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

[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.

[cAPSLOCK]

Evidently Calvin Ayre hired people with Achondroplasia (dwarfs) to entertain him for "Coingeekweek" and to celebrate BCHSV.


This cant get any more disgusting.  I see a "snow white" hooker was also hired.  Evidently he either is the seventh dwarf himself... "Sleazy", or he could only afford six since he is propping up the BCASH SV price with his money.

Hopefully jbreher wakes up eventually.  And I mean that with all sincerity.

[alevlaslo]

The market is manipulate, the prices were sold deliberately, so that people sold everything cheap and then bought at high prices, passengers are not needed for growth. I sold bitcoins for $200 in 2014, and in 2018 I bought ETH for $200

[goldkingcoiner]

Evidently Calvin Ayre hired people with Achondroplasia (dwarfs) to entertain him for "Coingeekweek" and to celebrate BCHSV.


This cant get any more disgusting.  I see a "snow white" hooker was also hired.  Evidently he either is the seventh dwarf himself... "Sleazy", or he could only afford six since he is propping up the BCASH SV price with his money.

Hopefully jbreher wakes up eventually.  And I mean that with all sincerity.

Please tell me that ended in an orgy

[bitmover]

Evidently Calvin Ayre hired people with Achondroplasia (dwarfs) to entertain him for "Coingeekweek" and to celebrate BCHSV.


This cant get any more disgusting.  I see a "snow white" hooker was also hired.  Evidently he either is the seventh dwarf himself... "Sleazy", or he could only afford six since he is propping up the BCASH SV price with his money.

Hopefully jbreher wakes up eventually.  And I mean that with all sincerity.

Sorry, I don't know bCh sv shills... Who the hell is Calvin ayre?

[alevlaslo]

The market always goes against expectations, everyone is waiting for the fall and lateral trend at 3000

[Arriemoller]

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.

I too think it will tank, but I also think it will recover faster than the stock market. What worries me is that we might get a very long crypto winter.
If we do get another spike before the coming recession I will sell most of my stash, and buy back in the recession low, which might come to be an epic low.

[bitebits]

Did a poll just for us



https://www.strawpoll.me/16950871

Poll: "Is the bottom in? YES / NO


I am in the 'don't care' anymore phase, acceptance of the new reality.
Which means I am buying again like in 2014/2015, can't help myself when they are this cheap (only a 10x!)

Is something wrong with Bitcoin the network? No, stronger than ever. All the stats are green except for the price in dollars.

We need to learn to look at the long term. Two more halvings (happening in just 5 years, year 2024) and there are only 3.125 Bitcoins per block. Today a whole block costs 12.5 x $4K = 50K, but I can buy a whole '2024 block' for just $12.5K. It is just common sense to add a few to the stack, even though it does not matter much percentage wise.

To the future: don't be jealous we were here in 2018 with $4K/bitcoin. Most still think it is just a stock that needs trading.
 

[alevlaslo]

by summer we can grow up to 100 thousand

[virtual2018]

$2800 is a possible bottom for Bitcoin, which means that the currency loses about 85% of its value compared to its peak near $20000
P/s: I would like to be a member of "head cap", please someone can help me 

[JayJuanGee]

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.

I too think it will tank, but I also think it will recover faster than the stock market. What worries me is that we might get a very long crypto winter.
If we do get another spike before the coming recession I will sell most of my stash, and buy back in the recession low, which might come to be an epic low.

How are you going to know that the next BTC spike is temporary?  How you going to know if BTC prices are going to correlate with the stock market?  How you going to know when to buy back your BTC, if you do sell "most of your stash?"  

By the way, if your stash is less than 1 BTC, then maybe it does not matter too much, even though you should still take incremental measures rather than betting on what seems to be a pretty weak theory, at least from what I have read from you so far.

Part of the seeming craziness of your plan is that you are planning to bet BIG on further BTC down, even though BTC is currently in about a 80% correction area, but you seem to be expecting a decent amount of more down... yet the better gamble would seem to cautious about how much moar down is likely to happen when there has already been about 80% down.

[alevlaslo]

$2800 is a possible bottom for Bitcoin, which means that the currency loses about 85% of its value compared to its peak near $20000
P/s: I would like to be a member of "head cap", please someone can help me  

in the spring of 2013 all bottom waited, but got an increase from 50 to 1000

according to Elliott's law, history always develops in a spiral, not in a circle, but in a spiral, the cycles increase

[JimboToronto]

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.

The only "crypto" I'm interested in is Bitcoin, which I buy with and occasionally sell for CAD.

This is why I avoid exchanges and use anonymous ATMs or deal in cash OTC.

No one gets control of my bitcoins and I remain anonymous.

[Kylapoiss]

$2800 is a possible bottom for Bitcoin, which means that the currency loses about 85% of its value compared to its peak near $20000
P/s: I would like to be a member of "head cap", please someone can help me 

You must be a full member to wear the hat, meaning activity of 120 and a 100 merits. So it will take some time.

[virtual2018]

$2800 is a possible bottom for Bitcoin, which means that the currency loses about 85% of its value compared to its peak near $20000
P/s: I would like to be a member of "head cap", please someone can help me 

You must be a full member to wear the hat, meaning activity of 120 and a 100 merits. So it will take some time.

Thanks bro!
I think that after a strong rally this month, the market will need a period of consolidation that will last for months and is accompanied by the steady growth of the major technical currencies.