Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4721. (Read 26609563 times)

Awesome movie imo

Whoever controls the spice controls Dune...

Nonsense. 

You surely appear to not know what you are doing. 

If you are in a BTC accumulating phase then your plan should include both buying regularly and buying on dips, and part of the balance of your own finances and psychology is to never run out of money in the event that the btc price keeps dippening beyond expectations.

A short, good analysis of some of these facts on Twitter. Still reading it, sharing before I close that tab.
https://mobile.twitter.com/INArteCarloDoss/status/1438944431734919175


Myself agreed.  Myself to bookmarked this very useful translation tool.

Seen the DUNE lately ??

Explanation

Myself may take to create an alt account and used that to take a several fun taking that tool

Which moon are you?

Because it works perfectly, my dear Watson?
Once you have ruled out the impossible, what you are left with must ...

... Oops.

Then you are a intelligent you are a understand everything around us? Our take ways to create you are a paid the of naughty things you are a write this place. No be surprising conditionally to yours next smartphone explodes on yours pants.





(With help from https://lingojam.com/BadTranslator)

Have my last. Great short term analysis IMO.

IMO EU should be fine in longer run if they start pumping money in defense, they needs to be careful tho. Leadership is important, recently French presidential candidate for 2022 made some noise in favor of Russia and China due to this recent deal, don't know if it was only political speech or Far right in France really hate USA that much.

Conventional subs are okay-ish for defensive strategy but inferior when it comes to hunting game, that's where SSNs (nuclear -powered) comes up so Oz did hit the jackpot by striking this deal, considering few countries operate SSNs and has this technology. Its clear that Australia changing their doctrine but it will take decade to mature, till then they could also try leasing couple of subs from the USA similar to India (Russian sub).

Yeah but all of them are SSBNs (Nuclear armed) for deterrence /second strike capability. 6 SSNs (right now India using Russian sub) and 6 S5 class subs(Next generation subs, not sure if its SSBNs or SSNs)  are also in pipeline and construction is about to start so India is heading in the right direction and i think France is going to assist us this time, last time they declined to provide any support but now table has turned because of AUKUS alliance.

https://www.google.com/amp/s/realty.economictimes.indiatimes.com/amp/news/residential/china-moves-to-cap-the-cost-of-renting-a-home-in-cities/85835286

China moves to cap the cost of renting a home in cities

3 weeks ago..


There you go.. China regulated something something and BAM real estate market crash..


Government sticking their noses into the free market ... yada yada ..

Read more..

This real estate collapse in China is not “out of nowhere”...

They did it themselves, but ya might be hard pressed to find much documentation stating that.. Lot of news sites don’t talk negatively about the CCP very often ... for some reason..
Wonder why...



https://global.chinadaily.com.cn/a/202107/30/WS6103316ba310efa1bd6655e1.html
https://www.google.com/amp/s/www.wsj.com/amp/articles/china-moves-to-ease-child-rearing-costs-in-drive-to-boost-births-11626799245
https://www.bloomberg.com/news/articles/2021-07-16/china-says-hong-kong-s-next-leader-must-tackle-housing-crisis
https://www.google.com/amp/s/amp.scmp.com/business/china-business/article/3124231/two-sessions-2021-china-expand-land-supply-rein-runaway

I don’t think this China housing crash is “out of nowhere”..

Iirc I read a week or so ago that China passed new regulations something something about making housing available/affordable to more of the commoner types..
Basically price fixing housing costs down so their people didn’t have to be rich to afford an apartment..

And then all the big real estate companies crash..

Let me look it up..

Explanation

Looking over on the Bitcoin Futures chart, this IS the sort of golden cross investors will be interested in buying. Price is above both the 50 & 200 MA, where price is notably beginning to find some buying pressure:



The death cross sell signal of $32K was notably awful, to the point where it looked like a fake-out rather than a legitimate selling opportunity (with any sense investors would wait for a re-bound, instead of immediately selling based on this signal). Given within 2 months the golden cross will arrive, this more of less confirms the theory due to the short time-frame between these crosses, with confirmation arriving tomorrow.


This to me explains why price hasn't capitulated further after the break of $42,900 local lows, which is what most would expect at that point. Instead price is finding support in what appears to be the "middle of nowhere" on the spot chart after failing to find support above the 200 Day MA (post golden cross), but is otherwise finding buyers at key support on the futures chart. This suggests that $40K doesn't require re-testing after all, neither does the full extent of the volume gap around $40K-$44K, if price is able to bounce from the middle of it that is.



Nonetheless, a break below $42,500 tomorrow would likely result in a retest of $40K. On the 4hr chart, the bulls need a close above local resistance to confirm new local lows.



Now that enough spot traders are feeling bearish with the break of the 200 Day MA, I'm feeling a bit more bullish. Still 55-45 regarding a re-test of $50K before a re-test of $40K.

Bought $44K.
Waiting my another order $42K and $40K to get filled up...

The one good thing about the correlation with the legacy markets is that when they do throw money at this dip, Bitcoin will boom along side it.

Just remember the covid crash last year and what happened after it. Also, don't do as mindrust did and sell the bottom.

@kraken    #bloodinthewater

The spice must flow.