Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 11489. (Read 26725288 times)

https://twitter.com/WhalePanda/status/1099949720414367745



https://www.coindesk.com/long-term-price-indicator-tuns-bearish-suggesting-bitcoin-may-have-finally-bottomed-out

"A lagging indicator has turned bearish for the first time in four years, suggesting bitcoin’s price may have bottomed out and that a new bull run could begin this year.

As of press time, bitcoin’s 50-week moving average has dropped below the 100-week MA, confirming a bearish crossover – the first since April 2015. Long-term bearish crossovers, however, tend to occur at the end of a big bear move, with prices rallying soon after, as MAs are based on past data.

For instance, the 50-week MA responds to price action seen over the last 12 months, and the 100-week MA tracks much older data. Therefore, the bearish cross of the two is the product of a prolonged bear market – BTC dropped from $20,000 to $3,122 in the 12 months ending December 2018.

Put simply, it takes a great effort on the part of the bears to push the 50-week MA below the 100-week MA. As a result, the bear market is usually exhausted by the time the crossover is confirmed, which seems to be the case with BTC."

Humm... could Cryptocompare have fucked it all up yesterday ?

https://twitter.com/CryptoCompare/status/1099692895433646080

My "capitulation" post was truly honest and a fair representation of what I was feeling at the time. Of course, even then, I was hoping to be wrong (in fact I state exactly that in the post). After that, we have had some "fresh air" in the form of a nice price growth but, even if sometimes my level of hope raises, I still fear the worst and know there's no reason to think we are out of the bear market. Yesterday events prove my fears are not unjustified.

So no, I am not trolling, even if I am being INTENTIONALLY cautious in trying not to be carried out by the joy (FOMO?) when a pump comes. As I said, we are absolutely NOT out of the woods, so my "capitulation" status will remain until further notice.

Let's be clear (again) that I am HODLING. As always since when I started in 2013 (with small amounts back then, unfortunately).

Let's also make very clear that I have never been a bear market buyer, so DYOR/YMMV. Neither a FOMO'er (except when an ATH has JUST broken). I buy when I sense a bear market is over and stop doing it (with "fresh" deposits) when I think things are getting (way) out of hand. The rest of the time I just let it run as a happy hodler... besides some volatility scalping here and there.

P.S.: I have updated my profile to make it more clear. I have finally found an use for that feature lol

Congrats!

Splendid, especially for the last one of the two months

How many times do people have to see shit like this (ALWAYS orchestrated solely by the criminal owners of Bitfinex) to figure out shitcoins are all just pump and dump scams?  There's a lot of scammers floating around in craptocurrency but probably the biggest scam of all are the people claiming digital shitcoins are somehow an "Austrian school" of "hard money".

Anything where your unit of account is a completely imaginary, valueless widget is Keynesian by default.  It doesn't matter what the fuck the supply is doing whether it's contracting or expanding.  It's the exact same type of monetary system advocated by Plato who was a KEYNESIAN.  Aristotle argued against his bullshit and said money cannot be some made up, arbitrary unit and is required to be an actual real world commodity of value to qualify as money.

If there's no real commodity value there, then there's no floor or really any type of fair value at all and it's just a wildly oscillatting game of hot potato pump and dump scam before it eventually craters back to where it came from - zero.

via Imgflip Meme Generator

via Imgflip Meme Generator

via Imgflip Meme Generator

Meanwhile @vietnam lol

I’m not taking eather of there haircut’s

Here i do feel bad of not being able to merit it....
But never thought XhomerX would make it that cool out of that cartoon pic
Really having a BIG laugh in my little HODLbed

And it is very cool, but amazingly Made

(Thought you were not gonna use that pic).....

HAT of XhomerX

You Made my day starting very good

Good morning mic! I have also wake up early today. How did the session go?

I’m here
But so early, can’t get myself out of my HODlnest

^ Even the meme generator considers your walls of text are way too much lol

Also mickeywith TA is right.... or as right as TA can be. Please give some slack to new WO contributors. We are trying to build a community here, you know.

Let's see where this new week take us. One little step at a time.

P.S.: This strong up and downs with absolutely no recoil are weird btw. Not sure what to make out of it though.

Oh Em Eff Geee

Audible Snorting Sound

Yeah - that's where I got it!

Meanwhile at the Oscars :

Is it available on Zazzle?

I see you brought home the toilet paper from the other night's restaurant.
Now it's getting weird. 
 

That ball sack of a chin is perfect.      *edit* I should say for that face.

+1 WOsMerit

omfg

lol

For some reason, you strike me as relatively alimentary oriented.