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

[windjc]

Forget about the bottom, Bitcoin has not even capitulated yet. Damn, I just love people and markets! How everything falls into place on its own. It's magical, unreal even how people fall for the same things over and over again. When I started trading seven years back, I was like no way this going to happen for long. I said to myself, "people are going to learn from this mistake and they'll be prepared the next time" but no, every time I saw the herd making the same mistakes over and over again. I guess markets never run out of suckers. Still, I find this so difficult to believe. Like how can this happen over and over again. Anyway, I digress. People are talking about Bitcoin having bottomed at $3,300 when it has not even capitulated yet.

You know what's perfect? I kept thinking where's the maximum pain scenario. A few weeks passed by and here we have it now. The whales pumped the price straight through $5,800-$6,000 without any hurdle. I'm not the only trader surprised by this. I know seasoned professional traders who did not see that coming. So, what did that do? It inflicted maximum pain on the bears. Imagine being short BTC right now, what would this parabolic move have done to you. It's brutal.

Now let's talk about the bulls. A few long green bars and everybody is all excited again. In fact, so excited that the sentiment has not even been this positive since the last parabolic run of 2017-18. Even the NVT ratio has never been this high in Bitcoin's entire history! Let that sink in for a minute. At a time when all of these indicators are screaming, "Sell, sell, sell" people are unconcerned. Everyone and their cousin is talking about a move to $20,000 or a new ATH by the end of the year. Imagine the maximum pain scenario when these people load up here and then the price falls to $1,800 or $1,200 in the months ahead. Yeah, it's going to be devastating but that's what we need for the trend to reverse. I've been saying this for a while now and those who have been around during 2014-15 can relate. It doesn't feel like this when the price bottoms. It feels like the end of Bitcoin . You are going to see more of "Bitcoin is dead", "the bubble popped" and the "ponzi collapsed". Be on your toes, fellow trader.

I’ve been around since early 2013. The bottom is in.

[El duderino_]

https://youtu.be/q8R71WGO3qU

[Lambie Slayer]

Come on people, 'nance is about to open in 15 mins all being well



now is the time to focus

Time to make it official boyz.


via Imgflip Meme Generator

Ive been pondering a theory on an immaculate conception based on a vision I had(fully backed by science, charts and counting to 9 many times). It could be that this human booty gave birth to a BTCaby BTCull. This could be our Mother Mary full of grace and full of ass.

[Toxic2040]

Imagine the maximum pain scenario when these people load up here and then the price falls to $1,800 or $1,200 in the months ahead. Yeah, it's going to be devastating but that's what we need for the trend to reverse. I've been saying this for a while now and those who have been around during 2014-15 can relate.

I’ve been around since early 2013. The bottom is in.

+1 WOsMerit


btw that chart tells it all..if you would have gotten in 12 weeks ago you'd be finefiner.


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Good afternoon everyone.


Weather changed..feeling a little achy today so I decided to sleep in today and curl up with a book. Think I made the right call. Rain showers and mildly chilly..bleh, the garden however is loving it.




Scraping along the bottom of the cloud, bitcoin is trading at $7.9kish as we get ready to close out Thursday. We have dipped under the 50 day MA as consolidation efforts have ramped up. If support breaks here we will likely see a test of the 200MA support zone at around $7.15k+ or the 0.236 medium fib.

1h


4h


D

[fabiorem]

I’ve been around since early 2013. The bottom is in.

[jonoiv]

https://twitter.com/Josh_Rager/status/1127542528083992576

The image isn't clear to me. Is bitcoin at 2015 fell down before it rallies up? Many scenarios was viewed this way. So I think that this will be the scenario we might see in the coming days.

But a difference is that in then in 2015 and now (2019) there is a halvening event coming up, in about roughly 372 days

https://www.bitcoinblockhalf.com/

Or somthing like this.  I didn't take the exact averages I can't be bothered to work it out, so i took a rough guess.

[El duderino_]

I’ve been around since early 2013. The bottom is in.

Posting an accurate piece of art

[soxxx]

https://twitter.com/Josh_Rager/status/1127542528083992576

The image isn't clear to me. Is bitcoin at 2015 fell down before it rallies up? Many scenarios was viewed this way. So I think that this will be the scenario we might see in the coming days.

But a difference is that in then in 2015 and now (2019) there is a halvening event coming up, in about roughly 372 days

https://www.bitcoinblockhalf.com/

The other difference is the length between the bottom to the rally, in 2015 it bottomed in January and didnt start moving up until September, this time it took 3 1/2 months between December to the beginning of April before the rally began. Also the length from $1.2k to $160 took almost 14 months, the length from $20k to $3.1k was 12 months.

Things are moving faster, so what this tells me, this BEAR/BULL cycle we are in will be somewhere between the 2012 and 2015 cycles, I think we will exceed the percentage that we saw from 1.2k to 20k......

[jonoiv]

https://twitter.com/Josh_Rager/status/1127542528083992576

The image isn't clear to me. Is bitcoin at 2015 fell down before it rallies up? Many scenarios was viewed this way. So I think that this will be the scenario we might see in the coming days.

But a difference is that in then in 2015 and now (2019) there is a halvening event coming up, in about roughly 372 days

https://www.bitcoinblockhalf.com/

The other difference is the length between the bottom to the rally, in 2015 it bottomed in January and didnt start moving up until September, this time it took 3 1/2 months between December to the beginning of April before the rally began. Also the length from $1.2k to $160 took almost 14 months, the length from $20k to $3.1k was 12 months.

Things are moving faster, so what this tells me, this BEAR/BULL cycle we are in will be somewhere between the 2012 and 2015 cycles, I think we will exceed the percentage that we saw from 1.2k to 20k......

Unless what we are witnessing now is the pahse B of an elliot wave, the 2013 bubble to phase B was 6 months.  

Im not saying you're wrong.  Ill try to take part no matter which way it is,  I just don't want to make the wrong decision and be a bag holder for 4 years.

[El duderino_]

Good night WO.

Going for a HODLsleep 😁

Can I see $8,3xx⁺ when I wake up? 🤪

Gonna join this brother and wanna see the same

Goodnight and into HODLstation!!!!!!!

[fillippone]

It said address own 1BTC not the person.

A person can have 100s of BTC in his HD wallet where it's not necessary that any address has to have 1BTC or more. He may have address with 0.99999999BTC in there.

I do agree.
Also the reverse is true: one address can sum the holding of many persons: e.g. exchanges cold wallet.
In the end is a shitty metric either way.

[StartupAnalyst]

Here's an example of a typical BTC hater's way of thinking. 

[Millionero]

Every time I'm standing in line at the gas station or convenience store, and the person in front of me is buying lottery tickets, I'm like You idiot
How can you possibly be throwing that money away on lottery tickets when you could be buying bitcoin!!??

[StartupAnalyst]

Every time I'm standing in line at the gas station or convenience store, and the person in front of me is buying lottery tickets, I'm like You idiot
How can you possibly be throwing that money away on lottery tickets when you could be buying bitcoin!!??

To the great joy of my family, no one buys lottery tickets. I convinced my brothers to buy BTC long ago.

[Febo]

If bull run had not yet started then only point similar to last cycle is that we are right before beartrap. Jully 2015.   But with more days that passes and higher price Bitcoin gets, there is less and less chances for that.

[angel55]

You can't throw a few dollars into bitcoin and become a millionaire like before.  the lottery gives desperate poor people a hope of becoming wealthy.  But the government lotteries are probably rigged anyways.

[Toxic2040]

random doodles

#dyor

D


D w/doubled cloud settings


W


W w/doubled cloud settings

#stronghands

[Gyrsur]

Gold Bar 400 oz =



1 BTC =

[jonoiv]

If bull run had not yet started then only point similar to last cycle is that we are right before beartrap. Jully 2015.   But with more days that passes and higher price Bitcoin gets, there is less and less chances for that.

Fair chance you're right.  Definatley not counted it out

[bones261]

You can't throw a few dollars into bitcoin and become a millionaire like before.  the lottery gives desperate poor people a hope of becoming wealthy.  But the government lotteries are probably rigged anyways.

The lotteries in the US usually have a 50% edge. Perhaps not "rigged," but the expected payout is 9x worse than American Roulette.