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

[lightfoot]

We are all going to die.

Yeah, I know.
Thank God I'm stoned.....

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[ChartBuddy]

Explanation

[El duderino_]

Still didn’t see the

“Horror” gif so we still good

Hodl

[Hueristic]

I much prefer reading WO when we are downity, I can almost sense how different folks deal with it in how they reply:

Meme poster - hiding behind humour
Miner poster - hiding behind dca at scale
TA/Charts poster - hiding behind perceived intelligence
Finger pointing poster - hiding behind blame
Hopium poster - hiding behind bull characteristics
FUD poster - hiding behind bear characteristics

The commonality is we all recognises the price movement we just express it different ways. I find that highly enjoyable to figure out who is who based on their posting habits purely as a distraction away from the downity. Did I miss any poster types?

[ChartBuddy]

Explanation

[El duderino_]

If things keep going like this….

I suggest CB to send in data every 15 min or 30 min….. For a while.

 

[Biodom]

Observing an awesome Lunar eclipse...in the South part of North Am...like a crawling shadow.
Got my telescope out, but it is clear without anything, even binoculars.

[El duderino_]

[El duderino_]

[ChartBuddy]

Explanation

[naim027]

[Paashaas]

4-hr RSI oversold, double bottom.

Going to eat catfood if it doesn't rebound.

[aysg76]

We have seen $5k below levels after the 2017 crash and the there were only red candles across the charts but if we have came up from that levels to new ATH of $68-$69k range just have faith that we will cross this also easily and just have past growth in mind and all that panic would fade away



I know these dips are sometimes frustrating for us but it's not the first time that we are witnessing these dips so why worry about this and convert it into opportunity for yourself and have more of Btc and why should whales have a the fun 

To all the bitcoin holders our $100k rocket is going to be launch soon and PlanB $98k target is not too away but these panic sellers are making reverse move and why the hell they can't hold on their nerves I don't know.But we just need to be patient enough to hold for long as selling out this time will be mistake.

The Bitcoin rocket is like this:



The shitcoin rockets look like this and might get burst before fueling also so be careful holders before talking shit about it :




This is Bitcoin milestone and history chart which depicts it's growth from 2011 over all these years and it seems appreciated growth levels which btc has shown over all these years:



This year we came up from $20k and this chart is missing new ATH of 2021 and even if it's now $56k we are still very good so keep investing if you can or just hodl as this chart is going to add on more tabular data of $100k soon and you will see it if you are no coiner or panic seller and you will enjoy it with big profits if you HOLD it.

[LoyceV]

Going to eat catfood if it doesn't rebound.

I know, right? Only $57k!

[naim027]

4-hr RSI oversold, double bottom.

Going to eat catfood if it doesn't rebound.

HODL. Don't Panic

[ChartBuddy]

Explanation

[shahzadafzal]

Going to eat catfood if it doesn't rebound.

I know, right? Only $57k!

Let’s get back to our favorite ramen noodles.

[ivomm]

This dip is too small to be recognized as a 'crash'. At the local bottom of 55850$ it is only 18.8% below the last ATH. The bulls are still aiming at 100K and they are stealing with a huge discount from the weak hands (again  ). Happy Black Friday to all that have fiat to buy the dip! There is no question that 100K can be reached in a few weeks when the whales decide to do it. Although the path looks longer starting with 56K compared to 69K, all those hundreds of thousands bitcoins sold now, won't block the way to 100K. I wasn't optimistic about PlanB predicitons, but now with this volume and oversold RSI's, the chance of getting 100K before 2022 has increased significantly.

[naim027]

This dip is too small to be recognized as a 'crash'. At the local bottom of 55850$ it is only 18.8% below the last ATH. The bulls are still aiming at 100K and they are stealing with a huge discount from the weak hands (again  ). Happy Black Friday to all that have fiat to buy the dip! There is no question that 100K can be reached in a few weeks when the whales decide to do it. Although the path looks longer starting with 56K compared to 69K, all those hundreds of thousands bitcoins sold now, won't block the way to 100K. I wasn't optimistic about PlanB predicitons, but now with this volume and oversold RSI's, the chance of getting 100K before 2022 has increased significantly.

For bitcoin, upside momentum continues to slow on the daily price chart, suggesting continued profit-taking among buyers. And the relative strength index (RSI) on the daily chart is not yet oversold, which provides scope for further downside in BTC over the short-term.

The 100-day moving average, currently around $53,000, could attract buyers similar to late September, which preceded a price recovery.

For now, intraday charts appear deeply oversold. This means buyers could defend immediate support around $56,000, albeit briefly given strong overhead resistance on the charts.

Source: https://www.coindesk.com/markets/2021/11/18/bitcoin-tumbles-to-three-week-low-under-60k-next-support-at-53k/

[ChartBuddy]

Explanation