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

[BitcoinGirl.Club]

I don’t want to see sub $9,000. I know you can always use every situation as a positive & you can buy cheap coins but $8,xxx seems too close to slipping back into the bear market.

Do you think it is looking bad?



According to this vWAP we should move up in any moment.

[BitcoinGirl.Club]

And this is still above the vWAP line.



I am confident that we are good.

[aesma]

Man, what a roller coaster ! I finally bought back with a profit, going from 70% cash to 80% BTC, after 2 weeks sweating, so I won't make such big trades again.

[rebal15]

so every time binance make maintenance, price changes a lot. I really think that binance is a big player and have a connection with this dump

Considering Tweets of the desperate CZ, I think Binamce has relation with the pump from $7800.

[BitcoinGirl.Club]

Man, what a roller coaster ! I finally bought back with a profit, going from 70% cash to 80% BTC, after 2 weeks sweating, so I won't make such big trades again.

You mean you took the risk to sell your BTC expecting that the price will go down? Crazy 🤪

[_javi_]

Looking at 1D chart, i see we pierced MA100. That happened before in 2017 during THE bullrun. (16 July @2000usd and then 14 Sept  @3200usd) And we all know how that ended  

Corrections are ok (even i still cant find them "healthy")

If we include the external factors coming up these weeks/months, i can only expect a similar, or even more violent rise.

[hd49728]

I don’t want to see sub $9,000. I know you can always use every situation as a positive & you can buy cheap coins but $8,xxx seems too close to slipping back into the bear market.

Do you think it is looking bad?



According to this vWAP we should move up in any moment.

It is not too bad because who bought at dip can enjoy the bounce back and significant profits. However, I don't think bitcoin has already finished its correction. In my forecast, bitcoin will have to witness the last round of dip to finish its correction. When it finishes, it will rocket up, and we will never see bitcoin in the range below $14000.

[aesma]

Man, what a roller coaster ! I finally bought back with a profit, going from 70% cash to 80% BTC, after 2 weeks sweating, so I won't make such big trades again.

You mean you took the risk to sell your BTC expecting that the price will go down? Crazy 🤪

Yes. It's the only way to grow my stash, but I didn't do it right, I should have done smaller trades.

[JimboToronto]

Good morning Bitcoinland.

We're back to the battle for $10k I see... currently $10038USD/$13375CAD (Bitcoinaverage).

The doldrums of summer continue. Don't worry, autumn is just around the corner.

[BitcoinGirl.Club]

Yes. It's the only way to grow my stash, but I didn't do it right, I should have done smaller trades.

Good lord. Happy that you recovered.

[bkbirge]

It can stay like this for years as far as I'm concerned. I'll DCA all the way.


News...
https://cointelegraph.com/news/time-for-plan-says-vaneck-exec-as-negative-yield-bonds-hit-27

I think this is nothing more than a blip...
https://cointelegraph.com/news/3b-ponzi-scheme-is-now-allegedly-dumping-bitcoin-by-the-hundreds

Given how China has captured the core group behind the scheme, and China's law enforcement history I'm expecting they'll get death.

[BitcoinGirl.Club]

It is not too bad because who bought at dip can enjoy the bounce back and significant profits. However, I don't think bitcoin has already finished its correction. In my forecast, bitcoin will have to witness the last round of dip to finish its correction. When it finishes, it will rocket up, and we will never see bitcoin in the range below $14000.

How deep you think we can go from here. Correction is always healthy. Never seeing below $14k will be awesome to see however nothing is certain in Bitcoin.

[hd49728]

How deep you think we can go from here. Correction is always healthy. Never seeing below $14k will be awesome to see however nothing is certain in Bitcoin.

Around $8000, then boom, we will never see bitcoin stay below $14000.

[jojo69]

Jays in Seattle next week Jimbo.

Always a good time.

[BitcoinGirl.Club]

Around $8000, then boom, we will never see bitcoin stay below $14000.

I sometimes bang my head against the wall and say myself why don't I take technical analysis very seriously. I need to focus on learning it 🤪

[Hueristic]

Fair enough point, but I still would be hesitant to put all my eggs in one basket, no matter what my age. 

Or basket.

[jojo69]

coincidence??

 

I think not

[BitcoinGirl.Club]

coincidence??

 

I think not

You mean the left one was also under plastic surgery? 🤪

I do not think so.

[Hueristic]

HM, it looks like short term massive decline in bond's yield is cratering the stock market which, in turn, is affecting btc (negatively).
Gold/silver are outperforming, but probably not for too long (short term).
SP500 at 2150-2350 by October? BTW, SP500 is now marginally negative on a 1 year chart.

https://www.tradingview.com/chart/SPX/EsLWA86X-SPX-Top-Date-Coming-2-Sentiment-Low-Free-Market-Timing-Video/

TL;DR If SP500 crashes, bitcoin will go down with it. Then, hopefully, a re-bounce.

I don 't like when BTC follows S&P. Neither if gold follows S&P. It would mean we also run on QE fuel. It should be inverse to S&P... .

Agree, wtf. why people are acting like this is normal?

HM, it looks like short term massive decline in bond's yield is cratering the stock market which, in turn, is affecting btc (negatively).
Gold/silver are outperforming, but probably not for too long (short term).
SP500 at 2150-2350 by October? BTW, SP500 is now marginally negative on a 1 year chart.

https://www.tradingview.com/chart/SPX/EsLWA86X-SPX-Top-Date-Coming-2-Sentiment-Low-Free-Market-Timing-Video/

TL;DR If SP500 crashes, bitcoin will go down with it. Then, hopefully, a re-bounce.

I understand what you are saying but I don’t agree that Bitcoin and SP500 are correlated.  People keep looking to the news to explain Bitcoin price movements, but this is the wrong approach. Bitcoin gives no fucks about trade wars.

We are just going through our usual summer shakes before autumn bull season starts. 

Right, when this did become a thing? The institutional money got everyone's mind warped?

[Paashaas]

https://twitter.com/100trillionUSD/status/1161842603740082176