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

[serveria.com]

I dont want to be a party pooper, but it is highly unlikely we see one green candle straight to 100k  

There will be a crazy BTFD moment very soon.

We are right at long term macro resistance, all HTF candles are outside the BBands, we got bearish divergences.

I think blow off top very soon.


/edit

My personal prediction is a ATH between 150-200k for this bull cycle and a longterm target between 500k (gold marketcap) and millions(BTC has more utility wrt to financial markets).

I don't think that can be called a blowoff top but I got your idea. What you don't see/understand though is that BTC is still undervalued and dirt cheap even at $13k... ATH is long overdue it's not a big deal and I don't think many hodlers are going to sell significant q-ties at ~$20-25k ...   

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[JayJuanGee]

Hahahahahaha

You did have a really decent opportunity on September 2/3 to buy whatever the amount of those coins back at a considerable discounted price - and of course, various other times thereafter, too... so presumably (based on your posting here), you did not buy any of them back?   

No :-(

But I earned some bitcoins since then, plus some shitcoins and exchanged those to bitcoins at decent prices so I'm good. Bills had to be paid, coins had to be sold, better at 12xxx than 9xxx or whatever the dip was.

Cannot argue with any of that.  Your earlier sell price was NOT really bad at all.  I had to sell a bit of lil fiend in November 2018 - due to bills - and I think that I got an average of about $4,200-ish out of those sold.... I did buy some of them back in the subsequent months, but really, BTC was NOT in that price territory for long enough for my holdings to completely get back to where it was before the sale.

So, I understand the juggling of cashflow that sometimes does not allow as much of a cushion as might be preferred - --- so your outcome likely worked out better than mine.   In my situation, I had entered into contracts in March/April 2018 - and so I knew that the bills were coming and I did a considerable amount of preparation - but NOT totally, so I let some of the cashflow ride inside of my BTC holdings. 

So in my case, it just so happened that large portions of my bills came due in such a way that was less than preferable from my perspective, including our price drop (halvening of price that also happened around that same time), and so sometimes the gambling that might be done - which I had done, might not pay off, and was surely partly a risk that I had taken of my own accord.   

[cAPSLOCK]

Umm I just noticed something... and it's kind of ON TOPIC (?!?)



The order books get REALLY REALLY thin with any offers over 14k.

It's hard to read this next chart, but basically look at the bars.  over 14,400 they get really dwarf-y.



Another way to say it is once we get over 14k there are only a few hundred BTC on the orderbooks between there and an ATH.  Well, I do not know for sure what's over 18k... hmm.

But you know what this means?

[criptix]

I dont want to be a party pooper, but it is highly unlikely we see one green candle straight to 100k  

There will be a crazy BTFD moment very soon.

We are right at long term macro resistance, all HTF candles are outside the BBands, we got bearish divergences.

I think blow off top very soon.


/edit

My personal prediction is a ATH between 150-200k for this bull cycle and a longterm target between 500k (gold marketcap) and millions(BTC has more utility wrt to financial markets).

I don't think that can be called a blowoff top but I got your idea. What you don't see/understand though is that BTC is still undervalued and dirt cheap even at $13k... ATH is long overdue it's not a big deal and I don't think many hodlers are going to sell significant q-ties at ~$20-25k ...  

My though behind the blow off top is that i believe a ton of sideline money is in disbelief right now.

I can see them fomo in and then we get slapped back by some bearwhale illuminatis which will create our blow off top ^_+

Bears will then get their orgasm and short the shit out of BTC just to get bear trapped around the 10,5-11,5k bottom  

[criptix]

Umm I just noticed something... and it's kind of ON TOPIC (?!?)



The order books get REALLY REALLY thin with any offers over 14k.

It's hard to read this next chart, but basically look at the bars.  over 14,400 they get really dwarf-y.

Personally i do not trust orderbook analysis that much - it is just too easy to game it (canceling orders or hidden orders).

I would suggest to check metrics like BTC and stablecoin inflow/outflow from major exchanges.


Over this year we had huge outflows of BTC and the amounts on exchanges are nearing multi year lows.

[Paashaas]

$1000 - $3000 dump will come sooner ore later. Will it occur around $14k, $20k ore $26k?

I can understand if you almost had a heart attack while the price bleeding from $20k to $4k.. just watch out, it will dwarf what will happen when this bubble pops.

Just prepair yourself mentally, next beark market the price will bleed with then of thousands of dollars. From $150k all the way down to $30k - $60k is just hardcore.

Longterm hodlers should reward themselfs to soften the pain...but you can still buy and hold many 4 year cycles ahead.

[cAPSLOCK]

I am prepared to see one after we breech 14k (for the daily) and one after we breech 20k similarly.

Could be wrong.  But there's probably a lot of action that will pour in after both of those zones.

I feel if we blow through one it will be 14k

[El duderino_]

While we wait for BTC post an all-time-high, both on the monthly chart of $14k and the 20k prior top. I'll point out that the organic valuation under NVT Price from underlying long term investors is already at an all-time-high. Price will follow.

https://twitter.com/woonomic/status/1321158945059213312?s=21

In markets when all-time-highs are broached, there's no prior history to go back on, so price discovery swings wildly upward exploring different levels as there's no history to say "that's not valid".

https://twitter.com/woonomic/status/1321158948750151680?s=21

[nutildah]

Dumped some at $12387. Posting here so I can be laughed at later.

Is this where I go full nocoiner troll or should I wait until $20k?

You missed your chance to dump under $10k in early August. That's how no-coiner trolls are made.

[philipma1957]

Dumped some at $12387. Posting here so I can be laughed at later.

Is this where I go full nocoiner troll or should I wait until $20k?

You missed your chance to dump under $10k in early August. That's how no-coiner trolls are made.

that is pretty darn good bro.

[rolling]

Coinbase Pro trading paused for the last 5 minutes...

[jojo69]

[Hueristic]

edit: and people were telling me a month or so ago to sell at like $9,500 usd or some such and 'buy on the dip' ...

I hope you have learned your lesson by now.

[ivomm]

As always Coinbase is trying it's best to fuck up the bull run. I can recall for 2 crashes - one in Dec 2017 around 17K and in June 2019 at the top 13800. Both server "crashes" resulted in severe damage to the price. Hopefully not this time. A leaked photo of Coinbase server:

[philipma1957]

As always Coinbase is trying it's best to fuck up the bull run. I can recall for 2 crashes - one in Dec 2017 around 17K and in June 2019 at the top 13800. Both server "crashes" resulted in severe damage to the price. Hopefully not this time. A leaked photo of Coinbase server:

They may be having a shortage of coin so they turn the server off.

[strawbs]

The thing that really gets my goat (annoys me): being called "lucky" by the few friends of mine who know that I hold btc, the same friends who I told about btc years ago and who decided to invest.....nothing.

If they could understand (or even care to listen), they would learn that there is nothing lucky about sending most of your net worth to a random bank account in Japan (Mt. Gox) not knowing if you'll ever see it again, hodling through multi-year deep bear markets, watching your net worth collapse before your eyes, knowing that it could be years before recovery. That kind of hodling requires a strength of mind infrequently seen amongst contemporaries, coupled with an understanding of btc fundamentals and a realisation of its potential to disturb global finance.

So, if anyone calls you "lucky" for having bought bitcoin and profited, just smile, knowing inwardly that having come through the great bear markets means you're one of the most resilient of them all, and one of the most deserving. Btc rewards those who stay the course.

Congratulations fellow btc adventurers - our time is just beginning. And don't feel bad about taking a little profit here and there. You deserve it.

Fuck yeah!

[vapourminer]

Coinbase Pro trading paused for the last 5 minutes...

looked like it was out for an hour or so?

much professional, very uptime

[rolling]

Coinbase Pro trading paused for the last 5 minutes...

looked like it was out for an hour or so?

much professional, very uptime

It's technically back up but it's still all fucked up. Balances aren't correct. Orders are going through but the balances are not showing up.

[suchmoon]

Thought you already was a TROLL

LOL true, who am I kidding. I don't need an excuse to troll.

looked like it was out for an hour or so?

much professional, very uptime

Yeah there are at least three 15min candles missing:


Edited 2020-11-30 to fix a broken image

Still not enough for me to KYC somewhere else, I'll stick with the shit I know.

[jojo69]

We have blurred the crypto addresses (which were Monero, a private cryptocurrency) where readers were supposed to send contributions to unlock the mysterious information that would discredit the president.