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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15310. (Read 26717412 times)

legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
The poll seems too wide-range now, less than a week away.

Let's play a quick game (no prizes just fun) - name your prediction for 31/12/2017 at 23:59:59 GMT on Bitstamp.

I say $17111.

$1673

$1340
legendary
Activity: 1358
Merit: 1016
The poll seems too wide-range now, less than a week away.

Let's play a quick game (no prizes just fun) - name your prediction for 31/12/2017 at 23:59:59 GMT on Bitstamp.

I say $17111.

$1673
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
I dont put much stock in events. I just read charts. There are many negative events during an uptrend or positive events during a downtrend and they fail to break the underlying trend. Only when the trend is already ready to be reversed and the whales were already there waiting for an excuse to dump or buy will it reverse. Otherwise youll see only a pinbar that goes past the trend but quickly and strongly reverses.

Lets take silk road for example. Terrible news as any. But it was clear on the very first day that it wasnt breaking the uptrend. It didnt turn the daily chart into a mess.

The millions of johns and joes getting on a train dont have a clue what any of these events mean. We simply just started running out of johns and joes.

If it was just one Fluke event on Friday you'd see more volume, a stronger recovery, and a better daily chart.

Tera:   I give you a fair amount of stick but I appreciate your thoughtful analysis.  It is a good counterweight to my natural bullishness.  Don’t let anyone dissuade you from doing what you do. 
legendary
Activity: 2145
Merit: 1660
We choose to go to the moon
The poll seems too wide-range now, less than a week away.

Let's play a quick game (no prizes just fun) - name your prediction for 31/12/2017 at 23:59:59 GMT on Bitstamp.

I say $17111.
full member
Activity: 266
Merit: 222
Deb Rah Von Doom
I dont put much stock in events. I just read charts. There are many negative events during an uptrend or positive events during a downtrend and they fail to break the underlying trend. Only when the trend is already ready to be reversed and the whales were already there waiting for an excuse to dump or buy will it reverse. Otherwise youll see only a pinbar that goes past the trend but quickly and strongly reverses.

Lets take silk road for example. Terrible news as any. But it was clear on the very first day that it wasnt breaking the uptrend. It didnt turn the daily chart into a mess.

The millions of johns and joes getting on a train dont have a clue what any of these events mean. We simply just started running out of johns and joes.

If it was just one Fluke event on Friday you'd see more volume, a stronger recovery, and a better daily chart.
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
Ok I have to admit my posts have been super bearish and I'm going to change my ways. So here's how it's going to go. Look, this is going up. It's going straight up. Nobody is ever going to sell again. There will never be another dip, or another retracement, or another crash. A miner might need to sell like 1 satoshi, that's it. We're going to see an increase at a steady rate of, say, 5% per day. A new ATH will appear at least once per week. We will reach $1,000,000 in no time, and then it'll keep going. There will be no limit because all of us will be hoarding everything except 1 coin. The whole world will have to share the single coin in circulation, which comprises all of the world's GDP and currency derivatives, and they will be fighting over satoshis. To the moon. Wow.


Something like that.

You are getting closer, and moving in the right direction.  

You have to keep practicing this shirking of the bear attitude because currently I can read between the lines of the above attempt and see that you do not really mean what you said.   Tongue Tongue

If you keep practicing and repeating, then you will also start to believe.   Shocked   That's how it works.  Shirk your inner bear.  Shirk your inner bear.   Cool
member
Activity: 242
Merit: 14
Ok I have to admit my posts have been super bearish and I'm going to change my ways. So here's how it's going to go. Look, this is going up. It's going straight up. Nobody is ever going to sell again. There will never be another dip, or another retracement, or another crash. A miner might need to sell like 1 satoshi, that's it. We're going to see an increase at a steady rate of, say, 5% per day. A new ATH will appear at least once per week. We will reach $1,000,000 in no time, and then it'll keep going. There will be no limit because all of us will be hoarding everything except 1 coin. The whole world will have to share the single coin in circulation, which comprises all of the world's GDP and currency derivatives, and they will be fighting over satoshis. To the moon. Wow.

All I’m asking you to admit is you purposefully ignored fridays events to justify a downtrend.
full member
Activity: 266
Merit: 222
Deb Rah Von Doom
Ok I have to admit my posts have been super bearish and I'm going to change my ways. So here's how it's going to go. Look, this is going up. It's going straight up. Nobody is ever going to sell again. There will never be another dip, or another retracement, or another crash. A miner might need to sell like 1 satoshi, that's it. We're going to see an increase at a steady rate of, say, 5% per day. A new ATH will appear at least once per week. We will reach $1,000,000 in no time, and then it'll keep going. There will be no limit because all of us will be hoarding everything except 1 coin. The whole world will have to share the single coin in circulation, which comprises all of the world's GDP and currency derivatives, and they will be fighting over satoshis. Warren Buffet will go big and buy like 100 satoshis. To the moon. Wow.
sr. member
Activity: 433
Merit: 251


Quote
I post that chart because I know some of you are going crazy about the bitcoin 10.21% ... is it a bubble or not..
Well let's make this straight... if you think this kind of price action isn't typically a bubble.. then you need to review your classics !
Of course this is a bubble ! The only question is when is going to burst.. That's a tricky question.. and trying to short a bubble require quite some experience.

Every trade need a technical background to support the scenario (otherwise it's just random betting.. and that's gamble.. not trading).
Using my mighty couple of indicators, PRO Sinewave & PRO Momentum, here's what I have :

We can clearly highlight 5 sell signal (confirmed by both Sinewave & Momentum). These will obviously act as resistances during the technical bounce that we may see next.
AND I SAID "MAY SEE" because so far there's not a single sign of bullish support on Sinewave and neither on Momentum.
Finally we can add the "BEAR TREND" confirmation that showed up when things started to get a little nastier !
Which means that until we manage to break a resistance, we're still bearish in term
legendary
Activity: 889
Merit: 1013


So basically a stegosaurus? I can't argue with your logic. Or your crayons.
newbie
Activity: 13
Merit: 0
hero member
Activity: 750
Merit: 601
The bitcoin wallet on my Purse.io account has perpetual money.  I spend money once in a while, then go to spend again and there is even more money in there than the last time I bought something.

Just bought a Trezor at a 23% discount.

Each time I sell I find myself regretting it months later because I could have sold ten times higher. The dust left over from a transaction becomes worth more dollars than what I sold. You might find your trezor cost you $1000 in a few months, and that a few months after that the dust left over is worth enough to buy a new car.


But without buying a Trezor, you may find in a few months you have no Bitcoins at all. My cheap car I bought with BTC profits a few years back cost me $500K now, but better security is never a waste of money.
legendary
Activity: 2842
Merit: 1511
Looks like its going with the 16k thing before the drop

I'm thinking the 78 fib line around 17,900. There should be significant resistance around 18K. If it can break through decisively, then who knows. A continuation of the exponential trend would suggest around 80K in Jan/Feb.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
The bitcoin wallet on my Purse.io account has perpetual money.  I spend money once in a while, then go to spend again and there is even more money in there than the last time I bought something.

Just bought a Trezor at a 23% discount.

Each time I sell I find myself regretting it months later because I could have sold ten times higher. The dust left over from a transaction becomes worth more dollars than what I sold. You might find your trezor cost you $1000 in a few months, and that a few months after that the dust left over is worth enough to buy a new car.

Better to spend bitcoins than have fiat to spend.
legendary
Activity: 2338
Merit: 1130
finally

some quality TA in this thread

Angry Little Fish  Roll Eyes
legendary
Activity: 2833
Merit: 1851
In order to dump coins one must have coins
BTC500 mini wall @ $15k is getting eaten on Finex
legendary
Activity: 3388
Merit: 4775
diamond-handed zealot
finally

some quality TA in this thread
member
Activity: 258
Merit: 14
Yay, scribble charts.  Those are fun.  What I've learned over the years.. when everyone expects something it usually won't happen.   The big fish know that all the little fish are waiting to feed on leftovers and believe me they are greedy.  They don't want to share at all and usually just eat the little fish in the process.

All the little fish are selling like mad waiting to buy in at a lower price, best to just jump out of the pool and wait while the big fish get fat and happy on the dumb little fish that stayed.   Of course I was playing with a few btc and now stuck in cash.  I know it won't go my way. LOL
legendary
Activity: 1260
Merit: 1116
She moves in mysterious ways.
full member
Activity: 266
Merit: 222
Deb Rah Von Doom
^ See I'm not THIS bearish. I expect some kind of bounce at 8K
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