So what happens now ?
The Mayor is gonna be more sad than usual today ?
This is gonna be a market shark. All the big btc holders gonna continue eating little fish in the cryptocurrency sea.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13104. (Read 26719837 times)
September 17, 2018, 06:19:57 AM
The Mayor is gonna be more sad than usual today ?
This is gonna be a market shark. All the big btc holders gonna continue eating little fish in the cryptocurrency sea.
September 17, 2018, 06:18:56 AM
Unless we stab the toe...
September 17, 2018, 06:17:06 AM
Looks like a foot.
Bullish.
Bullish.
So you're telling me that the bullish trend is afoot... ?
September 17, 2018, 06:10:44 AM
Looks like a foot.
Bullish.
Bullish.
September 17, 2018, 06:03:19 AM
I'm such a dumbass. I've been doing it for free...
Merited for a great sense of humour.
September 17, 2018, 05:28:00 AM
Or just a bear trap. This is a classical falling wedge pattern btw.
https://en.wikipedia.org/wiki/Wedge_pattern
"When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making. "
Since the creation of Bitcoin we are in an uptrend, so its resumption is in the making.
I expect a strong breakout soon. Moreover, any moment CFTC will approve ICE futures (the so called bakkt) which is with an actual buying of bitcoins. So we may see above 10K sooner than expected!
https://en.wikipedia.org/wiki/Wedge_pattern
"When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making. "
Since the creation of Bitcoin we are in an uptrend, so its resumption is in the making.
I expect a strong breakout soon. Moreover, any moment CFTC will approve ICE futures (the so called bakkt) which is with an actual buying of bitcoins. So we may see above 10K sooner than expected!
If we break out to $10k+ very soon, we're probably not going to hold that price point for long. It would most likely lead to lower lows (sub $5k).
I'd much prefer we go sideways for a while.
September 17, 2018, 05:06:08 AM
So what happens now ?
... bitcoiners accumulate, everyone else wets their pants.
September 17, 2018, 05:05:46 AM
Or just a bear trap. This is a classical falling wedge pattern btw.
https://en.wikipedia.org/wiki/Wedge_pattern
"When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making. "
Since the creation of Bitcoin we are in an uptrend, so its resumption is in the making.
I expect a strong breakout soon. Moreover, any moment CFTC will approve ICE futures (the so called bakkt) which is with an actual buying of bitcoins. So we may see above 10K sooner than expected!
https://en.wikipedia.org/wiki/Wedge_pattern
"When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making. "
Since the creation of Bitcoin we are in an uptrend, so its resumption is in the making.
I expect a strong breakout soon. Moreover, any moment CFTC will approve ICE futures (the so called bakkt) which is with an actual buying of bitcoins. So we may see above 10K sooner than expected!
If we break out to $10k+ very soon, we're probably not going to hold that price point for long. It would most likely lead to lower lows (sub $5k).
I'd much prefer we go sideways for a while.
September 17, 2018, 04:54:04 AM
Or just a bear trap. This is a classical falling wedge pattern btw.
https://en.wikipedia.org/wiki/Wedge_pattern
"When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making. "
Since the creation of Bitcoin we are in an uptrend, so its resumption is in the making.
I expect a strong breakout soon. Moreover, any moment CFTC will approve ICE futures (the so called bakkt) which is with an actual buying of bitcoins. So we may see above 10K sooner than expected!
https://en.wikipedia.org/wiki/Wedge_pattern
"When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making. "
Since the creation of Bitcoin we are in an uptrend, so its resumption is in the making.
I expect a strong breakout soon. Moreover, any moment CFTC will approve ICE futures (the so called bakkt) which is with an actual buying of bitcoins. So we may see above 10K sooner than expected!
September 17, 2018, 04:18:54 AM
Now we fall... 
More likely we just keep breaking sideways until we achieve a trigger.
It's complicated ... we need new bulls to return bullish 
HOLD FOREVER 
HOLD FOREVER You spelled n00bs wrong
You sound like someone who sold the top of the market at $3k.
1. Feels like it's 50/50 for sideways/down.
2. Nope, I did sell some. But it was all at $10k+.
It means he's a nocoiner or panic-sold low or a paid bear shill
I'm such a dumbass. I've been doing it for free...
September 17, 2018, 04:09:03 AM
It means he's a nocoiner or panic-sold low or a paid bear shill
September 17, 2018, 04:06:31 AM
September 17, 2018, 03:58:34 AM
@infofront
you just simply do NOT let one hanging on the NR of the beast
you just simply do NOT let one hanging on the NR of the beast
September 17, 2018, 03:56:27 AM
Now we fall...
More likely we just keep breaking sideways until we achieve a trigger.
It's complicated ... we need new bulls to return bullish HOLD FOREVER
HOLD FOREVER You spelled n00bs wrong
You sound like someone who sold the top of the market at $3k.
September 17, 2018, 03:51:43 AM
It's complicated ... we need new bulls to return bullish HOLD FOREVER
HOLD FOREVER You spelled n00bs wrong
September 17, 2018, 03:38:20 AM
It's complicated ... we need new bulls to return bullish HOLD FOREVER
HOLD FOREVER September 17, 2018, 03:26:39 AM
September 17, 2018, 03:24:25 AM
So what happens now ?
September 17, 2018, 03:20:20 AM
These so far unsuccessful about 5 attempts to break below $6k don't necessarily play well for the bear case, but they do not come anywhere close to guaranteeing a bullish scenario either, because for me to feel comfortable and out of the woods, then BTC price is going to have to return comfortably into the area in which it is testing $10k resistance and even perhaps breaking through such resistance - even if such breaking through is NOT sustained, I might become a bit more comfortable that the bottom is already in, and that our current crypto winter (baby winter) is NOT going to be as bad as the 2014-2015 crypto winter (arguably dragging into 2016).
I like your analysis generally.
Most posters, as you point out, come out with proclamations based on either nothing, or misread/false facts.
Given that nobody has a crystal ball, it takes a bit of skill and experience to express a cogent scenario. Making cases for alternative price moves is nearly always the best way.
'Baby Winter' : could be possible, and it helps the case for the bottom being already in. If its a full Winter, then a bottom in the 2-3k range is more possible. I hate the idea of that, but the market often makes us take the worst tasting medicine.
Whichever way, it will be a long climb out, and patience is needed.
September 17, 2018, 02:25:15 AM
Would you prefer Proudhon?
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