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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (2.3%)
7/28 - 6 (14%)
8/4 - 7 (16.3%)
8/11 - 4 (9.3%)
8/18 - 1 (2.3%)
8/25 - 1 (2.3%)
After August - 23 (53.5%)
Total Voters: 43

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26416955 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
Dabs
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The Concierge of Crypto


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October 14, 2020, 11:27:10 AM

When a company or anyone buys bitcoin, either they market buy, or create a wall. If the wall is not visible, it could be an OTC buy, or simply an iceberg.
dragonvslinux
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October 14, 2020, 12:15:45 PM
Last edit: September 10, 2023, 01:29:03 PM by dragonvslinux
Merited by 600watt (1)

Notably rejected by log growth trend-line, time for some consolidation to create a higher low?



It's also more than possible price now decides consolidates sideways and creates a higher low around $10.3-$10.4, given that we have established a (local) higher high.

This is otherwise the level I'm looking at for support, if price fails to turn resistance into support ($10.7-10.9K):



Patience is a virtue. Awaiting a 1-4 candle correction to the downside on the Daily for a higher low.
WastedLTC
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October 14, 2020, 12:16:17 PM


Pretty sure that is not the correct BTCetc logo...       lol -- had to look that one up.
Karartma1
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October 14, 2020, 12:26:01 PM

@ivomm
At the end of the day, when looking at all the buying frenzy from publicly traded companies, I think what really matters is the fact that there are less and less available bitcoin on the market. I believe proudhon can confirm that:
Supply Decrease: price increases, quantity decreases


Torque
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October 14, 2020, 01:24:50 PM
Merited by JayJuanGee (1)

@ivomm
At the end of the day, when looking at all the buying frenzy from publicly traded companies, I think what really matters is the fact that there are less and less available bitcoin on the market. I believe proudhon can confirm that:
Supply Decrease: price increases, quantity decreases

Yes, although the exchanges can still keep a lid on things with increased fractional reserves to offset the reduced float. This only works as long as the market is lifeless with very few deep pocket buyers.

But once an on-market buying frenzy starts, combined with mega short squeezes the FR will only make it worse for the exchanges. Price will be gapping up bigly.
Paashaas
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October 14, 2020, 01:39:09 PM

Impressive that Grayscale raised $1 billion in Q3.

.....And this is just the beginning: institutional FOMO.Cool

https://www.globenewswire.com/news-release/2020/10/14/2108440/0/en/Grayscale-Investments-Secures-More-Than-1-Billion-in-New-Investments-in-Q3.html
Elwar
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October 14, 2020, 01:53:01 PM
Merited by OutOfMemory (1)

I have suddenly become super busy but news of the MS Satoshi is exploding.

https://cointelegraph.com/news/cruise-ship-satoshi-to-house-crypto-companies-and-digital-nomads

Our engineer is in Cyprus right now, he says he can see the ship. They should be picking him up in the next couple of hours. 4 COVID tests and 6 days later he made it to Cyprus.
BobLawblaw
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October 14, 2020, 02:07:41 PM
Last edit: October 14, 2020, 02:36:12 PM by BobLawblaw

Gentlemen, etc...

EDIT: lolnope
vapourminer
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what is this "brake pedal" you speak of?


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October 14, 2020, 02:12:03 PM

number goes up

me like
rdbase
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Join the world-leading crypto sportsbook NOW!


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October 14, 2020, 02:33:03 PM
Merited by BobLawblaw (1)

Well..
That was a ride Shocked

Weird when you see it jump like a Mofo then it goes back to when you came in to the chart.
Then most disappointing feeling to say the least. Embarrassed
bitcoinPsycho
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$120000 in 2024 Confirmed


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October 14, 2020, 02:38:45 PM

buyers remorse Smiley
BobLawblaw
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October 14, 2020, 02:39:20 PM
Merited by cAPSLOCK (1), sirazimuth (1), rdbase (1)

Well..
That was a ride Shocked

Weird when you see it jump like a Mofo then it goes back to when you came in to the chart.
Then most disappointing feeling to say the least. Embarrassed

vapourminer
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what is this "brake pedal" you speak of?


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October 14, 2020, 02:48:15 PM
Merited by philipma1957 (1)

number goes up

me like

rats

me changed my mind
philipma1957
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October 14, 2020, 03:31:14 PM

me laughed  Grin. Thank you
sirazimuth
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born once atheist


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October 14, 2020, 03:47:07 PM

Well..
That was a ride Shocked

Weird when you see it jump like a Mofo then it goes back to when you came in to the chart.
Then most disappointing feeling to say the least. Embarrassed



Cue the tv meteorologists drawing a penis on the weather map gif...
El duderino_
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BTC + Crossfit, living life.


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October 14, 2020, 03:58:45 PM

Herasy

Or however it’s written

Booze is strong in this one atm
AlcoHoDL
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October 14, 2020, 04:01:39 PM

Went in, long and green,
Quickly came out, all bloody...
Anal sex virgin!

#nohomohaiku
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October 14, 2020, 04:04:55 PM

I forgot what I wanted to post. Was probably going to be a shitpost.

My expertise. Tongue

I.want.to.see.that post.gif
fillippone
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October 14, 2020, 04:06:51 PM
Last edit: October 14, 2020, 04:47:38 PM by fillippone

Impressive that Grayscale raised $1 billion in Q3.

.....And this is just the beginning: institutional FOMO.Cool

https://www.globenewswire.com/news-release/2020/10/14/2108440/0/en/Grayscale-Investments-Secures-More-Than-1-Billion-in-New-Investments-in-Q3.html

Apparently, I am not able to add numbers up.
This report appears to be too good to be true. Something really strange: I am explaining it here.
Maybe someone of you can help me understand what I am missing.



I am stupid and I need to read the fine prints:
Total AUM grew 1.05 Billions.
BTC AUM grew 719.3 Mios, exactly in line with what I expected on my spreadsheet.

Barry Silbert math is good!

This is incredible: their shitcoins funds attracted an unprecedented flow this quarter!
Read more here.
Torque
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October 14, 2020, 04:18:28 PM
Merited by fillippone (2)

Impressive that Grayscale raised $1 billion in Q3.

.....And this is just the beginning: institutional FOMO.Cool

https://www.globenewswire.com/news-release/2020/10/14/2108440/0/en/Grayscale-Investments-Secures-More-Than-1-Billion-in-New-Investments-in-Q3.html

Apparently, I am not able to add numbers up.
This report appears to be too good to be true. Something really strange: I am explaining it here.
Maybe someone of you can help me understand what I am missing.


You're right to question their "fuzzy math", I can't see it either.

Also they supposedly invest in a whole lot of various shitcoins as well.

Quote
Grayscale’s single-asset investment products provide exposure to Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), Stellar Lumens (XLM), XRP, and Zcash (ZEC).
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