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

[HairyMaclairy]

Yeah Mic, we're going to need a swing shift tonight...no way I'm staying up till you come back on.

I got your back man.  Go to bed. 

[Toxic2040]

Yeah Mic, we're going to need a swing shift tonight...no way I'm staying up till you come back on.

I napped and will be up for at least 6 hours now. Not sure it will help.



6h







--------
Unhealthy the Wall
A ship plummets past bitcoin
whilst watching the moon

[HI-TEC99]

https://www.cryptoground.com/mtgox-cold-wallet-monitor/

Thx V8 but do we know what the amount on exchanges are? That is just the starting wallets and their balances. There should be a public accounting of the funds somewhere since its a class action right?

yes that is not official, but it is where the money is, rather than being on any exchanges. a much better way of noting any movements than official channels, which nonetheless are here https://www.mtgox.com/
maybe here https://www.mtgox.com/img/pdf/20180317_qa.pdf scroll down

enuff questions i can't fucking see let alone english

Thanks man.

SHIT! that PDF in Japanese I'm going to guess.

Bitcoinist estimated the gox stash at 166K BTC on Aug 03, 2018.

https://bitcoinist.com/mt-gox-creditors-bitcoins-next-summer/

Approved in June, the current rehabilitation plan aims to distribute the Mt. Gox stash — which is currently about 166K BTC (or almost $1.3 billion USD).

On the other hand bitcoinist estimated the gox stash at 137,890.96 BTC on Jun 22, 2018.

https://bitcoinist.com/mt-gox-bitcoin-whale-trustee-wont-sell-btc/

The creditors will also be required to refile their claims by October 2018. Nevertheless, since Mt. Gox. still controls 137,890.96 BTC

The two figures are almost the same, apart from an insignificant 28110 BTC difference between them.

[mikeywith]

But man, come Thursday, let that douchebag have it!

I think he gets it everyday IRL at least, being abandoned for being thick IRL is one of the reasons why someone would turn into a complete asshole online.

but i know the cure for his type of sickness, just ignore him , somebody else will throw another bone and he is going to catch it.

[Majormax]

And the partly stops, seems like we got dump hard in just less than a day.
The expectation of a bull run might change from most of the guys because the market is still very bearish.
I'm seeking some advise from the experts here, what to do next? What's the next price?

why ask a bunch of people who know just as little as you?

it's not super bearish. it's really not super bullish. it's kind of nowhere. there'll be violent moves that make no sense that don't follow through. this is what it's like when things have been wrung out.

Thats a good summary. The market does now seem to be nearly  'wrung out'. ... It's a classic chart pattern for a long time frame. Markets never move when there are too many 'passengers'

The trading range/random moves then go on for an extended period, in order to squeeze out any remaining speculators through either draining of enthusiasm, or exhaustion of trading capital. That will be 'as long as it takes'. Could even be years , especially after a really wild bull market.

[bones261]

Just yesterday, I was celebrating my birthday and it seems that I was seeing a few people indicating that the signals were there for a turn around. Now today, most have backpedalled. How much longer are we going to have to endure this overwhelming feeling of

MEH ?


 

[HairyMaclairy]

Hey man.  It looks like we just made a higher low @ $3714.  Bullish if that holds.  

[JayJuanGee]

But man, come Thursday, let that douchebag have it!

I think he gets it everyday IRL at least, being abandoned for being thick IRL is one of the reasons why someone would turn into a complete asshole online.

Define asshole.  You have mirror for yourself for that, you overly sensitive twat?

but i know the cure for his type of sickness, just ignore him , somebody else will throw another bone and he is going to catch it.

For all of the time that you used for posting your various irrelevant and unsubstantiated posts, you could have spent 1/3 of your time reading my first earlier responsive post, and perhaps answered everything therein without having had gotten so emotional... but instead, you have time to spend on subsequent post (largely irrelevant).

[Toxic2040]

Just yesterday, I was celebrating my birthday and it seems that I was seeing a few people indicating that the singals were there for a turn around. Now today, most have backpedalled. How much longer are we going to have to endure this overwhelming feeling of

MEH ?


 

Put all the exploitative trolling attempts aside. Look at the bigger picture. Look at that huge mallet that formed from todays consolidation. Trying to change momentum on these larger time scales is a exercise in futility.

We are resting on the Tenkan Sen but it is acting as support..we have already broken through. Now we will continue to trend upwards until we meet the Kijun Sen and attempt a crossing. I would expect that point to be in the $4.5k to $4.8k range and be the local top followed by a rejection down to $4k-ish to fully test support at the end of April, beginning of May time frame. A mid summer rally will test the bottom resistance of the Cloud before finding a path over it. #dyor

W

#stronghands'19

[Hueristic]

nice TA , gave you a merit.

here is another problem that the bulls have to face now, the trend line in blue



the good news is breaking out the large triangle, the down trend should act as a strong support, therefore i won't be waiting for another touch on the 200MA on the weekly for my next entry, this is how i plan to play the next long position;

1- wait for a close above the small trend line in blue and set my SL below it.
2- wait for a test of the coming support (dotted blue line) which also happen to be the down trend of the big triangle.

these two levels will provide a good risk to reward ratio with TP at the last high of yesterday.

* above is BTCUSDT chart differs a bit from BTCUSD

I don't know what this means but you drew lines so have a merit.

...I doubt anyone here is 100% correct, because, for example, ....

What are you talking about?
I thought I was wrong once, but I was mistaken.

Edited.

But man, come Thursday, let that douchebag have it!

He doesn't play fair, on Thursdays he has been on eggshells.

[birr]

...I doubt anyone here is 100% correct, because, for example, ....

What are you talking about?
I thought I was wrong once, but I was mistaken.

I think what's happening is...
Jay JuanGee has been replaced by an AI bot that concatenated the megs of text he has posted here in the past, and uses the source file to create posts now using an enhanced markov chain random text generator to perpetuate the illusion of his presence.

[JayJuanGee]

...I doubt anyone here is 100% correct, because, for example, ....

What are you talking about?
I thought I was wrong once, but I was mistaken.

I think what's happening is...
Jay JuanGee has been replaced by an AI bot that concatenated the megs of text he has posted here in the past, and creates posts now using an enhanced markov chain random text generator to perpetuate the illusion of his presence.

That's a great theory, birr.

[Toxic2040]

Humming bird takes flight.
3h


Pro tip on how to clear stop losses.
4h

#stronghands'19

[Hueristic]

Just yesterday, I was celebrating my birthday and it seems that I was seeing a few people indicating that the signals were there for a turn around. Now today, most have backpedalled. How much longer are we going to have to endure this overwhelming feeling of

MEH ?


 

It was a cool thing on you B-day though, hope I get as lucky.
/loose opsec

[Hueristic]

...I doubt anyone here is 100% correct, because, for example, ....

What are you talking about?
I thought I was wrong once, but I was mistaken.

I think what's happening is...
Jay JuanGee has been replaced by an AI bot that concatenated the megs of text he has posted here in the past, and uses the source file to create posts now using an enhanced markov chain random text generator to perpetuate the illusion of his presence.

That has already been postulated.

Humming bird takes flight.
3h


Pro tip on how to clear stop losses.
4h

#stronghands'19

U2 +sM

Cheshire smile on chart good.

[jojo69]

I think what's happening is...
Jay JuanGee has been replaced by an AI bot that concatenated the megs of text he has posted here in the past, and uses the source file to create posts now using an enhanced markov chain random text generator to perpetuate the illusion of his presence.

I learned a new word!

[JayJuanGee]

I think what's happening is...
Jay JuanGee has been replaced by an AI bot that concatenated the megs of text he has posted here in the past, and uses the source file to create posts now using an enhanced markov chain random text generator to perpetuate the illusion of his presence.

I learned a new word!

I thought that you were going to bed Jojo?  hours ago?

That has already been postulated.

If you are going to repeat, Hueristic, so will I.

[jojo69]

I thought that you were going to bed Jojo?  hours ago?

No, I'm just not staying up till Mic comes on at 08:00 UT.

I'm old, and I gotta work tomorrow.

[Hueristic]

Lol, good one to call it a night on. cya all l8r.

[nutildah]

Here goes my take on this volume: its a bearish signal because these orders were specifically placed to draw in chart analysts. If it was sincere action these would have been purchased in smaller, measured increments so as not to catch many eyes.



Bearish for the next 3-7 days.

Called it! The only time I believe in TA is when CW all agrees upon the same thing, in which case the opposite of what people expect is likely to happen.