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

[JL0]

"The last 4 hour candle closed above the $11,370 resistance, which is encouraging. That said, the 200 MA is still acting as strong resistance, with each of the last 4 candles wicking above and closing below. Bulls really want to see that flipped to support."

https://twitter.com/scottmelker/status/1298596761083273217/photo/1

This is looking good for me 

[kurious]

Anyone observing the er... price?

Yep.

currently $11501USD/$15166CAD (Bitcoinaverage).

 

Edit: Just to nitpick, I should point out that this thread is about observing bid/ask walls not the price. 

I should have known better, Jimbo - I will get my coat...

(actually, unlike days of yore, the thread title does mention 'price movement' but it's still called the WO, yep. Not that I can remember the last time an actual wall was mentioned )

[Karartma1]

I disagree with the 2.1BTC bounty though, getting there is still "too easy", you'd need another more difficult level to get to above that, or maybe some kind of strong commitment, like giving 1 BTC now and getting 2.1 back in 5 years.
I see too many on this forum that clearly got there by shitposting like mad and getting in groups to merit each other or worse (buy merits, etc.).

Come on man, the 2.1 btc thing was clearly a joke. I see you are not familiar with us very much. Get a bit of sense of the WO before posting
 

[Globb0]

I still think these 2 patterns look familiar. Look now is a similar follow on candle.

[Dabs]

There are no walls. Just little bumps and obstacles.

[vapourminer]

avatar cat?

he passed on.
[...]
not having an avatar matches the empty spot in my heart so it seems appropriate to leave it this way for now.

@Vapourminer Sorry for you loss

Sorry for your loss, vapourminer.

[...] I'm really sorry to hear your cat has passed on.  At the same time it's nice to know he's got a special place in your heart and on your wall.

thanks guys. that means a lot to me.

[JimboToronto]

Not that I can remember the last time an actual wall was mentioned

Probably had something to do with Donald Trump.

[JayJuanGee]

Now tc needs a lot more luck
and Raw needs a lot more babies

I recognize the Raw reference, but I am currently brain farting in regards to tc.

It's not you; it's me.

[Paashaas]

Fidelity President Files For New Bitcoin Fund.

Fidelity president and head of strategy and planning, Peter Jubber, today filed paperwork with the U.S. Securities and Exchange Commission (SEC) informing the regulator of a new fund dedicated to bitcoin.

[JayJuanGee]

When I listened to Pomp's podcast today, I thought about the lil dilemma that you had presented in your earlier post, fillippone.

When gods fail.
Jameson Lopp, one of my bitcoin idols, just gone full retard, selling his soul to a meaningless ICO:

Of course, I don't really idealize Pomp because he does have some tendencies to "give the benefit of the doubt" to a variety of shitcoiner ideas, and so on today's show when he was interviewing Alex about the potential advantages of any person creating their own personalized token (shitcoin), I began to speculate (in my mind) that Pomp was going to go down the road of creating his own token/shitcoin, and then he (Pomp) would be lost forever from any kind of possible redemption.

I will note that at about halfway into the podcast, Pomp and Alex started to get into discussing ethereum versus bitcoin, and through that portion of the conversation we could appreciate that even though in the first half of the podcast, Alex had seemed to have had a lot of smart ideas and even seemingly charitable in terms of his expectations around his personalized token (shitcoin).  Once we got into the ethereum versus bitcoin discussion, we could recognize that Alex is a bit of a delusional crazy-ass nutjob, and surely in the delusional camp of a lot of eth-heads, and at through the fleshing out of that conversation, Pomp really was able to present quite valid arguments concerning why any person who might be somewhat materially established would be quite foolish to stake their finances and/or reputation into smoke and mirror shitcoin projects, even though there still could be a decent amount of short-term financial benefits for folks who do NOT have anything to lose to go down that kind of a risky career path.   

Even though some members here might posture that this post (of mine) is going a bit too far down the shit-coin discussion path, I believe that in the end, I am largely providing additional ammunition and reasons why ongoing and continuous bashing on shitcoin projects is a fundamentally sound practice, especially for peeps who are trying to invest their value (whether time, psychology or finances) with attempts to maintain relatively solid long-term practices.. which definitely, in the end, should bring us back to showing king daddy at the top of those kinds  of long term assessments.

[Toxic2040]

avatar cat?

he passed on.
[...]
not having an avatar matches the empty spot in my heart so it seems appropriate to leave it this way for now.

@Vapourminer Sorry for you loss

Sorry for your loss, vapourminer.

[...] I'm really sorry to hear your cat has passed on.  At the same time it's nice to know he's got a special place in your heart and on your wall.

thanks guys. that means a lot to me.

No..thank you, for letting us share your pain.

My condolences my friend.

[JayJuanGee]

PS "I'll gladly pay you Tuesday for a hamburger today."

Even though life is good in these JJG-landia parts, I have not quite gotten to the level of abundance to either treat guests or have confidence to dish out cash/food advances.



Sorry about dat, vm; I feel badly.   I have come to appreciate that it's a dog eat dog world, out there.  

wow thats cold. even for an AI  

Does an AI have knockers like that?

#justsaying

 

Congrats d_eddie
Wel deserved WO-Legendary brother

Nice one eddie, and the meriters  
Life begins at Legendary

Welcome eddie!

There should be a 2.1 BTC reward for all who reach this status. We are on a 1990 forum board with loads of "unused" Bitcoin donations
 

The receipt of an actual 21 satoshis would be nice for accomplishments like this.... and potentially sustainable for a good 8 years or perhaps even 12 years or longer... before such quantities of value transfer might start to become too expensive (absent some kind of forum tax - or are would we be counting on "libertarian charity" - if that might not be an oxymoronic presumption?   )

I am thinking that maybe such a transfer of value would be preferable over the lightning network or some other low fee system in order for such deserving member actually receives the full value (accounting for reasonable transaction fees).. although having a forum wallet that retains value would also remove transaction fees, too (except when moving value in and out of such hypothetical forum wallet).

By the way, congrats d_eddie.  You have had a lot of great contributions to the forum through the years, so your advancing into official "legendary" status was largely as inevitable as bitcoin is volatile... which is as about as sure of a bet as can be made, amiNOTkoreck?

[Toxic2040]

some charts

Hodling onto $11.1kish support bitcoin has bounced back towards $11.5k and is currently trading at $11,468.59 on rising volume. Probable continuation of sideways accumulation today.  #dyor

4h


D

#stronghands

[vapourminer]

Even though life is good in these JJG-landia parts, I have not quite gotten to the level of abundance to either treat guests or have confidence to dish out cash/food advances.



Sorry about dat, vm; I feel badly.    I have come to appreciate that it's a dog eat dog world, out there. 

wow thats cold. even for an AI 

Does an AI have knockers like that?
#justsaying

judging by your hat avatar (if you squint with poor lighting and enough drugs), well, yes maybe it would.

just sayin
 

[JayJuanGee]

Just misclicked on Speculation: guys there is a whole bunch of other people out there! They say price is going to sharply decrease, an ETF will never be approved and you need to scalp the 15 minute chart.

Wish I would have known all this years ago, now just holding a bag .

What is an ETF and why Bitcoin needs that, whatever that is  ? But seriously, aren't they exactly the same guys who even in March's crash claimed the halving was priced in? We know their thinking - they always expect some unrealistic low price to fill their bags. Instead, they are left behind bitter nocoiners.

I was thinking some kind of similar response as you, ivomm, to the evergreen repeated theme concept that we have to have a down before we can go up, and there were a lot of peeps that got screwed out of establishing an adequate bitcoin stash in 2016/early-2017-ish because of such seemingly problematic conceptions.

This time is different?  I am having doubts.

There continue to be so many new peeps that come into the bitcoin space (and of course the scammy overall crypto space), and the old selling points seem to continue to work, even though we can look back and verify that some subtle variation of those same selling points have already been played a few times.

Still seems that the smarter punchline out of this whole old wine in a new flask situation is to just continue to buy BTC and to make sure that each of us has enough BTC for UP, just in case down or more sideways does not happen.

I will definitely concede that none of us really knows, so each of us just have to do what we believe best prepares us on a personal level (without being too smart for our own good), and hope that we do not get our bets too wrong that we are not able to profit from what seem to be ongoingly pretty decent asymmetric odds in favor of king daddy.

Looks like we're in danger of dropping below $11k USD/BTC.

HODL strong, gentlemen.

$11,261, holding strong at the moment, I hope the $11,000 holds. I am not in the mood for a return to $9,xxx or something.
Bears, you’ve had enough fun now, it’s time for higher highs.

Damn, don't even mention 9k. I couldn't stand seeing any more more Vegeta pics.

Please, no more 4 digits BTC.

It seems way too early presume that 4 digits are gone forever.  

Each of us should attempt to be somewhat realistic in our own BTC price expectations.

Sure, we might never witness 4 digits again, but even some of the most bullish of BTC price analyzers appreciate the reality of short term DOWNity, no matter how much some of us might prefer such DOWNity to NOT happen, including the fact that BTC's 200 week moving average is currently a wee bit over $6,500 which such 200 WMA continues to be a reasonable measure for where downward extremes could end up and do happen in bitcoin from time to time.. maybe even more frequently than some of us would prefer.. because they certainly are stressful periods, even for the strongest of BTC HODLers...

If we have been in the BTC space for a while, we should appreciate that one of the great ways to shake some additional weak hands out of their BTC is to manipulate some extreme DOWNities that causes even those who believe that they are strong hands to melt into pussies.... especially if such extreme DOWNity manipulation is coupled with a decently impactful shakening out of some froth from the shitcoin space (aka scammer defi, yield farming, eth heads, amongst others).

[JohnnyUranus]

Even though life is good in these JJG-landia parts, I have not quite gotten to the level of abundance to either treat guests or have confidence to dish out cash/food advances.

Mmmm.... I know which meal I would prefer....

Mmmm.... I know which boobs I would prefer....

[Phil_S]

Sideways 11xxx seems like a brand new thing.

In the past we only visited that range during up-and-down rollercoaster rides.

Now we have time to observe the scenery...



https://www.youtube.com/watch?v=5ecE91ZBusI

[JayJuanGee]

LOL. Ok, so remember how I mumbled something about $11k USD/BTC being in danger ?

Yeah, ignore all that 😂

On the positive side of this, regularly, you do tend to be a pretty damned decent measure about what might be happening on the 1-minute charts, bob.      for whatever that's worth..

 

[Toxic2040]

-snipped-

Mmmm....

+1 WOsMerit

-snipped-

Now we have time to observe the scenery...

+1 WOsMerit

-------

[Last of the V8s]

She needs a damn good ... shower. All that sand gets everywhere. Ev-ery-where.