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

[serveria.com]

Just a teeny tiny dip, nothing to see here, move on please...  #HODL

[1714771969]

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[Globb0]

He said, “You should outlaw [crypto assets],” because many have lost savings due to the significant slump in the crypto markets. “I am personally surprised that regulators haven’t stepped in harder.”

Allianz Investors Chief.

Yeah, ban things because people are being stupid. Good bye cars, internet, food, water, life.

OFC an insurance salesman never sold anything dodgy or anything that could never pay out etc. etc.

[HairyMaclairy]

He said, “You should outlaw [crypto assets],” because many have lost savings due to the significant slump in the crypto markets. “I am personally surprised that regulators haven’t stepped in harder.”

Allianz Investors Chief.

Yeah, ban things because people are being stupid. Good bye cars, internet, food, water, life.

OFC an insurance salesman never sold anything dodgy or anything that could never pay out etc. etc.

Allianz and four other insurers, as a result of regulator action, are refunding more than $118m in total to almost 213,000 people who bought add-on products from car dealers.

Allianz has told the banking royal commission its conduct, which was investigated by the Australian Securities and Investments Commission, fell below community standards.

https://www.theguardian.com/australia-news/2018/sep/18/banking-royal-commission-allianz-to-refund-456m-over-junk-insurance-products

[PoolMinor]

Someone tell Peter Brandt that head and shoulders is a reversal indication not continuation pattern.  



https://twitter.com/peterlbrandt/status/1073315241017163776

Correction: Usually a reversal but can indicate a continuing trend.
In general, if you do encounter a H&Sh after a long bear move, then it is not a reverse pattern but a continuation pattern. These are rare but do exist (H&Sh continuation during a bear trend OR Inverted H&Sh during a bull trend are continuation patterns)

This is why one needs to rely on more than a couple of indicators.

[Last of the V8s]

Bitmex offing USians

[RejectedBanana]

I don’t think we will see $6k again before 2020.  

Agreed it's prudent to watch our hopium intake, Hairy, but 2020 seems awfully long for a return to $6k. Granted, we had a nearly 2-year downturn after Mt Gox from 2014-5 with little to no good news, but as far as fundamentals go, 2019 seems ripe for recovery.

What are your assumptions on big ticket items? To name a few expected in the first half of 2019:

Van Eck/CBOE ETF (admittedly low chances)
Bakkt
Fidelity Digital Assets
Nasdaq Futures

Are you thinking these things won't happen or rather they simply won't make much of a speculative difference? Are you weighing your prediction primarily on prior halving cycles? Are you correlating with global stock market expectations?

I worry that speculative interest is becoming a self-fulfilling prophecy of chart analysis and pattern matching. The 2014 overlay to 2018 is eerily similar, yes, but is this simply a case of humans seeking solace in pattern matching?

Meanwhile, the lightning network is exponentially expanding, BCash is conveniently self-immolating, blockchain investment and employment numbers are steadily increasing, etc etc.

Sure, miners seem SOL, nothing new there; but I suspect new miners will find new places to slurp up cheap/stranded power, further decentralizing the network.

[Last of the V8s]

https://www.theverge.com/platform/amp/2018/12/13/18139724/bitcoin-bomb-threat-scam-email-us-police-department-investigation-evacuations
https://www.cnn.com/2018/12/13/us/email-bomb-threats/index.html

someone really wants price down

hey police fuckers - it's prolly that craig wright fucker

[Toxic2040]

That’s how the triangle crumbles

 

----------
Bitcoin

Another retrace of familiar ground for bitcorn today. Bears have pushed the USD price down towards the yearly ATL once again. I think unless we break downwards again sharply below the -0236 fib on the hourly there is not much to see here except to buy those dips. This is also a possible set up for a nice double bottom imho.  #dyor

1h


4h


D

#stronghands2019

[bitserve]

I don't know IF or for how long $3000 will hodl as a hard support but from now it hasn't even been properly tested. So, for the little amounts I trade nowadays (I am mostly ALL in), I will keep reloading near $3000 and selling the bounces. Rinse and repeat.

[jojo69]

and to think I wasn't going to drink today

[PoolMinor]

Simplest answer is always conspiratorial. Why should we rely on fact when we can just search for the latest tin-foil hat argument?
Funny how during drops there are always news stories, yet during rises there are only rumors.

[Raja_MBZ]

https://www.theverge.com/platform/amp/2018/12/13/18139724/bitcoin-bomb-threat-scam-email-us-police-department-investigation-evacuations
https://www.cnn.com/2018/12/13/us/email-bomb-threats/index.html

someone really wants price down

LOL! E-mails like that shouldn't be taken seriously... (until and unless someone actually succeeds in bombing after those threats)

BTW:

US Lawmaker Suggests ‘WallCoin’ Crypto to Fund Trump’s Mexico Border Wall

https://www.coindesk.com/warren-davidson-suggests-crypto-to-fund-mexican-border-wall

[podyx]

img width=250]https://i.kym-cdn.com/entries/icons/facebook/000/022/978/yNlQWRM.jpg[/img]

Simplest answer is always conspiratorial. Why should we rely on fact when we can just search for the latest tin-foil hat argument?
Funny how during drops there are always news stories, yet during rises there are only rumors.

What news are you referring to?

[El duderino_]

What i'd like to happen in a perfect trading world

perfect looks different

[PoolMinor]

img width=250]https://i.kym-cdn.com/entries/icons/facebook/000/022/978/yNlQWRM.jpg[/img]

Simplest answer is always conspiratorial. Why should we rely on fact when we can just search for the latest tin-foil hat argument?
Funny how during drops there are always news stories, yet during rises there are only rumors.

What news are you referring to?

https://bitcointalk.org/index.php?topic=178336.msg48651758#msg48651758

[goldkingcoiner]

Someone tell Peter Brandt that head and shoulders is a reversal indication not continuation pattern.  



https://twitter.com/peterlbrandt/status/1073315241017163776

Wouldn't Inverse HS indicate a reversal during a downtrend? Pullback has not even reached neckline. Looks like a fakeout to me.

[luckygenough56]

What i'd like to happen in a perfect trading world

perfect looks different

lol yeah and we all know that if i buy heavy at 2900, i will sell 90% before 4000

[infofront]

$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.

It really looks like a good opportunity to buy...
But I believe we are going down even further. I will sell some and rebuy. I just can't see my bags growing heavier if we hit 1500-2500...

Hi

I would be interested to know more.  Can you tell us whether you have sold some previously since the peak, and your thinking?

From a sentiment standpoint, I don't think there's been enough blood.

[HairyMaclairy]

I don’t think we will see $6k again before 2020.  

Agreed it's prudent to watch our hopium intake, Hairy, but 2020 seems awfully long for a return to $6k. Granted, we had a nearly 2-year downturn after Mt Gox from 2014-5 with little to no good news, but as far as fundamentals go, 2019 seems ripe for recovery.

What are your assumptions on big ticket items? To name a few expected in the first half of 2019:

Van Eck/CBOE ETF (admittedly low chances)
Bakkt
Fidelity Digital Assets
Nasdaq Futures

Are you thinking these things won't happen or rather they simply won't make much of a speculative difference? Are you weighing your prediction primarily on prior halving cycles? Are you correlating with global stock market expectations?

I worry that speculative interest is becoming a self-fulfilling prophecy of chart analysis and pattern matching. The 2014 overlay to 2018 is eerily similar, yes, but is this simply a case of humans seeking solace in pattern matching?

Meanwhile, the lightning network is exponentially expanding, BCash is conveniently self-immolating, blockchain investment and employment numbers are steadily increasing, etc etc.

Sure, miners seem SOL, nothing new there; but I suspect new miners will find new places to slurp up cheap/stranded power, further decentralizing the network.

Thank you for your thoughtful post.  I will respond a bit later when I can give it the attention it deserves.

Mick I can't find the article anymore so will also respond.

[El duderino_]

What i'd like to happen in a perfect trading world

perfect looks different

lol yeah and we all know that if i buy heavy at 2900, i will sell 90% before 4000

why do such a thing

if you wanna sell and secure something i guess or so .....BUT 90% ?