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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23464. (Read 26711605 times)

newbie
Activity: 56
Merit: 0
Huobi is back online.
legendary
Activity: 1540
Merit: 1003
alan watts is all you need
Yes, this bottom looks like the October one and it is AT LEAST a medium term bottom.

Pull up bitcoinwisdom and look at finex or stamp on a longer timeframe chart (say 6 hours) and zoom out. Look at the volume! Now compare it with the bottom at 275.

If your point is we had MORE buy volume on Oct. 4th at 275, then I agree with you.  And look at where we are now.  I don't see this as reversal.

A reversal is when you can go to a 30m, 1h, 2h, 4h, 6h, and 12h chart and all see the same thing:  rising price on rising volume.

Its possibly a short term reversal. It'll go back down. Here is how $ 275 played out after. .  broke down



legendary
Activity: 1092
Merit: 1000
For once a majority of people are saying in the poll it will go up within 24 hours.
Why is this?
I have been away for a couple days.
I really want it to hit 240$ per BTC ASAP.

Anyone mind filling me in?


hammer time! blood is in the streets! it's time to buy! (that pretty much covers what ya missed)
member
Activity: 98
Merit: 10
legendary
Activity: 1792
Merit: 1047
legendary
Activity: 1092
Merit: 1000
as a miner who pays 0.06 $ / kWh I look forward to some serious difficulty adjustments downwards.


i heard hashrate went up ?? probably from the new antminer .
legendary
Activity: 2156
Merit: 1131
I don't understand. At around 200 USD, mining is not profitable at all but the difficulty doesn't crash !
How can mining company still be running right now ?
just a question of energy-costs.
bitcoin would have to fall at sub 20$ to get the first big mining companies to quit mining cause of energy-cost problems.

Damn, I was hopping for mining companies to go bankrupt.

Let's get Bitcoin to 20 USD then !

50 USD for 1000 BTC, sounds good Wink
newbie
Activity: 56
Merit: 0
Some interesting Ideas on this chart: https://www.tradingview.com/v/lonXBeb6/

This guy also post additional factors.

I think RSI lower than 30, Stochastic & Stochastic RSI lower than 20 are telling the same story that this bottom is the same as the October bottom.
ImI
legendary
Activity: 1946
Merit: 1019

I don't understand. At around 200 USD, mining is not profitable at all but the difficulty doesn't crash !

How can mining company still be running right now ?


just a question of energy-costs.

bitcoin would have to fall at sub 20$ to get the first big mining companies to quit mining cause of energy-cost problems.
sr. member
Activity: 379
Merit: 250
hero member
Activity: 574
Merit: 500
Yes, this bottom looks like the October one and it is AT LEAST a medium term bottom.

Pull up bitcoinwisdom and look at finex or stamp on a longer timeframe chart (say 6 hours) and zoom out. Look at the volume! Now compare it with the bottom at 275.

If your point is we had MORE buy volume on Oct. 4th at 275, then I agree with you.  And look at where we are now.  I don't see this as reversal.

A reversal is when you can go to a 30m, 1h, 2h, 4h, 6h, and 12h chart and all see the same thing:  rising price on rising volume.

The volume is thin because many still didn't believe in the reversal yet. Volume will catch up once people confirmed it as a reversal.

what charts are you guys looking at, cause at least stamp, and finex .. don't have more volume at 275.. than we did breaking 200.

as to what amounts are buy volume that is gonna be subject to the candles timeframes. Unless you have data of the order flow.
newbie
Activity: 56
Merit: 0
Huobi is back online now.

Who promised panic selling would start again, because of Huobi?
sr. member
Activity: 378
Merit: 254
... Volume will catch up once people confirmed it as a reversal.

I've been promised $300,000 coins, that still on track?
full member
Activity: 167
Merit: 100

I don't understand. At around 200 USD, mining is not profitable at all but the difficulty doesn't crash !

How can mining company still be running right now ?


It is profitable once the hardware is bought, since they have it, they keep mining
sr. member
Activity: 378
Merit: 254
...
all illegal immigrants (mexicans) now get a free 'get your money in the bank' id cards so they too can enjoy the same benefits as first class citizens (instead of being second class and left out of the benefits). first class citizen benefits: get abusively taxed, get obama-irs-scheme-cared, buy stocks @ATH's, buy high sell low, and get bailed-in!!

What can we do to stop these mud people, aztecminer?  The Jews and their government puppets (look who's the president now, those people are shameless!  It's as if they are mocking us!) have colluded to impoverish the decent, full-blooded Americans like you and me.
What's To Be Done?!


the reason for any bail-ins will be because of an economic crisis. i think making sure your own ass is covered. i think still some time left though cuz they gotta get the mexican's money in the bank's .

Why pardon my quoting of an ignored character, but... aren't you Russian?  Grin

It'll take more than your slanderous lies to sabotage my clan career Cool

newbie
Activity: 56
Merit: 0
Yes, this bottom looks like the October one and it is AT LEAST a medium term bottom.

Pull up bitcoinwisdom and look at finex or stamp on a longer timeframe chart (say 6 hours) and zoom out. Look at the volume! Now compare it with the bottom at 275.

If your point is we had MORE buy volume on Oct. 4th at 275, then I agree with you.  And look at where we are now.  I don't see this as reversal.

A reversal is when you can go to a 30m, 1h, 2h, 4h, 6h, and 12h chart and all see the same thing:  rising price on rising volume.

The volume is thin because many still didn't believe in the reversal yet. Volume will catch up once people confirmed it as a reversal.
legendary
Activity: 2156
Merit: 1131
 
I don't understand. At around 200 USD, mining is not profitable at all but the difficulty doesn't crash !

How can mining company still be running right now ?
full member
Activity: 140
Merit: 100
Bitcoin - love & hate
you guys should gobble up the cheap coins to sustain the organic growth/help the whales reach their target dump point

Silence. Otherwise they dump too.
legendary
Activity: 3794
Merit: 5474
Yes, this bottom looks like the October one and it is AT LEAST a medium term bottom.

Pull up bitcoinwisdom and look at finex or stamp on a longer timeframe chart (say 6 hours) and zoom out. Look at the volume! Now compare it with the bottom at 275.

If your point is we had MORE buy volume on Oct. 4th at 275, then I agree with you.  And look at where we are now.  I don't see this as reversal.

A reversal is when you can go to a 30m, 1h, 2h, 4h, 6h, and 12h chart and all see the same thing:  rising price on rising volume.
legendary
Activity: 1526
Merit: 1012
you guys should gobble up the cheap coins to sustain the organic growth/help the whales reach their target dump point
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