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

[LFC_Bitcoin]

@BTCization
"oh no china banned bitcoin" 🥱🙄

https://twitter.com/btcization/status/1395807135393619972?s=21

[Richy_T]

In case anyone was wondering who to blame

everytime i see this pic i wonder how cool stereoscopic charts would look.

[Farmer Bill]

China is a plague they changed the world for the worst, that harmless virus is a pretext to change the whole world and put liberticidal laws everywhere and global social monitoring. We'll all be chinese soon.

... whatever else you're on about you've nailed it on this, chinese commies are worse than the nazis because they studied Sun Tzu and Confucius

... there is little doubt now that SARS-CoV2 is a genetically-engineered chimera from a chinese lab, whether it's release is intentional or not is currently unknown, I'm at 50-50 chance either way, the West is basically clueless that they are subject to a biowarfare attack and banned from speaking about it! .... and the billions spent on surveillance and intelligence has nothing useful to add, uh-huh, what a useless bunch of porn-watching nose-picking gubmint tossers

... now why are there so many 'variants' in this virus? Are these new releases from the chinese labs? Largely the virus was stable to begin with ( until the vaccines were in production) but now appears to be mutating rapidly. Is it perhaps due to the genetic engineering of the spike protein making that area of the DNA molecule unnaturally unstable and prone to rapid mutations? Has humanity opened Pandora's box by releasing genetically-engineered human-targeted viruses?

I have thought everything you've posted above from day 1 the virus became common knowledge in the west.
The virus probably escaped by accident, like a previous SARS variant, this even after US gave them $millions to make The Wuhan Institute of Virology more bio secure.

China not content with fucking up the world, now we have China Bans Bitcoin variant No 2. With possibly China Bans Bitcoin  variant No 3 in the form of large dump FUD.

Its beer o'clock after a hard days work.

[luckygenough56]

i'm the new chart buddy

[gallianooo]

I am still confident in Bitcoin in the long-term and even on this bullrun. I really don't think we had the top at 65K before the bearmarket.

BUT

We should to admit that this dump from 60K without any really bounce till 30K is huge, and no one expected this. And came very fast. This happened just after an only 3x ATH. It is not if it appeared after a X10+ from ATH.

In addition, we still don't know if the bottom is printed. If we go to 25K$ish, or to previous ATH (or even below.. can't imagine now), how the market and the cycle will react ? I mean the Daily, weekly and monthly are already ugly now.

We should accept that we never saw this kind of DIP in a BTC bullmarket (proportionally).

HODL.

[ChartBuddy]

Explanation

[DaRude]

Oh dear..


https://twitter.com/WorldCryptoNet/status/495715681132765184

Top line of the cited article reads "19:03 01.08.2014 (oбнoвлeнo: 00:35 02.03.2020)" google translated "19:03 08/01/2014 (updated: 00:35 03/02/2020)" a bit outdated i'd say

Regardless, ultimately i see this as a path of least resistance. My world view is that whatever stand the "west" (US/Europe) takes on BTC, east must take the opposing side, and vice versa. No one wants to loose monopoly over their currency, but then the enemy of my enemy... comes into play, if my enemy stands to loose more it's a net positive for me. The ball seems to be on the "East" side, on one hand they're fighting currency outflow and have currency controls in place, so BTC is a natural enemy, on the other they'd love to diversify trade from the petrodollar. I expect China truly banning BTC will force US's hand to embrace BTC and adopt ETF (while of course enforcing taxation). And at current stage Russia is no player and will just blindly follow China. This outcome is preferred for BTC adoption vs China embracing BTC which would force West to fight it as the currency of terrorists/pornogrophers/druggies.

[nutildah]

Whoa, its the Chart Buddy.

So what's the consensus here, lower or higher low?

[philipma1957]

Are we still in denial or moving to anger? Probably the latter with China/Russia being the culprit yet again.
The funny thing is that China/Russia wants to suppress bitcoin because it represents freedom and dummies on the West suppress it because it represents China somehow?!
WTF

get some on sale

I am set at:

 33033
 32032
 31031
 29029
 28028
 27027 3x buy in

[Elwar]

So...2013 repeating it is then. Enjoy the slow summer. Look forward to October.

[Gatorelf]

So...2013 repeating it is then. Enjoy the slow summer. Look forward to October.

Kinda seems that way now

[Biodom]

I am still confident in Bitcoin in the long-term and even on this bullrun. I really don't think we had the top at 65K before the bearmarket.

BUT

We should to admit that this dump from 60K without any really bounce till 30K is huge, and no one expected this. And came very fast. This happened just after an only 3x ATH. It is not if it appeared after a X10+ from ATH.

In addition, we still don't know if the bottom is printed. If we go to 25K$ish, or to previous ATH (or even below.. can't imagine) now, how the market and the cycle will react ? I mean the Daily, weekly and monthly are already ugly now.

We should accept that we never saw this kind of DIP in a BTC bullmarket (proportionally).

HODL.

never? check out that 2013 bull run..$250 in April, then $65 in July.
The structure looks very similar...so far, albeit the move from Jan to April is shallower in 2021 and so is the dip (so far).

[serveria.com]

So...2013 repeating it is then. Enjoy the slow summer. Look forward to October.

Not quite... IMO every bullrun is unique so we can't say what awaits us later this year... we might as well go straight to the moon after this dip... or slowly bleed until August-September and then start a facemelting rally from there... noone knows... 

[OutOfMemory]

Bring the pain! 

Bob hit the best moment to sell some of his stash for building his ranch. Congrats!
Now let's all sit back and watch. We are Hodlers, aren't we? 

[ivomm]

Nothing dramatic has happened. Yes, the dip can be called a crash, but I don't think that it will have a negative impact on the bull market. I still think we are on the way to 100K this summer. Hopefully this dump is caused by  Moron Musk. He may be selling his coins on a loss now. I'm sure he feels no shame or guilt, since he is an aspburger imbecile. But we need to get rid of this cancer as soon as possible. Anyway, from my observations since 2017 any daily 30% crash is finished when there is a 25%+ recovery. In our case we need to get to 37.5K to be safe. And in several days something like a double bottom around 33K-35K will seal the end of the correction. And during the writing this has happened, so cheers, we are out and free to go up! I hope for no double bottom this time

I guess we are in the bold part now. I really don't know why practically every big recovery which I've witnessed so far follows that patter. I guess the answer is the infinite pain of the trend followers losing their last satoshis. RIP morons. Strong hands as always - rejoice, the path to 100K and beyond is wide open!  

[gallianooo]

I am still confident in Bitcoin in the long-term and even on this bullrun. I really don't think we had the top at 65K before the bearmarket.

BUT

We should to admit that this dump from 60K without any really bounce till 30K is huge, and no one expected this. And came very fast. This happened just after an only 3x ATH. It is not if it appeared after a X10+ from ATH.

In addition, we still don't know if the bottom is printed. If we go to 25K$ish, or to previous ATH (or even below.. can't imagine) now, how the market and the cycle will react ? I mean the Daily, weekly and monthly are already ugly now.

We should accept that we never saw this kind of DIP in a BTC bullmarket (proportionally).

HODL.

never? check out that 2013 bull run..$250 in April, then $65 in July.
The structure looks very similar...so far, albeit the move from Jan to April is shallower in 2021 and so is the dip (so far).

We were at 13$, december 2012. 260$ The 11th april 2013, so X20 in 4 months... We cannot compare with 2021. If we compare it would mean that BTC would be at 3K$ in december 2020. We were at 20K..

[luckygenough56]

[OutOfMemory]

This is the first time i realize that this dude is looking fucking stoned.
Or am i just projecting?  

Nothing dramatic has happened. Yes, the dip can be called a crash, but I don't think that it will have a negative impact on the bull market. I still think we are on the way to 100K this summer. Hopefully this dump is caused by  Moron Musk. He may be selling his coins on a loss now. I'm sure he feels no shame or guilt, since he is an aspburger imbecile. But we need to get rid of this cancer as soon as possible. Anyway, from my observations since 2017 any daily 30% crash is finished when there is a 25%+ recovery. In our case we need to get to 37.5K to be safe. And in several days something like a double bottom around 33K-35K will seal the end of the correction. And during the writing this has happened, so cheers, we are out and free to go up! I hope for no double bottom this time

I guess we are in the bold part now. I really don't know why practically every big recovery which I've witnessed so far follows that patter. I guess the answer is the infinite pain of the trend followers losing their last satoshis. RIP morons. Strong hands as always - rejoice, the path to 100K and beyond is wide open! 

This is Bitcoin!
When you think it can't go deeper any more, it suddenly goes up again.

[BitcoinGirl.Club]

[OutOfMemory]

Gonna rock the drumset for half an hour and go to #hodlsleep.
See you guys