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

[600watt]

https://twitter.com/CoinSense101/status/1177161842482769920

 

had to log in to merit this gem. after all we are talking about shitcoins. don´t know if it possible to sum up shitcoinery in one meme in a better way.

[hv_]

https://twitter.com/CoinSense101/status/1177161842482769920

 

had to log in to merit this gem. after all we are talking about shitcoins. don´t know if it possible to sum up shitcoinery in one meme in a better way.

Lol  the 'Sharding' of Ethereum  - such a DAO

[nikauforest]

Daily RSI is at 20.

The only time we have been this low in the last couple of years was when we bottomed at $3.1k.


Time to bounce

Yes ...but the weekly RSI is still relatively high and falling.

[HairyMaclairy]

I disagree on your interpretation of “relatively high”.  Weekly RSI is about 45 and falling.   Historically the only time we get under 45 Weekly RSI is during the significant bottoming events in January 2015 and December 2018.  I would say 45 Weekly RSI is “relatively low”.

To get much further down you have to assume a capitulation event. We already had our capitulation this cycle.  Am not convinced we need a second one this cycle.   During the 2013 first crash we never got below 48 Weekly RSI.

[~Money~]

i dont think we will face another 2018 movement, but if for any reason, like manipulating hashrate, news stream or any other piece of news weird news about crypto comes out, we will see real problem like 2015 and won't come out until we get a real volume on trades

personally dont think that happen, and we may get a pull back around 7k which May lead to a new ATH for the king

[JSRAW]

I remember this chick.... "Bitcoin Boom or Bust"

When to Sell Bitcoin? ‘Never’ — Mark Yusko Says BTC Like Amazon Stock

Speaking to CNBC in an interview on Sept. 27, the founder, CEO & chief investment officer of Morgan Creek Capital Management compared Bitcoin’s ten-year history to Amazon.

He was responding to concerns from regular cryptocurrency host Melissa Lee over the Bitcoin price, which fell below $8,000 on Thursday.

For Yusko, while the price of Bitcoin can go up and down, year-on-year growth gives a solid reason to buy and not sell it.

“All the indicators of the network and the network value are rising; the price of any asset fluctuates,” he explained.

[nikauforest]

I disagree on your interpretation of “relatively high”.  Weekly RSI is about 45 and falling.   Historically the only time we get under 45 Weekly RSI is during the significant bottoming events in January 2015 and December 2018.  I would say 45 Weekly RSI is “relatively low”.

To get much further down you have to assume a capitulation event. We already had our capitulation this cycle.  Am not convinced we need a second one this cycle.   During the 2013 first crash we never got below 48 Weekly RSI.

I see where you are coming from. The only thing I would add is we fell from 6k to 3k from these weekly RSI numbers. I don't discount a bounce here. I also would not be surprised if we go down to 7k. Beyond that I don't expect much further downside. I have been doing some buying at these levels , so that says something of my expectations.

[~Money~]

I remember this chick.... "Bitcoin Boom or Bust"

When to Sell Bitcoin? ‘Never’ — Mark Yusko Says BTC Like Amazon Stock

Speaking to CNBC in an interview on Sept. 27, the founder, CEO & chief investment officer of Morgan Creek Capital Management compared Bitcoin’s ten-year history to Amazon.

He was responding to concerns from regular cryptocurrency host Melissa Lee over the Bitcoin price, which fell below $8,000 on Thursday.

For Yusko, while the price of Bitcoin can go up and down, year-on-year growth gives a solid reason to buy and not sell it.

“All the indicators of the network and the network value are rising; the price of any asset fluctuates,” he explained.

thats a real valid reason for having btc on hands, but sometimes ppl need money and no matter what they have, it will be liquidated to fiat, if can crypto, stock, gold, ...

that unknown reason is why market sometimes crashes, and thats a big reason why institutional money are not always as good as it is.

[hv_]

I disagree on your interpretation of “relatively high”.  Weekly RSI is about 45 and falling.   Historically the only time we get under 45 Weekly RSI is during the significant bottoming events in January 2015 and December 2018.  I would say 45 Weekly RSI is “relatively low”.

To get much further down you have to assume a capitulation event. We already had our capitulation this cycle.  Am not convinced we need a second one this cycle.   During the 2013 first crash we never got below 48 Weekly RSI.

A log(USD) plot would be better to see, esp for early time frame

[HairyMaclairy]

I disagree on your interpretation of “relatively high”.  Weekly RSI is about 45 and falling.   Historically the only time we get under 45 Weekly RSI is during the significant bottoming events in January 2015 and December 2018.  I would say 45 Weekly RSI is “relatively low”.

To get much further down you have to assume a capitulation event. We already had our capitulation this cycle.  Am not convinced we need a second one this cycle.   During the 2013 first crash we never got below 48 Weekly RSI.

I see where you are coming from. The only thing I would add is we fell from 6k to 3k from these weekly RSI numbers. I don't discount a bounce here. I also would not be surprised if we go down to 7k. Beyond that I don't expect much further downside. I have been doing some buying at these levels , so that says something of my expectations.

Sure.  We are talking probabilities here.  I am not going to rule out a swing down to $7k either.  That’s only a 13% drop from here.   But I am calling an effective bottom somewhere around here. 

[DeathAngel]

Good to see there’s some confidence that we’ve potentially bottomed out here. It’s always a little worrying when we take a dive that bad. I’ll be looking to buy today at some point, will let a few hours pass until I nibble, I don’t want to see another leg down.

[Gyrsur]

let's wait for our friends at the East Coast (13:00 UTC) and from the Windy City (14:00 UTC) and then we will see if $8k will hold or not today.

[DeathAngel]

Bitcoin’s hashrate just hit another all-time high.

The most secure computing network in the world keeps getting more secure. (H/t @MatiGreenspan)

https://twitter.com/apompliano/status/1177514225524064257?s=21

[Lambie Slayer]

WO is under attack by scared elites who are now aware we are the future elites and desperately want to stop a changing of the guard as the levers of power are transferred to kinder and wiser WO hat members.

A society guided by the hidden hand of WO will be the first true "(S)Meritocracy"  

Plato described a similar hypothetical utopian society in The Laws when he proposed the creation of Magnesia. My friends we are living Plato's dream right here in WO, but frightened elites are taking futile measures against us.

https://www.cnn.com/2019/09/26/us/adl-new-hate-symbols/index.html

Thankfully our religion hat club   is backed by the most powerful hyper intelligent being in the known universe, Bitcoin. Bitcoin will neutralize these threats just as it is taking down Trump after he came out as not a fan of Bitcoin and derided it on the interwebs.

How does and will Bitcoin accomplish these things. That is a mystery beyond comprehension but as you smoke your daily hopium and transcend space and time buy the dips it will be clear to you that all these things are true bullish.  

Hail King BTCitcoin. Amen. Hodl  

[realr0ach]

Winthrop, fetch me the Bently so that we may drive to the shitcoin exchange and laugh at the misfortune of digital shitcoin scammers.

[btcbeliever]

... just as it is taking down Trump after he came out as not a fan of Bitcoin and derided it on the interwebs.
Hail King BTCitcoin. Amen. Hodl  

Stay tuned, Trump is killing his media-controlling opponents, a great flippining is coming, in which Trump will be powerfully vindicated with inconvenient truths coming out.  His recent anti globalist speech at UN will be remembered as one of greatest speeches iof all time.

[Lambie Slayer]

... just as it is taking down Trump after he came out as not a fan of Bitcoin and derided it on the interwebs.
Hail King BTCitcoin. Amen. Hodl  

Stay tuned, Trump is killing his media-controlling opponents, a great flippining is coming, in which Trump will be powerfully vindicated with inconvenient truths coming out.  His recent anti globalist speech at UN will be remembered as one of greatest speeches iof all time.

Trump doing so great he needed Ukraine to investigate Biden and his family bc he was worried he couldnt beat Biden(an old man with moderate dementia) without help  

I used to prefer Trump compared to the other options available, but ever since he denounced Bitcoin he has headed down hill and I have shifted all support to Andrew Yang, the only openly and strongly pro Bitcoin/Crypto Presidential candidate. Yang has just overtaken Beto in the polls and now only needs to gain a bit more in the polls to overcome Harris and Pete B. to take 4th place. Harris and Pete have mostly dropped in polls over the last few months while Yang support has grown exponentially.

Bitcoin and the right of the people to use private money that cant be debased is the most important issue of our time imo and any candidate who cant get on the right side of this is a no go for me.

[Fatman3001]

... just as it is taking down Trump after he came out as not a fan of Bitcoin and derided it on the interwebs.
Hail King BTCitcoin. Amen. Hodl  

Stay tuned, Trump is killing his media-controlling opponents, a great flippining is coming, in which Trump will be powerfully vindicated with inconvenient truths coming out.  His recent anti globalist speech at UN will be remembered as one of greatest speeches iof all time.

That is impressive.

And with such conviction!



Further studies are needed.

[Last of the V8s]

nice work lambo slayerin other wtf's, imagine being so poor you can't even spell Bentley

[realr0ach]

Reminder that even though Trump has done absolutely nothing useful such as executing evil cult of Judaism members like Soros for the thousands of capital crimes he's committed and attempted overthrow of every European descent country on earth with the Hooton/Kalergi plan, enormous neo-Marxist faggot Hairy McLarry actually voted for Hillary Clinton instead.