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

[Fatman3001]

Morningzzz!

I think the dip is over & we have witnessed our local low.
Sideways & up for the rest of the year. Not sure if we're going to see a new yearly high this year, but we have the halving for that.

Bouncing off 200MA(red) & 350EMA(green) in 2016:



And where we are now:



It seems that we are in a hurry to explore new highs.

Yah, pretty close, but extended timelines.

[Lambie Slayer]

via Imgflip Meme Generator

*no Slayers were harmed in the creation of this meme.


Seriously though, I bought the dip for the third time this year and accumulated more. I expect more dipping w 9k rekkt and I will continue to accumulate all the way down in the event we make it to 7k, 6k, and even 5k if that somehow happens.

This is Bitcoin so we know its all possible. Whatever happens in the next 90 days will Im sure be the last great chance for cheap coins for several years so wipe your tears, refrain from attacking people that were or are short term bearish and instead focus your efforts on backing up the truck and filling those bags boyz.

[greensheep]

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.

Contrarian indicator, I guess everything will be fine then

[Gyrsur]

currently fighting at the 50% fibo level. should not go below 72xx (61.8% fibo) otherwise we have a seroius issue.

[Fatman3001]

 *Charlton Heston Bitching pic*

*no Slayers were harmed in the creation of this meme.


Seriously though, I bought the dip for the third time this year and accumulated more. I expect more dipping w 9k rekkt and I will continue to accumulate all the way down in the event we make it to 7k, 6k, and even 5k if that somehow happens.

This is Bitcoin so we know its all possible. Whatever happens in the next 90 days will Im sure be the last great chance for cheap coins for several years so wipe your tears, refrain from attacking people that were or are short term bearish and instead focus your efforts on backing up the truck and filling those bags boyz.

Just make sure there's any dip to dip in or you'll run out of chicken when the real dip comes.

[Phil_S]

Guess what, we are above 200DMA. So 200DMA was the real solid ass support indeed.

If we lose 200D MA today, it will be ugly.

We're above, but too close for comfort...

[fillippone]

Daily contracts are not tradable yet. Only monthly contacts for the moment.

Oops, thanks.

I was never interested in anything futures, but why these up&downs in volume then?
There must be a deadline to cancel a contract, right?

We are speaking of daily volumes.
If i sell a contract to you we have 1 daily volume. Open interest is 1.
If the following day I sell a contract to you we have 1 daily volume. Open interest is 2.
If the same day  I buy a contract from you we have 2 daily volume. Open interest is 1 again.

[makrospex]

Daily contracts are not tradable yet. Only monthly contacts for the moment.

Oops, thanks.

I was never interested in anything futures, but why these up&downs in volume then?
There must be a deadline to cancel a contract, right?

We are speaking of daily volumes.
If i sell a contract to you we have 1 daily volume. Open interest is 1.
If the following day I sell a contract to you we have 1 daily volume. Open interest is 2.
If the same day  I buy a contract from you we have 2 daily volume. Open interest is 1 again.

capito. grazie 

[Lambie Slayer]

 via Imgflip Meme Generator

*no Slayers were harmed in the creation of this meme.


Seriously though, I bought the dip for the third time this year and accumulated more. I expect more dipping w 9k rekkt and I will continue to accumulate all the way down in the event we make it to 7k, 6k, and even 5k if that somehow happens.

This is Bitcoin so we know its all possible. Whatever happens in the next 90 days will Im sure be the last great chance for cheap coins for several years so wipe your tears, refrain from attacking people that were or are short term bearish and instead focus your efforts on backing up the truck and filling those bags boyz.

(depressed Fatty alter ego eating away the Big Blocker Blues pic)

Just make sure there's any dip to dip in or you'll run out of chicken when the real dip comes.

Ahhh Fatty lecturing on the discipline of dip buying but cant help but making a food eating metaphor I see

Thanks for the concern. I bought with everything I owned the real dip in 2014 and 15 and still hold the vast majority of those coins, buying dips now is a petty sideshow to kill time at this point, Im over 95 percent net worth in King Bitcoin. Big blockers never tricked me out of my riches and into shitcoins

[Majormax]

currently fighting at the 50% fibo level. should not go below 72xx (61.8% fibo) otherwise we have a seroius issue.

As expected, this is the reaction to the premature parabolic high. I never liked that one.

Critical to test support now.

There may be a bigger problem, signalled by the collapse in hash rate, but that remains to be seen.

[Gyrsur]

There may be a bigger problem, signalled by the collapse in hash rate, but that remains to be seen.

rumors say there is a mining regulation issue in Mongolia. no longer allowed to mine Bitcoin there.

https://www.coindesk.com/inner-mongolia-to-shutdown-illegal-bitcoin-miners-by-october-as-china-phases-out-industry

[realr0ach]

Read some postings by realr0ach and check daily gold/silver charts.

[Fatman3001]

 via Imgflip Meme Generator

(pffff....retard boy here keeps the ad in the link)

*no Slayers were harmed in the creation of this meme.


Seriously though, I bought the dip for the third time this year and accumulated more. I expect more dipping w 9k rekkt and I will continue to accumulate all the way down in the event we make it to 7k, 6k, and even 5k if that somehow happens.

This is Bitcoin so we know its all possible. Whatever happens in the next 90 days will Im sure be the last great chance for cheap coins for several years so wipe your tears, refrain from attacking people that were or are short term bearish and instead focus your efforts on backing up the truck and filling those bags boyz.

(depressed Fatty alter ego eating away the Big Blocker Blues pic)

Just make sure there's any dip to dip in or you'll run out of chicken when the real dip comes.

Ahhh Fatty lecturing on the discipline of dip buying but cant help but making a food eating metaphor I see

Thanks for the concern. I bought with everything I owned the real dip in 2014 and 15 and still hold the vast majority of those coins, buying dips now is a petty sideshow to kill time at this point, Im over 95 percent net worth in King Bitcoin. Big blockers never tricked me out of my riches and into shitcoins

Why are you calling me fatty, asswipe?

I haven't talked to you before. Nor have I been talking about alts lately.

The only one bitching about big blocks anymore is JJG and he's on ignore.

[600watt]

currently fighting at the 50% fibo level. should not go below 72xx (61.8% fibo) otherwise we have a seroius issue.

As expected, this is the reaction to the premature parabolic high. I never liked that one.

Critical to test support now.

There may be a bigger problem, signalled by the collapse in hash rate, but that remains to be seen.

there is no collapse of hashrate. it was just a dip.  

hashrate is currently around 90,000,000 TH/s (https://www.blockchain.com/de/charts/hash-rate?timespan=30days

[Lauda]

There may be a bigger problem, signalled by the collapse in hash rate, but that remains to be seen.

there is no collapse of hashrate. it was just a dip.  

hashrate is currently around 90,000,000 TH/s (https://www.blockchain.com/de/charts/hash-rate?timespan=30days

People are really ignorant and annoying about the hashrate every single time. There's a thing called variance, and hashrate isn't going anywhere but up. Mark my words.

[mersal]

Price of bitcoin is below $8500 now,made me shocked when I wokeup today.

I need sleeping pills to stay away from this stress for a while.

Anyone!

Healthy alternatives:

1. chill more

2. zoom out (and chill even more)

If that doesn't help:
3. Send your smartphone to a family member in a nice little package, tell him/her to never pick it up at the post office. Wait until it gets sent back to you. Check price again  

In the worst case:
4. Sell your coins at a cheap price (to me) and use that Fiat for a long vacation in any region of the world with no internet access.


EDIT:
2.5. Read some postings by realr0ach and check daily gold/silver charts. Compare to bitcoin.

If you like pulling your hair out, maybe if you think baldy heads are fashionable, sell your scam bitcoins and invest into craig's satoshi's real vision or the zombie coin (see mc afee twitter history).

If not, laugh more. You don't need a reason for laughing. One of the really free things in life 

Out of SM at the moment.

I will try 2 like I always do but I can't control my feelings when it was dump but this time I didn't buy any bitcoin which thing I could feel little relax about.

[serveria.com]

Briefly visited 8200 no significant bounce back followed and now fighting for 8300 it seems? 

[HairyMaclairy]

Interesting possibility to converge back to the 2015 fractal

[fillippone]

Don't panic.
S2F model still in play.



Graph from : https://digitalik.net/btc/

Market is still following SF model, all in place for Halving rally.
Of course one could argue that with the market knowing this model the halving rally should be rationally anticipating actual halving, not following it like in 2016.
But still, let's try to see the glass half full glass.

[Paashaas]

Decent dump before q4 glory.