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

[infofront]

Back to wall observation for a moment, just zoomed out to the last 7 days to see WTF has been going on, and since April 12th, Bitcorn has really been having a tough time figuring out what it wants to do.

Fluctuating between a narrow band @ ~ $7,800 - $8,400 and having a tough time figuring out which direction it wants to break, next.

Kinda boring, but I guess finding stability around $8k isn't a bad thing.

I have a sneaking suspicion most of Q2 is going to be boring AF, with mostly sideways action.

Would love to be wrong, and have it break back above $10k again in the next week or so, but, well, Bitcorn doesn't give a fuck what anyone thinks...

EDIT: Also, WTF man... Voat has been down for a couple hours now.

I'm a TA n00b, but AFAIK, flat action after a substantial pump is bullish. The weak hands are being bitches like usual, and big boys are taking the opportunity to fill their bags without moving the market much.

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[1643406549]

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[infofront]

I could be ((( d_eddie ))) for all you know, or half-asian (Thai mom), or black or Inuit - well, I admit the latter's unlikely, but I could be. I guess you see what I mean.

I dunno... you look kinda ...Beijoran Bajoran to me. Or something. Not that there's anything wrong with that.

FTFY

*Star Trek Nerd

[pfrtlpfmpf]

Good thing that head and shoulder formation got invalid when it rise back up again above 8,000$ but it doesn't mean we are going straight up. Right now a bigger formation is forming on the 4 hour chart, a rising wedge (reversal) is currently forming and this might be our chance to sell our position at the highest point. The wedge is expected to tighten and be complete above 8,500$, 8,600$-8,900$ to be exact. I would be comfortable offloading my position at any of those price ranger when I see any confirmation of the pattern.

I don´t know, all you TA-guys sound suspicious to me !

[TERA2]

What a weird chart.

[Vlada69]

What a weird chart.

bot repellent...

[exstasie]

I'm a TA n00b, but AFAIK, flat action after a substantial pump is bullish.

Yup, bullish consolidation. If we zoom in on the 1-hour chart, the last three dump attempts were fiercely rejected. Much like the three dump attempts in the $6,000s on the 1-day chart. On the 4-hour chart, we also have a failed bearish H&S, so bears should be sweating now:


Bullish engulfing on the daily chart, and dragonfly doji on the 2-hour. This all looks very promising.

What a weird chart.

Those dumps that keep full retracing.....my technician friend and I call them "Livermore turns." It's usually an accumulation pattern.

[TERA2]

This is classic TA

[jbreher]

I could be ((( d_eddie ))) for all you know, or half-asian (Thai mom), or black or Inuit - well, I admit the latter's unlikely, but I could be. I guess you see what I mean.

I dunno... you look kinda ...Beijoran Bajoran to me. Or something. Not that there's anything wrong with that.

FTFY

*Star Trek Nerd

Fair 'nuf.

(But... spelling aside, dontchathinkso?)

[infofront]

I could be ((( d_eddie ))) for all you know, or half-asian (Thai mom), or black or Inuit - well, I admit the latter's unlikely, but I could be. I guess you see what I mean.

I dunno... you look kinda ...Beijoran Bajoran to me. Or something. Not that there's anything wrong with that.

FTFY

*Star Trek Nerd

Fair 'nuf.

(But... spelling aside, dontchathinkso?)

There are some things I can't let go. 

[pfrtlpfmpf]

I could be ((( d_eddie ))) for all you know, or half-asian (Thai mom), or black or Inuit - well, I admit the latter's unlikely, but I could be. I guess you see what I mean.

I dunno... you look kinda ...Beijoran Bajoran to me. Or something. Not that there's anything wrong with that.

FTFY

*Star Trek Nerd

Fair 'nuf.

(But... spelling aside, dontchathinkso?)

There are some things I can't let go.  

Dumping three times a week, and now you can´t let go ?
Is this a "constipation" forum ?

[Paashaas]

I could be ((( d_eddie ))) for all you know, or half-asian (Thai mom), or black or Inuit - well, I admit the latter's unlikely, but I could be. I guess you see what I mean.

I dunno... you look kinda ...Beijoran Bajoran to me. Or something. Not that there's anything wrong with that.

FTFY

*Star Trek Nerd

Fair 'nuf.

(But... spelling aside, dontchathinkso?)

There are some things I can't let go.  

Dumping three times a week, and now you can´t let go ?
Is this a "constipation" forum ?

What ever you do do NOT listen to Jbreher, he is one of those Bcash shit noobs.

He's here since 2011 and still dont understand a thing about Bitcoin and how to keep it decentralised, in fact he loves Bcash road map wich leads to heavy centralisation.

Shilling Bcash at other subs and here he's handwaving...

While I view BCH as The One True Bitcoin

[pfrtlpfmpf]

I could be ((( d_eddie ))) for all you know, or half-asian (Thai mom), or black or Inuit - well, I admit the latter's unlikely, but I could be. I guess you see what I mean.

I dunno... you look kinda ...Beijoran Bajoran to me. Or something. Not that there's anything wrong with that.

FTFY

*Star Trek Nerd

Fair 'nuf.

(But... spelling aside, dontchathinkso?)

There are some things I can't let go.  

Dumping three times a week, and now you can´t let go ?
Is this a "constipation" forum ?

What ever you do do NOT listen to Jbreher, he is one of those Bcash shit noobs.

He's here since 2011 and still dont understand a thing about Bitcoin and how to keep it decentralised, in fact he loves Bcash road map wich leads to heavy centralisation.

Shilling Bcash at other subs and here he's handwaving...

While I view BCH as The One True Bitcoin

I won´t. Thanks.

[jojo69]

he is the most polite one

and I'm pretty sure D Eddie is bajoran

[Ibian]

he is the most polite one

In a slide the dagger between your ribs sort of way.

[pfrtlpfmpf]

he is the most polite one

and I'm pretty sure D Eddie is bajoran

Ok, ok, we have to live with jbreher, for better, or worse 

[ThePunisher49X]

What a weird chart.

Not much different than looking it this way.

[Biodom]

In theory all the oxygen in the room you currently reside in could go to the roof, leaving your with a nice mix of co2 and nitrate to try breathing. In theory.

Not without an influx of energy in order to overcome the entropy.

Energy, entropy...how about a block universe idea (strangely rhyming with blockchain).
I think that blockchain now informs some new interesting ideas in physics.

Read an interesting discussion on time, entropy and block universe here:

https://www.quantamagazine.org/a-debate-over-the-physics-of-time-20160719/

[Kylapoiss]

Guys, i seriously sold magic mushrooms in my restaurant, 25 years ago, it was on our menu, right under "fried rice". I kid you not !
If i would have grandchildren, i would have a story to tell.
I just stopped that, because people kept driving into the ditch, loughing their ass off. Again, this is no joke !
Damn, nobody`s gonna believe me, but that`s exactly, what happened in my life.

The tricky part was always testing, how strong they are (knowing, they grow on buffalo-shit, but that was the least of my problems).

I actually realised on shrooms that I have to get into crypto, back in 2013. I first heard about bitcoin in 2011 but my stupid brain didn't take it in then, needed a little push I guess.

Shrooms are fun.

[HairyMaclairy]

[Toxic2040]

I touched upon this briefly before, how if something is making you cringe or feel bad..it probably is. There is a quote by Zechariah Chafee, pretty sure I will mangle it but goes something like this.."Your right's to free speech end at my nose". I think many of you would be surprised at my background and political leanings but I try not to bring those to the front in posts about the Wall. I do not always succeed and I apologize for any off topic-ness that is unwelcome.

That being said...there is a very defined line in my moral compass and it has been tested by some of the posts here. I will walk out farther upon shaky ground. I actually appreciate some of the bug's post about PM's. It is always refreshing to hear a contrarian view point no matter how dogmatic it may be. However, when those post's turn towards Nazism and advocating genocide I have to say a very loud NO! This is not right and nor should it be accepted anywhere in a rational society. This is the last time I will broach this subject. I think infofront does a pretty good job at moderating this thread..I would like to see that continue.

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Bitcoin

Energy, entropy...how about a block universe idea (strangely rhyming with blockchain).
I think that blockchain now informs some new interesting ideas in physics.

Read an interesting discussion on time, entropy and block universe here:

https://www.quantamagazine.org/a-debate-over-the-physics-of-time-20160719/

+1 WOsMerit  Thanks...I will review this.