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

[willope]

Once again, I love watching the daily 365MA vs the daily 365EMA, riding along with the daily 200MA.



SOMA  analysis at it's best.

Interesting TA


May put some buy orders near the Bargain Boyz zone.
Hmmmmmmmm

[El duderino_]

More people should be happy with buying at whatever of these prices... we only have seen bargain prices for as far as I know

[HairyMaclairy]

Price is good but still a touch on the high side.  It could do with dropping down into the high $7ks. 

[VB1001]

Between 8,200 and 8,175 it is an important area, if it holds here we are fine.

[JimboToronto]

#nohomo

[Febo]

A decade on and 'the great and the good' still have no clue:


https://twitter.com/coindesk/status/1219983559710121984

It feels like being in the small band of people on top of the hill...  being seen, but misunderstood by those below who just can't see the flood waters gathering behind them.  

At least being seen. When in 2018 first "crypto" people were invited to Davos was to me totally surreal. And most of those invited had relation to crypto only that they financed their project through crypto with ICO. Now two years latter we at least see people talking in Davos that understand crypto. I guess all were small but important steps to get to where we are now. All this I could not even imagine back in 2014.

[El duderino_]

@hairy, silence yourself......

[bitserve]

Worst case scenario is $6.5 or even $6K at the most, so why worry?

And to reach that low there are a few bunch of resistance levels that would need to be broken, so very unlikely.

Just focus on $10K+ by around the halving time and we are good.

Also look at DAT HASRATE!

[Saint-loup]

Amun AG is launching a new ETP to short Bitcoin

Amun AG has listed a new inverse bitcoin exchange-traded product (ETP) on Switzerland’s primary stock exchange SIX.

An inverse ETP allows to earn a positive return when an underlying asset (in this case - bitcoin) falls, as it allows shorting. Amun’s inverse ETP, dubbed “21Shares Short Bitcoin ETP (SBTC)," allows investors to short bitcoin (BTC), Hany Rashwan, co-founder and CEO of Amun, told The Block.

https://www.theblockcrypto.com/post/53821/amun-rolls-out-new-inverse-bitcoin-etp-that-allows-traders-to-capitalize-on-negative-price-movements

[vroom]

Amun AG is launching a new ETP to short Bitcoin

Amun AG has listed a new inverse bitcoin exchange-traded product (ETP) on Switzerland’s primary stock exchange SIX.

An inverse ETP allows to earn a positive return when an underlying asset (in this case - bitcoin) falls, as it allows shorting. Amun’s inverse ETP, dubbed “21Shares Short Bitcoin ETP (SBTC)," allows investors to short bitcoin (BTC), Hany Rashwan, co-founder and CEO of Amun, told The Block.

https://www.theblockcrypto.com/post/53821/amun-rolls-out-new-inverse-bitcoin-etp-that-allows-traders-to-capitalize-on-negative-price-movements

short my ass, Amun AG! IMO there are already enough tools to short bitcoin. it's really time for some new major longing tools. Are ETF's still vaporware in 2020?

[jojo69]

number go down

jojo keep working

[Raja_MBZ]

Duh... we should've stayed over $9000, but it seems like bears really want us to keep remembering Vegeta and Dragon Ball memes.

[Gyrsur]

FIRST, I have to put my WO HAT back on!

SECOND, simple analysis will follow soon what could happen until halving.

EDIT:

{start: simple analysis}

if zone $8141 (38.2%) will hold it was just an usual retracement.

if zone $7505 (61.8%) will hold it was just a strong retracement.



last zone of defense is $7053 (78.6%). this MUST hold or I will turn to gay too!!   #nohomo until now!


EDIT2:

my dear WO buddies don't think we did leave the bearish trend already.

we have to conquer firstly the zone $9261 (38.2%), then secondly the zone $10980 (61.8%).



the last defense of the bearish trend is zone $12205 (78.6%). but then the way to heaven is wide opened!

{end: simple analysis}

tripple #nohomo and peace out.

[bitebits]

https://twitter.com/infamousXBT/status/1220120358835179520

I dont want 2 sound dum but if $BTC halves in june does my 0.5btc become 0.2??

plz help time is running out

[Raja_MBZ]

Amun Launched Short Bitcoin ETP on Leading Swiss Exchange SIX

https://cointelegraph.com/news/amun-launched-short-bitcoin-etp-on-leading-swiss-exchange-six

[JayJuanGee]

its gotta be something to do with poker

0%

Does it have anything to do with bitcoin and wall observing?

Likely not.




In other words, who gives any shits? 


Apparently some peeps do.

[mindrust]

$6k/bitcoin feels like a dream. I don't know if I could resist going all-in at that price.

$6k or $100k, whichever comes first, I win either way.

Leg go!

[Cryptotourist]

In other words, who gives any shits? 


Apparently some peeps do.

Set humor to 75%.

[El duderino_]

@LS rewrite please thx

Bot writing nonsense ....

[JayJuanGee]

Waiting patiently to buy this dip, had a big tax bill so sadly I have to raid my fiat savings to pay some of it.
Going to cheer myself up about the savings hit by buying another whole bitcoin but want to help pay it.

Unsure if we will go sub 8k!

Going to give it 24 hours before I pull the trigger.

I was also waiting for this strait! But today I have already acquired bitcoin for approximately 25% of my savings. I think that there are considerable chances that the price will drop below 8000... In any case, I will average the purchase price ...
I think the next few days will be entertaining.

Could be weekend dumping?

Don't really want it, but seems to be a kind of reasonable correction from the UP wave that happened over the past couple of weeks - including the tangential BSV baloney.


Part of my issue with the latest pumpening of the last couple of weeks remains that shitcoins were appreciating more than BTC during such pumpening, which does not seem to be a healthy pump... but I don't know... I don't know...  

I have been sensing that some shitcoins are going to come along with BTC for our next exponential growth into 2020-2021... but I was thinking that it might NOT be the ones that we expect.. well especially Bcash ABC and Bcash SV... and yeah, maybe some aspects of ethereum, but that project seems to have a lot of room for failing too, ... but who can know?  There can be some combinations of really shitty projects that are already established and new shitty projects that are still building themselves some pumpening potentials.

One thing about dumb money, though, is that it does not necessarily need to be so obvious, like many of us long term bitcoin HODLers can see.. so maybe we do get continued pumpenings of some of those already dumb projects, implying Bcash ABC, Bcash SV... and ethereum... and might as well throw ripple in there too...

Edit:  so potential lows  over the weekend that extend into next week that might approach $7k for this dump.. or maybe $7.2k..   My own little soma ^{tm (eddie)}   and I am NOT even saying that I want it... I would rather just go up from here, but seems like there exists some short term down momentum... how low it will go remains another to be determined matter.