Wall Observer

[Tomothy]

Thought we would break out. Moon delayed again :/ Maybe 2018?

 

[JayJuanGee]

Thought we would break out. Moon delayed again :/ Maybe 2018?

Why so pessimistic? We have not even finished 2016 yet, and then we have the whole year of 2017 in front of us before we even reach 2018... it is quite possible that 2018 will be the year of the correction rather than the year of break out(s), which seems more likely to be a 2017 phenomenon.. if it occurs.

 

[Zangelbert Bingledack]

@Tomothy

It feels to me like a breakout is indeed imminent. Price has been on a straight course up over the past month and on several medium-term timescales, and that trend is now meeting the critical resistance at $800. Fireworks seem inevitable.

 

[Richy_T]

Well, not sure what's happening with Coinbase. I'll have a look tomorrow and see if it's an easy fix. If not, I'll just drop them. They're not very interesting.

 

[Zangelbert Bingledack]

Bull flags on several timescales, steady rise on almost every timescale. Pushing the high-water mark. Prepare for liftoff.....

 

[Kurious]

Your old thread tonight, Adam:


You're missed and it's YOUR thread, but Jeez - I can see why you don't bother going back

 

[Zangelbert Bingledack]

Bull flags on several timescales, steady rise on almost every timescale. Pushing the high-water mark. Prepare for liftoff.....

Liftoff seems to be starting.

 

[Brett Cornish]

Head and shoulder pattern? Maybe drop?

 

[Zangelbert Bingledack]

Could retest $860 or something, but it seems like it is just taking a well-deserved rest. Should continue up until next resistance at $1000, tangle with that for a few days, then we should see some real fireworks above that.

 

[Zangelbert Bingledack]

Could retest $860 or something, but it seems like it is just taking a well-deserved rest. Should continue up until next resistance at $1000, tangle with that for a few days, then we should see some real fireworks above that.

Bounced off $860 like clockwork!

 

[adamstgbit]

Bounced off $860 like clockwork!

launch pad at 920, next stop 1337$

 

[adamstgbit]

price is high?

no you're high if you think 1000$ is any kind of ceiling for bitcoin.

logicly a price of 32,000$ makes sense. And this is a low ball estimate which presumes minimal success and we all know it.

 

[yrral86]

Agreed, but I'm not sure we are ready for that price on this run. If we do shoot that high the crash will likely scare off enough people that we will have another 3+ year recovery period. But if we were to top at 10k and correct to say 7k we could be ready to go again in 6 months to a year.

 

[adamstgbit]

Agreed, but I'm not sure we are ready for that price on this run. If we do shoot that high the crash will likely scare off enough people that we will have another 3+ year recovery period. But if we were to top at 10k and correct to say 7k we could be ready to go again in 6 months to a year.

i guess it depends on how you define a run.
but yes i would expect some ups and downs and stability followed by more ups and downs, as we make our way above 32,000.
as far as the immediate run is considered 1337 - 3200 is probably a good ballpark top.

 

[Zangelbert Bingledack]

This post was actually really good. Best and most comprehensive big-picture price analysis I've seen, good for linking to newbs.

https://medium.com/@mcasey0827/speculative-bitcoin-adoption-price-theory-2eed48ecf7da#.8z25cu16y

 

[adamstgbit]

all my calculations point to >1000 in <48hours

 

[Bagatell]

 

[Zangelbert Bingledack]

$999

 

[freetrader]

all my calculations point to >1000 in <48hours

Your calculations were off by a bit, but not by much!

 

[Zangelbert Bingledack]

$1005 on Bitfinex! $1030 on Huobi!