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

[Anon136]

Cool news

https://bitcoinmagazine.com/articles/vaultoros-bitcoin-gold-exchange-implements-lightning-network-payments/

I guess. If you want to hold paper gold rather than gold. I wouldn't touch it with any pole.

And their claim of 'first crypto-to-gold' exchange falls flat. Perhaps twice. If not only for the fact that you're buying not gold, but rather a gold IOU, but how long have they been operating really? There have been several actual metals vendors operating since years.

They have been operating since 2013. They're legit.

Paper gold isn't for hodling anyway. It's for speculating.

[Torque]

Cool news

https://bitcoinmagazine.com/articles/vaultoros-bitcoin-gold-exchange-implements-lightning-network-payments/

I guess. If you want to hold paper gold rather than gold. I wouldn't touch it with any pole.

And their claim of 'first crypto-to-gold' exchange falls flat. Perhaps twice. If not only for the fact that you're buying not gold, but rather a gold IOU, but how long have they been operating really? There have been several actual metals vendors operating since years.

They have been operating since 2013. They're legit.

Paper gold isn't for hodling anyway. It's for speculating.

You can actually take possession of your gold if you want it. They will ship it to you anywhere in the world.

[JayJuanGee]

There's still like some % chance of that huge crash from 11-13k down to new bottoms, no?
Or even straight down from here.
Maybe tera means all the off topic.

Remember a couple of months ago, Tera was so famous, even in the WO thread because she was being asked about how she saw the bear market playing out.  For some reason, people tend to give credit to her having some kind of insight merely because the correction came, and her (finally) bear scenario, kind of played out.

It should have been deemed as a normal correction, yet for some reason she was considered as being "correct" because her repetitive and ongoing sky is falling call, finally seemed to have been playing out (at least temporarily).  

Regarding, her actual prediction, the latest that I recall was that she was expecting a bounce back up into the $11 to $13k territory, as you suggest, before the "real bull correction" starts... and in sum, her proclamations remain kind of nostradumus in that she is constantly leaving some realistic wiggle room for upwards movement, yet the overall essence continues to be expectations of down (which overall continue to be WRONG... because we are UP from in the $9k territory from our $1k territory of a year ago.. that is 9x, and a pretty decent bull market that has decent chances of continuing (even if our current correction might not be over, yet).  

So, in sum, even if you are a bear, don't be putting all your eggs into the downward scenario and get reckt if BTC prices move against you.. and even if there are a large number of traditional financial analyzers out there who are trying to peg bitcoin into some kind of traditional asset class when it is a non-correlated paradigm shifting asset - including attempting to compare it to various lame shitcoin projects (including some of the dear childs of ETH and Bcash) that are snake oils imitations that are hanging onto BTC's coattails, rather than being innovations in and of themselves.

There's still like some % chance of that huge crash from 11-13k down to new bottoms, no?
Or even straight down from here.
Maybe tera means all the off topic.

Probably a 50% chance we crash from 11-13K, a 25% chance we crash right now, and a 25% chance it passes 13K.

Actually, it's tough to criticize you for those kinds of bear prognostications, and even if the prognostications are less strong than they were previously.  In any event, tera beara, it seems smart and prudent for anyone attempting to predict BTC price movements to modify their position based on changes in circumstances rather than sticking to an outlined set of waves that do not seem to be working out.

[RewFrew]

In 2 Weeks from now, the daily MA 50 Would be @ around 10.500$.

From the starting of this pump, from 6700$, the daily MA 50 Was the real support.

So for the coming 2 Weeks from now, bitcoin gonna do those 2 Steps:



1/ crossing 10K to go around 10.600$ then the support would be the daily EMA 20 @10.000$.

From there, you never ever in your life gonna saw bitcoin @ 4digits unless a big disasters happend.

Then bitcoin gonna zigzag between 10.100$ and 10.500$ for 1 Week max.



2/ Crossing 11.000$ in the second week and go around 11.300$.

Then the new support would be the  daily MA50 @ Around 10.700$.


Thats my prediction.

[Elwar]

In 2 Weeks from now, the daily MA 50 Would be @ around 10.500$.

From the starting of this pump, from 6700$, the daily MA 50 Was the real support.

So for the coming 2 Weeks from now, bitcoin gonna do those 2 Steps:



1/ crossing 10K to go around 10.600$ then the support would be the daily EMA 20 @10.000$.

From there, you never ever in your life gonna saw bitcoin @ 4digits unless a big disasters happend.

Then bitcoin gonna zigzag between 10.100$ and 10.500$ for 1 Week max.



2/ Crossing 11.000$ in the second week and go around 11.300$.

Then the new support would be the  daily MA50 @ Around 10.700$.


Thats my prediction.

But...vegeta... 

[xhomerx10]

 I call this one "All in"




edit: making it fit on screen better

[RewFrew]

In 2 Weeks from now, the daily MA 50 Would be @ around 10.500$.

From the starting of this pump, from 6700$, the daily MA 50 Was the real support.

So for the coming 2 Weeks from now, bitcoin gonna do those 2 Steps:



1/ crossing 10K to go around 10.600$ then the support would be the daily EMA 20 @10.000$.

From there, you never ever in your life gonna saw bitcoin @ 4digits unless a big disasters happend.

Then bitcoin gonna zigzag between 10.100$ and 10.500$ for 1 Week max.



2/ Crossing 11.000$ in the second week and go around 11.300$.

Then the new support would be the  daily MA50 @ Around 10.700$.


Thats my prediction.

But...vegeta... 

Sorry, dont understand what you means.

I Never started watching dragon bull, one piece is my fav manga.

[BitcoinNewsMagazine]

In 2 Weeks from now, the daily MA 50 Would be @ around 10.500$.

From the starting of this pump, from 6700$, the daily MA 50 Was the real support.

So for the coming 2 Weeks from now, bitcoin gonna do those 2 Steps:



1/ crossing 10K to go around 10.600$ then the support would be the daily EMA 20 @10.000$.

From there, you never ever in your life gonna saw bitcoin @ 4digits unless a big disasters happend.

Then bitcoin gonna zigzag between 10.100$ and 10.500$ for 1 Week max.



2/ Crossing 11.000$ in the second week and go around 11.300$.

Then the new support would be the  daily MA50 @ Around 10.700$.


Thats my prediction.

You should be looking at the daily 200 MA instead which has been resistance since bitcoin had a Death Cross on Mar 29. A Death Cross is the daily 50 MA crossing below the 200 MA and technical analysts consider it confirmation of a bear market. Once in a while there is a false Death Cross that fakes out the traders but for the bull market to resume price first has to break through the 200 MA on volume and the 50 MA must cross back above the 200 MA and rather soon I think.

[TERA2]

Actually, it's tough to criticize you for those kinds of bear prognostications, and even if the prognostications are less strong than they were previously.  In any event, tera beara, it seems smart and prudent for anyone attempting to predict BTC price movements to modify their position based on changes in circumstances rather than sticking to an outlined set of waves that do not seem to be working out.

I dont need to modify my position. I already have more than enough coins for the long run. I could have more coins but no way am I going to go through wiring money back to an exchange and jeapordizing my situation of not having to worry about employment (which was always my endgame and I dont need to be greedy).

[RewFrew]

In 2 Weeks from now, the daily MA 50 Would be @ around 10.500$.

From the starting of this pump, from 6700$, the daily MA 50 Was the real support.

So for the coming 2 Weeks from now, bitcoin gonna do those 2 Steps:



1/ crossing 10K to go around 10.600$ then the support would be the daily EMA 20 @10.000$.

From there, you never ever in your life gonna saw bitcoin @ 4digits unless a big disasters happend.

Then bitcoin gonna zigzag between 10.100$ and 10.500$ for 1 Week max.



2/ Crossing 11.000$ in the second week and go around 11.300$.

Then the new support would be the  daily MA50 @ Around 10.700$.


Thats my prediction.

You should be looking at the daily 200 MA instead which has been resistance since bitcoin had a Death Cross on Mar 29. A Death Cross is the daily 50 MA crossing below the 200 MA and technical analysts consider it confirmation of a bear market. Once in a while there is a false Death Cross that fakes out the traders but for the bull market to resume price first has to break through the 200 MA on volume and the 50 MA must cross back above the 200 MA and rather soon I think.

Yes you are right.

I look at the 200 MA too, and like you said in less than 1 month from now we gare going to have the confirmation of the bull market then the real consolidation gonna happend and from here: booooooom 20K 30K 40K 50K... with zigzags and consolidations between them of course.

For this analys, it was about the small pumps, for the MA 200 thats gonna be the confirmation for the big pumps.

[JayJuanGee]

I'm gettin' that funny feeling in muh pantaloons again...


EDIT: Later

Can you explain what those mean or provide some kind of link that provides an explanation?


In the largest one, does it mean that when the BTC price on BitMex went above $9,810.50, there were a number of short contracts that were forced to close at that price and that between all of those contracts amounted to $4,681,703 which caused a buying of BTC in the equivalent dollar amount of $4,681,703 in order to cover the contracts that were force closed?  or is there a better (more accurate) way to explain what happened?

[jojo69]

those are individual positions J

[Harlot]

I'm so busy looking at bearish formations I haven't even notice that BTC is attempting to complete an Inverse Head and Shoulder pattern (Bullish), be careful now as Bitcoin has previously formed and failed this one before it sends this back down to 6,400$. Now the current scenario is that MACD and RSI is on our side together with the pattern and it is heading over towards the bullish side, if Bitcoin goes above 10,000$ we might see BTC go up to 10,700$ and could potentially balloon up to 14,000$, but that target has the least chance of happening.

[jbreher]

“Congress gave the Fed a monopoly over money,” Mr. Warsh said. “

Which was fraudulent and in violation of the US Constitution

ok, perhaps. but it's been accepted as normal, allowed, and legal for... what, something like 100 years now? what, precisely, do you expect to be done about it? to remove the fed's power is nigh impossible. it would likely require literal war and revolution to bring down the government as we know it and build something new, or at least closer to the original constitution if that's the goal.

i say the same thing to any theory - like faked moon landings or flat earth or less insane ones like this Fed thing. ok, so maybe you're right. what's your point? what do you want to be DONE about it, and what will that change? are you going to do it? do you think you can actually effect change at all?

Wrong. We are all doing something about it. We are in the initial stages of a revolution that is inevitable, and will succeed with nary a shot fired. We are simply sidestepping the FED. Let them have their imaginary money. We don't need to tear it down. We just need to continue to advocate this alternative money.

[RewFrew]

I'm so busy looking at bearish formations I haven't even notice that BTC is attempting to complete an Inverse Head and Shoulder pattern (Bullish), be careful now as Bitcoin has previously formed and failed this one before it sends this back down to 6,400$. Now the current scenario is that MACD and RSI is on our side together with the pattern and it is heading over towards the bullish side, if Bitcoin goes above 10,000$ we might see BTC go up to 10,700$ and could potentially balloon up to 14,000$, but that target has the least chance of happening.

This time bitcoin is moving slowly, and set a lot of support in his way, thats why for 99% Not going to crash + there we saw just little pumps, we dont saw any big pump yet of around +25% to +50% in a day, and that is the finality of those little pumps.

So 14K is very easy to achieve and very soon in those circonstances.

[jbreher]

Land of the free huh?
http://www.thekansan.com/news/20180502/man-arrested-for-attempted-sex-with-car

Screw the Lambo!, I say.

[arklan]

Land of the free huh?
http://www.thekansan.com/news/20180502/man-arrested-for-attempted-sex-with-car

Screw the Lambo!, I say.

ba dum ching.

[JayJuanGee]

In 2 Weeks from now, the daily MA 50 Would be @ around 10.500$.

From the starting of this pump, from 6700$, the daily MA 50 Was the real support.

So for the coming 2 Weeks from now, bitcoin gonna do those 2 Steps:



1/ crossing 10K to go around 10.600$ then the support would be the daily EMA 20 @10.000$.

From there, you never ever in your life gonna saw bitcoin @ 4digits unless a big disasters happend.

Then bitcoin gonna zigzag between 10.100$ and 10.500$ for 1 Week max.



2/ Crossing 11.000$ in the second week and go around 11.300$.

Then the new support would be the  daily MA50 @ Around 10.700$.


Thats my prediction.

Even though your prediction is reasonable, you have to prepare for your prediction NOT to come true, and when you assert "never" 4 digits, except for "big disaster" you are too absolute in your view point.  Even if we break above $10k and stay up there, there are a lot of reasons that we may return below $10k... so even though I agree with your bullish assessment, you seem to be framing your perspective with too many absolutes and not allowing for the likely ongoing volatility of this BTC market, including to the downside for a variety of reasons.

Believe me, I am more benefitted by UP rather than DOWN, but I don't see how we can assume away down scenarios merely based on some TA mumbo jumbo - even if there are a lot of decent assumptions that should be built into the TA that includes the solidness of Bitcoin's fundamentals, there continues to be decent likelihoods for down scenarios, including scenarios in which various alts could assist in bringing BTC prices down for a considerable amount of time (before our next explosive bull run).

[RewFrew]

In 2 Weeks from now, the daily MA 50 Would be @ around 10.500$.

From the starting of this pump, from 6700$, the daily MA 50 Was the real support.

So for the coming 2 Weeks from now, bitcoin gonna do those 2 Steps:



1/ crossing 10K to go around 10.600$ then the support would be the daily EMA 20 @10.000$.

From there, you never ever in your life gonna saw bitcoin @ 4digits unless a big disasters happend.

Then bitcoin gonna zigzag between 10.100$ and 10.500$ for 1 Week max.



2/ Crossing 11.000$ in the second week and go around 11.300$.

Then the new support would be the  daily MA50 @ Around 10.700$.


Thats my prediction.

Even though your prediction is reasonable, you have to prepare for your prediction NOT to come true, and when you assert "never" 4 digits, except for "big disaster" you are too absolute in your view point.  Even if we break above $10k and stay up there, there are a lot of reasons that we may return below $10k... so even though I agree with your bullish assessment, you seem to be framing your perspective with too many absolutes and not allowing for the likely ongoing volatility of this BTC market, including to the downside for a variety of reasons.

Believe me, I am more benefitted by UP rather than DOWN, but I don't see how we can assume away down scenarios merely based on some TA mumbo jumbo - even if there are a lot of decent assumptions that should be built into the TA that includes the solidness of Bitcoin's fundamentals, there continues to be decent likelihoods for down scenarios, including scenarios in which various alts could assist in bringing BTC prices down for a considerable amount of time (before our next explosive bull run).

Sure, its all probabilities and predictions. No one know the future.

I just share my predictions with a strong bull energy. We need to spread the bull energy to make the bitcoin up more strong.

[JayJuanGee]

Actually, it's tough to criticize you for those kinds of bear prognostications, and even if the prognostications are less strong than they were previously.  In any event, tera beara, it seems smart and prudent for anyone attempting to predict BTC price movements to modify their position based on changes in circumstances rather than sticking to an outlined set of waves that do not seem to be working out.

I dont need to modify my position.

I am not saying that you should modify your position, but rather I was asserting that you already had modified your position, which was my way of "being nice."  Not that we need much niceness on the interwebs.... hahahahaha

I already have more than enough coins for the long run.  I could have more coins but no way am I going to go through wiring money back to an exchange and jeapordizing my situation of not having to worry about employment (which was always my endgame and I dont need to be greedy).

I feel in a similar way about having a sufficient number of coins, but having a large number of coins does not stop me from attempting to play a longer term strategy and hopefully get to a maintenance situation.  Maybe I am considering my situation as a kind of game or a hobby?

Personally, I don't think that I jeopardize my own situation very much because I am largely just placing less than 20% of my total crypto value on exchanges, and that seems to be enough for me to play around with.  I find no need to play with larger amounts than that, and really there is a certain sense that I have that I have already pulled out the fiat value, and really I am largely playing around with house money... so maybe it is a kind of mental framework and even whether your strategy is long term sustainable... and maybe even the extent that you want to continue to monitor bitcoin.  I get some joy, in itself, just monitoring bitcoin, and having some of my value "in the system" provides more of a monitoring incentive that works for my own circumstances.

I am kind of already at the point that I don't have to worry about employment for income, too.. even though I currently (still) have a business that I am wrapping up at some point in this calendar year (and even if there still might be some work that is involved in the post "wrap up)...   But I am thinking that at some point, I might start to be able to draw from my BTC even though my current practice seems to be a kind of maintenance of BTC stage and a kind of accumulation of BTC that allows the already existing BTC value to continue to build value on itself, which I expect my portfolio to continue to do in the coming years based on the systems that I already have in place and that I will likely continue to tweak from time to time.