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Question: Will bitcoin ever go below $10K again in your lifetime?
Yes - 5 (38.5%)
No - 8 (61.5%)
Total Voters: 13

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 22630023 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (148 posts by 37 users deleted.)
Lambie Slayer
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August 15, 2019, 06:35:22 AM

So we are on pace to soon be testing the very low 9ks for the third time in a month.

I dont see any special reason why 9k will hold. I want to see some serious volume to convince me otherwise.

We can go to 7-8k and easily still consider ourselves to be in a very bullish scenario. We all remember how 2015 gave away big gains several times only to finish the year very strong.

Tons of support around 8k. If we make it that low and get some mega volume along with a green dildo then I think we set ourselves up nicely for a beautiful finish to 2019.
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hd49728
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August 15, 2019, 06:38:54 AM

Here is another interesting observation:


The moment Mayer Multiple reached just above 2.4, it started to go down.

Amazing.

So, $14k was in a mini bubble territory and the bears didn't miss that one. Sniped it right away. $7.5k looks like a good buy.

edit: Also see the previous 2.4 rejections in 2017. Happened twice before the big boom. That's even more interesting.
Any update on Mayer Multiple indicator, for today? Has it fallen closely to 1.2?
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August 15, 2019, 06:44:23 AM

I need a good laugh on this 4 digits again day.

Hi, fillippone, Wink



I hope that bear wants only to hug me, and not to maul me.
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August 15, 2019, 06:46:51 AM

So we are on pace to soon be testing the very low 9ks for the third time in a month.

I dont see any special reason why 9k will hold. I want to see some serious volume to convince me otherwise.

We can go to 7-8k and easily still consider ourselves to be in a very bullish scenario. We all remember how 2015 gave away big gains several times only to finish the year very strong.

Tons of support around 8k. If we make it that low and get some mega volume along with a green dildo then I think we set ourselves up nicely for a beautiful finish to 2019.

A huge volume spike would sure be nice.  But remember, accumulation doesn’t show volume spikes.
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August 15, 2019, 06:48:16 AM
Merited by hd49728 (1)

Any update on Mayer Multiple indicator, for today? Has it fallen closely to 1.2?





https://mayermultiple.info/
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August 15, 2019, 06:53:07 AM

<...>

When Legendary, HM?
hd49728
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August 15, 2019, 06:53:41 AM

Any update on Mayer Multiple indicator, for today? Has it fallen closely to 1.2?





https://mayermultiple.info/
Amazing. I did not know a site from which I can get this indicator, for free. Trading View does not provide it for free. Much appreciated the site you shared.
El duderino_
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August 15, 2019, 06:55:07 AM


Activity between 775 and 1350 ....

Its random

I was lucky Smiley
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August 15, 2019, 07:02:15 AM

advanced paper wallet from the austrian state printing house: https://www.chainlock.com/?lang=en




austrian state printing btc?!?!  Shocked

 Cheesy
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August 15, 2019, 07:03:33 AM

Overreactions everywhere. It's a big drop but nothing worth panicking. We've seen much worse.
It may even bounce back around $ 9k.
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August 15, 2019, 07:11:50 AM
Merited by JayJuanGee (1), ivomm (1)

well folks tough times.

we went almost to $14k, straight out of polar bear market to the tropical beaches of joy. when the rise started to weaken end of june we had dark doom voices whispering about an 80% correction like to sub $3k.

imho those price movements get more violent as we are about to enter another mega bull next year. what is behind us was the parabola to get us out of the bear just as in nov 2015, when price shot over $500. it took 6 months to recover from the collapse of that parabola, eventhough it was sort of staying at the upper boundaries back than.  

i am not concerned. btc dominance looks great. shitcoins die. fundamentals look great. we will go over 10k for good in november this year.
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August 15, 2019, 07:13:59 AM

Central Banks Worldwide Testing Their Own Digital Currencies

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Central banks worldwide are examining the possibility of issuing a central bank digital currency (CBDC), with some already testing theirs for different uses. Countries that have advanced their digital currency projects include China, Singapore, Canada, the Bahamas, Thailand, Uruguay, and Sweden. India has also included the digital rupee in the country’s draft cryptocurrency bill.

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China’s CBDC Is ‘Almost Ready’
The most recent country to claim that its CBDC is near completion is China. According to media reports, The People’s Bank of China (PBOC) is “almost ready” to issue the country’s own sovereign digital currency. This was revealed at a forum held in the northern Chinese province of Heilongjiang on Aug. 10 by Mu Changchun, deputy director of the PBOC’s payments department.
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August 15, 2019, 07:15:37 AM


https://www.tradingview.com/chart/BTCUSD/3l1JOd99-Wedge/

The next 24 hours is extremely critical. Go down and say hello to $7.5k, we better jump up now.

edit: mini jump from 9.5k to 9.8k. I just bought before the jump another $100  Grin
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August 15, 2019, 07:18:06 AM

^Jump up means?

Buy now or wait ?
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August 15, 2019, 07:19:15 AM
Last edit: August 15, 2019, 07:44:18 AM by VB1001


Activity between 775 and 1350 ....

Its random

I was lucky Smiley

I had read about this, it is random, but its day (activity number) to become legendary is preset the day you register in the forum.

edit:

Info here:

theymos  Activity & new membergroup limits  https://bitcointalk.org/index.php?topic=237597.msg8298386#msg8298386
mindrust
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August 15, 2019, 07:22:35 AM

^Jump up means?


Opposite of jump down.

Buy now or wait ?

HODL & Buy as always. Now you get to get more satoshis.

*I want this.
https://old.reddit.com/r/Bitcoin/comments/cqhyhr/new_tattoo_skin_in_the_game/
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August 15, 2019, 07:25:10 AM

This is really sad for all these people that dump as if there will be no tomorrow. I can understand if some whales/hackers had to sell tens of thousands of coins for some reason, but I can't understand those who are led by emotions and lose much in a matter of hours. The 4/6 hour RSI has never been that low... may be when they dumped from 6400 to 3100. Anyway, I initiated a small $300 transfer to an exchange a little bit ahead of the plan. After 2 weeks I will be able to buy coins with another $800. I won't need money until 2021 at least, so this is another good opportunity to increase my stash. And I can wait much longer if that is necessary to get at least 10x profit.  Wink
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August 15, 2019, 07:25:54 AM

I think we have reversed... or not?  Huh

P.S. Chinese conmen ran out of ammo (Chinese ponzi coins)?
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August 15, 2019, 07:29:25 AM

I think we have reversed... or not?  Huh

P.S. Chinese conmen ran out of ammo (Chinese ponzi coins)?

Early to tell, but possible. I bought a bit at $9.55k.
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August 15, 2019, 07:32:51 AM

So we are on pace to soon be testing the very low 9ks for the third time in a month.

I dont see any special reason why 9k will hold. I want to see some serious volume to convince me otherwise.

We can go to 7-8k and easily still consider ourselves to be in a very bullish scenario. We all remember how 2015 gave away big gains several times only to finish the year very strong.

Tons of support around 8k. If we make it that low and get some mega volume along with a green dildo then I think we set ourselves up nicely for a beautiful finish to 2019.

A huge volume spike would sure be nice.  But remember, accumulation doesn’t show volume spikes.

2015 gave us a nice example of such. The year in hindsight to me was an accumulation year for the first 10 months.

The June-July 2015 mini bull run peaked on July 12 and had big daily volume on July 10, 12, and 13.

All gains from this run were given back and the down trend did not stop till August 25. August 24 and 25 had massive volume and signaled the selling was over.

2015 to me was characterized as a large accumulation period with two mini bull runs that gave up most of their gains. 2019 did a lot of sideways and then a large bull run that we just witnessed peak on Jun 26. I still think its likely 2019 is an accumulation year just like 2015 and instead of 2 runs giving up a lot of their gains we seem to have consolidated it into 1 large run that hopefully wont give up all, but has already given up much of its gains.

Exacerbating circumstances warping it into one large run would imo be the perfect storm of stockboyz hitting all time highs despite all the economic fuckery we are living in, Trump jawboning the Fed into first ending rate hikes and quantitative tightening, following up that feat by jawboning the Fed into cutting rates, the Trade War shitstorm, the devaluing of the Yuan, the NYAG Tether crusade making Bitcoin a safe haven from sketchy stablecoins, the Libra hype(lets be honest that was crack cocaine for newbs) the demise of shitcoins, the humiliation of CSW, and last but not least frontrunning what happened in 2015.

TLDR: I think we are due for some moderate to serious mean reverting based on the 2015 fractal. Good news is a lot of it has already happened, but Im convinced its not over and a mega volume day would go a long way to change my mind.

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