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

[VB1001]

https://www.newsbtc.com/2018/11/26/bitcoin-price-analysis-btc-usd-up-400/
dunno why i thought you were gonna do your own TA. misunderstanding i suppose.

I wanted to corroborate the above where I explained that the market expects a movement towards 5000 to return back to 3500 for a high open volume of shorts.

The graphic evidently as you can see is not mine, (in the image is the web address) but it reflects where we really are and what can happen with the supports and resistances where the bears and the bulls are.


It can be fulfilled if we stay above $ 4000

[1686132005]

1686132005

[1686132005]

1686132005

[1686132005]

1686132005

[1686132005]

1686132005

[BitcoinNewsMagazine]

He called the bottom at $10k.

He called the bottom at $6k.

He called the bottom at $3.5k.

Eventually he will be right. 

Yup looks like PentarhUdi (masterluc) is allowing for short term bear scenarios where he still turns out to be correct long term (covering his butt) not very useful IMO.

[Biodom]

https://www.forbes.com/sites/katinastefanova/2018/11/28/the-trade-of-the-decade-betting-on-bitcoin/#3f1d2fc6458a

A solid piece, but why are we languishing at $4K, then?
From my perspective, bitcoin always does something least expected.

In the summer of 2017 I was afraid that a split would be very difficult to digest.
Instead, we moved from $1K almost straight to 20K.
I was expecting a correction, but I wasn't "really" waiting for a 83% plunge that is definitely NOT typical for $200 bil value assets, unless it is a commodity like sugar.

I expected smarter minds in finances (WS) picking up crypto because there is no other way out of the current economic predicament.
They got to realize this at some point.
However, lately, reading upon all horrible stories about environmental destruction (read on insect apocalypse, for example-it is all true as I have my own life observations confirming this OR testosterone levels reduction going on for several generations already), I start to think that maybe we, humans, set ourselves on some kind of a suicide path.

If that is the case, ignoring crypto (as a salvation) is EXACTLY what doomed societies are going to do.
Maybe a Great Filter (of Fermi's paradox fame) is not behind, but right in front of us.

Count me (at the moment) as disappointed.

[Last of the V8s]

legacy gapping up
waves and eos gapping down

[Biodom]

He keps misfiring lately...just one of those again

Crypto dementia.

Just as crypto runs on accelerated time, one's brain is dragged along with it.

These days I soil myself daily as I no longer acknowledge my own winkle as part of my body so conventional urination by handling another man's phallus is too gay. I also have to live in an 80s themed community to maintain some grip on reality so my carers dress me like Debbie Gibson.

I sit drooling in a rah rah skirt much of the day.

Get yourself checked and get out while you can.

Huh? Would you mind saying it again, I don't hear very well on that ear.

[El duderino_]

Haha lol again watching antman and the wasp (sober up sunday’s)
And realize they mention “cryptocurrency’s” just always like to hear it in movies
Bullish

the plural just takes an s; sunday, sundays are my sober days; cryptocurrency, cryptocurrencies, cryptocurrencies are largely shitcoins
the possessive takes 's; sunday's weather was great, cryptocurrency's attributes should include decentralisation, blockchains ...

(mic asked me to school him in teh english)

https://i.imgur.com/opGN1v1.jpg

nice thx for another lesson

and another UPDATE 24777

05/11/2018 mikenz
31/12/2018 melman2002
01/01/2019 Spaceman_Spiff_Original
12/02/2019 FractalUniverse
21/04/2019 gentlemand
20/02/2020 romneymoney
18/12/2021 luckygenough56

only 6 remaining but only HOW MANY realistic ones

[El duderino_]

12288

22/11/2018 Last of the V8s
01/12/2018 Alexander_Z
07/03/2019 CoinCube
15/04/2019 Spaceman_Spiff_Original
20/06/2019 bitebits
13/12/2019 nikauforest
10/04/2020 yefi
05/09/2020 samson   
23/06/2021 fortune143             

could this one be Spaceman perhaps? or to soon-ish?

last time i mentioned his name.... i instant jynx his prediction so lets hope this time its the opposite

[Majormax]

https://www.forbes.com/sites/katinastefanova/2018/11/28/the-trade-of-the-decade-betting-on-bitcoin/#3f1d2fc6458a

A solid piece, but why are we languishing at $4K, then?
From my perspective, bitcoin always does something least expected.

In the summer of 2017 I was afraid that a split would be very difficult to digest.
Instead, we moved from $1K almost straight to 20K.
I was expecting correction, but i wasn't "really" expecting a 83% plunge that is definitely NOT typical for $200 bil value assets, unless it is a commodity like sugar.

I expected smarter minds in finances (WS) picking up crypto because there is no other way out of the current economic predicament.
They got to realize this at some point.
However, lately, reading upon all horrible stories about environmental destruction (read on insect apocalypse, for example-it is all true as I have my own life observations confirming this OR testosterone levels reduction going on for several generations already), I start to think that maybe we, humans, set ourselves on some kind of a suicide path.

If that is the case, ignoring crypto (as a salvation) is EXACTLY what doomed societies are going to do.
Maybe a Great Filter (of Fermi's paradox fame) is not behind, but right in front of us.

Count me ( at the moment) as disappointed.

All good points.

Blockchain will certainly disrupt many industries, and therefore can be considered inevitably successful.  However the value of Cryptocurrencies is a complicated matter.

Because Blockchain disintermediates agencies, and distributes much of their profits to the end user (who was ultimately paying), the opportunities for profit from Blockchain are relatively small.

Put another way, the profit from a decentralised system is difficult to centralise. It is by definition, distributed.

Cryptocurrency value is derived mainly from speculative activities, and is by no means assured into the future.

[fluidjax]

It’s all a conspiracy to get your coins. HODLers will be rewarded.

https://twitter.com/Xentagz/status/1069305418453790720

[El duderino_]

EXACTLY

https://twitter.com/btcdjs/status/1069233909395800064?s=21

[jojo69]

Glen Beck...really?

[El duderino_]

via Imgflip Meme Generator

It keeps going and going

[becoin]

https://www.forbes.com/sites/katinastefanova/2018/11/28/the-trade-of-the-decade-betting-on-bitcoin/#3f1d2fc6458a

A solid piece, but why are we languishing at $4K, then?
From my perspective, bitcoin always does something least expected.

In the summer of 2017 I was afraid that a split would be very difficult to digest.
Instead, we moved from $1K almost straight to 20K.
I was expecting correction, but i wasn't "really" expecting a 83% plunge that is definitely NOT typical for $200 bil value assets, unless it is a commodity like sugar.

I expected smarter minds in finances (WS) picking up crypto because there is no other way out of the current economic predicament.
They got to realize this at some point.
However, lately, reading upon all horrible stories about environmental destruction (read on insect apocalypse, for example-it is all true as I have my own life observations confirming this OR testosterone levels reduction going on for several generations already), I start to think that maybe we, humans, set ourselves on some kind of a suicide path.

If that is the case, ignoring crypto (as a salvation) is EXACTLY what doomed societies are going to do.
Maybe a Great Filter (of Fermi's paradox fame) is not behind, but right in front of us.

Count me ( at the moment) as disappointed.

All good points.

Blockchain will certainly disrupt many industries, and therefore can be considered inevitably successful.  However the value of Cryptocurrencies is a complicated matter.

Because Blockchain disintermediates agencies, and distributes much of their profits to the end user (who was ultimately paying), the opportunities for profit from Blockchain are relatively small.

Put another way, the profit from a decentralised system is difficult to centralise. It is by definition, distributed.

Cryptocurrency value is derived mainly from speculative activities, and is by no means assured into the future.

People that consider blockchain inevitably successful and consider cryptocurrencies doubtful simply don't know what they're talking about! They don't understand that a blockchain without built-in cryptocurrency is nonsense from economic point of view!

[El duderino_]

what do you guys think of these ?

[jojo69]

I need some help guys.

I feel like I need a gimmick to differentiate my brand from the other WO merit front-runners.

Mic has the contests, Homer has the hat thing, Bob has his whole awesome gayblackcowboy persona, LotV8s has the no sleep instantaneous news aggregation nailed down...

I just feel like I need a hook to continue to compete at this level, any ideas?

[El duderino_]

I need some help guys.

I feel like I need a gimmick to differentiate my brand from the other WO merit front-runners.

Mic has the contests, Homer has the hat thing, Bob has his whole awesome gayblackcowboy persona, LotV8s has the no sleep instant news aggregation nailed down...

I just feel like I need a hook to continue to compete at this level, any ideas?

the extreme short powerful answers man...... that all yours, don't make more than 1 line text

[jojo69]

Golly thanks Mic, I guess that is my strength.  That is an awfully nice way to put it though.

[Majormax]

People that consider blockchain inevitably successful and consider cryptocurrencies doubtful simply don't know what they're talking about! They don't understand that a blockchain without built-in cryptocurrency is nonsense from economic point of view!

Well, yes, could be, but does it not depend on the purpose of the particular ledger ?

The actual future ROI in any one Blockchain project is what I was referring to.

[yefi]

I start to think that maybe we, humans, set ourselves on some kind of a suicide path.

I don't want to sound like Ibian, but we probably have headed our boat for catastrophe. Not much we can do now though. May as well enjoy Rome before it burns.

[HairyMaclairy]

Fairly quiet on the markets - the pennant continues.  



We sit in the upper third of the pennant



But the daily has just closed with a red doji - suggesting a downwards inclination for today.



In favor of the bulls, shorts remain uncomfortably high and need a good shaking



Attempted forecast: slow downward drift within confines of pennant. Support around $4040 will be tested and could result in a leg down.  If $4040 continues to hold, then bulls may have temporary control.