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

[shahzadafzal]

Awesome image

Let see how long they can hold? A day? A Week? That’s it?

[somac.]

Awesome image

Let see how long they can hold? A day? A Week? That’s it?

My bet, ATH in January.

Excluding any bullshit by the FED.

[shahzadafzal]

Awesome image

Let see how long they can hold? A day? A Week? That’s it?

My bet, ATH in January.

Excluding any bullshit by the FED.

Why not Dec who’s stopping? Fed.?

Edit:
Something for feds in my next post.

[somac.]

Awesome image

Let see how long they can hold? A day? A Week? That’s it?

My bet, ATH in January.

Excluding any bullshit by the FED.

Why not Dec who’s stopping? Fed.?

We had a pretty big flush, it will need a bit of recovery time I think, so January is my bet.

[cAPSLOCK]

So quickly we go from "December is going to be CRAAAAZY" to:



I think the mistake that gets made is the idea that history repeats itself.  Which, of course, it sort of does, and never does.

The stage is SO different now than it was a few yeas ago.  And it has to be since we are talking about orders of magnitude more value coming in...

I would leave the seat belt on just in case.

[dragonvslinux]

I thought I'd try share a more informative form of TA, as opposed to the usual up or down theories. Here's the influence of Bitcoin's long-term MAs on a short time-frame:



The yellow dotted line is the 200 Day MA, while the 50 Week MA is the red dotted line. Price initially found support at the former, and is now finding support at the latter. The only concern now on shorter time-frames, as drawn above, would be a bear flag pattern targeting lower lows. This isn't what I would expect to occur however given the long-term bullish pressure on price that is now taking affect at key support, as opposed to failing at key resistance ($59K-61K) as we previously saw. The long-term picture remains fully bullish, while price is finding support from it's long-term moving averages, as expected in a bull market.

On the Daily time-frame, price continues to hold the VPVR point of control (volume profile) from the past 4 months of trading, from $40K to $69K, in the $49K-51K support zone;



Price otherwise remains fully in it's long-term uptrend now with further confirmation, completely unaffected by the recent correction, at the 0.5 fib retracement level from annual lows to annual highs:



As many of you probably know by now, $2B long positions were recently liquidated, opening the doors for further speculation to the upside with less risk from a traders point of view. Not forgetting that buying the long-term moving averages in a bull market is one of the strategies of choice from investors, as requires limited consideration with a high risk/reward return.  So until these long-term MAs are convincingly broken, ie multiple Daily closes below the 200 Day MA ($46.6K), followed by closing a Weekly candle below the 50 Week MA ($47.4K), price remains fully bullish long-term, even if looking potentially bearish in the short-term.

If not obvious from the analysis above, the bulls are buying up the long-term moving averages, in the anticipation of higher highs in the near to long-term future. Buy fear & sell greed.

[shahzadafzal]

it could/can all be so simple

People have started speaking about it... this is the transcript from below YouTube video discussing about Ponzi scheme

The Largest Ponzi Schemes in History

"According to some economist the entire Federal Reserve System is a Ponzi scheme"

Michael Snyder wrote:
"The Fed is the biggest Ponzi scheme in the history of the world, and if the American people truly understood how it really works, they would be screaming for it to be abolished immediately."

From 22:20 to 23:55  https://youtu.be/5S-ZjGvOZ1A?t=1340

and some top comments on this video

As a finance teacher, I can tell you that not only the Fed but any central bank is "technically" a ponzi scheme. Not only that. But the banking system and the monetary system they are the biggest player of, are much larger ponzi scheme too. If everybody tried to withdraw money from their bank at the same time there would be only a fraction of it... But the governments would be there to reassure depositors with their own ponzi scheme (public debt that will never be paid back, but rolled over and over...). And the central bank is there to help with its unlimited money creation (sometimes called money printing). But, contrary to the other ponzi schemes these are legal, and they work... and the worst that can happen is that either a sovereign default (more typical of emerging countries) or high inflation due to excessive money creation (typical of developed countries, but also some emerging countries)

[BobLawblaw]

So quickly we go from "December is going to be CRAAAAZY" to:

😂💯

[naim027]

CRAAAAZY

This is the first time I saw a Proper cAPSLOCK from you. Even your Username is not a Proper CAPSLOCK.
Anyways, Congratulations!!!  

[AlcoHoDL]

Sorry, no drone pics of deep snowy winter today, shit my guts out last night.
Mood: Very much dark side.
Condition: Exhausted, dehydrated.
Actions: Cancelled all external activities for today.

Have a nice day, hope MF king daddy pumps today, after the european markets cleaned up their mess.

Get well soon man, hope whatever it is clears away in no time and you're out of memory again.

Things are really busy IRL for me, so I've got to skip long posts and resort to meme-type replies. I must have missed your drone post(s).

Speaking of drones, many thanks to Bob for mentioning the Autel Evo a few pages back, was not aware of it, had the impression DJI was still king, but it looks like there's a worthy competitor out there. Good for them, good for us.

Back on topic, let's hope King Daddy pumps much more than it dumped... Closing the year in 6 digits would be awesome. Not very likely, but you never know... King Daddy likes to surprise us.

[aoluain]

Checking in on the "Fear & Greed" index for the Bitcoin ^{King Daddy} we have gone
from Greed to Extreme Fear so this indicator points to an upswing ~

The greed indicator coinciding with the run up ... and correction thereafter.

[ChartBuddy]

Explanation

[naim027]

New Meme, Created by me: 

[ChartBuddy]

Explanation

[serveria.com]

New Meme, Created by me: 

Not bad. I'd just erase the "-40%" below the "shitcoin trader" text that'd make much more sense IMHO. 

[serveria.com]

Checking in on the "Fear & Greed" index for the Bitcoin ^{King Daddy} we have gone
from Greed to Extreme Fear so this indicator points to an upswing ~

The greed indicator coinciding with the run up ... and correction thereafter.

Fuck this fear&greed index! We've got the best furry llama indicator here on WO! 

[vapourminer]

New Meme, Created by me: 

Not bad. I'd just erase the "-40%" below the "shitcoin trader" text that'd make much more sense IMHO. 

then we need the typical WOer response to  -50%   ...   ZZZZZzzzzzzzzzzzzz

[ChartBuddy]

Explanation

[hisslyness]

Checking in on the "Fear & Greed" index for the Bitcoin ^{King Daddy} we have gone
from Greed to Extreme Fear so this indicator points to an upswing ~

The greed indicator coinciding with the run up ... and correction thereafter.

Don’t we still need to visit DED territory?

[cAPSLOCK]

CRAAAAZY

This is the first time I saw a Proper cAPSLOCK from you. Even your Username is not a Proper CAPSLOCK.
Anyways, Congratulations!!!  

But you see, the first letter of my name is capitalized!

As to the spring up we are all hoping for?

We sure aren't seeing much volume.  We are right back to pre spike/crash levels. 

Retail is NOT interested.

We need an OTC desk volume indicator.  One strange thing about Bitcoin is it is ultimately traceable but if a family office buys 1000 BTC from Coinbase's dark pool, AND Coinbase is the custodian.  How would anyone aside from Coinbase and the buyer know it had happened at all.  I could even see some situation in which this would be PREFERABLE to the buyer, although the world we are moving towards (Don't trust. Verify.) is going to want those ledger entries after enough shenanigans happen OFF ledger.

This is also the main reason why I have been grumping at all the idiot monero people acting like BCASHers yelling about how Bitcoin is broken because it is transparent.  I get the sentiment, but I also see Bitcoin's transparency as a feature, not a bug.  It will take time for a lot of people to realize this...