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

[ChartBuddy]

Explanation

[somac.]

conclusion: this time it is different. you cannot compare the bull run of 2017 one-to-one with the situation today.

reason: if you look into the chart of the pre 2017 ATH you will recognize that after the burst of a mini bubble the low after was never lower than the high of the former mini bubble. but this time the low is lower than the pre high. that leads to pure panic in the market. you can called it manipulation of the market.

Which mini bubble are you referring too? And what's your opinion on direction of market from here?

that's my opinion.

save your wealth.

Still not 100% following you, but this dip was certainly nothing like the 2017.

To me the only similar fall is March of last year, there was of course a lot of fear in the market back then too.

[Bergluft]

conclusion: this time it is different. you cannot compare the bull run of 2017 one-to-one with the situation today.

reason: if you look into the chart of the pre 2017 ATH you will recognize that after the burst of a mini bubble the low after was never lower than the high of the former mini bubble. but this time the low is lower than the pre high. that leads to pure panic in the market. you can called it manipulation of the market.

Either it is manipulation OR it is that it has been much easier to speculate into shitcoins this time. People do not have to go via BTC this time to buy their favorite dog-moon coin. This also means comparisons between BTC 2017 and 2021 charts are not very meaningful. Comparing how the mcap of the entire crypto market behaved makes much more sense (unfortunately). If you look at total market cap you will see an extreme parabolic rise and consecutive higher highs with a clear blow off top (that many are arguing is missing in this bull run).

In other words, the lower lows and rather slow decline could be caused by craze just shifting to other sites, i.e. shitcoins.

Not something I personally like to see, but certainly something to consider.

[somac.]

conclusion: this time it is different. you cannot compare the bull run of 2017 one-to-one with the situation today.

reason: if you look into the chart of the pre 2017 ATH you will recognize that after the burst of a mini bubble the low after was never lower than the high of the former mini bubble. but this time the low is lower than the pre high. that leads to pure panic in the market. you can called it manipulation of the market.

Either it is manipulation OR it is that it has been much easier to speculate into shitcoins this time. People do not have to go via BTC this time to buy their favorite dog-moon coin. This also means comparisons between BTC 2017 and 2021 charts are not very meaningful. Comparing how the mcap of the entire crypto market behaved makes much more sense (unfortunately). If you look at total market cap you will see an extreme parabolic rise and consecutive higher highs with a clear blow off top (that many are arguing is missing in this bull run).

In other words, the lower lows and rather slow decline could be caused by craze just shifting to other sites, i.e. shitcoins.

Not something I personally like to see, but certainly something to consider.

An interesting possibilty for sure. The sheep are stupid compared to the early adopters. Being that they are so stupid they don't understand the difference between bitcoin and shitcoins, but, they do listen to their followed twitter shill that simply says this xyz shitcoin is going to take over bitcoin, because reasons. No further analysis by sheep needed, just shut up and take my money..

[Gyrsur]

Still not 100% following you, but this dip was certainly nothing like the 2017.

it's almost a rule that in a bullish phase the lows of bubbles are not lower than the former highs of the pre bubbles. there are very few exceptions if you scan the chart.

in a bullish phase the price will never fall under the former ATH. exception was in January 2015 but the fundamental was the break-in into Bitstamp (the second important marketplace after Mt.Gox which bankrupted in early 2014).

it's very clear for me that this is not the end. why you guys have so much s**t in your panties?  

[LFC_Bitcoin]

https://twitter.com/chrisrandone/status/1397895742455521283?s=21

[Gyrsur]

conclusion: this time it is different. you cannot compare the bull run of 2017 one-to-one with the situation today.

reason: if you look into the chart of the pre 2017 ATH you will recognize that after the burst of a mini bubble the low after was never lower than the high of the former mini bubble. but this time the low is lower than the pre high. that leads to pure panic in the market. you can called it manipulation of the market.

Either it is manipulation OR it is that it has been much easier to speculate into shitcoins this time. People do not have to go via BTC this time to buy their favorite dog-moon coin. This also means comparisons between BTC 2017 and 2021 charts are not very meaningful. Comparing how the mcap of the entire crypto market behaved makes much more sense (unfortunately). If you look at total market cap you will see an extreme parabolic rise and consecutive higher highs with a clear blow off top (that many are arguing is missing in this bull run).

In other words, the lower lows and rather slow decline could be caused by craze just shifting to other sites, i.e. shitcoins.

Not something I personally like to see, but certainly something to consider.

your arguments are worth to consider for me. but it would mean the ATH after the 2020 halving event is just $64,895?

NEVER EVER 

[somac.]

Still not 100% following you, but this dip was certainly nothing like the 2017.

it's almost a rule that in a bullish phase the lows of bubbles are not lower than the former highs of the pre bubble. there are very few exceptions if you scan the chart.

in a bullish phase the price will never fall under the former ATH. exception was in January 2015 but the fundamental was the break-in into Bitstamp (the second important marketplace after Mt.Gox which bankrupted in early 2014).

it's very clear for me that this is not the end. why you guys have so much s**t in your panties?  

So what your saying is the bullish phase is over (for a little at least) and by "not the end" you mean it's not the end of the correction?

Sorry, for some reason I'm just not understanding what you were getting at. It's your wording that is confusing me.

IMO though we have witnessed another March last year type of an event, brought on by mass FUD attack, completely overblown by the noobs, and therefore any technical analysis based off it is completely inaccurate.

Including the low being lower then the previous high.

[ChartBuddy]

Explanation

[Gyrsur]

Still not 100% following you, but this dip was certainly nothing like the 2017.

it's almost a rule that in a bullish phase the lows of bubbles are not lower than the former highs of the pre bubble. there are very few exceptions if you scan the chart.

in a bullish phase the price will never fall under the former ATH. exception was in January 2015 but the fundamental was the break-in into Bitstamp (the second important marketplace after Mt.Gox which bankrupted in early 2014).

it's very clear for me that this is not the end. why you guys have so much s**t in your panties?  

So what your saying is the bullish phase is over (for a little at least) and by "not the end" you mean it's not the end of the correction?

Sorry, for some reason I'm just not understanding what you were getting at. It's your wording that is confusing me.

IMO though we have witnessed another March last year type of an event, brought on by mass FUD attack, completely overblown by the noobs, and therefore any technical analysis based off it is completely inaccurate.

Including the low being lower then the previous high.

man is my English so bad?  

what was the ATH of 2013? $1163

did we ever go under this level after the 2017 ATH. NO.

March last year was a very big black swan event. we had something similar never in the short history of Bitcoin.

after ATH 2017 we had a crypto related black swan event in autumn 2018. the Hash War of BCH and BSV. that was the lowest low of the bear phase after 2017 ATH. even the bigger black swan event of March 2020 drove the price not below.

if you cross a former ATH I consider it as a bull phase until the next ATH. this next ATH of the future is of course not predictable but if you consider a logarithmic scale it must be much more higher as the previous ATH because the inflation is halved on the halving event.

[cAPSLOCK]

This might be the saddest thing of the day.

I suppose everyone has a price?

[Wekkel]

Cross that organising entity off the list 

[Gyrsur]

BTW $40K again.



my American fellows start their day. 

[cAPSLOCK]

U.S. billionaire and one-time cryptocurrency skeptic Carl Icahn is contemplating a potential $1.5 billion investment in digital currencies.
https://twitter.com/CoinDesk/status/1397820256463298560
https://www.coindesk.com/carl-icahn-bitcoin-crypto-big-way

Carl is being hit by the fomo it seems and buy at 40k, smart investor move  wow or is it just another news (contemplating lol) to boost the price because the skeptic bought at 4k

Anyway he will invest in doge i'm sure 

Thing is... no way a dude like this is going to go.. Looks I might just drop 1.5B on Bitcoin, and then do it.  His bags are probably already locked in.

[ChartBuddy]

Explanation

[xhomerx10]

This might be the saddest thing of the day.

I suppose everyone has a price?

 It's difficult to entice people to speak at your conference if the provided accommodations are 4 to a room with two double beds.  You're only gonna get takers who have a hard time making friends.

[AlcoHoDL]

Coingeek Conference...

Calvin Ayre owns this shit. Isn't it obvious who the speakers would be?

It's a non-event. The party afterwards could be interesting though. Must be lots of pretty girls there, probably of the barely-legal variety, given Ayre's preference for young things.

[Toxic2040]

morning walls and moving averages

#dyor

#stronghands

[Richy_T]

Any Gox news?

[proudhon]

Any Gox news?

I'd love to get back my coins so I can use them to sell asap on high margin to take advantage of bitcoin's final and definitive death-crash.