Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4318. (Read 26713425 times)
December 17, 2021, 08:11:39 AM
Next pres video: "You don't need a shotgun. Just clap you hands together twice, real loud..."
December 17, 2021, 08:01:35 AM
December 17, 2021, 07:58:15 AM
quote Arriemoller
Does anyone have a link?
https://www.amazon.com/Bitcoin-Crypto-Christmas-Sweater-T-shirt/dp/B07KR4CN73
Something close
Does anyone have a link?
https://www.amazon.com/Bitcoin-Crypto-Christmas-Sweater-T-shirt/dp/B07KR4CN73
Something close
Thanks!
December 17, 2021, 07:54:30 AM
quote Arriemoller
Does anyone have a link?
https://www.amazon.com/Bitcoin-Crypto-Christmas-Sweater-T-shirt/dp/B07KR4CN73
Something close
Does anyone have a link?
https://www.amazon.com/Bitcoin-Crypto-Christmas-Sweater-T-shirt/dp/B07KR4CN73
Something close
December 17, 2021, 07:29:45 AM
yeah yeah, $19666 anniversary... oh well.
Let's see how "2x per year" trend doing...
Current position (Dec 2021) looks pretty similar to Oct 2020...
Let's see how "2x per year" trend doing...
Current position (Dec 2021) looks pretty similar to Oct 2020...
This is my favorite chart
The bad news is that we didn't reach the upper line this year. The good news is that we are way ahead of the bottom line for Dec 2021. And the latter is more important, since it shows the potential for future growth in the next 3-4 years. The bottom line is looking perfectly doable. At some point this extrapolation won't work of course, but the mass adoption levels curretnly have plenty of room to increase. Only then the chart will deviate from that channel for a longer period, probably. The period 2015-2016 little below the line didn't break the model. So, even if in the next 2 years the chart stays below the lower 2x line, it definetely has the potential to catch up. This means 400K is not only doable, but quite probable in the next 4-6 years. It looks that the first big deviation for more than 2 years can occur above 500K at the earliest. IMO most probaly it will occur above 1 mil. December 17, 2021, 07:21:48 AM
OT: All this talk in the MSM about the "relief rally" in stonks, and how the market "liked" the hawkish Fed news about tapering and potential 3 rate hikes in 2022.
Lol, what bullshit. The stonk market only likes free money, and more of it. They in fact hate tapering, and really hate higher interest rates. And they could give a shit about inflation.
A bunch of shorts got hammered, that is all.
What everyone should be very worried about is when the Fed really *does* start seriously tapering and raising rates. That would start the clock, and mean that another global black swan "event" is right around the corner. By design.
Lol, what bullshit. The stonk market only likes free money, and more of it. They in fact hate tapering, and really hate higher interest rates. And they could give a shit about inflation.
A bunch of shorts got hammered, that is all.
What everyone should be very worried about is when the Fed really *does* start seriously tapering and raising rates. That would start the clock, and mean that another global black swan "event" is right around the corner. By design.
It's interesting to see the plan unfold.
It seems to me THIS phase is mostly focused on supply chain problems, particularly with food supply. They had no issue with killing us with an engineered virus, and they are going to starve some of us to death next. The most interesting part is the worldwide UREA shortage being created by China (of course).
This is a chemical which has an underestimated importance. Who knew the world would run on pig piss? But it does. It is a primary ingredient in fertilizer, and ALL modern diesel engines require it to run. It is not a requirement, in that the engine needs it. But the engines all now have systems built in that will either shut off the operation altogether, or seriously govern the speed when it is missing.
So this attack has a 2 pronged effect. It will make food harder/more expensive to produce. And it will make the delivery of all goods also harder and/or more expensive. So food production AND supply chains are going to shut down to some extent. And people will die.
We are JUST beginning to see the first effects of this attack. But I think it's going to get worse.
I personally drive a little 4 cyl diesel truck. I bought myself 20 gallons of DEF a little while back when I realized this attack was coming. So I will be good, for several years... probably overdoing it, but it will at least give western pig farmers the time needed to build the systems needed to produce this ourselves.
What's this DEF thing? Is it like Adblue? If so. https://www.metadiag.com.tr/en/adblue-removal/
December 17, 2021, 07:11:47 AM
Saw on Twitter.
almost perfect, but instead of the sleigh we need the rollercoaster
It's a Christmas miracle.
Does anyone have a link?
December 17, 2021, 07:03:15 AM
Price going the wrong way people. I've always known bitcoin is ded.
Price is in this Range for a couple of days. I will not surprised if bitcoin hits $30K again and it's not bad at all. Potential Investors will find it as a buying opportunity while some leverage traders will commit suicide. Oh, are You talking about bitcoin dead? Seems you are not new to crypto.
December 17, 2021, 07:01:38 AM
December 17, 2021, 06:50:27 AM
I don't think the price wants to go down but someone has a lot of ammo. Hopefully they'll run out soon.
Short term, we are in a clear downtrend, midterm-about flat, longer term-still uptrend.In this view btc would flatten up on the short term chart before surging higher and ultimately produce a longer cycle, terminating somewhere in Q1-Q2 2022.
This I can definitely imagine.
An alternative, worse view, would be that we are in a longer term flat similar to the one we saw in 2018 at around 6k.
This view would suggest that we would stay relatively flat for a while before a sharp plunge, which would start the long term bull.
This view would suggest that we would stay relatively flat for a while before a sharp plunge, which would start the long term bull.
Also totally possible, I guess.
To re-iterate, I think that we bottomed for this cycle in June and the secondary top was a simple reaction to a premature top (in April) caused by China shenanigans.
Without China, we were about to go exponential in April (all signs were there) and should have finished the cycle by May or June at the latest.
Without China, we were about to go exponential in April (all signs were there) and should have finished the cycle by May or June at the latest.
Sounds about right. Hash rate understandably capitulated, which is something never seen before in a bull market. Took 7 months to recover.
I guess you mean finished the correction by May/June, before further upside, rather than finished the cycle? That's how I'm reading it...
Instead, we got a double hump with bull energy spent between two peaks instead of one.
Right now-we are early in the NEXT cycle, imho.
Flat city.
Right now-we are early in the NEXT cycle, imho.
Flat city.
Not doubting the possibility either. Also why I'm less concerned if price goes lower right now. I don't see a multi-year bear market coming at all.
Another theory would be sideways city (on track for now) and forming a macro-sized bull flag, that'd be super tasty stuff with high targets.
I'ts also not what anyone would be expecting in a hurry, just like when the double top came, so if $40K breaks I'd give it a reasonable probability.
If you zoom out, the idea doesn't look that strange, only like a maturing asset that takes a year to consolidate recent price increase. Healthy stuff imo.
The measured move would be around 200% to $200K, or even 400% to $350K if you measure the initial breakout to be from $14K rather than $20K.
The bull trap double top would then be met with a bear trap double bottom, which I find very logical as a concept, rewarding the patient again.
Also covers the theory that everyone waiting for the 200 Week MA get's left behind.... like Billy.
Nevertheless, many hoped (and still hope) to see the second run going parabolic like in 2013.
But moving the market is not so easy anymore.
But moving the market is not so easy anymore.
I'm not so sure about that. Recently we saw price drop 20% in a day, half of which was within a 10 minute period due to high volume selling that triggered liquidations, and more selling. I don't even think this was due to low order book liquidity either, but simply an indication that the market remains highly volatile. I see no reason why this can't still happen to the upside, if shorts get's stacked up like longs were.
In summary price doesn't need an influx of buyers to move quickly, or parabolic, in one direction or another - only over-leveraged markets, of which there are plenty these days. Look at TSLA for example, huge market, but price still went parabolic and increased by 1000% within 14 months, in a traditional market with very high liquidity. In crypto markets, that's the same as 9x in 14 weeks. Like $38K to $350K...
Makes sense that almost any shitcoin couldn't reach its former ATH, when priced in BTC.
This has been the clear trend over the years, The coins making new ATH against BTC over and over again weren't around in 2017. Most of those back then that outperformed BTC are either long gone or making lower highs this year. Most shitcoins simply don't thrive in their second cycle like they do in their first, usually dying off by the 3rd.
December 17, 2021, 06:01:28 AM
December 17, 2021, 06:00:44 AM
Price going the wrong way people. I've always known bitcoin is ded.
Price never goed wrong
Neither to low or to high, the price exactly goes where it wishes/needs to be
Like a sorcerer… similar story
Exactly right! Nice LotR reference...
December 17, 2021, 05:54:59 AM
yeah yeah, $19666 anniversary... oh well.
Let's see how "2x per year" trend doing...
Current position (Dec 2021) looks pretty similar to Oct 2020...
Let's see how "2x per year" trend doing...
Current position (Dec 2021) looks pretty similar to Oct 2020...
December 17, 2021, 05:24:56 AM
Price going the wrong way people. I've always known bitcoin is ded.
Price never goed wrong
Neither to low or to high, the price exactly goes where it wishes/needs to be
Like a sorcerer… similar story
December 17, 2021, 05:01:26 AM
December 17, 2021, 04:25:53 AM
Booked a condo (Callantsoog) near the Northsea, only 200m walk to the beach.
Staying there with my family till monday together with the dogs, they will love it!
It has been a while, a long beach walk is relaxed and refreshing for the mind.
Have a nice weekend.
Staying there with my family till monday together with the dogs, they will love it!
It has been a while, a long beach walk is relaxed and refreshing for the mind.
Have a nice weekend.
December 17, 2021, 04:02:29 AM
$19666 at Bitstamp. 4 years ago. On this very day. ATH 2017
December 17, 2021, 04:01:35 AM
December 17, 2021, 03:01:26 AM
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