Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19961. (Read 26608633 times)

Reek will do.

I want to wake up with 500$+ price.

Pump hard guyz!

To me it seems that predictions of BTC's price movements in the coming month or two remains quite difficult to predict with any kind of precision.

Currently, I am thinking that in the short term, one to three months, it may be somewhat healthy for the whole Bitcoin space if the price were to float between $380 and $420.

It seems that the Bitcoin space is not really capable of $380 to $420 stability at this stage of its existence, and we are likely to witness considerable continued BTC price volatility during the next approximate 2 months outside of the $380 to $420 price range (or any other approximately 10% price range).  There simply remains uncertainty and disagreement regarding the current BTC price, which translates as an ongoing price battle.

 I'm fairly confident that near term price volatility could be either upwards or downwards (or sideways..    - just kidding).

Personally, upwards would be nice, but I think that if btc price were to break passed $440-ish within the next few weeks then that price movement becomes a kind of green light signal for anyone else who is watching the space, and accordingly, $600 seems nearly inevitable to follow soon thereafter or even a higher subsequent BTC price point.

On the other hand it seems as if any such $600 BTC price arena would not be sustainable in the short term. 

In the end, my sense of potential upward BTC price dynamics, as outlined above could become inaccurate because it remains really difficult to predict exactly where BTC's price is going when the market cap remains at this relatively low level and some fairly small financial players can invest relatively small amounts but wield a decent impact on BTC's short term price direction  In that regard, there remains some curiosity concerning what some of the bigger financial players are doing (or attempting to do) in the bitcoin space  or any attempts to manipulate BTC prices that can really interfere with any kind of real short term BTC price predictability - whether predicting upwards or downwards in price movements.

Seems to me like we're done with the downward portion within that channel. Breakout imminent.

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+400$ by the night then we can celebrate early Christmas. I'm expecting 500$ until the end of the year.

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pick up around $375? 

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They are good for those people that still don't have and want to buy cheap bitcoins.

Leverage should provide more stability...until it doesn't then we get fireworks and leverage acts as fuel for a bomb or afterburners for the moon rocket depending on your perspective. And everyone likes rockets. So yes i enjoy watching shorts burn, wish there'd be more of them lately 

Short answer is nobody knows and those spikes could be caused by many things.
In the last two days people borrowed ~ $2MM on finex and bought BTC with it. So roughly BTC5k were bought on borrowed funds which needs to be repaid back. So what seems like a natural growth and a rise in demand (to a degree) is just someone speculating. Speculators have to pay interest on borrowed funds, and the more they borrow the higher the interest gets. Market knows this and when leverage gets out of control the domino effect causes a (usually a violent) correction. As far as what are those break points or even how much effect that leverage has on say Chinese volumes is the name of the game

It doesn't work.
The problem with retarded dumpsters and dollar cultists is that they can't buy same amount of bitcoins they've dumped without triggering panic buy and a new top! They simply can't print bitcoins in the way they print fiat.

How does that work? Does a whale wait until there are 90% leveraged longs and 10% leveraged shorts, then put a giant short on, then dump so hard it calls all the leveraged longs? Is that why there was a massive spike down by $20 on bitfinex last night?

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yes shorts and longs were one thing I did not look at when I bought earlier today.

I only have a short time each day to buy or sell.

anyway my response wasn't that helpful as I was talking about eventually and the OP was talking about the present.

We'll get over 400 obviously at some point but there does seem to be resistance there at the moment. Probably a lot of manipulation because some big players who are leveraged might get REKT if we go past 400.

Not hitting the 400 yet. Come on this is the 4th transition of Sparta. The 400 march 

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