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

[jojo69]

sooooo pretty

when rekt?

[sirazimuth]

Nice green candles to go on top of my cake on my special day.

Happy B-Day!

nice green candles, though to be accurate, you need 46 more...

Happy b-day, bones.  

[JayJuanGee]

my major concern is the upcoming resistance at 4500$ area

 Relevantly both of us place upcoming resistance at $4,500.  Perhaps it doesn't matter how we come to the conclusion that resistance is at $4,500, if we both agree on it.  

You don't have to draw squiggly lines on charts to appreciate various interesting price points that might constitute resistance.

Previous local top of $4,236 is approaching, and it will be interesting to see if the price whizzes by $4,236 in order to hang out in the sub-$4,500 arena.

It would be quite surprising to break above $4,500 without some kind of a correction or a meaningful battle.

But this is BTC, every once in a while there will be a few surprises, just to throw everyone off, and it would be nice to go straight to the sub $5k arena and play there for a few days.  Perhaps hopium?

@bitserve?  You starting to develop some tinglings?  

[HairyMaclairy]

I want to repost the CME chart because I don't think people are realising the significance of it.

Typically the bottom is drawn as a giant capitulation candle with huge volume.  This is the bottom for 2015.  



We hit absolute bottom on a massive capitulation candle in January 2015.  We then broke upwards through the bear line in late June 2015.

What I have been waiting for, and presumably V8 is still waiting for, is a massive volume candle.  But there is a huge candle out there, just not where you would normally look.  There is an enormous volume candle on CME.  Wall Street has painted an enormous flag on Bitcoin, and that flag says "the bottom is here".  Wall Street thinks the bottom is in.  



I am still wrestling with the implications of that.  But we may look back on this five or ten years later and say "that was how we knew that the bottom of the market was in for the 2018/2019 crypto winter".  

[bones261]

nice green candles, though to be accurate, you need 46 more...

Happy b-day, bones.  

I was wondering how you guessed my age. However, it looks like I posted my age a year ago. Oh well, thanks to equifax, some hackers have all of my info anyway.

[sirazimuth]

nice green candles, though to be accurate, you need 46 more...

Happy b-day, bones.  

I was wondering how you guessed my age. However, it looks like I posted my age a year ago. Oh well, thanks to equifax, some hackers have all of my info anyway.

I actually had a milestone one year (plus a day) ago too... remember?

[HairyMaclairy]

Meanwhile on the four hour chart we have:

30 x 4hr Moving Average on Top (Green)
50 x 4hr Moving Average Below (Yellow)
100 x 4hr Moving Average Below (Orange)
200 x 4hr Moving Average at Bottom (Red)

This is a full flight bull formation.  Beautiful to see.  It hasn't looked this good since mid 2018.  Looking forward to the daily chart looking like this. 



Oh yea, we are at $4,175 now.  

[bones261]

I actually had a milestone one year (plus a day) ago too... remember?

Well happy belated birthday.

[JayJuanGee]

What I have been waiting for, and presumably V8 is still waiting for, is a massive volume candle.  

You tricked V8 into losing .012BTC... you are absolutely slick... ...  .... Except, according to "terms", you have to wait until February 2020 to collect.  hahahahahahaha    

[cool4y]

The BTC spaceship is ready to took off, brace yourselves, moon, we are coming 

[cool4y]

Meanwhile on the four hour chart we have:

30 x 4hr Moving Average on Top (Green)
50 x 4hr Moving Average Below (Yellow)
100 x 4hr Moving Average Below (Orange)
200 x 4hr Moving Average at Bottom (Red)

This is a full flight bull formation.  Beautiful to see.  It hasn't looked this good since mid 2018.  Looking forward to the daily chart looking like this. 



Oh yea, we are at $4,175 now.  

Almost forgot to what it felt to witness price surges. It's amazing to witness the positive sentiment, excitement and thrill around BTC.

[JSRAW]

@XhomerX

Not wanting to sound needy or anything, but can you maybe please create a 3d hat for me too (if you still have my pic)

Greatly appreciated!

 Awww I'm sorry man - I was working from my PMs and thought I was all caught up!  You're next

Is it possible to make something 3d looking out of mine?

If you or anyone here want a 3d avatar, then, can send some of my 3d models here.

[cool4y]

My wild guess is that within a month BTC will break the 6000$ levels. It's encouraging to have such a massive daily volume for the entire crypto market - 31 billion dollars.

[alevlaslo]

What's the point of lightning if bitcoin was invented to fight lightning? Are you sure that inside the channel you can not print unnoticed new coins according to the Ponzi scheme?

[mindrust]

My wild guess is that within a month BTC will break the 6000$ levels. It's encouraging to have such a massive daily volume for the entire crypto market - 31 billion dollars.

$6k won't surprise anyone. We were already there 3-4 months ago. The real question is, what is next? Another ATH in a year, back to sub $4k or stay at $6k for another year? Personally I would choose the option 1 and 3 over 2. Either make it very cheap or moon. Fuck $6k.

[xLays]

We can call the bear line irrelevant after we cross it, and even then it should provide support

that's not what i mean, there is no "proper" trend line that you can draw from 19k, unless you going to take it from ATH all the way down to 6500k , ignoring all previous highs, such trend is week/irrelevant.

 the only valid trend line with 4 points is the one from Feb 2018 at 11930 connecting 10120 , 8400 and 6500. refer to the image above.

There is no particular need for us to agree on the interpretation of seagull entrails.  I place the bear line at around $4,500 currently and the first real test of our baby bull market.  I would be surprised if we could cross it at our first attempt.



Zoomed in

my major concern is the upcoming resistance at 4500$ area

 Relevantly both of us place upcoming resistance at $4,500.  Perhaps it doesn't matter how we come to the conclusion that resistance is at $4,500, if we both agree on it.  

So 2,5K USD iscamming.

[jojo69]

Pretty sure we are just playing out a 4 c.

There is still a new low in this thing before it's over.

[serveria.com]

My wild guess is that within a month BTC will break the 6000$ levels. It's encouraging to have such a massive daily volume for the entire crypto market - 31 billion dollars.

$6k won't surprise anyone. We were already there 3-4 months ago. The real question is, what is next? Another ATH in a year, back to sub $4k or stay at $6k for another year? Personally I would choose the option 1 and 3 over 2. Either make it very cheap or moon. Fuck $6k.

I'd say fuck sub 4k. Why wait for the losers who had enough time to accumulate but didn't because of lack of FIAT (or just too stupid/greedy waiting 1.5k etc). Whales have their bags filled. Take off. Forget 3xxx forever.

[bonker]

The BTC spaceship is ready to took off, brace yourselves, moon, we are coming 

Its take off.

Not yet though,the countdown just starts now and we have to wait for few more hours to see how the price moves if it keeps going upwards by stabilizing in the regular interval then yes it is new bull run.

[squatz1]

Could I ask why a good deal of you who post in this thread regularly have hats as your avatar, I don't know if I missing something or can't read the hats. Please let me know, I've been sitting here making up reasons and I need some real reasons soon!