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

[infofront]

You can only sell your gold and your silver to very few people because nobody is able to determine if it's real silver or gold.

Gold is very liquid in Thailand. There are gold shops everywhere that will easily buy and sell jewelry.

I hear the women with extra bits and bobs settle for Bitcoin Cash®.

[Toxic2040]

I have to admit to being pretty paranoid at times yet I cling to the fact that you are only that if they are not out to get you. With that preface, I have often wondered at the recommendations that seem to pop up now and again on google news or my youtube feed referencing conversations I have recently had. For example, last night I was jamming with my brother in law and we ended up talking about a voice box like Frampton uses in the classic "Do you feel like we do". I mentioned that the only other artist I could remember off hand was Joe Walsh and Rocky Mountain Way and low and behold..today in my youtube list there it was. Our phones where in the other room sitting on the kitchen table I will add..eerie I have to say.

Today I saw this article about the facetime app on iphones. Its like they dont even care if you know or not that they are monitoring and stealing your data 24/7.  fml
https://www.cnbc.com/2019/01/28/apple-facetime-bug-lets-you-listen-even-if-someone-doesnt-answer.html

[empowering]

How is it going batfans?

[Biodom]

I have to admit to being pretty paranoid at times yet I cling to the fact that you are only that if they are not out to get you. With that preface, I have often wondered at the recommendations that seem to pop up now and again on google news or my youtube feed referencing conversations I have recently had. For example, last night I was jamming with my brother in law and we ended up talking about a voice box like Frampton uses in the classic "Do you feel like we do". I mentioned that the only other artist I could remember off hand was Joe Walsh and Rocky Mountain Way and low and behold..today in my youtube list there it was. Our phones where in the other room sitting on the kitchen table I will add..eerie I have to say.

Today I saw this article about the facetime app on iphones. Its like they dont even care if you know or not that they are monitoring and stealing your data 24/7.  fml
https://www.cnbc.com/2019/01/28/apple-facetime-bug-lets-you-listen-even-if-someone-doesnt-answer.html

google home, amazon's alexa and pretty much all smart TV's are constantly listening to all conversations, then, probably give you ads at the minimum.

[realr0ach]

How is it going batfans?

Welcome to the Potemkin village called bitcoin.

[jbreher]

Some Colorado shops have been accepting Bitcoin since years. Or so I am told.

They'd be foolish if they didn't IMO.
I've heard they have to deal in cash because federal law prohibiting cannabis makes banks leary of letting them open business accounts.
Bitcoin is the perfect solution to that shit show.

Yes. Due to things such as Obama's Operation Chokepoint (the principles of which I am fairly sure have continued into the current administration), there are zero banks that will deal with marijuana retailers.

[infofront]

I have to admit to being pretty paranoid at times yet I cling to the fact that you are only that if they are not out to get you. With that preface, I have often wondered at the recommendations that seem to pop up now and again on google news or my youtube feed referencing conversations I have recently had. For example, last night I was jamming with my brother in law and we ended up talking about a voice box like Frampton uses in the classic "Do you feel like we do". I mentioned that the only other artist I could remember off hand was Joe Walsh and Rocky Mountain Way and low and behold..today in my youtube list there it was. Our phones where in the other room sitting on the kitchen table I will add..eerie I have to say.

Today I saw this article about the facetime app on iphones. Its like they dont even care if you know or not that they are monitoring and stealing your data 24/7.  fml
https://www.cnbc.com/2019/01/28/apple-facetime-bug-lets-you-listen-even-if-someone-doesnt-answer.html

google home, amazon's alexa and pretty much all smart TV's are constantly listening to all conversations, then, probably give you ads at the minimum.

And the NSA basically has total access to every internet connected device (and even some non-internet connected devices  )

[Toxic2040]

google home, amazon's alexa and pretty much all smart TV's are constantly listening to all conversations, then, probably give you ads at the minimum.

And the NSA basically has total access to every internet connected device (and even some non-internet connected devices  )

Yah..thats a given but I dont have those things in the house...just current gen smartphones. It just pisses me off that society is so complacent about it. Almost threw the phone out the door before remembering the satoshi stored on it..

[empowering]

Nearly time for some action

[jojo69]

When the man in the ghillie suit says it's time for action I start looking for cover.

[Bitcoinaire]

Today is D-Day for down-trend confirmation. We need to see more volume build upon yesterday. (Chart shows 2.5hrs of traded volume so far for today). Technically we broke the volume trend line yesterday, but I'd like to see one more day of higher volumes for confirmation.


https://twitter.com/woonomic/status/1090078140880146432

[Toxic2040]

Nearly time for some action

Here ya go...5 minute chart with some short fibs...great for action.    Now we can oooh and ahhhh at ever $10 price movement.

5m



------------
I do think you are correct however. There is going to be some action soon but I dont think it will be in the direction we would all hope for and that is upwards. I suppose I should be banging the bull drum with greater vigor as sentiment matters but I honestly think there are darker days ahead. This cycle of letting the market recover enough to sell into has been going on for some time now and shows no sign of stopping in the near term. It speaks to me of large bag holders trying to slowly divest their coins. I have also been floating the theory that its the exchanges doing most of the selling, driving the price downward to a point where a rebuy makes sense to the corporate overlords. The addictive cycle of profits from the last bullrun might be to much for many to resist.

[empowering]

Nearly time for some action

Here ya go...5 minute chart with some short fibs...great for action.    Now we can oooh and ahhhh at ever $10 price movement.

5m



------------
I do think you are correct however. There is going to be some action soon but I dont think it will be in the direction we would all hope for and that is upwards. I suppose I should be banging the bull drum with greater vigor as sentiment matters but I honestly think there are darker days ahead. This cycle of letting the market recover enough to sell into has been going on for some time now and shows no sign of stopping in the near term. It speaks to me of large bag holders trying to slowly divest their coins. I have also been floating the theory that its the exchanges doing most of the selling, driving the price downward to a point where a rebuy makes sense to the corporate overlords. The addictive cycle of profits from the last bullrun might be to much for many to resist.

Meh... I am interested in bigger moves than $10..

We have almost arrived back at the 200 weekly MA, which I fully expected us to retest after a short bounce...

Got the death cross 50 though the 100 on the cards..

BBs have opened up already on larger time frames (though narrowing on the daily)  but we are well constricted on the 1 hour..

We have formed a bear flag, at the bottom of the support zone of an overall descending triangle.

So.. IMO. either we bounce somewhere between here and the 200 week MA, perhaps with a little overshoot...  and then in that scenario I see us likely to put another lower high and then coming back down for a third test ....  or.....  

So far it looks same as it did , a month ago,  I have the same outlook and same support levels based on previous r/s and volume profiles. so far nothing surprising has happened, in fact BTC has been quite the well behaved and relatively predictable (excluding those glorious wicks.. hunters hunting)   but now with more confirmations.....it still looks bearish to me at this present moment.... pretty interested to see how we react  between here / 200 week MA though and if it holds/ if we bounce from there.  

Volume is still not impressive, and below even the volume levels at the local low.. yes it was up yesterday, but still low.

Doom outlook un-changed for now.

I am pretty happy about it.

[Toxic2040]

Meh... I am interested in bigger moves than $10..

We have almost arrived back at the 200 weekly MA, which I fully expected us to retest after a short bounce...

Got the death cross 50 though the 100 on the cards..

BBs have opened up already on larger time frames,  but we are well constricted on the 1 hour..

We have formed a bear flag, at the bottom of the support zone of an overall descending triangle.

So.. IMO. either we bounce somewhere between here and the 200 week MA, perhaps with a little overshoot...  and then in that scenario I see us likely to put another lower high and then coming back down for a third test ....  or..... 

So far it looks same as it did , a month ago,  I have the same outlook and same support levels based on previous r/s and volume profiles. so far nothing surprising has happened, in fact BTC has been quite the well behaved and relatively predictable (excluding those glorious wicks.. hunters hunting)   but now with more confirmations.....it still looks bearish to me at this present moment.... pretty interested to see how we react  between here / 200 week MA though and if it holds/ if we bounce from there.  

Volume is still not impressive, and below even the volume levels at the local low.. yes it was up yesterday, but still low.

Doom outlook un-changed for now.

I am pretty happy about it.

I agree and was being facetious with the short time frame comment and charts. If there is any correlation with the last bear market we are approaching its end soonish. I do however think that this sideways/accumulation phase could go on even longer than I have predicted. There is some data indicating that this period could extend well into 2020. My hope that it is just post bear market noise cluttering the airwaves.

Cards on the table.
D

[Vaculin]

Looks like we are going to end this month with a wrong prediction again.
It's almost impossible for BTC to cross $5,000 with just 2 days remaining, next poll voting, I think people will vote the same.

[empowering]

I agree and was being facetious with the short time frame comment and charts. If there is any correlation with the last bear market we are approaching its end soonish. I do however think that this sideways/accumulation phase could go on even longer than I have predicted. There is some data indicating that this period could extend well into 2020. My hope that it is just post bear market noise cluttering the airwaves.

Cards on the table.
D
 

My apologies, lack of sleep tbh I somehow missed the obvious joke...

Yes, recovery timing is hard to call, many factors, though 1st we need to find bottom....my feeling is people are actualy too comfortable at this level.. and so more pain.. but once we find bottom,  and then if the market has any symmetry.... 2020 it could be.

I have wondered though.. if we have reached exhaustion or are nearing exhaustion from retail... Or if there is another batch of quivering fearful hands to cull with one last viscous move, one that makes people rue the day they ever decided to crypto all over the place... followed by a long recovery period which lasts until either a catalyst sparks the market, or we get too close to the halving.


Anyways... 1st things 1st we need bottom.

(ass.gif)



 

[kenzawak]

30 more ATMs coming to Chicago :

https://www.newsbtc.com/2019/01/29/chicago-bitcoin-atm-hot-spot/

"According to a report in Chicago Business, the city is about to receive an additional 30 cryptocurrency ATMs. These will be provided by Lux Vending under the brand, Bitcoin Depot."

[HairyMaclairy]

Fractal fetishists rejoice !

[Phil_S]

I have a gut feeling that we'll see a February bottom that will be similar to December bottom.

Somewhere around Feb 6 - Feb 10.

[kurious]

^ Isn't Chinese New Year the 5th?