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

[JimboToronto]

A pleasant good morning Bitcoinland.

I take a leisurely hot bath and when I get out I see we've gone up a grand... currently $8464USD/$11049CAD (Bitcoinaverage)... very refreshing.

Too bad I couldn't afford to buy any coinz at the bargain basement prices but at least I didn't need to sell any either.

Life is good for those who hodl.

Go Bitcoin go.

[becoin]

But but but... TA guru told me chart is pointing at 6k. I guess chart is now pointing at 60k?

[d_eddie]

if you are scared from BAKKT impact on market, then brace for more:

Bakkt to Launch Options on Its Bitcoin Futures Dec. 9

Bakkt announced Thursday that it would “launch the first regulated options contract for bitcoin futures,” adding a new product to its current slate of physically-settled bitcoin futures contracts. CEO Kelly Loeffler said in a Medium post that the contracts were built in response to customer feedback, and that ICE Futures US self-certified the contract through the U.S. Commodity Futures Trading Commission (CFTC).

I am afraid time has come to write the option equivalen to my Everything you wanted to know about BTC futures but were afraid to ask! post.
Gigantic work, but has to be done.

Options for bitcoin FUTURES, again. How about plain old options? I wonder why they're approaching it this way.

Option on a physically settled future on bitcoin are basically the same thing of an option on the bitcoin itself. I really can’t see any difference.

They're almost the same thing - but only if settlement date of the options coincides with that of the underlying future.

They are doing so to “recycle” a few items legally I think. But nothing real for the user.

I agree on the "recycling" bit, but but... they must have hard btc because of physical settlement... so where does the need to recycle come from?

Edit: I saw the message from Javi on the choice between physical or cash settlement of the options. I don’t know his source, but it looks very odd to me, but everything is possible.
If I know more, I will let you know.

This choice is a bit fishy. Fractional reserves maybe? Tu quoque, Bakkt?

[Icygreen]

[Lucius]

via Imgflip Meme Generator

[goldkingcoiner]

That was a nice pump. Made more coin haha.

[El duderino_]

comeing......

[Icygreen]

Happy to have picked up a few more bit cents while the bear trolls did their best. 

[soxxx]

[fillippone]

https://bitcointalk.org/index.php?topic=5195299.0

Wall Observer searching for some support imo...

Little bump.
Hopefully WO Gang is happy for the green dildo so in good mood to support Fillippone MS application!

[Icygreen]

Well go on, poke it 

[willope]

For those that didn't see it in the news, I've taken a photo of the terrorist attack:

R.I.P.
There's an urban legend that speaks of one survivor bear. It's weak now and hiding in the woods. But one day, when you won't remember the old bad times of fear anymore, the bear will return in search of vengance.

[El duderino_]

But but but... TA guru told me chart is pointing at 6k. I guess chart is now pointing at 60k?

Indeed my brother ..... 60K comeing

[LUCKMCFLY]

In this analysis:

$BTC Update

Bullish candle that woke the market,  was hedge short myself 1x got stopped out and still up in BTC

Late shorts got punished and literally knocked out all stops

A great start but still want to see price break/close above previous resistance $8,374+

Happy Friday

via: @Josh_Rager

When looking at the volume profile, it is clear that the road to reach $ 10k is not with such resistance, considering that all Shorts close, an effort made by the bulls can quickly reach that level.

[El duderino_]

via Imgflip Meme Generator

Just one of those THX

[legendster]

I must be lucky for ya'll I leave WO for a few days and BTC goes kaput to $7400s. And now that I am back, BTC is back up at $8400s

Who's buying me presents this Christmas?  

[willope]

Just one of those THX

"Minimalist Chistmas tree"? Or a giant butt plug?

[fillippone]

They're almost the same thing - but only if settlement date of the options coincides with that of the underlying future.

Absolutely correct!
I had this expiry equivalence baseline assumption. Having montlhy future expiry, I tought these are dense enlough (do we really need weekly expiry options?)

I agree on the "recycling" bit, but but... they must have hard btc because of physical settlement... so where does the need to recycle come from?

I mean they wanted to "recycle" something on the regulatory/pospects/ authorisation material. Not the bitcoin themselves. Easier to have the oiption end up in an already authorised product to get them faster on the market. I guess.

Edit: I saw the message from Javi on the choice between physical or cash settlement of the options. I don’t know his source, but it looks very odd to me, but everything is possible.
If I know more, I will let you know.

This choice is a bit fishy. Fractional reserves maybe? Tu quoque, Bakkt?

I really don't know.
I unleashed my spies in the financial system to have thios mistery solved for you, fellow mates.

[SuperTA]

Hi! W.O. I'm back. Just to announce something. First of all i would like to say that  we can be happy and we can't complain.
You remember this chart?
https://bitcointalk.org/index.php?topic=5182395.msg52377811#msg52377811

 So we had this chart here and if you are a trader you could sold right at the local top 11k, where we announced our first major resistance. So if you are a trader you regret nothing! If you are a holder you hold through your good and a bad times and regret nothing! I'm a part trader but mostly hodler. I sold some at this top and today i announce that i bought the first dolar cost average at 7400 usd which is not bad after 11.000 sell. If it drops more i buy more. I don't like to be a bearish too much and don't want to talk much about that. Yes, we are currently bellow the weekly 21 EMA and 20 MA which is kinda bearish but many traders here wanted to get another buy opportunity, to buy cheaper at 8k. So you got even 7300. So your wish came true. I know you don't like CME chart but there was / is a 7200 usd gap and gaps almost always fill.

I hope you listened and bought at 7400 usd. I came back on the 23 October just to announce that i bought at 7.4k because almost all traders were bearish.
But according to comments i don't think many of you bought, but still i hope you did. Like i said before this pump, the key level to watch is between $8.800 and $8900 area.

[El duderino_]

Just one of those THX

"Minimalist Chistmas tree"? Or a giant butt plug?

Whatever you seems fit