Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7479.

Leviathan.007

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Quote from: Leviathan.007 on July 02, 2020, 02:43:11 PM

BTC/USDT 4H

As you can see on the chart shown above, we are currently on a downtrend channel (green channel). Static support and resistance levels based on half of the ATR value are clear on the chart with green rectangles. After breaking of the uptrend blue channel today and rejection the channel floor, next support level can be 8800 and after that we can see the price at downtrend green channel floor, we do have also the second static support area here. After touching of the support area, we expect to see the price attempting to reach the channel ceiling at 9450-9500 once again.

As I promised to my bud @LFC_Bitcoin, my next bitcoin price analyze is ready on my thread. Thank you for your attention to my analyze.
I used my personal analyze style here where I use ATR to calculate the support and resistance ranges.

Elwar

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Viva Ut Vivas

Quote from: Paashaas on July 02, 2020, 01:10:25 PM

Zap’s Strike Moves To Public Beta.

Quote

Strike is an application that allows you to transact with Lightning payments with just a debit card or bank account. But, here’s the secret sauce: instead of having to buy bitcoin to load up your Lightning channels, users on Strike never touch BTC. According to Mallers, “This is important as Strike users are not exposed to any volatility, tax consequences, custody challenges, node management, channel management, etc. When a user makes a Lightning payment with Strike, their balance is debited. When a user receives a payment into Strike, their balance is credited.”

In other words, you pay in fiat, but use Lightning. If you want to convert fiat into bitcoin, then create a Lightning invoice and pay yourself through Strike.

Here’s my favorite part: to use Strike, all you’ll need is your name and a phone number.
----
Mallers continues, “The user can custody fiat currency with us, but it is FDIC insured through our banking partner, so there is never a risk to having any customer funds lost. Yes, the set of nodes performing Lightning functionality are hosted and maintained by us, but we don’t ever host or maintain any keys or BTC on behalf of our users. If the BTC is hacked, I’m fucked, nobody else. That’s the way it should be.”

Interesting. My needs are the opposite (need to be able to spend my BTC) but this is a good way for people to onboard to LN with ease. Maybe their debit card could allow for that.

I tried to link my bank account but it did not accept my credentials. Hopefully it is not farming my bank login/password. Not that I put much in the bank.

Leviathan.007

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Quote from: LFC_Bitcoin on July 02, 2020, 01:02:11 PM

Nobody here gives a fuck about Shitcoin Diamond. Wrong thread for this nonsense, bro.

Agreed about the shitcoin thingy bud! I'm not a fan of trading these coins myself. However bitcoin dominance is not only used for altcoins. It's just a part of bitcoin analyze. However, yes, this 'can' be used for altcoins.
I mainly analyze and trade bitcoin as you know mate, and will provide new bitcoin price analyze soon on my thread.

Paashaas

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Zap’s Strike Moves To Public Beta.

Quote

Strike is an application that allows you to transact with Lightning payments with just a debit card or bank account. But, here’s the secret sauce: instead of having to buy bitcoin to load up your Lightning channels, users on Strike never touch BTC. According to Mallers, “This is important as Strike users are not exposed to any volatility, tax consequences, custody challenges, node management, channel management, etc. When a user makes a Lightning payment with Strike, their balance is debited. When a user receives a payment into Strike, their balance is credited.”

In other words, you pay in fiat, but use Lightning. If you want to convert fiat into bitcoin, then create a Lightning invoice and pay yourself through Strike.

Here’s my favorite part: to use Strike, all you’ll need is your name and a phone number.
----
Mallers continues, “The user can custody fiat currency with us, but it is FDIC insured through our banking partner, so there is never a risk to having any customer funds lost. Yes, the set of nodes performing Lightning functionality are hosted and maintained by us, but we don’t ever host or maintain any keys or BTC on behalf of our users. If the BTC is hacked, I’m fucked, nobody else. That’s the way it should be.”

LFC_Bitcoin

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Quote from: Leviathan.007 on July 02, 2020, 12:54:45 PM

Quote from: Leviathan.007 on July 02, 2020, 12:52:45 PM

BTC.D 1D

I see many people talking about alternative coins and bitcoin dominance. So, here I'm going to provide you my BTC.D analyze. As you can see on the picture above, I expect this kind of movement in mid-term time frame. First price retracement until 64 percent and then increase until 67 percent. (Here I also expect decrease the price of bitcoin.) and then, decrease dominance of bitcoin until 62, which will change altcoin markets a lot. As I said before, We are currently in the first wave of decline until 64. In this situation, we are expecting the growth of altcoin prices, then hard decrease and then increase the prices again.

My next analyze regarding to bitcoin dominance is ready and uploaded on my thread. Will be waiting to see your comments.

Nobody here gives a fuck about Shitcoin Diamond. Wrong thread for this nonsense, bro.

Leviathan.007

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Quote from: Leviathan.007 on July 02, 2020, 12:52:45 PM

BTC.D 1D

I see many people talking about alternative coins and bitcoin dominance. So, here I'm going to provide you my BTC.D analyze. As you can see on the picture above, I expect this kind of movement in mid-term time frame. First price retracement until 64 percent and then increase until 67 percent. (Here I also expect decrease the price of bitcoin.) and then, decrease dominance of bitcoin until 62, which will change altcoin markets a lot. As I said before, We are currently in the first wave of decline until 64. In this situation, we are expecting the growth of altcoin prices, then hard decrease and then increase the prices again.

My next analyze regarding to bitcoin dominance is ready and uploaded on my thread. Will be waiting to see your comments.

vapourminer

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what is this "brake pedal" you speak of?

Quote from: qwizzie on July 02, 2020, 12:12:28 PM

Researchers Expose Flaw in Bitcoin Wallets That Could Be Exploited for Double-Spending
https://www.coindesk.com/researchers-expose-flaw-in-bitcoin-wallets-that-could-be-exploited-for-double-spending

Quote

A standard way to transact bitcoin could be vulnerable to double-spending, new research has found. Blockchain sleuths at ZenGo, a wallet startup,
have found a vulnerability that affected at least three major crypto wallets – Ledger Live, Edge and Breadwallet (BRD) – and potentially more.

The bug, which the Tel Aviv-based firm calls BigSpender, allows a hacker to double-spend a user’s funds and possibly prevent them from ever using their wallet again.
It works by exploiting a flaw in Bitcoin’s replace-by-fee (RBF) function, a failsafe that enables users to swap an unconfirmed transaction with one that has a higher fee.

Better keep an eye out on wallet updates.

my version of a TL;DR

wait for 6 confirmations to avoid attack part one

use wallet with coin control to avoid attack part two

qwizzie

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Researchers Expose Flaw in Bitcoin Wallets That Could Be Exploited for Double-Spending
https://www.coindesk.com/researchers-expose-flaw-in-bitcoin-wallets-that-could-be-exploited-for-double-spending

Quote

A standard way to transact bitcoin could be vulnerable to double-spending, new research has found. Blockchain sleuths at ZenGo, a wallet startup,
have found a vulnerability that affected at least three major crypto wallets – Ledger Live, Edge and Breadwallet (BRD) – and potentially more.

The bug, which the Tel Aviv-based firm calls BigSpender, allows a hacker to double-spend a user’s funds and possibly prevent them from ever using their wallet again.
It works by exploiting a flaw in Bitcoin’s replace-by-fee (RBF) function, a failsafe that enables users to swap an unconfirmed transaction with one that has a higher fee.

Better keep an eye out on (third party) wallet updates.

BlackHatCoiner

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Farewell, Leo

LFC_Bitcoin

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Quote from: El duderino_ on July 02, 2020, 11:48:15 AM

Let it be a sweet bear trap :-)

Rocket to $25,000 by September?

Wink

OutOfMemory

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Man who stares at charts (and stars, too...)

Quote from: soullyG on July 02, 2020, 11:07:59 AM

It's ok everyone, breathe

....
Tick. Tock.

Watching this formation since three months now.
Relaxed af.

JimboToronto

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Quote from: machasm on July 02, 2020, 11:43:50 AM

This price action for the last couple of months is testing even the most patient of Hodlers.

Nonsense.

Hodling is measured in years and decades, not months.

bitcoinPsycho

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Im not looking forward to more of bobs botton pics
No offence Wink

El duderino_

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BTC + Crossfit, living life.

Let it be a sweet bear trap :-)

El duderino_

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BTC + Crossfit, living life.

Boys, the DIP is back on the menu

bitcoinPsycho

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can someone here please step in and buy back all the bitcoins sold today? Im almost out of fiat

machasm

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This price action for the last couple of months is testing even the most patient of Hodlers.
When Lambo?

Biodom

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I guess this "bart" is possible, but not likely.
In any case, I would favor a higher low, maybe 6-6.5K, if any.
We could just flat at 8-10K for a while.

Toxic2040

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