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

[JL0]

-major support at 6.4k

Meanwhile the price is currently at $5.9k. GTFO here Nostradamus. You're welcome to continue posting, but expect to get ridiculed if you're trying to argue that $6.4k is still a support level, or any relevant level at all. You were obviously wrong about that.

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.

"The herd" has been saying "buy bitcoin" for over 5 years. If you haven't noticed, this is a forum about bitcoin. Your general call was bearish -- so you can take credit for that, today. Tomorrow it may be a different story, and taking credit for anything else in the meanwhile is sheer arrogance.

Bottom line, you don't know anything that anybody else doesn't. You're just a bit more arrogant than most, which for this place, means you're pretty damn arrogant.

As i stated before, "resistance" is completely virtual and, most important, momentarily.
And even if you consider "resistance" as resistance, it slowed down and degraded the dip by several %.
Or did you like to see corn falling to $5k and below?

What are we but Bitcoin masochists?



Sub 1k

http://dickening.com/

McAfee tweeted that he will not eat his own dick on TV

[peonminer]

McAfee tweeted that he will not eat his own dick on TV

[Alexander_Z]

Holy overreaction.

Thankfully 60 days till the Halvening and coins are cheap af.

Actually, it is about 48 months till the halvening that matters. However, the 2020 halvening may still cause a rally from, say, $4k to $8k (the numbers are wild guesses, it may be from $3k to $12k).

[OutOfMemory]

As i stated before, "resistance" is completely virtual and, most important, momentarily.
And even if you consider "resistance" as resistance, it slowed down and degraded the dip by several %.
Or did you like to see corn falling to $5k and below?

Today, thus far, its been more accurate to say that resistance was at $6100, $6000 and $5950... We didn't get our first bounce until about $6100... This guy is claiming the resistance was $6400 just because it fits his previous predictions -- not because the resistance was actually there.

Agree. That didn't come out as clear to me from the previous posts.
I was able to up my BTC holdings by a fraction of my "trading reserve" at an exchange.
I'm prepared now for further rise or fall. Good thing i was at home and had time for SOMA analysis, which made me do the right thing just a couple of minutes before the dump started. I made market rebuys, unfortunately, but the "loss" is not really high, especially in contrast to the gains.

[bitcoinPsycho]

[

[OutOfMemory]

I just fear that almost nobody is in the mood to buy but hodlers.
Most big players will likely stay invested but keep their hands off the buy button.
Average joe will be scared by todays dump 

[Icygreen]

I'm either handling this dip and the virus like a Chad or I'm about to get seriously bent.  
BBQ, scotch, music, SO, health, time. Fuck the world and its problems, don't forget to enjoy yourself.

[Paashaas]

Atleast the premium version of Pornhub is free for Italians now lol

[Wekkel]

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

https://i.imgur.com/D09SNt8.png

Nailed it. If this recovers quickly in a day or so, this was the official end of the bear market.

I know I bought more for sure.

[Ibian]

Just talked to my old man, they went out and stocked up on food a few days ago. Today, everything is gone. Just a huge mob of people everywhere trying to grab whatever is still left. So glad they listened to me before it was too late. Thanks to everyone helping with keeping people informed.

[jojo69]

ulp

[Cryptotourist]

I can't believe the Bargain Boyz got their shot.

OTOH, so happy for the discounted extra coins.
Fiat hit exchange so fast, I didn't even blink.

We have our double bottom on the 200 WMA.
THANK YOU WHALES. YOU MAY FUCK OFF NOW.

[TopTort777]

Everyone this morning



Wtf is this? Why this price dump happened? At first I thought it is once again connected with oil price drop, but oil didn't drop so dramatically.
Another hit by COVID-19 ? Looks unreal, because Swine influenza had larger numbers of fatalities and greater numbers of infected.

[Yaplatu]

Bitcoin is dead  It's time for sell off...

[mindrust]

We should bounce from here as the master suggests or else we are seriously fucked and I am not kidding.

If any of you were shy till now and always wanted to get in cheap, that's your chance.

[vapourminer]

was that like a thousand dollar drop in like 10 minutes?

lol reminds me of the old days.

[somac.]

was that like a thousand dollar drop in like 10 minutes?

lol reminds me of the old days.

Question is though, is it over.

[OutOfMemory]

was that like a thousand dollar drop in like 10 minutes?

lol reminds me of the old days.

Question is though, is it over.

Just wanted to say the same.
SOMA it's not yet over.

[heslo]

was that like a thousand dollar drop in like 10 minutes?

lol reminds me of the old days.

Question is though, is it over.

Hope so, I'd be rather unhappy if it went any lower. I'm still way in the black but it's just not a nice look  

[JL0]

Update from Masterluc 1 Min ago

https://www.tradingview.com/chart/BTCUSD/iNSP9waV-Historical-IV-almost-completed/

+10 Merits ? God bless you and thank you so much