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

[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

[Majormax]

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.

That is a very good observation. The exponential rise we are in at present is just the sort of move that ends a bull run, and starts a long bear market.

However, comparisons with Dec 2017 are invalid for a number of reasons.

My own observation is that the medium-term chart looks strange compared with 2015-6. Price has significantly deviated from the nice steady early stage bull market of the first few months of the year, and now resembles a late-stage bull run. However, that is not to say that there couldn't be other developments.

That makes for a greater unpredictability.

[Majormax]

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.

Its a shitcoin that i sold tons @10 usd  

If you sold a lot at $10, when did you buy them originally ? $10 was an early stage price. 

[Agapios]

they opened at 10925 and their prior settle was at 9980

[bkbirge]

Looks like 11k is the new 10k.

[_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.

If you sold a lot at $10, why did you buy them originally ? $10 was an early stage price.

I mined many ETH blocks.. Ahh memories of the AMD 7950s humming in the garage...

[_javier_]

they opened at 10925 and their prior settle was at 9980

Yup, damn CME futures. "They" needed that wick.

CME.. Bashing BTC since 2017

[Majormax]

I mined many ETH blocks.. Ahh memories of the AMD 7950s humming in the garage...

Ah, OK. In that case , Well Done !  It is of course difficult to time these things.

[jbreher]

Don't forget: the drones are coming.

You have been warned.

huh? amazon drones?

Interesting revelation from MoneroKon today. Thought it would fit in the weekly crypto recap.

I can't really spend the time to go into it right now. But for a teaser, you could just ask yourself what Astral AR could possibly have to do with mining.

[cryptjh]

During last bull uptrend & currently, there has been a pattern of at least 5 weeks of green before next major pullback.
This is only the 2nd week since last major pullback.
https://twitter.com/Josh_Rager/status/1142395864452931584

[El duderino_]

Bitcoin sneaks up on people who think they can time the market.



https://twitter.com/bitstein/status/1142057447512612864

Or is that r0ach on that floor??

[El duderino_]

^
Its that time

[Toxic2040]

Good afternoon all

Hope everyone got out and blew the stink off yourselves. I sure did, the upper Methow is stunning right now even if still wet and cold.


--------
bitcoin

A new yearly high at $11,247.62 has been observed with consolidation taking place currently at around $10.8k
Substantial support appears to be developing above the 0.5 long fib at $10,414.5
Continued GAINZ are forecast until at least the end of the month with consolidation and accumulation zones appearing around the 4th of July holiday.
#dyor
1h


4h


D

#stronghands'19

[vapourminer]

Don't forget: the drones are coming.

You have been warned.

huh? amazon drones?

maybe he means this
https://www.altcoinbuzz.io/crypto-news/product-release/astral-ar-and-core-scientific-partners-to-integrate-monero-mining-software-on-safety-drones/
https://www.youtube.com/watch?v=jl1w6VDEWq4 LIVE at MoneroKon 2019! w/ Leah LaSalla of Astral AR on lifesaving drones that mine XMR!

oh, core scientific...

https://www.altcoinbuzz.io/crypto-news/product-release/astral-ar-and-core-scientific-partners-to-integrate-monero-mining-software-on-safety-drones/

Core Scientific’s CTO, Kristy-Leigh Minehan

Kristy-Leigh Minehan, the woman who managed to screw a lot of people by walking away and abandoning her company, mineority,  leaving behind unpaid employees, unfinished projects, broken promises, "misplaced" ethereum (and/or holding it instead of selling it as needed for operations). the "ohgodagirl" of "ohgodacompany" who screwed over squirrelsresearch and its customers.

yup. what could go wrong?

full disclosure: im a customer of squirrelsresearch.

[Biodom]

Good afternoon all

Hope everyone got out and blew the stink off yourselves. I sure did, the upper Methow is stunning right now even if still wet and cold.

Lucky dog (re location). It's hard to do when it is 93F around here.
Maybe will visit WA or OR toward the end of the summer, though.
Never been there, it looks very nice.
https://www.vrbo.com/722563

[estenity]

they opened at 10925 and their prior settle was at 9980

Yup, damn CME futures. "They" needed that wick.

CME.. Bashing BTC since 2017

discontinuous bashing versus continuous market, so surprises may happen.