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

[toknormal]

lol

anybody use WhatsApp?

[Lambie Slayer]

If (and I stress the if here) this pump caused by the panic to trade tether for and withdraw Bitcoins from Bitfinex causing a big premium and dragging the other exchanges up in price along with Bitfinex, then..... it might stand to reason that now that the premium is on the other exchanges and the news is out that they secured 1 billion to back tether, then we can expect the dump to take place as Bitfinex this time drags every exchange down until the premium is gone.

Im more of the opinion that Bitfinex merely sparked the pump and then it took a life of its own due to fortunate timing, however that would mean they could just as easily spark the dump and the dump could take a life of its own taking us back to 6, 5, or even 4k ranges(with 5 being most likely imo if we go into full on dump mode).

[somac.]

In light of the Whatsapp incident, and the millions of privacy issues with phones. let me plug these guys.

https://puri.sm/products/librem-5/

Any privacy conscious bitcoiner (who will soon have plenty of disposable cash) should be buying this as their next phone.

[HairyMaclairy]

I hope that is not meant to be TA, because if so that is the stupidest shit I have ever seen.

Looks like a teeter totter to me

Bearish engulfing candle on the 2 hour as just after it attempted this trend line.  6k in a couple days imo

1.  No one cares about the 2hr

2.  Don’t count your candles before they close

3.  A single candle means nothing without follow through.

[ryap12]

If (and I stress the if here) this pump caused by the panic to trade tether for and withdraw Bitcoins from Bitfinex causing a big premium and dragging the other exchanges up in price along with Bitfinex, then..... it might stand to reason that now that the premium is on the other exchanges and the news is out that they secured 1 billion to back tether, then we can expect the dump to take place as Bitfinex this time drags every exchange down until the premium is gone.

Im more of the opinion that Bitfinex merely sparked the pump and then it took a life of its own due to fortunate timing, however that would mean they could just as easily spark the dump and the dump could take a life of its own taking us back to 6, 5, or even 4k ranges(with 5 being most likely imo if we go into full on dump mode).

Hi! May I know where you got the info that Tether triggered all this? I want to check and review myself if you could give me some source. I thought the market is going up because of people investing back to cryptocurrency. I hope this continue to rise so the market gets to attract more people into crypto.

[Lauda]

I can say one thing at this time, finding large OTC sellers is currently impossible and the buyer queue keeps growing.

Source?  

I mean, they would be dumb to sell, but can we back that up?

I'm the source on this one. Knocked at many doors, can't find a seller for someone who is looking around. I'm actually surprised that we aren't mooning even harder given this demand.

[RivAngE]

Finally some movement in price after so long this is really good and hope this will continue in next days or weeks to come.

Don't get distracted by "the next days or weeks" though, focus more on the "next years".
I believe this pump is at least 50% artificial, I see a lot of TetherUSD trading and I don't trust this thing. There's also the FUD for the trade-war which is causing investors to turn away from the stock market and maybe at some level away from fiat too.

I don't think the trade-war fears will last and when things seem to be getting better, some investors will at least take some profit from BTC and return some cash to the stock market. This alongside the suspicious TetherUSD trading makes me nervous about the sustainability of the pump.
Well, maybe FOMO will trample upon everything in the end! I'm fine with either direction in the short-term.

[fillippone]

When the finger is fatter than the FOMO:



This is going to be the LOL of the day..

[Lambie Slayer]

If (and I stress the if here) this pump caused by the panic to trade tether for and withdraw Bitcoins from Bitfinex causing a big premium and dragging the other exchanges up in price along with Bitfinex, then..... it might stand to reason that now that the premium is on the other exchanges and the news is out that they secured 1 billion to back tether, then we can expect the dump to take place as Bitfinex this time drags every exchange down until the premium is gone.

Im more of the opinion that Bitfinex merely sparked the pump and then it took a life of its own due to fortunate timing, however that would mean they could just as easily spark the dump and the dump could take a life of its own taking us back to 6, 5, or even 4k ranges(with 5 being most likely imo if we go into full on dump mode).

Hi! May I know where you got the info that Tether triggered all this? I want to check and review myself if you could give me some source. I thought the market is going up because of people investing back to cryptocurrency. I hope this continue to rise so the market gets to attract more people into crypto.

Hello. Do you remember when Bitfinex had a bank run as demonstrated by its cold wallets? Tether holders were in a panic and trading for Bitcoin to exit Bitfinex. There is not so much one source as it was pehaps the main story in Crypto for weeks and widely reported on by many sources. The premium for Bitfinex Bitcoins was pretty large at one point and proof that people were scared and willing to pay a high price to exit Tether and Bitfinex. Its highly likely this forced buying at least started the pump, the question is how much of it was forced buying and if and when did natural buying forces take over. Was tether the match, or was it the match and the burning house. What happens next will give us some clues.

[jonoiv]

I hope that is not meant to be TA, because if so that is the stupidest shit I have ever seen.

Looks like a teeter totter to me

Bearish engulfing candle on the 2 hour as just after it attempted this trend line.  6k in a couple days imo

1.  No one cares about the 2hr

2.  Don’t count your candles before they close

3.  A single candle means nothing without follow through.

If you want long term indicators what about the 1 week RSI being at 77.5.  In the whole history of bitcoin it's never been that high without a major retrace.   6500 minimum.    As much as it looks buoyant right now that will not last too long.  It's massivly over brought based on lies atm

edit:  i meant over brought

[Paashaas]

Trading volume over $100B.

$10k this weekend.

[RivAngE]

If (and I stress the if here) this pump caused by the panic to trade tether for and withdraw Bitcoins from Bitfinex causing a big premium and dragging the other exchanges up in price along with Bitfinex, then..... it might stand to reason that now that the premium is on the other exchanges and the news is out that they secured 1 billion to back tether, then we can expect the dump to take place as Bitfinex this time drags every exchange down until the premium is gone.

Im more of the opinion that Bitfinex merely sparked the pump and then it took a life of its own due to fortunate timing, however that would mean they could just as easily spark the dump and the dump could take a life of its own taking us back to 6, 5, or even 4k ranges(with 5 being most likely imo if we go into full on dump mode).

Hi! May I know where you got the info that Tether triggered all this? I want to check and review myself if you could give me some source. I thought the market is going up because of people investing back to cryptocurrency. I hope this continue to rise so the market gets to attract more people into crypto.

I'm using this site to see where the volume is,
https://coinlib.io/global-crypto-charts#money_flow

And here you can read articles about the subject,
https://www.coindesk.com/tag/tether

[El duderino_]

Almost      (148 new replies)

[El duderino_]

One Question

when 5-digits

When 12344? (or was it 12688 or smth?)

12288$ (@that time 10K €....)


Yeah time to update those lists, pffffffff where are they again, deep surge, or does anyone got them close

And why never put in something yourself?

Or do I need to make a Bcash game (F*** only one player, you would always win)

[Gyrsur]

Almost      (148 new replies)

I expect a denial of service of bitcointalk.org soon. 

[ProfTP]

its still quite in the media about this recent rise.

People are unaware about the recovery, we still have room to grow

[toknormal]

If you want long term indicators what about the 1 week RSI being at 77.5.  In the whole history of bitcoin it's never been that high without a major retrace.   6500 minimum.    As much as it looks buoyant right now that will not last too long.  It's massivly over brought based on lies atm

edit:  i meant over brought

Long range RSI was above 77 for most of the year prior to the December 2017 top. It was also above it back in June 2016 and in fact only dipped below 70 from July to October 2016.

It was at 90 when the bitcoin price was still below $1000.

Depends what chart range you look at. Quoting any indicator is meaningless without a qualifying chart range - it can show one trend at one range and a completely different value (and trend) at another.

[jonoiv]

If you want long term indicators what about the 1 week RSI being at 77.5.  In the whole history of bitcoin it's never been that high without a major retrace.   6500 minimum.    As much as it looks buoyant right now that will not last too long.  It's massivly over brought based on lies atm

edit:  i meant over brought

Long range RSI was above 77 for most of the year prior to the December 2017 top. It was also above it back in June 2016 and in fact only dipped below 70 from July to October 2016.

It was at 90 when the bitcoin price was still below $1000.

Depends what chart range you look at. Quoting any indicator is meaningless without a qualifying chart range - it can show one trend at one range and a completely different value (and trend) at another.

Please stop talking shit


SInce 2011

[jonoiv]

Bearish engulfing candle on the 2 hour as just after it attempted this trend line.  6k in a couple days imo

1.  No one cares about the 2hr

2.  Don’t count your candles before they close

3.  A single candle means nothing without follow through.

Candle closed,  it's bearish

[somac.]

If you want long term indicators what about the 1 week RSI being at 77.5.  In the whole history of bitcoin it's never been that high without a major retrace.   6500 minimum.    As much as it looks buoyant right now that will not last too long.  It's massivly over brought based on lies atm

edit:  i meant over brought

Long range RSI was above 77 for most of the year prior to the December 2017 top. It was also above it back in June 2016 and in fact only dipped below 70 from July to October 2016.

It was at 90 when the bitcoin price was still below $1000.

Depends what chart range you look at. Quoting any indicator is meaningless without a qualifying chart range - it can show one trend at one range and a completely different value (and trend) at another.

Please stop talking shit


SInce 2011

Major downtrend??? you kidding right? the only downtrend is after the 2013 and 2017 highs all the ones before that are corrections. Corrections are normal and honestly what is needed at the moment.