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

[realr0ach]

AHAHA Jews attempting to start Gamergate 2 and already getting shot down with:

https://imgur.com/gallery/9Vy92

The 2014 expelling of the Jews from Guatemala was pretty funny.  Here's to many more expellings to come.

[DaRude]

Donate to Keep Holocaust Memory Alive
https://give.ushmm.org/donate

Roach it'd be more relevant if you'd get them to accept donations in BTC. Why don't you start working on that?

[Raja_MBZ]

Can we talk about doom and gloom yet?

You should considering buying more Bitcoin before doom happens.

what's this credit cycle referred to in the image?

edit: i found it. supposed to be total industrial credit and loans as a percentage of US GDP.

...is this chart suggesting we're about to hit another recession, when, in the opinion of most of my friends we never recovered from the last one? oh joy.

mind you, "we" basically means "me" in this case, as in the friend or friends in question were in a better place financially before the 2008 housing bubble and have yet to return to solid footing. heck, i sure was.

Overall, it looks quite bullish (see blue line):



 

[Ibian]

Can we talk about doom and gloom yet?

You should considering buying more Bitcoin before doom happens.

what's this credit cycle referred to in the image?

edit: i found it. supposed to be total industrial credit and loans as a percentage of US GDP.

...is this chart suggesting we're about to hit another recession, when, in the opinion of most of my friends we never recovered from the last one? oh joy.

mind you, "we" basically means "me" in this case, as in the friend or friends in question were in a better place financially before the 2008 housing bubble and have yet to return to solid footing. heck, i sure was.

Overall, it looks quite bullish (see blue line):



 

Zoom out. There is a crash coming that goes well below the bottom of that chart.

[Robin,Hood]

.................

Zoom out. There is a crash coming that goes well below the bottom of that chart.

Its already under way. Sweden just readied its citizen for war.
My international payment from 6 April has still not been processed by ABC (Agricultural Bank of China).
In a month and half they failed to credited the beneficiary account, and the numerous request by my bank to get in contact where so far ignored. Contacting ABC did nothing just replied i have to contact my bank (Santander) to get it sorted because of bank secrecy law they can not talk with me directly.
The payment literally vanished mid air.
Meanwhile facing demurage penalties daily.  
No successful communication between two bank in over a month and a half in times of mobil phones, email, chat,...
How is accurate account keeping possible if the whereabouts of a few thousand dollars is unknown for such a long period ?
Make sure you have Bitcoins, the car topped up  and lots of small domination of cash.

[Ibian]

.................

Zoom out. There is a crash coming that goes well below the bottom of that chart.

Its already under way. Sweden just readied its citizen for war.
My international payment from 6 April has still not been processed by ABC (Agricultural Bank of China).
In a month and half they failed to credited the beneficiary account, and the numerous request by my bank to get in contact where so far ignored. Contacting ABC did nothing just replied i have to contact my bank (Santander) to get it sorted because of bank secrecy law they can not talk with me directly.
The payment literally vanished mid air.
Meanwhile facing demurage penalties daily.  
No successful communication between two bank in over a month and a half in times of mobil phones, email, chat,...
How is accurate account keeping possible if the whereabouts of a few thousand dollars is unknown for such a long period ?
Make sure you have Bitcoins, the car topped up  and lots of small domination of cash.

I tell ya boating is the way to go for those with water access. Shelter, electricity, water and plumbing, and mobility in case of local problems.

[fortune143]

Looks like we're heading due south at the mo, who's selling right now?

[El duderino_]

[El duderino_]

Looks like we're heading due south at the mo, who's selling right now?

[El duderino_]

Can we talk about doom and gloom yet?

Mega doom.  The rodent-like Jews attacking the video game industry for not embracing full blown Marxism:

https://dailystormer.name/adl-kikes-announce-theyre-going-after-your-vidya/

 

[El duderino_]

this was only on a few buck's up moment 

[bitserve]

The more I learn about TA the more I think it's all bullshit and not much different than astrology.

I don't think you really appreciate the power of TA. The simplest daily 50/200 MA Golden Cross would have told you to start buying bitcoin at $415 and hold. When the 3 day RSI hit an unprecedented 92.99 price was over $16,000 and was a clear signal to start selling. If you missed the top there was a dead cat bounce to $17,000 before the 50/200 Death Cross final exit signal occurred at $9300. Until daily 50 MA crosses above the 200 again we are in a bear market. Every bear market is different; this one might only last 6 months but a year is quite possible until sellers are done.

Sure, there are some (macro?) signals like the golden/death cross that may have some higher change of predicting (or better yet confirming) a tendency... But many people keep trying to use TA to predict short term movements which end up having basically the same probability of being wrong than being right in their "prediction".

[4rt3m]

Market fear is increasing  



https://alternative.me/crypto/fear-and-greed-index/

[Phil_S]

Big wall at 8200. We're going to dip under 8000, aren't we? Damn it.

[fortune143]

Looks like we're heading due south at the mo, who's selling right now?

Those fools are selling up good then cos that 1d candle is getting longer and redder and longer.

[starmman]

Market fear is increasing  



https://alternative.me/crypto/fear-and-greed-index/

nice link - I wonder what is causing the selling today? Time to check the news

[Globb0]

Market fear is increasing  



https://alternative.me/crypto/fear-and-greed-index/

Increasing, as in lower than last week. Right.

[fluidjax]

Using Bitmex?
Take a read of these allegations....

https://medium.com/@mattcollburner/bitmex-insiders-caught-in-a-web-of-lies-6d9b90baa693

[Torque]

What's this credit cycle referred to in the image?

edit: i found it. supposed to be total industrial credit and loans as a percentage of US GDP.

...is this chart suggesting we're about to hit another recession, when, in the opinion of most of my friends we never recovered from the last one? oh joy.

mind you, "we" basically means "me" in this case, as in the friend or friends in question were in a better place financially before the 2008 housing bubble and have yet to return to solid footing. heck, i sure was.

Overall, it looks quite bullish (see blue line):



 

Zoom out. There is a crash coming that goes well below the bottom of that chart.

The funny thing is, the corrupt elite banking establishment and Wall Street had fully planned to sell their overpriced corporate shares into the hands of Average Joes as the economy fully recovered and was running strong again. About this point in time. Leaving the retail public holding heavy bags once again. Just like they did in 1999, and again in 2007. Then they would raise interest rates, crash the market, lower rates, money print and buy up all the cheap shares at the bottom once again. That's the only way it works for them, a repeating zero sum game.

Problem is though, their gambit didn't work this time. The economy never recovered like they hoped. Average Joe is not buying those expensive stocks. He is now swimming in personal debt and barely able to service it, and now has his "eyes fully open" in terms of what Wall Street does, their lies and the games they play. Not only does Average Joe not want to buy those expensive shares this time around, he's hip to their game, and he's broke and has no money. Any extra money he might have would probably go to Bitcoin and PMs, not stock shares. Hell, I know guys that are now talking about completely liquidating their 401ks and never contributing to them again.

So now Wall Street is REALLY fucked. They've lost the mind share of the public that they needed to continue their fraud game. That's why they are trotting out people like Buffett, Gates, and Munger to "reassure" everyone that the stock market is still the best way to go, and is still safe.

"Fool me once, shame on you. Fool me twice, shame on me. Fool me three times, I'm a complete fucking idiot that deserves my fate."  

[STT]

Its not bullish till it holds that blue line, a break would also illustrate a harder selloff then normal.    The trend just shows a point of significance not that it must bounce at that point.  Anyhow before that time we have the credit contraction and tumble in pricing.     That seems quite likely to happen with Federal reserve no longer operating QE, some small raising of rates and if they actually stop renewing the debt they buy and just return it to market then that raises market rates quite I think.

FED was the largest buyer by far in this last decade, larger then China or Japan which holds 1 tn of US treasurys.   If they arent buying and even selling, its a tide change that possibly alters the price of everything that dollar touches.
Japan I dont see as a solid pair of hands btw, how long can they justify holding a depreciating asset while also being greatly or even greater debt themselves I dont understand how that is justified except via politics.

You should considering buying more Bitcoin before doom happens.

Does Bitcoin gain during a credit contraction.   In 2008 it was said Dollar would suffer but its value spiked quite heavily and that'd likely be inverse to Bitcoin then I think.    To see a rise in BTC I think we'd need to see USD index, DXY falling or continuing to fall.    Theres alot of uncertainty if that will happen but lower dollar also means higher oil price, USA does have alot more production now which is good but its also the largest consumer so higher pricing places a further burden on the economy.


I see the Bitcoin price wavering sideways after breaking out of a downtrend.   In terms of trending I think it needs to break out of a range to move especially short term.