TLDW: We're going to $4,000-$4,500
pretty much
It seems like a good time to take up drinking again.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12691. (Read 26713663 times)
November 16, 2018, 02:35:23 PM
It seems like a good time to take up drinking again.
November 16, 2018, 02:29:27 PM
Good morning all.
Haven't been in the "groove" lately... I feel disconnected with the market somewhat so have been in the mindset of if you don't have anything positive to say..say nothing at all.
That being said..this bcash fork has been something to watch. All I can say is karma can be a bitch..
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Bitcoin
I believe this weekend will bring some more capitulation. Monday could be ugly for all markets..have to ride out this storm. I do see a slight bubble trying to form on Wednesday for a possible Thanksgiving retracement. Not hodling my breath however.
We have broken underneath what I call the prevailing upwards channel for the first time. I think it might take quite awhile for the market to stabilize after this drubbing. Looking towards late summer of 2019 for the reemergence of the Bulls.
Haven't been in the "groove" lately... I feel disconnected with the market somewhat so have been in the mindset of if you don't have anything positive to say..say nothing at all.
That being said..this bcash fork has been something to watch. All I can say is karma can be a bitch..
-------
Bitcoin
I believe this weekend will bring some more capitulation. Monday could be ugly for all markets..have to ride out this storm. I do see a slight bubble trying to form on Wednesday for a possible Thanksgiving retracement. Not hodling my breath however.
We have broken underneath what I call the prevailing upwards channel for the first time. I think it might take quite awhile for the market to stabilize after this drubbing. Looking towards late summer of 2019 for the reemergence of the Bulls.
Hi Toxic. Many people here discourage bearishness, but there's practically no plausible, short term bullish scenario at this point.
Your take sounds reasonable. I'm crossing my fingers for a bart back up to $6K+, but I'm not holding my breath.
November 16, 2018, 02:24:28 PM
European Central Bank Exec Calls Bitcoin the 'Evil Spawn of the Financial Crisis'
https://cointelegraph.com/news/european-central-bank-exec-calls-bitcoin-the-evil-spawn-of-the-financial-crisis
https://cointelegraph.com/news/european-central-bank-exec-calls-bitcoin-the-evil-spawn-of-the-financial-crisis
November 16, 2018, 02:14:25 PM
ready for a rebound after the BCH fork?
November 16, 2018, 02:12:39 PM
via Imgflip Meme GeneratorThere’s booze thats a good start so might be drunk this evening
And when i am .... Then Maybe i have Some knowledge to share as well in here
Probably BTFD-hodl and mmmm do it again
November 16, 2018, 01:50:35 PM
Good morning all.
Haven't been in the "groove" lately... I feel disconnected with the market somewhat so have been in the mindset of if you don't have anything positive to say..say nothing at all.
That being said..this bcash fork has been something to watch. All I can say is karma can be a bitch..
-------
Bitcoin
I believe this weekend will bring some more capitulation. Monday could be ugly for all markets..have to ride out this storm. I do see a slight bubble trying to form on Wednesday for a possible Thanksgiving retracement. Not hodling my breath however.
We have broken underneath what I call the prevailing upwards channel for the first time. I think it might take quite awhile for the market to stabilize after this drubbing. Looking towards late summer of 2019 for the reemergence of the Bulls.
Haven't been in the "groove" lately... I feel disconnected with the market somewhat so have been in the mindset of if you don't have anything positive to say..say nothing at all.
That being said..this bcash fork has been something to watch. All I can say is karma can be a bitch..
-------
Bitcoin
I believe this weekend will bring some more capitulation. Monday could be ugly for all markets..have to ride out this storm. I do see a slight bubble trying to form on Wednesday for a possible Thanksgiving retracement. Not hodling my breath however.
We have broken underneath what I call the prevailing upwards channel for the first time. I think it might take quite awhile for the market to stabilize after this drubbing. Looking towards late summer of 2019 for the reemergence of the Bulls.
November 16, 2018, 01:37:47 PM
He's one of my favorite analysts.
TLDW: We're going to $4,000-$4,500
High possibility for a final shakeout.
November 16, 2018, 01:03:22 PM
He's one of my favorite analysts.
TLDW: We're going to $4,000-$4,500
No chance. We’re at the bottom now. I’m buying right now and will keep buying all the way back to $6,500.
I'd also love to hear a contrarian opinion, like Tera's. Alas, (s)he's not here anymore.
If I'm not mistake, her call was $1,000 low.
November 16, 2018, 12:51:30 PM
No chance. We’re at the bottom now.
I agree mostly, but I said the same thing at $5780 back in June.
I thought we'd seen capitulation with volume in February and that when it went below $5.8k in June it was just the final double-bottom dip before the slow climb back up, similar to the August 2015 dip down under $200 after high-volume capitulation the previous January.
Wednesday's medium-sized dip was enough to prove that wrong.
That said. I'll be buying as soon as I get back to where there's competitive Bitcoin ATM commerce.
good,GOOD,GOOD someone thats keep the BULL alive in WO
Don't worry. There are lots of bulls around here.
They're just to busy enjoying the fruits of the Bitcoin lifestyle to bother trying to get a word in edgewise between the sniveling of the worrywarts.
November 16, 2018, 12:47:14 PM
Torque, so that means $3,000? 
November 16, 2018, 12:32:31 PM
He's one of my favorite analysts.
TLDW: We're going to $4,000-$4,500
No chance. We’re at the bottom now. I’m buying right now and will keep buying all the way back to $6,500.
good,GOOD,GOOD someone thats keep the BULL alive in WO
let the bottom be in
and let us have some weekend hights
cause tomorrow is JAPANESE resto time with lots of saké and wine to be properly fucked up.
(today its my crypto buddy's time to organize a CRYPTO-people only meeting, normal only for "specialist" so offcourse as just a regular hodler not really for me as well, but cause he is hosting i'm invited..... very curious whats its gonna look like..... and about what they wil be talking, think more of them trying to have or build real case BTC businesses and stuf many it'ers, traders... so not gonna be in my place there but F*** think there's gonna be booze as well )
whatever the BULL in MICG. never sleeps and i remember last year in july a few longer time BTC'ers where already selling when it crashed from 2500-->to 1600-ish and as then and as never i thought of selling only accumulating
hey good weekend WO's and keep Hodling/buying if its possible
and let some WO be winning some games
November 16, 2018, 12:31:20 PM
He's one of my favorite analysts.
TLDW: We're going to $4,000-$4,500
No chance. We’re at the bottom now. I’m buying right now and will keep buying all the way back to $6,500.
I'd also love to hear a contrarian opinion, like Tera's. Alas, (s)he's not here anymore.
I don’t have any great analysis for you. I read all the same crap that everyone else here reads. I just feel like it’s over. If it’s not, who cares. I just buy more at $4k. Regardless, anyone buying now WILL make money. End of story.
November 16, 2018, 12:25:44 PM
He's one of my favorite analysts.
TLDW: We're going to $4,000-$4,500
No chance. We’re at the bottom now. I’m buying right now and will keep buying all the way back to $6,500.
I'd also love to hear a contrarian opinion, like Tera's. Alas, (s)he's not here anymore.
November 16, 2018, 12:23:03 PM
He's one of my favorite analysts.
TLDW: We're going to $4,000-$4,500
No chance. We’re at the bottom now. I’m buying right now and will keep buying all the way back to $6,500.
November 16, 2018, 12:18:29 PM
Honestly, this type of TA is still complete shit, especially in a drawn out bear market for Bitcoin.
You wanna know why? Because the float is thin as shit right now, nothing but sideways wash trading going on for months. There are no major traders working, and plenty of long stops. So right now, *anyone* with any significant amount of bitcoin can sell off and move this market down significantly any time they want. And without buyers ready to jump back in and push things back up, the market will stay down at the new level.
TA will never account for sudden shocks like that.
November 16, 2018, 12:17:04 PM
So no weekend pump........................?
Weekend "nothing happens" sideways-style.
November 16, 2018, 12:10:43 PM
He's one of my favorite analysts.
TLDW: We're going to $4,000-$4,500
Sh**, gotta reopen that short. I hate this carnival.
November 16, 2018, 12:10:29 PM
panic sell the BOTTOM idiots and BUY the TOP's
November 16, 2018, 12:08:02 PM
Good morning Bitcoinland.
We seem to have leveled off after the dip a couple of days ago... currently $5636USD/$7407CAD (Bitcoinaverage).
Could be going sideways for a bit. Then again, the honey badger just might come out of hibernation at any time. Sometimes any little spark of news or FUD can be enough for the market movers to send it shooting up or down again.
I think they're still in accumulation mode and this $800 discount is serving them well. Too bad for the traders and others trying to make a quick buck. Holders and other long-term investors don't give a rat's ass about this minor crap. Anyone who has been buying the dips for years and only selling as necessary will still be earning a fiat profit any time they do have to sell.
All the whining and capitulation gives me heart though. Maybe we're getting closer to real full-market capitulation, turning around and properly heading back up again. More likely, it's more sideways for a while.
We seem to have leveled off after the dip a couple of days ago... currently $5636USD/$7407CAD (Bitcoinaverage).
Could be going sideways for a bit. Then again, the honey badger just might come out of hibernation at any time. Sometimes any little spark of news or FUD can be enough for the market movers to send it shooting up or down again.
I think they're still in accumulation mode and this $800 discount is serving them well. Too bad for the traders and others trying to make a quick buck. Holders and other long-term investors don't give a rat's ass about this minor crap. Anyone who has been buying the dips for years and only selling as necessary will still be earning a fiat profit any time they do have to sell.
All the whining and capitulation gives me heart though. Maybe we're getting closer to real full-market capitulation, turning around and properly heading back up again. More likely, it's more sideways for a while.
November 16, 2018, 12:07:17 PM
TLDW: We're going to $4,000-$4,500
pretty much
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