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

[serveria.com]

Second attempt to breach 3500

[El duderino_]

This grey bearish orderblock is the key level
If price rejects the midrange (yellow line)
we go down
If price is able to break the yellow line and retests it as support we have a trend change and I will flip bullish
But I remain bearish until that happens
We have a lot of broken support that now acts as resistance
So a lot of buying pressure is needed
Blue line is the weekly open

[LFC_Bitcoin]

Major News: No single entity holds a large part of ETC token supply; a major characteristic of decentralization and token distribution
ICYMI: Now View Top Addresses Holding Highest Amount of Ethereum Classic ETC
https://www.crypto-news.in/news/now-can-see-wallet-addresses-holding-highest-amount-ethereum-classic/amp/?

Should probably post this in the Altcoin section bro!

[serveria.com]

3500 didn't hold for too long - rally continues to 3600? Wee!

[bitserve]

Major News: No single entity holds a large part of ETC token supply; a major characteristic of decentralization and token distribution
ICYMI: Now View Top Addresses Holding Highest Amount of Ethereum Classic ETC
https://www.crypto-news.in/news/now-can-see-wallet-addresses-holding-highest-amount-ethereum-classic/amp/?

Dude, I have LOADS of ETC... and don't come here shilling for it.

And that "news" about the Top addresses is just nonsense. Yes, it is way more distributed than Ethereum since many of early investors sold their ETC fork coins. But that is nothing news nor the distribution of the top holding addresses is that much relevant.

If you want to shill at least focus on the main advantage of ETC over ETH: It's way cheaper and does the same function. That's all.

Oh, and immutability and "code is law".

Neither ETH nor ETC were intended as a store of value.

[Paashaas]

Blockstream satellites now supports Lightning payments and expanding to Asia-Pacific area.  

https://www.coindesk.com/blockstream-boosts-bitcoin-satellite-service-with-lightning-payments

https://www.forbes.com/sites/michaeldelcastillo/2018/12/17/who-needs-verizon-blockstream-broadcasts-entire-bitcoin-blockchain-from-space/?ss=crypto-blockchain&utm_source=TWITTER&utm_medium=social&utm_content=2016400873&utm_campaign=sprinklrForbesCrypto#55236a295a80

[Hueristic]

Nice to wake up to.
Damn I said that wrong!

[starmman]

3500 didn't hold for too long - rally continues to 3600? Wee!

Good to see a few green candlesticks again =)

[jojo69]

"major news"

[LFC_Bitcoin]

"major news"

Care to elaborate or trolling?

[ivomm]

https://bitcoinexchangeguide.com/jay-clayton-optimistic-about-blockchain-and-cryptocurrencies-emerging-investment-landscape/
"Jay Clayton seems very optimistic about the future of the cryptocurrency space. During a testimony that he gave to the United States Senate Committee on Banking, Housing and Urban Development, Mr. Clayton, the chairman of the U.S. Securities and Exchange Commission, said that blockchain and virtual currencies will facilitate capital formation. During the hearing, he emphasized his optimism about the development of distributed ledger technology (DLT). According to what he said, blockchain will be providing new investment opportunities for traditional investors, including institutions."
 
 

[jojo69]

"major news"

Care to elaborate or trolling?

https://bitcointalk.org/index.php?topic=178336.msg48726375#msg48726375

should I have added the rolleyes?

[BTCMILLIONAIRE]

Blockstream satellites now supports Lightning payments and expanding to Asia-Pacific area.  

https://www.coindesk.com/blockstream-boosts-bitcoin-satellite-service-with-lightning-payments

https://www.forbes.com/sites/michaeldelcastillo/2018/12/17/who-needs-verizon-blockstream-broadcasts-entire-bitcoin-blockchain-from-space/?ss=crypto-blockchain&utm_source=TWITTER&utm_medium=social&utm_content=2016400873&utm_campaign=sprinklrForbesCrypto#55236a295a80

The nerd in me just creamed his pants.

[BTCMILLIONAIRE]

"major news"

Care to elaborate or trolling?

Technicals got pushed over the edge and we're going up (I'm still not really buying it though). Whales and MSM will be claiming major news. Just like they claimed major doom for the past year. If not now, then soon.

[ChinkyEyes]

Bloomberg Crypto debate

https://twitter.com/crypto/status/1074694186060922880

[Last of the V8s]

Blockstream satellites now supports Lightning payments and expanding to Asia-Pacific area.  

https://www.coindesk.com/blockstream-boosts-bitcoin-satellite-service-with-lightning-payments

https://www.forbes.com/sites/michaeldelcastillo/2018/12/17/who-needs-verizon-blockstream-broadcasts-entire-bitcoin-blockchain-from-space/?ss=crypto-blockchain&utm_source=TWITTER&utm_medium=social&utm_content=2016400873&utm_campaign=sprinklrForbesCrypto#55236a295a80

The nerd in me just creamed his pants.

How can he be in you if he's wearing pants?

[cAPSLOCK]

Blockstream satellites now supports Lightning payments and expanding to Asia-Pacific area.  

https://www.coindesk.com/blockstream-boosts-bitcoin-satellite-service-with-lightning-payments

https://www.forbes.com/sites/michaeldelcastillo/2018/12/17/who-needs-verizon-blockstream-broadcasts-entire-bitcoin-blockchain-from-space/?ss=crypto-blockchain&utm_source=TWITTER&utm_medium=social&utm_content=2016400873&utm_campaign=sprinklrForbesCrypto#55236a295a80

The nerd in me just creamed his pants.

How can he be in you if he's wearing pants?

This just made me miss the Mayor...

[Paashaas]

Had a great laugh when i saw this head-line in Dutch media  

''Bitcoin is good as dead''.

[Toxic2040]

Hey nerds, Bitcoin is pretty much dead. Because some teen crypto kiddie says so.

https://www.marketwatch.com/story/bitcoin-is-pretty-much-dead-says-teenage-crypto-phenom-2018-12-14?siteid=yhoof2&yptr=yahoo

I love how MarketWatch is now interviewing 13 year olds for their investing advice. Keeping it classy and professional there, MW? Mmm hmm. I've got a 7 year old niece they should interview next.

   I hate the way the story is sold where this kid buys Bitcoin with a $1000 gift from his grandma and it made him rich because...

-snip-

 Oh yeah I forgot about the bet he made with his parents about going to college... if you can believe the stories. He had a GPA of 2.1 (yeah right) - who gets into college with that kind of GPA other than top tier athletes and kids with rich alumni parents?  His story seems mostly contrived.

I can see this turning into a cluster rapidly. Read: Lawyers

I wonder how and where he purchased he's coins. Being only 12 or so at the time of purchase...can that be legal? I do as many probably and skip over the TOS for using a exchange but you would think they would have a legal age clause or some such.

This time looks real? Any idea what happened? BAKKT effect?

Occam's Razor. Or, my personal favorite. Charlie Lee is buying back into ltc to give everyone a nice xmas.

It means Toxic2040 is Huck Finn irl  

Winter Coho run is just beginning.  

[img -snip- img]http://This grey bearish orderblock is the key level
If price rejects the midrange (yellow line)
we go down
If price is able to break the yellow line and retests it as support we have a trend change and I will flip bullish
But I remain bearish until that happens
We have a lot of broken support that now acts as resistance
So a lot of buying pressure is needed
Blue line is the weekly open

The Goose throwing down some charts. Bullish.

+1 WOsMerit

Blockstream satellites now supports Lightning payments and expanding to Asia-Pacific area.  

https://www.coindesk.com/blockstream-boosts-bitcoin-satellite-service-with-lightning-payments

https://www.forbes.com/sites/michaeldelcastillo/2018/12/17/who-needs-verizon-blockstream-broadcasts-entire-bitcoin-blockchain-from-space/?ss=crypto-blockchain&utm_source=TWITTER&utm_medium=social&utm_content=2016400873&utm_campaign=sprinklrForbesCrypto#55236a295a80

Orbital nodes would be interesting. Also..LEO seems ideal for mining operations. Unlimited solar power and heat dissipation. Not to mention chip performance operating at low temps.


--------------

What do you guy's think about this chart? Ill take some guesses and speculation on it and then explain its meaning and possible correlation if interested. A clue..spikes at the 8-10 year and 12 and 14 areas.




p.s. Broke thru resistance at $3.45k and looking for support.

[Totscha]

3500 didn't hold for too long - rally continues to 3600? Wee!

Protip: Using anything other than Bitstamp price is not going to win you any merits