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

[JayJuanGee]

The price action is quiet.  Uncomfortably so.

The calm before the storm.

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On the daily chart we have had a couple of rejections from the 0.5 fib indicating a strong resistance level. While sentiment has risen lately I still feel that we could see a end of the month sell off that could test the local low of $3.4kish. To add to this, I find that the shape of the cloud going into the second week of February is somewhat disturbing. My take on all of this is that the market is still looking to test lower lows but could be searching for a place to maximize profits.


Cat walks tight rope.
D

Local low of $3.4kish?  How did you determine that?

The low for this cycle was about $3,122 on December 15.  Is that what you meant?  There is not an intermediate local low that has any meaningful significance, is there?

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[jojo69]

About to watch ‘The Big Lebowski’.

This had better be good

It is definitely a "cult classic'.
You are either one of those who get it or not, which is probably determined by a simple mendelian inheritance, lol.
I have friends who are ambivalent, but I dig it and very much so.

I find "the mighty Boosh" to be the same way.  I laugh my ass off but some people are like "huh?".

helps me pick friends

[realr0ach]

If you notice, there are certain kinds of users who do not give out merits, and roach is one of them.  

The merit system serves absolutely no purpose so I do not participate in it.  All it is is people having a contest to see who can say the most outrageously buffoonish bullish statements that have no basis in reality and then people merit you for lying or making up bullshit.  If I typed "bitcoin will be $1 trillion each by tomorrow" in every post I would get merited half the time and become the highest merit holder on the forum.  This is why people like TrollJuanGee and Trollgoossens are the merit leaders of the board.

[bones261]

If you notice, there are certain kinds of users who do not give out merits, and roach is one of them.  

The merit system serves absolutely no purpose so I do not participate in it.  All it is is people having a contest to see who can say the most outrageously buffoonish bullish statements that have no basis in reality and then people merit you for lying or making up bullshit.

May I have the 12 merits that I gave to you back then? Also, according to BPIP.org, you are ranked #223 in most merited out of thousands of people. https://bpip.org/profile.aspx?p=realr0ach

Edit:LOL that's the most merit I ever got for any post. 

[bitcoincidence]

About to watch ‘The Big Lebowski’.

This had better be good

It is definitely a "cult classic'.
You are either one of those who get it or not, which is probably determined by a simple mendelian inheritance, lol.
I have friends who are ambivalent, but I dig it and very much so.

I still remember how it hit me by surprise in a "sneak preview" before the official (german) movie start (which is way too long ago).
I was expecting quite nothing and then this ..BOOM...here comes the dude.
La la la la
La la la la
La la la la
La la la la
I really miss the nineties and that slacker attitude (a reset back to the nineties would also give me the opportunity to work on my bitcoin late-blooming trauma   )
 

[JayJuanGee]

If you notice, there are certain kinds of users who do not give out merits, and roach is one of them.  

The merit system serves absolutely no purpose so I do not participate in it.  All it is is people having a contest to see who can say the most outrageously buffoonish bullish statements that have no basis in reality and then people merit you for lying or making up bullshit.  If I typed "bitcoin will be $1 trillion each by tomorrow" in every post I would get merited half the time and become the highest merit holder on the forum.  This is why people like TrollJuanGee and Trollgoossens are the merit leaders of the board.

Sounds like you are rationalizing not to give out smerits to other forum members.  

As you may recall, you started out with about 100 airdropped merits on January 24, 2018.   Therefore, you received a bit more than 180 merits during the past year, which would have generated you about 90 smerits that you could send to others.  Probably, you had some smerits in your bank already, so currently you have well over 100 smerits in your bank.

The real reason that you do not give out any of your smerits in the past year is that you are selfish and you do not appreciate the forum contributions of anyone except for yourself... which is not healthy.  I am not going to attempt to change you or convince you because you are the one who needs to consider yourself and your ongoing non-appreciation for the contributions to the platform that you have been participating in for at least as long as me (under your current name and then previously under your Roach user name).



Edited to add a response to this roach merit distribution situation

If you notice, there are certain kinds of users who do not give out merits, and roach is one of them.  

The merit system serves absolutely no purpose so I do not participate in it.  All it is is people having a contest to see who can say the most outrageously buffoonish bullish statements that have no basis in reality and then people merit you for lying or making up bullshit.

May I have the 12 merits that I gave to you back then? Also, according to BPIP.org, you are ranked #223 in most merited out of thousands of people. https://bpip.org/profile.aspx?p=realr0ach

Edit:LOL that's the most merit I ever got for any post.  

Ooooooo !!!!!

I spoke too soon.  Roachie poachie is giving out merits.  His fucking perverted merit cherry has been busted.

[bones261]

If you notice, there are certain kinds of users who do not give out merits, and roach is one of them.  

The merit system serves absolutely no purpose so I do not participate in it.  All it is is people having a contest to see who can say the most outrageously buffoonish bullish statements that have no basis in reality and then people merit you for lying or making up bullshit.  If I typed "bitcoin will be $1 trillion each by tomorrow" in every post I would get merited half the time and become the highest merit holder on the forum.  This is why people like TrollJuanGee and Trollgoossens are the merit leaders of the board.

Sounds like you are rationalizing not to give out smerits to other forum members. 

As you may recall, you started out with about 100 airdropped merits on January 24, 2018.   Therefore, you received a bit more than 180 merits during the past year, which would have generated you about 90 smerits that you could send to others.  Probably, you had some smerits in your bank already, so currently you have well over 100 smerits in your bank.

The real reason that you do not give out any of your smerits in the past year is that you are selfish and you do not appreciate the forum contributions of anyone except for yourself... which is not healthy.  I am not going to attempt to change you or convince you because you are the one who needs to consider yourself and your ongoing non-appreciation for the contributions to the platform that you have been participating in for at least as long as me (under your current name and then previously under your Roach user name).

LOL. No longer applies....

[realr0ach]

May I have the 12 merits that I gave to you back then? Also, according to BPIP.org, you are ranked #223 in most merited out of thousands of people. https://bpip.org/profile.aspx?p=realr0ach

Have you ever visited other parts of the forum lately?  There's probably only 200 real people on here and the rest are Indian paid sig spam farmers.  I wouldn't want to sound like a Nazi or anything, but overpopulated 3rd world countries are also a huge roadblock in establishing any type of egalitarian monetary system.  

Any type of egalitarian system at it's base (if it didn't instantly centralize like bitcoin) would just resemble something like an airdrop in practice.  People in high tech Caucasian and Asian countries did not achieve those technologies, architecture, and everything else due to "privilege" or "raycism", they achieved them because a nation is a product of it's demographics and all people are not equal.  In other words, most of these 3rd world countries are slums because that is their pinnacle of possible achievement.

If you 'airdrop' a bunch of wealth on them, money is a zero sum game so you're basically just giving away your own wealth and making yourself their servants.  It's like reverse evolution in other words.  It just doesn't make any sense.  This is one of the many reasons silver will highly outperform gold.  Many of these 3rd world countries have stockpiled gold, while 1st world nations haven't, so there's no longer a reason for entities like the Pilgrim's Society to suppress the price of silver anymore.  If anything, there's now more incentive to suppress gold and let silver rise to catch up to it in ratio unless you think everyone on earth should be slaves to India.

[suchmoon]

I think bones broke roach. This sounds completely wrong:

I wouldn't want to sound like a Nazi or anything

[realr0ach]

This sounds completely wrong

https://dailystormer.name/goyim-upset-that-roe-jogan-is-a-jewish-shill/

[bitserve]

I think bones broke roach. This sounds completely wrong:

I wouldn't want to sound like a Nazi or anything

Maybe he got hacked again lol

The last time "he" started spamming all over the forum shilling for shitcoins and very dubious ICO's.

Now he "doesn't want to sound like a Nazi or anything"....

Someone please throw a silver coin and see if he jumps for it for the ultimate test.

[nutildah]

^
and there is r0ach cohen back

About to watch ‘The Big Lebowski’.

This had better be good

enjoy yourself
you're in for a threat man

just pay much attention to all the lines that are spoken etc

Its one of those films where you can find something new in it every time you watch it. Even after the 6th time I watched it I could say, "Oh, I never noticed that before."

RIP Donny

[bones261]

I think bones broke roach. This sounds completely wrong:

I wouldn't want to sound like a Nazi or anything

R0ach kind of reminds me of my grandmother. (RIP) However, she ended up being a war bride, so I don't think what the Nazi party indoctrinated in her quite took. Although she really didn't care much for the Jews. I remember she got into some kind of verbal altercation with her neighbor who was a war bride from Australia. The neighbor called my grandmother "a Nazi." My grandmother came back by giving the Nazi salute and saying,
"Heil Hitler, you kangaroo."  

[Icygreen]

https://motherboard.vice.com/en_us/article/d3q45v/bittorrent-usage-increases-netflix-streaming-sites
Torrents making a comeback? Not surprised really. I find it fascinating to watch the torrent community as the uncensored precursor to BTC.

Always wondered why people went to streaming sites instead of just downloading content they wanted to see.  Perhaps it has something to do with years of habitually flicking through channels for random entertainment.
Everything moving in exponential cycles. Bullish!

[HairyMaclairy]

You know what's insulting?

Being slightly slow to move the picture slider and being told "You beat 1% of all users"

[Toxic2040]

Local low of $3.4kish?  How did you determine that?

The low for this cycle was about $3,122 on December 15.  Is that what you meant?  There is not an intermediate local low that has any meaningful significance, is there?

By local I mean just that.

Jan. 22nd was a "local" low imho, If I had meant the ATL of last year I would have been more explicit. Regardless of that, both of these data point's are fairly obvious on my chart. I had thought I had you all properly trained by now to my idiosyncrasies and propensity to obfuscate what I am really saying. If you look closely you can see that the area of probability that I have emphasized begins at Jan. 1st and expands outwards from there. The lower line emanating from the ATL of 2018 and connecting to the "local" low of last week highlights what I believe is a rising channel we are currently in even though the price action has been somewhat sideways. Until one of these arbitrary lines is broken my prognostications remain unchanged. I think sometime around the 27th we will see a dip that may or may not puncture below the 0.236 fib and potentially challenge the local low. The first week of coming month should see a rebound and recovery from any such price action and set a course for an area of high uncertainty at the current time. #dyor     

[realr0ach]

https://motherboard.vice.com/en_us/article/d3q45v/bittorrent-usage-increases-netflix-streaming-sites
Torrents making a comeback? Not surprised really. I find it fascinating to watch the torrent community as the uncensored precursor to BTC.

Always wondered why people went to streaming sites instead of just downloading content they wanted to see.  Perhaps it has something to do with years of habitually flicking through channels for random entertainment.
Everything moving in exponential cycles. Bullish!

The article conclusion is wrong.  People aren't pirating more due to fragmentation, they're pirating more because the global economy is imploding and they can't afford buying boxed sets of movies, video games, and giant cable packages.  Piracy is also up in the games industry because there's more half baked shovelware now than ever which makes people associate every game being a waste of money.

[HairyMaclairy]

[Toxic2040]

Interesting. A new era of corporate and sovereign slow data bases is nigh upon us.

https://www.technologyreview.com/s/611656/will-people-ditch-cash-for-cryptocurrency-japan-is-about-to-find-out/

[JayJuanGee]

Local low of $3.4kish?  How did you determine that?

The low for this cycle was about $3,122 on December 15.  Is that what you meant?  There is not an intermediate local low that has any meaningful significance, is there?

By local I mean just that.

Jan. 22nd was a "local" low imho, If I had meant the ATL of last year I would have been more explicit. Regardless of that, both of these data point's are fairly obvious on my chart. I had thought I had you all properly trained by now to my idiosyncrasies and propensity to obfuscate what I am really saying. If you look closely you can see that the area of probability that I have emphasized begins at Jan. 1st and expands outwards from there. The lower line emanating from the ATL of 2018 and connecting to the "local" low of last week highlights what I believe is a rising channel we are currently in even though the price action has been somewhat sideways. Until one of these arbitrary lines is broken my prognostications remain unchanged. I think sometime around the 27th we will see a dip that may or may not puncture below the 0.236 fib and potentially challenge the local low. The first week of coming month should see a rebound and recovery from any such price action and set a course for an area of high uncertainty at the current time. #dyor     

Fair enough to suggest that there might be some greater nuance in the lines than what some others, such as me, might be willing to appreciate.

Personally, I doubt that there is much significance to any price point between here and the low of $3,122 on December 15.   So, yeah, let's see if BTC prices get close to the $3,122 or break below it. 

Furthermore I don't give much significance to being out of our current bear market until, perhaps, BTC prices get back above $6k and stay there.

Of course, if there is some additional passage of time that cause BTC prices to get caught in higher channels than it is now, such as getting caught above $4,100 or $5,100, then I might change my thinking.  So, downwards and $3,122 seems to be the most relevant number at the moment, and any other higher price points, between our current price and $3,122 hardly has any significance.. but go ahead, argue whatever you want and present what you want.