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

[VB1001]

Bitcoin (BTC) Likely To Experience Maximum Pain Before QE4

Bitcoin (BTC) and other cryptocurrencies are still highly speculative assets. It would be unreasonable to compare Bitcoin (BTC) to digital gold at this point when it has a market cap of less than $100 billion and has been seen massive pumps and dumps. The weekly chart for BTC/USD shows that Bitcoin (BTC) is heavily overbought and is due for a sharp decline if it closes the week below the 50 week exponential moving average. Bitcoin (BTC) also has a strong correlation with the S&P (500) as we have noted many a time in some of our analyses. The last time the S&P 500 (SPX) started to decline was in September, 2018. If we look at the BTC/USD chart around that time, it was also preparing for a decline. When the S&P 500 (SPX) crashed after that, so did BTC/USD until the price declined to its 200 Week EMA and closed above it.

https://cryptodaily.co.uk/2019/04/bitcoin-likely-to-experience-maximum-pain-before-qe4

Until the end of the year, up and down.
Some see it this way.

I understand that we should account for market sentiment but that article should be pointed out for what it is.. either highly uninformed or more likely attempting to  cause a market sentiment of hesitation to buy bitcoin or to get HODLers to sell or all of their stash... seeming less and less likely without some real major negative thing happening... and I am nearly to convert from bear to bull.. except I just am waiting to see how hard our next correction comes which might really determine if the $3,122 bottom is unequivocally in.

I would like to answer yes or no, but until we reach +/-6000 and keep it, we will not be out of danger.

I like to publish the contrary opinions (FUD) you have to know what they think.

[1713458948]

1713458948

[jojo69]

lol, awesome

pic snipped from earlier link

[rdbase]

lol, awesome

pic snipped from earlier link

I knew craig wright is a clown but this is ridiculous.

[Toxic2040]

I will be honest..we have a tough road out in front of us. Bears want more cheap coins despite ample opportunity to accumulate. I think it could go either way at this point with the back of my mind saying odds favor a retrace beginning after next week slightly more than a continuation of exponential gains. Its literally a coin flip however with strong market sentiment firmly entrenched at the Bullish camp.

There are 3 more likely outcomes in my opinion.

A)  Price continues to climb after breaking resistance at $5.5k  Moving upwards to challenge the cloud and $7k+
B)  Price meets resistance at $5k to $5.5k and turns sideways into accumulation mode again, attacking the cloud from the $4ks
C)  Price meets resistance and collapses from Bull trap and plummets back under $4k

We would need a huge last quarter on the day to take us up to levels needed for a TKx on the weekly chart so odds of that are diminishing rapidly. I guess we get another week or so of "the next 24 hours are critical" or so before we find out where the market wants to be. Stay tuned and buy the dips is my advice.

#dyor
D


W

#stronghands'19

[Searing]

It sure feels like we're gaining ground at settling over $5,000 for the longterm.

For me it feels like we are going to some big changes in the market either huge bump or dump on the upcoming days.

The "up"coming days are critical.^tm

They always are aren't they? Honestly I feel a small bump to 5,300 or a bit higher and a settle down to 5050 ish or low 5100

I think that it is too early for $5k to hold, even if we gt a pump into the $6,200 to $6,500 arena, I am still thinking that we get around a 30% or more correction.. and then at that point we se how long it takes to rebound.  

If we get a more wimpy pump, like you are suggesting, then our correction might be more whimpy too.. but I cannot foresee $5k holding under any realistic scenario in the short term.

Of course, there are scenarios, like you suggest, in which $5k never gets breached again.. .but I am thinking that those kinds of scenarios are both less likely but also would become more realistic only if BTC could breach $6,500 and go at least to $7,140 or greater... which seems less likely but surely anything is possible in bitcoin... I just am averted from counting on in any kind of meaningful way (psychologically or financially) in the playing out of scenarios that are in the less likely arena.

.... and, yes,  "the next XXXXX time frame 'is critical' blah blah blah.." remains a common understanding way to to bring attention a point with a bit of flare & fun.    

I agree mainly due to mt. gox giving out btc in the next few weeks..however, that assumes that the persons that be 'dump' BTC...if not and they fell for FOMO...I could be wrong

depends on just before the mt. gox hits what some major whales speculate on and dump first or not I guess

BTC is now 5x what it was Jan 2017...so....suck it up I guess on the future

brad

[wachtwoord]

Mt Gox giving out coins in the next few weeks? What gave you that idea?

[El duderino_]

Mt Gox giving out coins in the next few weeks? What gave you that idea?

I have only been giving coins away

No wait pieces of coin

[jojo69]

Mt Gox giving out coins in the next few weeks? What gave you that idea?

yeah, Gox creditors aren't seeing shit till Q4...if then

[JL0]

Mt Gox giving out coins in the next few weeks? What gave you that idea?

Pump or Dump  

[Toxic2040]

Mt Gox giving out coins in the next few weeks? What gave you that idea?

yeah, Gox creditors aren't seeing shit till Q4...if then

+1 WOsMerit

Pump or Dump  

[Gyrsur]

lol, awesome

pic snipped from earlier link

indeed. this news message with the picture of this clown was epic in 2015. 

[HeSoCo]

[JayJuanGee]

Fireworks seemingly imminent with the $5,185 1,245 coin wall on Bitstamp. 

The next hour seems to be possibly critical...

We are only in the around 50 to 150 coins floating between current price and the $5,185 wall. 

A slim.. slim, slim coin barrier. 

EXCITTEEEEEEEEEEEE!!!!!

[LFC_Bitcoin]

Fireworks seemingly imminent with the $5,185 1,245 coin wall on Bitstamp.  

The next hour seems to be possibly critical...

We are only in the around 50 to 150 coins floating between current price and the $5,185 wall.  

A slim.. slim, slim coin barrier.  

EXCITTEEEEEEEEEEEE!!!!!

Oh fuck Jay!
I was going to have an early night (UK). Now I’m going to have to stay up price voyeuring (is that a word?)

It was Lauda?

[HeSoCo]

It was Lauda?

This explains why Lauda is so conspirational.

[Toxic2040]

re:3 day charts

'stamp+tv beta shows a good look at the three day cloud and the wide open sky above close resistance overhead. bout 3k corn up for grabs before the rockets really light off I would say. Stops at just below $4.8k still being heavily defended. A new higher high would certainly put the Bears on alert. #dyor

#stronghands'19

[Searing]

Mt Gox giving out coins in the next few weeks? What gave you that idea?

Last I heard they were released in May 2019 from the settlement.

https://bitcoinist.com/mt-gox-creditors-bitcoins-next-summer/

well, says May/June 2019 for the above. Maybe more than a few weeks I guess...but still...

Mt Gox giving out coins in the next few weeks? What gave you that idea?

yeah, Gox creditors aren't seeing shit till Q4...if then

from what I understand the folk doing the liguidating are the ones wanting this wrapped up so they can get paid and move on....so who knows...
but it has drag'd on now what 3 years?

August would be better IMHO,  we will see

[jojo69]

Mt Gox giving out coins in the next few weeks? What gave you that idea?

Last I heard they were released in May 2019 from the settlement.

https://bitcoinist.com/mt-gox-creditors-bitcoins-next-summer/

well, says May/June 2019 for the above. Maybe more than a few weeks I guess...but still...

Mt Gox giving out coins in the next few weeks? What gave you that idea?

yeah, Gox creditors aren't seeing shit till Q4...if then

from what I understand the folk doing the liguidating are the ones wanting this wrapped up so they can get paid and move on....so who knows...
but it has drag'd on now what 3 years?


August would be better IMHO,  we will see

two words

coin lab

[Biodom]

For POW "purists" out there, take a listen to Andreas Antonopoulos:

https://youtu.be/3W_3AQrQEOM?t=343

TL;DR LN looks like a POS-type system on the top of the POW system

[wachtwoord]

Mt Gox giving out coins in the next few weeks? What gave you that idea?

Last I heard they were released in May 2019 from the settlement.

https://bitcoinist.com/mt-gox-creditors-bitcoins-next-summer/

well, says May/June 2019 for the above. Maybe more than a few weeks I guess...but still...

Mt Gox giving out coins in the next few weeks? What gave you that idea?

yeah, Gox creditors aren't seeing shit till Q4...if then

from what I understand the folk doing the liguidating are the ones wanting this wrapped up so they can get paid and move on....so who knows...
but it has drag'd on now what 3 years?

August would be better IMHO,  we will see

Old news from August. Now they won't even meet again until fall.