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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17854. (Read 26609702 times)

sr. member
Activity: 358
Merit: 250
Tasty cheap coins mhmhmmhhm.
legendary
Activity: 1512
Merit: 1012
hero member
Activity: 1011
Merit: 721
Decentralize everything
Yo dawg! I heard you like cups'n'handles...

Seeing them everywhere now..
legendary
Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
Yo dawg! I heard you like cups'n'handles...
sr. member
Activity: 574
Merit: 251
The Chinese new year is coming, and Donald Trump is coming too, so I don't expect sideways for the rest of January.

Don't know if the effects will last, I expect sideways after january

Are you suggesting the price will keep on rising on chinese new year? It always happens the opposite, and the price dumps a little.
legendary
Activity: 2772
Merit: 1127
The Chinese new year is coming, and Donald Trump is coming too, so I don't expect sideways for the rest of January.

Don't know if the effects will last, I expect sideways after january
hero member
Activity: 1011
Merit: 721
Decentralize everything
One or two weeks is nothing.
In 2015 we went sideways for several months!!!
Therefore my patience is always stronger!! Cheesy

Very true, after hodling for 3+ years and so many damn pumps and dumps I should have more patience - just so tantalizingly close to ATH and the next big rally!
legendary
Activity: 1442
Merit: 1016
I have a feeling we're in for a lot of sideways for the next week or two, to complete the massive cup and handle everyone is talking about. As long as we stay above $800 we should be good. Once that's done we'll be back over $1k and ATH in no time..just be patient!

One or two weeks is nothing.
In 2015 we went sideways for several months!!!
Therefore my patience is always stronger!! Cheesy

In terms of the price level you are talking about I agree.Anything above $800 is nothing we need to be worried about.
Even if we drop below that for a short moment it is ok.
legendary
Activity: 2338
Merit: 2106
hero member
Activity: 1011
Merit: 721
Decentralize everything
I have a feeling we're in for a lot of sideways for the next week or two, to complete the massive cup and handle everyone is talking about. As long as we stay above $800 we should be good. Once that's done we'll be back over $1k and ATH in no time..just be patient!
legendary
Activity: 2772
Merit: 2846
Good morning everyone. Morning here anyway.

What is the prediction for today? Dropping back to the mid 800s or settling nicely in to the early/ mid 900s.

i predict 2nd

i predict neither, because I think a 3rd sideways option is most likely.
legendary
Activity: 1904
Merit: 1185
notorious shrimp!
Good morning everyone. Morning here anyway.

What is the prediction for today? Dropping back to the mid 800s or settling nicely in to the early/ mid 900s.

i predict 2nd
legendary
Activity: 1358
Merit: 1016
Good morning everyone. Morning here anyway.

What is the prediction for today? Dropping back to the mid 800s or settling nicely in to the early/ mid 900s.
legendary
Activity: 2842
Merit: 1511
legendary
Activity: 2310
Merit: 1422
Quote
Forget libertarians, speculative individual investors and Chinese savers trying to spirit money overseas. The reality is that professionals armed with cutting-edge technology now drive as much as 80 percent of bitcoin trading, mimicking strategies honed by some of the biggest players on Wall Street. To them, bitcoin is just the latest asset class ripe for conquering with machines.

For once I completely agree with Bloomberg. This is the reality for the bitcoin price market. We all know it.

Reference: https://www.bloomberg.com/news/articles/2017-01-16/high-speed-traders-are-taking-over-bitcoin-as-easy-money-beckons
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
All I see is little dumps of 0.02 or the like in bitstamp. This is keeping the price from going up, who do you think would want to do this? My theory is that it could be miners with thousands of coins and no transaction fees in some Chinse bitcoin site, or flash traders with bots doing hundreds of transactions a second.

You are describing an ongoing practice of a multitude of traders, and from looking at these kinds of factors over such a short period, you cannot determine who or motive and it does not even really matter that much because the essence of the matter is that prices went up more than 10% in one day and the momentum is up, even if some folks want to slow down such upward momentum and are hoping that it will reverse.. You cannot really tell what is going to happen, including if someone might be preparing to dumb 1000 coins.. and maybe get some success and maybe not.
newbie
Activity: 18
Merit: 0
All I see is little dumps of 0.02 or the like in bitstamp. This is keeping the price from going up, who do you think would want to do this? My theory is that it could be miners with thousands of coins and no transaction fees in some Chinse bitcoin site, or flash traders with bots doing hundreds of transactions a second.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
Who the hell is dumping and why??? Seriously, i hope this recovers soon...

Tim Draper  Grin

Nah.. that is unrealistic ...

bitcoin bulls, such as draper, don't dump btc in such a way to try to tank the price, unless they become either jaded or rage quitting...

legendary
Activity: 3512
Merit: 4557
Another run up? Cool. Unexpected but I like it.

Those with the best crystal balls win.

hero member
Activity: 615
Merit: 500
Who the hell is dumping and why??? Seriously, i hope this recovers soon...

Tim Draper  Grin
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