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

[Omikifuse]

Wall at $775 about to be eaten.

where?

here I see a struggle to break $750.

Bitstamp

In fact I see the price nowhere near $770 in any USD dollar exchange

[PoolMinor]

Wall at $775 about to be eaten.

where?

here I see a struggle to break $750.

Bitstamp

In fact I see the price nowhere near $770 in any USD dollar exchange

I guess I jumped the gun, was looking for self-fulfilling prophecy. My sincerest apologies to all the readers of this forum.

[harrymmmm]

Friday night Adam must've been drinking again  
Did you at least returned the kids back?

Lol. Yes, the crazy level has risen again.
The 'majory' is here!

A message or two(?) seems to be missing as well. How'd that happen?

edit: Ahh. 'deleted by a moderator'.
Happy to reply directly, but I don't know who you are, so I'm doing it here.
Was my post about segwit lockin failing deleted because you think that is unrelated to bitcoin price? Really?
I'm guessing it was deleted more because it was replied to by our local crazy, but that hardly seems like a reasonable moderation, right?

[marcus_of_augustus]

That was last chance under $750 chaps ... time we ramped up the segwit signalling now and its off to the races.

edit: does your butthurt feel better now snowflake?

[harrymmmm]

That was last chance under $750 chaps ... time we ramped up the segwit signalling now and its off to the races.

I think I'm correct in saying that segwit signalling is off-topic here (/u/Lauda?).
There's another thread for it: https://bitcointalk.org/index.php?topic=1450783.0

[Elwar]

   https://www.cryptocoinsnews.com/irs-targeting-bitcoin-transaction-records-coinbase-users/

   Got to love the IRS they get butt hurt on an internal Gov't audit and go on a fishing expedition.

   I myself have been 'legal' in the sense of mining btc/ltc as a business since 2013 so not an issue.

   But if they expect everyone to keep track of every bitcoin they ever made and pay 20% capital gains on it.

   Well that could be interesting

It won't be until the next tax reporting year that the price will be up for the year since 2013. Most people will not have yearly gains to declare unless they are traders (not really a CoinBase thing) or they structure their spending differently (LIFO, FIFO, etc). I was going to go through the reporting thing last year but noticed that my spending was lower than my purchases throughout the year. The IRS doesn't care if you don't report losses.

This year I sold my house at a loss so it will more than compensate for any gains I received via spending as the price goes up.

[PAMPT]

Price has made 4 strong runs up to $751 this week and stalled out. This wall is bigger than the one Trump wants to build 

I don't think that the wall at $751 is big; however, there seem to be forces (bull whales) who are relatively capable of taking us up and above such price points, but when they get there, they become a bit worried that they may be left alone in their push upwards, which will cause them to get dumped upon, so they are not willing to push above and beyond $751 until they see that there are a sufficient number of "other bull whales" who are ready, willing and able to join in with them.

Maybe in the end we are reaching the same conclusion, even though we are describing the phenomenon (regarding resistance at $751) in different ways?

One single wall is certainly not enough to suppress this sucker, set up a wall on one or two exchanges and what, next day it will eventually get arbed as east resumes to climb up. Bigger walls across leading exchanges make no sense either as someone may buy into them and eliminate the said effect of suppression.

[Kramerc]

The only wall I see is on btc-e at 745 for around 1.1k.

Better stash on the popcorn for the next weeks.

[harrymmmm]

That was last chance under $750 chaps ... time we ramped up the segwit signalling now and its off to the races.

edit: does your butthurt feel better now snowflake?

Haha. Yes, thank you.

Apart from issues like fairness, relevance, etc, my deeper purpose in making the off-topic comment was to display my hurt butt.
I'll try to avoid slinging dung in future as well.

[Megapump]

I've read a lot about how great intraday trading has been for the past couple of weeks but I don't get how it is worth the effort considering the market fees of at least 0.8%
for buying and selling. Are people really happy about 1-2 % profit? If you miss the train and bitcoin jumps above $ 1000 the intraday traders are left behind just for the fun of having made a few % of profit. Am i missing anything?

[Karartma1]

Even though our train is constanly stopped! But I know what we need: we need a rocket, a train's not enough.
I see $800 but Pacman (BTC) needs to win many levels before going there.

[keithers]

I wonder if we would have seen a dip in prices if Clinton would have gotten elected instead of Trump...

[jaberwock]

I wonder if we would have seen a dip in prices if Clinton would have gotten elected instead of Trump...

guess would not have been different

you know, Obama is doing some anti-russia politics and things would only get worse with Hillary, so the price would increase

also most of the senate and the house would be republican, so the government would not quite stable

[TERA]

anyway back on topic:

Based on the weekly stoch RSI: This is either about to shoot way past ATH or about to crash hard, one or the other, but I can't tell which. I guess this analysis doesn't help me much.

[kurious]

anyway back on topic:

Based on the weekly stoch RSI: This is either about to shoot way past ATH or about to crash hard, one or the other, but I can't tell which. I guess this analysis doesn't help me much.

I suspected that if we passed 750 it would be the start of the ramping up and FOMO, but it is looking lacklustre.

Maybe it is unmentionable OT uncertainties (ahem...) maybe it's just not going to happen but the cup and handle looked perfect and the rise has been steady for a year.  I really thought it would be around now we'd see the new 2013-style run, but it's awfully quiet out there.

I was thinking (as were many) that a run up was inevitable.  Now I haven't a clue... The conditions are good, so why is nothing happening?  A crash would no longer surprise me either, this is Bitcoin, after all.

[Dafar]

PUBLIC SERVICE ANNOUNCEMENT

we are of the opinion that the current Bitcoin development team is not taking satisfactory steps to ensure the growth and advancement of Bitcoin in accordance with satoshi's original white paper.

Instead, Bitcoin is being transformed into a settlement layer, with high fees, and using a labyrinth of complex overlays on top of the basic system.

After years of stagnation, it has become evident that no change will occur. The current Bitcoin development team has prevented the ability to freely discuss the development of Bitcoin by tacitly supporting censorship, and outright banning of developers and community members who differ in opinion.

Since efforts by the community to resolve these problems have failed, it is necessary to resolve them with a different approach.

Sincerely,
The marjory

Fuck off

anyway back on topic:

Based on the weekly stoch RSI: This is either about to shoot way past ATH or about to crash hard, one or the other, but I can't tell which. I guess this analysis doesn't help me much.

I suspected that if we passed 750 it would be the start of the ramping up and FOMO, but it is looking lacklustre.

Maybe it is unmentionable OT uncertainties (ahem...) maybe it's just not going to happen but the cup and handle looked perfect and the rise has been steady for a year.  I really thought it would be around now we'd see the new 2013-style run, but it's awfully quiet out there.

I was thinking (as were many) that a run up was inevitable.  Now I haven't a clue... The conditions are good, so why is nothing happening?  A crash would no longer surprise me either, this is Bitcoin, after all.

Why 750? 780 was the yearly high and critical resistance point right now, that's when the fomo will happen

[PoolMinor]

I see a slight correlation between these two charts, taken from Bitstamp 1wk with KDJ indicator. The main difference I see is volume, StochRSI indicates to me an overbought scenario, still could go higher though.

[kurious]

PUBLIC SERVICE ANNOUNCEMENT

we are of the opinion that the current Bitcoin development team is not taking satisfactory steps to ensure the growth and advancement of Bitcoin in accordance with satoshi's original white paper.

Instead, Bitcoin is being transformed into a settlement layer, with high fees, and using a labyrinth of complex overlays on top of the basic system.

After years of stagnation, it has become evident that no change will occur. The current Bitcoin development team has prevented the ability to freely discuss the development of Bitcoin by tacitly supporting censorship, and outright banning of developers and community members who differ in opinion.

Since efforts by the community to resolve these problems have failed, it is necessary to resolve them with a different approach.

Sincerely,
The marjory

Fuck off

anyway back on topic:

Based on the weekly stoch RSI: This is either about to shoot way past ATH or about to crash hard, one or the other, but I can't tell which. I guess this analysis doesn't help me much.

I suspected that if we passed 750 it would be the start of the ramping up and FOMO, but it is looking lacklustre.

Maybe it is unmentionable OT uncertainties (ahem...) maybe it's just not going to happen but the cup and handle looked perfect and the rise has been steady for a year.  I really thought it would be around now we'd see the new 2013-style run, but it's awfully quiet out there.

I was thinking (as were many) that a run up was inevitable.  Now I haven't a clue... The conditions are good, so why is nothing happening?  A crash would no longer surprise me either, this is Bitcoin, after all.

Why 750? 780 was the yearly high and critical resistance point right now, that's when the fomo will happen

Only because of how long it's been taking to get convincingly over it, I guess.  780? I do hope you're right, but volume right now doesn't look like taking us there yet.

[Kramerc]

anyway back on topic:

Based on the weekly stoch RSI: This is either about to shoot way past ATH or about to crash hard, one or the other, but I can't tell which. I guess this analysis doesn't help me much.

I suspected that if we passed 750 it would be the start of the ramping up and FOMO, but it is looking lacklustre.

Maybe it is unmentionable OT uncertainties (ahem...) maybe it's just not going to happen but the cup and handle looked perfect and the rise has been steady for a year.  I really thought it would be around now we'd see the new 2013-style run, but it's awfully quiet out there.

I was thinking (as were many) that a run up was inevitable.  Now I haven't a clue... The conditions are good, so why is nothing happening?  A crash would no longer surprise me either, this is Bitcoin, after all.

It starts slow only to pick up steam. Volume is showing good signs, constantly increasing on the weekly time frame.

[rjclarke2000]

Are we stuck around the 750 mark? Seems it pushes up and is pushed back again.

And repeat