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

[Toxic2040]

Cryptocred knocking another one out of the park. I highly recommend checking it out.

Risk management.

https://www.youtube.com/watch?v=ofwtsc20hOY







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Bitcoin


MSM is clueless...there is no way yesterdays correction was caused by one tiny tiny exchange getting brute forced... sorry..I dont buy it.  That would be like claiming it was caused by Tone's and Doug's bet. Nope... still not buying it.

Perhaps longs were getting out of control...and the market had to slam the door on some of them is one opinion. Some are saying its just a general technical correction..that the market was oversold. As in most things its usually a combination of events. Personal I think its was mostly due to panic selling over the CTFC news of a price manipulation probe coinciding with a general correction. Momentum gathers quickly once the tides shift.

[1686181328]

1686181328

[1686181328]

1686181328

[kingcolex]

A (big) jump from here will make bitcoin have a confirmed:

-three rivers bottom
-giant diamond bottom
-triple bottom

...and bears will have wet-pants bottom

I'd be popping a bottle of $6 champagne.

[LFC_Bitcoin]

A (big) jump from here will make bitcoin have a confirmed:

-three rivers bottom
-giant diamond bottom
-triple bottom

...and bears will have wet-pants bottom

Let’s hope so because I’m starting to get a little concerned atm

[RayX12]

A (big) jump from here will make bitcoin have a confirmed:

-three rivers bottom
-giant diamond bottom
-triple bottom

...and bears will have wet-pants bottom

Let’s hope so because I’m starting to get a little concerned atm

Just wait a year or two and we will be millionaires like the first hodlers.
Until then enjoy the ride!
Go Bitcoin Go!

[European Central Bank]

Let’s hope so because I’m starting to get a little concerned atm

why? 20 grand was just as dumb an overshoot as 2013 but maybe less crooked, though that may not be a dead cert yet. $3-5k is more than possible or lower and that would be pretty normal based on previous behavior. i'd only get concerned if it went sub $1000.

[Rosewater Foundation]

Let’s hope so because I’m starting to get a little concerned atm

why? 20 grand was just as dumb an overshoot as 2013 but maybe less crooked, though that may not be a dead cert yet. $3-5k is more than possible or lower and that would be pretty normal based on previous behavior. i'd only get concerned if it went sub $1000.

Screw that noise, Jack! You should be more salty. This is a bloody epic tragedy of epic proportions.

[European Central Bank]

Screw that noise, Jack! You should be more salty. This is a bloody epic tragedy of epic proportions.

uh, ok.

oh the humanity.

yowzers and stuff.

[RayX12]

Let’s hope so because I’m starting to get a little concerned atm

why? 20 grand was just as dumb an overshoot as 2013 but maybe less crooked, though that may not be a dead cert yet. $3-5k is more than possible or lower and that would be pretty normal based on previous behavior. i'd only get concerned if it went sub $1000.

Screw that noise, Jack! You should be more salty. This is a bloody epic tragedy of epic proportions.

Exaggeration..  only a healthy correction. 

[Last of the V8s]

He worries.

[JayJuanGee]

#random

On today's episode of satoshis.place.

Stay weird, Bitcoinlandia !

bitcoin is all about lambos and penises.

oh, and about bottoms of course.

Not too exciting for me to look at penises.

Couldn't we just stick with the hookers, blow and lambos mantra?   Has a nice ring to it, no?

[JayJuanGee]

I do have a pressing question however..  I believe we need to have these particular bottoms quantified and rated from left to right..what say you gentlemen?

For me..I have to say I appreciate the one on the far right the most..  Not sure if its that smile that accompanies it or the slight knock knee'edness...

I'll take the plumpest one, on the left. 

I'm stuck with the one in the middle, since I am a slow poke.  Poor me.   

The one on the right is definitely the best but the left most is just hotter.

Would be difficult to kick any of them out of bed for eating crackers, even if you are not "into" girls.    hahahahahaha      

[RejectedBanana]

MSM is clueless...there is no way yesterdays correction was caused by one tiny tiny exchange getting brute forced... sorry..I dont buy it.  That would be like claiming it was caused by Tone's and Doug's bet. Nope... still not buying it.

Perhaps longs were getting out of control...and the market had to slam the door on some of them is one opinion. Some are saying its just a general technical correction..that the market was oversold. As in most things its usually a combination of events. Personal I think its was mostly due to panic selling over the CTFC news of a price manipulation probe coinciding with a general correction. Momentum gathers quickly once the tides shift.

For a little Straight Outta My Ass Non-TA:

If you ignore the obviously manipulated Bart action (anything near-vertical on a 4 hr chart) the majority of background action appears surprisingly and overwhelmingly bullish. It's punctuated by relatively brief and steep bearish intervals.

To me, the Bart action stinks to high heaven of whales still trying to cash out gracefully via OTC but being absolutely played by their OTC brokers. At the moment, whales are selling faster than the OTC market can absorb, leading to an overall downtrend, or at least sideways equilibrium. At some point, whalebears will run out of ammunition and the background uptrend will once again dominate.

I suspect it's Wall St and institutions slurping up most of the whale poop. Several regulated brokers (Fidelity, Goldman, JP Morgan, etc) are on the brink of offering their own Bitcoin exchanges, and are probably in bed with the OTC brokers, accumulating, accumulating, accumulating. Of course, they're getting played by their OTC intermediaries, too, resulting in reverse Bart action and uptrends. I wouldn't be surprised if it's these Wall St guys crying foul in the first place and putting pressure on the CFTC to investigate unregulated OTC/futures manipulation and level the playing field before the flood gates open. This is causing further whale and OTC broker panic to hurry up and unload before regulators shine a light and scatter the roaches in their corner, too.

Why OTC in the first place? Besides avoiding thinly traded exchange slippage, OTC brokers don't typically report anything to the IRS or other tax authorities. I suspect KYC/AML is much more lax as well, as long as you got the coin to play. Privacy comes at a price, though, and it's name is manipulation.

Meanwhile, small fry retail guys are quietly accumulating, driving the bullish background action we see on the charts.

Straight Outta My Ass

4 hr candles

[RayX12]

MSM is clueless...there is no way yesterdays correction was caused by one tiny tiny exchange getting brute forced... sorry..I dont buy it.  That would be like claiming it was caused by Tone's and Doug's bet. Nope... still not buying it.

Perhaps longs were getting out of control...and the market had to slam the door on some of them is one opinion. Some are saying its just a general technical correction..that the market was oversold. As in most things its usually a combination of events. Personal I think its was mostly due to panic selling over the CTFC news of a price manipulation probe coinciding with a general correction. Momentum gathers quickly once the tides shift.

For a little Straight Outta My Ass Non-TA:

If you ignore the obviously manipulated Bart action (anything near-vertical on a 4 hr chart) the majority of background action appears surprisingly and overwhelmingly bullish. It's punctuated by relatively brief and steep bearish intervals.

To me, the Bart action stinks to high heaven of whales still trying to cash out gracefully via OTC but being absolutely played by their OTC brokers. At the moment, whales are selling faster than the OTC market can absorb, leading to an overall downtrend, or at least sideways equilibrium. At some point, whalebears will run out of ammunition and the background uptrend will once again dominate.

I suspect it's Wall St and institutions slurping up most of the whale poop. Several regulated brokers (Fidelity, Goldman, JP Morgan, etc) are on the brink of offering their own Bitcoin exchanges, and are probably in bed with the OTC brokers, accumulating, accumulating, accumulating. Of course, they're getting played by their OTC intermediaries, too, resulting in reverse Bart action and uptrends. I wouldn't be surprised if it's these Wall St guys crying foul in the first place and putting pressure on the CFTC to investigate unregulated OTC/futures manipulation and level the playing field before the flood gates open. This is causing further whale and OTC broker panic to hurry up and unload before regulators shine a light and scatter the roaches in their corner, too.

Why OTC in the first place? Besides avoiding thinly traded exchange slippage, OTC brokers don't typically report anything to the IRS or other tax authorities. I suspect KYC/AML is much more lax as well, as long as you got the coin to play. Privacy comes at a price, though, and it's name is manipulation.

Meanwhile, small fry retail guys are quietly accumulating, driving the bullish background action we see on the charts.

Straight Outta My Ass

4 hr candles

Beautiful Out of Your Ass TA
Confirmed



Confirmed!

[Gab0]

A (big) jump from here will make bitcoin have a confirmed:

-three rivers bottom
-giant diamond bottom
-triple bottom

...and bears will have wet-pants bottom

I'd like to think you're right ... but until now, you're the most reliable contraindicator I've been able to find in this thread since December 17th.

Alright, so it's clear that bitcoins future trading at CME will be rolling out in approximately 3 hours and 5 minutes from now. Things are going to get interesting, I don't know why but I'm sensing $22k-$25k within first couple of hours. CBOE is nothing like CME, CME has a much larger volume than CBOE. So we can go more wilder than before.

http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_contract_specifications.html

I read that message as they say TODAY that trading will start TOMORROW.

Well I re-read that and seems like you're correct. Today they notified that tomorrow the trading will begin.

I think the next 28 hours can go in a big pump-mode, and then the market will calm down. I still think it can cross $22k to $25k within or right after this period.

The price drops to ~ 10700

Below $7k-$8k, there're heck of buy orders ready, so there's almost no chance of seeing $6xxx again IMO.

 

Bitcoin seems to be stabilizing at $11,000, and looking bullish. I'd not be surprised if it surpasses $12,000 within the next 2 days.

Days later price crashes to ~ 7000

Ignore the green/red combination of candles, but this is something that's probably gonna happen in next 3 days:

3 days later, the price touches ~ 6400

This is probably the last month (*of our lifetimes) which can get you a bitcoin for below $10,000.

 

We've strong support at around $7800, probably, we're not going below that.

Days later price drops around ~ 7000

[JayJuanGee]

Let’s hope so because I’m starting to get a little concerned atm

why? 20 grand was just as dumb an overshoot as 2013 but maybe less crooked, though that may not be a dead cert yet. $3-5k is more than possible or lower and that would be pretty normal based on previous behavior. i'd only get concerned if it went sub $1000.

Screw that noise, Jack! You should be more salty. This is a bloody epic tragedy of epic proportions.

Exaggeration..  only a healthy correction. 

If we go below $6k, I am going to start worrying, and I would worry all the way down to $1k and below.  The lower it goes, the more I would worry.  However, I am also planning to buy BTC all the way down too... while I am worrying.   I may start to have to really budget my fiat if the BTC price were to go significantly below $3k - because at each stage that the BTC price goes down, the more that I have to dig into reserves, then reserve reserves, then reserve reserve reserves, then reserves x4, etc. etc. etc....   Then running out of reserves would mean to HODL and to worry more. 

In other words, $3k seems like the absolute bottom of any worser case scenario, but it would be better if $6,500 and $6k support levels don't get broken.

[4rt3m]

PLEASE READ IF YOU POST IMAGES THERE

[img width=500] — this is what you need to type before you post a picture. Digits can be different (100, 300, 700 etc.), more or less, but it would save space on page, especially when someone quote your post with image.  Thank you!

[junckmonkey]

should i buy this?

NM, BTGDDIP!a2!!1wooooohweeeeeee

[kingcolex]

Small pump hell yeah!

[junckmonkey]

Small pump hell yeah!

woooh, going for it, wish me luck!!!

OMG: I'm FAt!!!

[JayJuanGee]

Small pump hell yeah!

woooh, going for it, wish me luck!!!

Why wish you luck?  Has this become a gambling thread, now?

You come off as an attention seeking troll that is preparing to come back to the thread and to whine about all the money you supposedly lost from having had entered a leverage long and mortgaging your house based on your emotions.