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

[BitcoinGirl.Club]

Good morning WO!
Observing @ $7,178

Where is LFC?
Another 3 points for Liverpool? Perhaps a 3 - 1 win? 😀

[dragonvslinux]

[charts]

Here's my outlook of the Weekly time-frame on a 4 chart like a weirdo 

Using the 2100 & 4200 MAs on the 4hr chart (like a weirdo) gives us the 50 & 100 Week MAs on a zoomed in time-frame. Although we already had the bullcross on these Weekly MAs, on a 4hr chart ("in real-time"), we are now seeing the bullish crossover with the price sat underneath it. This follows two weeks of rejection fom the median of the bear channel , continued failure to maintain support above the 0.382 fib retracement (of the $3,100 to $13,850 move), as well as arguably initial rejection from the bull-cross itself that "IRT" occured yesterday.

With the volume dropping off and another descending triangle being established, this is enough reason to be bearish right now.

Doesn't look good in my opinion. Only "hope" for me right now is the current descending triangle is a fake out / bear trap.

If you'd prefer to look at something bullish, then check out this chart I came across. It has nice proportions of 0.5 volitility and 2x time (half the depth and twice the length):

2011/2022

The is also similar to the 2012 descending triangle extrapolation I made a couple of months ago that's also quite similar:



[/charts]

[gentlemand]

Spending a lot of time seemingly defending Boris.

Various relatives of mine have fucked members of his family and his dad keeps trying to fuck another relative of mine at the moment. The only question Boris ever asked another one over dinner was what school she went to and he totally blanked her after that when it wasn't elitist enough.

Rachel seems alright. All the other Johnsons are fucking freaks including our PM.

Another relation was a rather notable PM's personal doctor and their reign was fuelled by the 'concoctions' he used to inject in their arse. The PM would rocket out into the commons and slay it. He used his job to keep his wife in the morphine addiction she was accustomed to.

[d_eddie]

What would we do without Uncle D?
<3

[bitserve]

[Paashaas]

[d_eddie]

This is looking bad.

[El duderino_]

This is looking bad.

What is?? So much going on these days, and since I moved to a new place.... my GF pulls my arm every 5 minutes....

Mic needs a short break 

[nutildah]

Ouch... Though I don't prefer to be the bringer of negativity, bitcoin is among the highest of the high-risk investment category. If there's a market sell-off, BTC, now inexorably tied with Wall Street, will be one of the first assets to suffer a major sell-off, as big-time investors (however ironically) plow their money into cash.

- stocks go down
- dollar becomes stronger
- Fed prints dollars
- stocks go up
- a bubble pops
- stocks go down
- dollar becomes strong
- Fed prints dollars
- stocks go up
- etc.

Apparently they can just keep doing this forever, and the cycle will continue forever... I'm not wrong until proven otherwise. The dollar is the worst form of currency except for all of the others, BTC included.

The case for BTC being some sort of alternative store of value to the dollar just isn't there yet, IMHO. Speculators have to get out first, which as we all know, isn't happening any time soon.

[d_eddie]

This is looking bad.

What is??

We're under 7.1k.

Mic needs a short break 

So does weary d_eddie. Boozy saturday for Mic? ;-)

[nutildah]

Boyz are revving up the trucks, shining their hood ornaments, getting ready for true bargain hunting.



Where has Lambie been anyway?

[El duderino_]

Indeed it will be a b00z accompanied by f00d evening, after dinner a X-mass market with some friends and moar b00z of-course

[jojo69]

well fuck this shit

[_javi_]

This is fine... but becoming a tad disgusting.

[bitserve]

Ouch.

Didn't Hairy say something about middle december dump?

The good thing about dumps is the following pump... unless another dump follows.

Bleh, it's been long time since I don't have any idea what the price gonna do, so let's just let it be. This is fine.

[El duderino_]

The next generation will not be buying bitcoin, they will be earning it.
https://twitter.com/Rhythmtrader/status/1205883443625824257?s=20

Some things will sink in.... With some it just happens faster

[Hueristic]

Yeap, I knew I shoudn't have looked after catching up here.

How long we gonna sideways down this shit.

It's almost 2020 goddamn it!

[Globb0]

[jojo69]

Oh and on the Celtic question. They can of course all just fuck right off. But they can't leave.

Sic semper tyrannis

[nutildah]

Guys...

Nonsense. We came here to find the American Dream.

Now that we're in the vortex, you wanna quit?