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

[MrFreeRoMan]

D

three outside down
bearish candlestick pattern with the following characteristics:

• The market is in an uptrend.
• The first candle is white.
• The second candle is black with a long real body that fully contains the first candle.
• The third candle is black with a close lower than the second candle.

via Imgflip Meme Generator

[JimboToronto]

I'm in Toronto today.
Couldn't find businesses that accept Bitcoin (I didn't expect to) but there are looots of Bitcoin ATMs here.
The only problem is the fees, they are very high.

You have to shop around. I've actually gotten negative fees on both buys and sells. Currently the best fees (average 4%) are at Goldium FX on Spadina near Dundas. It's an OTC operation, not an ATM, and is fully anonymous. The owner/president is a Bitcoin enthusiast.

[Toxic2040]

Attention on deck.

There will be a moment of silence to honor the fallen.  That is all.



https://www.nytimes.com/2019/05/17/business/media/grumpy-cat-dead.html

[MrFreeRoMan]

We were expecting a 30% drop for a correction.

It happened, but it lasted for only some minutes, which confirms we are still in a bull market.

The bears got out of their cave and are parading in the streets, drunk and screaming victory. Funny.

This is only the 4th time in $BTC history in which weekly RSI, MFI, and NVT have all been simultaneously overextended.
The previous 3 instances were followed by 82%, 85%, and 83% drops, respectively.
https://twitter.com/hithrowaway/status/1128391235633176576

[El duderino_]

My friend just @Glory, they still in the mix not BTC but its a start there

[El duderino_]

Boys still remember to enjoy the discount we are having

[criptix]

I'm going to make sure you guys are seated next to each other at the 100K party.  

Where you gonna put me in between??

Mic G - the Switzerland of Bitcoin.

Dammit I can’t get this one ??

I don't know how true it remains, but here stateside, Switzerland has a reputation of neutrality in war and other political matters. A neutral buffer between opposed factions.

In europe some say that switzerland is the biggest money launderer of all time, earning big cash by working together with nazis, dictators, liberals, democrats and everything in between.  

[bitebits]

This whole merit thing sucks for wall observer observers. And I got good at it over the years!

Not a bear but back in hibernation nevertheless: Theymos needs to come up with something, like new merits based on activity.

[600watt]

We were expecting a 30% drop for a correction.

It happened, but it lasted for only some minutes, which confirms we are still in a bull market.

The bears got out of their cave and are parading in the streets, drunk and screaming victory. Funny.

This is only the 4th time in $BTC history in which weekly RSI, MFI, and NVT have all been simultaneously overextended.
The previous 3 instances were followed by 82%, 85%, and 83% drops, respectively.
https://twitter.com/hithrowaway/status/1128391235633176576

[img]https://i.imgur.com/UHInimg]

imho just cherrypicked indicators. rsi isn´t even very high compared to other times.

[Toxic2040]

three outside down
bearish candlestick pattern with the following characteristics:

• The market is in an uptrend.
• The first candle is white.
• The second candle is black with a long real body that fully contains the first candle.
• The third candle is black with a close lower than the second candle.

闇は一つインチ先にある

http://www.dlinvt.com/pdf/01ucb/ultimatecandlestickbible.pdf

ymmv


--------

imho just cherrypicked indicators. rsi isn´t even very high compared to other times.

+1 WOsMerit

[Last of the V8s]

You know where you can put your candles

[MrFreeRoMan]

You know where you can put your candles

In the ass?
From the prostate!) To dick was like a stone and the money was)

PS: Candles from prostatitis

[Toxic2040]

You know where you can put your candles

[bitserve]

I am wondering... Is there anyone here with a Bitcoin value (at current price) 100x the rest of their net worth including fiat, real estate, stocks and any other assets? Maybe 10x?

I am sure there's plenty in the 1x to 5x... and way more in the 0.1-1x.

[Last of the V8s]

Su-uch a coincidence that. The NYAG rebuffed by Judge Cohen. 4 hours later Bitstamp mysteriously gets a walked down ask of 5k coins they 'can't deal with'.
Again and again the Central Banks have tried to crash Bitcoin, whether with China or Korea or Tether fud, or hacking the easy targets, or kidnapping the 'shady' businessmen. Pretending to be inept whales. All the while accumulating 'just in case'.
Again and again Bitcoin has risen back up, and further up, because more and more people realise what they stand to gain.
It's way too late to make it illegal effectively, so all they can do is rekt a few traders and slow down the buying for a while.

[bitserve]

Su-uch a coincidence that. The NYAG rebuffed by Judge Cohen. 4 hours later Bitstamp mysteriously gets a walked down ask of 5k coins they 'can't deal with'.
Again and again the Central Banks have tried to crash Bitcoin, whether with China or Korea or Tether fud, or hacking the easy targets, or kidnapping the 'shady' businessmen. Pretending to be inept whales. All the while accumulating 'just in case'.
Again and again Bitcoin has risen back up, and further up, because more and more people realise what they stand to gain.
It's way too late to make it illegal effectively, so all they can do is rekt a few traders and slow down the buying for a while.

It would be WAY more effective to make it ilegal. But I do agree that any time that is being harder to justify. Rekting traders is futile in the medium/long term. Of course they could implement enough regulations as to severely hurt it though. That will always be one of the implicit risks. Otherwise this would be just free money instead of an investment.

[BitcoinGirl.Club]

Observing $7,096
Damn nearly a $K down from yesterday!

[bitserve]

Observing $7,096
Damn nearly a $K down from yesterday!

Or $1K higher.... depends on how you want to view it.

[BitcoinGirl.Club]

via Imgflip Meme Generator

$7,096? 🤪

Observing $7,096
Damn nearly a $K down from yesterday!

Or $1K higher.... depends on how you want to view it.

Compared to yesterday it's definitely $1K down but compared to last week it $1K higher of course 🙂

[bitserve]

I mean it was $6200 some hours ago (yesterday, in some countries) ... so $1K higher already