Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5419. (Read 26610397 times)
May 21, 2021, 04:00:24 PM
See! This is super useful to see. It is encouraging to see so little piled up on the sell side considering the damn valley we are currently in. But to honor our lone dissenter I have reduced the sizes in the quote to teensy-weensie. Wait. That sounded like something JJG would say. Uh oh... something might have gotten stuck down in there.
May 21, 2021, 03:57:49 PM
you could say the crackdown on Chinese mining is good for BTC as this will reduce the carbon footprint. They use mostly coal fired power plants. Now the rest of the world pics up China's slack with more energy efficient grids. Next there will newly designed miners ( probably in the works now) that will dramatically reduce power usage while increasing computation abilities.
CHINA BTCANS NFTS WHEN? =)))) LOLLLL
May 21, 2021, 03:55:45 PM
see https://bitcointalksearch.org/topic/m.57059967
People proclaimed that the guy is midrust-lite, but examining his lines makes some sense (as a possibility).
A quick 2021 vs 2013 comparison...
2013: up from ~16 to $250 (1300%), down from 250 to 65 (-71%)
2020-2021: up from ~10K (where bull started going vertical) to ~65K(450%), back down currently to 30K at the current low (-53.8%).
At 25K (hypothetical) it would be -61.5% (close to a Fib number) and at 13K (close or at 200wk average) it would be -80%.
This shows to me that 25K is possible as this downturn low, but even this one seems excessive since we did not peak as dramatically as in 2013, therefore it is more likely than not that we either already bottomed at 30K (almost -54%) or would bottom somewhere between 25 and 30K.
Pure tech analysis guys would probably love for it to go to -61.8%, which would be just a tad below 25K (something like 24.7K if the top was actually 64.65 and not exactly 65).
TLDR; We already had enough decline compared with 2013, but could go to about 25K in the oversold scenario. Anything lower would be a problem.
People proclaimed that the guy is midrust-lite, but examining his lines makes some sense (as a possibility).
A quick 2021 vs 2013 comparison...
2013: up from ~16 to $250 (1300%), down from 250 to 65 (-71%)
2020-2021: up from ~10K (where bull started going vertical) to ~65K(450%), back down currently to 30K at the current low (-53.8%).
At 25K (hypothetical) it would be -61.5% (close to a Fib number) and at 13K (close or at 200wk average) it would be -80%.
This shows to me that 25K is possible as this downturn low, but even this one seems excessive since we did not peak as dramatically as in 2013, therefore it is more likely than not that we either already bottomed at 30K (almost -54%) or would bottom somewhere between 25 and 30K.
Pure tech analysis guys would probably love for it to go to -61.8%, which would be just a tad below 25K (something like 24.7K if the top was actually 64.65 and not exactly 65).
TLDR; We already had enough decline compared with 2013, but could go to about 25K in the oversold scenario. Anything lower would be a problem.
May 21, 2021, 03:54:38 PM
^you might be the guy on the pic.... a person who chose to HODLsleep when it’s HODLsleep time, doesn’t look om the guy on the pic...
May 21, 2021, 03:53:15 PM
holdsleep be like :
I promise you..... it looks a whole way different brother....
HODLsleep = shut down and eyes only opens in the morning, phone not in the bed until then...
May 21, 2021, 03:45:25 PM
you could say the crackdown on Chinese mining is good for BTC as this will reduce the carbon footprint. They use mostly coal fired power plants. Now the rest of the world pics up China's slack with more energy efficient grids. Next there will newly designed miners ( probably in the works now) that will dramatically reduce power usage while increasing computation abilities.
May 21, 2021, 03:45:19 PM
holdsleep be like :
May 21, 2021, 03:42:35 PM
May 21, 2021, 03:37:07 PM
Gonna rock the drumset for half an hour and go to #hodlsleep.
See you guys
See you guys
May 21, 2021, 03:33:52 PM
May 21, 2021, 03:31:02 PM
This is the first time i realize that this dude is looking fucking stoned.
Or am i just projecting?
Nothing dramatic has happened. Yes, the dip can be called a crash, but I don't think that it will have a negative impact on the bull market. I still think we are on the way to 100K this summer. Hopefully this dump is caused by Moron Musk. He may be selling his coins on a loss now. I'm sure he feels no shame or guilt, since he is an aspburger imbecile. But we need to get rid of this cancer as soon as possible. Anyway, from my observations since 2017 any daily 30% crash is finished when there is a 25%+ recovery. In our case we need to get to 37.5K to be safe. And in several days something like a double bottom around 33K-35K will seal the end of the correction. And during the writing this has happened, so cheers, we are out and free to go up! I hope for no double bottom this time 
I guess we are in the bold part now. I really don't know why practically every big recovery which I've witnessed so far follows that patter. I guess the answer is the infinite pain of the trend followers losing their last satoshis. RIP morons. Strong hands as always - rejoice, the path to 100K and beyond is wide open!
This is Bitcoin!
When you think it can't go deeper any more, it suddenly goes up again.
May 21, 2021, 03:28:39 PM
May 21, 2021, 03:28:23 PM
I am still confident in Bitcoin in the long-term and even on this bullrun. I really don't think we had the top at 65K before the bearmarket.
BUT
We should to admit that this dump from 60K without any really bounce till 30K is huge, and no one expected this. And came very fast. This happened just after an only 3x ATH. It is not if it appeared after a X10+ from ATH.
In addition, we still don't know if the bottom is printed. If we go to 25K$ish, or to previous ATH (or even below.. can't imagine) now, how the market and the cycle will react ? I mean the Daily, weekly and monthly are already ugly now.
We should accept that we never saw this kind of DIP in a BTC bullmarket (proportionally).
HODL.
BUT
We should to admit that this dump from 60K without any really bounce till 30K is huge, and no one expected this. And came very fast. This happened just after an only 3x ATH. It is not if it appeared after a X10+ from ATH.
In addition, we still don't know if the bottom is printed. If we go to 25K$ish, or to previous ATH (or even below.. can't imagine) now, how the market and the cycle will react ? I mean the Daily, weekly and monthly are already ugly now.
We should accept that we never saw this kind of DIP in a BTC bullmarket (proportionally).
HODL.
never? check out that 2013 bull run..$250 in April, then $65 in July.
The structure looks very similar...so far, albeit the move from Jan to April is shallower in 2021 and so is the dip (so far).
We were at 13$, december 2012. 260$ The 11th april 2013, so X20 in 4 months... We cannot compare with 2021. If we compare it would mean that BTC would be at 3K$ in december 2020. We were at 20K..
May 21, 2021, 03:25:11 PM
Nothing dramatic has happened. Yes, the dip can be called a crash, but I don't think that it will have a negative impact on the bull market. I still think we are on the way to 100K this summer. Hopefully this dump is caused by Moron Musk. He may be selling his coins on a loss now. I'm sure he feels no shame or guilt, since he is an aspburger imbecile. But we need to get rid of this cancer as soon as possible. Anyway, from my observations since 2017 any daily 30% crash is finished when there is a 25%+ recovery. In our case we need to get to 37.5K to be safe. And in several days something like a double bottom around 33K-35K will seal the end of the correction. And during the writing this has happened, so cheers, we are out and free to go up! I hope for no double bottom this time
I guess we are in the bold part now. I really don't know why practically every big recovery which I've witnessed so far follows that patter. I guess the answer is the infinite pain of the trend followers losing their last satoshis. RIP morons. Strong hands as always - rejoice, the path to 100K and beyond is wide open!
May 21, 2021, 03:25:02 PM
Bring the pain! 
Bob hit the best moment to sell some of his stash for building his ranch. Congrats!
Now let's all sit back and watch. We are Hodlers, aren't we?
Bob hit the best moment to sell some of his stash for building his ranch. Congrats!
Now let's all sit back and watch. We are Hodlers, aren't we?
May 21, 2021, 03:21:08 PM
So...2013 repeating it is then. Enjoy the slow summer. Look forward to October.
Not quite... IMO every bullrun is unique so we can't say what awaits us later this year... we might as well go straight to the moon after this dip... or slowly bleed until August-September and then start a facemelting rally from there... noone knows...
May 21, 2021, 03:16:47 PM
I am still confident in Bitcoin in the long-term and even on this bullrun. I really don't think we had the top at 65K before the bearmarket.
BUT
We should to admit that this dump from 60K without any really bounce till 30K is huge, and no one expected this. And came very fast. This happened just after an only 3x ATH. It is not if it appeared after a X10+ from ATH.
In addition, we still don't know if the bottom is printed. If we go to 25K$ish, or to previous ATH (or even below.. can't imagine) now, how the market and the cycle will react ? I mean the Daily, weekly and monthly are already ugly now.
We should accept that we never saw this kind of DIP in a BTC bullmarket (proportionally).
HODL.
BUT
We should to admit that this dump from 60K without any really bounce till 30K is huge, and no one expected this. And came very fast. This happened just after an only 3x ATH. It is not if it appeared after a X10+ from ATH.
In addition, we still don't know if the bottom is printed. If we go to 25K$ish, or to previous ATH (or even below.. can't imagine) now, how the market and the cycle will react ? I mean the Daily, weekly and monthly are already ugly now.
We should accept that we never saw this kind of DIP in a BTC bullmarket (proportionally).
HODL.
never? check out that 2013 bull run..$250 in April, then $65 in July.
The structure looks very similar...so far, albeit the move from Jan to April is shallower in 2021 and so is the dip (so far).
May 21, 2021, 03:14:43 PM
So...2013 repeating it is then. Enjoy the slow summer. Look forward to October.
Kinda seems that way now
May 21, 2021, 03:09:03 PM
So...2013 repeating it is then. Enjoy the slow summer. Look forward to October.
May 21, 2021, 03:07:41 PM
Are we still in denial or moving to anger? Probably the latter with China/Russia being the culprit yet again.
The funny thing is that China/Russia wants to suppress bitcoin because it represents freedom and dummies on the West suppress it because it represents China somehow?!
WTF
The funny thing is that China/Russia wants to suppress bitcoin because it represents freedom and dummies on the West suppress it because it represents China somehow?!
WTF
get some on sale
I am set at:
33033
32032
31031
29029
28028
27027 3x buy in
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