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

[Hueristic]

You feeling a little safer Elwar?

Getting better. Nadia and I got married and we're moving on with our lives.

Great news!

Shit I can't keep up here at all lately.

https://twitter.com/GeorgeBruno/status/1146853754458857472

Name a movie you've seen more than five times

Shawshank Redemption is my best choice. For understanding the key word of the film, I read the book Different.Seasons which the film is based on.
I know the patience is very very very important, especially as a small btcholder.

Monty Python and the Holy Grail
Terminator
Highlamder
Bladerunner
Road Warrior
Lock stock and 2 smoking Barrels
Matrix
Doom
Fight Club
Lord of the Rings
IronMan

Well thats about all I remember.

Yes sir But then middle on 2018 had few lower support zone Bitcoin $2800, $2600, $2400, $2200... but not break down $3000 the going Up.

We are not in mid-2018 anymore. 

Have you looked at the BTC price chart, recently?

Snap out of it Negotiation.

You have this one on speedial. 

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[Saint-loup]

This dip should go no lower than about $10,690, based on a bounce off the 30 MA daily.

So for you we can break the 11k ?  
Does anyone understand why BTC is currently so volatile? What's the reason for all these pump&dumps?  

[HairyMaclairy]

Does anyone understand why BTC is currently so volatile? What's the reason of all these pump&dumps?  

This is Bitcoin.

Additionally, bitcoin, as an asset, has one weakness: it is too darn volatile for something that has above 200 bil market cap, just look at the last two weeks..

The market cap of the SP500 is 24 trillion and it declined 24% between 1 October and Christmas day

/fucksnotgiven

[Hueristic]

This dip should go no lower than about $10,690.  

Something "interesting" happened to the "fork".
it suddenly declined 20%.

Additionally, bitcoin, as an asset, has one weakness: it is too darn volatile for something that has above 200 bil market cap, just look at the last two weeks..

1BTC==1BTC, Fiat is too volatile!

Yes...or are you still using the mouse that came in the Holstein motif Gateway box that your Pentium III came in?

I resemble that remark. I have moved up/down to the IBM Model M keyboard. Buckling spring clacker. Run it through the dishwasher a couple of times a decade as needed.

More info here: https://en.wikipedia.org/wiki/Model_M_keyboard

I used that one (had a big pile) with AT-ps/2 adapter until a few years (wow decade now that I think about it) that I've needed a cordless. I miss hitting enter one the end and not having the keyboard tip, those things were lethal weapons.

[jonoiv]

This dip should go no lower than about $10,690. 

Something "interesting" happened to the "fork".
it suddenly declined 20%.

Additionally, bitcoin, as an asset, has one weakness: it is too darn volatile for something that has above 200 bil market cap, just look at the last two weeks..

1BTC==1BTC, Fiat is too volatile!

But until 99% of goods n sevices are pegged to bitcoin...

$1 will still more or less buy you the same tomorrow.

[Negotiation]

So for you we can break the 11k ?  
Does anyone understand why BTC is currently so volatile? What's the reason for all these pump&dumps?  

I think bitcoin is currently caught in a falling wedge formation which is a bullish pattern, when BTC price breaks out I think it will be to the upside with targets around 12k to 12.6k. We still need to hit top of wedge and get a retrace before there is confirmation that we are in a descending wedge but something to watch out for. I think we will bottom around $9500 and then we will shoot up between July 4th and July 6th, so pay attention to those dates. I think once we reach 12.5k we will top out then start our slow descent downward before we have our next major capitulation in early August. I also go over current price action, short term and long term and show when and how high the peak of our next bull run will be.

Video source: https://www.youtube.com/watch?v=fVAyN7Dprsk

Edited.

[Biodom]

Does anyone understand why BTC is currently so volatile? What's the reason of all these pump&dumps?  

This is Bitcoin.

Additionally, bitcoin, as an asset, has one weakness: it is too darn volatile for something that has above 200 bil market cap, just look at the last two weeks..

The market cap of the SP500 is 24 trillion and it declined 24% between 1 October and Christmas day

/fucksnotgiven

more like 19.8% and that's three months, pal, vs 14 days and i was talking about day-to-day volatility. /fucksgiven

a move to 7.5-8.5K could be in the cards.
Something that is similar, but maybe shallower than this:
https://www.tradingview.com/chart/BTCUSD/OcS8j9al-Possible-retest-of-the-6k-area/

[JayJuanGee]

I think the odds of revisiting $3122 are way lower than 15%. The halving is less than a year away, do you really think enough idiots are holding enough btc to make that happen at this point?
And I'd seriously question anyone who would quote a multimillionaire rock star who had it all who put a shotgun to his head at 27 years old. That was some seriously fucked up dude.

Yes.. I may be being charitable with my allowance of about a 15% probability for $3,122, and even entertaining some of the pie in the sky wishful thinking of the butt hurt and seemingly troll/shill jonoiv.

[JayJuanGee]

... [edited out].......
Your dumb ass statement that "it has happened in the past" seems to be a bit out of context, because you seem to be just trying to assert that such a downward event, at this time, is more likely than it is... and currently we happen to be in a bull market, so show the exact comparison that you are suggesting if you want to seriously entertain "it has happened in the past" baloney.

That's my whole point I don't think we are.  I think it's the bull phase of a bear market and it's just turned back to the bear market in the larger bear market.  Phase C as iv'e said countless times over.

Well your theory of not being in a bullmarket does not really make matters better because it just looks like you are downplaying facts, logic and reasoning to string them together.
 Furthermore, you can assert your dumbass Phase C theory until you are blue in the face, it does not become more convincing merely because you are repeating it.. with at best a fantasy grasp on selective facts and logic.

[VB1001]

Publish this graphic a few days ago, 10700 is the point of support, otherwise we go back to the interior of the triangle,
This would not be good.

Good morning WO,s

[HairyMaclairy]

SP500 went from 2346 on 24 December to 2950 on 29 April.  

That's a 25.7% rise in ~4 months.  It is a 24 trillion asset.

Bitcoin has done 3x in ~4 months.  It is a $200 billion asset, less than 1% of the size of the SP500.

Whats not to like.

[realr0ach]

Does anyone understand why BTC is currently so volatile? What's the reason for all these pump&dumps?  

If you believe Bitcoin is not a US govt created Jew scam, that would be because the ESF introduces volatility into markets that aren't the dollar on purpose in order to try and make them look less stable and thus less reliable than the dollar.  So if Bitcoin is not a US govt created scam, the US govt would literally pump and dump Bitcoin on purpose anyway.  

If Bitcoin IS a US govt created scam, they would also be artificially propping up the market and attempting to rig the price upwards even though there are no normal humans buying coins (like now) and it would be inevitable the pump fails at some point with no goyim willing to be bag holders.  As you can see, the ESF/Fed is artificially rigging this market in some manner no matter what.  Since Bitfinex has committed Enron levels of fraud and nobody is in jail yet, they might even be using Tethers/Bitfinex as their front to do so.  But it's also possible Bitfinex fraud is entirely in-house.

[JayJuanGee]

Sorry I just see upper level $20k, $30k, $50k, $80k+ talking people many places saying the issue  Bitcoin Halving.
but have not idea top of the upper-level other side market trend is going up so normally said that $20k+ easily possible.

Well you can see what you like, both upside and downside have probability assignments, and neither direction has any kind of certainty until it actually plays out... so after the scenario plays out then it becomes a certainty... and no sane person is actually presenting any of the above scenarios as certainties.  Surely, the lower the number the more likely that it would occur, but even getting to $20k is far from guaranteed... even while a lot of us who have been watching bitcoin for a while consider the lower numbers to have decent probabilities, perhaps even greater than 50/50... in the coming years, such as within a year (or less) of the halvening.

You can play bitcoin investment matters however you like but it seems like a decently postured asymmetric bet that might be much better than any other asset class opportunity that anyone has had in recent times, especially since bitcoin is a paradigm shifting technology and it has already had 10 years of development and other buildings of other network effects... like an investment of a life time for those who are willing to recognize what is actually bitcoin.  dumb to be either betting against it or engaged in dumbass propaganda trying to FUD spread when the chances are that you FUD spreaders, bitcoin deniers, no coiner wannabes, are just going to get your asses handed to you.

 Might take another year or two to play out, but odds seem to be against you.

[wwzsocki]

Don't panic sell!!!

Wait for a while and if the price drops below this trend/resistance line at 11.300$, then there is a big possibility, that we will see 10.000$ levels.

The next few hours will be very important and I would advise to closely monitor the price and volumes.

If you are Hodling don't panic sell when the price already dropped so much and is sitting on very important resistance. There is a big possibility for a 50% bounce back to 12.000$.

[JayJuanGee]

Yes sir But then middle on 2018 had few lower support zone Bitcoin $2800, $2600, $2400, $2200... but not break down $3000 the going Up.

We are not in mid-2018 anymore. 

Have you looked at the BTC price chart, recently?

Snap out of it Negotiation.

You have this one on speedial. 

Seem to have needed it a lot recently... for some strange reason??, and I am not even sure if it is working when used.

[FrodoBagHolder]

Everybody still feeling comfy?? Just enjoy the ride, life is short  

[JayJuanGee]

So for you we can break the 11k ?  
Does anyone understand why BTC is currently so volatile? What's the reason for all these pump&dumps?  

I think bitcoin is currently caught in a falling wedge formation which is a bullish pattern, when BTC price breaks out I think it will be to the upside with targets around 12k to 12.6k. We still need to hit top of wedge and get a retrace before there is confirmation that we are in a descending wedge but something to watch out for. I think we will bottom around $9500 and then we will shoot up between July 4th and July 6th, so pay attention to those dates. I think once we reach 12.5k we will top out then start our slow descent downward before we have our next major capitulation in early August. I also go over current price action, short term and long term and show when and how high the peak of our next bull run will be.

https://www.youtube.com/watch?v=fVAyN7Dprsk

Is that plagiarism before my eyes?  You should at least use quotes in order to clarify your sources, Negotiation.  Furthermore, July 4th and July 6th have already passed us by.

[realr0ach]

The chart is a classic, completely non-aggregate pump and dump from a single individual or cartel then double top implosion (which is easy to tell from the volume indicators I didn't include).  Same chart you see in "altcoins", penny stocks, and various bullshit every day.  In a classic pump and dump chart, the price usually doesn't stay above the 50% Fib retracement.  So I'd be expecting to at least revist $8947, but in a bog standard pump and dump, usually 50% is breached, so big buyers would probably be looking for 38% retracement ($7818) or lower.  You're welcome.

[nutildah]

Is this a bad time to post pictures of my lunch?

[VB1001]

nutildah > But do not drink Lambrusco.