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Question: Will we close Nov. at or above Plan B's posited minimum of $98K?
Yes - 43 (37.1%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25495590 times)
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BitcoinBunny
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October 28, 2021, 07:45:36 PM
Merited by ivomm (1)

OT: https://about.facebook.com/meta

That is some first rate Black Mirror/Ready Player One future dystopian nightmare bullshit right there

This came to mind instantly when I saw that name change:

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dragonvslinux
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October 28, 2021, 07:46:03 PM



I know where hodlers go

Needs a "Gotta make money fast with shitcoins" path.

That path is included by looks of it, it's on the right  Wink

Edit:

However, futures expiry tomorrow. Flash dumps not really surprising. Math and science...

Good call, just got a bit flashy  Cool
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what is this "brake pedal" you speak of?


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October 28, 2021, 07:48:59 PM
Merited by sirazimuth (1)

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.

And, of course, having a driveway of your own you can charge in is far from the rule in any case. A rarity in many cities.

never thought of those who only have on street parking. cables snaking everywhere.. not

i just cant see the existing power grid is gonna handle double (?) the power when everything (heat/transport) is electric.

now i do like electric stuff; i have a battery powered chainsaw, trimmer and week wacker for light yard stuff (with gas chainsaws and weedwacker for heavier stuff) and i love the near zero maintenance that electrics have. but once nearly all consumer stuff is electric.. is our grid gonna hold? no one seems to talk about that? or is our grid actually capable now and im worrying about nothing?
OutOfMemory
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October 28, 2021, 07:50:12 PM

Seems like Proudhon nailed it... again!  Cheesy Cheesy Cheesy
BitcoinBunny
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October 28, 2021, 07:56:00 PM

Seems like Proudhon nailed it... again!  Cheesy Cheesy Cheesy

Math and science.

With proudhon's ridiculously bad predictions, I'd rather believe a drunken whore to tell me the future of Bitcoin.
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October 28, 2021, 07:57:39 PM
Merited by vapourminer (1)

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.

And, of course, having a driveway of your own you can charge in is far from the rule in any case. A rarity in many cities.

never thought of those who only have on street parking. cables snaking everywhere.. not

i just cant see the existing power grid is gonna handle double (?) the power when everything (heat/transport) is electric.

now i do like electric stuff; i have a battery powered chainsaw, trimmer and week wacker for light yard stuff (with gas chainsaws and weedwacker for heavier stuff) and i love the near zero maintenance that electrics have. but once nearly all consumer stuff is electric.. is our grid gonna hold? no one seems to talk about that? or is our grid actually capable now and im worrying about nothing?

Its not the grid holding that you have to worry about, it's the (*cough* totally unplanned *cough*) energy cyber attacks coming in the future that will bring down residential power and internet, intermittently, for days, weeks, and/or months at a time. Probably not long enough to kill people, mind you, just long enough to annoy and harass them into forced energy self-reliance.

I've had complete solar planned for some time, just have to pull the trigger and soon. I want to be ready.
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October 28, 2021, 07:58:32 PM

*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.

I am not really clear about how waiting and seeing is going to help exactly.. because let's say for example hypothetically (not even saying these are the actual numbers, but just to give us a kind of difference of opinion talking point) you assign a 60/40 assessment that the 28,100 bottom is not in, and I argue that the odds are 60/40 that the bottom is in, then it still ends up being a BIG so fucking what if the bottom ends up being in or not, no?   

For me, it does because I hardly change any of my practices because even if I argue any kind of point I don't usually get much beyond 50/50.. so currently, I am not even asserting that I believe that the bottom is not in. I am just quibbling with assertions, such as yours, that actually seem to be assigning pretty decently high odds to claims that the bottom is likely not in.. and you seem to be even in a kind of 70/30 assertion.. the way you are framing the matter.. which maybe I am even teetering more towards the bottom NOT being in, but if BTC prices go above $63,500 I will start to have something like 52% to 56% confidence that the bottom is in..

Are we merely repeating our old go to talking-points just in another BTC price-posture scenario?

Hey.. by the way, I just thought about another dynamic that we have discussed which is my having considered that $55k to $80k is a kind of noman's zone. so whether or not that noman's zone actually exists, I remain of the belief that recent BTC price actions have not yet negated both the existence of such noman's zone more or less where I have conceptually placed it and the likely ongoing pressures that come from the likely ongoing existence of such noman's zone....so sure, nothing is guaranteed in bitcoinlandia, but it just seems more difficult to get BTC price corrections while we are in such zone.. not impossible, but likely way more work for any bearwhales trying to either keep the BTC price from passing through such zone or to attempt to knock the BTC price below the zone (or otherwise attempt to negate the actual likely existence of such zone).


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...

Hey, I am not even opposed to your analysis (aka mumbo jumbo.. hahahahahaha).. probably just from my perspective (whatever that's worth?) that you seem to be assigning too much weight to down.. that's all.

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.

You are such a "nice guy" OOM...!!!!!!! #nohomo


 Cheesy Cheesy Cheesy Cheesy Cheesy

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...

Fair enough regarding your points about double top or no double top.

Your factual description of the 200 week MA seems a wee bit off both in terms of facts and in terms of speculation regarding where the 200-week moving average might be going in the next 14-months-ish.

First, actual measurements of the current 200-week MA puts it at about $16,650, and one year ago it was right around $7k.  Look at the current 200-week MA in the below link.

https://www.lookintobitcoin.com/charts/200-week-moving-average-heatmap/


For sure the last year has seen a more than a doubling of such 200-week moving average lagging indicator, and if you really think about it, nearly 3 years of the data is already contained with any measurements that we might speculate about where the 200-week moving average might be 14-months-ish (your reference to 2023). 

$30k is not out of the question for where the 200-week MA might be at the start of 2023, $25k might even be a sure thing, so your approximation of $20k seems very bearish and kind of an anticipation of low BTC prices in the coming year... oh my? oh my?  You are not saying low prices directly, but we would have to get some pretty damned low BTC prices, relatively speaking to achieve anything even close to as low as $20k-ish for our 200-week MA for the start of 2023.

Regarding historically BTC prices going below the 200-week moving average, you can see from the above-linked chart that it does happen sometimes, but usually the going below is fairly brief.. and the actual BTC spot price has tended to ongoingly retain quite a decently-sized cushion between itself and the 200-week moving average... of course, the 200-week MA is not guaranteed to continue to move up like it historically has, but we really do not have any data suggesting that it is not going to continue to move up, even if it might start to move up more slowly than it has historically (which seems logical).. perhaps? perhaps?
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October 28, 2021, 08:01:24 PM


Explanation
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October 28, 2021, 08:01:52 PM

COP26 is coming to town and it's all about climate change and it's raining in the country where it is held.

Climate change? Are they sure?

My Scottish uncle once said a couple of decades ago: There is no place in the world where it rains as much as in Scotland!

 Grin

https://www.bbc.co.uk/news/uk-scotland-glasgow-west-59071373
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October 28, 2021, 08:03:33 PM

🏝 we are da bitcoin bwwoiss! we all gonna make it! now we can go to hundred k hundred k hundred k
https://twitter.com/skyler_ws/status/1453674411886882816?s=21


 Grin

Click ^^


Those guys are annoying..

#justsaying.

 Cheesy Cheesy Cheesy Cheesy

Edit:  By the way, people had been talking about a $10k daily green candle.. and we seem to have a set-up for such a thing to happen.. whether it happens or not.. holy shit.. might even get close to a $20k daily candle from this kind of a set-up...

$56,425 within the past 90 minutes.. start your clocks.. we already have $6k.. so only another $4k to go for $10k and puts $20k as reasonably doable..

22.5 hours to go  (ready, set, go!!!!!!!!)    The next 22.5 hours are criticaltm..... #justsaying(also)
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October 28, 2021, 08:15:25 PM
Merited by nutildah (3), El duderino_ (3), dragonvslinux (1)

A moment of silence for all the suckers who bought Shiba Inu at the top.









Now let's party, Bitcoin style.

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October 28, 2021, 08:23:27 PM

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October 28, 2021, 08:23:27 PM

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.


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October 28, 2021, 08:50:47 PM
Merited by vapourminer (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.

You are such a "nice guy" OOM...!!!!!!! #nohomo


 Cheesy Cheesy Cheesy Cheesy Cheesy


Yeah, i thought after this statement of yours for a moment.

I used to be cocky and really hurt people using words, mainly because of my social insecurity, in the majority of my past.
Short version of a long story: Life forced me to change. Additionally, nobody will ever hurt or insult me using words.
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October 28, 2021, 09:01:32 PM


Explanation
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October 28, 2021, 09:26:26 PM
Merited by JayJuanGee (1), Torque (1)

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October 28, 2021, 09:30:06 PM

OT: https://about.facebook.com/meta
That is some first rate Black Mirror/Ready Player One future dystopian nightmare bullshit right there
This came to mind instantly when I saw that name change:

Facebook goes Meta Lips sealed

https://www.bbc.com/news/technology-59083601

.. and a flash crash to $57k then back upto $61k in a heartbeat. Many get their longs rekt and lose millions.
Then instantly invest in a meme coin up 20,000% from January.
What a strange day its been.
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October 28, 2021, 09:42:34 PM

Seems like Proudhon nailed it... again!  Cheesy Cheesy Cheesy

Math and science.

With proudhon's ridiculously bad predictions, I'd rather believe a drunken whore to tell me the future of Bitcoin.


Well yeah... but it seems like every time Llama Llama posts his repetitive math and science bitcoin going down..... blah blah etc, silliness, bitcoin pumps. And we all know he holds a boatload.
Think about it.....
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October 28, 2021, 09:55:05 PM

OT: https://about.facebook.com/meta
That is some first rate Black Mirror/Ready Player One future dystopian nightmare bullshit right there
This came to mind instantly when I saw that name change:

Facebook goes Meta Lips sealed

https://www.bbc.com/news/technology-59083601

.. and a flash crash to $57k then back upto $61k in a heartbeat. Many get their longs rekt and lose millions.
Then instantly invest in a meme coin up 20,000% from January.
What a strange day its been.

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October 28, 2021, 10:01:25 PM


Explanation
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