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

[HairyMaclairy]

Do time and day of this bull run tell us anything about the most likely immediate cause?

It looks like the price has been drifting up slowing until it hit 6k, which then moved into a feedback loop of short position liquidation and day trader FOMO. At some point all the short sellers will be dead and then the FOMO will flip.

Without paying a lot of attention, to me it seems the price drifts and then rallies strongly before the candle closes which is consistent with US evening trading.  

Combined with Coinbase price leadership, makes me think this is a US retail led rally.  Genuine organic demand.

[Arriemoller]

2-2-10-4

404 locomotive configuration not found

Yeah, that is one weird configuration, it would be a cool fantasy locomotive to have on the H0 setup though.
But it would derail on most curves unfortunately.

[Arriemoller]

Is anyone else bored? I'm bored.

No you are just sober, your body will adjust.

[AlcoHoDL]

2-2-10-4

404 locomotive configuration not found

Yeah, it's obviously a computer-generated image. You can see the polygons on many objects, and also repeating patterns on the rusted rails, etc.

But, what do those numbers you posted (2-2-10-4) mean? Just curious...

[jojo69]

well now

that was a rather profitable break from the internet

also, hmmmmmmm

[jojo69]

But, what do those numbers you posted (2-2-10-4) mean? Just curious...

https://en.wikipedia.org/wiki/Whyte_notation

[VB1001]

https://twitter.com/woonomic/status/1127360024987164672

Good morning, WO,s

A little confused now, convinced that the work to overcome the $7,200 would take a few days, the BTCoy is in a hurry.

[Arriemoller]

Bear hunt?

That hadn't occurred to me. I was expecting to smack into an elk and die trundling up there. I might change my plans now.

Nah, I read somewhere that the elks have actually learned to stay away from cars, except for horny bulls, you are much more likely to die hitting a reindeer.
Horny bull crossing the road https://www.aftonbladet.se/nyheter/a/jPkKpb/har-kor-hon-rakt-pa-algen

But they do still cross the road every now and then. https://www.youtube.com/watch?v=log6-LITlR8

[Phil_S]

[infofront]

Supreme King Uberbear Tyler Jenks issues first Bitcoin buy recommendation in 17 months:



https://twitter.com/LucidInvestment/status/1127250971053129728

[HairyMaclairy]

Ah yes.  Green shoots. 

[VB1001]

Lol, there's no time to comment on a price, before you finish you have another one higher.

THX, BTC !!!

[Phil_S]

Do time and day of this bull run tell us anything about the most likely immediate cause?

I don't think so... If we look at the 1h interval, it's just steady rise. Around the clock. And on the weekend too.

[jonoiv]

Calling that the top!   at least for now

[nanobtc]

Slashdot, with it's usual BTC snark, a story about Elwar and "his boat".   https://yro.slashdot.org/story/19/05/11/2237252/bitcoin-trading-seasteader-now-on-the-run-for-his-life

[Wolf Rainer]

$7500.

[PaivanTreidi]

Calling that the top!   at least for now

Dunno man. 7.5k on stamp

[HairyMaclairy]

That’s a higher high

Lol, there's no time to comment on a price, before you finish you have another one higher.

THX, BTC !!!

I snapshotted $7470 and had to immediately snap shot $7500 three seconds later....

[HairyMaclairy]

Stamp leading Bitfinex by $140...

[VB1001]