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

[whiteboy420]

BTC/USD
Long/Short Ratio
84:15
% of supply long:short
0.21:0.037
Long Daily Charge
$37,883
Short Daily Charge
0.32568 BTC
Total Long
37,880 ($285,020,484)
Funded Longs
$126,276,811
Total Short
6,743 ($50,736,355)
Funded Shorts
4,587 BTC


closed my long because its the most crowded trade on the internet.

went short @7580$

feeling not so confident (tight stops)

https://www.tradingview.com/x/lTknVaPh

Good move.
But don't forget to buy again at 6k-ish as there will be another bounce back and this time it should be higher than 7.7k range.

In terms of short term BTC price predictions, I would not rule out up, even though down or sideways could be correct outcomes, at least in the short to medium term, but if you don't have any coins and you are thinking about investing, what do you do?  Wait to buy?  

What if you have some bitcoins, but you are nervous about the short term price?  Do you hold or do you sell and wait to buy back lower?

Currently, BTC price is bounce/floating between about $7,300 to $7,600, I am not going to get too excited regarding short-term BTC price moves unless there is a break below $6,700 or a break above $8.2k.  

Furthermore, I continue to sense overexuberance in the alt coin space, so even though i sense that there could be somewhat of an altcoin season that comes sometime in the future that goes up along with BTC, there likely remains a lot of froth that can be purged from that space, and if it is purged, it might cause some continued downward pressures on BTC.  

Nonetheless, those kinds of short term uncertainties about BTC price and even concerns about various froth in the space that goes beyond bitcoin to some degree don't really say much at all about ongoing and decently strong BTC fundamentals, that can cause sporadic upbursts in BTC price from time to time.  

Will we see such sporadic upbursts in BTC price in the near future, could be, and I would hate to be a fence-sitter or take the wrong side of a bet during such possible upsurge happenings, but hey each of us have to make our own choices regarding what actions might be prudent in terms of BTC holdings.  

tldr

BTC/USD
Long/Short Ratio
85:14
% of supply long:short
0.21:0.035
Long Daily Charge
$37,759
Short Daily Charge
0.30891 BTC
Total Long
38,059 ($287,075,231)
Funded Longs
$125,862,175
Total Short
6,393 ($48,221,760)
Funded Shorts
4,477 BTC


dump should be close.

https://bfxmargin.com

[BitcoinGirl.Club]

Good afternoon WO!
Observing @ $7,523

[El duderino_]

https://bitcointalk.org/index.php?topic=5151405.msg53301168#msg53301168

^
Saturday was fine.
Me and my friend, awesome times.
Foodporn 9 way long.

[LFC_Bitcoin]

https://bitcointalk.org/index.php?topic=5151405.msg53301168#msg53301168

^
Saturday was fine.
Me and my friend, awesome times.
Foodporn 9 way long.

Saturday cocaine.
Me and my girl too fucked up.
Tired but back to life.

[BitcoinGirl.Club]

^
But there were no weekend pump 😀

This is fine.

[El duderino_]

^
But there were no weekend pump 😀

This is fine.

Indeed that was the negative side, just as my drunk promising to him a few weeks earlier .....

Though we had an awesome evening that can’t be taken away anymore and more important as only stacking money ....

[Last of the V8s]

https://zuxbux.win/
cute one from Giacomo

...Carefully take note of all the gaslighting tactics, the rhetoric tricks, the fallacies, the dissimulated double-standards, the confusing intellectual Rube-Goldberg machines, the unholy hybrids of mellifluous sealioning and aggressive Gish-galloping. Then just embrace them, accept them...and, finally, enhance them! Remember: the same exact “arguments” the Axl Rose look-alike uses to confuse people interested in Bitcoin and to justify his scam, can be used by you to confuse people interested in HEX and to justify your own scam!!!...

https://www.youtube.com/watch?v=RY1KoQXM-R0 He was on Heart's channel earlier, trolling gently.

[jojo69]

it was a sideways pump


edit...spoke too soon

[LUCKMCFLY]

Analysis by Tom Lee ..

We may be about to test
@fundstrat
's theory.

S&P up 27% in 2019. Up 4% from November breakout.

Will a rising S&P tide bring the Bitcoin boat up also?

“Bitcoin does best when the S&P’s up more than 15%.”
- Tom Lee

Source: https://twitter.com/caprioleio/status/1203628681903689728

[BitcoinGirl.Club]

Indeed that was the negative side, just as my drunk promising to him a few weeks earlier .....

It does not matter!

Though we had an awesome evening that can’t be taken away anymore and more important as only stacking money ....

Happy for you. Family comes first.

it was a sideways pump

Moving sideways from long time! It's boring.

[JayJuanGee]

^
Perhaps keeping it simple for the general audience.  Lots of folks will stop listening if they don't understand what's being said. He appeals to a large group of investors I'd imagine of which most probably won't understand mining.

For context, we are referring to my comments about the Tim Draper interview video.

Even though I agree with you (Icygreen) that Draper likely attempts to frame his discussion in terms of broad context ideas, I stick by the comments of my earlier post, and I may even double down to assert that he might not even understand the significance of certain technical aspects of projects in which he invests.  

I am NOT trying to act as if I am technically smarter than Draper, but he is more of a broader concepts kind of investor and he does not necessarily get into the technical weeds of his various investments, but he does seem to be more than ready, willing and able to get into investing into technical matters that he does not understand so long as he largely agrees with the overall offer proposition of the thing that he is investing into.  Probably the fact that he dabbles with a large number of investments at the same time, necessitates that he does not get into too many technical details, so, again, I am not sure whether he actually understands the significance of the every two weeks mining adjustment (because it would be easy enough to put that into laymans terms), but of course, I recognize that he easily would understand the whole concept if anyone were to explain it to him (presuming that he currently does not recognize it as an important factor to mention in these kinds of public overview of bitcoin discussions).

I will also assert that even though Draper does not seem to get into the weeds of any technical proposition arguments, he also does not seem to be easily distracted into any kinds of pumping up of various shitcoins, and maybe he does invest in shitcoins but just does not talk about them.  Most of all interviews that I have seen him, he will redirect any attempts at shitcoin talking back towards bitcoin.  So, whether he ends up being correct or not, his not getting into shitcoins is something else that bitcoin maximalists can appreciate.

Don't get me wrong, I, personally, am not really hostile to various possible technical offerings of shitcoins, but I am frequently against either overexaggerating their importance or attempting to put them on some kind of equivalency pedestal as bitcoin, when there is a BIG ASS lacking of actual factual and logical evidence to show any shitcoin to come even close to bitcoin, and I hate to even mention the network effects of Ethereum in this regard, because even the network effects of ethereum seem to be considerably built upon smoke and mirrors that have decent odds of completely collapsing in spite of all the supposed hundreds of thousands of snot nosed 14 year olds building upon it.  But hey what do I know?  I am surprised that ethereum is seemingly holding its own (to the extent that it is) for more than 5 years already... holiey ba-jeezus!!!!!  

[JayJuanGee]

^
But there were no weekend pump 😀

This is fine.

Indeed that was the negative side, just as my drunk promising to him a few weeks earlier .....

Though we had an awesome evening that can’t be taken away anymore and more important as only stacking money ....

I am a bit unclear about what you mean about this "stacking money" concept?  Are you saying it is a good thing to "stack money"?  or a bad thing?  or something else?

Maybe it is a "bad" english thing coming out of the keyboard of "this particular" team associate?   

Or alternatively, it is possible that I might just be NOT understanding some kind of contextual issue regarding this usage. Perhaps?

[mindrust]

Some hopium charts.

On the first one, the daily 350 MA is holding quite well while the Mayer Multiple is 0.78. Last time MM was this low it was the last year when the bitcoin was below $4k.

On the second chart we see the 200 Weekly Moving Average. According to this one, we never entered the bear market at all. The moment we came pretty close was last year when the price was $3.2k. What happened then? A mini bull to 14k.

Conclusion: We are very close to the bottom.

Now the Important Questions:

Q- Can it go lower?
A- Sure it can.

Q- Is it worth waiting?
A- I don't think so.

Q- Would you go all in from these prices?
A- Not my thing but I would start putting some serious amounts if I had no bitcoins. I personally increased my DCA's lately. (I did slow it down it in after May when it was above 10k and I told you when it was happening)

It is under 10k. Very close to the some serious support levels. 200DMA was a serious one too but I remember what I said back then, the real boss is the 350DMA. (The king boss commanding general is 200WMA)

I would buy bitcoin from these levels and that's what I am doing.

[El duderino_]

^
But there were no weekend pump 😀

This is fine.

Indeed that was the negative side, just as my drunk promising to him a few weeks earlier .....

Though we had an awesome evening that can’t be taken away anymore and more important as only stacking money ....

I am a bit unclear about what you mean about this "stacking money" concept?  Are you saying it is a good thing to "stack money"?  or a bad thing?  or something else?

Maybe it is a "bad" english thing coming out of the keyboard of "this particular" team associate?   

Or alternatively, it is possible that I might just be NOT understanding some kind of contextual issue regarding this usage. Perhaps?

It’s not to difficult actually ..... don’t only save money in general ( money = which money or whatever you prefer that’s valuable to you...)
But have fun as well!!!

[BitcoinGirl.Club]

<snip>

I would buy bitcoin from these levels and that's what I am doing.

Bitcoin spirit!

[jupiter9]

Do you know what happens on the eleventh and 12th year? I could only find for the 1-10 year cycle.

Assuming it is a cycle, repeat 1 to 10 for the 20 year cycle?

https://www.quora.com/What-is-W-D-Gann-time-cycle-its-application-in-stock-market

Bullish if true@?

[Cryptotourist]

Bullish if true@?

Bullish, period, halving is around the corner.

Grab them while you still can.

[VB1001]

Looking for the beginning of the hats, written directly, highlighting, the most interesting, just trying to tell this beautiful story:

When reviewing the pages of 2018, the first publication that refers to a hat is a Last of the V8s publication, it seems that it was the trigger of the WO hats at the HairyMaclairy appointment.

From my recollection, this early hat history conversation goes back before October 15, 2018 - because I believe that the main reason that V8 was razzing Hairy so much about hat eating was because months earlier Hairy had said that he would eat his hat if there was certain BTC price movement.  I can't remember exactly the bold prediction, so I went back and looked at Hairy's posts for many months before October 15, but I could not find such post.. so I cannot exactly refresh my memory with an actual post.

I don't know, this morning I arrived until October 10 and I didn't find anything about it and the phrase V8 have you ever eaten a hat?
It refers to the previous publication of hairy for BFX deposits 15 Oct.

https://bitcointalk.org/index.php?topic=178336.msg46903711#msg46903711

I do agree that it can be quite funny or ironic how each of us can have differing recollections of aspects of history, and even which parts of the history had pushed forward the dominance of a certain kind of narrative.

Of course, not too much unlike the blindfolded folks assessing what is an elephant from their various perspectives.



Or, perhaps more accurately, like two elephants wrestling?



The one on the bottom is me... hahahahahaha:  "I give up.  I give up."   The one on the top is VB1001.  

ha, ha, this will never happen.

[gembitz]

^
Perhaps keeping it simple for the general audience.  Lots of folks will stop listening if they don't understand what's being said. He appeals to a large group of investors I'd imagine of which most probably won't understand mining.

For context, we are referring to my comments about the Tim Draper interview video.

Even though I agree with you (Icygreen) that Draper likely attempts to frame his discussion in terms of broad context ideas, I stick by the comments of my earlier post, and I may even double down to assert that he might not even understand the significance of certain technical aspects of projects in which he invests.  

I am NOT trying to act as if I am technically smarter than Draper, but he is more of a broader concepts kind of investor and he does not necessarily get into the technical weeds of his various investments, but he does seem to be more than ready, willing and able to get into investing into technical matters that he does not understand so long as he largely agrees with the overall offer proposition of the thing that he is investing into.  Probably the fact that he dabbles with a large number of investments at the same time, necessitates that he does not get into too many technical details, so, again, I am not sure whether he actually understands the significance of the every two weeks mining adjustment (because it would be easy enough to put that into laymans terms), but of course, I recognize that he easily would understand the whole concept if anyone were to explain it to him (presuming that he currently does not recognize it as an important factor to mention in these kinds of public overview of bitcoin discussions).

I will also assert that even though Draper does not seem to get into the weeds of any technical proposition arguments, he also does not seem to be easily distracted into any kinds of pumping up of various shitcoins, and maybe he does invest in shitcoins but just does not talk about them.  Most of all interviews that I have seen him, he will redirect any attempts at shitcoin talking back towards bitcoin.  So, whether he ends up being correct or not, his not getting into shitcoins is something else that bitcoin maximalists can appreciate.

Don't get me wrong, I, personally, am not really hostile to various possible technical offerings of shitcoins, but I am frequently against either overexaggerating their importance or attempting to put them on some kind of equivalency pedestal as bitcoin, when there is a BIG ASS lacking of actual factual and logical evidence to show any shitcoin to come even close to bitcoin, and I hate to even mention the network effects of Ethereum in this regard, because even the network effects of ethereum seem to be considerably built upon smoke and mirrors that have decent odds of completely collapsing in spite of all the supposed hundreds of thousands of snot nosed 14 year olds building upon it.  But hey what do I know?  I am surprised that ethereum is seemingly holding its own (to the extent that it is) for more than 5 years already... holiey ba-jeezus!!!!!  

Drapers' kool aid strong! :-D ~ i met him last year fwiw* lol

[Last of the V8s]

https://www.prnewswire.com/news-releases/ledgerx-announces-change-to-executive-leadership-300971599.html
further news in the feud with CFTC, upshot is the board yanked Chou, seems like they want to make money


BOOOOOLISH:

The board of directors appointed Larry E. Thompson as interim Chief Executive Officer and Lead Director of Ledger Holdings.

Mr. Thompson joins Ledger Holdings following an over 30-year career on Wall Street, where he served in a variety of senior-level roles, including General Counsel and, most recently, Vice Chairman of the Depository Trust & Clearing Corporation (DTCC).