plenty of opportunity both directions.    
    Every time its been in this quiet phase though the price can be declining I wouldnt say its as negative as people might feel.   The dangerous point to buy is in the peak prices, people feel confident but 13k was where the worst returns were but now its far more reasonable.   What differs is the time frame people consider, any idea of buying in this environment where we track sideways and price is consolidating I think the buy has to be on a regular basis.   So a buy in November should pair with a buy possibility in April or May , just like a year ago did not appear to be the time to buy either (+ it did fall further still) but in retrospect we see most of the negative was already in the price.
   I've made this mistake before of being too negative when it was quiet and idling, if anything the averaged flat line type of action (rather then in trend moves) is just the marathon stretch to price action more then the sprint but doesnt mean BTC isnt moving forward still.

Crossing 8820 is a negative I think as its relates to ATH and top pricing in May and very roughly 2018 but better guidance near term is 50 day average.   We havent yet closed the weekly bar below 8820 since the last big rise so theres that to watch.

[Last of the V8s]

I am new to the internet so forgive me if this is an old'un. It could equally go for the parties in my country.

The modern usages though deserve a grumble like.

[ivomm]

It's not the time to buy, just monitor,

I dont disagree exactly, I might be one of the most negative observers as I thought since July once we leave the direct uptrend that oh it'll go down now.   Its never that simple, its done alot since then with plenty of opportunity both directions.    
    Every time its been in this quiet phase though the price can be declining I wouldnt say its as negative as people might feel.   The dangerous point to buy is in the peak prices, people feel confident but 13k was where the worst returns were but now its far more reasonable.   What differs is the time frame people consider, any idea of buying in this environment where we track sideways and price is consolidating I think the buy has to be on a regular basis.   So a buy in November should pair with a buy possibility in April or May , just like a year ago did not appear to be the time to buy either (+ it did fall further still) but in retrospect we see most of the negative was already in the price.
   I've made this mistake before of being too negative when it was quiet and idling, if anything the averaged flat line type of action (rather then in trend moves) is just the marathon stretch to price action more then the sprint but doesnt mean BTC isnt moving forward still.

Crossing 8820 is a negative I think as its relates to ATH and top pricing in May and very roughly 2018 but better guidance near term is 50 day average.   We havent yet closed the weekly bar below 8820 since the last big rise so theres that to watch.

In early 2019 the same 'experts' said it is not the time to buy at 3100. When we were at 5K, they said: it will come back to 3100, we will buy then. At 6K: it will come back to 4k, we will buy then. At 9K: it will come back to 6k, we will buy then... Well to the surprise of all, we went to 13800. Then we went back to 7400. And they still  said it is not the time to buy. Then we had the historic 42% pump in 12 hours. Now, they say the same. My point is that obviously all these people don't have enough respect and belief in Bitcoin. Bitcoin is not like some shitcoin that will certainly die in 2-3 years. Bitcoin will be still here and sooner or later the price will surpass 100K. If you don't belive that you can set a lower target - 50K, or 30K. But you have to believe. Otherwise, you have no chance in this game! And if you set your profit in terms of 5-fold, 10-fold, etc. why risking waiting for 10% drop to enter? I don't get it. Really! It is like the diet - I will start from tomorrow. And tomorrow never comes!

[El duderino_]

^
To many people wanna get a grip on BTC and be the one that predicts the outcomes or whatever and many wanna spread fear, but from years of being involved I just figured out no one will be able to tell you the sure things and we can only rely on the fundamentals and long term perspective which are amazing ....

I do like some sober approaches by some guys, and yes I have some fun and hopium injections out of the permabull predictions

[El duderino_]

Btw way whadd'up and who's in for a ^

Lets hope

[LUCKMCFLY]

If the best option is HODL!

When in doubt? #HODL.

Not holding #Bitcoin on Dec, 7 2017 means you would have missed its largest daily absolute gain of $3,608 (25%).

The chart below (from May 2013, when $BTC hit $100) to now shows the impact of the best performant days on the annualized avg. daily returns.

Source: https://twitter.com/BinanceResearch/status/1194919127065878529

[DeathAngel]

Btw way whadd'up and who's in for a ^

Lets hope

The DeathAngel is always ready for a weekend pump. Bring me 5 figures, if there’s any whales listening.
Let’s fast forward to the halving and $20,000 per BTC, I’m bored of this 8k, 9k crap now.

[bitcoinPsycho]

HODL mother fuckers

[jojo69]

well

at least we have each other...

[bitcoinPsycho]

well

at least we have each other...

and bitcoins lol

If it keeps dropping I'm going to have 2 dip into my Christmas fiat stash fomoing all over the place

[Dabs]

You can use Escrow with other people just not with our group ( Escrow has no future )

I beg to disagree, but feel free not to use escrow. No one is going to send up front, the era of "pre orders for miners" is over. Results first. Then you get paid.

No work. No pay. I think it's quite simple and fair.

Anyway, you can continue as you wish. Maybe look for another way of getting funded, another group, ...

[xhomerx10]

.. genius, Hueristic. ...

Hey u used an oxymoron!

But, I was thinking that BTC prices could go up, but on the other hand they could go sideways or down, in the event that they do not go up.  but in the event that they do not go either sideways or down, then surely the odds are considerably high that they must go up. 

Surely any of us is correct in our BTC price predictions, so long as we make sure that we cover all possible BTC price directions.  But then are we saying anything?

unequivocal Logic there.



BTW for any of you guys that didn't see the end of the Steelers/Browns game.

https://www.youtube.com/watch?v=iT_EjH1_xZc

 The Steelers are my team but I missed the game last night. Based on what I see in the video you posted, Myles missed reading his horoscope yesterday too.



credit: https://www.horoscope.com/us/horoscopes/general/horoscope-general-daily-yesterday.aspx?sign=9
 
 

[Icygreen]

Last time I started to be worried and depressed we rallied from the bottom. Not sure if I feel depressed enough already... but it's not that far.

On the other hand I still think we are somewhat ahead on price schedule and that's probably the reason I am not so much worried.

As soon as I feel like the sky is gonna fall onto my head I will let you guys know so you can act accordingly. DYOR though.

I am starting to think we need one final capitulation event (which doesn't mean a lower bottom) before the halving rally. We will see.

HODL.

Somebody just needs to give away 50 BTC for Kryptonianus, who speaks in plural of himself (like an emperor).
Everything will be fine after!

Please don't invoke that clown. It was funny the first few times, but not anymore. And please no more escrow offers either

....snip....

Well now that this scammer is around again, was listening to some podcasts on YT and autoplay regurgitated a recent one between Richard Heart and John McAffee. Before my ears start to bleed, I found it very interesting that RH thinks Bitcoin's price will not rise without a strong advertising team. Sound familiar?  

[LFC_Bitcoin]

@ziggamon
On the mempool today. Someone is cleaning up 100 MB of bitcoin transactions in their wallet. These are all at low fee and not causing any disruptions anywhere. Business as usual, just someone somewhere doing much needed a fall cleaning, nothing to worry about.
https://twitter.com/ziggamon/status/1195273781918543872?s=21

[BitcoinGirl.Club]

Good afternoon WO!
Observing @

[jojo69]

No work. No pay.

.

[BitcoinGirl.Club]

@ziggamon
On the mempool today. Someone is cleaning up 100 MB of bitcoin transactions in their wallet. These are all at low fee and not causing any disruptions anywhere. Business as usual, just someone somewhere doing much needed a fall cleaning, nothing to worry about.
https://twitter.com/ziggamon/status/1195273781918543872?s=21

and most of them were 1 sat/Byte