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

[STT]

The ETH estimate is really off seems like which makes me negative on the other guess.   99,191,005 ETH   x  15k   = 1.5 trillion ?  

Are ya'll buying this pump?

I don't see any volume.

Pump presumes its just a small number creating a rise, that dynamic is more suitable for smaller alt coins then BTC.  Just like its the penny stocks which get targeted more then any Blue chip stocks.  I dont think google rising would be a pump, there has to be some large scale mindset to believe they have substantial growth ahead of them.  Might be wrong in that thought but still not a pump when big tech stocks, etc rise so much.

Oil is rising strongly at the moment, speculation is common.  Part of it is very reasonable, Venezuela has serious production problems from a failing economy and Iran situation is some worry.   Even with OPEC in the picture I dont call that a pump either, the rise is genuine its largely a free market afaik.

Volume in BTC is a bit of a guess, I'm not clear on it just I see people refer to Bitfinex as the largest so most reliable source.

BTC still more bullish then I expected.  More of a pullback I thought would occur but its up again. 9169 I would watch short term to confirm above as part of a moving average or momentum to the rise since early April bottom

It will also create its own, more flexible version of a future, known as a non-deliverable forward, which it will offer to clients.

I presume thats a positive because it allows for a fixed price to be set in contracts or a known liability when an enterprise involves itself in crypto.  Helps ensure stability some hopefully

[pacman7331]

Looks like a wedge breakout upwards is possible... I guess the bulltrap became legit in the past 10 hours. will go in if it hits above 9300...

Or maybe we need to retest the support at 8900 then up?

Looks like the bottom of that upward trend we broke down through could act as resistance right above 9400... not to mention a fib retracement line there as well..

[xhomerx10]

Hulk Like

Piss off Hulk!

Spoiler Alert if you havent seen Infinity Wars stop reading now.

  You absolutely sucked ass in Infinity Wars.  You didn't even show up for the fight; tossed aside like yesterday's compostable rubbish!   I have lost all respect for you.  You're nothing but a green pansy... or maybe a periwinkle.  I cant imagine anyone cares what Hulk like after that pathetic display.

[El duderino_]

Hulk Like

Piss off Hulk!

Spoiler Alert if you havent seen Infinity Wars stop reading now.

  You absolutely sucked ass in Infinity Wars.  You didn't even show up for the fight; tossed aside like yesterday's compostable rubbish!   I have lost all respect for you.  You're nothing but a green pansy... or maybe a periwinkle.  I cant imagine anyone cares what Hulk like after that pathetic display.

I find infinity wars SUPER good .... didn’t thought i would like dr strange after his movie....
and they Just kept all of the best from Hulk for the next one 
Now throw in Hulk throwing the bear and Where back fine as iT was

[Last of the V8s]

https://www.tradingview.com/chart/ZpeeHNhy/

[oblox]

http://fortune.com/2018/05/02/reddit-alexis-ohanian-bitcoin/
OHANIAN: At the end of the year, Bitcoin will be at $20,000. And Ethereum will be at $15,000. Great, now people can call me out if I’m wrong.

I remember the first time I smoked crack.

[rolling]

http://fortune.com/2018/05/02/reddit-alexis-ohanian-bitcoin/
OHANIAN: At the end of the year, Bitcoin will be at $20,000. And Ethereum will be at $15,000. Great, now people can call me out if I’m wrong.

I remember the first time I smoked crack.

I know right? Either BTC would have to be $250k or ETH would have to be $1200. One of the numbers must be a typo.

[xhomerx10]

Hulk Like

Piss off Hulk!

Spoiler Alert if you havent seen Infinity Wars stop reading now.

  You absolutely sucked ass in Infinity Wars.  You didn't even show up for the fight; tossed aside like yesterday's compostable rubbish!   I have lost all respect for you.  You're nothing but a green pansy... or maybe a periwinkle.  I cant imagine anyone cares what Hulk like after that pathetic display.

I find infinity wars SUPER good .... didn’t thought i would like dr strange after his movie....
and they Just kept all of the best from Hulk for the next one 
Now throw in Hulk throwing the bear and Where back fine as iT was

 Overall i have to agree it was an awesome movie.  I want to see it in 3D too!

[Last of the V8s]

http://fortune.com/2018/05/02/reddit-alexis-ohanian-bitcoin/
OHANIAN: At the end of the year, Bitcoin will be at $20,000. And Ethereum will be at $15,000. Great, now people can call me out if I’m wrong.

I remember the first time I smoked crack.

I know right? Either BTC would have to be $250k or ETH would have to be $1200. One of the numbers must be a typo.

No typo, he's just bonkers into the eth. He also invested in coinbase.

[jojo69]

Just there to make my message quota of the day.

sigs don't show here, doesn't count toward your quota

[JayJuanGee]

You don’t know pressure until are presenting something on screen to 400 people and you have to solve a captcha and it’s click all the mountains. And you have to say to those 400 people I dunno if that’s a mountain or just a hill so you click it and you fail.   And now you have 400 people laughing at you, although not unkindly.

I would like to see a more specific breakdown of the demographics of these hypothesized 400 people to concretize them a bit better.  

Surely, these hypothesized 400 peeps do not act in unison exactly, and perhaps they fall into categories - even camps and outliers?

Anyone?

You don’t know pressure until are presenting something on screen to 400 people and you have to solve a captcha and it’s click all the mountains. And you have to say to those 400 people I dunno if that’s a mountain or just a hill so you click it and you fail.   And now you have 400 people laughing at you, although not unkindly.

I would like to see those enviromentalists complaining about all the resources that are wasted every year in solving captchas worldwide. If we factor time, effort, electricity consumed during the non-productive time spent solving them, psychological treatment bills and sick leaves due to frustration and depression.... etc etc... Well... THAT is resource wasting, not Bitcoin mining.

No kidding... well, at least not just kidding.

Maybe normal people do not compulse shady sites with multiple bad captchas all the day, like the average bitcoiner do...

Are you alleging that "average bitcoiners" are trolls, as compared with "normal people?"

I would like to see more explanation, here, if possible.  erre?

[pacman7331]

There is a divergence:

https://www.tradingview.com/chart/BTCUSD/P36a8S5g-Bitcoin-Hourly-Bearish-Hidden-Divergence/

This guy is calling it bearish... but I thought you follow the oscillator? Isn't this bullish? The RSI is up while the chart is down therefore buy?

[btcbeliever]

I see a pennant forming between about 8000 and 9000 US$, that will need to break out either down or up in the next 3-4 weeks.

[JayJuanGee]

http://fortune.com/2018/05/02/reddit-alexis-ohanian-bitcoin/
OHANIAN: At the end of the year, Bitcoin will be at $20,000. And Ethereum will be at $15,000. Great, now people can call me out if I’m wrong.

Just looking at the numbers, this kind of estimation seems quite a bit of a fantasy pumping (and equalizing the importance of ETH - which is a insecure and quasi-centralized Bitcoin copy-cat wannabe)...

I am not saying that for sure the guy is wrong, but he is 10x-ing the flippening into ETH's favor... and to me, markets really do not seem to be THAT dumb... but you never know.

Edit: From subsequent posts that I read here, including V8's, by even considering the proposal (and analyzing it), it appears that I might be giving too much benefit of the doubt to the fantasy observations of Ohanian.

[Toxic2040]

Classic "Mastadon" formation on the half hour breakout spotted. $10k seems to be calling. 

Seeing the same structure forming on the 4h? Looking at the .618 fib retrace for a target short to mid term..but all of this is in play imho. Market sentiment is bullish and I think we are most likely heading upwards for now.
Stepping back a bit..is this just a larger pennant forming? Starting to look like it..firm rejection at .786 indicates more consolidation...bullish. Will take another look later tonight.

#dyor

meh..tired..lol. Dug up some of the garden, quite pitiful..think a nap is calling me. 

Still fond of mister shovel tho.

There is a divergence:
This guy is calling it bearish... but I thought you follow the oscillator? Isn't this bullish? The RSI is up while the chart is down therefore buy?

I would recommend some more studying of TA. RSI and StochRSI are only good indicators when they are close to either the top or bottom of their range imho. This guy Crypto Cred is the cats meow for laying it out sweet and simple. I would check him out.
https://www.youtube.com/channel/UCBaU9NXRPjkLGgJy-M7RPCw
Just he's yt page..all of it is good.

[RoomBot]

Just there to make my message quota of the day.

sigs don't show here, doesn't count toward your quota

#SadTrombone

Hey, @micgoossens: Honey Badger has a positive message:

[mymenace]

Hulk Like

Piss off Hulk!

Spoiler Alert if you havent seen Infinity Wars stop reading now.

  You absolutely sucked ass in Infinity Wars.  You didn't even show up for the fight; tossed aside like yesterday's compostable rubbish!   I have lost all respect for you.  You're nothing but a green pansy... or maybe a periwinkle.  I cant imagine anyone cares what Hulk like after that pathetic display.

I find infinity wars SUPER good .... didn’t thought i would like dr strange after his movie....
and they Just kept all of the best from Hulk for the next one  
Now throw in Hulk throwing the bear and Where back fine as iT was

 Overall i have to agree it was an awesome movie.  I want to see it in 3D too!

Hulk Sad


I did not know they were going to do a sequel

ending sucked if u think it is a one off

[jojo69]

holy ETH pump batman

[LastJedi]

holy ETH pump batman

I think because Vitalik won some kind of award.
https://bitcointalk.org/index.php?topic=3452619.0

Or maybe the news of it being a non-complaint security must of got over turned.
Cause it rising over $60 out of nowwhere is not ethereum like.

[HairyMaclairy]

Vitalik Buterin should get Noble price for founding most widely used Etherum and changing the world in many aspects

I for one agree that Vitalik should fetch a noble price