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

[AlcoHoDL]

I used to hate ChartBuddy. Now it's my main source of price movement at work (not allowed to visit chart sites for...reasons).

And it's a great WO ping signal.

Go ChartBuddy!

[ChartBuddy]

Explanation

[shahzadafzal]

Life Hack:

Why no one told me this before?

[ChartBuddy]

Explanation

[philipma1957]

chartbuddy posting 5 in a row is pretty scary on its own

but quoting chartbuddys 5 posts in a row...  im not sure what physical laws may you may of broken

likely a new timeline on its way, who knows what evils lurk now..

Its weirder than that. He actually screenshotted the 5 posts, maybe even individually, and aligned them in a single image.

I think we need to allow chart buddy to fill the page. All chart buddy 20 posts in a row and then make the same post he did with 20 lined up not 5.

Have you make it into an nft. Only 1 of and then when btc rocket takes off claim that nft was the turning point for the largest rally and transfer of wealth in the history of the world.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[LFC_Bitcoin]

@bitcoin_clown
Last cycle #bitcoin  went from 3k to 67k or a 2133% increase

If #bitcoin  repeats this again than 2133% of 15.5K is $330615.00

Are you gonna watch in awe and hate yourself for not jumping in or will you be onboard the rocket?? 🤷🤦🧡
https://twitter.com/bitcoin_clown/status/1616066856359526403


@Ashcryptoreal
When #Bitcoin  hits $100k

it’s won’t matter if you bought BTC
at $12k , $14k , $16k , $18k

This is why dollar cost average is the
best strategy when an assets like Btc
is down -75% from the highs
https://twitter.com/ashcryptoreal/status/1615951589088563205


@BJusty1
Y'all are gonna get so many GFs at $100k
#Bitcoin 
https://twitter.com/bjusty1/status/1615945183538909184

[OgNasty]

Well, the stock market is tanking, altcoins are tanking, but Bitcoin seems to still be holding up relatively well.  This is either a great sign that we're still in accumulation mode and are about to see another leg up, or a bull trap with a Bart Simpson pattern in the making.  Given how bad everything else is performing, I tend to think that we're seeing accumulation in Bitcoin as people still believe this is the bottom of the 4 year cycle and they need to get in while they still can.  I'd been expecting a retrace, but it seems like so far it's barely fallen.  It wouldn't surprise me if the next month or two saw Bitcoin rally again to $25,000. 

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[dragonvslinux]

Well, the stock market is tanking, altcoins are tanking, but Bitcoin seems to still be holding up relatively well.  This is either a great sign that we're still in accumulation mode and are about to see another leg up, or a bull trap with a Bart Simpson pattern in the making.  Given how bad everything else is performing, I tend to think that we're seeing accumulation in Bitcoin as people still believe this is the bottom of the 4 year cycle and they need to get in while they still can.  I'd been expecting a retrace, but it seems like so far it's barely fallen.  It wouldn't surprise me if the next month or two saw Bitcoin rally again to $25,000.  

Didn't we already have a bart pattern to the upside from $16K to $21K? It seems unlikely to occur again anytime soon. Anyhow, looking at the previous dead cat bounces since the June capitulation, price generally reversed after continuous red days (August & November), or otherwise with a big one day -10% sell off like in September. So far price remains range bound between $20.5K and $21.5K, which is good enough for me for now as it bucks the immediate trend reversal back to the downside. I think a target for a correction is somewhere between $19K and $19.5K, but it depends how we get there. If we crash hard to those levels they likely won't hold as support (200 DMA and volume support), but have we have an "orderly" correction over the coming weeks then it could well hold as a base of support, as was previous accumulation zone.

For me it's less to do with whether current local support of $20.5K holds, or whether we break to the upside of $21.5K, as I see both as unlikely for now given how oversold price remains on Daily time-frame, but more so about how we correct to the downside if we are to do so. Will buyers be slowing down the price as accumulation returns, or will sellers dominate and push prices back to the lows with relative ease?

[ChartBuddy]

Explanation

[philipma1957]

back over 21k and a reverse bart

[ChartBuddy]

Explanation

[dragonvslinux]

back over 21k and a reverse bart

Precisely. No bart battern back down to $16K or anything like that quite yet. Only time will tell...

This is either a great sign that we're still in accumulation mode and are about to see another leg up, or a bull trap with a Bart Simpson pattern in the making.

[TrustedBitcoiner]

i though for sure it would dip lower when it broke that wedge, we even had some good fud to go along with that brake and nothing.

bull market really back on? 30K incoming?

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[philipma1957]

back over 21k and a reverse bart

Precisely. No bart battern back down to $16K or anything like that quite yet. Only time will tell...

This is either a great sign that we're still in accumulation mode and are about to see another leg up, or a bull trap with a Bart Simpson pattern in the making.

I like reverse bart moves.

I am hoping for reverse bart into a power flag