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

[mikeywith]

let me start and finish by saying that i don't have the time to read a wall of text that has probably nothing new for me to learn, tho your efforts are appreciated regardless of what are you trying to accomplish , sorry nothing personal tho  



back to TA

 Guy's don't FOMO , you are likely going to get burned, if you haven't bought the breakout at 3700$ then it could be a bit too late now.

if you are a long term Hodler, this is not for you , if you are trying to make any sort of profit trading, you need to stop listening to the moon boys and learn how to trade, we are in a down trend, chasing green candles is going to get you burned.

it took only 4 hours to wipe out 6 days of gains, while i do believe we have already bottomed, but for the short term, it's always safer to short,
the low 3k is officially a bull-zone for now , the low to mid 4k is a bear-zone, you should avoid selling at low to mid 3k as well as avoid buying at 4 to 4.5k area.

should price break above and we see a daily close above Nov 29th high which is 4430$ on BTCUSDT binance chart, then it's safe to long bitcoin, should the price break the low of of Dec 15th, it will collapse, and therefore the right thing to do by then is to short the hell out of btc.

as for now , this is the only valid channel/area , until we create a new Higher High or Lower Low then attempting to chase price out of this area is nothing but a desperate trial of beating the odds.

trade safe everybody.

[rafanadal]

As ugly as this correction looks, it is good for the long term.

'' wHy bItCoIn iS gOiNg tO zErO aNd wHy tHaT's A gOoD tHiNg ''

[bitserve]

As ugly as this correction looks, it is good for the long term.

'' wHy bItCoIn iS gOiNg tO zErO aNd wHy tHaT's A gOoD tHiNg ''

It's not going to zero. It is a good thing because it needs to grow slowly until we are clearly out of the bear market, which clearly we arent yet.

[LFC_Bitcoin]

Why close such a beautifull weekly candle with this kind of dumping, stairs up, elevator down
 bluh

Good way of explaining this shit show. It’s just big players manipulating us minnows though, the good thing is when a proper bull run starts they can’t control the market. In that instance lots of minnows over power the whales.

[Hueristic]

well Mic, morning already?

/looks at clock/  oh holy shit...yep, I better get to bed lol

Hmmphhh, Bankers hours.

[Hueristic]

There may be a delay while we wait for a little handle to get painted on the end of that 2-month cup.

No need to rush.  Consolidation here for a week would be great.

+1

What needs to be done now is to consolidate and defend $4K. Too fast the pump the deeper the correction. We all remember even in a bull market there are UGLY corrections, don't we? And we are still in a bear market until further notice/confirmations.

Looking reasonably good for a starter though.

Don't sell, don't FOMO, buy the DIPS... HODL.

Sorry but the alts pumped again and now it is our turn.
then maybe nasty correction this evening?
edit hmm maybe monday morning
edit not saying we will follow the shitcoins every time.

I considered popping what I had on an exchange into a stablecoin last night before bed as I thought it popped to fast but I was to lazy.

[kenzawak]

Wall Street Goes Bull with Record Breaking Volumes, Bear Hunts Whale with Two Ten Million Contracts

https://www.trustnodes.com/2019/02/24/wall-street-goes-bull-with-record-breaking-volumes-bear-hunts-whale-with-two-ten-million-contracts

Doesn't seem like a big deal though.

[bitserve]

Ok, all my standing limit buy orders been swept already. Now turn the other way around damn it!

Where's my fucking bounce?!

You need to go back over $3900 FFS!

[_javier_]

/conspiracy theory mode ON

what if there´s some SEC insiders news about recent etf proposals and we are being played like a kid?  

[P_Shep]

I just got a shock when I mistook my unread mail count for the bitcoin price in crome's tabs.

I'm now pleased it's only gone down $300.

[bitserve]

I just got a shock when I mistook my unread mail count for the bitcoin price in crome's tabs.

I'm now pleased it's only gone down $300.

My unread gmail count is over 16,000+. THAT would be a nice surprise

[Lambie Slayer]

Now even stronger hands are holding coins. Fighting the King of Deflationary Currency is a futile battle bears, in the end we will win. Not enough coins to go around. Meanwhile USD is being printed faster than you can imagine 24/7. This Baby Bull Market is just getting started.

https://seekingalpha.com/article/4243226-qe-forever-feds-dramatic-face

Powell is going into full money printing mode, he is scared shitless of being Yellen an Bernankes fall guy so he will print USD just like they did and blame it on the next Fed Chair if the shit hits the fan. Risk assets have nowhere to go but up.

[kenzawak]

Wall Street Goes Bull with Record Breaking Volumes, Bear Hunts Whale with Two Ten Million Contracts

https://www.trustnodes.com/2019/02/24/wall-street-goes-bull-with-record-breaking-volumes-bear-hunts-whale-with-two-ten-million-contracts

https://www.trustnodes.com/2019/02/24/bitcoin-crashes-500-in-minutes-profit-taking-short-making-or-what


"CME’s bitcoin futures are currently at a premium of about $100 at $3,900, so it looks unlikely this is Wall Street shenanigans, but trading there hasn’t opened for today.

CME’s contract usually closes on the last Friday of the month, which was this Friday. So this price crash may well be due that contract closing, with a new one now to open later today."

[Lambie Slayer]

This is still Bitcoin country. Hodl tight. Next pump coming soon.

[bitserve]

When bounce?

Bleh, we are all gonna die.

[Lambie Slayer]

https://twitter.com/AgentaTomka/status/1099689795914223617

[kenzawak]

Wash trading ?

https://cryptobriefing.com/crypto-market-traders-algos/

"As Crypto Briefing has previously reported, an increasing amount of market activity can be attributed to algorithms or ‘bots‘. That in itself isn’t a surprise. But some sources have suggested that actors, including some exchanges, could be using these ‘algos’ to inflate volumes and artificially raise prices – a practice known as wash trading.

When coins reach a certain price,  the algos are switched off and the market drops again. With no apparent reason for today’s decline, any more than for the price hikes in the past couple of weeks, this could be the end of a particular wash trading cycle."

[Lambie Slayer]

Yep, they are still printing USD at the speed of light.  

http://www.usdebtclock.org/

Bitcoin Bull case more intact than ever. Carry on, hodl, kindly educate nocoiners and spread adoption every chance you get

[bitserve]

When bounce?

Bleh, we are all gonna die.

I'm pretty sure we're going to keep with these ups and downs just like the tall from ath but just with us ending a bit higher overall each time.

That's what I hope. Even if I am still bearish medium term.

[bitserve]

Look at the order books. A single whale could debart this shit singlehandely. But I guess they are trying to figure out who was the asshole that dumped.... and if he will do it again.