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

[LFC_Bitcoin]

$4,101

Which fucking idiot sold at the bottom?

[1714057311]

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[1714057311]

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[1714057311]

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[becoin]

Interested to see where this goes. It has been a while since we've had 6 consecutive green candles on the daily.

Next resistance is at 4.2k, probaly gonna go up a bit more

Funny how sentiment can change so quickly 

My sentiment had never changed.

[mOgliE]

$4,101

Which fucking idiot sold at the bottom?

Think it's a bit early to talk about bottom, that might be just a bounce 

Anyway I'm really happy I stopped everything a few weeks ago. So much better to just wake up and see "oh price increased, I'm a bit richer cool" than the stress of trading.

Holding is much more simple than trading IMO.

[realr0ach]

It was a no brainer the yellow Jews would attempt to rig the price above their cost of production.  The only question is if they can find any dumbasses to buy at their newly rigged price or not, besides the shorters that were just covering that is.  Can't believe people are dumb enough to short this market and stay there with a lopsided short/long ratio when it's so stupidly obvious the price is controlled by a single entity through fraud operating on Bitfinex who is always going to squeeze them.

[toknormal]

It was a no brainer...rig the price

Bitfinex print "free moneh".
FED prints "free moneh".
ECB prints "free moneh".
PBOC prints "free moneh".
BOJ prints "free moneh".

The only "moneh" that isn't be free be "bitcoin moneh". So the price will always be goin up.

[jojo69]

wowwwwww

[El duderino_]

I suspect she had a low amount of bitcoin’s & was bitter about selling way too early (back in the day). She constantly said there’d be dumps.

If you throw enough shit at a wall eventually some of it will stick.

She retired so she must have done alright - at least on face value. 

could the PUMP al be cause HM's 888 merit count ?
chinese luck and shit .....

where are we going HM?



After that bearish daily candle yesterday I thought we would have a pullback today. But we pumped higher on  huge volume. Shorts were piling  up and they got squeezed. If we  can have a daily close above the 3972 level I expect more upside

This level is the bottom of a bearish daily block. Midrange of a 3 day block and also midrange of monthly bullish block that got broken. So level with a lot of confluence. It would be bullish if we can close above.

But still we have to zoom out, this is the first meaningful pump/bounce we had since falling off a cliff from 6k. Markets don't move in straight lines. We still have to make our first higher high on the daily.
Therefore we need to close above 4.4k, until that happens the trend is still bearish. I dont expect us to break 4.4k without first making a higher low in the 3.6k area. If that higher low fails we will see new lows

[El duderino_]

I suspect she had a low amount of bitcoin’s & was bitter about selling way too early (back in the day). She constantly said there’d be dumps.

If you throw enough shit at a wall eventually some of it will stick.

She retired so she must have done alright - at least on face value.  

Why do people keep refering to TERA as 'she'? There is zero reason to do that.  If I recall correctly one guy randomnly started doing that (BJA?), and everybody started copying him.
From the writing style I suspect TERA is male (although of course I can't be sure).

Also, holy crap that is one big green candle.

i thought it was JJG that called it a her with that deborah thing ..... maybe i'm wrong don't know for sure anymore

[El duderino_]

And we are there
Safe to bull out of my bed and start the morning

Good f***ing morning WO’s

I was on the road at 5am today, collecting a load of stock from Royal Mail. Got home & fell asleep on the sofa. Just woke up to 4k.

Keep going bitcoin, keep going.

i was up much to late for a week day BUT also woke up just in front of that 4K

its just so nice the first number to rise up

[El duderino_]

Break 4.6k and i will turn believer mode again 

[El duderino_]

And we are there
Safe to bull out of my bed and start the morning

Good f***ing morning WO’s

Good morning bullgoose.   

Goodnight.


#stronghands2019

a shift switch

goodnight a go into your HODLrest

[El duderino_]

Next resistance is at 4.2k, probaly gonna go up a bit more

Gonna go up a lot more!

always like your bullish posts

and let it go UP

[El duderino_]

$4,101

Which fucking idiot sold at the bottom?

i did man i was pussying out


absolutelyf***ing nooooooooooooooooot

[Majormax]

But still we have to zoom out, this is the first meaningful pump/bounce we had since falling off a cliff from 6k. Markets don't move in straight lines. We still have to make our first higher high on the daily.
Therefore we need to close above 4.4k, until that happens the trend is still bearish. I dont expect us to break 4.4k without first making a higher low in the 3.6k area. If that higher low fails we will see new lows

Absolutely :  The most important level is not where this pump goes, but where the next low meets support.

A high above 5k is quite possible, because the drop from 6.4k was steep. Key support should be tested in Jan/Feb. If 3.5k or higher holds, that is positive.

Longer term trend is strongly down, but hopefully that will look more level in a few months.

[Lambie Slayer]

If correct we should keep rising, slowly at first, but gaining speed and volume on the way out and see 6k  around Jan 12 2019. The cautious bull herd seems to be taking for granted they will get a nice long year to accumulate cheap coins like 2015 and then they can all be millionaires since they neglected to do this 4 years ago during the last great crypto winter, I dont think this will happen at all. Only 21 million(ok like 17 million) coins and its pretty pie in the sky for everyone to think they are gonna get 12 months of bargain basement prices where they can just casually collect coins for peanuts while fundamentals grow stronger by the day.

Ideal scenario (gently and slowly light up your hopium pipes for this one and take a big inhale)........

after regaining 6k in mid January, Bakt would then usher in another mini bubble to 40k followed by a quick and mild bear season testing 10k again, all before the next halving where the march to 250k starts

Ive been as bearish as the next guy. However, we should be given pause by the fact that everyone and his shoeshine boy are 100% certain that we're heading to $1,500-$2,500 and will endure 12+ months of crypto winter.

I don't see a long, lull in the market either. Prices are very low already and why should we be so lucky to accumulate cheap coins for 12+ months? Call me crazy, but I see the possibility for a double bubble still occurring in 2019.

You mean first bubble is 6k$ and second 40k$?

Something similar like 2013, where we had a run up from $10 to $250 in the spring and then another run up to $1150 at the end of 2013. The first bubble was to $20k and then we bubble again in 2019.

Yes, this is the type of vision shown to me after long hours smoking my hopium pipe and doing the hodl chant in Diné Bizaad while my family panhandled for their supper as Jimbo let the market crash. Everyone hoping for another cookie cutter 12 month crypto winter promised to them by the Tone Vays of the world, that will afford them ample time to lazily scoop up coins granting them millions of dollars in future gains and thinking time is on their side, then after the price smashes through 6, 7, and then 10k, they realize they have been lazy and greedy fools and they fomo in like their lives depend on it. All the money they had planned on investing over the 12 month period they wire to the exchanges in the early spring as the fomo grips their very souls. This jump starts the run to 40k by Christmas 2019 or maybe Feb. 2020 (perhaps a lot more if institutions fomo). Then the crash to 10k happens quickly and we find ourselves in the interesting situation of a mini bear market that is crashing and bottoming into the thehalvening.com in May 2020.

https://www.youtube.com/watch?v=Ztf2atl3MIk Here you can see one of my tribe do the hodl chant in 2008. He knew of the coming of Bitcoin but back then we thought he was mad. You will clearly hear the word hodl at least a dozen times.

[Totscha]

This cat sure is made out of some bouncy stuff

[somac.]

Well, very nice to see this rally. However, even if this is a suckers rally, that low 3000 area looks fucking solid. I've stated on here before that Bitstamp's order book is a strong indicator telling us where the bottom is. Why I think this, is because Bitstamp is what seems to be an honest market and has no margin or shorting. When the price was at 3200 you needed about 2800 btc to be sold to take the price down to the 3000 level, but, if 2800 btc were bought the price would go to 4400.

At the 6000 level the order book was actually balanced between the buys and sells, hence it could break down with relative ease, in comparison to the 3000 level. There is massive buy support at the 3000 level and very little selling support. It's simple, not only is 3000 considered a good level to buy, we also get twice as many btc for the same amount of fiat compared to the 6000 level. And the sellers obviously don't want to sell at that level because what's the point, they have already lost over 80% from the highs, might as well just leave it to be lost, or hope that btc repeats it's historical patterns and booms again in a few years.

[Last of the V8s]

Well, very nice to see this rally. However, even if this is a suckers rally, that low 3000 area looks fucking solid. I've stated on here before that Bitstamp's order book is a strong indicator telling us where the bottom is. Why I think this, is because Bitstamp is what seems to be an honest market and has no margin or shorting. When the price was at 3200 you needed about 2800 btc to be sold to take the price down to the 3000 level, but, if 2800 btc were bought the price would go to 4400.

At the 6000 level the order book was actually balanced between the buys and sells, hence it could break down with relative ease, in comparison to the 3000 level. There is massive buy support at the 3000 level and very little selling support. It's simple, not only is 3000 considered a good level to buy, we also get twice as many btc for the same amount of fiat compared to the 6000 level. And the sellers obviously don't want to sell at that level because what's the point, they have already lost over 80% from the highs, might as well just leave it to be lost, or hope that btc repeats it's historical patterns and booms again in a few years.

Nice; I buy most of your theory, and think your post deserves merit and a hat, neither of which are in my remit...

[xhomerx10]

Well, very nice to see this rally. However, even if this is a suckers rally, that low 3000 area looks fucking solid. I've stated on here before that Bitstamp's order book is a strong indicator telling us where the bottom is. Why I think this, is because Bitstamp is what seems to be an honest market and has no margin or shorting. When the price was at 3200 you needed about 2800 btc to be sold to take the price down to the 3000 level, but, if 2800 btc were bought the price would go to 4400.

At the 6000 level the order book was actually balanced between the buys and sells, hence it could break down with relative ease, in comparison to the 3000 level. There is massive buy support at the 3000 level and very little selling support. It's simple, not only is 3000 considered a good level to buy, we also get twice as many btc for the same amount of fiat compared to the 6000 level. And the sellers obviously don't want to sell at that level because what's the point, they have already lost over 80% from the highs, might as well just leave it to be lost, or hope that btc repeats it's historical patterns and booms again in a few years.

Nice; I buy most of your theory, and think your post deserves merit and a hat, neither of which are in my remit...

 My ears eyes are burning and my palms are itching.

edit: and that was my last sMerit.

[El duderino_]

via Imgflip Meme Generator

Btw 1BTC= 4K

Still so F***ing cheap ??