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

[serveria.com]

When has the top of a cycle ever been just over 2 x the previous cycle high? Come on guys, you’re better than this FFS. This is just a regular (close to) 30% correction which happens multiple times in a bull run.

Rinse & repeat guys, we’re only at the second significant dip of this bull run (post halving).

This is the last bull run



You’ll see multiple significant corrections on the way up to $19,xxx.

Some of you have been in bitcoin even longer than me. Sack up FFS!

My calculations show that the correction from 58 400 to 43 000 is 26.3%. This doesn't even qualify for a significant 30%+ correction! And the claim that this is the end of the bull cycle is too premature and quite bearish. The support down to 40K looks pretty solid compared to the sell pressure, if we look at the depth charts of the main exchanges (even Bitstamp). So most probably we are going sideways for some time before resuming the bull run. My bullish expectations are 150-168K at the end of June and 333K-400K at the end of the year. The worst I can imagine for this year is half of the latter prices, i.e. 84K in June and 168K at the end of the year. However, we are on the track for the first scenario, and these 2 little corrections only improve the chances for that. #provenbymathandscience

Totally agree.. it's a shame legendary guys like Elwar calling the top now... what a disgrace 

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[BitcoinHodler]

it is funny to watch the bloodshed in altcoin market each time bitcoin has ups or downs.

considering that altcoin dumps are bigger this year i guess more people are catching on that they should sell their alt bags when bitcoin rises or falls.

[Parazyd]

it is funny to watch the bloodshed in altcoin market each time bitcoin has ups or downs.

considering that altcoin dumps are bigger this year i guess more people are catching on that they should sell their alt bags when bitcoin rises or falls.

https://twitter.com/TheCryptoBubble/status/1245475845273079808

[friends1980]

I am going to remodel one of my bathrooms this year and a key reason is to put a power outlet near the toilet so I can try one of those $300 Japanese heated, vented, powder your ass with gold bidets.

I've got one of those but you probably mean $3000 which will only get you started.

[El duderino_]

When has the top of a cycle ever been just over 2 x the previous cycle high? Come on guys, you’re better than this FFS. This is just a regular (close to) 30% correction which happens multiple times in a bull run.

Rinse & repeat guys, we’re only at the second significant dip of this bull run (post halving).

This is the last bull run



You’ll see multiple significant corrections on the way up to $19,xxx.

Some of you have been in bitcoin even longer than me. Sack up FFS!

My calculations show that the correction from 58 400 to 43 000 is 26.3%. This doesn't even qualify for a significant 30%+ correction! And the claim that this is the end of the bull cycle is too premature and quite bearish. The support down to 40K looks pretty solid compared to the sell pressure, if we look at the depth charts of the main exchanges (even Bitstamp). So most probably we are going sideways for some time before resuming the bull run. My bullish expectations are 150-168K at the end of June and 333K-400K at the end of the year. The worst I can imagine for this year is half of the latter prices, i.e. 84K in June and 168K at the end of the year. However, we are on the track for the first scenario, and these 2 little corrections only improve the chances for that. #provenbymathandscience

Totally agree.. it's a shame legendary guys like Elwar calling the top now... what a disgrace 

Indeed..... maybe something went wrong or bumped he’s had walking around in the crew cabines of that cruise ship or something, hope he gets well fast....

[Arriemoller]

Now, now, be nice to Elwar.

[airfinex]

My calculations show that the correction from 58 400 to 43 000 is 26.3%. This doesn't even qualify for a significant 30%+ correction! And the claim that this is the end of the bull cycle is too premature and quite bearish. The support down to 40K looks pretty solid compared to the sell pressure, if we look at the depth charts of the main exchanges (even Bitstamp). So most probably we are going sideways for some time before resuming the bull run. My bullish expectations are 150-168K at the end of June and 333K-400K at the end of the year. The worst I can imagine for this year is half of the latter prices, i.e. 84K in June and 168K at the end of the year. However, we are on the track for the first scenario, and these 2 little corrections only improve the chances for that. #provenbymathandscience

I hope you are wrong dude, I pray to god that bitcoin goes back to 10 thousand and can buy more.

[macson]

https://twitter.com/BrianLockhart/status/1365944242560847872?s=20

You said "Doge"-what now??    

if it's not #Bitcoin then it's a shitcoin

https://twitter.com/spinte7/status/1366296288258633729

[somac.]

My calculations show that the correction from 58 400 to 43 000 is 26.3%. This doesn't even qualify for a significant 30%+ correction! And the claim that this is the end of the bull cycle is too premature and quite bearish. The support down to 40K looks pretty solid compared to the sell pressure, if we look at the depth charts of the main exchanges (even Bitstamp). So most probably we are going sideways for some time before resuming the bull run. My bullish expectations are 150-168K at the end of June and 333K-400K at the end of the year. The worst I can imagine for this year is half of the latter prices, i.e. 84K in June and 168K at the end of the year. However, we are on the track for the first scenario, and these 2 little corrections only improve the chances for that. #provenbymathandscience

I hope you are wrong dude, I pray to god that bitcoin goes back to 10 thousand and can buy more.

You had your chance for years, it's still not too late to get on board at these prices. In fact, it's never too late to get on board. Bitcoin is here to protect you from government corruption, and to prevent your labor being devalued by the elites. Even at 1 million Bitcoin is still a good buy.

[El duderino_]

Now, now, be nice to Elwar.

Always nice to the brother.... but we must not agree on everything, I didn’t said something wrong did I?

Just said he maybe bumped his head in the cabins of the crew, it’s a bit lower there etc so might happened, from there he maybe saying ATH in the start of a bull run etc

Btw it’s j/k

But also calling 2 times ATH at the two tops.... 

[600watt]

Totally agree.. it's a shame legendary guys like Elwar calling the top now... what a disgrace 

wtf are you talking here? he can call the top whenever he wants. he is not presenting it as a fact, he does not try to convince any noob to sell. it is just his opinion and he is entitled to have one, as you do, too.

shame and disgrace are not the words that should be used here.

there was a popular moderator of the speculation subforum in 2017 that was calling the top at 2500 USD.  and there were folks that followed his explanations and sold out.

[Wilhelm]

My calculations show that the correction from 58 400 to 43 000 is 26.3%. This doesn't even qualify for a significant 30%+ correction! And the claim that this is the end of the bull cycle is too premature and quite bearish. The support down to 40K looks pretty solid compared to the sell pressure, if we look at the depth charts of the main exchanges (even Bitstamp). So most probably we are going sideways for some time before resuming the bull run. My bullish expectations are 150-168K at the end of June and 333K-400K at the end of the year. The worst I can imagine for this year is half of the latter prices, i.e. 84K in June and 168K at the end of the year. However, we are on the track for the first scenario, and these 2 little corrections only improve the chances for that. #provenbymathandscience

I hope you are wrong dude, I pray to god that bitcoin goes back to 10 thousand and can buy more.

I hear people say this all the time. Then when it crashes down to that level I tell them to buy and then they say "It's crashed I'm not putting my money in that!?!?" and then when it rockets up again they will claim to wait for it to go down again.

Excuses won't make you rich...

[airfinex]

I hear people say this all the time. Then when it crashes down to that level I tell them to buy and then they say "It's crashed I'm not putting my money in that!?!?" and then when it rockets up again they will claim to wait for it to go down again.

Excuses won't make you rich...

I would never say that, I just didn't have enough dollars when bitcoin was at the bottom.

[Phil_S]

$58000 being the top is just out of the question. It's impossible. We're going higher to at least 6 digits guys! 

Indeed!



It's a long way to the top if you wanna rock 'n' roll.

[airfinex]

It's a long way to the top if you wanna rock 'n' roll.

When, then, do you think an 80% correction will occur?

[Paashaas]

E-commerce giant Rakuten now lets users shop with Cryptocurrency.

https://www.coindesk.com/e-commerce-giant-rakuten-now-lets-users-shop-with-cryptocurrency

[Phil_S]

When, then, do you think an 80% correction will occur?

After the top!

If it occurs, at all.

No guarantee.

[heslo]

I really fucking like this guy...

https://twitter.com/axios/status/1366173335944593410

Mayor @FrancisSuarez who wants Miami to embrace bitcoin, pushes back on Yellen calling it “extremely inefficient”:

“It doesn't surprise me at all that a Treasury secretary would find a decentralized potential currency to be hostile to a currency that they control.”

[dieselmeister]

https://twitter.com/BTC_Archive/status/1366345002075500547

Citibank recognize Bitcoin as digital gold!

[airfinex]

When, then, do you think an 80% correction will occur?

After the top!

If it occurs, at all.

No guarantee.

I expected someone to share the analysis and not just words.