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Question: When ATH?
Nov. 2020 - 44 (34.9%)
Dec. 2020 - 43 (34.1%)
Jan. 2021 - 14 (11.1%)
Feb. 2021 - 5 (4%)
Mar. 2021 - 5 (4%)
After Mar. 2021 - 15 (11.9%)
Total Voters: 126

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 24388442 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. (151 posts by 39 users deleted.)
BTCHadzija
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June 09, 2018, 03:13:54 PM

what do you guys think which way this ascending triangle is going to break? upwards movement would pave the way to at least 9000 

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June 09, 2018, 03:17:20 PM
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Bear pennant?


thats bullish! 8k here we come  Grin



Guess it depends where you draw the lines at..it looks bearish to me..upwards rising pennant.  I put the "top" line in a funny area so it looks almost bullish I suppose..   Meh..there are no flags(spoons)..remember?  Wink



---------------
Good morning all.

Bitcoin continues to cling to support levels in the $7.6k range indicating possible upside movement. The market is still confused imho, rising into resistance and falling from support. A bit of a odd duck I have to admit. One thing is clear is that a move above 8k seems to be being resisted by market makers for now. I hope someone pulls their head out of their ass and takes a deep breath soon..  Striking when the iron is hot is a saying for a reason one would think..

1h closeup


1h overview


4h


D
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June 09, 2018, 03:17:32 PM

This is what you think about Bitcoin when you purchased a tee for 12 BTC (at ~$0,38/BTC price), like this banker did:

Russian Banker Warns, Tighter Crypto Regulations Will Hurt Blockchain Development

A ban on cryptocurrencies on state level would endanger the development of blockchain technologies and prevent the disclosure of the full potential of digital currencies, according to German Gref, a prominent banker and former minister of economy and trade of the Russian Federation. Although he admits he does not use cryptocurrencies, Gref notes that he considers them a source of financing for the blockchain development. In April, he said the technology was still “unripe and overvalued.”

German Gref is the president of Sberbank, which is the largest bank in Russia and among the biggest in Europe. Earlier this year, reports suggested that Russia’s “savings bank” was planning to circumvent local regulations and offer clients overseas crypto-trading services.

Gref also shared his opinion that the majority of countries do not recognize cryptocurrency because of its decentralization. “No state will part with the monopoly on money issuance. Most governments believe that cryptocurrency is a property and, like any other property, must be taxable,” he said, quoted by Kommersant, a leading Russian business daily. The banker also cautioned that investing in digital assets is associated with high risks.

https://news.bitcoin.com/bitcoin-in-brief-saturday-switzerland-votes-on-sovereign-money-referendum-russian-banker-warns-against-crypto-ban/
gembitz
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June 09, 2018, 03:20:22 PM

This is what you think about Bitcoin when you purchased a tee for 12 BTC (at ~$0,38/BTC price), like this banker did:

Russian Banker Warns, Tighter Crypto Regulations Will Hurt Blockchain Development

A ban on cryptocurrencies on state level would endanger the development of blockchain technologies and prevent the disclosure of the full potential of digital currencies, according to German Gref, a prominent banker and former minister of economy and trade of the Russian Federation. Although he admits he does not use cryptocurrencies, Gref notes that he considers them a source of financing for the blockchain development. In April, he said the technology was still “unripe and overvalued.”

German Gref is the president of Sberbank, which is the largest bank in Russia and among the biggest in Europe. Earlier this year, reports suggested that Russia’s “savings bank” was planning to circumvent local regulations and offer clients overseas crypto-trading services.

Gref also shared his opinion that the majority of countries do not recognize cryptocurrency because of its decentralization. “No state will part with the monopoly on money issuance. Most governments believe that cryptocurrency is a property and, like any other property, must be taxable,” he said, quoted by Kommersant, a leading Russian business daily. The banker also cautioned that investing in digital assets is associated with high risks.

https://news.bitcoin.com/bitcoin-in-brief-saturday-switzerland-votes-on-sovereign-money-referendum-russian-banker-warns-against-crypto-ban/

BITCOIN NOT BLOCK-CHAIN GET IT RIGHT!!! =) WEEEEEEEEE
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June 09, 2018, 03:20:39 PM

satoshis place is a cool LN project. paint one pixel for one satoshi: https://satoshis.place/
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June 09, 2018, 03:24:51 PM

satoshis place is a cool LN project. paint one pixel for one satoshi: https://satoshis.place/




 Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Cool

WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
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June 09, 2018, 03:33:57 PM

satoshis place is a cool LN project. paint one pixel for one satoshi: https://satoshis.place/

I like all the penises.

the bitcoin spitting penis is real art:

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no FOMO


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June 09, 2018, 03:55:47 PM

how cute, it's like a microbart
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June 09, 2018, 04:01:26 PM



Stop me before troll side pulls me in. Someone! please trash my trading approach here/
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June 09, 2018, 04:35:07 PM
Merited by mindrust (5), xhomerx10 (1), Torque (1), El duderino_ (1)

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June 09, 2018, 04:53:58 PM

This is what you think about Bitcoin when you purchased a tee for 12 BTC (at ~$0,38/BTC price), like this banker did:

Russian Banker Warns, Tighter Crypto Regulations Will Hurt Blockchain Development

A ban on cryptocurrencies on state level would endanger the development of blockchain technologies and prevent the disclosure of the full potential of digital currencies, according to German Gref, a prominent banker and former minister of economy and trade of the Russian Federation. Although he admits he does not use cryptocurrencies, Gref notes that he considers them a source of financing for the blockchain development. In April, he said the technology was still “unripe and overvalued.”

German Gref is the president of Sberbank, which is the largest bank in Russia and among the biggest in Europe. Earlier this year, reports suggested that Russia’s “savings bank” was planning to circumvent local regulations and offer clients overseas crypto-trading services.

Gref also shared his opinion that the majority of countries do not recognize cryptocurrency because of its decentralization. “No state will part with the monopoly on money issuance. Most governments believe that cryptocurrency is a property and, like any other property, must be taxable,” he said, quoted by Kommersant, a leading Russian business daily. The banker also cautioned that investing in digital assets is associated with high risks.

https://news.bitcoin.com/bitcoin-in-brief-saturday-switzerland-votes-on-sovereign-money-referendum-russian-banker-warns-against-crypto-ban/

It's pretty amazing to see a banker who experimented with bitcoin that early, when the price was ~$0,38/BTC.
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June 09, 2018, 05:34:39 PM


BITCOIN NOT BLOCK-CHAIN GET IT RIGHT!!! =) WEEEEEEEEE

I know, I know, but he was talking about crypto currency and as Phil_S spotted, had experience to exchange Bitcoins as very early-adopter. Actually I think that officials use ‘blockchain’ word as euphemism to Bitcoin in most cases.
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June 09, 2018, 05:40:29 PM

Many people think that Bitcoin's price action is just pure speculation and completely disconnected from other markets, like equities, commodities, hedge markets, PMs, etc.

But if you ascribe to the notion that :

a) Bitcoin could be a safe haven hedge like PMs, and that
b) the equities market is topping and looks really strained/risky, along with
c) what is happening to the emerging markets, hyperinflation countries, and with
d) Central Banks insolvencies, the Deutsche Bank downgrade, etc.

Well then.... the Bitcoin price action over the last 2 years makes perfect sense in that context.

4rt3m
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June 09, 2018, 05:48:39 PM

Quote from: Phil_S
It's pretty amazing to see a banker who experimented with bitcoin that early, when the price was ~$0,38/BTC.

More interesting that’s it’s not a regular banker, he’s a CEO of the biggest Russian government-affiliated Sberbank.
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June 09, 2018, 05:51:26 PM



Stop me before troll side pulls me in. Someone! please trash my trading approach here/

Okay. It looks like you're trying to trade tops and bottoms, but you can't call tops and bottoms until far after the fact.
Ludwig Von
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June 09, 2018, 06:26:01 PM

Many people think that Bitcoin's price action is just pure speculation and completely disconnected from other markets, like equities, commodities, hedge markets, PMs, etc.

But if you ascribe to the notion that :

a) Bitcoin could be a safe haven hedge like PMs, and that
b) the equities market is topping and looks really strained/risky, along with
c) what is happening to the emerging markets, hyperinflation countries, and with
d) Central Banks insolvencies, the Deutsche Bank downgrade, etc.

Well then.... the Bitcoin price action over the last 2 years makes perfect sense in that context.



And soon it will make more sense... .
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June 09, 2018, 07:40:56 PM

...
Guess it depends where you draw the lines at..it looks bearish to me..upwards rising pennant.  I put the "top" line in a funny area so it looks almost bullish I suppose..   Meh..there are no flags(spoons)..remember?  Wink
im just trying to read from tea leaves. But i dont think this line will give way from here with this no volume market. I see it more likely that [if it should break down at all] it will bump or creep up slowly much higher first, and then come straight down with force-without sitting close to trendline for days.



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June 09, 2018, 08:26:33 PM

im just trying to read from tea leaves. But i dont think this line will give way from here with this no volume market. I see it more likely that [if it should break down at all] it will bump or creep up slowly much higher first, and then come straight down with force-without sitting close to trendline for days.
You have tea leaves??  Shocked   Hella more than I was offered thats for sure. Use what you got.
I do believe $7kish was our bottom. I also believe it might be retested late summer at some point..but I doubt this week.
-----------

I am observing the little bastard closely..that squirrel looks like he's ready to bolt..but who knows which way. Up is looking likely to test resistance at $7.95k, support appears firm at $7.575k.
He is definitely taking a long hard look that is for sure. The trailing indicator is about to slam into the wall soon..have to see if it bends upwards or plows straight through. Do we continue to hover until the daily close for a possible doji?
Stay tuned..


#dyor #stronghands #cryptouplift #btfd
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June 09, 2018, 08:33:10 PM

I love this game.

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June 09, 2018, 08:41:02 PM
Merited by BobLawblaw (10), Paashaas (1)



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