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

[Arriemoller]

Remember when I told you about the real reason why Sweden didn't lock down?
Well, now a newspaper finally wrote about it.

https://www.spectator.com.au/2020/06/is-this-the-real-reason-sweden-didnt-lockdown/?utm_medium=email&utm_campaign=WORL%20%2020200619%20%20AL&utm_content=WORL%20%2020200619%20%20AL+CID_121f0a0a7c8ae823fa38dfd0950a443b&utm_source=CampaignMonitor_Australia&utm_term=Is%20this%20the%20real%20reason%20Sweden%20didnt%20lockdown

[VB1001]

3 Ways Bitcoin Traders Can Spot and Avoid Crypto Market Manipulation

https://cointelegraph.com/news/3-ways-bitcoin-traders-can-spot-and-avoid-crypto-market-manipulation

[VB1001]

https://twitter.com/LandRover_UK/status/1273177611032768514
🚀
(Not a meme)

[JayJuanGee]

3 Ways Bitcoin Traders Can Spot and Avoid Crypto Market Manipulation

https://cointelegraph.com/news/3-ways-bitcoin-traders-can-spot-and-avoid-crypto-market-manipulation

I have some troubles with understanding that article, VB1001, and the points of the article sinking in because the objectives that they are describing seem to be a fools errand to attempt to spot manipulation or to avoid it.

Just crazy... and I would likely go crazy or something close to crazy if I were to attempt to try to achieve those seemingly impossible objectives of spotting and avoiding manipulation.

Instead what I do, and I even recommend that others attempt some variation of what I do (I suppose that is why I talk about my strategy so much... hahahahaha), and that is to attempt to take advantage of likely inevitable BTC price manipulation about whatever is the price direction and don't hardly give two fucks about whether you can see such manipulation or not or even whether such manipulation exists.

Of course, you are not in as great of a position to take advantage of such seemingly inevitable manipulation if you are still in a BTC accumulation phase because when you are in a BTC accumulation phase you just want to continue to buy BTC on an ongoing basis, no matter what until you reach your target accumulation objective (or something close to your target accumulation objective - especially if you are young you might consider yourself to be accumulating on a pretty long term basis because it takes a long time to stack sats, whether 1 sat at a time or some more aggressive variation), so one of the main ways to take advantage of the seemingly inevitable manipulation is attempting to buy on BTC price dips.. but don't get too worked up if the BTC price ends up getting manipulated upwardly rather than downwardly because you just would be regularly buying anyhow.. whether that is daily, weekly, monthly or some other variation.

Once you achieve a bit of an over-accumulation the quantity of BTC that you would like to achieve (and perhaps maintain), then once you are in a kind of over accumulation status (feeling, perhaps?), you should not mind shaving off a bit of BTC when the BTC price is manipulated up because 1) you have already over accumulated and 2) if the BTC price gets manipulated down at some later unknown time, then you have a bit of extrafiat (no skin off your back) in which to buy some more of king daddy.  

In the longer and maybe even medium run (even though something as short as the medium run could take a few years to play out) most of us have a pretty high level of confidence that the BTC price are going to go up.. just that the going up is not regular even in the short to medium, too... but we have a decent amount of confidence that the longer tha you zoom out the more likely the BTC price is trending up, even if just the bottoms rather than the tops seem to be inching up here and there in a slow motion feeling, but the medium to longer roads in bitcoinlandia do continue to seem to have great likelihoods of trending up...

So, having all this good stuff working in your favor (if you happen to be a BTC accumulator and HODLer) why get all worked up about attempting to spot or to avoid BTC price manipulation when you realize that BTC price manipulation is almost inevitable too, you just cannot really know what direction, for how long or to what degree.. so why waste psychological or financial fuel in that direction except to just keep your system?

I think that I have kind of described my presumption problems with that article, which is that I cannot really get the point of attempting to achieve what they are suggesting to work on which is the spotting and avoiding of manipulation.. which just seems to be a selfie-destructive approach to both your psychology and likely your finances, too... fuck the manipulators.. who fucking cares.. let them do what they are going to do... doesn't matter because your system already accounts for them while realizing that there is only so much that they can do about the ongoingly likely BTC price trend, UPpity.

[LUCKMCFLY]

It will most likely take a bullish path when it breaks the $ 9.8k resistance.


Twitter: https://twitter.com/BitcoinFNews/status/1274580584359133188

The 100 simple moving average (4-hours) is also waiting near the $9,500 resistance area. Therefore, an upside break above the $9,500 resistance zone is needed for a strong upside continuation. The next major hurdles are seen near the $9,800 and $9,840 levels.

Source: https://bitcoinfeed.news/newsbtc/2020/06/21/bitcoin-bullish-flag-breakout-could-pump-btc-but-9500-holds-the-key/

[VB1001]

I have some troubles with understanding that article, VB1001, and the points of the article sinking in because the objectives that they are describing seem to be a fools errand to attempt to spot manipulation or to avoid it.

Well, maybe, the hidden walls.

[AlcoHoDL]

Nice discussion! Just too many things happening IRL that I can only skim through the posts, let alone replying...

Calling yourself a wage slave for too long means you really need to change something in your life. Not all people can achieve getting enjoyment from work. Some are incapable, others lazy, others just unlucky, although I don't really believe luck can fully define someone. One can make his/her own luck in life, or he/she falls into the "incapable" category. But at least you've got to try. If you fail, try again, and if you fail again, maybe you're not able to do it, or you need to re-evaluate your goals, and Bitcoin can help in such cases, but not everyone is in this situation. Not everyone is a wage slave.

True. But the actual work of one's career can also change drastically over time, to become much less meaningful.

For example, when I first got into IT programming in the mid 90's, the work was actually very meaningful and fun. We were building business software applications from complete scratch, and there was a sense of passion, creativity and analysis in what I was doing day to day. Programmers could use their brains to bang out code to build custom use cases and custom UIs, were respected and revered, and got paid accordingly for their creative analysis and technical knowledge.

By the time I got out of that career in the 2010's, IT programmers were reduced to simply integrating off-the-shelf, expensive closed-source software into existing business environments. They essentially became glorified software "babysitters", having to spend their days trying to integrate and debug software that was poorly-written by someone else, often with poor performance, poor configuration, archaic APIs, missing or incomplete documentation, lack of expertise, etc. And these software integrations were often initiated under ridiculous time schedules and low/inadequate budgets, with use-case and performance expectations that could not be met in the time allotted. Or ever. It became soul-crushing work, and I started having bouts of anxiety and depression that I never had in the beginning of my IT career.

What the IT career became in the end, was not something I had signed up for in the beginning. So I got out.

I hear you, and I agree. I'm also involved in s/w (mostly f/w) development, as part of my embedded designs, to which I also design the h/w. It's Sunday and I'm currently working on a driver for a project. A driver that was supposed to be ready and available for me to use as part of a ready-made SDK library. Well, it "kind of" works. But in my line of work, "kind of" is unacceptable. Little things like not strictly adhering to timing specifications and thus causing it to fail when communicating with certain rare ICs, or not being flexible enough to do exactly what I want, have forced me to design my own driver. As with most things, if you want to do it right, do it yourself.

I see this as a blessing in disguise though. I enjoy diving deep into the h/w and writing bare metal f/w for it. So, the lack of quality s/w libraries/drivers gives me an opportunity to do exactly that. Sounds like I'm a masochist, but I do enjoy low-level programming, as it improves my understanding of the h/w and makes it much easier to debug or extend my design's functionality. My employer believes in me and has given me total freedom to manage my projects, so I can decide on what approach to take in my designs. And I take the purist approach, i.e., if it doesn't work as it should, write/design it yourself from scratch.

Having to work on poorly written s/w, having to integrate it into my projects, no, I would avoid it at all costs. It's going to be a hell of a mess to maintain and upgrade, and probably won't perform as good as a project that was designed from the ground up. There is a cost to designing everything yourself though, which is that development may take longer than expected, but this is OK with me and my employer, so I take my time. And the quality of the final design more than makes up for it.

"So I got out", you said. That's what I mean by not being a wage slave. You saw that you were becoming one, so you decided to change things. Wage slavery is when you are afraid to make changes and endure a life of misery by spending half your life doing things you don't want to do, especially when you know you can do much better. I consider myself blessed in that respect, because I'm currently getting paid very well to do things so interesting and exciting that I would gladly pay for to do. But if things go south and I feel I need to change something, I will certainly try to change it.

[Last of the V8s]

....  Just too many things happening IRL that I can only skim through the posts, let alone replying...

same. will catch up soon. meanwhile

@sassal0x

[AlcoHoDL]

....  Just too many things happening IRL that I can only skim through the posts, let alone replying...

same. will catch up soon. meanwhile

@sassal0x

Poor girl. She must be thinking you're a perverted farmer who can't spell "sex"...

[psycodad]

Thinking about changing to linux soon. -ish. Before the next windows version, at the latest. Long time e-friend nerd recommended linux mint. Looks user friendly. Anyone using it? Can recommend/not recommend?

If you're planning to go with Linux I'd recommend to stick with the big guys: CentOS, Debian, Ubuntu. They all have decent support, wide choice of GUIs, they're pretty stable and secure. Also less likely to have compatibility issues... in short: avoid exotic distros

<systemd-rant>
And they all got systemd, ready to bite your ass anytime (quicker and harder than Windows ever did).
If you're on Windows 10 you already run a Linux kernel with a Microsoft window manager on top.

I only use Devuan or OpenBSD on new machines, just too many times I needed to reboot when pre-systemd a kill -9 <pid> did the job. Which is one of countless reasons why systemd sucks.

For people not being familiar with the famous works of Lennart Poettering he basically is constantly reinventing (and integrating into the systemd mess) components that had been proven working for decades in Linux world and that didn't need any fixing in the first place (i.e. the fabulous crond is now systemd-timer shit, not even talking about systemd-homed madness).

At least he's got a pwnie award...: https://pwnies.com/archive/2017/winners/#lamestvendor
</systemd-rant>

If you want freedom, security and control over your system, avoid systemd. Otherwise be prepared to adapt your way of working with your computer to how LP envisions you to work with it.

[Last of the V8s]

https://twitter.com/selfbankt/status/1274272910870446080?s=20

Gradually, then suddenly . . .

The Times, Saturday June 20th :

"I cashed in my funds to invest in bitcoin. It may be volatile, but even seasoned investors are taking a small punt on the leading cryptocurrency."

https://www.thetimes.co.uk/article/i-cashed-in-my-funds-to-invest-in-bitcoin-wzfjh52j9
https://archive.vn/khpRa

yay boomers

[LFC_Bitcoin]

https://twitter.com/selfbankt/status/1274272910870446080?s=20

Gradually, then suddenly . . .

The Times, Saturday June 20th :

"I cashed in my funds to invest in bitcoin. It may be volatile, but even seasoned investors are taking a small punt on the leading cryptocurrency."

https://www.thetimes.co.uk/article/i-cashed-in-my-funds-to-invest-in-bitcoin-wzfjh52j9
https://archive.vn/khpRa

yay boomers

83 year old

[Tuco Benedicto Pacifico]

Thinking about changing to linux soon. -ish. Before the next windows version, at the latest. Long time e-friend nerd recommended linux mint. Looks user friendly. Anyone using it? Can recommend/not recommend?

Been using Mint for about a year and a half now. As a complete IT-noob, I was able to find instructions on how to make a bootable stick, install successfully and set it up aftwerwards (thanks to YT).

Upsides:
Easy to handle, no forced updates, no AntiVirus needed, flexible in customization/appearence, comes with lots of pre-installed s/w.

Downsides:
Had driver problems with integrated GPU lots of times because my Ryzen 7 (from march 2019) was seemingly not fully supported by the latest version at that time (has changed now with the latest mint version available), gaming on Linux is still a struggle despite Steam/Proton, trouble shooting can also be a challenge if you don`t find the answer to your problem easily on google/YT (and even then results of success may vary).

Bottom line:
I will stick with Linux for everyday activities on the net, but am thinking about getting an extra machine with MS for gaming only.
Alternatively, there is a new Brazilian distro - Linuxfx 10 - out that is not only supposed to look like Win 10, but also to be able to handle .exes (so far, from what I know, it is in Portuguese only, though).

Hope that helped.

P. S.: Hi everybody.

[Hueristic]

Thinking about changing to linux soon. -ish. Before the next windows version, at the latest. Long time e-friend nerd recommended linux mint. Looks user friendly. Anyone using it? Can recommend/not recommend?

Been using Mint for about a year and a half now. As a complete IT-noob, I was able to find instructions on how to make a bootable stick, install successfully and set it up aftwerwards (thanks to YT).

Upsides:
Easy to handle, no forced updates, no AntiVirus needed, flexible in customization/appearence, comes with lots of pre-installed s/w.

Downsides:
Had driver problems with integrated GPU lots of times because my Ryzen 7 (from march 2019) was seemingly not fully supported by the latest version at that time (has changed now with the latest mint version available), gaming on Linux is still a struggle despite Steam/Proton, trouble shooting can also be a challenge if you don`t find the answer to your problem easily on google/YT (and even then results of success may vary).

Bottom line:
I will stick with Linux for everyday activities on the net, but am thinking about getting an extra machine with MS for gaming only.
Alternatively, there is a new Brazilian distro - Linuxfx 10 - out that is not only supposed to look like Win 10, but also to be able to handle .exes (so far, from what I know, it is in Portuguese only, though).

Hope that helped.

P. S.: Hi everybody.

You can run a win version in a VM with GPU passthrough for finicky programs.

[lightfoot]

Maybe I'm on acid, but the https://www.worldcoinindex.com/ site is hilarious this morning....

#1 coin of course is SODAcoin which has had a trading volume of 153.16 Quadrillion coins traded today. It's up +74536124.69%
But the true value is GEMS, up +9984000815.62% today. Wonder if everyone got in on the ground floor...

[QuestionAuthority]

https://twitter.com/selfbankt/status/1274272910870446080?s=20

Gradually, then suddenly . . .

The Times, Saturday June 20th :

"I cashed in my funds to invest in bitcoin. It may be volatile, but even seasoned investors are taking a small punt on the leading cryptocurrency."

https://www.thetimes.co.uk/article/i-cashed-in-my-funds-to-invest-in-bitcoin-wzfjh52j9
https://archive.vn/khpRa

yay boomers

83 year old

Stop saying “My Nigga” or I’m going to kneel on your neck for 9 minutes. LOL

[LFC_Bitcoin]

Stop saying “My Nigga” or I’m going to kneel on your neck for 9 minutes. LOL

If you do, will the whole world start rioting & stealing shit because of my demise?

Probably not

[JimboToronto]

Good morning Bitcoinland.

Still sideways... currently $9351USD/$12727CAD (Bitcoinaverage).

More coffee please.

I tried to get tested by signing up online, I was disqualified
because I was not a public health worker, firefighter, police officer and I did not show symptoms.
Wtf? I would have thought being asymptomatic is reason to get tested to make sure you are not unknowingly spreading it.
If I had symptoms I wouldn't bother getting tested as I'd just assume I had it and take appropriate measures.
Anyway I did a routine doctor visit for something unrelated. and guess what ? I got tested..... Negative.  

Donald Trump has made it clear that he thinks testing makes him look bad... fewer tests, fewer positive results.

Luckily, we don't have that problem in Toronto. There are testing centers in just about every neighborhood that test temperature, blood pressure, blood oxygen readings, etc., and take a nasal swab for analysis. You can check your results online.

I will be going as soon as I arrive, mandatory 14-day self-isolation rules allowing. I've already emailed my respirologist (COPD) about more comprehensive blood testing for antibodies.

I suspect I may have already had it last winter. I spent a fair bit of time in crowded tourist bars and public transportation and developed extreme flu-like symptoms. I was forced to self-medicate with prednisone twice (1 8x5mg dose daily for 5 days) within a period of about 5 weeks to be able to breathe. Maybe it was just an especially nasty flu but I'd like to know for sure. Am I a carrier? Am I immune? I was not asymptomatic.

https://www.thetimes.co.uk/article/i-cashed-in-my-funds-to-invest-in-bitcoin-wzfjh52j9
https://archive.vn/khpRa

yay boomers

83 year old

Some people think anyone over 30 is a boomer.  

Edit:

And some people think anyone under 50 is a snowflake. 

[QuestionAuthority]

Stop saying “My Nigga” or I’m going to kneel on your neck for 9 minutes. LOL

If you do, will the whole world start rioting & stealing shit because of my demise?

Probably not

LOL yeah, me either. If someone kneeled on my neck they would probably win a free meal at Denny’s and a six pack of Budweiser.

[dragonvslinux]

Despite the Weekly candle coming to a close (that holds more relevance than smaller time-frames right now), I'm keeping a close on eye on smaller time-frames. On the 1hr, price got repeatedly rejected by the 200 MA (after the 50 MA moved below it). The bear channel was then repeatedly defended and we managed to turn old resistance into support, while continuing to test the 200 MA resistance (golden line). If we can close back above this, as well as move above the local VPVR point of control, it could get interesting for the bulls:



I'll still having to lean bearish while on the 1hr price sits below the critical 200 MA that's declining with bearish selling pressure (that's also the 50 MA on the 4hr), but otherwise remaining relatively neutral and wouldn't be surprised to see bulls move back above this MA, that consequently could lead to a close above the 50 Day MA around $9,400. All resistance points to $9,400-$9,500 being the critical levels to beat on the hourly, 4hr as well as Daily time-frames it seems, therefore smaller time-frames hold more relevance than usual right now.

We're getting rejected by the 50 MA yet again as traders continue to sell the re-test after the death cross   A 1-4 candle TD correction to the upside has completed, setting up for up more downside. Looks like price is trying to find support from the bull flag resistance trend-line that we were in, but ultimately this leads to lower lows and re-testing the ascending triangle support for a third time. As previously referenced, despite confirming this triangle trend-line as support, I'm leaning bearish again 55-45 due to the MA resistance overhead, as well as the VPVR POC that price is failing to move back above. A break below the ascending triangle support would increase this to 60-40 or higher: