Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 11515. (Read 26726051 times)

4300 till tommorow people - get ready for the next leg up 

234BTC Sell Wall on Bitstamp @4150

In the last 30 days we have shot up over 16% price wise - Very healthy if you ask me

I understand that it is likely NOT prudent to be giving any kind of "investment advice" in these here threads, but you may have recalled that when we get in the territory of the previous ATH, there tends to be fairly short shrift lingering in that price arena... therefore, taking profits would perhaps be prudent in the sub $17k arena and in the mid-$25k plus arena rather than around $20k...

On the other hand, if you end up "overinvesting" in BTC a bit, then it does not hurt to shave off some profits, even in the $20k arena... a kind of insurance too, because there are always chances that history is NOT going to repeat itself with any kind of meaningful precision and we end up experiencing another major correction or a double top in the $20k that is lower than $25k, or something like that (a low probability event, but not out of the realm of possibilities).

By the way... additional baby pumpening as I type... NICE!!!!!!!  $4,140 reached....

don't even know i'd advocate it it's so frustrating. the only thing is sometimes i go back and think actually that's balls, or not that funny, and sometimes it turns out the post got a good few merits since then so don't need to feel too guilty

Rastani; recent higher low and rally are Elliot wave 4 in downtrend, bottom not in.

https://www.youtube.com/watch?v=z0l_CxYN3Bc

@XhomerX

Not wanting to sound needy or anything, but can you maybe please create a 3d hat for me too (if you still have my pic)

Greatly appreciated!

Regarding avatar.. surely a xhomer revised original.. that is already starting to feel comfortable.

It is true that previous ATH will continue to be a reference point until it is surpassed  (we have a kind of presumption there that might be a bit eerie and presumptuous for us to be presuming nearly 5x UP from here).

Of course, a lot of HODLers would like to see another UP leg within the next few hours which could likely get us passed the previous stopping point of $4,236, and then the next UP target (resistance point) could reasonably be in the $4,500 arena or even higher to see if we can pass the mid-$4k arena.

Surely, it would be a decent sign to surpass the mid-$4k arena and that might end up distinguishing the strength of the current BTC market, as compared with the mid-2015 BTC market in which the then BTC price upsurge only was able to make it to $317 before plunging back towards the lower $200s for several months before it was truly ready and able to break higher in a meaningful way and leave the lower $200s behind forever and ever... and perhaps at some point, we are going to recognize that the lower $3ks are left behind forever and ever - even though as bitserve's current ongoing stated capitulated state suggests, we are far from out of the danger zone in those  "bottom is in" regards - even though Hairy the no longer bearie.. seems inclined to count his V8 chickens.

pretty much what I suspected, I might have to try keeping such a list.

Nuts!

You can quote me and publicly ridicule and lapidate me if that happens.

I will gladly accept the punishment while I swim in my pool filled with fuck you money

Hello comrades, just hopped in to say Hi, almost a hundred pages to follow through, hard to keep pace with this thread when travelling.

Nice to see our precious to gain a little pace, hopefully we can keep the price over 4k now and forget the boring and low 3xxx sideways (no)action

Still hodling, not quitting.

Have a good one everybody!

Oh yeah BTC!

HairyMaclairy - I was referring to his medium to long term price projections, namely north of $200,000 as a potential peak of the next cycle that we’re just entering now.

sorry, who?

Well, the road to $20K will be very bumpy so I will have many opportunities to be short term bearish after every pump lol

After $20K would be uncharted territory. So no need to be bearish nor bullish... just remember to take SOME profits this time... which will be easy because by then I will probably even NEED it.

JJG, I love your new avatar. I don’t think there’s anything special about $20,000 either, like you said, during previous cycles after each halving we tend to power past previous ATH’s. During this cycle we’ll probably go double or even treble at least past $20,000. If you believe what HM says then $20,000 will be like you said, a blip on the radar.

almost always up to date on reading although I have been known to sleep or go out
almost always behind on meriting
never beg or even hint about that except here now lol
keep a list of ones i'd want to merit
sometimes have to have a ruthless blitz on decent posts list otherwise would never catch up

What would be so special about $20k, then ?

I know that $20k is a kind of symbol, but so far in BTC's history, when we have surpassed the previous ATH after a significant and enduring price correction, we will tend to zoom by that previous ATH like a blip on a radar... and of course, such previous ATH then becomes a talking point for a possible area of support for the next likely inevitable crash thereafter.

I am already planning what I am going to spend that 0.012 you owe me.  I hope you have hedged your position. 

so, open question for Last of the V8s;

Do you habitually read the forum several days behind, or do you keep a notation of merit worthy posts and fill them as smerits become available?

I have noticed that I frequently receive merit from you 3-4 days after the post.  Some users, like say jbreher, obviously catch up on the forum once every few days and so their merits will come in bunches, but you are here...constantly.