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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3633. (Read 26735531 times)

legendary
Activity: 4382
Merit: 9330
'The right to privacy matters'
buddy do your job and push us over 33000
legendary
Activity: 2450
Merit: 2089
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
....

Yeah.. Nullius., you dweeb.  ....

Good ole Professor Nully has returned to bless us with his blah blah blah blah   Cheesy

I wonder If he's still all bummed out about that cat thingy...

Hmm, still didn't get that kitty story, though it's not that important to me.
However, according to his (new) posting history, does he also qualify as the new mindrust?

Asking for a friend...  Grin

The cat/kitten story has to do with insistently defending Lauda's reputation - especially after Lauda had already sent her fairwell message.  I am not unsympathetic towards defending Lauda - even though Nullius took such defenses to another level.

Regarding the new mindrust... I can see what you are saying... but something seems off about whether death_wish's situation would rise to that level.. and there seems to be a different kind of lesson that comes out of death_wish's situation as compared to mindrust's March 2020 situation.  

I would say that even though several of us were suggesting ways to attempt to cover his margin bets below $30k and perhaps down to $25k, it just seems too complicated to conclude that he did a mindrust - except his mindrust might have been when he set those kinds of dumbass margin orders in the first place, and death_wish did not tell us anything at the time that he had set the margin orders, but instead told that he was in a predicament when the train was about to hit him.. so a lot more difficult to know what could have reasonably have had been done to correct a situation that was already in a very precarious position by the time that the wall observer members found out about what kind of predicament he was in..  

It's similar advice that an attorney will give (or even an accountant) when a client comes to them like 6-12 months later than they should have come, and the train is about to hit them, and there is only so much that the attorney might be able to do at that time to either mitigate damages or to get the client out of a bad situation.  Surely a lot of people might realize that whatever situation that they are in is not a good one, and they know that they are dealing with a kind of dangerous fire that could end up exploding.. but they are in a kind of gambling situation. .hoping and praying that their bet will pay off.. but at some point it becomes quite clear that their bet is not paying off..
member
Activity: 99
Merit: 21
Probably bounce between $31,700 - $32,000. If we break this by tomorrow I see us going to around $35,000 for a while. It is whether there is enough push to get through this stubborn 32,000
legendary
Activity: 2450
Merit: 2089
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2450
Merit: 2089
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 1876
Merit: 612
Plant 1xTree for each Satoshi earned!
legendary
Activity: 2450
Merit: 2089
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 280
Merit: 259
https://bitcoincleanup.com #EndTheFUD
Asia is sleeping. They will be surprised.

Observing 32k.

I hope we will close the month above 32K.

To the moon 💪
legendary
Activity: 2688
Merit: 2399
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
I hate checked in baggage.  I'll travel light and check nothing in.  or there are courrier companies that can ship your stuff from the airport to your hotel, i think thats pretty popular in japan.
just pack some bitcoin and you are good to go



If you're travelling domestic, you can just mail stuff directly to the hotel.
legendary
Activity: 2294
Merit: 1182
Now the money is free, and so the people will be
I hate checked in baggage.  I'll travel light and check nothing in.  or there are courrier companies that can ship your stuff from the airport to your hotel, i think thats pretty popular in japan.
just pack some bitcoin and you are good to go
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
At the airport, waiting for my luggage, FFS.


Did the queue to get to the plane take longer than the flight on the way there?

Yes!

Also my flight back from Paris took 1 hour. I’m sitting on the floor now, waiting for luggage for over 1.5 hours. People starting to lose their shit. The world is on its knees tbh, seems every service has turned to crap since COVID. I think airlines are employing much less people because they’re trying to claw back money due to obvious big losses during COVID.
legendary
Activity: 2772
Merit: 2846
At the airport, waiting for my luggage, FFS.


Did the queue to get to the plane take longer than the flight on the way there?
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
At the airport, waiting for my luggage, FFS.

Nice pump to stop me going insane though.

Observing $32,xxx


legendary
Activity: 1722
Merit: 2213
We can finally see some green! Well, this was predictable after 9 (10?) weeks of red. Not a real pump yet, but hopefully we'll see some $32-33k soon.  Cool

So, is this a:

* relief rally to $38-42k?
* mighty bull starting back to ATH?
* weak dead cat bounce to $30-32k with moar pain following?


I'd go for option 1. A relief rally to ~$40K levels with good potential for ~$30K levels to hold therefore. Notably once Bitcoin leaves <30 RSI "oversold" levels on Weekly time-frame, it doesn't return thereafter. Even with price often returning to similar closing price levels shortly after (so in this case around $29.5K), price historically has never made a new low after leaving these oversold conditions. For what that's worth.

Either the above or option 3, with a bit more downside in the following weeks to the anticipated 200 Week MA @ $22K. But this seems overly-anticipated right now imo. I otherwise don't think there's any real resistance between $32K and $40K levels. $34K would have been the theoretical resistance, but given it didn't act as support on the most recent way down, I doubt it would be resistance on the way back up either.

Despite thinking the bottom is either in, or close to it, I don't see a bull market this year at all. More likely consolidation between $30K and $60K. Similar to in 2019 when Bitcoin went from $3.2K to $14K and most were convinced that the bull market had started, until price re-tested $4K levels. Even ignoring that covid crash, price still took a year to consolidate back to the $10K levels, and had already dropped by 50%.

Think I mentioned it before but wouldn't be surprised to see price return to $50K to $60K by summer, before re-testing $30K again by the end of the year, maybe the 200 Week MA will be around this price by then. This is mainly due to Weekly moving average bearish cross-over which Bitcoin has always been very respectful of, ie showing that price is moving up too fast after a drop and needs more time to consolidate.

Also will give all the noobs the opportunity to buy high again after selling low, before price drops upto 50% and the bull market starts up again. Ie the usual recipe for another uptrend.

Great analysis. I also expect a bounce (could be to the middle of 30K-60K range or even up to 50K or slightly above as you mentioned), but then consolidation to the $30K (or slightly below) area. I might even trade some for the first time since 2017, essentially.

For reference sake the fib retracement from $69K ATH to $25K low gives a target of $52K for the 0.618 "expected retracement". So these would be the levels for a dead cat bounce / lower high scenario, rather than any dead cat (failure) to ~$40K before a lower low. Notably in 2019 the 0.618 retracement from $20K to $3.2K was $13.7K that was hit perfectly, so $52K would be the equivalent type of relief rally basically.

Also tempted to trade this one, for first time since 2019, long then short. As either the new low has been reached after May 2021 high (1 year later), or the low could arrive in November this year (1 year after ATH). Either way, as per 2015 and 2019, there'd likely be a secondary low 6-12 months thereafter. Not convinced a November low would need to be to be any lower than May's low either.

EDIT: I am surprised that we already moved to RSI(14)=46 (from 23 on May 11) with so little price improvement.

RSI is like that. Only goes lower if price goes lower. If price goes sideways, generally it will increase. While a good sign, it can also provide more room to the downside.

Price breaking $32K looks promising  Smiley Closing >$31290 = Daily engulfing candle  Cool
legendary
Activity: 2772
Merit: 2846
If as a parent I received a letter from school saying this shit... then god help them, I would fucking lose my mind and probably end up stuffing handfulls of cockroaches down the headmasters stupid fucking face ........ un-fucking real

You could try getting your kids used to the idea by giving them these bug lollipops from amazon.



https://www.amazon.com/Insect-Sucker-Lollipop-Bundle-Scorpion/dp/B07DD4BNRM?th=1

Or these seasoned cricket snacks.



https://hotlix.com/product/crick-ettes-snax/

Quote
Real crickets, deliciously seasoned. Offered in three flavors: Bacon & Cheese, Salt N’ Vinegar, or Sour Cream & Onion.
legendary
Activity: 1078
Merit: 1441
If as a parent I received a letter from school saying this shit... then god help them, I would fucking lose my mind and probably end up stuffing handfulls of cockroaches down the headmasters stupid fucking face ........ un-fucking real
legendary
Activity: 2450
Merit: 2089
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1078
Merit: 1441


This is what school dinners look like in some parts of wales now.



https://www.dailymail.co.uk/sciencetech/article-10867737/Scientists-plan-feed-primary-school-children-crickets-mealworms-make-UK-greener.html

Quote
Researchers are planning to feed bugs like house crickets and mealworms to children between the ages of five and 11 from four primary schools in Wales.







WTactualF £%£"%"%&&&**@@@!!!!UUUKING BUL"£$%"££$%&**@@!!!!
legendary
Activity: 1078
Merit: 1441
HERE WE GO!

I have had a few lows recently but watching the price recover even if a little has felt amazing I guess if you stick out the lows even the little climbs up feel good this could quickly become addicting. Tongue

ppps- In a couple of years you will likely look back at your purchases and be saying "I am a fuckin genius" Wink
Hope you do not mind empowering but I have added this little quote to my personal text to remind me. Your quote just stuck in my head and hopefully you are right around 2030 I hope to be coming back to this comment and showering it in merit. Smiley



Good stuff, glad to be of service.


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