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

[Toxic2040]

This pennant needs to resolve.  More likely to go down than up but probably will just break sideways and make a new pennant.  Market is currently balanced.   Yellow line is long term bear trend line representing upper barrier to any rally.  

Where did you anchor to get that "long term bear line"?  Just curious.  I think we will flat over most of the rest of this weekend and most of the coming week. However...part of me expects a moderate pump to come along soon as there are futures to close out soon.

#btfd's

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[JayJuanGee]

GOOGLE TRENDS BITCOIN INTEREST HITS 6-MONTH HIGH

https://bitcoinist.com/google-trends-bitcoin-price-6/

Are you trying to say that bitcoin prices are going to go up sometime soon?  Or do you have some other point? 

In other words, do you have any assessment of this particular data that you provided above?

[HairyMaclairy]

Same chart zoomed out showing bear line.  Purple line is long term support from cryptowinter which we broke (ahead of schedule) before our latest drop.  We really should have waited until December before breaking it. 

[HairyMaclairy]

This shows the price is currently a bit lower than it should be in this part of the cycle.  Perhaps we are front running 2014 which would make sense. 

[Wekkel]

A bit strange but made me think: https://www.epsilontheory.com/whats-your-metagame-an-open-letter-to-the-crypto-community/

[gentlemand]

The main problem is people do not seem to have the ability to be happy with having enough, they seem to need what others have.

Indeed. I'm rather taken by that wispy negligee you're wearing. I'll wait until you're asleep before making my entry and claiming it.

[goldkingcoiner]

The main problem is people do not seem to have the ability to be happy with having enough, they seem to need what others have.

Indeed. I'm rather taken by that wispy negligee you're wearing. I'll wait until you're asleep before making my entry and claiming it.

I already called dibs.

[gentlemand]

I already called dibs.

You will remain in that giant nappy and leather baby bonnet of yours. I'll be round for that afterwards. Yield to me or events will become unfortunate.

[yefi]

Not sure what do you mean by the "same point". In time?
Overall 2013-2015 decline was 1160 (bitstamp) to 171 (coinmarketcap data) or 85%.

So far, this cycle it is 19873 to 4035 (lowest), which is about 80% (79.7%).
Right now, it is 78.8% (still much lower than 85% in 2013-2015).

Yes, I meant in time - days since the ATH. We're 341 days in now and the low point at ~4035 is around -80%. By comparison, 341 after 30 Nov 2013 the low point was ~275 or around -77%.

It may not be significant, but you'd kind of expect the bear market to be slower this time round due to the larger market cap and lower volatility.

[FractalUniverse]

Same chart zoomed out showing bear line.  Purple line is long term support from cryptowinter which we broke (ahead of schedule) before our latest drop.  We really should have waited until December before breaking it. 

yup, looks still a bit bearish, but close to exhaustion at least for now.
btw litecoin has already arrived to her "light blue line' during last run. I dont want to use it as leading indicator, but i take a look time to time for clues what to expect at major support lines.
And i hope bitcoin will stay at least one significant support level above ltc, so my potential minimal all-in level is between 2500-3000. but i'll buy some before that. even now im starting to have this fomo feeling

[El duderino_]

Same chart zoomed out showing bear line.  Purple line is long term support from cryptowinter which we broke (ahead of schedule) before our latest drop.  We really should have waited until December before breaking it. 

yup, looks still a bit bearish, but close to exhaustion at least for now.
btw litecoin has already arrived to her "light blue line' during last run. I dont want to use it as leading indicator, but i take a look time to time for clues what to expect at major support lines.
And i hope bitcoin will stay at least one significant support level above ltc, so my potential minimal all-in level is between 2500-3000. but i'll buy some before that. even now im starting to have this fomo feeling

[kromer]

I could not really bring myself to sell my BTG - and maybe that was a bit short-sighted - so I still hold all my BTG.

My excuse that I was hoping for more than 3%.. and I think that there was a pump period that they bounced between 3% and 5%, but I recall that I had not yet split my coins (meaning my BTG) during that period.. and I think after I split my BTG, they have not gone above 2% for any significant period of time.. .so mine just sit there and seem mostly irrelevant at less than 1%.... Doesn't matter a whole hell-of-a lot to me, if they go to zero before I take selling action, if I do decide to, some day.

I still have my forked BTG, as well as my BCH, and soon BSV also, and I have no intention to sell any of them. I like the idea of keeping an equal stake on all forks. Bitcoin forks get trashed in here, and I think it is ignorant group think. This is a long game, and may the best chain win. I believe small blocks and second layers are the way forward, but I keep an open mind and some of the big block arguments resonate with me.

[goldkingcoiner]

I already called dibs.

You will remain in that giant nappy and leather baby bonnet of yours. I'll be round for that afterwards. Yield to me or events will become unfortunate.

Someone call child protective services.

[HairyMaclairy]

some of the big block arguments resonate with me.

Retard

[Deeyoh]

Dumped BCH crap at 3500.. Thanks for funding me for the past year.  Probably would have had to actually found a job or something. hehe.

[HairyMaclairy]

yup, looks still a bit bearish, but close to exhaustion at least for now.

I’m still short but have sharply deleveraged.  A short squeeze to $5k or even above is a real risk.

[Torque]

Yes. There is lots of bad guy and fucker price now 4350. We need good heart but not fucker money. Despicable things is no good heart.

slow clap

Bottom of shit only found at 3500. Fucker money make you slip and fall carefully, beware the crap stick. Tiny grass is dreaming of future bull run near 6000. Do not disturb.

[Deeyoh]

Anyone want a 2016 Yamaha YXZ1000R SE side by side?  Would like to sell it for BTC if I could in the south east US.  Just don't really know best place to go about it.  We have 2 side by sides and we only use the Wolverine around the farm.

Little speed run before the gear reduction for tight woods.

https://youtu.be/IXB1q7lV5vw

[dutchlincoln]

I HATE THIS FUCKING WORLD, EVERYTHING REVOLVES AROUND FUCKING MONEY.  WHY THE FUCK CANT WE JUST ALL SHARE THE FUCKING RESOURCES FOR BASIC SURVIVAL.  WHY SHOULD A FUCKING MARKET DETERMINE IF SOMEONE GOES HOMELESS. FUCKING ALL THE LAND IS OWNED BY FUCKING BILLIONAIRES , HOW THE FUCK CAN YOU OWN LAND IT SHOULD BE FREE WE WERE BORN ON EARTH.  JESUS FUCKING CHRIST THE POOREST PEOPLE ARE THE HARDEST WORKERS. THIS LIFE IS FUCKED GLOBAL WARMING KILLING US ANYWAYS.

Everything goes around money because of TPTB. Google more about it.

The main problem is people do not seem to have the ability to be happy with having enough, they seem to need what others have.
Maybe it is a basic survival trait that we have not evolved beyond yet?
The vast majority seem to not be able to see beyond their own lifespan or possibly their grandchildren's but just don't make choices with the race as a whole in mind beyond a few generations.

i dont agree.
Over here, the problem is that the government wants more and more money to give away and spend on stuff nobody wants...
Most people just want a life without sorrows, and not having to figure out on how to pay the next bill that falls on the floor again.
Over here we have foodshelters where people with a wage can come and get food. can you imagine? Top 5 most wealthiest country in the world needs this kind of shit?
It has nothing to do with wanting to have more then the rest. Its just basic life.
Why do people need to stay with their parents until 30th life year? Why do they need to make 0-100k in debt on education before even be able to get a job? You start life with a setback of 100k, and HOPE you will earn enough to pay for it, but in the meanwhile they cannot afford a home to live in because of this debt?

The world is sick, and there are too many ---FILTHY---rich people. And im not talking about people who build some company themselve and are succesful, chapeau for that. Im talking about those Bilderbergs and Goldman Sachs people who suck the world dry and only want one thing: Even MOOOOORE.... Kill em. Shoot em. And devide their wealth under the poor of the world. Give it to immigrants so they can stay at home and build their own future...

The world is burning, but nobody wants to grab a buckit and fill it with water...

[Biodom]

Food is being destroyed.
https://www.reuters.com/article/us-usa-trade-china-grains/harvesting-in-a-trade-war-u-s-crops-rot-as-storage-costs-soar-idUSKCN1NQ0GA

Fontenot plowed under 1,000 of his 1,700 soybean acres this fall, chopping plants into the dirt instead of harvesting more than $300,000 worth of beans.

This is so 1930ies, apart from us being in Depression (so far).