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

[El duderino_]

but it was an easy chart NOW just need to see if it plays out

I expect some temporal disturbances in the 4th dimension for the next couple days. But really based on that "falling wedge" observation I saw earlier I suspect we could get as low as $3500 today, at the end of which will be a major make-or-break moment. My money is on "make." If it doesn't come true I pledge to stop making guesses.

OK its been fun, back to work.

not bad what XhomerX created right here

[1715190688]

1715190688

[1715190688]

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[1715190688]

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[JayJuanGee]

bitserve look what you have done ^ i hope you are proud of yourself

ah ha!!!!!!

First sign of potential "issue":







Defensiveness.

[Last of the V8s]

bitserve look what you have done ^ i hope you are proud of yourself

ah ha!!!!!!

First sign of potential "issue":

Defensiveness.

crumbs. you post granpa porn and i'm the bad guy?

[JayJuanGee]

bitserve look what you have done ^ i hope you are proud of yourself

ah ha!!!!!!

First sign of potential "issue":

Defensiveness.

crumbs. you post granpa porn and i'm the bad guy?

ah ha!!!!


Another piece of evidence:



Reading too much into it.



That image was supposed to represent a "normal" person (whether grandpa or otherwise) thinking about a possible new topic...

[El duderino_]

bitserve look what you have done ^ i hope you are proud of yourself

ah ha!!!!!!

First sign of potential "issue":

Defensiveness.

crumbs. you post granpa porn and i'm the bad guy?

ah ha!!!!


Another piece of evidence:



Reading too much into it.



That image was supposed to represent a "normal" person (whether grandpa or otherwise) thinking about a possible new topic...

from team Micg

( +- 13 around the clock workers in 7 different countries, all speaking same kind of english, and all hodlers on a BTC payroll)

[El duderino_]

[HairyMaclairy]

I have no idea what I am doing

[El duderino_]

more people has to stay with positive thinking..... and more will always be positive thinking
after every DIP new survivors will be born

[PoolMinor]

What do people here think drives the price of BTC (either direction) the most?

1. Adoption
2. Use methods
3. Scarcity
4. Technology
5. News
6. Rumors
7. This thread
8. Whales
9. Hats

And which are the most predictable events or follow a pattern?


Edit:
Hint -- What drives the price of diamonds?

10.JEWS

If you post that word 2 more times, that jackass will reappear, please don't!

[El duderino_]

I have no idea what I am doing

is that the M of Mclairy? or what are you doing ?

[HairyMaclairy]

is that the M of Mclairy? or what are you doing ?

This is a very complicated case, Maude. You know, a lotta ins, a lotta outs, a lotta what-have-yous.

But I think that time is just a "vehicle" to cause loss of hope, being that loss of hope the determining factor. There is still a lot of hope around so maybe this time around more time is needed to reach same levels than in the last bear market?

I agree that time is just a vehicle.  But time also becomes a vehicle of hope, being the halvening.

i don't think it makes sense to focus on miners. difficulty may lag a lot, but it should eventually follow price on a long enough timeline.

I think this is right.  Difficulty follows price rather than the other way around.

[El duderino_]

10.JEWS

If you post that word 2 more times, that jackass will reappear, please don't!

i will stop @1 time

[El duderino_]

is that the M of Mclairy? or what are you doing ?

This is a very complicated case, Maude. You know, a lotta ins, a lotta outs, a lotta what-have-yous.

But I think that time is just a "vehicle" to cause loss of hope, being that loss of hope the determining factor. There is still a lot of hope around so maybe this time around more time is needed to reach same levels than in the last bear market?

I agree that time is just a vehicle.  But time also becomes a vehicle of hope, being the halvening.

i don't think it makes sense to focus on miners. difficulty may lag a lot, but it should eventually follow price on a long enough timeline.

I think this is right.  Difficulty follows price rather than the other way around.

[PoolMinor]

I have no idea what I am doing

I also believe that the next intermediary top will be around 23-25 of December. Good chart.

[JayJuanGee]

I have no idea what I am doing

That seems quite apparent.

Charting while drunk.


Wouldn't it be ironic, if your dumb-ass lines actually played out with precision?   

[El duderino_]

FUN time is over have been with some hodl friends, hanged around with the WO brothers now its time to go deep into the pits of mountHODL and go for a well earned rest
good night and initiate WEEKENDPUMP during that sleep

[El duderino_]

I have no idea what I am doing

I also believe that the next intermediary top will be around 23-25 of December. Good chart.

right when i'm @ the NOCOINERS table... that wouldn't be great, but it would be something

[El duderino_]

https://bitcointalk.org/index.php?topic=4530624.msg48347529#msg48347529

sounds right ?

[Majormax]

The bottom is not in.

This isn’t about price, it’s about time.  We haven’t had enough time to digest the last bull market. 

We will hit absolute bottom between here and mid-2019.  I can’t give you a price target because it’s not about price. 

Very good thinking. Most ppl concentrate on price, and it is important to get away from the herd ideas.

If bottom is in early/mid 2019, that would put the next high around 2021-2.  Hunker down is in order. Better to find something else to think about for a couple years !

[JayJuanGee]

The bottom is not in.

This isn’t about price, it’s about time.  We haven’t had enough time to digest the last bull market. 

We will hit absolute bottom between here and mid-2019.  I can’t give you a price target because it’s not about price. 

Very good thinking. Most ppl concentrate on price, and it is important to get away from the herd ideas.

If bottom is in early/mid 2019, that would put the next high around 2021-2.  Hunker down is in order. Better to find something else to think about for a couple years !

Even if this possible scenario were to come true, wouldn't there be a way to profit from such scenario, rather than going away for "a couple of years"?

Wouldn't we want to attempt to buy more on the way down to the bottom in early to mid 2019?  And of course, there might be other actions that can be taken, too.

Certainly, I am not against any kind of attempt to plan a more passive approach to BTC investing, yet it seems that there is only a certain amount of confidence that can be put into any scenario, even the most likely of scenarios, and further it seems that even the most likely of scenarios never really end up playing out - unless the specifics are really broad and just an outline of real long term likelihoods.