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

[Toxic2040]

Red mallet above resistance on the 45 minute chart. I mention this because I have been seeing a trend of movement's on non-standardized time frames. Something to keep in mind when doing your TA's. I find checking other time frames besides the one, four and daily is prudent.

45m


Combo pack of fibs and downward resistance lines. #dyor

D

#stronghands'19

[jojo69]

Define irony..

oh, was I being dense?

oops

[wavessurfing]

present time is open to attacks or feared attacks.

ETH fork constantinople is postponed.

https://www.coindesk.com/ethereums-constantinople-upgrade-faces-delay-due-to-security-vulnerability

[Hueristic]

ETH's "valid use case" today is it's facilitation of scams (including ICOs), so whether we like it or not, ETH has a "valid" (even though scam dependent) "today use case," no?

Sorry but no. To facilitate scams is not a value-add purpose for existing. That's total bullshit.

Unfortunately there are alot of scumbags that find value in a sca coin and therefore give the shitcoin ETH chain actual value. But it is crumbling under it's own weight so it will be fun to watch it grind to a halt and see all those tokens continue off a cliff. The ICO train has already slowed to a crawl, which is nice to finally see.

But just because we don't feel it has value does not mean it doesn't to others even if their use case is being a thief. It's pretty much the same use case as a brick and mortor financial institution, only they can always continue expanding.

[Hueristic]

ETH fork delayed due to a security flaw found by an external team

eth dev chatroom

https://twitter.com/coindesk/status/1085270367600558080?s=19

https://twitter.com/TheBlock__/status/1085268712297558022

https://www.youtube.com/watch?v=8xDIDvlH2jg

[Hueristic]

^
breaking news: tomorrow is wednesday

Fuck you are right! I don't even know what day I live in.

Thx!

My GF use to remind me those things, but she's on travel.

Right there with you, a few months ago I thought Thursday night football was on when it was Monday night. Everyone found that amusing but I was a bit disturbed that I was that far off.


Need bumper stickers that says "KYC Coolered Crypto!"

[Phil_S]

24-hour average.

1 year between those parallel lines.



I wonder when we'll finally break the top line... April? May?

[bitebits]

Worthwhile tweet storm:



https://twitter.com/danheld/status/1084848063947071488

Thanks for sharing, indeed a worthwhile tweet storm. Seen some of the quotes before, but interesting when all put together.

[HairyMaclairy]

I wonder when we'll finally break the top line... April? May?

June 2019 is as good a guess as any

[Dogboy714]

I wonder when we'll finally break the top line... April? May?

June 2019 is as good a guess as any

Agreed - and it's gonna be pretty low by then.

[HairyMaclairy]

I wonder when we'll finally break the top line... April? May?

June 2019 is as good a guess as any

Agreed - and it's gonna be pretty low by then.

Yeah well the idea is the price gets trapped between the 200 Weekly MA (purple line) and the downtrend.  It is left with nowhere to go so gets forced up and breaks the downtrend.  But the price is still around the same level as it is today - it just tracks sideway in a range of $3250 - $4,000.

[Lauda]

present time is open to attacks or feared attacks.

ETH fork constantinople is postponed.

https://www.coindesk.com/ethereums-constantinople-upgrade-faces-delay-due-to-security-vulnerability

Incompetent children rushing i.e. forcing a fork. #Decentralized smart contracts.

Thanks for sharing, indeed a worthwhile tweet storm. Seen some of the quotes before, but interesting when all put together.

Whenever someone uses Satoshi's Vision as a counter argument you can automatically assume that they've lost. This is science, not a religion. The tweet storm was nicely written.

[PoolMinor]

I wonder when we'll finally break the top line... April? May?

I posit August.

March-ish will be the bottom. As stated previously here. https://bitcointalk.org/index.php?topic=178336.msg48084368#msg48084368

Edit:
Since people like pictures to tell the story.

[kenzawak]

~

Congrats on ranking up ! 

[Millionero]

24-hour average.

1 year between those parallel lines.



I wonder when we'll finally break the top line... April? May?

before the top line intersects this line:
xbt price = 10^(.096237*sqrt(days since Sept 22 2010) - 1.6295)

[kenzawak]

Still in Hong Kong, I gotta say I'm a bit disappointed. I couldn't find any place that accepts BTC as payment.
Yes there are ATMs but you really have to look hard for them. Hong Kong is definitely not a Bitcoin paradise... yet.

Anyway, today I found 2+1 of those machines. Why 2+1 ? You'll see in the last pics.

I went near the famous Victoria's Peak.

In a small shopping arcade on Tit Shu St.
This is the first time I see someone other than me using one of those ATMs here.

That's not me !




Pretty cool

[kenzawak]

This is Zenon Cafe on Wellington St.



Sh... bad pic sorry.

[kenzawak]

The last ATM was at Garden Meow, another cafe.
And there I saw something unexpected.

[Wekkel]

I love your 'feet on the ground' exploration of the Hong Kong BTC scene.

In respect of the Lightning Network I stumbled on this article:  https://www.theblockcrypto.com/2019/01/15/the-growth-of-the-lightning-network-has-been-remarkable-but-theres-a-catch/

Conclusion: a bit of centralisation going on in terms of network capacity, but the area is still young 

[Cassius]

Yeah well the idea is the price gets trapped between the 200 Weekly MA (purple line) and the downtrend.  It is left with nowhere to go so gets forced up and breaks the downtrend.  But the price is still around the same level as it is today - it just tracks sideway in a range of $3250 - $4,000.

This is the scenario I see as most likely. But I won't rule out a final capitulation event, crashing below 200 WMA and coming back above it in short order.
It would feel weird to end a cycle without that. Kind of like watching a film with a deeply unsatisfactory ending like The Birds or Contact.