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

[machasm]

Its starting to dawn on them all they bought literal shit and it will be a race to the bottom.

I totally agree with you here. Unfortunately all the noise in the 'Crypto' sphere, I believe, detracts from what bitcoin is trying to become, the new world reserve currency, where you can safely store your value and know that nobody can take that from you.
It takes a certain kind of mind to see that and understand the difference from other shitcoins.
Average Joe, however, is just trying to make as much FIAT as possible by jumping on to the bandwagon of the latest shiny new "bitcoin killer". When that doesn't work out and they get rekt it leaves a bitter taste which is then associated with anything crypto (I fear I may receive a batslap soon by jjg) related, even bitcoin.
It is likely to slow the adoption of bitcoin but I don't believe it will halt it. It just might take longer to get to where we are going.
Just a theory though from a pleb that doesn't know much!

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[ChartBuddy]

Explanation

[OutOfMemory]

Its starting to dawn on them all they bought literal shit and it will be a race to the bottom.

I totally agree with you here. Unfortunately all the noise in the 'Crypto' sphere, I believe, detracts from what bitcoin is trying to become, the new world reserve currency, where you can safely store your value and know that nobody can take that from you.
It takes a certain kind of mind to see that and understand the difference from other shitcoins.
Average Joe, however, is just trying to make as much FIAT as possible by jumping on to the bandwagon of the latest shiny new "bitcoin killer". When that doesn't work out and they get rekt it leaves a bitter taste which is then associated with anything crypto (I fear I may receive a batslap soon by jjg) related, even bitcoin.
It is likely to slow the adoption of bitcoin but I don't believe it will halt it. It just might take longer to get to where we are going.
Just a theory though from a pleb that doesn't know much!

It's mostly always a mess as soon as the mainstream starts to rush in. But as so often, i'd really point out the high probabilistic chance that we well laugh about these now times as things settle down and Bitcoin established itself as a stable, reliable protocol in everday use. This may be 10 or 20 years from now, but when you look back, and count the many Bitcoin obituaries, compared to where it stands today, it grew too big to become a short lived mainstream trend. By that time, most altcoins will be distant memories of the wild-west aera of cryptocurrency...

Just my 2 cents 

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[OutOfMemory]

not this time, buddy 

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[fillippone]

Define me technical analysis in the shortest way possible.

Astrology for men.

In bitcoin there is something different and not possible with traditional assets: on chain analysis.

Here, Will Clemente turning cautious again, if not plainly bearish.



Quick reference:

Hull Moving Average (HMA)
The Hull Moving Average (HMA) was developed by Alan Hull for the purpose of reducing lag, increasing responsiveness while at the same time eliminating noise. Its calculation is elaborate and makes use of the Weighted Moving Average (WMA). It emphasizes recent prices over older ones, resulting in a fast-acting yet smooth moving average that can be used to identify the prevailing market trend. It can also be used for entry and exit signals. The indicator is mostly used by swing traders and by long term traders in combination with other signals and analysis techniques.

https://www.tradingview.com/scripts/hullma/

[bitebits]

https://twitter.com/baller_hodl/status/1522855034374873088

[aysg76]

Explanation

No buddy don't do this 



We have asked some shift from cat-mouse game of $38k-$40k but not this way man so let us enjoy the game also rather than making us fall from the balcony and show us what bitcoin is capable of ..

Define me technical analysis in the shortest way possible.

Astrology for men.

In which they don't believe 

[bitebits]

Never change the WO name please

To be absolutely clear, I suggested the poll satirically. 

One day it we will need to change to USD/BTC though.

[ChartBuddy]

Explanation

[wachtwoord]

Define me technical analysis in the shortest way possible.

Astrology for men.

In bitcoin there is something different and not possible with traditional assets: on chain analysis.

Here, Will Clemente turning cautious again, if not plainly bearish.



Quick reference:

Hull Moving Average (HMA)
The Hull Moving Average (HMA) was developed by Alan Hull for the purpose of reducing lag, increasing responsiveness while at the same time eliminating noise. Its calculation is elaborate and makes use of the Weighted Moving Average (WMA). It emphasizes recent prices over older ones, resulting in a fast-acting yet smooth moving average that can be used to identify the prevailing market trend. It can also be used for entry and exit signals. The indicator is mostly used by swing traders and by long term traders in combination with other signals and analysis techniques.

https://www.tradingview.com/scripts/hullma/

Those red sections seem to be getting ever shorter

[bitebits]

YTD


https://twitter.com/matthuang/status/1522676166355681280

[BitcoinHodler]

what the hell is going on these days. last time i was around the only thing people were comparing bitcoin to was gold and even they were called crazies but now i have seen people compare bitcoin market to everything and insist the movements should be the same!!!
did COVID eat everyone's brains?

[naim027]

Kind of helps to establish part of my post responding to you in the stock to flow thread... in which you seemed to have been complaining about BTC prices not going up fast enough..and the fact of the matter is that anyone who remains in BTC accumulation phase should be rejoicing that some of our seemingly inevitable UPpity price moves are actually taking a while to play out.

https://youtube.com/shorts/9L5PC_O2osQ

[ChartBuddy]

Explanation

[savetherainforest]

what the hell is going on these days. last time i was around the only thing people were comparing bitcoin to was gold and even they were called crazies but now i have seen people compare bitcoin market to everything and insist the movements should be the same!!!
did COVID eat everyone's brains?

Lamborghini is still a tractor.    

















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Anyway.. I feel rly bullish about this price trend.    

[BlackHatCoiner]

In bitcoin there is something different and not possible with traditional assets: on chain analysis.

But, that's a completely inaccurate measure. I can pretend to move 2 BTC, but I'll have only moved 1.