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

[wachtwoord]

if you mark the last local top with a 3 you're implying the price is going down right?

We have already come down a little so I guess it depends where the minor wave ends  

646/52
637   
632   

623

614
609
600

We have touched the top of a slightly narrowing bollinger band and come down

Would not surprise me if we go down to 614 - I will be paying attention if we go towards/past the 609 fib/SMA20

I am bullish from a daily, and even ore so on a weekly/monthly point of view though, not so sure on lower timeframes

Low volume.

"down" to 614. I would call that flat.

[edwardspitz]

Houbi wants to go up!? 

[adamstgBit]

Houbi wants to go up!?  

OKcoin too

China is buying up everything! 

 

[derpinheimer]

Solid buys, Huobi leading. Doesnt look quite over yet, might touch 3900..

[empowering]

if you mark the last local top with a 3 you're implying the price is going down right?

We have already come down a little so I guess it depends where the minor wave ends  

646/52
637   
632   

P 623

614
609
600

We have touched the top of a slightly narrowing bollinger band and come down

Would not surprise me if we go down to 614 - I will be paying attention if we go towards/past the 609 fib/SMA20

I am bullish from a daily, and even ore so on a weekly/monthly point of view though, not so sure on lower timeframes

Low volume.

"down" to 614. I would call that flat.

You were asking what I thought was going to happen in next count from the top of the minor count 3 at 656 ish

I do not know for sure and I am not claiming I do.... but that was the pivot 623 (or faint redline - 622.9 on earlier graph) and those are the next support levels as far as 600 and res levels up to 650 as I see them, and 614 was next on the list which is why I commented on it.  

I see major support 540 and 435
  
The other way I think if we break 650-670 on any decent volume then we are a go...

[JorgeStolfi]

for money to work in the free market, anonymity has to be an option available to the traders

Sigh... Just because it would be nice if something happened, it does not mean that it WILL happen.

Just because bitcoin promises to give you something, it does not mean that it WILL deliver it.

And "free market" is not unregulated market, black market, market of illegal goods, tax-evading market.  A free market is merely one where new suppliers can enter when the price is high enough for them to make a fair profit, and where customers can freely choose their supppliers (and symmetrically.)  A free market is a good thing, because it results in a fair price, a little above cost -- just enough  to make that market as profitable as any other fair market.

Thus, a free market does not require anonymity or secrecy; on the contrary, it presumes that consumers and suppliers have sufficient information about  products and prices, about supply and demand, and about each other -- including the reliability of suppliers and the credit rating of customers.  A market where most transactions are private, at undisclosed prices, is not really free, because suppliers can exploit the ignorance of customers (or vice versa) to limit their free choice and thus deviate from fair price.

And regulation does not make a market less free, as long as it is fair to all suppliers and customers -- in particular, if it does not favor established suppliers over potential new ones.

[ChartBuddy]

Explanation

[hmmmstrange]

And regulation does not make a market less free.... blah blah blah

Free is free. No impediment. No rules. No regulation. Nothing to hinder trade by consenting people.

Oh boy you are going to hate real freedom.  Don't worry there will be an app for people like you who have a need to be ruled.

[wachtwoord]

And regulation does not make a market less free.... blah blah blah

Free is free. No impediment. No rules. No regulation. Nothing to hinder trade by consenting people.

Oh boy you are going to hate real freedom.  Don't worry there will be an app for people like you who have a need to be ruled.

lol he just said regulation doesn't make something less free?

Jorge, since you claim to be an academic maybe you should consult proper sources. In this case I would advice the dictionary 

[JorgeStolfi]

Free is free. No impediment. No rules. No regulation. Nothing to hinder trade by consenting people.

That is not free market, it is "laissez faire capitalism", "wild west market", whatever.  The name "free market" has been taken long ago to mean what I wrote.

Laissez faire capitalism is what gave use the banks too big to fail, tax exemptions for the rich, the 1%-99% society, and so on.

[adamstgBit]

Jorge, give it up, go buy a bitcoin...

[wachtwoord]

Free is free. No impediment. No rules. No regulation. Nothing to hinder trade by consenting people.

That is not free market, it is "laissez faire capitalism", "wild west market", whatever.  The name "free market" has been taken long ago to mean what I wrote.

Laissez faire capitalism is what gave use the banks too big to fail, tax exemptions for the rich, the 1%-99% society, and so on.

Laissez faire is French for let it go and no they didn't mean the Disney song.

Everyone who understands free market as you do is a fucking idiot. Yes that still holds if that is 99% of the population.

[Wary]

First we waited for the downtrend to end. Then we waited for the rally to start, according to the calendar.  Then we were waiting for the auction. What are we waiting for now?  

[empowering]

First we waited for the downtrend to end. Then we waited for the rally to start, according to the calendar.  Then we were waiting for the auction. What are we waiting for now?  

A train

[ChartBuddy]

Explanation

[beetcoin]

First we waited for the downtrend to end. Then we waited for the rally to start, according to the calendar.  Then we were waiting for the auction. What are we waiting for now?  

seems the minor good news isn't enough right now.. so i'm just waiting on wallstreet and an ETF.. that's where the real money is coming from. newegg wasn't enough to push us on even a mini bull-run, so i don't think amazon would be THAT significant.. but it'd probably have a bigger impact than newegg.

[Wary]

First we waited for the downtrend to end. Then we waited for the rally to start, according to the calendar.  Then we were waiting for the auction. What are we waiting for now?  

A train

[aminorex]

Would not surprise me if we go down to 614 - I will be paying attention if we go towards/past the 609 fib/SMA20

I am bullish from a daily, and even ore so on a weekly/monthly point of view though, not so sure on lower timeframes

Low volume.

Monkey?  Is that you?  How did you....nah.

[Wary]

Would not surprise me if we go down to 614 - I will be paying attention if we go towards/past the 609 fib/SMA20

I am bullish from a daily, and even ore so on a weekly/monthly point of view though, not so sure on lower timeframes

Low volume.

Monkey?  Is that you?  How did you....nah.

Probably the monkey is AI-based. So it figured out a way to break out free. 

[hyphymikey]

First we waited for the downtrend to end. Then we waited for the rally to start, according to the calendar.  Then we were waiting for the auction. What are we waiting for now?  

The Winklevii ETF "COIN" to be activated on the 11th