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

[The Sceptical Chymist]

It seems i´m not the only one not understanding Bakkt.  

Nope, can't say I totally understand it myself.  I thought it was basically a futures/options market for bitcoin which would allow investors with a lot of money to gain some exposure to crypto without actually having to own it outright--much like how precious metals are traded on Wall Street.  Those commodity traders don't actually want to own a bunch of gold bars; they just want to speculate on the price for hedging reasons or whatever. 

28BTC as of a few hours ago?  That's low, and that's putting it nicely.

Observing 51BTC..

And 51 now?  Still pretty low.  Way more than I'll ever see, but this is supposed to be for the big dawgs, eh?  Sheee-it.

[Cryptotourist]

137DMA is being buttfucked.

#

What are we expecting? Up or down?

Rekt all the way if you 're trading.

Bought TFD anyways. It's time we bounce up & never look back.

[Last of the V8s]

Can someone educate me please. What is this Bakkt? A trading platform or sort ?

you will find all relevant info here:

https://fortune.com/2019/09/20/bitcoin-futures-bakkt-launch/

^

[Cryptotourist]

^

Never heard of it!who cares?

[JayJuanGee]

Hey brothers! So now we're waiting till BAKKT runs out of BTC they have in their initial stash? Mmmmkey... 

Yup. We have time. We had been waiting only 3 years for famous Gemini exchnage to have some impact. It can happen anytime.

I think that overall Gemini has a pretty BIG impact on bitcoin, including more liquidation vehicles, even if its impact has not been so easy to perceive - and surely there was no perceptible move in the BTC markets upon their launch (3 years ago), that's for sure.

[JayJuanGee]

By the way good afternoon WO brother!
Bitcoins moving in between 4 and 5 figures
Current observation @ $10,020

It is confirmed..
Bakkt sucks!

It dumped the price to $9888 now.

Oh gawd.... 

You must be new in these here parts, UNOE.

We don't get excited about short term BTC price movements that are less than 5%.... Get fucking real. 

Even 10% might not be enough to get any regular WO too excited.

[UNOE]

Hey brothers! So now we're waiting till BAKKT runs out of BTC they have in their initial stash? Mmmmkey...  

Didn't you hear the news...
Bakkt sucks!

Bitcoin price keeps dumping instead of increasing from a recent BTC futures market releasing just like cme and cboe did over a year ago. But then afterwards caused it's demise to saying goodbye to $21k price of ATH.
Currently at $9842 and dropping while watching it for the past hour.

[DeathAngel]

Oh gawd.... 

You must be new in these here parts, UNOE.

We don't get excited about short term BTC price movements that are less than 5%.... Get fucking real. 

Even 10% might not be enough to get any regular WO too excited.

10% rise is nothing to get overly excited about at the current price. It’s like fucking Jenna Jameson, it’s like throwing a hotdog down a hallway. It does nothing for us, doesn’t even touch the sides.

[JayJuanGee]

137DMA is being buttfucked.

Next 5-6 hours is super duper critical now.

What are we expecting? Up or down?

Doesn't look good. Next support is at $8300-8500, 200DMA. (imo)

Not expecting anything really. I am ready for both scenarios. This is bitcoin, maybe it will be trying 11k next hour who knows.

The chart makes his move, then I make my counter move* with my FIAT.

This is how I play this game.

*All of my moves are: "BUY"  

You can take any chart that is telling you that $8,300 to $8,500 is the next support and shove it up your ass.... Nothing personal mindrust.


But, think about the matter a little bit.  

We gotta get through $9,600, $9,200 and $9k before we even start to consider BTC buy support in $8,300 to $8,500 arena.


Am I gonna have to bring batman out and to slap some senses into some WO peeps (again nothing personal mindrust)?    

[jojo69]

we need some Kwuckduck up in here

[serveria.com]

Oh gawd.... 

You must be new in these here parts, UNOE.

We don't get excited about short term BTC price movements that are less than 5%.... Get fucking real. 

Even 10% might not be enough to get any regular WO too excited.

10% rise is nothing to get overly excited about at the current price. It’s like fucking Jenna Jameson, it’s like throwing a hotdog down a hallway. It does nothing for us, doesn’t even touch the sides.

   

Hilarious! Maybe we should call filippone he's called italian stallion for a reason...  

[d_eddie]

we need some Kwuckduck up in here

Cause the singing llama already made his number.

[LFC_Bitcoin]

we need some Kwuckduck up in here

If we do go down significantly I’m sure all the trolls & haters, shills etc will be on here calling $1,000 by New Year. We just have to ignore them though, let them have their pathetic fun.

We will always have the last laugh.

[mindrust]

The charts never lie JayJayGee.

The same charts also say $16k, 29k and 80k.

Don't get mad, do as they say.

[nutildah]

It’s like fucking Jenna Jameson, it’s like throwing a hotdog down a hallway. It does nothing for us, doesn’t even touch the sides.

   

Hilarious! Maybe we should call filippone he's called italian stallion for a reason...  

Yeah, I was gonna say (to severia), speak for yourself buddy. I'd like to have a go at that and see what happens.

Speaking of Jenna Jameson, that's a name that's been wedged so deep in the spank bank I almost forgot it was there.

[JayJuanGee]

137DMA is being buttfucked.

#

What are we expecting? Up or down?

Rekt all the way if you 're trading.

Bought TFD anyways. It's time we bounce up & never look back.

About 1-2 days ago (without doing some work, I cannot remember exactly because some of the days blend together, from time to time), I set a few new buy orders, which had the net effect of increasing my buy on dip amounts and skewing my allocation a bit more towards BTC - a kind of over-allocating towards BTC.  So far, only a couple of my BTC buy orders have filled, and ultimately I feel somewhat agnostic about whether they’ll continue to fill or no.

I had done something similar in the upper $10,xxxs, which caused me to execute several buys in the mid-to-lower $10,xxxs.  So, I guess little by little, I am continuing to over-allocate towards BTC in this price range.. likely mostly because we continue to linger in these here parts - and fiat flows in without me feeling any kind compelling reason to spend it on consumption.... don't get me wrong, I am still consuming, but I am also just figuring that it does not hurt to stack a few more sats on dips and just while lingering in these here price parts.

[LFC_Bitcoin]

The charts never lie JayJayGee.

The same charts also say...{snip}...80k.

Don't get mad, do as they say.

[Wilhelm]

Hey I heard Bakkt sucks  

It's always funny how people expect so much from things  like
- Bakkt
- Christmas
- Tax at Dec.
- ICOS
Etc. Etc. Etc.

If I've learned one thing it is "Bitcoin don't give a fuck"

[HairyMaclairy]

I did have a full body wax only three days ago

So you are now formerly-HairyMaclairy?

RegrowthMaclairy

Edit: RogaineMaclairy

Edit: FinasterideMaclairy

[JayJuanGee]

Oh gawd....  

You must be new in these here parts, UNOE.

We don't get excited about short term BTC price movements that are less than 5%.... Get fucking real.  

Even 10% might not be enough to get any regular WO too excited.

10% rise is nothing to get overly excited about at the current price. It’s like fucking Jenna Jameson, it’s like throwing a hotdog down a hallway. It does nothing for us, doesn’t even touch the sides.

That's kind of what I meant to say; of course, expressed more colorfully than mine.