Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Our glorious overlords apparently have not filled their bags enough yet so feel the need to push the price back downwards. I believe this trend will continue for a month or so until right before Consensus. Where miraculously bitcoin and shitcoin alike will again start to gravitate upwards towards new yearly highs.

All dramatics aside(or maybe this should read to fully embrace the drama), I think the basic problem is still the battle of forks between btc and bch and btcsv. Every time one trys to pump their coins there is an almost immediate dump to drive prices back down and vice versa.

Its really getting quite old dont you think? It is really quite striking to watch this technological wonder grow yet not have a shred of confidence in its price due to the actions of a few. Same as it ever was. #dyor

Nah. We are supposed to track sideways until October 2019. No manipulation required.

With all due respect, why are we supposed to repeat prior flat mo for mo?
Every bull and bear in btc so far was different, albeit they "rhymed" in decline %.
For example 2013 double pop (from $12 to $250, then sharp decline into $45, then $1160 peak) was not repeated in 2018-2019.
It is reasonable to suggest that flat may last longer, but i see no "need" for it to last until October.

I am just trying to find some rational explanation for that 11.34% haircut we took and no matter how appealing it is to look at previous chart history it is a fact that the current market has completely different dynamics today then in 2015. That being said, we have and will continue to see echoes of past cycles in the charts but I think it would be foolish to expect direct correlation in more than a cursory fashion.

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bitcoin

Good morning all.

The algos are getting so smart its hard to tell in the short term anymore which way the market might turn. Yesterday I was fairly certain that we were heading downward but that seems to have past for the most part. I still think there will be a small dip to pull up some liquidity but a neutral buoyancy with a slight upwards slant continues to dominate the longer time frames. This leads me to suspect we will continue sideways movement between $3.8k and $4k for awhile longer. #dyor
1h

#stronghands'19