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

[jojo69]

how cute, it's like a microbart

[bluebits]

Stop me before troll side pulls me in. Someone! please trash my trading approach here/

[Paashaas]

[Phil_S]

This is what you think about Bitcoin when you purchased a tee for 12 BTC (at ~$0,38/BTC price), like this banker did:

Russian Banker Warns, Tighter Crypto Regulations Will Hurt Blockchain Development

A ban on cryptocurrencies on state level would endanger the development of blockchain technologies and prevent the disclosure of the full potential of digital currencies, according to German Gref, a prominent banker and former minister of economy and trade of the Russian Federation. Although he admits he does not use cryptocurrencies, Gref notes that he considers them a source of financing for the blockchain development. In April, he said the technology was still “unripe and overvalued.”

German Gref is the president of Sberbank, which is the largest bank in Russia and among the biggest in Europe. Earlier this year, reports suggested that Russia’s “savings bank” was planning to circumvent local regulations and offer clients overseas crypto-trading services.

Gref also shared his opinion that the majority of countries do not recognize cryptocurrency because of its decentralization. “No state will part with the monopoly on money issuance. Most governments believe that cryptocurrency is a property and, like any other property, must be taxable,” he said, quoted by Kommersant, a leading Russian business daily. The banker also cautioned that investing in digital assets is associated with high risks.

https://news.bitcoin.com/bitcoin-in-brief-saturday-switzerland-votes-on-sovereign-money-referendum-russian-banker-warns-against-crypto-ban/

It's pretty amazing to see a banker who experimented with bitcoin that early, when the price was ~$0,38/BTC.

[4rt3m]

BITCOIN NOT BLOCK-CHAIN GET IT RIGHT!!! =) WEEEEEEEEE

I know, I know, but he was talking about crypto currency and as Phil_S spotted, had experience to exchange Bitcoins as very early-adopter. Actually I think that officials use ‘blockchain’ word as euphemism to Bitcoin in most cases.

[Torque]

Many people think that Bitcoin's price action is just pure speculation and completely disconnected from other markets, like equities, commodities, hedge markets, PMs, etc.

But if you ascribe to the notion that :

a) Bitcoin could be a safe haven hedge like PMs, and that
b) the equities market is topping and looks really strained/risky, along with
c) what is happening to the emerging markets, hyperinflation countries, and with
d) Central Banks insolvencies, the Deutsche Bank downgrade, etc.

Well then.... the Bitcoin price action over the last 2 years makes perfect sense in that context.

[4rt3m]

It's pretty amazing to see a banker who experimented with bitcoin that early, when the price was ~$0,38/BTC.

More interesting that’s it’s not a regular banker, he’s a CEO of the biggest Russian government-affiliated Sberbank.

[infofront]

Stop me before troll side pulls me in. Someone! please trash my trading approach here/

Okay. It looks like you're trying to trade tops and bottoms, but you can't call tops and bottoms until far after the fact.

[Ludwig Von]

Many people think that Bitcoin's price action is just pure speculation and completely disconnected from other markets, like equities, commodities, hedge markets, PMs, etc.

But if you ascribe to the notion that :

a) Bitcoin could be a safe haven hedge like PMs, and that
b) the equities market is topping and looks really strained/risky, along with
c) what is happening to the emerging markets, hyperinflation countries, and with
d) Central Banks insolvencies, the Deutsche Bank downgrade, etc.

Well then.... the Bitcoin price action over the last 2 years makes perfect sense in that context.

And soon it will make more sense... .

[FractalUniverse]

...
Guess it depends where you draw the lines at..it looks bearish to me..upwards rising pennant.  I put the "top" line in a funny area so it looks almost bullish I suppose..   Meh..there are no flags(spoons)..remember?  

im just trying to read from tea leaves. But i dont think this line will give way from here with this no volume market. I see it more likely that [if it should break down at all] it will bump or creep up slowly much higher first, and then come straight down with force-without sitting close to trendline for days.

[Toxic2040]

im just trying to read from tea leaves. But i dont think this line will give way from here with this no volume market. I see it more likely that [if it should break down at all] it will bump or creep up slowly much higher first, and then come straight down with force-without sitting close to trendline for days.

You have tea leaves??     Hella more than I was offered thats for sure. Use what you got.
I do believe $7kish was our bottom. I also believe it might be retested late summer at some point..but I doubt this week.
-----------

I am observing the little bastard closely..that squirrel looks like he's ready to bolt..but who knows which way. Up is looking likely to test resistance at $7.95k, support appears firm at $7.575k.
He is definitely taking a long hard look that is for sure. The trailing indicator is about to slam into the wall soon..have to see if it bends upwards or plows straight through. Do we continue to hover until the daily close for a possible doji?
Stay tuned..


#dyor #stronghands #cryptouplift #btfd

[4rt3m]

I love this game.

[El duderino_]

[ivomm]

^^^
Here we go again. Sooner or later SEC will give up

https://www.bloomberg.com/news/articles/2018-06-06/bitcoin-etf-dreams-kept-alive-with-new-solidx-vaneck-sec-filing

[infofront]

CFTC Comissioner Behnam:

Let me repeat that:  these currencies are not going away and they will proliferate to every economy and every part of the planet.  Some places, small economies, may become dependent on virtual assets for survival.  And, these currencies will be outside traditional monetary intermediaries, like government, banks, investors, ministries, or international organizations.

We are witnessing a technological revolution.  Perhaps we are witnessing a modern miracle.

[bones261]

Perhaps this is a good excuse to have a relapse. 

[smartcomet]

Next time someone tells you Bitcoin mining wastes too much energy, show them this:



https://twitter.com/KryptykHex/status/1005079233075515393

https://twitter.com/ArminVanBitcoin/status/1005085081046736896

Here's an updated comparison of global energy consumption.

Banking: > $1,870B
Bitcoin: ~$3.5B

Bitcoin Energy Consumption Index
https://digiconomist.net/bitcoin-energy-consumption

[BTCHadzija]

what do you guys think which way this ascending triangle is going to break? upwards movement would pave the way to at least 9000 

Well, I got my answer

by monday at last we'll have btc at 7100, maybe even earlier and maybe even lower




protect your funds, friends

[nikauforest]

I hate to be a bear...I think we have a good chance of hitting 4900 -5200 in July to August. Hopefully that would form a bottom. Again it is anyone's guess.

[jadenunderhill]

I hate to be a bear...I think we have a good chance of hitting 4900 -5200 in July to August. Hopefully that would form a bottom. Again it is anyone's guess.

real botom is 2-2.5. Even this forum "oracle" masterluc predicted that before. The sad thing is that this level can be for a long (2-3 years) period. Sad but true.