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

[Hyperjacked]

Opinion of John Bollinger, inventor of the Bollinger Bands ..

Presently, because the Bitcoin market is choppy and consolidating following the break below the $8,000 mark in late November, BB shows that there is a squeeze. Aforementioned, a breakout because of this accumulation is on the offing, benefiting HODLers.

Source: https://twitter.com/bbands/status/1205601394616483840

Traders who use the Bollinger Bands to filter out signals often watch out for this pattern. When it prints, usually high volatility is on the offing. In this scenario, BTC prices are largely stuck on range mode. As prices consolidate–bulls are overwhelmed by a wave of incessant bears, aggressive traders can begin placing limit positions on either side of the divide in expectation of a relieving price rally, or a discouraging dump.

Source: https://coingape.com/bollinger-bands-squeezing-is-bitcoin-btc-ready-for-9000/

John Bollinger is a rockstar ! The bb’s are the cats pajamas...  gotta love the tighter the range the more explosive the move!
Cheers 🥂

[jojo69]

Wait.

Did Bollinger himself just use the word HODL?!

[Hyperjacked]

Wait.

Did Bollinger himself just use the word HODL?!

No doubt he reads WO 😎

[STT]

Nice.  But I'd never take one indicator by itself, its all part of the picture.    His Bolinger bands can be working just fine and we can scrape along the bottom for 6 months I guess.     Using daily bars like that is kinda short term so yea we're nearer to the bottom of the band, seems fair.

[Hyperjacked]

Nice.  But I'd never take one indicator by itself, its all part of the picture.    His Bolinger bands can be working just fine and we can scrape along the bottom for 6 months I guess.     Using daily bars like that is kinda short term so yea we're nearer to the bottom of the band, seems fair.

TA Should be a mosaic imo but bb the shizzle wit da sizzle!

[vapourminer]

Requesting to add
#coloscophobia

I had coloscopy once, without any meds or narcotics. I certainly didn't enjoy it, but it also wasn't a very bad experience at all. A couple of kinda numb feeling pinch-like shoots of light to medium pain sensations, nothing that gets you worried. The "hose" is 10mm thin, so even thinner than an index finger.
Get over your fears and get it done. Don't worry you might enjoy it, because you won't.
Taking pills before coloscopy is something for the ladies 
(sorry ladies, no offense)

one word: proponfol. youll never know it happened.

if it was good enough to kill michael jackson, its good enough for me.

[HI-TEC99]

Nice.  But I'd never take one indicator by itself, its all part of the picture.    His Bolinger bands can be working just fine and we can scrape along the bottom for 6 months I guess.     Using daily bars like that is kinda short term so yea we're nearer to the bottom of the band, seems fair.

TA Should be a mosaic imo but bb the shizzle wit da sizzle!

Most of it's crap. Jonoiv sold at 6k because of some Elliot wave crap, then it went to 14k.

...

I was about 90% until we hit 6000.  then I was'nt sure about this rally at all so sold for now.  

...this is a typical phase B of the elliot wave, and the volume confirms it.  

[JayJuanGee]

Ouch.

Didn't Hairy say something about middle december dump?

The good thing about dumps is the following pump... unless another dump follows.

Bleh, it's been long time since I don't have any idea what the price gonna do, so let's just let it be. This is fine.

I thought that a week or more ago, the longs out numbered the shorts, so if we can  get the shorts to out number the longs, then wouldn't that provide REKKening fuel?



Are we there yet?


Not there yet?

[HI-TEC99]

Ouch.

Didn't Hairy say something about middle december dump?

The good thing about dumps is the following pump... unless another dump follows.

Bleh, it's been long time since I don't have any idea what the price gonna do, so let's just let it be. This is fine.

I thought that a week or more ago, the longs out numbered the shorts, so if we can  get the shorts to out number the longs, then wouldn't that provide REKKening fuel?



Are we there yet?

[fillippone]

This is it. - Bye Crypto


https://www.youtube.com/watch?v=cf3lgs_fFnM

Can't Hear You Now - Mike Shinoda

Shinoda  
He's a genius at making beats and sound, but the rap is meh and the music is even weaker than linkin park's last album.
I'm a big fan of shinodas remixes and LP in the older days, tho.
The video is just   sooo 80's, but digital.
Thanks for sharing, Bitcoin is ded.

EDIT: Wait?!
One of the Kryptonians, again?
This is almost like bitcointalk-herpes.

To me, this is one of the best remixes ever (easy, when the original material is so good):

https://youtu.be/ofrB6OCSsgk

This is how I got to know Shinoda.

[HairyMaclairy]

Bitfinex long / short ratio now over double previous ATH.  Was about 3.5 to 1, now 7.6 to 1.

Bitmex funding costs haven't moved.  In fact, demand for shorts exceeds demand for longs (shorts pay longs).  Something is fucky.



https://i.imgur.com/zg4Iw4c.png

[fillippone]

Bitfinex long / short ratio now over double previous ATH.  Was about 3.5 to 1, now 7.6 to 1.

Bitmex funding costs haven't moved.  Something is fucky.

Why funding cost didn’t spike this time in your opinion?

[STT]

Mainstream headline follow up to the idea of dead mans switch.   $145m is alot of people losing their jobs or capital I guess, cant be a feasible scenario for a company to allow as even remotely possible.     



https://us.cnn.com/2019/12/14/business/lawyers-exhumation-gerald-cotten-intl-scli/index.html

[HairyMaclairy]

According to the 2015/16 fractal, we are on target.




https://i.imgur.com/NusTvTY.png

[HairyMaclairy]

CME Futures are responding well to the support line (shown in orange)



https://i.imgur.com/6heDkHD.png

[AlcoHoDL]

I had coloscopy once, without any meds or narcotics. I certainly didn't enjoy it, but it also wasn't a very bad experience at all. A couple of kinda numb feeling pinch-like shoots of light to medium pain sensations, nothing that gets you worried. The "hose" is 10mm thin, so even thinner than an index finger.
Get over your fears and get it done. Don't worry you might enjoy it, because you won't.
Taking pills before coloscopy is something for the ladies  
(sorry ladies, no offense)

EDIT: Just saw the dump. Unexpected, but not that of a surprise, too. #hodl on!

Civilized colonoscopies are done with intravenous diazepam, inducing a dreamlike half sleep which allows you to watch the procedure on the monitor without any discomfort. You don't even feel the insertion.

The worst part is the day before, evacuating your colon with a gallon of disgusting fruit-flavored laxative/electrolyte solution and shitting increasingly lighter-colored liquids until it's clear.

Not to mention the farting that follows...

Haven't had a colonoscopy myself, but have witnessed the aftermath. I remember waiting in a queue at a hospital, to see a gastroenterologist. There were two guys there, one had finished a colonoscopy and was recovering, and another one waiting to have one. The first guy said to us that he was soon going to start farting (the nurse had told him he had to let it all out) and apologized for this. Man, this was something. He started a non-stop farting concert, so long and loud, it was like he was first violin in the Vienna Philharmonic. All of us in the room were crying from laughter. Then the doctor came and said they had run out of normal "tubing" and had to use the "anaconda" (whatever that means). The guy that was waiting for the colonoscopy got scared and left shouting "I ain't doing this shit!"

Damn, that was an experience I'll never forget.

[HI-TEC99]

Will Craig Wright use his "exploit" to take down Bitcoin (BTC) by end of 2019?

"Craig Wright says he has an exploit to take down Bitcoin (BTC) by end of 2019. Does he? Or all talk?"

https://youtu.be/4TOnHAlI_Vg

WTF? I hope it's just Craig Wright talking out of his ass...

[Icygreen]

Ouch... Though I don't prefer to be the bringer of negativity, bitcoin is among the highest of the high-risk investment category. If there's a market sell-off, BTC, now inexorably tied with Wall Street, will be one of the first assets to suffer a major sell-off, as big-time investors (however ironically) plow their money into cash.

- stocks go down
- dollar becomes stronger
- Fed prints dollars
- stocks go up
- a bubble pops
- stocks go down
- dollar becomes strong
- Fed prints dollars
- stocks go up
- etc.

Apparently they can just keep doing this forever, and the cycle will continue forever... I'm not wrong until proven otherwise. The dollar is the worst form of currency except for all of the others, BTC included.

The case for BTC being some sort of alternative store of value to the dollar just isn't there yet, IMHO. Speculators have to get out first, which as we all know, isn't happening any time soon.

Ouch, that does sting a little. The real fear comes with a second drop below 6400  

[bitserve]

Ouch.

Didn't Hairy say something about middle december dump?

The good thing about dumps is the following pump... unless another dump follows.

Bleh, it's been long time since I don't have any idea what the price gonna do, so let's just let it be. This is fine.

I thought that a week or more ago, the longs out numbered the shorts, so if we can  get the shorts to out number the longs, then wouldn't that provide REKKening fuel?



Are we there yet?


Not there yet?

We are far from there. For that to happen, the margin longs should be squeezed first and way more shorts need to be piled up.

Maybe it is true we need to go to $6.5K first.
 
As Hairy says we are on schedule on the road to halving.

In a few months everything will be revealed.

[Hueristic]

Now that we're in the vortex, you wanna quit?

Fucking LOLing over here. Bravo. Have a great weekend.

Thanks Bob, you too.

Having just watched a clip of that scene makes me want to rewatch the whole thing. I've probably seen it 5 times but am due for another viewing.

For those missing the context:

https://www.youtube.com/watch?v=gP8_w1J5raY

If it wasn't for this thread I would have never seen this killer movie!


AFA price...

If my wallet is any indicator and it usually is then we are in for a reversal soon as I lost all my play money at the tables this week and have to be all responsible and shit till the end of the quarter. So I shall miss the opportunity this represents. Its interesting that I seem to have a inverse relationship with buying opportunities. I'm always flush when we are at peaks and tight in the valleys of death.