Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22358. (Read 26609850 times)

The Core is RSI<30 in 1d? 

Well, I guess I was right with the spike..

Will there be a wave 2?

Any panic sellers left?

If we do a retrace to 260 this could get nasty for the shorts, likewise for the longs if we push below 250..


Hope we see another sighting of the bullwhale  

Coin
Explanation

The market is so weak, bulls have been rallying painfully on borrowed money and most of their gains got destroyed quickly , indicating bear market still in... It can get real ugly once/if support around 250 breaks!
Bitcoin going To The Core  

Not gentlemen.

Below 1500cny next 24h? 

That's the real question.

i remember this game....

Good selling so far. 3k to new lows, or 3k to 272 on finex.

Nice call.

Zoom out.

hmmmm ... yes ... 10 minute blocks of time going by on finex , apparently the preferred exchange nowadays , without a single buy or sell occurring ... sorry folks that's not what a healthy "global currency market" looks like ... hell it's not what any healthy traded finance market looks like ... meanwhile the novelty idea of "bitcoin is the future of money" has worn off for most people as they come to realize it's actually nothing more than a poorly-branded experimental decentralized floating value ledger system backed up by a little computer processing power , which was severely abused by mtgox in a massive ponzi scheme from the very beginning of bitcoin up until other exchanges existed , roughly 6 out of the total of 7 years of bitcoin's existence being completely fraudulently manipulated in terms of price ... leaves us with a "leftover" price resultant from their fraudulent actions , a pseudo-merchant acceptance process whereby 99% of merchants accept that you can sell your bitcoins at exchange value and pay them in real fiat for their goods via payment processors , and a massive slapped together mining infrastructure built to chase the false price but now faced with the reality of not being able to pay their power bills without $1000 bitcoin ... fucked would be a generous assessment ...

Coin
Explanation

Bored to death.





Is crypto done ?  

Bear flag?

(6h bitstamp)

theft is a crime in every country on earth ... i'd say that's pretty clear cut as to what constitutes crime when we're talking about currency ... therefore if something is illegal on all of planet earth , no i don't mind bitcoin exchanges acting to support the laws of all of earth's countries and societies ... gambling is , though outlawed in some minority of countries , an activity that both parties winners and losers engage in willingly ... theft , by definition , is not agreed to or wanted by those being stolen from ... even though the people on the evolution market engaged in illegal drug sales and illegal weapon sales etc and so they were operating outside of "the law" both parties on either side of those transactions were willingly engaged in those trades ... they didn't agree to be stolen from (though it is arguable if trusting the untrustworthy with $ constitutes consent to theft) ... i'd argue that as a very extremely extremely loose definition of "freedom" and "right" and "lawful" is that people can willingly engage in any activity they choose , but that if harm is done to them physically or financially against their direct consent , that is wrong and should be prevented via legal and financial mechanisms ...

Coin
Explanation

Do we want them making the decision as to what qualifies as a crime? There have been numerous reports about Coinbase tracking for people that gamble. Do you think that is okay? I think it's a slippery slope. Bitcoin should be mathematical and unbiased. If you have the private key that's all that should be required.

That is one goal. The  road to attain such goal will  be met with unknown challenges and events.