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Question: Oct. 31 Closing Price:
$0 - 0 (0%)
<$7,000 - 1 (6.3%)
$7,000-$7,500 - 0 (0%)
$7,500-$8,000 - 1 (6.3%)
$8,000-$8,500 - 4 (25%)
$8,500-$9,000 - 3 (18.8%)
$9,000-$9,500 - 0 (0%)
$9,500-$10,000 - 2 (12.5%)
$10,000-$10,500 - 0 (0%)
>$10,500 - 4 (25%)
>$20,000 - 1 (6.3%)
Total Voters: 16

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21408022 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (109 posts by 22 users deleted.)
wwzsocki
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July 11, 2019, 07:34:06 AM
Last edit: July 11, 2019, 03:58:19 PM by 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  Wink.

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 Wink.



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.
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July 11, 2019, 07:47:53 AM

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.  Cheesy
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July 11, 2019, 07:58:23 AM

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.  Cheesy

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.
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July 11, 2019, 08:04:18 AM

via Imgflip Meme Generator
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July 11, 2019, 08:07:55 AM

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.  Cheesy

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.

I think a good bit more down awaits us, but I concede you could easily be right and new pumping might start soon. Either way we win imo bc we are center stage and our volatility as usual captures the hearts and minds of everyone missing out on the action.
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July 11, 2019, 08:08:13 AM
Merited by ivomm (1)

Finally spent all my Fiat 30 mins ago (excluding my safety reserve), these are the most relaxing moments regarding the Bitcoin market for me.
A very good morning  Grin

I saw that i received some sMerit recently from this Thread. Thank you, fellows!
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July 11, 2019, 08:11:03 AM

Oh shit, Tone Vays is officially Bullish now. All is lost Cry
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July 11, 2019, 08:13:45 AM

https://www.cnbc.com/2019/07/11/bitcoin-price-down-after-fed-chair-powells-facebook-libra-comments.html

Short term bad news yes as far as dulling the hype goes, but Powell gonna get his Facebook account shutdown for hate speech. Facebook is more powerful than any individual politician or unelected bureaucratic parasite. Ill take Zuck over a central banker any day.
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July 11, 2019, 08:14:04 AM

Oh shit, Tone Vays is officially Bullish now. All is lost Cry

Damn  Shocked
But i was expecting another downward leg, since i bought satoshis...
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July 11, 2019, 08:16:34 AM

Oh shit, Tone Vays is officially Bullish now. All is lost Cry
Don't worry market back soon waiting for huge movement upper level Sad
fillippone
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July 11, 2019, 08:17:14 AM

Oh shit, Tone Vays is officially Bullish now. All is lost Cry

What does CNCB says about corn?
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July 11, 2019, 08:22:18 AM

...
You can play bitcoin investment matters however you like but it seems like a decently postured asymmetric bet .....

It has always been an asymetric bet.....but that understanding comes with recognition that it is a bet, and thus has a finite probability of failure.

Going to our probability calculations,  I now estimate a 65% chance we are in a bull market. The latest rally ironically reduced that probability, because it deviated so much from the previous shallow waves.

The move to 13.5k can either be seen as a demonstration of relative strength, or as a failed parabolic rally in a bear market, which is a much more bearish signal.

So, bull market 65%, bear market 35%.  My breakdown of that :

New AYH within weeks 25%, bounce from support (at $6.5k, $8.5k) 15%, extended sideways consolidation 25%.

Slow grind down from here to below $3k 20%, dump followed by pump to a lower high 10%, crash to deep lows (sub 2k) 5%.

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July 11, 2019, 08:22:41 AM

Oh shit, Tone Vays is officially Bullish now. All is lost Cry

I just realized Tone Vays looks like someone I know for a very very long time.

He is...

Wait for it...

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July 11, 2019, 08:24:30 AM
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Oh shit, Tone Vays is officially Bullish now. All is lost Cry

What does CNCB says about corn?


Fuck.... They reported on Winklevoss calling Bitcoin "Gold 2.0" 18 hours ago, right before the dump started.

https://www.cnbc.com/video/2019/07/10/winklevoss-twins-bitcoin-is-gold-2point0.html

 Angry They always ruin everything. Im just praying Tyler Jenks stays bearish.
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July 11, 2019, 08:25:18 AM
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Slow grind down from here to below $3k 20%, dump followed by pump to a lower high 10%, crash to deep lows (sub 2k) 5%.


LOL.  We are less than 12 months to the halvening bro.  Those days are past.
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July 11, 2019, 08:31:49 AM

Oh shit, Tone Vays is officially Bullish now. All is lost Cry

What does CNCB says about corn?


Fuck.... They reported on Winklevoss calling Bitcoin "Gold 2.0" 18 hours ago, right before the dump started.

https://www.cnbc.com/video/2019/07/10/winklevoss-twins-bitcoin-is-gold-2point0.html

 Angry They always ruin everything. Im just praying Tyler Jenks stays bearish.

See? They are always 100% wrong.

A trader 100% wrong is as precious as a trader 100% right: you can copy home doing the opposite.
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July 11, 2019, 08:39:49 AM
Last edit: July 11, 2019, 08:56:18 AM by Majormax


Slow grind down from here to below $3k 20%, dump followed by pump to a lower high 10%, crash to deep lows (sub 2k) 5%.


LOL.  We are less than 12 months to the halvening bro.  Those days are past.

You can see the last 6 weeks' move as a confirmation of that sentiment, and that is how we would all prefer to read it (and also has the higher probability of being correct).

edit : Convincingly and quickly regaining the AYH above 14k would be the super-bullish sign.
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July 11, 2019, 08:55:50 AM

Hello all.

Anyone has a link to buy a nice BTC ticker ? Like that project that failed, something simple.
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July 11, 2019, 09:09:12 AM
Last edit: July 11, 2019, 09:27:03 AM by prophetx

Oh shit, Tone Vays is officially Bullish now. All is lost Cry

What does CNCB says about corn?


Fuck.... They reported on Winklevoss calling Bitcoin "Gold 2.0" 18 hours ago, right before the dump started.

https://www.cnbc.com/video/2019/07/10/winklevoss-twins-bitcoin-is-gold-2point0.html

 Angry They always ruin everything. Im just praying Tyler Jenks stays bearish.

If Peter Schiff becomes a believer we are really fucked.  

This must be a head fake tho as the USD printing press is about to go into high velocity
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July 11, 2019, 09:11:47 AM




Lets catch up with the thread on this sunny late after work out morning  Cool
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