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

[vapourminer]

Before turning it on, put your fingers in the plug to verify that there is electricity.

im not sure that wire gauge is thick enough to be safe. to me it like a possible fire hazard.

[BitcoinGirl.Club]

Before turning it on, put your fingers in the plug to verify that there is electricity.

 

You can also use your tongue. Lick it to test the electricity. 😛
Disclaimer: I am not responsible if you burst your head LOL

[BitcoinGirl.Club]

im not sure that wire gauge is thick enough to be safe. to me it like a possible fire hazard.

It's very risky by any means.

[JayJuanGee]

30% drop on Bitcoin incoming? Get ready to buy lower!
https://www.tradingview.com/chart/BTCUSD/y4lKlQbn-30-drop-on-Bitcoin-incoming-Get-ready-to-buy-lower/

what is your opinion?

I had drafted a response to this post yesterday, but before I hit "send", I accidentally deleted my whole response.  I was demoralized in drafting my response again at that time, but I have regained some typing enthusiasm, so let me try again.

Of course a 30% or even more BTC price correction could come at any time, and I doubt that your drawing squiggly lines on a chart, Retina, helps very much to inform us as to either when such 30% might occur and how much of a BTC price correction will come, once the correction gets started.

I have postulated on several occasions that 30% plus price corrections are quite common in BTC's dynamics, but also I believe that they are more likely to occur after the price has run for a while, rather than now when it seems that BTC might be on the cusp of pulling itself out of the bearishness of the longer down cycle that stared in December 2017 and was exacerbated (or even confirmed as either tragic or over) in November 2018.

So in earlier posts, including a post that came on April 1, just before this most recent price pumpening to $5k, I had already postulated that a 30% or more BTC price correction becomes more likely once we had reached over $5k (and surly we reached $5k way quicker than most of us expected, including yours truly). 

A 30% or more price correction from our current local top of $5,345 would bring BTC prices into a $3,742 or lower range, which I would consider pretty whipsawing unlikely and even extra bearish to happen right now when a certain amount of upwards price momentum seems to have come out of the April 1 and since pumpenings.  

Seems to me that getting to the $6,200 to $6,500 price range before experiencing a 30% plus correction would not be out of the question and even seems to have some possible credence now.. even while we  have gotten temporarily paused in this $4,900 to $5,150 price range

In other words, I would expect at least a bit more UP before a 30% or more price correction becomes more feasible... even while nothing is totally out of the question in bitcoinlandia, some scenarios remain more plausible than others.. and the current short term momentum seems slightly UP even though I remain of the current opinion too, that we have not quite exited out of the bear market, just yet... getting close to exiting our current on the cusp bear market but I remain too conservative (in my lagging indicator perspective) to presume that the current local bottom of $3,122 is assured as "in" .  Call me a whimpster.

[hodl_2015]

im not sure that wire gauge is thick enough to be safe. to me it like a possible fire hazard.

It's very risky by any means.

Yes, dangerously insufficient amount of duct tape, by any standard.
That type of plug is only for such low-power equipment that the wire gauge will be fine.

[zhekinsp]

Before turning it on, put your fingers in the plug to verify that there is electricity.

 

Sure.

[JayJuanGee]

With a bit of navel gazing, biz jets might make sense for someone with 5,000 BTC at the top of the next bull.

Is Loaded still hodling?

We are going to need mid-4 digit level of BTC to get to biz jet levels?  Either you are not very optimistic about the upcoming BTC price or we have different interpretations of when a biz jet might be employed

Many of us here are struggling in the 1-2 digit levels of BTC.  I hope that there is enough riches for us lower lives on the ground to be flying publicly rather than possibly privately.

Let's consider what is biz jet level?  Maybe at least $100million in wealth (that would be a mere 333 BTC if we get to $300k per BTC)?  Some lowly $50million might be to try to pull this off, too, at least at the entry biz jet level... but yeah, $50million might not be quite to biz jet levels, yet.  By the way, for 5,000 BTC to equal $100 milllion, that would be a mere $20k in BTC prices.  You gotta be more bullish than that because hardly any of us actively participating here are going to be able to relate to 5,000 BTC, even though there may be a few more likely in the 500 plus BTC arena... while the more realistic audience, and not quite as presumptuous would be in the 50BTC level - or at least aspiring for something like that might be more in reach for the more well-off and active wall observer participant.

And who knows about Loaded, in the 40k BTC plus arena?  Real elitism there.

[Phil_S]

I hope that there is enough riches for us lower lives on the ground to be flying publicly rather than possibly privately.

[zhekinsp]

It sure feels like we're gaining ground at settling over $5,000 for the longterm.

For me it feels like we are going to some big changes in the market either huge bump or dump on the upcoming days.

[bitserve]

With a bit of navel gazing, biz jets might make sense for someone with 5,000 BTC at the top of the next bull.

Is Loaded still hodling?

https://blockchair.com/bitcoin/address/bc1q9sh6544xls87x7skjzyfhkty4wq7z76vn7qzq9

Fucking A.  Good for him. 

STILL HODLING 40,000 bitcoin’s, fucking hell. I would have been at least 50% out by now. Is he still alive, might be fucking dead with that amount of coins not sold.

That probably is not ALL of his stash.

Pretty impressive yeah.

[JayJuanGee]

It sure feels like we're gaining ground at settling over $5,000 for the longterm.

For me it feels like we are going to some big changes in the market either huge bump or dump on the upcoming days.

The "up"coming days are critical.^tm

[JSRAW]

The true #Bitcoin inventor has been revealed

https://twitter.com/Xentagz/status/1114864121026097153

Funny!

[bitserve]

im not sure that wire gauge is thick enough to be safe. to me it like a possible fire hazard.

It's very risky by any means.

Yes, dangerously insufficient amount of duct tape, by any standard.
That type of plug is only for such low-power equipment that the wire gauge will be fine.

Not everyone has duct tape at hand. I would have used some chewed gum. Someone might get hurt otherwise.

[ivomm]

The shorters were spotted trying to stop BTC with walls:

[VB1001]

Bitcoin (BTC) Likely To Experience Maximum Pain Before QE4

Bitcoin (BTC) and other cryptocurrencies are still highly speculative assets. It would be unreasonable to compare Bitcoin (BTC) to digital gold at this point when it has a market cap of less than $100 billion and has been seen massive pumps and dumps. The weekly chart for BTC/USD shows that Bitcoin (BTC) is heavily overbought and is due for a sharp decline if it closes the week below the 50 week exponential moving average. Bitcoin (BTC) also has a strong correlation with the S&P (500) as we have noted many a time in some of our analyses. The last time the S&P 500 (SPX) started to decline was in September, 2018. If we look at the BTC/USD chart around that time, it was also preparing for a decline. When the S&P 500 (SPX) crashed after that, so did BTC/USD until the price declined to its 200 Week EMA and closed above it.

https://cryptodaily.co.uk/2019/04/bitcoin-likely-to-experience-maximum-pain-before-qe4

Until the end of the year, up and down.
Some see it this way.

[Febo]

It sure feels like we're gaining ground at settling over $5,000 for the longterm.

Bitcoin is not ready to say goodbye to sub 5000. We will most likely even see sub 4000 in the summer. After that $5000+ Bitcoin will be sure things.

[LFC_Bitcoin]

It sure feels like we're gaining ground at settling over $5,000 for the longterm.

Bitcoin is not ready to say goodbye to sub 5000. We will most likely even see sub 4000 in the summer. After that $5000+ Bitcoin will be sure things.

I don’t agree with the bolded. Historically, the closer we get to the halving (May 2020) the price creeps in an upwards trajectory.

I could be wrong but personally I feel the $3000’s are gone for good.

[fillippone]

What caused price surge in BTC?
I collected a few evidences, from the most simple to the most convolute. So I like the last one!

• more buyers than sellers. Not a single whale as previously thought, but a series of coordinated buyers across different markets:
  https://twitter.com/CumberlandSays/status/1113905335025184769?s=19
  
  
  
• Short squeeze after the CME futures expiry, as explained by Gabor Gurbacs:
  https://www.nasdaq.com/article/will-the-bitcoin-bounce-last-etfs-in-focus-cm1123809
  
  
  
  
• Chinese CB is raking up again gold reserves, signaling an imminent Yuan Devaluation. BTC has always been sensitive to yuan movement, albeit with diminishing correlation since BTC became less and less China related.
  
  https://www.zerohedge.com/news/2019-04-07/beijing-signaling-imminent-currency-devaluation-china-unleashes-gold-buying-spree
  
  

[serveria.com]

It sure feels like we're gaining ground at settling over $5,000 for the longterm.

Bitcoin is not ready to say goodbye to sub 5000. We will most likely even see sub 4000 in the summer. After that $5000+ Bitcoin will be sure things.

Wishful thinking. Your bags are clearly not full yet so you'd like to see sub $5k prices. Not gonna happen. Feels very much the same as trolls predicting $1700-2500 bottom few months (weeks?) ago. Where are they now?  

[serveria.com]

It sure feels like we're gaining ground at settling over $5,000 for the longterm.

Bitcoin is not ready to say goodbye to sub 5000. We will most likely even see sub 4000 in the summer. After that $5000+ Bitcoin will be sure things.

I don’t agree with the bolded. Historically, the closer we get to the halving (May 2020) the price creeps in an upwards trajectory.

I could be wrong but personally I feel the $3000’s are gone for good.

Exactly, as I predicted earlier $6-6.5 in Summer, $10-15k Fall and new ATH in December 2019.