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

[Vlada69]

Man, and here I thought the U.S. media's fake news and FUD was pretty bad...

https://www.msn.com/en-gb/news/world/russia-prepares-for-nuclear-war-with-us/ar-AAvMByY

Don't worry BTC will survive...

[gentlemand]

Interesting stat - https://twitter.com/cryptorae/status/984414418829131779/photo/1

Today had the highest 1hr volume in Bitcoin ever ever ever.

[TERA2]

We're not a big fan of linear scale charts here, although that linear break might end up being a catalyst for the exponential break.

[HairyMaclairy]

This is classic TA

[El duderino_]

I call $12k bitcoin in the next 2 months.
Remember, I told you so.

Khmmm... I Told You So.

still 4k short of that

give him a break he's on a very good way 

[cAPSLOCK]

We're not a big fan of linear scale charts here.

Indeed.  Well we have a little more work to do, perhaps.  And this could indeed be a great bulltrap.

But with the explosive volume I am wondering if we might see another leg that pushes over your log trend.

But that would be a 20%+ day.  That never happens.

The next 24 ....


oh nvm

[SidETH]

Just give me my moment of happiness will you
The lost $xxxxxx are forgotten by todays $xxxx rise

[El duderino_]

Wow, haven't seen a move that strong in a while! Blew right threw the last two local highs. I've been waiting for you bears to suffer. Your time has finally come!

$700 1H candle here, what is this sorcery?!

Edit: $1000 1H candle

Yes... It is fucking me up the ass up and down. And i'm already poor as fuck. Trade up it goes down, trade down it goes up.
Bitcoin is satan. U know what happened when I closed my short? It stopped going up. I'm done trading forever.

 Welcome to the club!

as they say ,traders will allways limping few steps behind ......     just HODL and    B"a few"FD's

[jojo69]

well now

[Last of the V8s]

well now

well quite

[RejectedBanana]

These last couple weeks, I took a gamble.

My wife and I started gifting small amounts of bitcoin to a large number of friends and family. Rainy day fund, college fund, shits and giggles fund, whatever they wanted to call it. Only stipulation was not to sell until after mid 2021, a year after the halvening.

I'm watching the network effect in action. Days like today certainly got their attention. How many will end up adding to their positions, I wonder?

Adoption doesn't just happen. Some people need a little nudge.

Luckily, my gamble paid off in the correct direction. So far. 

[infofront]

How the hell am I supposed to get any work done on a day like this?

[xhomerx10]

How the hell am I supposed to get any work done on a day like this?

 Move to the 5 minute update and work the 4.9 minutes in between and you'll still be at 98% efficiency.

[jojo69]

about time to see Jimbo's smiling face wander in

[Raja_MBZ]

I don't know why but I'm not feeling sorry for bears this time.

Bubble burst @ bitcoin shorts... LOL

[JimboToronto]

Good morning Bitcoinland.

I see we had a nice little rise back to where we were 3 weeks ago... currently $7637USD/$9631CAD (Bitcoinaverage).

This is a good start. Now let's keep it going.

[STT]

So, where are all the bear posters now?
Please post something shitty. So we can all fuck you up real good.

I'll do my best to be bearish for you.    But I was holding because it seemed to me the risk reward didnt favour selling, simple as that.  Nobody ever knows for sure but at times its silly be bearish and thats true when the price is drifting sideways because that isnt a negative.   no news is good news meta, because underlying BTC is progressing anyway.  I often think similar for gold, the dollar has great problems ahead ditto yen and many parts of Europe etc  weakness in FIAT relates to use of crypto


So a negative price target now is 7200 because that was my short term upside target previous.  We broke through, massive bar, big volume thats a good break but also I'd expect confirmation.   So we play out the most negative scenario but even so overall its quite bullish.

There is a theme of surprise to the upside at the moment because short interest is at all time highs.   Which means buyers, forced in the same way leverage buyers are stopped out on the way down and price becomes surprisingly weak there


I dont have it drawn on this graph but 7200 is the long term uptrend line.  

[bitcoinPsycho]

back in the lambo's again

[Torque]

I'll do my best to be bearish for you. <snip>

As a permabull, I'll make an even more bearish statement.

In Bitcoin's history, there has never been a downtrend reversal and start of a new bull run, without first pursuing a major stop loss hunt and major long liquidation. Never.

So take that for what it's worth.  

[El duderino_]

well now

well quite

please MY MAN do not give me any tattoo idea's cause allready like the pic......

i'm thinking for a perfect line too put next the roller tattoo and a bear bull but i'm missing inspiration for the moment it has to be perfect