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

[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]

via Imgflip Meme Generator

[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. 

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.

[makrospex]

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  

I saw that i received some sMerit recently from this Thread. Thank you, fellows!

[Lambie Slayer]

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

[Lambie Slayer]

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.

[makrospex]

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

Damn  
But i was expecting another downward leg, since i bought satoshis...

[Negotiation]

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

Don't worry market back soon waiting for huge movement upper level

[fillippone]

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

What does CNCB says about corn?

[Majormax]

...
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%.

[mindrust]

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

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

He is...

Wait for it...

[Lambie Slayer]

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

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

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

[HairyMaclairy]

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.

[fillippone]

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

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

  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.