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

[HairyMaclairy]

Well I just spent an hour of my life trying to install Minecraft for a child.

After endless loops of “unknown error”, “ there was an error processing your credit card transaction please try again” and “there are no devices associated with your Microsoft account”, despite the fact that the device that I was on being clearly associated with the account in the account settings, I have given up. Much harder to use than bitcoin

Child was disappointed.  Fuck you Microsoft. 

[daniel.roman]

[/quote]


I've reached the acceptance stage. I've come to terms with the fact that I'll be flipping burgers at McDonald's for the next 3 years.


At least until we drop below $2,800 or so. Then it's:


Also bracing myself for continuing to run my mediocre business for another 3+ years.


[/quote]

hahaha
Thanks you make my day wit this comment

[HairyMaclairy]

I capitulated and started shorting again.  

what's your target?

Q1 2019

[Elwar]

And look how my GF Made my travelcase, map with all the papers and where to go “haha, but how very sweet”
Just affraid that i would miss something i guess
Every page hours flights marked etc .......

Dude. You need to put a ring on that finger of hers.

He is a 'genius' as BTC goes down he will see if it was for himself or the BTC Hoard

My gf of 10 years (we are early 30’s - got together young) is currently in the phase of telling me that I ruined ‘our lives by not selling when it was $19,000’.

GF needs to get a job and buy the dip.

Told my gf yesterday she is done shopping. BTC is too low. She was ok with that.

[bitcoinminer42]

My gf of 10 years (we are early 30’s - got together young) is currently in the phase of telling me that I ruined ‘our lives by not selling when it was $19,000’.

drop her  

when u bought?

[STT]

Is the bid volume vs ask volume real on Stamp’s tradeview?

It’s heavily weighted towards bid rather than ask yet we’re tumbling down?

Sorry for the noobish question!

Theres a bullish divergence apparently, where price moves but in an increasingly stretched way relative to previous volume at higher prices.   I dont know thats the case but I recognise the idea that price can go anywhere at all but at times it will become inaccurate.      Forget the current price but look at previous support, did we confirm that as a ceiling before falling because that adds certainty to a down move and its a more balanced downtrend.

  I put my target upside at 6600 area just because good support is a good ceiling and it doesnt seem to have hit its head yet on the weekly but it doesnt have to do anything, it could bumble along for at least 4 weeks.   Someone else said leveraged traders in asia are selling BTC as a source of dollars, so stocks going down and/or dollar index being higher makes BTC weak.   To me that just says we shouldnt be leaning on leveraged traders as holders but theres always going to be some of that effect, hot money circulating the world is a massive deal on every commodity seems like and everyone is trying to dodge that dollar printing press

There was a good comment last year like 12 or 18 months ago about, how would BTC have faired in 2008 in that Dollar value spike reaction.   Everyone who had borrowed dollar (or yen) got their hands burnt at least in the autumn.   The nuclear winter scenario, knocks the price down of everything speculative, growth based.   If BTC can survive the hard times its amazing.   However this isnt 2008 and imo we arent seeing a harsh rise in USD, its risen most of 2018 but its speculative mostly and the FED rate rises was baby steps.
   UUP is an ETF so not entirely accurate but looks like a twin peak of the 2016 December values so maybe if Dollar continues a rise beyond a previous annual high then its a bullish scenario but my guess is we are at the top of the rollercoaster for USD index / DXY and conversely thats the peak of the harsh macro effects for BTC

[gembitz]

Is the bid volume vs ask volume real on Stamp’s tradeview?

It’s heavily weighted towards bid rather than ask yet we’re tumbling down?

Sorry for the noobish question!

Theres a bullish divergence apparently, where price moves but in an increasingly stretched way relative to previous volume at higher prices.   I dont know thats the case but I recognise the idea that price can go anywhere at all but at times it will become inaccurate.      Forget the current price but look at previous support, did we confirm that as a ceiling before falling because that adds certainty to a down move and its a more balanced downtrend.

  I put my target upside at 6600 area just because good support is a good ceiling and it doesnt seem to have hit its head yet on the weekly but it doesnt have to do anything, it could bumble along for at least 4 weeks.   Someone else said leveraged traders in asia are selling BTC as a source of dollars, so stocks going down and/or dollar index being higher makes BTC weak.   To me that just says we shouldnt be leaning on leveraged traders as holders but theres always going to be some of that effect, hot money circulating the world is a massive deal on every commodity seems like and everyone is trying to dodge that dollar printing press

There was a good comment last year like 12 or 18 months ago about, how would BTC have faired in 2008, in that Dollar value spike reaction.   Everyone who had borrowed dollar (or yen) got their hands burnt at least in the autumn.   The nuclear winter scenario, knocks the price down of everything speculative, growth based.   If BTC can survive the hard times its amazing.   However this isnt 2008 and imo we arent seeing a harsh rise in USD, its risen most of 2018 but its speculative mostly and the FED rate rises was baby steps.
   UUP is an ETF so not entirely accurate but looks like a twin peak of the 2016 December values so maybe if Dollar continues a rise beyond a previous annual high then its a bullish scenario but my guess is we are at the top of the rollercoaster for USD index / DXY and conversely thats the peak of the harsh macro effects for BTC

$1500 = good support weeee

[Majormax]

I think true capitulation is in - My reasoning = no micgoosens for multiple pages

Spot on. You will be surprised how true that is, and also how long it will before it happens.

3 months averaging 2 pages a week on WO, is my guess. Maybe 2020.

The way to deal with it, if you have an income, is to put 5% of your spare capital into BTC every month. That way, you will be $ cost averaging through the lows.

If you dont have any spare, then the best thing to do is go away and find a distraction from looking at the price for a year or two (while hodling)

[g-uid]

Buy order set for $2688 based upon complex TA including straight red lines, pointy arrows and other squigglies.

via Imgflip Meme Generator

688 attack sub ftw

[luckygenough56]

Waiting for decent price cut to start averaging cost down...

[gembitz]

Waiting for decent price cut to start averaging cost down...

buy with real money @ ~$1000?  :-D weeeeeee

[HairyMaclairy]

My gf of 10 years (we are early 30’s - got together young) is currently in the phase of telling me that I ruined ‘our lives by not selling when it was $19,000’.

Tell her you intend to ruin your lives by not selling at $250k either. 

[gembitz]

My gf of 10 years (we are early 30’s - got together young) is currently in the phase of telling me that I ruined ‘our lives by not selling when it was $19,000’.

Tell her you intend to ruin your lives by not selling at $250k either. 

magic beans :-D weeeeee

[HairyMaclairy]

We have now penetrated the 200 MA Weekly and have gone back to sitting on it.  Which is not a particularly good sign.  

This area should be heavily defended with extraordinary volume, but instead we are puddling around.  

[gembitz]

We have now penetrated the 200 MA Weekly and have gone back to sitting on it.  Which is not a particularly good sign.  

this is great bitcoin chart needs to "reset" below $1000 :-D #oldschool coiners agree

[RayX12]

My gf of 10 years (we are early 30’s - got together young) is currently in the phase of telling me that I ruined ‘our lives by not selling when it was $19,000’.

Tell her you intend to ruin your lives by not selling at $250k either. 

magic beans :-D weeeeee

I hope this market kicks you in the balls!

weeeeeeee

[dogebearman]

I capitulated and started shorting again.  

what's your target?

Q1 2019

But why still shorting? I also think we will go a bit lower, but do you really think the September 2017 support of ~$2975 will break?

[dogebearman]

We have now penetrated the 200 MA Weekly and have gone back to sitting on it.  Which is not a particularly good sign.  

this is great bitcoin chart needs to "reset" below $1000 :-D #oldschool coiners agree

What do the oldschoolers think about the hyperwave theory? https://www.youtube.com/watch?v=50ruB0sbwIg

[BinaryReign]

My gf of 10 years (we are early 30’s - got together young) is currently in the phase of telling me that I ruined ‘our lives by not selling when it was $19,000’.

Tell her you intend to ruin your lives by not selling at $250k either.  

Hairy, are you a merit source, because I wanted to merit this if you’re not lmao

 

[gembitz]

My gf of 10 years (we are early 30’s - got together young) is currently in the phase of telling me that I ruined ‘our lives by not selling when it was $19,000’.

Tell her you intend to ruin your lives by not selling at $250k either.  

magic beans :-D weeeeee

I hope this market kicks you in the balls!

weeeeeeee

 

i am the market