Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[ChartBuddy]

Explanation

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[aesma]

I started working in another office on Monday. At the coffee machine, 2 of them talking about shitcoins they're trading on their phones. I resisted the urge to jump in. First because I don't want to talk about shitcoins. Second because these people are my direct superiors and I deserve a raise, I don't want them to know my life doesn't depend on it !

Well in a way it does, at the raise would largely go into DCA buys of BTC...

[El duderino_]

Observing $51444.

Next stop $54444.

52800 looks like the number to watch. Breaking above that and 60k will fall shortly thereafter

A nice intermediate number is $55555.

The finex 24 hour high is $55555.

Stamp next.

More important, which timeframe is critical ??

asking for a friend

[Paashaas]

[Richy_T]

Has anyone had the Clouflare "always online" thing *ever* return a cached version of a page?

[HI-TEC99]

Observing $51444.

Next stop $54444.

52800 looks like the number to watch. Breaking above that and 60k will fall shortly thereafter

A nice intermediate number is $55555.

The finex 24 hour high is $55555.

Stamp next.

More important, which timeframe is critical ??

asking for a friend

The next hundred years are critical.

[El duderino_]

Observing $51444.

Next stop $54444.

52800 looks like the number to watch. Breaking above that and 60k will fall shortly thereafter

A nice intermediate number is $55555.

The finex 24 hour high is $55555.

Stamp next.

More important, which timeframe is critical ??

asking for a friend

The next hundred years are critical.

Me too

[ChartBuddy]

Explanation

[JayJuanGee]

Very strange position to be in. Locked and loaded, but not wanting to pull the trigger.

Similar position. Have some expenses need to be taken care of but trying to hold out as long as possible.

I don't want to be bragging (or would it be humble bragging?), but I will anyhow...

In essence, my BTC portfolio and my ongoing practices have caused me to employ ongoing shaving off of profits.. and maybe even a wee bit extra here and there as needed.. or even if I don't need it.. just in case.. especially whenever the BTC price goes up.. even if it goes up from a decently-sized dippening point, including the one that we had down to $28,600 - which surely was within a kind of 56% correction area)... sure I am trying NOT to sell at those low dippening prices because the main purpose during those times would be to be buying.. but gosh when the price started going up to $35k and beyond little shavings could continue to be taken off with hardly any shits given regarding whether I am getting the most bang for the buck blah blah blah.

Sure there can be some better feelings selling at $50k rather than $35k or selling at $65k versus $35k.. but in the end, the amounts being sold are not really that BIG in comparison to the total holdings.. and sure, if there were a multi-million dollar ranch in the works and I had to shave off a few million, then yeah maybe I would be wanting to shave at $150k rather than at $35k.. and does it go back to living within your means for the things that you are wanting to purchase.

I will admit that I have had a few relatively BIG ticket items, and maybe this is time for one of my disclosures regarding a business project that I agreed to get into in around March/April... Don't get me wrong, this was not some kind of a project that I was planning to do, but I was not opposed to it when I was approached with the proposal.. which would end up causing me to have to get some dollars out of my BTC... so at the time that I agreed to it, and started to work on the details, the BTC price was peaking and then coming off of the peak...so surely some inconveniences with that.. so I am not really sure how to measure what I did, but largely I ended up using the BTC price movements to move funds around.. and then having to shave off extra funds to get fiat as thew expenses came in.. so at this time, I can pretty much say that what I did was successful, because I did not really deplete too much from my BTC holdings, but I probably ended up taking a bit more out.. which largely ended up coming from my outstanding buy orders between about $9k and $24k... so surely if the BTC price ends up dropping into that $9k to $24k range, I am not going to end up having as much funds as I would have otherwise had.. .

I did a quickie back of the envelope calculation, and at today's BTC prices, it appears that I ended up shaving off around a bit less than 2.5% of my total value of BTC portfolio by drawing from the value of all of my BTC buy orders between about $9k and $24k.. and which is a kind of consideration of never having to replace those BTC buy orders.. hopefully ever again... and one of the good things does seem to be that both the 208-week moving average and the 104-week moving average seem to indicate that the odds of going below $16k or $24.5k are quite low, since that is where those two indicators, relatively speaking, are currently at.

I will admit that there was some tension drawing and transferring from those funds over the past 5-6 months, and I did not want to say anything while I was in the midst of such a process (would it be concerns of jinxing it? or just that it was not fair to say anything while I was in the midst of such a process that involved both my finances and psychology.. none of your fucking business.. up to me to disclose as I saw fit.. , right?.. hahahahaha).

I guess part of my point, besides revealing aspects of my withdrawal process over the past 5-6 months is to just say that for me there seems to be a quite a bit of a lot more flexibility this time around (this cycle) as compared to within the 2017 cycle, and even if my BTC portfolio had approached a level in which I could have really started to employ considerable withdrawals without really feeling any kind of material and significant deteriorations in my own networth or hits to my psychological well being, I do feel better this cycle to have that extra cushion and that extra level of not giving too many shits.. because of the existence of extra cushion.

Part of the reason that I had been suggesting that guys likely need to go through at least a couple of BTC cycles before they really start to go down the consumption path because if some of us might end up being bordering upon fuck you status or not quite at fuck you status and wanting to consume versus if we are well in the excess of our targets (whether our targets might be 0.21 BTC, 0.63 BTC, 1 BTC, 2 BTC, 10 BTC, 21 BTC, 40 BTC, 80 BTC or some other amount that causes us to feel as if we have reached our fuck you status), then we might not even feel very stressed in terms of consuming some extra here or there or shaving some profits off at $50k to $60k - even if it might be in the midst of noman's land and it might well be better and safer and more bang for the buck to shave off more in the supra $80k territory rather right in the midst of what is likely to be no man's land.

[JimboToronto]

Not actually the first post. The "Explanation" link was added after everyone got fed up with people asking what it was all about.  (Actually, may have been when people got concerned about ip harvesting from the external link I had before).

This is actually the first available. Slightly higher price but we were in that awful bear market.



There were earlier ones but they have expired from the server they were on.

I've got a collection of old CBs somewhere in my old HDDs.

Here are a couple I put on Imgur... the reaction to the Silk Road bust.



From over $130 down to under $110 and right back up in less than 2 hours... a good lesson on hodling several months before Gamehuobi coined the word "hodl".
_____

I kinda like the fact that there were no numbers at the top. They can distract people into thinking they have some kind of importance.

[marcus_of_augustus]

.... looks like someone/entity bought $1.6 billion on the spot market, totally destroyed the shorts artificial backwardation on the futures

... the game is truly afoot now, wheel out the dead shorts and let the bull run begin

[JayJuanGee]

Very strange position to be in. Locked and loaded, but not wanting to pull the trigger.

Similar position. Have some expenses need to be taken care of but trying to hold out as long as possible.

I would prefer homelessness over selling, but ok.

Wow.. that seems a wee bit over-invested..

But, hey who am I to say the balances that guys might end up making in these somewhat trying times.

Haha indeed ….. have seen those kinda person in person and they didn’t make it BTC-wise

We are still early.. so even if they did not make it so far, they still might be able to get in, relatively early in the next cycle or the one thereafter..

Yeah, we know that the longer that they wait, the more difficult it is going to be for them to benefit from the "being early" aspect.

New ATH in October, ladies. You heard it here first. 

Heard it from our resident TA expert HairyMaclairy for months tbf.

Who's that?

hahahaha

[JimboToronto]

[cygan]

the best technical analysis i have seen so far ... and the best thing about it is, it's right! 🚀💎🖐


https://twitter.com/BTC_Archive/status/1445803672370237444

[OutOfMemory]

Low IQ would accompany this sell attempt

This dip for ants?
Ants are only causing trouble when appearing in masses 

Yesterday i was thinking about opening a leveraged long position until december, but i would have to pay taxes for closing it within 12 months 

Wait, so you wanna take an opportunity/bet and when gaining/winning money you don't have, you would be angry paying taxes

So you prefer not having any at all??      

Me not a trader or any..... But i mean you believe in gaining and don't wanna gain bc you have to pay some off?

Oh, i'm not greedy at all.
This needs more explanation: I would have to pay taxes for the closing, before EOY and additionally income taxes until Q2 the following year. My goal would be to gain more BTC, but at the current state of law, the gain would have to be calculated in fiat equivalent, so i would have to sell a part of my BTC gains right after closing the long. If i sold the tax part later, when we're maybe in a bear market again, the gains (in terms of BTC) would be a lot smaller. Hereabouts the law says a trade is taxable if the holding time is below a year. Now, if i sell BTC in advance for paying taxes, this amount will also be income-taxed, which i think can safely be called double-taxation.
Make a mistake and they charge you a fine, too.
It would have been a good idea to 10x at least, but on a 10% dip i'd be pretty fucked. The main goal is to preserve and grow the stash, so at my level of risk-adversity it looks like a no-go. I would probably have gone x2 or x3.

[JayJuanGee]

Today is a good day: even if i think was scammed for the FIRST time in crypto world (well, second, but the other was a complete different story) and my stocks are plumbing, I am currently drinking expensive wine and I am richer and richer than before. Fells good being on the bitcoin train  

You should know better...

Don't be fucking around with shitcoins!!!!!

You think that the word crypto has any meaning here?  Except something to be denigrated, and you want to tell us how you scammed ur lil selfie by getting involved in that crap?

Observing $51444.

Next stop $54444.

52800 looks like the number to watch. Breaking above that and 60k will fall shortly thereafter

A nice intermediate number is $55555.

The finex 24 hour high is $55555.

Stamp next.

Yep.. I remember your round number being hit when I looked at my phone app.. soon after it had been hit... hahahahaha.. listed $55,555 as the daily high..   Not a bad number, for sure.

Low IQ would accompany this sell attempt

This dip for ants?
Ants are only causing trouble when appearing in masses 

Yesterday i was thinking about opening a leveraged long position until december, but i would have to pay taxes for closing it within 12 months 

Wait, so you wanna take an opportunity/bet and when gaining/winning money you don't have, you would be angry paying taxes

So you prefer not having any at all??      

Me not a trader or any..... But i mean you believe in gaining and don't wanna gain bc you have to pay some off?

Oh, i'm not greedy at all.
This needs more explanation: I would have to pay taxes for the closing, before EOY and additionally income taxes until Q2 the following year. My goal would be to gain more BTC, but at the current state of law, the gain would have to be calculated in fiat equivalent, so i would have to sell a part of my BTC gains right after closing the long. If i sold the tax part later, when we're maybe in a bear market again, the gains (in terms of BTC) would be a lot smaller. Hereabouts the law says a trade is taxable if the holding time is below a year. Now, if i sell BTC in advance for paying taxes, this amount will also be income-taxed, which i think can safely be called double-taxation.
Make a mistake and they charge you a fine, too.
It would have been a good idea to 10x at least, but on a 10% dip i'd be pretty fucked. The main goal is to preserve and grow the stash, so at my level of risk-adversity it looks like a no-go. I would probably have gone x2 or x3.

Neither leverage nor short term plays are good moves, unless you have sufficient capital to cover if the market goes against you.

I am all for making money.. but nothing is guaranteed, including in bitcoinlandia... so you have to account for that, too.  The ONLY way that it is guaranteed if you have already bought.. like 4 years ago, or more.. then just sit back and enjoy the upsie funzies that we have been having and likely to continue to have.. stress free.. more or less, except to the extent that sometimes it can be a wee bit stressful to see how much monies u be making and how much MOAR richies you be becoming without even trying (and sometimes maybe even feeling some level of imposture syndrome.. perhaps? perhaps?).

[bitcoinPsycho]

On the 4th December 2018 Bob sent me 0.00077868 BTC
to buy a drink . It's now worth £32  THANK YOU BOB

[HI-TEC99]

the best technical analysis i have seen so far ... and the best thing about it is, it's right! 🚀💎🖐


https://twitter.com/BTC_Archive/status/1445803672370237444

Technical analysis is bullshit. You should rely on trading software instead.

[Wekkel]

The best trading software is in your head:

Is this going to be bigger or smaller in 10 yrs time? Bigger of course => HODL.

[ChartBuddy]

Explanation