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

[moneymaker11]

That wall on bitfinex looks like Mount Everest

[1714475112]

1714475112

[1714475112]

1714475112

[Last of the V8s]

Did we do this one?
https://www.scribd.com/document/354688866/Bitcoin-A-5-8-Million-Valuation-Crypto-Currency-and-A-New-Era-of-Human-Cooperation
Bitcoin is still an attractive purchase today at all prices less than 1.56 million USD.
 

[JayJuanGee]

Well, It would be great to have a green line on the daily chart now and then...
14 days only two greens - last time I see in the chart was this bad was in 2014.

I am holding but I am not overly happy...I think the "healthy correction" should be over now, let's move on  

 

I will be interesting to se whether this week's candle is red or green.  Right now, we are bouncing a bit below the turning point for the candle, and it appears that it needs to be above $3660 in order to be green.  Two more days and 2.5 more hours, before it closes.

Something tells me if it won't go green then it'll go red for sure. I'm just wondering how deep that green/red candle would be 

You sound like a bit of an exaggerator.   For what purpose?  Effect?

Yeah.. there is no in between when it comes to candle closing colors, it is either going to go green or red.

Regarding depth, who fucking knows?  currently, it is not even clear which direction it is going to go, so how would we presume any kind of further step about depth? 

In the beginning of the week, I was more inclined to predict that this week's candle would be green and even that we were heading back up - after recent price performance, I am a bit more torn about which direction is more likely - it could go either way, and there may even be a slight edge to down, but that slight edge does not mean that the down would be BIG, or even long lasting.

For the sake of curiosity. BTW; I'm a trader, so you know how it works.

Well, I personally believe that it is unethical to talk your book in these kinds of threads, so I guess I do not know how it works in terms of exaggerating for the sake of inducing others.  On the other hand, sometimes, when I am personally fearful that the price is going to go the opposite way of my preference (that is usually down), sometimes, I just won't say anything about my internal beliefs...  .. and maybe that is a bit of a biased in my sometimes content.

Furthermore, I attempt to create a buy/sell strategy in which I hedge for either price direction, and accordingly, I try to keep my feelings out of my trades.  Therefore, even though I tend to have some preferences that my orders get filled (especially when they are getting close to getting filled, and my buy/sell increments tend to be relatively small - currently a bit less than 3%, so I feel like I am not really greedy or desperate in filling my orders), I set my orders up in such a way that I attempt to minimize my feelings - even though I feel like I have gotten a lot fucking richer - largely from our unexpected more than 3x BTC price rise for calendar 2017 - life is good...

[Nam3]

Well, It would be great to have a green line on the daily chart now and then...
14 days only two greens - last time I see in the chart was this bad was in 2014.

I am holding but I am not overly happy...I think the "healthy correction" should be over now, let's move on  

 

I will be interesting to se whether this week's candle is red or green.  Right now, we are bouncing a bit below the turning point for the candle, and it appears that it needs to be above $3660 in order to be green.  Two more days and 2.5 more hours, before it closes.

Something tells me if it won't go green then it'll go red for sure. I'm just wondering how deep that green/red candle would be 

You sound like a bit of an exaggerator.   For what purpose?  Effect?

Yeah.. there is no in between when it comes to candle closing colors, it is either going to go green or red.

Regarding depth, who fucking knows?  currently, it is not even clear which direction it is going to go, so how would we presume any kind of further step about depth? 

In the beginning of the week, I was more inclined to predict that this week's candle would be green and even that we were heading back up - after recent price performance, I am a bit more torn about which direction is more likely - it could go either way, and there may even be a slight edge to down, but that slight edge does not mean that the down would be BIG, or even long lasting.

For the sake of curiosity. BTW; I'm a trader, so you know how it works.

Well, I personally believe that it is unethical to talk your book in these kinds of threads, so I guess I do not know how it works in terms of exaggerating for the sake of inducing others.  On the other hand, sometimes, when I am personally fearful that the price is going to go the opposite way of my preference (that is usually down), sometimes, I just won't say anything about my internal beliefs...  .. and maybe that is a bit of a biased in my sometimes content.

Furthermore, I attempt to create a buy/sell strategy in which I hedge for either price direction, and accordingly, I try to keep my feelings out of my trades.  Therefore, even though I tend to have some preferences that my orders get filled (especially when they are getting close to getting filled, and my buy/sell increments tend to be relatively small - currently a bit less than 3%, so I feel like I am not really greedy or desperate in filling my orders), I set my orders up in such a way that I attempt to minimize my feelings - even though I feel like I have gotten a lot fucking richer - largely from our unexpected more than 3x BTC price rise for calendar 2017 - life is good...

Nah, didn't mean to induce anyone. As I've said originally, "I'm just wondering how deep that green/red candle would be"
As anyone can clearly see from my 'wordings', I'm not favoring any direction here, so there's no point of inducing.

Thank you for sharing your strategy though 

[RoomBot]

I think this might be the biggest conspirary theory forum on the internet  

The banksters probably paid you to say that!  

It was the lizard jews from outer space 

Really, N00b?  Bashing Jews is so Middle Ages.

[moneymaker11]

I think this might be the biggest conspirary theory forum on the internet  

The banksters probably paid you to say that!  

It was the lizard jews from outer space 

Really, N00b?  Bashing Jews is so Middle Ages.

With the insanely high amounts of stupid people here I can't tell if you are trolling or not. I'm gonna give you the benefit of the doubt and say that you are.

[ragnar0k]

Well, It would be great to have a green line on the daily chart now and then...
14 days only two greens - last time I see in the chart was this bad was in 2014.

I am holding but I am not overly happy...I think the "healthy correction" should be over now, let's move on  

 

I will be interesting to se whether this week's candle is red or green.  Right now, we are bouncing a bit below the turning point for the candle, and it appears that it needs to be above $3660 in order to be green.  Two more days and 2.5 more hours, before it closes.

Something tells me if it won't go green then it'll go red for sure. I'm just wondering how deep that green/red candle would be 

You sound like a bit of an exaggerator.   For what purpose?  Effect?

Yeah.. there is no in between when it comes to candle closing colors, it is either going to go green or red.

Regarding depth, who fucking knows?  currently, it is not even clear which direction it is going to go, so how would we presume any kind of further step about depth? 

In the beginning of the week, I was more inclined to predict that this week's candle would be green and even that we were heading back up - after recent price performance, I am a bit more torn about which direction is more likely - it could go either way, and there may even be a slight edge to down, but that slight edge does not mean that the down would be BIG, or even long lasting.

For the sake of curiosity. BTW; I'm a trader, so you know how it works.

Well, I personally believe that it is unethical to talk your book in these kinds of threads, so I guess I do not know how it works in terms of exaggerating for the sake of inducing others.  On the other hand, sometimes, when I am personally fearful that the price is going to go the opposite way of my preference (that is usually down), sometimes, I just won't say anything about my internal beliefs...  .. and maybe that is a bit of a biased in my sometimes content.

Furthermore, I attempt to create a buy/sell strategy in which I hedge for either price direction, and accordingly, I try to keep my feelings out of my trades.  Therefore, even though I tend to have some preferences that my orders get filled (especially when they are getting close to getting filled, and my buy/sell increments tend to be relatively small - currently a bit less than 3%, so I feel like I am not really greedy or desperate in filling my orders), I set my orders up in such a way that I attempt to minimize my feelings - even though I feel like I have gotten a lot fucking richer - largely from our unexpected more than 3x BTC price rise for calendar 2017 - life is good...

Nah, didn't mean to induce anyone. As I've said originally, "I'm just wondering how deep that green/red candle would be"
As anyone can clearly see from my 'wordings', I'm not favoring any direction here, so there's no point of inducing.

Thank you for sharing your strategy though 

So we have support @ 3500 and bearish line is taking us down nicely towards the support... on a weekend.
My strategy is hodl, although I am tempted to take a hit for the team and go short, so it will inevitably go up. I can hedge against my total incompetence in calling the bottom!

[JayJuanGee]

That wall on bitfinex looks like Mount Everest

Do you mean the wall of 2,029BTC for sale at $3650?    That's a little over $7million.    Do you think that it will get eaten or pulled?  Or do you think that it is going to cause the price to go down?

Sometimes those kinds of walls are reverse indicators, but I agree that 2k coins at these prices does add up to a lot of value.

[rjclarke2000]

That wall on bitfinex looks like Mount Everest

Do you mean the wall of 2,029BTC for sale at $3650?    That's a little over $7million.    Do you think that it will get eaten or pulled?  Or do you think that it is going to cause the price to go down?

Sometimes those kinds of walls are reverse indicators, but I agree that 2k coins at these prices does add up to a lot of value.

2000 coins? JJG......are you selling your hoard?

[moneymaker11]

That wall on bitfinex looks like Mount Everest

Do you mean the wall of 2,029BTC for sale at $3650?    That's a little over $7million.    Do you think that it will get eaten or pulled?  Or do you think that it is going to cause the price to go down?

Sometimes those kinds of walls are reverse indicators, but I agree that 2k coins at these prices does add up to a lot of value.

I think it's keeping the price down but I also think it's likely that it gets pulled if price does get up there.

[YamashitaRen]

23:56:08 3588.2 1520.60

Buy order at Bitfinex  

Happened like minutes after I told to myself that BTC would go down for the night.

[moneymaker11]

Gonna call it now. People are gonna panic buy up that wall and in a few hours we'll be down below it again. These things always play out the same, no matter if it's buying or dumping

[Raja_MBZ]

23:56:08 3588.2 1520.60

Buy order at Bitfinex  

Happened like minutes after I told to myself that BTC would go down for the night.

Actually, orders like these appear and disappear mostly in few seconds when their turn comes up.

These days, I'm not trusting the administration of exchanges with buy/sell orders. They can easily create fake orders.

[Last of the V8s]

[Torque]

Fully collateralized derivatives. I was pretty sure the first ones to get a green light must be of this kind.

So is this October the 4th? I didn't understand the no sooner than bit...

Is this what it means? 4th?

I think that's market speak for "Hey big investors, back the fk off. We're not onboarding you early and before everyone else on our list, no matter how much money you want to throw at us. We're gonna do this in an orderly fashion. Plus we can't until Oct. the 4th anyway."  

At least that is my interpretation.

Makes lots of sense.

CDS are a kind of shorts already. This brings the WS casino to BTC, I wonder if we must be happy with this... .

I think the wording reported by Torque implies that in order to short, you need to match your order with a long. Zero-sum.

This opens the door to ETF and to all kinds of Wall Street madness. This is going to be huge.

Looks like they're fueling the rockets right now...

https://twitter.com/kanzure/status/911215434439028736

[BlindMayorBitcorn]

As always, what people say on this forum is very far from reality and everyone is only speaking out of self interest. People screaming "HODL" from the bottom of their lungs and newbies listen. I held through the 2014 disaster and I have been beating myself up for it ever since.

This time I sodl and thank fuck for that. Rebought again at 3,4k which netted me 5 bitcoins. Had I held my coins and bought 5 coins it would have cost me $17,5k.

I don't think we are done though and I'm a little afraid of a bear market like 2015 so this time the coins will be hanging very loose.

You really are a money maker. Wish I sodl at the top.

[JayJuanGee]

[edited out]

Nah, didn't mean to induce anyone. As I've said originally, "I'm just wondering how deep that green/red candle would be"
As anyone can clearly see from my 'wordings', I'm not favoring any direction here, so there's no point of inducing.

Thank you for sharing your strategy though 

I reread your posts, and I will concede that I could have been getting overexcited in my inducement allegations..   It is true that you did question the depth of the red/green - so you were not pushing in one direction or another..  ...

One more point regarding depth of any further price movement, I will agree with your implication that there remains a possibility that we could witness depth.  Accordingly, my assessment is that trade volume has been relatively high in the past few weeks, and if one side or the other runs out of coins or fiat, then that could cause some violent price movement.. surely, there is no "given" when it comes to the extensiveness of price movements; however, when we are experiencing considerable trade volume for a couple of weeks, there are increased chances that it would not simmer down without a bit of drama... .. and gosh, either direction does still seem plausible.. even as soon as over this weekend -

[Meuh6879]

I cannot promise because you guys are a tough audience.  You fucks!!!!   

[Last of the V8s]

This artwork depicts the spirit of Satoshi Nakamoto riding his epic honey badger mount. With no fucks left to give, they hurdle over the moon carrying trophies of the world's vanquished fiat currencies.

https://www.reddit.com/user/crayon_smell

[JayJuanGee]

That wall on bitfinex looks like Mount Everest

Do you mean the wall of 2,029BTC for sale at $3650?    That's a little over $7million.    Do you think that it will get eaten or pulled?  Or do you think that it is going to cause the price to go down?

Sometimes those kinds of walls are reverse indicators, but I agree that 2k coins at these prices does add up to a lot of value.

2000 coins? JJG......are you selling your hoard?

I probably would not be hanging out with you guys, here in these threads, if I were to have anything approaching 2k in coins.... but maybe it is possible that I would still be hanging out here?  Never say never.

Now you got me fantasizing, RJC,... see what you did?

There are probably several folks in this thread with more than 10 coins.. but I know that some folks here have even struggled to accumulate and to hang onto 10 coins.... so yeah, what would be a realistic threshold in something like 5 years?  Could we realistically consider that 10 coins would be enough to put HODLers into millionaire status in terms of their coins in 5 years? 

Currently I am thinking that kind of a price is possible (that is about a 28x increase from this price point), but surely we have BTC price forces pushing in both directions.

Can we shoot for $100k value coins for 2022/2023, please? 


And, then if we reach $100k value in coins by 2022/2023, then how many folks here are going to sell too many of their coins along the way UP? 

So, o.k.... Maybe guys (and gal) here need to have close to 20 coins now, in order to maintain 10 coins by the time BTC prices reach $100k in 2022/2023?   

Are we good with that?  Does such a price rise seem somewhat plausible and realistic under current conditions and current foundational principles?  Maybe 20% or so odds of such a price point in such a timeline?