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

[eXPHorizon]

What's this? No one has posted the dude-jumping-out-window gif yet.

(....for the billionth time)

Ask and you shall Receive

[Phil_S]

Also, it's not being "extreme left" to prevent people from organizing a coup and lynchings, it's called civilization.

This whole thing is heading towards War of Terror 2.0 domestic edition.

There will be Patriot Act 2.0 and then 3.0 and there will be bitcoin sections in them, no doubt.

They already started to block some rioters PayPal and Venmo accounts.

Will they go after bitcoin next? We'll see.

They can't destroy bitcoin, but they can choke the retail usage by over-regulating it. "Accredited investors" will be fine, of course.

The US likes to go from one extreme to the other, it seems. Maybe a bit more moderation could have prevented that ? Deleting Trump's racist tweets starting 10 years ago for example, or at least putting the disclaimers they now put ?

They always wanted Twitter ban, and they finally found a good enough excuse.

This is from 2019:
https://www.vox.com/policy-and-politics/2019/10/16/20917492/kamala-harris-elizabeth-warren-trump-twitter-democratic-debate

Harris and Sen. Elizabeth Warren (D-MA) clashed at Tuesday’s Democratic debate when the California senator tried to push her Massachusetts counterpart to call for the president’s Twitter account to be suspended.

[Biodom]

WARNING!

My market analysis shows that we are within 0-15 days of the downturn.

Before that we can go to anywhere between 34.5K and 128K (basically 1-4X)..1x obviously means that we turn tomorrow or even later in the night, but 4x and 128K is almost equally probable, IMHO. An arithmetic average between these two numbers is about 80K, which is slightly above my prior range of 50-70K medium top, but I thought that this local top would be only in March, but it is close to impossible now as the digital assets market where btc is not less than 69% weighting and much more if you remove stablecoins is completely feverish for an unknown reason.

It is not just bitcoin anymore. Everything is crazy, very similarly to Jan 2018.
To ignore the whole market behavior is not possible as it was wrong to ignore the Nasdaq behavior in 2000 when your favorite large cap was still outperforming.

Market is telling us that this will not continue for much longer, sorry that it was kind of short-lasting even if we will squeeze it up to 50-100K in the interim.
Bottom by the spring at 1/2 or even 1/3 if we peak at 100-120K, maybe a second run in the fall.

hey, it happened from 42K and at the 7th day.
Therefore, it is from a smaller high, so the downturn is less likely to reach 50%, maybe we already hit it at around 29.3%. We shall see.
Now, the NUPL will reset, which is a good thing, resulting in a higher high possibility.

[soullyG]

What's this? No one has posted the dude-jumping-out-window gif yet.

(....for the billionth time)

...buying the dip 

[El duderino_]

[serveria.com]

I reckon we are heading back to 18-19K.

Note that is STILL double the price than most of last year.

A good target to buy I think (and below).

$19k is around -60% from local top. Which is hardly possible in a bull market. Possibilities are:

a) you are totally retarded
b) you are a paid shill on a mission to spread FUD and scare away noobs

 

[Dabs]

hey, it happened from 42K and at the 7th day.

I'm listening. (Or reading.) What's next?

[serveria.com]

You heard it here first. 



Source: https://twitter.com/RookieXBT

Buying this time and at this moment can be a suicide tho , but yeah no pain no gain !

Buying BTC AT ANY PRICE is profitable. It's just a matter of time. 

[LFC_Bitcoin]

[milkshock100]

I think we may well be out of the woods

[Paashaas]

Relax, corn is just doing his thing.

[Biodom]

hey, it happened from 42K and at the 7th day.

I'm listening. (Or reading.) What's next?

I guess that you did not read beyond the first phrase, lol.

Well, we can either build back from here or go to a 40% correction at $25.2-25.5K.
If a sharp down to 25, then the rebound would be equally sharp, but if we hang around here at 30-33k for a while, then we might rebuilt slower at first.
Does it matter? Not really, as it is still much more likely that we will end the year much higher.

[Torque]

I was waiting for an article with the MSM's favorite word when reporting on Bitcoin, "plunge".

Bitcoin Plunge Deepens Beyond 20%, Shaking Faith in Crypto Boom
https://finance.yahoo.com/news/two-day-bitcoin-plunge-shakes-042414396.html

“Time to take some money off the table,” Scott Minerd, chief investment officer with Guggenheim Investments, said in a tweet from his verified Twitter account. “Bitcoin’s parabolic rise is unsustainable in the near term.”

OMG, it's shaking the faith, guys. Shaking faith. Best to get out now. 

[BobLawblaw]

This really needs a third panel, with something absolutely hideous, and label it BSV. I loaded a couple images up and was gonna try to put something together in Photoshop, but gotta be honest, I'm kinda working on other projects today, and, well... yeah.

[Gyrsur]

hey, it happened from 42K and at the 7th day.

I'm listening. (Or reading.) What's next?

I guess that you did not read beyond the first phrase, lol.

Well, we can either build back from here or go to a 40% correction at $25.2-25.5K.
If a sharp down to 25, then the rebound would be equally sharp, but if we hang around here at 30-33k for a while, then we might rebuilt slower at first.
Does it matter? Not really, as it is still much more likely that we will end the year much higher.

IF it was the bottom we can expect the price back at $42k at 2/13 latest, IMHO.



EDIT: my claim in this bull market is to identify the support levels for the burst of the bubble beforehand. 

[aesma]

Octopus is for sale. I need moar BTC !



In truth I want the same one but with sails.

Also, it's not being "extreme left" to prevent people from organizing a coup and lynchings, it's called civilization.

This whole thing is heading towards War of Terror 2.0 domestic edition.

There will be Patriot Act 2.0 and then 3.0 and there will be bitcoin sections in them, no doubt.

They already started to block some rioters PayPal and Venmo accounts.

Will they go after bitcoin next? We'll see.

They can't destroy bitcoin, but they can choke the retail usage by over-regulating it. "Accredited investors" will be fine, of course.

The US likes to go from one extreme to the other, it seems. Maybe a bit more moderation could have prevented that ? Deleting Trump's racist tweets starting 10 years ago for example, or at least putting the disclaimers they now put ?

They always wanted Twitter ban, and they finally found a good enough excuse.

This is from 2019:
https://www.vox.com/policy-and-politics/2019/10/16/20917492/kamala-harris-elizabeth-warren-trump-twitter-democratic-debate

Harris and Sen. Elizabeth Warren (D-MA) clashed at Tuesday’s Democratic debate when the California senator tried to push her Massachusetts counterpart to call for the president’s Twitter account to be suspended.

The Dems don't control Twitter. Money does. Trump was making them money, but now, enough advertisers have threatened to bail on them.

[True Myth]

I was waiting for an article with the MSM's favorite word when reporting on Bitcoin, "plunge".

Bitcoin Plunge Deepens Beyond 20%, Shaking Faith in Crypto Boom
https://finance.yahoo.com/news/two-day-bitcoin-plunge-shakes-042414396.html

“Time to take some money off the table,” Scott Minerd, chief investment officer with Guggenheim Investments, said in a tweet from his verified Twitter account. “Bitcoin’s parabolic rise is unsustainable in the near term.”

OMG, it's shaking the faith, guys. Shaking faith. Best to get out now. 

Love when "the experts" make predictions after it already happens...

Every time this happens it actually builds the Bitcoin faith base.  You can only go through so many 20%+ drops and rebound so many times until your reaction becomes "Meh, this again..."

[Paashaas]

I was waiting for an article with the MSM's favorite word when reporting on Bitcoin, "plunge".

Bitcoin Plunge Deepens Beyond 20%, Shaking Faith in Crypto Boom
https://finance.yahoo.com/news/two-day-bitcoin-plunge-shakes-042414396.html

“Time to take some money off the table,” Scott Minerd, chief investment officer with Guggenheim Investments, said in a tweet from his verified Twitter account. “Bitcoin’s parabolic rise is unsustainable in the near term.”

OMG, it's shaking the faith, guys. Shaking faith. Best to get out now. 

CNN headline.

lol.


https://edition.cnn.com/2021/01/11/investing/bitcoin-prices-plunge/index.html

[BobLawblaw]

OMG, it's shaking the faith, guys. Shaking faith. Best to get out now. 

[eXPHorizon]

Octopus is for sale. I need moar BTC !



In truth I want the same one but with sails.

Great Taste !

I'd love a Brig like this


If you ever need a Butler let me know hehe