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

[JayJuanGee]

So, how's it going everyone?

Not so good.

Could you help out?

Say something inspiring.     

So, how's it going everyone?

You're having fun now aren't you?

Actually, it is funny why anyone would give any credit to proudhon... the nincumpoop.


He is not even correct about anything.


Yeah, he keeps saying down.. blah blah blah.


But so what... does not make him correct, merely because the price goes down.  He's been saying down since 2011 .. or  was it 2013? Wasn't it $10? Whatever.. who cares?  Proudhon is irrelevant, except maybe for funzies, and sure he was a reverse indicator for a few times, but he is not even that anymore with his consistent down proclamations that happen whether we are going down, up or sideways... but in any even, in the whole scheme of things, proudon is about as wrong as wrong happens to gets.

The bitcoin shaking machine was miscalibrated and ripped the tree out of the ground and now it's dead.

I actually like this one.  Nice.

Last time I mention this dude.

PS: I'm on the way of being rich again.

Great idea.

Let's (the royal one) focus our lil selfies on making friends1980 richie again.

hum a da hum a da hum a da

I am trying to focus here.,..

hum a da hum a da hum a da

how is is going?  Is it helping?

hum a da hum a da hum a da

[El duderino_]

.... let's face it when proudhorn is right we're back in a bear market, chart looks fucking ugly now

... Musk has fucked the pooch, it's gonna take years to dig out of here

... dilution through misdirection into total shit like eth and doge with the extreme musk green conjob FUD has done us in for now

... until the shitcoins die off and Musks fucks off to his next disaster btc needs to consolidate the pretenders out again

... it really does feel different this time, we've never had so much retard money in btc

Retard money will change in solid money

[LFC_Bitcoin]

Recovered to slightly above $40,000 again. I’m such a bi polar douche but I’m feeling bullish now. Imagine how many coins have exchanged hands from pathetic noobs to seasoned pros. Give it a couple of weeks for the dust to settle, this might be a good thing.

$150,000 by the end of 2021.

Only the bravest will succeed.

HODL.

[savetherainforest]

...Sup $ 37K!

           


How is laifu Jay??  ... Enjoying those $60K+ profits you took back in March / April??

[Biodom]

TLDR; A "cresting waves series" theory with progressively stronger waves. The lower bound for the next wave crest is projected at 170-510K (depending on a trough value) and upper bound is at 646K-1.94mil. This is for the current cycle, which might end up being the strongest of all, eventually.

Well, I am still not going to call it a secular bear, unless we go below 28-29K.
However, this bull is unique as it is the second wave within it that crests spectacularly, then crashes/troughs.
The first one was a crest in June-July 2019 (from 3K to 14K), then a trough in March 2020 (back to 3.8K).
This time, we crest at 65K (it even looks like a wave on a chart!) and now went down to 30-31.6K (Coinbase and Bitsmap both show 30, CMC 31.6) if I read it right.
So, say, it was 30.  Almost a complete retracement YTD, but still higher than prior ATH (20K).
Therefore, this cycle looks like a series of waves and not a smooth move.
It is possible that retrace is not complete and if so we might take some time to settle.

This "wave theory" would suggest that trough could be anywhere between 30K and a bit above 3.8K (purely theoretical, not a prediction, see more), but I favor the scenario that it would be above 20K, but I also outlined both 10K and 30K scenarios.

An any case, the third wave would then have to be the strongest (first wave-from 3.1 to 14 (X4.5), second from 3.8 to 65 (17X), then a third (strongest) from whatever it would be, but the multiplier in the series could be 64.6X (of course, it could be lower, but has to be above 17X in order for the thesis of progressively stronger waves to be correct).
Therefore, series projection (upper bound) would be something like this:
10K to 646K
OR
20K to 1.29mil (#3)
OR
30K to 1.94mil (#4)

Lower bound (if the third wave would be equal in strength to the second wave within this cycle):
10K to 170K
OR
20K to 340K  (#2)
OR
30K to 510K (my choice #1 with a caveat that the multiplier could be higher (>17X), but the starting price lower (<30K), so these two factor would balance each other out)

If (<1% probability) we would go all the way down to 4.5K (next in series starting with 3.1, 3.8, X), then next wave would be projected to crest at just 291K, not sure how many would be able to stand the plunge, though.

It all harks back to my reminiscences of a "At the crest of a the tidal wave" that I read with amusement, only it did not happen...so far and for the last 25-30 years or so!


 

[DireWolfM14]

Actually, it is funny why anyone would give any credit to proudhon... the nincumpoop.

Everybody knows it's Elon's fault.

Well, I am still not going to call it a secular bear

I think I saw it facing Mecca and doing Raka3ats.

[becoin]

... it really does feel different this time, we've never had so much retard money in btc

Fed has printed more than 4 trillion retard money this year alone.Besides Fed there are ECB, BOJ, BOE, SNB and many others printing more trillions. Retard money is everywhere not only in bitcoin. So, you're right. It is different this time. Expect price +50K within 10 days! And +100K by the end of this year!

[JayJuanGee]

No one loses if they don’t sell .... so nothing lost ...

Well.... no doesn't work so well for peeps who are fucking around with leverage.

Also many of us who have largely ONLY played with longs are largely NOT affected by these kinds of outrageous negative price performance matters, either.

There can be a considerable amount of comfort in almost exclusively working with longs  - but still tends to take years to get to the point of NOT feeling quite nervous about likely to be short-term 50% price drops.

This horse llama is dead.

Fixed that for you.. good buddy.

...Sup $ 37K!

           


How is laifu Jay??  ... Enjoying those $60K+ profits you took back in March / April??

What is laifu?.. oh you mean life. 

Gosh, it is going pretty damned good in terms of ongoing levels of just wonderful - can you imagine even a few years ago considering where we are at currently.  Sure, there was some positiveness, even in the summer of 2019 when the BTC price was shooting up to $13,880.. but it feels even moar gooder to actually see 3x to 6x higher prices than our summer of 2019 prices... even if we are likely only solidly on around 3x as I type..

But hey, if you think about the whole matter, I am thinking that the 208-week moving average would have been around $3k to $4k in mid-2019 and it was around $5k in March 2020 when it was breached for about a week or so.. but now the 208-week moving average is about $12,500.. so cannot really be complaining about some 208-weekly moving average thing going more than 3x in just two years.. holy shit.. that is pretty amazing, no? 

Regarding profits, I have not really been taking any profits, besides just following a system that attempts to serve as a kind of insurance practice.

In the past months, I have gotten enticed (or is it cajoled?) into a project though that had caused me some turmoils in recent times in terms of cashflow (or even cash reserve) considerations, but the cashflow and even the reserves seem to be so cushiony (and the timeline of aspects of the project seems sufficiently spaced out) that there is not really any need to panic, yet, and whatever I am doing with various tweaks of my ongoing system is likely going to play out sufficiently o.k... but still the whole matter has not completely ironed itself out and I would have surely preferred UPpity rather than DOWNity in the most recent action (or moves away from $60k-ish)- even though I still think that lemonade can still be of use, no?  It's kind of like summer time right now  - or at least very close, no?

[Toxic2040]

the one o'clock wall report at 1:45pm

#dyor

some new short short fibs
1h



4h



D double look



D

#stronghands

[Arriemoller]

Actually, it is funny why anyone would give any credit to proudhon... the nincumpoop.

Everybody knows it's Elon's fault.

This market was getting stupid, suchmoon, assmoon, shiba(knock off of doge?) like we jumped the shark from buzzword defis that had some tech and went straight to fucking idiots throwing their money at stupid shit again. Fucking Bitconnect all over again.

My mother in law called and asked me about bitcoin and my sister said she like doge because the dog on it and asked how to buy some. I was going to fucking move 10% of my holdings into cash on sunday but was calculating how to with the least tax impact (is btc to usdt a taxable event?) and well I didn't so ill just hodl all the way fucking down just like the last bear market.

This isn't a bear market you jellyhands, this was just a normal big dip in the normal cyclic every four year bull market.
Why would you even think that?

[rdluffy]

Well well well boys, for some reason this dip just doesn't sting like the last times, maybe after you've been through enough loops the ole rollercoaster isn't as thrilling.

This is exactly how I feel
I'm not an early adopter, I found about BTC only in 2017, but after some dips, and after some years of hodl, I'm not worried about this one
Nothing happened to BTC, only egocentric rich guy and China banning BTC, again, the same fud as always

I'm happy because I bought the dip, after a dip, after crash, and after another dip 

[UnDerDoG81]

Actually, it is funny why anyone would give any credit to proudhon... the nincumpoop.

Everybody knows it's Elon's fault.

This market was getting stupid, suchmoon, assmoon, shiba(knock off of doge?) like we jumped the shark from buzzword defis that had some tech and went straight to fucking idiots throwing their money at stupid shit again. Fucking Bitconnect all over again.

My mother in law called and asked me about bitcoin and my sister said she like doge because the dog on it and asked how to buy some. I was going to fucking move 10% of my holdings into cash on sunday but was calculating how to with the least tax impact (is btc to usdt a taxable event?) and well I didn't so ill just hodl all the way fucking down just like the last bear market.

Its kind of exchanges fault as well. Binance implementing shiba was a clear sign of greed. Looking at the big picture after the correction, the red flags are as obvious as fuck. Like with the wrong (cheating) girl in a relationship, afterwards you realize how many red flags you ignored

[Hueristic]

I must admit I got intrigued by the fact that he's been here for more than 10 years.

I would have thought the alpaca avatar would have tipped you off. That screams OG.

I've had avatars and sigs blocked for years.

[El duderino_]

... it really does feel different this time, we've never had so much retard money in btc

Fed has printed more than 4 trillion retard money this year alone.Besides Fed there are ECB, BOJ, BOE, SNB and many others printing more trillions. Retard money is everywhere not only in bitcoin. So, you're right. It is different this time. Expect price +50K within 10 days! And +100K by the end of this year!

I'm. with you

Cheers

[bkbirge]

Oh hai guys, 15 pages over the last day, wow, did something happen in the market?
 

[Makeitdjent]

WASO BEECONNEE!!!

https://www.youtube.com/watch?v=yIL9wLxG01M

You got me laugh sooo much, thanks

[El duderino_]

Tbh i'm never in favor for a DIP, though I very obviously understand that they are needed... Have experienced a lot of things last days, weeks, months.... Where do I start?

I always like the higher price valuations ... Though I hate selling or nearly never sell (When its needed at the most and still)
^But I think thats how a lot of hodlers think.

Now new people all need to be hardened or need to GTFO, cause every single "pleb" "n00b" "friend of a friend" "viewer of the news whom see a massive pump but never hear of BTC before" Etc Etc They are all in for quick and fast gains... Though they get greedy as price only rise and dips minimum so they stick with there investment and feast like nothing can go wrong, these are those people who needs to be shaken to there core... 1 of 10 maybe stay positively involved... Most run away with fear and re enter higher in a next massive UP trent to then again act the same until they sometimes understand after some punishments, maybe a truly fundamental knowing is "this isn't a get rich fast ride"

So I have set up a whatss app group for "crypto" only friends of me and two-three other "better hodler" (better not perfect, sometimes a bit of to much alt koolaid, but not the worst, they learned not more as 20% .... btw me I think MAX 2%)
But in this group growing fast some family and friends and...

Boy the fear that I have seen today, while I provided the TOP best info around BBTC and links from the forum and just best best the best to read articles, security, fundamentals etc (no one there knows i'm active here)
But like one of the lads is a car seller as main job (big BMW garage 100+ employees) I think 20-30% bought crypto except one or something they all sold bottom-ish today, also they where fighting kraken to re enter more high prices but couldn't log in etc cause you guys know exchanges and DIPS

But with these events I understand why we DIP like this, the trash truly need to be flushed out from the scene to truly have some solid base to build uppon....

I hodled 5 eth for I guy who works for me, last week he finally had an exchange account and ask me to send him today, he was with me on the bottom while asking, hard to get only but when I was he asked me can you also send me in dollars?? He preferred $ Over BTC or his original ETH, though I couldn't and send him the original, but also willing to instant sell the bottom whiteout a second thought...

I hope we all agree that these DIPs maybe are truly needed and better fast and hard instead long and slow if I can chose.

[bkbirge]

Another article clearly written by a journalist with little understanding of bitcoin.
https://apnews.com/article/bitcoin-technology-business-2959c25aadfa7728b8ac263fbb6f899d?utm_campaign=SocialFlow&utm_source=Twitter&utm_medium=AP

Bitcoin is a digital currency that is not tied to a bank or government and allows users to spend money anonymously.

[JayJuanGee]

Goddamn!  I never imagined my levitating buda bitcoin ball would do that much damage.

Sorry bros.... easy come, easy go....  (frikkin mighty big ants, eh?)

Surely the size of the ants were more noticeable this week.

Will concede to you on that point.

For your reference read his tweet and then look at his Twitter bio...!!
BTT, TRON, PANCAKESWAP, WIN, CAKE



And he bought 4145 BTC...What did you understand?

https://twitter.com/justinsuntron/status/1395059400155435009?s=21

Finally a serious guy taking over Bitcoin. He will provide advertisements and get aboard older investors like Warren Buffet and Charlie Munger. Forget this Sailor and Musk moonboys.  Their only interest is too scam you and get rich and turn this world into shit. Justin Sun saw how Communism work from inside he is here to make World better place. Bitcoin will help him achieve that.  

Surely we are not going to get any clarity from you Febo, especially if you lump Musk and Saylor into the same category and if you actually believe that Justin Sun is some kind of friend (or savior) of bitcoin.

can't wait for the bottom retest, always a retest

There is no always in bitcoin.  Sorry to break the newses to uie pooie.

i make tons of money on shitcoins,

That might be part of the explanation for your muddy thinkenings.

Snap out of it luckygenough56.  You are back to bitcoinlandia.. not some other bullshit, such as batcountry.

i didn't trade bitcoin and ethereum for months, even tho it was worth it today big move but the likes like cardano and others did 0.86 to 1.52 xd, doge 0.20 to 0.33 in a few minutes this is ridiculous . Be gone Elon tho.

i don't hold i daytrade tho it keeps me entertained

Well take your nonsense discussions of various shitcoins somewhere udder place... we don't gots no time for dat crap in dees here parts.. We be busy solving other world problems, herein, such as if alpacas are OGs due to their avatar, or if their math and sciences comes from alien commies (a term of endearment or is it endurement?).

[cAPSLOCK]

Ok. This is weird... I am ambivalent about Clif High... But this is kinda something (hopefully not already posted)