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

[Pala_00]

[inca]

Wish we had an etf to invest in already. Then i could buy through my trading account and keep it in my tax free wrapper. Grr.

If it were that easy, everyone would do it - and you'd get a lot fewer.

It's worth the extra clicks and wrapper loss to stock up early.

Yes everyone will do it

[ChartBuddy]

Explanation

[NotLambchop]

Make it do something or I'm calling the cops

[Malin Keshar]

Explanation

Yay, depths looking good again.

Seems like a Monday pump

[spooderman]

I think we may have hit the bottom.

[mmitech]

I agree that fundamentals are strong.

But the technicals are very bad and even if fundamentals remain strong, prices can go down a lot more

This. The market price appears to be have been dictated much more by speculative demand than fundamentals for a long time now. It's entirely possible we're still far, far above any price supportable by non-speculative use. In that case the fundamentals are catching up to investor expectations, but may be lagging significantly behind.

TL;DR: Bitcoin appears to be doing fine. That doesn't tell us much about what the expected price of BTC should be.

Exactly what I was thinking about, but it really takes time to come to that conclusion...

[empowering]

Huboi awake

[oda.krell]

I think we may have hit the bottom.

re-up the pic to imgur, maybe?

[mmitech]

I think we may have hit the bottom.

I tried to copy the link of your image.. I was surprised of how long it is so I thought of pasting it to show it to you then I got this :

[ChartBuddy]

Explanation

[spooderman]

Lol it's just a picture of a bottom being hit

edit: or....maybe that's a public address for bitcoin 2.0

[spooderman]

For those that (understandably) want to see a bottom being hit...

[Newbie1022]

This message is targeted at compulsive traders, not regular folk.

Look at the 30-minute chart. We have a series of waves developing with lower lows and lower highs... watch on the next leg down if we cross $392 or not.

[Argwai96]

I don't see anything too bullish here yet. There is maybe a triangle developing here. But we never even made the 61.8% retracement from the last major move, and now just consolidating a bit above the bottom. Seems like continuation coming most likely. But keeping my eyes open for a bullish move.

[Pala_00]

I don't see anything too bullish here yet. There is maybe a triangle developing here. But we never even made the 61.8% retracement from the last major move, and now just consolidating a bit above the bottom. Seems like continuation coming most likely. But keeping my eyes open for a bullish move.

[Newbie1022]

I don't see anything too bullish here yet. There is maybe a triangle developing here. But we never even made the 61.8% retracement from the last major move, and now just consolidating a bit above the bottom. Seems like continuation coming most likely. But keeping my eyes open for a bullish move.

This. Rallies are not supposed to be this boring. General rule of thumb... a rally without volume doesn't hold. That said, I don't know if we'll go much lower than we already have or even lower than the low from the other day at all... we have to test it again, though.

[NotLambchop]

... But keeping my eyes open for a bullish move.

[ChartBuddy]

Explanation

[anujjain]

Explanation

Why we are not moving upwards, I am holding many coins now really want to sell on break even.