Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4370. (Read 26711605 times)

Get well soon man, hope whatever it is clears away in no time and you're out of memory again.

Things are really busy IRL for me, so I've got to skip long posts and resort to meme-type replies. I must have missed your drone post(s).

Speaking of drones, many thanks to Bob for mentioning the Autel Evo a few pages back, was not aware of it, had the impression DJI was still king, but it looks like there's a worthy competitor out there. Good for them, good for us.

Back on topic, let's hope King Daddy pumps much more than it dumped... Closing the year in 6 digits would be awesome. Not very likely, but you never know... King Daddy likes to surprise us.

This is the first time I saw a Proper cAPSLOCK from you. Even your Username is not a Proper CAPSLOCK.
Anyways, Congratulations!!!  

😂💯

People have started speaking about it... this is the transcript from below YouTube video discussing about Ponzi scheme


From 22:20 to 23:55  https://youtu.be/5S-ZjGvOZ1A?t=1340

and some top comments on this video

I thought I'd try share a more informative form of TA, as opposed to the usual up or down theories. Here's the influence of Bitcoin's long-term MAs on a short time-frame:



The yellow dotted line is the 200 Day MA, while the 50 Week MA is the red dotted line. Price initially found support at the former, and is now finding support at the latter. The only concern now on shorter time-frames, as drawn above, would be a bear flag pattern targeting lower lows. This isn't what I would expect to occur however given the long-term bullish pressure on price that is now taking affect at key support, as opposed to failing at key resistance ($59K-61K) as we previously saw. The long-term picture remains fully bullish, while price is finding support from it's long-term moving averages, as expected in a bull market.

On the Daily time-frame, price continues to hold the VPVR point of control (volume profile) from the past 4 months of trading, from $40K to $69K, in the $49K-51K support zone;



Price otherwise remains fully in it's long-term uptrend now with further confirmation, completely unaffected by the recent correction, at the 0.5 fib retracement level from annual lows to annual highs:



As many of you probably know by now, $2B long positions were recently liquidated, opening the doors for further speculation to the upside with less risk from a traders point of view. Not forgetting that buying the long-term moving averages in a bull market is one of the strategies of choice from investors, as requires limited consideration with a high risk/reward return.  So until these long-term MAs are convincingly broken, ie multiple Daily closes below the 200 Day MA ($46.6K), followed by closing a Weekly candle below the 50 Week MA ($47.4K), price remains fully bullish long-term, even if looking potentially bearish in the short-term.

If not obvious from the analysis above, the bulls are buying up the long-term moving averages, in the anticipation of higher highs in the near to long-term future. Buy fear & sell greed.

So quickly we go from "December is going to be CRAAAAZY" to:



I think the mistake that gets made is the idea that history repeats itself.  Which, of course, it sort of does, and never does.

The stage is SO different now than it was a few yeas ago.  And it has to be since we are talking about orders of magnitude more value coming in...

I would leave the seat belt on just in case.

We had a pretty big flush, it will need a bit of recovery time I think, so January is my bet.

Why not Dec who’s stopping? Fed.?

Edit:
Something for feds in my next post.

My bet, ATH in January.

Excluding any bullshit by the FED.

Let see how long they can hold? A day? A Week? That’s it?

You a No Agenda fan?  Just the last few months I have become one...

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Unexpected encounter with a rusty pipe?  Just kiddin man, get well soon!

Awesome image

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Ouch, that sounds like an unpleasant way to start the week. Wishing you a speedy recovery. In the meantime, enjoy having some down time and some time for chart gazing - it could be a great week for it. Now that the leveraged longs have been wiped out there can't be much stopping the helicopter from now onwards. December should be interesting....

Never knew we have a printed version of Bitcoin Magazine!

"Just spotted in Brooklyn @BitcoinMagazine"

https://twitter.com/PsychedelicBart/status/1467514992979283968

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Get well soon fellow WOer.

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