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

[El duderino_]

Mayer Multiple is 1.0, just like when it was at $5k last time.

Screaming: BUY TIME

Maybe if you're a careful day trader, but ultimately this thing is on its way to sub $1,000. Bitcoin simply cannot sustain anything more than that. It certainly will never be worth more than $10,000 again.

Like last time....??

[1695441873]

1695441873

[1695441873]

1695441873

[HairyMaclairy]

Long / short ratio drops below 2.0 for the first time since $6k.  Is the elastic band about to snap and hurl us the other way?

That would be a perfect play of my Bakkt prediction which is asking a bit much

[Globb0]

Volume.   Check!

Stamp had a 7998 stab eek

[El duderino_]

Volume.   Check!

Green dildo in sight??

Mic would totally agree

Provide me a dildo please or the queen has to pay cause lack of intrest

[El duderino_]

Btw I voted 20K

Just in case of the BAKKT warehouse would fill up 

[Globb0]

RSI in the gutter. Up from here? seems some pause for breath at least.

[Raja_MBZ]

BSV'ers think that that they're no longer correlated to BTC price movements...



They're correct. No other coin is that down!

[HairyMaclairy]

RSI in the gutter. Up from here? seems some pause for breath at least.

Local low of $7998 would be a great place to bounce from

Just increased the size of my DCA long by 10% in a single market order. I guess it’s not pure DCA anymore.

That will do for today.  Let’s sit back and watch. 

[El duderino_]

^^
NP jbreher will keep pumping/supporting that one

[600watt]

daily 200MA will be respected. on july 15 2017 it closed below. on july 16 2017 it opened and closed below. on july 17 2017 it opened below the 200MA (stamp)

200MA sits at $8270

not concerned at all.

oh, there is also good news:  

BCH -26%  
BSV -33%  

btc dominance on its way back to 70%.   alt-season, lol.  

[makrospex]

daily 200MA will be respected. on july 15 2017 it closed below. on july 16 2017 it opened and closed below. on july 17 2017 it opened below the 200MA (stamp)

200MA sits at $8270

not concerned at all.

oh, there is also good news:  

BCH -26%  
BSV -33%  

btc dominance on its way back to 70%.   alt-season, lol.  

from alt-season to salt-season 
(lol-season for bitcoiners)

[jbreher]

Who's seasick?

[LUCKMCFLY]

Well the price falling, it looks with volume, apparently there may be the Shorts to buy cheap ..... the smartest way to buy is cheap ....

[HairyMaclairy]

Cannon-Brookes' plan to export Aussie solar power to Singapore

Atlassian co-founder Mike Cannon-Brookes will invest part of his personal wealth in an audacious $25 billion project to create the world's biggest solar farm, its biggest power storage system, and a 3000-kilometre cable to export energy to Asia.

Speaking on the sidelines of the United Nations climate forum, Mr Cannon-Brookes revealed he would "shortly" declare how much equity he'll plough into the project company SunCable.

Atlassian is one of only a handful of prominent Australian companies signing up to reaching net zero emissions as part of a broader push to spur business into action in the face of what United Nations Secretary-General Antonio Guterres this week described as government "obstruction" on climate policy.

"I'm backing it, we're going to make it work, I'm going to build a wire," Mr Cannon-Brookes told The Australian Financial Review in an exclusive interview in New York on Monday (Tuesday AEST).

After months of rumours, the Financial Review Rich Lister has for the first time publicly confirmed some of the details around what would be a bold nation-building project of global significance.

The Northern Territory project, which will run alongside the railway, will take seven or eight years to connect to Darwin and Alice Springs then offshore through a cable under  Indonesian waters. It will be fully unveiled in the "next couple of months for sure".

Certainly before the end of the year," he said.

During this week's United Nations General Assembly, and immdiately after the interview, the tech entrepreneur met with the Singapore government for talks about about how to supply 25 per cent of the city-state's energy needs within a decade.

The Cannon-Brookes family office, Grok, will invest "along with a lot of other Australian entrepreneurs".
"We haven't announced who is involved but it's a pretty amazing crew," he said.
Mr Cannon-Brookes declined to provide a dollar amount, but his remarks put to rest speculation Grok's financial involvement would be limited to some form of lending facility.
The total project cost would be between $20 billion and $25 billion, he said.

Call it half an NBN project – and a much more inspiring infrastructure project, if I may say so," Mr Cannon-Brookes said.

"[The NBN] is OK, good; it's not great. This will be absolutely great – with world-leading engineering required all up and down. But we can do it."

Seated at a coffee table in the famed Plaza Hotel just off Central Park – fresh from a private meeting with former US vice-president and environmentalist Al Gore and media mogul and politician Michael Bloomberg – the entrepreneur outlined his vision for SunCable to evolve from a "lighthouse project" to unlock an industry supplying sustainable non-fossil fuel energy to billions in Asia.

A 'completely batshit insane project'

SunCable's plans include 15,000 hectares – equivalent to 7500 football fields – of photovoltaic panels near Tennant Creek, generating "more than 20 giga-watts" of capacity hooked up to a battery and high-voltage DC wire to the north.

It's a "completely batshit insane project", Mr Cannon-Brookes conceded. But the "engineering all checks out".
"Elon [Musk] assures me that his batteries will work at 50 degrees centigrade, which is what they need to do to work in Tennant Creek," he said, referring to the US entrepreneur's Tesla power storage company.

The project may also expand to providing cheap large-scale energy for the production of hydrogen fuel, which could then be exported to markets such as Japan and replace coal-fired steel plants – or even revive Australia's domestic manufacturing sector by producing "green steel", he said.

Mr Cannon-Brooks slammed what he described as a dearth of federal government vision on the need to address climate change and wean Australia off fossil fuel exports – which he said equated to between 10 and 12 per cent of the world's emissions.

That's insane for a country of 25 million people," he said.

While visiting the UN climate talks, which follow last week's rallies for action across major global cities, Mr Cannon-Brookes said Australia's failure to act was "shameful".
"You almost feel guilty walking around saying you're Australian in these places because you get looked at like, 'ah you guys, when are you going to figure it out?'," he said.

"This is a dire worldwide emergency and we need to treat it as such."
Helping pivot Australia from a coal shipper to a renewables-exporting superpower are a number of natural advantages, he said

"In a carbon-constrained world, Australia should be a winner.

[jbreher]

Goodbye 9500.

Get your Vegetas ready.

Prepare for Ree Vah Gee Tah

[Ludwig Von]

Zut, been offline for a few hours. Hummm the dumpers skipped dinner and worked overtime. Very strange all these coincidences, hashrate drop, BAKKT and lulz about institutional money, smells FUBAR all the way and miles against the wind. We will see and buy more, again... . Bring AEC (Average Euro shitcoin cost) down substantially looks like the tactics appropriate now.

[d_eddie]

Everyone getting short on mex. Funding on the swap predicted at negative max for next 8 hour period. Let the positions grow a little, and the tree will be shaken again. Up, this time.

[HairyMaclairy]

Observing $8692.  Bounce bounce bounce

[Biodom]

...I am a robot-screw "traffic lights" [they piss me off].

Re btc gyrations: IMHo, this was an interesting event.
I believe that it is connected to repo reinstitution.
Obviously, some biggie is in trouble.
In such 'batten down the hatches" situation, they sell everything they could, including btc.

Think about this: short term rates should be 1.75-2% (in US), yet nobody, but the fed wanted to provide liquidity unless you pay 8-10%.
This is crazy.

Although I bought before at higher, I am not going to deploy any cash right now. We might double dip or go lower (7.8-7.9).
Plus, I was busy working to catch 8K, which would have been OK (not much difference from 7.8-7.9).

Still, having bad vibes about the whole market.

[LFC_Bitcoin]

Bears, was that it?

Pathetic.