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

[realr0ach]

It appears no black people actually believe the CNN Jew hoax, Jussie Smollet "MAGA attack" false flag actually happened:

https://dailystormer.name/what-are-black-people-saying-about-the-jussie-smollett-maga-country-attack/

Each and every black person that saw this thought to themselves, "Hmm, when is the last time I was walking down the street and had white people who were not cops attempt to harass me in any type of manner.  Oh, that answer would be zero.  White people who are not cops are typically trying to avoid black people at any chance possible".

[HairyMaclairy]

Ok we are going through the 200WMA (green line).  We cant just keep dragging our asses along the line on low volume.  It’s not sustainable.

So the question is what happens next.  Do we capitulate spike down and rocket back up?  Or do we drop under and stay under until later this year?  

[realr0ach]

^I would not put ANY stock in the 200 WMA one way or another - either bullish or bearish.  In the time we speak right now, bitcoin is nothing but a dollar derivative.  Is the global macroeconomy and everything else the same right now as it was in the past?  No.  Any large macroeconomic change or sentiment would invalidate whatever the reverse looking 200 WMA says.  Looking at simple moving averages as some type of holy grail indicator is noob trading 101.  And that's what that Masterluc guy was attempting to do the other day, which should tell you he currently has no clue what's going on.

[Gyrsur]

looking not good, guys. again test of weekly 200MA, RSI 30 level and $3000 mark ahead.




EDIT: calling the BTC bottom at about $2800 and €2500 if no BTC nuclear event will happen again like the BCH/BSV hash war in fall 2018.

the support levels below should be strong enough.

[JayJuanGee]

Ok we are going through the 200WMA (green line).  We cant just keep dragging our asses along the line on low volume.  It’s not sustainable.

So the question is what happens next.  Do we capitulate spike down and rocket back up?  Or do we drop under and stay under until later this year?  

If you look at various shitcoins, they are continuing to bleed a lot more than BTC, so this seems to be an ongoing means to purge additional froth out of many of the various shitcoins.  Of course, that does not mean that BTC is done dumping, but if there still seems to be weakhands in the various shitcoins, that factor could continue to contribute to the ongoing downwards price pressures on BTC.

In other words, I don't know anything regarding BTC price direction, except for concluding that we remain in a bear market.  Give me a three-sided coin to flip that has a slight advantage towards the downside, a lesser advantage towards sideways and the least advantage towards up.

[Phil_S]

Do we capitulate spike down and rocket back up?

Yeah, look what happened 365 days ago. Maybe it's time for another one of those.

[realr0ach]

If you look at various shitcoins, they are continuing to bleed a lot more than BTC, so this seems to be an ongoing means to purge additional froth out of many of the various shitcoins.  

I am dumping all of my JayJuanGee shares.

[HairyMaclairy]

Do we capitulate spike down and rocket back up?

Yeah, look what happened 365 days ago. Maybe it's time for another one of those.

Good point

[JayJuanGee]

If you look at various shitcoins, they are continuing to bleed a lot more than BTC, so this seems to be an ongoing means to purge additional froth out of many of the various shitcoins.  

I am dumping all of my JayJuanGee shares.

Assuming that you are around the same age as me, but maybe not as socially fitting as I am, but you want to reflect JayJuanGee shares in the financial side of your investment, then you would be about 1% or 2% shitcoins (4% at most), about 5% to 8% cash, and then the rest 90% or so, in bitcoin. 

Now, if you want to include traditional investments, to reflect a JayJuanGee balance that would be a bit more complicated, because there remains some ongoing traditional investments that nearly balance out the total crypto package (and bitcoin-available cash referred to above). 

Regarding PMs such as Gold and Silver, JayJuanGee is not very tolerant of those investments because he (that is me) considers bitcoin to largely have supplanted any justification for holding any PMs because, in essence bitcoin serves as a similar kind of dollar or traditional investments hedge that PMs had traditionally been serving.  But, if you cannot shake such PMs from your psyche, because you are kind of stuck in the past, JayJuanGee would tolerate up to a 6% or 7% holding in such PMs, while advising against them.

Regarding dumping JayJuanGee shares?  What you gonna do?  Gonna get screwed up?  You going into cash?  I imagine you are already too heavy in PMs?  Perhaps real property would be o.k. if you don't mind being tied down, geographically.  I recall that you, Roach, were leaning towards an Island, earlier, but I am not sure about the practicality of that kind of direction, and really it does not seem to be very divisible nor portable.. I suppose depending upon how much you have to work with.

[JayJuanGee]

Do we capitulate spike down and rocket back up?

Yeah, look what happened 365 days ago. Maybe it's time for another one of those.

Good point

Bitcoin is not very seasonal.. so we are in a different point, especially looking at least year, specifically.

[HairyMaclairy]

Bitcoin is not very seasonal..

I beg to differ, good sir. 

[Phil_S]

2018 January: top at Jan 6.
2018 February: bottom at Feb 6.

2019 January: top at Jan 8.
2019 February: bottom... soon?

[bitserve]

2018 January: top at Jan 6.
2018 February: bottom at Feb 6.

2019 January: top at Jan 8.
2019 February: bottom... soon?

I am prepared. I know I am going to get screwed. I just hope it happens fast and I am able to leave it in the past.

[JayJuanGee]

Bitcoin is not very seasonal..

I beg to differ, good sir. 

Fair nuff, good sir.


 

[HairyMaclairy]

Ummm thanks.  I guess. 

[HairyMaclairy]

Twitter founder Jack rekts shitcoiners

[JayJuanGee]

Twitter founder Jack rekts shitcoiners

I thought yesterday that I said that I come here for the lulz....

hahahahahahaha

Don't need any crypto in the square app. and don't need no other personal crypto... Bitcoin get's it done, even if considered as boring...

hahahaha.  Go Jack.

[nutildah]

Ummm thanks.  I guess.  

In other good news, BSV was recently surpassed by Binance Coin in market cap.

Interestingly, BNB is the only coin/token to have appreciated in terms of BTC over the last 14 months.
Every single other altcoin is down against BTC in this time period.

[Ibian]

Wait, twitter jack jack? Hm. Maybe some of his questionable actions are just a result of being in a tough position.

[nutildah]

Wait, twitter jack jack? Hm. Maybe some of his questionable actions are just a result of being in a tough position.

I used to listen to the Joe Rogan Experience all the time, and (besides an NPR podcast about BTC I heard previously, but wasn't as interesting) its pretty much the whole reason I got into bitcoin, after hearing Andreas Antonopoulos talk about it there.

So this Jack Dorsey guy was on JRE the other day and he took a _lotta_ flack in the comments... 10k thumbs up, 65k thumbs down.

https://www.youtube.com/watch?v=_mP9OmOFxc4

I should really listen to the whole thing. I think there is a whole Alex Jones crossover contingency that is pissed that their guy was banned from Twitter, and blame Jack for it, then blame Joe for taking his side.

But most notably he talked about how he thought in the future the internet would have a single digital currency, and he hoped that currency was bitcoin.