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

[FullNode]

Norway Now Holds 16981 Sats per Norwegian Citizen As a Result of Govt.’s Stake in Square & MicroStrategy

The Norwegian Oil Fund, a government pension fund created back in the 1990s to invest the surplus generated from the petroleum sector for the citizens. The pension fund as of today is worth over $1 trillion in assets bought 2.14% ownership stakes in MicroStrategy and 0.8% stake in Square. The part ownership in the software company and the bitcoin payment app has made the Norwegian government indirect owners of almost 912 bitcoins.

https://coingape.com/norway-now-holds-16981-sats-per-norwegian-citizen-as-a-result-of-govt-s-stake-in-square-microstrategy/

[1713919886]

1713919886

[friends1980]

Good morning WO...

Bitcoin Price in this day... 14 December


What do you think, What is the probability that we will meet the same price in 1 day?

Are you trying to say that you intend to post this chart every day in order to monitory if BTC prices strike the same price in any day on an annual basis?  That would be close to an irrelevant metric.. sure most of the time, BTC prices end up being hire, but sometimes there could be a 4 year stretch in order for BTC prices to be higher in a subsequent annual basis... So far in BTC history the BTC price has never been lower 4 years later, but in the end, so fucking what?  Such a trend need not last forever, even though such trend is a part of BTC's current price history that we can see on the charts.

I find it interesting! And Yes... I will do it... Day after day
At this stage of my enthusiasm, I believe I will find this day!)

I think it would be better to post it 5 times a day, but once a day will probably be more than enough to see clear trends of pissed-off people!

Now that's what I...

Now that's what I call FA.

[philipma1957]

Norway Now Holds 16981 Sats per Norwegian Citizen As a Result of Govt.’s Stake in Square & MicroStrategy

The Norwegian Oil Fund, a government pension fund created back in the 1990s to invest the surplus generated from the petroleum sector for the citizens. The pension fund as of today is worth over $1 trillion in assets bought 2.14% ownership stakes in MicroStrategy and 0.8% stake in Square. The part ownership in the software company and the bitcoin payment app has made the Norwegian government indirect owners of almost 912 bitcoins.

https://coingape.com/norway-now-holds-16981-sats-per-norwegian-citizen-as-a-result-of-govt-s-stake-in-square-microstrategy/

Nice an entire country’s population has a piece of bitcoin.

[AlcoHoDL]

In my personal view, Bitcoin TA = Rolling a dice.

I never analyze charts, not even those posted here in WO. The only predictions I can accept as useful, are those based on math & science (e.g., long-term rises after Halvings), and those based on major news events (e.g., PayPal adopting Bitcoin).

When it comes to Bitcoin, cups, handles, shoulders, Barts, Ichimoku clouds, Fibonacci sequences and all the rest of it, is just rolling a dice and (sometimes, less often than not) getting lucky. And we, humans, tend to stick to the lucky guesses and give names to them and create crystal balls to predict the future...

Bitcoin is a new, different kind of beast. I say, stick to what works, be patient, trust math & science, hold on to your keys and wait it out.

tl;dr: HoDL.

[FullNode]

Norway Now Holds 16981 Sats per Norwegian Citizen As a Result of Govt.’s Stake in Square & MicroStrategy

The Norwegian Oil Fund, a government pension fund created back in the 1990s to invest the surplus generated from the petroleum sector for the citizens. The pension fund as of today is worth over $1 trillion in assets bought 2.14% ownership stakes in MicroStrategy and 0.8% stake in Square. The part ownership in the software company and the bitcoin payment app has made the Norwegian government indirect owners of almost 912 bitcoins.

https://coingape.com/norway-now-holds-16981-sats-per-norwegian-citizen-as-a-result-of-govt-s-stake-in-square-microstrategy/

Nice an entire country’s population has a piece of bitcoin.

It is a good way, if the investment companies distribute a part of their dividends in bitcoin to their clients, the adoption will be higher, soon the satoshis will begin to have prominence

[bitebits]

In my personal view, Bitcoin TA = Rolling a dice.

I never analyze charts, not even those posted here in WO. The only predictions I can accept as useful, are those based on math & science (e.g., long-term rises after Halvings), and those based on major news events (e.g., PayPal adopting Bitcoin).

When it comes to Bitcoin, cups, handles, shoulders, Barts, Ichimoku clouds, Fibonacci sequences and all the rest of it, is just rolling a dice and (sometimes, less often than not) getting lucky. And we, humans, tend to stick to the lucky guesses and give names to them and create crystal balls to predict the future...

Bitcoin is a new, different kind of beast. I say, stick to what works, be patient, trust math & science, hold on to your keys and wait it out.

tl;dr: HoDL.

I drew a straight line from $1k to $1000k a long time ago. Has worked out quite well I must say.

[AlcoHoDL]

In my personal view, Bitcoin TA = Rolling a dice.

I never analyze charts, not even those posted here in WO. The only predictions I can accept as useful, are those based on math & science (e.g., long-term rises after Halvings), and those based on major news events (e.g., PayPal adopting Bitcoin).

When it comes to Bitcoin, cups, handles, shoulders, Barts, Ichimoku clouds, Fibonacci sequences and all the rest of it, is just rolling a dice and (sometimes, less often than not) getting lucky. And we, humans, tend to stick to the lucky guesses and give names to them and create crystal balls to predict the future...

Bitcoin is a new, different kind of beast. I say, stick to what works, be patient, trust math & science, hold on to your keys and wait it out.

tl;dr: HoDL.

I drew a straight line from $1k to $1000k a long time ago. Has worked out quite well I must say.

Yeah, exactly my point. Trying to predict a random process (such as noise, or Bitcoin volatility) is futile. Just Zoom Out^TM, and enjoy the long-term upward trend line that is governed and guaranteed by math & science. Your prediction is probably one of the most accurate ever made.

[anonymous3x]

[LFC_Bitcoin]

Casually stable-coining away at low $19,000’s. I’m starting to think we’ll see an explosive move north of $25,000 by the end of February 2021.

What do you think guys?

[bitcoinPsycho]

UK quiz show "the chase" just now



Anyone here knows the answer?

She said   the Olson twins

[soullyG]

Casually stable-coining away at low $19,000’s. I’m starting to think we’ll see an explosive move north of $25,000 by the end of February 2021.

What do you think guys?

Spot on!

The ~7 week rise and slow stable march to meet the 20 week MA, is looking a lot like the one we had from ~$3k through $10k+, but the only difference is that this time we're at ATH and everyone is sitting watching it with their fingers on the triggers:



Who is going to be the last one to buy under $20k? Look at 27th July this year, don't let it be you on the wrong side of that candle

[True Myth]

In my personal view, Bitcoin TA = Rolling a dice.

I prefer my magic 8 ball. I can shake it until I get the answer I want 

[cAPSLOCK]

Casually stable-coining away at low $19,000’s. I’m starting to think we’ll see an explosive move north of $25,000 by the end of February 2021.

What do you think guys?

Spot on!

The ~7 week rise and slow stable march to meet the 20 week MA, is looking a lot like the one we had from ~$3k through $10k+, but the only difference is that this time we're at ATH and everyone is sitting watching it with their fingers on the triggers:



Who is going to be the last one to buy under $20k? Look at 27th July this year, don't let it be you on the wrong side of that candle

[STT]

Anyone here knows the answer?

She said   the Olson twins

Bitcoin is still relatively obscure as a topic and in usage.   Some people find that bullish but Im more encouraged when we are involving more of the population usefully.

I never analyze charts, not even those posted here in WO. The only predictions I can accept as useful, are those based on math & science

Thats what I studied, it is maths so far as I know but the conclusions can be poorly constructed.    The best take on stats is keep it simple.   Anything below weekly bars on a chart doesnt equate to random action but its closer to a game or bet to spot valid trades as they can disappear into insignificance easily.    BTC moves on surprisingly large time frames seems like.

https://en.wikipedia.org/wiki/Fibonacci_number  https://en.wikipedia.org/wiki/Blaise_Pascal#Probability

They are both hundreds to thousands of years old so observable and valid imo but do they apply to charts we draw up, does anyone have the skill to use them properly I wouldnt argue too much about.
Theres an argument if markets resemble a natural system to which probability could apply.    The reason it is natural is because people are involved and our actions somehow repeat the nature of theories first drawn hundreds of years ago so theres some advantage in being aware of repeated actions.

Im boring but watch this short demo, consensus moves markets

[Toxic2040]

2017 ATH we only had 1 daily average above 19k and only 2 daily averages above 18k

this time we had so far 7 daily averages above 19k and 12 daily averages above 18k

that is 3 days during December 2017 in contrast to 19 days currently.


question to WO TA experts:

does this still resemble a potential double top?  are there rules on how many candles can be counted to form a double top? we have been up there only 3 days before, but now ist almost 3 weeks. can it be even compared?

#dyor
D


inverse patterns
1h

#stronghands

[OutOfMemory]

I suggest some move coming up soon. triangle due to close @ $19.200.
traders and bots will see this.
So far buying pressure is low, so could go either way.

I am curious, watching until midnight GMT.

EDIT: I don't really like the flat RSI. How long could it stay like that?

EDIT2: Most likely: Observing boring sideways "action" until i fall asleep, only to wake up to 10+ new pages on WO to backread 

[JimboToronto]

In my personal view, Bitcoin TA = Rolling a dice.

I prefer my magic 8 ball. I can shake it until I get the answer I want  

TA works like that too.

Keep drawing lines on a chart and sooner or later it will tell you what you want to hear.

[OutOfMemory]

In my personal view, Bitcoin TA = Rolling a dice.

I prefer my magic 8 ball. I can shake it until I get the answer I want  

TA works like that too.

Keep drawing lines on a chart and sooner or later it will tell you what you want to hear.

TA works retrospectively. It can always only narrow down past "patterns" (how i hate this term) to n-x options.
One can also just see it like "it will go up, it will come down".

Few understand this.

Many believe to predict the future using TA, but this only works more often than not because a certain part of "the market" reacts to the same TA "signals" in a similar way, and also others, in contrast, adjust to that, too. Some try to find the perfect combination for buying, others use that for selling and vice versa.

[LFC_Bitcoin]

Don’t be an absolute beta male like this guy ——->


https://twitter.com/rockerest/status/91885405368098816?s=21

HODL like an alpha!

Fiat is dumpster fire money, all in on bitcoin before this train leaves the station!

[OutOfMemory]

Don’t be an absolute beta male like this guy ——->

[some snipped dude from titter]

HODL like an alpha!

Fiat is dumpster fire money, all in on bitcoin before this train leaves the station!

I'd say the train has already left the station, but it's still so slow that people are still able to jump on.