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

[VB1001]

If we do not fall the next station is 8400.

[Ipwich]

And we finally bounce back again, this run is so fast, it could go to as high as $8 .
I'm gonna sleep later but I'm sure with so much excitement now, it will give me a hard time to sleep.

[Last of the V8s]

If we do not fall the next station is 8400.

what means 'fall'?
is it an altcoin feature?

[ivomm]

BAKKT on the news:

https://www.coindesk.com/bakkt-sets-july-test-date-for-bitcoin-futures

Bitcoin futures exchange Bakkt announced it was moving forward with its plan to launch physically-settled bitcoin futures products Monday.

Don't know if it Bullish or Bearish, but adding fuel to the rockets just because i read BAKKT on the title!

Seriously though, has bakkt done anything yet?

It seems that getting this custody licence is a formality and then there will be no need for CFTC approval, because of the self-certification rule. Once such regular markets are operational, there will be no excuse for SEC but to approve the first Bitcoin ETF. Institutions are pushing to enter, because they see what is happening now. But it is better to let them in after we pass 10K. The estimated institutional $100bln invesments are welcome on the road to 100K$. Anyway, we are going there with or without them.

https://cointelegraph.com/news/ice-pushes-for-bakkt-bitcoin-custody-license-cftc-approval-imminent

ICE, the operator of the New York Stock Exchange (NYSE), recently acquired a cryptocurrency custodial service and are mulling plans to register Bakkt as a licensed trust in the state of New York.
If successful, these latest moves would see Bakkt become a registered bitcoin (BTC) custody platform. Recent reports also indicate that the company is in partnership with Bank of New York (BNY) Mellon for the storage of cryptocurrency security keys.
....
Given the recent announcements and acquisitions, it appears Bakkt is trying to rectify these issues by pushing for self-certification as a cryptocurrency custodian.

[Icygreen]

Very nice,  just now sticking our nose through 7.5 k.  I'm ready for rockets!

OT but may be useful for those with large monitors.  I found a chrome extension that toggles the screen to dark mode on the forum and most everywhere else. https://mybrowseraddon.com/dark-mode.html.  Can't believe I've not found this sooner.  

Choo Choo MF's,  slicing through 4,5,6 and now 7k like butter!

[VB1001]

If we do not fall the next station is 8400.

what means 'fall'?
is it an altcoin feature?

V8, if we do not go down like yesterday to +/- 7000 and start climbing again, we go to 8400.

My English is crap, I know.

[Phil_S]

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[ssmc2]

What double top lollll

Gooooooo BTC

[egyptian magician]

WHAT HAPPENING?!?!?

[Wolf Rainer]

500 BTC sell wall at $7700 on BitStamp.  

EATED!!!

[Last of the V8s]

If we do not fall the next station is 8400.

what means 'fall'?
is it an altcoin feature?

V8, if we do not go down like yesterday to +/- 7000 and start climbing again, we go to 8400.

My English is crap, I know.

it's not about your english
bitcoin unlikely to fall
altcoins fall
never mind lol
but yes i like 82-84

[soxxx]

We are in a bull market. GG Bears, but you have lost, and lost control.

[El duderino_]

I saw breaking news today that Ebay accepting crypto.

- No Joke -

It wasn't "news". It was a random tweet with a picture of a bunch of boxes.

Your a fucking troll

Toknormal is not a well-informed optimist which makes him obviously a pessimist.

Or tokabnormal?

[JayJuanGee]

But why is that finex whale making it so obvious he's selling so much?

There's some kind of "fuckery" going on there today. Another whale has completely crashed the BTC swap rates by posting 4k (3k & 1K) at about a hundrerth of the recent level. As if begging bears to take more shorts...

It's not a Finex whale.  It's finex.   They buy on Bitstamp where it's lower volume but high influence, push the price beyond finex to get the sheep to buyl the walls on finex and get shorters to close or to get margin calls if they can.  

It's pretty obvious.  They will go as high as they can before the natural price resumes and the price crashes.


They have all the data on what possitions are held and can thake calculated risks on how high they can pump the price an other exchanges will follow before a crash.  But it will crash hard sooner or later.  

You are making decent points here, jonoiv, except for what seems to me to be a kind of embedded drama in your characterization style... 

In other words, your "crash hard" word choice seems to imply a kind of unnecessary doom and gloom, when in reality we are really just anticipating BTC market realities, no?

Don't we regularly get 30% or more price corrections with bitcoin, and even if such a correction might go AS BIG AS 50%, then isn't that just within a "normal" kind of expectation within bitcoin?  In other words, why you choose to use so much drama in your word choices?

By the way, I am going to be shocked as fuck if BTC prices go above $10k before experiencing our expected 30% plus price correction, but I am NOT going to proclaim that such outrageous BTC price performance is some kind of abnormality, but instead that the BTC price has shot beyond any reasonable expectations, which frequently (historical past practice) is what bitcoin has done.. to punish the fuck out of peeps betting in the opposite direction of the momentum.

[Cryptotourist]

[MrFreeRoMan]

running to 8200!

[gembitz]

timberrrrrrr    8k falling

[Cryptotourist]

 €7000  

[Phil_S]

[hotpassion]

I think btc will be over 8k when I get up tomorrow morning. Go to bed now and it's already 7880. FOMO will start soon ha ha...