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

[d_eddie]

The same thing happened when launching CME and CBOE.

Yeah indeed, hairymaclairy has given a very nice thesis over it....

In other words: let's wait for the expiry date of the monthly contract 

[bkbirge]

I wonder if these folks have 2 versions of the same article to print depending on which way the market goes, like the news famously does for elections...
https://cointelegraph.com/news/bitcoins-price-flash-crashes-down-1-000-in-24-hours-could-7-500-be-next

The overall cryptocurrency market cap stands at $222 billion at press time, having lost a whopping 20 billion in less than an hour. Bitcoin’s share sits at 69.2%.

[btcbeliever]

-15% in a few hours? You can do better than this bears! Come on bring it on!   We have no fear we are !@#$ veteran Roman soldiers holding formation for years  

That's exactly my sentiments
why I come back again every day to read stuff here.
very well said.

[Toxic2040]

-COMMANDER OUR SIDES ARE COMPLETELY DESTROYED BY THE ENEMY

$8100!

FAALL BAAACK RUN FOR YOUR LIVES

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dun care...hodling the line.


*waves at v8 and the other regs.   Still hanging...its just been busy and still dealing with some blockage..its passing as these things do.  

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When times are tough you call a professional, I can catch knives with the best of 'em. Singlehandedly almost nearly maybe only in my mind pausing the down trend with a flurry of miniscule buys since 2017.

+1 WOsMerit


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Weeee! Insane how the USD mooned so quickly

+1 WOsMerit

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Please remain seated until the ride comes to a complete stop before exiting the vehicle.


Strong selling pressure builds as bitcoin dips below the 0.382 long fib support. Waiting to see if there is any reciprocal action or bounce back. #dyor

4h


D

#stronghands'19

[Ibian]

I wonder if these folks have 2 versions of the same article to print depending on which way the market goes, like the news famously does for elections...
https://cointelegraph.com/news/bitcoins-price-flash-crashes-down-1-000-in-24-hours-could-7-500-be-next

The overall cryptocurrency market cap stands at $222 billion at press time, having lost a whopping 20 billion in less than an hour. Bitcoin’s share sits at 69.2%.

News are not about information anymore, it's about clicks.

[fillippone]

Quote me and put the data:

Fillippone

Registration date: February 18, 2018, 08:53:54 PM
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1852120
Bpip Profile: https://bpip.org/profile.aspx?p=fillippone
Description of your avatar: I am italian, and I run a Bitcoin node + Lightning. So my hat has italian flag colours, with Lightnings casting Bitcoin symbol's shadows on the hat itself!

Long time Bitcoin investors, now broke as I lost my private keys on a boating accident. Came on the forum for a shitcoin airdrop, stayed for the technology.

[JimboToronto]

Wow. Nice dip. Too bad I didn't have a bunch of spare fiat laying around to take advantage of it. Oh well.

Seems to have bottomed out around $8k.

It sort of reminds me of the Sept 2017 dip when it crashed all the way down under $3k after hitting $5k in August.

Let's see what Nov/Dec bring.

[nikauforest]

I just woke up to some of my buy orders getting filled. Here is a fractal that may play out. I am not expected a V bottom in any case.

[HairyMaclairy]

Daily RSI nicely into the oversold zone.  Funds wired - can’t help myself but take a little nibble of physical.  Still holding plenty in reserve.  

[Globb0]

[mindrust]

Mayer Multiple is 1.0, just like when it was at $5k last time.

Screaming: BUY TIME

[Globb0]

Down is the easier manipulation,

Shorts and then dumps, but that is not sustainable as the resistance grows with each drop. Unless capit I suppose.


I expect when down gets harder? then up

[HairyMaclairy]

Good solid volume on the volume oscillator (bottom bar).  This is a potential capitulation event to seal off the baby bull and move to adolescent bull.  Would like to see volume higher still though.  You want the volume candle to look like a giant fuck off finger and we aren’t there yet.  

[proudhon]

Mayer Multiple is 1.0, just like when it was at $5k last time.

Screaming: BUY TIME

Maybe if you're a careful day trader, but ultimately this thing is on its way to sub $1,000. Bitcoin simply cannot sustain anything more than that. It certainly will never be worth more than $10,000 again.

[Yaplatu]

New bearish cycle   

[mindrust]

So statistics were telling the truth,

descending triangles are indeed mostly a bearish formation.

I shouldn't forget this next time.



200DMA is trying to hold. The battle is not over yet.

[Globb0]

Oof right in the nuts!

 

[LFC_Bitcoin]

Oof right in the nuts!

 

No need to worry my friend, just shaking out the weak hands. I really want to pull the trigger & buy but I’m going to sleep on it & see if we’ve dropped further in the morning.

[El duderino_]

Mayer Multiple is 1.0, just like when it was at $5k last time.

Screaming: BUY TIME

Maybe if you're a careful day trader, but ultimately this thing is on its way to sub $1,000. Bitcoin simply cannot sustain anything more than that. It certainly will never be worth more than $10,000 again.

Like last time....??

[HairyMaclairy]

Long / short ratio drops below 2.0 for the first time since $6k.  Is the elastic band about to snap and hurl us the other way?

That would be a perfect play of my Bakkt prediction which is asking a bit much