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

[jonoiv]

RSI hitting 30 is quite bullish actually.

I always thought there was more of a selloff to come since we've never plumbed the oversold zone on the 1-week chart since way back in 2015. Getting that out of the way might make it safer for traders to contemplate a trend reversal since in bitcoin it tends to only visit that region rarely and once (or max twice) per cycle.

who said it wasn't bullish?  i think you will struggle to find a single person that thinks 1 week rsi below 30 is bearish.

[Last of the V8s]

commiserations to those that sold at the bottom.  

Oh shit... the major!

the colonel will be alright
his bosses will tell him when to act bullish again

[crypmike]

Its the good shit man

Like fresh air

[toknormal]

RSI hitting 30 is quite bullish actually.

I always thought there was more of a selloff to come since we've never plumbed the oversold zone on the 1-week chart since way back in 2015. Getting that out of the way might make it safer for traders to contemplate a trend reversal since in bitcoin it tends to only visit that region rarely and once (or max twice) per cycle.

who said it wasn't bullish?  i think you will struggle to find a single person that thinks 1 week rsi below 30 is bearish.

I'm not struggling.

[Icygreen]

Since the price is down and there’s panic in the air, I thought I’d revisit my convictions in hopes it may help someone in whatever way.  

BTC is an act of resistance and resistance entails suffering, it requires self sacrifice and excepts that it may be destroyed. Bitcoin is not about happiness or money, it is not rational, it’s about freedom.  For me bitcoin is almost a religious experience in a way that I achieve a personal peace knowing I resist evil. Namely the 1% who seek globalization of corporations through capitalism. In today’s world it is abundantly clear that capitalism consumes immeasurable amounts of life from the bottom up leaving slavery and destruction in its wake.  It is destined to implode with the absence of new markets to feed from and drag the majority into debt and despair.  Bitcoin is the only idea I’ve seen which by design attempts to correct economics out of balance.
Until a time where bitcoin no longer serves to liberate, I #HODL

[El duderino_]

Hate days like this, when we are in a DIP and the shopping is open on sunday.... my GF asking me to go all morning....
Now i’m here and suppose to buy shit as well, Xmass presents Will be downgraded a lot
Meanwhile keep those precious coins and gonna Fred Some extra fiat as well to throw into this DIP
Gonna catch Some daggers as well
#BTFD

[somac.]

Since the price is down and there’s panic in the air, I thought I’d revisit my convictions in hopes it may help someone in whatever way.  

BTC is an act of resistance and resistance entails suffering, it requires self sacrifice and excepts that it may be destroyed. Bitcoin is not about happiness or money, it is not rational, it’s about freedom.  For me bitcoin is almost a religious experience in a way that I achieve a personal peace knowing I resist evil. Namely the 1% who seek globalization of corporations through capitalism. In today’s world it is abundantly clear that capitalism consumes immeasurable amounts of life from the bottom up leaving slavery and destruction in its wake.  It is destined to implode with the absence of new markets to feed from and drag the majority into debt and despair.  Bitcoin is the only idea I’ve seen which by design attempts to correct economics out of balance.
Until a time where bitcoin no longer serves to liberate, I #HODL

I am with you

[Majormax]

Going by that comparison, another year until we get above 4000 again, with a bit more downside first.

[BinaryReign]

RSI hitting 30 is quite bullish actually.

I always thought there was more of a selloff to come since we've never plumbed the oversold zone on the 1-week chart since way back in 2015. Getting that out of the way might make it safer for traders to contemplate a trend reversal since in bitcoin it tends to only visit that region rarely and once (or max twice) per cycle.

Did it happen while I was asleep? The blood on the streets?

[Icygreen]

commiserations to those that sold at the bottom.  

Thecactus, again...

[El duderino_]

Going by that comparison, another year until we get above 4000 again, with a bit more downside first.

A year to get above 4K?
Not much HOPIUM in there i guess.....
That would be brutal - but if its the road Then i guess i Will rode it as well
I do believe in a more BULLish outcome though

[Arriemoller]

Going by that comparison, another year until we get above 4000 again, with a bit more downside first.

Yeah, something like that, maybe a little more. That's what I'm counting on at the moment. I see this as a repeat of the 2014-2017 cycle.

[Biro Bob]

In the coming week I'll be reallocating capital from other projects I have to put it in bitcoins. Current price level is a lifetime opportunity that should not be missed!

Now that you mention it, that makes a lot of sense.

[HI-TEC99]

Hate days like this, when we are in a DIP and the shopping is open on sunday.... my GF asking me to go all morning....
Now i’m here and suppose to buy shit as well, Xmass presents Will be downgraded a lot

Make it euroland for Xmas presents this year. Spend what's left over on Bitcoins.

[El duderino_]

I wil be spending on x-mass present , but F*** i gonna cut much costs on the nocoiner presents
Really not looking forward to sit on the table this year, its like me few neutral doesn’t care peoples and Then a corner like , roach , that butterscotch cartman NOOB, QestBTC, gembitz.... and that kind of people, my HODL Harry has to be big and ready for that day
But i Will always got BTC’s back around nocoiner NOOBS

[gentlemand]

I suggest everyone makes their xmas presents from the tears, blood and poo poo that these movements have sucked out of them.

Maybe a series of Iwo Jima WW2 dioramas.

[yefi]

I did it. I'm out. 

We need more posts like this. Nothing personal Cactus, just bottom watching.

The guy has been out more times than a closet homosexual with amnesia.

Well I am happily married for 11 years now so I am biased. Nevertheless, a 47% reduction in divorce risk is substantial. I was impressed when I came across that study. Combine that strategy with a prenup and I think the risk is manageable even if you have money if one seeks out character over aesthetics.

Forget that. If I had to attend church, I'd be the one divorcing her. Also, they'd probably tell her I represent the city of Sodom or something.

[toknormal]

I wil be spending on x-mass present , but F*** i gonna cut much costs on the nocoiner presents
Really not looking forward to sit on the table this year, its like me few neutral doesn’t care peoples and Then a corner like , roach , that butterscotch cartman NOOB, QestBTC, gembitz.... and that kind of people, my HODL Harry has to be big and ready for that day
But i Will always got BTC’s back around nocoiner NOOBS

Same. Almond flavour gifts usually bring nocoiner apathy in zonk..gambits aside though, it has to be tension ridden to force the exchange. I don't really care if ziggler shakes his coins around or yells a wally, noob losses get taken and digested anyway.

[Icygreen]

I did it. I'm out. 

We need more posts like this. Nothing personal Cactus, just bottom watching.

The guy has been out more times than a closet homosexual with amnesia.

Well I am happily married for 11 years now so I am biased. Nevertheless, a 47% reduction in divorce risk is substantial. I was impressed when I came across that study. Combine that strategy with a prenup and I think the risk is manageable even if you have money if one seeks out character over aesthetics.

Forget that. If I had to attend church, I'd be the one divorcing her. Also, they'd probably tell her I represent the city of Sodom or something.

 

[RobSteward]

Where do I have to cue for some of that hopism that get's passed around here atm?