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May 26, 2022, 01:40:08 AM *
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Question: Price prediction for the May 21 weekly close:
<$20,000 - 7 (8%)
$20,000 - $22,000 - 0 (0%)
$22,000 - $24,000 - 2 (2.3%)
$24,000 - $26,000 - 3 (3.4%)
$26,000 - $28,000 - 7 (8%)
$28,000 - $30,000 - 12 (13.8%)
$30,000 - $32,000 - 20 (23%)
$32,000 - $34,000 - 8 (9.2%)
$34,000 - $36,000 - 6 (6.9%)
$36,000 - $38,000 - 3 (3.4%)
$38,000 - $40,000 - 2 (2.3%)
>$40,000 - 17 (19.5%)
Total Voters: 87

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25638727 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (168 posts by 4 users with 9 merit deleted.)
Phil_S
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January 22, 2022, 07:31:11 AM
Merited by jojo69 (1)

In my bitter experience I can say that one big crash is immediately followed by another so I expect support at 28/31к.

The real support is the number of pages in WO.

Confirmed it last summer when we dipped to 28600.

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aysg76
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January 22, 2022, 07:34:11 AM

While we talk about the dips this guy is utilising the funds to fund every dip to have more funds in the end.



Another one for really some discounted prices that might not get anytime soon once we take off to the moon journey.

So stack sats and buy the dips :


JayJuanGee
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January 22, 2022, 07:59:58 AM

...

JJG #603621

I started my real sales (joining Gemini to do so) in Jan 2021, I sold in small pieces from ~$40,000 down to some $30,000, up to that local peak of ~$64,000, down to $40,000, some up near the ATH of ~$66,000 and small amounts afterwards.  Average: some $42,000 and change (so not the best timing, it's all on my spreadsheet for the IRS).  Long term gains.  Smiley

In retrospect, it looks like I sold a bit too much, so I decided this year that if/when the price went below my 2021 average sale amount, that I would buy a smidge.  I'd like to get my BTC balance a little bit higher, so if we go down, I will buy poco-a-poco until I feel like I'm done.

This is actually pretty similar to what I did back in 2017 and 2018, I sold bits off (actually I traded BTC for gold, the only way to easily capture my gains at that time for me) as BTC was running up hard, and a bit on the downslope after the 2017 peak.  I did buy later, in 2018 and subsequent years, as the price went down in the Crypto Winter.  THIS time I may have jumped the gun re buying (too soon?), but so what.

As I have written before, BTC has been extremely good to my family.  I will have a nice Cap Gain tax for our buds there at .gov.

So, it's all good.  My "DCA methodology" is not really that, but fairly similar, similar enough.  I have no idea how long it will/may take for me to start selling again, check with me once we reach, say $80,000...  If it works out like 2017/2018 and 2021, then great.  If it doesn't, my gains are still far more than I invested.  And much of those gains are already locked up for our two very young grandsons.


Edited for clarity

Edit 2.  Yes, by happy chance I recently did get a monetary gift, that made my buying decision a little easier.

Fair enough...some of the long-term capital gains could make our current prices break even prices (that is if you are able to get the best capital gains of merely 15%), so yeah, selling at $42k and buying back at $35.7k is almost completely taxes.. Of course you had a basis in there too that was higher than $0.... ... Anyhow, yeah, your profits are likely not the greatest if we presume selling $42k and then rebuying at around $35.7k or perhaps lower... even though sure, the initial sale had decent profits, and at the same time, I will surely take your representations that you feel that you are profiting quite stupendously from a lot of your earlier decisions related to your chosen levels of bitcoin exposure... 
ChartBuddy
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January 22, 2022, 08:01:23 AM


Explanation
cygan
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January 22, 2022, 08:31:20 AM

team hodl! Cool



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January 22, 2022, 09:01:32 AM


Explanation
NotATether
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January 22, 2022, 09:57:25 AM
Merited by JayJuanGee (1)

Expect price reversal from $31k.


Weekly RSI it is not yet at 2020 Covid crash level, it is possible.

This dip is part of a wider collapse in the stock market as a result of cold feet after people started thinking the Fed Reserve is going to raise interest rates this year to curb the rampaging (LOL) inflation.

I hear that things became 7% more expensive last year than they were in 2020.
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January 22, 2022, 10:01:23 AM


Explanation
UnDerDoG81
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January 22, 2022, 10:03:46 AM

RIP 35k  Smiley This slowly bleeding is what is painful. I wish there was a hard dump down to 29.5k and then some kind of relief.
bitcoinPsycho
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$120000 by 2023 confirmed 🍄💊


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January 22, 2022, 10:04:01 AM

Someone pass me a parachute
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January 22, 2022, 10:07:17 AM

We are all going to DIE!!!
Well not now - mentally already dead- physically soonish  Shocked
OgNasty
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January 22, 2022, 10:14:27 AM
Merited by JayJuanGee (1)

We are all going to DIE!!!
Well not now - mentally already dead- physically soonish  Shocked

I sure hope this marks the bottom! Things are getting a little wild in the short term. When people start screaming we’re all going to die that has got to be a buy signal. Lol

Apparently $34K is the we’re all going to die level. I hope it holds. Smiley

Don’t fret too much. It’s just numbers on a screen after all.
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January 22, 2022, 10:17:25 AM
Merited by JayJuanGee (1), Copetech (1)

Bottoms up? Old 12 month+ volume point of control to the rescue imo. It's nice to be able to feel bullish again now that $40K has been wiped out  Smiley



Not convinced we're gonna spend multiple months below $40K as we've already done this before. Plus if we do, more likely $30K will break imo.
More than anything, just glad we got out the $40K to $46K no mans land. That was a complete waste of everyone's time  Tongue



Also, maybe it's just me, but on smaller time-frames can see some obvious laddering of positions happening here; $38.5K, $36K and $34K.
The sort of quiet accumulation of averaging into the buyz one... bears about to get rekt... 50% discount short lived for now.
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January 22, 2022, 10:24:49 AM

We are all going to DIE!!!
Well not now - mentally already dead- physically soonish  Shocked

I sure hope this marks the bottom! Things are getting a little wild in the short term. When people start screaming we’re all going to die that has got to be a buy signal. Lol

Apparently $34K is the we’re all going to die level. I hope it holds. Smiley

Don’t fret too much. It’s just numbers on a screen after all.

Just playing a bit ;-)
But seriously, this a a nasty drop, brutal...!! No decent bounce in nearly 3 months and no sign of bounce to be seen - yet?-

Let's see how this evolves... but I guess all bullishness is now evaporated
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January 22, 2022, 10:29:32 AM

This dip is part of a wider collapse in the stock market as a result of cold feet after people started thinking the Fed Reserve is going to raise interest rates this year to curb the rampaging (LOL) inflation.
What worries interests (pun intended) me much more is that this is only the beginning. Imagine what happens to the stock market if the interest goes back to normal values!

Quote
I hear that things became 7% more expensive last year than they were in 2020.
Now how's this looking if you measure in Bitcoin? I count almost 50% inflation in 2 months, didn't people get the memo fiat is at risk of inflation, not Bitcoin?
Phil_S
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January 22, 2022, 10:33:59 AM

New bottom is 34000

FFS

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January 22, 2022, 10:34:38 AM
Merited by JayJuanGee (1), bitebits (1), somac. (1)

This dip is part of a wider collapse in the stock market as a result of cold feet after people started thinking the Fed Reserve is going to raise interest rates this year to curb the rampaging (LOL) inflation.
What worries interests (pun intended) me much more is that this is only the beginning. Imagine what happens to the stock market if the interest goes back to normal values!

Quote
I hear that things became 7% more expensive last year than they were in 2020.
Now how's this looking if you measure in Bitcoin? I count almost 50% inflation in 2 months, didn't people get the memo fiat is at risk of inflation, not Bitcoin?

This is the best tweet  I saw in a while, and beautifully explain the correlation between FIAT and bitcoin:




Incidentally, this is the reason I invested in bitcoin a while ago.
bitebits
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January 22, 2022, 10:42:48 AM

All that is missing is a little sprinkle of EmptyGox news, now really soon perhaps maybe returning corn to their legitimate owners. Soon I guess.
somac.
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January 22, 2022, 10:46:34 AM

A small pathetic bounce, GTFO. I didn't think we did that anymore.

somac.
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January 22, 2022, 10:47:35 AM

This dip is part of a wider collapse in the stock market as a result of cold feet after people started thinking the Fed Reserve is going to raise interest rates this year to curb the rampaging (LOL) inflation.
What worries interests (pun intended) me much more is that this is only the beginning. Imagine what happens to the stock market if the interest goes back to normal values!

Quote
I hear that things became 7% more expensive last year than they were in 2020.
Now how's this looking if you measure in Bitcoin? I count almost 50% inflation in 2 months, didn't people get the memo fiat is at risk of inflation, not Bitcoin?

This is the best tweet  I saw in a while, and beautifully explain the correlation between FIAT and bitcoin:




Incidentally, this is the reason I invested in bitcoin a while ago.

And it's the reason why I'm never selling.
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