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

[El duderino_]

I'm also looking forward to the new opportunities coming their way and hope to profit on anything they introduce me to.

Let's face it, the time is coming again and they now have a living to make.

via Imgflip Meme Generator

[1714969978]

1714969978

[1714969978]

1714969978

[vapourminer]

I deletes my all old posts

but, but how to you keep track of what lies youre telling here? print a post then keep it filed away?

oh wait

[JayJuanGee]

I deletes my all old posts

but, but how to you keep track of what lies youre telling here? print a post then keep it filed away?

oh wait

What happens in deleted files, stays in deleted files.

Aka.. trade secrets.

[marcus_of_augustus]

https://www.telegraph.co.uk/investing/funds/silver-swiss-francs-bitcoin-investors-new-safe-havens/

Tensions between America and Iran escalated last week amid further military action. Stock market investors tend to panic when countries race to arms, piling savings into so-called “safe haven” assets. Yet what we classify as safe has changed over time – today’s defence is being built with a very different type of brick.

The traditional definition for a safe or defensive asset is one that is uncorrelated to riskier holdings such as shares but which is also easy and quick to buy and sell. This has often ruled out the likes of property, wine and art.

Gold has long been known as the ultimate safe asset, with the price up nearly 4pc since America assassinated Iranian military leader Qassim Soleimani. However, while gold retains its usefulness, its importance peaked in the last century, according to Ed Smith, of fund firm Rathbones.

Government bonds were also established as safe, as investors trusted the most stable governments to honour debt obligations. At the top of the list is American debt, which Axa Investment Management economist David Page said was the purest government bond haven. German and Japanese debt also act as safe investments.

Yet with the gold price far from cheap and government bonds offering low or even negative yields – investors have had to turn to alternatives.

One new source of protection are cryptocurrencies. The price of Bitcoin, the best known crypocurrency, has risen 16pc since the Jan 3 killing of Soleimani. Derivatives trading platform eToro found the attack led to a 46pc increase in Bitcoin trades compared to the average over the previous three months.

Advocates argue that cryptocurrencies have an independent source of value, are outside of the control of central banks and cannot be devalued or destroyed by governments. Yet experts are not convinced. Peter Sleep, of Seven Investment Management, said he preferred a real currency as it could be exchanged easily for actual goods. Mr Smith added that, while cryptocurrencies do tend to climb when markets are under pressure, their track record is far too short to come to a firm conclusion that they work as safe haven assets.

Other defensive holdings include slightly less precious metals such as silver. The price can be correlated to gold, but is much more volatile. It is also used more in industrial activity, meaning it can fall in value during economic slowdowns – hampering its defensive effectiveness if a market fall is driven by poor economic circumstances.

The use of foreign currencies has also increased. Mr Page said the Swiss franc, Japanese yen, Norwegian krone and American dollar were best-placed to rise when markets came under pressure. The dollar is the global reserve currency, which means other governments hold significant quantities of it, making it a relatively safe investment.

The ease with which these safe havens can be bought is adding to their popularity. Using foreign currency is as simple as opening a bank account and transferring pounds.

Some digital banks have revolutionised the process. Revolut, for example, allows customers to hold and exchange 30 currencies in its mobile app at a low cost. Similarly, cryptocurrencies and gold can be bought via low-cost and easy-to-use brokers. The precious metal’s price is most commonly tracked using exchange-traded funds (ETFs).

However, investors should not underestimate the importance of the more traditional safe investments, said respected economist John Kay. He said the defensive status of government debt remained strong, although the countries considered “safe” had changed over time. In the past British government debt was considered the safest, with investors turning their noses up at Japanese and German debt. This is no longer true.

Investors can most easilly buy American government bonds through Isa and pension brokers. Passive funds and ETFs offer cheap and easy exposure.

Quoted investment trusts – such as City of London and RIT Capital Patners – have enviable track records of preserving wealth and maintaining dividends over many years.

[HI-TEC99]

If you use firefox upgrade it immediately. It has a serious bug that's already being exploited.


https://www.pcworld.com/article/3513538/mozilla-firefox-vulnerability-is-so-bad-the-us-government-is-urging-users-to-patch-it-immediately.html

This Firefox vulnerability is so bad, the U.S. government is urging users to patch it immediately

[jojo69]

If you use firefox upgrade it immediately. It has a serious bug that's already being exploited.


https://www.pcworld.com/article/3513538/mozilla-firefox-vulnerability-is-so-bad-the-us-government-is-urging-users-to-patch-it-immediately.html

This Firefox vulnerability is so bad, the U.S. government is urging users to patch it immediately

jesus

thanks!

[Icygreen]

If you use firefox upgrade it immediately. It has a serious bug that's already being exploited.


https://www.pcworld.com/article/3513538/mozilla-firefox-vulnerability-is-so-bad-the-us-government-is-urging-users-to-patch-it-immediately.html

This Firefox vulnerability is so bad, the U.S. government is urging users to patch it immediately

Discovered by Qihoo 360.  Isn't this the Chinese company that has been tasked with device care on all samsung devices and currently being scrutinized by the community for shady practices, ie. data collection and possible backdoor?

https://eu.community.samsung.com/t5/Galaxy-S10e-S10-S10-S10-5G/Please-remove-Qihoo-360-Software/td-p/1492935

[VB1001]

Morning WO very cold, BTC over 8000, patience.

[AlcoHoDL]

Morning WOod very cold, BTC over 8000, patience.

FTFY.

True HoDLers need not worry.

Funds are safu, this is fine.

[JSRAW]

I deletes my all old posts

but, but how to you keep track of what lies youre telling here? print a post then keep it filed away?

oh wait

I don't touch my lies here but deletes the true part

Not many in WO, only 5. Few i posted in the heat of the moment but deleted when regret kicked in. including poor OPSEC and everything goes type of posts when no one cared to reply lol.

 

What happens in deleted files, stays in deleted files.

Aka.. trade secrets.

Bounty related posts

[nutildah]

What is the price of bitcoin in parallel universes? Perhaps we're paying attention to the wrong one.

[fillippone]

Gentle reminder: today Options are starting to trade at CME.

Recently they saw a surge in Open Interest on Bitcoin future, maybe something is cooking?  

Bitcoin futures open interest (OI) started the first four trading days with 5.4K contracts on January 7, up 69% from year-end OI.
http://spr.ly/60181bKYp

https://twitter.com/CMEGroup/status/1215358814746300416?s=20

Read more here:

Re: Everything you wanted to know about BTC options but were afraid to ask!

[LFC_Bitcoin]

Week commencing Monday 13th January 2020 - WO BTC millionaire tracker.

123.667 BTC to have $1,000,000 USD right now.

[FullNode]

Week commencing Monday 13th January 2020 - WO BTC millionaire tracker.

123.667 BTC to have $1,000,000 USD right now.

This is great

Soon 1 BTC 100,000
After 1 BTC 1,000,000

[Icygreen]

I am so bullish and bearish right now. Perhaps the first time feeling quite balanced.  Now, I'm ready for it to prove me wrong.

[heslo]

I am so bullish and bearish right now. Perhaps the first time feeling quite balanced.  Now, I'm ready for it to prove me wrong.

Yeah it definitely feels like we could go either way at the moment. I think the longer we stay this side of the 8k barrier though the better it is. I don't expect any more massive movements until the end of the month. Let's see how good my TA is (HINT: It's pretty bad)

[El duderino_]

I am so bullish and bearish right now. Perhaps the first time feeling quite balanced.  Now, I'm ready for it to prove me wrong.

Yeah it definitely feels like we could go either way at the moment. I think the longer we stay this side of the 8k barrier though the better it is. I don't expect any more massive movements until the end of the month. Let's see how good my TA is (HINT: It's pretty bad)

I don't expect any more massive movements for this minute i'm in at the moment, after that I will need some new TA before I speak my mind

[ChiNgadOr]

Let's see how is doing BTC in CME:
- 61.8 FIB (8665$)  is the resistance level for CME
- 50AM and 100MA crossed below 200MA
- there are 3 gaps pending:
over us at 12k
under us at 6.1k and 3.6K

[El duderino_]

You are saying ??^

[dragonvslinux]

Let's see how is doing BTC in CME:
- 61.8 FIB (8665$)  is the resistance level for CME
- 50AM and 100MA crossed below 200MA
- there are 3 gaps pending:
over us at 12k
under us at 6.1k and 3.6K

I referenced this the other day, but I'll do it again. CME looks like a shorting opportunity. Whether you'd get rekt™ over it is another story, but that's what it looks like to me.



Note, as you can tell by the chart, I wouldn't be entering this position (on BTCUSD) until Wednesday, ie until the fractal pattern continues to consildate at the highs whilst failing to break through resistance. Even though the market is already open and I'm short-term bearish.  For reference sake, this is the first 100 & 200 MA bear cross on CME, so there is no previous data to extrapolate*. However, if you had shorted this bear cross on BTCUSD last month, you would of made a tidy 25% profit from the trade:



Don't mean to be the bearer of bad news, but bear crosses are bear crosses 

*Now thinking I should of extrapolated the BTCUSD bear cross from last month, instead of the previous fractal, as would likely be more relevant with a target to low 6s instead of high 5s. But either way, there's a good few reasons why this is still bearish to me, not forgetting the bearish channel that's still intact.