Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 11754. (Read 26713769 times)

Are up serious right now? Bitcoin price could surge up to $4,000??? i think he forgot one zero there... actually he wanted to say:

I have people work for me in India and I saw on their instagram etc. they all have iphones and stuff. Plenty of tech.

I expect there is a wide variation in the country.

But for a long time countries have been using teams there working with technology and development.

The third world doesn't exist anymore. Almost all countries in the world is now doiing ok, including India.

https://youtu.be/RUwS1uAdUcI?t=373

Being a third world country, citizens of India barely meet ends. Using such technological advancements and having disposable income to gamble on Bitcoin is something I would not expect tbh.

We are just the CORE hodlers in here

SELL?

NEVERRRRRRR !!!!!

I really admire the stoic nature of you hodlers.  Hardened veterans all.  

^ Isn't Chinese New Year the 5th?

I have a gut feeling that we'll see a February bottom that will be similar to December bottom.

Somewhere around Feb 6 - Feb 10.

Fractal fetishists rejoice !

30 more ATMs coming to Chicago :

https://www.newsbtc.com/2019/01/29/chicago-bitcoin-atm-hot-spot/

"According to a report in Chicago Business, the city is about to receive an additional 30 cryptocurrency ATMs. These will be provided by Lux Vending under the brand, Bitcoin Depot."

My apologies, lack of sleep tbh I somehow missed the obvious joke...

Yes, recovery timing is hard to call, many factors, though 1st we need to find bottom....my feeling is people are actualy too comfortable at this level.. and so more pain.. but once we find bottom,  and then if the market has any symmetry.... 2020 it could be.

I have wondered though.. if we have reached exhaustion or are nearing exhaustion from retail... Or if there is another batch of quivering fearful hands to cull with one last viscous move, one that makes people rue the day they ever decided to crypto all over the place... followed by a long recovery period which lasts until either a catalyst sparks the market, or we get too close to the halving.


Anyways... 1st things 1st we need bottom.

(ass.gif)



 

Looks like we are going to end this month with a wrong prediction again.
It's almost impossible for BTC to cross $5,000 with just 2 days remaining, next poll voting, I think people will vote the same.

I agree and was being facetious with the short time frame comment and charts. If there is any correlation with the last bear market we are approaching its end soonish. I do however think that this sideways/accumulation phase could go on even longer than I have predicted. There is some data indicating that this period could extend well into 2020. My hope that it is just post bear market noise cluttering the airwaves.

Cards on the table.
D

Meh... I am interested in bigger moves than $10..

We have almost arrived back at the 200 weekly MA, which I fully expected us to retest after a short bounce...

Got the death cross 50 though the 100 on the cards..

BBs have opened up already on larger time frames (though narrowing on the daily)  but we are well constricted on the 1 hour..

We have formed a bear flag, at the bottom of the support zone of an overall descending triangle.

So.. IMO. either we bounce somewhere between here and the 200 week MA, perhaps with a little overshoot...  and then in that scenario I see us likely to put another lower high and then coming back down for a third test ....  or.....  

So far it looks same as it did , a month ago,  I have the same outlook and same support levels based on previous r/s and volume profiles. so far nothing surprising has happened, in fact BTC has been quite the well behaved and relatively predictable (excluding those glorious wicks.. hunters hunting)   but now with more confirmations.....it still looks bearish to me at this present moment.... pretty interested to see how we react  between here / 200 week MA though and if it holds/ if we bounce from there.  

Volume is still not impressive, and below even the volume levels at the local low.. yes it was up yesterday, but still low.

Doom outlook un-changed for now.

I am pretty happy about it.

Here ya go...5 minute chart with some short fibs...great for action.    Now we can oooh and ahhhh at ever $10 price movement.

5m



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I do think you are correct however. There is going to be some action soon but I dont think it will be in the direction we would all hope for and that is upwards. I suppose I should be banging the bull drum with greater vigor as sentiment matters but I honestly think there are darker days ahead. This cycle of letting the market recover enough to sell into has been going on for some time now and shows no sign of stopping in the near term. It speaks to me of large bag holders trying to slowly divest their coins. I have also been floating the theory that its the exchanges doing most of the selling, driving the price downward to a point where a rebuy makes sense to the corporate overlords. The addictive cycle of profits from the last bullrun might be to much for many to resist.

Today is D-Day for down-trend confirmation. We need to see more volume build upon yesterday. (Chart shows 2.5hrs of traded volume so far for today). Technically we broke the volume trend line yesterday, but I'd like to see one more day of higher volumes for confirmation.


https://twitter.com/woonomic/status/1090078140880146432

When the man in the ghillie suit says it's time for action I start looking for cover.

Nearly time for some action

Yah..thats a given but I dont have those things in the house...just current gen smartphones. It just pisses me off that society is so complacent about it. Almost threw the phone out the door before remembering the satoshi stored on it..