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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28041. (Read 26712668 times)

full member
Activity: 336
Merit: 100
bitfinex shows that there is still more leveraged longs than shorts - wonder if they will be squeezed any time soon?
legendary
Activity: 2324
Merit: 1125
F***ing bloodbath.

"Buy When There's Blood In The Streets" - Baron Rothschild
legendary
Activity: 2338
Merit: 1035
Going exactly as I want it to

got my bids at $432
considering moving up to $442 to not miss it though
hero member
Activity: 910
Merit: 1003
They also gave us the solution: cash.
The new PBoC "clarification of the clarification" mentions cash too.  But I cannot figure out exactly what they mean.

Quote
As of April 24 , all Bitcoin trading platform has been fully recharge way to stop third-party payment . Most bank card remittance channels have been closed , however , are still allowed to bitcoin bank transfer and cash withdrawal services platform .

In the interviews emphasized the central bank , cash function must also be stopped.

截至4月24日,各比特币交易平台已全面停止第三方支付充值方式。银行卡转账汇款渠道大多数已经关闭,然而,仍有银行允许给比特币平台汇款和提现服务。

央行在约谈中强调,提现功能也必须停止。
sr. member
Activity: 364
Merit: 250
Not to tell you I told you so.

But I told you so.

When there isn't fresh fiat the market makes up bad news to give itself the excuse to sell off.

This will continue until fresh fiat arrives.

The weak link for Bitcoin is buying in with fiat.  Governments can currently block that.  We need a solution.


They also gave us the solution: cash.

Cash requires an in-person transaction with someone who has BTC.  This doesn't scale and risks those involved.  We need something else.
legendary
Activity: 924
Merit: 1001

Chessnut is in denial.

I told you Chessnut. I told you.

says the guy who bought at 475 then sold at 500. lol im not in denial Im short from 485.

you didn't tell me that Alipay would ban it, and that cash deposits would stop. you just chanted there was not enough fresh fiat or some rubbish like that.
full member
Activity: 336
Merit: 100
Not to tell you I told you so.

But I told you so.

When there isn't fresh fiat the market makes up bad news to give itself the excuse to sell off.

This will continue until fresh fiat arrives.

This
legendary
Activity: 2156
Merit: 1070
full member
Activity: 336
Merit: 100
2884 - previous low - passed on huobi without any resistance
legendary
Activity: 2156
Merit: 1070

We have a new 3-day low.  That's not so bullish.  Unfortunate.


Im not sure what you mean by that, yesterday we visited 486 on stamp, not seen that again. BTC china is in a contracting range/wedge. The bullrun is losing momentum but the bias is not bearish.

You answered yourself with your last sentence.  If we can make a new 3-day low once, we can make it again pretty easily.  The next major line of support is at 472.50.  If we breach that we're in bear territory, with the next major supports at 454, 400, and 355.50.  If we bounce off 472.50 and break above 515, that would be a pretty good bull sign.

Between 472.50 and 515 is no-man's land.  We float with no conviction in either direction.


We edge closer and closer to 472.50.  I expect to find some support there.  If we break through, we will head down quickly and finally reach capitulation.  If we remain above 472.50, I expect more boring drift.


We have breached 472.50.  If we continue lower, the next major supports are at 454, 400, and 355.50.


And gentleman, here we go below 470. I really hope $454 holds strong like a storm.

Chessnut is in denial.

I told you Chessnut. I told you.
legendary
Activity: 924
Merit: 1001
Not to tell you I told you so.

But I told you so.

When there isn't fresh fiat the market makes up bad news to give itself the excuse to sell off.

This will continue until fresh fiat arrives.

The weak link for Bitcoin is buying in with fiat.  Governments can currently block that.  We need a solution.


eventually we will we paid with it for work or commodities.
hero member
Activity: 672
Merit: 500
Somewhere in China there is a group of people rolling on the floor right now. Completely laughing their asses off. With tears in their eyes yelling "it worked again! My god, these people are dumb!"
sr. member
Activity: 341
Merit: 250

We have a new 3-day low.  That's not so bullish.  Unfortunate.


Im not sure what you mean by that, yesterday we visited 486 on stamp, not seen that again. BTC china is in a contracting range/wedge. The bullrun is losing momentum but the bias is not bearish.

You answered yourself with your last sentence.  If we can make a new 3-day low once, we can make it again pretty easily.  The next major line of support is at 472.50.  If we breach that we're in bear territory, with the next major supports at 454, 400, and 355.50.  If we bounce off 472.50 and break above 515, that would be a pretty good bull sign.

Between 472.50 and 515 is no-man's land.  We float with no conviction in either direction.


We edge closer and closer to 472.50.  I expect to find some support there.  If we break through, we will head down quickly and finally reach capitulation.  If we remain above 472.50, I expect more boring drift.


We have breached 472.50.  If we continue lower, the next major supports are at 454, 400, and 355.50.


And gentleman, here we go below 470. I really hope $454 holds strong like a storm.
sr. member
Activity: 364
Merit: 250
Not to tell you I told you so.

But I told you so.

When there isn't fresh fiat the market makes up bad news to give itself the excuse to sell off.

This will continue until fresh fiat arrives.

The weak link for Bitcoin is buying in with fiat.  Governments can currently block that.  We need a solution.
sr. member
Activity: 812
Merit: 250
So, March again. You guys didn't really fall for the same thing 2 months in a row, did you?
March =/= May. And what is the problem? Let the nervous chinese sale, later will never reach the prices again same as now.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
legendary
Activity: 2156
Merit: 1070
Not to tell you I told you so.

But I told you so.

When there isn't fresh fiat the market makes up bad news to give itself the excuse to sell off.

This will continue until fresh fiat arrives.
sr. member
Activity: 341
Merit: 250
I think we'll be testing 450's again. This is pretty much where it should end.

I dont think 450 is strong enough to hold this back. fundamentally, and technically. next stop is likely 400, that will give a good fight. much more price history there, and a fib retracement of the impulsive wave.

Technically ~420 is where the real fight is. If it goes below that, I don't think we're over the bear market after all..
hero member
Activity: 672
Merit: 500
Someone please tell me there are no new "deadlines" this time. I don't think i can handle that shit again.

The deadlines are the worst!

There are deadlines again.

No no no, not that shit again Sad
legendary
Activity: 1106
Merit: 1007
Hide your women
So, March again. You guys didn't really fall for the same thing 2 months in a row, did you?
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