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

[Biodom]

A wild theory: btc is being held below 8K so Van Eck ETF would be slightly below $200000/share once approved.
This would allow a nice appreciation from the get go to exceed the stock market price flagship (BRK-A) at $306355.
Nah...I don't really believe this, but I do think that the approval or move toward approval is 50:50 this time around (at least definitely higher than 10:90).

I think that it is higher than 10:90 too, but 50:50?  Do you really believe that is the approval likelihood?  And if a large number of others believe that the probability that the odds, this time, are 50:50, then that would give further explanation to BTC's current bullish posture... Personally, I don't believe that people (let's say "smart money") believes that an ETF has anywhere near 50:50 odds of approval...,, even if they believe the odds are becoming higher than 10:90.

Some unknown, but substantial probability, hence we popped 1000 points straight up as we approach the date.
If not, i can see us losing 500-800 points easily.
I wouldn't suggest going 100X or even 5X in any direction, lol.

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[rebal15]

You guys think we will ever see BCash @$4k again within any bullrun? I feel like I lost a fortune by not selling @4k and kept that scam hodling.

Yes, we can
https://www.coindesk.com/coinlabs-mt-gox-claim-may-hold-up-payouts-for-another-2-years
"Coinlab’s claim"
Bitcoin gold is also a fork of Bitcoin but ....

The fuck does that have to do with Bcash going to 4k?

https://www.coindesk.com/mt-gox-has-sold-170-million-in-btc-and-bch-since-march
Have they sold all BCH or not?

[HairyMaclairy]

[JayJuanGee]

Congrats... 3 or 4 obvious trolls / alt accounts of roach and... you, the only one being serious here and meaning what he says. I guess that makes you the village idiot.

I disagree about those new accounts being roach alts. It's probably just emulation.
I do agree about the village idiot bit, though.

While I disagree with roach in regards to bitcoin being a scam, I do enjoy alternate perspectives. How can you learn anything by simply ignoring someone you don’t agree with? Sounds like a fair few liberals in here who get triggered.

I do agree with roachs view on women and I worry for microgoosens future with a woman who has had such a promiscuous past.

If you had not noticed, you are new to this thread... as far as your (2) post count is concerned.

Maybe you could at least build some on-topic credibility before chiming in about off-topic irrelevant bullshit?

You seemed to have heard about this lil thingie-ma-jiggie called bitcoin, and maybe you lose additional credibility if you believe that roach has any insight into bitcoin... especially since he seems to be  no coiner since about $700  -evn though from time to time he also tries to hang with the gang, by making some retroactive assertions that he had owned some bitcoins at prices above $700, which is also highly doubtful.

Regarding bitcoin being a scam, I might be afraid to ask about your likely ill-informed thoughts about that?   Are you getting bitcoin mixed up with shitcoins?  Do you realize that there is a difference?  Do you actually understand what bitcoin is? Or are you as wilfully ignorant about bitcoin as the roach that you want to defend seems to be?

 See BTC's current price movement, as I type, seems to be surpassing $8,200  - bullish?  No?    You think that it is a bulltrap?   

If you are coming out swinging about defending roach and spouting out other irrelevances, I really doubt that you have anything meaningful to say about bitcoin, but surely if you can back up what you say, I am more than willing to be proven wrong.  I am willing to give troll/shills at least one chance to recoup from their bad first impressions, which is your current tentative category.

[JayJuanGee]

$9k soon!?

Within two weeks, IMO.

Let it be then 😇

A close above $8200 on the daily/weekly would be very bullish and would target $9600+


https://twitter.com/Josh_Rager/status/1129961871082164225?ref_src=twsrc%5Etfw

By the way, as I type, the daily/ weekly is about to close in 1 hour... and surely looks like we are getting high closing numbers for this week, which is going to make it much more difficult to have another green candle next week.  No?

[Sellman]

By the way, as I type, the daily/ weekly is about to close in 1 hour... and surely looks like we are getting high closing numbers for this week, which is going to make it much more difficult to have another green candle next week.  No?

This is why I have a feeling that Bitcoin might retest the $9600 point and if it successful hit this point, bitcoin might flash rise to around $10000 before dropping back as corrections. As you pointed out, coming hours and days are very important to identify the next short-term movements of bitcoin. Let's see what happen in the next 24 hours.

Bitcoin moves up and down as a ladder-pattern. Once again, Bitcoin fastly moves above $8000 after its correction to below $7000 days ago. What's next station for bitcoin during this bull run? I guess that in best scenario, when bitcoin gets enough support and momentum, it might moves up around 20 percent from its current price. That means bitcoin might reach somewhere around $9600 or even higher a little bit. Retest the resistance around $10000, why not?

[Raja_MBZ]

Almost at a new yearly high!

Where are all the Vegeta memes & fireworks?

[Toxic2040]

Almost at a new yearly high!

Where are all the Vegeta memes & fireworks?

[HairyMaclairy]

I don’t want to get ahead of ourselves, but there’s something pretty important from a TA perspective that would happen a bit above $10k if we reached that

[yefi]

I don’t want to get ahead of ourselves, but there’s something pretty important from a TA perspective that would happen a bit above $10k if we reached that

Hmm, what be that Hairy? I have the 50% fib on my radar, but that's above $11K.

[HairyMaclairy]

I don’t want to jinx it.  But I’m excited about it 

[JayJuanGee]

current quarter ranks as the 2nd highest quarterly gain since 2014 and the 7th highest quarterly gain all-time


https://twitter.com/CarpeNoctom/status/1130210275469266944

Isn't this counting eggs before they hatch?

We are barely half way through the 2nd quarter.  In other words, we have nearly 6 weeks to go? 

BIG question about whether these kinds of prices will hold through this quarter (for another 6 weeks). 

You won't find me complaining either if these prices hold or they go higher by the end of June, but you will find me complaining about assertions that are premature.   

[bones261]

Almost at a new yearly high!

Where are all the Vegeta memes & fireworks?

Well, I hear that it was originally 8000 for Vegeta. Here you go, a compilation of memes. Enjoy.

[Raja_MBZ]

Almost at a new yearly high!

Where are all the Vegeta memes & fireworks?

Well, I hear that it was originally 8000 for Vegeta. Here you go, a compilation of memes. Enjoy.

Much better.

Now we can continue with the pump!

P.S. Take my last sMerit for your precious work!

[Last of the V8s]

It wouldn't be just TA. Getting above 10k anytime soon would bring a fresh round of bullish news stories and newbies fomoing.

[JayJuanGee]

Consolidation in the $7.9k range continues to solidify our base of support for $8k and possibly further GAINZ towards the Vegeta arena.  

Increasing volatility is likely after the closing of the weekly candle.

Trading disclosure - closed all my positions, play stash yield 6%. That's a low figure. I could have made ~15% with volatility like this, but this time I've been playing it safe, never allowing my short leg to reach liquidatable leverage. I've overshot that threshold a little with the long at times, but even my long liquidation price never went below 3200.

Now the profits go to cold storage, and I'm ready for another round.

Stacking sats seems to be in fashion, which also seems to be causing some upwards BTC price pressures, in recent times.  Sure, we are talking slightly more than 6 weeks of pretty decent ongoing upwards price pressures... in spite of our little downward blib from 3 days ago.

[lightfoot]

I don’t want to get ahead of ourselves, but there’s something pretty important from a TA perspective that would happen a bit above $10k if we reached that

At 10k the world will have a serious shortage of Lambos.

[bones261]

Much better.

Now we can continue with the pump!

P.S. Take my last sMerit for your precious work!

You now have another one to give to someone else.   Surprisingly, my source merit is running low. It appears 30 days ago, I had the flu, so I wan't giving out many merits while I was ill. Therefore, I will have to wait a couple of days until the my souce merit starts replenishing again at a decent rate. Also, it appears that I cannot give Toxic2040 any more merit for his charts for a couple of days. The forum will not let me since I already gave him 50 in the last 30 days.  

[JayJuanGee]

If it was me or r0ach .....

wanna be butt buddies....... "oh roachie poachie"

[Toxic2040]

Much better.

Now we can continue with the pump!

P.S. Take my last sMerit for your precious work!

You now have another one to give to someone else.   Surprisingly, my source merit is running low. It appears 30 days ago, I had the flu, so I wan't giving out many merits while I was ill. Therefore, I will have to wait a couple of days until the my souce merit starts replenishing again at a decent rate. Also, it appears that I cannot give Toxic2040 any more merit for his charts for a couple of days. The forum will not let me since I already gave him 50 in the last 30 days.