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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26373123 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.)
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July 08, 2022, 04:10:20 PM

Re ringworld-awesome sci-fi, not sure it could be detected with JWST, though...if it exists.
Generally, no systems are 100% efficient and heat radiation occurs.

Ringworld definitely not 100% efficient due to being a ring. Standard gravity presumably more important than worrying about suns burning out. Still an amazingly huge land area.
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July 08, 2022, 04:14:02 PM
Merited by El duderino_ (10), Arriemoller (1), OutOfMemory (1)

EDIT: Fuck Brexit! On every second item i order from the UK, shipment gets halted at customs office because of "missing import license". Fuck you, Boris!

Have you considered that your problems are *caused* by an oversized and overbearing government and asking for a bigger and less accountable one to overcome them is looking at things somewhat askew?
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July 08, 2022, 04:43:55 PM
Merited by El duderino_ (10), fr4nkthetank (1)

Big internet outage in Canada today.
It's affecting everything.  INTERAC is down, debit card transactions are unavailable, 911 emergency services are unavailable, self-checkouts at many retailers are unavailable and it's been going on since 5am DST with no word of the cause.  All the Green P parking in Toronto is free today because their system is down. I think I'll stay home anyway.   We are so dependent on internet and cell phones; centralization sucks today.

Edit: Thanks for the bitcoin price site tips everyone!  My cell provider is up but connectivity is sketchy so I'm having problems loading the bitcointalk pages.

 
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July 08, 2022, 04:46:46 PM
Last edit: July 08, 2022, 05:08:33 PM by Biodom
Merited by ivomm (1)

Price speculation is great, few points, however:

1. Every new cycle is different.
2. We are due for a large bounce, perhaps, but it could be a long "flat" instead (maybe at a small upward angle to stay close to 200WMA).
3. BIS says to banks that 1% in bitcoin (and other stuff) is OK. I believe that they have up to 5% for gold. Gold is at 10-12 tril. 1/5 of gold is 2-2.4 tril or 100-120K for btc (or 50-60K if bitcoin is 50% of the complex). Novogratz also mentioned something along the lines that current bitcoin and etc infrastructure can support 2tril valuation.
4. It is likely that we would have a front-running situation, like in 2019, but maybe even more amplified.
5. Some hodlers might take money off the table at 50-60K just because by then they would be exhausted and fear yet another top at those prices.

Conclusion: there are no most likely paths, but $100K-180K top appears most likely with a distinct possibility of something worse (like 60K).
however, the latter would probably mean much milder bottoming process.
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July 08, 2022, 05:01:21 PM


Explanation
JayJuanGee
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July 08, 2022, 05:58:30 PM

EDIT: Fuck Brexit! On every second item i order from the UK, shipment gets halted at customs office because of "missing import license". Fuck you, Boris!

Have you considered that your problems are *caused* by an oversized and overbearing government and asking for a bigger and less accountable one to overcome them is looking at things somewhat askew?

Maybe they need more guns?

Asking for a friend.

Big internet outage in Canada today.
It's affecting everything.  INTERAC is down, debit card transactions are unavailable, 911 emergency services are unavailable, self-checkouts at many retailers are unavailable and it's been going on since 5am DST with no word of the cause.  All the Green P parking in Toronto is free today because their system is down. I think I'll stay home anyway.   We are so dependent on internet and cell phones; centralization sucks today.

Edit: Thanks for the bitcoin price site tips everyone!  My cell provider is up but connectivity is sketchy so I'm having problems loading the bitcointalk pages.

It appears to be fairly obvious (emphasis added by yours truly in case you missed it) that Canada has been serving as the testing grounds for the PTB to figure out a way to shut down the bitcoins, deee cornz... my lil precious....

They are doing a preliminary run.. #justsaying.


Novogratz also mentioned something along the lines that current bitcoin and etc infrastructure can support 2tril valuation.


Fuck Novogratz that slimy little shitcoiner and rug-pulling scammer (how's that Luna tatoo working out for ya? asking Novogratz, in abstentia).  

Novograts would not know a bat, if it were to slap him in the face. for funzies


By the way, Bitcoin was already at $1 trillion (when we are at $54k. and thus nearly $1.3 trillion when at $69k), and it surely seems to be the case that bitcoin already has security and infrastructure that would fairly easily support 10x to 100x of the amount that it already reached... so Novo can fuck off with his wimpyp-ass proclamation that bitcoin infrastructure can support a $2 trillion market cap.

He might not even know what bitcoin is.. He is too busy pulling the rug from retail in various ways on a regular and ongoing basis.


4. It is likely that we would have a front-running situation, like in 2019, but maybe even more amplified.

That's fair.  Something like that would create even additional carnage of gamblers (likely deserved, too).

$100K-180K top appears most likely with a distinct possibility of something worse (like 60K).
however, the latter would probably mean much milder bottoming process.

Huh?  Are you talking about these various tops within the next year or two? or three years? or some other time frame?  or are you still referring to a kind of 2019 front running scenario?

There surely would be a difference of the timelines that are contemplated if there were like a 2019 front running, and if you are referring to that, then such a thing could happen quickly.. but then have decent after effects..

The 2019 front running had caused something like 3.3x price run in 3 months, but the top of $13,880 was still 30% below the then ATH..   A 3.3x now would put BTC at right around the ATH.. and so I don't know.. .. and I also would not expect that BTC prices could shoot from here right through what might be our current deadman's zone (of about $62k to $90k) if it were to go straight up into that deadman's zone..

Surely if we were to get consolidation before getting into what I consider to be the current deadman's zone, then it becomes more possible to shoot through it... but sure anything can happen.. even though I personally refer to attempt to address more likely possible scenarios rather than incorporating extreme scenarios into the base case of more likely scenarios.. even though the extreme scenarios could happen, it is usually not a good practice to describe extreme scenarios as a kind of base case plausibility, even if such extreme scenarios could end up playing out.  

Furthermore, it seems to be getting a wee bit ahead of ourselves to even be trying to figure out legs beyond something like a shooting up scenario (like the April 2019 event), even if that scenario might play out.. .and it may well even be a kind of minority scenario anyhow, even if it had happened previously and not even that far back in bitcoin's history.
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July 08, 2022, 06:04:59 PM


Explanation
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July 08, 2022, 06:38:59 PM
Merited by El duderino_ (10)


tradingview isn't cool anymore?

 Not. Even. Close.


Tradingview masterrace! You can share your ideas and get likes to boost your ego on Tradingview. You people are just hipsters  Tongue Roll Eyes


Looks like a less developed but more stable version of cryptowatch but does not even seem to have simple Heiken Ashi candlesticks.

4/10. my eyes.

I use worldcoinindex.com for that very reason. Ticker on the top shows current price in BTC/USD, BTC/EUR, BTC/CNY, BtC/GBP, BTC/RUR & Total BTC Volume/Total Alt Volume. Automatically updates every few seconds. It's just simple & handy. Had never heard of Preev.com

Looks like a worse version of coinmarketcap. 1/10
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July 08, 2022, 06:45:09 PM
Merited by El duderino_ (8)

the noon wall report at 11:44am


dyor


4h



D



W

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July 08, 2022, 06:47:26 PM
Merited by JayJuanGee (1)

This week bitcoin candle has more Indication for rise amidst others assumptions that it may go more dip to $16k, while the position at current situation gives more Indication for a rising and this has been predicted by many using varieties of theories in explaining it, one of the said explanation gives an analysis using Adam and Eve graphical illustration on the price speculation.

Bitcoin price has been down upto 70% since late last year but more likely to rise by 30% between the Q3 and Q4 of this year.

The First Scenario

Quote
The Adam-and-Eve pattern resolves after the price breaks above the resistance line, accompanied by a rise in trading volume.

As a rule of technical analysis, the breakout's target typically comes at a length equal to the maximum distance between the pattern's lowest point and resistance line.
https://cointelegraph.com/news/this-biblical-bitcoin-pattern-suggests-btc-price-can-rise-30-by-october/amp


The Second Scenario

Quote
Dubbed an "ascending triangle," the continuation pattern forms when the price consolidates inside a horizontal trendline resistance and rising trendline support, following a sharp move higher or lower.

Interestingly, it appears to be forming on the daily-candle chart after Bitcoin's downtrend, suggesting more downside is likely as price meets overhead resistance, as shown in the chart below.
https://cointelegraph.com/news/this-biblical-bitcoin-pattern-suggests-btc-price-can-rise-30-by-october/amp
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July 08, 2022, 07:01:20 PM


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July 08, 2022, 08:01:22 PM


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July 08, 2022, 08:06:51 PM

EDIT: Fuck Brexit! On every second item i order from the UK, shipment gets halted at customs office because of "missing import license". Fuck you, Boris!

Have you considered that your problems are *caused* by an oversized and overbearing government and asking for a bigger and less accountable one to overcome them is looking at things somewhat askew?

If you're importing from the UK you are doing something wrong...
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July 08, 2022, 08:19:18 PM
Merited by fillippone (3), goldkingcoiner (1)

Week 26 Report some of the things to notice the most important onw is the Delta level, Its says that spot is still untouched but now aftwr break of 22K resistance I'm Highly Bullish still Cycle Period Unknown.

The other Ranges compared to the Previous Cycle are satisfied but now trying to find how and on what level Delta level can be triggered, But 1 important thing is in Previous all cycle's the 200 Spot is Absolute Low but his time it's Broken what's the effect of that i really don't know.








Thats the Thing which can be relatable, All of weak hands now vanished they will buy now on ATH good Luck,





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July 08, 2022, 08:55:25 PM
Merited by JayJuanGee (1)

Oh my fucking Gox  Shocked
I consider the odds that "repaid" Gox Users will keep most of their coins in this bottomy times to be quite high, but i'd not be surprised about a steep rise, followed by a 2017/18 like blow-off top. Strange, but i am kind of awaiting a double top like this since the beginning of 2022, and so far everything fell in place. On the other hand, i wouldn't be surprised much more if King Daddy will be choosing a (very?) different route.

 Cool

EDIT: Fuck Brexit! On every second item i order from the UK, shipment gets halted at customs office because of "missing import license". Fuck you, Boris!

You are lucky, in Sweden everything from outside EU is automatically charged with customs fee and VAT, and it has to be paid or the customs will not release your shipment.

It used to be that you were supposed to pay it yourself after you received your package, but nobody did, so they changed the sysytem.
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July 08, 2022, 09:05:00 PM


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July 08, 2022, 10:04:54 PM


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July 08, 2022, 10:09:54 PM
Merited by nanobtc (1)

It seems to me that people are getting a little too comfortable with the idea that the bottom is behind us.  Especially as the mtgox coins are closer to being distributed.  Granted, as soon as the mtgox cloud over the market is no more, we should see a monster rally.  People going long right now though are taking a pretty big gamble that the market will be able to absorb more than 100K BTC.  I'm not a market timer, but I'd be careful here.  The market appears to be setting itself up for a pretty buy 'buy the rumor, sell the news' moment.  DCA is always a good idea, but if I were betting the farm all in one spot, I'd wait until we see how the market reacts to the gox coins.  I'd rather lose a few % on the upside than risk losing half because I wanted to grab the absolute bottom.
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July 08, 2022, 10:39:38 PM

EDIT: Fuck Brexit! On every second item i order from the UK, shipment gets halted at customs office because of "missing import license". Fuck you, Boris!

Have you considered that your problems are *caused* by an oversized and overbearing government and asking for a bigger and less accountable one to overcome them is looking at things somewhat askew?

On second glance, sure af.
It was quite an emotional edit.
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July 08, 2022, 11:03:27 PM


Explanation
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