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

[HairyMaclairy]

The charts may look like shit right now. But if we can hold above $8060 to the close of the week, it will be our first green weekly candle after 3 red candles.

[Biodom]

yes, chart looks bad and the whole 'premature fractal' looks even worse.
In fact, we started 2016-2017 bull run about 9 mo before halving.
Therefore, we are not ahead, but late by two months if you don't consider the move to 13.8K as a true "run".
The best we can count on here is slowly sloping upwards, hopefully exceeding the 200da MA.
If not, we will undergo a 'death cross' in one or two months.

My current thinking is that it is looking very bearish when it "should" have been progressively bullish (in this time zone vs halving)

[HairyMaclairy]

According to the 2015 fractal, we could run sideways from here to May 2020.  It would be a bit boring but I wouldn’t consider it disastrous. 

[Biodom]

According to the 2015 fractal, we could run sideways from here to May 2020.  It would be a bit boring but I wouldn’t consider it disastrous.  

A flat would be fine, but a quick downdraw to 5900 looks equally possible (numbers are taken from the chart, i am not predicting it).
BTW, from a historic perspective, 2015 (year before halving) had just 34% appreciation.
We started 2019 with about $3961, 34% on the top of this is roughly $5450.
Why I am comparing 2015-2016 with 2019-2020?
Because of the similar position vs halving (2016-July, 2020-end of May, provisionally).

[Arriemoller]

A guy on a train from London knocking out a man (with his forehead, don't know what that's called in English, we call it a "danish skull") that had been running around the train and threatening people with a knife, among other things

https://youtu.be/omzf9it2hLg

[jojo69]

smacko

play stupid games...


I wish someone had done that to that nazi motherfucker down in PDX  https://www.nytimes.com/2017/05/27/us/portland-train-attack-muslim-rant.html

[nutildah]

A guy on a train from London knocking out a man (with his forehead, don't know what that's called in English, we call it a "danish skull") that had been running around the train and threatening people with a knife, among other things

https://youtu.be/omzf9it2hLg

I guess the term would be "head butt." That guy's got a titanium cranium. Looks like he's practiced that move a few times in the past.

[HairyMaclairy]

Glasgow kiss

[VB1001]

Another interesting but more complicated indicator. Useful? Why?

Reserve Risk by @hansthered visualizes HODLers confidence relative to current $BTC. Green zone is an attractive risk/reward where purchases have produced outsized returns over time. https://www.lookintobitcoin.com/charts/reserve-risk/ …

https://twitter.com/Bitcoin/status/1180219873567182849

https://www.lookintobitcoin.com/charts/reserve-risk/

[mindrust]

The charts may look like shit right now. But if we can hold above $8060 to the close of the week, it will be our first green weekly candle after 3 red candles.

Do you also see what I see?

Earlier I said, this dump looks a bit like the 6k>3k dump.



We are under 200DMA but somehow we still have hope because are hanging there and fighting. Maybe another little dip to 7k, then bounce back, then consolidate a little bit more, then new ATH.

[VB1001]

Stock-to-Flow article available in 19 languages:

Chinese
Croatian
Czech
Dutch
English
French
German
Greek
Indonesian
Italian
Japanese
Korean
Norwegian
Portuguese
Romanian
Russian
Slovenian
Spanish
Turkish
Who wants to help with Persian, Hindi, Arabic etc?

https://twitter.com/100trillionUSD/status/1179386497553838080

Modeling Bitcoin's Value with Scarcity

https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25

If you want to read the Stock to Flow article in your native language, it is translated into many languages.

[Negotiation]

According to the 2015 fractal, we could run sideways from here to May 2020.  It would be a bit boring but I wouldn’t consider it disastrous. 

Few minute ago my friend said that bitcoin now going down around $6000 other hand November last week hit $30000 i'm not understand anyone have idea.

[bitcoinPsycho]

A guy on a train from London knocking out a man (with his forehead, don't know what that's called in English, we call it a "danish skull") that had been running around the train and threatening people with a knife, among other things

https://youtu.be/omzf9it2hLg

Head butt or nut

[VB1001]

https://twitter.com/CryptoWelson/status/1142355065606410240

For those who like adrenaline, some patterns for trading.

[Arriemoller]

The Greta antidote. Choose English subtitles if it doesn't come om automatically.

I love this guy, he makes a new video every Saturday morning, and they are all usually good.

https://www.youtube.com/watch?v=KUh7KPOSTac

[VB1001]

New York Fed extends daily repo operations to November 4

https://www.reuters.com/article/us-usa-fed-repo/new-york-fed-extends-daily-repo-operations-to-november-4-idUSKBN1WJ29L

[makrospex]

yes, chart looks bad and the whole 'premature fractal' looks even worse.
In fact, we started 2016-2017 bull run about 9 mo before halving.
Therefore, we are not ahead, but late by two months if you don't consider the move to 13.8K as a true "run".
The best we can count on here is slowly sloping upwards, hopefully exceeding the 200da MA.
If not, we will undergo a 'death cross' in one or two months.

My current thinking is that it is looking very bearish when it "should" have been progressively bullish (in this time zone vs halving)

There's rumor about a guy that stole 200k BTC, went underground and is suspected to slowly dump them. I think it was the same one that claimed to lost the key to an exchange cold wallet because the only one that knew the seed/ had the key, unfortunately died. The timing is said to be related to that small dumpings after the recent $13k top.
That could explain some things. In the long run, we're still going up gradually after every dump. Once the bears are out of ammo, everything should be fine, no?

Sorry for being unprecise and not providing sources about the rumors, it's still early, the missus is out and the kids are restless AF ...

EDIT: I think i also see many small dumps at around the same daytime (after 12pm GMT). But that could be only my weak memory, again

[fillippone]

According to the 2015 fractal, we could run sideways from here to May 2020.  It would be a bit boring but I wouldn’t consider it disastrous. 

I find this fractal likeness fascinating, but I doubt we will follow the same path again.
PlanB article, for example, spoiled halving effect on prices: now investors know that after, the halving,  price will eventually rise, and being rational, are front-running this effect.
This is why we are a few months in “advance” compared to last cycle. I guess we will maintain this “shift” compared to last cycle, as markets are more mature and better incorporate public informations.

[BitcoinGirl.Club]

Good morning WO!
Observing @ $ 8,103

[d_eddie]

She's drifting downwards
we try to figure out why
swear I didn't poke



#haiku