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

[tidus1097]

Whatever you do, at least don't fucking sell your coins to institutions... we all will be fucked that way. They are trying hard and grinding enough to get hands to our coins.

Buy the fucking deep and keep calm. Eventually we'll outsmart the cartel lords.

I won't even sell if 1 BTC = 1 cent. I'll be homeless but bitcoins will still be with me. Call me crazy but that's what I fucking am!

See you guys on the other side of the moon!

[Toxic2040]

Good Morning all.

As we close out the month of March bitcoin has been hovering around the $7k mark. All indicators are telling me that a downturn is going to be short lived. The numbers just do not add up when looking at the overall picture to support a extended Bear market. That being said I do believe there is a window between now and around the middle of April where we could see a new yearly low established. The longer this goes without happening the less likely it becomes as new money and users are flooding the cryptosphere at a truly astonishing rate.

As for this weekend I would expect a local rally upwards to test resistance at $7.2k as full moon madness takes over the markets. This could in turn develop into something epic if FOMO takes hold. If the market goes the other way...I would expect support in the $6.5k area and more at $6.2k with strong rebounds if those levels are touched.

I am putting paper wallets inside eggs this year for the kids and grand kids, and some candy ofc. I think this will be a good way to introduce them to crypto and how to start saving long term.
Have a Happy Easter weekend everyone.

Do your own research and buy the dips.

[gentlemand]

One of the few charts I can wrap my head around.



Just goes to show... something about charts.

Maybe?

[Toxic2040]

It has merit that is for sure. FA can be a important tool to use in determining probabilities. Really the only "chart" needed it this one imo. Not many coins for sale on the open market and a whole lotta fiat sitting on the sidelines waiting to enter.

[conspirosphere.tk]

Bitcoin in Q1 2018:

[RayX12]

I do like the Keiser Report:

https://www.youtube.com/watch?v=-aWoVh6xJ6g

[bones261]

It has merit that is for sure. FA can be a important tool to use in determining probabilities. Really the only "chart" needed it this one imo. Not many coins for sale on the open market and a whole lotta fiat sitting on the sidelines waiting to enter.

Unfortunately, the support and resistance on the order books seems to always turn out to be a reverse indicator. It appears many traders don't like to lay their cards out on the table. Either they have stops in place or have a bot running. Many do not mind being a market taker rather than a market maker. In my view, the order book is a bunch of smoke and mirrors set up to trick the easily fooled.

[jbreher]

Sometimes i’m very curious who in This threat or the actually really LONGterm hodlers ..., the once with 75-85-90% btc stash off crypto but to hodl and not to trade with , the REAL locker up coins

XD

[cAPSLOCK]

When bankers run the world behind the scenes controlling the laws and the money printing presses they can own and control anything they wish too.

True. Central banks can print money to buy bitcoin and no fuck will be given to the inflation. They dont care.

However, they cant do the same to bitcoin.

This is my point.  There is no doubt they will attempt this manipulation. But the properties of BTC will cause this to be a losing strategy for them.  I wonder if they know it yet.

[mudbone]

I'm with Hairy on this one. Volume is too wimpy yet. Saturday night might be ugly, uglier than many of us think.

A few posters have been busy setting up a doom scenario for this weekend. I think it's a ruse

Doomed is who doomed does.
Ugly or very ugly does not necessarily mean doom.

Maybe you missed the implication.

I sure did. What were you meaning?

To be clear. Based on nothing, admittedly, you think Saturday _might_ be ugly. Not only ugly, but _uglier than we think_. I'd ask you to explain, but you prefaced it with the fact you pulled it out of your ass.
I'm not trying to put too fine a point on this. I'm supposed to be retired.

Ah I see what you mean now. Are you the Mayor's house elf by any chance?

Yes I'm based on nothing objective. My TA is built on shakier ground than most other analysts', which is quite a feat. But the volume is too low to make any movement meaningful. My manipulation antennae twitch. Besides, I'm not the only one thinking we must revisit the recent low area before we can break out again. It might take years, though I don't think so. And I don't believe in the $3k-4k again story.

However, high 6k's is not low enough IMO. That's what I mean by "uglier than many of us think". The suffering isn't done with yet. And this Saturday is as good as any other for a little suffering. Probably even better than usual, since next Monday is a holiday in several parts of the world and the prolonged fiat thinness helps would-be manipulators.

No man, I'm just mud. Happy holidays.

[cAPSLOCK]

Sorry if this has been posted before but it was updated recently. Torque this is mostly for you and roach too.
https://medium.com/@super.crypto1/4th-dimension-bitcoin-manipulation-cartel-can-it-be-burnt-no-way-c53de65c166a+
Why do they do this?

It’s all about money control. Financial elite has recognized that Bitcoin and Crypto in general is a threat to their existence. What do powers do when they see anything as a threat or enemy? You got it, they try to destroy the enemy (by all means). Therefore, It is extremely important for the Financial-elite to stop bitcoin’s rise so their show can continue.

What do they do to stop the RISE of Bitcoin? They first let it rise to unimaginable height (20K first stop). Then they drop it to unimaginable lows. They will do this many times. They have trillions of dollar to maintain the show going, UNTIL the RETAIL investor gives up in frustration. What you are seeing since Mid-2017 is just the 1st inning of 9 innings Bitcoin game.

Bitcoin has been placed into Geopolitical chessboard since Mid-2017. Most of the Bitcoiners have NO IDEA how big this game is. Crypto space is just a pawn on this chessboard and there are elite-fingers moving these pawns (Gold, Silver and now Bitcoin).

Here's the thing. Bitcoin has already checkmated anyone who is trying to play this game. Even if gold and silver are as manipulated as this article suggests there is a significant difference between those precious metals and Bitcoin. The only way for precious metals to have a utility like bitcoin's is when paper currencies based on non fractional reserves of those metals are distributed. The world gave up on this, and up until now that hand has played very well for central banks but Bitcoin is going to destroy that game. Bitcoin's utility is already too great for manipulators to be able to corner it like they have the precious metals assumedly. In the end if they throw all their massive amounts of money at BTC to try to manipulate it what do you think that means will actually happen?

There is strong talk that a gold backed Yuan and a silver backed ruble are imminent.

Everything is manipulated inc. bitcoin (by whales and exchange bots currently) and its naive to think otherwise.  When bankers run the world behind the scenes controlling the laws and the money printing presses they can own and control anything they wish too.

Always makes me laugh when people here claim they can manipulate the gold markets but not bitcoin for some reason even though gold's market cap dwarfs bitcoin.

Not only did you call me naive, you misrepresented what I said multiple times to do so... Either intentionally, or out of ignorance.  I will not waste my time engaging with you.

[markj113]

Not only did you call me naive, you misrepresented what I said multiple times to do so... Either intentionally, or out of ignorance.  I will not waste my time engaging with you.

Don't have a nose bleed snowflake.

[jojo69]

Not only did you call me naive, you misrepresented what I said multiple times to do so... Either intentionally, or out of ignorance.  I will not waste my time engaging with you.

Don't have a nose bleed snowflake.

goodbye

[STT]

The market depth chart does look bullish in theory, I guess they are measuring it against tether and just plain fiat in exchange accounts.   I think far more people are likely to take non crypto off exchanges but maybe thats just me.

I have 7117 as a 38% Fibonacci retracement line to measure the 'recovery' by and see what its strength is I think.
Outside a previous short term downtrend, longer term support area.  Theres a few reasons but theres not great volume either possibly

[Aqualung89]

It's a lot of sense to look at graphics. If it is going to rise, it will set the time. It seems like I need a little bit of time to buy a little later and then sell it to me.

[RoomBot]

Well, I guess that's the end of Bitcoin.

Time to buy bank stocks. I think they're really going to take off...I saw one bank now has $20 wire transfer rates that only take 4 days. What a deal!

Make sure you back up the truck on Deutsche Bank stock. I hear the company is totally fine, yep yep, not insolvent at all. Will rebound any day now!

Deutsche Bank is the ONLY bank that will service the Trumps and Kushners.

What could go wrong?

/s

[LoyceV]

One of the few charts I can wrap my head around.

Assuming the graph data is accurate: the colors are too red. My first impression from this graph is more negative than positive months, but that's not true.
There are 22 negative and 29 positive months. The positive yellow-orange should be light green.

[RoomBot]

Rough week, brutal month!

Just buying the dip and HODLing is all I can do.

People, just remember the next halvening will be another game changer.

BTC never fails to thrill and chill, and sometimes spill.

[RayX12]

And another stupid seller pushing hard..  WTF??

[RoomBot]

WTF was that?

I'm not a seller.

FFS