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

[HairyMaclairy]

[1679800029]

1679800029

[JayJuanGee]

I mean’t all the text was short for .... back to 6500-ish next week i your opinion

Oh?  I misread what you said.  

I think that it is difficult to summarize something like a prediction from me, in the context that I am putting the prediction down to a sentence or two, because I don't tend to frame predictions like that.  

In essence, I am currently asserting that we seem to have greater than 50% odds of going up from here - perhaps that could take us all the way to $6,500 which seems a decent resistance point, but I have no idea about whether momentum will take us all the way up to that $6,500 point, because we could go down first.  

Anyhow, one of the reasons why $6,500 seems so reasonable, in terms of a possible resistance point is because we were recently knocking at its door about a week ago, and just before a lot of the recent bcash uncertainties.   Furthermore, there has not really been any negative BTC specific news recently, while we have the likely going live of the BAKKT on 12/12.... which ultimately should be causing upwards BTC price pressures.

Even saying all that, a turd in the direction, and significant movement in the downward direction could throw things, and none of us knows if there is some BIG banker or someone else who wants to throw a few thousand BTC in the down direction to see whether BTC can absorb it.  So, I doubt that I am even saying that odds are greater than 50% that BTC prices are going to $6,500 within a week, even if I am saying that going to $6,500 within a week seems amongst the best of the scenarios based on current information... but maybe by the time we add them all up, that particular scenario might only amount to 35% (even though it is still the best one).  

Edit:    I forgot to mention this lingering USD tether difference that Hairy refers to from time to time and even pointed out it to be increasing.. so yeah, it has bounced between about $50 and $250, and currently such difference is floating around $150.  I would feel a bit more comfortable if the difference was on the lower end, because having such a considerable difference does seem to add to uncertainty regarding how various exchanges are performing and factors that can spark off pumps or dumps that are sometimes basd on phoney factors rather than more organic price movement, which would be more bullish, overall.

[QuestionAuthority]

The moon is so close I can touch it.

[Icygreen]

As I was expecting, anyone who bought BCH for the fork is getting dumped on. $384 and likely to make an ATL soon.
Guess someone's gotta hold the bags, smh

[DaRude]

It is interesting how close to a BTC difficulty change the BCH fork and hash battle is occurring however. Provocative.

Yes.  What a coincidence.  Go figure.

Even more provocative - ABC seems to be kept alive due to a black_hat/white_knight act of Roger. He has redirected 4 EHash of power on the Bitcoin.com pool from BTC to BCH.

Spicy!

Wait, are you trying to tell me that CSW's whole plan relied on Roger sitting by idly looking at his pool mining BTC while all of his work and savings in Bcash are destroyed because there wasn't enough hash to support Bcash? Seriously? Plz tell me you can come up with something better, i'll even take "This was his plan all along and he's just trying to outspend ABC long term" at least that'd be something, but don't try to feed me this BS! You're gonna get fired if you don't pick up your game 

[kingcolex]

As I was expecting, anyone who bought BCH for the fork is getting dumped on. $384 and likely to make an ATL soon.
Guess someone's gotta hold the bags, smh

The pump funds had to come from somewhere? Maybe it was artificial and the bitches over at the BCH teams recouped their funds via btc dumping?

[jbreher]

It is interesting how close to a BTC difficulty change the BCH fork and hash battle is occurring however. Provocative.

Yes.  What a coincidence.  Go figure.

Even more provocative - ABC seems to be kept alive due to a black_hat/white_knight act of Roger. He has redirected 4 EHash of power on the Bitcoin.com pool from BTC to BCH.

Spicy!

Wait, are you trying to tell me that CSW's whole plan relied on Roger sitting by idly looking at his pool mining BTC while all of his work and savings in Bcash are destroyed because there wasn't enough hash to support Bcash?

Of course not, silly. I'm merely forwarding actual information not yet entered into discourse here. What is _your_ contribution?

Though an autocratic redirection of BTC pool power without assent of all participants is kind of interesting in its own right.

More info in the Bitcoin Cash thread.

[xhomerx10]

It is interesting how close to a BTC difficulty change the BCH fork and hash battle is occurring however. Provocative.

Yes.  What a coincidence.  Go figure.

Even more provocative - ABC seems to be kept alive due to a black_hat/white_knight act of Roger. He has redirected 4 EHash of power on the Bitcoin.com pool from BTC to BCH.

Spicy!

Wait, are you trying to tell me that CSW's whole plan relied on Roger sitting by idly looking at his pool mining BTC while all of his work and savings in Bcash are destroyed because there wasn't enough hash to support Bcash?

Of course not, silly. I'm merely forwarding actual information not yet entered into discourse here. What is _your_ contribution?

Though an autocratic redirection of BTC pool power without assent of all participants is kind of interesting in its own right.

More info in the Bitcoin Cash thread.

 Easily justifiable if babies are dying.

[jojo69]

Jesus Christ Jay

shut    the    fuck     up

[d_eddie]

I closed my final bch short and I'm done playing with bch. Got a slight loss just at the end, but an overall 50% profit on my play money. Thank you, forkers. Do it again next Xmas, will you?

I also closed the short position on btc. Not even my standing historical long, redder than ever before, can take my gains away now: it's already accounted for. I'm considering defending this result with one more short, tight stop. Should 4000 show its ugly face, I'll collect enough on the way down to make up for extra losses on the long. Otherwise I'll gladly pay the stop loss tax on the short.

EDIT Found a pretty Easter egg: the number 1337 shows up as "leet" in the post count.  :-)

[JayJuanGee]

Jesus Christ Jay

shut    the    fuck     up

That reminds me of a story.



That reminds me of another story.  




hahahahahahah   

[JayJuanGee]

I closed my final bch short and I'm done playing with bch. Got a slight loss just at the end, but an overall 50% profit on my play money. Thank you, forkers. Do it again next Xmas, will you?

I also closed the short position on btc. Not even my standing historical long, redder than ever before, can take my gains away now: it's already accounted for. I'm considering defending this result with one more short, tight stop. Should 4000 show its ugly face, I'll collect enough on the way down to make up for extra losses on the long. Otherwise I'll gladly pay the stop loss tax on the short.

EDIT Found a pretty Easter egg: the number 1337 shows up as "leet" in the post count.  :-)

Seems that you are getting pretty good at both hedging, but also not getting to greedy with your bets in order to stuff away funds and to also increase the size of your "playing" funds.

Regarding the leet, if you want to maintain your status, you cannot post anymore... You just have to keep editing old posts...

Otherwise, if you do post, you have to delete one post for every new post.

[cAPSLOCK]

As I was expecting, anyone who bought BCH for the fork is getting dumped on. $384 and likely to make an ATL soon.
Guess someone's gotta hold the bags, smh

the more I think about it, the more I wonder if this might not all have been theater and a way to extract the most possible money back out of a failed system that two or three billionaires accidentally sank way more than they should have in to.

[xhomerx10]

The moon is so close I can touch it.

 I know.  It's almost as if you're there.

[d_eddie]

Seems that you are getting pretty good at both hedging, but also not getting to greedy with your bets in order to stuff away funds and to also increase the size of your "playing" funds.

Regarding the leet, if you want to maintain your status, you cannot post anymore... You just have to keep editing old posts...

Otherwise, if you do post, you have to delete one post for every new post.

I don't let my play money grow geometrically. The excess gets periodically stashed away. That's how I was able to double up ~2.7 times - meaning s a 270% return, rather than 650%.

Leet: can't be bothered to preserve. Everything is temporary anyway.

P.S. You too are capable of palatable dryness, see?

[d_eddie]

Guys I made something for you.   Please don't take this as investment advice

Aha! What would this thread look like without you?  

You make it prettier with every post (and repost - see moon above).

[HairyMaclairy]

No one is getting BCH symbol on Binance

[HairyMaclairy]

I’m a bit disappointed that BTC hasn’t made a V shaped bottom yet.   

I don’t like how we are hanging around here with volume dropping off sharply.   

[cAPSLOCK]

No one is getting BCH symbol on Binance

Looks to me like BCash has given itself cancer.

[jojo69]

I’m a bit disappointed that BTC hasn’t made a V shaped bottom yet.   

I don’t like how we are hanging around here with volume dropping off sharply.   

it is lacking a certain snapback quality

another leg down methinks