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

[soxxx]

I got out of work and looked at my phone, loaded up coinbase app, looked at the price and thought my app was broken and had loaded an older date or something.

Bitcoin actually did it, it broke the resistance levels, the downtrend, set a higher high, etc.

[RayX12]

It is a wonderful bullish day!   

[HairyMaclairy]

[shasan]

There is another good news that SEC hiring crypto specialist which may work the make this green market. Really happy to see such a green market.

[Last of the V8s]

The less said about betting at this time the better.

[El duderino_]

24777

21-04-2019 gentlemand
20-02-2020 romneymoney
18-12-2021 luckygenough56

12288

15-04-2019 Spaceman_Spiff_Original
20-06-2019 bitebits
13-12-2019 nikauforest
10-04-2020 yefi
05-09-2020 samson
23-06-2021 fortune143

favorites??

[Last of the V8s]

https://twitter.com/jonrussell/status/1112955103021916160

yay tether fud is back. also parabolic trav

[Febo]

24777

21-04-2019 gentlemand
20-02-2020 romneymoney
18-12-2021 luckygenough56

12288

15-04-2019 Spaceman_Spiff_Original
20-06-2019 bitebits
13-12-2019 nikauforest
10-04-2020 yefi
05-09-2020 samson
23-06-2021 fortune143

favorites??

luckygenough56

and

yefi

[Spaceman_Spiff_Original]

24777

21-04-2019 gentlemand
20-02-2020 romneymoney
18-12-2021 luckygenough56

12288

15-04-2019 Spaceman_Spiff_Original
20-06-2019 bitebits
13-12-2019 nikauforest
10-04-2020 yefi
05-09-2020 samson
23-06-2021 fortune143

favorites??

I wouldn't bet on me to be honest.

[LFC_Bitcoin]

When page parity?

[lightfoot]

Hm. Wake up yesterday morning, KYC on Btalk.
Wake up this morning, bitcoin at 4800.

Is it April Fool's day again?
Am I in Groundhog day or something?

[bitserve]

Hm. Wake up yesterday morning, KYC on Btalk.
Wake up this morning, bitcoin at 4800.

Is it April Fool's day again?
Am I in Groundhog day or something?

Wake up tomorrow and it is Apri Fool's day again with Bitcoin at $2800.

Rinse and repeat

... Life is like a box of chocolates ...

[bitserve]

When page parity?

JJG: "Hold my beer."
JJG: "There!"

[VB1001]

Bitcoin is a scam
 
Bitcoin goes to $1000

Bitcoin is dead

This you will not see, never.

The BTCest

[Icygreen]

Alright boys and girls, action time!   Just feeling it 

Called at $4170.  Full credit. 

Thanks, cheers!  I still feel surprised when it actually happens. Probably be a trader if I could make calls in the other direction. Delusions and such.  

[Asrael999]

When page parity?

somewhere in the 100,000's

[Kylapoiss]

Yeeehaw, I had to refresh bitcoinity.org twice to believe this was real

What's next?

[kenzawak]

Bitcoin Erupts As Short Positions Are Wiped Out
https://cryptobriefing.com/bitcoin-erupts-shorts-wiped/

So breaking 4,200 was it ? That's all we needed ?
5,500 at the end of the week ?



"Traders reacted to the news with cautious optimism. A few pundits suggested that the movement was led by bots, mistaking April Fool’s articles for real market sentiment.

In particular, Finance Magnates published a prank announcement that the SEC had approved Bitcoin ETFs, an issue which has sparked strong price reactions in the past. Some think this explains why Bitcoin seems to be leading the charge.

But the market move came sixteen hours after the FM story was published. If April Fool’s articles had had any discernible effect on the market, as some have said, algorithmic traders would have reacted far faster to the news. It would have been a matter of minutes, not a whole day.

George Harrap, the co-founder and CEO of Bitspark, believes it was probably a “natural move,” rather than a knee-jerk reaction by bots. Noting that Bitcoin is currently trading for $200 more on BitMEX than on conventional exchanges, Harrap suggests the movement was led by leveraged traders.

“This rules out any moves by local fiat exchanges or institutional influence,” Harrap wrote in an email. “It’s more of a natural move as compared with the price movements in 2018 where it seemed that too much was sold off.”
...
David Thomas, director of the crypto-brokerage firm GlobalBlock, argues that the price gained momentum due to technical trading. $4,200 was a “key level” for Bitcoin, he explained, one which it had been unable to break this year.

Short traders identified this level, and calibrated their positions to exit at that price.  When bitcoin broke past this morning, it triggered all the stops on short positions, removing resistance. This, Thomas believes, “exacerbated the move higher,” allowing Bitcoin to suddenly surge up to $4,800 within a relatively short space of time.
...
Thomas said some bullish traders are already predicting BTC at $5,500 as early as this coming week."

[kenzawak]

8 Reasons Why Bitcoin Looks Even Better Than in 2017

https://bitcoinist.com/bitcoin-7-reasons-better-than-2017/

-Better Fundamentals

Bitcoin usage has been steadily climbing for 15 months. Transactions, hash rate are all up despite the ‘Crypto Winter’ and 1MB+ Bitcoin block sizes are now the new normal.

-More Fiat On-Ramps
-Fewer Scams
-Proven Use-Cases

Bitcoin is proving its worth not just as a store of value, but also as a means of payment in many places, especially Venezuela. In countries affected by high inflation, like South Africa and Turkey, in fact, Bitcoin is proving to be a lifeline to them as well

-Bitcoin is Scaling

The Lightning Network is making amazing progress, hitting already 1,000 BTC capacity (or $4.2 million). Bitcoin’s layer two scaling solution looks to be unstoppable making mindblowing progress in just over a year.
Once mass adoption kicks in, there won’t be the bottlenecks, high fees, lengthy wait times, and collapses that we had to experience back then.

-More Bitcoin ATMs Worldwide
-More Key Personalities at the Top
-$20,000+ is Realistic

[STT]

When page parity?

When post parity, that'd be something



So its actually gone through boundaries like these fib levels, through the 200 day MA which is surprising for first attempt.   5200 would the upside target from here and maintaining above 4730 very bullish

So this area is the initial pause on the autumn decline and likely to be the first area for price to fight before what I think will be its eventual return to 6500 to do proper battle with that longer term previous bottom

Its only spent 6 days here so its not a giant area to be resistance but volume was far higher then normal so naturally the price contains sellers and previous trades to unravel I guess

5,500 at the end of the week ?

My guess was 4500 as a gap window, 200DMA also so an area to stage before breaking up.  Its gone way past that so its bullish into the next fight