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

[Hueristic]

Nice read on the current state of the SEC commissioners:

The Elad Effect: How the SEC’s New Commissioner Changes Things for Bitcoin ETFs
https://medium.com/@JohnGaltBPM/the-elad-effect-how-the-secs-new-commissioner-changes-things-for-bitcoin-etfs-f4bb29e95bd6

Quoting to make sure all interested parties saw this. It explains the current ETF situation well.

So do I understand this correctly that after this one Commissioner is replaced a SEC ETF approval is likely?

Yes. There is a communist Obama holdover who can't stay past Dec. 2018. So as of Jan. 1 2019, the SEC commissioners will practically all be free market capitalists and will approve the VanEck Bitcoin ETF sometime in 2019.

It's all so confusing... I thought Trump was the commie with all the Putin dick he sucks.

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[Yaplatu]

Looks like bull runn starts now! This might like what happen last year? Imma right? Buy now! Or cry later?  

but BTC still can lose 72%  

Why 72% exactly? (troll?)

[crypmike]

Looks like bull runn starts now! This might like what happen last year? Imma right? Buy now! Or cry later?  

but BTC still can lose 72%  

Why 72% exactly? (troll?)

On the chart which was mentioned above

[Hueristic]

Nice read on the current state of the SEC commissioners:

The Elad Effect: How the SEC’s New Commissioner Changes Things for Bitcoin ETFs
https://medium.com/@JohnGaltBPM/the-elad-effect-how-the-secs-new-commissioner-changes-things-for-bitcoin-etfs-f4bb29e95bd6

Quoting to make sure all interested parties saw this. It explains the current ETF situation well.

So do I understand this correctly that after this one Commissioner is replaced a SEC ETF approval is likely?

Yes. There is a communist Obama holdover who can't stay past Dec. 2018. So as of Jan. 1 2019, the SEC commissioners will practically all be free market capitalists and will approve the VanEck Bitcoin ETF sometime in 2019.

It's all so confusing... I thought Trump was the commie with all the Putin dick he sucks.

Weird you'd think you would believe Bitcoin was a Ponzi and pyramid scheme with all the msm you believe.

MSM? Methylsulfonylmethane? WTF are you talking about? BTC a Ponzie? U be trippin.

[infofront]

Looks like bull runn starts now! This might like what happen last year? Imma right? Buy now! Or cry later?  

but BTC still can lose 72%  

Why 72% exactly? (troll?)

On the chart which was mentioned above

It's not clear on that picture, but I think the 72% is referring to the point at which we'll have a breakout one way or the other (the area shaded in green). The author says most breakout occur 72% of the way into a wedge.

[El duderino_]

@LFC..... Liverpool  ....... @myself enjoying hazard  on fire as fuck
@WO’s cheers get drunk its weekend i Will have my part after the game
@shitcoiners ——> buy bitcoin

3 more points, 5 wins out of 5. Good times for LFC (Liverpool )

Just watching TV, hitting the blunt

Let’s see a damn weekend pump, man!

Haha perfect evening..... also enjoyed the games afterwards went to a thaibox-gala a friend of the club had to
Fight and other Many good fight also perfect evening for once in a while , and good for not watching BTC .... Just run into a few friends that also invested in my friends “crypto”fund offcourse all asking wtf is Going on they Where @ 300-ish% and now only 50-100% ( only the once invested after januari are in red offcourse ..... and whats Going on?? Is iT gonna come good again, 1 asked me to help buying a few BTC’s So that’s positive Haha but the questions man man ....

[HairyMaclairy]

Option 1.  We bounce off the 30 day MA (yellow line).  Seems unlikely.

Option 2.  We keep rising until we hit the downtrend line and then make a decision.  Prediction:  we make a small upwards break across the downtrend line then fall back down into the wedge. 

[JayJuanGee]

Nice chart pr0n


https://www.tradingview.com/chart/BTCUSD/SokleG3E-WHAT-NO-ONE-SEES-ONE-IN-A-LIFETIME-CHANCE-CryptoManiac101/


As we go sideways, we're nearing the bottom of the long-term log channel that's been in place since 2010. Price will need to turn bullish soon to keep the log trend intact.

Even though I like what I see, the chart seems overly optimistic to me because it only provides upwards scenarios, and I personally think that there is going to be quite a bit of resistance between here and $17k, at least, and perhaps even at $19k, too?  We will see decent resistance at $10k and at points between $13k and $17k.  

Seems unlikely that we would just get through those relatively proximate resistance point without the subsequent price fall or sideways showing on any reasonable prediction chart.  What am I missing?

The chart author seems to project the bullish scenarios without acknowledging the existence of likely clear and strong points of resistance between our current price and December 2017 ATH

[crypmike]

It's not clear on that picture, but I think the 72% is referring to the point at which we'll have a breakout one way or the other (the area shaded in green). The author says most breakout occur 72% of the way into a wedge.

Ye now I see.. but where is the losing potential on this chart?

How do I not like examples with only one option..  

[d_eddie]

It's all so confusing... I thought Trump was the commie with all the Putin dick he sucks.

What's Putin got to do with communism?

[JayJuanGee]

First 20 seconds is an animation.  So wait past that.

https://txhighway.com

What is this ? I have been watching this for like few minutes. 4 green cars passed, 2 blue, yellow bus and one motorcycle.
Police officer should have come there coz lots of the drivers are violating driving restrictions on the highway  

Actually it is smth wrong with the bottom line, because the sign "you are here" are in two places  

 Dude.  It says "Your ad here"

Edit: Do you work night shifts too?

If nights with recently born child are counted as "night shifts", then yes, I do work day shifts and night shifts  

Looking at cmc and dont understand why it is green for last 3-5 day while it was going down so nicely. I must be sleeping atm.

If you have ever looked at the movements of markets, rarely are you going to find that they move in one direction for any significant amount of time - especially if you zoom down to the daily and the 3-day periods.  They tend to move in waves, even while zooming out (and taking an historical perspective - such as looking at weekly or monthly over a long period) may cause them to appear as if they had been moving in a straight line.

[Hueristic]

It's all so confusing... I thought Trump was the commie with all the Putin dick he sucks.

What's Putin got to do with communism?

KGB career
Putin in KGB uniform, circa 1980

In 1975, Putin joined the KGB and trained at the 401st KGB school in Okhta, Leningrad.[31][45] After training, he worked in the Second Chief Directorate (counter-intelligence), before he was transferred to the First Chief Directorate, where he monitored foreigners and consular officials in Leningrad.[31][46][47] From 1985 to 1990, he served in Dresden, East Germany,[48] using a cover identity as a translator.[49] Masha Gessen, a Russian-American who has authored a biography about Putin claims, "Putin and his colleagues were reduced mainly to collecting press clippings, thus contributing to the mountains of useless information produced by the KGB."[49] According to Putin's official biography, during the fall of the Berlin Wall that began on 9 November 1989, he burned KGB files to prevent demonstrators from obtaining them.[50]

https://en.wikipedia.org/wiki/Vladimir_Putin#KGB_career

More than a decade after its fall he tried to distance himself from it.

In 1999, Putin described communism as "a blind alley, far away from the mainstream of civilization".[54]

You don't get into the KGB without being a hardline Commie. That is a a fact.

[crypmike]

You don't get into the KGB without being a hardline Commie. That is a fact.

Wat? In Russia commies are considered a party for pensioners

Among the youth there are none of them at all

KGB supports Putin, communists are agianst him (and any democracy leaders), so how is it possible?

[infofront]

It's all so confusing... I thought Trump was the commie with all the Putin dick he sucks.

What's Putin got to do with communism?

KGB career
Putin in KGB uniform, circa 1980

In 1975, Putin joined the KGB and trained at the 401st KGB school in Okhta, Leningrad.[31][45] After training, he worked in the Second Chief Directorate (counter-intelligence), before he was transferred to the First Chief Directorate, where he monitored foreigners and consular officials in Leningrad.[31][46][47] From 1985 to 1990, he served in Dresden, East Germany,[48] using a cover identity as a translator.[49] Masha Gessen, a Russian-American who has authored a biography about Putin claims, "Putin and his colleagues were reduced mainly to collecting press clippings, thus contributing to the mountains of useless information produced by the KGB."[49] According to Putin's official biography, during the fall of the Berlin Wall that began on 9 November 1989, he burned KGB files to prevent demonstrators from obtaining them.[50]

https://en.wikipedia.org/wiki/Vladimir_Putin#KGB_career

More than a decade after its fall he tried to distance himself from it.

In 1999, Putin described communism as "a blind alley, far away from the mainstream of civilization".[54]

You don't get into the KGB without being a hardline Commie. That is a a fact.

In 1999, Putin described communism as "a blind alley, far away from the mainstream of civilization".

https://en.wikipedia.org/wiki/Vladimir_Putin#KGB_career
https://www.newyorker.com/magazine/2014/08/11/watching-eclipse

[RoomBot]

We should hope that BCH has a long life. The big blockers need their own chain that they can squabble about block size and other things. Let them have their hash wars on their own chain(s).

...and on their own threads.  Just sayin'.

[RoomBot]

@LFC..... Liverpool  ....... @myself enjoying hazard  on fire as fuck
@WO’s cheers get drunk its weekend i Will have my part after the game
@shitcoiners ——> buy bitcoin

3 more points, 5 wins out of 5. Good times for LFC (Liverpool )

Just watching TV, hitting the blunt

Let’s see a damn weekend pump, man!

Keep smoking dude!  $6500 and rising.

[El duderino_]

Rick has left me for a week, while he is away on business in The Netherlands, Belgium, and Hungary.

I'm already on beer #5.

It's gonna be a weird few days coming up, yo.

Sleep schedule is already fucked up less than 24 hours after his departure, and the cats are angry with me because I'm not giving them their usual snacks, like Rick does, because, well, we treat them like royalty already... but I digress...

Here's hoping for a firm $7k USD by the time he returns next week.

I can sympathize with some of that. I have the house to myself for today, which is rare.

I had some things planned, but so far I've slept in til 12:30pm and have been sitting at my computer since.

I have to work up the motivation to drag myself into the home gym. After, I may pop open some wine.

Similar spot for me as well ..... only my week alone Will end tomorrow cause the lady is coming home back , only @9 days alone i drunk less.....enjoying myself more When drinking together as alone 

If you would have been in belgium .... in place of Rick then i had bought you a HANGOVER you would remember till we have a good bull run to sober up with ( you know the one that Just can’t heal ) 

[El duderino_]

^
First time he Goes to belgium? What city ? And gonna be lucky extremely rare good Wheater coming week.....
 

[HI-TEC99]

@LFC..... Liverpool  ....... @myself enjoying hazard  on fire as fuck
@WO’s cheers get drunk its weekend i Will have my part after the game
@shitcoiners ——> buy bitcoin

3 more points, 5 wins out of 5. Good times for LFC (Liverpool )

Just watching TV, hitting the blunt

Let’s see a damn weekend pump, man!

Keep smoking dude!  $6500 and rising.

Lets hope the poll's > $7000 option is triggered by the end of Sunday.

[bones261]

We should hope that BCH has a long life. The big blockers need their own chain that they can squabble about block size and other things. Let them have their hash wars on their own chain(s).

...and on their own threads.  Just sayin'.

We all know that this particular thread doesn't remain on topic. It's part of the charm.