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

[JayJuanGee]

If we're going to spend an entire August in 11xxx range... well, that's fine with me.

It's a good range!

Stability is good, sometimes trading in a sideways range for significant period is a good thing. Se were in the $9’000’s for a while before we broke out. I’m cool with being in the $11’000’s for a month or two if it means we break out & push towards $14,000 or something by November.

I personally believe that we cannot really request what BTC should do in the short to medium term, but those of us who have been HODLing for a decently long time (a few years) kind of already recognize that bitcoin is going to do whatever she is going to do.

I understand that you, LFC, are using the word "good," and it sounds as if you could be asserting "good" in a kind of prescriptive way - but there is also a descriptive interpretation of your same sentence to suggest that you are asserting that if BTC stays in this kind of $11k arena for a while, then that allows for BTC buying support to catch up (in a kind of Lindy Effect way), and surely, after the BTC price is in this area "for a month or two," then the BTC price could break out in either direction, but sometimes just staying in $11k price area for such short to medium term will likely cause it to become a bit more costly for the bears to both spend their coins to push the BTC price down and to take chances that they might NOT have enough coins (or lack of buying support from others - or negative BTC sentiment) to be able to actually push BTC prices down low enough or keep the BTC prices down long enough in order to actually be able to reacquire the coins that they had used to push the BTC price down.

I am surely not complaining... and just remembering how much time we were spending toiling in the $7k-ish price arena, and considering that frequently dipping into the $6k-ish area and wondering if $6k-ish buy support might not be able to hold.. and now those $6k-ish buy numbers and dips are feeling like a kind of fantasy price area that a lot of precoiners, fence-sitters and/or BTC accumulators, would really salivate to get some coins in something close to that same BTC price arena that we seemed to have been visiting and toying with on a regular basis in a kind of "quite strongly" feeling, just a few short months ago...

Some of us have seen seemingly similar variation of the picture play out in the BTC historical charts, and some of us have personally witnessed (experienced) such BTC price performance scenarios with similar (not going back), that sometimes is difficult for the precoiners, fence-sitters and early BTC accumulators to relate to such likely "not going back" BTC price dynamics.

[cAPSLOCK]

Lots of Tether moving around.

I know very little about ETH, and own exactly 2 of them, I think, lol. 

But isn't the ETH fee market starting to blow up, and if so does that not cause tether moves (at least the ones where it's on Ethereum, which I think is most of them) expensive?

I just looked it up... looks like it's getting to be something like $0.50.  So not too bad yet.

I would honestly think the Tether foundation (or whatever they are called) would REALLY REALLY benefit from switching issuance of as much USDT as possible to the Liquid sidechain.

[El duderino_]

Lots of Tether moving around.

Lots of BTC moving around as well 

[Arriemoller]

A little help from the german speakers in here please.
I'm sending a letter to DHL Neumünster, and I have only my 70s scchool german to fall back on.
Does this sound ok to you?

Sehr geehrter Damen und Herren.

Ich habe erfahren das mein Paket Nr XXXXXX in Neumünster seit 22. Juli ist.
Bitte untersuchen Sie was falsch ist und senden Sie das Paket schnellstens an mir in Schweden.

Mit freundlichen Grüssen

[Phil_S]

Not sure if average is more relevant or less.

Of course the average is more relevant.

P.S.
I see gold and silver pumping like crazy again. Will BTC follow them, and soon?

[vroom]

Sehr geehrte Damen und Herren.

Ich habe erfahren, dass mein Paket mit der Nr XXXXXX seit 22. Juli in Neumünster ist.
Bitte untersuchen Sie was falsch ist und senden Sie das Paket schnellstens an mich in Schweden.

Mit freundlichen Grüßen

[ProfTP]

Sehr geehrter Damen und Herren.

Ich habe erfahren das mein Paket Nr XXXXXX sich seit dem 22. Juli  in Neumünster befindet.
Bitte untersuchen Sie was falsch ist und senden Sie  mir das Paket zum nächst möglichen Termin an mich in Schweden.

Mit freundlichen Grüssen

[BobLawblaw]

https://twitter.com/BitmexWhale/status/1290707756631183362


Presently observing shorts being rekt.

[vroom]

https://twitter.com/BitmexWhale/status/1290707756631183362

what's slippage?

[wxa7115]

If we're going to spend an entire August in 11xxx range... well, that's fine with me.

It's a good range!

Stability is good, sometimes trading in a sideways range for significant period is a good thing. Se were in the $9’000’s for a while before we broke out. I’m cool with being in the $11’000’s for a month or two if it means we break out & push towards $14,000 or something by November.

This is very important, bitcoin for the most part has gone above the 10k barrier but is has been unable to remain there for long, when looking at the historical data from coingecko this is what I get.

Days in a row above 10k.
From 28 NOV 2017 to 30 JAN 2018    63 days
From 01 FEB 2018 to 01 FEB 2018      1 day
From 16 FEB 2018 to 21 FEB 2018      6 days
From 23 FEB 2018 to 24 FEB 2018      2 days
From 27 FEB 2018 to 07 MAR 2018   9 days
From 22 JUN 2019 to 16 JUL 2019      25 days
From 19 JUL 2019 to 23 JUL 2019      5 days
From 01 AUG 2019 to 28 AUG 2019      28 days
From 03 SEP 2019 to 21 SEP 2019      19 days
From 23 SEP 2019 to 23 SEP 2019      1 day
From 10 FEB 2020 to 10 FEB 2020       1 day
From 12 FEB 2020 to 15 FEB 2020       4 days
From 19 FEB 2020 to 19 FEB 2020       1 day
From 02 JUN 2020 to 02 JUN 2020       1 day
From 28 JUL 2020 to TODAY       8 days and counting
Total: 173 days

Number of days above 10k by year

2017	33 days
2018	47 days
2019	78 days
2020	15 days and counting

When looking at the data by year we see a steady increase on the number of days bitcoin has remained above 10k, if this tendency keeps true then the next 5 months are going to be very interesting for those that have held their coins for a long time.

Finally even if the price traded sideways for some months as long a we beat the previous record of 63 days in a row of bitcoin being above 10k  this will send a powerful message, the days you could buy bitcoin for a price below 10k are coming to an end

Note: The data above represents the opening and not the close for a day, if you want the close you will need to subtracts a day from each date.

Edit: sorry for the formatting I tried to use a table and when I previewed the post everything seemed fine but it did not displayed correctly for some reason.

[BobLawblaw]

what's slippage?

https://www.thebalance.com/day-trading-slippage-defined-1030866

Slippage is what happens when you get a different price than expected on an entry or exit from a trade.

If the bid-ask spread in a stock is $49.36 by $49.37, and you place a market order to buy 500 shares, you may expect it to fill at $49.37. In the fraction of the second it takes for your order to reach the exchange, something might happen or the price could change. The price you actually get maybe $49.40. The $0.03 difference between your expected price of $49.37 and the $49.40 price you actually end up with is called slippage.

[Arriemoller]

Sehr geehrter Damen und Herren.

Ich habe erfahren das mein Paket Nr XXXXXX sich seit dem 22. Juli  in Neumünster befindet.
Bitte untersuchen Sie was falsch ist und senden Sie  mir das Paket zum nöchst möglichen Termin an mich in Schweden.

Mit freundlichen Grüssen

Danke.

[Indymoney]

If we're going to spend an entire August in 11xxx range... well, that's fine with me.

It's a good range!

Most chances we will in 11 in August becasue right now its going in good direction and we need some more time then this is going to be on some very ideal figure.

[cAPSLOCK]

Well as if 2020 was not already on track to be ... well I don;t know WHAT it's trying to be?

#beirut #explosion

[BobLawblaw]

Well as if 2020 was not already on track to be ... well I don;t know WHAT it's trying to be?
#beirut #explosion

https://twitter.com/IntelDoge/status/1290712380884889601


https://twitter.com/timourazhari/status/1290710100697653248

[Torque]

It's surprising how many peeps whom I have considered to be quite intelligent (not only on this forum but also IRL) have fallen for conspiracy theories (COVID-19, 5G, Bill Gates mind control chips etc)  

With all the conspiracy theorist propaganda out there, it's easy for the weak-minded to be brainwashed.

That said, don't be a conspiracy denier either. Of course the examples you listed are laughable but that doesn't mean that what Edward Snowden pointed out is also bullshit.

Plandemic and chemtrail mind control may be imaginary but covid and PRISM are very real.

Be neither conspiracy theorist nor conspiracy denier... i.e. use your brain.

I remember this one time when a sixty-four year old white man just out of the blue decided he wanted to shoot up a bunch of randoms in Las Vegas. So he drove something like 100 miles from his house and went to a high-end Vegas hotel that literally has spy security cameras in every lobby, elevator, hallway, stairway, corridor, street, garage, and back lot. Taking 5-6 separate trips up the elevators from the parking garage, he managed to drag 22+ heavy rifles of different makes and various calibers and a shitload of heavy ammo up to his penthouse suite completely without suspicion or being remembered by any of the hotel staff or other patrons. Because it's more exciting to evade arousing suspicion and being caught the more round trips you can make, and you can never have too many rifles with you if you are a sharpshooter assassin (/s). Of course there is zero recorded camera footage of all these separate trips. Note also that none of the 22 rifles were configured or even appropriate for long range shooting. Then he proceeded to open fire on the crowd of randoms with only 2 of the rifles (that could barely hit the broad side of a barn at 500 yards), and ignoring the 20 other rifles he brought with him because, hey, you can never have too many rifles with you if you are a sharpshooter assassin (/s). I mean, why bring only one AR-15 when you can bring 14? And everyone knows that bump stocks are really accurate, right? (/s)

No camera footage exists of all his rounds trips with all the guns and ammo. (My understanding is there are also hidden security cameras inside the high-end hotel suites like the one he was in). He had been checked into the hotel for a week, and still zero footage.
No burn marks on the carpet from the hundreds of spent ammo rounds.
No day job or career history, no phone or txt msg records, no public ID record, no background, no gun purchase or registration records, no criminal history, no online internet history at all of the shooter for the 64 years of his life.
No motive at all for the shooter. To this day, the police have zero motive or leads/evidence as to any sort of planning or motive.

Absolutely nothing about the official story adds up. It's fucking absurd. But hey, the public turned off their common sense and dismissed any questioning of all this as a "conspiracy theory". Just believe exactly what the MSM tells you... and they did.

"Not all conspiracy theories are true, but that doesn't mean none of them are." i.e. use your brain.

[BTCaesar]

A little help from the german speakers in here please.
I'm sending a letter to DHL Neumünster, and I have only my 70s scchool german to fall back on.
Does this sound ok to you?

Sehr geehrter Damen und Herren.

Ich habe erfahren das mein Paket Nr XXXXXX in Neumünster seit 22. Juli ist.
Bitte untersuchen Sie was falsch ist und senden Sie das Paket schnellstens an mir in Schweden.

Mit freundlichen Grüssen

Sehr geehrte Damen und Herren,

Bedauerlicherweise habe ich bereits mitbekommen, dass das Paket mit Nr. XXXXX  seitdem 22 Juli in Neumünster liegt.
Daher bitte ich Sie um schnellstmöglichen Versand an meine Adresse in Schweden.
Falls Sie weitere Fragen hätten, wenden Sie sich bitte an mich.

Freundliche Grüße
Bitcoiner ;-)

[jojo69]

[Arriemoller]

A little help from the german speakers in here please.
I'm sending a letter to DHL Neumünster, and I have only my 70s scchool german to fall back on.
Does this sound ok to you?

Sehr geehrter Damen und Herren.

Ich habe erfahren das mein Paket Nr XXXXXX in Neumünster seit 22. Juli ist.
Bitte untersuchen Sie was falsch ist und senden Sie das Paket schnellstens an mir in Schweden.

Mit freundlichen Grüssen

Sehr geehrte Damen und Herren,

Bedauerlicherweise habe ich bereits mitbekommen, dass das Paket mit Nr. XXXXX  seitdem 22 Juli in Neumünster liegt.
Daher bitte ich Sie um schnellstmöglichen Versand an meine Adresse in Schweden.
Falls Sie weitere Fragen hätten, wenden Sie sich bitte an mich.

Freundliche Grüße
Bitcoiner ;-)

Danke.

[Wekkel]

These videos will find their way to new Bitcoin memes...

https://twitter.com/danheld/status/1290681429794250757?s=19