Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7766. (Read 26710925 times)

https://datamish.com/

https://imgur.com/KXxi7tK

For you maybe yes, HODLers just keeping the HODL modus

Is 7950 a good time to sell? And buy a rebound at about $7880?

It’s time to take out my laptop a bit more and bring some spam/eeeuhm color in this thread again 

Real life resto would also help that problem 

Good morning WO.
Observing 7923$ and feeling good. Waiting for 8000 and beyond

For damn sure, almost 8K

And indeed a 5-dig break out pre halving would be ultimate sweet

re: moon


$7.9k pierced and climbing...bring forth the trebuchet to begin reducing $8k fortifications. That is all.


1h

#stronkhands

7900 here we come! at 7892

moon I tell ya'

This isn't a quarantine.
One quarantines only sick people.
If the isolated is the entirety of the healthy population, then
it's population confinement

We finally broke 7,800

$7,874

Next target 8,000 🚀

Good morning, colleagues in quarantine.

re: btc update


Bull forces have exploited a weakness along the right salient to breach resistance at $7.8k

Using mind tricks to draw the enemy close, Bulls deployed the fearsome Darth Maul candle to the dismay of shorters everywhere. Its yet to be seen if bullish offense can exploit the gap in the Bear defensive line to continue the assault to the next objective...$8k   

Stay tuned as we follow this developing story. #dyor





1h

#stronghands

we goin' to the moon boys

Sure, of course, but if some normie wants to call themselves a millionaire or billionaire based on having either .01BTC or 10BTC respectively, then it may be within the reach of a lot of normies to accomplish that... .. and maybe more difficult to achieve such status, especially the billionaire one in 5 to 10 years... at least not for normies.

Of course, I am no pie in the sky fucktwat to believe that we only measure matters in satoshis, but having goals to accumulate satoshis remain real and achievable and also likely to increase your dollar wealth too, especially if you have at least a 5 to 10 year timeline and you are in an ongoing process of accumulating them currently... rather than waiting until later when BTC prices (and even the price of satoshis) are likely to get a lot higher, especially in terms of how many dollars they are likely to cost down the road... based on pretty solid fundamentals and decent price prediction models, too.

CUT! Take 1,494......

action

Re btc, I intensely dislike the low volume smooth ascending triangle in every measure, but price.

Not going to predict btc price here, but increasing correlation of btc with the stock market is a nagging concern of mine.
Many (like JJG) think that it is very temporary and fleeting.
Maybe, but if institutional traders are the one's that drive current appreciation, than this correlation has some fundamentals.

Some stock market bears like Albert Edwards were poo-pooed for a couple of decades, but in one aspect he was right, we DID plunge into an "Ice age" condition in bonds first (with negative yields), then commodities (oil, copper, corn, sugar) just recently. The last "men" standing are equities, but he predicts that we eventually bottom up at below 2009 levels in SP500 (that is below 667)-crazy, I know, but what if he is right?. Every other long term trend this guy predicted panned out (in eventuality). After the ultimate bottom in equities, he predicts a furious equity rally together with higher inflation-thawing of the "ice age" and the start of the new "Spring". BTW, Raoul Pal posts something similar, but Edwards was at it since at least 2000 (he modeled it after the Japanese fiasco that started in 1989).

Now, the potential of an "ice age" in equities together with a stronger correlation between btc and equities is the main factor that bothers me the most.
Alternatively, could it be that strongly (and maybe even intensely) rallying bitcoin would be THE factor that brings the whole world out of the "ice age"/deflation/low activity?
Maybe, and that's the hope.

the evening wall report


Bulls press the attack on $8k in long running uphill fight. Casualties mount at $7.8kish as the Bears counter attack with heavy resistance. Surely this furious assault can not continue much longer without one side or the other losing significant ground to the other camp. Stay tuned and maintain battle readiness. That is all.
1h



Support zone at $6.87k with interesting symmetry as a new tax year begins in the US
1h



Medium fibs from previous high shows distribution and accumulation and a possible key support/resistance zone around $9.5k

Still looking for support and perhaps a step up the ladder at the -0382 fib as the cloud flares dramatically towards the middle end of May    #dyor 
D

#stronghands

Germany opened up and it seems that almost immediately R0 went from 0.7 to 1.0
I agree with the supposition that we don't have a full picture yet. One thing is for sure-we can design medicines (drugs+vaccines) against it. How long they would remain efficacious -that's another story. However, I believe that with a multibillion $ effort one of several dozens (if not more) approaches would work, at least initially.

Unfair. What I'm saying is that the risk of hundreds of millions of people starving to death outweighs the risk from this plague.

The economy is fundamentally about food and water, and then everything else after that. And it's locked down. We can't continue much longer like this.