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

[Wekkel]

We are currently near the top of the band [...]

Hairy, what do you see as the top for this run?

[1713493651]

1713493651

[1713493651]

1713493651

[1713493651]

1713493651

[Elwar]

We are currently near the top of the band [...]

Hairy, what do you see as the top for this run?

I think we already saw it at $6800.

[El duderino_]

just read this thing: You're gonna regret the boredom and peace of bear market.
A bull run is mentally exhausting.
The only thing which keeps you grinding is the euphoria of potential gains.

i have the say i'm the exact opposite ...... a BULL RUN is mentally healthy for me , maybe yes when we are in a DIP , the potential gains do keep us grinding 

so we have a small small dip now let us continue the other direction

[HairyMaclairy]

We are currently near the top of the band [...]

Hairy, what do you see as the top for this run?

Above $7200 would be a break out event imho.   We have seen $6840 so far.  I have just gotten stopped out just under $6700 on the swing back up so am still in profit today but haven't made very much so far.  

I will re-enter if we get high enough, otherwise I will just leave it.

[El duderino_]

We are currently near the top of the band [...]

Hairy, what do you see as the top for this run?

let me see  

[crypmike]

Trader on the bull market 

[hv_]

The world's biggest whales will come around here

https://www.fintechlawblog.com/2018/09/worldwide-cryptocurrency-aml-standards/

[digital_mine]

the bull run is finished already?
LOL

[Wekkel]

I suspect there will be more before this run is over. But it would be hard to surpass the last $7,4xx top.

[d_eddie]

Rationale:  we are going to stick our head above the trend line again to hunt short stops, and then drop back down again. 

That's the way I see it too, and that's what seems to be happening now. We could peak a little higher still, though.

[Majormax]

I am in a generous mood today.  I have decided that shitcoins are a good thing because they get people interested in crypto and eventually those people figure out the importance of decentralised, immutable ledgers (the smart ones anyway).  And that is enough.

I have always believed that is the case.


The speculative frenzy of alts has drawn in huge numbers of people looking for quick profit, but it has also pushed them to learn a bit about the tech.

As the BTC dominance increases, many will rotate back into BTC as a safe haven.

In the end , there will be far more BTC hodlers than if alts had never existed.

[Elwar]

The world's biggest whales will come around here

https://www.fintechlawblog.com/2018/09/worldwide-cryptocurrency-aml-standards/

"Despite the risks associated with digital assets, Mr Billingslea said they also presented “a great opportunity”. In terms of regulation"

In other words, "We can use the blockchain to track everything!"

Anti-Money Laundering. Because if the government can't track your every penny, you must be a criminal.

"but if you're not doing anything wrong, you shouldn't mind relocating to the ghetto for your protection"

[Majormax]

I suspect there will be more before this run is over. But it would be hard to surpass the last $7,4xx top.

Top at 6.8 or 7.4 has less meaning... The key is what happens on the next dip. Where is the low, and how well is it rejected ?

If the low comes in around 6k that suggests we are stuck in the same range. Above 6300 is good.  A bounce from there to 7k+ even better.

If below 5.8k, then a new bear leg is likely. Hunker down for another year of winter.

[Rosewater Foundation]

Yes Luke is an idjiot.  Didn’t realize Knots was his.  Hmmm

Wtf is Bitcoin TRB?

"The Real Bitcoin"
It's developed my Mircea Popescu and his group. It's a fork of pre-segwit Bitcoin Core. It does not recognize segwit transactions.

So an extremist fork that will gain absolutely zero traction. Great.

Just barely got caught up. MP has gone full turd now. What a charming human.

Everybody boycott Trilemma.

(As if anybody reads Trilemma.)

[bitserve]

In a couple of weeks Bitcoin will complete a full year over $5000. Not a single dip below during that time. Just saying.

We are still poor though.

[El duderino_]

^
nicely said ........ next target full year in 5-digits ??

[Torque]

so we have a small small dip now let us continue the other direction

Yeah but you could be saying this for another year or three. That's the mentally draining part for some people.

[bitserve]

^
nicely said ........ next target full year in 5-digits ??

Yep. It will take time though... More than a year for sure

[bitserve]

Just in case it helps someone else... I have found the "Bitcoin Ticker Widget" app for MAC pretty useful for tracking the price in this slow market where I almost do no trading anymore and don't have bitcoinwisdom tab permanently opened. That way I can go on with my life and still check the price in a peek the same way I would almost unconsciously check time (it is displayed in the same bar).

It is available on the App store and it is just a status ticker app so it should be reasonably audited. DYOR.

P.S.: https://itunes.apple.com/us/app/bitcoin-ticker-widget/id998255317?mt=12

[Resumean]

Meanwhile in Brighton, England.