Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6900. (Read 26712838 times)

legendary
Activity: 2464
Merit: 1145
Umm I just noticed something... and it's kind of ON TOPIC (?!?)



The order books get REALLY REALLY thin with any offers over 14k.

It's hard to read this next chart, but basically look at the bars.  over 14,400 they get really dwarf-y.



Personally i do not trust orderbook analysis that much - it is just too easy to game it (canceling orders or hidden orders).

I would suggest to check metrics like BTC and stablecoin inflow/outflow from major exchanges.


Over this year we had huge outflows of BTC and the amounts on exchanges are nearing multi year lows.
legendary
Activity: 2464
Merit: 1145
I dont want to be a party pooper, but it is highly unlikely we see one green candle straight to 100k  Sad

There will be a crazy BTFD moment very soon.

We are right at long term macro resistance, all HTF candles are outside the BBands, we got bearish divergences.

I think blow off top very soon.


/edit

My personal prediction is a ATH between 150-200k for this bull cycle and a longterm target between 500k (gold marketcap) and millions(BTC has more utility wrt to financial markets).

I don't think that can be called a blowoff top but I got your idea. What you don't see/understand though is that BTC is still undervalued and dirt cheap even at $13k... ATH is long overdue it's not a big deal and I don't think many hodlers are going to sell significant q-ties at ~$20-25k ...   Cool



My though behind the blow off top is that i believe a ton of sideline money is in disbelief right now.

I can see them fomo in and then we get slapped back by some bearwhale illuminatis which will create our blow off top ^_+

Bears will then get their orgasm and short the shit out of BTC just to get bear trapped around the 10,5-11,5k bottom  Grin
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
Umm I just noticed something... and it's kind of ON TOPIC (?!?)



The order books get REALLY REALLY thin with any offers over 14k.

It's hard to read this next chart, but basically look at the bars.  over 14,400 they get really dwarf-y.



Another way to say it is once we get over 14k there are only a few hundred BTC on the orderbooks between there and an ATH.  Well, I do not know for sure what's over 18k... hmm.

But you know what this means?
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
Hahahahahaha

You did have a really decent opportunity on September 2/3 to buy whatever the amount of those coins back at a considerable discounted price - and of course, various other times thereafter, too... so presumably (based on your posting here), you did not buy any of them back?   Cry Cry Cry Cry

No :-(

But I earned some bitcoins since then, plus some shitcoins and exchanged those to bitcoins at decent prices so I'm good. Bills had to be paid, coins had to be sold, better at 12xxx than 9xxx or whatever the dip was.

Cannot argue with any of that.  Your earlier sell price was NOT really bad at all.  I had to sell a bit of lil fiend in November 2018 - due to bills - and I think that I got an average of about $4,200-ish out of those sold.... I did buy some of them back in the subsequent months, but really, BTC was NOT in that price territory for long enough for my holdings to completely get back to where it was before the sale.

So, I understand the juggling of cashflow that sometimes does not allow as much of a cushion as might be preferred - --- so your outcome likely worked out better than mine.   In my situation, I had entered into contracts in March/April 2018 - and so I knew that the bills were coming and I did a considerable amount of preparation - but NOT totally, so I let some of the cashflow ride inside of my BTC holdings. 

So in my case, it just so happened that large portions of my bills came due in such a way that was less than preferable from my perspective, including our price drop (halvening of price that also happened around that same time), and so sometimes the gambling that might be done - which I had done, might not pay off, and was surely partly a risk that I had taken of my own accord.   Cry Cry Cry Cry
legendary
Activity: 2478
Merit: 1220
Privacy Servers. Since 2009.
I dont want to be a party pooper, but it is highly unlikely we see one green candle straight to 100k  Sad

There will be a crazy BTFD moment very soon.

We are right at long term macro resistance, all HTF candles are outside the BBands, we got bearish divergences.

I think blow off top very soon.


/edit

My personal prediction is a ATH between 150-200k for this bull cycle and a longterm target between 500k (gold marketcap) and millions(BTC has more utility wrt to financial markets).

I don't think that can be called a blowoff top but I got your idea. What you don't see/understand though is that BTC is still undervalued and dirt cheap even at $13k... ATH is long overdue it's not a big deal and I don't think many hodlers are going to sell significant q-ties at ~$20-25k ...   Cool
legendary
Activity: 2464
Merit: 1145
I dont want to be a party pooper, but it is highly unlikely we see one green candle straight to 100k  Sad

There will be a crazy BTFD moment very soon.

We are right at long term macro resistance, all HTF candles are outside the BBands, we got bearish divergences.

I think blow off top very soon.


/edit

My personal prediction is a ATH between 150-200k for this bull cycle and a longterm target between 500k (gold marketcap) and millions(BTC has more utility wrt to financial markets).


/edit 2


Dont understand me wrong though, before the blow off top we can easily see something between 14-15k.

LTF and daily charts look extremely bullish and continuation is likely.

legendary
Activity: 2744
Merit: 13647
BTC + Crossfit, living life.
Hahahahahaha

You did have a really decent opportunity on September 2/3 to buy whatever the amount of those coins back at a considerable discounted price - and of course, various other times thereafter, too... so presumably (based on your posting here), you did not buy any of them back?   Cry Cry Cry Cry

No :-(

But I earned some bitcoins since then, plus some shitcoins and exchanged those to bitcoins at decent prices so I'm good. Bills had to be paid, coins had to be sold, better at 12xxx than 9xxx or whatever the dip was.

That’s true.... bills are a B**** ..... so if there is a must, then there is no way around selling  Undecided
legendary
Activity: 2744
Merit: 13647
BTC + Crossfit, living life.
Dumped some at $12387. Posting here so I can be laughed at later.

Is this where I go full nocoiner troll or should I wait until $20k?

Thought you already was a TROLL


It’s a joke, obviously, but serious don’t sell if trading is the intention..... will always burn yourself overtime
full member
Activity: 896
Merit: 236
Hahahahahaha

You did have a really decent opportunity on September 2/3 to buy whatever the amount of those coins back at a considerable discounted price - and of course, various other times thereafter, too... so presumably (based on your posting here), you did not buy any of them back?   Cry Cry Cry Cry

No :-(

But I earned some bitcoins since then, plus some shitcoins and exchanged those to bitcoins at decent prices so I'm good. Bills had to be paid, coins had to be sold, better at 12xxx than 9xxx or whatever the dip was.
This is really big problem for me as well bills had to be paid and coins had to be sold on any rate now I am feeling lost good opportunity but still can do some for good future.
copper member
Activity: 2898
Merit: 1465
Clueless!
I do not know where Proudhon went, but I feel certain he could confirm, scientifically, that we are about to see a very large "Inverse Bearish Spike Indicator".



我之前和他谈过,他从“消息来源”确认中国再次禁止比特币

google translate: I talked to him before and he confirmed from "sources" that China once again banned Bitcoin


On the other hand, walking around with a BTC/Crytpo 'Woody' at all times is becoming somewhat embarrassing! Smiley

come on, 2020, do something else weird, we need a repeat of 2017 and bring back home mining! Smiley

lol

Brad

edit: and people were telling me a month or so ago to sell at like $9,500 usd or some such and 'buy on the dip' ...Sad

legendary
Activity: 3654
Merit: 8909
https://bpip.org
Hahahahahaha

You did have a really decent opportunity on September 2/3 to buy whatever the amount of those coins back at a considerable discounted price - and of course, various other times thereafter, too... so presumably (based on your posting here), you did not buy any of them back?   Cry Cry Cry Cry

No :-(

But I earned some bitcoins since then, plus some shitcoins and exchanged those to bitcoins at decent prices so I'm good. Bills had to be paid, coins had to be sold, better at 12xxx than 9xxx or whatever the dip was.
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
I'm starting to get that 2017 feeling again. I can feel it coming.  Cool  
I was not here in 2017 but now I can feel its really great to have time like this again because things changing very quickly in positive way for us and many others. Grin Cheesy

Oh, you are in for a treat.
full member
Activity: 896
Merit: 236
I'm starting to get that 2017 feeling again. I can feel it coming.  Cool  
I was not here in 2017 but now I can feel its really great to have time like this again because things changing very quickly in positive way for us and many others. Grin Cheesy
legendary
Activity: 4242
Merit: 5039
You're never too old to think young.
I'm starting to get that 2017 feeling again. I can feel it coming.  Cool  

I'm getting more of that 2016 feeling... already increased splendidly over the course of the year so far, and the ATH getting closer and closer.

Next year should bring that 2017 feeling... the old ATH blown away, new ATHs most days, and off into uncharted territory.
legendary
Activity: 2478
Merit: 1220
Privacy Servers. Since 2009.
I'm starting to get that 2017 feeling again. I can feel it coming.  Cool  
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
Observing $13 650. AYH's and soon ATH's are raining. My mind is melting now. So far I was around 2x profit, now it's over 3x. I am just not used to be rich and happy. And to make the things worse, I got the news today that my salary will increase by at least 30%. Which means I will be able to spend effectively 50% more for buying bitcoins. Sheeeiiit. Grin



Exactly!!!!!!

These are the kinds of things that happen when guys (and gal) plan and follow through with such plan... the plan ends up running into opportunities to adjust upwardly ... which some would call luck, but it can also be referred to as the location where preparation meets opportunity.

 Congrats.... Wink Wink

$14000 in one hour Grin



There is no to little resistance left between $14k and $20k.

If Bitcoin breaks $14k this week ore this month it will blast straight to $20k like a boss.

ATH will be reached at the end of this year ore first month(s) of 2021.

i'd say (as i did before) Q1 2021 will break the ole ATH.
Once 20k is broken, FOMO might kick in  Cool

Quite reserved, OOM... what's up like dat?



Dumped some at $12387. Posting here so I can be laughed at later.

Is this where I go full nocoiner troll or should I wait until $20k?

Hahahahahaha

You did have a really decent opportunity on September 2/3 to buy whatever the amount of those coins back at a considerable discounted price - and of course, various other times thereafter, too... so presumably (based on your posting here), you did not buy any of them back?   Cry Cry Cry Cry
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
I do not know where Proudhon went, but I feel certain he could confirm, scientifically, that we are about to see a very large "Inverse Bearish Spike Indicator".



我之前和他谈过,他从“消息来源”确认中国再次禁止比特币

已确认. 鄂源
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
I do not know where Proudhon went, but I feel certain he could confirm, scientifically, that we are about to see a very large "Inverse Bearish Spike Indicator".



我之前和他谈过,他从“消息来源”确认中国再次禁止比特币


https://www.youtube.com/watch?v=i8L5Lk98Ky0
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
FAIR WARNING: BobCoins will likely be entering play near $16K USD/BTC.

I've decided for certain, I'm rescuing Rick from wage-slavery at that price, and giving myself a small bonus, after tax withholding. Expecting it within the next 30 days.

Not likely to take significant profit for myself until around $25K USD/BTC or so.



Fair enough.

That sounds quite reasonable, and surely you gotta do what you have planned to do (and what you have thought through).... especially if the plan is largely a reasonable approach, accounting for the totality of your situation, including accounting for various uncertainties with lil fiend.

Personally, we should appreciate that none of us have any kinds of meaningful knowledge about what what the BTC price is going to do, even though we have price models and probabilities within our working expectations, so there is that angle.

At the same time, I still speculate that your coins are hardly going to make any difference in regards to what BTC's prices are going to do - even if you were to sell 1,000 BTC at $16k-ish..... In any event, it seems quite likely that we are going to continue to get UPpity... but I am anticipating that there could be resistance in the $17,250 arena.. .and surely it seems prudent to make some kind of shaving, if you are going to do so, before $17,250.. .but who knows.. lil fiend frequently enjoys overshooting expectations.. so there is that angle, as well...

Surely, I do appreciate your two price points are seemingly outside of the deadman's zone.. so there is that angle, as well.   Wink  #nohomo
full member
Activity: 308
Merit: 146
I do not know where Proudhon went, but I feel certain he could confirm, scientifically, that we are about to see a very large "Inverse Bearish Spike Indicator".



我之前和他谈过,他从“消息来源”确认中国再次禁止比特币
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