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

[Fatman3001]

Difficult news but nice comments: https://old.reddit.com/r/Bitcoin/comments/da1xtl/lightningdev_full_disclosure_cve201912998/.

Bcashers are mentally deficient, willfully ignorant,morally bankrupt, and of course, irrelevant.

Ok so a bug was found with LN and the bug was fixed?   Is that a fair summary?

Yes. It's more of an implementation bug than overall IMO. Clients weren't properly checking stuff.

I guess it's to be expected with such an immature project (not trying to kick it, just stating the obvious). I'm looking forward to see what will happen when FOMO kicks in and the Bitcoin network gets clogged up. Will LN perform at all? Will it break? Or will it somehow manage to shove a ton of traffic through? People are generally more motivated to learn new skills if they think they can gain an advantage in the race for insane riches. I will be ready with popcorn.

[Hunterqr]

https://s3.tradingview.com/5/5PbcdA26_big.png

Every year this time Bitcoin Price are Low.Wish this year is not last years price.

[Hunterqr]

Wall Observer
A free service brought to you by the bitcoin community

Whenever there is a significant change in market depth, please update this thread with a new depth chart, and a good price chart with some TA is also welcome, feel free to comment on these if you have something to worth contributing, ( if your post is not at all TA it will be deleted )

Posting guild lines:
 Please lets keep this thread clean. ( I will be removing any off topic posts )
 Do not post random comments on this thread, unless it is directly related to the last wall update (ex. The 20K ask was was NOT sold into, it was removed after being tested)
 When you post a chart please use bitcoincharts.com, mtgoxlive.com, btccharts.com or bitcoinity.com

as requested, i have started a new thread.
this thread is now a self-moderated topic.
I will try and keep this thread clean, with only facts, current trends, past price movements, depth charts, etc.
I promise to not delete post simply because i do not agree with the bearish TA.

thank you for your input!

We needed more regulation around this bitch.

the rules of this thread is an attempt to keep this thread from having +1000 post when price is doing big moves, and instead relay important indicators during critical moments.
also when the market is more calm we can expect to see wall posts and TA price charts, back to back without any relevant chatting, making easier to analyze.
there are other threads where speculators can discuss their sentiment, just not here...

That 1000+ page thread was getting kinda useless.

How about bitcoinium.com pics? I can never get mtgoxlive to load

thats fine too,
I'm looking for quality charts or good TA bearish or bullish.

asking good questions example....

Interesting pattern I've noticed. It's been sort of bouncing downwards for the last 4 days. Is there a technical term for this sort of thing?

https://i.imgur.com/Px5bq7M.png

is also welcome here.

just don't be posting about your "FEELINGS" and you won't get delete.  

Disclaimer: All posts in this thread are for entertainment purposes only. Nothing in this thread should be construed as financial advice.

When I take a gander at the worldwide Bitcoin picture, I see a few "antiquated" levels which stay genuine right up 'til the present time. As a matter of first importance, how about we think about even levels.

[Gyrsur]

Any future prediction is useless, Bitcoin always does what it wants.

100% agree. my impression is that the game changed in Dec 2017 with the introduction of Futures for BTC. since then the market is not the same as it was before since 2011. the Big Boys changed everything. prediction of the price is much more difficult now because a mighty instrument to short BTC is available since Dec 2017.

[Fatman3001]

Wall Observer
A free service brought to you by the bitcoin community

Whenever there is a significant change in market depth, please update this thread with a new depth chart, and a good price chart with some TA is also welcome, feel free to comment on these if you have something to worth contributing, ( if your post is not at all TA it will be deleted )

Posting guild lines:
 Please lets keep this thread clean. ( I will be removing any off topic posts )
 Do not post random comments on this thread, unless it is directly related to the last wall update (ex. The 20K ask was was NOT sold into, it was removed after being tested)
 When you post a chart please use bitcoincharts.com, mtgoxlive.com, btccharts.com or bitcoinity.com

as requested, i have started a new thread.
this thread is now a self-moderated topic.
I will try and keep this thread clean, with only facts, current trends, past price movements, depth charts, etc.
I promise to not delete post simply because i do not agree with the bearish TA.

thank you for your input!

We needed more regulation around this bitch.

the rules of this thread is an attempt to keep this thread from having +1000 post when price is doing big moves, and instead relay important indicators during critical moments.
also when the market is more calm we can expect to see wall posts and TA price charts, back to back without any relevant chatting, making easier to analyze.
there are other threads where speculators can discuss their sentiment, just not here...

That 1000+ page thread was getting kinda useless.

How about bitcoinium.com pics? I can never get mtgoxlive to load

thats fine too,
I'm looking for quality charts or good TA bearish or bullish.

asking good questions example....

Interesting pattern I've noticed. It's been sort of bouncing downwards for the last 4 days. Is there a technical term for this sort of thing?

is also welcome here.

just don't be posting about your "FEELINGS" and you won't get delete.  

Disclaimer: All posts in this thread are for entertainment purposes only. Nothing in this thread should be construed as financial advice.

When I take a gander at the worldwide Bitcoin picture, I see a few "antiquated" levels which stay genuine right up 'til the present time. As a matter of first importance, how about we think about even levels.

wtf?!?!?! This thread was started by adamstgbit, not infofront. When and why did he edit his way into the first post?

Edit: damn, that's a rotten move. I am disgusted.

[mindrust]

Any future prediction is useless, Bitcoin always does what it wants.

100% agree. my impression is that the game changed in Dec 2017 with the introduction of Futures for BTC. since then the market is not the same as it was before since 2011. the Big Boys changed everything. prediction of the price is much more difficult now because a mighty instrument to short BTC is available since Dec 2017.

Fear not my son.

If they have the FED, the FIAT printer backing their shorts; we have bFINEX the Tether printer backing our longs.

[Fatman3001]

Any future prediction is useless, Bitcoin always does what it wants.

100% agree. my impression is that the game changed in Dec 2017 with the introduction of Futures for BTC. since then the market is not the same as it was before since 2011. the Big Boys changed everything. prediction of the price is much more difficult now because a mighty instrument to short BTC is available since Dec 2017.

This time is different ^TM.

[El duderino_]

New chart: #bitcoin fractal dimension changes over time and seems to indicate phases like bear, neutral, bull. Note how consistently blue turns to green, orange, red and vice versa. And yes we are at the start of a orange/red phase (although it might not feel like it right now)🚀

via Imgflip Meme Generator

https://twitter.com/100trillionusd/status/1177977282285244416?s=21

[makrospex]

Daily time frame update for the RSI.

Last time we saw a drop to oversold of the RSI was before around $4,000 and dropping below that area, last year.
So, no more bear powers ? Hmmmm

I share that opinion, let's see what BTC will do next.
Anonymous' $16k@october prognosis may become true (followed by another correction, as usual).

But i also second Gysur's opinion, the market has changed a lot since bitcoin futures were introduced.
I'm sure there will be new ATH but it may not occur following the patterns of the past.

[KnightElite]

Any future prediction is useless, Bitcoin always does what it wants.

100% agree. my impression is that the game changed in Dec 2017 with the introduction of Futures for BTC. since then the market is not the same as it was before since 2011. the Big Boys changed everything. prediction of the price is much more difficult now because a mighty instrument to short BTC is available since Dec 2017.

You can't never predict the price of the bitcoin but you can forecast its price using different types of analysis. Its is a reality that the bitcoin is in bear market again after its price breakdown again but we can see that the peice of the bitcoin is currently consolidating in its area of value. Let's see if there are good movements in this following days.

[whiteboy420]

I really miss Adam...

wondering why this thread is full of scammers now a days.

even the history in this thread got changed.

2017 changed a lot in bitcoinlandia and i don't like it.

[whiteboy420]

Current plan - watch 200DMA retest and quite likely - short it, depending on the action.
If we continue dumping hard without proper bounces, 7500-7600 should be a good buy zone for the actual proper bounce play.

[Globb0]

Have you read about microdosing psychedelic drugs to treat depressions?

Yes. I've read about it. Would rather deal with a professional. Not open to the idea of microdosing illicit substances, and can't do some psychedelics due to possible serotonin syndrome onset. Otherwise, I've been pretty well sorted out for a while now.

Yeah how do you stop just munching the lot

[El duderino_]

Ukraine Plans to Officially Legalize Bitcoin and Other Cryptocurrencies

https://twitter.com/redditbtc/status/1178019149873848329?s=21

[Globb0]

Since others are talking about religion and whatever they are wanting.
Just to mention Verlander passed 300 strikeouts to become another joining the 3000 strikeout club and his hot girlfriend Upton was at the game too!  


Just to have something to keep our mind off the dismissal price crypto is in right now.
Hoping for a better next month ahead!

Unfortunately that picture makes her look like hellraiser, I'm sure she's lovely and all. backs away.

[nutildah]

Its mental health day
On the WO thread
Who wants to trade meds?

[makrospex]

Its mental health day
On the WO thread
Who wants to trade meds?

health talk is needed
when price action goes sideways
through a blue weekend

(so also somehow bitcoin related, isn't it?)

[El duderino_]

Its mental health day
On the WO thread
Who wants to trade meds?

Sober up Sunday
Hate these rainy autumn days
Green would cheer me up

[Lambie Slayer]

Bad news.

After yesterday's green everything is awesome candle, we got the red candle again, at least for now. Looks like it is going to test that 9.2-9.3k.



I'll buy some serious amounts if this goes below $8k. and I don't mean small potatoes like $100.

Yes, it bears repeating that I see no special reason for 9k to hold. We keep testing close to it and neither newbs or institutions are stepping in en masse to buy corn at that price.

Lots of people, myself included are saying to themselves they will buy cheap corn if it gets to around 8k. Question is will they chicken out at that point if the doom callers start pounding the table or will they give us the big volume green dildo we need.

I dont think it can possibly go lower than 4900 but Im guessing that somewhere between 7500-8500 would put an end to this minibubble correction. Im not calling bottom till I see a shit ton of buyers or 4900 whichever comes first. My bet is bargain boyz step in with corn bags blazing around 8100.

via Imgflip Meme Generator

A month and a half ago I posted this and while I started leaning more bullish right before 9k was breached I still stepped in around 8k and bought a lot more corn.

What I have not seen is a shit ton of buyers come in on the weekly volume candles. Institutions are not coming atm as shown by bakkt and it looks like the true believers mostly exhausted their fiat on the way up to 14K.

Time to face the truth. We had a minibubble this summer and now we are towards the end climax of a mini bear market. I see little reason to believe high 7ks is the end as the serious buying (bargain boyz) have not stepped in yet in a major way.

What does this mean?

7500k will most likely be breached and then we need major volume at the 6000-6500 support to end this minibear. The good thing about the mini bear that the mini bubble created is it wont last long like the last big bear market. So fuck off in advance to all the bear trolls that will come out of the woodwork at 6500 saying its another 3 years of bear and 5 years till ATH

The overall bull market is still intact and nothing is wrong with having a mini bubble and mini bear inside the bull run to 100-300k. Approx 6k in the next 30 days would just be a reversion to the mean on HM's 2015 fractal and we could continue on in splendid fashion from there.

 Lets not forget the perfect storm we had during the mini bubble of bakkt hype(canceled), libra hype(canceled), tether panic(canceled), stock boyz ATH's an risk on environment (tentative), Fed signalling rate cuts and QE (happened but the buzz is gone) that propelled us to 14k prematurely and too far away from the halving to be sustainable.  The hangover is easier to handle when you admit you got drunk on the hype and fomo.

If we test 3k again then its fair to say we have never left the big bear market but I am 99.99999 percent sure that that wont happen.

I have one last big bag of fiat left for the low 6k region to purchase a nice sum of coins and if that gets breached, well fuck, my short term bearishness will have proven to be too conservative.

Have faith though hodlers that the halving and the soundest hardest money known to man will save us and we are almost through the worst of it with this mini bear market soon resolving itself as sweet bottom memes are posted at the perfect time.

The first over leveraged bull to lash out at me and call me a bear troll is a cunt-tard twat of a fucknut and will be shown no kindness by yours truly  

Better to focus on moving your fiat to exchanges and where to put in your buy orders than trying to fight long term bulls with short term bearish pragmatism like myself.  

PS: I put the most important parts in bold for the TLDR peeps out there.

[realr0ach]

I accidentally clicked on Youtube.  If anyone was wondering just how awful of "music" the Jewish media is trying to brainwash people with now, just Google "Billie Eilish" and "Mod Sun".