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

[wayna]

Price is stagnating now... you guys see still a downtrend but we are approaching the end of the year.

Difficult to predict but I sniff a pump before the 31th December.

[El duderino_]

Get better soon micg. sleep tight. hodl tight

the HODL was tight the sleep was good, being sick remained. another pre X-mass 3k day it is 

[dandannn]

another day of doom and gloom, sideways action whilst we wait for more capitulation. On a brighter note, i now have a hat!

[El duderino_]

^ Anyways it would be a short term W if anything. The reality is that no one knows if the price is going to try to break $3000, or bounce to $5000 or both things in sequential order.... No fucking one!

The price might stay flat until Christmas while everyone is guessing which way it will go.

Whales like to dump on holidays.  Christmas unlikely to be pretty.  

yeah but would they still like to DUMP a only 3k-ish worth BTC? knowing they gonna get bought by many different new HODLERS ?

[El duderino_]

There is a theme being propagated on interwebs that bitcoin will never be able to get from under negative price pressure from CME/CBOE futures (which are cash-settled). Apparently, it happened multiple times before with other commodities.

Q to WO crowd: do you think that bitcoin does (or doesn't) have some futures fighting mitigation strategy?

(snip)

I would prefer to think about how we can use intrinsic bitcoin properties to fight CME/CBOE pushing us down (in price).

The question also deserves a (WO)sMerit.

the i'll send 1 in your behalf

[LFC_Bitcoin]

Price is stagnating now... you guys see still a downtrend but we are approaching the end of the year.

Difficult to predict but I sniff a pump before the 31th December.

Let’s hope so, I see more sideways with a potential for slightly lower. I think we’ll rally to over $5,000 by the end of February though.

Regardless of small price movements (and that’s what they are atm imo) ......BTFD!

[El duderino_]

Price is stagnating now... you guys see still a downtrend but we are approaching the end of the year.

Difficult to predict but I sniff a pump before the 31th December.

Let’s hope so, I see more sideways with a potential for slightly lower. I think we’ll rally to over $5,000 by the end of February though.

Regardless of small price movements (and that’s what they are atm imo) ......BTFD!

thought your range was more in this direction :6245    LFC_Bitcoin

it would be better

[El duderino_]

Truth as life itself.

when low

8K: "Will buy at $6K"
$6K: "Will buy at $3K"
$3K: "Will buy at $1.5K"

when up

$6K: "Will buy at $3K"
$8K: "Will buy at $6K"
$14K: "Will buy at $8K"
$20K: "Will buy at $14K"
 

This is so true LOL!!!

 When moon

https://i.imgur.com/DDzMMqt.jpg

avatar-sized

doesn't that wilhelm needs a HAT ?

[El duderino_]

another day of doom and gloom, sideways action whilst we wait for more capitulation. On a brighter note, i now have a hat!

good i'll put it with the others..... didn't know it was for someone @first....
but its a cool one but "that's just XhomerX's brand"

[LFC_Bitcoin]

Price is stagnating now... you guys see still a downtrend but we are approaching the end of the year.

Difficult to predict but I sniff a pump before the 31th December.

Let’s hope so, I see more sideways with a potential for slightly lower. I think we’ll rally to over $5,000 by the end of February though.

Regardless of small price movements (and that’s what they are atm imo) ......BTFD!

thought your range was more in this direction :6245    LFC_Bitcoin

it would be better

$6245 is over $5000

I think we’ll start to move upwards in Feb regardless of BAKKT, even if they delay again.

These prices are literally ‘cheap coin’.
Like Hairy said, this is a once in a lifetime opportunity, I am buying more but I just wish I had a lot more fiat.

[wayna]

Price is stagnating now... you guys see still a downtrend but we are approaching the end of the year.

Difficult to predict but I sniff a pump before the 31th December.

Let’s hope so, I see more sideways with a potential for slightly lower. I think we’ll rally to over $5,000 by the end of February though.

Regardless of small price movements (and that’s what they are atm imo) ......BTFD!

Yeah, the last consistent crash was on 6 Dec. Perhaps it will stagnate for another week and then something will happen.

Let's also consider some alt prices are very low, if BTC will crash again they could worth a penny, which would be ok for a consequent and fast bull run though.

[El duderino_]

looking forward this weekend hope i'll be better to enjoy it fully  

but F*** did i plan my flights the worst as possible ......

[ivomm]

This morning I got news that I will get some small inheritance about 0.5BTC Can't wait to get it done and secure the coins in my HW. Let the n00bs continue the shorts play. They will all get rekt soon. Shorts are close to a pannic attack. Each time some big buyer appears, they put a warning sell wall of 1000 bitcoins in BFX. So pathetic! It seems that the price is close to their margin call and if it jumps then they have to buy at least 60K bitcoins. Of course, they will come here and post FUD about going down so that average Joe doesn't buy now. In this way they hope to buy for a long time at this price and avoid the short squeeze. However, they can't suppress the price long enough (not enough sell offers currently) and especially they are afraid of the incoming approval of CFTC for bakkt. It will probably come out in the next few days. Trust me, shorts have red eyes googling each 5 mins for the bakkt news while watching the price! n00bs!  

[El duderino_]

There is an excellent article which I read which explains why odds are stacked against shorts in the long run.  Shorting is always a short term play.  I am going to try to find it.  

hope you can find it, like to read it

[Phil_S]

Speaking of... my favorite 24-hour average and two parallel lines:

Two random parallel lines? Or is there a reason why certain price extremes were disregarded while others were not?

Older stuff (more than 11 months) disregarded. Last 11 months fit inside, between the lines.

[El duderino_]

in belgium this was on the news few times during the day.... about that "cryptohuis" first real shop in belgium where you can go to let the guys buy and manage crypto or something (doesn't look to bad already put it in here before)
but news on TV is news
hope i have some time next week to check it out there

curious what they will try to sell me

[kurious]

Hmm...  To me, it looks like (but for the last few weeks) it was a triangle.

A triangle we fell out of the bottom of.

But hey, what do I know?

[Phil_S]

Triangle is old news. The question is: where we're now?

[Totscha]

Triangle is old news. The question is: where we're now?

I'll tell you in six months

[Majormax]

The way I see it, a retail investor or institutional money would likely choose the real thing (settled in kind) over paper stuff that eventually goes bust. Ease of physical delivery is the winning property.

Sadly as it stands I think it's the opposite.

They're used to paper.  Everything they do is built around it. The futures are provided by names they trust, unlike the physical options. Like most people here they're only after more dollars but at least they're happy to admit it.

They'll have to be dragged into thinking physical is to their benefit. It's alien to how they operate.

There would need to be an army of non traditional finance believers and players to take command of the price via physical options for them to pay attention.

Is that not the same for BTC ?

Most ppl are after more dollars.  When the $$ price of BTC falls it is bad news for them. They are treating BTC like a stock/commodity, and most have an intention to sell (usually only a portion) for fiat.

That makes a lot of intended sales hanging over the market. This could be a very long bear market. I would guess the price needs to get low enough so that every potential seller has actually sold (fear) or is going to hodl (to 0 if needed) because the value of their holding is not enough to be worried about.

Simple Trading Psychology.