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

[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 ??

[El duderino_]

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...

Got your back (btw you should apply for being a source.... would be a good one)

The HAT is something XhomerX is gotta do
If he finds the time for it

[mOgliE]

Btw 1BTC= 4K

Still so F***ing cheap ??

Anything under 10k$ is F***ing cheap as hell like the old one-legged prostitute of St Martin road at Paris  


So was i told.

[Cryptotourist]

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...

I would love to know which part you don't buy?

[HairyMaclairy]

Ironically it’s the longs that are evaporating.  Ratio massively skewed to short side.  More rocket fuel for squeezes.  Very crowded trade.  

[LFC_Bitcoin]

via Imgflip Meme Generator

Btw 1BTC= 4K

Still so F***ing cheap ??

This is definitely me!

Always had a sense of entitlement

[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.

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

Glad I'm not alone in my thoughts. I need a pic before a hat though, and merit does seem to be an uncommon commodity.

Only problem with the orders at the moment though, is that the buy orders aren't really chasing the price, but, the sell orders are not following the price down either. What's more, looking at this price increase, not many new sell orders are being added either. So I really do think the bulls have it at these levels. I'd say that at worst we will now be repeating a 2015 sideways to slightly up market.

[mOgliE]

Ironically it’s the longs that are evaporating.  Ratio massively skewed to short side.  More rocket fuel for squeezes.  Very crowded trade.  

Seems logical, the price surge is unhealthy.

There is a good probability of the price going down again and they want in.

I would go in too, if there wasn't SO MUCH SHORT ALREADY
I think the amount of short is in fact a freaking good news because each short is making the bottom a bit more solid. You can't short if there is no coin to buy... And coins at 3500$ aren't so numerous...

[mOgliE]

All the proof we need that the market is in the phase of this is a suckers rally. I believe it's not and they're about to be rekt.

Even if it was a sucker rally, once everyone thinks so and act accordingly, it becomes a real rally.

All those shorts means bought coins, means solid bottom.
Every time the price will drop, even a bit, closing shorts will make it up.