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

[bitcoinPsycho]

[1714006997]

1714006997

[1714006997]

1714006997

[AlcoHoDL]

I just hope that it won't ever be necessary to add WO next to BCH & BSV

Who give a F**K to shitcoin?  

You didn't get me, but it's OK... Nobody gives a fuck about shitcoins, but we do give a fuck about WO...

All good, keep HoDLing and in a few months' time the thread will be flooded with Carolina memes, I'm sure of it.

[JayJuanGee]

Bitcoin trading in such a tight range for so long must be a real PIA for the traders.

I see many posts predicting a dramatic breakout to the upside and I blame the S2F model for the groupthink. Bitcoin always seems to find a way to surprise everyone and cause maximum carnage. Things do look bullish, maybe the time isn't right? Who knows.

Your phraseology here, is quite strange.  Do you believe the S2F model is misleading?  If it has a lot of good ideas then why be hating on it heater?  Who fucking cares if a lot of people believe it?  And, really, if you walked down the street and you asked people if they heard about bitcoin, and then once you got a positive answer, then you lead them down the path of telling you about S2F model, how many folks are really going to understand what the fuck is stock to flow out of that already low group that actually understands what the fuck is bitcoin?

By the way, when you are walking down Random street, there are going to be a lot of folks who say that they heard the word bitcoin, but there are likely only going to be a handful of them that actually can tell you what bitcoin is from a kind of understandable and meaningful perspective and even fewer who have taken the next step of actually acquiring some bitcoin and still hold it (or buy it on a regular basis).

Anyhow, I've been reading this thread for almost 7 years. 7 years! People come and go. We have had (and still have) our fair share of trolls, spammers, shit coiners, and arseholes. I really wish they'd all just f-off, but instead, I block them until they drop-off. Joffe and roach come to mind....

Every now and then we get a few newbies who are intelligent, thoughtful, and articulate - they're the people that keep it interesting in here. It's sad when they leave but life goes on.

For sure.. welcome newbies.. and yes, some of us regulars can be a bit too much to handle sometimes in terms of our repetition of ideas or our imposition of ideas, and it is really nice to get a feisty newbie, as long as they are open to bitcoin ideas and not pumping misleading talking points..   yet frequently, if they are actual people, then it can be quite good to bat around some ideas, even though some of us do tend to gravitate towards certain topics... sorry to bore you peeps with some of my repetition.  

Bob - thanks for your posts and know you will be missed. I'm playing a long game and will be hanging around a bit more.

The old flaming Bob is merely a memory.. and of course, some of us have quoted some of his posts along the way, and hopefully he can  recover out of his seemingly immature bridge-burning status - and like many members suggested, already, time away from the thread might be one of the better ways of transitioning into something that is more healthy, even though he still seems to want to engage and cannot even be saved from himself.. which is probably not good for himself, but who needs armchair psychology here, anyhow?  .. I have probably said too much, already.. it is not like some of us, including yours truly, is going to be nice to someone who has been employing some of his recent levels of drama...  

By the way Heater, it would be nice if you posted more frequently.  I did a quick back of the napkin calculation to see that on average you have posted about once per week.... Up your posting game, here!!!!!!!    

[wxa7115]

I agree that this is probable, but the question arises..when will it stop? Never? Are we at a verge of basic income and MMT?
Too much resistance to those ideas, so it is unlikely to happen. However, passing every 6 mo a 2-3 trillion bill does not seem likely either.
At the moment, it is clearly gold and high beta stocks that benefit the most. Bitcoin is not in play and I wonder why. maybe because it was in a deep correction for too long and lost its appeal with the fast money. It could be temporary, though. At least, this is my hope, but the whole apple-cart is upside down.

If the trend described below is true, then we would have a deflationary impulse as well:
https://www.politico.com/news/2020/07/19/wage-cuts-economy-crisis-368508

Basically stock market speculators (in the US) have a free ride. The market goes up they win, the market goes down the Fed and congress put more money into it so it goes up again. They can't lose. With BTC, you can lose.

That is until they don’t, it is true that what you describe has been the norm during the last decades but at some point it will be impossible to maintain the system as it is and even those that believed they could privatize profits and socialize losses will find out this cannot last forever.

I really think the current pandemic has accelerated this process and while I don't wish to see such a huge crisis in my lifetime I’m convinced this is inevitable and taking precautions for that day is the only thing I can do, and as you may guess holding some bitcoin is part of my preparations, and while some may complain about the sideways movement of bitcoin this is great for anyone looking to increase their stash.

[Leviathan.007]

BTC/USDT 4H


The previous analyse in 14th July is still valid. But, in order to update the analyze the explain it better there are two possible scenarios:
1. Breaking the downward trend line, resistance area on 9200-9250 and moving toward 9400. But, here you should know the 9400 resistance is important resistance, I expect higher prices as 9700-9950 after breaking this resistance area in a sharp movement.

2. Loss of support area 9020-9060 and trend line, here we expect the price to move lower to 8600-8700 or even 8100. In this case, if the price get enough support under 9020-9060 and closes a few candles under this area and If it does not stabilize below area there is still a possibility for the price to move toward 9400.

According to my personal strategy and weakly timeframe , I believe is the second scenario and It is possible to lose this support area at any time.

Here it is my next BTC/USDT analyze in 4 hours timeframe on my thread. It's more the same as my last technical analyze and we are still on a price compression situation, waiting for market to make decision and break one side.

[Indymoney]

Good morning Bitcoinland.

Continuing with a mind-numbing lack of price movement... currently $9180USD/$12452CAD (Bitcoinaverage).

At least it's not going down. We need some real upward movement to wake this place up. Too much boring negativity.

C'mon Bitcoin. Rise and shine.

[JayJuanGee]

@cryptosommelier
It looks like bitcoin is right on schedule




Better image -

I was able to find a link to the upper chart, but I could not find a link to the lower chart.

Here's the upper:   https://twitter.com/cryptosommelier/status/1285204008177668101

Here is the closest that I got to the lower.

Or, bitcoin liquid index is here. 

Do you have a link for that lower chart?

[dragonvslinux]

@cryptosommelier
It looks like bitcoin is right on schedule




Better image -

I was able to find a link to the upper chart, but I could not find a link to the lower chart.

Here's the upper:   https://twitter.com/cryptosommelier/status/1285204008177668101

Here is the closest that I got to the lower.

Or, bitcoin liquid index is here.

Do you have a link for that lower chart?

better res wiv updatez tis a good chart:



Source: https://www.tradingview.com/chart/BLX/uYKn9Nrx-Bitcoin-longterm-chart/

[Paashaas]

Coronavirus cases: 14,714,622.  Deaths: 610,255.  Recovered: 8,775,922.

- Pandemic continues to explode around the world, true total death toll and cases are much higher because of testing shortages and data collection issues.

- Czech Republic have tightened restrictions in the north east of the country after a spike in cases.

- Belgium sees 66% jump in new infections.

- France reports up to 500 virus outbreak clusters.

- 4m people in the Spanish region of Catalonia returned to stay at home order.

- Ireland's reopening has been postponed to 10 August. Delayed the easing of lockdown measures.

- California orders closure of bars and indoor operations of restaurants, gyms and theaters.

- Arizona and Texas counties are ordering coolers and refrigerated trailers to store bodies as their morgues fill up.

- India puts Bangalore and Bihar back into lockdown, home to more than 125m people. Cases rises over 1m.

- Thailand has suspended all inbound flights.

- Tokyo raises alert level to highest level.

- An outbreak in China’s northwestern region of Xinjiang has spread to a second city.

- Turkey suspends flights to Iran and Afghanistan.

- Israel reimposes weekend lockdown, shutting shops, hairdressers and attractions.

- Iran struggling to contain Covid-19, 140 health workers have died with thousands of other infected. Health officials said that some 25m people have been infected with the virus.

- Passenger trains in Turkmenistan have been halted amid Coronavirus fears.

- Uzbekistan and Azerbaijan will go back into lockdown. Closes restaurants, sports centres, swimming pools and non-food shops.

- An entire hospital in Mexico’s southern Oaxaca state has been put in quarantine after 68% of its remaining staff tested positive for Covid-19.

- Peru passes 350,000 cases; 2nd biggest outbreak in Latin America.

- Brazil cases has surged past 2m.

- Puerto Rico will close bars, gyms, marinas, theaters and casinos and restricted the use of beaches.

- Venezuela’s capital Caracas will go into a strict lockdown.

- Papua New Guinea seeks to contain an outbreak in the main hospital in its capital.

- 5.4 million Americans have lost their health insurance during the pandemic.

- Bangladesh hospital owner arrested after faking thousands of negative Corona test results to patients at his two clinics.

- Nigeria's foreign minister tests positive for Coronavirus

[JayJuanGee]

@cryptosommelier
It looks like bitcoin is right on schedule




Better image -

I was able to find a link to the upper chart, but I could not find a link to the lower chart.

Here's the upper:   https://twitter.com/cryptosommelier/status/1285204008177668101

Here is the closest that I got to the lower.

Or, bitcoin liquid index is here.

Do you have a link for that lower chart?

better res wiv updatez tis a good chart:



Source: https://www.tradingview.com/chart/BLX/uYKn9Nrx-Bitcoin-longterm-chart/

And, yes, thanks I am seeing variations as to when the charts were made, too.  I had not recognized that date-created variation previously.

[dragonvslinux]

@cryptosommelier
It looks like bitcoin is right on schedule




Better image -

I was able to find a link to the upper chart, but I could not find a link to the lower chart.

Here's the upper:   https://twitter.com/cryptosommelier/status/1285204008177668101

Here is the closest that I got to the lower.

Or, bitcoin liquid index is here.

Do you have a link for that lower chart?

better res wiv updatez tis a good chart:



Source: https://www.tradingview.com/chart/BLX/uYKn9Nrx-Bitcoin-longterm-chart/

And, yes, thanks I am seeing variations as to when the charts were made, too.  I had not recognized that date-created variation previously.

Me neither, nice to see price is on track though, even if it over-estimated the 2018/2019 drop to $3,1K. It's nonetheless similar to my long-term projections 

[Biodom]

Even mice are daytrading...maybe a couple thou of satoshis at a time?
https://twitter.com/i/status/1285165666027425792

[OutOfMemory]

Even mice are daytrading...maybe a couple thou of satoshis at a time?
https://twitter.com/i/status/1285165666027425792

Man, i'm so tired, i read "even mice are dehydrating...".

Bitcoin price looks like evening out. I have a feeling that the next significant move will set the direction for the remaining year.
Why daytrade this small range? Resistance and support levels don't promise high yieds.

[El duderino_]

Yes this one has been handed to me as I have seen 

[OutOfMemory]

Yes this one has been handed to me as I have seen 

Thanks, dude 
I was thinking this is a walking stick   
Now that i know - no more words needed. 

[fillippone]

Where to build our Citadel?



https://www.asherfergusson.com/raising-a-family-index/

Norge virker et fint sted å bo, men jeg frykter taxtation nivået og regjeringen girighet.

[vapourminer]

Yes this one has been handed to me as I have seen 

Thanks, dude 
I was thinking this is a walking stick   
Now that i know - no more words needed. 

ooooh

a collectible?

oh wait nevermind

[sirazimuth]

You know what comes after a long summer of literal vegetative sideways growth....   Slowly at first and then.. POP!  

Oh dude, great job, those look gorgeous! You gonna be swimming in the sticky icky come October.

Ah yes...Mid July is indeed the time of POP!   ...
 

(damn... maybe we should start a separate thread? I'm sure there's plenty of bitcoiner grow bud-buddies out there  )

[lightfoot]

Where to build our Citadel?

Hm. What's your criteria, rule the locals with an iron fist? Be adored and loved as a living God? If so you don't want a place where people are happy. You want a place where they will line up to sacrifice themselves at your temple of Doom...

Have I got a place for you.....

[strawbs]

Sideways movement / low volatility for months now - yeah, it's a snooze-fest, but nothing's going to persuade hardcore hodlers to sell. So, in the words of Yazz, the only way is up. And in the words of the Stones, time is on my [our] side.  And in the words of the WO, CCMF.

#CoversCount
#Time for hodl sleep (maybe for a few more weeks)