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

[Torque]

TBH, I'm not really impressed with the volume so far. I know this isn't going to be a popular opinion, but it feels as if a single entity (or a small whale group) controls everything in the market float from ~$10,5k to $12k. And it looks as if their mega pump hasn't really attracted other whale traders en masse at this point.

We could have retracement soonish. Prepare to BTFD.

We are still in the beginning phase of a bull run, so no worries there.

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[600watt]

The dollar is still greatly desired by America’s poor and the middle classes, whose wages have not risen much in nearly 30 years. They are not getting more dollars like citizens did in Weimar Germany. You won’t see dollars in wheelbarrows any time soon. Most of the Federal Reserve’s dollar printing goes directly to a handful of fantastically wealthy people at the top of the pyramid.

Many of them own the Federal Reserve. The Fed is propping up a market that is mostly owned by the top.

We The People are not receiving what the Fed is buying whether it is treasuries, corporate bonds, or ETFs, but we are forced to pay for it. Citizens must cough up more taxes to pay the interest on the absurdly high debt in order to make sure the fabulously rich get fabulously richer.

Until those at the very top start giving their money away to the rest of the country, the dollar will be fine.

https://www.zerohedge.com/economics/real-moneys-revenge

those at the very top will not start giving their money away to the rest of the country. they will give it to us, the hodlers of bitcoin.  

[600watt]

It only took 4 days to come back to 11 900. It's bullish.

I have been thinking similarly... I have been expecting more correction or more flat.. but she seems to be wanting to gravitate UPpity... for some strange reason.  Go figure?

it has been mentioned in here before. it is not that bitcoin is getting more expensive but it is the shitty fiat that is already in hyper-inflation against bitcoin. since everyday regular stuff like food and consumer goods are so tangled up/interwoven in the fiat economy, those will also go into hyper-inflation vs fiat but they will be last.

we already see stocks decoupled from economic reality, rising and rising - despite of biggest global recession in history. they are not in hyper-inflation yet, but in inflation.

gold marking all time highs. historical. it is not in hyper-inflation yet, but inflating vs fiat for everyone to see.

real estate is getting absurdly expensive, same as luxury goods, and art.

they call it asset-price inflation, but in reality it is the beginning of a hyper-inflation shockwave.

the asset, that is the most decoupled from the fiat economy will get hit by the inflation first. which is of course bitcoin, a new decentralized asset class that is not controlled by central banks, banks and other traditional economic gate-keepers. because it is completely independent it will enter the hyper-inflation phase vs fiat first. and that will get very clear in the next run-up.

we will see a hyper-inflation event of varying velocities. that is the key my friends.

fiat money will not lose the battle against everything at once. it will lose battle after battle, well it is already losing battle after battle. the battle agains the hardest und most incorruptible money ever created - bitcoin - will be the first total defeat. the first unconditional surrender.

owning whole bitcoins is the best shield vs the inevitable collapse of the fiat system.

What if I cannot afford a whole bitcoin?  WhatchaIamGONNA dooooo?

buy a fraction of bitcoin to get a fraction of a shield? 

[d_eddie]

TBH, I'm not really impressed with the volume so far. I know this isn't going to be a popular opinion, but it feels as if a single entity (or a small whale group) controls everything in the market float from ~$10,5k to $12k. And it looks as if their mega pump hasn't really attracted other whale traders at this point.

We could have retracement soonish. Prepare to BTFD.

I'm ready to buy a tidy chunk of physical. Come on baby, drop if you will... or go straight to 12k and stay up there before shooting up some more.

[Searing]

TBH, I'm not really impressed with the volume so far. I know this isn't going to be a popular opinion, but it feels as if a single entity (or a small whale group) controls everything in the market float from ~$10,5k to $12k. And it looks as if their mega pump hasn't really attracted other whale traders at this point.

We could have retracement soonish. Prepare to BTFD.

I'm ready to buy a tidy chunk of physical. Come on baby, drop if you will... or go straight to 12k and stay up there before shooting up some more.

I'm on full HODL on BTC...but if BTC goes to like to say $16K or some such I will be 'sacrificing' some of my Altcoins on the bloody Altar of BTC!

the catch is...will altcoins go doom on a pump but then shoot up afterwards in price as in the past...or will they simply have the 'blood' sucked out of them

by BTC pumping to new heights and yet another boat missed. Timing will be 'everything' on such a dump of altcoins for 'dubious cash' uses of which I can't

inform people on here, because you would be 'accessories before the fact' (kidding I'm kinda boring)


anyway, as with all things crypto I should just flip a coin on-selling altcoins, when if my 'pucker' factor alarm goes off. I really should let 'random chance'

make such sell/buy decisions...lord knows my 'logic' does not work...so at least that way I could 'blame' luck/chance instead..would be refreshing...

whatever...but likely at least half of my altcoins will be sacrificed at around $16k for cash and nefarious uses

[Biodom]

TBH, I'm not really impressed with the volume so far. I know this isn't going to be a popular opinion, but it feels as if a single entity (or a small whale group) controls everything in the market float from ~$10,5k to $12k. And it looks as if their mega pump hasn't really attracted other whale traders at this point.

We could have retracement soonish. Prepare to BTFD.

I'm ready to buy a tidy chunk of physical. Come on baby, drop if you will... or go straight to 12k and stay up there before shooting up some more.

maybe too early to buy physical, at least for spending btc.
we are up more than twice in %% YTD

whatever...but likely at least half of my altcoins will be sacrificed at around $16k for cash and nefarious uses

you probably mean at $16K btc  
EDIT: some alts are positively crazy right now. I agree that it never lasts, though.
Who knew that small alts would lead this time around?

[JayJuanGee]

TBH, I'm not really impressed with the volume so far. I know this isn't going to be a popular opinion, but it feels as if a single entity (or a small whale group) controls everything in the market float from ~$10,5k to $12k. And it looks as if their mega pump hasn't really attracted other whale traders en masse at this point.

We could have retracement soonish. Prepare to BTFD.

We are still in the beginning phase of a bull run, so no worries there.

Of course, we could get manipulation and we could get retracement, and sometimes part of the ploy to get bears to continue to place their shorts in order that they get rekkt when the "inevitable" correction does not come (or at least such retracement is delayed way beyond expectations).

In other words, sometimes volume is not really needed when the trend is your friend and the pressure continues to be UPpity...


Personally, I am not worried, and personally, in these actual times, I have assessed the ongoing BTC price movement to be both moving UP more than expected and also recovering from our dip down to $10,500 from a few days a go.. much better recovery than I expected... but we have seen this over and over and over, in bitcoinlandia.. the price just keeps moving up, up and up, while weak hands sell too much too soon, bears place shorts but the BTC price continues to trickle UPpity...  

Of course, no guarantees for sure in bitcoinlandia.. but you cannot say that we have not been to a similar kind of place before.. and even if we, ourselves, do not bank on UPpity (because we hardly give any shits), we surely do benefit from ongoing UPpity because we already placed our BTC bets years and years ago, and a lot of this ongoing price appreciation is just icing on the cake for so many of us longer term HODLers, rather than any of us really feeling that we either have to sell much if any BTC or that we are worried about catching some kind of short term BTC price top - even if we get a 1-3 month correction, and we have seen plenty of those, with a kind of ongoing "so what?" attitude.

[edited out]

buy a fraction of bitcoin to get a fraction of a shield? 

Oh?   This bitcoin thing is starting to make some senses.   

[BobLawblaw]

I'm on full HODL on BTC...but if BTC goes to like to say $16K or some such I will be 'sacrificing' some of my Altcoins on the bloody Altar of BTC!

FWIW, planning on taking $3M USD in profits @ $15k USD/BTC.

[600watt]

TBH, I'm not really impressed with the volume so far. I know this isn't going to be a popular opinion, but it feels as if a single entity (or a small whale group) controls everything in the market float from ~$10,5k to $12k. And it looks as if their mega pump hasn't really attracted other whale traders at this point.

We could have retracement soonish. Prepare to BTFD.

I'm ready to buy a tidy chunk of physical. Come on baby, drop if you will... or go straight to 12k and stay up there before shooting up some more.

I'm on full HODL on BTC...but if BTC goes to like to say $16K or some such I will be 'sacrificing' some of my Altcoins on the bloody Altar of BTC!

the catch is...will altcoins go doom on a pump but then shoot up afterwards in price as in the past...or will they simply have the 'blood' sucked out of them

by BTC pumping to new heights and yet another boat missed. Timing will be 'everything' on such a dump of altcoins for 'dubious cash' uses of which I can't

inform people on here, because you would be 'accessories before the fact' (kidding I'm kinda boring)


anyway, as with all things crypto I should just flip a coin on-selling altcoins, when if my 'pucker' factor alarm goes off. I really should let 'random chance'

make such sell/buy decisions...lord knows my 'logic' does not work...so at least that way I could 'blame' luck/chance instead..would be refreshing...

whatever...but likely at least half of my altcoins will be sacrificed at around $16k for cash and nefarious uses

imho it is complicated enough to figure out the ups and downs of bitcoin and the percentages, increments of buying or selling, timing all of it. but at least you play this game with a solid asset.

trying to mix this craziness with the additional craziness of picking and timing the "right" shitcoins is craziness squared. with the additional risk of playing here with illiquid scams, criminal pump&dump schemes and the fact that those assets represent nothing but lies and greed and no technical or economic value whatsoever, this is craziness tripled.

in other words, outright stupid.   I rather miss all the pumping shitcoins. it's the only way to make sure to also miss the dumping shitcoins.

[Toxic2040]

that dodgy doji on the 3d didn't amount to much did it?

long legged doji just shows a point of potential indecision by the market..buyers and sellers unsure of which direction to go

its not really a gravestone or a dragonfly either..just long legged..the indecision point would be closer to one end of the wick or the other to qualify

that the market continued higher after the doji indicates to me that the bulls are still in control

overall the charts are showing strength on multiple time frames..just have to keep going until we dont  

[Biodom]

I'm on full HODL on BTC...but if BTC goes to like to say $16K or some such I will be 'sacrificing' some of my Altcoins on the bloody Altar of BTC!

FWIW, planning on taking $3M USD in profits @ $15k USD/BTC.

too premature, but thanks for the heads-up.

[Torque]

trying to mix this craziness with the additional craziness of picking and timing the "right" shitcoins is craziness squared. with the additional risk of playing here with illiquid scams, criminal pump&dump schemes and the fact that those assets represent nothing but lies and greed and no technical or economic value whatsoever, this is craziness tripled.

in other words, outright stupid.   I rather miss all the pumping shitcoins. it's the only way to make sure to also miss the dumping shitcoins.

The proof that shitcoins in general have no value is their fad nature. The hot shitcoin du jour always seems to fade away just a year or two later, to be replaced by a new one (or set). I could list a number of "next big coins" from 2016-2017 era that are near completely forgotten now, even by the shitcoin hype beliebers. Same with shitcoins from the 2011-2013 era, and so on.

Meanwhile Bitcoin is a decade+ on, still in its infancy, yet still going strong and gaining in market strength yoy.

[machasm]

Maybe i'll be joking around on the 16th like: "Hey babe, we never tried threesomes together. If we die tomorrow, we'll never experienced any. So call up your best looking friends asap and let's go!" 

Lets hope her best friend isn't a man.
Or maybe your alright with that /jk

[BobLawblaw]

too premature, but thanks for the heads-up.

Ok. Fine. I'll take another $3M USD profit at $25k USD/BTC.

Happy now ?

[Biodom]

too premature, but thanks for the heads-up.

Ok. Fine. I'll take another $3M USD profit at $25k USD/BTC.

Happy now ?

yes, totally, monsieur
I'll take mine at 70K, then at 150K, then....never.

[bkbirge]

I like how a few months ago the news was that buying on Mondays was the best. I guess everyone front-ran that advice.
https://cointelegraph.com/news/when-to-buy-the-bitcoin-dip-data-shows-sunday-evening-is-ideal

The CME gap fill is a theory that is widely recognized within the cryptocurrency market. Data shows that the Bitcoin exchange market usually moves to fill the gap between CME and the rest of the market. Consequently, following a weekend, Bitcoin often sees a major price action.

[P_Shep]

Even the smallest nuke would give off a blindingly bright white flash when exploding. Also you would think some putz with a geiger counter would have uploaded his radiation findings on youtube by now...

This. The number of people claiming this explosion was nuclear or "atomic" yesterday on Twitter was astounding.

It's almost like people haven't watched actual nuclear test explosions or something.

Feeling pretty damned justified in putting icygreen on permanent ignore during my purge, in retrospect, right about now...

Fucking idiot.

Lol.
Anyone who's watched... pretty much any mythbusters episode will know that high explosives produce visible shock-waves:
https://www.youtube.com/watch?v=lIbl_3g5FRA

[LFC_Bitcoin]

I'll take mine at 70K, then at 150K, then....never.

Pretty much where I’m at

[BobLawblaw]

I'll take mine at 70K, then at 150K, then....never.

Pretty much where I’m at

Ok. I think waiting for $70k USD/BTC for my second batch would be more appropriate. TBH, not sure what is going to happen next time we hit $15k USD/BTC... Maybe I'll wait a bit longer ($20k ?) if the momentum is looking good. Meh. Who knows... Just getting an itch for some profit taking, but recognize we're not quite in the range yet where I would consider selling my precious BTC.

HODLing is hard sometimes. Especially when you're bored, and thinking of stupid shit like buying a ranch... and maybe a McLaren... and a Cybertruck...

[Toxic2040]

hot shitcoin du jour

+1 WOsMerit

wen dis go on sail?  gotta get me a bottle or two


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evening charts

#dyor
4h


another long legged doji as bulls fight back in late trading to post another positive day for bitcoin..all ahead standard
D

#stronghands