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

[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.

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[nutildah]

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

[VB1001]

nutildah > But do not drink Lambrusco.

[Hueristic]

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.

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.

Complacency Kills   
nite all. 

[makrospex]

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

Thinking of buying some more dip in the morning. See how this slide shakes out.

Me too.
Still feeling comfy above $5.5k, but i recently bought some satoshis...
Damn, Murphy! Every fucking time 

[Saint-loup]

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 at a very level and there is a big possibility for a 50% bounce back to 12.000$.

 

[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.

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.

Sorry, Edited added clarify source.

[realr0ach]

Reply I sent to Anonymint earlier as to why I think the system is probably real close to implosion.  He seems to think this will be a long drawn out thing with a "strong dollar" for an entire 8-10 years from now.  I don't really see it as possible as I explained below:

strong dollar vortex peaks circa 2024 to 2028

I HIGHLY doubt the dollar can possibly stay strong that long.  Very implausible.  A few weeks ago I was talking about how things like gold have been in bull markets hitting near or record highs in all other currencies like Australian Ponzi dollars, Canadian Ponzi dollars, etc.  The US dollar is the odd man out in all these charts and is obviously way overvalued even more than it's normal overvaluation.  Out of all the currencies in the entire world, it's the US dollar that needs to devalue the most at the moment.  I expect massive dollar devaluation soon-ish.

as they see interest rates start to rise after 2021

Seguing from the above comment, there's a reason why the dollar is currently so overvalued.  Interest rates will skyrocket as soon as dollar devaluation occurs and collapse the entire system.  So from my assessment, the system is probably far closer to an end/reset than you think it is.  You're talking about having "strong dollars" for another entire decade here, but as I talked about earlier, the dollar is the clear odd man out and must devalue.

[jojo69]

.
 

critical

[HairyMaclairy]

supercritical

[kurious]

Hypercritical

[mindrust]

There is nothing to worry (yet). The bullrun is still in play. ATH @ $50-100k incoming. (as long as we don't dip below the orange line.) Even a pull back to $7k is OK at this point and would provide a good (and probably the last) chance to increase your number of coins.

1 day left to super golden cross. Everyhing is awesome.

[Biodom]

Hypercritical

"What did you think this was all about? Fun and games?"

Everyhing is awesome.

indeed
https://youtu.be/StTqXEQ2l-Y?t=5

[criptix]

Is bitcoin dead yet?  


Keep an eye on the .618 fib at around 11300, if we close under it on the hourly next target is 10800

[ivomm]

There is nothing to worry (yet). The bullrun is still in play. ATH @ $50-100k incoming. (as long as we don't dip below the orange line.) Even a pull back to $7k is OK at this point and would provide a good (and probably the last) chance to increase your number of coins.

1 day left to super golden cross. Everyhing is awesome.

It looks like the drop from yesterday is over. RSA on the 1 hour chart was 22 on the 2 drops to 11800 and 11200. This is lower than the 2 drops that led to a 30% correction 10 days ago. But even if we have another leg down, it won't be a problem. It looks like the bulls are shaking off the last coins (a.k.a the classic bear trap) before the next leg up. I expect it to be in the 17K-18K area, where bears will have the last chance to bring the bad memories of 2017's end of the bull run. But I have a gut feeling that breaking the ATH will be easier than staying above 13K. For some reason, this price attracts some n00bs to cash out. I can't find a proper word for an investor, who sells 313 days before the halving after 6 months of easy breazy bull run, showing that the potential is truly high. There will be some bumps on the road to 100K, however. I expect them around 28K, 48K, 75K. But we shall see of course.

[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.

Sorry, Edited added clarify source.

If you cite the text of someone else, it is usually better to use quotes around the text or some other way of highlighting... ....

so in your above text the quoted text of someone else would be quoted in the paragraph like this:

 "I think bitcoin is........... our next bull run will be."  

Then we are clear that you are citing someone else, and those are not your own words.  Without the quotes, we could think that those were your words, and the forum might even ban you, if it appears that you are intentionally not properly crediting others with your posts and you cite the words of others without a clear indication that it is them that you are citing and not you.

[wwzsocki]

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.

You are correct and this chart indeed looks like a classic pump, but this is already 5th or 6th time in the BTC history, so I assume is a normal BTC price move  .

I don't understand what you mean by low volume? There are still over 30 billion in volume, every day and this is much higher as in previous 2017 pump.

Don't mention that those are the highest volumes ever. Just look at Coinmarketcap chart on the volume bar. After last adjustments made by this service, volumes should be almost real .



This is the biggest problem that we have to rely on data, which are not proved, to be fully correct and could be manipulated, so this approach of Cpoinmarketcap, to call all exchanges for real volumes is a good thing, but hard to execute and control. No matter, which service we use, because all of them, take the data from exchanges API and other ways and we have to fully trust them, that this data is not manipulated.

[Lambie Slayer]

Lots of dumping at lower and lower prices the last 18 hours. Seems to me this parabolic run is broken on most time scales and we ran out of newbs to pay any price. If so then sounds good to me as a parabolic test pump is always good for garnering attention for us as the best party in town every day of the week.

No major asset pumps like we do and no major asset dumps like we do all while eventually recovering to claim new inevitable highs. Stockboyz who dont dabble in Bitcoinlandia are all jealous to the point of absurdity, they will all join in eventually. 

[serveria.com]

Lots of dumping at lower and lower prices the last 18 hours. Seems to me this parabolic run is broken on most time scales and we ran out of newbs to pay any price. If so then sounds good to me as a parabolic test pump is always good for garnering attention for us as the best party in town every day of the week.

No major asset pumps like we do and no major asset dumps like we do all while eventually recovering to claim new inevitable highs. Stockboyz who dont dabble in Bitcoinlandia are all jealous to the point of absurdity, they will all join in eventually. 

Nope it's just a correction we will resume with da pomp soon. Similar to what happened when we fell down from 11k to 9k and also before that multiple times. Don't worry.

[Lambie Slayer]

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