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

[cAPSLOCK]

Dominance 66% (not that it means anything but still nice to see alts suffer)

I am especially loving seeing BSV meltdown.  That said, it seems to me the market is favoring some of the more established alts or the ones with actual use cases.

[prophetx]

If btc was to drop to $8k, the others won’t just be sitting still. They will lose four months of gains.


But that talk is premature. $9855 is still a higher low if we bounce.

look at the 3day and weekly… no way this thing is staying above 10k for long.

i’m not so sure as you that the others will lose as much as btc will.

[realr0ach]

I just find stupid using a commodity to store value in an infinite universe, and whose mining until space is quite destructive for the earth, to even worst put it in back under the ground. I find this behavior particularly primitive, and the weight of the stuff, or density value too low to be carried effectively in a shit hit the fan scenario

And there you have it folks.  Paid Jew shill disinformation agent B1tUnl0ck3r is shilling against physical metals and for imaginary, valueless, digital slavery tracking system tokens.  This is about all you need to know for which one you should and shouldn't be involved in.  Anything digital = garbage, fake, valueless, and only exists to serve as a govt tracking system and control grid.  It's not possible to create a decentralized digital currency.  Transaction validators are always designed to centralize and with tokens being non-fungible = permissioned ledger.

[HairyMaclairy]

If btc was to drop to $8k, the others won’t just be sitting still. They will lose four months of gains.


But that talk is premature. $9855 is still a higher low if we bounce.

look at the 3day and weekly… no way this thing is staying above 10k for long.

i’m not so sure as you that the others will lose as much as btc will.

Sure it looks bad now.  But you better be all on the train when it does decide to leave the station otherwise you will end up like jonoiv.  

And all shitcoins eventually go to zero in the great roundabout.  It is just a question of when they get replaced by the next “next Bitcoin”.

[jojo69]

We choose to go to the bottom of the ocean, gentlemen, not because it is easy...but because it is hard.

[HairyMaclairy]

The bottom of the ocean is pretty silty and squishy mate

[realr0ach]

50-day SMA worked as a reliable support line for months now. Getting pretty close right now. Hopefully it will bounce off soon.

https://i.imgur.com/0ZiEHz5.png

Most TA in general is inherently reverse looking, but moving averages are generally the most dumbed down, useless, most reverse looking of all.  Okay, they can be used to smooth out variance in market swings, but that in no way tells you which direction the market is going to go.  It just assumes that "hey, the price used to be high so it must return there", or "hey, the price used to be low so it must return there".  Using moving averages are pratically like flipping a coin.  

Let's assume the "real" price of Bitcoin is $3k-4k and the scammers that own Bitfinex just rigged it up to $13k in a pump and dump scam.  What do moving averages tell you then?  Short duration moving average tells you buying into the middle of a pump and dump scam and losing money is a great deal because the price dipped below the artificial trendline.  Or you could fall back on a longer duration, even more reverse looking moving average that tells you not to buy because the market is artificially too high, but then maybe the Bitfinex scammers rig it upwards 1000x more putting the charts into a new paradigm and you miss out.  The main purpose of the averages is kind of waiting till they're flatlined to asses some type of 'fair value' for a buy and hold strategy because they aren't reallly telling you jack shit about where the market is going otherwise.

[JayJuanGee]

Random question, does anyone have an idea as to what happened to Tim Draper? He is relatively outspoken about Bitcoin and hasn't said anything about it since May. Almost makes me think he sold his coins... I'd think he would say something once BTC passed $10,000 but nothing...

Hey I am NOT responding with any specific knowledge about what happened to Tim Draper, yet I understand that it is healthy to maintain a decent amount of skepticism about whether public folks are good for their word.  

I doubt that any of the BIG players like Draper sell large portions of their coins and play around with the market in a way that you are kind of suggesting.  Surely, they might skim off 5% or 10%, but I would imagine it is not easy getting your hands on a bunch of coins, again  and at the time  that you would like, so it is much easier just to hang onto the vast majority of coins through the volatile periods.

Furthermore, Draper pretty much made various claims about bitcoin going to $250k or whatever the hell it was, so I doubt that he is pumping for some kind of intermediary profit attempts, or even gives too many shits if his holdings might be fluctuating many $10s of millions per day, perhaps even into the $100s of millions per day arena.  I would imagine that he has a decent surplus of coins, too, so needs to figure, from time to time, what kinds of projects, in which he might choose to invest  just to keep himself entertained or as a kind of influencer in the space....  

I better stop while I am ahead, because I was starting to ponder  some speculations about how he might be spending some of his time on lambos, hookers and blow, but perhaps he is bored with that kind of stuff... unlike us newly rich fantasizing about when we become newly filthy rich, we would like to emphasize the filthy, since we are going to be newbies to that part of it, unlike Draper.... hahahaha

[prophetx]

If btc was to drop to $8k, the others won’t just be sitting still. They will lose four months of gains.


But that talk is premature. $9855 is still a higher low if we bounce.

look at the 3day and weekly… no way this thing is staying above 10k for long.

i’m not so sure as you that the others will lose as much as btc will.

Sure it looks bad now.  But you better be all on the train when it does decide to leave the station otherwise you will end up like jonoiv.  

And all shitcoins eventually go to zero in the great roundabout.  It is just a question of when they get replaced by the next “next Bitcoin”.

yea sure eventually all things die, thanks for that insight

[HairyMaclairy]

Seen in a Japanese museum.  You are all old.  





No that’s not my reflection

[JayJuanGee]

Never mind then, you guys can not be helped.

Moving on

Enjoy

You fucking liar (oh, what would I expect?  don't scammers lie on pathological and repetitive basis?).


Vast majority of trolls like you, promise to leave, and never do it... Look at roach.... cannot fucking stop.... and even feel a bit bad for roach, because even roach as a troll shill does not scam to as stupidly high a level as you.....

Anyhow, I will believe your voluntary exit when I see it... most likely any true exit from a degenerate troll/shill/scammer like you would be that you would be banned.... hope springs eternal....  

[JayJuanGee]

LOL.

Your limit buy order for 0.0985 BTC at $10,000.00 from 20 minutes ago has been filled

* BobLawblaw goes back to watching trash TV with Rick

   

Are you copying my incremental buying pattern, you fuck....


Oh wait?  Bawb is buying on the way up and on the way down... in between his other sporadic and unpredictable emotional outbursts, that is not really what I am doing.....    


Carry on.     



By the way, on a side note, I understand that Bawb has been engaging in a decent amount of self-restraint in recent times, so I should not be attempting to stir him up...   I might be a victim of boredom, too..... 

[Negotiation]

Never mind then, you guys can not be helped.

Moving on

Enjoy

You fucking liar (oh, what would I expect?  don't scammers lie on pathological and repetitive basis?).


Vast majority of trolls like you, promise to leave, and never do it... Look at roach.... cannot fucking stop.... and even feel a bit bad for roach, because even roach as a troll shill does not scam to as stupidly high a level as you.....

Anyhow, I will believe your voluntary exit when I see it... most likely any true exit from a degenerate troll/shill/scammer like you would be that you would be banned.... hope springs eternal....  

Exactly current answer  

[jojo69]

good god

nightmare on alt street

[JayJuanGee]

hemorrhaging has slowed for now but unsure where and when it might stop  

1h


4h


D

#dyor

If the alts are any indicator this ship is going to sink hard

Get a fucking grip, prophetx, bitcoin is the dog, not the tail... You dumb fuck.

In other words, alts are the tail, not the dog,  You dumb fuck....

 Do I need to sic batman on you?

[infofront]

good god

nightmare on alt street

Yeah it's pretty bad out there.

[JayJuanGee]

without opining on post-halving/halvening course, it would be interesting if 2019 is a mini-me of 2013.

13.8K would represent a first peak (342% up)
6.6K-9K and in any case less than 73% (50-73% most likely) decline would represent the equivalent of the 2013 summer doldrums.
The second leg up: from, say, $8.4K to 28.7K or from 6.6K to 22.57K or from 9K to 30.8K (the latter two map the outlier marks of the destination).
Explanation: I chose percentages of the upside in the second leg to be the same as the first leg (as they were similar between two 'legs' in 2013 as well).

Even though we might be able to have two peaks, y0our comparison does not even seem close to me, unless either you:  1) count the first 2013 peak as the 2017 $19,666, then that would mean that the next peak is to come or 2) this $13,880 cannot be a peak except to be a kind of late 2015 peak of $504, which is just an intermediate stage, but anyhow under a second "two peaks theory" then the two peaks would still be to come, so maybe we would have a peak this year and another one next year, but the peaks still have to each be ATHs like they were in 2013... so anyhow, I am getting all screwed in the head merely attempting to rebutt your $13,880 peak theory because $13,880 is no kind of meaningful peak, its just an intermediate stop, like a baby peak (or a baby bullhorn spouting out of its little head before dee bull grows UPpity)

If you forget about the 19780 peak (for the sake of an argument) and focus on the $3122 low as the new bull market start, then $13.8K is a first local peak of the two-peak hypothesis and $22.57K-30.8K peak would be the second one. There is no rule that the first local peak of any move HAS to be above ATH.
BTW, it is not clear yet if $13.8K is a short term stop or a medium term (few months) peak.

I still stand by my previous post.

You can neither assume away the most important context, which is the $19,666 peak form late 2017 nor can you suggest that the fact that $13,880 is not an ATH is not a relevant consideration.  Snap into reality and deal with the real and certainly relevant facts, Biodom.   



Makes little sense to make a scenario that does not account for real and materially important contextual components that likely underly BTC price drives and current ongoing BTC price dynamics.

[realr0ach]

good god

nightmare on alt street

I think somebody like Rothschild said the main purpose of the stock market is to suck up all the valueless fiat and have people chasing casino parlor games with the money instead of causing hyperinflation by dumping it all for actual real goods or commodities.  There's a valid comparison in there somewhere between Bitcoin and the other 5 billion craptocurrencies.

[JayJuanGee]

hemorrhaging has slowed for now but unsure where and when it might stop  

1h


4h


D

#dyor

If the alts are any indicator this ship is going to sink hard

Alts always bleed more than BTC, they never really had a big boost like BTC did since the 3k pump as well. I wouldn't worry about alts being any indicator for now.

That’s not accurate at all. This pump was led first by alts.

Alts don't lead shit in this market, you dumb fuck.

Merely because an alt or two might run to the front of an already moving mob and label themselves as the leader of the group does not make the ones in front to be the leader... get a grip.

Eth went from 83 to 363 and Ltc from 23 to 146.. Eth went up almost exactly the same multiple as Btc and ltc even more. These have been in lock step with each other and now for some reason Btc is floating in the air at 10k while the others look like they just gave up 2 months of gains.

I won’t be surprised to see Btc head below 8k to join the rest..

Focus prophetx..... focus....   You seem to be unable or unwilling to recognize the difference between correlation and causation.

[realr0ach]

This man has surpassed even Migoossens and JayJuanGee in terms of delusional, digital scamcoiners: