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

[buyandhold]

https://medium.com/@homeytel/the-bitcoin-standard-the-decentralized-alternative-to-central-banking-by-saifedean-ammous-b5bd4d7be6cf
Review of the book with some counterpoints.

[CookieFactory]

https://blockchainhero.com/bitcoin-price-prediction-2nd-half-2018/

[JayJuanGee]

Well that was a big squeeze a 400$ increase in just 15 minutes shows signs of Bitcoin's strength and its bulls are showing that they are no pushover when it comes to price action. 9,000$- 9,200$ is the next target if we have stayed above 8,800 to confirm that we broke it. The bull flag is looking good and reaching that target has a high chance because of the increasing volume as well.  If the RSI on the daily trend will hit double bottom in 40 this will confirm BTC is going on the bullish side.

Ranging between the daily 50 MA and 200 MA is just noise. Your confirmation is daily price breaking through the 200 MA, testing and holding.

Yes... BTC price history has shown that if you rely upon traditional technical analysis tools, you will still make money, but you will also get rekt from time to time, rather than if you would have just invested long term with a kind of dollar cost averaging continued investment that contains a presumption that in the long term BTC prices are going to go up...   

In other words, no reason to wait for traditional analysis and prices getting and sustaining above 200 day MA in order to get your asses out there and start buying BTC.  Furthermore, it is better to accumulate BTC and get a stake in it, instead of waiting for further dips (that might not happen) to buy.

[El duderino_]

QUICK list 12288 is finisht GOOD LUCK   WO's

16/04/2018 serveria.com
27/04/2018 BinaryReign
28/04/2018 Toxic2040
29/04/2018 BobLawblaw
30/04/2018 RayX12
05/05/2018 kaicrypzen
07/05/2018 InvoKing
08/05/2018 ChinkyEyes
13/05/2018 mfort312
15/05/2018 Paashaas
16/05/2018 player99
17/05/2018 bikerleszno
19/05/2018 Bitcoinaire
20/05/2018 willope
21/05/2018 rafanadal
22/05/2018 strawbs
24/05/2018 yonton
25/05/2018 JimboToronto
26/05/2018 Colonel Panic
29/05/2018 ivomm
30/05/2018 Lontonbit
31/05/2018 BTCMILLIONAIRE
01/06/2018 RoomBot
02/06/2018 rjclarke2000
03/06/2018 oblox
04/06/2018 wachtwoord
05/06/2018 Wekkel
08/06/2018 hisslyness
09/06/2018 LodisMcguire
11/06/2018 Raja_MBZ
12/06/2018 bitcoinPsycho
13/06/2018 erre
14/06/2018 vroom
15/06/2018 d_eddie
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18/06/2018 Robin,Hood
20/06/2018 rolling
22/06/2018 Biodom
23/06/2018 Dunkelheit667
25/06/2018 bones261
26/06/2018 Arriemoller
28/06/2018 klaaas
30/06/2018 DarkStar_
01/07/2018 o_e_l_e_o
02/07/2018 jojo69
03/07/2018 Karatma1
04/07/2018 Elwar
13/07/2018 sirazimuth
14/07/2018 Ludwig Von
21/07/2018 Lauda
22/07/2018 LFC_Bitcoin
26/07/2018 Icygreen
02/08/2018 fragout
03/08/2018 supremnoob
06/08/2018 cAPSLOCK
08/08/2018 infofront
10/08/2018 HairyMaclairy
15/08/2018 Phil_S
16/08/2018 Rosewater Foundation
17/08/2018 B1tUnl0ck3r
19/08/2018 Imbatman
21/08/2018 BitcoinBunny
27/08/2018 soullyG
28/08/2018 RealMachasm
29/08/2018 STT
04/09/2018 flynn
08/09/2018 xhomerx10
09/09/2018 vapourminer
11/09/2018 Dakustaking76
20/09/2018 Digigami
22/09/2018 Agapios
26/09/2018 itod
30/09/2018 DeathAngel
12/10/2018 IntroVert
15/10/2018 explorer
18/10/2018 Searing
26/10/2018 kurious
09/11/2018 fabiorem
15/11/2018 bitserve
20/11/2018 Globb0
22/11/2018 Last of the V8s
01/12/2018 Alexander_Z
07/03/2019 CoinCube
15/04/2019 Spaceman_Spiff_Original
20/06/2019 bitebits
13/12/2019 nikauforest
10/04/2020 yefi
05/09/2020 samson   
23/06/2021 fortune143             

[JayJuanGee]

I see a repeated pattern, coming in 3 waves...
This stuff seems preprogrammed all the way...  no..? 

No the price movements of bitcoin do not seem programed. 

It seems that you can see a pattern in a chart that may or may not play out how you are projecting. 

It is fairly easy to recognize many kinds of patterns in a historical price performance chart, but that spotting of a pattern does not signify that you what you had spotted helps to you to prognosticate the future of price movements with much better than perhaps 50/50 odds.

On the other hand, I must applaud you, at least, for choosing a longer time-scale with your pattern spotting attempts.   

[KyleSpades]

The 8-8.2ks have not been tested and those upward squeezes looked pretty much orchestrated to me. Hundreds of shorts have been closed today. We're clearly long term bullish, but I do believe we could still bounce at 9k and hit the 8ks after Consensus (and then speed it up yo the 10ks again).

Hope for the best but stay alert

[Hueristic]

It looks like most people here is over 40? Noone (no matter which age) that didn't start using computers until the nineties? And absolutely no millenials here?

Interesting if that were the case.

No, several old-timers here have mentioned using Macs from 1979 & Commodore 64s from 1984.

Anyone else start out on a 166mhz pentium?

I used to overclock them to 200, does that count.

It looks like most people here is over 40? Noone (no matter which age) that didn't start using computers until the nineties? And absolutely no millenials here?

Interesting if that were the case.

No, several old-timers here have mentioned using Macs from 1979 & Commodore 64s from 1984.

Anyone else start out on a 166mhz pentium?

TRS80->C64->Amiga500->Amiga4000->~100mHz Pentium

TRS80? Man that shit was expensive!

So...wtf.

Coinbase is stopping all payment services?

And BitPay is shilling for bcash, charging high transaction fees for BTC payments even when the mempool is empty and then not providing a bitcoin address to make a payment.

No more bitcoin payments for Expedia. My hosting service is making impossible to use bitcoin.

Bitcoin use in the US is about to die.

Is anyone using Coinbase after they KYC'd?

Bitcoin use in the US is about to die.

Sick FUD, broheim.

Also, McAfee is about ~12% below dickline at present.

https://dickline.info/

Thats awesome, someone made a webpage on it. Lol He probably thought he wouldn't live that long at the time. Hah, he still probably won't.

It looks like most people here is over 40? Noone (no matter which age) that didn't start using computers until the nineties? And absolutely no millenials here?

Interesting if that were the case.

No, several old-timers here have mentioned using Macs from 1979 & Commodore 64s from 1984.

Anyone else start out on a 166mhz pentium?

My first job was a point on the early n86's when chips were sx or dx (internal maths co processor)

Ofc years before I had all the same stuff mentioned here.

A spectrum that crashed if you touched the keyboard etc.   

First game experience was a thing like big mac at an uncles house, it was a text driven game.

Did all those gaming sessions turn me brainy? its problem solving.

I was trying to keep my kids away from gaming too early, but now I have seen how quick they learnt to solve the puzzles. I am changing my mind.

Hand eye coordination, trying things that might work? all good eh?

386 the sx designation was for 16bit IIRC DX was 32bit. What your talking about was 486.

Is this thread still about btc or should it be moved somewhere else?

Here's a speculation question for you.

Why do people use data from pre Institution futures markets expecting that to forecast a completely different market?

And with that I give up trying to keep up with this thread again.

[xhomerx10]

Something to do with lambos and a conference is a reason for a rise.   Not sure how Lambo adds up to anything more the doge meme but this article was funny

Federal Reserve Bank of St. Louis President James Bullard and FedEx Corp. CEO Frederick Smith, who said blockchain technology “could be the next big disruption.”

Bullard did throw some cold water on the festivities, noting that “cryptocurrencies are creating drift toward a non-uniform currency in the U.S., a state of affairs that has existed historically but was disliked and eventually replaced.”

https://www.bloomberg.com/news/articles/2018-05-14/bitcoin-climbs-from-three-week-low-as-lambos-take-manhattan


So he is arguing against competitive currency valuation or the status of the USA economy before Federal reserve arrived and saw 90% of dollar value lost.    Every so slightly self biased in his observation possibly.

drift toward a non-uniform currency

If something is continually failing, a drift or occurrence of alternatives is a very healthy response by the economy to avoid that failure.  If the devaluation benefits some it does not benefit the millions who start life with nothing but their own labour and payment for that labour.

 You can't post an image larger than 2MB in size.  FTFY

[explorer]

You know what this thread is also about?

It's about people coming in and contributing something, anything, of value rather than simply being an asshat and criticizing the purpose/value of this thread.

My fault. Thought it was "a Bitcoin price movement tracking & discussion".

Well there's where you were wrong...  Not sure how you came up with the idea, but... wrong.

[Torque]

Hey cool kids! Create decentralized apps, launch permissioned blockchains with a single click, link permissionless ones, create cool networks of blockchain stuff, blah blah blockchain blah, blah network blah blah BLOCKCHAINZ YO!

No actual real world use cases or useful purposes needed! Apply today!

https://clovyr.io/
https://www.cnbc.com/2018/05/14/former-jpmorgan-head-of-blockchain-announces-new-start-up.html

[savetherainforest]

When police finally caught up with her, TERA's only statement was, "I got sick of the bulls."

Morning BTCitCornLand!!! Nice trap I see there!

[buyandhold]

https://blockchainhero.com/bitcoin-price-prediction-2nd-half-2018/

Wouldn't've minded commenting but too irritating to have to sign in.

[JayJuanGee]

The 8-8.2ks have not been tested and those upward squeezes looked pretty much orchestrated to me. Hundreds of shorts have been closed today. We're clearly long term bullish, but I do believe we could still bounce at 9k and hit the 8ks after Consensus (and then speed it up yo the 10ks again).

Hope for the best but stay alert

Aren't you splitting hairs when you attempt to assert that $8k to $8.2k has not been tested in recent times?

During the weekend, BTC prices dipped down within the $8,208 to $8,286 price range three times, and with decent trade volume on each downward push.

To me, those seem like tests of price support, and sufficiently close enoug to the lower $8ks to be tests of that range.

Now, sure getting to the very bottom of that range might be something that is being attempted, and could be useful in determining that prices are ready to resume the testing of upwards resistance in the $9k to $10k arena...

I doubt that it is reasonable to conclude that we are manipulated, even though there could be bearwhales who have some coins stacked up that are waiting for some stronger "down" in order to dump their coins, and pray for success.

[Toxic2040]

Cat stands with bushy tail...or..someone may have just tossed it off the roof...undecided.

#dyor

[KyleSpades]

The 8-8.2ks have not been tested and those upward squeezes looked pretty much orchestrated to me. Hundreds of shorts have been closed today. We're clearly long term bullish, but I do believe we could still bounce at 9k and hit the 8ks after Consensus (and then speed it up yo the 10ks again).

Hope for the best but stay alert

Aren't you splitting hairs when you attempt to assert that $8k to $8.2k has not been tested in recent times?

During the weekend, BTC prices dipped down within the $8,208 to $8,286 price range three times, and with decent trade volume on each downward push.

To me, those seem like tests of price support, and sufficiently close enoug to the lower $8ks to be tests of that range.

Now, sure getting to the very bottom of that range might be something that is being attempted, and could be useful in determining that prices are ready to resume the testing of upwards resistance in the $9k to $10k arena...

I doubt that it is reasonable to conclude that we are manipulated, even though there could be bearwhales who have some coins stacked up that are waiting for some stronger "down" in order to dump their coins, and pray for success.

I see what you mean. I believe we're looking at the movements from different perspectives. Even though we reached for the 8.22k during the last few days, the market was showing even stronger (at least in my opinion) bearish signals until that 450 USD squeeze from earlier today. We were trading sideways with weak bull flags being broken every few hours and we had just broken out of a strong descending channel. The volume was rather low and there wasn't a lot of gas (again, from what I could see) to start another bull run. That's why 450 USD in roughly 10 minutes didn't seem natural.

But I can't really see what's gonna happen next, I keep changing from short term bearish to bullish every 30 minutes through the past 10 hours...

[bitserve]

Good morning Jimbo.

How much for those properties if you don't mind to tell? Just curious...

The first one was a 60% stake in a 50 meter x 50 meter property including the main house, cookhouse, composting outhouse and 2 wells, one dug and one drilled. There is an additional smaller house that the original owner moved into. It has 110v electricity, intermittent town water and is just barely within town limits of a village of less than 1000 people on a gravel road. It cost me about $15kCAD, one third debt repayment, one third cash, and one third Bitcoin.

The other is a raw jungle lot with 30 meters frontage on an unnamed mud road, 15 meters deep. It is currently unserviced but I should have water by next fall and hopefully power within the year once it has electricity it will be within town limits. Both my neighbors have already offered to buy the property from me. It cost me $3.1kCAD cash.

Thanks for the detailed reply. It is always surprising what the same amount of money can afford in different parts of the world... Or less than 2 BTC if we use Bitcoin as measure in this case.

[Anon136]

the people opening the eyes and see the bitcoin is the biggest world reserve of value more and more superior of gold

I disagree. As a reserve asset bitcoin is totally outclassed by gold. Gold is more stable, has a longer history, is more trustworthy (as in maybe bitcoin is flawed or picked bad parameters or maybe it will get owned by quantum computers ect...) and is less arbitrary (there are hundreds of altcoins that aren't fundamentally inferior to bitcoin in any way except for bitcoins network effect). Gold on the other hand is totally outclassed by bitcoin as a value transfer and speculation vehicle.

[jojo69]

also. with bitcoin, you can't build little stonehenges with it

big minus right there

[Toxic2040]

Crossing indicators on the 1 hour. I think we will be testing 9k sooner rather than later.


The same battle is taking place on the daily. A crossing of the trailing MA would indicate a more bullish pattern. Regardless...I think the time for this price range is rapidly closing.

#btfd  #dyor

[JayJuanGee]

Crossing indicators on the 1 hour. I think we will be testing 9k sooner rather than later.

$9k seems such a low target, and seems to sadden me muchie.