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

[Cryptotourist]

As you are aware, my thesis is that Blockalypse II is in BTC's future, which will drive adoption to the other Bitcoins.

There are no other Bitcoins, dah.
The shitiest of shitcoins adoption part made me laugh though. Purely delusional.

#

Alternatively, if we stall or drift lower and sit directly on the 200DMA like a hen on eggs, then we risk breaking those eggs and heading down sharply further.  

That's why - by Monday - we need to be @$10k+ level.

[soxxx]

No worries, we are just in a falling wedge pattern, nothing to see here

[DaRude]

Today BAKKT traded BTC217, in 5yrs that'd take up almost 50% of the supply. Silly traders with their dinosaur charts and triangles.

[fillippone]

Meanwhile, outside the realm of the darknet/ illicit financing/ terrorism funding cryptocurrencies:

ABN Amro CoCos Drop Amid Probe Under Money-Laundering Law
By Alice Gledhill

(Bloomberg) -- The Dutch bank’s Additional Tier 1 bonds fall the most in six months as prosecutors investigate lender for failing to report suspicious transactions (see story).
The bank said it’s facing a probe under anti-money laundering law, without elaboration
Its EU1b 4.75% AT1 dropped ~1 cent on euro to ~105, the biggest decline since March

Yeah.
Yesterday Danske BANK ex CEO was found dead. He tried, but failed, to recycle 220 BILLIONS for russians. They didn't like him failing, apparently.

But , yes, cryptocurrencies poses a risk to money-laundering.
Yes.
Right.

[Syke]

* BobLawblaw starts wondering if we've seen the bottom...

I haven't seen any bottoms lately, so probably not yet.

[Cryptotourist]

^. There you go:



TA analysis: It's forming a descending triangle pattern, but the feeling is bullish.

[BtcMan2009]

* BobLawblaw starts wondering if we've seen the bottom...

I haven't seen any bottoms lately, so probably not yet.

Now there is a high probability of a temporary bottom and a rebound of the price up and back.

[Last of the V8s]

You do like that stuff don't you?

Do I? What stuff?

[fillippone]

Today BAKKT traded BTC217, in 5yrs that'd take up almost 50% of the supply. Silly traders with their dinosaur charts and triangles.

Not today, maybe UNTIL Today.
I think a summary of a future contract work is badly needed here. I am working on it., but it's a long effort.

As I am writing this post, TODAY BAKKT future traded 1 lot:
https://www.theice.com/products/72035464/Bakkt-Bitcoin-USD-Monthly-Futures-Contract/data?marketId=6137541

That's ridiculous.
 
Related to this news, I can tell you that so far, the best explanation for the BTC price dump is the following:
1.Big swinging dicks got ready for a successful BAKKT launch, comparable to CME/CBOT futures, with 5000x Bitcoin volumes in the first days. This would have sent the BTCUSD Price skyrocketing.
2.Big swinging dicks loaded guns leveraging long position on Bitmex.
3. BAKKT launch was a disappointment, with ridiculous volumers.
4. Big swinging dicks understood BAKKT was not meant to be an immediate success they had to close their long, because VaR constraints.
5. This forced liquidation, than moved the price lower, forcing slower money to force their own liquidations, like a snowball effect.
6. Unfortunate coincidence (no tinfoil mode here) Hashrate dipped spurring a lot of concern (again, no conspiracies theories about a 51% attack against BAKKT, it might have been only a cloud services outage in inner China that temporarily stopped some mining pool).

These my 2 cents.

[d_eddie]

You do like that stuff don't you?

Do I? What stuff?

Learned rants dripping smugness and enygmatic enough to stay safely meaningless for the general public 

[rebal15]

. Here I am:



TA analysis: It's forming a descending triangle pattern, but the feeling is bullish.

You are so hot. show them to us at the end of the week if price of BTC bounce back to weekly MA22 ($9500) .

[gentlemand]

Learned rants dripping smugness and enygmatic enough to stay safely meaningless for the general public  

A Trilema crew meet is one I really, really, really would not want to attend.



I presume they would catch, boil and eat a street child to get warmed up and then spend the rest of the night giving long oratories, but they'd all do it over each other at the same time.

Even if any of them could hear the other, none of them would understand what anyone else was saying and they'd be deeply, deeply aroused by that.

[makrospex]

something is mildly pushing up against resistance now.
fingers crossed  

EDIT: Stopped. Back to hovering lightly above $8.400
Can i take another boring two weeks?

[El duderino_]

There was a Rambo movie in 2008? I had no idea. Have to look for it on the net. What's it called?

Rambo https://www.imdb.com/title/tt0462499/

He takes a bunch of religious pussies into Burma. They gain redemption at the end by dashing a local's brains out with a rock.

Taking a throat with hand

What movie is this Mic?

I honestly don't know

What is a strange thing

[gentlemand]

I honestly don't know

What is a strange thing

It looks like the uncut version of Dumb and Dumber 2.

[nutildah]

What movie is this Mic?

I honestly don't know

Its called MacGruber. It features a lot of Saturday Night Live cast members at the time, and is a completely ridiculous action movie. MacGruber's special move is to rip the throat out of his opponents. Your comment just reminded me of it, and you might like it (might not though, IMDB gives it 5.5 out of 10 -- pretty harsh).

And Val Kilmer is the villain, playing a fatter version of himself:

[Globb0]

Bargain alert - https://www.wilsonsauctions.com/timed-auction/listings/lot?salecode=192398&listingid=d95e4df2-00f9-45c1-833a-937f0edae9a0&bundleoverview=false

The UK government is auctioning some crypto they nicked off someone who nicked it.

If you wish to pay £99 for 0.1 BSV instead of £68 for a whole one, and who doesn't? this could be your only chance this year.

Lol, its at  £466, the idiots don't know they are not bidding on real bitcoin.

The paper this morning said it was bitcoin

[El duderino_]

What movie is this Mic?

I honestly don't know

Its called MacGruber. It features a lot of Saturday Night Live cast members at the time, and is a completely ridiculous action movie. MacGruber's special move is to rip the throat out of his opponents. Your comment just reminded me of it, and you might like it (might not though, IMDB gives it 5.5 out of 10 -- pretty harsh).

And Val Kilmer is the villain, playing a fatter version of himself:

Never heard of it, but gentlemand has a point it does look like its Dumb and Dumber

[d_eddie]

Bargain alert - https://www.wilsonsauctions.com/timed-auction/listings/lot?salecode=192398&listingid=d95e4df2-00f9-45c1-833a-937f0edae9a0&bundleoverview=false

The UK government is auctioning some crypto they nicked off someone who nicked it.

If you wish to pay £99 for 0.1 BSV instead of £68 for a whole one, and who doesn't? this could be your only chance this year.

Lol, its at  £466, the idiots don't know they are not bidding on real bitcoin.

The paper this morning said it was bitcoin

I wonder what paper that is. Clueless journalists or shitcoin shills? 

[gentlemand]

I wonder what paper that is. Clueless journalists or shitcoin shills? 

It's £1 less than yesterday which I presume means you can rescind your bids. Hopefully people will clue up before the end of the auction.