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

[DireWolfM14]

Kimber.

Of course it is, I should have guessed you wouldn't settle for any thing less than top notch.  The sights would have given that away, but...

Here's my colt officer's model.  This would be the gun I would carry if I lived in Free America instead of Commifornia.




Yeah, I have a thing for 1911s, and colts, and WWII history.  It's a dangerous combination.

[BitcoinGirl.Club]

you were here during 24 I suppose? anyway

1.Hueristic finds gembits amusing. #Metoo
2.Mic went to Vegan resto, his birthday coming. happy birthday in advance dood.
3.Sirazimuth has some gas issue whenever he-she try beans.
4.BitcoinNewsMagazine loves Indian food , then Sirazimuth,lightfoot joins.
4.I, Me, Myself -telling everyone India is heaven for Vegan and veg.
5.realr0ach as usual -Jews fucked me-
6.Not a single sarcastic comment from V8 and JOJO so far.
7.No Long posts? JJG
8.600watt's point of view on early buyer's stash scenario
9.kenzawak smells bad after eating Indian food-his personal experience and could be 100% true-
10.Beer competition everyone joins in.
11.I came to know Fillippone is Italian. he and nutildah both sounds intelligent, they talk about things which i don't understand-
12.No comment for Bob, he's got gun -zips-

That's it for now. I am using phone and at GF's house - I am her family's driver for tonight- the things we do for love

See I knew I was calling the right guy. 🤪 Thanks

I was out for more than 24 hours I think. Busy in real life for last few day.

By the way, aren't you the guy - your GF's father is police?

Beer competition everyone joins in.

Who won 😝

[BitcoinGirl.Club]

Kimber.

Of course it is, I should have guessed you wouldn't settle for any thing less than top notch.  The sights would have given that away, but...

Here's my colt officer's model.  This would be the gun I would carry if I lived in Free America instead of Commifornia.




Yeah, I have a thing for 1911s, and colts, and WWII history.  It's a dangerous combination.

[JSRAW]

See I knew I was calling the right guy. 🤪 Thanks

I was out for more than 24 hours I think. Busy in real life for last few day.

By the way, aren't you the guy - your GF's father is police?

Beer competition everyone joins in.

Who won 😝

Yeah

And Beer companies won -free advertisement-

[Retina]

Image 1

What is the real value of Bitcoin from your point of view? Is it above 8000.00 level? Is it below 8000.00 level? Please, share your ideas in the comments.
Why do I ask you such a question? The main reason is to show you the possible difference between the real value and the current price. How it will be, we will know in your comments.

The situation, when there is a difference between the real value and the current price, can give us understanding in which direction the market will move. Also, the difference between these two values can lead us to a new bubble, the price which is not supported by fundamental factors. In order to understand my idea, please, look at 2017 year, when we got a typical bubble probably after the breakout above 5000.00 level. The market was supported only by hype and by the uneducated crowd of traders pushing the market higher and higher to 20 000 level. The real value at that time was lower than the current price. The fundamental factors did not support the market and it dropped a lot in some time. That falling was an attempt to move back to the real value which was based on fundamental factors and included all news about the market. And the level like 3000.00 could become the zone where the real value of Bitcoin at that moment and the current price met each other.

All bubbles lead to great fallings. And not always it can be good for the market. What I can see now, it looks like we have a new attempt to create a new bubble, where the real value of Bitcoin will be lower than the current price supported by the uneducated crowd of traders, manipulators, and new hype.

That's why it will be interesting to get your opinion about the real value of Bitcoin to understand better, how far we are from creating a new bubble. Let's discuss!

As for Technical Analysis based on the weekly chart, we have a strong uptrend where the market continues the impulse wave. The main question stays the same - when does the market start the correction? Now it is a good time for making mistakes and opening long positions without waiting for the correction movement. But also nobody wants to miss the opportunity to make some profit.

RSI reached the overbought zone. If the price bounces from 8000.00 resistance, RSI will be able to provide a good signal confirming the possible price reversal. MACD lines and histogram support the further upward movement and DMI confirms the strength of buyers. As you can see, we still have bullish signals confirming the upward movement in spite of the market which looks overbought.

Will the price bounce from 8000.00 or it will be able to reach 10 000.00 before the correction? We will see and for better understanding, we need to wait for the close price of this weekly candle. If we get a reversal candlestick pattern, the variant with the correction will be supported by one more bearish signal. If not, the market becomes crazier and we should not be surprised if it continues the upward movement to 10 000 level.

But will it be good for the market and all the participants? It is a very interesting question for discussion.

Image 2

Source 1: https://www.tradingview.com/chart/BTCUSD/kMqyxRAV-Bitcoin-What-Is-The-Real-Value-of-The-King/
Source 2: https://www.tradingview.com/chart/BTCUSD/oiP5h7Ze-BTCUSD-Sell/

[Retina]

Kimber.

Of course it is, I should have guessed you wouldn't settle for any thing less than top notch.  The sights would have given that away, but...

Here's my colt officer's model.  This would be the gun I would carry if I lived in Free America instead of Commifornia.




Yeah, I have a thing for 1911s, and colts, and WWII history.  It's a dangerous combination.

Another black model Gun but I have no Gun.

[kenzawak]

I thought some of you might be interested, there's a few spots left :
[FREE Raffle] 1 x ManzCoin Lit #91 Physical Crypto Coin
https://bitcointalk.org/index.php?topic=5147543.0

[kenzawak]

9.kenzawak smells bad

Thanks, you're a true friend.

[Last of the V8s]

I thought some of you might be interested, there's a few spots left :
[FREE Raffle] 1 x ManzCoin Lit #91 Physical Crypto Coin
https://bitcointalk.org/index.php?topic=5147543.0

ghey

[Retina]

I thought some of you might be interested, there's a few spots left :
[FREE Raffle] 1 x ManzCoin Lit #91 Physical Crypto Coin
https://bitcointalk.org/index.php?topic=5147543.0

I think it is a pgysical coin, it is free or charges something?

[LFC_Bitcoin]

@oddgems

IF $BTC breaks this bull pennant, then be ready for an "EUPHORIC MONDAY" 💰

- There is a high possibility of testing $9768

- If somehow it fails, I'm looking towards $6931 as support.

- RSI is respecting support trend line as well.

#Bitcoin $alts $crypto

https://twitter.com/oddgems/status/1132688436731662336?s=21

[lightfoot]

Meantime, 8,000. Boring as fuck.

[infofront]

In memorial of all the veterans and their great sacrifices, we need to pump to 10K tomorrow.

[LFC_Bitcoin]

In memorial of all the veterans and their great sacrifices, we need to pump to 10K tomorrow.

UK Bank Holiday tomorrow.

Perfect time to breach $10,000.

GO GO FUCKING GO !!!!!

[JayJuanGee]

Meantime, 8,000. Boring as fuck.

Though frequently used, "boring" is not a good descriptor in regards to such an expected consolidation process.  

Wat?  Have we been here, let's say $7,600 to $8,200, for about two weeks?

Will we be here for 1 more hour (by the way, Mic seems to have stopped posting every gawd damned time the price crosses $8k... hahahahahahaha), or are we going to stay here for 6 months or more?  

Perhaps if we get to 4-5 months in this same BTC price range, I might start to concede, a wee bit, that there is some amount of "boringness" in this range.. perhaps?  Perhaps?


 But we are not even a month into this price range, yet.  Do you even bitcoin?    

[LFC_Bitcoin]

Meantime, 8,000. Boring as fuck.

Though frequently used, "boring" is not a good descriptor in regards to such an expected consolidation process.  

Wat?  Have we been here, let's say $7,600 to $8,200, for about two weeks?

Will we be here for 1 more hour (by the way, Mic seems to have stopped posting every gawd damned time the price crosses $8k... hahahahahahaha), or are we going to stay here for 6 months or more?  

Perhaps if we get to 4-5 months in this same BTC price range, I might start to concede, a wee bit, that there is some amount of "boringness" in this range.. perhaps?  Perhaps?


 But we are not even a month into this price range, yet.  Do you even bitcoin?    

Fuck 8k.

I’m ready for six figures

[goldkingcoiner]

Hello WO brothers, how we all doing today?

via Imgflip Meme Generator

via Imgflip Meme Generator

Sunday chilling @coiner house .... not playing myself other stuff to do later on today....

Got much love for those friends in here!!!

Anyone playing @the moment SCOOPS?

That looks cozy AF! What are you smoking?

In memorial of all the veterans and their great sacrifices, we need to pump to 10K tomorrow.

UK Bank Holiday tomorrow.

Perfect time to breach $10,000.

GO GO FUCKING GO !!!!!

BANK HOLIDAY CONFIRMED! BUY BUY BUY!

[DeathAngel]

$8,000 is great considering what the bottom was & we stuck around in the $3,000 range for ages.
Let’s have some fucking patience guys. I’d like to stick around where we are for a while tbh.

I’m not done fucking buying

[slocker]

Bank holiday will be back fired. Have some bad feeling about this and dont know what to expect from this.
Considering bank hate crypto dont expect to see price change, maybe some small drop.

[Searing]

Meantime, 8,000. Boring as fuck.

I like it much better than the 4,000 Boring as fuck. (just saying)