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

[serveria.com]

......Further, like you suggested, we have experienced a few of these BTC upsurge movements, but they ended up correcting decent amounts, even if it took longer to correct than it had to go up, so in that regard, it can be difficult for buy pressure (support) to keep up if the price is just NOT ready for the Upwards movement and to establish a new station.  Personally, it would be nice to see $10k resistance to get challenged and then if necessary to settle back down into the $8,500 to $9,500 range for a few months that might end up dragging out to the halvening, or so.  ....

Yes. I merely reiterate what I have always said:   To be on course for an ATH in the next 2 years, the price needs to creep slowly upwards: small rises, small corrections, almost boringly slow.

The big pumps that end in a spike are nearly always very bad news indeed. I immediately saw that in the move to 13500 back 6 months ago. It was obvious that that one derailed the whole bull run. The second one to 10500 just made matters worse. I observe this natural pattern in many markets.

If you want a sustainable run to ATH, then hope for a tight range in the next 6 months, and a disappointingly slow boost from the halving. 10k at year end will be fine. Sorry for being the bearer of boring news, but that's life. Rejoice in the small stuff.

What about the halvening? $10k end of year would mean halvening had no effect on BTC price which is kinda weird if not impossible at all....

Getting into 5 digits and staying there is NOT a huge pump it's not even big... as we see from history halvening brings us at least to the area of previous ATH...  

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[Last of the V8s]

I see hardly any posts nowadays about market depth (which after all is the topic of WO).

I don't collate the stats myself, and I used to rely on this (or similar) sources. Is anyone here collecting and processing bid/offer depth data ?

https://vcdepth.io/coins/bitcoin-btc
https://data.bitcoinity.org/markets/books/USD

[Majormax]

......Further, like you suggested, we have experienced a few of these BTC upsurge movements, but they ended up correcting decent amounts, even if it took longer to correct than it had to go up, so in that regard, it can be difficult for buy pressure (support) to keep up if the price is just NOT ready for the Upwards movement and to establish a new station.  Personally, it would be nice to see $10k resistance to get challenged and then if necessary to settle back down into the $8,500 to $9,500 range for a few months that might end up dragging out to the halvening, or so.  ....

Yes. I merely reiterate what I have always said:   To be on course for an ATH in the next 2 years, the price needs to creep slowly upwards: small rises, small corrections, almost boringly slow.

The big pumps that end in a spike are nearly always very bad news indeed. I immediately saw that in the move to 13500 back 6 months ago. It was obvious that that one derailed the whole bull run. The second one to 10500 just made matters worse. I observe this natural pattern in many markets.

If you want a sustainable run to ATH, then hope for a tight range in the next 6 months, and a disappointingly slow boost from the halving. 10k at year end will be fine. Sorry for being the bearer of boring news, but that's life. Rejoice in the small stuff.

What about the halvening? $10k end of year would mean halvening had no effect on BTC price which is kinda weird if not impossible at all....

Getting into 5 digits and staying there is NOT a huge pump it's not even big... as we see from history halvening brings us at least to the area of previous ATH...  

That can all happen, but it is the timescale that is the big variable. : Might be End 2021 rather than 2020. Cycles are getting longer as market cap gains weight.

My thesis is simply this :

 Shallowing of the long-term chart is to be expected, and is a positive ...steepening is a negative , it just interrupts the natural flow, and takes more time to be corrected.

[Majormax]

I see hardly any posts nowadays about market depth (which after all is the topic of WO).

I don't collate the stats myself, and I used to rely on this (or similar) sources. Is anyone here collecting and processing bid/offer depth data ?

https://vcdepth.io/coins/bitcoin-btc
https://data.bitcoinity.org/markets/books/USD

I especially like that real-time  (edit: order book) graphic in Bitcoinity . It is a standard depth graph, but seeing those changes actually makes you realise how much noise (and rapid variation) there is in the data.

In a way, it is signalling it's own irrelevance !

[dragonvslinux]

Latest theory on Wyckoff Accumulation pattern:

I still think that $BTC is in a Wyckoff Accumulation pattern. However, now I am using a different schematic since it appears we have exited Phase C without getting a spring.

Souce: https://twitter.com/Sawcruhteez/status/1214306177292615680

[Cryptotourist]

Observing $9136.96

Ooooopps, not yet.

[Icygreen]

I see hardly any posts nowadays about market depth (which after all is the topic of WO).

I don't collate the stats myself, and I used to rely on this (or similar) sources. Is anyone here collecting and processing bid/offer depth data ?

https://vcdepth.io/coins/bitcoin-btc
https://data.bitcoinity.org/markets/books/USD

Thanks, the bitcoinity depth charts are especially interesting. Might even inspire some 'on topic' posts more often.
Looks like everyone but bitfinex have little walls at 8k for now.

[FullNode]

Welcome to the forum

Thank you, for this, I assure you that the merits will be well distributed in Wall Observer.

[El duderino_]

Welcome to the forum

Thank you, for this, I assure you that the merits will be well distributed in Wall Observer.

That’s good but not that it’s a must, just to a bit of deserving members and not to spammers etc



That Globb0 kind guy isn’t he !

[El duderino_]

My native language is Spanish, although I understand some English.

No problem, we have a very high respected-established member in the WO.... VB1001, probably some more but from him I’m sure ...

Also to many Dutch people

Game closes Friday, so still possible...

[FullNode]

I see most avatars with a hat, any special reason?
To be part of the thread is a hat necessary?

[vapourminer]

[...]
Regarding my walls of text, I agree.  Sometimes it is better to just skip them or skim them.... depending on your mood and level of patience.

i just HAD to quote this for posterity.

[Arriemoller]

I joined the forum in April 2019 and had not seen this thread before, today I have entered the thread of (halving) micgoossens and it has taken me to Wall Observer, I have immersed myself in previous messages and I have observed that more than a typical thread of a discussion forum, looks like a group of friends talking about Bitcoin, I like it.

My native language is Spanish, although I understand some English.

I started with BTC in 2019 with a very small monthly purchase, but it is the one I can allocate, for now, it is a long-term investment, I wanted to participate in the halving contest, but according to the rules, it is not my reach

The meaning of the username is accurate, I have a full node working 24/7 since I registered.

Although my forecast for half in the contest, I estimate that the price will be between 9000 and 10000, I have seen very high prices and very low prices on the list, with 10,000 good.

Good luck to everyone in the contest.

Welcome to the thread.

[vapourminer]

Dude put me on Z-Pak for 5 days (antibiotic), Albuterol inhaler, and QVAR inhaler corticosteroid to reduce inflamation. Platelet counts are higher than normal, likely due to fighting off the infections, but seeing a hematologist some-time this week to get the official rundown - Currently taking baby asprin every morning to thin my blood out a bit in the meantime.

im sure your hematologist should be on top of this but blood thinners are very picky as to doses and such (dunno if youre on any but you mentioned thinning your blood). make sure your MD know ALL meds even OTC stuff you may not think of as drugs. im sure you know this but i have to say it anyway.

Getting old fucking sucks.

oh man. indeed it does.

[vapourminer]

I did see I had been removed from the list but then saw the rules of the 25 earned merit so I didn't speak up. I'm not upset (unless I guessed the right price then I'll be a little salty haha) I guess I'll just have to earn more merits for the next time

i added another 3 merits so you are now at 275. so that may put you there, but im unsure what you started with (250?)

[El duderino_]

I did see I had been removed from the list but then saw the rules of the 25 earned merit so I didn't speak up. I'm not upset (unless I guessed the right price then I'll be a little salty haha) I guess I'll just have to earn more merits for the next time

i added another 3 merits so you are now at 275. so that may put you there, but im unsure what you started with (250?)

Probably 250

[heslo]

I did see I had been removed from the list but then saw the rules of the 25 earned merit so I didn't speak up. I'm not upset (unless I guessed the right price then I'll be a little salty haha) I guess I'll just have to earn more merits for the next time

i added another 3 merits so you are now at 275. so that may put you there, but im unsure what you started with (250?)

Thanks bud! And honestly, I don't know how many I needed haha

Also, looks like a bit of movement again, start of the next leg up perhaps?

[makrospex]

I did see I had been removed from the list but then saw the rules of the 25 earned merit so I didn't speak up. I'm not upset (unless I guessed the right price then I'll be a little salty haha) I guess I'll just have to earn more merits for the next time

i added another 3 merits so you are now at 275. so that may put you there, but im unsure what you started with (250?)

Thanks bud! And honestly, I don't know how many I needed haha

Also, looks like a bit of movement again, start of the next leg up perhaps?

Looks to me like knocking onto the $8k door.
bitcoin: "come in!" 

[vapourminer]

I did see I had been removed from the list but then saw the rules of the 25 earned merit so I didn't speak up. I'm not upset (unless I guessed the right price then I'll be a little salty haha) I guess I'll just have to earn more merits for the next time

You almost there, w it only closes Friday .... so we will push you over the line I’m sure of that

i think hes at the 25 earned merits now (just threw him some)

[El duderino_]

I did see I had been removed from the list but then saw the rules of the 25 earned merit so I didn't speak up. I'm not upset (unless I guessed the right price then I'll be a little salty haha) I guess I'll just have to earn more merits for the next time

i added another 3 merits so you are now at 275. so that may put you there, but im unsure what you started with (250?)

Thanks bud! And honestly, I don't know how many I needed haha

Also, looks like a bit of movement again, start of the next leg up perhaps?

Maybe this was all good for your prediction, let it come cheers