Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5069. (Read 26619992 times)

Explanation

You've been around a while.  You have been through more than a handful of big bitcoin moves.  And the people you describe have always existed as well.  If you can build a big enough following you might be able to scalp a pretty nice pile out of your followers.  And some of these guys might even be somewhat gifted analysts. 

In my experience the ones who spend time predicting things in the short time frame but make "sure thing" calls on direction end up crashing eventually. 

Because ultimately they are only a little better than full of shit.

I do not know that S2F chart you posted... but it looks bullish as heck for the run we are currently in.  We haven't even started according to that thing.

See I like a chart that just puts the info out.  Our own Toxic surfs that wave...

evening charts

Bitcoin rebounds 4.45% thru short books and moderate volume as the week closes out on a buck moon. Steady on lads.

#dyor

a red eye watches as two hands clap and a bull elephant roars
1h


up periscope
4h

#stronghands

Explanation

Is that on Soundcloud?.....

I have been wondering how BIG of a candle does it take to burn a few shorts?

Remember that we were just down to $29,296 about 2.5 days ago, so there may have already been a decent number of shorts that were already burnt - and surely there had been quite a bit of downity talk in the past two days----

Sorry for your loss elliottflz65.. hope you did not sell too much of your 0.21 BTC stash at $29,800-ish....   Well, not really.  


I know that it is a bit of wishful-thinking to get $10k or $12k in the next 24 hours or so.. or even to get 3x in the next 3 months, but based on some of our recent levels of FUD spreading, I could appreciate that enough shorting fuel has been created to incentivize the lower scenario.. and the more elaborate scenario of 3x in 3 months would just be for additional funzies... a kind of stair-stepping event.


The extreme down scenarios do inspire the placing of high leveraged shorts, so we might need to be thankful towards any of that fuel that has already been used and might still be present to get us a bit more of a weekend of reckening.. if such a thing might be possible?

I am NOT going to rest assured about the bottom (of $28,600) being "in" until we get above $46k - and more than a mere spike would be nice.



Yes.. thanks for that chart, UnDerDoG81.  The chart shows that our current BTC price (or at least the price from a couple of days ago was at the greatest level of deviation from the stock-to-flow model, and for sure there are a lot of folks (likely prematurely) proclaiming the stock to flow model to be ded, and part of their justification for such ded proclamations of the S2F model is because the extent of the deviation (Plan B labels as deflection)... so we will see if it is really ded or not?  We will see.  jajajajaja

Explanation

Traders Influencers wrecked by bringing the price sub 30k. They still preaching 18k   let's see. Might come. But trading in this market situation is nuts. Market could turn anytime and many who sold could miss the train.

Edit: I see Virtualbacon admits he got shaken out and believes 30k is bottom. Others could not admit. Was a fan of  Elliot Trading. But as soon as he sold his stash, he started to manipulate his followers telling em bitcoin going to 13k. While he was talking about 300k while we were at 60k. Unsubbed from many of these guys.

Edit: Here is a bullish chart. Bitcoin is at its lowest in history.

Nice green dildo to start the week-end !

 Deal!  Aluminum will be fine



edit: added one with tiny laser eyes for the faceless Dabs.

Explanation

Popping in before sleep to cheer lead…..

PAMP EET

$34000 in one hour 

... got that feeling again when we leave familiar numbers behind that we will never see again, like old gilfriends, $2 only a faded memory now but I know I went there, $32, $100, $300 was way too familiar thank god she's gone now, $1000 was friendly and fun but didn't stick around long, $9000 was just a total bitch who kept coming back for more, $20k popped in and out twice but didn't stay much ... $32k what will you do, you have one foot out the door?

God, ripple army is flooding my mentions on Twixter now... good grief.  This is horrible... I suppose I have to wield the banhammer.

Explanation

Tyler Winklevoss
@tyler
BTC is a rebel with a cause
https://twitter.com/tyler/status/1418673448893784066?s=21


@ashwsbreal
Elon accepting #Bitcoin  again for Tesla.

Miners leaving China and will eventually mine bitcoin somewhere else.

JP Morgan , Bank of America loves crypto now. ( in it for the tech )  

1 Year ago today Bitcoin was $9500 , today it’s at $32,000

Fundamentals are Bullish.
https://twitter.com/ashwsbreal/status/1418656387924639750?s=21


@michaelgmcquaid
$TSLA earnings on Monday.  Conference call could be an announcement time for Tesla to start accepting #bitcoin  again.  @elonmusk
https://twitter.com/michaelgmcquaid/status/1418673209575022596?s=21


@ashwsbreal
#Bitcoin  to 100k is imminent. Fuck the bears
https://twitter.com/ashwsbreal/status/1418623472842985478?s=21



I have a feeling this weekend is going to be good for bitcoin.

NFA

Night boys!

Explanation

steady diff of + 1.4239%  and steady price of 32,300 means miners are whaling still bull for any paid off BTC miner .


144 or 146 blocks a day at 6.3 = say 920 coins for miners daily.  if they are mining at 50 watts a th and 5 cents lots of profit for them.

Explanation