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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26372159 times)
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ChartBuddy
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April 24, 2024, 02:01:14 PM


Explanation
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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April 24, 2024, 02:03:40 PM

...One article for JJG and anyone else interested in 200 day moving averages:
https://www.coindesk.com/markets/2024/04/23/bitcoins-200-day-average-is-approaching-a-record-high-heres-why-it-matters/?_gl=1*1l849lo*_up*MQ..*_ga*NjA4ODI3ODUuMTcxMzkwMjgwNg..*_ga_VM3STRYVN8*MTcxMzkwMjgwNS4xLjAuMTcxMzkwMjgwNS4wLjAuMTAxNjQ0Nzk4Mg..

Edit:  Similar to what Biodom and AlcoHodl pointed out...

I don't give too many shits about the 200-DMA. (Daily)

However, I do remain quite a bit obsessed with the 200-WMA. (Weekly)

Think about it, the 200-DMA is the average BTC trade volume price for nearly 7 months, so that is a fairly short-term indicator, and the article describes it as a "long term indicator" which may well be true for traders, but fuck traders.  hahahahahaha  #nohomo

So yeah, the 200-WMA is tracing the 4-year BTC traded average BTC price, and so it is a much longer period of time, and so far in bitcoin's history the 200-WMA has ONLY been trending up (and so it is continuously making ATHs), and from my perspective, it is both important for long term holding and for valuating your BTC stash, which also might help you in terms of managing your BTC stash, too..
I couldn't agree more with you on your viewpoint about the 200-DMA as a short-term indicator and the article making it appear to be a long-term indicator would actually be a lot more relevant to a trader's viewpoint, not an investor.

If you truly monitor and pay close attention The 200-WMA trend, you'll know that it has indeed been trending upward and breaking through current ATHs and making new ones continuously, which we can confidently consider to be a huge contribution to Bitcoin's long-term growth.

Yeah, the 200-WMA has also proven to be extremely helpful when it comes to long-term holding as well as evaluation of one's Bitcoin stash because the ability to manage one's Bitcoin stash effectively would require a great deal of understanding of the market trends as well as the indicators and what other tool could do a better work than the 200-WMA in that regard?

It has essentially been of help, especially to long-term investors and HODLers because of it's ability to smooth out the short-term price fluctuations, providing a more transparent and clearer picture of the overall trend.
Investors who track the 200-WMA can be able to see the upward trajectory of Bitcoin's price over the years without putting much consideration to the short-term fluctuations.
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April 24, 2024, 02:25:36 PM

70K today?

It would be really nice, but I think they will try to avoid the 75k shortsqueeze as much as they can
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April 24, 2024, 02:37:12 PM

One of the reasons I got so pissed off at that Civil War movie is that they painted "journalists" in such an objective and awesome light.
On average they are loud mouthed imbeciles these days it seems to me.
I only glance at articles and instantly spot mistakes, especially with money mistakes.

Just look at the sheer stupidity in "news" articles these days.

Apparently the dollar has lost 99.9% of its value overnight?  Cheesy

US approves $95bn aid package for Ukraine and Israel
https://uk.yahoo.com/news/senate-passes-ukraine-aid-deal-040200462.html

Quote
US officials said about $1bn (£802,000) worth of the aid could be on its way shortly, with the bulk following in the coming weeks.

A billion, a million, 802,000. What's the difference eh?

MSM Journalists are probably majority intelligence agency operatives these days. The CIA, NSA, etc have been infiltrating them for decades now. And the rest as you say are stupid.

Independent journalists on the other hand can be very much the opposite.


I totally agree..


Talking about independent journalists, this is a very rare and really interesting interview with Pavel Durov the Telegram founder ..and fellow Bitcoiner:

https://tuckercarlson.com/the-tucker-carlson-interview-pavel-durov/


... really nice guy if you ask me
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April 24, 2024, 02:44:45 PM
Merited by JayJuanGee (1)

Drrrrrop!

https://www.coindesk.com/policy/2024/04/24/binance-founder-changpeng-zhao-should-spend-3-years-in-prison-doj-says/

Coincidence?
Or Greyscale selling again?
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April 24, 2024, 02:59:54 PM


It could be about the CZ news....

I don't know why the hell there are people who operate in the financial market based on news haha... the news comes out, instantly the trader presses SELL... how crazy lol
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April 24, 2024, 03:01:16 PM


Explanation
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April 24, 2024, 03:05:21 PM
Last edit: April 24, 2024, 03:22:13 PM by Biodom


It could be about the CZ news....

I don't know why the hell there are people who operate in the financial market based on news haha... the news comes out, instantly the trader presses SELL... how crazy lol

It's the proposed sentence for CZ, I agree.
However, the reaction to me seems to indicate that the bull is currently a bit weak/finiky.
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April 24, 2024, 03:08:49 PM


It could be about the CZ news....

I don't know why the hell there are people who operate in the financial market based on news haha... the news comes out, instantly the trader presses SELL... how crazy lol

It's CZ proposed sentence, I agree.
However, the reaction to me seems to indicate that the bull is currently a bit weak/finiky.

seems some are front running the sell-in-May 'strategy'...
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April 24, 2024, 03:09:17 PM
Merited by JimboToronto (1)

Why should it ever be about CZ going in jail.... nonsense
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April 24, 2024, 03:11:48 PM
Merited by JimboToronto (1)

Why should it ever be about CZ going in jail.... nonsense


because bear tards need to cling onto every straw bad news they get ?
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April 24, 2024, 03:14:33 PM

Why should it ever be about CZ going in jail.... nonsense


I value your opinion.
But, think about all those leveraging Degen-Traders on Binance...
However, in hindsight it will be a small blip (or only a red wick downwards).


because bear tards need to cling onto every straw bad news they get ?

Could be one of those traps, too.
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April 24, 2024, 03:23:28 PM

Why should it ever be about CZ going in jail.... nonsense


It shouldn't, but tard traders react-timewise, a perfect correlation.
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April 24, 2024, 03:24:39 PM

Why should it ever be about CZ going in jail.... nonsense


I also find this a bit absurd, but apparently it happens... as it was with SBF...

or retaliation and manipulation by Binance... anyway, we will never really know.
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April 24, 2024, 03:26:36 PM
Merited by bitcoinPsycho (1)

Why should it ever be about CZ going in jail.... nonsense


I also find this a bit absurd, but apparently it happens... as it was with SBF...

or retaliation and manipulation by Binance... anyway, we will never really know.


CZ does not deserve to go to jail for something that would have been possible without a centralized exchange like Binance anyway. The regulations are not enforceable as they are currently. At least not for cryptocurrency.
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April 24, 2024, 03:31:21 PM

Why should it ever be about CZ going in jail.... nonsense


I also find this a bit absurd, but apparently it happens... as it was with SBF...

or retaliation and manipulation by Binance... anyway, we will never really know.


CZ does not deserve to go to jail for something that would have been possible without a centralized exchange like Binance anyway. The regulations are not enforceable as they are currently. At least not for cryptocurrency.

He paid billions of dollars in the agreement with the government, this should have been completely resolved by now... Very strange, isn't it?
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April 24, 2024, 04:01:14 PM


Explanation
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April 24, 2024, 04:12:18 PM


According to the article, it looks like April 30 is the date of the actual sentencing.
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April 24, 2024, 04:42:26 PM
Merited by bitcoinPsycho (1)

Just look at the sheer stupidity in "news" articles these days.

Apparently the dollar has lost 99.9% of its value overnight?  Cheesy

US approves $95bn aid package for Ukraine and Israel
https://uk.yahoo.com/news/senate-passes-ukraine-aid-deal-040200462.html

Quote
US officials said about $1bn (£802,000) worth of the aid could be on its way shortly, with the bulk following in the coming weeks.

A billion, a million, 802,000. What's the difference eh?

Used to be the UK billion was 10^12. Perhaps they corrected in the wrong direction...
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April 24, 2024, 05:01:14 PM


Explanation
Chartbuddy thanks talkimg.com
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