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

[Millionero]

This is the broad view of Bitcoin . Looking at this chart, you can see how it has progressed throughout the entire history of its existence. There is absolutely no denying that it has held this rising arch (in blue) for nearly a decade. As a technical analyst, I can't deny that this arch is incredibly important to the progression of Bitcoin . Many people don't think we will return to the 3000-4000 range, and that's fine. Everyone is entitled to their opinion. However, I do believe that we will most likely return to the 3000-4000 range, and I have published a lot of technical evidence to justify my position.

Today, I'm going to share another reason why I believe that Bitcoin will return to the 3000-4000 range. First off, in every bear market Bitcoin has ever had, it has touched the bottom of the blue arch before the next bull market began. Granted, there have only been two prior bear markets. Though, each one has produced at least one touch of the bottom of the arch. Knowing this, I think there is a high probability that Bitcoin will once again return to the bottom blue arch, before entering the next bull market. From my view, that could happen at 3000 or even lower, depending on how fast BTC moves down from here. Now, I don't really think we will dip below 3000, but it is definitely possible. Especially since the bottom of the arch is still well below 3000.

The second reason I would like to present today, for why I believe that the market is going to have a nasty pullback, is the NVT . I'm not sure why, but I see a lot of people hating on this beautiful indicator. They say "oh it needs to be calibrated" and "it should only be viewed on some other time-frame than the one you're looking at" and blah blah blah. I don't care what anyone on the face of this earth has to say about the NVT . All I can see, is an indicator that has never failed. NOT ONCE! That's pretty flipping incredible if you ask me. Just look at the signals! I've extended them vertically so that you can see the reaction that price had on the chart. Literally every signal was a success. EVERY SIGNAL. Now, it's flashing a powerful sell signal. Each time we had a weekly sell signal in the past, the market fell at least to the 61.8% retrace. Currently, that's around where? Oh yeah, 4,100!! Most NVT weekly sell signals sent BTC even deeper than that. So, I think it is very realistic, from a technical perspective, that Bitcoin could fall dramatically. That's not to say that I don't think it will be enormously valuable in the future. Quite the contrary. I'm just smart enough to recognize the danger signs when they're there. Right now, I see many danger signs. Did I mention the weekly 50 EMA (in black) on this chart, which we were just rejected at? Even if we did somehow manage to get above that, there is an ENORMOUSLY POWERFUL CEILING OF RESISTANCE all around 6000! I've made my profits, and now I'm waiting for this bad boy to cool down so I can load my boat again. In the long term, Bitcoin will soar! But for now, there is more downside and sideways chop left in the market.

As you can see by the arrows on my chart, I expect that we will continue to chop sideways between the 6000 range and 3000ish for the majority of 2019, and possibly even into early 2020. I don't necessarily believe that we will see lower low, but it could happen. Particularly near October, based on cyclical market analysis that I've shared in the past. Anyway, that's my view for 2019.

I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

It sounds like he thinks the "arch" was there from the beginning.  It wasn't.
The arch is to be fitted to the price signal, not the other way around.

[Lambie Slayer]

Activate Bitfinex Bank run panic mode. 10k by Monday night.  

Regulators tried to fuck us and just pamped it on accident.


If you still have money on Bitfinex and are just too cheap to pay the spread and buy the overpriced BTC to pull out your money, well you deserve whatever happens to you for being an idiot. Get your coins off of there now!

But but but I have 0.5 ETH on there and I’m very lazy.  What can I do?

I wouldnt worry about it. I had some Bitcoin on 1broker when the FBI and CFTC seized their domains. TPTB allowed 1broker to return coins to customers and I got em back not long after. I bet if they shut Bitfinex down they let them return customer funds, since this is now the established pattern.

But.... its Tether I wouldn't want to be near bc if they decide its an illegal instrument created by criminals then perhaps you dont get those back or you get them back but they arent worth much bc USG seized the money "backing" them.

The chills this would send across the globe would leave unregulated stable coins crushed in value and possibly pump Bitcoin to high heaven, or maybe rekt it short term   I dunno. It wouldnt be the first coin the USG deemed illegal and sanctioned.

https://www.nytimes.com/2018/03/19/world/americas/trump-venezuela-sanctions-petro.html

Tether could be the next Petro. Yeah its extreme, but it could happen.

My guess is TPTB want to

A: keep the 851 million they already grabbed
B: take all the USD "backing" the Tether saying it was the proceeds of criminal enterprise
C: allow Bitfinex to return all customer Bitcoins, Tethers, and other crypto back to the customers
D: Shutter Bitfinex, seize the domains, ban the execs from ever doing financial business again, maybe a
     little jail time
E: If they cant take all the money backing Tether bc it makes them look bad and hurts the Crypto markets too much, then they settle for negotiating something like a 300 million dollar fine. (1broker paid almost a million dollar fine and Bitfinex Im guessing out my buttcrack is at least 300 times larger)

https://thetokenist.io/cftc-sticks-1pool-ltd-and-ceo-with-990000-penalty-due-to-unregistered-bitcoin-transactions/

So you end up with a situation similar to 1broker where customer Crypto funds are returned, the exchange is shut down permanently, USG hits execs with civil penalties and seizures(execs are happy not to go to gitmo for 400 yrs)

The biggest losers would be Tether holders in this situation bc they will get back their Tethers but the reserve backing Tether will go from 74 percent to 0 percent. Bitcoin will at the very least do much better than Tether in this situation.

TLDR, trade your Tethers for BTC at any price, even 20k.

[soxxx]

I wonder how those people who didnt buy at $3200 because they wanted $2500 feel right now? Could have been up 80%-90% already....now they must pray Bitcoin falls to maybe $4000.......

[jonoiv]

I could be' strong, but seems to me that the price is rising mainly because people running form finex, and other people arbitraging this as much as they can.

Anyway, the reasons doesn't matter, if the price skyrocket again I suppose a lot of new people will FOMO in soon, even without having a clue about what's going on.

People keep saying that but it shows very similar margin trading volumes, maintainace cost remains about avarage.  Not that I have any love for bitfinex, not used it for years, but there is no evidence of a run on the exchange other than the percentage difference to other exchnages.  But that has happened time and time again in the last year or so.

https://datamish.com/
Timescale can be changed in top right corner.

https://blockchainwhispers.com/bitmex-position-calculator/

[Last of the V8s]

Most USDT is held by CZ. That lot have the money to back it.
1broker was much easier to close than this lot of big boys.
If they really tried, btc would moon - Saturnian moon.
bfx ieo whitepaper coming out v soon
everything's fine (maybe some dips)

[kenzawak]

https://twitter.com/TraderScarface/status/1101747345249656832

[Last of the V8s]

German feds took Wall St dnm down

[Cryptotourist]

Btw, where tha r0ach @??

Trying out 69 with his new bitch - rebal15. Gembitz is only peeping.
Fucking retard trio.

#

Must agree that any pump is a good pump, regardless of the reason.
RIP shorters, RIP Scamfinex.

#

I wonder how those people who didnt buy at $3200 because they wanted $2500 feel right now? Could have been up 80%-90% already....now they must pray Bitcoin falls to maybe $4000.......

Ask the retard trio (see above).

#

Off to the beach.
I'll try to post a dick pic later on the weekend.

[jonoiv]

I wonder how those people who didnt buy at $3200 because they wanted $2500 feel right now? Could have been up 80%-90% already....now they must pray Bitcoin falls to maybe $4000.......

I tried to buy on localbitcoins, at 3300 as I had some spare cash and could smell the rally.  He was online and then as the trade started the price rose about $40 and he said there was a problem with his online banking service being down, and couldn't complete the transfer, and he wouldn't give me his bank details so I couldn't send the cash.   I was with the same online bank and it was working , so said I would wait -  the price continueed to rise,  in the end he was hurling all sorts of abuse at me...   telling me it's the fault of people like me why he can't make a profit  

I never got the trade and got a negative feedback for trying to buy legitimatly.   As soon as the trade timed out he was back online trying to sell at 3600.  


His username is Bartolied  

Avoid this seller!

[Last of the V8s]

Just to be clear, jono.
are you saying soxxx is Bartolied?

[ivomm]

CNN report: WO gang spotted gathering for the 100K party.

[El duderino_]

I wonder how those people who didnt buy at $3200 because they wanted $2500 feel right now? Could have been up 80%-90% already....now they must pray Bitcoin falls to maybe $4000.......

Indeed so many F***ing Tone Vays listening losers .... When people get greedy, than they will missed out its no FOMO but BGMO (because greed missed out)

[Last of the V8s]

in articles no one cares to read
https://www.finder.com.au/tether-launches-blistering-counterattack-on-false-attorney-general-report

[fillippone]

CNN report: WO gang spotted gathering for the 100K party.

I like bull markets.
It’s not about the Lambos, getting rich or anything like that.
It is because:




Joy and heart levity produces quality memes and entertaining content.

I can’t wait to hear again the obnoxious Bitcoin Song.

[El duderino_]

CNN report: WO gang spotted gathering for the 100K party.

I only see r0ach in the @the back, carrying our sh*t cause we haven't got enough space in our trunk.....

[Last of the V8s]

https://www.forbes.com/sites/michaeldelcastillo/2019/05/02/jpmorgan-blockchain-can-fix-societal-problems-in-partnership-with-microsoft/

^ my reasoned argument

[Last of the V8s]

[LFC_Bitcoin]

Is it highly likely we’ll dump on Monday or do you guys think it’s all a load of bull shit?

Asking because I’ve got some money aside to buy & wondering if it’s better to buy now/tomorrow or wait until this supppsed Bittrex/Tether court shit makes the price go down.

What a fucking idiot!

Any way, I just bought £500 worth at a higher premium than I would have if I’d just pulled the trigger yesterday.
Oh well, the end game is all the same - MOON.

[jojo69]

holyfuckingshit

a higher high...wow

[John Abraham]

How's it going bros?

Any specific reason for the growth or it's organic like the previous?

Let's have a seat for the moon, by the way.

I wonder how those people who didnt buy at $3200 because they wanted $2500 feel right now? Could have been up 80%-90% already....now they must pray Bitcoin falls to maybe $4000.......

I'm one of them, but trust me, I have no regret. No matter where you are buying, you should buy when you feel you are capable of.