the next 24 hours are critical!
(figured it was time for that one, haven't seen it in awhile...)
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16436. (Read 26710856 times)
September 13, 2017, 06:42:32 AM
September 13, 2017, 06:32:16 AM
Yup - $3600-$3800 - lets see what ya got 
September 13, 2017, 06:29:50 AM
So let's find out how strong $3800 is...
September 13, 2017, 06:27:09 AM
If people are panic selling because of what some guy at JP Morgan said....GOOD.
I hope they go long on the dollar and buy war bonds. Maybe run up some credit card debt and pay overdraft fees to their banks. Enjoy your inflationary (on purpose!) currency.
I hope they go long on the dollar and buy war bonds. Maybe run up some credit card debt and pay overdraft fees to their banks. Enjoy your inflationary (on purpose!) currency.
Dimon is not the issue here. It's all about china again!
Dimon is a dinosaur no one in the crypto space gives a damn about. His daughter seems much smarter by the way, as she is invested in BTC.
Charlie Lee crashed the market yesterday with his tweet and since the bears are shorting.
September 13, 2017, 06:26:21 AM
I am not really worried but actually annoyed ...
The 5000 USD was within reach and now we are going slowly down and even crashed through the 4000 USD mark I didn't think would happen.
Every time we slowly move up again apparently some whale dumps because we then get one big red candle. This is going on for weeks now.
The 5000 USD was within reach and now we are going slowly down and even crashed through the 4000 USD mark I didn't think would happen.
Every time we slowly move up again apparently some whale dumps because we then get one big red candle. This is going on for weeks now.
What do you assume, that the price of asset X can just rise indefinitely?
At some point the top will be found, after which Bitcoin will go down again. You can claim that whales are responsible for it, but it won't help you if they and others are selling due to changing market sentiment. Though this drop is so it seems different than the previous ones, which were simply short term consolidation moves if not downright manipulation.
September 13, 2017, 06:25:28 AM
I am not really worried but actually annoyed ...
The 5000 USD was within reach and now we are going slowly down and even crashed through the 4000 USD mark I didn't think would happen.
Every time we slowly move up again apparently some whale dumps because we then get one big red candle. This is going on for weeks now.
The 5000 USD was within reach and now we are going slowly down and even crashed through the 4000 USD mark I didn't think would happen.
Every time we slowly move up again apparently some whale dumps because we then get one big red candle. This is going on for weeks now.
Just zoom out on the chart. We'll get that 5k, and in time those 5k will look just silly low!
September 13, 2017, 06:25:09 AM
For anyone new that is in Bitcoin to get a lot of dollars take this sound advice:
When people are panicking...sell!
I hear there is big money in bonds or a reverse mortgage (easy money!)
When people are panicking...sell!
I hear there is big money in bonds or a reverse mortgage (easy money!)
ah yes .. sound advice indeed! ...
you're not selling bridges per chance are you?
September 13, 2017, 06:18:15 AM
I am not really worried but actually annoyed ...
The 5000 USD was within reach and now we are going slowly down and even crashed through the 4000 USD mark I didn't think would happen.
Every time we slowly move up again apparently some whale dumps because we then get one big red candle. This is going on for weeks now.
The 5000 USD was within reach and now we are going slowly down and even crashed through the 4000 USD mark I didn't think would happen.
Every time we slowly move up again apparently some whale dumps because we then get one big red candle. This is going on for weeks now.
September 13, 2017, 06:17:06 AM
Back @3800 range..... So question lot of you in here selling coins or Just all hodlers??
September 13, 2017, 06:05:17 AM
...I still am not going to give a whole hell-of-a lot of weight to how much emphasis you seem to be giving to lines on a chart.
Remember that "lines on a chart" are formed by traders, the most influential of which read charts. So it's a feedback loop which is why they have such an effect.
People who buy on fundamentals to long term invest are not usually daytrading so they only have a momentary effect on the market. Otherwise, the price is driven by the small amount of coin supply that sits on exchanges and gets traded (according to chart interpretations).
That's why they can be a mathematical "inevitability". If there's a significant crossover then traders sell - because they know that every other seasoned daytrader is reading that same signal and acting upon it. Doesn't matter about fundamentals because they get priced in long term.
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September 13, 2017, 05:59:48 AM
The price is going down way too slow for me to be really worried about it...
September 13, 2017, 05:56:09 AM
More downward pressure.
September 13, 2017, 05:51:35 AM
So When are we breaking ATH
Are you for real?
Are you really asking people to tell you this? First of all: do not trust strangers on the internet with respect to such answers. Second of all: no one knows for sure in the firs tplace.
Do you happen to be unsure about your investment? Because if you consider it to be eating on your person, you might better take your losses and sell at this point. This correction will be different than others if China knocks down Bitcoin exchanges, and Bitcoin will likely be in decline for months on end in that case. At the moment we are still at the relative top of such a decline if it is going to pass.
Make your own decisions though.
Man its more like a Joke ..... i now exactly where my investments are and i know for damn sure I'm not selling of my coins
But on the other hand i like to Hear all the wild guesses around here
September 13, 2017, 05:49:56 AM
Not bad for a ... new future start.
September 13, 2017, 05:47:34 AM
For anyone new that is in Bitcoin to get a lot of dollars take this sound advice:
When people are panicking...sell!
I hear there is big money in bonds or a reverse mortgage (easy money!)
When people are panicking...sell!
I hear there is big money in bonds or a reverse mortgage (easy money!)
September 13, 2017, 05:43:46 AM
So When are we breaking ATH
Are you for real?
Are you really asking people to tell you this? First of all: do not trust strangers on the internet with respect to such answers. Second of all: no one knows for sure in the firs tplace.
Do you happen to be unsure about your investment? Because if you consider it to be eating on your person, you might better take your losses and sell at this point. This correction will be different than others if China knocks down Bitcoin exchanges, and Bitcoin will likely be in decline for months on end in that case. At the moment we are still at the relative top of such a decline if it is going to pass.
Make your own decisions though.
September 13, 2017, 05:43:08 AM
nfi September 13, 2017, 05:41:33 AM
So When are we breaking ATH
September 13, 2017, 05:37:26 AM
Now you are coming off as a bit crazy with these kinds of numbers to attempting to assert some kind of 2013 parallel here including some kind of assertion that we have that same kind of level of over blowness in the current price and market.
Your enthusiasm is admirable. But that's all it is - mania.
Traders take profits and that blows any mania to kingdom come when it comes to markets, so I'd be careful.
I am prepared for downwards.. so I would not categorize my current sense of hostility to your various assertions of certitude as "mania"....
September 13, 2017, 05:35:35 AM
...but it is way too fucking early to smug about any such assertion based on our current circumstance, and whether confidence has been shaken or bears have taken control
Well we have a solid 7/30 Day SMA crossover and it looks like being an EMA one as well. We've only had 3 such crossovers this year - January, July and April - and in EACH case the market took us back to BELOW the previously established platform support, albeit temporarily. That would suggest that we're going to at least retest $2700 and possibly lower prior to further growth.
I'd say therefore it was prudent, not smug, to entertain the idea that bears will be in control for at least a while.
I don't have any problem entertaining ideas, as long as they are not framed as if they were some kind of mathematical inevitablility, and now you are suggesting a pretty strong case for $2700... so yeah right, we gotta get through a couple more support areas.. at least $3800, $3500 and $3k before $2700 becomes plausible. I have my doubts about whether such a correction is as likely as you are making it out to be... However, I am prepared to buy down to well below that point, so don't try to suggest that I am attempting to talk my book... On the other hand, I do not sell, especially after we have already had more than a 20% correction, as I type... so my strategy would either be to continue to buy or if I give a more likelihood to your scenario then I might buy less at these higher prices and save a bit more powder for the lower prices.. even though I still am not going to give a whole hell-of-a lot of weight to how much emphasis you seem to be giving to lines on a chart.
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