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

[Ibian]

Somehow breaking 10k was more exciting than breaking 11k. 10 was a major milestone, 11 is just... another day at the office.

[1714192358]

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[LFC_Bitcoin]

Going to bed now, I love making money whilst I sleep

Good times gentlemen, good times.

Good night.

[bitserve]

double top
is over




                                                                                        /s

Can you have some little patience for gods sake??!

[_javier_]

I can only dream of a couple more weeks of bull run, and then ETF approval (or something like that).. The honey badger will fly


(typo fixed) 

[bitserve]

Somehow breaking 10k was more exciting than breaking 11k. 10 was a major milestone, 11 is just... another day at the office.

11K is not that much relevant, but breaking AYH always is.

[Raja_MBZ]

New yearly high.

[bitserve]

I can only dream of a couple more weeks of bull run, and then ETH approval (or something like that).. The honey badger will fly

I don't approve ETH. That's a shitcoin.

[soxxx]

New Yearly high in, 12k incoming?

[_javier_]

We are at Dec 3, 2017´s price... 12 days later we were at ATH.

I dont like to extrapolate situations.. 2017 was different.. but i think the ecosystem is more robust now, and it seems retail is not involved so far..

We can pass 20k easily, in a blink of an eye.. And its still 1 year to halving  

[samson]

We are at Dec 3, 2017´s price... 12 days later we were at ATH.

Based on the above we could be in the next bear market within a month.

[marcus_of_augustus]

CME will open in an hour... will be interesting to see what happens; must suck to sit on a short and not being able to get out over the weekend  

Does somebody know how the price limit works? I mean halting BTC futures trading will not get BTC price changing.
Will the be forced settlements?

here i like that:
must suck to sit on a short and not being able to get out over the weekend

not sure what you mean with how "the limit works"
when futures trading opens there will be i think gap up, instant gap up
so if shorters had close limit on 10500 and gap up instantly put price to 11000, they will close with 11000 and not with 10500...at least i think so

Good question.
Can they sell if the limit is hit? This would mean that the longs are forcefully pushed out of the contract?

Could be setting up for some major carnage at the CME that's for sure. ... bulls have got it back to the AYH right before the open too so it might spark a massive surge up on the short squeeze at the open.

When CME went live with the contract in Dec. 2017 I recall an ex-CME head or regulator warning that CME had never dealt with a truly hard asset like bitcoin and it was a real risk for it to cause major failures ... which is a joke because he was admitting that gold was not a hard asset in the way it has been papered out of existence.

Edit: meant to add that there will be a battle to get it back closer to friday's close before the open to stem the bleeding.

[JayJuanGee]

We are at Dec 3, 2017´s price... 12 days later we were at ATH.

I dont like to extrapolate situations.. 2017 was different.. but i think the ecosystem is more robust now, and it seems retail is not involved so far..

We can pass 20k easily, in a blink of an eye.. And its still 1 year to halving  

Decent points.

[_javier_]

I can only dream of a couple more weeks of bull run, and then ETH approval (or something like that).. The honey badger will fly

I don't approve ETH. That's a shitcoin.

thanks for the correction.

Its a shitcoin that i sold tons @10 usd  

Alts are BTC makers for me.

Still i like the chickun a little.

[marcus_of_augustus]

the next 11 minutes are critical 

[Arriemoller]

Good morning, WO,s ready for another assault in 11K, we will try again.

I expect the real deal to happen tomorrow after the banks open.
Will it be FOMO or it will be a dump/cash out? Will we go under 10k or to 14k?

Any "realistic" bet?

Why would a dump/crash not show until Monday? A sell is immediate, getting the cash out might take a day or two, but the sale has already been done. A buy on the other hand cant be made until the cash reaches the exchange.
So a dump would have shown already, but a pump will not show until Monday or Tuesday.

[Icygreen]

We are at Dec 3, 2017´s price... 12 days later we were at ATH.

Based on the above we could be in the next bear market within a month.

Time perception is much different now.  Bubble or are we re-entering a price discovery?

Edit: If it plays out the same I hope we dwarf the shit out of 20K first

[bitserve]

I can only dream of a couple more weeks of bull run, and then ETH approval (or something like that).. The honey badger will fly

I don't approve ETH. That's a shitcoin.

thanks for the correction.

Its a shitcoin that i sold tons @10 usd  

Alts are BTC makers for me.

Still i like the chickun a little.

Yeah, the chikun is legit. DYOR/YMMV.

[HI-TEC99]

We are at Dec 3, 2017´s price... 12 days later we were at ATH.

Based on the above we could be in the next bear market within a month.

Time perception is much different now.  Bubble or are we re-entering a price discovery?

Nobody knows. HODL.

[Colonel Panic]

CME will open in an hour... will be interesting to see what happens; must suck to sit on a short and not being able to get out over the weekend  

Does somebody know how the price limit works? I mean halting BTC futures trading will not get BTC price changing.
Will the be forced settlements?

here i like that:
must suck to sit on a short and not being able to get out over the weekend

not sure what you mean with how "the limit works"
when futures trading opens there will be i think gap up, instant gap up
so if shorters had close limit on 10500 and gap up instantly put price to 11000, they will close with 11000 and not with 10500...at least i think so

Good question.
Can they sell if the limit is hit? This would mean that the longs are forcefully pushed out of the contract?

Could be setting up for some major carnage at the CME that's for sure. ... bulls have got it back to the AYH right before the open too so it might spark a massive surge up on the short squeeze at the open.

When CME went live with the contract in Dec. 2017 I recall an ex-CME head or regulator warning that CME had never dealt with a truly hard asset like bitcoin and it was a real risk for it to cause major failures ... which is a joke because he was admitting that gold was not a hard asset in the way it has been papered out of existence.

Edit: meant to add that there will be a battle to get it back closer to friday's close before the open to stem the bleeding.

Genuine question: can you have a short squeeze in a cash-settled market? Given that the shorter's buys aren't actually fed back in to the (edit: physical) market?

[Agapios]

there was no big fuzz when futures opened (futures didnt impact bitcoin price)
but i hope it hurted a lot of bears (bears who trade bitcoin futures) when price jumped for 1000$ instantly yiha bear f..s