Topic: Wall Observer BTC/USD - Bitcoin price movement tracking &amp; discussion - page 3411. (Read 26713624 times)

Quote from: becoin on June 15, 2022, 01:31:02 AM

the tide will turn eventually... all the brrrr money has to go somewhere... keeping cash is no option long-term

call me delusional but I wouldn't be surprised, if we saw 100k within a year.. the road for that possibility is just getting cleared from all the obstacles aka lending (=shorting) scams and weak hands

edit: ok, let's say 2 years Cheesy

Not delusional. If the Fed reverses this is a possible outcome.

Bitcoiners don't want a flash high to $100k that lasts all of a few days at most.

Not useful.

What we want (or should be wanting) is a sustainable $100k of support.

I would take a wick to 100k anytime rn Cheesy

Seriously, 100k stable would be ideal. But we have to get there first somehow.

Probabilities may be not very high (due to 100k being a psychological threshold for sellers), but 5x in 2 years could be accomplished in a sustainable move as well... wouldn't be the first time BTC does that.

But again, asking for 100k and a certain stability there might be a bit too much to ask.

Hamza2424

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Quote from: somac. on June 15, 2022, 01:11:53 AM

Quote from: becoin on June 15, 2022, 01:07:43 AM

Blood on the streets is STRONG BUY. Avoid margin trading!

Absolutely, don't blow all your dollars though as things can still go lower. And if it doesn't go lower, that means the Fed has reversed course and you can buy the beginning of a major multi year uptrend.

What will the Fed do doesn't matter since they don't fight inflation anymore? All they do is trying to manage your expectations about inflation. And this time it is not enough, because this inflation is caused by structural changes in the economy.

Well i think so we getting ready for a Long Blood to RUn I'm not sure it's over because every technical analysis Onchain analysis Historical analysis is Jsut a Failure and Nothing is going to work.

The whole Financial System is Dead Need a Reboot as this system is not for the poor people and countries. BTC is on ATL ( All time Low) Byuing.

Remember No trend is going to reversal no trend is going to be started untill the QT didnt started again.

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Quote from: Torque on June 15, 2022, 09:27:35 AM

Imagine buying in Dec 2017 at $19,326 just to see it at $21,326 after 5 years of HODL. Roll Eyes

Imagine buying a flash top 5 years prior (that lasted all of a 2 days btw, so no one did that), just to see it turn into a solid support level 5 years later?

Yeah, we are so dumb. Roll Eyes

If ~$68k becomes solid support w/o leverage 5 years from now, I'll take that progress over the shitty stonk market any day.

I did imagine that and I found that I would have been a millionaire at that time. Unfortunately I am still a miserable guy with hope, stubbornness and contemporary thinking.

vapourminer

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what is this "brake pedal" you speak of?

Imagine buying in Dec 2017 at $19,326 just to see it at $21,326 after 5 years of HODL. Roll Eyes

imagine buying at $3 a coin in 2012, hodling 10 years and see it at $21,326.

edit: and that $3 was after a ~90% crash from $35

Torque

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Imagine buying in Dec 2017 at $19,326 just to see it at $21,326 after 5 years of HODL. Roll Eyes

Imagine buying a flash top 5 years prior (that lasted all of a 2 days btw, so no one did that), just to see it turn into a solid support level 5 years later?

Yeah, we are so dumb. Roll Eyes

If ~$68k becomes solid support w/o leverage 5 years from now, I'll take that progress over the shitty stonk market any day.

serveria.com

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Imagine buying in Dec 2017 at $19,326 just to see it at $21,326 after 5 years of HODL. Roll Eyes

Yeah that gotta hurt... but let me tell you: it hurts every single time even to those of us who bought at $2. Seeing BTC going down is a torture for every true bitcoiner. Cool

Torque

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Quote from: BitcoinBunny on June 15, 2022, 09:04:55 AM

the tide will turn eventually... all the brrrr money has to go somewhere... keeping cash is no option long-term

call me delusional but I wouldn't be surprised, if we saw 100k within a year.. the road for that possibility is just getting cleared from all the obstacles aka lending (=shorting) scams and weak hands

edit: ok, let's say 2 years Cheesy

Not delusional. If the Fed reverses this is a possible outcome.

Bitcoiners don't want a flash high to $100k that lasts all of a few days at most.

Not useful.

What we want (or should be wanting) is a sustainable $100k of support.

ImThour

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Bitcoin Bottom was at $15.4k

Imagine buying in Dec 2017 at $19,326 just to see it at $21,326 after 5 years of HODL. Roll Eyes

somac.

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Never selling

Quote from: Paashaas on June 15, 2022, 08:09:26 AM

Brrrrrrrrrrrrrrrr.

https://twitter.com/10DowningStreet/status/1537023379949199362

This really pisses me off. They asked our chancellor of the Exchequer if this would make any difference to inflation and he said he should only have a small effect.

So might as well throw some more fuel on the fire I guess.

Roll Eyes

Soon the conversation will go to we need double digit inflation because we can't normalise with debt levels being this high. And its true, hence the BOJ and the ECB just a few hours ago. The Fed is to follow soon.

Debt needs to be reduced, it can be done through inflation or deflation (debt write offs), very soon we will find out that deflation is not the preferred way for societial stability.

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Quote from: Paashaas on June 15, 2022, 08:09:26 AM

Brrrrrrrrrrrrrrrr.

https://twitter.com/10DowningStreet/status/1537023379949199362

This really pisses me off. They asked our chancellor of the Exchequer if this would make any difference to inflation and he said it should only have a small effect.

So might as well throw some more fuel on the fire I guess.

Roll Eyes

ChartBuddy

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Quote from: Paashaas on June 15, 2022, 08:09:26 AM

Brrrrrrrrrrrrrrrr.

https://twitter.com/10DowningStreet/status/1537023379949199362

https://www.dw.com/en/austria-introduces-massive-aid-package-in-fight-against-inflation/a-62124260

https://brrr.money/

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Quote from: proudhon on June 15, 2022, 08:40:52 AM

Quote from: proudhon on June 15, 2022, 08:40:52 AM

the tide will turn eventually... all the brrrr money has to go somewhere... keeping cash is no option long-term

call me delusional but I wouldn't be surprised, if we saw 100k within a year.. the road for that possibility is just getting cleared from all the obstacles aka lending (=shorting) scams and weak hands

edit: ok, let's say 2 years Cheesy

Not delusional. If the Fed reverses this is a possible outcome.

It is not a possible outcome for a year or even 2 years. Possibly in 10, but then a new Toyota Corolla will start at $100,000.

Quit copying your betters. There was some discussion here a few years ago, along the lines of what happens if BTC reaches $1 million but a loaf of bread costs $100 or $1,000 or more due to hyperinflation. By non-~~bears~~ ~~llamas~~ ~~alpacas~~ whatever.

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Quote from: ImThour on June 15, 2022, 03:34:44 AM

the tide will turn eventually... all the brrrr money has to go somewhere... keeping cash is no option long-term

call me delusional but I wouldn't be surprised, if we saw 100k within a year.. the road for that possibility is just getting cleared from all the obstacles aka lending (=shorting) scams and weak hands

edit: ok, let's say 2 years Cheesy

Not delusional. If the Fed reverses this is a possible outcome.

It is not a possible outcome for a year or even 2 years. Possibly in 10, but then a new Toyota Corolla will start at $100,000.

Oh, here you are!
Don’t forget we have a bet in place!
Every down movement, I am thinking of you.
Can’t wait putting a positive trust feedback on you when it happens!

dragonvslinux

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Two Upcoming Scenarios -

1. If Weekly Candle closes below 200 MA, we are going towards 300 MA i.e. 16k.
2. If Weekly Candle closes above 200 MA, we are going towards 30k.

Let's see how this goes on from here. Fed hiking up bps to 75 will cause some huge movements either up or down.

While I find the 300WMA a useful comparison to a covid-like crash, technically your analysis is somewhat flawed (point 1). In March 2020 price came close to the 300WMA, before closing just below the 200WMA. Price then re-tested in between the two levels the following week. So by comparison, price could reach $16.6K over the weekend, before closing above $20K. Or simply wick down to $16K level next week even.

I wouldn't be ruling out another wick below the 200WMA next week though, even with the Weekly RSI now most oversold since 2011, as the RSI won't necessarily close at such oversold levels. In fact, I think it's unlikely and by Sunday (or on Sunday) buyers will step in for the trade of the decade. Either way, I think a snap back to at least $25K is imminent, even $30K, whether this weekend or next week.

A few boring months of consolidation between $25K and $30K is quite likely now that $30K has been established as a distribution zone (as opposed to neutral accumulation/distribution zone), with bears still believing price will drop to $14K. Similar to early 2019 with bears waiting on $2K and $1K that never came, before price returned to $5K and the dead cat bounce led by short liquidations led to $14K.

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the tide will turn eventually... all the brrrr money has to go somewhere... keeping cash is no option long-term

call me delusional but I wouldn't be surprised, if we saw 100k within a year.. the road for that possibility is just getting cleared from all the obstacles aka lending (=shorting) scams and weak hands

edit: ok, let's say 2 years Cheesy

Not delusional. If the Fed reverses this is a possible outcome.

It is not a possible outcome for a year or even 2 years. Possibly in 10, but then a new Toyota Corolla will start at $100,000.

death_wish

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Take profit in BTC. Account PnL in BTC. BTC=money.

Quote from: empowering on June 15, 2022, 04:39:43 AM

all the brrrr money has to go somewhere...

If Germany doesn’t get some sufficient and available source of energy by winter, they can do with Euros like they did with Marks in the Weimar Republic. Americans can ship in dollars, and Brits can contribute their pounds. It is a humanitarian effort.

brrrr = an onomatopoeic representation of sounds emitted by people who are are cold.

brrrr = a reliable, renewable source of home heating fuel.

Can it be mere happenstance? A coincidence?

Shocked

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purchased a piece of btc today.

my btc holdings are now 1.9x larger than they were on Sunday

I have more cash for the drops to come.

Still guessing 15-17k = bottom

jojo69

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diamond-handed zealot

steady...............

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