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

[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.

[1714042139]

1714042139

[1714042139]

1714042139

[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.

[illyiller]

Bears attempting another selloff. It would look like a double top if successful, but the dump isn't getting too far from the looks of it. The daily candle will close a doji at this rate.

Anyone think this is the top?

[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.

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

+1 WOsMerit

I probably should just say it rains all the time and is miserable..   

Truth of the matter is I have been all over the world and I live in this area for a reason. A couple of hours driving and you have 4 distinct climates that are unique and support diverse wildlife. Aside for questionable plate tectonics it is darn near perfect imho. If it gets over 85F I need shade and a body of water to dunk into plus a cold one or two. 

[JayJuanGee]

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.

You could be losing credibility if you were to embrace that bearmarket theme too much, Majormax.  When people speculate about pie in the sky scenarios and happenings that have very low probability of playing out, then that is NOT a "good observation."  So, in that regard, I appreciate your assessment that this is a bit of an uncertain situation rather than something that is flipflopping between bear market to bull market to bear market.

Markets, including bitcoin, don't just switch back and forth from bear to bull to bear without a bit of reason for it.

Yeah, of course, if this market gets too overheated, then we have decent chances to experience a large and perhaps drawn out correction, but that still would not signify that we immediately transitioned back into a "bear market".. just makes no sense....

NOW if such a BTC price correction were to take us below $5k and even stay prolonged for 6 months or more, then that would be another story regarding whether the more accurate assessment would be that we actually would have transitioned back into a bear market...

In other words, if bear wannabes, have not gotten the memo (you seem to recognize this fact), we are currently in a bull market until circumstances justify changing the label, so even if we get a bit too overheated in our current UP, that would not mean that we are all of a sudden, again, transitioned into a "bear market."  Otherwise, I agree with you assessment that we are in a bit of a strange territory, at the moment, but since when have we ever expected bitcoin to act within TA parameters of mature markets, when BTC's market is no where near mature, and there is also a bit of a exponential adoption s-curve that can account for some of the irrationality towards the upside that might actually allow buy support to keep up with some of these seemingly outrageous and ongoing upwards price moves.

[JayJuanGee]

Bears attempting another selloff. It would look like a double top if successful, but the dump isn't getting too far from the looks of it. The daily candle will close a doji at this rate.

Anyone think this is the top?

People have been saying this since $5k, so you are not really saying anything new when you assert that "this looks like the top" for real this time.   

[yefi]

Anyone think this is the top?

On what time scale? The week, maybe. The year, not at all.