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

[HI-TEC99]

Why not use full moon cycles instead?

Sounds a bit far-fetched to me.

Although I agree it's far fetched there's a lot of research been put into it.

https://www.tradingview.com/ideas/moonphases/

[1714108087]

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[jbreher]

Hashrate is increasing.

Yes. With the increase in price, marginal miners return to profitability. As it was ordained in the beginning.

[goldkingcoiner]

Why did you have to put that stupid poll up? I am starting to draw circles around my close position button....

Why not use full moon cycles instead?

Sounds a bit far-fetched to me.

Although I agree it's far fetched there's a lot of research been put into it.

https://www.tradingview.com/ideas/moonphases/

Hmm.. Well thanks for telling me about it, I will look further into it.

[HI-TEC99]

Why not use full moon cycles instead?

Sounds a bit far-fetched to me.

Although I agree it's far fetched there's a lot of research been put into it.

https://www.tradingview.com/ideas/moonphases/

Hmm.. Well thanks for telling me about it, I will look further into it.

Don't bet the house on it. I only brought it up for a joke.

[VB1001]

infofront is right, it is a possibility 3000 or 2900 and it goes up.
I hope to see the Toxic2040 graphic
the shorts are increasing

[goldkingcoiner]

Why not use full moon cycles instead?

Sounds a bit far-fetched to me.

Although I agree it's far fetched there's a lot of research been put into it.

https://www.tradingview.com/ideas/moonphases/

Hmm.. Well thanks for telling me about it, I will look further into it.

Don't bet the house on it. I only brought it up for a joke.

Y house gone?

I would not gamble this long on any new strategies I have never tried before. But I am definitely going to experiment with it on smaller positions.

[Hueristic]

24 hour low - $3,472

Current price - $3,763

People are calling bull trap & fresh dump to a new yearly low.
Am I missing something?

Just expecting standard market manipulation.

Yes, it can be interesting to see some of the differences, and to discuss those differences, but still does not mean that the thread willy nilly deviates into references about the prices of BTC on other non-bitstamp exchanges without some reason or context - bitstamp remains an ease of reference here, and seems to be a decent and adequate one, especially since it still is not engaging in margin trading and generally the shenanigans there seem to be relatively low on an ongoing basis (at least so far).

I think Binance is running it's own arb Bot and have noticed this as well for at least the last 3 months.

   Is this a sucker's rally?
Yes    - 24 (60%)
No    - 10 (25%)
I Don't Know    - 6 (15%)
   
Total Voters: 40

I just received news from the future:

Bitcoin is at $1,100,000, and goldkingcoiner has finally decided to close his 80x long position. He's officially the richest man in the world. Bitmex has declared bankruptcy.

0MG this killed me! It could also be the gallon of homeade wine I just swallowed while racking. +1 WO

[El duderino_]

@het cryptohuis.... it amazed me that for the 5minutes that i was inside with my friend.... there was a Guy talking to be cliënt, a Guy entered and buy btc for fiat in the ATM and another Guy entered the shop as well

There is life in BTC and antwerp....

Tiens, where is it in Antwerp?

Sint Katelijne vest..... end of the meir

Going to right an update later

My parents live in Antwerp. Will check it out next time I visit. I'll make sure to bring my dad, he loves daytrading BTC :+) Thanks for the update.

so as i walked in ... and as i was waiting someone came in bought BTC with the ATM as it was a daily thing .... i was happy to see that cause @the moment there are only 4 BTCATM's located in belgium.... the owner said that the last month 50K travelled in and out the ATM.... so not to bad for in belgium

now the owner talked to us and my first question was how can you guarantee that 10% profit each month on the investment?
so it works like transfer money or send BTC, cause he only works in BTC
then he daytrades and guarantee's 10% profit, so if i transfer funds and the month start he trades and makes 50% profit then each client gets 10% profit and the rest is for him the company etc, when the month end with loss or no 10% profit then he pays it from the company out.... i asked him what if i'm a big player and send you a big amount of BTC/fiat ... and your not able to give me mine 10% ? he said i don't accept anyone that i can't cover .... as strange as it is it seems a bit of legit thing right there ....
and if the company goes bad and he's company funds runs dry and can't cover the 10% profit anymore he would send everyone a mail and stop the collaboration with he's clients, every month everybody could make his decisions of staying in or going out, so no long term commitments
whatever i like it in the streets of ANTWERP to see some BTC LOGO's where people can go in and out as they please
don't mind the writing having a wine during the week, i know normal only the weekend or holidays etc, but have an exception

[El duderino_]

Well, it looks like everything is going according to the best scenario. Either this was the final drop (which I don't think so) or worst case we can go for a final capitulation FROM a higher price (ie: $4.5K to $3K) in January-March.

I also go for the second scenario because I suspect we haven't been able to accumulate enough at the bottom. Next time many will be prepared for a stronger faster bounce on huge volume.

This is fine.

In the context of the time frame this is a fairly "V shaped" bounce.  

But that's a bit hopiumy I think...  I think your "B" scenario makes more sense.

When x80 short?

do never say that again !!

[BTCMILLIONAIRE]

Full Disclosure: I voted "No" in the current poll. I'm actually feeling the most excitement I've felt since I was approaching retirement.

This can only mean one thing: We're likely to test $1k, with my track-record  

Short 5-10% in ~1% increments until the reversal then buy back. Worst case the losses are tiny (after re-buy at higher level). Best case you've got 20 to 40% more corn.

I don't see $1k with all the investment banks buying in behind the curtain though. Would take some braindead OTC whales to trade at that price.

Well, it looks like everything is going according to the best scenario. Either this was the final drop (which I don't think so) or worst case we can go for a final capitulation FROM a higher price (ie: $4.5K to $3K) in January-March.

I also go for the second scenario because I suspect we haven't been able to accumulate enough at the bottom. Next time many will be prepared for a stronger faster bounce on huge volume.

This is fine.

In the context of the time frame this is a fairly "V shaped" bounce. 

But that's a bit hopiumy I think...  I think your "B" scenario makes more sense.

When x80 short?

do never say that again !!

100x?

[HI-TEC99]

Why not use full moon cycles instead?

Sounds a bit far-fetched to me.

Although I agree it's far fetched there's a lot of research been put into it.

https://www.tradingview.com/ideas/moonphases/

Hmm.. Well thanks for telling me about it, I will look further into it.

Don't bet the house on it. I only brought it up for a joke.

Y house gone?

I would not gamble this long on any new strategies I have never tried before. But I am definitely going to experiment with it on smaller positions.

Here's a bit about it from cnn.

https://www.ccn.com/bitcoin-price-moon/

[Hueristic]

Full Disclosure: I voted "No" in the current poll. I'm actually feeling the most excitement I've felt since I was approaching retirement.

This can only mean one thing: We're likely to test $1k, with my track-record  

Quick, Open a short!

[marcus_of_augustus]

difficulty estimates crossing above difficulty from below ... the bottom is in. Price has once again gone down and found the true floor to cost of production. Some expensive miners went out of business, some weak hands miners dumped their stashes, some probably hedged forward and are fulfilling contracts at much higher prices. Bottom line is all excess production has now come on the market and been absorbed. Bitcoin's next trick, if it repeats, is the rising prices revives latent demand ... into a tightening supply situation.

Probably some cheap mining kit out there that would make a good buy right now?

[El duderino_]

Full Disclosure: I voted "No" in the current poll. I'm actually feeling the most excitement I've felt since I was approaching retirement.

This can only mean one thing: We're likely to test $1k, with my track-record  

come on BoB never say 1K again

its time to fully enjoy your and partners retirement .... so let the BULL be unleashed and green dildo's crushing our computer screens !!!!

[El duderino_]

100x?

now your testing me brother.....

haha lol

[infofront]

Well, it looks like everything is going according to the best scenario. Either this was the final drop (which I don't think so) or worst case we can go for a final capitulation FROM a higher price (ie: $4.5K to $3K) in January-March.

I also go for the second scenario because I suspect we haven't been able to accumulate enough at the bottom. Next time many will be prepared for a stronger faster bounce on huge volume.

This is fine.

We're still at the bottom. 85% down from ATH. You think peeps who bought at 3200 won't buy at 3900? Laughable. 3900 is still dirt cheap.

Why buy at 3900, when I'll be able to buy at 2900 soon?

Why are you so sure about it? Because some "expert" or some random guy said so?

Partially. Also, I expect volume to drop during the holidays, as usual, which will give the bears an opportunity to resume control.

[bitserve]

infofront is right, it is a possibility 3000 or 2900 and it goes up.
I hope to see the Toxic2040 graphic
the shorts are increasing

Hey, don't dox me!

[El duderino_]

Partially. Also, I expect volume to drop during the holidays, as usual, which will give the bears an opportunity to resume control.

and when to start a bullish run to hit your 8k-ish guess ? 🧐🧐🧐🧐

[Hueristic]

I can't make heads nor tails of this shit.

https://www.cmegroup.com/tools-information/quikstrike/commitment-of-traders-energy.html

https://www.barchart.com/futures/bitcoin

This one at least shows an amount of commuted positions.

https://www.barchart.com/futures/quotes/BTZ18

Code:

Commitment of Traders Positions as of Dec 11, 2018
Details
Commercials - Long / Short
4 (+4)
173 (+20)
Non-Commercials - Long / Short
3,091 (+453)
3,331 (+579)
Dealers / Intermediary - Long / Short
0 (unch)
0 (unch)
Asset / Manager - Long / Short
27 (-7)
256 (+133)
Leveraged Funds - Long / Short
2,905 (+496)
2,699 (+382)
Other Reportables - Long / Short
159 (-36)
545 (+80)

I'll be damned if I know how to interpret any of this shit though. I'd just like to see futures become illegal but since that is where the Oligarchy manipulated the world that isn't going to happen.

[serveria.com]

Well, it looks like everything is going according to the best scenario. Either this was the final drop (which I don't think so) or worst case we can go for a final capitulation FROM a higher price (ie: $4.5K to $3K) in January-March.

I also go for the second scenario because I suspect we haven't been able to accumulate enough at the bottom. Next time many will be prepared for a stronger faster bounce on huge volume.

This is fine.

We're still at the bottom. 85% down from ATH. You think peeps who bought at 3200 won't buy at 3900? Laughable. 3900 is still dirt cheap.

Why buy at 3900, when I'll be able to buy at 2900 soon?

Why are you so sure about it? Because some "expert" or some random guy said so?

Partially. Also, I expect volume to drop during the holidays, as usual, which will give the bears an opportunity to resume control.

Hardly as the weekend pumps have resumed lately...