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

[ChartBuddy]

Explanation

[TrustedBitcoiner]

Ok now is starting to look like bull flag on short-term time-frame, after failing ascending triangle break-out. Still expecting a fake-out to higher levels above $21.5K but this ain't no shorting range.

if that's not a good price point to short what is?
this has been one hell of a pop, I fully expect a strong pull back, maybe even retesting 15.5k.

When it breaks down from the bull flag. Not within it, unless you're scalping resistance to support that is, as it's a bullish continuation pattern until proven otherwise.

If we go back down to $15.5K, you can expect much lower than that though.

either way if it breaks up sell because the move is way over extended, or if it breaks down short cuz its going down.

[edited]

thanks this was helpful. but I personally will continuing to sell into this rally. I really don't think we will see a repeat of April 2019, the capitulation this time didn't push price That far under fair value. and for the record, i'm not shorting, just spot trading, so i cannot be liquidated.

Ok well that makes my point about shorting redundant then. If you're looking for a fair price to sell from the past 6+ months of trading at the lows then you certainly found it, can't argue with that. DCA would have got you an average price of around $19.5K, so hopefully you're selling a profit. And as the old saying goes, nobody ever went broke selling at a profit. I just hope you aren't banking on pricing falling lower after this, because right now it looks like a coin flip to me as well as others, until there is further confirmation to the upside or downside. Not sure what your "fair price" is, but right now realized price is sub $20K.

Personally I think Bitcoin is due a 10% correction to around $19K, which is bottom of the previous accumulation zone, that'd also be my short-term shorting target (as well as a target for longs). If price instead continued onto around $25K then I'd expect a deeper correction of around 20%, but therefore this'd be a higher price around $19.5K / 200 DMA. Likewise if for some crazy reason price went further parabolic to $30K, I'd expect a 30% correction to around $21K / current prices. The irony being that price continuing to the upside would deserve a deeper correction for sure, but these prices would still likely be higher.

ya I was buying the dip and sold at a profit, maybe i jumped the gun a little... I'm not banking on it going back down, but I would Like to have the opportunity to buy back it lower.

fair price is very subjective, its just a gut feeling about just how over valued or under valued btc is compared to my gut feeling, a self calculated indicator if you will.

I agree the higher this move takes us the deeper the correction. I just don't see that happening, I expect range trading around "fair value" with dips that could go as far as channeling 15.5K ( maybe not in the immediate short term maybe a couple months form now )

[OutOfMemory]

While doing a tiny bit of wallet maintenance today I discovered something strange

 I did a little digging and some searching and I found that disgraced user naim027 had a short stint running a lending service; the repayment address was: 18HfvLNNsZdMZeXmyKg59AfG7n4d1ibKRU (as posted here)
which on 9/14/2022 @ 12:24:14 transferred a small amount of bitcoin to this address: bc1qw0qsvzuxgmyqvc6mcaqw77v3sd9jt0lppcxkn6
which on 9/23/2022 @ 24:14:25 transferred most of that amount to this adress: bc1qy4ta9wtwufm3d56tqrys3wh50q7fmd7p0g0z6n
which on 9/23/2022 @ 24:28:50 dispersed ~0.00005 BTC to each of the following users at their publicly posted addresses -

 fillippone: bc1qd7rqlrw5h4q3g2x45xacd72zshcm2dht2ztclh
  Chartbuddy: 1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
    Gachapin: 1L1KknC9sGqr6CUuZzEME3V8YPSfLqLRoM
       Ivonm: 38s6Ku7BMThahWcSQQLwnM9K1U5GWF5Rkk
  JayJuanGee: 35EVP8EePt8dyvKHaB7bXaRmKLm22YgRCA
 OutOfMemory: bc1qhy8gjn9klgmtlx08a2cpruq9dkv0tvqhv5x5lk
     OgNasty: 168WXhArv7Fasqvi2xm5MQMfLhG18jifMe
     Richy_T: 1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
El duderino_: 19X5vZE8KGZ6YgtSkJmZEryDgX24tg6amR
   xhomerx10: 1RoMaNiAjSGeGsYJzPjsLUGogbDEsK4TZ

 I'm not sure what naim027 is up to nor would I trust any answer from him but I did not request his dust.  This dust can be used to track future transactions and potentially deanonymize you.  It's probably a good idea to freeze the UTXO associated with this tx to make sure it never gets spent.  Hopefully the rest of you either caught it already or have not yet transacted using that UTXO.

+10 WOsMerit  

You'll get PM in a minute.

Second: why do people on this forum now apparently only want to damage other fellow users? I though we were fam.

Some are like fam. When you throw a big party, you always have to consider crashers and shady characters to show up later.

[Crypt0S0ul]

He doesn't inspire much confidence (including the multiple alt accounts that were hidden and then revealed and even barely getting unbanned and some weird stuff like that) that's for sure.

Jay, do You know what is the most relaxing thing on earth?

The most relaxing thing is when you don't have to impress anyone.
Not friends, Not Family, Not society, and Girlfriend or Boyfriend.
Losing all hope is the ultimate freedom.

I don't care about what people say about me.
I know who I am and what I am. I may look bad in front of you guys. But, I know that no one loses anything because of me. If someone did, I will pay for it even if it takes my whole life.

The internet is too harsh. No one ever listened to me. No one.
No one tried to put my shoes on them. I don't blame anyone. That is the reality.

Whatever, Good luck WO Bros!

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[shahzadafzal]

Second: why do people on this forum now apparently only want to damage other fellow users? I though we were fam.

Some are like fam. When you throw a big party, you always have to consider crashers and shady characters to show up later.

That’s true but those shady characters should not ruin your party, you should have fun and ignore the bad eggs.

Losing all hope is the ultimate freedom.

Hey dude chill out… we don’t know you personally, you are just a random person on internet like many others, your image and your perception here on others is created by you.

Let me ignore everything about you for awhile “loosing all hope”?? Come on dude, looks like you are taking this to heart… it’s not like that.

This is a forum to discuss bitcoin, we are here to discuss bitcoin, not people. I’m 100% sure if you bring some valuable info, people will still listen to you.

Stop justifying what happened in the past, accept and move on.
 
Last thing, please select one, one of your alts and stick to it… stop jumping from one to another… select one and leave rest once and for all.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[philipma1957]

when 22222.22?

[ChartBuddy]

Explanation

[eXPHorizon]

[eXPHorizon]

Same pillow but two different prices?


Image from twitter


Image from imgflip.com

Like also that there is :   BTC but every site chooses its own to mark the price

[ChartBuddy]

Explanation

[eXPHorizon]

EVERYTHING IS TEMPORARY AND EVERYTHING WILL SLIDE BUUUUUTT LOVE, LOVE IS FOREVER. Love never dies

[eXPHorizon]

Lucci: "I refuse to accept luffy as a yonko"

Meanwhile Luffy who aint even trying:

[ChartBuddy]

Explanation

[TrustedBitcoiner]

pterodactyl pattern confirmed, it will soon fly away!

[JayJuanGee]

bs post of the day.  I like it.  thanks for the laughs 

It's only a matter of time before @Ucy takes credit again for influencing the price of Bitcoin with the help of the Creator

https://bitcointalk.org/index.php?topic=5404659.msg60487095#msg60487095

How can I have missed this account... really entertaining

I am not much of a subscriber of the power of mere positive thinking without other actions to effectuate the changes that you would like to see. 

I know a lot of folks emphasize these kinds of positive thinking matters, and I suppose it is all fine and dandy to have positive thinking so long as it is also coupled by various kinds of actions that go beyond merely thinking positively.

I do agree that it can be quite wearing to be around people who are NOT able to think positively, so there likely needs to be some balance - otherwise some of the think positively bullshit just starts to get annoying... at least that has been my perspective, and surely these are relative matters because I am sure that many of us are much more receptive to interact with anyone who seems to NOT be draining upon us.... so surely there is some power in terms of having good bedside manners and being genuinely nice and not complaining all of the time.

I expect range trading around "fair value" with dips that could go as far as channeling 15.5K ( maybe not in the immediate short term maybe a couple months form now )

No problem.

Reasonable people can differ in regards to what they consider to be fair value and what factors/indicators they take into account in order to attempt to measure what they believe to be fair value.

Just on a hunch, I might be willing to concede fair value might be somewhere around the 100-week moving average, yet of course we are more than 50% below that.. so maybe my secondary concession would be that fair value should at least be above the 200-week moving average, and we would need to get somewhere around a 15% MOAR price appreciation in order to get to that bottom threshold.

If we all agreed on fair value, then there would be less volatility, and likely fewer instances of feeling as if we are in a battle or a war..


... but what should we expect if we are likely in the midst of one of the largest (if not the largest?) peaceful transfer of wealth that the world has ever seen?

Surely each person is going to have different ways to attempt to assess BTC "fair value" including perhaps considering the extent to which they might end up being motivated to buy some bitcoin, and for sure there are quite a few folks (the overwhelming majority) who either do not have any at all and surely do not even come close to having enough, in the event that they do have some.   .. but that's fine.. they will come to bitcoin when the come to bitcoin.. even if it might take a bit of time for some folks to realize various ways to value bitcoin, which also will affect perceptions of "fair value."

[JayJuanGee]

He doesn't inspire much confidence (including the multiple alt accounts that were hidden and then revealed and even barely getting unbanned and some weird stuff like that) that's for sure.

Jay, do You know what is the most relaxing thing on earth?

The most relaxing thing is when you don't have to impress anyone.
Not friends, Not Family, Not society, and Girlfriend or Boyfriend.
Losing all hope is the ultimate freedom.

I don't care about what people say about me.
I know who I am and what I am. I may look bad in front of you guys. But, I know that no one loses anything because of me. If someone did, I will pay for it even if it takes my whole life.

The internet is too harsh. No one ever listened to me. No one.
No one tried to put my shoes on them. I don't blame anyone. That is the reality.

Whatever, Good luck WO Bros!

It sounds to me that you are feeling sorry for yourself.

That couldn't be very relaxing.

Another thing is that when I quote the above, I am suggesting that there is a difference between just being neutral to others, or giving the eebie jeebies.... I would feel better if I do not give people the eebie jeebies, but maybe that is just me. 

Also, I agree with part of your point about not having concerns about what others think, up to a degree. I usually try to bathe or shower myself on a regular basis, especially if I am going to be in close contact with others; however, if I am out in the woods or know that I will not be interacting with others, I feel that I can be more lackadaisical in regards to some of those hygiene matters up to a point.

when 22222.22?

Pretty high odds that it will come somewhere between one hour from now and 1 year from now, and we have to cross $22,222.22 before we will be able to get to $70k.

Just so you know, we have to get to a new ATH before we are able to reach $70k too. 

Bitcoin has never been to $70k.. never ever, ever...  even though there were some peeps (or at least one peep) who had been proclaiming it to have been certain to happen (like as if that price was imminent), and calling it to have had been "imminent" like right around 21 months ago..

and we still have not yet gotten there.  Who would-a-thunk?  Sometimes it is possible to get so close, but not quite get to the spot that we might speculate to be able to get, and that seems to be one of the tricky thingies about bitcoin in regards to likely better financial and/or mental health if we do not overly expect things, but just go with the flow.  You heard about that?  just going with the flow?      patience young grasshopper.