Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I think the chance is likely we see it fail late in this "cycle", which is really fairly soon...
Salty cow.
Salty cows everywhere.
@JJG - Note that @cAPSLOCK talks about S2F likely failing late in this cycle, but he doesn't specify if it will fail on the downity or the uppity.
Some peep was not pee-pared to this plot twist? Perhaps? Perhaps?
I was not associating cAPSLOCK with salt, cows and/or perhaps being old for his assertion of failure of the S2F model based on price direction, but instead based on his seeming ongoing inclinations towards rolling his own BTC price prediction models - including but not limited to prematurely calling the death of a model before it has even come close to dying.
$63k in one two hours
Hope chart buddy accepts your proposal but here we are seeing pump for ants 
Yes the volume is virtually non existent
One of the most interesting parts of this "cycle" in my opinion. It is not retail. The retail markets are nothing more than an unreliable oracle so far. And the majority of acquisition is happening in dark pools.
If retail DOES start to buy this cycle they are going to soak up the available float so fast it will make peoples eyeballs pop out.
Watch.
(If it does not happen this time, which is hard to even accept as possible without some giant global macro black swan... it WILL happen in the next cycle.)
Nice...just one note...retail is NEVER going to buy a 65.5
They will buy ETF at a fraction of the price, though, or things like GBTC at 50 or even 150 when it gets there.
It's a bit ironic hearing such unit-bias nonsense from uie-poo-ie Biodom.
Accordingly, if retail does not feel inclined to buy lillie fiend at $65k/$66k-ish on the way up, they may well be feeling more inclined to buy our lillie fiend after it does its 60% to 85% corrections back down to sub-$100k.. perhaps? if it ends up correcting that low?
We will see, but it surely seems like a lot of nonsense pigeonholing normie folks into unit bias - because if it makes some normies to feel moar better, then they might be inclined to buy several thousand satoshis once a week or whatever other dollar cost averaging formula they figure out at some later date when they realize that BTC is more inclined towards long term UP rather than the long term direction of their dollar or other fiat that they might be trying to figure out how to invest into something that is going to bring them long term value and even some sense of security in our uncertain prices going up (dollar does not hold its value sufficiently) world.
And, by the way, a lot of normies (including retail normies) might not even have access to various other investment vehicles such as GBTC (maybe presumes that they have a 401k) anyhow.
$61K held as support, $64K was broken, therefore $65K now being re-tested. Price closed at the highest ever Weekly close of $63.3K while as of today is on the second ever highest Daily close.
Looks like this week is set for a new ATH if the day ends as well as it started. Within an hour of the Weekly ATH close, price has increased by 3+% / $2K, this says a lot about the bullish momentum.
Looks like this week is set for a new ATH if the day ends as well as it started. Within an hour of the Weekly ATH close, price has increased by 3+% / $2K, this says a lot about the bullish momentum.
Price remains bullish while holding the $61K local volume point of control. Bouncing off this support will likely bring about a re-test of $65,000 and a clear path towards higher highs.
Interesting.
I think that daylight savings kind of threw me off, and I was out and about when the BTC price started to rise at the end of last week's candle, so I had not realized that the UPwards price move had started right before the close of the candle (even though sometimes I have been found to be paying attention to the close of the weekly candles, whether green or red - and how many greens that we may have had in a row, for example).. so good thing that you pointed out that there was a kind of last-minute sprint to finish off last week's candle with an all-time-high closening.
.. no complaints here.