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

[VB1001]

The Trump administration is extending their travel ban to include the United Kingdom and Ireland. ​
Earlier this week, the United States announced a 30-day ban on travellers from European countries.

https://twitter.com/GlobalBC/status/1238871173322149890

[VB1001]

Wow Spain on house arrest, 3k fine for who goes on the streets....

We are going to fuck 24/7

[Biodom]

According to https://data.bitcoinity.org/markets/volume/30d?c=e&t=b
in the last 2 days nearly 1 mil bitcoins were traded (mainly sold) at the main exchanges excluding Binance. On Binance the volume was 400K each day, so we can safely assume more than 2 mil. bitcoins were traded. This is a huge amount and the question is how the market will adjust to this enormous inflow of bitcoins. I don't have a subscription to glassnode to see how many new bitcoins were deposited into the exchanges, normally it is between 15K and 40K, with a daily peak 444K in Dec 2018. After a month the chart will be accesible for non paid users, if anyone has a subscription can check and share what was the peak this time.

On one hand it seems logical to take more time to return above 10K and hold it. On the other hand, these bitcoins are now into a very strong and patient investors. These people are not like the new generation of theoretical traders who think it is easy to make profits. Emotions like greed and fear play a main role, and untrained will crack under the pressure. Experienced investors put their bids low and waited for a year in this case to get them filled. So hardly they will be chasing 10-20% or even 100% profits. Now, when the price starts to recover, the burnt traders and the whole world will see that even in utmost panic Bitcoin didn't go to 0 and no matter the fall it recovers really fast. This lesson will make the weak hands stronger, if they have the guts to enter the game again. So IMO not only a new bull run starts right now, but a whole new bull cycle lasting for years. May be this was the real end of the bear market. How far we will go is a question that honestly I can't answer. All charts and short term predictions were shattered. The good thing is that Bitcoin is not dead and doesn't care about these predictions.

Your thesis is that it was something similar (only worse) to January 2015.
I would hope so, but it remains to be seen (aftershocks, etc.).
It's an opportunity, but also a challenge.
If bitcoin comes out of it strong, so much for the better, but if it weakens vs newcomers, then future is uncertain.
Strangely enough, the dominance did not change much during the ordeal, which was surprising to me. I expected a strong increase.
The main competitor, though, had something terrible happened (in defi app, cough-Maker-cough), so that's that.

I accidentally sent you a merit... It was meant for fillippone.

All the better for you!

here, have it back

[OutOfMemory]

Where we going at  

Probably going to win the halvening prediction game?  
But i don't really want to, if you know what i mean...

These insecure times will shake out quite some hands, i guess. But after that, slow recovery should take place and depending on the world economy sentiment, we could moon again. 2021 ATH may be cancelled, though. 2022-2024 will probably take us to flying heights again.
We'll see, we'll hodl.

Holy shit Oom, 2021 is quite a fucking long way away.. I mean we have more than 9 months before entering and another 12 months

(let's see maths)..

which would be 21 months before exiting...

Holy shit.. you think that we might not make ATH before then?  Bossian is going to take LFC's money?  Omg.. omg... Never would have thunk, and still I have a hard time going down that belief.. .we are not even really outside of the stock to flow model or the four year fractal model or other convincing BTC price prediction models that would suggest that we have decent chances of even getting to new ATH in this calendar year or even in early 2021... jeez, louise...  

I just think of something like an ATH delay. Mainly because of market insecurities and (big) miner politics. S2F is a model that has to prove itself at least for another market cycle, starting with capitulation before halvening, which we kind of already had 2019, but maybe not. Maybe capitulation is now. But who is clearing 9 year old addresses? I don't have the links here on my PC, and maybe titter is a source nobody can really trust, but i guess somebody will sum up the recent market events in a nice summary, which will hopefully be found by a WO member and linked here.

Bossian... You know by now, i hate to hate people. But i would so much like to see him lose the bet.

[OutOfMemory]

Global markets will continue to go down, but at certain point bitcoin will stop sliding, and that moment will be beautiful, as next it will start going violently up

& that is the moment i want to catch to buy. Tax refund fiat incoming in 3... 2... 1... (weeks, unfortunately).

[HairyMaclairy]

Americans have very short attention spans so I suspect that this Corona thing will end in a couple of weeks.

The longer it lasts the more they will be willing to sacrifice whatever they can to make it just finish already.

The media hype will get desperate for attention but likely they will find some new shiny story to focus on.

It will be a problem for most, if not all of, 2020.  

[xhomerx10]

Wow Spain on house arrest, 3k fine for who goes on the streets....

We are going to fuck 24/7

 I doubt it.  I hear the Italians are singing from their balconies.  If they're not able to do it 24/7 then it's unpossible.

[BitcoinGirl.Club]

Good evening WO!
Observing @ $5,408

Are we going to move sideways for a while?

[Indymoney]

Wow Spain on house arrest, 3k fine for who goes on the streets....

We are going to fuck 24/7

 I doubt it.  I hear the Italians are singing from their balconies.  If they're not able to do it 24/7 then it's unpossible.

I was happy with this 24/7 but now as Italian start singing from balconies its frustrated.

[Phil_S]

"The price of any commodity tends to gravitate toward the production cost." - Satoshi Nakomoto

I think by the end of 2020 the dust will clear, and... we'll see.

[Elwar]

https://twitter.com/ChrisPacia/status/1237821675728777221

Ebay not allowing people to sell masks or hand sanitizer.

OpenBazaar users not affected.

[BitcoinGirl.Club]

OpenBazaar users not affected.

It's a beauty.

I wonder why did they ban anyway?

[serveria.com]

[Toxic2040]

Good Morning WO's

Its been awhile friends...and I offer no excuses nor regrets. Life has a funny way of always moving forward yet coming full circle if you follow my meaning..   Anyway...all is well with me and mine and I hope this day brings the same to your and yours.

After Black Thursday I felt the need to look at some older charts and to try and gauge which way the wind is blowing.

*looks around*

Yep...its blowing pretty hard out there..but this to shall pass. Hunker down, accumulate and take care of your friends and family. Its all I got really.


---------

Deep squeeze followed by rebound and accumulation at the 0.236 long fib
4h


Clear break across trend line into capitulation. The market losing over 75% of the gainz made since the lows of late 2018. Followed by...recovery?
D


..and the rockets red glare..
W

#stronghands

[VB1001]

#StrongHats

[jojo69]

glad you're OK toxic

hope you can stick around

[Biodom]

Good Morning WO's

Its been awhile friends...and I offer no excuses nor regrets. Life has a funny way of always moving forward yet coming full circle if you follow my meaning..   Anyway...all is well with me and mine and I hope this day brings the same to your and yours.

After Black Thursday I felt the need to look at some older charts and to try and gauge which way the wind is blowing.

*looks around*

Yep...its blowing pretty hard out there..but this to shall pass. Hunker down, accumulate and take care of your friends and family. Its all I got really.


---------

Deep squeeze followed by rebound and accumulation at the 0.236 long fib
4h


Clear break across trend line into capitulation. The market losing over 75% of the gainz made since the lows of late 2018. Followed by...recovery?
D


..and the rockets red glare..
W

#stronghands

Thanks for the update, but some things cannot be explained or predicted by TA.
TA always reacts to events and has almost zero predictive ability.

[hodl_2015]

Americans have very short attention spans so I suspect that this Corona thing will end in a couple of weeks.
The longer it lasts the more they will be willing to sacrifice whatever they can to make it just finish already.
The media hype will get desperate for attention but likely they will find some new shiny story to focus on.

It will be a problem for most, if not all of, 2020.  

American media will go 100% election-mode before the end of 2020.

[BitcoinGirl.Club]

Well actually holding is very easy like the first image. Just do not check the price of the coins. You know when you are going to need your coins to be used. After x years? Then come back after x years and see where you are.

Holding is very easy my brothers and sisters, as smooth as your smoothie.

[Phil_S]

Just do not check the price of the coins.

Impossible.