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

[El duderino_]

The team at Cambridge has done a bunch of work to put together this report. Highly recommend reading it.

Many people won’t realize how important it is that one of the premier consultants is pro-crypto.

https://twitter.com/apompliano/status/1097480357073555456?s=21

[lightfoot]

Lightfoot sells a bitcoin to pay expenses, price goes up.

Normal.

[El duderino_]

Bitcoin is no longer a dream of the fringes of society. It is methodically marching towards the ultimate destination —a global reserve currency.

It is only a matter of time before everyone trusts math and software over the bias, emotion, and greed of nation states 💯

https://twitter.com/chris__james_/status/1097479572122189824?s=21

[El duderino_]

🏰 A computer code has been paying random people to build its own army.

⚔ It started from scratch, 10 years ago. And already equals ~0.1% of the world's most expensive military bill.

📈 #Bitcoin yearly security spend as a % of the US defense budget 👇

https://twitter.com/paradigmabr/status/1097601324202582016?s=21

[El duderino_]

Aaaah F*** its that time of the day

Into my HODLrocket

Let the cho cho ride my dreams this night

Sweet dreams WO’s

[El duderino_]

Lightfoot sells a bitcoin to pay expenses, price goes up.

Normal.

Pity, i would say do not sell @these prices, but when gotta cover Some expenses Then there is nothing to do about it

Hope you can buy the coin back

[HairyMaclairy]

FRESH FROM WANGA/MASTERLUC TELEGRAM:

Original:

Идeм нa peтecт днeвнoй мa200 имxo. +cтoки cпocoбcтвyют, тaм paзвopoтныe бычьи фигypы.

Google translate:

We go on retest day 200 IMHO. + [stocks] contribute, there are reversal bull figures.

What do you think he means? A bounce from the 200 would be a rejection of the bull, or a breakthrough of the 200 would be a confirmation of the bull?

The latter is true regardless IMO.

"We're going to retest the 200dma imho. Stocks are helping, there are bullish reversal patterns there."

best i can do, not exactly what he says but closer imho.

bullish - isn't that 200 at 5161 today on Bitstamp?

Correct 200 Daily MA is a long way away and we have a bear wall between us and it.   I suppose if we break the bear wall it will easily be in reach.  And the 50 / 100 MA cross should give us the power to break the bear wall.  So maybe its not so outlandish after all.  

Edit:  I predict a rally as high as $5,5000 after breaking the bear wall, then falling back down into high $3ks. 

[StartupAnalyst]

Update, dude. BTC is not waiting!

[El duderino_]

FRESH FROM WANGA/MASTERLUC TELEGRAM:

Original:

Идeм нa peтecт днeвнoй мa200 имxo. +cтoки cпocoбcтвyют, тaм paзвopoтныe бычьи фигypы.

Google translate:

We go on retest day 200 IMHO. + [stocks] contribute, there are reversal bull figures.

What do you think he means? A bounce from the 200 would be a rejection of the bull, or a breakthrough of the 200 would be a confirmation of the bull?

The latter is true regardless IMO.

"We're going to retest the 200dma imho. Stocks are helping, there are bullish reversal patterns there."

best i can do, not exactly what he says but closer imho.

bullish - isn't that 200 at 5161 today on Bitstamp?

Correct 200 Daily MA is a long way away and we have a bear wall between us and it.   I suppose if we break the bear wall it will easily be in reach.  And the 50 / 100 MA cross should give us the power to break the bear wall.  So maybe its not so outlandish after all.  

Edit:  I predict a rally as high as $5,5000 after breaking the bear wall, then falling back down into high $3ks. 

Good HOPIUM thx HM “good till the fallback, but thats just you being you ”
HM talking of break bear-wall

Made me crawl in to me HODLrocket full of confidence

[HairyMaclairy]

I should probably write $5,500 and not $5,5000

[JayJuanGee]

Problem is that nocoiners and the new crypto enthusiast will fall for this scams and they will buy into bCash before even introduced to the real Bitcoin.

Well, from a protocol aspect, SV does have more in common with the original Bitcoin protocol than does BTC.

#justsayin'

still pumping (supposedly defending) bcash, trash?    #yeahright

[Biodom]

I should probably write $5,500 and not $5,5000

55000 would be nice, though.
micg is writing responses so fast that one have difficulty correcting typos  

[Cryptotourist]

I should probably write $5,500 and not $5,5000

That long, hah?

[Icygreen]

Good morning from hot, sticky, sweaty, Bali. (I must be getting old) Better than the snow at home I suppose.

I see the WO's have fired up the rocket memes.  It must be time for Bitcoin price to get interesting again.
All the buys from the past month are looking good from up here. Let's keep this Choo Choo on track, slow and steady releases the FOMO.  

[jojo69]

oh wow

[d_eddie]

Going to break 4k, are we?

[Cryptotourist]

What jojo what???

[HairyMaclairy]

oh wow

Remember Jojo.  Home is where the hurt is.  

Edit:  I want to make clear that I think $5,500 is an upper bound. Not where the price will necessarily reach on this rally.

[JayJuanGee]

Bleh... Unconvinced until $4000+

Snap out of it, bitserve.



u  r ruinin' dee paump moo.

 

[Torque]

You're going to see the "This is a sucker's rally..." pipe get passed around a LOT on this next run.

Been there, done that. Not gonna smoke it this time.