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

[Lucius]

There goes all hope for ATH this year.

Only for those who were expecting a new ATH this year

However, it is more realistic that the new ATH will only happen next year, if the history is repeated in same way as was the case for last two halvings. The current situation is the result of a general panic and pandemic worldwide, everything is on the decline and BTC is no exception. The only question is how low the world economy can sink, because if it was at all a question of whether there would be new recession, COVID-19 opened its doors wide and 2008 is repeated. This will be real test for BTC, weak hands will sell, BTC death will be declared again - I wouldn't be surprised if anyone thought halving would be delayed as everything else...

[Bossian]

Is it now officially open to say........... All TA is flawed most of the times?  

And always has been

4700 incoming

Based on TA I guess....

So much arrogance in this thread, as usual.

The thing is, right now things are not clear, the action is too quick, there was a clear battle around the 6.4k support, technically it went below 6.4k but the down move didn't consolidate (yet).

TA is crystal clear my friends:
-major resistance at 10.5k
-major support at 6.4k

Now if tomorrow Bitcoin is under 6.4k this means the trend has been consolidated and bitcoin is done for the year. By that I mean 4k before the end of the year.

You can laugh, couldn't care less, been used to it now in this place. But I am confident Bitcoin price will go under 5k like I've been saying here for months, and this is based on TA only.

Best of luck anyway  

[El duderino_]

Some people are gonna wake up and will need to look twice I guess

[Bossian]

MASTERLUC SENDS HIS REGARDS

This is actually a little similar to what I predicted in December last year.

I was expecting a pretty stable year for most of the year, I mean price between 7.5k to 9k for a while, then between 6k to 7k... nothing crazy. Today is an anomaly.

I am actually confident Bitcoin price will bounce back to 8k area but the truth is, Bitcoin was never in a uptrend, especially since it failed to break above 10.5k.

[strawbs]

Is it now officially open to say........... All TA is flawed most of the times?  

And always has been

4700 incoming

Based on TA I guess....

So much arrogance in this thread, as usual.

The thing is, right now things are not clear, the action is too quick, there was a clear battle around the 6.4k support, technically it went below 6.4k but the down move didn't consolidate (yet).

TA is crystal clear my friends:
-major resistance at 10.5k
-major support at 6.4k

Now if tomorrow Bitcoin is under 6.4k this means the trend has been consolidated and bitcoin is done for the year. By that I mean 4k before the end of the year.

You can laugh, couldn't care less, been used to it now in this place. But I am confident Bitcoin price will go under 5k like I've been saying here for months, and this is based on TA only.

Best of luck anyway  

Please show us how and when TA predicted an alleged worldwide health pandemic which caused the markets to crash?

[Bossian]

Is it now officially open to say........... All TA is flawed most of the times?  

And always has been

4700 incoming

Based on TA I guess....

So much arrogance in this thread, as usual.

The thing is, right now things are not clear, the action is too quick, there was a clear battle around the 6.4k support, technically it went below 6.4k but the down move didn't consolidate (yet).

TA is crystal clear my friends:
-major resistance at 10.5k
-major support at 6.4k

Now if tomorrow Bitcoin is under 6.4k this means the trend has been consolidated and bitcoin is done for the year. By that I mean 4k before the end of the year.

You can laugh, couldn't care less, been used to it now in this place. But I am confident Bitcoin price will go under 5k like I've been saying here for months, and this is based on TA only.

Best of luck anyway  

Please show us how and when TA predicted an alleged worldwide health pandemic which caused the markets to crash?

There is no correlation to the virus. If there was a correlation with the virus, February wouldn't have been a very good month.

In January the virus was already here, in February Bitcoin price went from 9k area to 10.5k.

Now you are telling me some outside news can explain why 10.5k got rejected? Sorry but this doesn't make any sense.

A few weeks ago I was reading here and there that Bitcoin was doing well, while the stock market was doing bad, everyone seemed happy about the fact that the virus didn't affect Bitcoin. But now the opinion changed?

Truth is, the rejection at 10.5k was brutal and explained this move. I confess I never expected a move to 6.4k that fast, but we got there anyway.

By the way, posted on Feb 27 https://bitcointalk.org/index.php?topic=5228812.msg53921213#msg53921213

[peonminer]

Is it now officially open to say........... All TA is flawed most of the times? 

And always has been

4700 incoming

Based on TA I guess....

So much arrogance in this thread, as usual.

The thing is, right now things are not clear, the action is too quick, there was a clear battle around the 6.4k support, technically it went below 6.4k but the down move didn't consolidate (yet).

TA is crystal clear my friends:
-major resistance at 10.5k
-major support at 6.4k

Now if tomorrow Bitcoin is under 6.4k this means the trend has been consolidated and bitcoin is done for the year. By that I mean 4k before the end of the year.

You can laugh, couldn't care less, been used to it now in this place. But I am confident Bitcoin price will go under 5k like I've been saying here for months, and this is based on TA only.

Best of luck anyway 

Please show us how and when TA predicted an alleged worldwide health pandemic which caused the markets to crash?

Weekly chart and consolidation triangle(s) were very clear on this.

[Bossian]

The herd was buying because of the halvening coming soon.

As usual, do the opposite of what the herd does.

It doesn't work all the time but it works pretty damn well over the long term.

[Ibian]

Aand I just bought. What a wonderful opportunity. Thanks bearwhales!

[somac.]

Is it now officially open to say........... All TA is flawed most of the times?  

And always has been

4700 incoming

Based on TA I guess....

So much arrogance in this thread, as usual.

The thing is, right now things are not clear, the action is too quick, there was a clear battle around the 6.4k support, technically it went below 6.4k but the down move didn't consolidate (yet).

TA is crystal clear my friends:
-major resistance at 10.5k
-major support at 6.4k

Now if tomorrow Bitcoin is under 6.4k this means the trend has been consolidated and bitcoin is done for the year. By that I mean 4k before the end of the year.

You can laugh, couldn't care less, been used to it now in this place. But I am confident Bitcoin price will go under 5k like I've been saying here for months, and this is based on TA only.

Best of luck anyway  

Please show us how and when TA predicted an alleged worldwide health pandemic which caused the markets to crash?

There is no correlation to the virus. If there was a correlation with the virus, February wouldn't have been a very good month.

In January the virus was already here, in February Bitcoin price went from 9k area to 10.5k.

Now you are telling me some outside news can explain why 10.5k got rejected? Sorry but this doesn't make any sense.

A few weeks ago I was reading here and there that Bitcoin was doing well, while the stock market was doing bad, everyone seemed happy about the fact that the virus didn't affect Bitcoin. But now the opinion changed?

Truth is, the rejection at 10.5k was brutal and explained this move. I confess I never expected a move to 6.4k that fast, but we got there anyway.

By the way, posted on Feb 27 https://bitcointalk.org/index.php?topic=5228812.msg53921213#msg53921213

Got to agree here. I don't think any of the movement recently has anything to do with the virus.

[UnDerDoG81]

Lol all the "I told you xx months ago that xy will happen and I am right you see" guys with their glass sphere... Cmon just shut the fuck up. Nobody can predict the crypto market with any fucking chart. I am into bitcoin since 2013 and it's always the same BS. It goes down, the "I told you" guys come up, it goes up, the other group of "I told you guys" come out of their holes.

One guy/company/exchange dumps their huge amount of coins using covid19 as a panic acceerator... I promise you nobody could forecast that 2 months ago...

It's good what happens right now. After the 20k, we never had the "bitcoin is death" phase. Wich is needed for the next ATH.

And who knows, maybe this time it is death. If we see 3 digits I cant imagine a new ATH anymore. Who should mine at three digits.

[somac.]

Selling still not done?

[strawbs]

The herd was buying because of the halvening coming soon.

As usual, do the opposite of what the herd does.

It doesn't work all the time but it works pretty damn well over the long term.

Now I definitely agree with you here.  All of the talk of ATH due to halvening made it almost inevitable that we'd see a drop. If I've learned one thing with btc, it's that it'll do what everyone least expects.

[Gyrsur]

And Job stood up and tore his robe and sheared his head, and threw himself on the ground and did reverence and said “Naked I came out of my mother’s body and naked I go back there. Jehovah gave and Jehovah took. Jehovah’s name be blessed!”

[strawbs]

Is it now officially open to say........... All TA is flawed most of the times?  

And always has been

4700 incoming

Based on TA I guess....

So much arrogance in this thread, as usual.

The thing is, right now things are not clear, the action is too quick, there was a clear battle around the 6.4k support, technically it went below 6.4k but the down move didn't consolidate (yet).

TA is crystal clear my friends:
-major resistance at 10.5k
-major support at 6.4k

Now if tomorrow Bitcoin is under 6.4k this means the trend has been consolidated and bitcoin is done for the year. By that I mean 4k before the end of the year.

You can laugh, couldn't care less, been used to it now in this place. But I am confident Bitcoin price will go under 5k like I've been saying here for months, and this is based on TA only.

Best of luck anyway  

Please show us how and when TA predicted an alleged worldwide health pandemic which caused the markets to crash?

There is no correlation to the virus. If there was a correlation with the virus, February wouldn't have been a very good month.

In January the virus was already here, in February Bitcoin price went from 9k area to 10.5k.

Now you are telling me some outside news can explain why 10.5k got rejected? Sorry but this doesn't make any sense.

A few weeks ago I was reading here and there that Bitcoin was doing well, while the stock market was doing bad, everyone seemed happy about the fact that the virus didn't affect Bitcoin. But now the opinion changed?

Truth is, the rejection at 10.5k was brutal and explained this move. I confess I never expected a move to 6.4k that fast, but we got there anyway.

By the way, posted on Feb 27 https://bitcointalk.org/index.php?topic=5228812.msg53921213#msg53921213

Got to agree here. I don't think any of the movement recently has anything to do with the virus.

Agreed, but I was talking about the traditional financial markets, not btc.  It's clear that the virus and the Saudi/Russia oil spat have impacted stock markets. I don't think that can be argued against. TA did not, cannot, predict such one-offs.

[Bossian]

The herd was buying because of the halvening coming soon.

As usual, do the opposite of what the herd does.

It doesn't work all the time but it works pretty damn well over the long term.

Now I definitely agree with you here.  All of the talk of ATH due to halvening made it almost inevitable that we'd see a drop. If I've learned one thing with btc, it's that it'll do what everyone least expects.

Yes, man it was crazy, I usually go from one Youtube video to another, it was crazy how the herd was repeating the same thing all over about the halving, very rarely a good signal.

Lol all the "I told you xx months ago that xy will happen and I am right you see" guys with their glass sphere... Cmon just shut the fuck up. Nobody can predict the crypto market with any fucking chart. I am into bitcoin since 2013 and it's always the same BS. It goes down, the "I told you" guys come up, it goes up, the other group of "I told you guys" come out of their holes.

One guy/company/exchange dumps their huge amount of coins using covid19 as a panic acceerator... I promise you nobody could forecast that 2 months ago...

It's good what happens right now. After the 20k, we never had the "bitcoin is death" phase. Wich is needed for the next ATH.

And who knows, maybe this time it is death. If we see 3 digits I cant imagine a new ATH anymore. Who should mine at three digits.

I can't speak on behalf on these "other guys" but when you are bullied left and right here for making sensible predictions, it's only human nature to come back and feel the temperature   there is no need to be so emotional anyway. I am sure Bitcoin will provide plenty of profit opportunities (probably in 2021 or 2022), but for 2020 it doesn't look good for the bulls.

[vapourminer]

https://foldingforum.org/viewtopic.php?f=66&t=32274&sid=493ce04581b810b028f545e2287e65c8

Code:

All projects are using the new OpenMM GPU Core22.

11741: Coronavirus SARS-CoV-2 (COVID-19 causing virus) receptor binding domain in complex with human receptor ACE2. atoms: 165550, credit: 15396

11742: Coronavirus SARS-CoV-2 (COVID-19 causing virus) protease in complex with an inhibitor. atoms: 62227, credit: 9405

11743: Coronavirus SARS-CoV-2 (COVID-19 causing virus) protease - potential drug target. atoms: 62180, credit: 9405

11744: Coronavirus SARS-CoV (SARS causing virus) receptor binding domain trapped by a SARS-CoV S230 antibody. atoms: 109578, credit: 7608

11745: Coronavirus SARS-CoV (SARS causing virus) receptor binding domain mutated to the SARS-CoV-2 (COVID-19 causing virus) trapped by a SARS-CoV S230 antibody. atoms: 110370, credit: 7685

11746: Coronavirus SARS-CoV-2 (COVID-19 causing virus) receptor binding domain in complex with human receptor ACE2 (alternative structure to 11741). atoms: 182699, credit: 16615[

time to get some gear folding again. a mining board with its 1 PCIe lane per gpu will likely suck but i have some other mobos lying around i can use.

[peonminer]

Selling still not done?

And Job stood up and tore his robe and sheared his head, and threw himself on the ground and did reverence and said “Naked I came out of my mother’s body and naked I go back there. Jehovah gave and Jehovah took. Jehovah’s name be blessed!”

https://en.wikipedia.org/wiki/Capitulation_(surrender)

[Leviathan.007]

Maybe this a unique day is the history of bitcoin, In a few years later when we talk about Bitcoin we will always remember we could buy bitcoins for 5500 in 2020!
However, still there is some panic and emotional behavior during this period of time.
The big reward is only for the believers of the bitcoin when they do believe in their long term big goal.

[soxxx]

So in the smaller picture, Bitcoin might be looking at another rough year(s).

In the big picture, nothing has change, Bitcoin is still Bitcoin, Corona Virus fears will eventually pass and Bitcoin will come roaring back. This isn't permanent damage, Bitcoin wasn't hacked or broken, its fears outside of it