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

[FIFA worldcup]

Welp im glad i didnt listen to u all and kept my shorts open, im outta here now

What ?  What did you did ...Did you kept your Shorts Open  

[JSRAW]

Welp im glad i didnt listen to u all and kept my shorts open, im outta here now

Good for you Sway. I suggest stay and keep posting.

Thick skin + humility is key.. Just saying.

[BitcoinsGreat]

Welp im glad i didnt listen to u all and kept my shorts open, im outta here now

What ?  What did you did ...Did you kept your Shorts Open  

Bitcoin did dumped hard and it was expected because of some of the indicators but i thought halving will play a part but it failed too.  Lets hope its a short term correction.

[LUCKMCFLY]

The speculations come and go, but I could say that nothing is written, perhaps it is a simple throwback to start with a good bullish rally.

Bitcoin Dump Stalls At 100-day SMA: Here’s Why BTC Could Rally Again

Bitcoin climbed to a new monthly high at $10,097 before starting a downside correction.
The recent pre-halving dump found support near the 100-day simple moving average.
There is a major bullish trend line forming with support near $8,000 on the daily chart of the BTC/USD pair (data feed from Kraken).

Technical indicators:

Daily MACD – The MACD is slowly losing momentum in the bullish zone.

Daily RSI (Relative Strength Index) – The RSI for BTC/USD declined sharply and it is currently approaching the 50 level.

Major Support Levels – $8,200 followed by $8,000.

Major Resistance Levels – $9,000, $9,500 and $10,000.

Source: https://www.newsbtc.com/2020/05/10/bitcoin-btc-100-day-sma-rally-again/

[JayJuanGee]

Probably my last TA here, take it as a parting gift i suppose

Looks like any of us HODLers are fucked.

It's all downhill from here.  SwayStar has a very convincing set of squiggly line drawing skills.   

[nauane]

Probably my last TA here, take it as a parting gift i suppose

Looks like any of us HODLers are fucked.

It's all downhill from here.  SwayStar has a very convincing set of squiggly line drawing skills.   

Halving Party is Over 

[Wekkel]

What if we never see sub $8k again?

Almost 

I love waking up, seeing the weak hands tossed out and the strong hands getting stronger.

#BTFD

[VB1001]

Shittyyyyyyyyyy!
A suspicious red candle, let's see how long it takes to recover $9,000

[lotfiuser]

this proof that no indicator can expect bitcoin future price and i think the btc bull run is close

[Wekkel]

Probably my last TA here, take it as a parting gift i suppose

https://www.tradingview.com/x/hKOSoRKX/

A retest of $8,100 is plausible.

[LFC_Bitcoin]

Welp im glad i didnt listen to u all and kept my shorts open, im outta here now

Your 0.5BTC stash is growing

[serveria.com]

Probably my last TA here, take it as a parting gift i suppose

What a retard! 

[JayJuanGee]

Welp im glad i didnt listen to u all and kept my shorts open, im outta here now

Your 0.5BTC stash is growing

You cannot really trust the representations of a twat like SwayStar. 

He's been purportedly laddering shorts since $6,200 (if not lower than that) (at least trying to act like he is some kind of BIG playar), so I am sure that even if he happened to have any money left (after losing every bet), sooner or later he is going to get it right.

In the meantime, likely that he has to borrow from grandma because has already sold the cookies and milk that she had given him in the weeks before.

Here's another example of his ongoing lameness:

laddered shorts at 6200, 6300, 6400, 100 contracts each

[serveria.com]

Probably my last TA here, take it as a parting gift i suppose

Looks like any of us HODLers are fucked.

It's all downhill from here.  SwayStar has a very convincing set of squiggly line drawing skills.   

Yeah, mindrust is selling his remaining stash this very moment 

[serveria.com]

Welp im glad i didnt listen to u all and kept my shorts open, im outta here now

What ?  What did you did ...Did you kept your Shorts Open  

You forgot to add #nohomo 

[JayJuanGee]

Welp im glad i didnt listen to u all and kept my shorts open, im outta here now

Your 0.5BTC stash is growing

You cannot really trust the representations of a twat like SwayStar. 

He's been purportedly laddering shorts since $6,200 (if not lower than that) (at least trying to act like he is some kind of BIG playar), so I am sure that even if he happened to have any money left (after losing every bet), sooner or later he is going to get it right.

In the meantime, likely that he has to borrow from grandma because has already sold the cookies and milk that she had given him in the weeks before.

Here's another example of his ongoing lameness:

laddered shorts at 6200, 6300, 6400, 100 contracts each

Hey moron, if you could read you could tell that was 2 months ago, long closed those, my shorts started at 10010 2 days ago

Yes, it is another example of your continuously calling down, and that you are full of shit, which you had already shown a few times earlier, even in this thread in the past weeks and even just a few posts back when you told us that you were done posting here, but like any dweeb troll, you will continue to assert that you are going away, but you never do.  We are used to your lame loser ass types in this here thread.

[noormcs5]

Welp im glad i didnt listen to u all and kept my shorts open, im outta here now

What ?  What did you did ...Did you kept your Shorts Open  

[bitebits]

Post this 2020 halvening miners will cease to be the biggest sellers of Bitcoin. It'll be the dawn of the crypto exchange as the leading seller.

The biggest sell pressure on Bitcoin will soon be from exchanges selling their BTC fees collected into fiat.

https://twitter.com/woonomic/status/1258966521071599616?s=21

BUT: When the bitcoin price doubles, and trading volume stays the same, the exchange trading fees selling pressure in bitcoin halves.

Second I think over time there will be pressure on trading fees collected by the exchanges, as mentioned in one of my previous posts. 0.5% and higher is insane and not sustainable in a competitive free market environment.

1) Which exchanges extract their fees in BTC? Any?

They don’t, that is the whole point.

[Cryptotourist]

Elimination behind sealed borders is a real possibility.  *If* that is achieved, then many would be happy to wait out the pandemic behind sealed borders.  You can postpone it forever if you don’t let it in.  The virus can only come in, if you let it in.   

Do you really believe that?
One way or the other, sooner or later, you're going to have to interact with the rest of the world.
It is your economy that will be destroyed behind sealed borders.

Waiting it out is total bullshit.
The Mayans were waiting out on European pandemics for centuries, until Christopher decided to visit.
Too bad there was no BG then, uh?

[Wekkel]

Bull is resuming already. Hunting shorts  

First station: $8,846 -> peak of first correction top.