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

[JayJuanGee]

And my hand representing for WO.

Those fingers do not appear very dexetrous.  Very sausage-like.  How are you supposed to compete typing against JayJuanGee with fingers like that.

Look at dee roach.

Always getting to the bare important essence of any matter put in front of him.  What would we do without roach?

Celebrate, perhaps?

[Negotiation]

via Imgflip Meme Generator

WO-brothers in arms

I only wish I could say I had a hand in this idea

My last 2....

Cause you already pre-reveal you have a hand in here

I can only say its a pleasure of meeting up with such of gentlemans....

Need plane all WO-brothers meetup fixed place enjoy one-day.

[jojo69]

Uncle Bumblefuck's advice for young men

https://www.youtube.com/watch?v=E7RgtMGL7CA

[lightfoot]

Uncle Bumblefuck's advice for young men

https://www.youtube.com/watch?v=E7RgtMGL7CA

Guy sounds like a Cylon basestar.

[jbreher]

... you brought the wrath upon yourself. 

Hahaha. "wrath" ha. That's rich. Witness me quaking in my boots.

No need to quake, jbreher.  I am just reasserting a point that I have made several times, when you seem to be complaining that some peeps here (including yours truly) are being too much meanie to you.

Meanie? Laughable.

You're that irritating insecure kid three years longer on the planet, trying to lead the ostracization of that person that does not think exactly like you do, all the time looking over your shoulder to ensure that you don't go so far as to be exposed as the wannabe-bully that you so desperately want to be known as.

Carry on, sweet special child, carry on.

[Hueristic]

Uncle Bumblefuck's advice for young men

https://www.youtube.com/watch?v=E7RgtMGL7CA

Trouble with Tribbles directors cut, that Kirk is a freak. Lol

[jbreher]

Gotta visit Ukraine:

https://twitter.com/hey_ashiwel/status/1175398628120301568

Like a boss.

[jbreher]

And my hand representing for WO.

Those fingers do not appear very dexterous.  Very sausage-like.  How are you supposed to compete typing against JayJuanGee with fingers like that.

I'll have you know that those fingers spent over a year straight in the top ten of the MySpace Global Indie Blues Album chart.










err... Come to think of it, MySpace was a lot of meals ago.






edit: it's the parallax error from foreground/subject - gotta be.

[JayJuanGee]

... you brought the wrath upon yourself. 

Hahaha. "wrath" ha. That's rich. Witness me quaking in my boots.

No need to quake, jbreher.  I am just reasserting a point that I have made several times, when you seem to be complaining that some peeps here (including yours truly) are being too much meanie to you.

Meanie? Laughable.

You're that irritating insecure kid three years longer on the planet, trying to lead the ostracization of that person that does not think exactly like you do, all the time looking over your shoulder to ensure that you don't go so far as to be exposed as the wannabe-bully that you so desperately want to be known as.

Carry on, sweet special child, carry on.

Yes,  You and your deflection, jbreher.  You are really stabbing in the dark regarding my supposed motivations, which is to largely be irritated by your shitcoin pumping and bitcoin bashing.... so call me a wanna-be-bully all that you want.  If you actually genuinely dropped your shit coin pumping, then probably there would be less repulsion regarding your bitcoin bashing... and I am not the only one bothered by your dancing around your own motivations while attempting to deflect onto others, such as me.

[jbreher]

... and I am not the only one bothered by your ....

Umm hmmm.... Umm Hmmm.

[VB1001]

Previewing the debut of trading in daily and monthly physically-delivered Bitcoin on Monday,
@FortuneMagazine
 offers a glimpse of what’s to come

https://twitter.com/Bakkt/status/1175094597355282433

Will the Bakkt Launch Help Bitcoin Go Mainstream?

On September 22, a product designed to remake Bitcoin as a mainstream investment for the world's investment managers will go live. When ICE Futures U.S., one of the world's largest commodities markets, opens trading at 8 p.m. ET that day, it will offer Bakkt Daily and Monthly Bitcoin Futures, the first physically delivered crypto-currency contracts ever traded on a federally regulated exchange.

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

This is coming.

Well, allow me to be extremely sceptical of wheter this will be positive for BTC. Probably yes at first, but long term no. It will first try to suppress volatility, later become a tool for outright manipulation. Just like what happens with gold.

I practically think the same as you, but if this helps maintain price stability and at the same time increases the value of Bitcoin progressively, it would benefit us all.
The gold graph is only to indicate the sudden increase after your ETF.
If all goes well, Bakkt will move significant sums of money + BTC, perhaps "manipulation" to curb volatility is the first step towards mass adoption.
Bakkt is not the same as CME or CBOE.

[VB1001]

https://i.imgur.com/oCghhgu.jpg

"Bitcoin will never work"
- Trolls

"Bitcoin will never work"
- Shitcoins

"Bitcoin will never work"
- Ex-Dev

You left out:
"Bitcoin will never work"
- a rather frightening percentage of now-significant-Core-devs

LOL, Jbreher, you take any opportunity to charge against your opponent.

When you drive on a highway and see all the cars coming towards you, maybe it's you who drives in the opposite direction.

[mindrust]

Those old fat fingers and that big ugly ring look like they belong to a government agent.

I am sure 95% of us here have long slim dota/guitar/c++ fingers. :d

[VB1001]

<...>

Good morning, Mr. Ambassador, nice hat.
Then, the meeting was with several WO members, sure they had a great time, although the place seems a little small, the tables together, low, very tight.
Was it a hidden secret basement?

[realr0ach]

Those old fat fingers and that big ugly ring look like they belong to a government agent.

I am sure 95% of us here have long slim dota/guitar/c++ fingers. :d

Boomers are an integral part of the Jewish matrix that will blindly follow orders passed down to them by an (((agent Smith))) from the television.  But what happens when the evil cult of Judaism attempts to launch an attack after running out of boomers?

[mindrust]

Even Trace Mayer look like he is terrified.

He definitely looks like he just saw a "Smith"



Run Trace, you can't win.

[fillippone]

via Imgflip Meme Generator

WO-brothers in arms

I wish I hand an hand in this picture.

Brother in arms.
I would call it.

[VB1001]

Don’t trust the liquidity

There is renewed hope in the markets after central banks, most-recently the ECB and China, have added easing measures. The working narrative is that these will, once again, renew global growth and allow governments, corporations and consumers to go even more deeply into debt. But will the increase in liquidity work this time around?

Several arguments can be made indicating that the answer is “no”. It’s likely that this ‘liquidity pulse’ may provide a temporary boost to the markets, but not the real economy. This is an extremely hazardous combination.

https://gnseconomics.com/en_US/2019/09/12/dont-trust-the-liquidity/

This is over, BTCitcoin, hurry up!!!!!

[HairyMaclairy]

We never closed below the 137 daily MA during the 2017 bull run.  

Right now, we are immediately above the 137 daily MA.




Zoomed in



We are also getting down to the pointy end of the pennant



And volatility as shown by Bollinger band width in the middle bar is way down



When volatility falls very low, it means Bitcoin is winding up for a big move.

What does this all mean?  I am not entirely certain whether we will go up or down, but we are primed for a big explosive move.  The move will probably happen around the Bakkt launch on Monday, and will be preceded by a fake out in the other direction.  

Bullish factors:

* We are in an overall bull market driven by the halvening. Accordingly any bear attacks should be blunted and relatively short lived.  The halvening is only 8 months away.

* There is a fear in the market that Bitcoin will collapse after Bakkt release like it collapsed after the CME and CBOE.  If we all find that Bitcoin does not collapse this week, this may lead to a relief rally.

Neutral factors:

* Daily RSI is at neutral, giving us lots of room to move in either direction.

Bearish factors:

*We are sitting on the 137 MA daily.  There is a “rule” that Bitcoin cannot close below the 137 MA daily. Rules in TA are made to be broken.  Closing below 137 MA daily would make a nice scare for the bears.

*The 2015 fractal tells us we are still running hot and high.  The current price is around the forecast price at halvening.  This suggests we need to take some heat out of the market still.




Conclusion:

Next week is likely to be punctuated by shenanigans and big moves. I remain overall bullish but also short term cautious.  We should expect to break out of the pennant in both directions before finally deciding which way we will go.  

[Fatman3001]

Roach on ignore as well