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

[savetherainforest]

Fuck it.

Bought some more.

Good for you! Keep holding my bags plz.!

Price currently at the 0.618 fib retracement level from Summer low to new ATH. Don't be surprised to see a "coincidental" bounce from here from "the middle of nowhere".



Currently not ruling out $50K-53K support being tested, nor the 200 Day MA around $46K, that also line up with the 50 Week MA support trend-line, but it's also not necessary.
For reference sake, the 0.618 retracement level is considered the "golden buy zone" based on expected retracement level (correction) from bullish rallies.
Naturally, closing a Daily candle below this level would likely confirm further downside towards stronger support, but the day is currently far from over...

So.... I'm not saying $45K.... but........ neither $49K does not seem feasible. I'd say $47-48K and we have a deal. A bargain I might say! !! !!!          

[philipma1957]

I got more dip today.

I will get some more later.

[bitcoinPsycho]

I got more dip today.

I will get some more later.

Same

[philipma1957]

I got more dip today.

I will get some more later.

Same

I want to stack all I sold for gear this fall.

that would be .5 btc so far so good.

[Paashaas]

Everything "non essential" forced to close at 5pm daily in The Netherlands from Sunday because of the extremely dangerous deadly mutating Coronavirus.

Interesting comment I just read:

"Then we will just reverse everything. Go to the pub from 12pm-5pm and THEN go to work."

 

Stop lying and overexaggerate the situation. B.1.1.529 is not even active here, only 1 case in Belgium so far.

Hospitals are struggeling again with Delta patiens, doctors asked the goverment to take extra steps for some relief.

Did you ever seen a really sick Covid patient in the hospital? Shall i pick you up and drive to one of those hospitals to see it yourself?

Most of you anti-vaxxers clearly have absolutely no idea what they are talking about, living in their own conspiracy theory bubble.

Go help yourself find a doctor, go on vacation, do some sports, read books. Clear your mind with that bullshit otherwise you always stay in that conspiracy bubble.

[d_eddie]

It would be oh so nice to fuck back these option fuckers. A form of gamma squeeze like what happened with GME, or something. Buying a full bag of lowish strike puts, just to stop the bearwhales from fucking with low prices. it takes knowledge and a shitload of money though.

I just hope they pick up their last penny while hearing the steamroller arriving slowly... only this time it's running like hell. Hurt them for good at least once, and likely they'll remember for a long time. Are individualistic, libertarian bitcoiners really worse than Reddit apes when it comes to coordinated tactics?

Time is on our side anyway, yes I know - but I am rightfully pissed off.

[ChartBuddy]

Explanation

[El duderino_]

So many dip buyers

Didn’t realize there where so many BTC’s

 

[Biodom]

It would be oh so nice to fuck back these option fuckers. A form of gamma squeeze like what happened with GME, or something. Buying a full bag of lowish strike puts, just to stop the bearwhales from fucking with low prices. it takes knowledge and a shitload of money though.

I just hope they pick up their last penny while hearing the steamroller arriving slowly... only this time it's running like hell. Hurt them for good at least once, and likely they'll remember for a long time. Are individualistic, libertarian bitcoiners really worse than Reddit apes when it comes to coordinated tactics?

Time is on our side anyway, yes I know - but I am rightfully pissed off.

This is almost nothing to do with options whatever.
Markets are simply reacting to news about a new variant, rightly or wrongly.
I wouldn't bother with options here.

[d_eddie]

You think? To me it's a strange coincidence for this to happen on this very day. One in 30 chance, more or less. Bayes theorem no?

[Biodom]

You think? To me it's a strange coincidence for this to happen on this very day. One in 30 chance, more or less. Bayes theorem no?

btc dropped coincidentally with EVERYTHING else (risk assets), that's a real correlation.

[cAPSLOCK]

So many dip buyers

Didn’t realize there where so many BTC’s

 

There will ALWAYS be BTC for sale!  It's just going to be a little while before any of the sats I own move.  Except maybe to new taproot addresses... though I still have not figured out how taproot works lol.

[psycodad]

Makes me wish I had some extra fiat to sell.

I like your way of thinking!
We are not buying bitcoin, we're dumping fiat before it goes to zero and is dead!

[DaRude]

There's more volume on conbase in 15min than their ask order book to $62.000

[d_eddie]

It’s dead.

Death by covid. Bear market, sure. CNBC know what they're talking about, It's obvious.

[ChartBuddy]

Explanation

[JayJuanGee]

Looking at Bitstamp's 5min chart reminds me of those cute memes that proudhon posts.

He knew. He always knew.    

Hahahahahaha

Gotta send an smerit for this kind of humor....   Insights regarding the profundities of bitcoin coming from such strong 5-minute chart revelations.

 

I welcome another market drop caused by covid. Last time this happened you could scoop up btc at around $3500, if you hodl it at current rates you're up what.. 1600% ish? Bring it on 

But?

What would be the new $3,500?

I hate to say.

Perhaps $46k?  or maybe $52k?  or some other number?  It's difficult to get me excited about picking up BTC when I have more than enuff... but sure, I can relate to the fact that other peeps might feel good (or better) to pick up a few more BTC along the way...

Don't get me wrong.. I am buying on the way down.. and seems that my buy orders started executing in about the $61k price arena.. and sure they have been executing around every $1k DOWNity.. not exciting for me, but just a part of the process... and by the time we get up to either $61k or even $69k again, then I will have a wee bit MOAR sats than the first times that we were there.. and sure we have ONLY been to $69k once, so far.. ... but the odds seem pretty good that we are getting there again in the next 2 weeks to 4 months... and I would be somewhat surprised if $69k were to end up being our ATH for this calendar year... but I would not be shocked or flabbergasted as perhaps some peeps might be quite devastated by such a decently lovely number that might end up serving as a bouncing board for 2022.. perhaps?  or maybe not.. but still does not feel like a bad place to be for the year and does not feel as if we are going anywhere negative, even if some of the no coiners and bitcoin naysayers might be starting to make such proclamations.. which just seems to serve as a potentially great fuel for either a late 2021 or early 2022 reckening.. perhaps?  Maybe?  Maybe not?  how can any of us know with any level of certainties?

[OutOfMemory]

It’s dead.

Death by covid. Bear market, sure. CNBC know what they're talking about, It's obvious.

I don't even get WHY markets dump because of the news.
What do you do with all the fiat after selling your assets?
Or is it more about "sell before everybody else is selling, to get in again after everybody has sold"?

[goldkingcoiner]

It’s dead.

Death by covid. Bear market, sure. CNBC know what they're talking about, It's obvious.

I don't even get WHY markets dump because of the news.
What do you do with all the fiat after selling your assets?
Or is it more about "sell before everybody else is selling, to get in again after everybody has sold"?

Last weekly candle was well in the red. So I think this is just people selling because they think the expected dump might go deeper because of the covid news. Any hopes of last weeks candle being a bear trap are gone. The dump goes on.

[ChartBuddy]

Explanation