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

[explorer]

...waiting for Roger to introduce MeritCash™

The merit system is being censored by all the small-blockers!

First we need a touring complete merit. Lets build it in flash so it'll be extra shiny and the noobs will buy it.  

That's like merit's that have been around the world?  I suppose what goes around, comes around.

[jojo69]

jesus you guys

what have I done?

[Toxic2040]

...waiting for Roger to introduce MeritCash™

The merit system is being censored by all the small-blockers!

First we need a touring complete merit. Lets build it in flash so it'll be extra shiny and the noobs will buy it. 

+1 WOsMerit sent! 

jesus you guys

what have I done?

WOsMeritGate?

[somac.]

Getting back on topic... anyone else noticing solid support gathering between the $10k to $11k range?

Roughly 2,400 BTC  from 11k to 10k on GDAX. I've been watching support grow all day in that range. I'm feeling optimistic about the next 96 hours.

*Edit* Just noticed the 1,000+ BTC wall at the magical Masterluc $7,700 mark.  Quite the following.

He doesn't think it will get to 7700 though. I could be wrong here, but, I it seems he believes that 7700 is the last support level and if that goes so does the bull market. This is what Enky mentioned in his last blog post, and Masterluc does follow him. I'm pretty sure though Masterluc is of the opinion that the correction is over, and we will go sideways for a bit and then up.

Seems like support is forming, and we are in a symmetrical triangle pattern (30min). If it breaks up I think we will continue on up from there.

[TERA2]

Bitcoin usually has to go down before it goes up, and similarly go up before it goes down. A fake breakout from within this pattern to somewhere between 14K at 20K at these same volume levels which never properly increased, and then a subsequent decline, would set the stage for the real exit from the bull market.

[rezurect007]

This is clearly a scam - zero commission? Yeah right. I guarantee you that they will front-run your order.

They are only doing BTC and ETH atm. With the size of the average Robinhood account being under $1000, I don’t think front running will do much good.

I don’t use Robinhood but I get the impression they are more reputable than Coinbase. 

Ive been following them for quite some time.  Cut out the storefronts reduce overhead , their tech driven to keep commissions zero.
Helps people with lower income get into trading.
Reputable than coinbase i guess.

[somac.]

Bitcoin usually has to go down before it goes up, and similarly go up before it goes down. A fake breakout from within this pattern to somewhere between 14K at 20K at these same volume levels which never properly increased, and then a subsequent decline, would set the stage for the real exit from the bull market.

Maybe. It's all maybe until it happens.

[HairyMaclairy]

Tera what would consider to be good volume? 

[bones261]

holy WTF happened to my merit...lol

Here is your answer. https://bitcointalk.org/index.php?topic=2818350.msg29008685#msg29008685 I guess theymos felt that if you have the activity to be potentially Legendary, than you should get the same merit as Legendary.

[HairyMaclairy]

I’m alert

[explorer]

I’m alert

Wat's a lert?

[bones261]

A question for my esteemed colleagues. Is there a relationship between men pool size and price? If yes, is mempool a leading or trailing indicator of price?

I really fail to see why they would correlate.

I think the collapse in the mempool can be attributed to the "mystery" spammers giving up (as it has become increasingly obvious that no flippening will be forthcoming), Coinbase finally, belatedly, being shamed into batching and increased segwit adoption.

I am happy to be shown to be wrong.

I think part of the reason the spamming has stopped is the spammers know a clogged mempool may entice people to actually try the Lightning Network. If they try it, they may like it. Big Blockers want people to think the Lightning Network is a big scary thing. BCH is banking that their totally on-chain solution is the correct path.

[rezurect007]

Mempool : Hope they don't keep this up.
Corellation with upcoming volatility?

[HairyMaclairy]

Mempool : Hope they don't keep this up.
Corellation with upcoming volatility?

I think so.  

Now I’m a high lert.

[pacman7331]

I think it's going up for real this time. Or in less than a week at most. Also lightning network should start a buying frenzy...

[HairyMaclairy]

I’m on mobile.  What’s a break out ?  11,500?

Keep in mind those TX could be the mother of all dumps too

We are on $11,400. 

[realr0ach]

I think it's going up for real this time. Or in less than a week at most. Also lightning network should start a buying frenzy...

Lightning network is useless for mass adoption without turning bitcoin into an exact replica of the banking system that already exists, but that's probably their goal.  In the end, bugmen and cucks will get BTFO and silver and gold will win no matter how many jew shills try to push their cashless society slave system.

[adaseb]

I’m on mobile.  What’s a break out ?  11,500?

Keep in mind those TX could be the mother of all dumps too

We are on $11,400. 

Breakout would be either at $11,700 which is the neckline of this inverse head and shoulders we are in

After that probably the psychological $12,000 and after that most likely the previous resistance and psychological $13,000

Support is always at $10K

[bones261]

I’m on mobile.  What’s a break out ?  11,500?

Keep in mind those TX could be the mother of all dumps too

We are on $11,400. 

Or it could be people moving their BTC to pump up some shitcoin. Hopefully, for my sake, it's Cardano. Yeah, i did take a small chance on it. It was a few days before the B rating came in. Unfortunately, I'm still in the red on it.

[pacman7331]

I think it's going up for real this time. Or in less than a week at most. Also lightning network should start a buying frenzy...

Lightning network is useless for mass adoption without turning bitcoin into an exact replica of the banking system that already exists, but that's probably their goal.  In the end, bugmen and cucks will get BTFO and silver and gold will win no matter how many jew shills try to push their cashless society slave system.

Can't veto a solution without offering a better one.