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

[Majormax]

currently fighting at the 50% fibo level. should not go below 72xx (61.8% fibo) otherwise we have a seroius issue.

As expected, this is the reaction to the premature parabolic high. I never liked that one.

Critical to test support now.

There may be a bigger problem, signalled by the collapse in hash rate, but that remains to be seen.

[Gyrsur]

There may be a bigger problem, signalled by the collapse in hash rate, but that remains to be seen.

rumors say there is a mining regulation issue in Mongolia. no longer allowed to mine Bitcoin there.

https://www.coindesk.com/inner-mongolia-to-shutdown-illegal-bitcoin-miners-by-october-as-china-phases-out-industry

[realr0ach]

Read some postings by realr0ach and check daily gold/silver charts.

[Fatman3001]

 via Imgflip Meme Generator

(pffff....retard boy here keeps the ad in the link)

*no Slayers were harmed in the creation of this meme.


Seriously though, I bought the dip for the third time this year and accumulated more. I expect more dipping w 9k rekkt and I will continue to accumulate all the way down in the event we make it to 7k, 6k, and even 5k if that somehow happens.

This is Bitcoin so we know its all possible. Whatever happens in the next 90 days will Im sure be the last great chance for cheap coins for several years so wipe your tears, refrain from attacking people that were or are short term bearish and instead focus your efforts on backing up the truck and filling those bags boyz.

(depressed Fatty alter ego eating away the Big Blocker Blues pic)

Just make sure there's any dip to dip in or you'll run out of chicken when the real dip comes.

Ahhh Fatty lecturing on the discipline of dip buying but cant help but making a food eating metaphor I see

Thanks for the concern. I bought with everything I owned the real dip in 2014 and 15 and still hold the vast majority of those coins, buying dips now is a petty sideshow to kill time at this point, Im over 95 percent net worth in King Bitcoin. Big blockers never tricked me out of my riches and into shitcoins

Why are you calling me fatty, asswipe?

I haven't talked to you before. Nor have I been talking about alts lately.

The only one bitching about big blocks anymore is JJG and he's on ignore.

[600watt]

currently fighting at the 50% fibo level. should not go below 72xx (61.8% fibo) otherwise we have a seroius issue.

As expected, this is the reaction to the premature parabolic high. I never liked that one.

Critical to test support now.

There may be a bigger problem, signalled by the collapse in hash rate, but that remains to be seen.

there is no collapse of hashrate. it was just a dip.  

hashrate is currently around 90,000,000 TH/s (https://www.blockchain.com/de/charts/hash-rate?timespan=30days

[Lauda]

There may be a bigger problem, signalled by the collapse in hash rate, but that remains to be seen.

there is no collapse of hashrate. it was just a dip.  

hashrate is currently around 90,000,000 TH/s (https://www.blockchain.com/de/charts/hash-rate?timespan=30days

People are really ignorant and annoying about the hashrate every single time. There's a thing called variance, and hashrate isn't going anywhere but up. Mark my words.

[mersal]

Price of bitcoin is below $8500 now,made me shocked when I wokeup today.

I need sleeping pills to stay away from this stress for a while.

Anyone!

Healthy alternatives:

1. chill more

2. zoom out (and chill even more)

If that doesn't help:
3. Send your smartphone to a family member in a nice little package, tell him/her to never pick it up at the post office. Wait until it gets sent back to you. Check price again  

In the worst case:
4. Sell your coins at a cheap price (to me) and use that Fiat for a long vacation in any region of the world with no internet access.


EDIT:
2.5. Read some postings by realr0ach and check daily gold/silver charts. Compare to bitcoin.

If you like pulling your hair out, maybe if you think baldy heads are fashionable, sell your scam bitcoins and invest into craig's satoshi's real vision or the zombie coin (see mc afee twitter history).

If not, laugh more. You don't need a reason for laughing. One of the really free things in life 

Out of SM at the moment.

I will try 2 like I always do but I can't control my feelings when it was dump but this time I didn't buy any bitcoin which thing I could feel little relax about.

[serveria.com]

Briefly visited 8200 no significant bounce back followed and now fighting for 8300 it seems? 

[HairyMaclairy]

Interesting possibility to converge back to the 2015 fractal

[fillippone]

Don't panic.
S2F model still in play.



Graph from : https://digitalik.net/btc/

Market is still following SF model, all in place for Halving rally.
Of course one could argue that with the market knowing this model the halving rally should be rationally anticipating actual halving, not following it like in 2016.
But still, let's try to see the glass half full glass.

[Paashaas]

Decent dump before q4 glory.

[mindrust]

Just one of those moments to test your toughness.

I warned you that this day would come. Weak hands are being shaked out.

Ts all good. Hodl.

If you sell now, you never deserved to win anyway.

[Negotiation]

Just one of those moments to test your toughness.

I warned you that this day would come. Weak hands are being shaked out.

Ts all good. Hodl.

If you sell now, you never deserved to win anyway.

WO people.
Observing $8,349.9

[Gyrsur]

has anyone an overview of the different Bitcoin derivatives on CME, CBOE, NYSE etc.

and open and close times of the exchanges?

thank you!

EDIT: is it just CME and NYSE (Bakkt) in the US? and CBOE paused the futures? what about Bitcoin options in the US?

EDIT2: thanks fillippone! you're my man! (#nohomo)  

EDIT3: CME Bitcoin options soon in 2020 --> https://www.coindesk.com/cme-group-is-launching-bitcoin-options-early-in-2020

[Paashaas]

There may be a bigger problem, signalled by the collapse in hash rate, but that remains to be seen.

there is no collapse of hashrate. it was just a dip.  

hashrate is currently around 90,000,000 TH/s (https://www.blockchain.com/de/charts/hash-rate?timespan=30days

People are really ignorant and annoying about the hashrate every single time. There's a thing called variance, and hashrate isn't going anywhere but up. Mark my words.

Here in the The Netherlands we call these kind of people " azijnpissers" ore in English a crabby person.

[fillippone]

has anyone an overview of the different Bitcoin derivatives on CME, CBOE, NYSE etc.

and open and close times of the exchanges?

thank you!

BAKKT:
https://www.theice.com/products/72035464/Bakkt-Bitcoin-USD-Monthly-Futures-Contract/data?marketId=6137541


CITY   TRADING   PRE-OPEN
NEW YORK   8:00 PM - 6:00 PM*
20:00 - 18:00   7:55 PM
19:55
LONDON   1:00 AM - 11:00 PM*
01:00 - 23:00   12:55 AM
00:55
SINGAPORE   8:00 AM - 6:00 AM*
08:00 - 06:00   7:55 AM
07:55


CME:
https://www.cmegroup.com/trading/equity-index/us-index/bitcoin.html

Trading Hours:
Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m/ CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)

CT is Central time:
Currently Central Daylight Time (CDT), UTC -5
Standard time (Central Standard Time (CST), UTC -6) starts November 3, 2019


CBOE:
Out of Business.


Wondering to write a post (or a thread ) recapping differences between futures, future terminology, and a little bit of theory (what is a future , in the first place, what does words such as volume,  contango,backwardation, settlement price etc means) Do you think it is useful?

[LFC_Bitcoin]

Not sure what kind of cuckold, losers are selling now but hey, whatever floats your boat.

[realr0ach]

Don't panic.
S2F model still in play.

If 'stock to flow' worked on digital shitcoins, there wouldn't be thousands of dead PoW coins to already exist, yet you retard scammers continuously spam this 'stock to flow' lie to try and deceive people for personal gain.  Stock to flow only works on real commodity resources with some sort of inelastic demand, not fake, imaginary commodities that you can corner all 21 million coins and the rest of the world can completely ignore you like you don't even exist.

These idiotic 'stock to flow' charts people post don't even acknowledge classifications of goods falling into different categories such as price sensitive or price insensitive.  Things falling on the base of Maslow's Pyramid that people need to not die like food are generally price insensitive.  Nobody actually needs Bitcoin for anything since it's a fake commodity and not a resource, so it's not price insensitive.  Assuming there's any demand for it at all, the demand could go to zero just from the price doubling, yet these idiotic charts claim it can go up 10x and demand is exactly the same.  They falsely claim Bitcoin is a commodity when it's not, then they falsely claim it's a price insensitive commodity to boot.

[Gyrsur]

Wondering to write a post (or a thread ) recapping differences between futures, future terminology, and a little bit of theory (what is a future , in the first place, what does words such as volume,  contango,backwardation, settlement price etc means) Do you think it is useful?

wow, that would you really do? I'm eager to learn from the master... 

(currently just a FX trading homeboy) 

[bucciarati]

so anyone expect to pass past ath without any great moves up or down (like in this case)? strange world we living in

i'm not telling we are going past 19k (even if i think probably will) but c'mon, you need to have the balls to stand more then couple thousand correction, think about couple of months around 100.000k and then a crash of 10.000k, remeber that's btc here