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

[jojo69]

[1714250535]

1714250535

[Indymoney]

€1008710061

dear bitcoin price: please try something new and stay above €10k for good. thx.

I agree. Learn how to float securely above the €10k range [(or $12K, for our american friends)or £9k for our fellow brits] and stay there.
When you feel confident enough please go ahead to the next level. We will put safety nets along the way!
Amarite???

now we know what is happening all this time. it wasn't the €10k or the $12k barrier. it's those brits still not getting their vegeta shit together. observing £8973.

 

First day of September and we have good signal $12050 go bitcoin go 

[JimboToronto]

Bouncy bouncy. The battle or $12k rages on.

The battle for $9k took 3 months. The battle for $12k is now about a month old.

Once we see $13.5k I think we can breathe easy.

[JayJuanGee]

4 best months so far:

12/2017   average price=$14835
 1/2018   average price=$12891
 7/2019   average price=$10665
 8/2019   average price=$10612

5 best months so far:

12/2017    average price=$14835
 1/2018    average price=$12891
 8/2020    average price=$11634 <- NEW
 7/2019    average price=$10665
 8/2019    average price=$10612

From where are you getting the monthly traded volume data?  How is it calculated?

I know that you can get daily traded volume BTC price on Bitstamp from:

https://bitcoincharts.com/charts/bitstampUSD#rg60ztgSzm1g10zm2g25zv  (click on "load raw data" at the bottom of the chart, and it will show daily traded volume for the past couple of months (maybe 60 days?)

From time to time I download hourly data from here:
http://data.bitcoinity.org/markets/price_volume/30d/USD/bitstamp?r=hour&t=lb&vu=curr
There is a CSV link at the bottom right corner.

It's average price for that hour, and volume. I don't care much about volume tho. Just playing with hourly price data.

Of course, accounting for trade volume would be a bit more accurate for providing an average BTC price for each month.. that would end up being a volume weighted average price, but sure, it is understandable that your looking at the numbers might not calculate for trade volume, since it is a bit more complicated to achieve a volume weighted BTC price.

So, are the averages that you had listed in your above chart meant to be for the whole month? taking an average what the price would have been for each of the days of the month?  Or is it calculated in a different way?  I see that the CSV download (the one that I did) had given the BTC price each hour for the past 30 days (something like that or maybe it was 31 days?).. I suppose that you could average all of those prices that are in that hourly chart and then arrive at an approximation of monthly average that is close, but does not quite account for the trade volume variance.

Bouncy bouncy. The battle or $12k rages on.

The battle for $9k took 3 months. The battle for $12k is now about a month old.

Once we see $13.5k I think we can breathe easy.

I am not sure, Jimbo.

I am not sure if we can breath easily until we get above $13,880, no?

$13,880 is the 2019 high, and could provide a bit of a challenge.

Of course, the vast majority of us longer term BTC hodlers realize that $13,880 is going to fall, but we cannot really be sure that we are going to get past that price point on this particular run, can we?

Sure, it is possible to go flying past $13,880, too, and I would suspect that the next resistance point after $13,880 is going to be somewhere in the vicinity of $17,250... tentative ideas, of course.

[Toxic2040]

the noon wall report at 9:45am

#dyor

bats have shoulders
1h


bats hang upside down
4h

#stronghands

[yefi]

From where are you getting the monthly traded volume data?  How is it calculated?

I know that you can get daily traded volume BTC price on Bitstamp from:

https://bitcoincharts.com/charts/bitstampUSD#rg60ztgSzm1g10zm2g25zv  (click on "load raw data" at the bottom of the chart, and it will show daily traded volume for the past couple of months (maybe 60 days?)

It is possible to calculate the monthly weighted average from the days. You multiply each day's volume by its price. Then you sum all those products. Then you divide this figure by the total volume for the month. It works out to $11,615 USD which is within a whisker of Phil_S's data.

Maybe I should add this at the end of each month to the top 100 list?

I looked it up and oxen is merely a term used for cattle that have been trained to perform work.. could be casterated or not or even cows can serve such working purposes and be referred to as oxen.

I come for the speculation, but I stay for the invaluable farming advice. Anyone got tips on growing carrots?

[Arriemoller]

It's over 12000 weee!

[JimboToronto]

I am not sure if we can breath easily until we get above $13,880, no?

$13,880 is the 2019 high, and could provide a bit of a challenge.

Yeah, you're probably right about that.

I was just being general about being well over $13k before thinking the battle for $12k is done.

[LFC_Bitcoin]

Boys, at some stage in the next 18 months each thousand dollar barrier will fall like a set of dominos. We’re going to six figures per BTC.

It’s been one hell of a journey & it’s been a pleasure to experience it with you WO brothers.
We really are the new wealthy elite.

[Arriemoller]

From where are you getting the monthly traded volume data?  How is it calculated?

I know that you can get daily traded volume BTC price on Bitstamp from:

https://bitcoincharts.com/charts/bitstampUSD#rg60ztgSzm1g10zm2g25zv  (click on "load raw data" at the bottom of the chart, and it will show daily traded volume for the past couple of months (maybe 60 days?)

It is possible to calculate the monthly weighted average from the days. You multiply each day's volume by its price. Then you sum all those products. Then you divide this figure by the total volume for the month. It works out to $11,615 USD which is within a hair of Phil_S's data.

Maybe I should add this at the end of each month to the top 100 list?

I looked it up and oxen is merely a term used for cattle that have been trained to perform work.. could be casterated or not or even cows can serve such working purposes and be referred to as oxen.

I come for the speculation, but I stay for the invaluable farming advice. Anyone got tips on growing carrots?

No, but I have a picture on my wall of my ancestor plowing the ancestral fields with two oxen.

[JayJuanGee]

From where are you getting the monthly traded volume data?  How is it calculated?

I know that you can get daily traded volume BTC price on Bitstamp from:

https://bitcoincharts.com/charts/bitstampUSD#rg60ztgSzm1g10zm2g25zv  (click on "load raw data" at the bottom of the chart, and it will show daily traded volume for the past couple of months (maybe 60 days?)

It is possible to calculate the monthly weighted average from the days. You multiply each day's volume by its price. Then you sum all those products. Then you divide this figure by the total volume for the month. It works out to $11,615 USD which is within a hair of Phil_S's data.

Maybe I should add this at the end of each month to the top 100 list?

Thanks for that description about how to get to that kind of a weighted-average number for the monthly, yefi.  Your description makes sense.   

I agree that the monthly weighted average does seem to be an interesting calculation that could be added to the top 100 daily listings (but then it is no longer merely daily), if you believe that you can do it in such a way that does not clutter the ability to digest the information contained in those updates.   Alternatively, there could be a sister thread that would have monthly or some other timelines, weekly, quarterly, yearly... where do you stop?

Of course, when you add any of those kinds of features (or extra data points), you are adding work for yourself, but the rest of us tend to benefit from being able to look at running tallies like that to the extent that we can understand what those kinds of numbers mean... which is probably a continuous challenge to present information in such a way that even newbies are able to get some meaning from the information that is presented without getting caught up with too much information. 

Even that top 100 daily information is a quite profound kind of information that newbies might not understand by merely looking at it, but you do have links that describe how the numbers are calculated, which is likely helpful to those who are willing to try to go to the next level of understanding of the information that they are viewing.

[BobLawblaw]

I'm not shilling what I have, just that it's working for me at the moment and helping pay some bills. (It's some coin I held a couple years ago that got a new life as a defi token.)

I felt dirty issuing an actual bonafide merit for this one, so take a "+1 WO Merit" instead... I guess ?

C'mon Bitcoin let's break this $12.5K

Dude. Don't jinx it ! Too soon to be breaking $12.5k USD/BTC in a healthy manner. Let's try to find stability at $12k USD/BTC first.

[Dabs]

I felt dirty issuing an actual bonafide merit for this one, so take a "+1 WO Merit" instead... I guess ?

What's a real merit between friends? Here, +1 merit.

I looked at that 3 and half hour youtube video, it's all talking, and then in the description, there is a link to the transcript. So if you like giant walls of text, there is that option.

I like reading better than listening to someone read. I'll probably do the listen later after I've already read it.

https://nav.al/rich

[Toxic2040]

I'm not shilling what I have, just that it's working for me at the moment and helping pay some bills. (It's some coin I held a couple years ago that got a new life as a defi token.)

I felt dirty issuing an actual bonafide merit for this one, so take a "+1 WO Merit" instead... I guess ?

C'mon Bitcoin let's break this $12.5K

Dude. Don't jinx it ! Too soon to be breaking $12.5k USD/BTC in a healthy manner. Let's try to find stability at $12k USD/BTC first.

----------

I felt dirty issuing an actual bonafide merit for this one, so take a "+1 WO Merit" instead... I guess ?

What's a real merit between friends? Here, +1 merit.

I looked at that 3 and half hour youtube video, it's all talking, and then in the description, there is a link to the transcript. So if you like giant walls of text, there is that option.

I like reading better than listening to someone read. I'll probably do the listen later after I've already read it.

https://nav.al/rich

----------


#haiku
pointed nose to tail
into the stars we sail bright
moon corn full tonight

[JimboToronto]

I have a picture on my wall of my ancestor plowing the ancestral fields with two oxen.

Why do your ancestor and his oxen (bulls?) all have hard-ons?

[Toxic2040]

I have a picture on my wall of my ancestor plowing the ancestral fields with two oxen.

Why do your ancestor and his oxen (bulls?) all have hard-ons?

+1 WOsMerit


info...we need a new poll!

[Arriemoller]

I have a picture on my wall of my ancestor plowing the ancestral fields with two oxen.

Why do your ancestor and his oxen (bulls?) all have hard-ons?

No one really knows, but all through the Scandinavian bronze age all men were portrayed with boners always and in all situations.
It probably was impolite or insulting not to do so, implying impotence and weakness perhaps.

Picture google "scandinavian petroglyfs" and you will see a shitload of boners.



And even some porn.

[Phil_S]

So, are the averages that you had listed in your above chart meant to be for the whole month? taking an average what the price would have been for each of the days of the month?  Or is it calculated in a different way?  I see that the CSV download (the one that I did) had given the BTC price each hour for the past 30 days (something like that or maybe it was 31 days?).. I suppose that you could average all of those prices that are in that hourly chart and then arrive at an approximation of monthly average that is close, but does not quite account for the trade volume variance.

I don't take volume into account at all. I understand how it might seem to be "less accurate" at first glance. But it's fine, really.
Using volume as weight will not change the end result all that much, obviously. It just makes calculations more complex, for very little benefit.

On that bitcoinity site you can switch from hourly to daily. I tested, and it's just a sum of their hourly data divided by 24.
So they are doing the same thing.


P.S.

[VB1001]

All good, just stuck with professional and family matters.
Hugs

#StrongHats

[600watt]

I have a picture on my wall of my ancestor plowing the ancestral fields with two oxen.

Why do your ancestor and his oxen (bulls?) all have hard-ons?

that was the pre-historic expression for BGD