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

[Vaculin]

Hahaha, so funny to see Bcash crap going downhill so fast.  It's not even in the top 10 of volume anymore.   Behind TRON even. LOL   Those dumb dumbs played Russian roulette with all the cylinders loaded.

The biggest losers are Bitmain who are to go bankrupt by the start of the Chinese new year and Roger ver the owner of bitcoin.com

Chinese new year is about to start this weekend.
Anybody else ready for a pump?!

We are NOT in a pump environment, but I would not mind if such a wishful scenario were to play out.  $1,000 pump would be nice, but these days even a $400 to $500 pump would feel pretty good.

Back to over $4,000 is always good.

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[Cassius]

I feel like your charts are often pull-from-thyne-ass.  Historically bear market lows have been set before 11 months prior to each halving. We should expect the same again.

I appreciate that. I will note that for the majority of traders the greatest mistake is having expectations.

I think it's not being prepared to change their expectations on the basis of new information.

Like the 200wma. It's the talisman that the previous ath was in the last bear market. Too many people think it can't be broken. Consequently it's begging to be broken.

[Cryptotourist]

Back to over $4,000 is always good.

Back to $20k is even better.
Seriously, one gone, one to go. Depressing. Or not?
Not, because I have you brothers. That, and I get to own more BTC 
Just buying the way down. Future? Unknown. Hopefully Lambo style.

[El duderino_]

FOOD WAR

Hey. I like you. We should hang around at the $100k party.

Morning WO's!

Good morning and thanks for the recognition

100k party will be a blast, if it doesn't get cancelled like the 1k party.

fingers crossed..... 1K party long time ago, I even didn't read the thread back then 

[El duderino_]

Think positive. It won't be canceled. Bob & Mic will be our hosts. r0ach will be watching live. I will bring the unicorn.

haha BoB is the host mostly I can be their is the guy dressed up a LEBOWSKI or something, can I hang with you guys

but first come on BTC some green buildings on those charts and make party dreams come true

[El duderino_]

Hello hodlers,

I had my account hacked in May, it took a lot of effort to recover it back, but today I'm really glad to be able to post here again with my original name

This is utterly bullish, because although I was pretty discrete during the last years bitcoin never had a rally without me posting "ccmf" or whatever in this thread, so I think my presence here is highly correlated with btc price and necessary for a rally.

Next 24h are critical

 I know it isn't Sunday but would you believe I penned this haiku for the eventual chapeau on a Sunday night shift at work?

 To erre is human
 Your avatar is devine
 Perfect on a hat




avatar-sized

 

 Welcome back

 

excellent

[HairyMaclairy]

Like the 200wma. It's the talisman that the previous ath was in the last bear market. Too many people think it can't be broken. Consequently it's begging to be broken.

I don’t think anyone is saying it can’t be broken. It was broken a number of times in 2015.

Staying deep below it is another story tho.

[Cassius]

Like the 200wma. It's the talisman that the previous ath was in the last bear market. Too many people think it can't be broken. Consequently it's begging to be broken.

I don’t think anyone is saying it can’t be broken. It was broken a number of times in 2015.

Staying deep below it is another story tho.

Well, barely, you're right. It kind of bumped along it for a while, was never deep below it for more than that capitulation spike. But it does seem to be the line in the sand a lot of people are drawing, one way or the other.

[Kylapoiss]

Think positive. It won't be canceled. Bob & Mic will be our hosts. r0ach will be watching live. I will bring the unicorn.

haha BoB is the host mostly I can be their is the guy dressed up a LEBOWSKI or something, can I hang with you guys

but first come on BTC some green buildings on those charts and make party dreams come true

Maybe make it a costume party? Then r0ach can come as a real cock.

[HairyMaclairy]

Like the 200wma. It's the talisman that the previous ath was in the last bear market. Too many people think it can't be broken. Consequently it's begging to be broken.

I don’t think anyone is saying it can’t be broken. It was broken a number of times in 2015.

Staying deep below it is another story tho.

Well, barely, you're right. It kind of bumped along it for a while, was never deep below it for more than that capitulation spike. But it does seem to be the line in the sand a lot of people are drawing, one way or the other.

I am not denying that there will be a global tightening of sphincters when (if) the 200WMA is crossed.  

But it’s going to be defended like fuck.  The order book gets fatter than a Kardashian ass real fast.  

[HairyMaclairy]

Think positive. It won't be canceled. Bob & Mic will be our hosts. r0ach will be watching live. I will bring the unicorn.

haha BoB is the host mostly I can be their is the guy dressed up a LEBOWSKI or something, can I hang with you guys

but first come on BTC some green buildings on those charts and make party dreams come true

Maybe make it a costume party? Then r0ach can come as a real cock.

For infosec reasons everyone must attend dressed as Lebowski.   Except Roach. He can come dressed as Juliet.

[Cassius]

Like the 200wma. It's the talisman that the previous ath was in the last bear market. Too many people think it can't be broken. Consequently it's begging to be broken.

I don’t think anyone is saying it can’t be broken. It was broken a number of times in 2015.

Staying deep below it is another story tho.

Well, barely, you're right. It kind of bumped along it for a while, was never deep below it for more than that capitulation spike. But it does seem to be the line in the sand a lot of people are drawing, one way or the other.

I am not denying that there will be a global tightening of sphincters when (if) the 200WMA is crossed.  

But it’s going to be defended like fuck.  The order book gets fatter than a Kardashian ass real fast.  

Best guess, right now, is that it reverts to 200 WMA after a capitulation spike far below. I could live with that quite happily.

[HairyMaclairy]

British bank Barclays starts moving operations from London to Ireland due to unacceptable risk of Brexit.  



https://twitter.com/faisalislam/status/1090611801409114113?s=21

[HairyMaclairy]

Best guess, right now, is that it reverts to 200 WMA after a capitulation spike far below. I could live with that quite happily.

I agree with you.  I think talk of staying down at 300WMA or 400WMA is apocalypse porn.

[Cassius]

Best guess, right now, is that it reverts to 200 WMA after a capitulation spike far below. I could live with that quite happily.

I agree with you.  I think talk of staying down at 300WMA or 400WMA is apocalypse porn.

I like Murad's analysis and it's certainly not impossible, but it's towards the bearish end of the spectrum of realistic scenarios for me. Other end is heavy defence at ~$3,200 and only a brief dip below $3k.

[HairyMaclairy]

We have to accept the possibility of a momentary dip below previous ATH (~$1156) but that possibility is fading as we move deeper into 2019.  Has to be under 5% chance at this time.  

The bear downtrend line and the 200WMA will intersect around late March / early  April 2019.   Shit will get fucked up then if we haven’t broken the bear line by that time (which everyone has forgotten about). 

[Cassius]

We have to accept the possibility of a momentary dip below previous ATH (~$1156) but that possibility is fading as we move deeper into 2019.  Has to be under 5% chance at this time.  

The bear downtrend line and the 200WMA will intersect around late March / early  April 2019.   Shit will get fucked up then if we haven’t broken the bear line by that time (which everyone has forgotten about). 

April is when Murad expects a bottom. Again, not unreasonable.
The really good news is that the bear line hits zero around August, so we'll definitely be in a bull market by autumn.

[Saint-loup]

BTC trading is now available on Ethereum blockchain

WBTC (Wrapped Bitcoin) was officially launched on Ethereum as a BTC-backer ERC20 token and is now available for trading on several applications and platforms. WBTC was first announced on October 26, 2018 as a joint initiative by BitGo, Kyber Network, Ren (formerly Republic Protocol), and other community partners, to bring Bitcoin’s liquidity to the decentralized ecosystem on Ethereum and enhance all decentralized applications (DApps).

WBTC standardizes bitcoin to the ERC20 format, so DApps such as Compound, Dharma, dYdx, Gnosis, Maker, Set protocol and more can leverage BTC for decentralized lending, margin trading and derivative markets. Further compelling new applications and use cases will be identified, explored and implemented as the ecosystem continues to grow and actively innovate.

By bringing Bitcoin’s liquidity to Ethereum, WBTC also makes it possible for traders to use Bitcoin value for token trades on decentralized exchanges (DEXs) such as AirSwap, DDEX, ETHfinex, IDEX, KyberSwap, Loopring, Radar Relay, RenEx, Switcheo Network, TheOcean.

Eight initial merchants will be facilitating conversion between WBTC and BTC: AirSwap, Dharma, ETHfinex, GOPAX, Kyber Network, Prycto, Ren, and Set Protocol.

https://en.bitnovosti.com/2019/01/30/btc-trading-is-now-available-on-ethereum-blockchain/

This sounds like some bullshit, I'll have to look further into it. Sounds like some IOUs for Bitcoin.

Why BS?
It's already listed on coinmarketcap https://coinmarketcap.com/currencies/wrapped-bitcoin/
And you can check the swap balance live https://www.wbtc.network/dashboard/order-book

[HairyMaclairy]

Why BS?

Its just another ERC20 shitcoin, even if it is a BTC derivative shitcoin. 

[HairyMaclairy]

We have to accept the possibility of a momentary dip below previous ATH (~$1156) but that possibility is fading as we move deeper into 2019.  Has to be under 5% chance at this time.  

The bear downtrend line and the 200WMA will intersect around late March / early  April 2019.   Shit will get fucked up then if we haven’t broken the bear line by that time (which everyone has forgotten about).  

April is when Murad expects a bottom. Again, not unreasonable.
The really good news is that the bear line hits zero around August, so we'll definitely be in a bull market by autumn.

We will repeatedly break the bear line sideways, rally and fall and form a new bear line.  We should do that 4 - 5 times this summer, rebounding off the 200WMA.