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

[dragonvslinux]

we are on track

Well anticipated, we've now confirmed the imperfect ascending triangle you drew. I was looking at a more bullish version of the triangle at first, but now going with the confirmation of the third touch-point on the support trend-line. I think if we break out to the upside we're looking at around $12K coin however, based on the measured move of around 23%, as opposed to the pattern being a fakeout for lower prices. But each to their own.



That said, I'll remain open-minded with a 60-40 bullish bias until a breakout is confirmed either to the upside or the downside. Ideally without a fake out this time.
Longing the support trend-line that confirms the ascending triangle isn't the worst idea though either I don't think.
It wouldn't be my choice of position due to the bearish RSI divergence now confirming with a third touch-point on the Daily chart  



I'd need to see the price strength breakout of this downtrend before considering any long positions, or alternatively waiting for oversold conditions.
Confirming a bullish ascending triangle pattern while also confirming bearish RSI divergence isn't signalling confidence or confluence in the price for me.

[1713482359]

1713482359

[1713482359]

1713482359

[jojo69]

Yeah, so I deleted my angry post. Eat my shorts.

@jojo, it's another fucking cheat day. Goddamnit. Have been good for a few days now...

Sheeeeeit.

sorry man, gotta work

also, out of booze, store run tomorrow

[xhomerx10]

Yeah... and you would be exactly wrong in your memory, too..  

Code:

sh-3.2# wc wordyman.txt
      14     461    2564 wordyman.txt

Would you please, SHUT THE FUCK UP already.

oooohhhhhhhh  gaaaaaaaawwwwwddddd   baaaaaaaaaaaaaaaawwwwwwwwbbbbbbb!!!!!!
You forgot to disclaim with "#nohomo".....causing me to look about pondering the day .
 

#nohomo  

Just to break the tension


Meanwhile in other news,
Generation Z is upon us. Lock up your coins.
https://www.forbes.com/sites/billybambrough/2020/06/10/pentagon-documents-reveal-the-us-has-planned-for-a-bitcoin-rebellion/#59e5386c4cc0

 Fuck! The government can come up with innumerable, illogical ways to waste your tax dollars - Bitcoin rebellion?  Please!  Gen Z doesn't even own Bitcoin let alone have a clue how to rebel; they're all sitting at home right now living on gov't handouts and having their groceries delivered while playing Animal Crossing on their WiiUs and waiting for a vaccine or the end of the world due to global warming... whichever comes first.  It's Last of the V8s and JimboToronto they should really be worried about but they've probably already done a thorough tabletop simulation of that scenario and spared no expense.

[cAPSLOCK]

Meanwhile in other news,
Generation Z is upon us. Lock up your coins.
https://www.forbes.com/sites/billybambrough/2020/06/10/pentagon-documents-reveal-the-us-has-planned-for-a-bitcoin-rebellion/#59e5386c4cc0

Boy oh boy... I have had this feeling for a while, but it looks like it really may come to be that the corn might have it's biggest boss fight so far in the near-ish future.

The convergence of things right now is scary/exciting.

[dragonvslinux]

10010 short closed at 8% profit
I entered a long now, hoping to close it at 10700-800 then shorting there
 

What's your reasoning for $10.7-10.8K being the next top? It makes no sense to me, though I can imagine there's a good reason for it. Or at least I hope so  
Edit: Is it based on a parallel channel or something? That would kind make sense if so...
Fair play for longing that dip, buying red and selling green is always a bold move to be making  

[ivomm]

Earlier today we had some not well coordinated attempt to dump the price at $9600 at Coinbase with 900BTC. Later the attempt resumed followed by some more dumping to $9100. This all looks artificial to me. It is either a small whale cashing out to buy a yacht, or to reverse the trend in hope of buying more under 10K. Some people tend to get crazy when they see the price 10K, as if it is 100K or even 1 mil. And they forget that in the sea there are always bigger fish and many more smaller that will eat them for breakfast. Anyway, we are back into the game $9360 and rising. Go, Bitcoin, go! Slay the bears!

[V8s Road Warrior]

Meanwhile in other news,
Generation Z is upon us. Lock up your coins.
https://www.forbes.com/sites/billybambrough/2020/06/10/pentagon-documents-reveal-the-us-has-planned-for-a-bitcoin-rebellion/#59e5386c4cc0

Boy oh boy... I have had this feeling for a while, but it looks like it really may come to be that the corn might have it's biggest boss fight so far in the near-ish future.

The convergence of things right now is scary/exciting.

[El duderino_]

Little pullback before the straight forward to da Moon ... Mmmm halving just passed by, BTC close to 5-digits

I'm excited, who isn't ... is just at the wrong place  

[dragonvslinux]

Earlier today we had some not well coordinated attempt to dump the price at $9600 at Coinbase with 900BTC. Later the attempt resumed followed by some more dumping to $9100. This all looks artificial to me. It is either a small whale cashing out to buy a yacht, or to reverse the trend in hope of buying more under 10K. Some people tend to get crazy when they see the price 10K, as if it is 100K or even 1 mil. And they forget that in the sea there are always bigger fish and many more smaller that will eat them for breakfast. Anyway, we are back into the game $9360 and rising. Go, Bitcoin, go! Slay the bears!

It wasn't even a good attempt of dumping the price either is the irony, Bitstamp's bears first tried to push the price down at $10K, then Coinbase bears did the same later. But the relevant thing to note is there was no confluence or co-ordination between dumping the price. "Real whales" will dump the price on both of these exchanges, Bitmex and more, in order to make sure the price is going to follow on other exchanges. Otherwise it just looks like some medium sized fish cashing out, but failing to do it at a good price by using more than one exchange  

#amateurhour

[V8s Road Warrior]

too flipping right

[JimboToronto]

out of booze, store run tomorrow

I hear ya. Things have been tough around here with liquor sales banned and travel restricted due to covid.

Managed to score 3 bottles of Cuervo Especial a few days ago but it's been a couple of weeks now without cerveza.

Hopefully I'm getting 3 dozen Bohemia Oscura delivered in about 4 hours. Fingers crossed.

Meanwhile, we're back in the mid-$9xxx range again. Bouncy bouncy. Ho hum.

It's too hot to do any work. Una cerveza friga would sure go good now.

[DaRude]

Wish Bitmain was still publishing its reserves. Something telling me that their BTC reserves have gone way down

[The Real John Titor]

https://i.imgur.com/w5X9xWE.jpg

It is good that you saw the light at the end of the tunnel.

You were a real problem in my timeline. Glad this one is turning out differently.

[Searing]

Meanwhile in other news,
Generation Z is upon us. Lock up your coins.l
https://www.forbes.com/sites/billybambrough/2020/06/10/pentagon-documents-reveal-the-us-has-planned-for-a-bitcoin-rebellion/#59e5386c4cc0

Boy oh boy... I have had this feeling for a while, but it looks like it really may come to be that the corn might have it's biggest boss fight so far in the near-ish future.

The convergence of things right now is scary/exciting

they have these kinda of gaming military plans and gaming ideas a lot..just to do logistics...so if they wanted to game logistics they did this BTC scenario

for domestic problems


they also before this did a "Zombie" one to game by the CCD for the same reasons...look at the logistics and interesting problems and make it interesting to those

involved...so I don't think this means as much as the title suggests Anyway my view. Here is the CDC link to their Zombie drill for giggles.

https://www.cdc.gov/cpr/zombie/index.htm

[El duderino_]

[El duderino_]

^
By the way...... BTC just stopped for the few latecomers, don't mis the bus-train-spaceshuttle boys

[serveria.com]

Did you guys pay attention how extremely precise Bawb has been lately with his dump calls? If I was a trader I'd make a boatload of money using those. But I'm a HODLer... 

[virasog]

Did you guys pay attention how extremely precise Bawb has been lately with his dump calls? If I was a trader I'd make a boatload of money using those. But I'm a HODLer... 

[rdbase]

https://twitter.com/iamTheCharacter/status/1269762148135100417
Seems like this is where the real war is about to happen and they shouldnt be bringing up war game scenarios against bitcoin.
Because it seems the guy from the video last week who mentioned about bitcoin on a spanish news interview has a podcast and is prepping for the war.

He is doing it the right way. With words and not frigging tear gas and rubber bullets.

[V8s Road Warrior]

https://twitter.com/dailydirtnap/status/1271125019180105744?s=20



well some of us like it