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Question: What happens first:
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26355864 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
600watt
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September 22, 2019, 05:13:20 PM
Merited by LFC_Bitcoin (2), Last of the V8s (1)

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

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

[img]https://i.imgur.com/cRczS3t.pnimg]


Zoomed in

[img]https://i.imgur.com/EwrQrUa.pnmg]

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

[img]https://i.imgur.com/3LGdGTa.pnmg]

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

[img]https://i.imgur.com/x0riuS2.pnimg]

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.


[img]https://i.imgur.com/t4okqLt.pn/img]

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.  




great post, sounds all plausible. regarding the highlighted part it could be argued that not the entire market is in fear. lots of people actually expect the price to go up when bakkt launches. imho, if prices does not make a noticeable pull upwards then panic will set in and price tanks. overall i am expecting a darth maul daily candle monday.


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Last of the V8s
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September 22, 2019, 05:16:13 PM

It's not funny it's embarrassing. I'd like to have greeted him in a more friendly and warm, perhaps even just normal way. But I was expecting a mass of luscious locks...
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September 22, 2019, 05:17:36 PM

meh

BAKKT is a giant nothingburger
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September 22, 2019, 05:18:47 PM

* 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.

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.  


great post, sounds all plausible. regarding the highlighted part it could be argued that not the entire market is in fear. lots of people actually expect the price to go up when bakkt launches. imho, if prices does not make a noticeable pull upwards then panic will set in and price tanks. expecting a darth maul daily candle monday.

CME futures
they are not settled in kind
this time is different



#haiku
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Still a manic miner


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September 22, 2019, 05:26:33 PM

meh

BAKKT is a giant nothingburger

yup, it may well be.. BTC is anemic these days, he needs some spicy injection.


BTW, that arm´s orgy was a multi WOs meetup?? I must have missed the details.. i bet you had a great time! Share us the details!
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September 22, 2019, 05:28:46 PM

meh

BAKKT is a giant nothingburger

in the long run it is a big thing. i wouldn´t underestimate jeffrey sprecher. pushing innovation was how he made it to the top.
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September 22, 2019, 05:42:08 PM

Bakkt is starting soon
Should we care much about it?
I do not think so
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Self-Custody is a right. Say no to"Non-custodial"


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September 22, 2019, 05:43:07 PM

 Maybe JayJuanGee's emails are money also?

Value depends on audience, but in most instances something like an e-mail would not rise to the level of money, especially of a non-celebrity such as myself.

Rather than spouting out nonsense roach, go back to school..
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September 22, 2019, 05:50:11 PM

Haven't BAKKT already purchased its coins? What good is it gonna do tomorrow if they already gathered their stash? Don't you think the pump from $4-6k to $14k were the BAKKT pump?

I've seen they gathered around 10k coins (if that was really the BAKKT wallet I've seen), they are going to use those coins to sell their customers. They aren't going to buy any new coins unless they run out of those 10k coins. What am I missing?
JayJuanGee
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September 22, 2019, 05:51:03 PM
Merited by d_eddie (1)

blah blah bitcoin blah blah cavemen mic jj blah blah

-heavy edits-  Wink

Cavemen IQ folks
no give many ratt's asses
while coin go UP, grunt

+1 WoSMerit

realr0ach needs more love
I'm not good at cutey pics
JJ, do something!

#haiku

Caveman and roach getting along real good.. for long, long time.   Wink Wink   uhgah.  uhgah.

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September 22, 2019, 05:57:20 PM

Hmmm


Google failed to update the WO's progress.Now it got more that 500K posts and not sure how many authors.But it will be atleast over 1000 members.
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September 22, 2019, 06:07:36 PM

Hey JJG, here's one of those peggings by the bots at $9999.9999 that you claim is completely natural, organic, and reflects pure supply/demand instead of being completely manipulated by whales to that price.  Grin
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September 22, 2019, 06:09:22 PM

Hmmm


Google failed to update the WO's progress.Now it got more that 500K posts and not sure how many authors.But it will be atleast over 1000 members.

Lol. Google needs to be replaced by BitCoin powered internet.

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September 22, 2019, 06:12:39 PM
Last edit: September 22, 2019, 06:25:24 PM by d_eddie
Merited by Globb0 (5), vapourminer (1)

Haven't BAKKT already purchased its coins? What good is it gonna do tomorrow if they already gathered their stash? Don't you think the pump from $4-6k to $14k were the BAKKT pump?

I've seen they gathered around 10k coins (if that was really the BAKKT wallet I've seen), they are going to use those coins to sell their customers. They aren't going to buy any new coins unless they run out of those 10k coins. What am I missing?

There's profit and loss
for traders trading futures
all paid in bitcoin


EDIT

The regulations!
Must keep reserves untouched
please buy more bitcoin

#haiku
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September 22, 2019, 06:25:10 PM
Merited by LFC_Bitcoin (2), vapourminer (1), HairyMaclairy (1)

meh

BAKKT is a giant nothingburger

yup, it may well be.. BTC is anemic these days, he needs some spicy injection.


BTW, that arm´s orgy was a multi WOs meetup?? I must have missed the details.. i bet you had a great time! Share us the details!


Select group meet-up
A good time was had by all
Fine proof of concept
Last of the V8s
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September 22, 2019, 06:45:15 PM
Merited by LFC_Bitcoin (2)

Bakkt is starting soon
Should we care much about it?
I do not think so


meh

BAKKT is a giant nothingburger

rebal15
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September 22, 2019, 06:50:21 PM

Haven't BAKKT already purchased its coins? What good is it gonna do tomorrow if they already gathered their stash? Don't you think the pump from $4-6k to $14k were the BAKKT pump?

I've seen they gathered around 10k coins (if that was really the BAKKT wallet I've seen), they are going to use those coins to sell their customers. They aren't going to buy any new coins unless they run out of those 10k coins. What am I missing?

You are missing roach's posts. He already said what you are saying.
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September 22, 2019, 07:11:19 PM

Talking about the military -snip-
but there is one boat I would like to own, and that's the CB 90.
I like to think of it like the Lambo of boats.
Here working with the dutch in Operation Atalanta (The anti pirate thing outside Somalia).
https://www.youtube.com/watch?v=wgdDgEXO2gE

want

+1 WOsMerit

Lamboat for Elwar
try to catch him, uniforms
we've got ironsides



#haiku
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September 22, 2019, 07:17:16 PM

Bakkt is starting soon
Should we care much about it?
I do not think so


meh

BAKKT is a giant nothingburger



I did not know that V8 is into dildo sales/transportation...I kid, i kid
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September 22, 2019, 07:27:44 PM
Merited by d_eddie (1), Last of the V8s (1)

looking for luscious
locks in all the wrong places
WO hairlessness

#haiku
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