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Question: Highest price we'll see in 2022:
50,000 - 0 (0%)
60,000 - 0 (0%)
70,000 - 0 (0%)
80,000 - 0 (0%)
90,000 - 0 (0%)
100,000 - 0 (0%)
125,000 - 0 (0%)
150,000 - 0 (0%)
175,000 - 0 (0%)
200,000 - 0 (0%)
225,000 - 0 (0%)
250,000 - 0 (0%)
275,000 - 0 (0%)
300,000 - 0 (0%)
>300,000 - 0 (0%)
Total Voters: 0

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25524973 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.)
dragonvslinux
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December 04, 2021, 02:42:06 PM
Merited by somac. (2), JayJuanGee (1)

Oh no time to panic sell. Or is it? Had this support zone drawn out for a long-time now, roughly $47-51K. Good volume support & where the 21 & 50 Week MAs lie:



Price remains within this support zone. Notice a pattern where price has previously found support from these long-term moving averages?

Even on the Daily chart price immediately found support the 200 Day MA around $46.2K. This is total BTFD territory imo, so that's what I've done.



Sure the bull market could be over, I won't rule that out but will continue to doubt it until I see any evidence of such an idea. A correction to support is completely normal in a bull market. But bare in mind if it were the end of UP, we'd almost certainly see a reaction rally back to $50-55K and rejection from there before further downside imo.... not a continued sell-off. On shorter time-frames, such as a the 4hr, price remains completely oversold after reaching RSI level of 16, so a short-term recovery seems imminent. Already the candle has a wick as long as it's body, so the day can easily end as a bullish candle (longer wick than body) even with some overall % downside. Also I imagine the Weekly candle could close above the 21 Week MA around $51K without much effort, now it's holding the 50 Week MA without much effort.
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NotATether
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December 04, 2021, 02:53:08 PM

Bought the fucking dip and purchased 100 Big Macs worth of BTC.


[img width=600]https://i.ytimg.com/vi/xMrNNflcqrs/maxresdefault.jpg[ /img]

Maybe purchase whoppers from burger king instead because you shouldn't be giving money to McDonalds Wink

If I had more cash I'd buy the dip too, but I've got everything in BTC now
becoin
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December 04, 2021, 03:01:07 PM

Sure the bull market could be over, I won't rule that out but will continue to doubt it until I see any evidence of such an idea.

Bull market is not over because FED, ECB, BOE, SNB and the likes print billions of fiat tokens out of thin air every single day! They can't stop doing that. This is why bitcoin will continue to appreciate until final collapse of the CB fiat system.
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December 04, 2021, 03:01:35 PM


Explanation
suchmoon
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December 04, 2021, 03:07:31 PM

I woke up to my GPUs making 10% more bitcoins than they usually do. Can't be bothered to check why but perhaps shitcoiners are panicking too and paying massive fees to move their defilth around. Good times.
naim027
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December 04, 2021, 03:23:37 PM

Just Bought Another Few satoshis  Grin. Buy As much as you can afford.

Here we go BTC. We should break $53K. $50K would be great. After that, we could come back stronger 💪.

Yeah. I expected to break $53K Support. but didn't expect that floor craking candle.




I woke up to my GPUs making 10% more bitcoins than they usually do. Can't be bothered to check why but perhaps shitcoiners are panicking too and paying massive fees to move their defilth around. Good times.

WOW. Is your GPUs Mining Bitcoin? How? Which Model?

I assume you are mining ETH on Nicehash?
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December 04, 2021, 03:25:17 PM
Merited by JayJuanGee (2)

I woke up to my GPUs making 10% more shitcoins (that are converted to bitcoins) than they usually do. Can't be bothered to check why but perhaps shitcoiners are panicking too and paying massive fees to move their defilth around. Good times.

FTFY *







*(and shortly anon, jay will be administering my batslap, no doubt)
gembitz
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December 04, 2021, 03:32:07 PM


29k supp0rt is strungbwaahahaha
philipma1957
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December 04, 2021, 03:37:11 PM

I woke up to my GPUs making 10% more bitcoins than they usually do. Can't be bothered to check why but perhaps shitcoiners are panicking too and paying massive fees to move their defilth around. Good times.

Whaling and also smoking.

I love to convert my ETH to BTC and cash 2x a week it be sweet.
sirazimuth
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December 04, 2021, 03:47:19 PM

....

WOW. Is your GPUs Mining Bitcoin? How? Which Model?

I assume you are mining ETH on Nicehash?

It's really not rocket science.

idk, maybe it is for folks who..... ahhhh nevermind....  just use that google thingy, it knows everything....
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December 04, 2021, 03:48:50 PM
Merited by JayJuanGee (1)

Just a nice shakeout before the pump  Wink
No one said hodling to ATH was easy
gembitz
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December 04, 2021, 03:49:32 PM

Sure the bull market could be over, I won't rule that out but will continue to doubt it until I see any evidence of such an idea.

Bull market is not over because FED, ECB, BOE, SNB and the likes print billions of fiat tokens out of thin air every single day! They can't stop doing that. This is why bitcoin will continue to appreciate until final collapse of the CB fiat system.

or imagine when bitcron capsized when the planned grid down happens you rookie  ;-D lmao weeee
gembitz
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December 04, 2021, 03:50:52 PM

Just a nice shakeout before the pump  Wink
No one said hodling to ATH was easy

spending is key if you dont spend your crons you forked ;-D go bitcoin go bitcoin
gallianooo
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December 04, 2021, 03:53:47 PM
Merited by LFC_Bitcoin (1), dragonvslinux (1)

We should to admit that it's was really weak : impossible for BTC to make really new high. No volume. And Bears are in control since a while.

I didn't expect this big drop till 42K very fast (and i think no one expected this level). The fact is, since march 2021, we cannot go really higher (ok some new ATHs, but only fake break out everytime, since).

We are in a fucking big range between 30-60K since almost a year. So most probably and unfortunately it will take more time than expected to see the top of this run, and we will maybe need to admit in a near future than the cycles can be different.

BTW, i'm still thinking we still haven't see the TOP, but next weeks/month will be probably (again) boring.

HODL.

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December 04, 2021, 04:01:28 PM


Explanation
proudhon
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December 04, 2021, 04:13:47 PM

Between now and 1 year from now bitcoin will spend more time below $40k than above it. Write it down.
philipma1957
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December 04, 2021, 04:16:25 PM

Between now and 1 year from now bitcoin will spend more time below $40k than above it. Write it down.

Nice safe pick.  Could be true.
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December 04, 2021, 04:20:07 PM

Between now and 1 year from now bitcoin will spend more time below $40k than above it. Write it down.

Nice safe pick.  Could be true.

Gives us moar time to accumulate fiat for some nice BTFDippenings before the new ATH and beyond.
BitcoinBunny
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December 04, 2021, 04:21:36 PM
Merited by JayJuanGee (1)

Already going up again.

Turned my 100 Big Macs money into 102 Big Macs within a few hours.
That's better than losing 15 Big Macs per year if I'd kept the money in the bank.

 Cheesy
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December 04, 2021, 04:28:09 PM
Merited by BitcoinBunny (2)

Already going up again.

Turned my 100 Big Macs money into 102 Big Macs within a few hours.
That's better than losing 15 Big Macs per year if I'd kept the money in the bank.

 Cheesy

Seriously, I'm so hungry now, I could eat some of your Big Macs...

I will avoid it, in light of cAPSLOCK's good dietary advice, and will, instead, proceed to a nice BBQ (only meat, lemon, salt, pepper & herbs -- no carbs) at my COVID-19-recovered cousin's place tonight. I hope there's no virus there anymore, as I will not be using protection.

If feels so good to be a true HoDLer. Not affected by dippenings. Not at all.

Life's good. Enjoy every minute of it.
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