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

[Olegya199]

They stole our meme!

I think they're just gonna have to pay compensation with products now!

[LFC_Bitcoin]

They stole our meme!

I think they're just gonna have to pay compensation with products now!

Yeah JJG will be fuming. He’s got donuts to do!

[bitserve]

I know which of those two assets I’d rather have

I will probably buy a 1Kg bar when I can do it with one BTC because of... "historical" reasons. That's all about it for me.

[JayJuanGee]

next resistance at 5700

Fuck your stupid-ass charts.  I am going to assert (without charts) that the next resistance is in the $6,200 to $6,500 arena (I know it is a broad range, but I can do what I like)... and I believe it will be difficult to get above that without a battle or at least some kind of meaningful correction.. but what the fuck do I know?   

[mindrust]

Fuck your stupid-ass charts.  I am going to assert (without charts) that the next resistance is in the $6,200 to $6,500 arena (I know it is a broad range, but I can do what I like)... and I believe it will be difficult to get above that without a battle or at least some kind of meaningful correction.. but what the fuck do I know?   

At least he stopped posting bcash charts.

I don't have any problems with him as long as he doesn't promote bcash here.

He has the right to be bearish.

I win whether if it is bearish or bullish. I got bets on either side.

If it goes down below $3k tomorrow all I'm gonna see more future profits. Being a bear is part of the game too.

[Majormax]

Is this the calm after the storm now? I wouldn’t mind a period of 3-4 months in this range. Low volatility is good for bitcoin. Average Joe doesn’t want to buy when the price is up & down like a yoyo.

I’d be cool with low volatility until June/July or something before the next leg up to $ 6,000 or something.

Anybody agree?

I do.

It's too soon for FOMO. We need consolidation. That's only achieved with TIME.

Spot on.  Time is as important as price.

The next vital level will be the low of the next drop.  Cannot yet see where the short term top and reverse will come in, but it will probably start within a few days.

The strongest scenario would be a drop in volatility over the next few weeks, followed by a small dump to test support.  $5-6k is realistic for year end, but that is a long way off and a lot of price action will go under the bridge in the meantime.

It is still early days .

[bitserve]

^ WTF? Nice catch RAJA!

[Gyrsur]

I win whether if it is bearish or bullish. I got bets on either side.

If it goes down below $3k tomorrow all I'm gonna see more future profits. Being a bear is part of the game too.

this is called a hedge trade. a hedge trade is usefull to protect against losses.

but you have to cancel the hedge trade before you can make profit.  

[katrinmi]

BTC rocket cancelled, putting the dildo back in the pocket... Bull Market Warning still remains in effect.

Dildo run 😛

Now, now, give he some spinach, and the situation will be corrected

I don't know how this has affected today's growth. But once again I am convinced that I have the gift of prediction.

[JayJuanGee]

Main Source : Last of the V8s

https://giphy.com/gifs/cat-money-cash-ND6xkVPaj8tHO

Look at that stash of $1s... who wouldn't want that for going to the strip joints?      It's 1/3 of the formula.. hookers, blow and lambos. 

[Majormax]

I don't think that we're going to have low volatility in the short term. I've got a feeling that bitcoin is in the mood of making alts super-rekt and getting an increase in overall market dominance, by first dumping again (to somewhat like ~$4400) and then pumping again (to somewhat like ~$5100).

Alts are generally stronger than BTC on this rally.  That is actually good news because it is a change in phase. The bear phase of the last year or so may have changed.

Too early to call a bull phase, but the probabilities are a bit better than 3 months ago.

[JayJuanGee]

Am I already awake?

Exactly what i thought

I was like,

I don't think this kind of pump with no reason is very healthy... It means it can do the same in the opposite direction.
+ SEC and CFTC don't like that

Who gives any shits about the SEC and CFTC?

[katrinmi]

I'd like to see a survey on the subject. I wonder how many people think the bullran has already started?

[JayJuanGee]

There is never a reason. For anything. You get used to it.

So it means BTC is still a risky asset and not suitable for institutional investments  

It means there is money to be made. If it was safe it would not be worth investing in.

Yep... it appears that still the current BTC framework is largely retail rather than investment grade, and in the past two years, many financial institutions have been building various ways, studying the space and attempting to figure out "safe" ways to get in..

They hesitate.  They hesitate.  They hesitate... even while some of them are dipping in, still largely at a kind of retail level.  Interesting times to come, when some of those bigger institutional players actually begin to become "more comfortable."

 We should not give any shits whether they enter or not, because bitcoin is likely to go to the moon with them or without them, but their entry will likely exacerbate a preexisting condition.

Go bitcoin.  Go.

[hodl_2015]

Can't believe this guy!
https://twitter.com/elonmusk
Twitter handle hacked or what?!?

Don't think it is hacked, he has been trolling with twitter and twitter profiles for years.
Elon knows a thing or two about crypto (see also answers on what money Mars will use) but claims to currently not own any.
(all total speculation below:)
In fact, I think he doesn't have any cash at all, except for some fund for his children that hopefully isn't in his own name.
Except from some toys and pocket cash everything is invested in his companies, then borrowed against his shares and invested that too. He is in well over 100% trying to remain the largest shareholder, and I think that is the right move with his work/home balance. TSLA stock is almost as much fun as BTC and the only stock I own. About 25% of tesla stock is currently shorted, in my opinion without good reason, so it will be fun to watch how that pans out. But stock is totally boring in weekends, that is what I have the BTC for.

[Ov3R]

So Bart get´s Boring over Time . What about Mona lisa 

[Toxic2040]

What line did you draw? The daily 200 SMA is at 4600 ...

Your probably looking at a simple moving average and what I was showing is a smoothed moving average..that is all. I apologize for any confusion.

[JayJuanGee]

anyway i might take some profit on my trading stash
at 5450

No problema.

You go ahead, kind sir.*


* I understand that "sir" is a term of endearment that trolls tend to make, especially those from India.  I am not from India, yet I assure you, kindly, that "sir" still does seem to fit... hahahahaha.

[P_Shep]

Can't believe this guy!
https://twitter.com/elonmusk
Twitter handle hacked or what?!?

Don't think it is hacked, he has been trolling with twitter and twitter profiles for years.
Elon knows a thing or two about crypto (see also answers on what money Mars will use) but claims to currently not own any.
(all total speculation below:)
In fact, I think he doesn't have any cash at all, except for some fund for his children that hopefully isn't in his own name.
Except from some toys and pocket cash everything is invested in his companies, then borrowed against his shares and invested that too. He is in well over 100% trying to remain the largest shareholder, and I think that is the right move with his work/home balance. TSLA stock is almost as much fun as BTC and the only stock I own. About 25% of tesla stock is currently shorted, in my opinion without good reason, so it will be fun to watch how that pans out. But stock is totally boring in weekends, that is what I have the BTC for.

I bet it his pocket cash is worth way more than my crypto is.

[Last of the V8s]

sir your mother if you want sir