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

[whiteboy420]

BTC/USD
Long/Short Ratio
77:22
% of supply long:short
0.16:0.047
Long Daily Charge
$43,992
Short Daily Charge
0.49316 BTC
Total Long
29,399 ($195,903,176)
Funded Longs
$129,389,054
Total Short
8,420 ($56,107,512)
Funded Shorts
6,489 BTC


leveraged positions pilling on.

funding getting ridiculous.

started a small long.

observing 6550.

[1714193212]

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[El duderino_]

I have limit order longs that need filling

Are we there yet??

Damn need to turn around and HODLsleep further

[JayJuanGee]

[edited out]

Yes yes, the squirmings and thrashing of someone who is not heavily invested enough to let go of their fear and cant stand another who has no such fear.

Surely, you like to project a lot and to infer more from information than  is there.

In other words, I never said that I cannot stand you, and accordingly, you are overly inferring there.

Don't get me wrong on this, any such assertion from me that I can stand you does not mean that I like you...  

You will always be annoyed at the certitude of strong convictions such as mine or the Bargain Boyz bc they demonstrate the lacking in your own convictions, its your place in the scheme of things.

Huh?  I suppose that you are a superior being.

If you proclaim yourself to be superior, it must be true.

Carry on my friend as this is and always was your destiny.

I don't believe in fatalism, so there is that.  But, you can believe as you will; hopefully, it guides you well in your life.  

Just buy more Bitcoin and you wont be bothered so much when I correctly tell you we are going down more.   All your worry and issues with my downwards calls just show me the truth that you are not invested heavily enough.

I will let you know when the Bargain Boyz arrive, despite your squirming and protests.  

Brave call on this board.  The trend is down until it's not.

I try not to make the bearish calls much now because I sometimes don't have the energy for the arguments that ensue.

It is interesting that you identify the strength of protest with the degree of bullish commitment.  The holy grail of (contrarian) trading was always to find an pure untainted indicator of overall sentiment. When the bulls don't argue with bearish comment anymore, is that when the true bottom is in ?

I doubt that we really stop arguing.  This is bitcoin, but in 2015, the arguments of the bulls did seem to fade quite a bit, especially when we got to August through October.

I doubt that we are going to have another 2015-like scenario this time around, because it seems that we are well into early 2016 in terms of likely getting out of the doldrums, but never say never in bitcoinlandia.  If we get back down to the $4,500 arena, and stay there for any length of time, there could be a large amount of uncertainty and despair that might also demoralize bulls from posting as much in this here thread, and perhaps even forum-wide.

...Oh gawd, you are so full of shit.... especially when it comes to your last paragraph.

Harsh way of putting it, but yes, I also don't believe that there is a group that always knows what is going to happen.  

This is an interesting argument between 2 eloquent posters, very different in their approaches.

I'm  particularly intrigued by Lambie's notion that 100% commitment is needed for freedom from worry about price. In one way it makes sense, but its difficult to accept.

You gotta take his purported position with a BIG ASS grain of salt.

In other words, these are the interwebs, which allows Lambie/bambie to serve (without necessary real world costs) as a fucking exaggerator and a shit-stirrer.   

[Bossian]

Frankly it is not looking good at the moment, I would even say it's time to sell, and buy back below 8k. I am pretty sure we are heading towards 7k-ish but hopefully we never go back below 6.4k. If we go back below 6.4 there will be a lot of blood (not like the movie).
Then in the middle term there should be a bounce back above 10k (I hope) but breaking above 11k and most importantly above 12.4k will be very tough.
Just hoping the halving will make things move to our advantage, but the technical analysis is looking very ugly in the short term  

Posted 10 days ago.

I was talking about this 6.4k price, not surprised at all we went towards this price, thought it would be in December though.

Quite confident there is a bounce back from there though. It is a major and strong support.

[JayJuanGee]

Just buy more Bitcoin and you wont be bothered so much when I correctly tell you we are going down more.  All your worry and issues with my downwards calls just show me the truth that you are not invested heavily enough.

I will let you know when the Bargain Boyz arrive, despite your squirming and protests. 

Brave call on this board.  The trend is down until it's not.

I try not to make the bearish calls much now because I sometimes don't have the energy for the arguments that ensue.

It is interesting that you identify the strength of protest with the degree of bullish commitment.  The holy grail of (contrarian) trading was always to find an pure untainted indicator of overall sentiment. When the bulls don't argue with bearish comment anymore, is that when the true bottom is in ?

Yes strength of protest certainly shines a lot of light on what they really are going through atm.

More phoney baloney.

You may remember the approx 3100 Bottom on Dec. 15 '18 and two days later on the 17th when I declared the Bear Market to have ended that JJG engaged in a vicious battle with me that lasted for many days bc he was incredibly angered by the certitude of me claiming the bottom was in. Walls of texts and silly name calling ensued. It was the usual "how dare you you wanna be sorcerer," "ur so full of shit," "ive been here a few months longer than you so how dare you" routine he has developed.

He had actually given up on short term bullishness at that point and switched from getting angry when people made bear calls with conviction to getting angry when people made bull calls with conviction. I couldnt make this stuff up if I tried.

You could spin it in order to attempt to paint yourself as the next coming, though.   

kind of like this:

If he is going to be an accurate indicator in that fashion again we will need for him to start getting angry at bull calls to be sure the bottom is in. Mr. Goose is already posting pics of a frugal lifestyle so if JJG gets pissed at bullish calls hopefully we can start the run to 100k.

Yeah, right.... 

TLDR: Bitcoin trend changes revolve around Mr. Goose's spending habits and JJGs sententious and anger filled text walls.

Good luck with using those kinds of indicators while you are in the cave interpreting the moves of shadows.

[posi]

Surely this is close to the being over sold area now. How much lower can we possibly go before big players think fuck this & start buying large amounts.

Edit - Just for some perspective, I just googled to check what the price was at a similar point in time 6 or so months before the last halving so November 2015 -

https://www.google.co.uk/amp/s/cointelegraph.com/news/11112015-bitcoin-price-falls-sharply/amp





Following the significant Bitcoin price growth to nearly $500 last week, it went down sharply on November 10-11. Just a few days ago, the Bitcoin price faced the first wave of decline to the $370 - $390 level. During the last 24 hours, the price lost almost 20% on all major cryptocurrency exchanges and dropped to as low as $308 on some of them.

..................

At the moment of this article's writing, the BTC price fluctuated at $318-333.

The market always experienced significant dump in price during November till December while it experience slightly surge at the early of the halving year.
I think what we need to do now is to accumulate more coin before the big buy large amount but this current dump might be the role of the Winklevoss twins.

[JayJuanGee]

My long is being beaten to shreds, and happiness is a thing of the past.
What's a man supposed to do? Why, buying physical!
(Investment money decoupled from play stash.)

You did not sufficiently off-set with a short this time around?

[Lambie Slayer]

Just buy more Bitcoin and you wont be bothered so much when I correctly tell you we are going down more.  All your worry and issues with my downwards calls just show me the truth that you are not invested heavily enough.

I will let you know when the Bargain Boyz arrive, despite your squirming and protests. 

Brave call on this board.  The trend is down until it's not.

I try not to make the bearish calls much now because I sometimes don't have the energy for the arguments that ensue.

It is interesting that you identify the strength of protest with the degree of bullish commitment.  The holy grail of (contrarian) trading was always to find an pure untainted indicator of overall sentiment. When the bulls don't argue with bearish comment anymore, is that when the true bottom is in ?

Yes strength of protest certainly shines a lot of light on what they really are going through atm.

More phoney baloney.

You may remember the approx 3100 Bottom on Dec. 15 '18 and two days later on the 17th when I declared the Bear Market to have ended that JJG engaged in a vicious battle with me that lasted for many days bc he was incredibly angered by the certitude of me claiming the bottom was in. Walls of texts and silly name calling ensued. It was the usual "how dare you you wanna be sorcerer," "ur so full of shit," "ive been here a few months longer than you so how dare you" routine he has developed.

He had actually given up on short term bullishness at that point and switched from getting angry when people made bear calls with conviction to getting angry when people made bull calls with conviction. I couldnt make this stuff up if I tried.

You could spin it in order to attempt to paint yourself as the next coming, though.   

kind of like this:

If he is going to be an accurate indicator in that fashion again we will need for him to start getting angry at bull calls to be sure the bottom is in. Mr. Goose is already posting pics of a frugal lifestyle so if JJG gets pissed at bullish calls hopefully we can start the run to 100k.

Yeah, right.... 

TLDR: Bitcoin trend changes revolve around Mr. Goose's spending habits and JJGs sententious and anger filled text walls.

Good luck with using those kinds of indicators while you are in the cave interpreting the moves of shadows.

Every time you get mad at my predictions we just go down more, causing you to get even madder. You are doing this to yourself. 

[JayJuanGee]

Is this all you’ve got bears?

Nothing is going to scare unless you crash it to sub $5,000 & even then I’ll just load up on cheap coins & wait for the moon with a bigger stash.

Must try harder

hahahaha

That's the spirit!!!!   

[nutildah]

Perhaps we are just about there? $6300ish....

I kind of like this chart except your horizonal-ish (descending) lines aren't exactly parallel. Even though volume isn't that big I think we're nearing the bottom as well. The Bargain Boyz are seemingly nowhere to be found.

[nutildah]

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.

Naked shorting only works if the price never comes back up.

[JayJuanGee]

I'm not seeing many radically bullish outlooks on a run after the halvening?

Like overbought peaks around $300k-$500k range ...

when does the vertical part of an s-curve adoption happen or look like in retrospect? are we already in it?

$7 trillion? $10 trillion? is that a lot of money, I don't know anymore

Fed is printing "money" like spinning candy floss from sugar at the county fair!!

Personally, I suspect that it is not easy to see s-curve adoption while in the midst of it, but jeez, just mentioning the $300 to $500 price range was about where we were bouncing around during early 2016 - right before that particular halvening.

Couldn't between a 13x ($500) and 22x ($300) price increase from our current $6,600 in 4 years serve as a kind of ballpark indication that we might possibly remain within a kind of s-curve adoption?  Perhaps?  Perhaps?

[JayJuanGee]

Btc price was pretty much expected to fall when it dropped bellow 8900-ish.

Do you mean after October 25 or before October 25?  Likely October 25 affected expectations, even if a lot of folks considered that to be a bit of a pump, it still took 26 days to return to its $7,300-ish starting point.

If the poll results are any indication, there's more pain ahead.

Our low is within $15.  


OMG!!!!!!


OMG!!!!!


Odds are currently in favor of reaching such $6,500 before $7,500 absent some kind of miracle....


never say never in bitcoinlandia.  

Ummm mmm I just woke up to a beautiful morning. The sun is brighter than ever and my tea oh my god that tea tastes like it never did before.

People panic in the streets, my friend just texted me, "how lower will it goooo?" I told him "nobody knows "

Firesale...

Still Sticking to the plan..

 1-. DCA
2- BTFD

Its time for 2. Addicted to chaossss

Don't get toooooooo overly excited mindrust.

You might slip on a banana peel, and we would not want that.    

[HairyMaclairy]

Bottom of the channel continues to hodl, more or less.  



Fractal says we are in good buying territory - this is either the bottom or close to it before the halvening.  



What were we doing this time last year?  We were making our final run at the ultimate bottom which occurred on 15 December 2018.  Dotted grey vertical line is 26 November 2018.  Please note as a complicating factor, Thanksgiving fell on 22 November 2018, which preceded the bottoming.  The biggest and reddest candle was on 24 November...



My advice is don't chase the ultimate bottom.  You should slowly and cautiously fill your boots this Thanksgiving weekend, starting around now. 

[psycodad]

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

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

TFTFY - The responsibility for having a place for every citizen in a shelter has been moved back to the gubbermint quite some time ago (luckily, as these shelter-beasts cost quite a fortune when building a house). There was even a time when regular inspections made sure you have all the equipment in there needed for an emergency (like beds, air-filtering etc.).
It was always fun to watch my dad telling the inspectors to GTFO when they asked him to buy beds for our shelter. Our very own plan for an atomic blast was always to open a bottle of good wine and to enjoy the mushroom and the glow.

[Alexander_Z]

Frankly it is not looking good at the moment, I would even say it's time to sell, and buy back below 8k. I am pretty sure we are heading towards 7k-ish but hopefully we never go back below 6.4k. If we go back below 6.4 there will be a lot of blood (not like the movie).
Then in the middle term there should be a bounce back above 10k (I hope) but breaking above 11k and most importantly above 12.4k will be very tough.
Just hoping the halving will make things move to our advantage, but the technical analysis is looking very ugly in the short term  

Posted 10 days ago.

I was talking about this 6.4k price, not surprised at all we went towards this price, thought it would be in December though.

Quite confident there is a bounce back from there though. It is a major and strong support.

Yes, I remember this post. The current situation is very ugly, looking more and more like the end of 2018. I would not be surprised if we go to 5.2k to form inverse head and shoulders. Cryptowinter is not over yet. Even 3k (and double bottom) is not impossible.

[Majormax]

Frankly it is not looking good at the moment, I would even say it's time to sell, and buy back below 8k. I am pretty sure we are heading towards 7k-ish but hopefully we never go back below 6.4k. If we go back below 6.4 there will be a lot of blood (not like the movie).
Then in the middle term there should be a bounce back above 10k (I hope) but breaking above 11k and most importantly above 12.4k will be very tough.
Just hoping the halving will make things move to our advantage, but the technical analysis is looking very ugly in the short term  

Posted 10 days ago.

I was talking about this 6.4k price, not surprised at all we went towards this price, thought it would be in December though.

Quite confident there is a bounce back from there though. It is a major and strong support.

Yes, I remember this post. The current situation is very ugly, looking more and more like the end of 2018. I would not be surprised if we go to 5.2k to form inverse head and shoulders. Cryptowinter is not over yet. Even 3k (and double bottom) is not impossible.

Yes. It was looking bad after 13500 failed, as I posted at the time. The 10500 failure was even worse, as I also posted.

The loss of 7300, and the way it happened, now leaves open the possibility of a new low for the bear move (3k) sometime in the next year.  (This is, of course just chart-reading, which may or may not apply to BTC).

The real test now (and also arguably the biggest test of BTC's life) will be the halvening.  If the price does not show very considerable strength in the next year, that would be a sign that the whole game has changed.

Unfortunately, the outcome will take around a year to define . As always, it will be a test of faith, so doubters should sell now (although better during the expected bounce to 7.5k) , and hodlers should find some other diversion for their interest !

[hnbdgr]

Hu guys! I have a big respect for all who post here!!! I am a new generation honey badger and learned a lot from you! I am contemplating to take a bank loan equal to 2 year salary. My bank has some good  5 year credits (about 12% interest for the whole period). Even if the price falls to the 3100 bottom, it will recover soon, I have no worries about that. This is probably the last chance to increase my stash with several whole coins before the halving.

P.S. My friends who were afraid to buy at 3100 earlier this year, are now planning to invest serously. Bull sign that good times are ahead!

[JayJuanGee]

Frankly it is not looking good at the moment, I would even say it's time to sell, and buy back below 8k. I am pretty sure we are heading towards 7k-ish but hopefully we never go back below 6.4k. If we go back below 6.4 there will be a lot of blood (not like the movie).
Then in the middle term there should be a bounce back above 10k (I hope) but breaking above 11k and most importantly above 12.4k will be very tough.
Just hoping the halving will make things move to our advantage, but the technical analysis is looking very ugly in the short term  

Posted 10 days ago.

I was talking about this 6.4k price, not surprised at all we went towards this price, thought it would be in December though.

Quite confident there is a bounce back from there though. It is a major and strong support.

Yes, I remember this post. The current situation is very ugly, looking more and more like the end of 2018. I would not be surprised if we go to 5.2k to form inverse head and shoulders. Cryptowinter is not over yet. Even 3k (and double bottom) is not impossible.

Yes. It was looking bad after 13500 failed, as I posted at the time. The 10500 failure was even worse, as I also posted.

The loss of 7300, and the way it happened, now leaves open the possibility of a new low for the bear move (3k) sometime in the next year.  (This is, of course just chart-reading, which may or may not apply to BTC).

Exactly.  Your being wrong may apply to BTC, which means that BTC did not fail to break above $13,500 or $10,500 or $7,300.  Finding those as meaningful resistance areas rather than the tops of local tops are merely bad readings of the charts.

The real test now (and also arguably the biggest test of BTC's life) will be the halvening. 

No need to be soooooo dramatic Majormax.  The halvening is not a BIG test, but it is a restriction of the new supply that could take 6-18months or even longer to play out.

Of course, many of us are thinking, based on a seemingly front running of the four year fractal that BTC could be front running such price run, but surely such physical pressures could possibly be staved off for a longer period of time to try to shake more weak hands and to shake folks from believing in the four year fractal or whatever.  Nonetheless, it is not really as much of a BIG test as it is merely a waiting and seeing how all of the many factors play out including how BIG players attempt to use some of the new financialization tools at their disposal and whether BTC's hard supply limits are going to make it much more difficult to use such tools to keep king daddy down.

If the price does not show very considerable strength in the next year, that would be a sign that the whole game has changed.

I doubt it.  There could be efforts to keep king daddy bitcoin down for a period that is longer than one year, and maybe even two years, but seems also that the limited supply is going to be a problem for anyone attempting to keep her down for too long, and especially if more and more people move to managing their own private keys and refusing to sell which shrinks even more the amount of BTC supply that is available for trading or creating the appearance that BIG players are not engaging in fractional reserves- or they may just admit that they are engaging in fractional reserves, which might cause even more push towards keeping your own keys and causing a premium on those who are keeping their own keys.

Unfortunately, the outcome will take around a year to define .

Could take longer if such shenanigans are attempted during this fractal cycle to attempt to demoralize those who are believing in the 4-year fractal cycle.

As always, it will be a test of faith, so doubters should sell now, and hodlers should find some other diversion for their interest !

You said that a few times before, especially in late 2018 before it was confirmed that we had been in a bear market (after the November halvening of BTC price), and so far currently, since about May, we are still confirmed to be in a bull market, so there could be some fireworks here that people interested in BTC would like to witness... and yeah we could go back down to a bear market, but probably we would need to get down into the sub $5ks and likely even below our April 1 breakout price of $4,200.. which could be a bit of a challenge to get there.  NOT impossible, but surely a challenge.

[Majormax]

.....since about May, we are still confirmed to be in a bull market, so there could be some fireworks here that people interested in BTC would like to witness... and yeah we could go back down to a bear market, but probably we would need to get down into the sub $5ks and likely even below our April 1 breakout price of $4,200.. which could be a bit of a challenge to get there.  NOT impossible, but surely a challenge.

Agree with most of your points.

Just one question : How are we confirmed to be in a bull market ?   ( Empirical evidence) 

The shape of the chart looks to me like a rally in a bear market. It has that sort of shape, with the rises sharp, and the falls grinding and waterfall-like.

The shape was like a bull market up to June this year, but suddenly everything changed with that spike to 13500.