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

[Torque]

The ignorant masses see Bitcoin and PMs rising in price and think it's because they are in some kind of speculative bubble.

It's called "real value assets repricing against a plummeting dollar."

[JayJuanGee]

#Bitcoin is ready to rip to all time highs.



Twitter post: https://twitter.com/JJcycles/status/1290995194519838720

Is Bitcoin really going to be the best ever and is it going to happen?

I don't understand the need to speak in superlatives.  Ok.  sure, bitcoin is likely the best, and sure bitcoin is likely going to be the best into the future, because bitcoin has a lot of strong fundamentals that are continuing to persist and continuing to NOT get fucked up.  On the other hand, we are taking a snapshot in time, and even though we have a current status that sets bitcoin up for continuing to outperform other assets, there are no guarantees in bitcoin or in other aspects of life, including the extent to which other assets or other human behavior can play off of bitcoin in one way or another - multi-causal influences that contribute to a certain amount of unknowingness in the future, even if the past can be described with more absolute-isms because the past has already happened.

Although Bitcoin has a lot of potential is bitcoin just moving at its own pace or is bitcoin being influenced by something?

multi-causal influences - and likely there would be only small likelihoods that value would gravitate into bitcoin all of a sudden... the whole bitcoin system just does NOT seem set up to handle all-at-once gravitation of value, even if bitcoin is the most sound of assets, currently... and even if bitcoin would just have to absorb whatever value it could take, if it were presented with such an unlikely scenario in which all value would be redirected towards it.

Another reason that it would be unlikely for all of the value to be directed into bitcoin would be that currently, bitcoin still remains so damned small (something like less than 1% world adoption), so it hardly even makes sense that a lot of value would flow into bitcoin until it first gradually grows (and gradual can also seem like exponential while we are caught int the middle of trying to recognize and appreciate such "happening" growth).

[LFC_Bitcoin]

Meanwhile: closing in on 12k.... 

$13,000 by the end of the week? What odds are you giving me on that, hey?

[JayJuanGee]

I LOVE it when one of my random lines I drew last week is about to get punched.

I know I had some sort of rationale for this one...

Yes, you did.

Rationale = random.  




 

Meanwhile: closing in on 12k....  

$13,000 by the end of the week? What odds are you giving me on that, hey?

Potential next resistance point seems to be $13,880 - but geez, timeline must be one of the BIGGER difficult matters to pinpoint

... and geez, end of the week you are saying, LFC?  You must be talking about just a wee bit more than two days from now?  Perhaps it could happen?  Perhaps.  

I would concede that $13k is significantly easier to reach and exceed than $14k currently, and not merely because $13k is closer than $14k (but that closeness is an undeniable, real-world, technical factor) but because $14k can only be reached after going through $13,880 resistance, to the extent that such resistance really does exist and such resistance is not merely a product of our collective perhaps, shell
shocked/PTSD? fears.

In other words:  go bitcoin go (doesn't someone else say that?) 

[Phil_S]

$13,000 by the end of the week?

$12,500.

[wxa7115]

Edit: sorry for the formatting I tried to use a table and when I previewed the post everything seemed fine but it did not displayed correctly for some reason.

Tables can be a pain. You need to either use non-breaking spaces or redundant characters, such as underscores or dots, to set the width and prevent wrapping. If you use redundant characters, you can hide them with [color=transparent]. e.g.

____________________________________	________
From 28 NOV 2017 to 30 JAN 2018	63 days
From 01 FEB 2018 to 01 FEB 2018	1 day
From 16 FEB 2018 to 21 FEB 2018	6 days

Other option is to use the [pre] tag and just align everything like you're using a 90s word processor.

Interesting data by the way!

Thanks for the heads up, I am bookmarking this as a reference.

[cAPSLOCK]

I LOVE it when one of my random lines I drew last week is about to get punched.

I know I had some sort of rationale for this one...

Yes, you did.

Rationale = random.  

Random line that was randomly support, and now randomly resistance is randomly acting like it's really doing that.  

[Wekkel]

Random line that was randomly support, and now randomly resistance is randomly acting like it's really doing that.  

https://i.imgur.com/iMa6VhV.png

You are mastering TA very well 

[JayJuanGee]

$13,000 by the end of the week?

$12,500.

I have been becoming such a quibbler in recent times... but there seems to be a theory that past points of resistance will continue to serve as future points of resistance, even though the degree of their resistance may or may have not been changed based on subsequent BTC price moves...

So we had $12,100-ish.. and then we get $13,880-ish.....

What I am saying is that both of you are picking numbers that are really in the middle of those other seemingly more logical numbers, which just seem like the two of you are picking random and "awkward" numbers rather than numbers that would logically have much if any meaning - beyond mere luck or randomness, amiNOTrite?  this time?


I have an awkward feeling, like this:

[edited out]

Random line that was randomly support, and now randomly resistance is randomly acting like it's really doing that.  

Exactly!!!!!

It's awkward as fuck.   

 

[cAPSLOCK]

Random line that was randomly support, and now randomly resistance is randomly acting like it's really doing that.  

https://i.imgur.com/iMa6VhV.png

You are mastering TA very well 

Is it time for me to start a thread where I predict things and am followed by a faithful throng?

Or not quite yet?

[Philipma1957cellphone]

The ignorant masses see Bitcoin and PMs rising in price and think it's because they are in some kind of speculative bubble.

It's called "real value assets repricing against a plummeting dollar."

I SEE that and more.

[ssmc2]

Once we break the ATH we're going to see the real pump 

[goldkingcoiner]

Once we break the ATH we're going to see the real pump 

I don't think so. We are going to see a shaking before we see a climb. If I have learned anything, its that Bitcoin trading is 99% fomo and 1% more fomo.

[JayJuanGee]

Random line that was randomly support, and now randomly resistance is randomly acting like it's really doing that.  

https://i.imgur.com/iMa6VhV.png

You are mastering TA very well 

Is it time for me to start a thread where I predict things and am followed by a faithful throng?

Or not quite yet?

One of the significant steps towards actual sorcerer status is passing through sorcery wannabe status first.   

[cAPSLOCK]

Random line that was randomly support, and now randomly resistance is randomly acting like it's really doing that.  

https://i.imgur.com/iMa6VhV.png

You are mastering TA very well 

Is it time for me to start a thread where I predict things and am followed by a faithful throng?

Or not quite yet?

One of the significant steps towards actual sorcerer status is passing through sorcery wannabe status first.   

Hmm.  Could be an issue.  I don't really want it at all.

But there's this... just sayin...

[JayJuanGee]

Random line that was randomly support, and now randomly resistance is randomly acting like it's really doing that.  

https://i.imgur.com/iMa6VhV.png

You are mastering TA very well 

Is it time for me to start a thread where I predict things and am followed by a faithful throng?

Or not quite yet?

One of the significant steps towards actual sorcerer status is passing through sorcery wannabe status first.   

Hmm.  Could be an issue.  I don't really want it at all.

But there's this... just sayin...

Probably, I should NOT have appeared to challenge your seeming insightfulness.



#Justnotsaying.

[Phil_S]

Any random line can be followed for a few hours. Or so it seems.

Just not for long.

[machasm]

The ignorant masses see Bitcoin and PMs rising in price and think it's because they are in some kind of speculative bubble.

It's called "real value assets repricing against a plummeting dollar."

Too right Torque.
Damn running a little lean on merits. Ah f*ck it. Have one

[rjclarke2000]

Is this gentlemen?

[Toxic2040]

am willing to find out

Quite impressive.

I mean, 191 frames GIF under 1 meg!

What kind of technological sorcery is this?