Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6733. (Read 26716416 times)

legendary
Activity: 1722
Merit: 2213
Small profits taken at $18K. I'm now short-term bearish on the 4hr, looking for some tasty dip on the Daily chart, waiting for the Weekly RSI to not be so oversold...

*Picture time*

Based on the 4hr MA Ribbon, the parabolic structure has been broken. While there is support below, it forces me to call the local top at $19.5K for now:



 
 
 

The trend is your friend, until it becomes your enemy  Wink
legendary
Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
I'm liking this correction. It was the same last time we were revisiting the previous ATH (around 1150$) in early 2017. Upon hitting 1150 we had a decent correction to 700ish. A month later we were back at 1100$. Five more months and we were hitting 3K and we all know how the rest of 2017 went.

The longer you fuel the rocket the higher she goes  Cool
legendary
Activity: 2492
Merit: 1230
Privacy Servers. Since 2009.
What is this? A dump for ants?  Cool
copper member
Activity: 630
Merit: 2614
If you don’t do PGP, you don’t do crypto!
That's the spirit, f1980!!!!!!
(...) gotta get rid of some of this extra money... surely cannot take it with me, and who knows when the wished I could "take it with me" might end up playing out.

Being the richest guy in the cemetery isn't exactly my masterplan either.

True masterplan:  A long-term investment in the dynastic power of future friends.  (Jay already knows my opinion of lil Gee selfies.  Tongue Tongue Tongue)

In this game called life, it is not who dies the richest who wins:  It is whose great-great-great-grandchildren have the most power.  Wealth is neither the beginning nor the end; but as I have learned the hard way, it certainly helps.



’member, lads, it is he who owns the means of reproduction who wins.  Home Economics 101.  IT IS THE SECRET OF LIFE.

Quote from: Nietzsche (“... Ein Buch für Alle und Keinen (‘A Book for All and None’)”) ∞/0
Alles am Weibe ist ein Räthsel, und Alles am Weibe hat Eine Lösung: sie heisst Schwangerschaft.

* nullius ist Keinen ü b e r Allem.
copper member
Activity: 630
Merit: 2614
If you don’t do PGP, you don’t do crypto!
Nulli..I am sure you have thought about this..but we are just a bunch of dumb hicks around here for the most part. you come in with a scalpel when [...]

All too oft have I been accused of wielding a chainsaw, when a scalpel would suffice.  This is new:


Thank you, Mr Toxic.  But this won’t do:



The gentleman of refined tastes is being persecuted by Toxic2040’s antithesis!

...and one more thing, Mr Toxic:  Love the library.  But I keep mine encrypted.


If memory serves, there are a few other Easter eggs alike to the foregoing—never mind.

Mood Musik for my friends to enjoy whilst reading my posts:  Free download of a public domain project!

Hotlinks to MP3s for all tracks (now playing):  Aria; Variation 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27–28, 29, 30; Aria da Capo è Fine.

24-bit FLAC is also available; see the above archive.org link for that, or for the handy in-browser Javascript musik player.


Blame this for my attempts to introduce culture to the Wall:  (Read 225 times :-()

museums, art, libraries
tremendous success: 0 answers
0 is my name!
legendary
Activity: 3122
Merit: 1538
yes
Everybody is guessing but I guess this will take a few days to settle and has a probability of being a local top for now.

Come back in 2 weeks for new attempt at ATH.

Meanwhile => accumulate more.
legendary
Activity: 2186
Merit: 1213
2k soon theories coming up asap after a needed correction  Cheesy
legendary
Activity: 1834
Merit: 4197
Congrats to all the newcomers. You just panic sold your first bitcoin. Join us next week where you buy it back for a hefty loss.


+1 WOsMerit


-----


-snipped-

1 BTC = 1 BTC.  I said it in 2017.  I said it in 2018–19.  I said it in March 2020, July 2020, and September 2020.  I said it last week—I will say it now, too!

I can check fifty times per day, or per hour, or per minute—it still says, 1 BTC!

  • Bear market:  Shrug.  Sigh.  OK, I will try to eat less for awhile—because spending hurts.
  • Bull market:  Shrug.  Smile.  OK, prices are lower now!  Wow, my expenses are getting so much cheaper...

It is how my lil selfie survives being overinvested in Bitcoin.  Tongue Tongue Tongue



If you have a large holding from 2011, then just enjoy it and support Bitcoin’s further development and social acceptance.  This last is important, because Bitcoin is more than a technology:  Bitcoin and its value are a sociological phenomenon.

+1 WOsMerit
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
Sound like me?  Just looking at one of my Newbie-rank posts from December 2017—coincidentally, two days after the ATH:

In principle, I am also against speculative trading; though I certainly do not complain about appreciation of my bitcoins’ value!  I am in Bitcoin primarily for reasons of ideology.

[...]

I do share your concern about certain apparent political collision courses, perhaps inevitable.  That’s why I try to inform people about the historical incidence when gold was banned for four decades in the U.S.

[...]

If you have a large holding from 2011, then just enjoy it and support Bitcoin’s further development and social acceptance.  This last is important, because Bitcoin is more than a technology:  Bitcoin and its value are a sociological phenomenon.
^^^ The Bitcoin: The Social Phenomenon thread was long in coming.

Bitcoin does not live in a vacuum - so of course, speculation remains part of what incentives it's whole system to work in terms of miners at the base security level and then building value within the community - whether being used in commerce, stored or even incentivizing development.  Of course, you do not necessarily need to participate in speculation in order to benefit from it, and there may likely be none (or only a few) peeps who actually participate in bitcoin from all angles...

I should just stick with NO ONE can participate in bitcoin from all angles because there is ONLY so much that any one person can do in terms of participating in the various systems that are directly or indirectly inspired by bitcoin (and ongoingly growing too).

Going for a second dip.
Hopefully we will be above 16500 tomorrow, but if not, I've got some buying power waiting to be deployed.
I would not mind if the decline stops right here either, but some double dip is virtually guaranteed (if not in the next 24 hr, then in the next 3-4 days).

Maybe or maybe not...

Could test $17,253 again or could test $16.5k or lower.  

Historically, we have experienced plenty of 30% to 40% tests of support (and even greater from time to time) right in the midst of a bull run...

In this case, 30% would be $13,643, and 40% would be $11,694.  Greater than 40% would be lower prices than $11,694.  So, sure.  There is that angle, and BIG ASS corrections can be quite healthy for shaking out a few weak hands here and there..   If you consider our current correction, it has only been about 11.5% from $19490 to $17253.  I am not wishing for down, and do tend to get pleasure from the BTC price going up and watching bearwhales, no coiners, fence sitters, bitcoin naysayers and alt-coin pumpeners have to chase the bitcoin train UPpity when they failed to pee pare their lil selfies.

I am not going to complain either to be witnessing some shitcoins getting some purgening of a wee bit of value in this dumpening, too.   Purgening of shitcoin froth could be some of the fuel that is driving this correction.. yet I am not going to proclaim to be able to pinpoint specific motives beyond asserting that if momentum can be established in the DOWNity direction, then surely there are players that are going to take advantage of such DOWNity momentum to push the BTC price down for as far as they can and to keep it down for as long as they’ve  can.... So there is that angle, as well.
copper member
Activity: 630
Merit: 2614
If you don’t do PGP, you don’t do crypto!
purring kitteh blows a kiss
4h


thin necks wring easily
#stronghands

I just made quadrillions of dollars* shorting Bitcoin at high leverage!!   Cheesy

* Vintage Mugabe-era Zimbabwe dollars—or perhaps future American dollars, which may soon match.

#stronghands

1 BTC = 1 BTC.  I said it in 2017.  I said it in 2018–19.  I said it in March 2020, July 2020, and September 2020.  I said it last week—I will say it now, too!

I can check fifty times per day, or per hour, or per minute—it still says, 1 BTC!

  • Bear market:  Shrug.  Sigh.  OK, I will try to eat less for awhile—because spending hurts.
  • Bull market:  Shrug.  Smile.  OK, prices are lower now!  Wow, my expenses are getting so much cheaper...

It is how my lil selfie survives being overinvested in Bitcoin.  Tongue Tongue Tongue

You can amuse ur lil selfie all the way to the poorman's house, if you are rich in some kind of money that nobody (relatively speaking) wants.
You probably are "overinvested in BTC".. especially if you really do not attempt (or is it refuse?) to balance out your BTC versus fiat in a meaningful way... you are just not recognizing the overinvested status of ur lil selfie..  Tongue  Tongue Tongue
Bookmarking a few things to which I should like to return—admittedly wishful thinking, maybe...  :-/ :-/ :-/



Sound like me?  Just looking at one of my Newbie-rank posts from December 2017—coincidentally, two days after the ATH:

In principle, I am also against speculative trading; though I certainly do not complain about appreciation of my bitcoins’ value!  I am in Bitcoin primarily for reasons of ideology.

[...]

I do share your concern about certain apparent political collision courses, perhaps inevitable.  That’s why I try to inform people about the historical incidence when gold was banned for four decades in the U.S.

[...]

If you have a large holding from 2011, then just enjoy it and support Bitcoin’s further development and social acceptance.  This last is important, because Bitcoin is more than a technology:  Bitcoin and its value are a sociological phenomenon.
^^^ The Bitcoin: The Social Phenomenon thread was long in coming.
copper member
Activity: 630
Merit: 2614
If you don’t do PGP, you don’t do crypto!
Are we about to get seriously f-ed?

https://twitter.com/brian_armstrong/status/1331744884856741888

Quote
Last week we heard rumors that the U.S. Treasury and Secretary Mnuchin were planning to rush out some new regulation regarding self-hosted crypto wallets before the end of his term. I'm concerned that this would have unintended side effects, and wanted to share those concerns.

 Plenty of VPN options to choose from, but otherwise I expect that Bitcoin, and all other cryptocurrencies will go on without them. 

You seriously mean that some people use Bitcoin (and other cryptocurrencies) without Tor?  Roll Eyes

(Not VPN.)
copper member
Activity: 630
Merit: 2614
If you don’t do PGP, you don’t do crypto!
Nice to see Trump wait for Thanksgiving Day to bury the news of the pardon he granted to Michael Flynn

I can't wait to see him try and pardon himself.
Even if it works, that only applies to federal crimes.
He is in a heap of shit for state crimes. (and he knows it)  His immunity runs out on Jan 20, 2021 at noon.
Pass the popcorn please...
Off to mother Russia.

Liberals with their conspiracy theories!
copper member
Activity: 630
Merit: 2614
If you don’t do PGP, you don’t do crypto!
I know he probably didn't break any rule, but I'd still have no problem if twats like this got nuked.

You → Safe Space

I know you probably didn’t break any rule, but I’d still have no problem if twats like you got nuked.*

* I mean literally nuked, IRL.  Of course, I will defend your freedom to be an idiotic jerk in WO.
legendary
Activity: 3990
Merit: 4597
Going for a second dip.
Hopefully we will be above 16500 tomorrow, but if not, I've got some buying power waiting to be deployed.
I would not mind if the decline stops right here either, but some double dip is virtually guaranteed (if not in the next 24 hr, then in the next 3-4 days).
legendary
Activity: 3388
Merit: 3514
born once atheist
legendary
Activity: 3010
Merit: 8114
legendary
Activity: 4354
Merit: 9201
'The right to privacy matters'
Fucking unlubed red dildo out of nowhere.

The worst.

Not unusual at all..

Got's to pee pare ur lil selfie for fast movements like this.  They happen a lot in bitcoinlandia...

Can you imagine?  Hardly having any corrections since $10k-ish in early September... sure, we had around 3 corrections, but they were largely short-lived less than a day or even just a few days at most... gotta have some corrections along the way.. otherwise, there are going to be troubles, just going UPpity in a straight line.. which hardly ever happens for a long time.

By the way, this week's candle opened $18,433, and it is the 8th green candle in a row.. so it will be quite interesting to find out if it is going to close in the green or in the red... and we still have 4 more days before this week's candle closes.... and by the way, since late 2016, we have had only one time in which bitcoin successfully pulled off 8 green weekly candles in a row... there may have been some other instances of such, but 8 green weekly candles in a row is not usual.. Will we get 8? 9? or 10? this time?  

I do not proclaim to know, but just pointing out the unique place in which the price of our lil fiend happens to be, currently... and now bouncing to recover from $17,253 into the $18,0xx, as I type this post.  quick recovery?  How would I know?.. but none of this seems atypical of lillie fiend.

Oh waaah! You mean we aren’t pumping to 25k by Thanksgiving?
Now what am I supposed to tell Grandma and cousin Mel at the
dinner table?

Ask your lil buddy... lambie bambie...

He knows every thing.. and if he doesn't he will just make something up.  lambie come out?  lambieeeeee?

 Cheesy Cheesy Cheesy

we drop hard on weds before thanksgiving if lucky we make it up on sunday after

pretty sure this happens most thanksgiving eves.
sr. member
Activity: 1414
Merit: 326
Oh waaah! You mean we aren’t pumping to 25k by Thanksgiving?
Now what am I supposed to tell Grandma and cousin Mel at the
dinner table?
Observing $18085 waiting for the next pump 25k.
legendary
Activity: 1834
Merit: 4197



#dyor

purring kitteh blows a kiss
4h


thin necks wring easily
D

#stronghands
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
Fucking unlubed red dildo out of nowhere.

The worst.

Not unusual at all..

Got's to pee pare ur lil selfie for fast movements like this.  They happen a lot in bitcoinlandia...

Can you imagine?  Hardly having any corrections since $10k-ish in early September... sure, we had around 3 corrections, but they were largely short-lived less than a day or even just a few days at most... gotta have some corrections along the way.. otherwise, there are going to be troubles, just going UPpity in a straight line.. which hardly ever happens for a long time.

By the way, this week's candle opened $18,433, and it is the 8th green candle in a row.. so it will be quite interesting to find out if it is going to close in the green or in the red... and we still have 4 more days before this week's candle closes.... and by the way, since late 2016, we have had only one time in which bitcoin successfully pulled off 8 green weekly candles in a row... there may have been some other instances of such, but 8 green weekly candles in a row is not usual.. Will we get 8? 9? or 10? this time?  

I do not proclaim to know, but just pointing out the unique place in which the price of our lil fiend happens to be, currently... and now bouncing to recover from $17,253 into the $18,0xx, as I type this post.  quick recovery?  How would I know?.. but none of this seems atypical of lillie fiend.

Oh waaah! You mean we aren’t pumping to 25k by Thanksgiving?
Now what am I supposed to tell Grandma and cousin Mel at the
dinner table?

Ask your lil buddy... lambie bambie...

He knows every thing.. and if he doesn't he will just make something up.  lambie come out?  lambieeeeee?

 Cheesy Cheesy Cheesy
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