Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18595. (Read 26656910 times)
June 18, 2016, 03:18:33 PM
someone wants double top very badly.
June 18, 2016, 03:17:47 PM
Heavy resistance, especially in China. If this goes sideways for another hour, it will start looking corrective...
It did... and the dump triggered my stop loss... so just a tiny loss...
June 18, 2016, 03:17:42 PM
wtf? new 2 year high then instadump?
It was the Borgan Quench out in force again.
Still plummeting.
June 18, 2016, 03:17:14 PM
Boop?
Boop!
Boop!
June 18, 2016, 03:16:48 PM
wtf? new 2 year high then instadump?
June 18, 2016, 03:14:33 PM
That pump has done a quick 180 and turned into a dump.
June 18, 2016, 03:12:25 PM
I've been trying to compare 2014-2016 to 2011-2013 under the assumption that it's time to break ATH now but it doesn't make any sense and the structure/symmetry just isn't the same (not to mention the different timescales). In the 2011 chart you can see that bottom being reached to the left only 33% of the way through the chart. However in the 2015 chart you see bottom not being reached until 50% of the way through the chart and dragging on all the way through 75% of the way through the chart at roughly the same level. The bottoming out was much weaker and the jump to now supposedly try to challenge ATH is extremely sudden. Therefore, odds are most likely that we need another midterm consolidation of 6 months of to make an even chart. I see the following possibilities:
1. 25%: This is a trap and a sort of double top before another serious bear market.
2. 50%: There is going to be a 6 month consolidation phase before ATH is broken.
3. 25%: ATH is broken now.
I see two major possibilities, either this:
...or this:
In the first scenario price just continues up because the long period of consolidation has already happened.
In the second scenario this 4 month consolidation price has been in, represents the first long consolidation in the 2011 bubble, therefore price needs another long consolidation of several months before breaking ATH.
So in my opinion it's more something like this:
50%: Price just continues and breaks ATH
40%: Price goes into a big consolidation for several months before breaking ATH
10% It just dumps and continues dumping.
June 18, 2016, 03:10:12 PM
ding ding
June 18, 2016, 03:07:03 PM
This weekend is so far different. The price in CNY is on par with USD. I hope the China push is coming now.
June 18, 2016, 03:06:22 PM
okcoin weekly futs $1 under 800
June 18, 2016, 03:05:31 PM
June 18, 2016, 03:05:22 PM
Heavy resistance, especially in China. If this goes sideways for another hour, it will start looking corrective...
One of these times you're bound to be right. until then... CCMF
June 18, 2016, 03:04:42 PM
Here we go
June 18, 2016, 03:04:31 PM
Green candle alert.
June 18, 2016, 03:03:49 PM
Finex trying for 800
June 18, 2016, 02:39:19 PM
I am really scared to write here, because my posts were deleted as offtopic and irrelevant to Bitcoin price. But Argentina is not in good shape too, their currency is in turmoil for longer time. Now they have allegedly right wing government, but nothing will change. Paraguay and Uruguay has decent policies and have no major problems.
I think the candidate can be Russia one day. They are hostile recently to cryptos, but this can change. They have good infrastructure, smart people and economy in bad shape.
I think the candidate can be Russia one day. They are hostile recently to cryptos, but this can change. They have good infrastructure, smart people and economy in bad shape.
You should probably post in the politics sub section if this is the type of stuff you like to discuss.
https://bitcointalk.org/index.php?board=34.0
June 18, 2016, 02:35:14 PM
I am really scared to write here, because my posts were deleted as offtopic and irrelevant to Bitcoin price. But Argentina is not in good shape too, their currency is in turmoil for longer time. Now they have allegedly right wing government, but nothing will change. Paraguay and Uruguay has decent policies and have no major problems.
I think the candidate can be Russia one day. They are hostile recently to cryptos, but this can change. They have good infrastructure, smart people and economy in bad shape.
I think the candidate can be Russia one day. They are hostile recently to cryptos, but this can change. They have good infrastructure, smart people and economy in bad shape.
June 18, 2016, 02:27:31 PM
We should see a new market cap ATH soon, was it around 13b?
Does any ever do a TA analysis involving market cap in any kind of security? I thought it was always price.Price is what grabs attention, affects people's trade profits, triggers stop orders, etc.
June 18, 2016, 02:26:24 PM
Seeing that something similar is happening in brazil is interesting. Their inflation rate has been climbing over the years and is about 9% right now. Not yet a real target for bitcoin, but it will come in time if things move forward as they do. And they usually do when it comes to inflation.
Hopefully Bitcoin will be ready by then.
Any other targets we should know of?
Hopefully Bitcoin will be ready by then.
Any other targets we should know of?
June 18, 2016, 02:17:36 PM
Yeah, whole South America now is blaming leaders. But it is the people who choose them or who choose not to overthrow them. Venezuela is not a dictatorship, they elected their leaders.
We will see, but I am pretty sure that it will not be South America who will adopt btc first. It is really sad, because it makes perfect sense. But only in theory. The max what btc can do it that the digital elites in Venezuela will use btc as reserve currency (which is what is happening right now and also in Brazil that goes to shit as well [Brazilian turnover now is over 1K btc/day in local exchanges and much of those coins are I believe for hodling]).
We will see, but I am pretty sure that it will not be South America who will adopt btc first. It is really sad, because it makes perfect sense. But only in theory. The max what btc can do it that the digital elites in Venezuela will use btc as reserve currency (which is what is happening right now and also in Brazil that goes to shit as well [Brazilian turnover now is over 1K btc/day in local exchanges and much of those coins are I believe for hodling]).
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