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

[proudhon]

I hope we're not in for years of slow downward slide again. That was demoralizing.

This is going to be THE downward slide. If you don't want to be demoralized, then sell everything, or aggressively short at maximum leverage. There will not be another bull run.

[Torque]

OT: It's laughable that people put any faith or trust in what the MSM has to say about the economy or markets.

Saw this on CNBC.com, two article headlines, same page, literally side-by-side:

[Torque]

So much for Lambos. Carvana totally fucked up my car purchase and it was only a used VW. Bonus in Bitcoin tripling between when I withdrew the funds for purchase and when it almost happened.

I'm a VW fan. Which model?

[rdbase]

Laser Eyes... Sha La La... Sha La La...
Laser Eyes...

https://youtu.be/zOrZ-nCp-_U

So your the one who started all this laser eyes discussion going on lately?
Not that's a bad thing but those memes of CSW going crossed eyed and zapping his own brain doing a lightbender thing is just...
Bloody brilliant!

[Richy_T]

So much for Lambos. Carvana totally fucked up my car purchase and it was only a used VW. Bonus in Bitcoin tripling between when I withdrew the funds for purchase and when it almost happened.

I'm a VW fan. Which model?

It was a TDI Sportwagen. Still is, I guess . They delayed delivery three times so I cancelled. Then I saw they'd actually got it fairly close so I called to give them another chance but apparently they're not competent enough to swing that so it's showing as purchased by someone else now. Ah well, there are other cars. Cashing out for nothing stings though.

I'm hoping someone local bought it so at least they'd be screwed out of the delivery charge for getting it from Nevada.

[Sayeds56]

I hope we're not in for years of slow downward slide again. That was demoralizing.

Downtrend may continue to 42K level  which is a  strong support. If this level  remains in tact for few days then new upward journey will take BTC to new highs.



https://www.tradingview.com/chart/BTCUSD/bJyM1Wj8-BITCOIN-The-Critical-Zone-Detailed-Video/

[philipma1957]

Just purchased the dip at 46.3k

I sent up to buy

at 44.2k
at 42.2k

Cheap coins yeah baby.

[Torque]

So much for Lambos. Carvana totally fucked up my car purchase and it was only a used VW. Bonus in Bitcoin tripling between when I withdrew the funds for purchase and when it almost happened.

I'm a VW fan. Which model?

It was a TDI Sportwagen. Still is, I guess . They delayed delivery three times so I cancelled. Then I saw they'd actually got it fairly close so I called to give them another chance but apparently they're not competent enough to swing that so it's showing as purchased by someone else now. Ah well, there are other cars. Cashing out for nothing stings though.

I'm hoping someone local bought it so at least they'd be screwed out of the delivery charge for getting it from Nevada.

Cool...I'm a GTI/GLI fan. Currently have GLI. Love it.

[Biodom]

Someone, maybe Peter Brandt calls it: strong opinions, weakly held.
Here is one (may not be popular):

My default scenario was btc going to $70-85K before May, then correcting to maybe 45K, then going to 150-200K in a double hump (a la 2013 scenario) but, admittedly, we were going up a tad too fast and s-tcoins were not helping by overheating at the same time.

Now, my secondary scenario is that we might correct deeper here (with out first run being 3.1K to 58K or 3.8K to 58K if you count from March 2020).
Since we did not climb too high, the correction might be milder (to 33-40K), followed by the last (this cycle) hurrah to $140-200K, weather permitting.

Somehow both stock market and bitcoin feel bearish, which could be temporary...or not.
Strangely enough, it looks like 1.9 tril stimulus is already "priced in", which is a surprise, I was thinking that there would be another bump.

In addition, COIN listing might suck out some institutional liquidity from btc as WS would go for "picks and shovels" instead of the actual coin.

Not selling, or buying.

[Sayeds56]

Someone, maybe Peter Brandt calls it: strong opinions, weakly held.
Here is one (may not be popular):

My default scenario was btc going to $70-85K before May, then correcting to maybe 45K, then going to 150-200K in a double hump (a la 2013 scenario) but, admittedly, we were going up a tad too fast and s-tcoins were not helping by overheating at the same time.

Now, my secondary scenario is that we might correct deeper here (with out first run being 3.1K to 58K or 3.8K to 58K if you count from March 2020).
Since we did not climb too high, the correction might be milder (to 33-40K), followed by the last (this cycle) hurrah to $140-200K, weather permitting.

Somehow both stock market and bitcoin feel bearish, which could be temporary...or not.
Strangely enough, it looks like 1.9 tril stimulus is already "priced in", which is a surprise, I was thinking that there would be another bump.

In addition, COIN listing might suck out some institutional liquidity from btc as WS would go for "picks and shovels" instead of the actual coin.

Not selling, or buying.

You secondary Scenario looks very convincing from Technical point of view but I think correction will not extend to 33K, 42K is very strong support. Technical Indicators are Science of Probability not certainty and this is crypto space which always comes with surprise. You never know what tomorrow brings for you.

[Richy_T]

Cool...I'm a GTI/GLI fan. Currently have GLI. Love it.

I have a 2000 TDI. Like it a lot, know it inside-out but it's definitely showing its age. Promised to reward myself when we hit 20k. Was hoping to use it for a trip we just took but yeah...

Best bet might be to DCA and sell a little more coin and get a better car. Or I can just fix the 2000 up and spend the money on other stuff, I guess.

[gallianooo]

Someone, maybe Peter Brandt calls it: strong opinions, weakly held.
Here is one (may not be popular):

My default scenario was btc going to $70-85K before May, then correcting to maybe 45K, then going to 150-200K in a double hump (a la 2013 scenario) but, admittedly, we were going up a tad too fast and s-tcoins were not helping by overheating at the same time.

Now, my secondary scenario is that we might correct deeper here (with out first run being 3.1K to 58K or 3.8K to 58K if you count from March 2020).
Since we did not climb too high, the correction might be milder (to 33-40K), followed by the last (this cycle) hurrah to $140-200K, weather permitting.

Somehow both stock market and bitcoin feel bearish, which could be temporary...or not.
Strangely enough, it looks like 1.9 tril stimulus is already "priced in", which is a surprise, I was thinking that there would be another bump.

In addition, COIN listing might suck out some institutional liquidity from btc as WS would go for "picks and shovels" instead of the actual coin.

Not selling, or buying.

Agree with you, even if I don't see that much below of 40K$... Maybe a quick wick candle in the 37-39k area...

According to the dynamic, I would bet with a top (somewhere between 120-200K) early summer (june/july) instead of 2 waves, like 80-100K, correction and sideways 50K and go for the TOP in the 120-200K area end of the year.

Just my 2cents

[Richy_T]

Strangely enough, it looks like 1.9 tril stimulus is already "priced in", which is a surprise, I was thinking that there would be another bump.

A lot of the times when things are "priced in" it just means you don't feel the shock around the time of the event. Often, things aren't "priced in" enough and it takes a little while for reality to catch up with expectations. Certainly the last couple of halvings have been this way. Not sure how the stimulus is going to play into things. It's a *lot* of moolah being magiced out of nowhere though. One of the things that got me into Bitcoin was concern about how governments were printing money but inflation back then pales in comparison. The country (and others) are being looted.

[Torque]

So who here actually believes the $1.9T "stimulus package" will be printed at the 2.19% 30T interest rate?

Bueller? 

[BobLawblaw]

If we drop below $45k, I'm buying again. Not in a hurry to buy dip right now. It looks like we may be in a position to break ground mid-March on our ranch. Getting very excited.

[savetherainforest]

Forgot to mention, met these two dudes at a club last night. Pretty cool guys. Said they were brothers visiting from out of town.

                    

ROFL!

They look like they shorted Doge their whore life! <3

[Biodom]

So who here actually believes the $1.9T "stimulus package" will be printed at the 2.19% 30T interest rate?

Bueller? 

hard to say, maybe even lower at first, of course higher sometime later, but when?

[savetherainforest]

So who here actually believes the $1.9T "stimulus package" will be printed at the 2.19% 30T interest rate?

Bueller?  

hard to say, maybe even lower at first, of course higher sometime later, but when?

Too bad all of them will be invested in sh!tcoins.      

HueHueHueHueHueHuehuehueHUEEEEE!!!!!!    

[rdbase]

Forgot to mention, met these two dudes at a club last night. Pretty cool guys. Said they were brothers visiting from out of town.

ROFL!
They look like they shorted Doge their whore life! <3

Was waiting for somebody to notice this but..
Those are the blackish version of the Bogdanoff bros.

They have just adjusted to recent times with BLM and all the attention it has gotten at every step you go. These two are a crafty duo.
And everybody knows how much those two brothers just love their attentions to the excess of being wh0res of it.
Or just maybe it is them metamorphosing into their next step of evolution. They are the lizard men arent they?
Just getting ready for the sun on the red planet with that all-natural SPF1000+.
https://www.youtube.com/watch?v=IH8REfwqGEw

[smartcomet]

Coinbase S1 notes
https://twitter.com/lawmaster/status/1364918649425973249




So nearly 75% users are American, that is about 33M.