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Question: What happens next?
$7,500 - 25 (59.5%)
$9,500 - 17 (40.5%)
Total Voters: 42

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21433610 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (129 posts by 23 users deleted.)
infofront
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October 20, 2018, 08:49:25 PM

Hmmm....



https://twitter.com/IamCryptoWolf/status/1053537626354016256
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October 20, 2018, 08:52:40 PM
Last edit: October 20, 2018, 09:15:04 PM by HairyMaclairy

Continuing to watch this carefully. Continued drift away from red line.  Possible floor forming at $6350.   Also wary of Saturday night fuckery.

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October 20, 2018, 09:09:25 PM
Last edit: October 20, 2018, 09:23:56 PM by Last of the V8s

https://twitter.com/nagertherager/status/1053732468073758720
more boobie trap

https://twitter.com/Tweet4nita/status/1040839448043429889
Tourettes gamer gurl
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October 20, 2018, 09:44:53 PM

I don't see any connection either way.  Certainly when bitcoin was $2, it was just geeks mining and a few people taking punt.  Big money didn't get involved until 2013 at the earliest, since then technical has been far more important than fundamentals.

Well, in 2013 the U.S. stock market went on a massive bull run/rally, peaked in Dec 2013, then went sharply bear in Jan 2014.

So did the Bitcoin market.

Then in 2017 the U.S. stock market went on a massive bull run/rally, peaked in Dec 2017, then went sharply bear in Jan 2018.

So did the Bitcoin market.

If you can't see that direct correlation, then I can't help you man. It's all about long money vs. short money, and smart money vs. dumb.

I would agree with you on technicals though, as the Bitcoin fundamentals haven't changed since 2012 so they don't really matter. I don't really consider SW and LN as a huge change to the fundamentals, as the utility and SoV function has been there all along.
you made me look at the charts for gringo stock market and you seem to be quite wrong

Exactly.... most of the correlation, to the extent that it could exist in some kind of way, is coincidental, more than anything.

Bitcoin is a quite different asset class, and so immature that it is going to take a long while for the correlation dynamics (to the extent that they might exist short term) to get worked out.

When an asset, such as bitcoin, is in the very early stages of adoption and likely at the bottom of the hockey stick, you are not going to find too many assets in that same stage of development and adoption.

Technicals work on the short term and looking in retrospect, but with bitcoin you also have to consider the fundamentals that continue to keep the underlying hockey stick that sometimes is difficult to see in the short term and while we are in the midst of it... but the fundamentals are going to drive the technicals beyond the little categories and boxes in which they try to short term predict bitcoin's imminent downfall that never seems to actually happen because of the underlying and unseen hockey stick - that only some peeps can appreciate such invisible hockey stick for being present.    Cheesy Cheesy Cheesy


Evidence to confirm Bitcoin's low correlation to other asset classes at least until the beginning of 2017:

https://www.signalplot.com/what-is-bitcoins-correlation-with-other-financial-assets/

Thanks for that relevant topic link. 

We do seem to need an update to the content and studies in which that article relies since it seems reasonable that some people are wanting to give greater weight to more recent financialization building in bitcoin with the passage of time (which I believe is quite reasonable for more weight to be given to more recent dates and events including further expansion of bitcoin financialization developments).
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October 20, 2018, 10:08:31 PM

Its just midnight and me thinking it ain’t much longer before carrieing me out wil  be in progress , english ain’t good , don’t mind it tonight!

Oktober schuurfeest whatever beeing drunk on sideways is whats happening and me still hetero cause my girl wearing this red hair is amazing as FUCK

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October 20, 2018, 10:15:31 PM

So we're still stuck at 6500 or so, is bitcoin the new stablecoin?

No.    Wink
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October 20, 2018, 10:27:40 PM

The hat could contain a secret boobies trap!





Boobies trap!

OMG!!!!   Wouldn't want that.

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October 20, 2018, 10:35:00 PM

Boobies trap!

Are you fellers tryin' ta turn me back hetero or sumthin' ?

Sheeit.

Just get really drunk and try it some time.

He might not go back.   Shocked
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October 20, 2018, 10:42:06 PM


 Hang on newt, we're heading for the rhubarb (and custard cider)!
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October 20, 2018, 10:43:35 PM

Precious.



https://twitter.com/paulkrugman/status/1053274998742441985
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October 20, 2018, 10:46:56 PM


I want to drink that cider she's talking about.

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October 20, 2018, 10:57:33 PM

Where is the weekend dump back to 6,2k?I want to see a thicc bollinger band! THICCC
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October 20, 2018, 11:02:31 PM

Where is the weekend dump back to 6,2k?I want to see a thicc bollinger band! THICCC

You were so busy posting here that you missed the dump. The price crashed to $6399, but there's been a pump to the moon of $6410 since then.
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October 20, 2018, 11:19:05 PM

WTF think i gotta call it a night ..... please not to sideways! Gonna check price at not for @least 10 hours i guess....

No more shitposting this evening , be well fellas and drink strong, us hodlers need of Some alcohol from time to time....

(Long time i have been going on those half litres of BEER) me body is going sideways as well ............. but CHEERS i guess
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October 20, 2018, 11:48:45 PM

Where is the weekend dump back to 6,2k?I want to see a thicc bollinger band! THICCC

You were so busy posting here that you missed the dump. The price crashed to $6399, but there's been a pump to the moon of $6410 since then.

Jesus, I could have made a few pennys! Damn.






WTF think i gotta call it a night ..... please not to sideways! Gonna check price at not for @least 10 hours i guess....

No more shitposting this evening , be well fellas and drink strong, us hodlers need of Some alcohol from time to time....

(Long time i have been going on those half litres of BEER) me body is going sideways as well ............. but CHEERS i guess


Good night! I am out of alcohol and almost out of drugs. Please no more sideways... I have nothing to distract me from the boredom!
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October 20, 2018, 11:54:40 PM

Closed my shorts.  Things starting to get a little bit interesting.  Daily candle closes in 5 minutes and looks like it will be nicely green.  

Edit:  taking small speculative long.
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October 21, 2018, 12:01:55 AM

Closed my shorts.  Things starting to get a little bit interesting.  Daily candle closes in 5 minutes and looks like it will be nicely green.  

Edit:  taking small speculative long.

Yeah... it's so, so, so interesting.  BTC price could go either UP or DOWN...... Maybe the odds for UP went from 49.37%, and now they are 50.52%..?  Whoaza!!!!!  Very interesting!!!!    Cheesy Cheesy Cheesy
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October 21, 2018, 12:02:47 AM
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Guess there really is no accounting for taste... Smiley

 Speaking of taste, care for a hat?

 

Avatar-sized

 
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October 21, 2018, 12:22:50 AM

Red line is bear trend line.  We are continuing to creep away from it.  If we can just hold the current price for another few days, this will be a bullish signal.  

We are currently range bound between $6350 and $6490.  Expect an explosive move if either of those breaks. 



https://www.tradingview.com/chart/BTCUSD/4F60KDTH-Bitcoin-creeps-sideways-out-of-the-bear-trend/

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October 21, 2018, 12:46:06 AM

Pump it
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