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

[JayJuanGee]

Maybe all we need to get past this resistance is a tipping over of the shorts/longs ratio.

I do find it a bit ironic that in the past week, the BTC price on the vast majority of exchanges just kind of synchronized, removing almost all arbitrage opportunities.

For so long they were out of synch, including getting up to $8k-ish.. then all of a sudden they are synchronized.

I am not sure, exactly what it means.  Perhaps some of the drama that caused the out-of-synchness was "overblown" and has been resolved in the eyes of the market.

I do recognize that we have had a whole hell of a lot of periods in which exchanges are out of synch and then  they become in synch and then they are out of synch again.  So, sometimes we do have to exercise some forbearance in attributing too much meaning to any one indicator.

By the way, only 8 more hours before the weekly candle closes, and she doesn't seem willing to turn green.  We would hav to get to a bit above $8,200 for this week's candle to close green

[1713483777]

1713483777

[BitcoinGirl.Club]

Got your back

Thanks MIc
I wanted to merit Bob too but I was asking other for your post 🤪

[LFC_Bitcoin]

Just wondering have you ever need to use it?

Never had to use it, but there was one situation where I had to make a motion towards my sidearm and command someone "Stay right where you are and don't come any closer" to stave off a situation from possibly escalating to something worse than it could have been.

Was top-down in my baby, and another brother was approaching me on foot, with ill-intent on the face.

I hope I never, EVER, have to legitimately brandish it in defense of myself or another.

Only time I’ve ever used real guns was in Vegas. I fired rounds from a Glock, a couple of automatics & a massive sniper rifle (I’m from the UK, I don’t know my guns).

I really enjoyed it tbh. If I was a US citizen I’d definitely carry & join a shooting range or something.

I think it empowers you, firing a gun.

[hodl_2015]

Stay safe and clean, HOLDers !

Don't know what to make of "black head eraser scrub". It sounds like something Michael Jackson would use.

[xhomerx10]

Just wondering have you ever need to use it?

Never had to use it, but there was one situation where I had to make a motion towards my sidearm and command someone "Stay right where you are and don't come any closer" to stave off a situation from possibly escalating to something worse than it could have been.

Was top-down in my baby, and another brother was approaching me on foot, with ill-intent on the face.

I hope I never, EVER, have to legitimately brandish it in defense of myself or another.

 I thought he was referring to the 96 hour sweat blocker.  Damn!

[MrFreeRoMan]

I've used a lot of weapons in my life! But most of all I liked AK - 47 and M-16!)

All types of weapons that I used ...


in a counter strike

[DireWolfM14]

Good Morning, Bitcoinlandia.

Just got back from running around grocery shopping with Rick, and remember; personal hygiene and personal safety are very important to any HODLing regimen.

Stay safe and clean, HOLDers !

Attaboy!  1911 stubby, cocked and locked.  The man means business.

Is that a Springfield Armory?

But most of all I liked AK - 47 and M-16!)

That's because I don't see an M14 on your list.  

[JayJuanGee]

I can offer Monero  https://www.youtube.com/watch?v=K33PoKM7vOM

Not a shitcoin though  :p

I mean it's a higher tier of shitcoin but still a shitcoin.

It is a shitcoin indeed. Please, lets not discuss its "merits" in here lest I have to stab somebody.

Exactamente!!!!

Who gives any ratts' asses how high on the hierarchy various shit coins are, they are not relevant to this topic.

Have folks here heard about bitcoin or do we just have food bloggers here?    There are lot's of things in bitcoin and going on in bitcoin, and regularly, zillions of threads out there in the interwebs that are continuously generating information related to bitcoin - sometimes incorrect, but still, we should have mine field of bitcoin information - and sometimes merely debunking myths should be enough to keep peeps here busy.   

[JSRAW]

Good afternoon WO legends (I don't mean the rank) 🙂

Observing @ $7,998
Waiting for $10K

@JSRAW the WO historian, what have I missed 🤪

you were here during 24 I suppose? anyway

1.Hueristic finds gembits amusing. #Metoo
2.Mic went to Vegan resto, his birthday coming. happy birthday in advance dood.
3.Sirazimuth has some gas issue whenever he-she try beans.
4.BitcoinNewsMagazine loves Indian food , then Sirazimuth,lightfoot joins.
4.I, Me, Myself -telling everyone India is heaven for Vegan and veg.
5.realr0ach as usual -Jews fucked me-
6.Not a single sarcastic comment from V8 and JOJO so far.
7.No Long posts? JJG
8.600watt's point of view on early buyer's stash scenario
9.kenzawak smells bad after eating Indian food-his personal experience and could be 100% true-
10.Beer competition everyone joins in.
11.I came to know Fillippone is Italian. he and nutildah both sounds intelligent, they talk about things which i don't understand-
12.No comment for Bob, he's got gun -zips-

That's it for now. I am using phone and at GF's house - I am her family's driver for tonight- the things we do for love

[BTCMILLIONAIRE]

OT: Coming at ya from the "omg-really-you-don't-say" department.  

The stock market would be much lower if it weren’t for companies buying back their own shares
https://www.cnbc.com/2019/05/25/the-stock-market-would-be-much-lower-if-it-werent-for-companies-buying-back-their-own-shares.html

Well to be fair a majority of every day stock buyers have zero fucking clue how the market works.

This hinges on the premise that the lack in demand through buy-backs would not lead to an increased demand due to the lower prices.

Article sounds like FUD aimed to further stress that "the stock market is due for a correction".

Wonder how much of this apparent incompetence in "research" and reporting is coordinated.

[DireWolfM14]

Kimber.

Of course it is, I should have guessed you wouldn't settle for any thing less than top notch.  The sights would have given that away, but...

Here's my colt officer's model.  This would be the gun I would carry if I lived in Free America instead of Commifornia.




Yeah, I have a thing for 1911s, and colts, and WWII history.  It's a dangerous combination.

[BitcoinGirl.Club]

you were here during 24 I suppose? anyway

1.Hueristic finds gembits amusing. #Metoo
2.Mic went to Vegan resto, his birthday coming. happy birthday in advance dood.
3.Sirazimuth has some gas issue whenever he-she try beans.
4.BitcoinNewsMagazine loves Indian food , then Sirazimuth,lightfoot joins.
4.I, Me, Myself -telling everyone India is heaven for Vegan and veg.
5.realr0ach as usual -Jews fucked me-
6.Not a single sarcastic comment from V8 and JOJO so far.
7.No Long posts? JJG
8.600watt's point of view on early buyer's stash scenario
9.kenzawak smells bad after eating Indian food-his personal experience and could be 100% true-
10.Beer competition everyone joins in.
11.I came to know Fillippone is Italian. he and nutildah both sounds intelligent, they talk about things which i don't understand-
12.No comment for Bob, he's got gun -zips-

That's it for now. I am using phone and at GF's house - I am her family's driver for tonight- the things we do for love

See I knew I was calling the right guy. 🤪 Thanks

I was out for more than 24 hours I think. Busy in real life for last few day.

By the way, aren't you the guy - your GF's father is police?

Beer competition everyone joins in.

Who won 😝

[BitcoinGirl.Club]

Kimber.

Of course it is, I should have guessed you wouldn't settle for any thing less than top notch.  The sights would have given that away, but...

Here's my colt officer's model.  This would be the gun I would carry if I lived in Free America instead of Commifornia.




Yeah, I have a thing for 1911s, and colts, and WWII history.  It's a dangerous combination.

[JSRAW]

See I knew I was calling the right guy. 🤪 Thanks

I was out for more than 24 hours I think. Busy in real life for last few day.

By the way, aren't you the guy - your GF's father is police?

Beer competition everyone joins in.

Who won 😝

Yeah

And Beer companies won -free advertisement-

[Retina]

Image 1

What is the real value of Bitcoin from your point of view? Is it above 8000.00 level? Is it below 8000.00 level? Please, share your ideas in the comments.
Why do I ask you such a question? The main reason is to show you the possible difference between the real value and the current price. How it will be, we will know in your comments.

The situation, when there is a difference between the real value and the current price, can give us understanding in which direction the market will move. Also, the difference between these two values can lead us to a new bubble, the price which is not supported by fundamental factors. In order to understand my idea, please, look at 2017 year, when we got a typical bubble probably after the breakout above 5000.00 level. The market was supported only by hype and by the uneducated crowd of traders pushing the market higher and higher to 20 000 level. The real value at that time was lower than the current price. The fundamental factors did not support the market and it dropped a lot in some time. That falling was an attempt to move back to the real value which was based on fundamental factors and included all news about the market. And the level like 3000.00 could become the zone where the real value of Bitcoin at that moment and the current price met each other.

All bubbles lead to great fallings. And not always it can be good for the market. What I can see now, it looks like we have a new attempt to create a new bubble, where the real value of Bitcoin will be lower than the current price supported by the uneducated crowd of traders, manipulators, and new hype.

That's why it will be interesting to get your opinion about the real value of Bitcoin to understand better, how far we are from creating a new bubble. Let's discuss!

As for Technical Analysis based on the weekly chart, we have a strong uptrend where the market continues the impulse wave. The main question stays the same - when does the market start the correction? Now it is a good time for making mistakes and opening long positions without waiting for the correction movement. But also nobody wants to miss the opportunity to make some profit.

RSI reached the overbought zone. If the price bounces from 8000.00 resistance, RSI will be able to provide a good signal confirming the possible price reversal. MACD lines and histogram support the further upward movement and DMI confirms the strength of buyers. As you can see, we still have bullish signals confirming the upward movement in spite of the market which looks overbought.

Will the price bounce from 8000.00 or it will be able to reach 10 000.00 before the correction? We will see and for better understanding, we need to wait for the close price of this weekly candle. If we get a reversal candlestick pattern, the variant with the correction will be supported by one more bearish signal. If not, the market becomes crazier and we should not be surprised if it continues the upward movement to 10 000 level.

But will it be good for the market and all the participants? It is a very interesting question for discussion.

Image 2

Source 1: https://www.tradingview.com/chart/BTCUSD/kMqyxRAV-Bitcoin-What-Is-The-Real-Value-of-The-King/
Source 2: https://www.tradingview.com/chart/BTCUSD/oiP5h7Ze-BTCUSD-Sell/

[Retina]

Kimber.

Of course it is, I should have guessed you wouldn't settle for any thing less than top notch.  The sights would have given that away, but...

Here's my colt officer's model.  This would be the gun I would carry if I lived in Free America instead of Commifornia.




Yeah, I have a thing for 1911s, and colts, and WWII history.  It's a dangerous combination.

Another black model Gun but I have no Gun.

[kenzawak]

I thought some of you might be interested, there's a few spots left :
[FREE Raffle] 1 x ManzCoin Lit #91 Physical Crypto Coin
https://bitcointalk.org/index.php?topic=5147543.0

[kenzawak]

9.kenzawak smells bad

Thanks, you're a true friend.

[Last of the V8s]

I thought some of you might be interested, there's a few spots left :
[FREE Raffle] 1 x ManzCoin Lit #91 Physical Crypto Coin
https://bitcointalk.org/index.php?topic=5147543.0

ghey

[Retina]

I thought some of you might be interested, there's a few spots left :
[FREE Raffle] 1 x ManzCoin Lit #91 Physical Crypto Coin
https://bitcointalk.org/index.php?topic=5147543.0

I think it is a pgysical coin, it is free or charges something?