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

[toknormal]

RSI hitting 30 is quite bullish actually.

I always thought there was more of a selloff to come since we've never plumbed the oversold zone on the 1-week chart since way back in 2015. Getting that out of the way might make it safer for traders to contemplate a trend reversal since in bitcoin it tends to only visit that region rarely and once (or max twice) per cycle.

[HairyMaclairy]

Careful this is just fuckery at the moment imho

no
scalping btc for the win

Good for you man.  Too choppy for me.

[Indymoney]

At least it shows some signs of life.... Let's see if its a trap or not.

Look like trap going down again very quickly  

[bobo012]

Well holy crap, with this rate we will be sub 3k tomorrow lol.

But regarding to a previous post, this whole situation is just a part of the full market cycle.  Just need to be patient to see some greens again.

It is better to have quick drop and be over with that imho, than have a slow bleadout
Slow bleadouts are the worst

[somac.]

need the bounce to get to 4200 or it is nothing

[Last of the V8s]

Careful this is just fuckery at the moment imho

no
scalping btc for the win

Good for you man.  Too choppy for me.

yeah very unsafe waters. i did just the once today. just to feel alive.
midterm reversal?

[AlcoHoDL]

It takes just 3 minutes for the poison to clear... And then he EATS the cobra!  

[HairyMaclairy]

Careful this is just fuckery at the moment imho

no
scalping btc for the win

Good for you man.  Too choppy for me.

yeah very unsafe waters. i did just the once today. just to feel alive.
midterm reversal?

I don’t know from here.  I’m out for now.  Let’s see what the set up looks like next week. 

[crypmike]

[somac.]

Its the good shit man

[jonoiv]

RSI hitting 30 is quite bullish actually.

I always thought there was more of a selloff to come since we've never plumbed the oversold zone on the 1-week chart since way back in 2015. Getting that out of the way might make it safer for traders to contemplate a trend reversal since in bitcoin it tends to only visit that region rarely and once (or max twice) per cycle.

who said it wasn't bullish?  i think you will struggle to find a single person that thinks 1 week rsi below 30 is bearish.

[Last of the V8s]

commiserations to those that sold at the bottom.  

Oh shit... the major!

the colonel will be alright
his bosses will tell him when to act bullish again

[crypmike]

Its the good shit man

Like fresh air

[toknormal]

RSI hitting 30 is quite bullish actually.

I always thought there was more of a selloff to come since we've never plumbed the oversold zone on the 1-week chart since way back in 2015. Getting that out of the way might make it safer for traders to contemplate a trend reversal since in bitcoin it tends to only visit that region rarely and once (or max twice) per cycle.

who said it wasn't bullish?  i think you will struggle to find a single person that thinks 1 week rsi below 30 is bearish.

I'm not struggling.

[Icygreen]

Since the price is down and there’s panic in the air, I thought I’d revisit my convictions in hopes it may help someone in whatever way.  

BTC is an act of resistance and resistance entails suffering, it requires self sacrifice and excepts that it may be destroyed. Bitcoin is not about happiness or money, it is not rational, it’s about freedom.  For me bitcoin is almost a religious experience in a way that I achieve a personal peace knowing I resist evil. Namely the 1% who seek globalization of corporations through capitalism. In today’s world it is abundantly clear that capitalism consumes immeasurable amounts of life from the bottom up leaving slavery and destruction in its wake.  It is destined to implode with the absence of new markets to feed from and drag the majority into debt and despair.  Bitcoin is the only idea I’ve seen which by design attempts to correct economics out of balance.
Until a time where bitcoin no longer serves to liberate, I #HODL

[El duderino_]

Hate days like this, when we are in a DIP and the shopping is open on sunday.... my GF asking me to go all morning....
Now i’m here and suppose to buy shit as well, Xmass presents Will be downgraded a lot
Meanwhile keep those precious coins and gonna Fred Some extra fiat as well to throw into this DIP
Gonna catch Some daggers as well
#BTFD

[somac.]

Since the price is down and there’s panic in the air, I thought I’d revisit my convictions in hopes it may help someone in whatever way.  

BTC is an act of resistance and resistance entails suffering, it requires self sacrifice and excepts that it may be destroyed. Bitcoin is not about happiness or money, it is not rational, it’s about freedom.  For me bitcoin is almost a religious experience in a way that I achieve a personal peace knowing I resist evil. Namely the 1% who seek globalization of corporations through capitalism. In today’s world it is abundantly clear that capitalism consumes immeasurable amounts of life from the bottom up leaving slavery and destruction in its wake.  It is destined to implode with the absence of new markets to feed from and drag the majority into debt and despair.  Bitcoin is the only idea I’ve seen which by design attempts to correct economics out of balance.
Until a time where bitcoin no longer serves to liberate, I #HODL

I am with you

[Majormax]

Going by that comparison, another year until we get above 4000 again, with a bit more downside first.

[BinaryReign]

RSI hitting 30 is quite bullish actually.

I always thought there was more of a selloff to come since we've never plumbed the oversold zone on the 1-week chart since way back in 2015. Getting that out of the way might make it safer for traders to contemplate a trend reversal since in bitcoin it tends to only visit that region rarely and once (or max twice) per cycle.

Did it happen while I was asleep? The blood on the streets?

[Icygreen]

commiserations to those that sold at the bottom.  

Thecactus, again...