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

[BTCMILLIONAIRE]

Short term oscillations (1m-3m) tightening. Breakout soon? Up or down?

I know I've gotten myself in trouble in the past with making bad calls, but my gut has been absolutely 100% right-on so far this year. I am legit beginning to scare myself.

We're going to break upwards.

HODL. Patience.

Expecting support to build this entire week.

Did you smash those titanium plates so hard that you ripped through space-time and somehow got subconscious access to an oracle?

[JayJuanGee]

https://www.ccn.com/fbitcoin-technical-indicators-show-bullish-trend

"According to one technical analyst, for the first time since the bull run in late 2017, a technical indicator called Bollinger Bands is holding above the 30 moving average (MA) level, which often signals a positive upside movement.
...
The $4,300 level could be crucial in the near-term because as one cryptocurrency trader explained, there are a relatively large number of short contracts stacked up in the $4,200 to $4,300 range. If bitcoin initiates an optimistic price movement above $4,300, it could trigger a short squeeze and fuel its near-term momentum."

$4,300 would be quite the breath of fresh air, enough distance from the bottom to take a breather.

I believe that the point the article is making is to get above $4,300 would cause the triggering of the short squeezes, and surely, it would be nice to get above $4,600, too, which is another level of additional short squeezes, then that could provide enough fuel to get to the sub $5k arena.  I have my doubts that we could get through $5k without some kind of 15% or more correction, but you never know in bitcoinlandia.  Some of those kinds of actions could cause folks, like me, to reconsider the conditions in which we come out of the bear market category.

[VB1001]

Banking Startup Launching Visa Card That Lets You Spend 7 Cryptos

In an announcement, 2gether said customers will be able to use the card to pay with either euros or any of the following seven cryptocurrencies: bitcoin (BTC), ether (ETH), XRP, bitcoin cash (BCH), EOS, Stellar (XLM) and litecoin (LTC). The card “instantly” converts the cryptos to fiat currency and, it said, and can be used fee-free by customers in any of the 19 eurozone nations.

https://www.coindesk.com/banking-startup-launching-visa-card-that-lets-you-spend-7-cryptos?

(Banking Startup Launching Visa Card That Lets You Spend Bitcoin and 6 shitcoins, that's better.)

[BTCMILLIONAIRE]

Fucking lol'd:

https://www.cnbc.com/2019/03/18/cboe-to-stop-listing-bitcoin-futures-as-interest-in-crypto-trading-cools.html

Because volume hasn't been climbing.

[BTCMILLIONAIRE]

Did you smash those titanium plates so hard that you ripped through space-time and somehow got subconscious access to an oracle?

 I honestly don't know, broheim.

 It's just uncanny. I think it's the whole learning how to start to relax and start listening to the breathing of the universe.

 Dealing with an exponential degree of meta shit right now, and it's seemingly giving me very strange, and unexpected clarity, as a side-effect.

 Or maybe it's the drugs.

 It's probably the drugs.

 And beer.

Most likely the drugs. Although I've been wondering if there was a way to "tap into the universe" as well, since animals seem to be equipped to detect all kinds of weird shit. Absolutely no idea where to even begin trying to find out if there could be something to it or not though. Too much noise.


Care to elaborate on meta shit?

[BTCMILLIONAIRE]

Banking Startup Launching Visa Card That Lets You Spend 7 Cryptos

In an announcement, 2gether said customers will be able to use the card to pay with either euros or any of the following seven cryptocurrencies: bitcoin (BTC), ether (ETH), XRP, bitcoin cash (BCH), EOS, Stellar (XLM) and litecoin (LTC). The card “instantly” converts the cryptos to fiat currency and, it said, and can be used fee-free by customers in any of the 19 eurozone nations.

https://www.coindesk.com/banking-startup-launching-visa-card-that-lets-you-spend-7-cryptos?

(Banking Startup Launching Visa Card That Lets You Spend Bitcoin and 6 shitcoins, that's better.)

I've been following this space very closely for the past 2-3 years. And this is most likely horseshit.

The only way to use the Visa network with crypto is to first convert the crypto balance into fiat and then to use the fiat balance to spend via the Visa network. Auto-conversion at point of sale is not allowed.

Every card that tried to allow direct spending of crypto via Visa or MasterCard got cancelled so far. Alas, this is most likely just a quick money grab at the expense of those who haven't seen card after card launch and fail.

[Globb0]

What a suprise.  

I tried to overlay the price action, I wonder how much flowed into BTC? I think I got it right.....

Look!

[cAPSLOCK]

Did you smash those titanium plates so hard that you ripped through space-time and somehow got subconscious access to an oracle?

 I honestly don't know, broheim.

 It's just uncanny. I think it's the whole learning how to start to relax and start listening to the breathing of the universe.

 Dealing with an exponential degree of meta shit right now, and it's seemingly giving me very strange, and unexpected clarity, as a side-effect.

 Or maybe it's the drugs.

 It's probably the drugs.

 And beer.

The drugs and beer might be helping some.  But I am also hearing the universe breathing.  I feel like it is about to laugh a little.

[LFC_Bitcoin]

my dealer brought me new stuff but I'm not allowed to speak about the source.

Dawg, I got EVERYTHING you need & more

[rebal15]

Short term oscillations (1m-3m) tightening. Breakout soon? Up or down?

I know I've gotten myself in trouble in the past with making bad calls, but my gut has been absolutely 100% right-on so far this year. I am legit beginning to scare myself.

We're going to break upwards.

HODL. Patience.

Expecting support to build this entire week.

Holding is not a good solution, Roach has explained it. Everyone is holding for the next pump to sell but who is going to pump BTC for you.
Anyway i prefer to keep some USD or EUR in order books. 2022 is far away.

[Febo]

85% of volume fake

https://twitter.com/TheTIEIO/status/1107671178423033858

[serveria.com]

85% of volume fake

https://twitter.com/TheTIEIO/status/1107671178423033858

File hosted on google docs? Is that a virus stealing BTC from your wallets? 

[LFC_Bitcoin]

85% of volume fake

https://twitter.com/TheTIEIO/status/1107671178423033858

File hosted on google docs? Is that a virus stealing BTC from your wallets?  

My advice is to click on NOTHING anybody links you to on this website. I don’t visit this forum on any device/computer that holds bitcoin.

My name’s Billy not Silly  

Seriously, you should all be the same.

I’ve seen too many horror stories on this place.

[Febo]

File hosted on google docs? Is that a virus stealing BTC from your wallets? 

I have no ideas 54 people now watch that doc. You can just read the tweets how they got to the results. there is also website for you altho I had not found much on their website.

What bother me more is that they picked strange way to determinate what volume is fake.

[DireWolfM14]

Or maybe it's the drugs.

It's probably the drugs.

And beer.

Sound like someone's been hanging out with Hank 3.

Well, there's blood on the carpet an' holes in the walls
Well, it must've been them pills I took.
Yeah, the mirrors are all busted an' someone's cryin'
It must've been them pills I took.

[HairyMaclairy]

Regarding scenarios for adjusting your position or taking some kind of action?  I wonder what those would be.  A new bottom or something close to $3,122 might change your plan, and then I suppose if BTC prices go up too quickly, you might want to shave a bit of BTC off, too, I would think.

I might consider taking a leveraged long in 2021.  But frankly at this stage I am done with trading for the time being.*.  There is no chance of me selling and any further buys will require new money rather than recycled money, so would only dribble in at best.  


*I reserve the right to change my mind at a later date.

It is almost that you can take a break from this thread too.

Recall in the $8k arena and March/april 2018 time frame you said something very similar, but I suppose that a lot of us had already assumed that the February 2018 bottom of $6k was in, until it was not.  This time is different?  perhaps? I suppose if the bottom is really in, and BTC prices don't really go below $3,500 in the coming months, then you are going to be able to rest assured, but I suspect if BTC prices go blow $3,500 you are going to start to worry, and maybe you won't worry too much (since you already might be prepared for that), unless BTC prices go below $3,300, then it is going to begin to appear much more likely that prior support at $3,122 is going to be challenged again, and might be breached.   We will see.  We will see.

I don’t recall saying something like this in March 2018 but you may be right and I can’t be bothered going and looking so let’s just assume you are right

It doesn’t make any difference to me if the price goes as low as $3,122.  We have already been there once.  It is far more important to me to spend all my remaining fiat profits under $4k. All I care is that it starts with a $3,xxx.  A rule in trading is never hyper optimize - don’t chase the first 10% of profit in your entry and don’t chase the last 10% of profit on exit.  You will never exactly buy the bottom and never exactly sell the top.  If you try to do that (and I have tried trust me) you will just get chopped up with stops.  Sometimes you will make the perfect trade but that doesn’t make up for all the losses you take getting stopped out. 

It is far more relaxing to take a long term view and say “here is close enough, I will get on here”.   We are currently 80% down from ATH so this is close enough for an entry. 

Yes there is a chance I am wrong and have gone too early. Maybe years too early according to the “cycle lengthening gurus”.  I don’t believe their analysis but if they are right and I have badly misjudged then maybe as you suggest I will just walk away for awhile. I got caught at $700 in 2014 and walked away for two years. I know how to hold and can do it again.

On the other hand if I am right then I have been buying the bottom for the past month and that is a good thing.

[BitcoinGirl.Club]

Good evening WO brothers. How are we doing?

I am not staying long today. Have some real life issues to sort out.

Stay good.

[JayJuanGee]

85% of volume fake

https://twitter.com/TheTIEIO/status/1107671178423033858

Hello?  What is thing cryptocurrency that you talk about?

[HairyMaclairy]

Fucking lol'd:

https://www.cnbc.com/2019/03/18/cboe-to-stop-listing-bitcoin-futures-as-interest-in-crypto-trading-cools.html

Because volume hasn't been climbing.

I bet their market integrity / compliance team are shutting them down due to lack of volume.

[BitcoinGirl.Club]

Good evening WO brothers. How are we doing?

Ehm... not very good:

Crypto Exchange Bithumb to Reduce Staff By Up to 50%

https://www.coindesk.com/crypto-exchange-bithumb-slashing-staff-numbers-by-up-to-50


Currently suffering from 103 degrees fever, pray for me guys!

Hope you get well soon brother. Having fever is good in a way. It's the resistance system to kill the unexpected bacteria or virus that is trying to attack us.

Never heard of this Bithumb exchange before. Who cares if they cut down the staff even 100% LOL