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

[DaRude]

Roach take your meds you'll pop a vein again. If that's how you react at $6k you'll have a heart attack at $10k, a stroke at $20k and will just become a deranged old man with an aluminum hat at $50k yelling at the kids next door to get off your lawn and to buy more PMs.

-Damn billy don't you see this is all a trick and you need to buy moar PMs right now!!!!
=But i'm just 5 Mr. Roach, can i have my ball back now?

[DaRude]

This is borderline remarkable, $6000 was the strongest support in bitcoin history, when we fell through it should have been the biggest resistance. We essentially broke through it on the first try, we never bounced off of it hard at all. If we stay above this for a significant amount of time, it will be hard for Bitcoin to fall back through $6000........

What in the world.

Dumb ass shorts.

When long / short ratio at record lows on high volume, the only way the price can go is up.

This is the beginning of the bears’ capitulation - long / short ratio still below prior record lows at 0.58

“At first you go bankrupt slowly, then all at once.”

Where that long/short ration from? sauce?

[600watt]

Sorry moon boys , gotta drop this here , no lambos yet

waiting for this drop ever since we left $4k. i can tell you when it will drop: when the fomo got me and i bought back...

[ivomm]

I just want to recall 2 of my "histroric" posts. The first is just before the turning point in Dec 12. The second is just before we broke the resistance at $4200.

Well, it has to stop somewhere. One year ago Jihan Wu started a similar campain (flippening they called it). Aided by Rojer Ver and Craig Wright they dumped hundreds of thousands bitcoins and bought bcash driving it up to 3.5k$ on most exchanges and 9.5K$ on Coinbase. The documentation of the failed IPO shows that only Bitmain bought around 2mil bcash! Now, Wu gets what he deserved! Although he has 2mil SV now, so he can dump it to get some money to save his business from bankruptcy. Now, CW thinks he is a genious to sell his bitcoins and buy his shit. In 1 year SV will be less than 10$, while bitcoin will recover. Not only the manipulators are out of ammo, but most of the whales dumped in fear their bitcoins. What the market needs now is a nice recovery to 6K and then slowly building up to 20K and beyond. It may take some months or a couple of years, but it will happen!

If we break the resistance range $4100-4200 in the next days, it will be a strong sign that the bulls are in control. Taking back the once strong support at $6000-6400 is inevitable this year.

[GreatArkansas]

Can we add this for another reason why Bitcoin climbed up above $6,000 today?



https://www.cnbc.com/2019/05/08/facebook-rolls-back-ban-on-cryptocurrency-ads.html

[DaRude]

CMC dominance is at 57.2%

[Gyrsur]

CMC dominance is at 57.2%

get a twitter account. 

[HairyMaclairy]

This is borderline remarkable, $6000 was the strongest support in bitcoin history, when we fell through it should have been the biggest resistance. We essentially broke through it on the first try, we never bounced off of it hard at all. If we stay above this for a significant amount of time, it will be hard for Bitcoin to fall back through $6000........

What in the world.

Dumb ass shorts.

When long / short ratio at record lows on high volume, the only way the price can go is up.

This is the beginning of the bears’ capitulation - long / short ratio still below prior record lows at 0.58

“At first you go bankrupt slowly, then all at once.”

Where that long/short ration from? sauce?

Tradingview long positions divided by short positions on Bitfinex

https://www.tradingview.com/chart/BTCUSD/Opk866SG-Bitfinex-Bitcoin-Long-Short-ratio-breaks-through-record-lows/

[MrFreeRoMan]

Sorry moon boys , gotta drop this here , no lambos yet

Day 38 of Bitcoin 60 Day Cycle.  Overall positive action and confirming of a 4-Year Cycle Low back in Dec.

Either painting the Right Shoulder here (no new high) or one more high for a solidly Right Translated Cycle.  

Patience is key because a drop in May will come, IMO.

https://twitter.com/BobLoukas/status/1123978457610891264

[/quote]

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#stronghands'19
....
peace

It all comes together

[vroom]

what is this shit? eth price charts? old charts not showing bitcoin above $6000? stop posting old and outdated price analysis.

[snowdropfore]

i think we are heading to 100k now.

[El duderino_]

I noticed Trollgoosens tweeting gambling related shit a lot.

LoL only that Mike tweet maybe one of Doug but for the rest not to often, and when its a good thing, then why not share

Of-course ain't gonna discuss poker with you, 0-value for me in it.....

[bitcoinPsycho]

i think we are heading to 100k now.

So true

[El duderino_]

Sorry moon boys , gotta drop this here , no lambos yet

[El duderino_]

CMC dominance is at 57.2%

And the alt-burning vs BTC is happening, F*** for some of my alts 

[Wexlike]

Who else is waiting for a dip ? 



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[El duderino_]

Btw almost forgot, to say ^ cause of my 6K enthusiasm

Then again I have had a very fun time being here let the price meet Micg post parity fast thx

#this post 8888 is a nice target for BTC

Cheers and damn i'm here a lot, hope you guys can still bear me with being here.

[ivomm]

Who else is waiting for a dip ? 



... 

Gembitz! 6000 weee!

[somac.]

Who else is waiting for a dip ? 



... 

Well yes, mind you I already bought plenty over the last 6 months. Wanting to buy a dip at this time is just a little greed. At 100k we'll all be quite wealthy anyway, some more cheaper coins at this point just means we'll be a little wealthier. A little wealthier is not really necessary.

[Gyrsur]

that is escalating quickly