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

[jojo69]

now look, no homo, right, but it has to be said, micgoossens' eyes are the most beautiful eyes.
they are large and round and clear and intense
when he looks at you, you feel like a dude.
sorry, The Dude
is it any wonder then that he has attracted the most beautiful woman in all Belgium? the queen, in fact

obviously I have a lot to say about V8.....

For now i’m on my way home and Will just leave it with only telling you guys about his entrance....

So he walked into where we sit....

Hey, i’m V8 and 2 guys like i’m him or... and Then HM Said i’m HM, followed by V8’s response

No way, you’re not HM.... what a dissapointment

It was hilarious

That is fucking funny.

[kurious]

I support minimum qualification requirements for wall observers

If only...

[d_eddie]

-snip-

Nice Hand writing tho.. 

-snip-

• I didn’t use my hand to write it. I am called Italian stallion for a reason 

VB1001 already won  , . nice feet writing - No Foot fetishism- 

Italian stallion
never said he used his feet
other appendage?



#haiku

[600watt]

We never closed below the 137 daily MA during the 2017 bull run.  

Right now, we are immediately above the 137 daily MA.

[img]https://i.imgur.com/cRczS3t.pnimg]


Zoomed in

[img]https://i.imgur.com/EwrQrUa.pnmg]

We are also getting down to the pointy end of the pennant

[img]https://i.imgur.com/3LGdGTa.pnmg]

And volatility as shown by Bollinger band width in the middle bar is way down

[img]https://i.imgur.com/x0riuS2.pnimg]

When volatility falls very low, it means Bitcoin is winding up for a big move.

What does this all mean?  I am not entirely certain whether we will go up or down, but we are primed for a big explosive move.  The move will probably happen around the Bakkt launch on Monday, and will be preceded by a fake out in the other direction.  

Bullish factors:

* We are in an overall bull market driven by the halvening. Accordingly any bear attacks should be blunted and relatively short lived.  The halvening is only 8 months away.

* There is a fear in the market that Bitcoin will collapse after Bakkt release like it collapsed after the CME and CBOE.  If we all find that Bitcoin does not collapse this week, this may lead to a relief rally.

Neutral factors:

* Daily RSI is at neutral, giving us lots of room to move in either direction.

Bearish factors:

*We are sitting on the 137 MA daily.  There is a “rule” that Bitcoin cannot close below the 137 MA daily. Rules in TA are made to be broken.  Closing below 137 MA daily would make a nice scare for the bears.

*The 2015 fractal tells us we are still running hot and high.  The current price is around the forecast price at halvening.  This suggests we need to take some heat out of the market still.


[img]https://i.imgur.com/t4okqLt.pn/img]

Conclusion:

Next week is likely to be punctuated by shenanigans and big moves. I remain overall bullish but also short term cautious.  We should expect to break out of the pennant in both directions before finally deciding which way we will go.  

great post, sounds all plausible. regarding the highlighted part it could be argued that not the entire market is in fear. lots of people actually expect the price to go up when bakkt launches. imho, if prices does not make a noticeable pull upwards then panic will set in and price tanks. overall i am expecting a darth maul daily candle monday.


edited

[Last of the V8s]

It's not funny it's embarrassing. I'd like to have greeted him in a more friendly and warm, perhaps even just normal way. But I was expecting a mass of luscious locks...

[jojo69]

meh

BAKKT is a giant nothingburger

[d_eddie]

* There is a fear in the market that Bitcoin will collapse after Bakkt release like it collapsed after the CME and CBOE.  If we all find that Bitcoin does not collapse this week, this may lead to a relief rally.

Next week is likely to be punctuated by shenanigans and big moves. I remain overall bullish but also short term cautious.  We should expect to break out of the pennant in both directions before finally deciding which way we will go.  

great post, sounds all plausible. regarding the highlighted part it could be argued that not the entire market is in fear. lots of people actually expect the price to go up when bakkt launches. imho, if prices does not make a noticeable pull upwards then panic will set in and price tanks. expecting a darth maul daily candle monday.

CME futures
they are not settled in kind
this time is different



#haiku

[_javi_]

meh

BAKKT is a giant nothingburger

yup, it may well be.. BTC is anemic these days, he needs some spicy injection.


BTW, that arm´s orgy was a multi WOs meetup?? I must have missed the details.. i bet you had a great time! Share us the details!

[600watt]

meh

BAKKT is a giant nothingburger

in the long run it is a big thing. i wouldn´t underestimate jeffrey sprecher. pushing innovation was how he made it to the top.

[Biodom]

Bakkt is starting soon
Should we care much about it?
I do not think so

[JayJuanGee]

 Maybe JayJuanGee's emails are money also?

Value depends on audience, but in most instances something like an e-mail would not rise to the level of money, especially of a non-celebrity such as myself.

Rather than spouting out nonsense roach, go back to school..

[mindrust]

Haven't BAKKT already purchased its coins? What good is it gonna do tomorrow if they already gathered their stash? Don't you think the pump from $4-6k to $14k were the BAKKT pump?

I've seen they gathered around 10k coins (if that was really the BAKKT wallet I've seen), they are going to use those coins to sell their customers. They aren't going to buy any new coins unless they run out of those 10k coins. What am I missing?

[JayJuanGee]

blah blah bitcoin blah blah cavemen mic jj blah blah

-heavy edits- 

Cavemen IQ folks
no give many ratt's asses
while coin go UP, grunt

+1 WoSMerit

realr0ach needs more love
I'm not good at cutey pics
JJ, do something!

#haiku

Caveman and roach getting along real good.. for long, long time.       uhgah.  uhgah.

[mersal]

Hmmm

Google failed to update the WO's progress.Now it got more that 500K posts and not sure how many authors.But it will be atleast over 1000 members.

[Torque]

Hey JJG, here's one of those peggings by the bots at $9999.9999 that you claim is completely natural, organic, and reflects pure supply/demand instead of being completely manipulated by whales to that price.  

[hv_]

Hmmm

Google failed to update the WO's progress.Now it got more that 500K posts and not sure how many authors.But it will be atleast over 1000 members.

Lol. Google needs to be replaced by BitCoin powered internet.

[d_eddie]

Haven't BAKKT already purchased its coins? What good is it gonna do tomorrow if they already gathered their stash? Don't you think the pump from $4-6k to $14k were the BAKKT pump?

I've seen they gathered around 10k coins (if that was really the BAKKT wallet I've seen), they are going to use those coins to sell their customers. They aren't going to buy any new coins unless they run out of those 10k coins. What am I missing?

There's profit and loss
for traders trading futures
all paid in bitcoin


EDIT

The regulations!
Must keep reserves untouched
please buy more bitcoin

#haiku

[kurious]

meh

BAKKT is a giant nothingburger

yup, it may well be.. BTC is anemic these days, he needs some spicy injection.


BTW, that arm´s orgy was a multi WOs meetup?? I must have missed the details.. i bet you had a great time! Share us the details!

Select group meet-up
A good time was had by all
Fine proof of concept

[Last of the V8s]

Bakkt is starting soon
Should we care much about it?
I do not think so

meh

BAKKT is a giant nothingburger

[rebal15]

Haven't BAKKT already purchased its coins? What good is it gonna do tomorrow if they already gathered their stash? Don't you think the pump from $4-6k to $14k were the BAKKT pump?

I've seen they gathered around 10k coins (if that was really the BAKKT wallet I've seen), they are going to use those coins to sell their customers. They aren't going to buy any new coins unless they run out of those 10k coins. What am I missing?

You are missing roach's posts. He already said what you are saying.