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

[greensheep]

Ok, which one of you ordered the large green dildo ?

I'll have two or three on weekly chart, please

]

I imagined something more like this   :

And make that last one a double please!

[El duderino_]

Ok, which one of you ordered the large green dildo ?

[Last of the V8s]

[Arching_wild]

Definitely NOT one of Slayer’s best albums

[Karartma1]

I bought my monthly bunch. Now I can go out and have fun!

Cointelegraph ad in Times Square.

I don't like these things.
Bitcoin don't need no advertising.

[El duderino_]

[4rt3m]

12 Graphs That Show Just How Early The Cryptocurrency Market Is

https://medium.com/@mccannatron/12-graphs-that-show-just-how-early-the-cryptocurrency-market-is-653a4b8b2720

[4rt3m]

McDonalds campaign in Switzerland

https://www.adsoftheworld.com/media/outdoor/mcdonalds_big_mac_50

[bitcoinPsycho]

McDonalds campaign in Switzerland

https://www.adsoftheworld.com/media/outdoor/mcdonalds_big_mac_50

fools gold

[xhomerx10]

Cointelegraph ad in Times Square.

 That's awesome!  I'm glad there are people who believe so much in Bitcoin.

[fabiorem]

You know I was literally getting emotionally exhausted focusing too much on these charts when we were crashing and what not. When I look back it's $7600+, what the fuck happened while I was, should I stay gone?

Stay away for a while and relax. The price is going to stabilize.

[xhomerx10]

McDonalds campaign in Switzerland

https://www.adsoftheworld.com/media/outdoor/mcdonalds_big_mac_50

 Here's a gif conversion of the actual video.
International sandwich topped with international currency.  It's a beautiful thing.  



      вoт чтo я люблю       我就喜欢
              
                      Ich liebe es              Ninaipenda

        işte bunu seviyorum                                     Me encanta

                                         C’est tout ce que j’aime

[Torque]

Of course, we've seen times before where the deep pocket whales begin the next bull run with a bang, aka a massive dump/short and stop loss hunt to liquidate all the of the leveraged longs first. If the whales accumulate for a long sideways period, this would give them the ammo they need. So I imagine the next bull run trigger will start with something like that. It could take us spiking down briefly to the $5K range in a flash, before heading back up.

Running stops seems to be fundamentally about acquiring product and not so much about effecting the price. Do whales need the coins that are on offer on the exchanges? It seems to me that a whale would interact with an exchange for the purpose of effecting the price more than the purpose of accumulating/liquidating his position. If he were either accumulating or liquidating he would want to do either of those things OTC because if he were accumulating he wouldn't want to drive the price up and if he were liquidating he wouldn't want to drive the price down. So he makes changes to his position OTC but perhaps he tries to use a small portion of his stash to manipulate the price down before making an OTC purchase and vice a verca before making an OTC sale.

I'm not really trying to argue against you here. I'm mostly just interested in how you will respond to these thoughts.

I agree, you're right in that stop running is usually about shaking the tree in a sideways market to acquire more supply OTC, without effecting the underlying market price.

We also see that when a bull run starts in earnest, there are a lot of major shakeouts on the way up as the whales try to scoop up more coins before moving the market up. This usually coincides with sudden FUD events that are complete nonsense.

What I was referring to is a major sort of dump/short that signals the start of a new bull run. The whales start by attempting to stop out every existing leveraged long and scooping up their cheap coins before running up the market. They want to begin the run by being the biggest coin holder in the pond. But perhaps this is harder to do now since there are so many exchanges.... I'm sure it was easier when there was just a few when Mt. Gox was still around. It may or may not happen.

What do you think Anon136? Have you observed this in the past?

[Torque]

Definitely NOT one of Slayer’s best albums

Who's the guy on the far right?

[OWZ1337]

McDonalds campaign in Switzerland

https://www.adsoftheworld.com/media/outdoor/mcdonalds_big_mac_50

 Here's a gif conversion of the actual video.
International sandwich topped with international currency.  It's a beautiful thing.  



      вoт чтo я люблю       我就喜欢
              
                      Ich liebe es              Ninaipenda

        işte bunu seviyorum                                     Me encanta

                                         C’est tout ce que j’aime

dump it! 

===>

https://www.quantifind.com/blog/mcdonalds-ice-cream-conspiracy-theory

[Harlot]

You know I was literally getting emotionally exhausted focusing too much on these charts when we were crashing and what not. When I look back it's $7600+, what the fuck happened while I was, should I stay gone?

Amazing things happen when you're mind is away from the prices sometimes. On occasions like after I am done using the cr for just 15 minutes prices of Bitcoim goes up for about 100 or even 200$. If you are constantly looking at your monitor it feels like the prices are barely moving to make any difference at all. That is why I just put alerts so I don't bother at the prices that much.

[bengsabeng]

I see bitcoin prices have returned above $ 7500, I hope this will continue until bitcoin prices reach $ 8k.

[Toxic2040]

Good morning all

The price of bitcoin has risen over the last 24 hours coinciding with a positive employment report coming from the USA. At 3.8%, this is the lowest unemployment rate in 18 years. The strong jobs market report sent most legacy markets higher as well.
Combined with slumping technicals, the rally late Friday evening pushed the price of bitcoin up over $200 dollars to $7.65k. This area of resistance sits at a 0.382 fibonnaci level. We are seeing consolidation in this area and I believe this price correction will carry us to $8k+ in the short term. #dyor

Nose to the wind

Tiger on the prowl



#stronghands 

[infofront]

Of course, we've seen times before where the deep pocket whales begin the next bull run with a bang, aka a massive dump/short and stop loss hunt to liquidate all the of the leveraged longs first. If the whales accumulate for a long sideways period, this would give them the ammo they need. So I imagine the next bull run trigger will start with something like that. It could take us spiking down briefly to the $5K range in a flash, before heading back up.

Running stops seems to be fundamentally about acquiring product and not so much about effecting the price. Do whales need the coins that are on offer on the exchanges? It seems to me that a whale would interact with an exchange for the purpose of effecting the price more than the purpose of accumulating/liquidating his position. If he were either accumulating or liquidating he would want to do either of those things OTC because if he were accumulating he wouldn't want to drive the price up and if he were liquidating he wouldn't want to drive the price down. So he makes changes to his position OTC but perhaps he tries to use a small portion of his stash to manipulate the price down before making an OTC purchase and vice a verca before making an OTC sale.

I'm not really trying to argue against you here. I'm mostly just interested in how you will respond to these thoughts.

I'd think a whale might want run stops to drive down the market price, just to affect the OTC price. And he'd make some side money on shorts, of course.

[Torque]

The price of bitcoin has risen over the last 24 hours coinciding with a positive employment report coming from the USA. At 3.8%, this is the lowest unemployment rate in 18 years. The strong jobs market report sent most legacy markets higher as well.

But...bbut... you do realize that the U.S. unemployment rate of 3.8% is complete fabricated bullshit, right?

The U.S. unemployment rate doesn't account for the ~15-20% of Americans that had been laid off in the last 10 years since the financial crisis, that are out of the work force entirely and are no longer seeking employment. They are either retired, retired early, or just not working and relying on other support income (e.g, spouse, investment $, welfare, etc.)

The Fed's calculations only account for a) those working, and b) those actively seeking employment over the last 12 months. So the U.S. unemployment rate across the board is probably closer to 15-20%.

The rapid increase in Federal deficit and debt gives the clues. The amount of Fed and State tax revenue they are collecting now is WAY WAAAYY down from pre-2008 levels. That's why certain states are in the red and will likely default soon^TM.

So long Illinois or New Jersey, it was nice while it lasted.... you corrupt fucks.