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

[Last of the V8s]

It must be depressing to be a conservative.  In the long run, you always lose the culture wars:

It must be exhausting to be constantly on the wrong side of history

You are beginning to show signs of cottoning on, so partial congrats.
It is indeed quite exhausting and sometimes depressing keeping standards up, fighting for calm, common sense and decency, batting away immature boundary-testers with our innovative blue-died water, our cunning fire-setting in the jungle and our nods to your 'diversity' in the very House of Commons.
While I am delighted you seem to think these seeming gains for socialism counter the deals we make behind the scenes which actually run the world, I am saddened that you show no signs of knowing how long the long run is. I demand a more far-thinking opponent.

[Lauda]

It must be depressing to be a conservative.  

Times have changed. The libtards are destroying society.

[P_Shep]

John Mcafee is in hospital.

Choked on his own dick?

[mindrust]

Still in the triangle. If this breaks out upwards, this is going to play out exactly like anon predicted. $16k in October.

Big 200/350D MA Golden cross is supporting this too. You can't get more bullish than this.

Good news is, it looks like there will be another month (maybe 2 at best) to collect cheap coins. Possibly our last chance. Consolidation is happening around here. Anything you buy from here may return you x6-x10 profits in a year.

BAKKT will be the trigger probably.

I was also thinkin about Torque's post.

Those wondering about the impact of BAKKT on the market, needs to realize something else.
It's not the fact that they are going live within days. It's completely the relative timing.
They could have gone live over a year ago. The tech was already in place and working behind closed doors.
But they didn't. They delayed it.
So ask yourself: Why go live now? Why not a year ago? Or why not kick the can for another year?

Either Anon knew BAKKT was going to launch on Sept 23 (less likely), or the BAKKT officers put the launch date on September, purposefully just to amplify the gains. Right before the big parabolic move.

@mindrust - You’re turning me on!
This kind of post should be X rated. It’s giving me a sweat

Descending Triangles will break to the downside 55% of the time with an average decline of 19%. This would pull us back to 7k ish, which is the phase 2 trend line from the uber bull of 2017.
Descending Triangles will fail to break to the downside 45% of the time. ( break to the upside ) with an average rise of 42% , which would bring us to 14 k ish.

Essentially with  Descending Triangles it is best to wait for the break either up or down. They are not particularly reliable until the break.

There is a great book called "Encyclopedia of Chart Patterns by Bulkowski " It might be out print? It is a great resource as it breaks down the odds of the 50 or so most reoccurring patterns.

I am ready for both scenarios.

There might be a correction to $8k but even if happens, I don't think It'll stay there for long before shooting back up.

%45 is still good odds.

[Wekkel]

Well, if the whole thing wasn't political to begin with, anyway.

This. The reason I immediately drop out like a WO-er on a BCASh post whenever I hear millennial speak about saving the environment. The people genuinely debating this topic in a scientific non-politically loaded/virtual signalling manner are 1 to a million.

Ok, perhaps tuning out of BCASh things even sooner. I confess  

[DeathAngel]

John Mcafee is in hospital.

He’s had a history of drug abuse over the years I believe so maybe it’s connected to that, heart attack or something. I know he’s a bit of a figure of fun here but I wish him the best. It’s not good karma to mock people who are ill etc.

[GreatArkansas]

Shorts vs Longs on Finex.
Bulls over bears.

[Totscha]

"What is the point of being in business if you can't extort sexual favors from your employees?"

Is that one of the rules of acquisition?

Nope...
Rule 40: She can touch your lobes but never your latinum.
Rule 94: Females and finances don't mix.

Kind of...

Rule 113: Always have sex with the boss.

[vroom]

Shorts vs Longs on Finex.
Bulls over bears.

according to this we will most likely see another dump before we go up.

[El duderino_]

Good to remind me, I had lost count....

Gentle reminder that Bitcoin has now died 375 times and counting, most recently just over a week ago. Talk about anti-fragile.

https://twitter.com/redditbtc/status/1169541784889974784?s=21

[El duderino_]

This apparently is what happens when you trade your Bitcoin for Bcash

BTC Lambo v12 6 litre
BCH SEAT 3cyl 1.0 litre

via Imgflip Meme Generator

https://twitter.com/adam3us/status/1169428352786206721?s=21

[Wilhelm]

John Mcafee is in hospital.

He’s had a history of drug abuse over the years I believe so maybe it’s connected to that, heart attack or something. I know he’s a bit of a figure of fun here but I wish him the best. It’s not good karma to mock people who are ill etc.

+1 I wish him the best too ... he is an uber Bitcoin bull, we need more people like him.
And we want the dickening to happen... (both outcomes are good )

[arewethereyet?]

John Mcafee is in hospital.

He’s had a history of drug abuse over the years I believe so maybe it’s connected to that, heart attack or something. I know he’s a bit of a figure of fun here but I wish him the best. It’s not good karma to mock people who are ill etc.

I must have some bad shit coming my way, cos if Calvin Ayre contracts any STD's, there will much mock........specially if its Blue Waffle disease!

[Febo]

It would be a nice irony if the outcome of Brexit was a break up of Great Britain with Scotland achieving independence and Northern Ireland joining Ireland while England and Wales stay in the EU.  

But when you play with matches, sometimes shit catches on fire, yo.

Sounds Just like the bitcoin forks fractal delusions

Fuck the EU dictatorship.

You wanted to say UK dictatorship over Northern Ireland and Scotland?

Brexit was orchestrated from outside of UK. With plan to weaken EU and UK. Divide and conquer. By those that EU is competitor, so mainly United States ( amazing ally we have) and China. Possibly someone else like Russia or Saudis. Those that planed it give a shit about UK and if will still have Wales, Northern Ireland or Scotland. Not having it should actually better fit their agenda. They exactly knew what will happen. They knew all united Europe will stand behind Ireland and there will be no border on the island of Ireland ever again.

[xhomerx10]

John Mcafee is in hospital.

Choked on his own dick?

 Naw. It's just that he hasn't been in the limelight most of this summer so he had to do something to get another 15 minutes.  Probably something cosmetic.

[SuperTA]

Is this bullish enough?

https://medium.com/@hcburger1/bitcoins-natural-long-term-power-law-corridor-of-growth-649d0e9b3c94

This model allows us to make broad predictions concerning the long-term future price of bitcoin, e.g.
the price will reach $100 000 per bitcoin no earlier than 2021 and no later than 2028. After 2028, the price will never drop below $100 000.
the price will reach $1 000 000 per bitcoin no earlier than 2028 and no later than 2037. After 2037, the price will never drop below $1 000 000.

Well.
This is sorcery I think.
I would like to overimpose PlanB graph on that one...
Not adding much value, but it’s nice to see those numbers!

This chart isn't precise and so i can't take it as too much legit.
Why? Because in order to take it seriously, the trendline must have at least 3 times  touching the trendline at the bottom. The chart is interesting but i think many youtubers took this chart too seriously in my opinion. The upper trendline is alright, but the bottom trendline is just not right. Not a single touch on that trendline. The first bottom was cut off and after that no touch at all. Only 1 almost touching but that doesn't count.
But thank you for sharing anyway.

[arewethereyet?]

It would be a nice irony if the outcome of Brexit was a break up of Great Britain with Scotland achieving independence and Northern Ireland joining Ireland while England and Wales stay in the EU.  

But when you play with matches, sometimes shit catches on fire, yo.

Sounds Just like the bitcoin forks fractal delusions

Fuck the EU dictatorship.

You wanted to say UK dictatorship over Northern Ireland and Scotland?

Brexit was orchestrated from outside of UK. With plan to weaken EU and UK. Divide and conquer. By those that EU is competitor, so mainly United States ( amazing ally we have) and China. Possibly someone else like Russia or Saudis. Those that planed it give a shit about UK and if will still have Wales, Northern Ireland or Scotland. Not having it should actually better fit their agenda. They exactly knew what will happen. They knew all united Europe will stand behind Ireland and there will be no border on the island of Ireland ever again.

If youre saying Nigel Farage could have been helped/funded by external influences, then maybe. But theres no need for conspiracies. We have the bogey man. Its Nigel Farage, and he is definitely not afraid to be that bogey man.
As far as i know, WTO rules demand that Ireland/EU erect a physical border, in the absence of any deal/agreement. But actually wont happen. Not because of any stand, but because any official/s that are involved in Irish physical borders gets a bullet with their name on it from the IRA, and bombs start going off in London, Dublin and Brussels.

[SuperTA]

I fixed the chart which is now slightly more bullish. In the future the second - lower band will dissapear, according to this chart. So i assume he made the wrong bottom trendline just to prove his statements.

[mersal]

This apparently is what happens when you trade your Bitcoin for Bcash

BTC Lambo v12 6 litre
BCH SEAT 3cyl 1.0 litre

via Imgflip Meme Generator

https://twitter.com/adam3us/status/1169428352786206721?s=21

This will even get worse in the coming years,mostly people will get something of shit like this one

via Imgflip Meme Generator

So you "have been warned"

[Icygreen]

That's an old classic which BCH is not.
I think this one is more appropriate depiction.