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

[nutildah]

I think staring at charts is not waste of time if you like that and enjoy doing it. Maybe for some of you who enjoy other things in life such as going to the beach or go to the party, be with your girlfriend,. Or if you make more money on other things.

Yes I enjoy all those things, and more. What's the point of having money if you can't enjoy it?

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[Lambie Slayer]

The Bargain Boyz clearly have no interest in these prices so its going lower.

If 6400 doesnt hold and then I fully expect we plunge down to the 5200 range I suspect it will be a ride straight down with almost no big bounces in between, bc the April Tether Fud that started this Bubble took us from 5200 to over 7k with basically no big dips. I'm expecting history to rhyme a bit and a straight shot to 5200 if Bargain Boyz dont rescue Bitcoin.

They told me they are celebrating Thanksgiving with fam this week so I wouldnt expect a Bargain Boyz ultra high volume bounce before then, maybe a low volume bounce that will get sold quickly at best.

This Thanksgiving is going to be full of Nocoiners saying "I hear Bitcoin crashed," and "I told you so" to noble Hodlers.  A small price to pay to be one of the future financial elite.

Hmmm I think you are starting to get a bit greedy Lambie.   It is possible, but I am not seeing justification for a downside breakout.  

Everybody is entitled to a particular opinion, but I think that it is almost out of the question that we would be following prior fractal 'exactly', so $10K and $5K are equally possible.
By now, everyone should just admit that btc price is simply chaotic with an upward bias (so far).

@H.M.- I think greed was on the minds of the buyers over 9k who thought a bubble this early after a major bear market was sustainable.

Im staying pragmatic and ruthlessly unbiased. Its gonna take a capitulation event imo to end this and since so far 6ks arent seeming to produce one Im naturally setting my sights on 5200 as the climax of a capitulation event. Im not deploying my last fiat until I see the Bargain Boyz ultra volume or 4900-5200 range prices, whichever comes first. If hypothetically 5200 comes first I of course reserve the right to still not deploy said fiat if I see other things I don't like, hopefully that's not the case but these things are always in flux and developing in real time.

The great news for all Bitcoin lovers is all this bearish price action imo is coming to a close and a new Bull chapter will soon begin once we reach the bear climax.

@biodom - Aspiring to make sense out of the seeming chaos of the world is human nature and what separates us from the lower primates. Not to mention its a lot more fun and interesting than shrugging and submitting to a "nobody knows" mentality. This is why humanity is constantly advancing and doing things that were unthinkable a hundred years prior.

Chaos is simply unapprehended complexity.

Sorry, I don't find your guesses very entertaining since they are not based on anything (ostensibly) in your presentation.
At least, @HM has his favorite fractal.

I've mentioned many times some of the more obvious metrics and rationales my predictions are based off of, although my main metrics and rationales I prefer to keep to myself as they are proprietary.

If you said I haven't presented any homemade charts that would and likely always will be accurate, but to say my predictions aren't presented as based on anything is false as evidenced by my post history.

PS

via Imgflip Meme Generator

LOL.

[Lambie Slayer]

Observing 6660 

[Lambie Slayer]

via Imgflip Meme Generator

[infofront]

Man, the bargain boyz are going to really clean up.

[xhomerx10]

Wow!!  I go to run a few errands, put up some Christmas lights and Bitcoin takes another dive...
I've got three words in a new address (which took a while to generate) - 1BUYTheDipPgLUQz4LVK6TRUagUgg2PEWZ
and there's finally an ATM near me that's only ~5% to buy.  I'm going to try it tomorrow.

[DaRude]

Is BTC dead? Blood on the streets yet?

[infofront]

If the poll results are any indication, there's more pain ahead.

[Searing]

I think staring at charts is not waste of time if you like that and enjoy doing it. Maybe for some of you who enjoy other things in life such as going to the beach or go to the party, be with your girlfriend,. Or if you make more money on other things.

Yes I enjoy all those things, and more. What's the point of having money if you can't enjoy it?

You can enjoy with money in a different ways. Some are enjoying to buy a house or a good car, some good food and drinks, some are spending in a casino or for women. Some even enjoy to donate or give money to help other people, animals, to preserve nature, wildlife, to find the cure. People have different desire and joy.

I'm not sure you can say I enjoy HODL'ing. Especially with the recent price dump. But, I don't NEED the BTC to be cashed out. Also being older, I may only HAVE 1/4 century

(25 years) of life left, if I'm lucky, so if I don't take a chance on my belief in BTC/Crypto...wodon't matter much by then anyway.

So riding this out and accumulating some dust on the way.

I think the price dump is miner capitulation myself 60% of scrypt-pow miners are Bitmain L3+s and convert their LTC to BTC mostly I think. Also same for sha-256 or Bitmain S9's

also likely at 60% of the equipment on sha-246. Thus they are all still? kinda hanging in there.

https://cointelegraph.com/news/no-capitulation-bitcoin-miners-completely-unfazed-by-price-drop

So, IMHO, a lot of miners were big on HODL'ing which they can't do now due to real-life issues like electric costs/data hall rent or mortgage/etc. Most big miners in the USA anyway

work for themselves .they will dump BTC till it hurts rather than go back to work for someone else. So real-life issues for them must spend the coin, can't hodl as they wish, have

real-life bills/family/issues due probably by the 10th of any month. Also, it is the end of the month now. So that lack of HODL'ing by what is usually the 'cheerleaders of BTC/LTC/Crypto and

them having to spend on top of such...is likely a big trigger for those who speculate and trade that things are going south.

But what do I  know? I just HODL (mostly) since 2013.

So maybe it will go beanie baby...I'll still is likely to have passed a bit after 25 years (knock wood) and have no debts/house paid/ and other investments to keep an OK retirement.

So hell, let it ride. I have to just keep believing after drinking the 2013 kool-aid..that BTC/Crypto is like a 'virtual land' where the value of such is reflected in the amount of land

the adoption and use of the land and the amount of land still to be tamed. (ie...the last 3 million BTC to be mined).

So the price of BTC is based on the amount of BTC vs Adoption vs real-life usage as a store of value or a virtual gold.

IF I am right, this too shall pass. I am basing all my 'dust accumulation' on BTC eventually in some way or someday getting back to $10k per BTC and accumulating dust by

selling crap on eBay accordingly. This is if I'm right. Also, if I'm right on the above, I'm assuming my 'traditional investments' are gonna take a pretty good hit in what I see

as a 20-40% correction/recession on such. So it is a wash, with BTC/Crypto acting like "Plan B" and saving my butt.

IF I am wrong, and somehow BTC/Crypto is regulated to the dustbin of history as beanie baby money. Well that means the that very rich and connected and powerful are in charge

which probably means my traditional investments are fine and it is just young people and others starting out that will have a much tougher time to get by in the world. In other

words, more centralized control of money and onward and upward to someday perhaps Trillionarires.....but again, flat wage growth for the last next 40 years like the last 40 years

won't affect my old ass...so its a wash.... I get beat up on my BTC/crypto dreams as a loss but traditional world money and investments let me slide at my age.

hardly fair.

I would PREFER that BTC/Crypto go up in value in a more modest sustained manner along with a better more fair bit of capitalistic improvement over the next 25 years I could watch.

But anyway, from my old ass point of view...let the BTC/Crypto wise, what the heck. Again, selling crap (attic mining) stuff I'd otherwise die with for BTC/Crypto 'dust' to add to the

hoard. Stuff to do in my retirement.

Brad

[RoomBot]

TOO FUNNY!

"When things go terribly bad for a Royal"

[RoomBot]

So....I had to sell a lot of my cold stash earlier this month for $8800 and was NOT happy about it. Until today when I bought back at $6780.

There's always a silver lining for someone with BTC

I hope Bitcoin Black Friday doesn't suck this year with massive spending of BTC at low value.

[jojo69]

fucksville express now boarding on all ramps

this trip is mandatory, please take your seats

[Hueristic]

(Wo)w! Do i see a slightly changing the w.o. sentiment from extremly bullish to mild bearish? 

I still see new ATH before the halvening.
However, people should not forget the Proof of Key Day and do what they need to do!
https://www.proofofkeys.com/

make sure you demand your trezor proves to you it has the keys it says it does?

I lol'd.

I was out for the weekend, so someone probably posted this already:

I think you are correct -- in terms of price anyway. My target of $5,500 is not far below today's low. But I think the surprise might be in the duration and nature of market. I am thinking about a low in July 2020. That will wear out bulls quicker than a price correction.

https://twitter.com/PeterLBrandt/status/1198040324830093312

Fuck him, saying BTC must bleed the Bulls out and out the other end stating ripple has bottomed.
I don't believe fucking thing outta that twat, he's talking his book.

Whenever bitcoin goes down a lot i always like to watch this video: Don't Buy Bitcoin. It's Going To Crash!!!
https://www.youtube.com/watch?v=XbZ8zDpX2Mg

 

Pure Gold.

Man, the bargain boyz are going to really clean up.

They will be waiting for 3500 forever.

fucksville express now boarding on all ramps

this trip is mandatory, please take your seats

I'm going to the casino for the week tomorrow and will not look again until after thanksgiving . fuck i lie...I know i'll peek

[realr0ach]

Wow!!  I go to run a few errands, put up some Christmas lights and Bitcoin takes another dive...

Don't worry.  It's perfectly normal this time of year for the Jews and Chinese communists that run Bitcoin to dump everything to buy Christmas presents to celebrate the miracle of Jesus.

[Paashaas]

Now we seem to go quite sideways from a few $hundred below where we were before the pump of late october.
Let's see where it goes from here...

#hodl

Something like this:

[LFC_Bitcoin]

Surely this is close to the being over sold area now. How much lower can we possibly go before big players think fuck this & start buying large amounts.

Edit - Just for some perspective, I just googled to check what the price was at a similar point in time 6 or so months before the last halving so November 2015 -

https://www.google.co.uk/amp/s/cointelegraph.com/news/11112015-bitcoin-price-falls-sharply/amp





Following the significant Bitcoin price growth to nearly $500 last week, it went down sharply on November 10-11. Just a few days ago, the Bitcoin price faced the first wave of decline to the $370 - $390 level. During the last 24 hours, the price lost almost 20% on all major cryptocurrency exchanges and dropped to as low as $308 on some of them.

..................

At the moment of this article's writing, the BTC price fluctuated at $318-333.

[soxxx]

Surely this is close to the being over sold area now. How much lower can we possibly go before big players think fuck this & start buying large amounts.

Edit - Just for some perspective, I just googled to check what the price was at a similar point in time 6 or so months before the last halving so November 2015 -

https://www.google.co.uk/amp/s/cointelegraph.com/news/11112015-bitcoin-price-falls-sharply/amp





Following the significant Bitcoin price growth to nearly $500 last week, it went down sharply on November 10-11. Just a few days ago, the Bitcoin price faced the first wave of decline to the $370 - $390 level. During the last 24 hours, the price lost almost 20% on all major cryptocurrency exchanges and dropped to as low as $308 on some of them.

..................

At the moment of this article's writing, the BTC price fluctuated at $318-333.

Perhaps we are just about there? $6300ish....

[HairyMaclairy]

Dont mean to rain on your parade but weekly RSI hit 29 when we bottomed in December 2018

[HairyMaclairy]

Yup.  Maybe we will get a Thanksgiving style capitulation event after all. 

[mindrust]

Ummm mmm I just woke up to a beautiful morning. The sun is brighter than ever and my tea oh my god that tea tastes like it never did before.

People panic in the streets, my friend just texted me, "how lower will it goooo?" I told him "nobody knows "

Firesale...

Still Sticking to the plan..

 1-. DCA
2- BTFD

Its time for 2. Addicted to chaossss