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

[OROBTC]

Can't remember why I placed Dabs on my ignore list. Was likely done while in a "rage state", and removed him, but, well... here.

Thanks.

I don't like being ignored.

I also don't have anything in my ignore list, likely because I had to see every post before when I used to be mod, and if I needed to actually ignore someone, I could just skip whatever they posted. Or read it anyway, then don't respond.

Mmm.  Ignore List.

Dabs and Peter R kindly helped me a lot when I was (even more of) a beginner than now on a couple of topics of interest to me back in the day.  Those two would be on my "Merit List" were that to exist.

I don't have anyone on Ignore, erm, 'cause I might learn something.

[JayJuanGee]

Bitcoin Will Break Out This Year, Says Devere CEO

https://news.bitcoin.com/bitcoin-breakout/?utm_source=feedburner&utm_medium=twitter&utm_campaign=Feed%3A+BitcoinBoltFeed+%28Bitcoin+Bolt%29

We only have 43 minutes & 47 seconds for the weekly candle to close, and it appears slightly inclined towards closing greenie....

A close above $11,655 will be green...

Of course, we are above $11,655, as I type.. just observing $11,705 as I am clicking on the "post" button.

Green, confirmed.

[lightfoot]

A bit to see surprised I made lightfoot's list, but hey, people gotta do what they gotta do. Don't have any issues with the fellow at all.

Not at all Bob. I think there was a time you were flaming a bit and I tossed you on to quiet stuff down. Lately when you post I just read it (like now), I'll update. :-)

[Toxic2040]

the weekly wall report

Bitcoin posted a solid day closing the weekly candle at $11,708.97 on declining volumes. Tomorrow is the close of the monthly candle and will bring further clarity as what lies ahead.  #dyor

The daily candle almost closed as marubozu though perhaps not as it has a small wick at the bottom. I consider it close as we finished the day at the top of the trading range. The technical definition is a candle that trades strongly in one direction and closes at its high or low range for the session in case any of you are wondering.

Bears eat crow
D


As for the weekly candle..there is much to unpack here so bear with me. Bitcoin finished the week in the green with a strong push above $11.65k resistance opening the door for further upwards movement. Obviously of the three possible ways we can go here..I think two are more probable...up or down. Sideways consolidation has been the theme for the last 4 weeks or so and I believe we are about to breakout of the range we have been currently trading in...basically $11k to $12k. The strong global demand for bitcoin as a store of value seems to be increasing as the shock wave of the Covid-19 pandemic and social unrest promulgate around the world. That is one part of the equation.
The second part is of course the miners. Will they hodl? Can they continue to hodl? I am not sure tbh. The two scenarios I envision are this..
1.  In approximately 2 to 6 weeks...miners capitulate and we see some form or another of a V pattern. Price drops downwards toward the 0.5 long fib line at around $10.5k and we see more trading between $9.5k and $10.5k.  It could be even worse if hodlers panic over the US elections and we loose long fib support and perhaps drop down into the cloud and retest vegeta levels. Regardless I dont see $8k support being tested again unless sha-256 is broken.
2. The second scenario is much more pleasant..bitcoin spikes upwards over the next several weeks and does not look backwards until a new ATH. Perhaps not much even then. I think bulls should be targeting the $25k range as a new median price for corn. It has a nice psychological weight to it and imho would make a nice launch platform for the next leg upwards. All things worth considering.  

Honey badger bites eagle on the ass
W


More data available tomorrow of course but the monthly continues to look bullish. Carry on.
M

#stronghands

[vapourminer]

re: ignore list

a while back (years) when sig spamming got real bad someone (several people i think) published lists of everyone who was in a sig campaign in a format you could copy/paste into your ignore list. the lists were hundred of names long and i imported several, to the point where the forum gave me errors when importing.

as time went on i unignored some as their posts were usually useful (found when others quoted them for instance). but my list still has hundreds of names, many of whom probably are long gone from the forum. but my ignore list is stupid long to scroll through still. baddecker and ibian are about the only ones worth mentioning here.

oh and the various bsv trolls. jbreher gets a pass though.

[BobLawblaw]

Peter R kindly helped me a lot when I was (even more of) a beginner than now

 Peter Rizun is one of those fellows that started off being helpful in the Bitcoin space, but lost all credibility after latching himself onto the BCH train, and shilling it harder than a Saigon whore.

 Sad.

[OROBTC]

Peter R kindly helped me a lot when I was (even more of) a beginner than now

 Peter Rizun is one of those fellows that started off being helpful in the Bitcoin space, but lost all credibility after latching himself onto the BCH train, and shilling it harder than a Saigon whore.

 Sad.

Missed all of that.  Maybe I should be coming back more often?  It's hard to keep all the personalities straight, especially in a complex subject as BTC as well as on a big site like this.

[gembitz]

12k+ here we gogogogo :-D weeee this is gentlelemen $20202

[gembitz]

Can't remember why I placed Dabs on my ignore list. Was likely done while in a "rage state", and removed him, but, well... here.

Thanks.

I don't like being ignored.

I also don't have anything in my ignore list, likely because I had to see every post before when I used to be mod, and if I needed to actually ignore someone, I could just skip whatever they posted. Or read it anyway, then don't respond.

Mmm.  Ignore List.

Dabs and Peter R kindly helped me a lot when I was (even more of) a beginner than now on a couple of topics of interest to me back in the day.  Those two would be on my "Merit List" were that to exist.

I don't have anyone on Ignore, erm, 'cause I might learn something.

Peter TODD taught me the ropes in the early yeers weeee BTC go moon

[600watt]

re: ignore list

a while back (years) when sig spamming got real bad someone (several people i think) published lists of everyone who was in a sig campaign in a format you could copy/paste into your ignore list. the lists were hundred of names long and i imported several, to the point where the forum gave me errors when importing.

as time went on i unignored some as their posts were usually useful (found when others quoted them for instance). but my list still has hundreds of names, many of whom probably are long gone from the forum. but my ignore list is stupid long to scroll through still. baddecker and ibian are about the only ones worth mentioning here.

oh and the various bsv trolls. jbreher gets a pass though.

really funny. I also checked my ignore list and expected it to be somewhat empty but then learned that I get blisters on my fingers from all the scrolling down. at least now I have an explanation. thx.

[AlcoHoDL]

My Ignore list is empty. And always will be. It had r0ach in it once, and a couple of other users too, but I found that I occasionally unignored them to see what they were posting (yes, even r0ach), which negated the use of an Ignore list...

I do have an Ignore list, but it resides in my brain, and, combined with the scroll wheel of my mouse, lets me skip through the posts that don't interest me, while at the same time being able to peek for something important in them.

Having an Ignore list in BitcoinTalk is hard-limiting myself to the information posted, and letting a robot decide what I read or not read. I prefer to be exposed to everything and filter it out on-the-fly, on the basis of what is being said, not on the basis of who says it.

[jbreher]

Peter R kindly helped me a lot when I was (even more of) a beginner than now

 Peter Rizun is one of those fellows that started off being helpful in the Bitcoin space, but lost all credibility after latching himself onto the BCH train, and shilling it harder than a Saigon whore.

 Sad.

I must have missed that. I don't recall Rizun ever _shilling_ anything.

Of course, he did commit the unforgivable heresy of advocating for a Bitcoin unhindered by an economically ignorant centrally planned production quota upon transaction volume.

[nutildah]

My Ignore list is empty. And always will be.
...
I prefer to be exposed to everything and filter it out on-the-fly, on the basis of what is being said, not on the basis of who says it.

That's pretty open-minded of you. I occasionally like to read posts from the Gambling section while in search of knowledge and there's often too much spam that impedes my ability to find the juicy info for which I am looking. This makes maintaining an ignore list a must as sometimes you just know that 99 times out 100 a certain account is going to write something not worth reading. I may miss out on some mildly interesting info from time to time, but that's the price to be paid for expediency.

About a year ago, I copy/pasted a huge Ignore list of mostly sig spammers, tweaking it to my specifications over the months, and it has grown in size to the point where I can no longer open the Ignore List settings in my Profile, LOL. The only way I'll be able to access it again is by manually unignoring at least 50 to 100 users as I come across them, and I don't think that's happening any time soon.

I have only a handful of WO posters on Ignore, and for the most part they stopped posting here, so it works out.

[bitebits]

1400 bitcoins recently stolen due to the old Electrum malicious servers issue. Fortunately the original owner still seems to have the real bitcoins left /s.

https://github.com/spesmilo/electrum/issues/5072#issuecomment-683356052
https://blockchair.com/bitcoin/transaction/2db616f5b4545805dc1de59bc65b21b548c0d553ab187fa1625ef73c727f1e54

[AlcoHoDL]

My Ignore list is empty. And always will be.
...
I prefer to be exposed to everything and filter it out on-the-fly, on the basis of what is being said, not on the basis of who says it.

That's pretty open-minded of you. I occasionally like to read posts from the Gambling section while in search of knowledge and there's often too much spam that impedes my ability to find the juicy info for which I am looking. This makes maintaining an ignore list a must as sometimes you just know that 99 times out 100 a certain account is going to write something not worth reading. I may miss out on some mildly interesting info from time to time, but that's the price to be paid for expediency.

About a year ago, I copy/pasted a huge Ignore list of mostly sig spammers, tweaking it to my specifications over the months, and it has grown in size to the point where I can no longer open the Ignore List settings in my Profile, LOL. The only way I'll be able to access it again is by manually unignoring at least 50 to 100 users as I come across them, and I don't think that's happening any time soon.

I have only a handful of WO posters on Ignore, and for the most part they stopped posting here, so it works out.

That makes sense. Fortunately, WO is a pretty clean thread, so there aren't many users to ignore.

Also, it would help if the forum engine would completely remove (i.e., not show at all) the presence of an ignored user's post. The way it does it (i.e., showing the nickname and post header, followed by the text "This user is currently ignored.") is just too tempting for the reader to momentarily unignore the user and peek into his/her post, which kind of negates the usefulness of an Ignore list.

[JayJuanGee]

Peter R kindly helped me a lot when I was (even more of) a beginner than now

 Peter Rizun is one of those fellows that started off being helpful in the Bitcoin space, but lost all credibility after latching himself onto the BCH train, and shilling it harder than a Saigon whore.

 Sad.

I must have missed that. I don't recall Rizun ever _shilling_ anything.

Of course, he did commit the unforgivable heresy of advocating for a Bitcoin unhindered by an economically ignorant centrally planned production quota upon transaction volume.

Peter Rizun (Peter R) is a disingenuous dweeb, and uses his smarts (and even seemingly high level of technical understanding of bitcoin (and "blockchains" whatever the fuck that is?) and even some decent abilities to articulate complicated concepts) to trick/mislead people into going along with some of his bullshit disingenuine BIG blocker attacks on bitcoin, (purportedly) pumping bitcoin 2.0 projects, nonsense talking-points....

Kind of reminds me of someone... Oh wait?

[Hueristic]

By the way, I managed to withdraw everything from Bitmex before going through the latest KYC/AML doorway. Anybody still keeping funds with them must complete identification before they can trade, deposit or withdraw.

same story with Bitstamp some time ago (don't remember which year it was). Bitstamp switched to KYC/AML.

Still looking for a DEX that allows trading pairs of BTC:USD, BCH:USD, and/or BSV:USD, and is actually... you know... decentralized. Suggestions?

I think thats not possible, you need to use a stablecoin pair if you want to trade for fiat.

also I don't recognize those last two as coins.

@lightfoot, do understand a lot of them on that list, (whole forgotten about some of the real tards on that list) 

Then again I can’t understand some users.... quoting someone’s post to then tell everyone that the guy is on the ignore list

But why Always putting them on unignore .... flipping daily from ignore to unignore... = unhealthy, some guys please make up your mind 

Sometimes its easier than to let someone irritate you.
Especially useful when your trying to get through alot of threads in little time.

[JayJuanGee]

Tomorrow is the close of the monthly candle and will bring further clarity as what lies ahead.  #dyor

Do you really believe that there is any kind of material significance to monthly candles?

Are monthly candles used by anything?  Bots?   Sure, they might be displayed here and there, but really significance?

Remember, from time to time, we also have quarterly, yearly and even 4 year candles being touted about, too.

I am not proclaiming any kind of non-significance of these various candles, but I wonder if you are really seriously excited about such impending monthly candle close or you are just a tease?    

In approximately 2 to 6 weeks...miners capitulate and we see some form or another of a V pattern.

Do you really believe that miners are on the edge?  There is a lot of behind the scenes with miners, and surely over the years and the various halvenings, we have had a variety of nonsense miner death spiral theories spouted out that do not end up playing out, but seems that part of the underlying presumption of your miner capitulation theory would be that there is something unsustainable going on behind the scenes in mining.

Sure we could have a three gorges dam rupture or something catastrophic like that, but that does not seem to be being calculated in the scenario that you are conjecturing, toxic.

I look at the recent halvening and the largely stable hashing power being thrown at bitcoin with even a slightly high point after this last difficulty adjustment:

https://btc.com/stats/diff?_ga=2.166892222.1079250679.1586286038-48233127.1586286038

In my potentially rosey eyes, mining hash rate continues to appear bullish as fuck on an ongoing basis, including the difficulty adjustments that were made before and after our most recent halvening and really how steady the ongoing upward pressures on difficulty continues to seem as UPpity.  Am I missing something?

[Karartma1]

My Ignore list is empty. And always will be. It had r0ach in it once, and a couple of other users too, but I found that I occasionally unignored them to see what they were posting (yes, even r0ach), which negated the use of an Ignore list...

I do have an Ignore list, but it resides in my brain, and, combined with the scroll wheel of my mouse, lets me skip through the posts that don't interest me, while at the same time being able to peek for something important in them.

Having an Ignore list in BitcoinTalk is hard-limiting myself to the information posted, and letting a robot decide what I read or not read. I prefer to be exposed to everything and filter it out on-the-fly, on the basis of what is being said, not on the basis of who says it.

Brothers! The same as you.
Nobody's on my ignore list since a long time. I have a good eye spotting shit when I find it. I do recognize who are the ones worth reading and those I can easily skip.
Paradoxically, the WO could be considered a sort of spam megathread but most of the users don't realize that what can be found here can be found nowhere. Most of you are truly helpful when sharing news, facts and figures with us.
I guess we have a thousand lurkers but many are afraid to post here. They are probably in awe of your powerful magic.  

[Last of the V8s]

~ Am I missing something?

Not much really, just the fud that attacks mining all the time, whether China fud or USA, which stalls the ever-up hashrate sometimes.

CCP really wants bitcoin out of China (lol) and USA has mixed success getting it in.