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

[Ibian]

[Neo_Coin]

[Harlot]

Bitcoin at its 4 hour chart is looking like completing a very Ugly Head and Shoulder position and by ugly I mean the left shoulder is considerably bigger than the right shoulder, not to mention that the right shoulder looks like a dislocated one. And the uglier the formations the less chance it will happen. But clearly if we don't want to see any kind of short happening BTC must stay above 8,907$ for at least 2 or 3 more candles to make the formation invalid. We are still inside the triangle and it may look like a now or never situation for the bulls to make a break out.

[Neo_Coin]

[Karartma1]

Some might say a break sometimes is indeed necessary. Bitcoin is having a well deserved break and all of you must be aware of that. Do you remember those days in which every new day there was a new ATH?
Let the Badger rest and he will take care about the rest.

zzz...zzz...zzz

[LastJedi]

He says it again at 37:10 of this same interview.
Full interview with Charlamagne
https://www.youtube.com/watch?time_continue=2257&v=zxwfDlhJIpw

Confirmed! Kayne is a Bitcoiner.

Great interview. You could tell he was scared to come right and say what he was thinking, which was this:

"My fellow brothers and sisters, get your head out of your ass, get you mind out of the past, let go of the plantation. Quit idolizing successful black people and putting them on a pedestal that you can never obtain. Let go of antiquated and false ideologies and limitations that are supposedly holding you back. Free your mind, and you will be successful at anything you put your mind and effort toward."

To bad he is saying "If they dont put Michael Jordan on the dollar bill, I will use bitcoin instead".
Makes people not into using it think only people who are on crack off their meds use it.

[Gab0]

Especially if the SEC rules that ETH is in fact a security.

"Ethereum: Almost zero chance of the SEC declaring it a security"
https://www.finder.com.au/ethereum-almost-zero-chance-of-the-sec-declaring-it-a-security

[Neo_Coin]

 

[Last of the V8s]

Izzy's been busy. A very mixed bag:
http://data.parliament.uk/writtenevidence/committeeevidence.svc/evidencedocument/treasury-committee/digital-currencies/written/82032.html

and a lot more lies and misinfo here, especially about ripple:
https://parliamentlive.tv/event/index/df1a1232-f145-4748-a561-d2cddea27746

[mymenace]

Izzy's been busy. A very mixed bag:
http://data.parliament.uk/writtenevidence/committeeevidence.svc/evidencedocument/treasury-committee/digital-currencies/written/82032.html

and a lot more lies and misinfo here, especially about ripple:
https://parliamentlive.tv/event/index/df1a1232-f145-4748-a561-d2cddea27746

best part was the first question

How does the blockchain differ from traditional database?


Shared transparent authorised data across platforms and the globe (Exciting, Very exciting was the term)

Bitcoiners know this, Tech people know this, Banks know this


And thus adoption is born

But when do we get full adoption? Soon

[Neo_Coin]

 

https://www.youtube.com/watch?v=SkJ8Qh9UDJM

[Raja_MBZ]

If that's the case, I'm sure I can throw it all the way to the moon.

Enough trust?

[Last of the V8s]

In particular you may not:

    alter the video or audio of the recording in any way;
    use this material for satire, advertising, entertainment content or productions or to suggest endorsement; or
    use this material on websites or social media platforms that promote, encourage or facilitate illegal activity, encourage hatred or anti-social behaviour.

Jesus these people are so up themselves.
Lucky then that they only interviewed a couple of scammers, a failed banker and a girl.
Bitcoin not affected.

[JayJuanGee]

Well, that's a grand way to wake up. tyvm bitebits, thoroughly undeserved. Caught up with merit-giving yay.
Now the race is on between me and TMAN to become the first (+500merits) legendary under the merit regime.
He deserves it, because he participates in the forum as a whole (or not lol), and he's been around 2 more years, but it's up to theymos' randomness thingy now.
There should be a helisub level for serious OG's, say 2012 or before, and lamboat for 13-14.

I thought that ship had already sailed, and Lutpin already made legend under the new system.... ?


There are also a lot of other ranks that had ranked up through the new system too.

On a related note, there do seem to be quite a few inconsistencies in the new system (adding in merit as one of the requirements to rank up), so in that regard, it remains interesting (and perhaps a gossip point) to watch how theymos might be tweaking they system more in the future.

To me, it does seem that a better system would include to vastly increase the number of merit sources (and maybe have a kind of algorithm that would cause a vastly higher number of merit sources - with human oversight too) in order that maybe thousands of members become merit sources rather than our current low number of merit sources (which is currently at 79), but what do I know? just quasi-random ideas on the topic that were triggered by you, V8...

[JayJuanGee]

Are ya'll buying this pump?

I don't see any volume.

MACD just crossed on the daily Stoch RSI going down, RSI also.

Frequently, pacman7331, you seem to be attempting to read too much bearishness into any kind of price movement information in order that you can spread nattering nabobs of negativity... in a kind of hope for downwardness, no?

If you really consider the matter based on facts, rather than fantasy, BTC trade volume is not dropping.  

Zoom out a bit, and perhaps use the weekly charts rather than minute by minute assessments.  

You cannot reasonably conclude that BTC trade volume is down based on a wish and looking at few days of volume fluctuation.  Seems to me that perhaps you don't even look that far out, but instead you are looking at some kind of minute by minute or hourly charts that leave you with such whimsical and hopeful downward conclusions.

[JayJuanGee]

Bit Conifer trading itself into somewhat of a corner @ $7500 around early June.

Break up or break down ?

Is toknormal's conclusions from this chart less valid since it is linear instead of logorithmic scale?

Toknormal's conclusions are less valid because he attempts to apply traditional analysis to a paradigm shifting asset that is on an s-curve, and he seems to want to downplay that factual matter, so he has been predicting down and bubble since about $300,  and every price increment  up from there.. surely, he has been correct once in a while, but that does not mean that he really applying the right tools to the job.

[JayJuanGee]

All 1,000 are probably following this thread, so maybe this could be fun to check your position; https://bitcoinrichlist.nl/

Wouldn't it be more meaningful to have some of those addresses labelled (to the extent feasible), when ownership or control of the address is likely known?

We certainly cannot conclude that those are the richest BTC addresses of individual owners, even though in some circumstances they are likely to be owned and/or controlled by individuals rather than by institutions.

[Toxic2040]

https://uk.reuters.com/article/us-milken-conference-highlights/highlights-cftcs-giancarlo-at-milken-calls-bitcoin-craze-generational-idUKKBN1I247G

CHRISTOPHER GIANCARLO, CHAIRMAN OF UNITED STATES COMMODITY FUTURES TRADING COMMISSION, ON BITCOIN:

“We need to take a moment and respect this generation’s interest in this new instrument (bitcoin). Not with derision, but with a little bit of attention and respect and respond with policy initiatives that really are thoughtful and forward looking.

“There is something going on here that is generational. Just as the baby boomer generation lost faith in the leaders that came before them and tried to seek a cultural change in those days through sex, drugs and rock and roll, I think there is a generation that also has lost faith in us that led them through the financial crisis and they see technology as a way of disintermediating institutions for which they don’t have a great deal of respect.

+1 WOsMerit Giancarlo

MICHAEL PIWOWAR, COMMISSIONER AT THE U.S. SECURITIES AND EXCHANGE COMMISSION, ON INITIAL COIN OFFERINGS:

“Is an ICO a security? And so far, as our chairman has said, everyone that he has looked at, everyone I have seen is a security.

“If (an ICO token) is a security, then it falls into three buckets. The first is the registered public offerings; this is the normal IPO, public offer. We’ve not had anybody register a public offering for an ICO. The next bucket is exempt offerings, so if you have an ICO, you have to fit into one of those types of exempted.

“And the third bucket is illegal. And if you are not falling into the first two buckets, we’ve said we’re coming after you. Bitcoin itself is not a security but these customized tokens for these initial coin offerings, most of them are. There is some legitimate stuff going that is on and then there is literally the fraud ones.”

+1 WOsMerit SEC  (One of those sentences I never dreamed of writing)

Tweeted this awhile ago..sorry..got caught up reading and writing.
Short term update. Looking at a interesting wave pattern. Healthy consolidation continues as support holds at $9k+. A possible move above the clouds is showing on the hourly after a Vegeta btfd opportunity.
So..sideways for a few more hours followed by a dip into liquidity and then a rocket launch.


That escalated quickly.


+1 WOsMerits for all the nice boat pics.  

Its such a beautiful today I have to get back outside.

[Last of the V8s]

[mymenace]

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