Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4319. (Read 26713425 times)

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.

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.

Personally, my opinion is neither of the two views above.

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.
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.

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.

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.

Personally, my opinion is neither of the two views above.

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.
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.

I don't think the price wants to go down but someone has a lot of ammo. Hopefully they'll run out soon.

I don't think the price wants to go down but someone has a lot of ammo. Hopefully they'll run out soon.

I am not a prepper (maybe I should be?) but you better believe I am hoarding a little urea to keep my truck running without having to hack it.  I might even buy a little deionized water to wet it down with and make it last a little longer.

I joke around on the forum mostly but I'm sorry to hear this.

....

Well the plus side of being 64 and having had all your kids die via miscarriage.....

I have a slightly different take on this.

Yes urea can be sourced from animal products but it is usually synthesized, the process takes a huge amount of energy. From the production of the ammonia which is usually made from hydrogen processed from natural gas or LPG and reacted with nitrogen ( you may remember the Haber- Bosch process from high school chemistry) and then reacting the ammonia with carbon dioxide to produce urea.

Recently the cost of natural gas and energy in general has seen a huge increase.
Leading to the highest price I have ever seen for fertilizer, Nitrogen (urea) in particular. Almost double last years price.
If farmers use less nitrogen due to increased cost, crop yields will fall and food prices will rise affecting everyone but those in third world countries most as a far higher proportion of their income is spent on food than in the developed countries.

The cause of huge increases in the price of energy is deliberate and due to the insane pace of shutting down traditional carbon electricity generation before alternative sources are fully in place. And the pressure to shut coal mines and oil wells for the misguided climate agenda movement.
This is at best could be described as an oversight by our great political leaders or a deliberate attempt to use starvation and poverty to subdue the worlds population ahead of the great reset. (couldn't possibly be connected to the onward march of Marxism promoted by our own progressives and others worldwide)

I never understood the purpose of the climate hoax, not that the world is getting warmer (it has been since the last ice age) and that it's progress has been sped up by human activity but the predicted outcomes of doom and horror centuries into the future. Supposedly caused by a 2.0C increase in temperature. Absolute zero is -273C - 0 degrees Kelvin, if average world temp is 15.0C then we are at 288 Kelvin so even a 3 degree increase is just 1% more heat energy and this is supposedly going to catastrophically destroy the world. WTF I do not believe this.

So the climate hoax has everything to do with controlling people through fear and it is working, especially on young people who's anxiety levels about so called climate change are making them ill. This allows governments to bring in ever increasing draconian measures to control their populations. Increased energy prices to fuel inflation, increased money supply to add fuel to the inflation fire and people being softened up through the resulting poverty inflation brings.
Couple this with the Anthony Fauci backed research on Corona Virus at Wuhan institute of Virology, the experiments (to modify virus to be able to infect human cells) were not allowed to be conducted in USA labs, so were outsourced to Wuhan along with $millions of grants to upgrade their bio-security there. This is likely to be a deliberate release of a virus given the level of bio-security at Wuhan. Which now has the entire world in the grips of yet more fear. The time has never been better for those with totalitarian visions to strike.


There is a reason the communist China banned Bitcoin and that progressives like Sen Elizabeth (marxist) Warren would like to see it banned. Is that it can play a great part in thwarting their ambitions for a world wide (nightmare) communist state by giving power to those who would oppose such a plan.

(The shit that revolves around in your head when you are driving a tractor)

Have another smoke and think about it.