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

[FullNode]

Week commencing Monday 13th January 2020 - WO BTC millionaire tracker.

123.667 BTC to have $1,000,000 USD right now.

This is great

Soon 1 BTC 100,000
After 1 BTC 1,000,000

[Icygreen]

I am so bullish and bearish right now. Perhaps the first time feeling quite balanced.  Now, I'm ready for it to prove me wrong.

[heslo]

I am so bullish and bearish right now. Perhaps the first time feeling quite balanced.  Now, I'm ready for it to prove me wrong.

Yeah it definitely feels like we could go either way at the moment. I think the longer we stay this side of the 8k barrier though the better it is. I don't expect any more massive movements until the end of the month. Let's see how good my TA is (HINT: It's pretty bad)

[El duderino_]

I am so bullish and bearish right now. Perhaps the first time feeling quite balanced.  Now, I'm ready for it to prove me wrong.

Yeah it definitely feels like we could go either way at the moment. I think the longer we stay this side of the 8k barrier though the better it is. I don't expect any more massive movements until the end of the month. Let's see how good my TA is (HINT: It's pretty bad)

I don't expect any more massive movements for this minute i'm in at the moment, after that I will need some new TA before I speak my mind

[ChiNgadOr]

Let's see how is doing BTC in CME:
- 61.8 FIB (8665$)  is the resistance level for CME
- 50AM and 100MA crossed below 200MA
- there are 3 gaps pending:
over us at 12k
under us at 6.1k and 3.6K

[El duderino_]

You are saying ??^

[dragonvslinux]

Let's see how is doing BTC in CME:
- 61.8 FIB (8665$)  is the resistance level for CME
- 50AM and 100MA crossed below 200MA
- there are 3 gaps pending:
over us at 12k
under us at 6.1k and 3.6K

I referenced this the other day, but I'll do it again. CME looks like a shorting opportunity. Whether you'd get rekt™ over it is another story, but that's what it looks like to me.



Note, as you can tell by the chart, I wouldn't be entering this position (on BTCUSD) until Wednesday, ie until the fractal pattern continues to consildate at the highs whilst failing to break through resistance. Even though the market is already open and I'm short-term bearish.  For reference sake, this is the first 100 & 200 MA bear cross on CME, so there is no previous data to extrapolate*. However, if you had shorted this bear cross on BTCUSD last month, you would of made a tidy 25% profit from the trade:



Don't mean to be the bearer of bad news, but bear crosses are bear crosses  

*Now thinking I should of extrapolated the BTCUSD bear cross from last month, instead of the previous fractal, as would likely be more relevant with a target to low 6s instead of high 5s. But either way, there's a good few reasons why this is still bearish to me, not forgetting the bearish channel that's still intact.

[d_eddie]

Crypto Derivatives Exchange FTX Launched Bitcoin Options Trading

Cryptocurrency derivatives exchange FTX has launched Bitcoin (BTC) options trading on Jan. 11.

FTX CEO Sam Bankman-Fried announced in a tweet yesterday that options were listed on the trading platform. Furthermore, later the same day he also claimed that options trading volume on the exchange reached $1 million in about 2 hours.

https://cointelegraph.com/news/crypto-derivatives-exchange-ftx-launched-bitcoin-options-trading

Haven't looked this up
settled in cash, I wager...
useless Wall Street trash?




#haiku

[Millionero]

If you use firefox upgrade it immediately. It has a serious bug that's already being exploited.


https://www.pcworld.com/article/3513538/mozilla-firefox-vulnerability-is-so-bad-the-us-government-is-urging-users-to-patch-it-immediately.html

This Firefox vulnerability is so bad, the U.S. government is urging users to patch it immediately

Why no mention of mobile?
Searched until I got tired of it.
Anyway I made sure Firefox on my daily drive linux box is updated.
Android tells me my mobile Firefox browser is up to date, but it shows an older version number than the one cited in the warning.  So I'll refrain from using it for now.
If the mobile browser is actually safe, they should say so.

[NeuroticFish]

Why no mention of mobile?
Searched until I got tired of it.
I'm not sure they even stated they're specifically talking about the pc platform browser.  Though I think that's practically obvious.
Anyway I made sure Firefox on my daily drive linux box is updated.
However, my mobile Firefox browser shows an older version number, so I'll refrain from using it for now.

I guess that you should start from here: https://bitcointalk.org/index.php?topic=5216208
For mobile you need at least 68.4.1

[Millionero]

ESR stands for extended support release (had to google it).
From your post, apparently "ESR" is synonymous with mobile for the purpose of ordinary users.
That's one more thing left unstated in the advisories.
What is is with technical writers?
Especially in a case such as this, they need to be aware of the audience.  What the audience knows (not much), and what the audience doesn't know (mostly everything).

[Last of the V8s]

The New Kipling:
https://www.instagram.com/p/BwohtQklcxR/

You're not a man till you've had a man.

[NeuroticFish]

ESR stands for extended support release (had to google it).
From your post, apparently "ESR" is synonymous with mobile for the purpose of ordinary users.
That's one more thing left unstated in the advisories.
What is is with technical writers?
Especially in a case such as this, they need to be aware of the audience.  What the audience knows (not much), and what the audience doesn't know (mostly everything).

I have read that post I've linked, I've checked my mobile version, I've seen that it's 68.4.1 and I didn't check further.
I think that they may be expecting mobile users keep automated updates on.
Of course, assuming anything about the users is plain wrong.

[dragonvslinux]

While feeling short-term bearish, I always like to review the longer-term bullish scenarios, of which I already have a few. Now that more data has been crunched by the indicators I predominantly use (CMF, RSI and MACD), there is noticeably potential for a rounding bottom formation. The indicators and also confirming this possibility, this is first piece of evidence for a new ATH this year (that everyone has now seemingly ruled out):



CMF: bullish divergence approaching 0
RSI: Finding support from 40 (bearish level)
MACD: Losing bearish momentum

Price would need to confirm this pattern with a new swing low in early February (6th-11th ideally), in order to continue moving higher in this manner.
Haven't published this on TV yet, was hoping to get some opinions or alternative perspectives from this thread 

[_javi_]

Price would need to confirm this pattern with a new swing low in early February (6th-11th ideally), in order to continue moving higher in this manner.

That swing low price action is confirmed, as in February i will be on a planned holiday abroad with family and i need to sell some corn (fiat reserves already depleted). 

[mindrust]

While feeling short-term bearish, I always like to review the longer-term bullish scenarios, of which I already have a few. Now that more data has been crunched by the indicators I predominantly use (CMF, RSI and MACD), there is noticeably potential for a rounding bottom formation. The indicators and also confirming this possibility, this is first piece of evidence for a new ATH this year (that everyone has now seemingly ruled out):



CMF: bullish divergence approaching 0
RSI: Finding support from 40 (bearish level)
MACD: Losing bearish momentum

Price would need to confirm this pattern with a new swing low in early February (6th-11th ideally), in order to continue moving higher in this manner.
Haven't published this on TV yet, was hoping to get some opinions or alternative perspectives from this thread 

This is a pretty optimistic view. I'd prefer that one too but what if this happens?



The new ath and $50k+ might take longer than we expect. Anybody here has enough patience to wait till 2023? (...for a friggin new ATH )

[ChiNgadOr]

Selling pressure rising, along with open interest, which is already nearly $800Millions in the most popular exchange. People overleveraged long will liquidated in a while...

[ChiNgadOr]

While feeling short-term bearish, I always like to review the longer-term bullish scenarios, of which I already have a few. Now that more data has been crunched by the indicators I predominantly use (CMF, RSI and MACD), there is noticeably potential for a rounding bottom formation. The indicators and also confirming this possibility, this is first piece of evidence for a new ATH this year (that everyone has now seemingly ruled out):



CMF: bullish divergence approaching 0
RSI: Finding support from 40 (bearish level)
MACD: Losing bearish momentum

Price would need to confirm this pattern with a new swing low in early February (6th-11th ideally), in order to continue moving higher in this manner.
Haven't published this on TV yet, was hoping to get some opinions or alternative perspectives from this thread 

This is a pretty optimistic view. I'd prefer that one too but what if this happens?



The new ath and $50k+ might take longer than we expect. Anybody here has enough patience to wait till 2023? (...for a friggin new ATH )

People keep on talking abot thousands of dollars as it was about cents.. Exponential gains won't last forever. I already talked about this in other thread https://bitcointalk.org/index.php?topic=5216737.0

Tehre is a german saying «Bäume wachsen nicht in den Himmel», translated to  "trees don't grow in sky", which means there is a natural limit for every kind of growth..
See what is happening in US stock market.. look at Apple, Tesla.. do you think they will rise indefinitely? what comes after exponential growth?  well, you decide, I am shorting like crazy.. time will tell us who was right and wrong

[LFC_Bitcoin]

People keep on talking abot thousands of dollars as it was about cents.. Exponential gains won't last forever. I already talked about this in other thread https://bitcointalk.org/index.php?topic=5216737.0

Tehre is a german saying «Bäume wachsen nicht in den Himmel», translated to  "trees don't grow in sky", which means there is a natural limit for every kind of growth..
See what is happening in US stock market.. look at Apple, Tesla.. do you think they will rise indefinitely? what comes after exponential growth?  well, you decide, I am shorting like crazy.. time will tell us who was right and wrong

LOL

I love the smell of burnt shorts mixed with bear tears.

[mindrust]

While feeling short-term bearish, I always like to review the longer-term bullish scenarios, of which I already have a few. Now that more data has been crunched by the indicators I predominantly use (CMF, RSI and MACD), there is noticeably potential for a rounding bottom formation. The indicators and also confirming this possibility, this is first piece of evidence for a new ATH this year (that everyone has now seemingly ruled out):



CMF: bullish divergence approaching 0
RSI: Finding support from 40 (bearish level)
MACD: Losing bearish momentum

Price would need to confirm this pattern with a new swing low in early February (6th-11th ideally), in order to continue moving higher in this manner.
Haven't published this on TV yet, was hoping to get some opinions or alternative perspectives from this thread  

This is a pretty optimistic view. I'd prefer that one too but what if this happens?



The new ath and $50k+ might take longer than we expect. Anybody here has enough patience to wait till 2023? (...for a friggin new ATH )

Same view on 2014-2017 bowl.



From 2014's ATH to early 2017, it took exactly 3 years. But 20k ATH at late 2017, the triangle is bigger than the 1k. A lot bigger. My logic says the recovery from the last ATH (20k) should take a lot longer too.

See the triangle from 2014? It took 1 year to all the way down. Only then we started to consolidate for a year. Then rise. Looks like our current triangle is about to take MORE than 2 years. Maybe even 3. Fuck.

I hope It doesn't happen that way and we'll see a moon rocket straight to the new ATH after the halvening.

The only good news is on these charts, 200 Weekly MA is pretty much the safest bottom and you can't lose  if you buy from that support line.