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

[bitserve]

I think I can now safely predict we are going to close this weekly candle on the green.

Y so reckless?

Calculated risk, yo

#YOLO

I mean... holy fuck!!!!

We were pretty certain to get green this week, but look where we ended up.

We have 6 weekly candles in a row that were very modest (averaging less than $100 per candle), and then all of a sudden, we get a seventh candle (in that streak) that is up $1,000.  In my humble bumble opinion, next week is going to be more difficult to get a greenie... we will see, we will see.  Way too early in this week to be predicting what will happen by the time we reach the end of this week.

Yup, next week candle could be anything (even either a $1000 pump or dump... or some sideways). Good thing is a red candle (as long is it is above support) would not break the (at least temporary) bullish trend. We will see. This is fine.

Personally, I could give a ratt's ass about where the support is exactly, and I would assert that a red candle at the end of this week would be fine, acceptable and reasonably bullish, as long as it is within the territory in which we started this pump..... which is $4,200-ish, and even likely better if it stays above and closes above $4,200-ish.

As you may notice, sometimes, I get a bit aggressive towards lines on a chart... unless they happen to fall in a framework that resonates with my range bound framework.   

4.2K would be too low unless it strongly rebounds there. If we can keep $4800, a golden cross would be due in around a couple of weeks, which could be very bullish.

Of course, Bitcoin will do whatever he feels like. As always.

[bitserve]

I am a hodler.

Repent sinner...thou must uncapitulate forthwith and remain so hence forth!

I will un"capitulate" in due to time!

Things are looking fine though.... We will see...

[rdbase]

Bitcoin (price) will never stop to amaze me. Good thing I am mostly a hodler and don't really try to "outsmart" it... Just some scalping here and there to bank on its volatility.

"One just cant out smart the chosen one."
from bitcoin and friends

Where did all these buys come from? BTC price is at $5333+ now!

[Toxic2040]

I will un"capitulate" in due to time!

Things are looking fine though.... We will see...

[HairyMaclairy]

All hell going to break loose if we make a higher high?

[eddie13]

All hell going to break loose if we make a higher high?

We did..
Now to shake out the weak hands for a bit..

[HairyMaclairy]

Ready, aim ....

[Toxic2040]

re: all hell breaking loose

yes full stop the great Cookie Monster of 2019 is arriving full stop carry on full stop

[JayJuanGee]

I think I can now safely predict we are going to close this weekly candle on the green.

Y so reckless?

Calculated risk, yo

#YOLO

I mean... holy fuck!!!!

We were pretty certain to get green this week, but look where we ended up.

We have 6 weekly candles in a row that were very modest (averaging less than $100 per candle), and then all of a sudden, we get a seventh candle (in that streak) that is up $1,000.  In my humble bumble opinion, next week is going to be more difficult to get a greenie... we will see, we will see.  Way too early in this week to be predicting what will happen by the time we reach the end of this week.

Yup, next week candle could be anything (even either a $1000 pump or dump... or some sideways). Good thing is a red candle (as long is it is above support) would not break the (at least temporary) bullish trend. We will see. This is fine.

Personally, I could give a ratt's ass about where the support is exactly, and I would assert that a red candle at the end of this week would be fine, acceptable and reasonably bullish, as long as it is within the territory in which we started this pump..... which is $4,200-ish, and even likely better if it stays above and closes above $4,200-ish.

As you may notice, sometimes, I get a bit aggressive towards lines on a chart... unless they happen to fall in a framework that resonates with my range bound framework.   

4.2K would be too low unless it strongly rebounds there. If we can keep $4800, a golden cross would be due in around a couple of weeks, which could be very bullish.

Of course, Bitcoin will do whatever he feels like. As always.

I thought that I was being fairly conservative with my $4.2k, and I would be willing to go even lower and still stay confident that we are on a great trajectory for transitioning into a undeniable bull market.

For the sake of argument, let's just presume that $4.2k is my pessimism threshold and $4.8k is your pessimism threshold, then we are only in disagreement about the significance of a $600 in price.

I will concede that if price stays above $4,800 for the next week or even two weeks, that would be a pretty decent sign for transitioning into bullishness, and might even cause me to start to label the market as such.

Currently, I just would not want to set myself up for disappointment because I believe that it is just not very likely to hold $4,800 for a week or two, unless the price shoots additionally up from here into the $6,200 to $6,500 range.. then it would become more feasible, in my thinking, that $4,800 could hold.  I understand that some peeps in this thread are beginning to think about $7k and even supra $7k, and I just ain't ready to go there yet in my thinking without considering that a decent correction in the 30% plus arena ain't going to happen first. 

So the current upper end of my BTC price expectations in this run is in about $6,500, and if we look at a run to $6,500, then a correction of at least 30% from $6,500 would still bring us down to $4,550, so even with my giving various benefits of the doubt, I really believe that it is too pie in the sky to NOT get back down to $4,550-ish at some point in the coming week or two...

I, both, have no problem being wrong nor would a waive any right to adjust my thinking based on significantly material changes in our current price performance that seems to continue with decent upwards price pressures.  Anyone who asserts that times are currently boring in bitcoin deserves to be banned from bitcointalk.. or at least suspended from posting for a few weeks... 

TLDR:  in other words, the next two weeks are critical.^tm

[JayJuanGee]

I am a hodler.

Repent sinner...thou must uncapitulate forthwith and remain so hence forth!

I will un"capitulate" in due to time!

Things are looking fine though.... We will see...

Great.  That is good newses!!!!

At least you are no longer looking at either drowning yourself in the nearest river nor placing yourself inside of a cupboard with chocolate all over your face.  

In the WO thread, our motto here is to save regular and active participants one at a time, but only when such active and regular participants are ready, willing and able to save themselves.  

[jojo69]

a higher high

lawd have mercy

[DaRude]

Blah blah blah larger block blah blah

You have bcash and bsv with larger blocks, go there you have options. What part of we don't want larger blocks is so hard to comprehend

Yeah, I get it. But some here seem utterly oblivious to the consequences thereof.

And you feel that you grasp full consequences of bcash and bsv and their unlimited blocks that you're shilling? You're just trying to exploit novices by highlighting some of the challenges that BTC is working on solving in an attempt to steer them into your shitcoins that put a bandaid on it and claim that it solves everything.

[Hueristic]

Just watch, we'll be stuck at 6502 soon enough.....

$6420

Shit nice to take a few days off and come back to this!

[Lambie Slayer]

I know people are worried about Roach and Gemtits so I went and checked on them today at the nocoiner homeless shelter. They are of course broken people but at least they have food and a bed to sleep together on, just no wifi right now. 

I told them its not too late to get jobs and buy coins and I gave them copies of the Bitcoin Standard. Maybe they will come around, who knows. Tards are gonna be tarded, sometimes thats just how it is.

[Biodom]

A bat from whatever...
2022 they said...2021 they said...
I say...it is the spring of 2013 all over again (by the looks of it).
Expect the unexpected (as far as where it might go).

[DaRude]

I know people are worried about Roach and Gemtits so I went and checked on them today at the nocoiner homeless shelter. They are of course broken people but at least they have food and a bed to sleep together on, just no wifi right now. 

I told them its not too late to get jobs and buy coins and I gave them copies of the Bitcoin Standard. Maybe they will come around, who knows. Tards are gonna be tarded, sometimes thats just how it is.

Did you get their blood types? You know just for the record

[Lambie Slayer]

I know people are worried about Roach and Gemtits so I went and checked on them today at the nocoiner homeless shelter. They are of course broken people but at least they have food and a bed to sleep together on, just no wifi right now.  

I told them its not too late to get jobs and buy coins and I gave them copies of the Bitcoin Standard. Maybe they will come around, who knows. Tards are gonna be tarded, sometimes thats just how it is.

Did you get their blood types? You know just for the record

I planned on it, but they were so malnourished from living on the streets that I didn't want to risk their health taking any blood. Hopefully they get their strength back soon. The good people at Hundred Nights Homeless Shelter will feed them well now, then we can get their blood samples later. They take Bitcoin donations so I sent them some coin so our Bear friends could be sure to have enough food and blankets.

If anyone else wants to help, every satoshi is appreciated.
http://hundrednightsinc.org/help-us/support/#crypto

[HairyMaclairy]

Everybody discussing walls and prices ... bear shows up and shit dumps a bunch of bcash shitposts 

Moi?

In what way is discussing the limitations inherent in the condition of persistently full blocks relevant to Bitcoin Cash? It ain't. Neither BCH nor SV have any concern about the negative effects of persistently full blocks.

Nay, it is BTC that need to contend with such a condition. These are BTC posts.

[Hueristic]

Welp the adrenaline rush from the spike has worn off, gotta crash.

[VB1001]

https://twitter.com/CRYPTOTYTAN/status/1114724729120645120

Good morning, WO,s

BTCitcoin worked well tonight.



https://twitter.com/RosaRyyti/status/1114918727877832704

This is organic growth.