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

[windjc]

Price is tanking. Deal with it.

Price is going up. Deal with it.

[okthen]

Price is tanking. Deal with it.

Price is going up. Deal with it.

Price is boringly steady.
Can a whale with lots of cash please deal with it?

[oda.krell]

Not bad at all, congrats!
Any more predictions to make you right in the future?

I'm less inclined to make an unconditional statement this time because we are _right_ around a major point of resistance, and the next days will probably decide whether we break it for good this time, or play hide and seek with it some longer.

That said, I see a good chance (say, 40%, maybe more) that we will be beyond the previous peak of $683 by July 20, which would almost certainly mean we're past $700 by July 20 by simple momentum, which very likely also means we'll get near or touch $800 by July 20, again by simple momentum once a major line of resistance is broken.

Sorry if that's not such an exciting prediction.

[roslinpl]

This is my place in the train with Hi-Res Built-In-Window Touch-screen and  a web browser connected to the Embassy


Take your seats!

[Miz4r]

Wait, we playing 'who predicted the bestest'? I'll necro this one one more time...

Agreed. $600 within reach (<12h).

Then: rally time to 650, maybe higher, touching 700?

Then then: falling back below 640, and eventually re-testing 530.


So say we all? So say we all!

Where "touching 700" ended up as $683, and "re-testing 530" as $538. Close enough, no?

Pretty good one I admit. Especially the re-testing of 530 as many people expected a correction below 600 but most didn't expect it to actually go below 560. Got some of the bullish people pretty scared too for a while there. Gotta love this market.

[Raystonn]

I predict we will never see sub-$600 again.

[YipYip]

Price is tanking. Deal with it.

u have issues obviously

Go beat your wife ...

ooops sorry i mean your dog as no woman with more than 2 brain cells would open her legs to the manic depressive forces that is the joy to be near your awesome personality

ALso please dont beat dogs ....just go beat yourself ..I am sure you would know how to do that ...lolz

[YipYip]

I predict we will never see sub-$600 again.

Never ... hmmmmm thats a very long time

[Raystonn]

I predict we will never see sub-$600 again.

Never ... hmmmmm thats a very long time

Yes, very.

[aminorex]

Not bad at all, congrats!
Any more predictions to make you right in the future?

I'm less inclined to make an unconditional statement this time because we are _right_ around a major point of resistance, and the next days will probably decide whether we break it for good this time, or play hide and seek with it some longer.

That said, I see a good chance (say, 40%, maybe more) that we will be beyond the previous peak of $683 by July 20, which would almost certainly mean we're past $700 by July 20 by simple momentum, which very likely also means we'll get near or touch $800 by July 20, again by simple momentum once a major line of resistance is broken.

Sorry if that's not such an exciting prediction.

I'm hoping for slow and steady.  Fast enough to keep the alt market in terror of missing the run, but slow enough so that I get a couple of contract payments in the meantime.  I'll stay levered 1.1x with 45% of BTC and gradually raise XMR to fill the rest of my crypto allotment while the alt markets are in terror.

The USD smackdown is killing me though.  SPX keeps pumping on cheap dollars, which is bleeding me badly.  

[ChartBuddy]

Explanation

[hd060053]

okcoin eating 4k wall.

[bzzard]

actually ~1k buy, still nice action

[hd060053]

wow look at huobis order book now.

[derpinheimer]

okcoin eating 4k wall.

4k wall??


Regardless this rally is impressive!

[hd060053]

okcoin eating 4k wall.

4k wall??


Regardless this rally is impressive!

the wall at 4.000 CNY

[Bitcoin_is_here_to_stay]

https://twitter.com/BitcoinBreak/status/483698871802277889

Where are they getting 30,000 from? They bid 46,000BTC for an average price of $416..

This is also incorrect, coindesk reporter added their estimation of current bitcoin value and made it sound as Barry's estimation of SM bid.

Afaik, the only source for winning bids are rumors.

[oda.krell]

I'm hoping for slow and steady.  Fast enough to keep the alt market in terror of missing the run, but slow enough so that I get a couple of contract payments in the meantime.  I'll stay levered 1.1x with 45% of BTC and gradually raise XMR to fill the rest of my crypto allotment while the alt markets are in terror.

The USD smackdown is killing me though.  SPX keeps pumping on cheap dollars, which is bleeding me badly.  

I got a bit worn out "fighting the good fight" for XMR, well, technically: against BCN in the coinmarketcap thread, where the discussion is about whether BCN should get the double-* of premine shame. Who would have thought that a 80% premine isn't actually a premine.

[aminorex]

I'm calling this a short-term bulltrap.  Back down to the 630s in hours, then onward to the multiday bull trend.

[derpinheimer]

okcoin eating 4k wall.

4k wall??


Regardless this rally is impressive!

the wall at 4.000 CNY

Oh. Interpreted that as a 4,000BTC WALL, not a wall at 4,000CNY