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

[rafanadal]

1 year 3 months since we last saw 5 digits, is tonight the night?

[lightfoot]

Just spent the evening out on a 100 foot yacht, and what makes me really smile is 9775 on stamp

[realr0ach]

Try thinking happy thoughts r0ach

Metals are breaking out.  I haven't been this happy since the Nazis liberated France.

[xhomerx10]

<-- MicG's 10k hat

Anybody want to help him out?  Pick one

[realr0ach]

Actually, calling it a "metals breakout" wouldn't be accurate since any idiot can tell it's PPT riggers slowly massaging the price upwards because they couldn't contain it anymore, otherwise silver would be moving much much faster instead of both metals going up the same percent so far.

[GreatArkansas]

https://i.imgur.com/DCiSUQ0.png  <-- MicG's 10k hat

Anybody want to help him out?  Pick one

https://i.imgur.com/1xmpvvn.png  https://i.imgur.com/DIl3QhQ.png https://i.imgur.com/R6bVqzU.png https://i.imgur.com/ArxpxJY.png  https://i.imgur.com/ksMTRqI.png https://i.imgur.com/uWwyQdL.png

This one has dope color, this is much better for me.

[Toxic2040]

go baby go!

Very well.





#btd's
1h


4h

#cryptouplift

[jonoiv]

go baby go!

Very well.





#btd's
1h


4h

#cryptouplift
[/quote

I don't know of any other instrument where traders will put that much effort into maintaining the price $666. Is $666 bullish or goatish?

I do like goatish The pull to $666 is kind of weird, I think its been the stickiest point on the charts so far and that's become a trend but the first few times around it screamed of manipulation. $13 had an awful lot of pull too but if it was just the draw of a well know figure then $69 would also have been a sticking point (as would the 8's on the Chinese exchanges). It strongly suggests someone taking advantage of superstition, the kind of someone that believes the Christian god is on their side and is unaware those figures will be more inclined to stir interest from younger generations than to dissuade them, I'm thinking knights of templar and the holy wars here. Pure tinfoil but some sort of explanation is needed for the amount of funds expended on maintaining that figure.

I'm leaning towards confirmation bias - you look for the price to approach 666 since it seems significant, but don't notice if it hovers around some other number much more reliably.

That said, the idea some practitioner of The Art somewhere might have been an early adopter and is now using the wealth gained for ritual purposes - or as a joke, if there's a difference - makes about as much sense to me as the whale conspiracy theories that get thrown around here.

you call it confirmation bias, I just see human nature.

also, new charts.



I stupidly hit refresh so I had to re-draw the lines, huobi bottom line is much more aggressive in this set, looks most likely to be broken. also bitstamp still the hardest to draw.

btc-e still charts like a champ! 

[soxxx]

The sellers are drying up, lot of long term investors that won't sell until we see 6 digits.

Pretty much validated by the UTXO chart which shows long term hodl is back to 2015 levels: https://plot.ly/~unchained/37/bitcoin-utxo-age-distribution/#/

Good, between this, the halving, the normalization of crypto, the price will surge to unprecedented levels because the demand will be through the roof and the bitcoin available for sale will be very small quantity.

[infofront]

Actually, calling it a "metals breakout" wouldn't be accurate since any idiot can tell it's PPT riggers slowly massaging the price upwards because they couldn't contain it anymore, otherwise silver would be moving much much faster instead of both metals going up the same percent so far.

*yawn*
Bitcoin is up 300% for the year. Let me know when your analog Bitcoin can compete with that.

[jonoiv]

Actually, calling it a "metals breakout" wouldn't be accurate since any idiot can tell it's PPT riggers slowly massaging the price upwards because they couldn't contain it anymore, otherwise silver would be moving much much faster instead of both metals going up the same percent so far.

*yawn*
Bitcoin is up 300% for the year. Let me know when your analog Bitcoin can compete with that.

calm down adam

[jojo69]

Well,

I, for one, think that 3100 was a nice healthy pullback, things were getting a trifle overheated there at 20K.

With that out of the way we return you to your regularly scheduled march toward global reserve currency.

[soxxx]

We are now 11 months away from the halving. Dread it, run from it.......destiny still arrives

[jonoiv]

We are now 11 months away from the halving. Dread it, run from it.......destiny still arrives

the dream is still alive... live it until an italian guy called fibo sucks your cock


cock at 10060

[JayJuanGee]

JayJuanGee, your friend Anonymint made a Twitter account and now there's holocausts everywhere.  What do you have to say for yourself?

nothing to do with me.. You just trying to find any kind of hook to post your off-topic drivel?

[Syke]

Bitcoin's hash rate is at all time highs.

In the last 5 years, it has grown at a 4x faster rate than Bitcoin's price.

Since Bitcoin's 2015 bottom of ~$175, BTC price has increased 50-fold.

Over this same time period, hash rate has increased 200-fold.

Miners gonna mine.

[d_eddie]

(rephrase of his general theory about rigged markets - not the "single entity bitfinex" routine)

(a few numbers about future performance of metals)

(copy/paste from recent post)

Might be completely ironic like a twitter parody account possibly

Indeed. He might even be a middle class, well educated jew.


On the horizon
we see 10k. Oh, and Roach...?
Don't copy, don't paste.

[d_eddie]

Thusrday up the F***
JJG must, when tattoo Mr freeman?
Never stop playing!

Ehhmmm, in the practice phase a few duds are to be expected.

In other (non)words,

[olseh]

10k Tonight? Go!

The next twenty-four hours are absolutely critical.

No matter how many times I read this, it still brings me laughter

[VB1001]

Every day a little higher, good morning WO,s

We will probably touch 10000, sit in your hands and HODL !!!!!

- We removed all outside market data dependencies! All of our market data now comes from our own internal reference rates and price feeds. This means that we have Bitcoin data going back to 2010 now

See for example USD transaction value from inception

https://twitter.com/nic__carter/status/1141398100541693952

https://coinmetrics.io/charts/#assets=btc_roll=7_left=adjustedTxVolume_zoom=1279324800000,1560816000000