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

[makrospex]

What do you call a witty man in Canada?
A tourist.

What do you call a child porn leecher that tries to hide his online traces?
A torpedo.

Funny, but also not funny  
i tried...

#haiku, anyone?
sad times, BTC falls
waiting for the pump to come
jokes to lighten up

[1713872737]

1713872737

[1713872737]

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[1713872737]

1713872737

[degxtra1]

Aight.  Here we are knocking at the top of the channel for the THIRD time in 2 days...  What do they say about third times?

Usually they say that sub 10K hoopers are got already rekt.

[Wekkel]

A Tweetstorm about applying focus: https://twitter.com/jposhaughnessy/status/1159170719454027776?s=19

Not specifically Bitcoin related but perhaps some will find some words of wisdom in it.

[JayJuanGee]

If you had a brush in your hand now, how would you draw your lines by looking at this chart? There is only one possible direction which makes sense.

Do you also see what I see?

*$100k incoming (we may skip 2020 too, 2021 is more likely)

Go thru a 7000 to 8000 $ valley first. Seems logic (for what it is worth in this world).  

Hm?

Another "down before up" prognosticator.  May the luck be with you, in the event that you are betting on such proposition, along with a decent number of others who are betting on "down before up," yet need not be named at this time.

[degxtra1]

Hm?

Another "down before up" prognosticator.  May the luck be with you, in the event that you are betting on such proposition, along with a decent number of others who are betting on "down before up," yet need not be named at this time.

Obviously possible, but not much space for going down under 10K.
This time, my dear JJG it's confirmed  

Actually we should celebrate that 4 digits ended for good.

I can't see fireworks, why?

[JayJuanGee]

What do you call a witty man in Canada?
A tourist.

What do you call a child porn leecher that tries to hide his online traces?
A torpedo.

Funny, but also not funny  
i tried...

#haiku, anyone?
sad times, BTC falls
waiting for the pump to come
jokes to lighten up

Currently, I don't see bitcoin in any kind of "fall" status.  We have nearly 10 days of UP, from y point of view, and in the past few days, we are a bit stagnated towards the upper end of the UP.

[Ludwig Von]

If you had a brush in your hand now, how would you draw your lines by looking at this chart? There is only one possible direction which makes sense.

Do you also see what I see?

*$100k incoming (we may skip 2020 too, 2021 is more likely)

Go thru a 7000 to 8000 $ valley first. Seems logic (for what it is worth in this world).  

Hm?

Another "down before up" prognosticator.  May the luck be with you, in the event that you are betting on such proposition, along with a decent number of others who are betting on "down before up," yet need not be named at this time.

Well JJG, actually, for me it doesn 't matter. That is what I learned from you. My Corn value is up and I have plenty of coverage down, even lower than the proposed low. And I am happy with small trades in ladders, so also ready for the big one, be it up or down!  

[makrospex]

What do you call a witty man in Canada?
A tourist.

What do you call a child porn leecher that tries to hide his online traces?
A torpedo.

Funny, but also not funny  
i tried...

#haiku, anyone?
sad times, BTC falls
waiting for the pump to come
jokes to lighten up

Currently, I don't see bitcoin in any kind of "fall" status.  We have nearly 10 days of UP, from y point of view, and in the past few days, we are a bit stagnated towards the upper end of the UP.

Yep, it's still over my personal border of comfort (11k at the time, slowly rising).
I liked the daily candles after the first four consecutive appearances.
The haiku follows some kind of imaginary impersonation.

[JayJuanGee]

Hm?

Another "down before up" prognosticator.  May the luck be with you, in the event that you are betting on such proposition, along with a decent number of others who are betting on "down before up," yet need not be named at this time.

Obviously possible, but not much space for going down under 10K.
This time, my dear JJG it's confirmed  

Surely, I appreciate that you built a confirmation into your response.   That lends a hell-of-a lot more credence to what you proclaimed.

Actually we should celebrate that 4 digits ended for good.

Likely, too many people remain too nervous about being too close to returning to 4 digits to celebrate.  I am feeling that we can celebrate that the bottom of $3,122 is likely "in," but even with that, I can hardly muster up much more than a 75% confidence level.  Maybe I am too shell-shocked or conservative or merely afraid to get too cocky regarding where we are going, even though I am not too afraid to get cocky and even to laugh the fuck at how the shitcoiners seem to be fairing with our most recent BTC price dynamics in the past 4 months or so.

But, in that, I would only be rubbing in past performance - or even looking at a 2 year timeline and comparing BTC to almost any other crypto.  The vast majority of those shitcoins are not fairing too well, relatively speaking, but I am remain less than cock-assured that some of them might not get some pumpening infusion at some point in the near future.  So I am a hell of a lot more confident to NOT invest in any of them than I would be to either short them or bet against any of them for short to medium term pumpenings, at this point.   

I can't see fireworks, why?

Maybe the whole supply was used up last month? and, there is a bit of reluctance to prematurely ejaculate - even though I would pose that a breaking above $13,880 would infuse some renewed enthusiasm... and maybe even inspire some currently reserved folks to travel to the pyromania warehouse for an unscheduled withdrawal of goodies.

[makrospex]

What do you call a witty man in Canada?
A tourist.

What do you call a child porn leecher that tries to hide his online traces?
A torpedo.

Funny, but also not funny  
i tried...

#haiku, anyone?
sad times, BTC falls
waiting for the pump to come
jokes to lighten up

I don't get it... why a torpedo?... ahhh ... very astute ! excellent joke ! great humor ! specially when those pedo nutrients are released to the wild after they have been executed for their crimes against Mankind !

child abuse or any kind of gain from such is a no. Even discussing it makes people sick.
It's a borderline joke.

[JayJuanGee]

If you had a brush in your hand now, how would you draw your lines by looking at this chart? There is only one possible direction which makes sense.

Do you also see what I see?

*$100k incoming (we may skip 2020 too, 2021 is more likely)

Go thru a 7000 to 8000 $ valley first. Seems logic (for what it is worth in this world).  

Hm?

Another "down before up" prognosticator.  May the luck be with you, in the event that you are betting on such proposition, along with a decent number of others who are betting on "down before up," yet need not be named at this time.

Well JJG, actually, for me it doesn 't matter. That is what I learned from you. My Corn value is up and I have plenty of coverage down, even lower than the proposed low. And I am happy with small trades in ladders, so also ready for the big one, be it up or down!  

Hey, Ludwig Von.  I have no reason to doubt your proclamations in regard to having had prepared yourself for either BTC price direction, and therefore your speculation regarding "down before up" is going to carry a decent amount of more credibility, at least in terms of your not talking your books.

However (you see that there is nearly always a "however" hahahaha), I'm still a bit reserved in capitulating to any kind of "down before up" assertion or to give it much credence in terms of expectations. 

Just seems to me that, at this time, there would be a lot more pleasure for bitcoin  (to the extent that baby can feel pleasure), to punish those "down before uppers" because baby BTC  does not really seem like she wants to comply with pattern expectations, especially when there are a decent number of "smart than thou" people who seem so damned inclined to treat baby BTC as a mature asset class, and in the heart of hearts of a decent number of actual smart money folks, there remains a decently strong recognition (even if not outwardly shown) that she is merely a baby, and babies don't really tend to behave how you would prefer them to ... those lil fucks.

[Torque]

Quick reminder that Jordan Belfort, the "Wolf of Wall Street" called Bitcoin a scam last year, and said "Get out if you don't want to lose all of your money". The price was about 50% of what it is today.

Bullish.

https://twitter.com/fullbeerbottle/status/1159527648781058049?s=21

Indeed, forgot about that idiot ..........

If you like that one, here's ol' Jim Cramer (and his crony partner Stephanie Link) in 2014 when asked about Bitcoin:

https://www.youtube.com/watch?v=2kEySHOd4JU

Never. Fkn. Forget.

[JayJuanGee]

What do you call a witty man in Canada?
A tourist.

What do you call a child porn leecher that tries to hide his online traces?
A torpedo.

Funny, but also not funny  
i tried...

#haiku, anyone?
sad times, BTC falls
waiting for the pump to come
jokes to lighten up

Currently, I don't see bitcoin in any kind of "fall" status.  We have nearly 10 days of UP, from y point of view, and in the past few days, we are a bit stagnated towards the upper end of the UP.

Yep, it's still over my personal border of comfort (11k at the time, slowly rising).
I liked the daily candles after the first four consecutive appearances.
The haiku follows some kind of imaginary impersonation.

Yeah.. holy fuck... I had not noticed that recently we had 7 daily greens in a row.  Feels good man.

Anyhow, I can accept that you might have been going through with some kind of out-of-body experience when drafting that haiku... You might need to get checked out to make sure that you don't have an alien inside of you... just to be more safu.   

[degxtra1]

Hm?

Another "down before up" prognosticator.  May the luck be with you, in the event that you are betting on such proposition, along with a decent number of others who are betting on "down before up," yet need not be named at this time.

Obviously possible, but not much space for going down under 10K.
This time, my dear JJG it's confirmed  

Surely, I appreciate that you built a confirmation into your response.   That lends a hell-of-a lot more credence to what you proclaimed.

Actually we should celebrate that 4 digits ended for good.

Likely, too many people remain too nervous about being too close to returning to 4 digits to celebrate.  I am feeling that we can celebrate that the bottom of $3,122 is likely "in," but even with that, I can hardly muster up much more than a 75% confidence level.  Maybe I am too shell-shocked or conservative or merely afraid to get too cocky regarding where we are going, even though I am not too afraid to get cocky and even to laugh the fuck at how the shitcoiners seem to be fairing with our most recent BTC price dynamics in the past 4 months or so.

But, in that, I would only be rubbing in past performance - or even looking at a 2 year timeline and comparing BTC to almost any other crypto.  The vast majority of those shitcoins are not fairing too well, relatively speaking, but I am remain less than cock-assured that some of them might not get some pumpening infusion at some point in the near future.  So I am a hell of a lot more confident to NOT invest in any of them than I would be to either short them or bet against any of them for short to medium term pumpenings, at this point.   

I can't see fireworks, why?

Maybe the whole supply was used up last month? and, there is a bit of reluctance to prematurely ejaculate - even though I would pose that a breaking above $13,880 would infuse some renewed enthusiasm... and maybe even inspire some currently reserved folks to travel to the pyromania warehouse for an unscheduled withdrawal of goodies.

I assume you are missing something, - no more 4digits, even if I'm self proclaiming "no more4D" still means no more.
We HAVE BREACHED THE LEVEL.

scr0ach will confirm that soon

[Icygreen]

The 7 day uptrend in BTC may be investors losing faith in ETH while ETH/BTC is currently in a 7 day downtrend.  

[JayJuanGee]

Hm?

Another "down before up" prognosticator.  May the luck be with you, in the event that you are betting on such proposition, along with a decent number of others who are betting on "down before up," yet need not be named at this time.

Obviously possible, but not much space for going down under 10K.
This time, my dear JJG it's confirmed  

Surely, I appreciate that you built a confirmation into your response.   That lends a hell-of-a lot more credence to what you proclaimed.

Actually we should celebrate that 4 digits ended for good.

Likely, too many people remain too nervous about being too close to returning to 4 digits to celebrate.  I am feeling that we can celebrate that the bottom of $3,122 is likely "in," but even with that, I can hardly muster up much more than a 75% confidence level.  Maybe I am too shell-shocked or conservative or merely afraid to get too cocky regarding where we are going, even though I am not too afraid to get cocky and even to laugh the fuck at how the shitcoiners seem to be fairing with our most recent BTC price dynamics in the past 4 months or so.

But, in that, I would only be rubbing in past performance - or even looking at a 2 year timeline and comparing BTC to almost any other crypto.  The vast majority of those shitcoins are not fairing too well, relatively speaking, but I am remain less than cock-assured that some of them might not get some pumpening infusion at some point in the near future.  So I am a hell of a lot more confident to NOT invest in any of them than I would be to either short them or bet against any of them for short to medium term pumpenings, at this point.  

I can't see fireworks, why?

Maybe the whole supply was used up last month? and, there is a bit of reluctance to prematurely ejaculate - even though I would pose that a breaking above $13,880 would infuse some renewed enthusiasm... and maybe even inspire some currently reserved folks to travel to the pyromania warehouse for an unscheduled withdrawal of goodies.

I assume you are missing something, - no more 4digits, even if I'm self proclaiming "no more4D" still means no more.
We HAVE BREACHED THE LEVEL.

scr0ach will confirm that soon

Surely, I have my doubts, and I am not really against such a prognosis (either financially nor psychologically) - similarly, as to when, in late March, JSRAW proclaimed that there would be no more sub $3,900, and he ended up being correct regarding that proclamation, even though I battled him several times on that one.  Currently the chances for sub $3,900 seems to be in the less than 25% arena, if not in the sub 20% arena.

Maybe you are going to end up being the JSRAW of 4 digits?  Time will tell, and even if you end  up being correct, I believe that currently it is way too soon to accept your assertion with any level of confidence as gospel.

Regarding roach.. I have my doubts about using him as any kind of indicator for anything in BTC.  He remains so fucking obsessed with his baloney irrelevant messages that there ends up being almost no correlation to anything.  It's like no matter what is going on, his recommendation is to buy PMs such as gold and silver and to prepare for Armageddon, and in the meantime hate everyone else for living normal lives.  Lots of members here seem to have attempted to transition out of his ongoing bitterness and butthurtness, but nothing seems to work, except maybe for short periods of time when grandma makes him some cookies and milk, then he seems to chipper up into lucidness for a short period of time... but that cannot always be determined, and grandma doesn't really seem to be too happy with him, either.

[degxtra1]

I believe that currently it is way too soon to accept your assertion with any level of confidence as gospel.

In contrary to scr0ach I successfully erased all christian background from my belivings.
So, gospels are ok, as long its so called Xmass Scr0ach, fried scr0ach.

indeed my words could sound like a gospel or other written shit but, face reality: even if you think it's to early to proclaim that - I'm first who done this.

Good night JJG

ps/ no more 4D

[Ludwig Von]

If you had a brush in your hand now, how would you draw your lines by looking at this chart? There is only one possible direction which makes sense.

Do you also see what I see?

*$100k incoming (we may skip 2020 too, 2021 is more likely)

Go thru a 7000 to 8000 $ valley first. Seems logic (for what it is worth in this world).  

Hm?

Another "down before up" prognosticator.  May the luck be with you, in the event that you are betting on such proposition, along with a decent number of others who are betting on "down before up," yet need not be named at this time.

Well JJG, actually, for me it doesn 't matter. That is what I learned from you. My Corn value is up and I have plenty of coverage down, even lower than the proposed low. And I am happy with small trades in ladders, so also ready for the big one, be it up or down!  

Hey, Ludwig Von.  I have no reason to doubt your proclamations in regard to having had prepared yourself for either BTC price direction, and therefore your speculation regarding "down before up" is going to carry a decent amount of more credibility, at least in terms of your not talking your books.

However (you see that there is nearly always a "however" hahahaha), I'm still a bit reserved in capitulating to any kind of "down before up" assertion or to give it much credence in terms of expectations.  

Just seems to me that, at this time, there would be a lot more pleasure for bitcoin  (to the extent that baby can feel pleasure), to punish those "down before uppers" because baby BTC  does not really seem like she wants to comply with pattern expectations, especially when there are a decent number of "smart than thou" people who seem so damned inclined to treat baby BTC as a mature asset class, and in the heart of hearts of a decent number of actual smart money folks, there remains a decently strong recognition (even if not outwardly shown) that she is merely a baby, and babies don't really tend to behave how you would prefer them to ... those lil fucks.

You are absolutely right. Just adjust a bit, I am trading in small size, a little bit of my stash, well, small stash, and only looking at a bit of Euro in reserve while keeping BTC going up. And in macro view, I have a feeling that all major world fiat currencies are trying to melt down all together, they also love each other after all... .

[Majormax]

Go thru a 7000 to 8000 $ valley first. Seems logic (for what it is worth in this world). 

Quite possible.

The most obvious inference from the chart is that price moved too soon, and MA's need to catch up.  That is confirmed even if you go back further, to 2011 say.

To follow a smooth trajectory, price needs to have been around 7k now. It is unclear whether the catch up can occur by means of a deeper correction, or a quiet extended range for a few months.

The third way is for a steeper bull run, but this seems unlikely because logically, and observably, the long cycles are extending and smoothing as adoption proceeds.

[HairyMaclairy]

This consolidation at upper resistance is epic