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

[HairyMaclairy]

The chart everyone loves to hate.  You can bitch and moan but it does look like it’s converging somewhat. 

[1713535308]

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[1713535308]

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[ipanks]

What do you think? 

[HairyMaclairy]

What do you think? 

Definitely darmklachten

[LUCKMCFLY]

Well now you can build your own LigtheningATM!



Y su contrucción técnica en GITHUB: https://github.com/21isenough/LightningATM

Source: https://decrypt.co/10046/ightningatm-how-to-make-your-own-bitcoin-atm

More  information here: https://decrypt.co/10046/ightningatm-how-to-make-your-own-bitcoin-atm

[LogitechMouse]

What do you think? 

More of a bearish move for me . Hope so
First time here 

[AlcoHoDL]

Hey WO gang!

Into lurking mode lately, far too busy with real-life stuff... Got a promotion at work, but not too excited about it. I do hope that soon I will not really need to work...

Corn has dropped quite a bit, so I sent a few $k over to Kraken to buy some more. Couldn't resist at such a low price. Now waiting for the transfer to complete (fiat is sooooo slow!).

In a few months' time we'll be wishing we had bought more BTC at four-digit prices. It's an opportunity not to be missed.

[ipanks]

What do you think? 

More of a bearish move for me . Hope so
First time here 

I guess so. But I don't expect to see more bearish hahaha

I hope the price can go up to $8300

[makrospex]

great! it sounds like a not so easy system for real pros. but what the hell do you mean with SOMA. I just asked before but probably you didn't read it.

Sorry Gyrsur, didn't notice. It's an inside game for WO-ers...

Straight Outta My Ass.

Meaning, I'm not that good at TA - mainly because I don't put a lot of faith in it.  I do have hunches, but they're wrong half of the time. So I plan for both scenarios. If I smell storms, I chicken out. When I think there's a decent chance to make a little profit one way or another, I put my big toe in the water. If it feels OK, I get knee deep. And so on. I never denied it does take a little work. What matters with me is that I can do it with a cool, detached head, without impulse "recovery" trades that would drag me in the abyss. Admittedly, cool comes easier once you manage to sit on a profit buffer AND you only stake all games with the same fixed amount, stashing away the excess into cold storage, with some sensible schedule you find works for you.

I'm pretty sure TA is short for SOMA.

Actually, SOMALIA (Straight Outta My Ass, Lines Included And All)  

[teosanru]

A quick Scalp Opportunity for today



On 5 minute chart we are in a sideways channel. Breaking it on either side could cause a lot of movement. So here is a great opportunity for short term traders. If btc breaks below 8200 we are getting a death crossover and also MACD Crossover and we are then going down towards 8050-8100. So you can short somewhere around 8195 and target towards 8100. It can be a good profit with some leverage on. Instead if BTC tries to move upwards in such scenario the 50MA would give a curvature upwards then buy above 8250 and target 8360 and 8400. The Stop loss should be on the other edge of this sideways channel. If you shorting SL would be 8250 and if longing SL would be 8200.

[legendster]

So now that we're back up in 8200's after a dip to the 7800's, how far do you think this rally could last?

Remember there was a similar dip to 8ks and a return to 9ks before dipping down to the current 8.2ks. Can that happen again? What do you guys think?

I still take an intermediate low of $5k-$6k around the end of Q4 into account, based on a giant bearflag, by my own lousy TA.
Otherwise i'm bullish for Q4 and 2020 in general, but if BTC is more than good at one thing, then it's to surprise.
My plan is to hodl on, save fiat, buy corn in Q1/2020 or even wait until the halving and invest in some shitcoin that is carried upwards by bitcoin, to compensate for missing out the $7-$8k range for rebuy (cause lack of fiat).


EDIT: It's all mindgames, but i won't be selling, that's for sure.

Share that TA with us. Let us also make a judgement on whether it is lazy or accurate.
tbh, $5k - $6k is way too low given the rebound tendency this year. I think by the time we close, we could be touching $9k or late $8ks.

I have my own TA for this too, but in my case, it is me who is lazy enough to not post it here 

[bucciarati]

Hey WO gang!

Into lurking mode lately, far too busy with real-life stuff... Got a promotion at work, but not too excited about it. I do hope that soon I will not really need to work...

Corn has dropped quite a bit, so I sent a few $k over to Kraken to buy some more. Couldn't resist at such a low price. Now waiting for the transfer to complete (fiat is sooooo slow!).

In a few months' time we'll be wishing we had bought more BTC at four-digit prices. It's an opportunity not to be missed.

step by step up the ladder you will find less work, no more ;-)

[rebal15]

A quick Scalp Opportunity for today



On 5 minute chart we are in a sideways channel. Breaking it on either side could cause a lot of movement. So here is a great opportunity for short term traders. If btc breaks below 8200 we are getting a death crossover and also MACD Crossover and we are then going down towards 8050-8100. So you can short somewhere around 8195 and target towards 8100. It can be a good profit with some leverage on. Instead if BTC tries to move upwards in such scenario the 50MA would give a curvature upwards then buy above 8250 and target 8360 and 8400. The Stop loss should be on the other edge of this sideways channel. If you shorting SL would be 8250 and if longing SL would be 8200.

FYI, most people in WO are not interested in 5 minute charts. Daily and weekly charts only.
Ask JayJuanGee for more infos.

[JayJuanGee]

Meh may need to concede that point, even if the data is cherry picked

Japan tho is not rational.  They do not have a functional bankruptcy system.  Instead zombie companies stagger on forever.  

How cryptic!!!!!

I suppose that this is crypto, so we are going to get some criptic, here and there.

[teosanru]

A quick Scalp Opportunity for today



On 5 minute chart we are in a sideways channel. Breaking it on either side could cause a lot of movement. So here is a great opportunity for short term traders. If btc breaks below 8200 we are getting a death crossover and also MACD Crossover and we are then going down towards 8050-8100. So you can short somewhere around 8195 and target towards 8100. It can be a good profit with some leverage on. Instead if BTC tries to move upwards in such scenario the 50MA would give a curvature upwards then buy above 8250 and target 8360 and 8400. The Stop loss should be on the other edge of this sideways channel. If you shorting SL would be 8250 and if longing SL would be 8200.

FYI, most people in WO are not interested in 5 minute charts. Daily and weekly charts only.
Ask JayJuanGee for more infos.

I understand this pretty well. But the thread is bitcoin price tracking and it's definitely no HARM in providing certain people an opportunity to look over the 5 minute chart and find some opportunity to trade upon that. Moreover OP clearly states that any type of TA is welcome until it's neatly done. So I am just trying to help the folks with my TA. If JayJuannGee Specifically says that short term speculations are not welcome I will surely ponder over his advice and try posting only long term analysis

[JayJuanGee]

be the wick you want to see.

You can gloat all that you want, but did you close your $8,420 short, or are you waiting for lower than $7,763?

[NeuroticFish]

I've got a bottle of palinca de pruna from Emil Florescu - Comuna Cuca - Jud Arges which I still haven't tried.  I bought it for all of the medical benefits listed on their brochure - a balm for the heart - is what really sold me on it

All good spirits are a balm for the heart 

I had to search on the internet for this product, that region doesn't really have a tradition in making palinca. Palinka is a Hungarian word after all and Arges county was not under Habsburg empire. (And there are quite some tricks to make it strong without destroying its taste, I don't know if this guy knows them or not.) The regions with real tradition and known for good palinca are Salaj county, Bihor county and Maramures county.

I've drank maybe over 100x more palinca than vodka in my life and unfortunately there are too many vendors that sell crap  just because 75% of the buyers don't drink it or just cannot feel the taste anyway because of the high alcohol content. Also some just sell weaker drink (tuica) as palinca.
However, whenever you decide to drink it, let me know how it was. I hope it is indeed a balm for the heart.

Edit:

[JayJuanGee]

So now that we're back up in 8200's after a dip to the 7800's, how far do you think this rally could last?

I think that we will get another decently large correction before we go above $17,400.

Remember there was a similar dip to 8ks and a return to 9ks before dipping down to the current 8.2ks. Can that happen again? What do you guys think?

Yes it is possible.

[JayJuanGee]

A quick Scalp Opportunity for today



On 5 minute chart we are in a sideways channel. Breaking it on either side could cause a lot of movement. So here is a great opportunity for short term traders. If btc breaks below 8200 we are getting a death crossover and also MACD Crossover and we are then going down towards 8050-8100. So you can short somewhere around 8195 and target towards 8100. It can be a good profit with some leverage on. Instead if BTC tries to move upwards in such scenario the 50MA would give a curvature upwards then buy above 8250 and target 8360 and 8400. The Stop loss should be on the other edge of this sideways channel. If you shorting SL would be 8250 and if longing SL would be 8200.

FYI, most people in WO are not interested in 5 minute charts. Daily and weekly charts only.
Ask JayJuanGee for more infos.

Yes.. that is true rebal15, and no homo, too.

[Lambie Slayer]

great! it sounds like a not so easy system for real pros. but what the hell do you mean with SOMA. I just asked before but probably you didn't read it.

Sorry Gyrsur, didn't notice. It's an inside game for WO-ers...

Straight Outta My Ass.

Meaning, I'm not that good at TA - mainly because I don't put a lot of faith in it.  I do have hunches, but they're wrong half of the time. So I plan for both scenarios. If I smell storms, I chicken out. When I think there's a decent chance to make a little profit one way or another, I put my big toe in the water. If it feels OK, I get knee deep. And so on. I never denied it does take a little work. What matters with me is that I can do it with a cool, detached head, without impulse "recovery" trades that would drag me in the abyss. Admittedly, cool comes easier once you manage to sit on a profit buffer AND you only stake all games with the same fixed amount, stashing away the excess into cold storage, with some sensible schedule you find works for you.

I'm pretty sure TA is short for SOMA.

Actually, SOMALIA (Straight Outta My Ass, Lines Included And All)  

I had heard Somalia was a shithole. No homo.

[El duderino_]

Just published my first Bitcoin focused article: “The Monetary Case for Bitcoin“. This is a long read exploring in details why Bitcoin is the most suitable form of money for our time, and why it has the potential to be a true monetary evolution.

https://medium.com/@ben_kaufman/the-monetary-case-for-bitcoin-778cd51ff272

https://twitter.com/_benkaufman/status/1180527004170510336?s=21