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Question: 1/31 Closing Price:
<$30,000 - 15 (28.3%)
$30,000-$31,000 - 2 (3.8%)
$31,000-$32,000 - 2 (3.8%)
$32,000-$33,000 - 8 (15.1%)
$33,000-$34,000 - 3 (5.7%)
$34,000-$35,000 - 0 (0%)
$35,000-$36,000 - 2 (3.8%)
$36,000-$37,000 - 3 (5.7%)
$37,000-$38,000 - 4 (7.5%)
$38,000-$39,000 - 0 (0%)
$39,000-$40,000 - 1 (1.9%)
>$40,000 - 13 (24.5%)
Total Voters: 53

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25075956 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (157 posts by 13 users deleted.)
OutOfMemory
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September 05, 2020, 06:16:20 PM

I sense a storm coming our way, moving from north to south.
Should we name it ?

Hurricane Bearolina

Good one.

Is it really a hurrycane or just a dropical storm?

EDIT:
my take:

dropical storm Bigbart
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DaRude
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September 05, 2020, 06:20:30 PM

Soooo...  Any insights on if/when/how we are getting decoupled from stocks, and (I hope) coupled to precious metals?

1337 traders are treating BTC like a speculative leveraged stock. Meaning in order to derisk, at the first sign of market going south it's the first asset they drop. I don't see that changing short term. The way we decouple is on a big correction, when speculators exit/take leveraged short position thinking BTC is dead once again, hodlers seeing value start buying up and burn those short. It can happen now when we'll go to around $6k, or can happen when we'll go from $40k to $20k that depends on the global markets. The cycle will continue for some time, but should be diminishing with time and higher market caps.
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September 05, 2020, 06:22:28 PM

dropical storm?

Dropical Depression ?
OutOfMemory
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September 05, 2020, 06:26:14 PM
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Then i'd recommend a big, green candle:



== absolutely tobacco-free, of course  Grin
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September 05, 2020, 06:27:26 PM

I sense a storm coming our way, moving from north to south.
Should we name it ?

Hurricane Bearolina

Good one.

Is it really a hurrycane or just a dropical storm?

EDIT:
my take:

dropical storm Bigbart

I am thinking that the severity of our current storm is somehow related in a kind of exacerbated way to some purging of froth that seems to be taking place in the ethereum (and perhaps related) space.  It may be too early to call that dynamic, and surely there are likely a decent number of 14 year old snot-nosed investors in ethereum, defi, yield farming et al that deserved to be purged to zero or somewhere in the vicinity of zero and to verify if they are still committed to such projects after a wee bit of froth purging.  Hard to know, exactly.

Soooo...  Any insights on if/when/how we are getting decoupled from stocks, and (I hope) coupled to precious metals?

1337 traders are treating BTC like a speculative leveraged stock. Meaning in order to derisk, at the first sign of market going south it's the first asset they drop. I don't see that changing short term. The way we decouple is on a big correction, when speculators exit/take leveraged short position thinking BTC is dead once again, hodlers seeing value start buying up and burn those short. It can happen now when we'll go to around $6k, or can happen when we'll go from $40k to $20k that depends on the global markets. The cycle will continue for some time, but should be diminishing with time and higher market caps.

I have my doubts about going below $8k, but gosh going below $6,600 would likely be very short-lived and a spike, if it were to occur... never say never in bitcoinlandia.. and of course, UP is preferred to DOWn - especially for those of us who would prefer that beartwats are not allowed to refill their having had already sold too much too soon...  Hate to see those guys getting corn, but hey?  What you gonna do?  Cannot really stop corn from doing whatever it's going to do.
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September 05, 2020, 06:30:59 PM

I sense a storm coming our way, moving from north to south.
Should we name it ?

Hurricane Bearolina

Good one.

Is it really a hurrycane or just a dropical storm?

EDIT:
my take:

dropical storm Bigbart

I am thinking that the severity of our current storm is somehow related in a kind of exacerbated way to some purging of froth that seems to be taking place in the ethereum (and perhaps related) space.  It may be too early to call that dynamic, and surely there are likely a decent number of 14 year old snot-nosed investors in ethereum, defi, yield farming et al that deserved to be purged to zero or somewhere in the vicinity of zero and to verify if they are still committed to such projects after a wee bit of froth purging.  Hard to know, exactly.

Valid option, imho.
VitalikCoin is dumping even harder, like many other Alts. Don't know how much the defi crap is dumping at the time.

EDIT:
I have to do some cleaning now, pasteurize some raw milk, transform some of it into a caffè latte and try fresh baked cookies with weed.
So in case they're too intensive and i won't show no more today  Grin have a nice evening, do yourself something good  Cool
JayJuanGee
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September 05, 2020, 06:35:57 PM

I sense a storm coming our way, moving from north to south.
Should we name it ?

Hurricane Bearolina

Good one.

Is it really a hurrycane or just a dropical storm?

EDIT:
my take:

dropical storm Bigbart

I am thinking that the severity of our current storm is somehow related in a kind of exacerbated way to some purging of froth that seems to be taking place in the ethereum (and perhaps related) space.  It may be too early to call that dynamic, and surely there are likely a decent number of 14 year old snot-nosed investors in ethereum, defi, yield farming et al that deserved to be purged to zero or somewhere in the vicinity of zero and to verify if they are still committed to such projects after a wee bit of froth purging.  Hard to know, exactly.

Valid option, imho.
VitalikCoin is dumping even harder, like many other Alts. Don't know how much the defi crap is dumping at the time.

Surely, we do not watch those shitcoins too much in this thread, but does not seem to be off-topic to denigrate them from time to time, including the fact that fees have been so damned high on ethereum in recent times that it makes it much more disincentivized to be moving value around, so it would seem reasonable to conclude that a decent number of retail (and smaller potato investors) are getting screwed by ending up locked in various arrangements that they are not easily able to move out of, in part based on the cloggness of their sham purported to be network...many 14 snot-nosed must be crying about losing their allowance, as we type, no?

EDIT:
I have to do some cleaning now, pasteurize some raw milk, transform some of it into a caffè latte and try fresh baked cookies with weed.
So in case they're too intensive and i won't show no more today  Grin have a nice evening, do yourself something good  Cool

Edit:
Protip:  I heard that raw milk is better for you anyhow, so skip the pasteurizing and just stick with raw dogging your milk.  You will thank me later, you dog.  Wink
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September 05, 2020, 06:40:44 PM
Merited by JayJuanGee (1)

.....
I don’t want to come off as lecturing you about language usage.  .....


you just did.

That’s all well and good dude but I think you missed the point of my post.
Probably my bad for not making myself clearer.
I was actually attempting to point out that by using the term “he” in the reply , one is assuming the post was made by a male,
when there is no information to make that assumption. Or at least that’s how I read it.
So I use a gender neutral pronoun to account for that.
And as sways link pointed out “they” is ok for that purpose. Apparently there is disagreement on this…whatever man.
Nothing to get one's panties in a twirl about.
Of course you can use “he or she” too, which works fine. that’s all up to the writer I guess.
I simply prefer using “they” but that’s just my writing style preference. ymmv
It has absolutely nothing to do with gender pronoun political correctness  (which, as I clearly stated in my post, think is nonsense.)
and everything to do with not wanting to possibly incorrectly refer to a she as a he...nothing more, nothing less.
And yes I should have appended my post to clarify that if indeed the poster is female, it doesn’t make a shit bit of difference.

Please, no more pompous long winded lectures, that's jays job.

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September 05, 2020, 06:41:55 PM
Last edit: September 05, 2020, 06:56:46 PM by Vectra

Bitcoin dropping while btc dominance going up. Maximum pain.

I am looking at size of waves of this drop from 12.5k and it is definitely not an ABC correction which lead me to think we can put our 14-15k plans on hold for some time. This is the first wave of retrace only, might go quite deeper in next waves.

Maybe something like this:  

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September 05, 2020, 06:54:08 PM
Merited by Hueristic (1)

[edited out]

and everything to do with not wanting to possibly incorrectly refer to a she as a he...nothing more, nothing less.
And yes I should have appended my post to clarify that if indeed the poster is female, it doesn’t make a shit bit of difference.

You did the fatal error of mentioning me in your post, sirazimuth.

I am going to chime in that I agree with nullius and the various other antiplurality references to singulars.

If she cannot handle getting referred to as he, then fuck her.

Same thing is true, if he cannot handle getting referred to as she, then he is acting like a whiny bitch....

especially on the interwebs, we can be he or she.  I do find the term "it" to be a bit dehumanizing, and NOT to many of us are it... at least I hope not.


Please, no more pompous long winded lectures, that's jays job.

nullius can definitely out "long wind" me and surely in many more seemingly erudited ways, but I have noticed that he tends to be much more sporadic than me, so he does not seem to have any kind of marathon-like endurance, to the extent that marathon-like endurance might be a positive, rather than a negative.  

I am thinking that he must have to go away for 3-6 months just to draft up his multiple possible responses, and then when he comes back, he tweaks and slams those various pre-drafted ideas upon various parts of the forum's populace.  That's my tentative theory, and I am sticking with such tentative theory until there is meaningful evidence to the contrary.   Cheesy Cheesy Cheesy
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September 05, 2020, 07:05:14 PM

Observing $10,116.

There’s a real battle at $10,000 atm.

We dipped below $10,000 but bounced back, it seems to be acting as good support atm. Be interesting to see what happens from here. Something has to give soon.....
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September 05, 2020, 07:05:39 PM


Will you miss this year 2020 or would like to forget it ?  Are there good times ahead  Roll Eyes

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September 05, 2020, 07:08:17 PM

Someone is really trying to push the price and keep it under 10k. Let's hope they lose out; I don't like being this close to 4 digits
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September 05, 2020, 07:08:55 PM

I sense a storm coming our way, moving from north to south.
Should we name it ?


Call it "Independence day weekend 2013" and never look back

Edit:



The last capitulation drop.

But for that we need to recover soon.
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September 05, 2020, 07:11:07 PM

I sense a storm coming our way, moving from north to south.
Should we name it ?


Call it "Independence day weekend 2013" and never look back

Edit:



The last capitulation drop.

But for that we need to recover soon.

wasn't this silkroad capture drop?
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September 05, 2020, 07:14:06 PM

Observing $10,116.

There’s a real battle at $10,000 atm.

We dipped below $10,000 but bounced back, it seems to be acting as good support atm. Be interesting to see what happens from here. Something has to give soon.....

I hope for a bounce here to some 11k, but it doesn't look like 10k will hold after that. This is not simple ABC correction, it went too far after retrace to 12k. So it's probably only the first wave of retrace. Bounce to 11k would form a new head and shoulders with target somewhere 7-8, depends where the neckline would get broken.

Bulls lost the power here.
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September 05, 2020, 07:14:30 PM

Someone is really trying to push the price and keep it under 10k. Let's hope they lose out; I don't like being this close to 4 digits

Whales dont care if you like it or not, they probably actually prefer it if you dont
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September 05, 2020, 07:18:48 PM



The last capitulation drop.

But for that we need to recover soon.

The comparison was more about the holiday weekend dip rather than the chart.
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September 05, 2020, 07:24:13 PM
Merited by BobLawblaw (2)

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September 05, 2020, 07:28:35 PM

Managed to buy a little more physical quite a bit under 10k. Feeling good. #stackingsats
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