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

[josephpogi]

get ready guys the bull market is near! #THE LAST DUMP

I don't know, the SEC will decide on 9 ETF's within 2 months. We can see a $100-$500 dump from each delay.

Altough CBOE needs a $100b market cap in order to continue their futures market, they shorted every penny out of this.

maybe this is the last bottom or if not 5800 or 5500 or 5000 then sure long term bullish ! based  on WAVED TRADER

[ulrich_zh]

Wow price down and I  don't know what i must doing now buy or sell.

[LFC_Bitcoin]

Wow price down and I  don't know what i must doing now buy or sell.

Hold for a few years if you’re able to. Near certain profit.

[STT]

Interesting Strawbs, he might be saying futures undermines BTC by operating as a naked short.  Requiring no BTC in order to sell that market would mean the price is not limited in a normal way by supply and demand.     

The price is operating in a downward channel still.   If we want a proper rise, it must break upwards from here I think.  At present we have just touched both sides.   I mentioned before a possible break but also it would need to close out on a daily bar when in fact it reversed at that point and we got that latest wave of selling.  It was also about breaching the 50 day average.

So thats the target to beat right now, 6500 close above tommorow mostly I think and 6893 is 50 day. 8 day average is about 7000.     The recent selling could just relate to a recheck of support, its negative but only short term.  I'm hearing some positive projections but not decided on that myself until we close above this negative channel and prove it was just a short term ladder down, it only has to go sideways to do this really I dont ask much 

[ulrich_zh]

Wow price down and I  don't know what i must doing now buy or sell.

Hold for a few years if you’re able to. Near certain profit.

It will be good. If that would be like in the spring of 2017

[mymenace]

The return of Wall observer, yeah

Like the shackles have been unchained

[RejectedBanana]

CBOE RESPONDS: After Delay Is Announced, Sources Confirm Continued Bitcoin ETF Confidence
https://theicojournal.com/cboe-responds-after-delay-is-announced-sources-confirm-continued-bitcoin-etf-confidence/

“Expected and the markets are acting irrationally to the announcement. Every single submission like this has gotten a delay. Again, expected. Still expect approval. 99% expectation. Print it, but as always, don’t use my name. ”

“Our team expected this delay, almost to the hour, and has been an expectation in our planning process. We won’t say when we expect an approval, but there has been specific speculation that we actually agree with and have incorporated into our timeline. We are in no way surprised by this. Most importantly, we believe our submission is the strongest yet to be put in front of US regulators, and believe that strength will be rewarded.”

“The four people I still talk to on the daily at the SEC are basically telling me this ‘it is going to get approved but we are going to make the markets understand that we dug really, really deep i.e. investor protection/transparency’. And that makes sense. The vast majority of the public still has no idea what ‘digital assets’ are or what it means. So when you do an approval like this, and the successive approvals that will follow in this asset class – think of the 3-5 year return number that will be associated with this market? And maybe that is the key to the Van Eck SolidX approval? It is set up as an accredited investor vehicle. That singular element is probably what gives so many of us a firm belief in its approval. And it is a stroke of genius by the Van Eck SolidX group.”

If you knew an approval were imminent, and you had the means, wouldn't you strive to drive the price down as much as possible in the months preceding?

What effect might an ETF approval have on Bitcoin dominance? Legitimize the entire asset class or single out Bitcoin?

One coin to rule them all, one coin to find them,
One coin to bring them all and in the darkness bind them?

It's a shame this arcane ETF approval process has basically throttled speculation, but it has done wonders for separating innovation from chaff.

What might a post-ETF world look like?

[gentlemand]

CBOE RESPONDS: After Delay Is Announced, Sources Confirm Continued Bitcoin ETF Confidence
https://theicojournal.com/cboe-responds-after-delay-is-announced-sources-confirm-continued-bitcoin-etf-confidence/

Literally the only place in the whole world with so many 'insiders' on tap.

What are the odds they're making this shit up?

[El duderino_]

Mmm. Dat smell of rekt shorts in teh morning again...

thx for the nice update  always good to see 

[El duderino_]

The return of Wall observer, yeah

Like the shackles have been unchained

return of the green fields on cmc return of the jedi to defeat the dark side of crypto chapter 1 dirty scams and shitcoins

soon to be followed by chapter 2 defeat of the centralized banking criminals
                                                                     

[ssmc2]

Last $5k buying opportunity coming in the next month.
Not long after will be the last 4 digit buy opportunity.

[Raja_MBZ]

Pump incoming?

[vroom]

Pump incoming?

we are prepared. let it pump.

[jojo69]

glimmers?

[Elwar]

I'm no chart expert but I've followed this thread long enough to know that a double bottom is a good thing.




So...

double bottom pics please

[mymenace]

Last $5k buying opportunity coming in the next month.
Not long after will be the last 4 digit buy opportunity.

Shame not gonna happen for many WEX customers, so many waiting for a pump
I suppose all they can do is hunt

go the bitcoin

[Raja_MBZ]

Pump incoming?

Yup, it's here... bulls are trying to take the control back from bears.

I'm no chart expert but I've followed this thread long enough to know that a double bottom is a good thing.




So...

double bottom pics please

That does look like a double bottom (specially if it continues to go upwards for another little while). However, one-month is a little bit too little time-frame for a double bottom, something like this generally gives the idea of short-term bounce and it shouldn't be taken into view when you're planning long-term.

double bottom pics please

Okay then, next two pages of this thread are gonna be total rubbish.

[kurious]

double bottom pics please

well... we're waiting.

Where is V8 when you need him?

[bones261]

So...

double bottom pics please

Will this do? 

[kurious]

Well, I guess in a bear market like this it's about all I could expect.

Blah blah... this thread isn't what it used to be... a double bottom used to be a thing... blah blah...

I think I will get my coat.