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

[JSRAW]

We return to 4 digits, what is the problem? crisis, recession, political tensions, it doesn't matter

BTC is here to stay, if for you 4 digits is cheap, buy.

Economy moving little slow but no major crisis or recession coming soon on my side of the world. and political tensions here are cute so we are used to it.

What matter most is cheap corn atm and one should take advantage when market is showing some kind of fear or greed. so yes right now buy the dip according to pockets, its worth it.

[serveria.com]

Sorry to interrupt, but can someone please let me know if I should be panicking at this point, because, TBH, I'm seriously, SERIOUSLY thinking of just tuning out anything Bitcoin related until after the halvening and just focus on IRL stuff for a while.

Think I'm finally finding a good IRL routine that is keeping me somewhat entertained and productive. Starting to really get the hang of this retirement thing.

Watching Bitcoin tank like it is, just makes me sad. I don't need it until 2021-ish anyway...

Bah. Someone hold me. No homo.

Here Bob, take my hand! And lemme give u a hug. No homo.

[zhekinsp]

People held from $20k to $3k but somehow shitting in their pants after a $1k a $2k dump..

We need to stay realistic the price went up with $10k, what we see now is a mini bear market beeing played out.

Greedy people,because we can see huge price bump in few months but when we see a small dump then people will starts to question about bitcoin and bubble story also will come into play soon.

[Lambie Slayer]

So we are on pace to soon be testing the very low 9ks for the third time in a month.

I dont see any special reason why 9k will hold. I want to see some serious volume to convince me otherwise.

We can go to 7-8k and easily still consider ourselves to be in a very bullish scenario. We all remember how 2015 gave away big gains several times only to finish the year very strong.

Tons of support around 8k. If we make it that low and get some mega volume along with a green dildo then I think we set ourselves up nicely for a beautiful finish to 2019.

[hd49728]

Here is another interesting observation:


The moment Mayer Multiple reached just above 2.4, it started to go down.

Amazing.

So, $14k was in a mini bubble territory and the bears didn't miss that one. Sniped it right away. $7.5k looks like a good buy.

edit: Also see the previous 2.4 rejections in 2017. Happened twice before the big boom. That's even more interesting.

Any update on Mayer Multiple indicator, for today? Has it fallen closely to 1.2?

[fillippone]

I need a good laugh on this 4 digits again day.

Hi, fillippone,

I hope that bear wants only to hug me, and not to maul me.

[HairyMaclairy]

So we are on pace to soon be testing the very low 9ks for the third time in a month.

I dont see any special reason why 9k will hold. I want to see some serious volume to convince me otherwise.

We can go to 7-8k and easily still consider ourselves to be in a very bullish scenario. We all remember how 2015 gave away big gains several times only to finish the year very strong.

Tons of support around 8k. If we make it that low and get some mega volume along with a green dildo then I think we set ourselves up nicely for a beautiful finish to 2019.

A huge volume spike would sure be nice.  But remember, accumulation doesn’t show volume spikes.

[VB1001]

Any update on Mayer Multiple indicator, for today? Has it fallen closely to 1.2?

https://mayermultiple.info/

[VB1001]

<...>

When Legendary, HM?

[hd49728]

Any update on Mayer Multiple indicator, for today? Has it fallen closely to 1.2?

https://mayermultiple.info/

Amazing. I did not know a site from which I can get this indicator, for free. Trading View does not provide it for free. Much appreciated the site you shared.

[El duderino_]

<...>

When Legendary, HM?

Activity between 775 and 1350 ....

Its random

I was lucky

[600watt]

advanced paper wallet from the austrian state printing house: https://www.chainlock.com/?lang=en

austrian state printing btc?!?! 

 

[Bossian]

Overreactions everywhere. It's a big drop but nothing worth panicking. We've seen much worse.
It may even bounce back around $ 9k.

[600watt]

well folks tough times.

we went almost to $14k, straight out of polar bear market to the tropical beaches of joy. when the rise started to weaken end of june we had dark doom voices whispering about an 80% correction like to sub $3k.

imho those price movements get more violent as we are about to enter another mega bull next year. what is behind us was the parabola to get us out of the bear just as in nov 2015, when price shot over $500. it took 6 months to recover from the collapse of that parabola, eventhough it was sort of staying at the upper boundaries back than.  

i am not concerned. btc dominance looks great. shitcoins die. fundamentals look great. we will go over 10k for good in november this year.

[JSRAW]

Central Banks Worldwide Testing Their Own Digital Currencies

Central banks worldwide are examining the possibility of issuing a central bank digital currency (CBDC), with some already testing theirs for different uses. Countries that have advanced their digital currency projects include China, Singapore, Canada, the Bahamas, Thailand, Uruguay, and Sweden. India has also included the digital rupee in the country’s draft cryptocurrency bill.

China’s CBDC Is ‘Almost Ready’
The most recent country to claim that its CBDC is near completion is China. According to media reports, The People’s Bank of China (PBOC) is “almost ready” to issue the country’s own sovereign digital currency. This was revealed at a forum held in the northern Chinese province of Heilongjiang on Aug. 10 by Mu Changchun, deputy director of the PBOC’s payments department.

[mindrust]

https://www.tradingview.com/chart/BTCUSD/3l1JOd99-Wedge/

The next 24 hours is extremely critical. Go down and say hello to $7.5k, we better jump up now.

edit: mini jump from 9.5k to 9.8k. I just bought before the jump another $100  

[JSRAW]

^Jump up means?

Buy now or wait ?

[VB1001]

<...>

When Legendary, HM?

Activity between 775 and 1350 ....

Its random

I was lucky

I had read about this, it is random, but its day (activity number) to become legendary is preset the day you register in the forum.

edit:

Info here:

theymos  Activity & new membergroup limits  https://bitcointalk.org/index.php?topic=237597.msg8298386#msg8298386

[mindrust]

^Jump up means?

Opposite of jump down.

Buy now or wait ?

HODL & Buy as always. Now you get to get more satoshis.

*I want this.
https://old.reddit.com/r/Bitcoin/comments/cqhyhr/new_tattoo_skin_in_the_game/

[ivomm]

This is really sad for all these people that dump as if there will be no tomorrow. I can understand if some whales/hackers had to sell tens of thousands of coins for some reason, but I can't understand those who are led by emotions and lose much in a matter of hours. The 4/6 hour RSI has never been that low... may be when they dumped from 6400 to 3100. Anyway, I initiated a small $300 transfer to an exchange a little bit ahead of the plan. After 2 weeks I will be able to buy coins with another $800. I won't need money until 2021 at least, so this is another good opportunity to increase my stash. And I can wait much longer if that is necessary to get at least 10x profit.