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

[Biodom]

Would be the dumbest move ever...... if the bottom is in ?? You don’t wanna be left behind with some lame paper stacks

Especially since Gemini, for example, pre-credits your buy.
Essentially, you say "transfer X $$", then these $$ (up to a substantial sum) are available for btc purchase immediately, which is very convenient.

[El duderino_]

[Ibian]

The Greta Thunberg Helpline has been launched to provide counseling services to middle aged men



More information here: https://youtu.be/gl99R6FM5s8

Not the child. Her parents. The child is a victim.

[Ibian]

Anyone else feel like Greta's speeches sound rehearsed? I don't know, the way she talks creeps me out.

There is a clip of her off-script. She has nothing to say on her own.

[El duderino_]

[El duderino_]

Bitcoin vs. Bitcoin SV in a nutshell.

https://twitter.com/fluffypony/status/1178319864970256384?s=20

  haha nice one lol

[Lambie Slayer]

In November 2018 we broke down sharply from 6k on Nov 14, it lingered range bound for 5 days around 5500 and on the 5th day it plummeted to the 4ks.

For those seeing thinking the breakdown of 9k is analogous to the 6k breakdown last winter, it should be noted we have lingered for 5 days around 8k since the 9k breakdown and if its a similar pattern we can expect a sharp drop very soon, maybe today.

Holding in this area is critical to avoid further massive damage to price.

Be safe out there.

[mindrust]

We are used to it. Going back to $5k or even $3k at this point doesn't mean anything to me other than "cheap coins". We already survived it once, we can do it again.

[Gyrsur]

In November 2018 we broke down sharply from 6k on Nov 14, it lingered range bound for 5 days around 5500 and on the 5th day it plummeted to the 4ks.

For those seeing thinking the breakdown of 9k is analogous to the 6k breakdown last winter, it should be noted we have lingered for 5 days around 8k since the 9k breakdown and if its a similar pattern we can expect a sharp drop very soon, maybe today.

Holding in this area is critical to avoid further massive damage to price.

Be safe out there.

good find, btw. but the drop was caused by fundamental issues (HashWar).

EDIT: question because I cannot remember. what caused the rally to > $10k from the bottom $3.2k? were there fundamental events for this? not really right?

[mindrust]

In November 2018 we broke down sharply from 6k on Nov 14, it lingered range bound for 5 days around 5500 and on the 5th day it plummeted to the 4ks.

For those seeing thinking the breakdown of 9k is analogous to the 6k breakdown last winter, it should be noted we have lingered for 5 days around 8k since the 9k breakdown and if its a similar pattern we can expect a sharp drop very soon, maybe today.

Holding in this area is critical to avoid further massive damage to price.

Be safe out there.

good find, btw. but the drop was caused by fundamental issues (HashWar).

EDIT: question because I cannot remember. what caused the rally to > $10k from the bottom $3.2k? were there fundamental events for this? not really right?

BAKKT bought 10k coins. I don't know any other good explanation to that pump.

[Gyrsur]

In November 2018 we broke down sharply from 6k on Nov 14, it lingered range bound for 5 days around 5500 and on the 5th day it plummeted to the 4ks.

For those seeing thinking the breakdown of 9k is analogous to the 6k breakdown last winter, it should be noted we have lingered for 5 days around 8k since the 9k breakdown and if its a similar pattern we can expect a sharp drop very soon, maybe today.

Holding in this area is critical to avoid further massive damage to price.

Be safe out there.

good find, btw. but the drop was caused by fundamental issues (HashWar).

EDIT: question because I cannot remember. what caused the rally to > $10k from the bottom $3.2k? were there fundamental events for this? not really right?

BAKKT bought 10k coins. I don't know any other good explanation to that pump.

ok, thank you! and now they are selling back slowly to investors. roughly $6k should be the lowest bottom until halving and some time after in my humble opinion. if nothing wild will happen like the HashWar or TulipFund / Faketoshi.

[fillippone]

My explanation for price pump and following dump is the following:

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 and buying bitcoin outright. This happened in the past months.
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).


Speaking of futures, I wrote this thread on the future definition, usage, contract detail, lingo etc.

Everything you wanted to know about BTC futures but were afraid to ask!


Please let me know if you like and how to improve it!
I am going to add details on the next days. This work was more time draining than expected!

[BitcoinGirl.Club]

What is it in 2024. I failed to recognize it.

[makrospex]

There's a bit more downward momentum than the beginning of the day now, but pretty good resistance figures too.
Maybe a little chance to visit $7.500?

EDIT: The time i wrote this it bounced off $7.940, there obviously has to be a substantial dump to break through to $7.5k, despite the low volumes of today.
I'll wait if monday will be bloody or not.

[Gyrsur]

What is it in 2024. I failed to recognize it.

seems for me like a truck in the basket. roughly 500k worth.

[mindrust]

In November 2018 we broke down sharply from 6k on Nov 14, it lingered range bound for 5 days around 5500 and on the 5th day it plummeted to the 4ks.

For those seeing thinking the breakdown of 9k is analogous to the 6k breakdown last winter, it should be noted we have lingered for 5 days around 8k since the 9k breakdown and if its a similar pattern we can expect a sharp drop very soon, maybe today.

Holding in this area is critical to avoid further massive damage to price.

Be safe out there.

good find, btw. but the drop was caused by fundamental issues (HashWar).

EDIT: question because I cannot remember. what caused the rally to > $10k from the bottom $3.2k? were there fundamental events for this? not really right?

BAKKT bought 10k coins. I don't know any other good explanation to that pump.

ok, thank you! and now they are selling back slowly to investors. roughly $6k should be the lowest bottom until halving and some time after in my humble opinion. if nothing wild will happen like the HashWar or TulipFund / Faketoshi.

Exactly, BAKKT bought their stack and now its investors are dumping on each other. It will go on and on till only buyers and holders left. $6k is also many people expect as the next bottom. I don't want it but I am ready for it.

[Last of the V8s]

is it the whole supermarket building?

[El duderino_]

Nobody was talking about BAKKT when the price was rising....

I don’t think BAKKT have had anything to do with any pump yet from this year....

[LFC_Bitcoin]

We are used to it. Going back to $5k or even $3k at this point doesn't mean anything to me other than "cheap coins". We already survived it once, we can do it again.

If we drop to $3,000 I will honestly put every single penny I have into bitcoin. I’m already way too heavily (for most people) invested in bitcoin but I will put my emergency fiat stash into bitcoin (which I said I’d never do).

[fillippone]

Nobody was talking about BAKKT when the price was rising....

I don’t think BAKKT have had anything to do with any pump yet from this year....

For sure we spoke about Bakkt being a positive catalyst on the exiting from the crypto winter.
There was a lot of theories about bakkt launch, with mini-dump each time it got delayed..