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

[Gyrsur]

EDIT2: I'm not sure if the effect on weekends is a dip or a pump. the cause is that the traditional banking world does not process FIAT money inflow and outflow to the crypto exchanges and therefore the circuit is broken on weekends.

Definitely a dip. Probably for the reason you mention. Since the peak in price I think every weekend has been a dip, though it does usually bounce back towards the end of the Sunday.

My theory is that during a bull market weekends pump, while during a bear market they dump. I have no data or bothered even checking to see if that is true so take it with a grain of salt.

thanks somac. and this weekend we have a long weekend in the U.S. (Sa, So, Mo). maybe some more dipping?  

Good chance I think, of course this pattern will change eventually, hopefully this weekend.

I am also seeing a lot of this type of chart around lately

https://twitter.com/WClementeIII/status/1397571523561598980

Apparently this Wyckoff distribution or whatever it is matched the peak. If it matches the the bottom too I expect we'll be back down to 30k at the least, though this chart says 26k, not impossible I guess.

good hint. I saw this Wyckoff thing on FB too. if you dive deeper into it we should be in Phase B now?

and that is also what I mean with the mini-bubbles in a bull phase (weekly or monthly view).

I guess the confusion comes from the different time frames we are looking at. I do watch more the weekly or above view. and you guys seems more looking at shorter time frames for day trading. so to speak I'm more the Investor and you are more the Traders. am I right?

I'm very convinced we are still in a bull run on larger time frames. but you will have several mini-bubbles in this long bull run until the next ATH. and this mini-bubbles will burst too but it is not the end of the larger bull run. the burst of the last mini-bubble happened some days ago. do you guys get now my theorie with the mini-bubbles?

EDIT: this Wyckoff Method is really helpful. you should read through it. maybe in the future I should speak more in a language in which a standard is already established like the Wyckoff Method.

https://school.stockcharts.com/doku.php?id=market_analysis:the_wyckoff_method

EDIT2: FB group for the Wyckoff Method.

https://www.facebook.com/groups/wyckoff.method.of.trading

[El duderino_]

[ChartBuddy]

Explanation

[Gyrsur]

nice picture you painted again.  

[El duderino_]

Opposite direction especially for the weekends

Thank you

*prefer no LOW-30’s

[bitebits]

In case of nocoiner questions in which alt to ‘invest’, have them first have their https://10hoursofbitcoin.com/.

[El duderino_]

nice picture you painted again.  

What’s app sharing’s, you know that app on the phone, when it pings meaning a friend send a message etc .... that kind of thing 

[Gyrsur]

nice picture you painted again.  

What’s app sharing’s, you know that app on the phone, when it pings meaning a friend send a message etc .... that kind of thing  

I see.  

may I ask you if you may think about to release a NFT of the image? then you can sue all the other which share it without your permission. just some fun in not so funny times.  

https://en.wikipedia.org/wiki/Charlie_Bit_My_Finger#Auction

[hv_]

lol

good start for self reflection

[ChartBuddy]

Explanation

[ivomm]

Come on, Winnie the Pooh, after another 10% dip it is time for some chinas FUD. Moron Musk, you can join in too. Tweets coming in 3,2,1... Coal, digital yuan, bla bla bla.

Honey badger doesn't give a f@ck

[greenslope]

Smile, you are still on the 28882 pages of the WO.

The fastest way for the price to increase is to go full short BTC .

[Gyrsur]

[greenslope]

And it's gone... At the end of the year, do you think btc will ...

ah no, 1 btc will always be 1 btc .

enjoy your observations, and don't forget to have fun...

I have an alert on my smart toilets to attend to, it could be possible that I haven't followed the mandatory diet yesterday...

But I don't know, as it appears that I used all my yearly allotted alcohol drinking tokens, at least that's what the centralized individual management blockchain reads...

[ChartBuddy]

Explanation

[bitcoinPsycho]

And it's gone... At the end of the year, do you think btc will ...

ah no, 1 btc will always be 1 btc .

enjoy your observations, and don't forget to have fun...

I have an alert on my smart toilets to attend to, it could be possible that I haven't followed the mandatory diet yesterday...

But I don't know, as it appears that I used all my yearly allotted alcohol drinking tokens, at least that's what the centralized individual management blockchain reads...

[OutOfMemory]

So i came back home from work, fucking tired ...until i checked the chart 
It's future expiry time again, isn't it?

[Dabs]

I sort of get "futures", but not something I'm likely to try and do unless I was a big bitcoin miner. Currently, I'm a sort-of altcoin-trading-to-btc miner but not really, so I still end up with more BTC.

Maybe I should get some and try to predict or stabilize my future price a week ahead, and then do the mining activity based on those numbers, sort of an insurance? I'm guessing that's the whole idea of it.

[ChartBuddy]

Explanation

[Gyrsur]

So i came back home from work, fucking tired ...until i checked the chart  

sorry to hear that.  

It's future expiry time again, isn't it?

yes, as d_eddie mentioned it already. more important for me is to understand the why behind.

Friendly reminder: do NOT poke her just before futures expiry.