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

[JayJuanGee]

Just wanted to share some hopium:

"End of this week we could have for the first time since this bear market 6 green candles in a row for total crypto Marketcap.
This kind of configuration with short but increasing candles in most cases end with an acceleration with bigger candles, IF 140 B is breached"

 © Cryptowolf
https://twitter.com/IamCryptoWolf

Are you talking about bitcoin?  

What is the thing you call "crypto?"  Never heard of it.

I'll bite Well neither am I following this specifically, but hey, if it could be an indicator of a possible trend reversal and better times ahead, wouldn't it be a fun fact?

Snap into reality, greensheep.  I would not characterize your response as "biting".

In essence, I asked you a valid question that you considered to be a joke, and it is not.  So in essence, you evaded answering my question... and maybe that evasion was not on purpose, but what you did was to go back to describing market dynamics based on some kind of amorphous concept, presumably the "crypto" thingy-ma-jiggie that you referred to earlier that you still have not defined nor described.      In that regard, have you appreciated that you are posting in a bitcoin thread?

[Biodom]

Sitting at an airport bar in some foreign country, waiting another hour before my flight boards, and I begin my return flight to Texas (All alone. Rick had to bail earlier due to business matters tearing him away from us)

Beer #4 flowing through my veins.

Can't wait to get home.

On a tangential note, and without wanting to break any OpSec, I just wanted to sincerely, and honestly make a point about getting colonoscopies before age 40.

I recommend colonoscopies start at age 35, but, whatever.

Colon cancer has already taken a "brother" from my life - WAY before his time - and I don't wish to lose family members to the same disease in the future (Prognosis is good at this stage with early Stage 3 diagnosis for current family member undergoing treatment - the reason for my visit out of the country)

Perhaps, also do at least the 23andme test.

Don’t do any DNA test.   Your DNA data will be out in the wild and used against you.

https://www.businessinsider.com.au/dna-testing-ancestry-23andme-share-data-companies-2018-8

not sure what do you mean by 'used against you'?
I believe that you can use 'do not share' at least as far as not sharing with insurance companies.
That said, personally, I still did not do the test yet, although I am planning to do it sometime.

[HairyMaclairy]

It doesn't matter if the insurance company knows.  If you get a DNA test, and you know that you have a higher than average chance to get a specific disease, and don't disclose that to an insurance company, then your insurance cover is void.

Better not to know, and to be covered by health insurance than know, and be uninsurable. 

[Searing]

Common break through that 4K again and for good would be Nice

Snorkling, sunny, green dildo’s, breakfast ..... happy mornings

How much I hate these moments after the 4000 price breakthrough.

Yeah, rinse/wash/repeat is getting really, really old. Some supposed experts say we need to blast thru $4,600 USD for any real stability.

it is boring, well in a good way, I guess I had too much 'excitement' when BTC dumped from 18k to 3.2k

so I want 'responsible' excitment...not 'horror' excitement ...to be clear ...price wise.

(bored, on W0, should do laundry etc....stalling)

[Biodom]

It will go to insurance companies and you will be declined coverage accordingly.

It would not and it will not (at least in US).
Besides, you already gave your blood for regular testing, right?
If this is correct, then they could have sequenced your DNA already.

I do appreciate the caution, though.

In more practical terms, I am more concerned that the data from people driving habits could be (potentially) pipelined to auto insurance as your android/iphone definitely knows the speed of your driving vs the speed limit in an area. That would be nasty as around here the flow on the highway is ALWAYS 5-10 miles above the speed limit and you have to stay with the flow.

If you get a DNA test, and you know that you have a higher than average chance to get a specific disease, and don't disclose that to an insurance company, then your insurance cover is void.

Better not to know, and to be covered by health insurance than know, and be uninsurable.  

That's NOT how it works in US.
There is no coverage denial for pre-existing conditions, AFAIK.

[lightfoot]

That's NOT how it works in US.
There is no coverage denial for pre-existing conditions, AFAIK.

Right now, yes. However get rid of Obamacare and things can change.... quickly.

Sorry but the future is not what it used to be.

[bitserve]

It doesn't matter if the insurance company knows.  If you get a DNA test, and you know that you have a higher than average chance to get a specific disease, and don't disclose that to an insurance company, then your insurance cover is void.

Better not to know, and to be covered by health insurance than know, and be uninsurable.  

Get the insurance first.

Test yourself.

Decide if you go on or cancel the insurance.

Profit.


P.S.: In fact, and following (even if I had already scheduled) on the good advice given by Bob a few pages before... I am going to do my first colonoscopy because of reasons... and I had it posponed a couple of months because first I need to sign my new mortgage life insurance. Hedging....

It would be a bad joke that not only I were going to die... but it would cost me money for not doing the things right.

[Biodom]

That's NOT how it works in US.
There is no coverage denial for pre-existing conditions, AFAIK.

Right now, yes. However get rid of Obamacare and things can change.... quickly.

Sorry but the future is not what it used to be.

Not going to happen.
Autism is an obvious pre-existing condition.
One in 59 children are on the spectrum (https://www.cdc.gov/ncbddd/autism/data.html).
If they would be denied coverage, there would be an outrage.

[HairyMaclairy]

It doesn't matter if the insurance company knows.  If you get a DNA test, and you know that you have a higher than average chance to get a specific disease, and don't disclose that to an insurance company, then your insurance cover is void.

Better not to know, and to be covered by health insurance than know, and be uninsurable.  

Get the insurance first.

Test yourself.

Decide if you go on or cancel the insurance.

Profit.

Ok, but then you are trapped in a single insurance product and cannot change the product, and may or may not be able to change deductible limits.  Also I don't know whether that then impacts the ability of your children to get insurance coverage for inheritable conditions.  


As far as the USA goes (and no denial for pre-existing conditions) does that just apply to a base level health insurance or does the 'no denial' rule also apply to super duper high end health insurance packages?  

In more practical terms, I am more concerned that the data from people driving habits could be (potentially) pipelined to auto insurance as your android/iphone definitely knows the speed of your driving vs the speed limit in an area. That would be nasty as around here the flow on the highway is ALWAYS 5-10 miles above the speed limit and you have to stay with the flow.

There is talk about automatic enforcement of speed limits (eg the car will not go faster than the speed limit).  That would kill government revenue from speeding tickets so never going to happen. 

[bitserve]

It doesn't matter if the insurance company knows.  If you get a DNA test, and you know that you have a higher than average chance to get a specific disease, and don't disclose that to an insurance company, then your insurance cover is void.

Better not to know, and to be covered by health insurance than know, and be uninsurable.  

Get the insurance first.

Test yourself.

Decide if you go on or cancel the insurance.

Profit.

Ok, but then you are trapped in a single insurance product and cannot change the product, and may or may not be able to change deductible limits.  Also I don't know whether that then impacts the ability of your children to get insurance coverage for inheritable conditions.  

Oh well, that's too many things to consider.... You can't control everything you know, but those things you can easily do, you do... see my P.S. to the above post.

I would say your children, being a different individual, could always claim to not having been informed about it.

[infofront]

ok, seems like this is it for this small rally, fun while it lasted, fasten your seat belt.



Very strong Resistance ahead, not enough momentum to push to the upside,

RSI is approaching 42 on the weekly which was the most critical support level that now will act as resistance.


what is my plan ?

hold on to dear btc just in case it breaks out of this strong resistance , dump it once this trend on the 4HR is broken to the down side, rebuy at 3.4k for 10-13% discount.

Looks pretty reasonable to me. I can't see the current rally having any legs.

[HairyMaclairy]

Look I understand your approach.  

My view is that DNA tests are too dangerous and that there are too many factors to control.  Therefore you should never do them.*

Your mileage may differ.  








*I am sure that there are some valid exceptions to the rule, but "let's see what we can find" or "am I related to Genghis Khan" is not one of them for me.  

[bitserve]

Look I understand your approach.  

My view is that DNA tests are too dangerous and that there are too many factors to control.  Therefore you should never do them.*

Your mileage may differ.  








*I am sure that there are some valid exceptions to the rule, but "let's see what we can find" or "am I related to Genghis Khan" is not one of them for me.  

With that thinking I wouldn't even do the colonoscopy that I think I really need. There's many illness that are curable if detected on time.

And no... It's not on my schedule to do a DNA test.....

[HairyMaclairy]

I can't see the current rally having any legs.

No legs?  Or has the bear line just switched from resistance line to a support line?

[HairyMaclairy]

With that thinking I wouldn't even do the colonoscopy that I think I really need. There's many illness that are curable if detected on time.

That's different.  

The colonoscopy will determine whether or not you have an existing condition in your bowel now.  

It will tell you little or nothing about your propensity to get a condition in 10 years time.  

The dangerous information is what you might get in the future, not what you do have now.  It is dangerous because it can prevent you from getting coverage for a future condition.  And thinking about it, does Obamacare extend coverage to future conditions?

The information about what you do have now is of course crucially important and should not be delayed.

[JayJuanGee]

Common break through that 4K again and for good would be Nice

Snorkling, sunny, green dildo’s, breakfast ..... happy mornings

How much I hate these moments after the 4000 price breakthrough.

Yeah, rinse/wash/repeat is getting really, really old. Some supposed experts say we need to blast thru $4,600 USD for any real stability.

it is boring, well in a good way, I guess I had too much 'excitement' when BTC dumped from 18k to 3.2k

so I want 'responsible' excitment...not 'horror' excitement ...to be clear ...price wise.

(bored, on W0, should do laundry etc....stalling)

On the bright side, if it is down here long enough, you might be able to get a decent amount of the BTC that you sold back, to the extent that matters to you.

But, yeah, I don't really like it either, except for I don't seem to focus on the negative as much as you do.  i continue to be amazed that I have invested into an asset that continues to be up more than 15x from 3.5 years ago, and also seems to have really good upside potential prospects, in spite of continuing to be up more than 15x from its 2015 levels that were largely in the $250 price arena.

[bitserve]

With that thinking I wouldn't even do the colonoscopy that I think I really need. There's many illness that are curable if detected on time.

That's different.  

The colonoscopy will determine whether or not you have an existing condition in your bowel now.  

It will tell you little or nothing about your propensity to get a condition in 10 years time.  

The dangerous information is what you might get in the future, not what you do have now.  It is dangerous because it can prevent you from getting coverage for a future condition.  And thinking about it, does Obamacare extend coverage to future conditions?

The information about what you do have now is of course crucially important and should not be delayed.

Yeah, agreed now. I donno shit about Obamacare though. In my country I am fully covered by social security for my whole life no matter what and by private medical insurance (which is only useful for faster attention for minor/rutinary things... like that colonoscopy) additionally in my case. Don't really need to care about medical costs... at all.

[HairyMaclairy]

Good perspective.  If you don’t need medical insurance then DNA testing makes a lot more sense.

[StartupAnalyst]

 Good morning WO`s. I found an animation that reminded me of dinner with my brother last year. Gentlemen want to see her?

[HairyMaclairy]

Should we be worried?