Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17845. (Read 26609476 times)

legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
Just when I think the price has stabilised for a while, we get another little downward bump.  It's all cool though - as long as our stomachs can stand a few more weeks/months of this downward turbulence, we're going to have the most amazing handle to finish off the cup!!!!  Grin Grin Grin


I am not sure what you mean by stablized? 

Just a few days ago, we had about a 10% rise in prices.. and sure that rise was a reflection of a 30% correction and some seemingly rebound from that correction, yet we cannot already be in some stable place, no?

Sure, maybe prices could settle somewhere in this $900 price arena, but it really seems that there still remains disagreement about where price is and whether it should be here.. and that disagreement is coming from both ends.

I don't know what is going to happen, but bouncing in the $750 to $1,000 range in the coming days and even weeks is certainly plausible.  I am kind of starting to think that some bears may be accumulating some coins to make another attempt at the lower $800s, but yeah, what the fuck do I know, but my sense is that there could be another attempt at a push down and to see what kind of support there is for those levels and to attempt to verify if they can break through lower, and the battle does not seem to over, but maybe once we get another test of lower $800s support, then we will be able to move back up to testing $1,000 resistance and thereafter?

Either way, the situation does not yet seem stable to me, even if there does seem to be some feeling of temporary lull in the current battle...

Sorry, I know the price is liable to leap in either direction at any time, and thanks to the recent bounces I now feel well suited-up for a plunge as well as fuelled up to fly - whichever happens first.  I really just meant that it looked as though it had settled, as in found a lull, long enough for me to be able to take my eyes off it for half an hour without coming back to a surprise!  Instead I checked back after watching a telly program to yet another surprise.  Well, not really a surprise, of course, but when I guessed the price before I looked I was wrong  Tongue

Fair enough..... because sometimes, like you suggest, we might see what seems to be fake outs in one direction or another.. but then in the past few days, we kind of seem to be stuck in a $880 to $915  price arena.. but even that could narrow a bit.. or we could end up breaking out sooner than expected..

In any event, it can be a bit difficult, sometimes, to know whether we have actually meaningfully broken in one direction or another or is the current range gonna hold for a bit of time, whether that time is sufficient enough to get some sleep or enough to take a break from watching the charts for a few days.
legendary
Activity: 3318
Merit: 1247
Bitcoin Casino Est. 2013
Trump inauguration bull run is coming today. All those people thinking its the end of the world and all that good stuff once chaos ensues in DC
Ready to cash out at 1000

more like the nothing happened day, at least so far

most significant event was the flash break of $900 then to correction back to $888

I don't see anything happening now, unless some big news come out or if the PBOC farts
It has just started and the price is still at 894.4
so we will see when all this pomp pomba is all done with and he puts his hand on the bible to be sworn in.
There are protest on wall street or somewhere in new york/washington D.C(?) where tear gas is being used to disperse the crowds from forming too large.
sr. member
Activity: 434
Merit: 250
Ooh, shiny things!!
Just when I think the price has stabilised for a while, we get another little downward bump.  It's all cool though - as long as our stomachs can stand a few more weeks/months of this downward turbulence, we're going to have the most amazing handle to finish off the cup!!!!  Grin Grin Grin


I am not sure what you mean by stablized? 

Just a few days ago, we had about a 10% rise in prices.. and sure that rise was a reflection of a 30% correction and some seemingly rebound from that correction, yet we cannot already be in some stable place, no?

Sure, maybe prices could settle somewhere in this $900 price arena, but it really seems that there still remains disagreement about where price is and whether it should be here.. and that disagreement is coming from both ends.

I don't know what is going to happen, but bouncing in the $750 to $1,000 range in the coming days and even weeks is certainly plausible.  I am kind of starting to think that some bears may be accumulating some coins to make another attempt at the lower $800s, but yeah, what the fuck do I know, but my sense is that there could be another attempt at a push down and to see what kind of support there is for those levels and to attempt to verify if they can break through lower, and the battle does not seem to over, but maybe once we get another test of lower $800s support, then we will be able to move back up to testing $1,000 resistance and thereafter?

Either way, the situation does not yet seem stable to me, even if there does seem to be some feeling of temporary lull in the current battle...

Sorry, I know the price is liable to leap in either direction at any time, and thanks to the recent bounces I now feel well suited-up for a plunge as well as fuelled up to fly - whichever happens first.  I really just meant that it looked as though it had settled, as in found a lull, long enough for me to be able to take my eyes off it for half an hour without coming back to a surprise!  Instead I checked back after watching a telly program to yet another surprise.  Well, not really a surprise, of course, but when I guessed the price before I looked I was wrong  Tongue
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
Damn... these whales trying to soooo hard to peg right at $899.9999



Nonsense.   Roll Eyes   Tongue

Really JJG?




JJG is like our resident Trump.  He tries to gaslight us all into not believing our own powers of observation.  Roll Eyes

Oh, look, I have been seeing the price at $896.11 a lot in the past few hours.  There must be some meaning to it...? 

I think that those fucks have manipulated the price to stay at this $896.11... There's gotta be a reason.. .I see it.... I see it..  Don't deny my observation.. it is real and meaningful.   Embarrassed

legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
Just when I think the price has stabilised for a while, we get another little downward bump.  It's all cool though - as long as our stomachs can stand a few more weeks/months of this downward turbulence, we're going to have the most amazing handle to finish off the cup!!!!  Grin Grin Grin


I am not sure what you mean by stablized? 

Just a few days ago, we had about a 10% rise in prices.. and sure that rise was a reflection of a 30% correction and some seemingly rebound from that correction, yet we cannot already be in some stable place, no?

Sure, maybe prices could settle somewhere in this $900 price arena, but it really seems that there still remains disagreement about where price is and whether it should be here.. and that disagreement is coming from both ends.

I don't know what is going to happen, but bouncing in the $750 to $1,000 range in the coming days and even weeks is certainly plausible.  I am kind of starting to think that some bears may be accumulating some coins to make another attempt at the lower $800s, but yeah, what the fuck do I know, but my sense is that there could be another attempt at a push down and to see what kind of support there is for those levels and to attempt to verify if they can break through lower, and the battle does not seem to over, but maybe once we get another test of lower $800s support, then we will be able to move back up to testing $1,000 resistance and thereafter?

Either way, the situation does not yet seem stable to me, even if there does seem to be some feeling of temporary lull in the current battle...
legendary
Activity: 1066
Merit: 1098
http://finance.yahoo.com/news/grayscale-investments-llc-ceases-private-140000550.html

I'm not sure I'm clear on the meaning of this.
Are they suggesting that GBTC will use a different mechanism for purchasing shares going forward, or that they will no longer be maintaining the 10:1 ratio and instead letting the investment center around the number of coins currently held by the trust?


They appear to be doing some kind of IPO of up to $500,000,000 dollar value, according to the document, and changing the way the shares work.

https://www.sec.gov/Archives/edgar/data/1588489/000119312517013693/d157414ds1.htm

Quote
Prior to this offering, Shares were distributed by Genesis Global Trading Inc. (“Genesis”), acting as the initial purchaser and sole Authorized Participant, through sales in private placement transactions exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”) pursuant to Rule 506(c) thereunder. After this offering, Shares will be distributed by Authorized Participants. Genesis will not act as an Authorized Participant in connection with the public offering of the Shares. It is expected that the Shares will be sold to the public at varying prices to be determined by reference to, among other considerations, the price of the bitcoins represented by each Share and the trading price of the Shares on NYSE Arca at the time of each sale. Shares registered hereby are of the same class and will have the same rights as the Shares distributed prior to this offering.

In exchange for issuing and redeeming Baskets of Shares, the Trust will receive from, or deliver to, Authorized Participants or Liquidity Providers (as defined herein) a number of bitcoins equal to the value of Shares in a Basket. As of the date of this prospectus, each Share represents approximately 0.094 of a bitcoin.

The Authorized Participants will not receive a selling commission or discount from the Trust in consideration of the distribution of Shares to the public through sale on NYSE Arca. Purchasers of Shares may be subject to customary brokerage charges. Investors should review the terms of their brokerage accounts for details on applicable charges. The Authorized Participants may receive commissions or fees from investors who purchase Shares offered hereby through their commission and fee-based brokerage accounts.
legendary
Activity: 3512
Merit: 4557
In the meanwhile The Race is on for a Bitcoin ETF
http://www.wsj.com/articles/the-race-is-on-for-a-bitcoin-etf-1484919815

Ex-Gemini Lawyer: SEC 'Unlikely' to Approve a Bitcoin ETF  Cry

Quote
Though Brill does believe that that a bitcoin ETF will eventually be allowed to do business on a major stock exchange, he said the SEC will be unlikely to do so while as much as 95% of all bitcoin transactions are carried out in China

He got point to say Bitcoin is not mature enough...yet. It can take another few years to get it done which make sence.

http://www.coindesk.com/ex-gemini-lawyer-sec-unlikely-to-approve-winklevoss-bitcoin-etf/
legendary
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
hero member
Activity: 625
Merit: 501
x
http://finance.yahoo.com/news/grayscale-investments-llc-ceases-private-140000550.html

I'm not sure I'm clear on the meaning of this.
Are they suggesting that GBTC will use a different mechanism for purchasing shares going forward, or that they will no longer be maintaining the 10:1 ratio and instead letting the investment center around the number of coins currently held by the trust?
legendary
Activity: 2310
Merit: 1422

Am I right in saying his data has been correct regarding bitcoin quite a few times? (Not all the time obviously)

I have recently seen a video regarding web bot predictions of bitcoin and silver and it states he has been right in the past with very odd predictions and it's been right, especially in the 400s and 800s.

Because of him I bought when it was 200$ ... Just because I'm a doom & gloom guy and I really don't like banks! Cheesy Cheesy
Similar price I paid for the majority of my coins. I was between 200-300. Not bad.

Yes same here. In June 2015 I moved most of my salary to BTC. That has been my wisest choice so far. And when we'll hit 2k... because we will, I'll probably be a happy guy.
In the meanwhile The Race is on for a Bitcoin ETF
http://www.wsj.com/articles/the-race-is-on-for-a-bitcoin-etf-1484919815
legendary
Activity: 1358
Merit: 1016

Am I right in saying his data has been correct regarding bitcoin quite a few times? (Not all the time obviously)

I have recently seen a video regarding web bot predictions of bitcoin and silver and it states he has been right in the past with very odd predictions and it's been right, especially in the 400s and 800s.




Because of him I bought when it was 200$ ... Just because I'm a doom & gloom guy and I really don't like banks! Cheesy Cheesy


Similar price I paid for the majority of my coins. I was between 200-300. Not bad.
hero member
Activity: 1876
Merit: 612
Plant 1xTree for each Satoshi earned!

Am I right in saying his data has been correct regarding bitcoin quite a few times? (Not all the time obviously)

I have recently seen a video regarding web bot predictions of bitcoin and silver and it states he has been right in the past with very odd predictions and it's been right, especially in the 400s and 800s.




Because of him I bought when it was 200$ ... Just because I'm a doom & gloom guy and I really don't like banks! Cheesy Cheesy
legendary
Activity: 1358
Merit: 1016



8 ... 8 ... 8 ... Them Chinese voodoo believers... Cheesy Cheesy








Is the second pic the web bot guy? What is everyone's view on web bot. Reading about bitcoin over this year and next from web bot sounds incredible. I can only hope it happens.


Yep... Cliff High..  Tongue


My view is that he is bullish on BTCiTcoin!  But, regarding the web bot, as the guy in the picture said: "it is better than chance". And I tend to believe the same, it is better than chance.


And even if Cliff owns a few coins and maybe gives too much attention to it sometimes. Regarding to his interests of rising awareness and motivating people to buy and rise his own price through his "propaganda" or better said free advertising of bitcoin. I don't mind that at all. We could use more people spreading the word of our ruthless Lord and Savior BTCiTcoin!

Am I right in saying his data has been correct regarding bitcoin quite a few times? (Not all the time obviously)

I have recently seen a video regarding web bot predictions of bitcoin and silver and it states he has been right in the past with very odd predictions and it's been right, especially in the 400s and 800s.

hero member
Activity: 1876
Merit: 612
Plant 1xTree for each Satoshi earned!



8 ... 8 ... 8 ... Them Chinese voodoo believers... Cheesy Cheesy








Is the second pic the web bot guy? What is everyone's view on web bot. Reading about bitcoin over this year and next from web bot sounds incredible. I can only hope it happens.


Yep... Cliff High..  Tongue


My view is that he is bullish on BTCiTcoin!  But, regarding the web bot, as the guy in the picture said: "it is better than chance". And I tend to believe the same, it is better than chance.


And even if Cliff owns a few coins and maybe gives too much attention to it sometimes. Regarding to his interests of rising awareness and motivating people to buy and rise his own price through his "propaganda" or better said free advertising of bitcoin. I don't mind that at all. We could use more people spreading the word of our ruthless Lord and Savior BTCiTcoin!
legendary
Activity: 2352
Merit: 1064
Bitcoin is antisemitic

Why don't you or zentrade setup an rss or twitter feed to alert us of BTC TA updates? I don't want the whole zentrade rss, just the BTC part.
legendary
Activity: 1358
Merit: 1016



8 ... 8 ... 8 ... Them Chinese voodoo believers... Cheesy Cheesy








Is the second pic the web bot guy? What is everyone's view on web bot. Reading about bitcoin over this year and next from web bot sounds incredible. I can only hope it happens.
legendary
Activity: 1162
Merit: 1000
Trump inauguration bull run is coming today. All those people thinking its the end of the world and all that good stuff once chaos ensues in DC
Ready to cash out at 1000

more like the nothing happened day, at least so far

most significant event was the flash break of $900 then to correction back to $888

I don't see anything happening now, unless some big news come out or if the PBOC farts
newbie
Activity: 15
Merit: 0
Just when I think the price has stabilised for a while, we get another little downward bump.  It's all cool though - as long as our stomachs can stand a few more weeks/months of this downward turbulence, we're going to have the most amazing handle to finish off the cup!!!!  Grin Grin Grin

From what I currently can see at the market, sell orders of big players are set at 950 and above. The crowd with its market orders is not able to push due to lack of liquidity. Sideways scenario is most realistic for the next week until 950 level reached http://zentrade.online/bitcoinusd-price-action-analysis-bitmex-perpetual-swap-xbtusd-update-20170120/
sr. member
Activity: 434
Merit: 250
Ooh, shiny things!!
Just when I think the price has stabilised for a while, we get another little downward bump.  It's all cool though - as long as our stomachs can stand a few more weeks/months of this downward turbulence, we're going to have the most amazing handle to finish off the cup!!!!  Grin Grin Grin
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