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

[Last of the V8s]

results of Tom Lee's twitter poll written up. link in thread https://twitter.com/PhilCrypto77/status/1047851301990748160

[El duderino_]

alright

who's on drinking duty today?

Georgian food and some Georgian wine are all I need.

via Imgflip Meme Generator

Poker on iPads but sitting together @ a friends place haha , more we don’t need

[Last of the V8s]

https://www.youtube.com/watch?v=2zni31Hy-Jg
Soulja Boy - Bitcoin (Young Drako)

Great. Now everyone has to have one. Just great.   (@FoMo_Fred)

[Last of the V8s]

some ETF got denied delayed. not the important one that everyone some have hopes for.
still, dumpy
https://www.sec.gov/rules/sro/cboebzx/2018/34-84368.pdf
another same https://www.sec.gov/rules/sro/nysearca/2018/34-84369.pdf

[Raja_MBZ]

some ETF got denied. not the important one that everyone hopes for.
still, dumpy
https://www.sec.gov/rules/sro/cboebzx/2018/34-84368.pdf

That's Graniteshares, the denial was very much expected. Why the heck would anybody dump due to that?

[bitserve]

some ETF got denied. not the important one that everyone hopes for.
still, dumpy
https://www.sec.gov/rules/sro/cboebzx/2018/34-84368.pdf

That's Graniteshares, the denial was very much expected. Why the heck would anybody dump due to that?

I don't see any dump though.

[Last of the V8s]

Here's your damn dump okay
https://www.instagram.com/explore/locations/214493890/delray-beach-florida/



   I just want you to despise me

here's the gr8 Mr Ver and some shitcoiner https://www.youtube.com/watch?v=63akDMMfiPQ

[Raja_MBZ]

some ETF got denied. not the important one that everyone hopes for.
still, dumpy
https://www.sec.gov/rules/sro/cboebzx/2018/34-84368.pdf

That's Graniteshares, the denial was very much expected. Why the heck would anybody dump due to that?

I don't see any dump though.

Yeah, sorry, correct. A "fart" (instead of dump) would be more appropriate.

Minus 20 US Dollar Fart.

[LFC_Bitcoin]

I can’t see ANY ETF getting approved for at least a couple of years. Getting annoyed with seeing $6,xxx.
Really feels 2015 rolling along $200-$300.

When is this market going to move, man?

I was promised Lambo’s, hookers & cocaine

[becoin]

some ETF got denied delayed. not the important one that everyone some have hopes for.

Nobody in their right mind cares about ETFs for a simple reason. Bitcoin doesn't need ETFs. ETFs need Bitcoin.
 

[Torque]

Don't worry boys, the Bitcoin market will continue to stay down all this year, but will begin to rise again mid next year along with the whole U.S. stock market.

Just like 2014 was, going into 2015.

You see, it's all engineered and managed markets now. It's all fake and completely managed.

They just need Average Joe to think it's real.

The game: 2-3 years of raging bull, followed by 1-1.5 years of bear.

This is exactly the way the U.S. stock market played out in 2011-2013. Then again in 2015-2017.

In a long term melt-up, this is the new new. Get used to it.  

[Hueristic]

@ICORating:

We want to introduce our new general security rating of centralized exchanges. Visit the exchange page and check stats: https://goo.gl/GLvvsi  

I wonder how they assess 233 exchanges for relative security with any accuracy that is meaningful. 

Do they phone them up and ask if they have a 'hack insurance' policy?  And a good guard dog..?

I was thinking the same thing, probably a combination of whether they have been hacked yet and asking for a bribe for ratings.

[HairyMaclairy]

Agreed.  The bottom will definitely be in by this time next year and we will be climbing again.  If we hold this level through January, odds are we have already seen the bottom. And that’s only three months away.  

[xhomerx10]

Three months?  That's depressing 😟
Better than rabies I guess!

[HairyMaclairy]

I just want you to despise me

The fastest path to capitulation is to post lots of whacky tic tac memes

[Wekkel]

Don't worry boys, the Bitcoin market will continue to stay down all this year, but will begin to rise again mid next year along with the whole U.S. stock market.

Just like 2014 was, going into 2015.

You see, it's all engineered and managed markets now. It's all fake and completely managed.

They just need Average Joe to think it's real.

The game: 2-3 years of raging bull, followed by 1-1.5 years of bear.

This is exactly the way the U.S. stock market played out in 2011-2013. Then again in 2015-2017.

In a long term melt-up, this is the new new. Get used to it.  

Not likely.

More likely: 1-3 years no crossing of $20k while essential infrastructure is being build.

HODL will get new meaning.

[Spaceman_Spiff_Original]

Don't worry boys, the Bitcoin market will continue to stay down all this year, but will begin to rise again mid next year along with the whole U.S. stock market.

Just like 2014 was, going into 2015.

You see, it's all engineered and managed markets now. It's all fake and completely managed.

They just need Average Joe to think it's real.

The game: 2-3 years of raging bull, followed by 1-1.5 years of bear.

This is exactly the way the U.S. stock market played out in 2011-2013. Then again in 2015-2017.

In a long term melt-up, this is the new new. Get used to it.  

Not likely.

More likely: 1-3 years no crossing of $20k while essential infrastructure is being build.

HODL will get new meaning.

I would agree with you, but then again I never would have thought there would be a second bubble in 2013 either, so who the fuck knows.

[Wekkel]

No one knows, so hedge your bets both ways.

[Majormax]

Three months?  That's depressing 😟
Better than rabies I guess!

More depressing if we don't hold this level through January, which is the alternative implied by Hairy. Then the bottom would, I agree , probably be in by September 2019, although it will be lower (not guessing exactly where). That will require a longer climb out of the trough.

If you look at the long term chart, it could be the case that the bowl formations at the bottom of bear markets are getting longer (that would also chime with a maturing market : less volatility). I would not like to think that a new ATH will take longer than it did in 2014-17, but it does remain a realistic possiblity.  The 2 peaks of 2013 which may have seemed possible back in March have now been rendered all but unachievable by the time frame of the current range.

In order to withstand the grinding slowness of a long consolidation, may I suggest this optimistic way of looking at it :

The peak of Dec 2017 was in fact an overshoot, caused by the opening of Chicago Mainstream Futures contracts. But for this the high could have been where it was a year ago ie about 4-5k. The present position might fall back as low as 4k, but it will then be on solid ground, with the long rising trend intact.

[Majormax]

On the whole my memory is terrible regarding specific dates & what the bitcoin price was at that time. I just looked on Stamp though to remind myself & between Jan 2015 & late October 2015 we were stuck going sideways in the $200 range (briefly dipping below $200 & briefly touching $300).

Basically I was looking for an idea of how long we could go sideways.

I wonder is the $6000 range similar before we start to move significantly upwards?

Hopefully, that maybe the case.  That 200-300 range was only around double the last-but-one high. The 2nd 2013 low of 65 was also around double the last-but-one high.

The last-but-one high now is $1300. That gives credence to my 'overshoot' theory as well.

I would rather stay in 6k range for a lot longer, to consolidate, than risk a return to more volatility and possibly lower low.  One of the biggest complaints about BTC last year was the extreme volatility. A stable and narrow range for a long time would clear that issue, whilst giving time for infrastructure to build out more.