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

[Toxic2040]

Gentlemen..we appear to have broken infofront.  I am going to call Phase II a resounding success.  Phase III activities to begin soonish.™

[hung58bitcoin]

Increasing BTC means money increases, but after feeling happy is a feeling of fear, if the market keeps going up like this, then really fear, fear index is high and the RSI is also high, here is a sign of the bubble market, but a bubble of a certain degree of stress will explode, so if you want this market to be sustainable, then the BTC needs to have an adjustment to balance everything. , the price must return to the average, I think this is a good time to adjust before moving on to the higher hooks

Tips for you now:

- Profit taking is never wrong

- No fomo now

- Have your own opinions and orientations, don't listen to anyone, money is yours

I think that there will be a slight correction, this adjustment is an opportunity for the brothers to put USDT back into the market, but it will not be known if they adjust to any step. In addition, if this correction occurs, it will be a chance for altcoin to become its own, make use of it to increase the number of BTC

[JayJuanGee]

Do you believe that we are going below $10k?

Wouldn't be the end of the world, you know.

We were just there 5 or 6 days ago.....

What's 5 or 6 days?  Not going to make that BIG of a difference, is it?

UP and DOWN is part of the deal.  Sure, I don't really mind either way, and I would prefer up, but if Baby BTC is not ready, then she is not ready.. We have to go through the normal market motions, no?

I don't really care much. I don't have plans to sell in this year and way are way above what I had expected. As I said we are way ahead on schedule. But, other than that, this is fine.

In the meantime I am scalping the shit out of this action... with play money though.

hahahaha

What's the difference? 


Sell or scalp? 

Of course, you are not going to sell the whole stash.. Almost none of us WO regulars play like that, except for the few radicals who seem to end up playing too BIG and getting r3ckt sooner or later.

So, yeah, if you are scalping, then you are actually taking some advantage over the near inevitable volatility, which is probably our BIGGEST guarantee in bitcoinlandia.

Regarding where we should be at currently: I would say $7k-ish would be a kind of charitable location...   and that would be close to a doubling from the upper $3ks that we were negotiating in late March.  And, currently, what are the odds of going back to $7k-ish or below... Does seem to be a bit less than 50%... maybe even in the lower 40%-ish... or even possibly lower?  and that is a kind of equity cushion in itself.

Anyhow, seems that we have a bit of a cushion from the most plausible spot that we "should" be, but shit could still happen, at least a kind of fake out that brings us back to where we "should be" or even worse.. but what are the odds?  What are the odds?  Seemingly less than 50/50, at least...

And, then again, another scenario (more bullish, of course) is that we might never go below $10k ever again... ever...

I am not going to put too many eggs in making propositions either way.. or at least not any more eggs than I have already put in through a drawn out dollar cost averaging approach.. that has gone on for me for several years (more so in 2014/2015 and some in 2016/2017).. and those eggs, at current BTC prices, seems to be floating in the area of having more than a 10x cushion of equity.

I don't claim to be like those folks who feel some kind of a need to take their principle out of their investment in order to feel better about their safety... bitcoin does not really scare me in that direction, but if we start getting below $5k or even approaching $3k again, then might have to rethink my fear level... Nonetheless, I suppose that, at some point, I might end up taking out my principle, merely because with the greater and greater passage of time, my principle does not seem to be adding up to very much, at least relative to the time that I spent nearly 2 years putting it in.. and my principle becomes a kind of "pocket change" that I no longer feel any need to "put it to work."

[cmacwuz]

[JayJuanGee]

Something really strange happened today. I came home from work, hit the treadmill, then collapsed on the couch, exhausted and dizzy. I fell into a strange trancelike state. Suddenly, the sunlight coming in my windows turned bright red, and I heard a booming, almost deafening voice:

BEHOLD! I AM KARHU!

Me: WTF is going on...

SILENCE! YOU WILL LISTEN AND OBEY.

Me: Okay...

THE BLOOD OF THE BULLS HAS SATIATED MY HUNGER. I HAVE RETURNED, AND WITH MORE POWER THAN EVER BEFORE!

AFTER YEARS OF PAIN AND DARKNESS, I WILL NOW REWARD MY FOLLOWERS WITH ALL MY GLORY AND WONDER!

BUT FIRST, YOU SHALL BEAR WITNESS TO THE THREE SIGNS:

1. AFTER HIS LONG REIGN IN THIS WORLD, THE FEROCIOUS BEAR SPIRIT SHALL SHOW HIMSELF TO YOU IN HIS LLAMA FORM ONCE AGAIN. THIS IS THE OMEN OF HIS PASSING.

Me: A bear llama?

2. A GREAT MAYOR SHALL RETURN TO HIS PEOPLE. ONLY THEN WILL YOU BE PREPARED FOR WHAT'S TO COME.

3. WHEN THE VALUE OF THE MOONCOIN REACHES TEN THOUSAND SCORE, YOU WILL MAKE A FINAL SACRIFICE TO ME.

Me: You want us to sell our bitcoin at $100,000?

NO! I NOW DEMAND BEAR BLOOD.

Me: So you want us to buy more bitcoin at $100,000? That's crazy!

YOU MUST PROVE YOUR FAITH TO KARHU. ONLY THE MOST FAITHFUL AND RIGHTEOUS COINERS WILL BE REWARDED.

DO AS I COMMAND, AND I WILL BRING MY GLORIOUS BITCOIN KINGDOM UNTO YOU! EVERY FAITHFUL COINER SHALL RECEIVE 7 NASTY, FILTHY SLUTS. FOR EVERY RIGHTEOUS COINER, THE LAMBOS AND BLOW WILL FLOW LIKE WATER.

Me: That doesn't even make any sense.

SILENCE! NOW GO FORTH, AND DELIVER MY MESSAGE TO YOUR FELLOW WALL OBSERVERS!

At that point, I must've passed out. My wife found me asleep on the couch. I'm still trying to make sense of all this...

That's fucking crazy.

I especially don't like the 7 filthy slut limit.

I would rather have a limit on Lambos and blow, and let the filthy sluts flow.... so I am a bit disappointed with these skimpy quotas of riches.

[JayJuanGee]

Increasing BTC means money increases, but after feeling happy is a feeling of fear, if the market keeps going up like this, then really fear, fear index is high and the RSI is also high, here is a sign of the bubble market, but a bubble of a certain degree of stress will explode, so if you want this market to be sustainable, then the BTC needs to have an adjustment to balance everything. , the price must return to the average, I think this is a good time to adjust before moving on to the higher hooks

Tips for you now:

- Profit taking is never wrong

- No fomo now

- Have your own opinions and orientations, don't listen to anyone, money is yours

I think that there will be a slight correction, this adjustment is an opportunity for the brothers to put USDT back into the market, but it will not be known if they adjust to any step. In addition, if this correction occurs, it will be a chance for altcoin to become its own, make use of it to increase the number of BTC

"Have your own opinions and orientations, don't listen to anyone"

I am going to take this advice.  So I have fixed the above statement in accordance with my own opinions and orientations.  Now, I feel better, and reoriented back to "normal."   

[d_eddie]

https://blockchainwhispers.com/bitmex-position-calculator/

 

Holy fuck lol

Isn't that indicator total bs? I mean, it's futures right?  Not money being borrowed, but contracts that always have an equal amount of counterparties, if I am not mistaken.

I don't have a clue how the indicator could be contrived not to compute to 1.0. Until the number providers shed some light on the voodoo, that figure can probably be safely ignored.

The closest thing to a short/long indicator on Bitmex is the relationship between the swap price and btc spot price (Stamp, Coinbase Pro and Kraken average) and its reflection on the funding rate. In bullish periods, the swap is more expensive than actual btc. In this case, funding has shorters get paid by longers; otherwise, when it's bear time and the swap is cheap, funding rate goes negative and it's longers that get paid.

[eddie13]

That's fucking crazy.

I especially don't like the 7 filthy slut limit.

I would rather have a limit on Lambos and blow, and let the filthy sluts flow.... so I am a bit disappointed with these skimpy quotas of riches.

It's ok he just missed the 2..
It's 72 filthy sluts..

[infofront]

You can always trade some lambos and btc for more sluts.

[infofront]

[xhomerx10]

[lightfoot]

Infofront:

You have not just talked to God.
You have simply ingested 50 micrograms of LSD.

Relax and enjoy the ride.

[Paashaas]

[infofront]

[Biodom]

"Men who can both be right and sit tight are uncommon." J. Livermore

BTC made it possible for a person who just "sit tight" to make a very nice return.
Almost everyone makes mistakes in trading/timing.
As long as you are bagging a 100-6000% return, don't worry about lousy timing that shaved an extra 10-20%.

[CjMapope]

it was like a whale sold out, we had a dip
then within a few hours we recovered most of it
In my streets the young people rejoice, tho im not sure its over BTC price (local grad night)

Nice to see you all happy(?) and healthy, best wishes in our latest bullrun
my 20k my 2020 prediction still on good path

[sheenshane]

HODLER's reward your self now!

Sorry for panic sellers...

[jojo69]

well

we ain't seen the mayor yet...

[hisslyness]

And the FOMO begins....

https://www.news.com.au/finance/markets/bitcoin-surges-to-17month-high-trading-at-more-than-18000/news-story/c4ef1ae0dfb18ec01ffd70993fa56ab3

[VB1001]

https://twitter.com/Pladizow/status/1143928938437259273

Good Morning WO,s

Only 18% below and we are already rising, Bitcoin is unique.
A pretty suggestive graph, we'll see how long it takes to double 12.8