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

[El duderino_]

^
indeed

[Torque]

So MANY AMATUERS in crypto. Jihan despite building a billion dollar company is an amateur. You do not get political when you sell shovels. You just shut up and sell shovels. Idiot.

Or another analogy, when you are successfully mining Gold (something that people are actually buying and holding because they value it) you don't go on a political campaign to switch gears and mine something else that no one is asking for. Makes no fkn sense.

[Icygreen]

It must be time for a new poll. Anticipated volatility leading up to Sept.30 should make for some good poll results!

[El duderino_]

It must be time for a new poll. Anticipated volatility leading up to Sept.30 should make for some good poll results!

exactly 

[goldkingcoiner]

It must be time for a new poll. Anticipated volatility leading up to Sept.30 should make for some good poll results!

exactly  

haha nice gif you got there.. Would be a shame if someone....Took it.

As for volatility, I am pretty much waiting for the next bear trap to buy in again. Now is the most uncertain time for a new wave of newbie buyers and people are going to exploit that.

[eddie13]

As for volatility, I am pretty much waiting for the next bear trap to buy in again. Now is the most uncertain time for a new wave of newbie buyers and people are going to exploit that.

How the psychology of fear keeps people from buying the bottom..

I think this is a very certain time in the market. I think the price was more likely to go down at any time during the pump than now, after it is already down..
New ATHs are what scare me.. all time highs

But when people see ATHs they feel brave and greed?

Is this why the whales get so rich off of dumb money?

[El duderino_]

It must be time for a new poll. Anticipated volatility leading up to Sept.30 should make for some good poll results!

exactly  

haha nice gif you got there.. Would be a shame if someone....Took it.

As for volatility, I am pretty much waiting for the next bear trap to buy in again. Now is the most uncertain time for a new wave of newbie buyers and people are going to exploit that.

why waiting, price is good to buy and if oppertunity of lower prices is there buy again ..... always buy with worthless fiat, thats the best use case for fiat these days  

[El duderino_]

As for volatility, I am pretty much waiting for the next bear trap to buy in again. Now is the most uncertain time for a new wave of newbie buyers and people are going to exploit that.

How the psychology of fear keeps people from buying the bottom..

I think this is a very certain time in the market. I think the price was more likely to go down at any time during the pump than now, after it is already down..
New ATHs are what scare me.. all time highs

But when people see ATHs they feel brave and greed?

Is this why the whales get so rich off of dumb money?

smart money must go into BTC to call it later dumb money to make the whales richer with  haha 

[Wekkel]

If smart money is smart, they may be looking ferociously to the record pile up of BTC shorts, just waiting to be short covered by whales teasing the price upwards and upwards. If that cow can still be milked, why wouldn't they?

[holzer]

Looks like them folks that this thread loves to hate are having a pissing contest

https://bcfocus.com/news/bitmain-ceo-slams-craig-wright-over-proposed-bitcoin-cash-hard-fork-tells-him-to-f-off/23342/

At least Jihan Wu pretends to be on the right side of the argument.

What good is a BCash hard fork to increase block size when no one is even buying and using that shit? No merchants, no investors, nothing.

Sure it'll allow CSW et. al. to centralize and control a BCash clone, but he'll end up the King of a complete wasteland kingdom. Another dead zombie coin with no future. So what's the fkn point?

All the people behind Bcash have huge ego issues. Now all those egos are colliding and its beautiful. Cant wait until the whole thing blows up in their faces.

[bitserve]

If smart money is smart, they may be looking ferociously to the record pile up of BTC shorts, just waiting to be short covered by whales teasing the price upwards and upwards. If that cow can still be milked, why wouldn't they?

Because maybe they are expecting the pile of shorts to be even higher before rekting them for good?

[Icygreen]

As for volatility, I am pretty much waiting for the next bear trap to buy in again. Now is the most uncertain time for a new wave of newbie buyers and people are going to exploit that.

How the psychology of fear keeps people from buying the bottom..

I think this is a very certain time in the market. I think the price was more likely to go down at any time during the pump than now, after it is already down..
New ATHs are what scare me.. all time highs

But when people see ATHs they feel brave and greed?

Totally nerve wrecking for me also (watching the price rocket waiting for the consequences.)
Hopefully the next time we reach 20K it isn't on the handle of a hockey stick.  

[eddie13]

Nice little support line in the right direction.. I would be bullish, expecting a small uptrend there, until it breaks down through that line..

The books look to be pretty even on both sides, neutral..

BTW have you guys ever seen this?
https://tucsky.github.io/SignificantTrades/#

It shows large buys and sells live from many exchanges..
It might give you an edge to see a dump coming before it reaches the exchange you are on, or a pump..

[El duderino_]

If smart money is smart, they may be looking ferociously to the record pile up of BTC shorts, just waiting to be short covered by whales teasing the price upwards and upwards. If that cow can still be milked, why wouldn't they?

yeah why wouldn't they.... i'm curious what the next days-weeks gonna bring 

[xhomerx10]

Anybody up for a HairyMaclairy inspired game of "Where's Wall-do"?  I thought it might be a distraction from the prevailing bearishness.  Bragging rights only for the winner.

[JayJuanGee]

CNBC Reverse Bitcoin Price Indicator - pump incoming?

I am confused.  If CNBC is a "reverse indicator" then wouldn't such misery index mean that a dump is coming because at this time, they are showing a seemingly high level of current misery, no?  But since they are wrong, then that means, more dump is coming, contrary to the CNBC conclusion that misery is high?

CNBC Reverse Bitcoin Price Indicator - pump incoming?

You can also use this website to understand the dip and the top of the price

https://alternative.me/crypto/fear-and-greed-index/

1 means max. fear
100 means max. greed.

For ex. look at the 6th of February. the index point is 8. very close to max. fear (which is 1) and the BTC was at the dip. at the 7th of February the trend change.
21th of February. The index point is 74 close to max greed. the price is at the top. At the 22th of February the trend change.

Aren't measurements like this a bit inaccurate because they are lumping bitcoin and crypto together?

What the fuck do we care about crypto, overall?

We care about bitcoin, right?

I understand that bitcoin is related to crypto, but I do think that having a bitcoin ONLY measure would cause a bit of a more meaningful misery measurement tool.

[El duderino_]

Anybody up for a HairyMaclairy inspired game of "Where's Wall-do"?  I thought it might be a distraction from the prevailing bearishness.  Bragging rights only for the winner.

Somewhere in romania ( bucharest) ( victoriei street ) ......

[xhomerx10]

Anybody up for a HairyMaclairy inspired game of "Where's Wall-do"?  I thought it might be a distraction from the prevailing bearishness.  Bragging rights only for the winner.

Somewhere in romania ( bucharest) ( victoriei street ) ......

 WTF?!
My wife guaranteed me that nobody would get this...  Is that your brother with the tattoos or what?

edit:  That's very close but not exactly where it is... I guess I should have controlled myself.  (I'm a noob at this)

edit2: a few more pixels

[wgd]

https://www.barchart.com/futures/quotes/BGU18
We have one day beetween first notice and expiration date,
I am not sure what it does mean  , but it was a little pump often beetween these two dates... maybe next few hours will be the same..

[JayJuanGee]

Another 2 week grind up and 1 day dump to same level?   I know I'll get caught one of these days with my trade stash.  It's so easy now to just wait for price to grind up.. start selling then wait for the dump.    

Been doing this for awhile and damn I have 3 times the btc I started with in my trade stash.  This can't happen for to long I suppose.. if I'm accumulating then I know someone else is too on a much grander scale.  They have to be cleaning the hell up.

Dangerous to trade with your whole stash, but sounds like you enjoy gambling because you have been experiencing "pay offs" through such balls to the walls practices.