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

[realr0ach]

Swedecucks are now banned from this thread:

https://dailystormer.name/sweden-police-commissioner-wants-to-ban-online-anonymity-force-everyone-to-get-permits/

[infofront]

roach are you going with me ? 

That's a fucked up conference. Satoshi Nakamoto himself, bcash shill Jeff Berwick, and a bunch of Moussad agents.

[JimboToronto]

What sort of savage would use CAD?

The real question is, "What kind of savage would use exchanges?"

Not only do you have to give up possession of your coins to exchanges to use them, now apparently you also have to surrender your anonymity.

Totally unacceptable.

[xhomerx10]

?? These hats are more unique than a Bitcoin address.

Can you make me  one unique hat? I don't even have an Avatar

 They don't get any more unique than this (unique might not be the right word here)



Avatar-sized

[bitserve]

Is there any service that allows for setting alerts when a list of bitcoin addresses move? Some sort of address watchdog. Anyone knows?

[HairyMaclairy]

Bear pennant forming on 15M = continuation pattern on low time scale.

[bitserve]

Don't you think it will probably rebound on the lower yellow line and then break upwards before the weekend is finished? #reversebart

[Syke]

The real question is, "What kind of savage would use exchanges?"

Not only do you have to give up possession of your coins to exchanges to use them, now apparently you also have to surrender your anonymity.

Totally unacceptable.

If you stay out of Fiat, numerous exchanges will work for anon crypto trading. But yeah, you wanna deal in Fiat, you gotta abide by the rules of the Fiat issuers.

[jojo69]

may B sr. be absorbed into the thousand points of light

if only we had known how good we had it

[HairyMaclairy]

Don't you think it will probably rebound on the lower yellow line and then break upwards before the weekend is finished? #reversebart

I’m not particularly invested in the outcome - it could break upwards but classic TA says it probably won’t.  This is a good example of the price being continually ground down by descending triangles at all sorts of scales.   It’s this repeated macro pattern we have break to exit this bear market.

PS these notes are as much to myself as anyone else.

[PoolMinor]

Bear pennant forming on 15M = continuation pattern on low time scale.

AKA the arm of death. https://bitcointalk.org/index.php?topic=178336.msg3861136#msg3861136

[jojo69]

b0tUnl0ck3r ?

[HairyMaclairy]

We have more than our fair share of crazies, and he’s a crazies’ crazy

[Arriemoller]

The bottom is not in.

This isn’t about price, it’s about time.  We haven’t had enough time to digest the last bull market. 

We will hit absolute bottom between here and mid-2019.  I can’t give you a price target because it’s not about price. 

I agree totally.

I would also like to point out that bitcoin has never experienced a recession, so we have no idea how that will affect the price. And a recession is coming before or during 2020 according to all expertise.

Bitcoin was created as a reaction to the latest recession, but have always worked in a continuous uptrend.
A recession might make bitcoin a place to run to when stocks and shares go down, in that case price will go up. Or bitcoin might be what you sell to make ends meet when your stock and shares are down, in which case the price will go down.

we simply do not know how bitcoin works in a recession, it might not reach any new ATH until the recession is over.

[Hexah]

15M

[goldkingcoiner]

Expecting a double-triple bottom. Longing with an expectation of 5k. Closing position at ~4.9k with a stop loss @3825. Anything lower is probably going into 3.6-3,4k. Anything below 3430 is going into unknown territories. Probably 3.2k-3k. Fast stochastics and macd at 12h pointing to a sharp reversal in the next 1-3 days. 3d shows a nice bottom with strong stable support levels at 3.4k.

[cAPSLOCK]

What bothers me is we are getting well ahead of schedule.   We shouldn't be into $3k before January. 

V Shaped Bottom?  If you zoom out enough? 

Nah... Me either...

[bitmover]

?? These hats are more unique than a Bitcoin address.

Can you make me  one unique hat? I don't even have an Avatar

 They don't get any more unique than this (unique might not be the right word here)

Thank you homer!!!

Now I am part of the wall Observer hat gang 

[HairyMaclairy]

[nutildah]

Bitcoin was created as a reaction to the latest recession, but have always worked in a continuous uptrend.
A recession might make bitcoin a place to run to when stocks and shares go down, in that case price will go up. Or bitcoin might be what you sell to make ends meet when your stock and shares are down, in which case the price will go down.

we simply do not know how bitcoin works in a recession, it might not reach any new ATH until the recession is over.

I agree we don't know how it will work exactly, but my hunch is a recession will drag it down since it is seen as an "extremely high risk" investment. This is the category of investment most likely to tank first in a stock market crash. For the longest time there was no correlation between BTC and stock market movement but that began to change last year when Wall Street started moving in.

Bitcoin only has the potential to be a safe haven investment compared to the dollar if in response to a new crash the feds begin a new game of QE that makes the last one look like Little League. Otherwise the dollar is the go-to investment during a recession.

I like my new hat by the way, fits pretty comfortably.