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May 28, 2022, 11:37:20 PM *
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Question: Price prediction for the May 21 weekly close:
<$20,000 - 7 (8%)
$20,000 - $22,000 - 0 (0%)
$22,000 - $24,000 - 2 (2.3%)
$24,000 - $26,000 - 3 (3.4%)
$26,000 - $28,000 - 7 (8%)
$28,000 - $30,000 - 12 (13.8%)
$30,000 - $32,000 - 20 (23%)
$32,000 - $34,000 - 8 (9.2%)
$34,000 - $36,000 - 6 (6.9%)
$36,000 - $38,000 - 3 (3.4%)
$38,000 - $40,000 - 2 (2.3%)
>$40,000 - 17 (19.5%)
Total Voters: 87

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25646270 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. (168 posts by 4 users with 9 merit deleted.)
LFC_Bitcoin
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December 07, 2021, 12:12:35 AM

The next 24 hrs are critical.
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bitserve
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December 07, 2021, 12:19:11 AM

The next 24 hrs are critical.

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December 07, 2021, 12:19:51 AM
Merited by dragonvslinux (1)

The next 24 hrs are critical.

Yeah but honestly they are not critical really  

philipma1957
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December 07, 2021, 12:59:31 AM

maybe buddy is hungry. I should make him a veal parmigiana hero with a side salad.
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December 07, 2021, 01:01:29 AM


Explanation
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December 07, 2021, 01:02:09 AM

followed with a pizzia and some nice chianti
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December 07, 2021, 01:02:29 AM
Merited by Farmer Bill (1)

Vlad, vlad, this is your buddy Joey.



Oh, Mister election stealer. At least here in mother Russia we don't pretend to run fair elections!
Ah ha ha, how's it going old man?



Pretty good Vlad, I'm pumping iron, know what I'm saying?



Aren't you a little too old for that?



Listen Vlad, let's forget all this Ukraine business. I'm looking at a photo of you shirtless riding a horse. Can we do that together?



Really? Well ok, but you gotta bring your own horse.



Hmmm. Own horse eh?



HEY, what the hell?!

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December 07, 2021, 01:06:44 AM
Merited by PoolMinor (1), bitcoinPsycho (1)

The next 24 hrs are critical.

Yeah but honestly they are not critical really  

My thoughts exactly, the next 24 hours have almost become irrelevant now price is back above $50K. As long as $46K-68K holds as support, which I imagine it will, it's all fine.
End of the week looks more relevant now, ideally the open at $49.5K holds as support, in between is just intra-week noise for panic sellers to get busy and to frustrate traders.
The previous 24 hours were quite relevant though, found support from support for the third time. Looks like a pattern now with support confirmed. Ironic huh.



The 0.236 retracement from ATH to local low even lines up nicely with the VPVR point of control, how convenient.
The next 24 hours only looks critical for day traders, as to whether support will get re-tested again or not.
Price has better support with trading volume & long-term MA than $40K did in September, that's for sure.
Maybe $48K even get's re-tested again next week, just for people who can't handle a bit of fear.
+ finally some bullish volume, at least that sell-off was good for something...
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December 07, 2021, 01:10:26 AM

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December 07, 2021, 01:22:19 AM
Merited by jojo69 (1), bitserve (1)

uuughhhh...$51k back

yeah baby...yeah!
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December 07, 2021, 01:36:28 AM


*BeeGee's 'Staying Alive' blasting*
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December 07, 2021, 01:37:35 AM

Captain, you back? Waiting for next address. Steady as she goes.
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December 07, 2021, 01:45:16 AM

Need some whales to wake up. Very little volume needed to get this rocket to IGNITE
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December 07, 2021, 01:47:37 AM

into a cup or two sailor...running with the wind...all sail aloft smartly and ease the mains as we come into it

Carry on
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December 07, 2021, 01:55:39 AM

To me that's not of much concern, the idea of remaining within the same range price has effectively been in for 12 months, without a parabolic top and after confirming a recovery, but I can't speak for any investors or traders from the past year who think that $20K or $10K could end up getting re-tested, after getting in around $40K, simply because price has twice got rejected from $64K+. Each to their own I guess  Wink

Just watching the MACD turning Bullish on the 4hr....

Not surprised  Smiley I think it price were to go significanty lower, like sub $46.2K, then we would have seen it already. Despite the lack of quick recovery, there are more weak hands to flush out for stronger ones, about 10-month worth minimum, so it's not surpsing this may take a little longer than expected or usual, and until then a tight trading range will develop... above an accumulation zone non-ironically.

There's something off with your discussion of the possibilities of retesting $10k or $20k.. and gosh you might even come off as a bit bonkers to be suggesting that retesting of $30k has any kind of realistic chances.. been there done that, and that ship has sailed.

Sure, I know that anything can happen, but it seems that quite a bit of attention is being given to such highly unlikely scenarios.. and sure even you are saying that going below $46k could put some of those scenarios back into play.. but to me it seems that we would surely need pretty black swan events to be visiting $10k or $20k and we might even need a black swan event to get down to $30k-- even though of course, $30k has some kinds of outrageousness possibilities (maybe less than 15% odds?) that are quite a bit higher than $10k or $20k which seem to be less than 1.5% or 3% odds respectively..
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December 07, 2021, 02:01:26 AM


Explanation
dragonvslinux
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December 07, 2021, 02:12:53 AM

To me that's not of much concern, the idea of remaining within the same range price has effectively been in for 12 months, without a parabolic top and after confirming a recovery, but I can't speak for any investors or traders from the past year who think that $20K or $10K could end up getting re-tested, after getting in around $40K, simply because price has twice got rejected from $64K+. Each to their own I guess  Wink

Just watching the MACD turning Bullish on the 4hr....

Not surprised  Smiley I think it price were to go significanty lower, like sub $46.2K, then we would have seen it already. Despite the lack of quick recovery, there are more weak hands to flush out for stronger ones, about 10-month worth minimum, so it's not surpsing this may take a little longer than expected or usual, and until then a tight trading range will develop... above an accumulation zone non-ironically.

There's something off with your discussion of the possibilities of retesting $10k or $20k.. and gosh you might even come off as a bit bonkers to be suggesting that retesting of $30k has any kind of realistic chances.. been there done that, and that ship has sailed.

I don't think there's something off with my discussion at all, but other investors who are now considering these exact concepts, no doubt the ones from the past 10 months in the $30K-70K range, particularly around $40-$50K I imagine. For example those who don't want to see price drop to $20K or $10K or "I have no idea how far price could drop pls help me sir" type price range. I see very little chance of it, but many are fearful of a bear market right now, without any idea how far price could drop, or any data to suggest such a theory. Many aren't even sure if this is still a bull market, as have very little grasp of being able to identify long-term bull vs bear. After all, they only know what a bull market looks like, and don't really understand the idea that price could re-test support, which it has. Like $30K and $40K all over again basically.

This is why I can see price taking a little longer than usual to recover, due to the current price structure (or time structure I should say). Many are fearful of the market right now, most of these are newbies who don't even know whether they should be buying, selling or hodling. Longer-term investors know there is no rush in these conditions, and simply take cheap Bitcoin as it comes back down to support.

I mean look at Billy for example, he's still waiting for $10K or whatever, and the reality is he's not the only one.

Sure, I know that anything can happen, but it seems that quite a bit of attention is being given to such highly unlikely scenarios.. and sure even you are saying that going below $46k could put some of those scenarios back into play.. but to me it seems that we would surely need pretty black swan events to be visiting $10k or $20k and we might even need a black swan event to get down to $30k-- even though of course, $30k has some kinds of outrageousness possibilities (maybe less than 15% odds?) that are quite a bit higher than $10k or $20k which seem to be less than 1.5% or 3% odds respectively..

Not sure where you heard me thinking that dropping below $46K would meaning creating lower prices than $30K, you must have me mistaken with those newer investors I referenced  Wink

As I've stated before, can't be bothered to quote, closing below key support would provide a good argument that the bull market is over, for now, and that given price is in a trading range of $30-70K, it's most likely to stay there - maybe for another year. Not something I've really considered as that likely either, or necessarily that worrying, although sure anything is possible.
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December 07, 2021, 03:00:21 AM
Last edit: December 07, 2021, 03:20:00 AM by eXPHorizon

Damn i'm good !
and heres Joebob son of Billy Joebob" "grandfatherof Jimmy Joe BillyBob cousin of Johnny Joe Billy Jimbo Bob"
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December 07, 2021, 03:01:34 AM


Explanation
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December 07, 2021, 03:56:58 AM
Merited by vapourminer (2), JayJuanGee (2), BobLawblaw (2)

Many are fearful of the market right now, most of these are newbies who don't even know whether they should be buying, selling or hodling.

If they don't know the answer to this by now then they are too stupid to hold and deserve the lumps they get.
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