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

[BTCMILLIONAIRE]

1. The waves are clearly getting longer 

There is no evidence for that.

How do I long cakes on the NYSE?

Not sure, but you should long cake bakers and short cakes. The increase in demand for cakes implies a mid to long-term increase in supply which implies an exponential down trend for the value of cakes. The cake is a bull trap.

[El duderino_]

High return activities when you're young:

* Reading
* Traveling
* Habitual exercise
* Investing
* Learning new skills

Low return activities:

* News
* Facebook
* Movies
* Video Games
* Any get rich quick scheme

https://twitter.com/jimmysong/status/1109138301817114624?s=21

Though i DO like my good portion of movies and series

[JayJuanGee]

Market updates today. The market is fully red, I think it will be green shoon. What is this actually red market or market correction?

This is nothing happening except ongoing consolidation within a range.. so in that regard, a few percentage in each direction is nothing to write home about. 

If you zoom out, it seems that the overall trend in the past few weeks is up within the range, yet such UP is taking place on a largely slow basis. 

Whether such UP will continue is another question that is yet to be answered.

[El duderino_]

Btw.....

Missing many regulars @WO 

Where are you HODLers

Just waiting it out and lurking as standard. WO always entertaining though. Holding since forever.

Good keep on with that HODL

[Toxic2040]

Good morning hodlers.


It appears our task is not yet complete as dreams of a weekend rally weaken and begin to dwindle. Mostly a sideways continuation pattern following the current trend of smallish ups and downs.

A TK crossing such as we are seeing on the hourly is usually a bullish indicator but it appears someone is taking this opportunity to sell into it.
1h


On the 4hr chart, what was once support has become resistance again. I think there is a high probability that we test support in the 0.5 fib range by late next week. #dyor
4h

#stronghands

[El duderino_]

I just published Bitcoin’s True Market Dominance


via Imgflip Meme Generator


https://medium.com/@jpthor/bitcoins-market-dominance-a9693ff604bf?_referrer=twitter

https://twitter.com/jpthor__/status/1108995693786468352?s=21

[Last of the V8s]

Majority of bitcoin trading is a hoax, new study finds
Ninety five percent of spot bitcoin trading volume is faked by unregulated exchanges, according to a study from Bitwise this week.
The firm analyzed the top 81 crypto exchanges by volume on industry site CoinMarketCap.com. They report an aggregated $6 billion in average daily bitcoin volume. The study finds that only $273 million of that is legitimate.
“People looked at cryptocurrency and said this market is a mess, that’s because they were looking at data that was manipulated,” says Matthew Hougan, global head of research at Bitwise.
https://www.cnbc.com/2019/03/22/majority-of-bitcoin-trading-is-a-hoax-new-study-finds.html

They have discovered the gunpowder.

lol
Well well well trust cnbc to pick up on that sort of fuddy old news when the real fomo news is right there. WSJ did a similar piece. That study is

https://twitter.com/BitwiseInvest/status/1109114656944209921
As part of 226 slides presented to the SEC on our ETF filing, we did a first-of-its-kind analysis of *order book data* from all 81 exchanges reporting >$1M in BTC volume on CMC. https://www.sec.gov/comments/sr-nysearca-2019-01/srnysearca201901-5164833-183434.pdf

Yes Bitwise making their case to some idiot fiat gang about their ETF.
Work continues on the bull...

[alevlaslo]

I just published Bitcoin’s True Market Dominance


via Imgflip Meme Generator


https://medium.com/@jpthor/bitcoins-market-dominance-a9693ff604bf?_referrer=twitter

https://twitter.com/jpthor__/status/1108995693786468352?s=21

BTC, XRP, ETH losing domination, the others increases

altcoins buy in connection with oversold, I think the reason for this

[Last of the V8s]

The stupid. It fascinates.

[Toxic2040]

The stupid. It fascinates.

[BitcoinGirl.Club]

BTC, XRP, ETH losing domination, the others increases

I Strikthrough the alts.

We have gone through this stories many times. Stop underestimating BTC. It's the reason all ALTs are there.

[El duderino_]

Lightning Labs just released the alpha version of a new protocol called Lightning Loop, designed to give users the ability to deposit and withdraw #bitcoin from their payment channels without closing these channels entirely. @lightning ⚡️

https://twitter.com/bitcoinmagazine/status/1108786578477010945?s=21

[El duderino_]

via Imgflip Meme Generator

https://twitter.com/simondixontwitt/status/1109139302418649093?s=21

[VB1001]

Majority of bitcoin trading is a hoax, new study finds
Ninety five percent of spot bitcoin trading volume is faked by unregulated exchanges, according to a study from Bitwise this week.
The firm analyzed the top 81 crypto exchanges by volume on industry site CoinMarketCap.com. They report an aggregated $6 billion in average daily bitcoin volume. The study finds that only $273 million of that is legitimate.
“People looked at cryptocurrency and said this market is a mess, that’s because they were looking at data that was manipulated,” says Matthew Hougan, global head of research at Bitwise.
https://www.cnbc.com/2019/03/22/majority-of-bitcoin-trading-is-a-hoax-new-study-finds.html

They have discovered the gunpowder.

lol
Well well well trust cnbc to pick up on that sort of fuddy old news when the real fomo news is right there. WSJ did a similar piece. That study is

https://twitter.com/BitwiseInvest/status/1109114656944209921
As part of 226 slides presented to the SEC on our ETF filing, we did a first-of-its-kind analysis of *order book data* from all 81 exchanges reporting >$1M in BTC volume on CMC. https://www.sec.gov/comments/sr-nysearca-2019-01/srnysearca201901-5164833-183434.pdf

Yes Bitwise making their case to some idiot fiat gang about their ETF.
Work continues on the bull...

Yes, the amount of trash published by the media is incredible and the worst is who provides the data.

[JayJuanGee]

You are missing an important point: there will be no distribution, until the Coinlab lawsuit will be sorted out, at least in the first Court.
The reason is that the Coinlab claim, of about 16 billion $, is so (ridiculously) large that it's impossible to fairly attribute voting rights.
Until then, Kobayashi may decide (he did not promise to withhold from selling) to sell more BTC and BCH, if the Court will approve.

Since last time sold almost at top we should not expect any selling in next 2 years since they obviously know what they are doing.

You know?  Kobayashi san has proven to be a pretty sharp motherfucker in retrospect.

Um, no... Kobayashi would like to sell all soon, but there was strong objection from the creditors present at the meeting.
Anyway, since the forks other than BCH won't be distributed, they will be 100% sold, probably by auctioning the keys.

BCH includes both Bcash ABC and Bcash SV?  Both of those will continue to be held by the trustee, for now?

[JimboToronto]

Good morning Bitcoinland.

The battle for $4k continues... currently $4009USD/$5378CAD (Bitcoinaverage).

How much longer before we win this fight and start properly moving up again?
____

Finally getting my work finished up. All materials have been acquired, the block and concrete electrical meter structure at the property line has been completed and the new 240V/120A 12-breaker panel installed.

The electrician is busy wiring them together and I've started measuring while my buddy has started cutting material for my newly secured windows and fire escape. My new ensuite crapper is working like a charm.

As usual, all my infrastructure improvements are getting completed at the 11th hour. Been here almost all winter and it's all just getting done now. Mexican time. LOL  

I'm booked to fly up to Toronto on Tuesday. The vernal equinox is in the books and winter is officially over. Let the baseball season begin.

[Last of the V8s]

https://twitter.com/Mounia_NL/status/1108840070788849664

[BitcoinGirl.Club]

https://twitter.com/Mounia_NL/status/1108840070788849664

What happened?
I really don't know Katy Perry event.

[Last of the V8s]

https://twitter.com/Mounia_NL/status/1108840070788849664

What happened?
I really don't know Katy Perry event.

It heralded the top of the 2015-17 bull.

[VB1001]

Bitcoin Futures Volume Is More Significant Than You Think, Bitwise Says

The bitcoin futures market is far larger, relative to the spot market, than previously thought, says Bitwise Asset Management.

Bitwise is the best  

(Ironic mode)

https://www.coindesk.com/bitcoin-futures-volume-is-more-significant-than-you-think-bitwise-says


I'm going to drink a beer and listen to some good music, I hope to see a big green dildo when I get back.

Bye.