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

[JayJuanGee]

It's bitter reality but you can only do one and those who believe Bitcoin knows the history of government and now they trust the Bitcoin.You just understand the chronology of this and Bitcoin will be your sole savoir.

It's not even a true set of statements.. even if it might make you feel good to say that is what you believe... It's too damned vague, patronizing and even propagandistic in terms of its painting a false dilemma.

Price remains bullish while holding the $61K local volume point of control.

Price is now failing to hold the $61K support trend-line, as well as the VPVR point of control ($61.2K), suggesting a re-test of the 200 MA at $59.4K may come into play.
Moving below the distribution zone of $60-62.5K would additionally turn it into resistance in the short-term, so a bounce from nearby support could be short-lived.



Back to being 50-50 until a new higher low is established, or lower support re-tested between $53K-57K. Indecision for the past 2 weeks of sideways trading has been the right call.
The consolidation remains healthy for accumulation, but making a trade within it simply wouldn't be with how choppy the price has been in the short-term.

about making a trade.. nothing wrong with buying if you don't have any or if you feel that you do not have enough....

There is an expression to buy on the dip.. of course, no one really wants to blow his whole wadd in terms of buying on a dip in which there is more dip to come, but if we do not know the bottom, we just do our best based on an assessment of our own circumstances that include cashflow and how far along we may well be in terms of our own BTC accumulation goals.

Regarding bottom, who know?  I still remain interested in whether or not BTC prices stay above $55k.. and also how long it takes to get above noman's land to the extent that such a thing continues to exist.. and can be revived if it had been weakened in its prior wannabe prominence.   

[edited out]

After a year of printing trillions of $$$, the U.S. govt thinks nothing of throwing another $1.2T onto the pile:

https://www.cnn.com/2021/11/06/politics/president-joe-biden-infrastructure-bill/index.html

And they have another multi-trillion $$$ bill waiting in the wings already.

Get prepared for more of these, like every 1-2 years. Money printer continue go brrrr. It won't stop.

Fair additional facts to establish a certain kind of government action that is surely problematic.. as many of us already recognize such problematic behaviors...

Get prepared for more of these, like every 1-2 years. Money printer continue go brrrr. It won't stop.

Worse, we've reached the stage where it can't stop.

Yes.. exactly.. another dilemma that justifies various kinds of considerations of the creation and execution of some kind of a planBTC

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[ChartBuddy]

Explanation

[LFC_Bitcoin]

Interesting analysis of the potential top price of this cycle:

https://www.nasdaq.com/articles/estimating-this-cycles-bitcoin-price-top-2021-11-06

TL;DR 160-368K (midpoint 264K)..peachy

I’d settle for $105,000 right now, if you offered it me.

[eddie13]

I had a dream last night..

In my dream I woke up and checked the Bitcoin price how I always do..
At first I saw 1.1 and 800 and thought we just cleared 100k and came back down to around 80k..
THEN I realized what I was seeing on the chart was a high of $1.1 million while I was sleeping and it came back down to in the 800k area..

I was trying to decide if I should sell a little piece immediately or not..


Then I woke up for real and we were only just over $60k still..


$1.1mm coming soon..
As seen by Edstradamis..

[GbitG]

Interesting analysis of the potential top price of this cycle:

https://www.nasdaq.com/articles/estimating-this-cycles-bitcoin-price-top-2021-11-06

TL;DR 160-368K (midpoint 264K)..peachy

I’d settle for $105,000 right now, if you offered it me.

I can wait for $155,000 because I have this target for mine.

[Biodom]

Interesting analysis of the potential top price of this cycle:

https://www.nasdaq.com/articles/estimating-this-cycles-bitcoin-price-top-2021-11-06

TL;DR 160-368K (midpoint 264K)..peachy

I’d settle for $105,000 right now, if you offered it me.

haha...
However, as I mentioned before, I predict a lot of a stress on WO if/when bitcoin goes to 84k first, but then dips back to 64-65k.
The psych wounds from 2017 (not selling in time and missing a dip buying opp) are still there.
My method of coping is in not currently having any btc on the exchange (to sell).

[ChartBuddy]

Explanation

[xhomerx10]

Dammit, Wall Observers!  They're onto us.

 https://www.ctvnews.ca/mobile/sci-tech/world-s-richest-1-per-cent-will-emit-too-much-to-limit-global-warming-to-1-5-c-study-1.5653753


"They found that the richest one per cent and the richest 10 per cent of the population are on track to emit 30 times and nine times, respectively, more carbon dioxide than the level compatible with the 1.5 C goal."

[JayJuanGee]

Interesting analysis of the potential top price of this cycle:

https://www.nasdaq.com/articles/estimating-this-cycles-bitcoin-price-top-2021-11-06

TL;DR 160-368K (midpoint 264K)..peachy

I am a wee bit confused about the definition of "cycle" that the article is using.

Haven't we already established that this cycle has a time element too.. so when is the time element that the article is predicting in terms of when this supposed top will happen?

[ChartBuddy]

Explanation

[Copetech]

Dammit, Wall Observers!  They're onto us.

 https://www.ctvnews.ca/mobile/sci-tech/world-s-richest-1-per-cent-will-emit-too-much-to-limit-global-warming-to-1-5-c-study-1.5653753


"They found that the richest one per cent and the richest 10 per cent of the population are on track to emit 30 times and nine times, respectively, more carbon dioxide than the level compatible with the 1.5 C goal."

I hate seeing people writing obvious BS articles as if they know what they're talking about!
The "space tourism" they cite, yea... Hydrogen & Liquid Oxygen fuel emits water vapor, no CO².
This is nothing more than "Hate The Rich!" & "We All's Gonna Die!!!" Bullshit propaganda.

[d_eddie]

Dammit, Wall Observers!  They're onto us.

 https://www.ctvnews.ca/mobile/sci-tech/world-s-richest-1-per-cent-will-emit-too-much-to-limit-global-warming-to-1-5-c-study-1.5653753


"They found that the richest one per cent and the richest 10 per cent of the population are on track to emit 30 times and nine times, respectively, more carbon dioxide than the level compatible with the 1.5 C goal."

I hate seeing people writing obvious BS articles as if they know what they're talking about!
The "space tourism" they cite, yea... Hydrogen & Liquid Oxygen fuel emits water vapor, no CO².
This is nothing more than "Hate The Rich!" & "We All's Gonna Die!!!" Bullshit propaganda.

I'm not a climate science expert, but I know water vapor is much worse than CO2 as a greenhouse gas.

[ChartBuddy]

Explanation

[philipma1957]

Interesting analysis of the potential top price of this cycle:

https://www.nasdaq.com/articles/estimating-this-cycles-bitcoin-price-top-2021-11-06

TL;DR 160-368K (midpoint 264K)..peachy

I am a wee bit confused about the definition of "cycle" that the article is using.

Haven't we already established that this cycle has a time element too.. so when is the time element that the article is predicting in terms of when this supposed top will happen?

Well the question is not the top of the cycle as much as it is the length.

I still think the cycle will stretch further then any former cycle has ever been.

Which means not NOV/DEC 2021 blow off and decline starts Jan 2022

Mainly due to covi-19/chip shortages/ supply chain issues / money printers go brrrr /

In Jan 2022 social security will go up 5.9% biggest jump since Ronald Reagan was the prez.

But life is unpredictable if you try to pick the ending month of this cycle it is hard to do.  Should be fun to watch it unfold .  I root for 6-8 months of sideways and Maybe May 17 we do the real jump up. Till August 1st.
 2022 say 300k then we drop.

[eXPHorizon]

Kessler Syndrome inbound

[Biodom]

Kessler Syndrome inbound

indeed...Mega maid from Spaceballs is urgently needed:

https://youtu.be/EWQAvMUUJr4?t=30

On a more "serious" note-here is your solution to the Fermi paradox...at some point the debris field would be so dense, you won't be able to launch anything: probes, missions to other planets, etc.
Pretty sad if it comes to fruition.

[Copetech]

Dammit, Wall Observers!  They're onto us.

 https://www.ctvnews.ca/mobile/sci-tech/world-s-richest-1-per-cent-will-emit-too-much-to-limit-global-warming-to-1-5-c-study-1.5653753


"They found that the richest one per cent and the richest 10 per cent of the population are on track to emit 30 times and nine times, respectively, more carbon dioxide than the level compatible with the 1.5 C goal."

I hate seeing people writing obvious BS articles as if they know what they're talking about!
The "space tourism" they cite, yea... Hydrogen & Liquid Oxygen fuel emits water vapor, no CO².
This is nothing more than "Hate The Rich!" & "We All's Gonna Die!!!" Bullshit propaganda.

I'm not a climate science expert, but I know water vapor is much worse than CO2 as a greenhouse gas.

Quoted from the article:
"So has – more recently and “most egregiously,” according to the study – the introduction of “hyper-carbon-intensive luxury travel space tourism” in 2021. For example, a single 10-minute flight for around four passengers can burn hundreds of tonnes of carbon, the researchers said."

Now, sure, water vapor emitted into upper atmosphere can mix with other chemical pollutants to cause O³ damage, as well as vapor clouds effecting heat retention, BUT that is NOT what the article is saying! The writer is 100% pulling shit out of his ass to put in a blog.

China's emissions have gone up exponentially since the start of the Paris Accords and the US has made bigger cuts to CO² emissions after LEAVING the Paris accords than all other participants combined! Guess what has had the greatest impact on carbon reduction... Fracking! Oh the Horror! Right!?!
It's all a bunch of BS! The most effective way to reduce our ecological impact is to promote growth & economic prosperity! Hungry people living in poverty don't give a Fuck about environmental issues! If they can burn old tires to keep their children from freezing in the winter they'll happily do so! But much more commonly they cut down trees and burn wood! (The most ecologically inefficient form of energy... deforestation!) And if you really want to get into the root of the problems it's not the carbon footprint of the 1%! It's the heavy metal mining, and toxic processes used to generate touch screens and solar panels... there's a reason why it's all done in China & Thialand, OUR environmental restrictions are far to restrictive to allow such industries to operate in any competitive manner. And disposal of all these solar panels, touch screens, & windmill propellers??? Good Luck!

Sorry just tired of BullShit propaganda obfuscation of things that we actually CAN do to make things better.

[philipma1957]

Dammit, Wall Observers!  They're onto us.

 https://www.ctvnews.ca/mobile/sci-tech/world-s-richest-1-per-cent-will-emit-too-much-to-limit-global-warming-to-1-5-c-study-1.5653753


"They found that the richest one per cent and the richest 10 per cent of the population are on track to emit 30 times and nine times, respectively, more carbon dioxide than the level compatible with the 1.5 C goal."

I hate seeing people writing obvious BS articles as if they know what they're talking about!
The "space tourism" they cite, yea... Hydrogen & Liquid Oxygen fuel emits water vapor, no CO².
This is nothing more than "Hate The Rich!" & "We All's Gonna Die!!!" Bullshit propaganda.

I'm not a climate science expert, but I know water vapor is much worse than CO2 as a greenhouse gas.

Quoted from the article:
"So has – more recently and “most egregiously,” according to the study – the introduction of “hyper-carbon-intensive luxury travel space tourism” in 2021. For example, a single 10-minute flight for around four passengers can burn hundreds of tonnes of carbon, the researchers said."

Now, sure, water vapor emitted into upper atmosphere can mix with other chemical pollutants to cause O³ damage, as well as vapor clouds effecting heat retention, BUT that is NOT what the article is saying! The writer is 100% pulling shit out of his ass to put in a blog.

China's emissions have gone up exponentially since the start of the Paris Accords and the US has made bigger cuts to CO² emissions after LEAVING the Paris accords than all other participants combined! Guess what has had the greatest impact on carbon reduction... Fracking! Oh the Horror! Right!?!
It's all a bunch of BS! The most effective way to reduce our ecological impact is to promote growth & economic prosperity! Hungry people living in poverty don't give a Fuck about environmental issues! If they can burn old tires to keep their children from freezing in the winter they'll happily do so! But much more commonly they cut down trees and burn wood! (The most ecologically inefficient form of energy... deforestation!) And if you really want to get into the root of the problems it's not the carbon footprint of the 1%! It's the heavy metal mining, and toxic processes used to generate touch screens and solar panels... there's a reason why it's all done in China & Thialand, OUR environmental restrictions are far to restrictive to allow such industries to operate in any competitive manner. And disposal of all these solar panels, touch screens, & windmill propellers??? Good Luck!

Sorry just tired of BullShit propaganda obfuscation of things that we actually CAN do to make things better.

The true key is clean water for showering and drinking.

Incentives for blowjobs handjobs rimjobs muffdiving.  Simple easy way to reduce population growth worldwide.

In 1957 the worlds pop was under 3 billion
In  1969 the worlds pop was over 3 billion
Now in 2021 the worlds pop is about 8 billion.

Pay people to make no kids just have lots of fun sex.  Problem solved.

Just a thought . Not a real solution.

[ChartBuddy]

Explanation

[philipma1957]

Chartbuddy is getting solid lunch money

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ



https://www.blockchain.com/btc/address/1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

note he is getting some BCH along with that about $1.61 worth I guess for coffee


note all payments were preform(wtf)  Pre Fork  and have never been spent.