Bitcoin Forum
June 25, 2024, 09:59:54 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

Pages: « 1 ... 31705 31706 31707 31708 31709 31710 31711 31712 31713 31714 31715 31716 31717 31718 31719 31720 31721 31722 31723 31724 31725 31726 31727 31728 31729 31730 31731 31732 31733 31734 31735 31736 31737 31738 31739 31740 31741 31742 31743 31744 31745 31746 31747 31748 31749 31750 31751 31752 31753 31754 [31755] 31756 31757 31758 31759 31760 31761 31762 31763 31764 31765 31766 31767 31768 31769 31770 31771 31772 31773 31774 31775 31776 31777 31778 31779 31780 31781 31782 31783 31784 31785 31786 31787 31788 31789 31790 31791 31792 31793 31794 31795 31796 31797 31798 31799 31800 31801 31802 31803 31804 31805 ... 33480 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26406382 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. (174 posts by 3 users with 9 merit deleted.)
dragonvslinux
Legendary
*
Offline Offline

Activity: 1680
Merit: 2210



View Profile
February 06, 2023, 04:06:23 PM
Merited by vapourminer (1), JayJuanGee (1), Lucius (1), DdmrDdmr (1), ivomm (1), OutOfMemory (1), Gachapin (1)

Leverage is short again (51/49) which is promising for an eventual short squeeze even if price is to go lower. I'd be worried if this correction was leading to the market being over-leveraged long. Personally I'd prefer a bear trap towards the $21K area where price saw initial consolidation. Golden cross (circled) due to confirm tomorrow which should generate some "blind buying" in near future. Daily RSI has cooled off now and currently testing bullish level at 60. Definitely some bearish divergence on higher time-frames but the bearish correction could have already played out it seems.



Not convinced we'll be testing the 200 Day MA around $19.7K anymore. Many who have been around since 2019 know that a re-test of this moving average in order to turn it into support (post bear market bottom) isn't as necessary as many would like to believe. The irony being that in 2019 the 200 DMA was trending downwards still (bearish) so arguably was more likely for a re-test compared to this time around as it's flat (neutral).

I otherwise genuinely believe we are approximately where the green arrow is (time-wise) or at least entering this area, towards the end of consolidation similar to April 2019. ie currently breaking the 20 Day MA (orange line) for a bear trap. Back then the consolidation lasted approximately 4 weeks, and since the pump to $21K we are entering the 4th week of consolidation. Quite possibly, the final week.



I also realise many people are speculating already that this is the case, but it seems most are still bearish that price will inevitably re-test $20K levels before moving higher, or we'll make new lows. Everyone is otherwise forgetting that Bitcoin has so far performed much better in the current bear market (% decline wise) within the inflationary macro environment, than previous bear markets of 2018 or 2014.

They still say inflation is bad for Bitcoin, but nobody cares to explain why 14-15 months after ATH, Bitcoin's price has dropped considerably less (-77%) than previous bear markets (-83%). I'm otherwise ignoring the short-term noise, as price remains firmly within the accumulation/distribution level around $23K. I'ts already starting to look like another bull flag breakdown without bearish continuation.
ivomm
Legendary
*
Offline Offline

Activity: 1864
Merit: 2897


All good things to those who wait


View Profile
February 06, 2023, 04:22:33 PM

It seems to me that the 6-day mini correction is done and we are ready to lift off again.
ChartBuddy
Legendary
*
Offline Offline

Activity: 2212
Merit: 1779


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
February 06, 2023, 05:01:18 PM


Explanation
Sorryfor
Member
**
Offline Offline

Activity: 324
Merit: 11


View Profile
February 06, 2023, 05:30:47 PM

Death toll at 2,441
Injured: 12,013
Missing: 2,000+
Rescued: 2,800
#Turkey > 1,541 deads and 9,733 injured
#Syria > 900 deads and 2,280 injured




Twitter
Twitter
goldkingcoiner
Legendary
*
Offline Offline

Activity: 2086
Merit: 1783


Verified Bitcoin Hodler


View Profile WWW
February 06, 2023, 05:34:06 PM
Merited by El duderino_ (5), JayJuanGee (1)

The Central Bank of Nigeria is pushing for wider CBDC adoption by limiting ATM cash withdrawals and changing banknotes for lower denomination ones.

As a result, demand for $BTC is skyrocketing and price reached a 40% premium.

🇳🇬 Nigerians don’t want CBDC, they want #Bitcoin 

https://twitter.com/BitcoinMagazine/status/1622340350198136833?t=a01ntz9U9Dpjh5m72G7COw&s=19

CBDCs are just another scamming cunt criminal government invention based on nothing, no limitation, nada.

CBDCs are just the desperate attempt of the government to out-do Bitcoin after seeing how Bitcoin is completely destroying fiat. They finally realized that they cannot ban BTC nor put a leash on Bitcoin and it will be the new, global money in the near future.

So what do they do? Create CBDCs and hope it becomes the new Bitcoin.

Too late. Bitcoin has already won.
ChartBuddy
Legendary
*
Offline Offline

Activity: 2212
Merit: 1779


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
February 06, 2023, 06:01:21 PM


Explanation
Gachapin
Legendary
*
Offline Offline

Activity: 952
Merit: 1926


bitcoin retard


View Profile
February 06, 2023, 06:05:52 PM

Leverage is short again (51/49) which is promising for an eventual short squeeze even if price is to go lower. I'd be worried if this correction was leading to the market being over-leveraged long. Personally I'd prefer a bear trap towards the $21K area where price saw initial consolidation. Golden cross (circled) due to confirm tomorrow which should generate some "blind buying" in near future. Daily RSI has cooled off now and currently testing bullish level at 60. Definitely some bearish divergence on higher time-frames but the bearish correction could have already played out it seems.



Not convinced we'll be testing the 200 Day MA around $19.7K anymore. Many who have been around since 2019 know that a re-test of this moving average in order to turn it into support (post bear market bottom) isn't as necessary as many would like to believe. The irony being that in 2019 the 200 DMA was trending downwards still (bearish) so arguably was more likely for a re-test compared to this time around as it's flat (neutral).

I otherwise genuinely believe we are approximately where the green arrow is (time-wise) or at least entering this area, towards the end of consolidation similar to April 2019. ie currently breaking the 20 Day MA (orange line) for a bear trap. Back then the consolidation lasted approximately 4 weeks, and since the pump to $21K we are entering the 4th week of consolidation. Quite possibly, the final week.



I also realise many people are speculating already that this is the case, but it seems most are still bearish that price will inevitably re-test $20K levels before moving higher, or we'll make new lows. Everyone is otherwise forgetting that Bitcoin has so far performed much better in the current bear market (% decline wise) within the inflationary macro environment, than previous bear markets of 2018 or 2014.

They still say inflation is bad for Bitcoin, but nobody cares to explain why 14-15 months after ATH, Bitcoin's price has dropped considerably less (-77%) than previous bear markets (-83%). I'm otherwise ignoring the short-term noise, as price remains firmly within the accumulation/distribution level around $23K. I'ts already starting to look like another bull flag breakdown without bearish continuation.

appreciated. Thanks!
Gachapin
Legendary
*
Offline Offline

Activity: 952
Merit: 1926


bitcoin retard


View Profile
February 06, 2023, 06:12:34 PM

snip


you should get the award for the best merit beggar account name
Gachapin
Legendary
*
Offline Offline

Activity: 952
Merit: 1926


bitcoin retard


View Profile
February 06, 2023, 06:21:32 PM
Last edit: February 06, 2023, 06:40:08 PM by Gachapin
Merited by Hueristic (1), JayJuanGee (1)

The Central Bank of Nigeria is pushing for wider CBDC adoption by limiting ATM cash withdrawals and changing banknotes for lower denomination ones.

As a result, demand for $BTC is skyrocketing and price reached a 40% premium.

🇳🇬 Nigerians don’t want CBDC, they want #Bitcoin 

https://twitter.com/BitcoinMagazine/status/1622340350198136833?t=a01ntz9U9Dpjh5m72G7COw&s=19

CBDCs are just another scamming cunt criminal government invention based on nothing, no limitation, nada.

CBDCs are just the desperate attempt of the government to out-do Bitcoin after seeing how Bitcoin is completely destroying fiat. They finally realized that they cannot ban BTC nor put a leash on Bitcoin and it will be the new, global money in the near future.

So what do they do? Create CBDCs and hope it becomes the new Bitcoin.

Too late. Bitcoin has already won.

I've talked to a "crypto currency advisor" to the EU parliament.  She was completely clueless about Bitcoin's exceptionalism and an absolute shitcoiner...  (tried to talk me into buying her bags of idIOTA)
I reasonably assume that most politicians are even more clueless about the power of Bitcoin  ... way too early


 
El duderino_
Legendary
*
Offline Offline

Activity: 2548
Merit: 12376


BTC + Crossfit, living life.


View Profile
February 06, 2023, 06:26:40 PM
Merited by d_eddie (1)

BitcoinBunny
Legendary
*
Offline Offline

Activity: 1498
Merit: 2548



View Profile
February 06, 2023, 06:46:43 PM

Sorryfor
Member
**
Offline Offline

Activity: 324
Merit: 11


View Profile
February 06, 2023, 06:57:47 PM

Bitcoin is easy math!

Twitter
ChartBuddy
Legendary
*
Offline Offline

Activity: 2212
Merit: 1779


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
February 06, 2023, 07:01:17 PM


Explanation
puloweh555
Sr. Member
****
Offline Offline

Activity: 532
Merit: 312


View Profile
February 06, 2023, 07:04:43 PM

Bitcoin lies still
In a sea of calm, no waves
Price movement slows.

Drama queen, the sky is falling!!! The sky is falling
No!!! The sky is blue!😂
BobLawblaw
Legendary
*
Offline Offline

Activity: 1834
Merit: 5577


Neighborhood Shenanigans Dispenser


View Profile
February 06, 2023, 07:07:05 PM
Merited by vapourminer (1), Hueristic (1), d_eddie (1), OutOfMemory (1)

Bitcoin lies still
In a sea of calm, no waves
Price movement slows.

Drama queen, the sky is falling!!! The sky is falling
No!!! The sky is blue!😂

Uncertain winds blow,
Rocking our fragile boats,
We cling to the shore.
Hueristic
Legendary
*
Offline Offline

Activity: 3850
Merit: 5034


Doomed to see the future and unable to prevent it


View Profile
February 06, 2023, 07:14:18 PM

Bitcoin lies still
In a sea of calm, no waves
Price movement slows.

Drama queen, the sky is falling!!! The sky is falling
No!!! The sky is blue!😂

Fuck off.
ibminer
Legendary
*
Offline Offline

Activity: 1837
Merit: 2861


Goonies never say die.


View Profile WWW
February 06, 2023, 07:18:39 PM
Merited by El duderino_ (10)



I think they were using rifles.. but with better weapons, they would have taken it down much quicker then Biden did. Smiley
BitcoinBunny
Legendary
*
Offline Offline

Activity: 1498
Merit: 2548



View Profile
February 06, 2023, 07:24:29 PM


 Well, if it's any consolation, less than 9 million people watched in 2022 - I would imagine the numbers are even lower this year.  My sisters don't even watch anymore and they used to be loyal fans - one of them was at my place last night watching Country Living Vlog with us and she didn't even mention the Grammys.



Well that's true. These days being nominated or winning a Grammy doesn't mean much anyway, certainly not music career wise. Look at the likes of Iggy Azalea, now on OnlyFans.  Roll Eyes
nutildah
Legendary
*
Offline Offline

Activity: 3024
Merit: 8158



View Profile WWW
February 06, 2023, 07:34:52 PM
Merited by Hueristic (1)


ChartBuddy
Legendary
*
Offline Offline

Activity: 2212
Merit: 1779


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
February 06, 2023, 08:01:17 PM


Explanation
Pages: « 1 ... 31705 31706 31707 31708 31709 31710 31711 31712 31713 31714 31715 31716 31717 31718 31719 31720 31721 31722 31723 31724 31725 31726 31727 31728 31729 31730 31731 31732 31733 31734 31735 31736 31737 31738 31739 31740 31741 31742 31743 31744 31745 31746 31747 31748 31749 31750 31751 31752 31753 31754 [31755] 31756 31757 31758 31759 31760 31761 31762 31763 31764 31765 31766 31767 31768 31769 31770 31771 31772 31773 31774 31775 31776 31777 31778 31779 31780 31781 31782 31783 31784 31785 31786 31787 31788 31789 31790 31791 31792 31793 31794 31795 31796 31797 31798 31799 31800 31801 31802 31803 31804 31805 ... 33480 »
  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!