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

[Majormax]

Bitcoin moves up and down as a ladder-pattern. Once again, Bitcoin fastly moves above $8000 after its correction to below $7000 days ago. What's next station for bitcoin during this bull run? I guess that in best scenario, when bitcoin gets enough support and momentum, it might moves up around 20 percent from its current price. That means bitcoin might reach somewhere around $9600 or even higher a little bit. Retest the resistance around $10000, why not?

$8600 is the tipping point of the see saw ... if we break through $8600 we can easily see $10K. If we can't push through $8600 I think a retest of $6000 is looking likely.

My own view is that the recent action has now defined a new and firm trading range  .. $6200 to $8400. The price could range in there for some time. That would be a positive development for longer term consolidation.

[Ipwich]

Bitcoin moves up and down as a ladder-pattern. Once again, Bitcoin fastly moves above $8000 after its correction to below $7000 days ago. What's next station for bitcoin during this bull run? I guess that in best scenario, when bitcoin gets enough support and momentum, it might moves up around 20 percent from its current price. That means bitcoin might reach somewhere around $9600 or even higher a little bit. Retest the resistance around $10000, why not?

$8600 is the tipping point of the see saw ... if we break through $8600 we can easily see $10K. If we can't push through $8600 I think a retest of $6000 is looking likely.

Then let us re-try today

We will and we shall see. It's hard mission but once we succeeded, this might bring us to the moon.

According to this guy - https://twitter.com/fundstrat/status/1127368266496630784, FOMO will start at $10,000.

[Wexlike]

Why would I hate women?  I don't even hate black people or jews.  If a racoon gets into your garbage, you don't hate the raccoon.  Similarly, if one is aware of the predatory nature of the female, or the likelihood of a random colored person to steal your bicycle or try to kill you for no reason, it's pretty much the same thing.  You just recognize the problem, adapt and overcome.

Wait, so by that logic are you saying that we shouldn't hate you either? That we should just accept you for a retarded self hating jewish Nazi who's parents were brother and sister who just got too close to each other one night, and who can't stop parroting that BTC is somehow not decentralized because no girl would touch you? Thus we should just adapt and overcome that by just ignoring you? That's the deepest thing i've ever heard you say roach

This just made my day xD

[HairyMaclairy]

A scorpion asks a frog to carry it across a river. The frog hesitates, afraid of being stung by the scorpion, but the scorpion argues that if it did that, they would both drown. The frog considers this argument sensible and agrees to transport the scorpion. The scorpion climbs onto the frog's back and the frog begins to swim, but midway across the river, the scorpion stings the frog, dooming them both. The dying frog asks the scorpion why it stung the frog, to which the scorpion replies "I couldn't help it. It's in my nature."

[VB1001]

The next wave isn't your grandma. It's institutions and pension funds.
The wave after that also isn't your grandma. It's central banks and governments.
I don't think old people will ever enter Bitcoin en masse.

https://twitter.com/jimmysong/status/1130298125388832768

So is.

[realr0ach]

The release of Facebook coin from Mark Suckaberg will probably be the beginning of all the dystopian features of craptocurrency.  They'll do stuff like pass legislation where it's illegal to have a wallet receive address that isn't tied to your ID or biometric data (i.e. ones run by the big tech monopolies like Google and Facebook hosting them).  Then the whole thing is Paypal 2.0.  

https://www.zerohedge.com/news/2019-05-19/facebook-registers-new-fintech-firm-switzerland

I sort of enjoy the fact that there's no way possible for craptocurrencies to avoid complete govt control (unlike metals), so it's 100% inevitable the govt will turn them into an Orwellian nightmare.  Then nobody will willingly use them and I'll no longer have to hear herds of morons try to claim imaginary, valueless, digital shitcoins are somehow better than metals when they're complete garbage.

[NeuroticFish]

Who cares as long aw we get rich from it?

So all you want is to die happy that your kids can enjoy your riches?
I'd prefer to enjoy myself an easy life, the longer the better. So for me it matters "how long". Can you blame me?

[rhomelmabini]

https://twitter.com/jchervinsky/status/1130209159503319040

There's no real hopium for ETF, SEC approval are just for moonboys and when they does I guess the capitulation already started. What you think about it?

[gentlemand]

https://twitter.com/jchervinsky/status/1130209159503319040

There's no real hopium for ETF, SEC approval are just for moonboys and when they does I guess the capitulation already started. What you think about it?

No one gives a shit about ETFs at present and no one's hanging on any decision. None of this price action has anything to do with that. At this point denials are inevitable. They'll come and go with barely a squeak. That's old hat.

An approval will be many years away, if ever.

[Last of the V8s]

Longs v shorts is a pretty blunt metric.
You need to know the usd value of said positions and where they came in.
You also need to know the flash funding rates, which really drives the price on Bitfinex.
eg rn people earning a lot of usd by lending...

[ivomm]

https://twitter.com/jchervinsky/status/1130209159503319040

There's no real hopium for ETF, SEC approval are just for moonboys and when they does I guess the capitulation already started. What you think about it?

The market recently has matured and such news doesn't change anything. In fact, more traders realize that such news trigger short lived bull balloons that pop up pretty quickly.  Without ETF, we will see a steady growth beyond 20K. We entered the year-before-the-halving-accumulation zone and everyone who is clever enough, buys and waits at least six  months after the halving. That is the reason there are so few bitcoins on the exchanges in the last months. IMO, this is the main reason for the bull run and not some rumors.

[Paashaas]

ETH 2.0, Bitconnect 2.0...

They really don't know how to reinvent the wheel of scams isn't it?

[rhomelmabini]

The market recently has matured and such news doesn't change anything. In fact, more traders realize that such news trigger short lived bull balloons that pop up pretty quickly.  Without ETF, we will see a steady growth beyond 20K. We entered the year-before-the-halving-accumulation zone and everyone who is clever enough, buys and waits at least six  months after the halving. That is the reason there are so few bitcoins on the exchanges in the last months. IMO, this is the main reason for the bull run and not some rumors.

You got it, even if they do I guess there's no drastic change will be made as people are now enlightened on that fact. Fairly say bulls are not into the arena by now but they are aware in its presence by the time it enters the show will be good to watch.

[d_eddie]

eg rn people earning a lot of usd by lending...

... specifically, by being short.

Actually the funding rate on bitmex isn't that high right now.
Specifically, it's 0.0336%. Expected value for next 8-hour period: 0.0265%. It's capped at something like +/- 0.35%.
When it changes sign and goes negative, it's shorts that pay longs.

[serveria.com]

Who cares as long aw we get rich from it?

So all you want is to die happy that your kids can enjoy your riches?
I'd prefer to enjoy myself an easy life, the longer the better. So for me it matters "how long". Can you blame me?

I guess you've got the message wrong. What he was trying to say is we don't care what will happen to governments and nocoiners as we're bound to get filthy rich.    

[Last of the V8s]

https://twitter.com/LucasNuzzi/status/1130213030107713536

[UnDerDoG81]

I have $34k hard earned savings on my bank Account. I was thinking to buy ETH with it just 1 1/2 months ago but decided to go the safe bet and leave it on the bank. If I dont touch that money for 3 months, I get a whooping insane amount of $200 pay rent  

To be more honest, I did not buy ETH is, I found it too complicated. Creating an exchange account is a pain in the ass.

[serveria.com]

https://twitter.com/jchervinsky/status/1130209159503319040

There's no real hopium for ETF, SEC approval are just for moonboys and when they does I guess the capitulation already started. What you think about it?

The market recently has matured and such news doesn't change anything. In fact, more traders realize that such news trigger short lived bull balloons that pop up pretty quickly.  Without ETF, we will see a steady growth beyond 20K. We entered the year-before-the-halving-accumulation zone and everyone who is clever enough, buys and waits at least six  months after the halving. That is the reason there are so few bitcoins on the exchanges in the last months. IMO, this is the main reason for the bull run and not some rumors.

In this case you can buy now and hold till Q4 then sell at $20k+ (I'm sure we'll see an ATH this year) which will be a very nice profit. If you're patient enough you can hold up to 6 months after the halving and sell at another ATH ($100-500k+ per BTC). So you can't really lose it's only a matter of how long you're willing to wait and how much money you will finally receive. Win-win     

[ivomm]

https://twitter.com/jchervinsky/status/1130209159503319040

There's no real hopium for ETF, SEC approval are just for moonboys and when they does I guess the capitulation already started. What you think about it?

The market recently has matured and such news doesn't change anything. In fact, more traders realize that such news trigger short lived bull balloons that pop up pretty quickly.  Without ETF, we will see a steady growth beyond 20K. We entered the year-before-the-halving-accumulation zone and everyone who is clever enough, buys and waits at least six  months after the halving. That is the reason there are so few bitcoins on the exchanges in the last months. IMO, this is the main reason for the bull run and not some rumors.

In this case you can buy now and hold till Q4 then sell at $20k+ (I'm sure we'll see an ATH this year) which will be a very nice profit. If you're patient enough you can hold up to 6 months after the halving and sell at another ATH ($100-500k+ per BTC). So you can't really lose it's only a matter of how long you're willing to wait and how much money you will finally receive. Win-win     

I bought in 2017 and hodling firm! I continue to buy with saved salary every month.

[PaivanTreidi]

https://twitter.com/jchervinsky/status/1130209159503319040

There's no real hopium for ETF, SEC approval are just for moonboys and when they does I guess the capitulation already started. What you think about it?

The market recently has matured and such news doesn't change anything. In fact, more traders realize that such news trigger short lived bull balloons that pop up pretty quickly.  Without ETF, we will see a steady growth beyond 20K. We entered the year-before-the-halving-accumulation zone and everyone who is clever enough, buys and waits at least six  months after the halving. That is the reason there are so few bitcoins on the exchanges in the last months. IMO, this is the main reason for the bull run and not some rumors.

In this case you can buy now and hold till Q4 then sell at $20k+ (I'm sure we'll see an ATH this year) which will be a very nice profit. If you're patient enough you can hold up to 6 months after the halving and sell at another ATH ($100-500k+ per BTC). So you can't really lose it's only a matter of how long you're willing to wait and how much money you will finally receive. Win-win     

I don't get it
Why is everyone aiming to sell for FIAT? If and when crypto does go sky high late in 2020 then why would you turn to something that is losing its value? It just doesn't make sense. Either you believe that BTC will rule or you don't.

I'm just looking forward to the day (ca 2025) I can quit my job and buy a big summerhouse next to a lake for 0.1BTC.