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

[d_eddie]

Present volume looks like the market is coming to a slow freeze.
Until the next big move?

[luckygenough56]

[Last of the V8s]

I'm just here for the beer.

[luckygenough56]

short term we could test the 2970ish from september 2017 then go for the mini shoulder to 4700ish, predictable but it often works that way.

I started to buy a bit already because i'm not sure we will go that low, it looks stagnant to me, like it will rocket in a few days

[Totscha]

Yeah, everyone is dismissing this option and only considering the 'new ATH in 2021', because the last cycle was 4 years long.

Just like they all KNEW that there will be a new ATH at the end of 2014, because 'historicaly the cycles repeat every 7-9 months'...

[gentlemand]

Yeah, everyone is dismissing this option and only considering the 'new ATH in 2021', because the last cycle was 4 years long.

Just like they all KNEW that there will be a new ATH at the end of 2014, because 'historicaly the cycles repeat every 7-9 months'...

Wasn't April 2013 largely a Gox mirage? They certainly finished it off single handedly. I rarely see it referred to any more.

[Last of the V8s]

@belenmarty 3 minutes ago
(not my joke) 👏👏👏
A young lightning dev shows her latest work to her banker father. the father says to his daughter, “would you like to hear my opinion on bitcoin?” “yes,” she says. “it’s worthless,” says the banker. “i know,” the daughter replies, “but let’s hear it anyway.”

[Totscha]

Yeah, everyone is dismissing this option and only considering the 'new ATH in 2021', because the last cycle was 4 years long.

Just like they all KNEW that there will be a new ATH at the end of 2014, because 'historicaly the cycles repeat every 7-9 months'...

Wasn't April 2013 largely a Gox mirage? They certainly finished it off single handedly. I rarely see it referred to any more.

Wasn't Dec 2017 largely just a Finex/Tether mirage?

[LFC_Bitcoin]

I need to feel alive again.

These Bitcorn prices are seriously starting to numb me.

My morning testicular routine - smashing my testicles at least a dozen times between two titanium platters - I feel nothing.

I'm thinking I might need to get my balls, taint, and asshole waxed, just to feel... something...

I’m kind of numb to it now too. The shock & horror I felt as we were crashing down in thousand dollars increments like a hot knife through butter has gone.

The worry & fear has subsided.

I too, kind of feel nothing!

[Totscha]

Yeah, everyone is dismissing this option and only considering the 'new ATH in 2021', because the last cycle was 4 years long.

Just like they all KNEW that there will be a new ATH at the end of 2014, because 'historicaly the cycles repeat every 7-9 months'...

Wasn't April 2013 largely a Gox mirage? They certainly finished it off single handedly. I rarely see it referred to any more.

Wasn't Dec 2017 largely just a Finex/Tether mirage?

You.... You... Don't say that.

I was just trying to point out that there's a manipulation explanation for every single ATH bubble we've had so far... I don't think it's the whole story, but it's certainly a part of if.

Don't forget, Nov 2013 was just 'Willy Bot' going crazy

[alevlaslo]

"bitcoin will not be cheaper than $149, it is necessary to buy now!" 
https://forum.bits.media/index.php?/topic/952-%D0%BA%D1%83%D1%80%D1%81-bitcoin/&do=findComment&comment=224424

[BTCMILLIONAIRE]

Yeah, everyone is dismissing this option and only considering the 'new ATH in 2021', because the last cycle was 4 years long.

Just like they all KNEW that there will be a new ATH at the end of 2014, because 'historicaly the cycles repeat every 7-9 months'...

Wasn't April 2013 largely a Gox mirage? They certainly finished it off single handedly. I rarely see it referred to any more.

Wasn't Dec 2017 largely just a Finex/Tether mirage?

You.... You... Don't say that.

I was just trying to point out that there's a manipulation explanation for every single ATH bubble we've had so far... I don't think it's the whole story, but it's certainly a part of if.

Don't forget, Nov 2013 was just 'Willy Bot' going crazy

My hunch is that "manipulation" exists to the extent that it pushes the technicals that are most likely over the edge. E.g. if the indicators say sell-off or rally due, there's some twats paying off mass media and cooking the books to push us over the edge. I don't see them actually shifting anything in a direction that wouldn't naturally be possible. Craig for example always seems to announce his horseshit when a market move is due anyways, and then tries to take credit for that. Anything other than that could (and thus probably would) lead whales to cuck each other out of their coins and fiat.

[Last of the V8s]

https://youtu.be/AjnM2shYIrM What is a Bitcoin?
Bitcoin Poet Published on Nov 21, 2010
The first bitcoin video on that youtube (via https://twitter.com/yassineARK/status/1072263014844428288 )
Some excellent points there and in his later works:

[gembitz]

I'm just here for the beer.

bitcoin tommy gun ~ shut down the icos !! weeeee

[Totscha]

...
My hunch is that "manipulation" exists to the extent that it pushes the technicals that are most likely over the edge. E.g. if the indicators say sell-off or rally due, there's some twats paying off mass media and cooking the books to push us over the edge. I don't see them actually shifting anything in a direction that wouldn't naturally be possible. Craig for example always seems to announce his horseshit when a market move is due anyways, and then tries to take credit for that. Anything other than that could (and thus probably would) lead whales to cuck each other out of their coins and fiat.

Exactly! But you said it way better than I ever could

[empowering]

Volume profiles across multiple time frames for some insight into deeper market structure/support and resistance

[bitserve]

Why are we still here? Bitcoin is dead.

[Torque]

...
My hunch is that "manipulation" exists to the extent that it pushes the technicals that are most likely over the edge. E.g. if the indicators say sell-off or rally due, there's some twats paying off mass media and cooking the books to push us over the edge. I don't see them actually shifting anything in a direction that wouldn't naturally be possible. Craig for example always seems to announce his horseshit when a market move is due anyways, and then tries to take credit for that. Anything other than that could (and thus probably would) lead whales to cuck each other out of their coins and fiat.

Exactly! But you said it way better than I ever could

Yep agreed. It's all trading based almost purely on technicals, and all the algo bots react accordingly. But because the market is so thin, the whales can control the technicals to some extent. The market is being shorted and pushed down right now to stay in a bear market, to keep a rally from happening prematurely based on technicals. Until they want it to, again.

Average Joe retail participation has always been extremely low in the Bitcoin market, probably not more that like 5% of the total buying/selling activity. Certainly not even close to what either pushes up the market massively, or sells down the market massively. That's why it is so cringey to me to hear people say things like "People are massively FOMO buying!!" during bull runs, or "People are massively selling!!" during bear markets. No, "people" aren't. Neither price moves have anything to do with the <5% of Average Joes retail participation.... not even close.

 

[Totscha]

Why are we still here? Bitcoin is dead.

Sentimental reasons mainly... Just letting off some steam before we go apply for welfare...

[Totscha]

When Bart? I want my lunch money!

A 30 bar Bart on the daily? That would be nice