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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (1%)
7/28 - 11 (11%)
8/4 - 16 (16%)
8/11 - 7 (7%)
8/18 - 5 (5%)
8/25 - 7 (7%)
After August - 53 (53%)
Total Voters: 100

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26458470 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
OutOfMemory
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April 30, 2022, 11:42:05 PM

Oh no. This is uncomfortable now.

Nah, still above $37.500. No sweat (yet)

wait. are we supposed to be panicking or something? i would hate to be missing a good panic.

The bears want our coins, for cheap.
Remember?  Grin

Oh no. This is uncomfortable now.

Seems like the ApeCoin metaverse land sale is sucking funds out of the market. Everything crypto related is taking a bad hit as liquidity is being taken out everywhere. Bitcoin is holding up better than others as it has a much deeper bud market, but hopefully the pain ends in a few hours. I’d hate to think we don’t get some sort of a mini-bubble next month so that the “sell in May and stay away” crowd can get themselves a nice payout. It feels like the recession is already taking hold though. Stocks and houses seem like they’re headed over the edge of a cliff.

Stocks, houses....
Wait a sec.
2008?

Bitcoin was invented in the face of a global financial crisis.
What if Satoshi was right?  Cool

EDIT:
Finally, the most annoyingly slow download of all times just finished.
Good night to you all!
BobLawblaw
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April 30, 2022, 11:46:29 PM
Merited by OutOfMemory (1)

Oh no. This is uncomfortable now.
Nah, still above $37.500. No sweat (yet)
wait. are we supposed to be panicking or something? i would hate to be missing a good panic.
The bears want our coins, for cheap.
Remember?  Grin

Nah. This is the part where we just sit back in mock-horror, HODL, and watch the roller-coaster do its thing again.

Situation: Normal.
OutOfMemory
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April 30, 2022, 11:51:08 PM

Oh no. This is uncomfortable now.
Nah, still above $37.500. No sweat (yet)
wait. are we supposed to be panicking or something? i would hate to be missing a good panic.
The bears want our coins, for cheap.
Remember?  Grin

Nah. This is the part where we just sit back in mock-horror, HODL, and watch the roller-coaster do its thing again.

Situation: Normal.

Popcorn and beer recommended.  Grin
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May 01, 2022, 12:05:00 AM


Explanation
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May 01, 2022, 12:17:57 AM



Why would fighting a class war be any better?
How about national unity instead.
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May 01, 2022, 12:18:27 AM

Mariupol mayor: Russian military killed twice as many residents as Nazi Germany.

Vadym Boychenko said that in two years of Mariupol’s occupation during World War II, the Nazis killed 10,000 people. The Russian occupiers have already doubled the number of victims in two months of the Mariupol siege, the mayor said. “This is one of the worst genocides of civilians in modern history.”
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May 01, 2022, 12:20:55 AM
Last edit: May 01, 2022, 12:44:00 AM by JayJuanGee
Merited by fillippone (3), Hueristic (1)

When was the last time BTC had 5 consecutive red weeks?

This One is the latest and only.
Just in This year 2022 it comes true and Historical move that BTC made 5 Red Consistent Weekly Closing.

But in 2019 two times BTC made 4 time consistent Red Weekly Closing.

Source: Binance Trading History

wrong!

March 2020? I don't think so.

Sauce?

https://finance.yahoo.com/quote/BTC-USD/chart?p=BTC-USD
input 4/1 2019-4/30 2020 as dates, choose weekly barchart and...voila!

You sure, sir?



Duh! I told you how to reproduce the result. Instead, you put in some arbitrary numbers (that don't have enough time resolution).
Put in the numbers i gave you and then see for yourself.
If for some reason you can't do this, i would upload the screenshot somewhere and repost here.
Here you go:



I don't necessarily look at all of the responses before I respond, but on this one, I was having some difficulties trying to figure out where Raja might be going with this, and largely he did not really 'splain his lil selfie.. even though maybe we can kind of surmise that he is suggesting that the bitcoin price dynamics may well be in a more negative state of affairs than what many of us more bullmarket oriented members are willing to see.  In some sense, he is even causing Biodom to appear as if he were also in the bull camp..... hahahahaha which in the end does seem to show that we are not all necessarily as stubborn in our views as might be portrayed.

I did appreciate the beginning of OOM's response that seemed to start out by suggesting that the number of weekly red candles in a row did not necessarily have as much significance as Raja might have been striving to make it into, with his overly predictive attributions.  However, even OOM likely recognized that his post devolved into something that seemed to be saying that no candles matter, and I doubt that he had really intended to say that.

One thing is that we are not yet through this week's candle, so we actually have about 24 hours remaining in this week's candle at the time of this post of mine, and yeah it is seeming that the odds are pretty decent that this week's candle might well turn out red, especially given that it has to close above $39,465 in order to close in the green, and within the past hour (as I type this post) we had a decently large correction down from the $38,200-ish territory and now we are bouncing around in the $37,700-ish territory with a recent (within the past 30 minutes) dip down to $37,597... So, yeah we are seeming to need to recover $2k in the next 24 hours to get back into the weekly greenie (which we know that is not even that BIG of a feat in bitcoinlandia, but we cannot necessarily expect that it is going to magically happen).

Regarding the last time that we had 5 red weekly candles in a row (actually 6 in a row), it seems that it was
August 2014, and before that it was March 2014.  I am not necessarily wanting to take away from Biodom's research, but he was admittedly using Yahoo finance rather than our historical Bitstamp reference in this thread... so bitstamp does seem to have priority when we are trying to stay on the same page and not get too much in the weeds.. but even with Biodom's pointing out the 5 in a row in March 2020.. Bitstamp is close to showing that, but it has one red, one green doji candle and then three more red.. so technically Raja is correct, even though still trying to grapple with whatever point he is wanting to argue from the mere fact that there might end up being a rare 5 weekly red candles in a row in bitcoinlandia at this particular time in bitcoin's history.

I looked at the weekly candles on  https://bitcoinwisdom.io/markets/bitstamp/btcusd rather than at Tradingview, but it seems that if you pick Bitstamp you should get the same results on either of those websites.   I also saw that through the years, there are a lot of instances of many weekly green candles in a row, but there are ONLY a handful of instances of 4 or more weekly red candles in a row.. all the way back to 2012 there are only 10 instances (including our current streak).. namely:
February 2014
March 2014 (5 red weekly candles)
July 2014
August 2014 (6 red weekly candles)
December 2015
August 2016
September 2019
October 2019
June 2020
and
Our current set of weekly red candles that currently are confirmed for 4, and might reach 5 if this week candle closes lower than $39,465 as of tomorrow (Sunday) at midnight UTC.

Now that we have sorted out the facts, why is this information important Raja?

I know that you have had been presuming that we have been in a bear market since about June 2021.. and you so much want to be right in that you believe that means that the spot price is going to reach the 200-week moving average (which is currently at $21,500-ish), and you are quite stubborn in your belief, even though nearly two years have passed.. and you are still waiting.. so gotta give you some credit to the extent that you might actually be patient rather than a troll, but I suspect that you are largely just annoying in terms of really believing that you have been playing the bitcoin market correctly, even though you did end up being correct in regards to we have not really had much if any blow off top that was greater than April 2021 (at $64,895) - even though technically we did have a wee bit higher at $69k on November 2021.. so you can fuck off with trying to proclaim that you were right, or that everyone should be playing the BTC market the way that you have been playing it or even distracting their lil selfies with shitcoins... even though you likely might not be  doing bad for yourself.. even though really the vast majority of folks are not going to be fucking around with the kinds of gambling that you have been doing - even if you personally have some abilities to kind of call some of the aspects somewhat correctly.

So go ahead and tell us what you want to tell us?  

Do you want to proclaim that you are right about something?  or are you just trying to say that this time we really are going to get enough down to get to your pie in the sky aspirations of touching the 200-week moving average?

For sure, the 100-week moving average (at $34,750) does have greater odds of being touched, but I doubt that even that is guaranteed.. because we hardly even got close to the 100-week moving average in July 2021 when our lowest price got down to $28,600, and the 100-week moving average was around $20k at that time... furthermore,.. your wet dreams about meeting the 200-week moving average was even further of a fantasy because it was at about $13.5k back then, so you ended up not even getting close to either of those - even though you were waiting for the reaching of the 200-week moving average which seems to have been a gamble that did not work out too well for you at that time.

I am not even going to say that the 200-week moving average cannot be reached, and my newest practice has been to attempt to keep buy orders open all the way down to 15% lower than the 200-week moving average - just for my own psychology to attempt to benefit from worser case outrageousnesses that can happen in bitcoinlandia from time to time....

You can see the historical 100-week moving average here

You can see the historical 200-week moving average here

Yet, it still seems to me that without getting an outrageous top, it becomes much more difficult for bitcoin to go through an outrageous bottom as you still seem to be presuming to be inevitable and near within bitcoin's future...which maybe you need some kind of a bat-slappening to help you to snap out of that negativism in your thinking about king daddy.  yeah, we did get a touching of the 200-week moving average in March 2020, but really are you expecting that kind of a severe event again.. and is bitcoin going to react the same way - more than 2 years later.. I appreciate that there are some pretty damned severe baloney macro-jugglings going on in recent times, and there could be some BIG ASS panic events with bitcoin being way more liquid than a lot of other assets, but still seems to me that it is foolish to be putting very much emphasis on that and coming into this thread and acting like you have some kind of superior vision of negative scenarios when you have been singing the same tune for two years and just hoping and hoping and hoping for something that may well not happen.. but you still want to get some kind of credit for something happening that might be close to the scenario that you outlined.. even though you have had a lot of opportunity costs in the meantime.. and also likely polluting your brain (to the extent that you have one) getting involved in various shitcoin nonsense .. but hey pollute your lil selfie as you will.
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May 01, 2022, 01:04:55 AM


Explanation
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May 01, 2022, 01:19:09 AM


UGH are we dropping under 35k tonight or what?
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May 01, 2022, 02:04:55 AM


Explanation
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May 01, 2022, 02:25:00 AM

UGH are we dropping under 35k tonight or what?

Looks like we're recovering.

Expecting things to swing towards the upside next week. Hope I'm not wrong on this one...
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May 01, 2022, 02:28:38 AM

Damn!  Some of you are getting old.

https://www.theregister.com/2022/04/30/zx_at_40/

ZX Spectrum: Q&A with some of the folks who worked on legendary PC

INTERVIEW The Register took a road trip last weekend to celebrate the ZX Spectrum's 40th birthday, and visited The National Museum of Computing in Bletchley Park and the Centre for Computing History in Cambridge in search of the origins (and clones) of the rubber-keyed marvel.

Present at The National Museum of Computing (TNMOC) were hardware designer Richard Altwasser, computer scientist Steve Vickers, and Crispin Sinclair, son of ZX Spectrum inventor Sir Clive Sinclair...

 
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May 01, 2022, 03:05:00 AM


Explanation
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May 01, 2022, 03:28:13 AM

$38000!

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May 01, 2022, 04:03:28 AM


Explanation
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May 01, 2022, 05:03:28 AM


Explanation
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May 01, 2022, 05:11:25 AM

UGH are we dropping under 35k tonight or what?
I don't think so, there's no reason Bitcoin will goes to $35K. Soon it will back to $40K.
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May 01, 2022, 06:03:33 AM


Explanation
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May 01, 2022, 06:40:33 AM

UGH are we dropping under 35k tonight or what?
I don't think so, there's no reason Bitcoin will goes to $35K. Soon it will back to $40K.

Nope buddy 😊
Monthly Closing is under 20 MA which means .arket will continue to he in fear situation the coming week will decide.

I will must say there are the Chance below 35k. You can see that there is no bad news in market even there are many good news regarding BTC and crypto. Still 5 Consistent Reds but now this week will be green from the Support level of 37500 or 35000 lets see.
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May 01, 2022, 07:03:28 AM


Explanation
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