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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 11157. (Read 26728772 times)

jr. member
Activity: 38
Merit: 1
the real morning glory!
(depending my time zone)
 Grin
full member
Activity: 417
Merit: 220
legendary
Activity: 3388
Merit: 4775
diamond-handed zealot
I, uh, think there might be some resistance around 4800?
hero member
Activity: 994
Merit: 707
https://www.reddit.com/r/BitcoinMarkets/comments/b8e7fm/daily_discussion_tuesday_april_02_2019/

bithasher
Bullish
4 points
·
22 minutes ago
"Could this be the start of a rally based on tax refunds? It's well known that retails sales benefit from tax refund season. The end of the last bull cycle happened in December 2017. I suspect that a lot of people sold some bitcoin to cover their massive gains at the end of 2017. As we all know, the price was in constant decline in 2018. So, the majority of people probably have losses in 2018. Therefore, less need to sell some bitcoin to cover their taxes and a lot of people are probably able to claim losses which would increase their tax refund. What else to do with your tax refund but to buy some bitcoins? Especially, if the price starts heading up. The next couple of weeks could be interesting."
hero member
Activity: 1358
Merit: 834
And I was just about to go to sleep.
legendary
Activity: 1834
Merit: 4197
legendary
Activity: 3388
Merit: 4775
diamond-handed zealot
oh wow

that...would be a higher high
sr. member
Activity: 696
Merit: 439
hero member
Activity: 1358
Merit: 834
legendary
Activity: 3620
Merit: 4813
Bear market is over enjoy the cup and handle closing pattern.
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
what's up with litecoin tho?

You are the worst.  That's all I have to say about you and your litecoin mumbo jumbo.

In other words, who gives a ratt's ass about litecoin?

And there she blows, by the way, as I type.. supra $4,200 and going above $4,260.... whoaza!!!!

Edit:  Holly moley.. .up to $4390
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
A 30% correction from $4200 is $2950.  

Not happening. That boat has sailed.  

O.k.  Fuck.. why do you always have to be so right...  Cheesy Cheesy Cheesy

What I was trying to say was that if the BTC price goes above $5k in this cycle or has some kind of ongoing UPwards, then we are going to need some decent level of corrections along the way.. so perhaps we would need to get close to $6k before the 30% plus correction becomes a kind of necessity?  

remember in late 2015, when BTC price shot up from about upper $200s to $500, and then corrected back down to $300? that was a 40% correction.   And remember in 2017, we had at least 3, maybe even 4 30% plus BTC price corrections.. before the last run up in November/December to $19k?
legendary
Activity: 3388
Merit: 4775
diamond-handed zealot
what's up with litecoin tho?
legendary
Activity: 1464
Merit: 1136
Alright boys and girls, action time!   Just feeling it  Wink
legendary
Activity: 4004
Merit: 4656
A 30% correction from $4200 is $2950.  

Not happening. That boat has sailed.  

it could happen...just on a single exchange  Grin

PS the local bull could be easily explained away by btc buying in anticipation of the new miners becoming available for purchase on April 9.
Once this passes, it could correct, but, alternatively, current momentum could build further. Not buying or selling.
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
A 30% correction from $4200 is $2950.  

Not happening. That boat has sailed.  
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
Something is right this time when the price is raising slowly and there's no rockets (please, don't!) here.

Here's my first Rocket pic, just to attempt to annoy you by doing the opposite.    Tongue Tongue  



Cheesy Cheesy Cheesy Cheesy

I am going to bed. If you have jinxed it with your irresponsible and reckless attitude you will have to cope with the consequences. Good night.

Try not to dream in the nightie, nightie about the curvy, curvy parts.. .

Also, by the way, price is going to have to* meaningfully correct at some point... Whether that point is sub $4,200 or sub $4,600 or sub $5k, surely I don't know.  I could not imagine the BTC price going above $5k without some kind of significant and material correction of at least 30%.**  We will see.  We will see.

*when I use the expression "have to" I am not talking about 100%, but I am suggesting really high odds, like more than 75%

**when I use the expression "at least 30%" I am suggesting that level of correction would create the most healthy bitcoiny kind of price dynamics, that a 15% or 20% correction might not be sufficiently enough in order to prepare for the next leg UPwards
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
even if he might have a few grating personality attributes. 

...

bastard

you're working my shtick

This is how I imagine the V8 / Jojo collaboration:



 Cheesy Cheesy Cheesy
legendary
Activity: 1932
Merit: 1610
Self made HODLER ✓
Something is right this time when the price is raising slowly and there's no rockets (please, don't!) here.

Here's my first Rocket pic, just to attempt to annoy you by doing the opposite.    Tongue Tongue  



Cheesy Cheesy Cheesy Cheesy



I am going to bed. If you have jinxed it with your irresponsible and reckless attitude you will have to cope with the consequences. Good night.
legendary
Activity: 3388
Merit: 4775
diamond-handed zealot
even if he might have a few grating personality attributes. 

...

bastard

you're working my shtick
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