Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 2189. (Read 26609155 times)
March 21, 2023, 08:01:19 AM
March 21, 2023, 07:33:39 AM
There was a crossfitting young dude
Who liked to drink beer in the nude
In innocent bliss
He selfied his piss
But most of the comments were rude
#nohaiku
Who liked to drink beer in the nude
In innocent bliss
He selfied his piss
But most of the comments were rude
#nohaiku
Indeed not a haiku. It's a limerick.
______
The limerick's a verse form complex
Whose contents range mainly to sex.
It burgeons with virgins
And masculine urgin's
And swarms with erotic effects
_______
Maybe Mondays should be Limerick Mondays.
I actually find limericks much harder. Not sure I can churn out one each week.
March 21, 2023, 07:09:03 AM
I am starting to lose hope that banks will collapse. Even if when fiat goes belly up, There will always be sheeple who need others to take responsibility for holding their money.
For some reason those people think that if they lose their money, its over. But if someone else loses all their money, they will pay them back someday, because they are "obligated".
even fiat has been partnered at the shop or at the nearest vegetable stall. bank activities for transfers and so on, it's like being taken over without having to open an office and a handful of cost allocations, but everyone's bitcoin is easy and can be without fees if you start at a local exchange center offline store though, I had time to think so. For some reason those people think that if they lose their money, its over. But if someone else loses all their money, they will pay them back someday, because they are "obligated".
March 21, 2023, 07:01:22 AM
March 21, 2023, 06:01:18 AM
March 21, 2023, 05:57:11 AM
#BUSD , the most fiat-backed stablecoin, audited by big audit firms, regulated by the NYDFS, was forced to wind down (no new minting).
USDC is shrinking in market cap too due to bank closures.
USDT is growing.
https://twitter.com/cz_binance/status/1638111968027373568?t=LAxURYD442KbbgpIKif3iQ&s=19
USDC is shrinking in market cap too due to bank closures.
USDT is growing.
https://twitter.com/cz_binance/status/1638111968027373568?t=LAxURYD442KbbgpIKif3iQ&s=19
March 21, 2023, 05:07:50 AM
Fiat goes to zero due to inflation
It's designed to confine you to plantations
You work all your life and do your best
Then central bankers steal, behave like a pest
Buy Bitcoin, it's the only salvation
It's designed to confine you to plantations
You work all your life and do your best
Then central bankers steal, behave like a pest
Buy Bitcoin, it's the only salvation
March 21, 2023, 05:01:17 AM
March 21, 2023, 04:46:00 AM
No more bear markets please.
March 21, 2023, 04:27:39 AM
There once was this thing called Bitcoin
People were happy and they all joined
A central banker started to lurk
Made threats, was a right jerk
He said buy it and I'll kick you in the groin
People were happy and they all joined
A central banker started to lurk
Made threats, was a right jerk
He said buy it and I'll kick you in the groin
March 21, 2023, 04:01:19 AM
March 21, 2023, 03:45:13 AM
Never keep more than what you ready to lose.
First Republic Bank, the 14th largest U.S. bank.
First Republic Bank, the 14th largest U.S. bank.
March 21, 2023, 03:12:02 AM
March 21, 2023, 03:08:08 AM
There once was a young man named Wright
Whos speed was much faster than light
He set out one day
In a relative way
and returned on the previous night.
Whos speed was much faster than light
He set out one day
In a relative way
and returned on the previous night.
March 21, 2023, 03:01:15 AM
March 21, 2023, 02:01:17 AM
March 21, 2023, 01:01:19 AM
March 21, 2023, 12:48:14 AM
There was a crossfitting young dude
Who liked to drink beer in the nude
In innocent bliss
He selfied his piss
But most of the comments were rude
#nohaiku
Who liked to drink beer in the nude
In innocent bliss
He selfied his piss
But most of the comments were rude
#nohaiku
Indeed not a haiku. It's a limerick.
______
The limerick's a verse form complex
Whose contents range mainly to sex.
It burgeons with virgins
And masculine urgin's
And swarms with erotic effects
_______
Maybe Mondays should be Limerick Mondays.
March 21, 2023, 12:06:55 AM
Sorry guys I had to keep my hat in the closet, so I am posting without one for now. 
Still makes you a silly cap wearer in my eyes, don't you worry about it.
If you don't know what the is, it's the Ichimoku Cloud, one of my all-time favorites, I used it back in the 2018 analysis and the more recent 2022 analysis.
Apart from how helpful it is to identify bottoms, it's also great in identifying local trend limits, if you check how the price behaved around the cloud back in 2015 and 2019, when the cloud is "red" and the price enters it, it usually doesn't stop until it hits the highest part of the cloud at the entry time.
Apart from how helpful it is to identify bottoms, it's also great in identifying local trend limits, if you check how the price behaved around the cloud back in 2015 and 2019, when the cloud is "red" and the price enters it, it usually doesn't stop until it hits the highest part of the cloud at the entry time.
I like clouds and otherwise started to get into Ichimoku. I like the how accurate it has been on the 3 Day chart specifically. It's useful for turning $20K level mega bears into bulls over-time at least!
You'll have to excuse the animal emojis. Apparently TV doesn't have arrows anymore, only emjois so use your imagination. Couldn't even find a bear emoji ffs (so squirrel is the bear). FYI, cloud doesn't come with animal emojis
In summary, it recommended selling at $46K in winter 2021 once bearish cross occurred, especially since price was breaking below the cloud. It did also recommend selling at $46K that summer prior to price moving higher, but then a breaking back above recommended re-entering around the same price, ultimately only to bail out again around the same price by winter once price re-tested the bearish cloud.
It was "choppy" back in 2021, but cloud did the job... even if you didn't really gain or lose any money by following it's recommendations. But the real part is how well it identified the bear market... it uses a good combination of price and time it seems, as last year when price was just above $20K, it was screaming that the market was in the worst part of the bear market so far (not in any recovery stage what so ever).
However since this bearish cross around $46K that arrived in December 2021, the cloud was full-blown bearish until the break-out above around $23K or otherwise bullish cross around $22K (you have to factor in the cross occurs on the chart 20 bars ahead of price - this was originally the part I never understood about the cloud until back testing). At that point it had already recommended buying into the cloud support that had turned bullish around $17.9K to $20.3K, at least that's my interpretation. There is also the bullish/bearish divergence of the cloud, but really it's about the bullish/bearish crossover (red/green) that are the confirmations.
Last week's candle did close INSIDE the cloud, with the highest line of the cloud sitting at $43,444, in the past 2 cycles we took an average of 7 weeks to reach that point, so could we see 43k around mid May!
Highest point of bearish part of cloud on weekly time-frame is $48,800 if not mistaken, unless you are using different settings? Which is ironically very close to the 0.618 fib retracement "target" of $48,560.
Also the highest point of bullish/bearish cloud was $12.7K in 2018/2019, and that was reached by June, in 2015 bear market took until June 2016 by comparison. Personally I think the Weekly cloud is more of a "couter-trade" indicator due to how lagging it is. Ie, when price re-tests it, instead of selling you should be buying (as you pointed out). Whereas Daily time-frame is just way to choppy it seems.
March 21, 2023, 12:01:16 AM
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