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

[sirazimuth]

Well then...
I'm glad to see I'm not the only one who posts one's innermost feelings after having a few. And that's not a bad thing.
Good on you bob.  ( albeit no comment on the bible and jesus ...see my avatar)

[l0_ola]

I'm newbie in TA. What do you think will this support level be broken down in the December?
https://i.imgur.com/v46ZZxf.png

[Globb0]

I'm newbie in TA. What do you think will this support level be broken down in the December?

The line you have drawn is already broken if the last red candle is closed now ?

here is your chart, I added a couple of support resistance zones

[OutOfMemory]

I'm newbie in TA. What do you think will this support level be broken down in the December?

See that yellow arrowheads on the right y-axis?

$16.221

We don't want to go below that. Other then that, all is fine.

EDIT: Well, if you want to buy, you'd actually WANT to go below that or whereabouts.


ATM: Support at $17.600-$17.700 is strengthening, volume goes moderately low and RSI slowly approaching "buy zone".
Bears might take advantage of that, re-testing support until dry, to cheer to the bulls again. Around $18.600 i'd like to see crossing of the 200 DMA, followed by sustained bull action.
Just my 2 cents.
#whatdoiknow

[LFC_Bitcoin]

Would be good if we stop this slow bleed ASAP. I really don’t feel like dropping below $17,000. I guess the correction after reaching a new ATH was needed but it’d be nice if we don’t dip much further. There’s a lot of resistance at $20,000 so could be a few months before we get & stay over $20,000.

[anonymous3x]

[BobLawblaw]

$500 order @ $17,650 got filled.

Placed an UTTERLY DEGENERATE order for $500 @ $17,550. Hopefully that one doesn't get filled...

[OutOfMemory]

Maybe EOY liquidation already?

[Paashaas]

We just saw the largest drop in BTC exchange balance in over 3 years!

The total amount of BTC on exchanges decreased by more than 43,000 BTC yesterday.

https://twitter.com/ArcaneResearch/status/1337335910724210690

[ivomm]

We just saw the largest drop in BTC exchange balance in over 3 years!

The total amount of BTC on exchanges decreased by more than 43,000 BTC yesterday.

https://twitter.com/ArcaneResearch/status/1337335910724210690

So, I guess the next move will be pretty violent and getting above $20K soon. Weak hands loss=strong hands win!

[WastedLTC]

We just saw the largest drop in BTC exchange balance in over 3 years!

The total amount of BTC on exchanges decreased by more than 43,000 BTC yesterday.

https://twitter.com/ArcaneResearch/status/1337335910724210690

"We have deleted our latest tweets on the drop in BTC on exchanges, as the change yesterday has been confirmed as Binance inhouse movements."

https://twitter.com/ArcaneResearch/status/1337379091444604933

[d_eddie]

So what. Keep on delaying the inevitable. I'm keen on more cheep koinz. Cheeper, moar cheeper, moar koinz!

[Phil_S]

All things considered, I'm way more busy in retirement than I ever was as a wage slave. It's annoying, actually. Too many things in motion at once

good to know your life is not just 24/7 daytrading on paypal.  

[BitcoinGirl.Club]

Good afternoon WO!
Observing @ $18,060

Bitcoin is not stable coin LOL

[BobLawblaw]

good to know your life is not just 24/7 daytrading on paypal.  

As I noted earlier, I feel gross buying BitcoinPP. Don't think I'm going to do it any more, until they start offering a way of transferring out.

If they end up keeping it entirely within their system in a custodial fashion, that's, like, not cool, dude.

Ain't gonna support that long-term.

[l0_ola]

The line you have drawn is already broken if the last red candle is closed now ?

it was 1day timeframe chart, and support line is still not broken (4h timeframe)
https://i.imgur.com/mqdwlju.png

What do you think about electoral votes at December 14, if Trump will be elected may it be a reason to fall down?

[Karartma1]

Today my dollars bought more btc therefore I was happy.
It's a Long Way to the Top (If You Wanna Rock 'n' Roll)

[STT]

Maybe EOY liquidation already?

Its a break of bullish price channel.   We leave a regular assured process of gains and some speculators will depart, it can snowball into some profit taking and is quite a natural normal process to occur.   Arguably BTC markets have to cycle through prices to be take the air out and give a solid base for further rises, its not that harsh considering how much we gained in quite a short amount of time.

[HI-TEC99]

EDIT: Oh, and someone postulated earlier that I use Kraken. This is not the case. I did for one sale of $100k USD, and found it to be a complete nightmare, to extract the funds.

Why was it a nightmare? How long did it eventually take?

Years ago I read a complaint that they promise unlimited withdrawals, but in reality only allow $50k a year. When I recently checked their site it says they allow $100+ million a year for their top tier. However I haven't had a chance to ask anyone about their experience of a really big withdrawal yet.

[Torque]

Maybe EOY liquidation already?

A month back I had predicted that profit taking would start on Dec. 10th or so, but it seems it started a few days earlier on the 7th.