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

[sirazimuth]

..... that old Uncle Festus had hidden thousands of $$$ under his floor boards. Or that Grandpa Irving had an old savings account or safety deposit box ......

.....

...not to mention cousin Mel, Grandma Gertie and Auntie Grizelda.

I went to see them last year, I wouldn't recommend it.

Thanx for the pro tip bro.
Fun fact... The first LP I ever owned was "The Monkees" (just after it was released in 1966)
A 9th birthday gift from Auntie. I was all bummed out because it didn't have the track "I'm a Believer" on it.
So shortly thereafter, I saved up my pocket money and bought their 2nd album "More of The Monkees" (which did include that track)
My older brother gave me no end of shit because he was a Beatles fanboy (he'd just bought "Revolver")
and thought the Monkees were shite. Apparently, he was cool, I wasn't.

GO BITCOIN




 

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[TheJuice]

Just dropping by to say cheers. Get ready for the run up in the next 6 months to close the year!

[xhomerx10]

So what did you put in the search engine bro?  just curious.....

... +"llamas mating image"


https://www.youtube.com/watch?v=IVwnAyw6m0Y

 I had always imagined that every OG bitcoiner had their own Alpaca ranch.  Disappointed!

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[aysg76]

The small pumps hitting the market again and now the old investors again turning to btc but.The difference between panic sellers and holders is like this :

They just ignore the market up and down which always work for them but the others just see what is total distraction from your goals.So concentrate on what you have without your eyes always glued on market dips and red graphs.

[ChartBuddy]

Explanation

[STT]

China is working on their own shitcoin.

They needed to get rid of Bitcoin from their country before they could begin on their shitcoin.

China or the central committee besieging the Chinese people views the world down the barrel of a gun, they want to force something through and benefit from that change rather then the free roaming influence Bitcoin has had upon China.  People dont benefit from capital controls the central government does and BTC has helped the people so government wishes to redress that balance back in their favor once again.  
  China has been the world largest net buyer of gold and also producer for over a decade now as they displaced South Africa's geological advantage through sheer size, they dont like to announce real figures as it likely spikes the price as always they wish to manipulate this market as both producer and buyer.   They have massive plans unannounced to move away from the dollar system which they now partially support.   Whatever they are doing with digital currency will be massive because of their size, its not the first time and China was allowed by the IMF to join the SDR system from prior plans and concerns over modern alternatives to Bretton woods.  I dont think the fundamentals are there for success but they may not matter to the government so long as they benefit personally.
  Saw an article about this 'threat' it is some cause for concern no doubt https://www.marketwatch.com/story/feds-quarles-says-digital-dollar-could-pose-considerable-risks-to-financial-system-11624903576?mod=mw_latestnews&mod=article_inline


I'll bullish on BTC chart now as I think its forming some trend up, its just challenged 2 day average but on daily bars medium term I think its done far better recently.  Most critical is resolving present weakness above 34.3k on 4hr bars which keep it on trend despite some pullback in price.  Overall its still range bound in this area, not exciting or a fast mover either way.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[xhomerx10]

Missed it by that much!

[alevlaslo]

I look at all good coins, if at least one of them has fallen to the bottom of the price, therefore the entire market will not fall lower from this time

[ChartBuddy]

Explanation

[Arriemoller]

https://www.youtube.com/watch?v=nJeddv1QbeQ

@proudhun

The poetry is nice. So is Jobberwocky, but I don't believe in the existence of jabberwocks or vorpal swords, and neither do I believe any majestic bull run is forthcoming.

Yes you do, your song even ends with bitcoin going to 1 mill

[Phil_S]

https://twitter.com/ChartsBtc/status/1410026778127605761

CAGR = compound annual growth rate.

[shahzadafzal]

https://pbs.twimg.com/media/E5FpcG-VUAM_tlp?format=png&name=medium



https://twitter.com/ChartsBtc/status/1410026778127605761

CAGR = compound annual growth rate.

Wait a minute so if I continue the line does it mean Bitcoin will cross $100k line only around 2024??



Come on.. I reject it and I demand bitcoin $100k by Christmas Eve 2021.

[zanezane]

https://twitter.com/ChartsBtc/status/1410026778127605761

CAGR = compound annual growth rate.

So what you are trying to say here is that there's a pattern in the market that makes it really predictable? I had seen this pattern before but I don't believe it, maybe if in the next halving the prices did go up again, I would believe it.

[Phil_S]

That's only the bottom/support line. We can go mich higher, as it happened before.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation