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

[marcus_of_augustus]

But volume is increasing on the lows and not the peaks so what does that say? Maybe it means demand.

... most likely it is a strong signal of accumulation, on balance of all probabilities.

[becoin]

Bakkt is getting a lot of volume at these levels, hopefully that is a good thing.

https://twitter.com/bakktbot

Bakkt is not a market. Bakkt is a price suppression tool. It is run by the same people that suppress the price of gold through naked short sales.

Or a tool for miners to sell their future coins at a guaranteed price. Or perhaps a tool for larger organisations to procure bitcoin in a regulated way. I'm not prepared to go full conspiracy theory yet on them. Time will tell.

But volume is increasing on the lows and not the peaks so what does that say? Maybe it means demand.

Fair marketplace for bitcoin futures is that marketplace where dollar futures are settled in bitcoins! Until you have futures that are settled in dollars there won't be any market, just price manipulation tool so that Fed can print more $$$.

[marcus_of_augustus]

time for two bottoms yet?

Hell, feel free to post bottoms even at a top.

Can't you see, those are distracting people on purpuse  

it's not surprising, the fertile female form was evolved as a highly successful distraction mechanism,

under the competitive forces of natural selection

[Hueristic]

Bakkt is getting a lot of volume at these levels, hopefully that is a good thing.

https://twitter.com/bakktbot

Bakkt is not a market. Bakkt is a price suppression tool. It is run by the same people that suppress the price of gold through naked short sales.

Or a tool for miners to sell their future coins at a guaranteed price. Or perhaps a tool for larger organisations to procure bitcoin in a regulated way. I'm not prepared to go full conspiracy theory yet on them. Time will tell.

But volume is increasing on the lows and not the peaks so what does that say? Maybe it means demand.

Your naive optimism is refreshing so have a +sM but I agree with Becoin.

[somac.]

Bakkt is getting a lot of volume at these levels, hopefully that is a good thing.

https://twitter.com/bakktbot

Bakkt is not a market. Bakkt is a price suppression tool. It is run by the same people that suppress the price of gold through naked short sales.

Or a tool for miners to sell their future coins at a guaranteed price. Or perhaps a tool for larger organisations to procure bitcoin in a regulated way. I'm not prepared to go full conspiracy theory yet on them. Time will tell.

But volume is increasing on the lows and not the peaks so what does that say? Maybe it means demand.

Your naive optimism is refreshing so have a +sM but I agree with Becoin.

Not saying it's not true, but we don't have any evidence either way yet. If 6 months after the halving we are down at these levels there might be some truth to it, and my suspicion will rise. But, until then I'll go off facts.

[realr0ach]

https://www.zerohedge.com/political/ruth-bader-ginsburg-hospitalized-again

A pathetic end to a pathetic creature.

[marcus_of_augustus]

https://www.theice.com/products/72035483/Bakkt-Bitcoin-USD-Daily-Futures

Ok, think I found the source of some of the confusion, BAKKT has 4 bitcoin trading products

.. there is now a cash-settled monthly futures as well as the bitcoin-settled monthly futures ...
and an option on monthly futures ... and a bitcoin-settled daily futures full retard on bitcoin derivatives  
but it's not like they don't already exist Bitmex, Binance, etc.

only the BAKKT bitcoin-settled monthly futures has any trade data

[becoin]

(Wo)w! Do i see a slightly changing the w.o. sentiment from extremly bullish to mild bearish?  

I still see new ATH before the halvening.
However, people should not forget the Proof of Key Day and do what they need to do!
https://www.proofofkeys.com/

[marcus_of_augustus]

(Wo)w! Do i see a slightly changing the w.o. sentiment from extremly bullish to mild bearish?  

I still see new ATH before the halvening.
However, people should not forget the Proof of Key Day and do what they need to do!
https://www.proofofkeys.com/

make sure you demand your trezor proves to you it has the keys it says it does?

[somac.]

Bounce would be nice.

[marcus_of_augustus]

https://www.youtube.com/watch?v=sMmTkKz60W8

buy

[HairyMaclairy]

We're starting our attack run.

I copy, Gold Leader. Move into position.

Stay in attack formation.

The exhaust port is marked and locked in.

[infofront]

(Wo)w! Do i see a slightly changing the w.o. sentiment from extremly bullish to mild bearish?  

Where have you been the last week?

[infofront]

$6,500 supposedly

[somac.]

Dayyym, down she goes. Surely Jimbo is on his way home soon.

Punching the clock until spring, gonna let surf, sun and wind rule life for awhile. Whadayagonnado, just keep buying as it gets cheaper.  What's the mining cost again?

I've heard chatter that 6500 is when some miners will start pulling out.

[Febo]

don't fight with the Swiss they all have weapons at home.  

The also have nuclear shelters at home. Every Swiss home has to be build with nuclear shelter. They definitely have a vision.

[Lambie Slayer]

The Bargain Boyz clearly have no interest in these prices so its going lower.

If 6400 doesnt hold and then I fully expect we plunge down to the 5200 range I suspect it will be a ride straight down with almost no big bounces in between, bc the April Tether Fud that started this Bubble took us from 5200 to over 7k with basically no big dips. Im expecting history to rhyme a bit and a straight shot to 5200 if Bargain Boyz dont rescue Bitcoin.

They told me they are celebrating Thanksgiving with fam this week so I wouldnt expect a Bargain Boyz ultra high volume bounce before then, maybe a low volume bounce that will get sold quickly at best.

This Thanksgiving is going to be full of Nocoiners saying "I hear Bitcoin crashed," and "I told you so" to noble Hodlers.  A small price to pay to be one of the future financial elite.

[somac.]

The Bargain Boyz clearly have no interest in these prices so its going lower.

If 6400 doesnt hold and then I fully expect we plunge down to the 5200 range I suspect it will be a ride straight down with almost no big bounces in between, bc the April Tether Fud that started this Bubble took us from 5200 to over 7k with basically no big dips. Im expecting history to rhyme a bit and a straight shot to 5200 if Bargain Boyz dont rescue Bitcoin.

They told me they are celebrating Thanksgiving with fam this week so I wouldnt expect a Bargain Boyz ultra high volume bounce before then, maybe a low volume bounce that will get sold quickly at best.

This Thanksgiving is going to be full of Nocoiners saying "I hear Bitcoin crashed," and "I told you so" to noble Hodlers.  A small price to pay to be one of the future financial elite.

5200. A lot of miners won't be profitable at those levels.

[lightfoot]

Protip: if you ever be in Switzerland don't take an others man wife because it could get ugly for you. 

Swiss are very big on following laws, so I wouldn't worry about rogue ammo. Now, the Swiss assault rifle is better than any club or bat known to man because... well, it's Swiss. So there is, as they say, that.

[HairyMaclairy]

The Bargain Boyz clearly have no interest in these prices so its going lower.

If 6400 doesnt hold and then I fully expect we plunge down to the 5200 range I suspect it will be a ride straight down with almost no big bounces in between, bc the April Tether Fud that started this Bubble took us from 5200 to over 7k with basically no big dips. Im expecting history to rhyme a bit and a straight shot to 5200 if Bargain Boyz dont rescue Bitcoin.

They told me they are celebrating Thanksgiving with fam this week so I wouldnt expect a Bargain Boyz ultra high volume bounce before then, maybe a low volume bounce that will get sold quickly at best.

This Thanksgiving is going to be full of Nocoiners saying "I hear Bitcoin crashed," and "I told you so" to noble Hodlers.  A small price to pay to be one of the future financial elite.

Hmmm I think you are starting to get a bit greedy Lambie.   It is possible, but I am not seeing justification for a downside breakout.  We are sitting at our channel bottom.  Yes we can pierce it to scare the peoples, but I see no particular reason why we should bust downwards out of the channel unless this is a final capitulation move?

Im calling for a bounce within the next 7 days, with possibly some more pain and suffering inbetween, but not much worse because we are already on the bottom of the channel.    From here even $6400 looks hard to reach.   I am not ready to definitively call a local bottom on this particular segment but getting close.