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

[Rosewater Foundation]

eating people

 

[Cassius]

Everything is roses. Why are you people always so down? We're still up from a year ago. Or whatever

How am I going to sell enough Bitcorn to support myself and Rick, both, for early retirement, at these prices ?!??

Everything IS NOT OK, man.

You were right to sell when you did. Alas, you probably should have unloaded the whole bucket and never looked back.

Live and learn?

There's a choreography to these things. It's potentially completing a nice bullish inverse h&s and set for reversal. Or it's heading for the abyss.
The fun bit is you don't know until it's too late.

[YourMother]

- In 5 months we've had a triple bottom with a great support at $5800
- Most of the altcoin markets are already down by 90% and lower
- There are blockchain projects that are so undervalued as a result of the bear market that I'm tempted to rob a bank just so I can buy some extra bags
- The twitter "influencers", a.k.a. shitcoin pump and dumpers have been eliminated
- The telegram pump groups and the youtube crypto analysts that were spamming the shit out of us have disappeared as well

Your grandma, your hairdresser, the gravediggers and the McDonalds workers have capitulated a long time ago.

What you see in the chart below is not people selling their bags in desperation, it's just whale day traders liquidating each other with the power of margin, otherwise, you cannot rationally explain the trading pattern. I mean, it's sideways trading for a few days (sometimes weeks) followed by green/red dildo candles. Capitulation doesn't happen this way.



All in all, I find these to be positive signs. Bitcoin is still lower in market cap than Jeff Bezos's wealth. I'm patiently waiting for the next bubble.

[Tyr808]

ETF coming on 10th August. Very good for the price short term.

If they approve one they need to that with all of them. More countries will follow, everybody wants a piece of the pie.

True. Short term gonna be good, but derivatives will mean manipulation at the power of two.

[Rosewater Foundation]

There's a choreography

 

[Cassius]

There's a choreography

 

Hey, you're actually pretty good!

[Boys27]

I think for now bitcoin prices will not rise too high, bitcoin prices this month ranged from $ 6000 to $ 6500, that's the price estimate in my opinion, maybe there will be a bitcoin price increase in the next month

[Rosewater Foundation]

There's a choreography

 

Hey, you're actually pretty good!

It's true, I'm kind of retarded, but I'm also kind of amazing.

[fragout]

- In 5 months we've had a triple bottom with a great support at $5800
- Most of the altcoin markets are already down by 90% and lower
- There are blockchain projects that are so undervalued as a result of the bear market that I'm tempted to rob a bank just so I can buy some extra bags
- The twitter "influencers", a.k.a. shitcoin pump and dumpers have been eliminated
- The telegram pump groups and the youtube crypto analysts that were spamming the shit out of us have disappeared as well

Your grandma, your hairdresser, the gravediggers and the McDonalds workers have capitulated a long time ago.

What you see in the chart below is not people selling their bags in desperation, it's just whale day traders liquidating each other with the power of margin, otherwise, you cannot explain rationally the trading pattern. I mean, it's sideways trading for a few days (sometimes weeks) followed by green/red dildo candles. Capitulation doesn't happen this way.



All in all, I find these to be positive signs. Bitcoin is still lower in market cap than Jeff Bezos's wealth. I'm patiently waiting for the next bubble.

Pretty much sums it up imo. I think most normal people who still hold btc are likely to continue to hold at this stage.

[El duderino_]

Count me in for hodling 

[El duderino_]

Everything is roses. Why are you people always so down? We're still up from a year ago. Or whatever

How am I going to sell enough Bitcorn to support myself and Rick, both, for early retirement, at these prices ?!??

Everything IS NOT OK, man.

Common bob iT maybe not ok like few months back but you know we can’t worry about that shit .... life Goes on
And new ATH’s to be Made in the future as youre’s and Ricks retirement Will be very Nice ..... 

[ophyrim]

Guys as always, time to support bitcoin. This is the official SEC link where you can share your idea about ETF with SEC and support bitcoin.

https://www.sec.gov/comments/sr-cboebzx-2018-040/cboebzx2018040.htm

[Remember remember the 5th of November]

- In 5 months we've had a triple bottom with a great support at $5800
- Most of the altcoin markets are already down by 90% and lower
- There are blockchain projects that are so undervalued as a result of the bear market that I'm tempted to rob a bank just so I can buy some extra bags
- The twitter "influencers", a.k.a. shitcoin pump and dumpers have been eliminated
- The telegram pump groups and the youtube crypto analysts that were spamming the shit out of us have disappeared as well

Your grandma, your hairdresser, the gravediggers and the McDonalds workers have capitulated a long time ago.

What you see in the chart below is not people selling their bags in desperation, it's just whale day traders liquidating each other with the power of margin, otherwise, you cannot explain rationally the trading pattern. I mean, it's sideways trading for a few days (sometimes weeks) followed by green/red dildo candles. Capitulation doesn't happen this way.



All in all, I find these to be positive signs. Bitcoin is still lower in market cap than Jeff Bezos's wealth. I'm patiently waiting for the next bubble.

The more times some support is tested, the more likely it is that it will be broken. This is TA 101.

[Last of the V8s]

https://www.htcexodus.com/

[vroom]

whales bringing the price down to make a good entry point for the ETF launch. rockets soon, countdown is running, prepare for carolina. 

[Rosewater Foundation]

Best worst-case scenario. We stagger-step down to 3xxx or 4xxx. 6xxx minimum by 2020.

Am I still bullish now?

[vroom]

Best worst-case scenario. We stagger-step down to 3xxx or 4xxx. 6xxx minimum by 2020.

Am I still bullish now?

<true bear>every number above 0 is bullish</true bear>

[d_eddie]

Bob: +1 WOsMerit.
That sums it up nicely
(The newbie trader/expert trader pic I mean.)

[Last of the V8s]

Coincidentally-Russian-owned Standard reports https://www.standard.co.uk/news/london/pub-renamed-trump-arms-for-presidential-visit-a3879986.html

Turner-owned tv has a new show https://www.nbcnews.com/pop-culture/tv/new-game-show-paid-offers-chance-eliminate-student-loan-debt-n890316


From Neil Postman's "Amusing Ourselves to Death" (1985) (via @bitstein)

[d_eddie]

Coincidentally-Russian-owned Standard reports https://www.standard.co.uk/news/london/pub-renamed-trump-arms-for-presidential-visit-a3879986.html

Turner-owned tv has a new show https://www.nbcnews.com/pop-culture/tv/new-game-show-paid-offers-chance-eliminate-student-loan-debt-n890316


From Neil Postman's "Amusing Ourselves to Death" (1985) (via @bitstein)

Does that mean "Ignore anything outside of your backyard and lead a happier, more meaningful life"?

That argument doesn't seem too relevant to the studen loan issue (except for the peculiar quiz show prize).
I'm not sure I follow.

BTW, as you undoubtedly know quite well living on the older side of the Pond, in most parts of the world public education is reasonably effective and free - or priced outside of the debt-inducing threshold (yes it means subsidized). Extortionately priced education is an almost exclusive feature of the "land of the free".