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

[ChartBuddy]

Explanation

[Raja_MBZ]

Someone's working real hard to make the chart look as uglier as possible... on literally every timeframe.

Is it going to work, boss?

Is the 200-week MA going to start to serve as resistance rather than support? 

that would be something, no?

It was nice knowing 200-WMA, and even though we put our trust into it before, it's time to forget it and all similar log models. We're probably going to remain stuck between $15k-$30k for a few years now; just SOMA™ prediction though.

[Hueristic]

Someone's working real hard to make the chart look as uglier as possible... on literally every timeframe.

Is it going to work, boss?

Is the 200-week MA going to start to serve as resistance rather than support? 

that would be something, no?

It was nice knowing 200-WMA, and even though we put our trust into it before, it's time to forget it and all similar log models. We're probably going to remain stuck between $15k-$30k for a few years now; just SOMA™ prediction though.

Still waiting to buy back?

[Raja_MBZ]

Nah, been buying slowly all this time & have a nice bag now.

[ChartBuddy]

Explanation

[BitcoinBunny]

Back under 20K.

Inflation hedge my ass.

 

[Gachapin]

Back under 20K.

Inflation hedge my ass.

 

I wouldn't blame Bitcoin for people not understanding it yet.

[Biodom]

Back under 20K.

Inflation hedge my ass.

 

Over long time, maybe.
On the other hand, it is still not clear what bitcoin is over the long time horizon (because it is only 13 years old, basically a teen).
The only thing I know: it is better than what came before it (fiat).
Good enough for me.

[vapourminer]

the caturday morning wall report

[...]

listing hard to starboard
damage control parties report to the bilge and contain flooding
all hands set condition zed

well, ok, as long as i dont have to get out of bed and do anything.

[ChartBuddy]

Explanation

[Gachapin]

Back under 20K.

Inflation hedge my ass.

 

...maybe take a look at Gold aka the global inflation hedge.  Quite shitty if you ask me.  It was higher in 2011/2012.



I think in 3 years BTC will oscillate in the 100k-500k range

[ChartBuddy]

Explanation

[JayJuanGee]

Someone's working real hard to make the chart look as uglier as possible... on literally every timeframe.

Is it going to work, boss?

Is the 200-week MA going to start to serve as resistance rather than support? 

that would be something, no?

It was nice knowing 200-WMA, and even though we put our trust into it before, it's time to forget it and all similar log models. We're probably going to remain stuck between $15k-$30k for a few years now; just SOMA™ prediction though.

That's too bad....

Back under 20K.

Inflation hedge my ass.

 

You seem to have lost your way BBunny.

Maybe you should go back to posting hot babes on the regular?


I miss the ole BBunny.  He was less political too.

 

[OgNasty]

Support is holding up pretty well all things considered. This week will be interesting to see how the market responds to a potential wave of asks hitting exchanges. I suspect we’ll see the recent lows being tested but you never know. I wouldn’t be shocked if the market jumps up once the mtgox news is official either.

[348Judah]

altcoins can do you worse than this, invest in bitcoin and avoid shitcoins, buy the dip and smile at the bull.


https://twitter.com/CoinMarketCap/status/1563194561807224832?t=z2DD0ORACWDm9dwEpxWZ4A&s=19

[LFC_Bitcoin]

We're probably going to remain stuck between $15k-$30k for a few years now; just SOMA™ prediction though.

Maybe for 18 months, yes. The next halving is estimated April 2024, I expect us to be around $40,000 then & then obviously the next bull begins as we peak at something like $200,000 in late 2025.

Nobody should be under any illusion though, we are absolutely 100% in a bear market now. Should last another 18 or so months.

Cheap coins are a gift, boys. Don’t waste the opportunity that the next 18 months brings you.

[ChartBuddy]

Explanation

[Piesel]

Back under 20K.

Inflation hedge my ass.

 

Bought more BTC @19k. before the bounce back to 20k.
Nice move it got me off my hat for a while.

[LFC_Bitcoin]

Back under 20K.

Inflation hedge my ass.

 

Compare inflation since 2009 to the bitcoin price increase in that time period. You’ll see bitcoin has done rather well in that comparison.

[ChartBuddy]

Explanation