Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4407. (Read 26710895 times)

And i bought the dip at 66k

I slap myself with a trout.

You might be aware, as a hodler of a "high risk asset", you would not fall into panic mode as easily as the ordinary civilian 
Beause we have a separate thread for coughvid, i'll limit this to one line:
High virus replication levels in the upper respiratory tract mucous membranes actually link to high spreading rate but less danger for the host organism, so a new variant of this likes is actually good news.

Explanation

Hehe. Who cares?

They will do it until the end of the World.
Just close your eyes. xD  
Buy More on Dip, Sit tight, Enjoy some memes and HODL.



Kitten me?





I am 1 Step Forward. I consider My Wallet as a My Fix Asset. As I am not going to spend a satoshi.
Just wondering when my next generation will find that I left Gems for them, How much happy they will be. 

Ditto.

The only question is whether it is a "savings" or "checking" account (as they are called in US).
For some, maybe "checking", for myself -"savings".

China ban, again
They change the wifi password
Daily dose of FUD




#haiku

Explanation

Pool plebs probably do, but I doubt they matter much in the grand scheme of things.

Quite surprising if big miners are actually dependent on DNS.

Mid-low grade hopium from yesterday. Strictly for addicts.

On-Chain Analysis: Long-Term Holders Start Selling – Bitcoin Ready for Surge

https://beincrypto.com/on-chain-analysis-long-term-holders-start-selling-bitcoin-ready-for-surge/

 Seems as though China might still be messing with us.

source:  https://www.coindesk.com/tech/2021/11/26/multiple-mining-pools-are-facing-connectivity-issues/

"Major crypto mining pools including Binance Pool, F2pool, Poolin and ViaBTC are reporting connectivity problems, they said in their Telegram channels in the past 24 hours.

 • The issue is caused by domain name system (DNS) “pollution,” Binance Pool and Poolin said on their Chinese Telegram channels. F2pool also said the pool’s domain name is not being properly resolved.

 • The DNS is the internet service that converts domain names like coindesk.com into internet protocol (IP) addresses, which are strings of numbers. DNS poisoning can occur when a hacker redirects traffic from the domain name to an imposter website.

 • ViaBTC users are also reporting on Telegram that they are having difficulty accessing the pool. On its English Telegram channel, the pool acknowledged the issue but did not specifically mention DNS connectivity problems.

 • “The connectivity issues appear to be primarily affecting Chinese miners,” said Alejandro De La Torre, founder of ProofofWork.Energy consulting firm and former Poolin vice president. De La Torre thinks the Chinese government is likely interfering with the mining pools.

 • Binance Pool’s bitcoin hashrate is down 14% in the last 24 hours. F2pool has dropped almost 8% and ViaBTC has fallen by 7%, according to BIT Mining’s information platform.

 • A large part of the pools’ operations are located in China, which has vowed to eliminate crypto mining. While their hashrate does not come only from China, and they have said they plan to exit the country by year-end, the publication of material in Mandarin could be interpreted as courting its population.

 • Binance Pool, F2pool, and Poolin advised users to modify their DNS to solve the issue. Binance Pool said that a long term solution is to use a VPN to circumvent the country’s telecoms carrier."

I've stopped watching TV since 2016. Has the new mutation really caused so much fuss? Will go check some news sites...

Let's hope markets will come back to their senses, and price will resume UPpity soon.

Holy shit Philip. questioning if shenanigans? or a future BTC price drop?  or the dumbass point that BTC price follows hashrate?  oh gawd...     Yeah.. we might be at the end of a four year cycle this calendar year or even within the next three quarters.. so yeah.. BTC price could drop largely.. but it is not because of lowering of BTC hashing power that might have happened within the first two hours of a new difficulty period.

Think about it.  You make your assertions 2 hours after the previous difficulty adjustment and you see big numbers projected for the next difficulty adjustment based on 2 hours worth of data and you believe that is noteworthy or representative of something significant beyond your inclinations to get excited?  Get the fuck out of here.  We need more data.. at least several days worth of data before getting all worked up over 2 hours worth of data (that's about 12 blocks which is about .5% of the total 2016 blocks)

To put our current hashrate matter in context, we had 9 positive difficulties adjustments in a row and the most recent difficulty adjustment was a mere minus 1.5%.. zoom out a bit.

https://btc.com/stats/diff?_ga=2.166892222.1079250679.1586286038-48233127.1586286038

Several (non headline) articles I've read suggest that this Omicron carry on most likely has less severe symptoms.

Perhaps when the panic of politicians and hyper propaganda media dies off and some sense of using a few brain cells re-appears in the next few days markets including BTC will recover heavily.

Explanation

Still too early to tell!.. check again in a few days...

Explanation

Couldn't agree more! Especially not 10x leverage, unless you are an experienced day trader looking at the 10/15/30 minutes chart, or 1hr at best.
3/4x leverage would be a lot more sensible when trading the 4hr or Daily, but personally was a eyeing up the short-term risk/reward, rather than medium-term.


Yeh neither do I, unless leverage trading, then it's a must. I don't mind losing 10% in trade, but I do mind losing 100%, even if only 0.3% of total holdings.


Honestly, I had overlooked that so I appreciate your insight. Alas my trade didn't last long, I tightened up the stop loss to break-even when $55K was rejected, given price had moved 1% (+10% profit) above my entry ($54.6K) and my stop loss was previously 0.75% below (7.5% loss). As I said, this was only a short-term time-frame trade, the target for me was around previous resistance of $57.5K and $61K, nothing special manoeuvre. The reason being was knowing that if $55K was rejected, followed by price finding support again at $54K, then this merely confirms a bear flag pattern targeting $50K, and thus the risk/reward for a short-term high leverage long-term has passed imo. No doubt there will be another opportunity, whether at higher prices or lower prices, but price is irrelevant to the risk-reward ratio when trading.



Now price is around the same level, but instead despite finding support from a newly found accumulation zone around $54K, $54.5K has become short-term resistance, as opposed to having breathing room to the upside as was previously the case, while the short-term target would be a measly $55.5K, based on remaining within a bear flag structure. Obviously none of this is relevant to longer-term time-frames, only a short-term speculative trade, it's barely even relevant to mid-term time-frames. But the volume gap between $53K to $50K looks quite releant, especially given a bear flag targeting through it:



Ideally, this is where a bear trap wick can be seen, down to $49K-$50K strong volume support, and likely back upto $53K within a 4hr period. Am now remaining neutral again short-term until the bear flag is invalidated (price breaking above last weeks low of $55.6k), or otherwise $50K is re-tested. This would place the Fear & Greed Index further into the bulls favour, as well as shorts being over-leveraged I imagine.

Let's come back to this in a few month's time.