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

[ChartBuddy]

Explanation

[Who is John Galt?]

too many market participants behave like a flock of scared pigeons

Isn't that good? Isn't it precisely this kind of behavior that makes trading possible, the volatility of bitcoin and, as a result, the increased interest in it? There is a time for everything: there is a time for frightened pigeons, and there will come a time for self-confident birds!

Fuck! Traders

Everyone has their own place in the ecosystem, traders also bring their share of benefit to society ... if you keep them within limits. 😂

[ChartBuddy]

Explanation

[bitebits]

Haven't seen the 4th bear market report (22 pages) by Tuur Demeester shared yet. Worth a read since the previous three reports (2012, 2015, 2019) turned out to be quite prophetic. One conclusion is we are currently in the accumulation phase (price range $22k-$42k) until a new multi-year bull market pushes it well north of $120,000. IMHO it won't take long before all coins in the twenties are permanently sold and we are firmly back into the thirties. Time to HODL, sit back, and enjoy the ride.

https://global-uploads.webflow.com/64146a6197229d65fe665d88/6447db3b49378e26a7154596_position-bitcoin-boom-adamant.pdf
Another conclusion is dollar-cost-averaging sucks vs. lump sum, something the royal we already concluded on the WO.

For those in a hurry the first page with the conclusions:

[BitcoinBunny]

Looks like China is going to try to resolve the Ukraine crisis and crush the criminal American neocons' attempts to create conflict in the world, which it clearly is doing to boost its Military Industrial Complex money laundering scams despite the heartbreaking Ukrainian losses in lives and economic destruction.

If China is successful this could be a huge boost for peace and of course BTC's price when resolved I reckon.

 

Xi holds first call with Zelensky since Russia’s invasion – and promises delegation to Kyiv
https://uk.yahoo.com/news/xi-holds-first-call-zelensky-172051439.html

“As a permanent member of the UN Security Council and a responsible major country, we will neither sit idly by, nor pour oil on fire, still less seek to profit from it,” President Xi said in what was a possible dig at Western nations that have been very vocal in their support for Kyiv.

Xi makes the current western leaders look like the complete imbeciles that they clearly are.

[ChartBuddy]

Explanation

[Gachapin]

Bitcoin BTC illuminates the path to economic sovereignty, innovation, and boundless prosperity.

It's the Best idea we've ever had.

reported for plagiarism
https://twitter.com/MemeingBitcoin/status/1650966036965933058

Bitcoin price action similarities between 2019 and 2023

The conclusion of hash rate wars in 2018 saw Bitcoin price crash from roughly $6,000 to $3,000. This sudden drop formed a local bottom for BTC, which was followed by 107 days of consolidation.

This consolidation ended on April 1, when Bitcoin price shot up and formed a bullish divergence on the daily chart. The setup was followed by a 173% upswing in the next two months, which pushed BTC to form a local top at $13,880.

In 2023, a similar setup has formed, indicating that the ongoing coiling up is likely to lead to a similar outlook. While a 173% upswing is unlikely, investors can expect Bitcoin price to push deeper into the weekly Bearish Breaker area, extending from $29,247 to $41,273.

The likely targets are the midpoint of the said breaker at $35,260 and the range high at $41,273.

reported for plagiarism
https://www.binance.com/en/feed/post/455188

[bbigtart]

JUST IN: Hong Kong to release cryptocurrency framework next month - Bloomberg. Plans include allowing retail investors to buy #Bitcoin

[/url]

https://twitter.com/BitcoinMagazine/status/1651548042879815681?t=R6VPitBGt61pdryVd5aNLQ&s=19

[hisslyness]

I don't necessarily consider my route to have had been completely voluntary, and certain directions sometimes can end up having some forcing elements to them   - but for me, I feel a lot of matters worked out quite well, but there were various choices along the way that do not really seem to have had been completely voluntary.. and then some aspects of the direction have both luck and preparation that end up contributing towards decisions in which threshold matters can be decided regarding whether enough is enough.. and how much of this job versus another kind of job or another kind of job is necessary in terms of bringing in income or even making certain kinds of financial and psychological preparations.

I remember in about mid-to-late 2013 disclosing to one of my then work colleagues that when I reassess my financials with lesser income, there are ways to project out the income that I expected to have under one path versus another path and the outcome of those two paths do not really seem to show very much financial differences between working in job x that has higher income or working in job y that has lesser income, but way more freedoms... and for me, I likely would not have had time to spend so much looking into bitcoin were it not for me having had chosen to go into job y rather than staying in job x...... .. and largely my nestegg in job x had mostly had been established (even though another few more years seemed as if it would have had been preferable - since there were perks, and status, and even seeming opportunities and connections - but in the end, circumstances were not going to make such an option of sticking with job x to be worth it for my whole situation.. in regards to what I was willing, ready or able to do)..... and so there was a certain level of tearing and even seeming less prestige and benefits with job y.. even with way more freedoms.. 

In the end, going down the bitcoin road that may have also come about by giving up on job x (and spending more time on bitcoin-focused kinds of time-allocations) did end up causing both financial and psychological circumstances that way surpassed in surplus value compared to what I had projected my path to have had been nearly 10 years ago when these kinds of weighing of options of staying in job x or some variation of job x were being deliberated by yours truly.

Maybe I am suggesting that there can be some ways in which all of the "i"s do not necessarily need to be dotted, and not all of the "t"s need to be crossed in order to still end up being in a position in which you could still be ready to cross into a new kind of era in which there are fewer traditional "work-related" obligations.. and a path can be gone down in which fewer and fewer "work-related" obligations are filling up your days.... and so I had quite a few "work-related" obligations that I severed in 2013.. but also even more "work-related" obligations that I severed in 2018/2019... and sure, I still do have some things that I do that I label as work-related obligations, even though some people in my life have tried to suggest that I don't have to do them... but I still do dedicate some time to certain kinds of activities that I consider to be "work-related" obligations.. even though they are way more self-directed than many of the obligations that I severed in 2013 and in 2018/2019.

I definitely admire anyone who has taken retirement early/earlier than expected. The finances is one aspect, but i think the psychology of it all, would be harder to overcome. Which is also part of the reason i am thinking about this now rather than later. Spending the bulk of your adult life going in cycles of work/home/weekend, work/home/weekend, work/home/weekend, does become an addiction that needs to be addressed.

I for one will not be weaning myself off, (that is, working for someone else, reducing clients, taking a part time tech job), it's going to be "That's it, I'm Done". We're closing shop (next week/next month/next year). By then i hope i have many i's dotted and t's crossed. Because once I am gone, I am not coming back! Which means i need to prepare myself, financially, physically and mentally as i don't know when that will be, but i know it will come sooner rather than later!

It will be compounding factor that leads everyone to make the call.  Completely Voluntary is wishful thinking, we all like to think we made that decision on our own terms, but it could be shitty boss, mental breakdown, lost of a major account/customer, the list can keep going, that make us re-evaluate where we are in life, where we want to be and most importantly where we can be.

You are right, i don't expect to have everything sorted out before such date, but hopefully i would have had the bulk of my plan sorted. hopefully...

On another note, what was/is your job x and job y?

[Gachapin]

JUST IN: Hong Kong to release cryptocurrency framework next month - Bloomberg. Plans include allowing retail investors to buy #Bitcoin

[/url]

https://twitter.com/BitcoinMagazine/status/1651548042879815681?t=R6VPitBGt61pdryVd5aNLQ&s=19

Twitter Copy Post Not Allow You will never do that again.

ftfy

[ChartBuddy]

Explanation

[Torque]

I definitely admire anyone who has taken retirement early/earlier than expected. The finances is one aspect, but i think the psychology of it all, would be harder to overcome. Which is also part of the reason i am thinking about this now rather than later. Spending the bulk of your adult life going in cycles of work/home/weekend, work/home/weekend, work/home/weekend, does become an addiction that needs to be addressed.

I for one will not be weaning myself off, (that is, working for someone else, reducing clients, taking a part time tech job), it's going to be "That's it, I'm Done". We're closing shop (next week/next month/next year). By then i hope i have many i's dotted and t's crossed. Because once I am gone, I am not coming back! Which means i need to prepare myself, financially, physically and mentally as i don't know when that will be, but i know it will come sooner rather than later!

It will be compounding factor that leads everyone to make the call.  Completely Voluntary is wishful thinking, we all like to think we made that decision on our own terms, but it could be shitty boss, mental breakdown, lost of a major account/customer, the list can keep going, that make us re-evaluate where we are in life, where we want to be and most importantly where we can be.

You are right, i don't expect to have everything sorted out before such date, but hopefully i would have had the bulk of my plan sorted. hopefully...

On another note, what was/is your job x and job y?

I can tell you from direct experience, the first thing about retiring or ending a career that you have to contend with is a loss of identity.

After many decades, a career and a title defines you to both yourself and the people around you. When you retire, you move from "I am an X" to "I was an X". So who am I now? _{(Of course it doesn't help that your friends and family will treat you differently, treat you like a bum because you are not slaving away at a job anymore like they still are. But that's a different story.)}

You are, of course, the same person you were before all the career stuff even began, you just have lost that sense of self.

What helps to make the transition easier is to think of yourself in terms verbs instead of nouns. You are not a title, you are a person who does interesting stuff throughout your life. Instead of "I was a Sr. Project Manager, and now I'm a nothing" you say to yourself "I did project management for a while. Now I do [insert whatever interests or hobbies you have here]."

[Bitcoin_people]

#BitcoinBTC is one in all.

[ChartBuddy]

Explanation

[BitcoinBunny]

Bitcoin BTC illuminates the path to economic sovereignty, innovation, and boundless prosperity.

It's the Best idea we've ever had.

reported for plagiarism
https://twitter.com/MemeingBitcoin/status/1650966036965933058

Bitcoin price action similarities between 2019 and 2023

The conclusion of hash rate wars in 2018 saw Bitcoin price crash from roughly $6,000 to $3,000. This sudden drop formed a local bottom for BTC, which was followed by 107 days of consolidation.

This consolidation ended on April 1, when Bitcoin price shot up and formed a bullish divergence on the daily chart. The setup was followed by a 173% upswing in the next two months, which pushed BTC to form a local top at $13,880.

In 2023, a similar setup has formed, indicating that the ongoing coiling up is likely to lead to a similar outlook. While a 173% upswing is unlikely, investors can expect Bitcoin price to push deeper into the weekly Bearish Breaker area, extending from $29,247 to $41,273.

The likely targets are the midpoint of the said breaker at $35,260 and the range high at $41,273.

reported for plagiarism
https://www.binance.com/en/feed/post/455188

Should also report him for zero effort in selecting a username.

[ChartBuddy]

Explanation

[BitcoinBunny]

O/T

Good watching the young 20 year old Chinese snooker player Si Jiahui doing well. Looks like he could be heading into the world final at this rate.

About time there was a shake up in the game that mostly seems to feature British dinosaurs these days.
Winning an individual world sporting title 7 times should be enough for anyone.

We seem to have had the same flipping players every time in the world finals for around 25 years.

Shame this wasn't the actual final against the Belgian player Luca Brecel. Another good player to watch.
Watching the rest is like watching paint dry. Slow and not attacking anymore.

Last time I enjoyed watching snooker this much was indeed in the 90s.

[JimboToronto]

have fun staying poor🤡🌍🌎🤡

That reminds me of this old chestnut:



I forget where I got it.

[BitcoinBunny]

RIP Jerry Springer

Fun trash TV in the 90s. Crying on the floor with laughter cameo part in Austin Powers 2. Inspired a very funny controversial musical.
Seems he was a nice guy.

[Etranger]

Bitstamp and Coinbase are the only exchanges left that didn’t close my account for no reason. I suspect that regulators are doing all they can to push crypto from the reach of Americans. I look forward to the pendulum swinging the other direction when this nonsense is finally given up. Who cares though… We’re back to pushing on $30K and faster than I’d figured we would.

I believe that regulators are simply protecting the way of existence to which they are accustomed and which is most beneficial to them. Cryptocurrencies create problems for this system, so they increase the restrictions. In my opinion, this is a fight with windmills, which is doomed to failure, because cryptocurrencies are the future, and the future always defeats the past in one way or another.