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

[infofront]

$6,500 supposedly

[somac.]

Dayyym, down she goes. Surely Jimbo is on his way home soon.

Punching the clock until spring, gonna let surf, sun and wind rule life for awhile. Whadayagonnado, just keep buying as it gets cheaper.  What's the mining cost again?

I've heard chatter that 6500 is when some miners will start pulling out.

[Febo]

don't fight with the Swiss they all have weapons at home.  

The also have nuclear shelters at home. Every Swiss home has to be build with nuclear shelter. They definitely have a vision.

[Lambie Slayer]

The Bargain Boyz clearly have no interest in these prices so its going lower.

If 6400 doesnt hold and then I fully expect we plunge down to the 5200 range I suspect it will be a ride straight down with almost no big bounces in between, bc the April Tether Fud that started this Bubble took us from 5200 to over 7k with basically no big dips. Im expecting history to rhyme a bit and a straight shot to 5200 if Bargain Boyz dont rescue Bitcoin.

They told me they are celebrating Thanksgiving with fam this week so I wouldnt expect a Bargain Boyz ultra high volume bounce before then, maybe a low volume bounce that will get sold quickly at best.

This Thanksgiving is going to be full of Nocoiners saying "I hear Bitcoin crashed," and "I told you so" to noble Hodlers.  A small price to pay to be one of the future financial elite.

[somac.]

The Bargain Boyz clearly have no interest in these prices so its going lower.

If 6400 doesnt hold and then I fully expect we plunge down to the 5200 range I suspect it will be a ride straight down with almost no big bounces in between, bc the April Tether Fud that started this Bubble took us from 5200 to over 7k with basically no big dips. Im expecting history to rhyme a bit and a straight shot to 5200 if Bargain Boyz dont rescue Bitcoin.

They told me they are celebrating Thanksgiving with fam this week so I wouldnt expect a Bargain Boyz ultra high volume bounce before then, maybe a low volume bounce that will get sold quickly at best.

This Thanksgiving is going to be full of Nocoiners saying "I hear Bitcoin crashed," and "I told you so" to noble Hodlers.  A small price to pay to be one of the future financial elite.

5200. A lot of miners won't be profitable at those levels.

[lightfoot]

Protip: if you ever be in Switzerland don't take an others man wife because it could get ugly for you. 

Swiss are very big on following laws, so I wouldn't worry about rogue ammo. Now, the Swiss assault rifle is better than any club or bat known to man because... well, it's Swiss. So there is, as they say, that.

[HairyMaclairy]

The Bargain Boyz clearly have no interest in these prices so its going lower.

If 6400 doesnt hold and then I fully expect we plunge down to the 5200 range I suspect it will be a ride straight down with almost no big bounces in between, bc the April Tether Fud that started this Bubble took us from 5200 to over 7k with basically no big dips. Im expecting history to rhyme a bit and a straight shot to 5200 if Bargain Boyz dont rescue Bitcoin.

They told me they are celebrating Thanksgiving with fam this week so I wouldnt expect a Bargain Boyz ultra high volume bounce before then, maybe a low volume bounce that will get sold quickly at best.

This Thanksgiving is going to be full of Nocoiners saying "I hear Bitcoin crashed," and "I told you so" to noble Hodlers.  A small price to pay to be one of the future financial elite.

Hmmm I think you are starting to get a bit greedy Lambie.   It is possible, but I am not seeing justification for a downside breakout.  We are sitting at our channel bottom.  Yes we can pierce it to scare the peoples, but I see no particular reason why we should bust downwards out of the channel unless this is a final capitulation move?

Im calling for a bounce within the next 7 days, with possibly some more pain and suffering inbetween, but not much worse because we are already on the bottom of the channel.    From here even $6400 looks hard to reach.   I am not ready to definitively call a local bottom on this particular segment but getting close. 

[Biodom]

The Bargain Boyz clearly have no interest in these prices so its going lower.

If 6400 doesnt hold and then I fully expect we plunge down to the 5200 range I suspect it will be a ride straight down with almost no big bounces in between, bc the April Tether Fud that started this Bubble took us from 5200 to over 7k with basically no big dips. Im expecting history to rhyme a bit and a straight shot to 5200 if Bargain Boyz dont rescue Bitcoin.

They told me they are celebrating Thanksgiving with fam this week so I wouldnt expect a Bargain Boyz ultra high volume bounce before then, maybe a low volume bounce that will get sold quickly at best.

This Thanksgiving is going to be full of Nocoiners saying "I hear Bitcoin crashed," and "I told you so" to noble Hodlers.  A small price to pay to be one of the future financial elite.

Hmmm I think you are starting to get a bit greedy Lambie.   It is possible, but I am not seeing justification for a downside breakout.  

Everybody is entitled to a particular opinion, but I think that it is almost out of the question that we would be following prior fractal 'exactly', so $10K and $5K are equally possible.
By now, everyone should just admit that btc price is simply chaotic with an upward bias (so far).

[gembitz]

\/$5000 here we gogogo!!   #moonbounce

[Lambie Slayer]

The Bargain Boyz clearly have no interest in these prices so its going lower.

If 6400 doesnt hold and then I fully expect we plunge down to the 5200 range I suspect it will be a ride straight down with almost no big bounces in between, bc the April Tether Fud that started this Bubble took us from 5200 to over 7k with basically no big dips. I'm expecting history to rhyme a bit and a straight shot to 5200 if Bargain Boyz dont rescue Bitcoin.

They told me they are celebrating Thanksgiving with fam this week so I wouldnt expect a Bargain Boyz ultra high volume bounce before then, maybe a low volume bounce that will get sold quickly at best.

This Thanksgiving is going to be full of Nocoiners saying "I hear Bitcoin crashed," and "I told you so" to noble Hodlers.  A small price to pay to be one of the future financial elite.

Hmmm I think you are starting to get a bit greedy Lambie.   It is possible, but I am not seeing justification for a downside breakout.  

Everybody is entitled to a particular opinion, but I think that it is almost out of the question that we would be following prior fractal 'exactly', so $10K and $5K are equally possible.
By now, everyone should just admit that btc price is simply chaotic with an upward bias (so far).

@H.M.- I think greed was on the minds of the buyers over 9k who thought a bubble this early after a major bear market was sustainable.

Im staying pragmatic and ruthlessly unbiased. Its gonna take a capitulation event imo to end this and since so far 6ks arent seeming to produce one Im naturally setting my sights on 5200 as the climax of a capitulation event. Im not deploying my last fiat until I see the Bargain Boyz ultra volume or 4900-5200 range prices, whichever comes first. If hypothetically 5200 comes first I of course reserve the right to still not deploy said fiat if I see other things I don't like, hopefully that's not the case but these things are always in flux and developing in real time.

The great news for all Bitcoin lovers is all this bearish price action imo is coming to a close and a new Bull chapter will soon begin once we reach the bear climax.

@biodom - Aspiring to make sense out of the seeming chaos of the world is human nature and what separates us from the lower primates. Not to mention its a lot more fun and interesting than shrugging and submitting to a "nobody knows" mentality. This is why humanity is constantly advancing and doing things that were unthinkable a hundred years prior.

Chaos is simply unapprehended complexity.

[infofront]

I was out for the weekend, so someone probably posted this already:

I think you are correct -- in terms of price anyway. My target of $5,500 is not far below today's low. But I think the surprise might be in the duration and nature of market. I am thinking about a low in July 2020. That will wear out bulls quicker than a price correction.

https://twitter.com/PeterLBrandt/status/1198040324830093312

[Biodom]

The Bargain Boyz clearly have no interest in these prices so its going lower.

If 6400 doesnt hold and then I fully expect we plunge down to the 5200 range I suspect it will be a ride straight down with almost no big bounces in between, bc the April Tether Fud that started this Bubble took us from 5200 to over 7k with basically no big dips. I'm expecting history to rhyme a bit and a straight shot to 5200 if Bargain Boyz dont rescue Bitcoin.

They told me they are celebrating Thanksgiving with fam this week so I wouldnt expect a Bargain Boyz ultra high volume bounce before then, maybe a low volume bounce that will get sold quickly at best.

This Thanksgiving is going to be full of Nocoiners saying "I hear Bitcoin crashed," and "I told you so" to noble Hodlers.  A small price to pay to be one of the future financial elite.

Hmmm I think you are starting to get a bit greedy Lambie.   It is possible, but I am not seeing justification for a downside breakout.  

Everybody is entitled to a particular opinion, but I think that it is almost out of the question that we would be following prior fractal 'exactly', so $10K and $5K are equally possible.
By now, everyone should just admit that btc price is simply chaotic with an upward bias (so far).

@H.M.- I think greed was on the minds of the buyers over 9k who thought a bubble this early after a major bear market was sustainable.

Im staying pragmatic and ruthlessly unbiased. Its gonna take a capitulation event imo to end this and since so far 6ks arent seeming to produce one Im naturally setting my sights on 5200 as the climax of a capitulation event. Im not deploying my last fiat until I see the Bargain Boyz ultra volume or 4900-5200 range prices, whichever comes first. If hypothetically 5200 comes first I of course reserve the right to still not deploy said fiat if I see other things I don't like, hopefully that's not the case but these things are always in flux and developing in real time.

The great news for all Bitcoin lovers is all this bearish price action imo is coming to a close and a new Bull chapter will soon begin once we reach the bear climax.

@biodom - Aspiring to make sense out of the seeming chaos of the world is human nature and what separates us from the lower primates. Not to mention its a lot more fun and interesting than shrugging and submitting to a "nobody knows" mentality. This is why humanity is constantly advancing and doing things that were unthinkable a hundred years prior.

Chaos is simply unapprehended complexity.

Sorry, I don't find your guesses very entertaining since they are not based on anything (ostensibly) in your presentation.
At least, @HM has his favorite fractal.

...Peter Brandt is a doofus who thinks that markets work according to TA and not the other way around.

Suffice it to say, but ALL market predictors got f-ed up this year.
Therefore, I declare bitcoin price fundamentally unpredictable.
That's my null hypothesis now.

I will buy when I see fit, and I will sell as I see fit (to do things).

PS Bargain Boyz? LOL

[nutildah]

I think staring at charts is not waste of time if you like that and enjoy doing it. Maybe for some of you who enjoy other things in life such as going to the beach or go to the party, be with your girlfriend,. Or if you make more money on other things.

Yes I enjoy all those things, and more. What's the point of having money if you can't enjoy it?

[Lambie Slayer]

The Bargain Boyz clearly have no interest in these prices so its going lower.

If 6400 doesnt hold and then I fully expect we plunge down to the 5200 range I suspect it will be a ride straight down with almost no big bounces in between, bc the April Tether Fud that started this Bubble took us from 5200 to over 7k with basically no big dips. I'm expecting history to rhyme a bit and a straight shot to 5200 if Bargain Boyz dont rescue Bitcoin.

They told me they are celebrating Thanksgiving with fam this week so I wouldnt expect a Bargain Boyz ultra high volume bounce before then, maybe a low volume bounce that will get sold quickly at best.

This Thanksgiving is going to be full of Nocoiners saying "I hear Bitcoin crashed," and "I told you so" to noble Hodlers.  A small price to pay to be one of the future financial elite.

Hmmm I think you are starting to get a bit greedy Lambie.   It is possible, but I am not seeing justification for a downside breakout.  

Everybody is entitled to a particular opinion, but I think that it is almost out of the question that we would be following prior fractal 'exactly', so $10K and $5K are equally possible.
By now, everyone should just admit that btc price is simply chaotic with an upward bias (so far).

@H.M.- I think greed was on the minds of the buyers over 9k who thought a bubble this early after a major bear market was sustainable.

Im staying pragmatic and ruthlessly unbiased. Its gonna take a capitulation event imo to end this and since so far 6ks arent seeming to produce one Im naturally setting my sights on 5200 as the climax of a capitulation event. Im not deploying my last fiat until I see the Bargain Boyz ultra volume or 4900-5200 range prices, whichever comes first. If hypothetically 5200 comes first I of course reserve the right to still not deploy said fiat if I see other things I don't like, hopefully that's not the case but these things are always in flux and developing in real time.

The great news for all Bitcoin lovers is all this bearish price action imo is coming to a close and a new Bull chapter will soon begin once we reach the bear climax.

@biodom - Aspiring to make sense out of the seeming chaos of the world is human nature and what separates us from the lower primates. Not to mention its a lot more fun and interesting than shrugging and submitting to a "nobody knows" mentality. This is why humanity is constantly advancing and doing things that were unthinkable a hundred years prior.

Chaos is simply unapprehended complexity.

Sorry, I don't find your guesses very entertaining since they are not based on anything (ostensibly) in your presentation.
At least, @HM has his favorite fractal.

I've mentioned many times some of the more obvious metrics and rationales my predictions are based off of, although my main metrics and rationales I prefer to keep to myself as they are proprietary.

If you said I haven't presented any homemade charts that would and likely always will be accurate, but to say my predictions aren't presented as based on anything is false as evidenced by my post history.

PS

via Imgflip Meme Generator

LOL.

[Lambie Slayer]

Observing 6660 

[Lambie Slayer]

via Imgflip Meme Generator

[infofront]

Man, the bargain boyz are going to really clean up.

[xhomerx10]

Wow!!  I go to run a few errands, put up some Christmas lights and Bitcoin takes another dive...
I've got three words in a new address (which took a while to generate) - 1BUYTheDipPgLUQz4LVK6TRUagUgg2PEWZ
and there's finally an ATM near me that's only ~5% to buy.  I'm going to try it tomorrow.

[DaRude]

Is BTC dead? Blood on the streets yet?

[infofront]

If the poll results are any indication, there's more pain ahead.