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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.8%)
7/28 - 11 (9.1%)
8/4 - 16 (13.2%)
8/11 - 7 (5.8%)
8/18 - 6 (5%)
8/25 - 8 (6.6%)
After August - 72 (59.5%)
Total Voters: 121

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26483772 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


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May 23, 2021, 06:01:34 PM


Explanation
cAPSLOCK
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Note the unconventional cAPITALIZATION!


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May 23, 2021, 06:03:00 PM

Did it ever went down midcycle (similar position) below the prior ATH?
Nope. Therefore, unless we are witnessing something entirely new, somewhere around 25K could be a "natural" attractor because it corresponds to roughly 61.8% decline (Fib number) IF we will go below the prior one (50%, where we are right now, give or take).

Because of this, it either bounce here or at 25K (plus minus a thou or half a thou), IMHO.

Actually I do not think the first big bull fit what you ask up there... but did it not have a sort of 2 part run?  We could certainly still do that.

And to your point that it might be doing something different this time... I would be very surprised if it didn't.  Well at this point it is becoming more impossible for it to really repeat itself.
shahzadafzal
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May 23, 2021, 06:14:50 PM

"Bitcoin is an experimental digital currency"??

experimental??? still? It's been 12 years.... why it's still experimental?

https://github.com/bitcoin/bitcoin/
Gyrsur
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May 23, 2021, 06:25:16 PM

Agapios
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May 23, 2021, 06:28:08 PM

Okay f*****s who sold, you told me you are not selling, i thought we had a deal we are hodling
I am poor now

1 year ago i was ultra poor

Well back to cage to sleep for a few more years

Sarcasm press
OutOfMemory
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May 23, 2021, 06:29:32 PM



Looking for a double bottom there?
OutOfMemory
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May 23, 2021, 06:32:10 PM
Merited by aesma (1)

Okay f*****s who sold, you told me you are not selling, i thought we had a deal we are hodling
I am poor now

1 year ago i was ultra poor

Well back to cage to sleep for a few more years

Sarcasm press

*yawn*
Who cares?
All that counts is who bought!
Do you know about Mindrust already?
xhomerx10
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May 23, 2021, 06:33:54 PM
Merited by vapourminer (1)

I'm thinking of buying a 3D printer, and I'm looking at the Anycubic Photon Mono, a resin printer, and maybe a Creality3D Ender-3 V2 for prints that don't need fine details.

I will mostly be printing stuff for model railways in H0 (1:87) scale so the resin printer will be for the small fine detail stuff and the other one for the rest.

They both seems to have good reviews and a reasonable price, do you guys have any comments or experience on these machines that you could kindly share?

 Get yourself a fume hood if you go with resin - the smell can be unbearable.
explorer
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May 23, 2021, 06:34:32 PM
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Some random lines on a chart

luckygenough56
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May 23, 2021, 06:41:16 PM

"Bitcoin is an experimental digital currency"??

experimental??? still? It's been 12 years.... why it's still experimental?

https://github.com/bitcoin/bitcoin/

maybe because it hasn't evolved a bit since then and the average Joe can't grasp it preventing it to reach mainstream
But i get it security wise there's no doubt it has proven it is secure ans solid

usdt and stablecoins are the future  Cheesy

3rd on marketcap, highest volume, doesn't compensate inflation tho but it doesn't lose 60% from one day to another. I mean one day you can buy a lambo the next a lada Smiley
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May 23, 2021, 06:43:23 PM
Last edit: May 23, 2021, 07:05:44 PM by Gyrsur



Looking for a double bottom there?



from March 2020 low at $3850 to April 2021 high at $64895 retracement of 61.8% is $27169 and retracement of 38.2% is $41576. we still have space to area of $27169 and area of $41576 is a strong resistance.

maybe we'll stay some time somewhere between for a while.

EDIT: page count is just 28850. looking for someone to blame on. Roll Eyes

EDIT2: as you can see the absolute figures of changes of one bitcoin in USD are not in the wages region of the ordinary working class anymore. therefore the ordinary plebs can't handle that price jumps in absolute figures. sad.
luckygenough56
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May 23, 2021, 06:56:01 PM
Merited by Gyrsur (1)

surely chart buddy is not to blame
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May 23, 2021, 07:01:25 PM


Explanation
Parazyd
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Space Lord


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May 23, 2021, 07:01:57 PM

Andreas live doing his thing

+1 WOsMerit

https://www.youtube.com/watch?v=5bY4D33o5SU

I unlocked another achievement Grin

aesma
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May 23, 2021, 07:07:06 PM

I'm the kind of geek who could have bought a 3D printer 10 years ago but I just can't think of a use for it. Probably because I have limited space for now so no room for plastic stuff.

Could print some BTC coins I guess !

If they could print metal (well some can, but at crazy prices) then that would be another story.
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May 23, 2021, 07:08:38 PM



Looking for a double bottom there?



from March 2020 low at $3850 to April 2021 high at $64895 retracement of 61.8% is $27169 and retracement of 38.2% is $41576. we still have space to area of $27169 and area of $41576 is a strong resistance.

maybe we'll stay some time somewhere between for a while.

EDIT: page count is just 28850. looking for someone to blame on. Roll Eyes

EDIT2: as you can see the absolute figures of changes of one bitcoin in USD are not in the region of the usual working class anymore. therefore the usual plebs can't handle that price jumps in absolute figures. sad.

yes, if you plot retracement for a move, but then, why not starting from 3.1K instead? If we count retracement from the top number, then it is more like $24790 for 61.8% fib.
Albeit, maybe you are more "right" and if counting from 3.1K, I am getting 26706, however, it is all a small argument (26.7 vs 27.2).
Clearly, 61.8% Fib (whichever you count), is somewhere between ~25K and 27K. I will be watching those numbers, it it ever comes to that.
shahzadafzal
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May 23, 2021, 07:14:23 PM

Andreas live doing his thing

+1 WOsMerit

https://www.youtube.com/watch?v=5bY4D33o5SU

I unlocked another achievement Grin



ok but what have you done to him?
Gyrsur
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May 23, 2021, 07:15:52 PM

yes, if you plot retracement for a move, but then, why not starting from 3.1K instead? If retracement just from the top number, then it is more like $24790 for 61.8% fib.
Albeit, maybe you are more "right" and if counting from 3.1K, I am getting 26706, however, it is all a small argument (26.7 vs 27.2).
Clearly, 61.8% Fib (whichever you count, it is somewhere between ~25K and 27K). I will be watching those numbers, it it ever comes to that.

can't remember the deepest low after the bull run of 2017. if it was 3.1K then I also would prefer this low instead. you're right. we will see.

what clearly comes into my mind is with that absolute figures of price swings the average Joe is not able to handle it anymore because it's above the monthly wage of the most. the result is pure panic of small investors if the price is going down instead of going up.
luckygenough56
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May 23, 2021, 07:20:35 PM

[quote author=Gyrsur link=topic=178336.msg57075736#msg57075736 date=1621797352
what clearly comes into my mind is with that absolute figures of price swings the average Joe is not able to handle it anymore because it's above the monthly wage of the most. the result is pure panic of small investors if the price is going down instead of going up.
[/quote]

that's what i was saying the other day and got trashed for it, of course  Roll Eyes
Gyrsur
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May 23, 2021, 07:32:35 PM

maybe in retrospective we'll remember on that Elon moment like on the Hash War in autumn 2018.

https://bitcoinmagazine.com/technical/week-2-how-bitcoin-cash-hash-war-came-and-went-and-not-much-happened
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