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Question: Is the "bear market" over?
Yes - 43 (40.2%)
No - we need to sweep the low again - 24 (22.4%)
No - we need to set a new low first - 25 (23.4%)
No - other (explain below) - 15 (14%)
Total Voters: 107

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 27066365 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. (174 posts by 1 users with 9 merit deleted.)
JayJuanGee
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January 30, 2023, 06:47:11 PM

NGL. This unexpected price drop is a poignant parallel to the physical sensations I am currently experiencing due to a medical withdrawal process.

Fun times.

-9/10

What price drop?


How would that be relevant?

Give me some KING DADDY!!!!!!!!!    Angry Angry Angry Angry >
dragonvslinux
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January 30, 2023, 06:50:40 PM

Price looks ready to bounce from 4hr 50 MA & VRVP point of control within bull flag structure. Either that or re-test $21.5K. Trap Monday -2.6% leading into Turnaround Tuesday comes to mind.

Still bearish divergence on 4hr to break after recent rejection but Daily RSI nearly back to reality at 72.5 for more room to the upside after minor breakdown. Bouncing from 70 looks likely imo.

Starting to eye up $23.3K highest Monthly close from July now we're nearing the end of the month. Closing above this would be bullish engulfing candle 🔥

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January 30, 2023, 06:53:55 PM
Merited by BobLawblaw (10), vapourminer (1)

I had some experiences like this in the past, when i was mis/underdiagnosed.
I'd try to get some natural help, for example 5HTP and L-Tyrosin, maybe some Ashwagandha extract too (If you don't get a sore throat from the latter, like a few other people).
Even if it makes you feel only -5/10 it's worth it.

I was giving Rick a long-winded brain-dump approximating the physical sensations, and came up with the following paraphrase.

"It's like all my neurons and synapse pairs are playing a unique high-speed game of Tetris, with only 6 lines of movement room to work with. Every time I want to make a move, every synapse pair has to pause, write out to disk the entire state of the game, and load it back up to the next nearest synapse pair. Unpause the game, and repeat for the next move across every synapse pair in your stupid gray matter.

Also, I'm not sure how this sensation is even possible to contemplate, but my stomach seems to have found a way to turn itself inside out.

Oh, did I mention these axe-splitting headaches?

Furthermore, why is the ground underneath my feet so wobbly? WTF is going on, dude?"


Bleh. It sucks, but I gotta get through this.

Self-improvement by removing an entire combo class of pharmaceuticals out of my system after a couple decades of directed use.

Time to get entirely clean for ranch life.

Have been absolutely alcohol sober for quite some time now, and finding I'm really enjoying life a lot more.

About 12 years ago I had to go through a very long and harrowing medical treatment, that involved regular self-injections and daily pills. I saw myself transforming mentally, to the point of nearly causing physical harm to myself and those around me, even those I dearly loved. I was advised by my doctor that this would happen, but one can't really be prepared for actually experiencing it. I could smell the distinct smell of the drugs on washed clothes, even several months after completing the treatment. The treatment was successful and I'm alive to tell the tale. Nothing to do with cancer.

Excluding painkillers for the occasional headache, I haven't taken a pill since then, and I intend to keep it that way. Problem is, as we're getting older we will all eventually have to start taking regular medications. Not against it, but trying to avoid it as long as I can, by keeping fit, eating well (not easy these days), and taking things easy. Bitcoin has helped a lot in that regard, I must say.

Wishing you all the best and I hope you keep your system clean of pharmaceuticals and alcohol. Esp. the latter is not worth the damage it can do to you, IMHO.
Gachapin
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January 30, 2023, 06:56:37 PM


How would that be relevant?

Give me some KING DADDY!!!!!!!!!    Angry Angry Angry Angry >

I know I know wrong source half chart not BTC... batslap me JJG

however, about half of the total markt cap is king daddy...  so if this were to play out we'd be at 500k$BTC in within 1.5 years  Cheesy
ChartBuddy
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January 30, 2023, 07:01:18 PM


Explanation
ivomm
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All good things to those who wait


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January 30, 2023, 07:19:01 PM

Next stop $25000




Sorry, I couldn't resist Smiley

bitcoinPsycho
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$220000 in one hour confirmed


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January 30, 2023, 07:33:16 PM

Dam
LFC_Bitcoin
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January 30, 2023, 07:56:29 PM
Merited by fillippone (3), Paashaas (1)

I agree with most of these -


@bitcoin_clown
#Bitcoin  2024 bull cycle ATH: 150k to 350k

#Bitcoin  2028 bull cycle ATH: 350k to 750k

#Bitcoin  2032 bull cycle ATH: 750K to 1.5M

*If black swan event, add $200k to 2024, 500K to 2028 and another 1M to 2032

Sorry for being bearish but I'm just being realistic here.

Let's Go🚀
https://twitter.com/bitcoin_clown/status/1620103839327342594
AverageGlabella
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January 30, 2023, 07:57:48 PM

What price drop?
This is the attitude that I and everyone else reading this needs to have Cheesy Cheesy Cheesy
Phil_S
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We choose to go to the moon


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January 30, 2023, 08:00:30 PM

WEF psychos are at it again:
https://twitter.com/loffredojeremy/status/1619786795943710721
ChartBuddy
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January 30, 2023, 08:01:18 PM


Explanation
ChartBuddy
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January 30, 2023, 09:01:21 PM


Explanation
AverageGlabella
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January 30, 2023, 09:15:10 PM

They forgot their medication.
Toxic2040
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January 30, 2023, 09:17:01 PM

NGL. This unexpected price drop is a poignant parallel to the physical sensations I am currently experiencing due to a medical withdrawal process.

Fun times.

-9/10

I had some experiences like this in the past, when i was mis/underdiagnosed.
I'd try to get some natural help, for example 5HTP and L-Tyrosin, maybe some Ashwagandha extract too (If you don't get a sore throat from the latter, like a few other people).
Even if it makes you feel only -5/10 it's worth it.

+1 WOsMerit



----------


I had some experiences like this in the past, when i was mis/underdiagnosed.
I'd try to get some natural help, for example 5HTP and L-Tyrosin, maybe some Ashwagandha extract too (If you don't get a sore throat from the latter, like a few other people).
Even if it makes you feel only -5/10 it's worth it.

I was giving Rick a long-winded brain-dump approximating the physical sensations, and came up with the following paraphrase.

"It's like all my neurons and synapse pairs are playing a unique high-speed game of Tetris, with only 6 lines of movement room to work with. Every time I want to make a move, every synapse pair has to pause, write out to disk the entire state of the game, and load it back up to the next nearest synapse pair. Unpause the game, and repeat for the next move across every synapse pair in your stupid gray matter.

Also, I'm not sure how this sensation is even possible to contemplate, but my stomach seems to have found a way to turn itself inside out.

Oh, did I mention these axe-splitting headaches?

Furthermore, why is the ground underneath my feet so wobbly? WTF is going on, dude?"


Bleh. It sucks, but I gotta get through this.

Self-improvement by removing an entire combo class of pharmaceuticals out of my system after a couple decades of directed use.

Time to get entirely clean for ranch life (again, and for the rest of our unnatural lives...)

Have been absolutely alcohol sober for quite some time now, and finding I'm really enjoying life a lot more.


+1 WOsMerit

detoxifying from prescriptions as much as a...well...you know....a toxic person can, over the last few months

hope you feel better...i know i do


-----------




What price drop?


How would that be relevant?

Give me some KING DADDY!!!!!!!!!    Angry Angry Angry Angry >



+1 WOsMerit



----------


I agree with most of these -


@bitcoin_clown
#Bitcoin  2024 bull cycle ATH: 150k to 350k

#Bitcoin  2028 bull cycle ATH: 350k to 750k

#Bitcoin  2032 bull cycle ATH: 750K to 1.5M

*If black swan event, add $200k to 2024, 500K to 2028 and another 1M to 2032

Sorry for being bearish but I'm just being realistic here.

Let's Go🚀
https://twitter.com/bitcoin_clown/status/1620103839327342594

+1 WOsMerit



----------

What price drop?
This is the attitude that I and everyone else reading this needs to have Cheesy Cheesy Cheesy


+1 WOsMerit


-----------



+1 WOsMerit



---------

daily rsi cooled and looks to be getting ready for February

steady as she goes

stronghands
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January 30, 2023, 09:17:18 PM

I had some experiences like this in the past, when i was mis/underdiagnosed.
I'd try to get some natural help, for example 5HTP and L-Tyrosin, maybe some Ashwagandha extract too (If you don't get a sore throat from the latter, like a few other people).
Even if it makes you feel only -5/10 it's worth it.

I was giving Rick a long-winded brain-dump approximating the physical sensations, and came up with the following paraphrase.

"It's like all my neurons and synapse pairs are playing a unique high-speed game of Tetris, with only 6 lines of movement room to work with. Every time I want to make a move, every synapse pair has to pause, write out to disk the entire state of the game, and load it back up to the next nearest synapse pair. Unpause the game, and repeat for the next move across every synapse pair in your stupid gray matter.

Also, I'm not sure how this sensation is even possible to contemplate, but my stomach seems to have found a way to turn itself inside out.

Oh, did I mention these axe-splitting headaches?

Furthermore, why is the ground underneath my feet so wobbly? WTF is going on, dude?"


Bleh. It sucks, but I gotta get through this.

Self-improvement by removing an entire combo class of pharmaceuticals out of my system after a couple decades of directed use.

Time to get entirely clean for ranch life (again, and for the rest of our unnatural lives...)

Have been absolutely alcohol sober for quite some time now, and finding I'm really enjoying life a lot more.

FUCK  Sad
This is a magnitude higher than what i have undergone so far. Additionally, i always tried to take meds for the absolute minimal duration. Anxiety, depression, delusion and hallucinations were the worst i had to combat, aside from a couple of aftereffects from drugs, but for a few days only.
As for quitting pharmaceuticals, i was regretting my first take on a full stop, and there were a few more attempts, but if you don't want to stay on meds and you are a decisive person, you don't try to be on them, so as long as taking meds, there will be full stops along the timeline.
Can you try to combat the worst symptoms (painkillers?), at least?
"Couple decades" use is a fucking BIG issue, in terms of intensity. Your brain is currently lacking all the brainy things (neurotransmitters etc.)  the meds were boosting/preserving. Everything regulated got unregulated.

This is a nasty way for sure, but if you know you want to do it, you simply got to do it to get through it.
If you fail, it won't break you, and you will try again to get out, but differently. So you will finally make it, and that's the most important.
And then you have a chance to live your real life.
JayJuanGee
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January 30, 2023, 09:21:24 PM
Merited by Hyperjacked (2), Hueristic (1)

What price drop?
This is the attitude that I and everyone else reading this needs to have Cheesy Cheesy Cheesy

But I am serious.  We cannot really have up without some pauses along the way and even some potentially more meaningful corrections... so I am having difficulty seeing down at all if we have a kind of UP that went from $17k-ish to nearly $24k, which is more than 40% to the upside without even reaching an 8% correction yet.

At the time that I typed my earlier response, we were still above $23k - which would have been only a correction of 4% .. so surely noise and even if we now have had more than 4%, I still am going to consider it noise (or maybe even a potential fake out if we do not get more than 8%, which is needing to get below $22,100... and so let's see how $22k holds up - if we get down that far?

Don't get me wrong, if we were trading, then we would need to be ahead of these price moves.. so any of us doing that?  beyond perhaps shaving off some profits on the way up and then we would potentially be back into buying territory on the way down.. At what point do we return to buying?  $22k or before that?  

Don't get me wrong also, I don't even consider that we are out of a bear market until getting above $30k, even though it would feel good to get back above the 200-week moving average which is currently
$24,740.. so the 200-week moving average historically has been a bottom price in bitcoin, so surely getting back above our historical bottom price would be a move in the right direction.  Am I contradicting myself yet?

Ok.. so far we got $22,565 (which is nearly 6% down from the top), and I know some folks are going to start talking about the "crash" that we are experiencing... I am still having some difficulties NOT appreciating the more than 40% up that we had gotten when we nearly reached $24k.. so yeah, maybe the UP has been reduced and we are only around 33% up as I type this post (with prices around $22,700-ish)?  so far .. maybe our UP will be reduced even more? I am not really getting exited about calling it a "down" yet... and yeah, maybe that's just me?  Call me overly optimistic or whatever, and I am not even necessarily expecting more up from here.. I don't even know.. except to have psychological and financial preparations for either direction.. so there's that.


Even though some variations of those workplace monitoring and inspiring of greater "efficiencies" are already playing out, they are likely to continue to be more invasive and more insulting. .like the ones in the presentation..

Kind of depressing to witness some of those kinds of "innovations."

daily rsi cooled and looks to be getting ready for February

What does that mean dog?
ChartBuddy
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January 30, 2023, 10:01:18 PM


Explanation
Hyperjacked
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It's all mathematics...!


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January 30, 2023, 10:32:54 PM

What price drop?
This is the attitude that I and everyone else reading this needs to have Cheesy Cheesy Cheesy

But I am serious.  We cannot really have up without some pauses along the way and even some potentially more meaningful corrections... so I am having difficulty seeing down at all if we have a kind of UP that went from $17k-ish to nearly $24k, which is more than 40% to the upside without even reaching an 8% correction yet.

At the time that I typed my earlier response, we were still above $23k - which would have been only a correction of 4% .. so surely noise and even if we now have had more than 4%, I still am going to consider it noise (or maybe even a potential fake out if we do not get more than 8%, which is needing to get below $22,100... and so let's see how $22k holds up - if we get down that far?

Tru dat Jay … someone has to be the voice of reason!
It has been a good run…who can blame traders for locking in profits 😎
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It's all mathematics...!


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January 30, 2023, 10:55:37 PM
Merited by JayJuanGee (1)

What price drop?
This is the attitude that I and everyone else reading this needs to have Cheesy Cheesy Cheesy

But I am serious.  We cannot really have up without some pauses along the way and even some potentially more meaningful corrections... so I am having difficulty seeing down at all if we have a kind of UP that went from $17k-ish to nearly $24k, which is more than 40% to the upside without even reaching an 8% correction yet.

At the time that I typed my earlier response, we were still above $23k - which would have been only a correction of 4% .. so surely noise and even if we now have had more than 4%, I still am going to consider it noise (or maybe even a potential fake out if we do not get more than 8%, which is needing to get below $22,100... and so let's see how $22k holds up - if we get down that far?

Tru dat Jay … someone has to be the voice of reason!
It has been a good run…who can blame traders for locking in profits 😎

Obviously my first day posting… 😝
My Bulltard staircase on the 1month is still in tack … let’s hold Jan 24th 22385 bottom and not turn into a Bart Simpson 😎
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January 30, 2023, 11:01:17 PM


Explanation
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