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

[ChartBuddy]

Explanation

[1715398647]

1715398647

[1715398647]

1715398647

[1715398647]

1715398647

[1715398647]

1715398647

[1715398647]

1715398647

[ChartBuddy]

Explanation

[Arriemoller]

And then I will, of course, buy back at the bottom.

translation:

I will watch bitcoin rise until I FOMO back in with less BTC.

 

Read again.

[ChartBuddy]

Explanation

[bitcoinPsycho]

Looks primed for a run up to $70000
Not much in the way

[Arriemoller]

Price going down yo!

[Arriemoller]

What is it with Fridays and dips?
It used to be the last Friday of the month, now it's every bleedin Friday.

[El duderino_]

Looks primed for a run up to $70000
Not much in the way

A solid bounce back would be on point

[El duderino_]

So when NEW poll??

Is S2F   98k close November going to happen
Yes or No ….

[savetherainforest]

Oh no, bitcoin crashed to levels not seen since 2 days ago.

I don't want to start some sh!t again.... But it might go to $52K in the next week or so... maybe in 2-3 tops.        

Yes.  In that same time frame of one week to 3 weeks, it might go down to $52k, and it might not.

It also might go down to $60k and it might not.

Also, it might go up to $80k and it might not.

It might go to $100k and it might not.

Finally, it might continue to range between $60k and $69k, and it might not.


Quite a few things that bitcoin could do (or not) in the next 1-3 weeks.  So thanks for your contribution towards greater clarity about current bitcoin price dynamics, or not, Save the RF.

Dumping is certain cuz sh!tcoins need to be pumped. And when Sh!tcoins are dumped, BTCiTcoin pumps. And now they are kinda pumped, the sh!tcoins. And that means there is pressure on BTC of those who do weekly swing trades between BTC < > Sh!tcoins.            

[El duderino_]

Spot ETF rejected causing the minor DIP?

[JayJuanGee]

https://twitter.com/100trillionUSD/status/1458890358155268097

Guess he has realised his price target this month isn't going to be anywhere near close.

$93k does seem to be a bit of a stretch to be calling that a kind of "worse-case scenario" for November (as he called that in July/August time-frame) .. .bitcoin no does not seem to work like that... but hey, we still have around 18 days for the month to close out - as had already been mentioned by a couple of posters.

Just one thing in my mind...

Nobody talked/talk here about the release of 140K BTC from Mtgox (should be very soon) ?

I assume it doesn't change the long term view on BTC... But into this bull market cycle (still quite calm and not so explosive as many expected/expect till now) , I am curious to see how the market can react at least on a short time view. Some drop again? 52K? 42K?

I do agree that there would likely be a decent amount of selling pressure from the MTGOX release of 140k BTC, and even though we likely do not know all of the details, there are a certain number of those coins that would be getting released to third-party entities who have bought those coins off of the original account holders, so a certain number of those coins would be sold - whether such sales are attempted strategically to NOT move the market or are attempted in ways to push the BTC price down is still to be found out. 

On a personal level, I am not very concerned about the BTC market NOT being able to absorb such coins, and I doubt that there is any major fear for $52k or $42k, even though those price could happen as well.  Whether bitcoin is transitioned from its current bull market (or even inability to meaningfully pass through noman's land) to a bear market is also a possibility, but seems to be on the minority side - at least at this time... In other words, I will believe it when I see it (if I see it).

On another level, of course if we ever start to witness what seems to be any kind of meaningful reversal in momentum, that is going to be attempted to be played as maximally as possible to attempt to scare additional HODLers out of their coins.. so surely, if extreme corrections can be accomplished based on all of the circumstances to couple both psychological factors with actual physical dumpening of coins, then we are not going to put it past the bearwhales to play such card(s) to as much of an extent as they are able to accomplish.

On the other hand, we have all the positive fondamental from the BTC side : ETF, GAFA owning BTC (corporate or individuals), legal tenders started in Central-South America... And if we are honest, on 2015 or 2017 we even didn't think about these points. So should be VERY bullish now IMHO.

HODL.

WE also have various BTC price prediction models of stock to flow, four year fractal and exponential s-curve adoption based on networking effects and Metcalfe principles that would suggest that we have not experienced any kind of significant or meaningful blow off top, yet... so having the 56% correction in May/June/July and then revisiting the ATH.. seems to lend quite a bit of credibility that the UPside movement of this here little party cycle has not quite come close to playing its course, yet...   So those kinds of factors should be taken into account, including the fact that experiencing 10% to 15% to more than 30% corrections (even during the upside portions) of a bull market exponential UPpity price periods has not been unusual happenings in bitcoinlandia.. even to shake out a decent number of weakeling and whiny hands along the way.. and sure the smarter of them might just shave a little off in order to not be too overloaded in BTC, but for sure, there are always a decent number who end up selling too much too soon.. and speculating that they sold at or near the top when then end up selling somewhere below 50% (and sometimes even 25% or lower) of what ends up being the actual top, so when bitcoin goes the remainder of its way UPpity, they have either no coins or hardly any coins to sell on the way up.  Happens every cycle, even to some seemingly smart HODLers.

[ChartBuddy]

Explanation

[BillyCoiner]

So when NEW poll??

Is S2F   98k close November going to happen
Yes or No ….

Haha no chance moon boi. Your party is over.

[bitcoinPsycho]

So when NEW poll??

Is S2F   98k close November going to happen
Yes or No ….

Haha no chance moon boi. Your party is over.

at least we got to have one. $70000 in 7 days guaranteed and confirmed so put that in your no-coin pipe and smoke that

[Farmer Bill]

So when NEW poll??

Is S2F   98k close November going to happen
Yes or No ….

Haha no chance moon boi. Your party is over.

Yep its all over

Bitcoin is dead (for the 1025689735th time)

Billy no coiner was right, his exceptional predictive TA is spot on every time.

I advised you to buy when price was $30k, you fucking missed it, you would today have had cause to celebrate a $63k party. Hookers blow that sort of stuff, or maybe candy and a soda.

You better go, mom is calling you for lunch, don't spend Friday's pocket money all at once, you could buy a few Satoshis with it. $63k is a great time to buy. Go on do it, or I'll be reminding you again at $90k.

[JayJuanGee]

What is it with Fridays and dips?
It used to be the last Friday of the month, now it's every bleedin Friday.

Yeah.. for sure it is time to panic and whine.. life is so horrible.

As an example, we have had so much (many) Friday dippening(s) in recent times that it is having an unfair detrimental effect on BTC prices so that currently as I type this post, we happen to ONLY still be within the top 10 days of bitcoin weighted average prices...   

cry, cry, cry home to momma...  it's such a sad place where we are at.


 

Someone seems to need, at minimum, a batman slap. #nohomo

Oh no, bitcoin crashed to levels not seen since 2 days ago.

I don't want to start some sh!t again.... But it might go to $52K in the next week or so... maybe in 2-3 tops.        

Yes.  In that same time frame of one week to 3 weeks, it might go down to $52k, and it might not.

It also might go down to $60k and it might not.

Also, it might go up to $80k and it might not.

It might go to $100k and it might not.

Finally, it might continue to range between $60k and $69k, and it might not.


Quite a few things that bitcoin could do (or not) in the next 1-3 weeks.  So thanks for your contribution towards greater clarity about current bitcoin price dynamics, or not, Save the RF.

Dumping is certain cuz sh!tcoins need to be pumped. And when Sh!tcoins are dumped, BTCiTcoin pumps. And now they are kinda pumped, the sh!tcoins. And that means there is pressure on BTC of those who do weekly swing trades between BTC < > Sh!tcoins.            

Yes.. those kinds of dumb theories regarding trading in and out of shitcoins have been quite popular for many years - even going back to 2013-ish - even though they have become more prevalent with the proliferation of more varieties and quantities of shitcoins - surely not a topic for this thread... whether it is a dumbass approach to matters or not....   

Regarding your proclamation that any kind of BTC price movement in bitcoin being certain (including bitcoin and including that bitcoin is some how related to shitcoins - the tail wagging the dog nonsense), is obviously false on its face... there is no certainty when it comes to short-term price moves, even if sometimes there can be attempts to play momentum and to play changes in the direction of momentum, but even the momentum or the changes in the direction in momentum can be quite difficult to predict - especially short term... so yes, there are quite a few dweebs, just like you, who like to propagate misinformation that price movements in one direction or another are certain, and hopefully no one really takes a dweeb like you seriously because even if the dumb-assedness of what you are saying might not be obvious on its face, most of us realize that you are a walking bag of contradictions - to the extent anything that you say might come out as quasi-coherent (and lucid.. which is especially rare), from time to time.

By the way, trying to trade in and out of shitcoins to either accumulate more BTC or to accumulate dollars tends to be a dumb-ass approach to matters, not only because a dweeb like you Save the RF is propounding it, but because there is a lot of gambling and timing involved in trying to select which shitcoin is less shitty and all that kind of bullshit, when mental and financial power should be employed more solidly including much more solid foundation to develop long-term bitcoin accumulation strategies first.. and there is no need to involve shitcoins into any kind of strategy formulation that both involves accumulating more bitcoin and solidifying a decently sound approach to longer-term investment(s) into bitcoin.

Spot ETF rejected causing the minor DIP?

Link or it did not happen.

 

[BitcoinBunny]

Another "soft" lockdown ordered in The Netherlands with curfews for most things like shops, bars and restaurants at 8pm but not cinemas etc.
Sure, because Covid knows what time it is and doesn't like movies.

After that (3 weeks to flatten another curve) probably "2g policy", which is a nice way of saying that you will submit to God Pfizer or be banished from society.

Oh and Bitcoin is dead for real this time.

[ChartBuddy]

Explanation

[shahzadafzal]

OT:
https://news.sky.com/story/covid-19-vienna-brothel-offers-customers-30-minutes-with-lady-of-their-choice-in-exchange-for-coronavirus-jab-12464616