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

[goldkingcoiner]

Nicely set up technical break out. First breaking weak downward green trendline then snapping through long term blue downward trend line.  Unfortunately this is a bear market so break out not sustained.

The super long term trend line from $2 (shown in purple sloping upwards) was not challenged.  I think the purple line will be very hard to break from the downside.  I think we will never break it again.  Fortunately it is moving very fast and will be in the stratosphere within a month so no concern of ours.

the fact we have not had any major bouncebacks smells like another sideways for the coming weeks. Even with such a nice RSI.... :/ Any thoughts on if this might be another prelude to an imminent drop? I feel like MACD is looking too suspiciously positioned. Its going to do another 180° and plummet with the next bollinger contraction and breakout into the dirt.

Anyone want to pick up that phone? BECAUSE I FUCKING CALLED IT

[Elwar]

[kurious]

It seems indeed we are entering The Heart Of Darkness.

But the capitulation is necessary, we can go nowhere until we find the true bottom.

Cue pics?

[BTCMILLIONAIRE]

Off topic but totally cool: https://www.youtube.com/watch?v=6jxRnodaKzE

Some people just want to watch the world burn.

[BTCMILLIONAIRE]

taking you guy's with me

now the price just gotta follow

Nice hat and hodlcoaster.

[El duderino_]

taking you guy's with me

now the price just gotta follow

Omg! You look hot with those tattoos and this hat. No homo btw!

jeeeez euhm thx i guess 

i will not confront you with the foreside 

Yeeeah thats the one that i was asking for DAY's

and indeed today is a day that the horror is real, excellent moment for sharing the HORROR
got my seatbelts strapped on, but let it be for fast FORWARD-UPWARD and continuously keep going on that scheme 

Nice hat and hodlcoaster.

Thx man, hodlcoaster is almost there for a year now i have it from the lowest february-march price i guess
placed it into the the @that time, totally connected myself on the BTC-train, nowhere to go anymore, can't be running around with that on my arm and become a NOCOINER or non hodler....

[cAPSLOCK]

Just curious, at what price would an institution make an OTC purchase (if that's actually happening)?  Would it be higher or lower than exchange prices.    

Definitely happening.  And they would pay over exchange prices a bit as they are getting the discount on slippage. 

Also it would benefit them to dump into the thinly traded exchange markets before they buy.

[El duderino_]

Just curious, at what price would an institution make an OTC purchase (if that's actually happening)?  Would it be higher or lower than exchange prices.    

Definitely happening.  And they would pay over exchange prices a bit as they are getting the discount on slippage. 

Also it would benefit them to dump into the thinly traded exchange markets before they buy.

i think they pay higher.... if someone would ask me to buy any BTC for cash it would be alsy +X%
otherwise just go on and buy of the exchange....   (not if it would be a close friend or something, with me not @all cause i don't sell)
but saw this kind of action with my friend when he sells something to another party for cash
and i think in very large amounts it would be the same as well .....

[ninobtcx]

.. well those games were super good though. Actually back then there wasn't much PC at all in games compared to today.

[gembitz]

Oh... FFS, now I'm making so little on my Shitcoin mining,  I'll have to close the window in winter.

/\BTI is the one to mine weeeee

[LFC_Bitcoin]

Anybody willing to call what we’ll bottom at?

I hope this doesn’t drag on for 6 months. Let’s just fucking get it over with.

[cAPSLOCK]

Off topic but totally cool: https://www.youtube.com/watch?v=6jxRnodaKzE

Not really off topic...

[fortune143]

Gonna need more of a bounce than this before any sort of bottom methinks

[El duderino_]

mmmm page 21.666
thats why this is all so messed up

[kurious]

mmmm page 21.666
thats why this is all so messed up

First thing I thought, too.  So it's not just me seeing doom everywhere...

Ah, fuck it - it's how we earn our stripes.  We can't have moon without occasional doom.

[jojo69]

success is not measured on the good days

[barota]

any other fucking support wall like 5800!!!!

[rafanadal]

5036

[rolling]

I think this is the whales fighting over BCASHBCHABCBCHSV. When they have the amount of disgusting fiat they need to prop up their respective forks, it will stop.

This is good for bitcoin. It redistributes coins from idiots and hopefully puts them in the hands of better stewards.

It will go as low as the whales are willing to part with their stash for and until they reach their target. CSW is a big baby and he has no problem destroying everything to be right in his twisted mind.

[barota]

5036

I hope the prices will return to normal and stable