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

[ivomm]

Good morning WO! I see a lil weak hand shake out happened during the night. Traders must have their cut off losses, this is part of the game. I guess some of them are selling in expectation of some 2017 style correction like 30-40% from the last top. But this time it is different. The big institutional buyers are leading the charge. This never happened before in the history of Bitcoin. They are not looking for short terms profits not to mention cut losses. And indeed in the last 8 months we had only one noticeable correction of 20%. It remains to be seen if this tendency will continue. So far 10%.  

[El duderino_]

https://twitter.com/bitcoinmemehub/status/1331741230905118732?s=21

[Wekkel]

... But this time it is different. The big institutional buyers are leading the charge. ...

Institutional investors are not both (long term) accumulating HODLers and Traders. So take your pick.

There is no reason why traders could move price down 20-30% in a classic 'good' dip.

[P_Shep]

Well this is very ungentlemanly.

[nutildah]

Very unbecoming of gentlemen.

[HairyMaclairy]

Come back in January my colleagues

My magic wand says we bottom around $13 -15k but it may take a couple of weeks to fall that far. 

[nullius]

A gentleman breaks bread with his enemies.

[Wekkel]

Come back in January my colleagues

My magic wand says we bottom around $13 -15k but it may take a couple of weeks to fall that far. 

Seconded, although I think it will be $15k rather than $13k

[El duderino_]

Come back in January my colleagues

My magic wand says we bottom around $13 -15k but it may take a couple of weeks to fall that far. 

Seconded, although I think it will be $15k rather than $13k

Or UP soon-ish

[NeuroticFish]

Or UP soon-ish

More likely. 2017 started with 1000$-ish price while previous ATH was 1200.
Now the previous ATH is almost 20k and we have already reached 19k. I expect January start at well over 19k too, which may not give it too much time for falling.

[600watt]

Come back in January my colleagues

My magic wand says we bottom around $13 -15k but it may take a couple of weeks to fall that far. 

Seconded, although I think it will be $15k rather than $13k

yes, let the indicators cool off a little. let the mainstream media have their "bitcoin is crashing" narrative. let's go back to work. the coming dip will result in the lowest prices possible to buy before we go to new ATH, most likely beginning of next year. this is the dip a lot of folks are waiting for. last chance for nice discounts on btc.

it will be funny for those pre/no-coiners that have not paid attention to bitcoin lately. they will read "bitcoin crashed" and in their mind btc is still around 8k or 9k. bitcoin crashing to 14k will be very weird news for them  

[Syke]

Who spooked the honey badger?

[dre1982]

Well this dump was expected. Wondering how deep this will go this time.

[montaga]

In times like this

[aesma]

Good morning everyone !

I guess I jinxed it !

Fortunately there are no negative merits on the forum :d

Time to call nocoiners and tell them to jump in.

[fillippone]

Another stupid Twitter account making fun of Bitcoin newbies:

https://twitter.com/fillippone1/status/1331881927012462594?s=20

[P_Shep]

At least I 'took some profits' near the top to get a new laptop

[dragonvslinux]

As longs get rekt and liquidated, I think it's the appropriate time to share the following video  
https://www.youtube.com/watch?v=tOzUV2uq0xE

[BlackHatCoiner]

Okay, what the actual fαck happened.

[ivomm]

On Coinbase BTC/EUR fell to 11440, while on Bitstamp 13650 lolz