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

[PoolMinor]

Maybe its because its 4.40 am, but what fractals are you talking about?

https://www.investopedia.com/articles/trading/06/fractals.asp

[criptix]

Maybe its because its 4.40 am, but what fractals are you talking about?

https://www.investopedia.com/articles/trading/06/fractals.asp

I mean on his chart 

[RoomBot]

HODLERS be Strong!

[Torque]

Imaginary, valueless tokens are impossible to act as collateral for anything.

All those digital blips of trillions in fiat currencies, digital assets, and stock shares in databases around the world would disagree with you.

[PoolMinor]

Imagine if I actually had something worthwhile to say, no one would ever read it unless someone quoted me.
Thanks all that continue to quote my drivel 

[empowering]

Wilder vs Fury ...who you guys going with?

I don't know what will happen, but I want the Fury to win

[HairyMaclairy]

I think Toxic is referring to this

[HI-TEC99]

   $200: An altcoin is anything other than ____?
    $400: This rapper killed Coinye.
    $600: Each transaction is [in]a block connected in these digital ledgers that enable crypto to work.
    $800: This 3-letter chat app created a currency similar to its name Kin.
    $1000: Which country created the Petro?
https://sludgefeed.com/cryptocurrencies-featured-on-jeopardy/

Pretty cool.

"Interesting(ly), the category was left untouched until the end of the round..."

I'm surprised they included #4, I don't think most crypto people (or anybody) knows what Kik is... I only know about it because I write about obscure coins for my job.

I have heard of some extremely obscure coins (like potato coin), but never heard of kik.

[HairyMaclairy]

Does this help?

[PoolMinor]

Does this help?

[imghttps://i.ibb.co/9NnpGX0/Fractal.jpg[/img]

Now you are just making a spectacle of yourself. 

[criptix]

Rip

[HairyMaclairy]

Slow and lazy dump



Edit: support at $4060 broken now.  Bearish.

[jojo69]

I think Toxic is referring to this

Perhaps I am drunk, I don't see it.

no perhaps about it

I am drunk

[HairyMaclairy]

I still don't understand how you draw your lines. The top of the wick at 4265 @ 15:00 and then the close at 03:00. non-continuity

The line was drawn to the top of the first wick and continued out as a guide.  Subsequent candles happened to wick above it but closed below it which reinforced it in my mind as a resistance line so I didn't bother redrawing it.  YMMV.  

Edit:  You can see the same thing on the bottom line - I matched the two wicks very close together at the start but didnt bother redrawing for subsequent wicks.  

[goldkingcoiner]

Slow and lazy dump



Edit: support at $4060 broken now.  Bearish.

Back to the high 3ks it is.. I hope. Still, made a nice ROE on the small slope up.

[PoolMinor]

I still don't understand how you draw your lines. The top of the wick at 4265 @ 15:00 and then the close at 03:00. non-continuity

The line was drawn to the top of the first wick and continued out as a guide.  Subsequent candles happened to wick above it but closed below it which reinforced it in my mind as a resistance line so I didn't bother redrawing it.  YMMV. 

OK, I will try to avoid criticizing your charts publicly. Since I am the only one that cares about my opinion on the subject.
 

[HairyMaclairy]

I am more than happy to be critiqued.  It makes me better.  Please don't stop.  So I care about your opinion

[Hueristic]

Does this help?

Now you are just making a spectacle of yourself.  

RotflmFao.

The Potheads will bring us back to 4200 and that is SOMA!

[PoolMinor]

Does this help?

Now you are just making a spectacle of yourself.  

RotflmFao.

The Potheads will bring us back to 4200 and that is SOMA!

SOMA?

Self-Oscillating Mixer Array?

https://acronyms.thefreedictionary.com/SOMA

[bitserve]

Looks like I arrive in time for the dump.

Anyways...

About the Bitfinex request for (impossible) information, I repeat it is NOT ME who received it. That doesn't change the fact that those are some risks out there.

I, for one, understand that exchanges need to enforce KYC/AML. It is not that they want, it is that they need to do it if they want to stay in business. And we do want them to stay in business.... as we would need the news of any major exchange being shutdown for "money laundering" as much as we do need a shot in the head.

It is some of the particular data they are asking what really worries me. When you start requesting more data than even myself do exactly know or could provide detailed proof is when things start to get shaddy. Or when you request documents (such as an official translated/notarised) document that costs money IF it would be possible to get....

And that thing that you can't blend watermarks (date and logo of the intended recipient) as I used to do in the past, when that adds security for everyone involved:

- I know the identikit I am sending them won't be able to get used at another place if they have some leak.

- They know the identikit they are receiving doesn't come from another place that had some leak.

- If a place have some leak, it will be quickly determined the origin of the leak.

... To be honest I have also had problems with banks for adding watermarks.... which still sucks for the very same reasons.

The thing is.... IF Bitcoin keeps growing expect much more regulation and controls to be growing along. Some will be good for us, but some will be a fucking pain in the ass. If someone thinks Bitcoin will be allowed to grow while staying below the radar and controls he is delusional. Sorry for being the messenger of bad news guys.