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

[El duderino_]

@fillippone

The signs are there, it’s just like late 2015, we’re going to start a slow creep up soon before EXPLOSION in 2021.

My bags are full/

My body is ready

@LFC

Dammit nobody's bags can be full! 

[LFC_Bitcoin]

@fillippone

The signs are there, it’s just like late 2015, we’re going to start a slow creep up soon before EXPLOSION in 2021.

My bags are full/

My body is ready

@LFC

Dammit nobody's bags can be full!  

They’re full but I have more bags to fill if I can (a lot more expensive now than it used to be)

[El duderino_]

^Looks like your girl

[Icygreen]

I understand that TA is not very popular and desired to see...

Da Voodoo-spirits whisper to me that deese be perilous times, and we should be firmly holding onto'r pants. "Slow and gentle accumulation" da spirits be whisperin'

Take your desires and cry to Calvin Ayre about them.

[LFC_Bitcoin]

^Looks like your girl

Haha!
She better not be spending all that money on shopping. Man must bitcoin

[ChinkyEyes]

You new guys can safely ignore Lauda. She's grumpier than usual - not getting any dick as theymos has been busy on anniversary celebrations.

Lauda i think it's a surname, not the female name. You guys probably didn't watch Formula 1? You didn't hear about Niki Lauda?

Wir sind die mutter von niki lauda?

----

Currently observing 7206, got my paycheck today and I directly sent some fresh fiat to an exchange.

I did a big fiat injection into BTC around the beginning of October around the 8200 levels. I am regretting I did not sell on the pump to 10k and rebought again at these levels.

[Last of the V8s]

[LUCKMCFLY]

The massive adoption of Bitcoin will undoubtedly increase market demand.

Bitcoin’s network value, expressed in USD market cap, has a high correlation with the level of network activity, expressed in dollar transaction value (TV$). The chart below shows the direct link between the Bitcoin price and the 12-week average USD transaction value.

The Bitcoin price is also driven by the active stock moved on-chain. If we analyze the HODL waves, we can see that bull markets are associated with an increased proportion of moving Bitcoins.

Source: https://bitcoinist.com/bitcoin-bulls-favorite-stock-to-flow-model-is-flawed/

[rolling]

https://jochen-hoenicke.de/queue/#0,3m

6 blocks found in the last 180 minutes.

The worldwide average "Electricity Only" cost of mining is likely around $7500/BTC. Maybe some miners are shutting down temporarily? Probably just variance though.

[d_eddie]

My long is being beaten to shreds, and happiness is a thing of the past.
What's a man supposed to do? Why, buying physical!
(Investment money decoupled from play stash.)

You did not sufficiently off-set with a short this time around?

I cashed it out already, and I won't short again right now.

[jojo69]

jesus

has it achieved its final form?

[Last of the V8s]

Maybe it's a bit wordy schmurdy idk

[SuperTA]

 

 

 

1. Chart

Here is the longterm weekly RSI support and resistance chart from 2012 to 2019. As you can see bitcoin is right on the red line support touching the line. I know the week has still enough time until it ends so it can change a lot by then. But currently we are touching it. It nicely coressponds with touching the weekly 50 Moving Average Line which can act as a support if btc is touching it from the upside or as a resistance if it's touching from the downside.

2. Chart

 On the regular weekly chart you can see the yellow line, it's the weekly 50 Moving Average. That's the first weekly stage. To become absolutely bullish we need to take first the orange line on the second chart - the weekly 20 MA  but also to break out of the channel, to break that blue uper channel line. That would be very bullish.

3. Chart

On the daily chart we have some resistances inside of the blue channel which are not so  important as the weekly and the blue channel but it corresponds nicely with the red line which represents the smaller trendline inside of the blue channel. There are the orange and the yellow daily 20 and 50 Moving Averages on the third chart, very close with the red line which can act as a resistance before the final and major weekly challenge.

[HairyMaclairy]

Maybe it's a bit wordy schmurdy idk

[xhomerx10]

It's too quiet in here and I can't leave well enough alone...

[HairyMaclairy]

Patience is hard

[infofront]

Not as hard as it would've been for Epstein to kill himself, since we're still on that subject.

[HairyMaclairy]

I’m just relieved to hear that Trump can’t be impeached because he was chosen by God

[Searing]

Patience is hard

I prefer to think of myself as 'an optimistically unicorn farts/rainbows/kool-aid drinking and HODL kinda guy.

Again, BTC either gets back someday to $10k on my accumulation of BTC dust as we speak from 'attic mining" stuff to eBay then Cash and then buy BTC...at my 'supposed'

over/someday $10k BTC price again. Or heck, I'm doing a lot of 'drudge' eBay selling cubicle work for nothing.

Or I've got a lot worst problems than a unicorn fetish....and should have sold like weeks ago.

So I prefer delusion/denial/hope/HODL as an operating method for the future!

I’m just relieved to hear that Trump can’t be impeached because he was chosen by God

True, if that is the case, most of us here are a shoe in for Sainthood!

[infofront]

I’m just relieved to hear that Trump can’t be impeached because he was chosen by God

You and me both, Hairy.