Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21254. (Read 26712937 times)

Is that a textbook cup and handle formation on the 1d chart or what? 

Hey, ce va?

This is a pretty pathetic attempt to crash the price on Greek bailout news.  That's was already priced in when we crashed from $308.

hahah priceless 

Going on a sailboat holliday for 20 days now. Happy trading, guys! 

Hey, ce va?

calm your longs bro, stop getting burnt.

Stop talking, you are dead!

Im pretty damn sure you are right, sir.

after the 300 double top we can finally go sub 200

after the 300 double top we can finally go sub 200

When is the halving approximately?

Shorts up to 12.5k.

Longs at 27.5 mil USD.

In a bear market sideways action leads to impatience and a heavy speculator deciding market direction with a speculative sell (in the direction of trend). With the bear market technically over it will be interesting to see how the next move plays out.

'Line on a chart' analysis suggests as long as we stay above 275 - 280 we will probably break higher and through resistance at 300. If that happens then like a light being switched on, the bitcoin bull will be back and we could see 400 quickly.

If we stagnate here then we could range trade for a few months. Lots of support levels right down to super support at 210-220.

The halving countdown has already begun. My guess would be that the bitcoin halving rally will be front run by traders second guessing the previous bitcoin halving (rally after) and the recent litecoin halving surge (rally before) and we will rally earlier than most traders expect.

We still have two swords of damocles (gox coins could be bearish, could be bullish; coin etf - could be massively bullish if allowed by SEC eventually) and a little dagger (final us marshalls auction of 44k) hanging overhead.

I think we will move sideways for a bit as bitcoin shakes out the shorters a few more times before it does it's thing.

*tinfoil hat on*

bitcoin and crypto represents a distinct threat to the global nwo police state corporate fascism military industrial complex whatever you want to call it. i think many of us here understand this on some level. btc and other crypto is basically money that (we think?) did not come from governments/banks and they cannot easily control or contain. perhaps most fundamentally we the powerless are not supposed to be able to evade and escape from governments/banks or even dare think to do so. the best that can be done is to expend resources financial, technical, media, political, legal to attempt to hold it back long enough that it can either be consumed and controlled by the state/bank power structures or that it is defeated on a technical level or that it implodes upon itself in financial terms ie extreme loss of value and major loss of users and merchants. if btc reaches (it probably hasn't yet) a critical mass of growth in adoption it could upend and decimate other stores of wealth specifically government backed fiat currencies. i could see a hypothetical global cryptographic backed democratic direct government of some sort being adopted, in concert with the rise of cryptocurrency and decimation of existing fiat wealth, and governments may fall, perhaps to be replaced by some type of resource management system governed by the will of all citizens of earth. whether this would instigate global war and force all countries to adopt dictatorial regimes, lead to complete anarchy and breakdown of society, or herald a new era of human freedom and global peace is the question.

or it could just be intentional manipulation/interference with the btc system by tech savvy whales for solely greed based reasons.