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

[LFC_Bitcoin]

How are your testicles holding up, folks ?

Plump, shiny, ready for anything.

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[JayJuanGee]

That combined order book on bitcoinity.org appears to be a new feature.

It works pretty good.

I wished there were a feature on the site to eliminate some of the exchanges, too.... but hey, beggars cannot be choosers, right?

I do see that if I hover the bar over any of the particular exchanges, it will show the order book for that exchange by itself.  That could be somewhat helpful when attempting to look at Bitstamp by itself, for example.

[JayJuanGee]

Just a thought but the fractal definitely resembles 2014 a lot more than 2018. 2018 we had the huge descending triangle, 2014 it was a clear downward channel which we are in now.

Looks more like sideways to me, currently, but what do I know. 

I am looking at the top of the 2013 BTC price as compared with the top of the 2017 BTC price, and I see a channel that had happened earlier, and then turned into a bit of sideways (or at least less of a slope than the 2013 channel, if you take the whole period into account rather than merely looking at $13,880 until now. 

$13,880 until now does not seem to be a representative period or sample or even to capture the whole dynamics of what is going on, but instead seems to represent a selective and out of context pessimism.

[BitcoinGirl.Club]

<snip>

Plump, shiny, ready for anything.

Shiny? You got ring there or what? 😀

By the way, Liverpool nursery team lost by 5 -0 🤪
https://www.flashscore.co.uk/match/A7aQqcfp/#match-summary

[HairyMaclairy]

What kind of sorcery is this?

This looks ridiculous. Rubbing my eyes for the 2e time...



https://www.tradingview.com/chart/?symbol=BITFINEX%3ABTCUSDLONGS

This is too out of scale to be a "candid" long position building.
Noticing it started when BAKKT started. Maybe a coincidence?
This is something I will try to look into.
Very intresting.

Opened a thread: this thing is too interesting IMHO:
LONGS on BITFINEX going PARABOLIC

If enough of these longs get liquidated, all the hell will brake loose.

They have been building this longs since one months.
Whoever did that has deep pockets

Longs are building, but shorts are building faster.  The long / short ratio is still at record highs but falling fast.  Shorts continue to pay longs a modest amount on Bitmex.

[HairyMaclairy]

Good buying right now given we are finally undershooting the fractal.  

[gentlemand]

Most bullish sign today - https://blog.kraken.com/post/3355/kraken-otc-acquires-circle-trade/

Circle got rid of their consumer-facing service just a few short months before the bull run kicked off. Now they've gotten rid of their whale service too.

[Gyrsur]

the history of mankind repeats. some lucky dudes are grabbing as much of this "Magic Internet Money" as they can and unfortunately the majority is not aware of or not interested in. if they would realize the one-time opportunity to switch the sides between the poor and the rich they would follow the lucky dudes and buy even if the price will tank to $1500. but then it would be not the minority anymore which switch the sides and the whole redistribution of wealth won't work. still spread the word but do not expect many will follow your advise. because history repeats.

[HairyMaclairy]

Most bullish sign today - https://blog.kraken.com/post/3355/kraken-otc-acquires-circle-trade/

Circle got rid of their consumer-facing service just a few short months before the bull run kicked off. Now they've gotten rid of their whale service too.

Excellent.  Just added to my long. 

[Hyperjacked]

Couldn’t help myself from buying at these levels
Yum 😋 yum

[Biodom]

Good buying right now given we are finally undershooting the fractal.  

Thanks for TA, but it is not a fractal since nothing here is recurring (so far) vs 2015-2017.
Everything is just random move, albeit i can give you one fundamental that was critical, IMHO, in stopping the bull run in the summer and it starts with F, not a T.

BTW, my end of the year game entry is quite possible since we are still descending.
Disgusted by seemingly pitiful year end.

[JayJuanGee]

We used to have a bot account that posted these literally every hour, on the hour.

‘ChartBuddy’

I can’t remember exactly why it stopped but I think it was managed by Adam or RichyT. Somebody like V8 will know what happened.

I miss it though.

CharBuddy's creator got tired of the stupid abuse. Left for more hospitable climes. Over on The Forum That Shall Not Be Named.

He was a big blocker, when it didn't go his way he left and took chartbuddy with him

Similar to a lot of the folks who seemed normal around that time, they transitioned their lil selfies into silly-ass ridiculous BIG blocker nonsense, and whined themselves into ultimatums, just like Richy_T  (and the previous owner of this thread, too - AdamstgBit)... 
 there are only a few of them left, here, fighting the BIG blocker fight... which still is a ridiculous fight, but some of them don't give up with such nonsense...

Anyhow, Richy_T took his marbles and went somewhere else.. and whined the whole time about BIG blocker nonsense including supposed censorship going on within this forum.

[Last of the V8s]

[Last of the V8s]

https://twitter.com/LightningK0ala/status/1207061159762898946?s=20

[JayJuanGee]

How are your testicles holding up, folks ?

Somewhat cramped, not crushed though. Other than that they are "hoDLing" ok... as always.

We don't need a testicle story from you, again (I have the right guy?  or was it d_eddie?  involving some kind of spray), bitserve.  

That's all we need, like another hole in the head.  

[JayJuanGee]

Good buying right now given we are finally undershooting the fractal.  

Fractal, smacktal.   

[bitserve]

How are your testicles holding up, folks ?

Somewhat cramped, not crushed though. Other than that they are "hoDLing" ok... as always.

We don't need a testicle story from you, again (I have the right guy?  or was it d_eddie?  involving some kind of spray), bitserve.  

That's all we need, like another hole in the head.  

Yup, it was me, it was a cologne though. And it fucking worked no matter how fucking painful it was during the first couple of minutes.

Not unlike when we need to go down first before going up and get some relieve. Hope we are close already. Talking about Bitcoin now.

Btw, I have just broken my rules and bought some outside my "predetermined scalping system". Just a few hundreds $ that are not gonna change anything... but considering how poor I feel lately its something.

[Wekkel]

Dammit why always at times when we will be in this exact situation 

F*@# my life 

[Biodom]

Stock to flow reductio ad absurdum

https://twitter.com/digitalikNet/status/1207032051779674112

Around 2041 any schmuck with 0.1BTC is a billionaire, lol.

[bitserve]

Stock to flow reductio ad absurdum

https://twitter.com/digitalikNet/status/1207032051779674112

I around 2041 any schmuck with 0.1BTC is a billionaire, lol.

Which is the reason stock to flow model does not predict the future price. It just does... until it doesn't.

We would be *extremely* lucky if it does for another cycle.