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

[lightfoot]

Eh. My opinion on the nature of bitcoin, the recent trials, turbulation and tribulation in the markets, and my thoughts on the future of this coin can be summed up in the following image:

[1713265142]

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[stoat]

Looks like 0xBTC is pumping today

https://coinmarketcap.com/currencies/0xbtc/#markets

[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

Haven't we visited the $6k "bottom" range about 4 times in recent months?  Since February, right?  That is quadruple bottom.

Instead of lambos, we are getting lamb bottoms?  Fuck.

We hit $5.8k twice. That was the long term double bottom.

The medium term (this past month) double bottom was at $6.2k.

[jojo69]

...inspirational treatise...

You left out the part where central banks will be forced to hold BTC as reserves.  A minor oversight, but I think it bears a mention.

bravo sir

[Elwar]

...inspirational treatise...

You left out the part where central banks will be forced to hold BTC as reserves.  A minor oversight, but I think it bears a mention.

bravo sir

Can you imagine the private key ownership of these government entities?

I used to use a smart card at work. This was for a network used by just about everyone in the military and most of the government.

They had one guy in the world that had a single key that was used to secure all of these cards.

At one point, he quit.

I found this out after my card shit the bed and I was waiting for 3 months to get a new card so I could get access to my computer (trust me, I really didn't care...I was still getting paid for not working). They told me that a lot of people were in the same predicament. They urged people to please turn in their cards when they left their jobs (so they could be re-used).

[JayJuanGee]

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

Haven't we visited the $6k "bottom" range about 4 times in recent months?  Since February, right?  That is quadruple bottom.

Instead of lambos, we are getting lamb bottoms?  Fuck.

We hit $5.8k twice. That was the long term double bottom.

The medium term (this past month) double bottom was at $6.2k.

Perhaps it is a matter of framing, because I do believe that we should be considering what is happening in the overall correction that started after the mid-December 2017 peak. 

I am not saying anything new, but the bottom of the first price correction was in early February, and broke $6k, but only for a short period - perhaps hours.  Thereafter, we have had at least 3 additional attempts to break below the $6k range - perhaps our current attempt (floating in the $6,300s to $6,600 area) is not over yet.

 Anyhow, I don't really consider it fruitful to attempt to parse out a shorter period of time after February 2018 - because in essence what seems to be happening with the so far 4 attempts to break below $6k is to really verify if the bottom is in and to verify whether any more folks are willing to be shooken from their coins.  The froth in the alt coin space can exacerbate such bitcoin shakening attempts, but in the end, bitcoin does remain it's own creature too, and surely the leader of coins (even though some dumb money does seem to get confused by whether bitcoin has fallen from its ongoing lead in terms of ongoing building network effects).

In sum, you can attempt to get me to recognize a two bottom situation, and I am going to put my fingers in my ears and cover my eyes to such claims, especially when it continues to seem to me that we gotta attempt to consider the broader package that involves the early February bottom, too.

Speak to da hand, speak to da hand.



hahaha   

[Elwar]

In sum, you can attempt to get me to recognize a two bottom situation, and I am going to put my fingers in my ears and cover my eyes to such claims, especially when it continues to seem to me that we gotta attempt to consider the broader package that involves the early February bottom, too.

Umm...recognizing a double bottom is quite fruitful on this thread.

Much better thing to see than burned shorts.

[JayJuanGee]

In sum, you can attempt to get me to recognize a two bottom situation, and I am going to put my fingers in my ears and cover my eyes to such claims, especially when it continues to seem to me that we gotta attempt to consider the broader package that involves the early February bottom, too.

Umm...recognizing a double bottom is quite fruitful on this thread.

Much better thing to see than burned shorts.

Hey... I have no problem seeing burned shorts, but I really don't know what they mean because there could be a whole hell-of-a lot of shorts burning all the way up to $10k.

It seems to me that we gotta get above $10k anyhow before we get too confident that the bottom(s) (however many there have been so far) are "in."  

Part of my thinking remains that unless we get above $10k and stay there for a while, we still remain in close striking distance of our current local bottom(s)(again however many there are), and we cannot really rest with comfort while BTC prices are in such close bottom(s) proximity.

By the way, maybe I am wrong about $10k and maybe the safe price point is at a different amount?    I am just using that $10k as an approximate tentative place, at the moment, in my current thinking.

[HairyMaclairy]

newish twitter reason to fomo/clutch at straws/smoke the hopium: Bitmain IPO
https://twitter.com/Crypto_Bitlord/status/1027492680320802816

You know something has gone to shit when they IPO it. 

[Majormax]

It seems to me that we gotta get above $10k anyhow before we get too confident that the bottom(s) (however many there have been so far) are "in."  

Part of my thinking remains that unless we get above $10k and stay there for a while, we still remain in close striking distance of our current local bottom(s)(again however many there are), and we cannot really rest with comfort while BTC prices are in such close bottom(s) proximity.

By the way, maybe I am wrong about $10k and maybe the safe price point is at a different amount?    I am just using that $10k as an approximate tentative place, at the moment, in my current thinking.

Good analysis, in my view.

The market will tell us where it is going, ultimately. We can make scenarios and conjectures.  Using the terms if/then/but for alternatives is important.


10k would certainly improve the odds that the bottom was in. Looking at the time scales of the down wave (I would rather call this a bear market) you can see it is unlikely we can form an bullish opinion for some months (10k is going to take a bit of work to get to).

With price sitting near lows, a bearish opinion could be quicker to get to (if 5.8k is broken decisively).

I look at the price action with decades of chart/trend watching  experience , and those are the sort of reasons for me to say on balance, we are still in a bear market. A base, and bull trend will take time and market 'effort' to form. Current price action could be forming a bottom, but its too early to say. All the previous lows of major BTC bear trends have been short lived (spike bottoms), and that doesn't bode well here.

[ToTheMoon_XOM9IK]

[El duderino_]

So what is This weekend gonna bring me.....? For sure a good proportion of fine food and alcohol This evening, a NOCOINER wedding tomorrow So again lots of booze Just to project myself of getting in No NOCOINING talks 
Sunday super relax and sober up times with watching premier league offcourse but al This Will iT go with a BTC weekend pump or a BTCweekend dump mmmmm whatever i Will probably be to fucked up to even Just watch the prices 

[HairyMaclairy]

[Last of the V8s]

https://status.pro.coinbase.com/

Update - The BTC-USD order book did not meet sufficient liquidity needed to enter limit-only mode. We have cleared the book and expect to re-open the book in post-only mode at 9:00am PT.
Aug 10, 00:31 PDT
Update - The BTC-USD order book is now in post-only mode. We will remain in post-only mode for a minimum of 10 minutes.
Aug 10, 00:01 PDT
Update - We have cleared all resting orders on the BTC-USD book. We will enter post-only mode at 12:00am PT.
Aug 9, 23:57 PDT

How are you meant to get out to usd in a dump?

[mymenace]

https://status.pro.coinbase.com/

Update - The BTC-USD order book did not meet sufficient liquidity needed to enter limit-only mode. We have cleared the book and expect to re-open the book in post-only mode at 9:00am PT.
Aug 10, 00:31 PDT
Update - The BTC-USD order book is now in post-only mode. We will remain in post-only mode for a minimum of 10 minutes.
Aug 10, 00:01 PDT
Update - We have cleared all resting orders on the BTC-USD book. We will enter post-only mode at 12:00am PT.
Aug 9, 23:57 PDT

How are you meant to get out to usd in a dump?

The storm is upon us

They are down globally, in parts (correction)

Something going on (Singapore, Australia, USA)

[Last of the V8s]

Looks like 0xBTC is pumping today

https://coinmarketcap.com/currencies/0xbtc/#markets

take your corporate kleptocurrency and shove it where the sun don't shine

[mymenace]

Stolen in whales, bitcoin and altcoin analytics for 2018-2019.
Here are all plans that will be bitcoin and altoquin courses.
Starting from 2018, everything described in the document came to an accuracy of 94%.
Download document (.doc file) - http://[Suspicious link removed]/2JUfl0X
Password to open - C68Qy6}O~wfUaRX$gr8~GXE$

Virus above - interesting

No one ever provides answers

I registered to CryptoPolice Twitter campaign
My registration code is OFCR-1ES22D4AAFF2D3CE444523957SEUB682AAS7853

Shall we play a game

[Last of the V8s]

Core dev Cory Fields saved Bcash from collapsing....

https://medium.com/@coryfields/http-coryfields-com-cash-48a99b85aad4

What a fucking shit show.
If your enemy has a chink in his armour, you don't point it out to him, you plunge your sword in right there. Kill him off and move on to the next fucker.
But oh no MIT are complete enemies of bitcoin, brainboxes paid by the USG to fuck it up and keep its other enemies alive.
don't @ me

[Last of the V8s]

http://webcache.googleusercontent.com/search?q=cache:https://www.imf.org/external/pubs/ft/fandd/2018/06/central-bank-monetary-policy-and-cryptocurrencies/he.pdf https://www.imf.org/external/pubs/ft/fandd/2018/06/central-bank-monetary-policy-and-cryptocurrencies/he.pdf

Epic disruption incoming courtesy of teh bitcoin

[HairyMaclairy]

USD / Turkish Lira.  This is exponential inflation.