Bitcoin Forum
December 01, 2021, 04:08:50 PM *
News: Latest Bitcoin Core release: 22.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Will we close Nov. at or above Plan B's posited minimum of $98K?
Yes - 43 (37.4%)
No - 72 (62.6%)
Total Voters: 115

Pages: « 1 ... 29702 29703 29704 29705 29706 29707 29708 29709 29710 29711 29712 29713 29714 29715 29716 29717 29718 29719 29720 29721 29722 29723 29724 29725 29726 29727 29728 29729 29730 29731 29732 29733 29734 29735 29736 29737 29738 29739 29740 29741 29742 29743 29744 29745 29746 29747 29748 29749 29750 29751 [29752] 29753 29754 29755 29756 29757 29758 29759 29760 29761 29762 29763 29764 29765 29766 29767 29768 29769 29770 29771 29772 29773 29774 29775 29776 29777 29778 29779 29780 29781 29782 29783 29784 29785 29786 29787 29788 29789 29790 29791 29792 29793 29794 29795 29796 29797 29798 29799 29800 29801 29802 ... 29924 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25492635 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. (158 posts by 14 users with 9 merit deleted.)
Richy_T
Legendary
*
Offline Offline

Activity: 1666
Merit: 1404


1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k


View Profile
October 28, 2021, 02:19:00 PM

Weird. Didn't delete any comments, there's just one reply. In the notifications looks like there was another comment, but it doesn't show up.
Here's a thread about Youtube deleting comments containing links, including Bitcointalk references: https://bitcointalk.org/index.php?topic=5365512
We should test that out.

I've definitely had comments containing links disappear, including links to YouTube. I'm not sure if they are deleted or in some kind of limbo that an algorithm or the channel owner would eventually be able to release them from. It's gotten so that I'll write a comment, describe how to find the content I'm linking to then add the actual link in a followup comment.
1638374930
Hero Member
*
Offline Offline

Posts: 1638374930

View Profile Personal Message (Offline)

Ignore
1638374930
Reply with quote  #2

1638374930
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1638374930
Hero Member
*
Offline Offline

Posts: 1638374930

View Profile Personal Message (Offline)

Ignore
1638374930
Reply with quote  #2

1638374930
Report to moderator
1638374930
Hero Member
*
Offline Offline

Posts: 1638374930

View Profile Personal Message (Offline)

Ignore
1638374930
Reply with quote  #2

1638374930
Report to moderator
Richy_T
Legendary
*
Offline Offline

Activity: 1666
Merit: 1404


1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k


View Profile
October 28, 2021, 02:24:13 PM

So is that the last we'll see of the 50ks?
marcus_of_augustus
Legendary
*
Offline Offline

Activity: 3738
Merit: 2149



View Profile
October 28, 2021, 02:28:31 PM
Merited by JayJuanGee (1), eddie13 (1)

FFS, I just renewed my electricity contract, I only buy on a one year basis. This year I have been paying the equivalent of 58 USD a month, next year I will be paying 175 USD, and that is just to the producer, at least another 50 to 100 USD, depending on how much I use, to the company that owns the cables and in taxes comes on top of that.
Good thing I'm not poor anymore, but what about all those poor souls that live on a paycheck to paycheck basis, how are they gonna afford this shit.

Basically I'm going from 5 USD to 20 USD per kWh before tax and transfer fees. In the end, with tax and fees, its about twice as much.

.... climate change is an expensive fantasy, basically economic suicide by the arrogant

... it's the green new deal great reset building back better, we don't need to invest in new energy sources, you'll own nothing and be happier (or sent to Greta's re-education camp for deniers)
ChartBuddy
Legendary
*
Online Online

Activity: 1288
Merit: 1265


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
October 28, 2021, 03:01:34 PM


Explanation
ChartBuddy
Legendary
*
Online Online

Activity: 1288
Merit: 1265


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
October 28, 2021, 04:01:25 PM


Explanation
philipma1957
Legendary
*
Offline Offline

Activity: 3234
Merit: 3879



View Profile
October 28, 2021, 04:05:12 PM

buddy must be trippless
Torque
Legendary
*
Online Online

Activity: 2702
Merit: 2837



View Profile
October 28, 2021, 04:26:00 PM
Merited by philipma1957 (1)

FFS, I just renewed my electricity contract, I only buy on a one year basis. This year I have been paying the equivalent of 58 USD a month, next year I will be paying 175 USD, and that is just to the producer, at least another 50 to 100 USD, depending on how much I use, to the company that owns the cables and in taxes comes on top of that.
Good thing I'm not poor anymore, but what about all those poor souls that live on a paycheck to paycheck basis, how are they gonna afford this shit.

Basically I'm going from 5 USD to 20 USD per kWh before tax and transfer fees. In the end, with tax and fees, its about twice as much.

.... climate change is an expensive fantasy, basically economic suicide by the arrogant

... it's the green new deal great reset building back better, we don't need to invest in new energy sources, you'll own nothing and be happier (or sent to Greta's re-education camp for deniers)

America: Yes let's pump hundreds of billions more into electric cars, while at the same time let our roads and bridges crumble into disrepair.   Roll Eyes

You'll have the most awesome EV but you won't be able to drive it anywhere.
vapourminer
Legendary
*
Offline Offline

Activity: 3430
Merit: 2117


what is this "brake pedal" you speak of?


View Profile
October 28, 2021, 04:29:18 PM

America: Yes let's pump billions more into electric cars, and at the same time let our roads and bridges crumble into disrepair.   Roll Eyes

im wondering who is gonna pay for upgrading my electric service so that it can handle charging two EVs overnight to full charge. as my panel and service is already near capacity.

as well as everyone else in the same boat. cuz waiting for a charge at some charging station miles away from home just aint gonna happen.
El duderino_
Legendary
*
Offline Offline

Activity: 1610
Merit: 7250


Observing No-Coiners.


View Profile
October 28, 2021, 04:32:08 PM
Merited by cygan (2), vapourminer (1), Hueristic (1), psycodad (1), _javi_ (1)



Don’t make the same mistake, have fun and enjoy life…..
El duderino_
Legendary
*
Offline Offline

Activity: 1610
Merit: 7250


Observing No-Coiners.


View Profile
October 28, 2021, 04:36:38 PM
Merited by JayJuanGee (1), LFC_Bitcoin (1)

https://twitter.com/bitcoinmagazine/status/1453708413473628163?s=21

So India not banning Roll Eyes Cheesy
Torque
Legendary
*
Online Online

Activity: 2702
Merit: 2837



View Profile
October 28, 2021, 04:41:16 PM


This just in: Wall Street banning tech stocks! Will un-ban tech stocks tomorrow.
ChartBuddy
Legendary
*
Online Online

Activity: 1288
Merit: 1265


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
October 28, 2021, 05:01:26 PM


Explanation
cygan
Legendary
*
Online Online

Activity: 2254
Merit: 2383


in crypto we trust💎🖐start hodl.exe


View Profile
October 28, 2021, 05:11:29 PM
Last edit: October 28, 2021, 05:35:49 PM by cygan
Merited by El duderino_ (2), vapourminer (1)



Don’t make the same mistake, have fun and enjoy life…..

i personally picked up quite a few Bitcoins 10 years ago and am now running in the other direction Grin Cool🏃‍♂️
JayJuanGee
Legendary
*
Online Online

Activity: 2814
Merit: 5143


ESG, KYC & AML are attack vectors on Bitcoin


View Profile
October 28, 2021, 05:19:34 PM



So I grabbed six small pieces back.

Will buy more dip if it comes.

When I buy dip is is always buy and hodl it.
 I have three accounts for that.

I always hodl and have never sold any BTC from those accounts .

Those 3 accounts are BTC buy dip and hodl only.

My exit plan on them is sell at 70 years old.

until then buy dips and hodl.

Next dip level to buy is 55555.55

I think you will change your mind on that bold part.  What will you be selling them for?  How many "things" will you need?  Unless you are in your late 60s now and 70 is only a couple years away, I do not think THAT part of your plan makes a lot of sense.

Well, a question would be whether all is sold at a certain timeframe  that is around 5-6 years from now, versus the more practical and realistic attempts to just cash out as needed.. including maybe various lumpsums to cover/supplement (3 months or 1 year of various anticipated expenses) (as Dabs also mentioned).

*Fun with fractals*

A re-test of old resistance becoming new support? Sounds short-term bearish I know, but in fact it'd be extremely bullish to build up momentum as recent price history has previously proven....

You are trying to draw a potential short-term bearish picture out of the matter, even though bitcoin is very bullish, as your alternative assertion seems to suggest as the minority likely outcome... We are bullish, so something is likely wwwwwwwwwrrrrrrrrooooooonnnnngggggg with your bearish anticipatenings.

I tell you, it's Godzilla with his tail about to fire laser beams or something. That's what I keep seeing in these fractal charts. That or a dinosaur t-rex or something. Stegasaurus sometimes. Right now, maybe it's a Spinosaurus (the one in Jurassic park 3?)

This sounds more accurate than the dragonvslinux fractionalizenings....hahahahaaha.. too much bearening with that dragonvslinux dude....  Angry Angry Angry   - no homo...
dragonvslinux
Hero Member
*****
Offline Offline

Activity: 1036
Merit: 879


Next Gen Cross-Chain


View Profile
October 28, 2021, 05:32:05 PM
Merited by vapourminer (1), JayJuanGee (1)

*Fun with fractals*

A re-test of old resistance becoming new support? Sounds short-term bearish I know, but in fact it'd be extremely bullish to build up momentum as recent price history has previously proven....

You are trying to draw a potential short-term bearish picture out of the matter, even though bitcoin is very bullish, as your alternative assertion seems to suggest as the minority likely outcome... We are bullish, so something is likely wwwwwwwwwrrrrrrrrooooooonnnnngggggg with your bearish anticipatenings.

Let's wait and see  Grin

For sure, we both no doubt agree Daily/Weekly are bullish, but 4hr chart for all those traderz out there is no longer bullish. It's not outright *bearish*, but key bullish momentum has been broken.
Hence, not shorting opportunity bearish (unless you love high risk and regularly getting rekt™), but more bullish momentum has faded "take profits" neutral, wait for re-entry.

Getting rejected by the 50 MA, VPVR point of control, wedge resistance trend-line as well as previous long-term resistance trend-line, will likely bring prices down to $57K.

The confluence of resistance is strong. Obviously breaking above would be bullish, but confirming a rejection would indicate a continuation of short-term correction is likely.
That 50 MA has supported the price since $43K, price first broke and closed below it at $62K. Now it's sloping downwards (bearish) and price is getting rejected by it.
Since when were there not healthy short-term corrections in ultra bullish long-term bull markets anyway? Never...
RejectedBanana
Sr. Member
****
Offline Offline

Activity: 404
Merit: 548


I am a banana.


View Profile
October 28, 2021, 05:38:11 PM
Last edit: October 28, 2021, 06:31:35 PM by RejectedBanana
Merited by El duderino_ (15), vapourminer (5), JayJuanGee (4), LoyceV (4), dragonvslinux (2), bitcoinPsycho (1)

It's been a while since I've updated this data and I'm far too lazy to overlay the price chart anymore. Most of us old-timers have the price chart inscribed on our retinas anyhoo!

In short, ATHs don't interest me as much as bottoms... I do like me firm bottoms!  Grin

These charts indicate the number of days between the LAST time BTC dropped down to the specified price targets: doublings on the first chart, orders of magnitude (10x) on the second.

For example, it took 248 days between the last time it was (hopefully ever) $32k and $16k. Or ~3.5 years between the $10k and $1k bottoms.

The bars in red are rough (recent-average) forecasts. No way do I consider this TA, so feel free to offer your own prognostications!

Will May of next year be the last time it ever drops below $65k? Sooner?

When $100k bottom, 2024!??

Bottoms away!




Mt Gox and Bitstamp data
OutOfMemory
Hero Member
*****
Offline Offline

Activity: 658
Merit: 1116


*Toxic Bitcoin Maximalist*


View Profile
October 28, 2021, 05:40:56 PM
Merited by JayJuanGee (1)

Seems like the market formed a double top. There may be a small dead cat bounce but after that it’s only down I’m afraid. Welcome to the next long crypto winter. You should sell everything & sit on the sidelines, ready to buy back sub $10,000 in 2023.

It was fun whilst it lasted but the top is in. Sell everything now before the long crypto winter engulfs you.

Seems like you have no clue what a double top is.
Hint: second top is lower than the first.
But hey, if you still believe in sub $10k prices, i just wish you HFSP  Roll Eyes

I'm in a kind of bad mood today. This is the nicest answer to this bullshit post that i could write up.
dragonvslinux
Hero Member
*****
Offline Offline

Activity: 1036
Merit: 879


Next Gen Cross-Chain


View Profile
October 28, 2021, 05:53:22 PM
Merited by vapourminer (2), OutOfMemory (1)

Seems like the market formed a double top. There may be a small dead cat bounce but after that it’s only down I’m afraid. Welcome to the next long crypto winter. You should sell everything & sit on the sidelines, ready to buy back sub $10,000 in 2023.

It was fun whilst it lasted but the top is in. Sell everything now before the long crypto winter engulfs you.

Seems like you have no clue what a double top is.
Hint: second top is lower than the first.
But hey, if you still believe in sub $10k prices, i just wish you HFSP  Roll Eyes

I'm in a kind of bad mood today. This is the nicest answer to this bullshit post that i could write up.

Technically price has (so far) formed a double top on a Weekly time-frame. Double tops aren't where price is exactly the same, but when they are close enough prior to a reversal (such as <3%).
That said, Bitcoin has never ended it's mid or long-term bull markets with a double top, especially 6 months apart, so I find it highly unlikely this will be the case this time around.
$10K is otherwise an insane price to be targeting. $10K would more likely yield $1K prices with a definite bubble burst than a new low, as it would invalidate 10 years of price history.
The 200 Week MA that price has never broken below in the past 6 years is currently >$15K, by 2023 it'll likely be >$20K  Roll Eyes
This is just the fakeout for the "double top believers" and traditional traders prior to new ATH  Smiley
I prefer the theory that double tops are meant to be broken, as it weakens resistance...
JayJuanGee
Legendary
*
Online Online

Activity: 2814
Merit: 5143


ESG, KYC & AML are attack vectors on Bitcoin


View Profile
October 28, 2021, 05:55:05 PM

This was a short lived low volume dip. Nothing to see here.



We should attempt to be realistic, if we can.

Combinations of low volume and high volume can be mixed in there quite frequently.

Of course, high volume is going to tell us that potentially a more meaningful battle is taking place or at least there is some level of seriousness behind the BTC price dynamic "happenings."  I am not going to rule out short-term low volume events because it only tells us what is happening at the moment, but it does not tell us whether the bearwhales are running out of ammo (or their willingness to employ it).  

Many of us know that if we end up witnessing a high volume dip coupled with a high volume reversal, we can gain confidence that the bottom may well be in.. no guarantees that the bottom is in, but the evidence is decently stronger in those kinds of high volume reversals.  

If we do not witness a high volume reversal, then we should continuously retain some skepticism regarding whether the most recent local bottom is "in" or not.. and frequently, if the volume stays relatively low (or at least not high), then we must rely upon getting some distance up the price ladder that would cause us to garner increasing levels of confidence based on cushion.. How much cushion is enough is likely another question.. ?  Frequently 5% to 10% can be helpful, but many times we have to get in supra 15% levels or so above our local bottom before confidence might be assured that such "bottom is in".. I know that peeps are capable of calling the bottom earlier than my supra 15% level is suggesting - and yeah call me a conservative when it comes to presuming the bottom too early.. and even if I start to presume any such bottom.. I become nervous if the cushion gets reached and then we start to fall back within striking distance in that 5% to 10% cushion zone.. which again.. just does not seem enough.. absent some stronger indications, such as a high volume reversal or something like that..

Based on some of our BTC price moves in the past 12 hours or so, I came to realize that I had made a mistake in my above quoted analysis.. because in some sense, I was describing a kind of applicable recovery criteria for some kind of larger dip in BTC prices in which we are not currently in such a larger dip in BTC prices scenario currently, so if we get 30% to 50% dips in BTC price, then we likely need higher levels of recovery in order to rest assured that "the bottom is in"... but that is not where we are at.

In our current BTC price posture, so far, we have ONLY had merely around a 15% price correction from $67,010 to $58,100 - within about a week's timeframe from 10/20 to 10/27... so surely not going to need anywhere close to a 15% bounce back in order to feel some decently high levels of confidence that this particular local bottom of $58,100 is "in."  A 15% bounce back would put us right in the ball park of where we were on 10/20, and that would be testing ATH's all over again...

So maybe some kind of framework would be to split the difference to determine if we are in the lower half of recovering back or in the higher half of recovering back..  That split difference would be around $62,500...  so if we are in the lower half, then we have less confidence that $58,100 is the bottom for this particular correction.. and of course, if we are in the upper half of such zone, then we would be more confident that we are going back to test the top rather than the bottom...  But if we had already been to the mid-$63ks several times, and then we could not get above that.. .maybe it would be better to measure the mid-zone more conservatively and use the mid-$63ks until perhaps a lower number might become more logical... yeah.. I know I am engaging in a kind of back door technical analysis.. and maybe even rolling my own TA.. which is not good place to be.. because mostly we cannot get too caught up on technical analysis unless we overall tend to weight the TA in terms of which market we are in.. and many of us recognize and appreciate that we have been in a bull market since about April 2019...so if we come up with any kind of tentative conclusions that involve TA... we have to at least add a few more percentage of UPpity to our analysis merely to account for both our being in a bull market and also that we are in a paradigm shifting asset class that also has an additional amount of UPpity (aka ngu) built in.

In any event, to attempt to give a specific number, I am not really going to feel comfortable in believing that the "bottom is in" until we get into around the mid-$63ks-ish (I know, I know, I know... for reasons that I already attempted to state, I just am not comfortable choosing the mid-$62ks-ish as my "bottom is in" price-point threshold).. and maybe if we are able to sustain that for a while.. then I will feel more comfortable to taunt the bears, the nocoiners, fence-sitters and the shitcoin pumpeners for failing/refusing to adequately pee pare their lil selfies for bitcoin UPpity.
ChartBuddy
Legendary
*
Online Online

Activity: 1288
Merit: 1265


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
October 28, 2021, 06:01:34 PM


Explanation
Pages: « 1 ... 29702 29703 29704 29705 29706 29707 29708 29709 29710 29711 29712 29713 29714 29715 29716 29717 29718 29719 29720 29721 29722 29723 29724 29725 29726 29727 29728 29729 29730 29731 29732 29733 29734 29735 29736 29737 29738 29739 29740 29741 29742 29743 29744 29745 29746 29747 29748 29749 29750 29751 [29752] 29753 29754 29755 29756 29757 29758 29759 29760 29761 29762 29763 29764 29765 29766 29767 29768 29769 29770 29771 29772 29773 29774 29775 29776 29777 29778 29779 29780 29781 29782 29783 29784 29785 29786 29787 29788 29789 29790 29791 29792 29793 29794 29795 29796 29797 29798 29799 29800 29801 29802 ... 29924 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!