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

[TheJuice]

Last of the V8s moving a part of his stash (and scaring us):

Doubt this would get dumped on the open market. They want to pump the open market and then sell to institutions.

[Retina]

More Evidence For Bitcoin To EXPLODE Toward My Target!



Yesterday I showed you why I believe that we could be heading to the 13500 level. Today, I'm going to show you why that could happen in a matter of days, or just a few weeks. If we look at "Move A," you can see that it has two distinct peaks, and then a hard rally that follows. That rally was 83.16%. At the time, I thought that move A would most likely roll over into a head and shoulders pattern, but that turned out to be incorrect. Now, I see that there is a similarity, between what move A looked like, and what Move B is looking like. Move B also has two distinct peaks, followed by what appears to be the beginning stages of a powerful rally higher.

Here is the insanely interesting part. If we look at the percentage gain from the low after the second peak of Move A, to the peak of Move B, we can see that it was about 83%. If we take see a similar rally (based on the similarity of the pattern, it takes us EXACTLY to the 61.8% retrace at 13,500, which is the target for the downtrend channel breakout that I posted about on the last analysis. Oh yeah, did I mention that it's also an 83% rise? It all looks good on paper, but nothing is certain. Bitcoin could crash and burn tomorrow for all we know. However, based on the data on the charts, I see a very real possibility that we could explode higher, particularly if BTC starts to trade above the 9100 high from May 30th. That's actually the condition that this analysis is based on. Obviously, we have to surpass that overhead resistance, for the market to start moving in the direction projected by this analysis. If we don't surpass 9100, then we obviously aren't going to 13500. Furthermore, there are several big resistance levels before 13500, and any one of them could act as resistance — particularly up to 10000.

With that said, it is extremely likely that if we surpass 10000, BTC is going to absolutely RIP higher. There are virtually no sell orders above 10K. The sky is the limit from there, but I think a rally above 10K will likely be capped off around 13500. At that point, the NVT will probably initiate a nuclear core meltdown in Bitcoin . But let's take it one step at a time. For now, support is being held above the downtrend channel . Price is rallying higher. We are staying above the EMA ribbon. The NVT has retreated from the sell signal. Momentum is beginning to curl up on the ADX and DI . Money flow is increasing, and the MACD has printed a bullish crossover. The stars are aligning for a really big move here, and the technicals say that it's going to be to the upside.

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.***

-JD-

Source: https://www.tradingview.com/chart/BTCUSD/0Ctr4B0v-More-Evidence-For-Bitcoin-To-EXPLODE-Toward-My-Target/

[HI-TEC99]

Good evening Observers

I hope you all had a excellent Fathers Day and reached out to family and friends. I sure did, a beautiful breakfast with french toast, garden fresh quiche and mimosas...glorious.

Feeling truly blessed.

I had a greasy fry up breakfast.

[bitserve]

No signs of FOMO yet. This is fine.

[Dabs]

I don't even need to go over the rest of your points because ...

He can't debate beyond saying the same words over and over and expecting a different response.

Exter's pyramid is outdated and defunct. He lived in a different era than today.

[Hueristic]

Still over 9k?

What alternate universe is this?

[bitserve]

Still over 9k?

What alternate universe is this?

The one in which you spilled your coffee and started a butterfly effect that ended with BTC breaking $9K and holding it.

[GreatArkansas]

Look at the weekly chart, similar to what happened around November 2017.
Also on the RSI are almost the same.

[Syke]

Still over 9k?

What alternate universe is this?

We're in the 7th universe now.

[VB1001]

A very discreet car to use it daily and that transmits good feeling is the Audi RS4. (Avant, better for me)

The B4 RS4 2.7T Avant was a beast for the day.  I never got into the V8 version. Not even sure what is under the hood now?

If the 2.7T was a good car, the power delivery was a bit abrupt.

Here some data from B7 and B9:

RS4 (B7)
V8
4.200c.c. (Atmospheric, no turbo)
420 HP / 309 / kW
0/100 Km/h 4.8s
1650 Kg.
Full Traction

Last version:

RS4 (B9)
V6
2.900c.c Biturbo
450 HP / 331 / kW
0/100 Km/h 4.1s
1790 Kg.
Full Traction

[nanobtc]

Congrats to all who hodl.  I understand the fun of existing images from your childhood, that may include numbers, that we can recycle here?

Perhaps I am just too old, but when Vegeta/Dragonball Z stuff was happening? I was long out into the workforce, no cartoons for me. In bad times, my record in that era was 104 hours of work, in one week.

Vegeta first appears in chapter #204 Sayonara, Son Goku (さようなら孫悟空 Sayōnara Son Gokū), published in Weekly Shōnen Jump magazine on November 7, 1988 I first heard of Vegeta here, have not yet watched any video.

In 1988? I had been online for seven years, owning my own equipment, no school or parent help.

Harrumph.

[criptix]

Weekly closed with a bullish engulfing, im expecting more green this week, atleast touching 10k.

My vote for 9000-9250 for todays close seems to be pretty good so far

[MERlT]

Weekly closed with a bullish engulfing, im expecting more green this week, atleast touching 10k.

My vote for 9000-9250 for todays close seems to be pretty good so far

"DITTO"

[Retina]

Weekly closed with a bullish engulfing, im expecting more green this week, atleast touching 10k.

My vote for 9000-9250 for todays close seems to be pretty good so far

Yah, i hope that $9500 hit this day up to Nigh.  Nice day move up.   

[ivomm]

I just realized that for a week we had 25% raise from $7500 to $9390. And this is in the middle of the 'dead' summer period. 339 days to the halving and the best is yet to come! 

[toknormal]

There are virtually no sell orders above 10K....

Don't worry.

There'll be plenty by the time the price approaches that level.

[mindrust]

I wonder where the fuck is Tyler, Tone and Leah right now. These retards caused lots of harm among their followers.

Do you guys remember the post I made back in the day where they were discussing if the bottom is in?

Naysayers were: Tyler and Tone ($1k incoming group)
Haysayers were: Puell, WillyWoo, Tuur (*I may forgot a name or two or three)

I guess it is better to know who our real friends are now and who are lying trolls. What if those naysayers were buying while telling the others to wait so they could buy more? That would double their scam.

[LFC_Bitcoin]

Weekly closed with a bullish engulfing, im expecting more green this week, atleast touching 10k.

My vote for 9000-9250 for todays close seems to be pretty good so far

I voted for - $7,751-$8,000, I was way out
Would be amazing if we were to hit $10,000 this week, obviously I’m selling nothing at that kind of price.

When I went to sleep last night we were sub $9,000. Delighted to wake up & see us over $9,000 once again.

[machasm]

I wonder where the fuck is Tyler, Tone and Leah right now. These retards caused lots of harm among their followers.

Do you guys remember the post I made back in the day where they were discussing if the bottom is in?

Naysayers were: Tyler and Tone ($1k incoming group)
Haysayers were: Puell, WillyWoo, Tuur (*I may forgot a name or two or three)

I guess it is better to know who our real friends are now and who are lying trolls. What if those naysayers were buying while telling the others to wait so they could buy more? That would double their scam.

Or maybe they just don't know any better than the rest of us?

[GreatArkansas]

Weekly closed with a bullish engulfing, im expecting more green this week, atleast touching 10k.

My vote for 9000-9250 for todays close seems to be pretty good so far

I voted for - $7,751-$8,000, I was way out
Would be amazing if we were to hit $10,000 this week, obviously I’m selling nothing at that kind of price.

When I went to sleep last night we were sub $9,000. Delighted to wake up & see us over $9,000 once again.

I'm $10,000 for this week  . Once we can break $9,400-$9,600. Easy up to $10,000 - $10,000. Especially the facebook libra coin is also this week, that news could be the trigger for Bitcoin  

Can you sleep again now and let's see how the price move?