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

[bitebits]

When fiat currency dies, conditions tend toward deflation first (since money becomes more valuable when uncertainty looms), before becoming increasingly inflationary and, finally, hyperinflationary. #Bitcoin was purpose-built for this.

A thread on my current macro view on USD:

https://threadreaderapp.com/thread/1265732795646701568.html

[OutOfMemory]

Thanks a lot.  Now I have a song stuck in my head.

What song? My Name Is Luka?

Fuck, THANKS A LOT!  
How the hell should i get Suzanne Vega out of my head now???

♬ ...I live on the second floor ♪
♫ I live upstairs from you♩
♬ Yes, I think you've seen me before... ♪

Now don't you DARE make me bust out signing Tom's Diner

 
May i ask you to post the lyrics of the chorus, instead? 

Deleting Luka with Tunderstruck didn't work, by the way...

[Phil_S]

Damn stocks!

[psycodad]

In other news: Want a free portscan of your Wind0ze PC?
Just visit Ebay or Citibank and you'll get one for free:

https://security.stackexchange.com/questions/231966/web-sites-executing-local-port-scans-is-this-coming-from-a-library-can-it-be-b

https://nullsweep.com/why-is-this-website-port-scanning-me/

https://www.schneier.com/blog/archives/2020/05/websites_conduc.html

But I have been assured it is only to our best and they promise not to abuse it. So if you don't have anything to hide..

[Bossian]

Bears are still in control, bulls are sweating  

There is a last attempt of a bullish run but clearly to kill some shorts that have been placed too low. 9.4k today or tomorrow is likely, maybe 9.8k but after that it will bloody for the bulls. By using the Elliott Waves theory once can easily see we reached our top for 2020, but perhaps October-November will be the best opportunity of a lifetime to buy Bitcoin at a cheap price. If we have a double bottom at 3.1k end of the year, I will clearly turn bullish for the years to come!




Best of luck  

[NeuroticFish]

Bears are still in control, bulls are sweating  

There is a last attempt of a bullish run but clearly to kill some shorts that have been placed too low. 9.4k today or tomorrow is likely, maybe 9.8k but after that it will bloody for the bulls. By using the Elliott Waves theory once can easily see we reached our top for 2020, but perhaps October-November will be the best opportunity of a lifetime to buy Bitcoin at a cheap price. If we make a double bottom at 3.1k end of the year, I will clearly turn bullish for the years to come!




Best of luck  

Although your "desired" (?) trend line is downwards, the market went up in the last ~24h. Not much, but still.. let's be honest and admit that the bears are sweating too 

[serveria.com]

Bears are still in control, bulls are sweating  

There is a last attempt of a bullish run but clearly to kill some shorts that have been placed too low. 9.4k today or tomorrow is likely, maybe 9.8k but after that it will bloody for the bulls. By using the Elliott Waves theory once can easily see we reached our top for 2020, but perhaps October-November will be the best opportunity of a lifetime to buy Bitcoin at a cheap price. If we have a double bottom at 3.1k end of the year, I will clearly turn bullish for the years to come!




Best of luck  

Wow look who's back. Bears are still in control? Muahaha, made my day... bears were in control last time back in 2018! Corona dump wasn't planned it was caused by force majeure and weak hands (mindrust reference goes here).

P.S. And get your BTC ready to pay to LFC for your lost bet (I doubt that you have any and/or that you're planning to pay).    

[Last of the V8s]

grudging respect for that old bird and her hired goons, moreso if the Kiwis agree with her actions. btw did she ever get any of their guns off them? (answer cmiiw is 'a few')

could go on about one antipodean cousin being a bit less gormless than the other, or about the blessings of geography, but actually am really happy for both lots of people. Do the abos and Maoris and whatnot get it worse than the white men, or say, the Greek men?

Guess it's tough for people who not only claim to be Hairy, but actually are, as they absorb that bit less Vitamin D.

[serveria.com]

October-November will be the best opportunity of a lifetime to buy Bitcoin at a cheap price.

Translation: I'm a bitter nocoiner who failed and missed all possible dumps and now I'm hoping to fill my bags (buy 0.001BTC) during the "one last superdump to $3k". Yeah been there done that, you're not the first and not the last person like that here.  

[Last of the V8s]

@UltraXBT

Imagine just buying spot bitcoin and calmly sitting down and having a relaxing cup of coffee

Instead you leverage trade the chop zone until you are homeless

[Cryptotourist]

Bears are still in control, bulls are sweating  

There is a last attempt of a bullish run but clearly to kill some shorts that have been placed too low. 9.4k today or tomorrow is likely, maybe 9.8k but after that it will bloody for the bulls. By using the Elliott Waves theory once can easily see we reached our top for 2020, but perhaps October-November will be the best opportunity of a lifetime to buy Bitcoin at a cheap price. If we have a double bottom at 3.1k end of the year, I will clearly turn bullish for the years to come!




Best of luck  

We've already had our double bottom - DEC'18, MAR'20 - in parallel alike, prior to the 2016 halving.

But please, suit yourself, WO would love to see you FOMO-in @$15k.

[Krubster]

Gox Rising Announces Intent To Purchase Mt. Gox Creditor Claims

https://finance.yahoo.com/news/gox-rising-announces-intent-purchase-130000275.html

"We recognize that some investors may not wish to wait any longer to see what the final resolution and payout will be and how much longer that payout will be delayed," said a Gox Rising spokesperson. "Each claim will need to be individually reviewed, but we are looking to offer $800 US per BTC claim. Gox Rising will pay that in Bitcoin, or in the fiat currency of the Creditor's choice. Our payment would be put in escrow and made within 10 business days of the claim transfer confirmation."

Wow, you'd really have to be desperate to sell your claim for $800 per BTC. I don't see how anyone would consider this offer. Even if you would consider to sell, Fortress is a better alternative I reckon. They offer $1300 per BTC, or somewhere in that region.

[Globb0]

Maybe people with only $400 of BTC   

[Bossian]

Wow look who's back. Bears are still in control? Muahaha, made my day... bears were in control last time back in 2018! Corona dump wasn't planned it was caused by force majeure and weak hands (mindrust reference goes here).

P.S. And get your BTC ready to pay to LFC for your lost bet (I doubt that you have any and/or that you're planning to pay).  

Rejection again at 10.5k in February and 10.1k in May means bears have the upper hand. It's crystal clear  

Bears are still in control, bulls are sweating  

There is a last attempt of a bullish run but clearly to kill some shorts that have been placed too low. 9.4k today or tomorrow is likely, maybe 9.8k but after that it will bloody for the bulls. By using the Elliott Waves theory once can easily see we reached our top for 2020, but perhaps October-November will be the best opportunity of a lifetime to buy Bitcoin at a cheap price. If we have a double bottom at 3.1k end of the year, I will clearly turn bullish for the years to come!




Best of luck  

We've already had our double bottom - DEC'18, MAR'20 - in parallel alike, prior to the 2016 halving.

But please, suit yourself, WO would love to see you FOMO-in @$15k.

Next time Bitcoin is trading @ 15k, it will still be a great opportunity to buy, in my model Bitcoin price can reach 85k if it gets past 10.5k and consolidate for a month above this price, but for the model to be valid, Bitcoin needs to go down to 3.1k first for a double bottom, then we can see 85k for 2023-2024.

But still no point in buying now if you can buy at 3.1k later this year. Well I would say 3.1k is likely but to be safe, buy more coins at 5.5k which is extremely likely to happen by July   No financial advice, do your own research. By the way you have one of the coolest usernames here.

[nutildah]

October-November will be the best opportunity of a lifetime to buy Bitcoin at a cheap price.

Translation: I'm a bitter nocoiner who failed and missed all possible dumps and now I'm hoping to fill my bags (buy 0.001BTC) during the "one last superdump to $3k". Yeah been there done that, you're not the first and not the last person like that here.  

His analysis is woefully ignorant of the fact that the Federal Reserve just injected a few trillion dollars worth of liquidity into the markets. People are idiots if they don't think at least a few billion of it is finding its way into BTC every now and then.

By using the Elliott Waves theory

There was some pretty serious riots across Minneapolis in the past hours. Here's a video of the police guarding the killer cop's house:

https://twitter.com/Gerrrty/status/1265911668632059904

Pretty nuts. It's like they are expecting an invasion or something.

[JayJuanGee]

Damn stocks!

I am pretty sure that the picture is much different if you take a longer time horizon and then you start them out at the same place on that longer time horizon.

In other words, it is not worth it to beat yourself up over either BTC's underperformance or correlation with stocks on the short term... even though it is still interesting to see, it is not reflective of the BIGGER picture, either in terms of from where bitcoin has come or where it is likely to go - relative to stocks.

[soullyG]

Went to grab some breakfast and suddenly BTC is up $200

[JayJuanGee]

Bears are still in control, bulls are sweating  

There is a last attempt of a bullish run but clearly to kill some shorts that have been placed too low. 9.4k today or tomorrow is likely, maybe 9.8k but after that it will bloody for the bulls. By using the Elliott Waves theory once can easily see we reached our top for 2020, but perhaps October-November will be the best opportunity of a lifetime to buy Bitcoin at a cheap price. If we make a double bottom at 3.1k end of the year, I will clearly turn bullish for the years to come!




Best of luck  

Although your "desired" (?) trend line is downwards, the market went up in the last ~24h. Not much, but still.. let's be honest and admit that the bears are sweating too 

Surely a bit of a stretch to consider bears in control in these times, but hey dreamers are gonna dream.   

[Bossian]

Bears are still in control, bulls are sweating  

There is a last attempt of a bullish run but clearly to kill some shorts that have been placed too low. 9.4k today or tomorrow is likely, maybe 9.8k but after that it will bloody for the bulls. By using the Elliott Waves theory once can easily see we reached our top for 2020, but perhaps October-November will be the best opportunity of a lifetime to buy Bitcoin at a cheap price. If we make a double bottom at 3.1k end of the year, I will clearly turn bullish for the years to come!




Best of luck  

Although your "desired" (?) trend line is downwards, the market went up in the last ~24h. Not much, but still.. let's be honest and admit that the bears are sweating too  

Surely a bit of a stretch to consider bears in control in these times, but hey dreamers are gonna dream.  

Indeed my friend, "in control" may not be the best word to describe the situation but you get the idea. I will be a bull when I need to be but not now, there are enough signals in the charts for a big crash coming in 1 or 2 weeks once May closes under 9.4k. This should be quite devastating and it is better to be prepared.


@nutildah: usually don't care about this kind of news to be honest, but thanks for posting

[Phil_S]