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

[Last of the V8s]

Oh hey it's the weekend.

[1715570695]

1715570695

[1715570695]

1715570695

[1715570695]

1715570695

[jojo69]

blursday

[Toxic2040]

Oh hey it's the weekend.

+1 WOsMerit

the groundhog pandemic continues...



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the noon wall report at 12:49pm

Consolidation in the trenches continues as bitcoin trades in a tight range. No man's land between $7.4k and $7.8k and declining volume suggest incoming volatility.  #dyor

1h


4h


D

#stronghands

[JayJuanGee]

User 'BitCoinBurger' has not chosen to allow messages from newbies. You should post in their relevant thread to remind them to enable this setting.

Brilliant!

weak

I happened to have a highly leveraged BSV short open at the moment. Was biting my nails as it approached the $200 mark, but then the fever broke and it skidded down to $194. Closed out now. Am still down for the week overall. It remains a dangerous market to be trading.

What are the hottest cryptos right now for margin trading?

Oh gawd!!!!

Look who wants to come and scam us.   

[JayJuanGee]

Edit- I'm member ranked account  

You should get a hat.

Homer?

Gotta be full member to actually wear the hat, which is activity level of 120 and merit level of 100.

[Biodom]

Acrimony begins (or continues):

https://news.trust.org/item/20200426101936-kk4la

I can say that in TX, they try to implement CARES act for unemployed 1099 workers, but it ain't working well yet, and TX is one of the few states which even tried so far.
So, all those restaurant and store workers had no income since mid March, apart from those who got the $1200 stimulus.
Not a great situation.

No wonder that Central banks are meeting. They probably have some advanced data into the depth of this economic decline.
https://www.bloomberg.com/news/articles/2020-04-25/world-s-biggest-central-banks-meet-as-pressure-mounts-to-do-more

I just hope that they would not cut interest rates into negative territory in US.

[El duderino_]

When does number cross 8K 

[bitcoinPsycho]

When does number cross 8K 

2am GMT

[jojo69]

never

first all the people die

then the nodes go dark one by one

[Toxic2040]

never

first all the people die

then the nodes go dark one by one

alright ibian...where is jojo and what have you done to him?

[jojo69]

[Raja_MBZ]

[sirazimuth]

Yeah let's Fuck The Pope.
....

https://www.youtube.com/watch?v=EFsZRQL6QdI

[JayJuanGee]

When does number cross 8K 

2am GMT

Getting damned close.

We could almost say that the inching up of BTC prices has been happening since March 12..... and that can be seen by every weekly candle coming out green for 6 weeks, and now we are on week 7, and will we get another green candle?  We have a whole week to find out because the sixth one just closed an hour ago, so the new weekly candle has barely begun.

Even the three day candles have only three red ones out of 15, so are we getting overheated, or can we persist and push up to $8k and perhaps above $8k?

By the way, one of my favorite past times continues to be answering questions with questions, so I am hardly the person to ask about my predictions, especially if they deal with the subject of the future.   

[Elwar]

So...the first price doubling has happened...

[sirazimuth]

Except I'm not in lockdown, my work is an essential business, and I consider myself very lucky to be still working with overtime in these surreal times.
I have my temperature taken before I'm allowed in the building (obviously has to be normal or I'm sent home) and mask mandatory.
My last job at work was a system to make ventilator parts for a major mega customer.
Makes me feel good about what I'm doing.
To be clear, I never drink on the job, but once shift ends and I'm home ...bottoms up.

[Toxic2040]

the evening wall report


A bearish engulfing candle on the hourly and a possible double top on the four hour chart is signaling a possible change on local time frames. A lot of sell orders stacking at the $7.85k and $8k range with traders appearing reluctant to engage at these levels. Sideways accumulation continues until the bearish $7.5k level or the bullish $8k level is breached for the confirmation of a trend change.

1h


btd's
4h


Six weeks of gainz leaving us sitting above high time frame support levels and testing a previous resistance zone are indicating we might see some profit taking soonish. A strong impulsive move above -0382 fib would over ride local bearish consolidation. #dyor
W

#stronghands

[JayJuanGee]

the evening wall report


A bearish engulfing candle on the hourly and a possible double top on the four hour chart is signaling a possible change on local time frames. A lot of sell orders stacking at the $7.85k and $8k range with traders appearing reluctant to engage at these levels. Sideways accumulation continues until the bearish $7.5k level or the bullish $8k level is breached for the confirmation of a trend change.

1h


btd's
4h


Six weeks of gainz leaving us sitting above high time frame support levels and testing a previous resistance zone are indicating we might see some profit taking soonish. A strong impulsive move above -0382 fib would over ride local bearish consolidation. #dyor
W

#stronghands

Are the shorts stacking up too, in order to provide some fuel for them to get RECKT?  That would be a lovely sight, no?  Might stimulate ting-a-lingies for any of us who might still be able to experience such feelings.

[Toxic2040]

Are the shorts stacking up too, in order to provide some fuel for them to get RECKT?  That would be a lovely sight, no?  Might stimulate ting-a-lingies for any of us who might still be able to experience such feelings.

You would really have to look at each exchange and see the L/S ratios. I dont have a overall metric that is easily disseminated unfortunately.

A quick look at Binance might give a general sense of market sentiment but its tether bound so...there is that.




I personally would love to see RECKTAGE with bear entrails scattered about...but I am just trying to report what I see jjg. Doing ones own research is always best imho. 

[JayJuanGee]

Are the shorts stacking up too, in order to provide some fuel for them to get RECKT?  That would be a lovely sight, no?  Might stimulate ting-a-lingies for any of us who might still be able to experience such feelings.

You would really have to look at each exchange and see the L/S ratios. I dont have a overall metric that is easily disseminated unfortunately.

A quick look at Binance might give a general sense of market sentiment but its tether bound so...there is that.




I personally would love to see RECKTAGE with bear entrails scattered about...but I am just trying to report what I see jjg. Doing ones own research is always best imho.  

Sure. Long/short ratios might not be your specialty, and surely I am not claiming them to be mine either, even though I recall some discussions in which sometimes there have been assertions regarding whether the ratios are appearing imbalanced in one direction or another, so you don't really seem to be showing extremes in one direction or another, and maybe it does not matter too much.  I know sometimes, also when the BTC price had continued to move in the upwards direction in early 2019 (between April and June), there were constant ongoing stacking of shorts all the way up from $4,200 to $13,880, and towards the last part of that, some of the bears just stopped shorting, maybe that last area between about $11k and $13,880 because they just kept getting reckt, over and over.  

I think that a similar thing happened on October 25, 2019 when BTC prices went shooting up from $7,300 to $10,300 within a matter of 12 hours.  I think that there was a series of reckt shorts.. so yeah sooner or later, the shorts are going to become correct, but if the price goes shooting up and they get reckt several times, such recktage seems to cause gun-shyness in shorting, at least for a period of time, and it tends to cause ting-a-lingies within my meat wagon RL being.