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

[vroom]

1 minute chart enabled. Not sure if I should change to 1 second

[philipma1957]

I know I shouldn't but I fomo-ed in a tiny bit of corn.

My 48.2k ladder hit

waiting for my 50310 to hit

[Gachapin]

I know I shouldn't but I fomo-ed in a tiny bit of corn.

Apis appreciates your sacrifice

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[bct_ail]

1 minute chart enabled. Not sure if I should change to 1 second

1 second?




1 minute is healthier

[vapourminer]

I know I shouldn't but I fomo-ed in a tiny bit of corn.

My 48.2k ladder hit

waiting for my 50310 to hit

as soon as the etf got approved i took out some of my lowest sell bids. no sense giving corn away now.

my new lowest sell point is up in the $60ks and that is very subject to change.. upward lol

[Richy_T]

Obligatory:

[bitebits]

errr

when moon?

guys?



lol mediocre

After the gold ETF was accepted it took 300 days to liftoff. Bitcoin will do it faster 😀

We might need to change vehicle after the ATH:
https://executiveflyers.com/how-high-can-a-helicopter-fly/

[El duderino_]

This ETF approval + little pump + being on a longer holiday

Couldn’t complain

[El duderino_]

errr

when moon?

guys?



lol mediocre

After the gold ETF was accepted it took 300 days to liftoff. Bitcoin will do it faster 😀

We might need to change vehicle after the ATH:
https://executiveflyers.com/how-high-can-a-helicopter-fly/

Little Lambo?

[FinePoine0]

Bitcoin market will touch 50 today.
 Investors are waiting for 50K.

Pump pump pump

[AirtelBuzz]

Bitcoin hits $1B in trading volume during the first 5 minutes after market open.

[OgNasty]

Bitcoin market will touch 50 today.
 Investors are waiting for 50K.

Pump pump pump

The last resistance level before $50K has been taken out. It’s pretty much psychological now. There is less and less standing between the market and the all time high. With the halving coming things could get wild. It’s so exciting I could barely sleep last night. Maybe I don’t watch enough mainstream news but I feel like this isn’t being talked about enough.

[philipma1957]

I know I shouldn't but I fomo-ed in a tiny bit of corn.

My 48.2k ladder hit

waiting for my 50310 to hit

as soon as the etf got approved i took out some of my lowest sell bids. no sense giving corn away now.

my new lowest sell point is up in the $60ks and that is very subject to change.. upward lol

my step ladder goes to 70k


then my real ladder starts at 99534

[Biodom]

By volume IBIT>FBTC>ARKB with the rest being smaller.
Interestingly, some are declining even as btc pumps.
The initial "seed" is getting their money back, probably.

[dragonvslinux]

Long time no post. Came to see if anyone else was selling this news event, guess I'm not the only one. Felt comfortable with a decent sell at $48K. Now will wait for pull-back. Still think we could see $30K within next few months as below $40K there isn't a lot to keep us at higher levels. No doubt ETF will help in the long-run, but that will take a few months imo, rather than a few weeks.

Already the 4hr candle is looking bearish and sellers clearly taking advantage of the "sell the launch" opportunity. Let's be honest 2023 was a good year with +150%, now all that's needed is for price to cool off and balance out. It's ironic as $48.5K was the 0.618 retracement level I had talked about hitting for a long-time, even if it took until 2024 to get there as opposed to 2023 as initially anticipated.

You can consider my return and post as a local top signal 

[philipma1957]

Long time no post. Came to see if anyone else was selling this news event, guess I'm not the only one. Felt comfortable with a decent sell at $48K. Now will wait for pull-back. Still think we could see $30K within next few months as below $40K there isn't a lot to keep us at higher levels. No doubt ETF will help in the long-run, but that will take a few months imo, rather than a few weeks.

Already the 4hr candle is looking bearish and sellers clearly taking advantage of the "sell the launch" opportunity. Let's be honest 2023 was a good year with +150%, now all that's needed is for price to cool off and balance out. It's ironic as $48.5K was the 0.618 retracement level I had talked about hitting for a long-time, even if it took until 2024 to get there as opposed to 2023 as initially anticipated.

You can consider my return and post as a local top signal 

not to worry. I sold a few pieces of corn on the small ladder up.

This is to prep for the mining ⛏️ costs for the next few months.

[Biodom]

Long time no post. Came to see if anyone else was selling this news event, guess I'm not the only one. Felt comfortable with a decent sell at $48K. Now will wait for pull-back. Still think we could see $30K within next few months as below $40K there isn't a lot to keep us at higher levels. No doubt ETF will help in the long-run, but that will take a few months imo, rather than a few weeks.

Already the 4hr candle is looking bearish and sellers clearly taking advantage of the "sell the launch" opportunity. Let's be honest 2023 was a good year with +150%, now all that's needed is for price to cool off and balance out. It's ironic as $48.5K was the 0.618 retracement level I had talked about hitting for a long-time, even if it took until 2024 to get there as opposed to 2023 as initially anticipated.

You can consider my return and post as a local top signal 

Could be, but not by as much as you are suggesting, imho.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[dragonvslinux]

Long time no post. Came to see if anyone else was selling this news event, guess I'm not the only one. Felt comfortable with a decent sell at $48K. Now will wait for pull-back. Still think we could see $30K within next few months as below $40K there isn't a lot to keep us at higher levels. No doubt ETF will help in the long-run, but that will take a few months imo, rather than a few weeks.

Already the 4hr candle is looking bearish and sellers clearly taking advantage of the "sell the launch" opportunity. Let's be honest 2023 was a good year with +150%, now all that's needed is for price to cool off and balance out. It's ironic as $48.5K was the 0.618 retracement level I had talked about hitting for a long-time, even if it took until 2024 to get there as opposed to 2023 as initially anticipated.

You can consider my return and post as a local top signal

Could be, but not by as much as you are suggesting, imho.

Well no, not really. It's been well documented in the media and such that this could be an "implosion of new money into Bitcoin" or a "buy the rumour sell the news" type event. So far, I'd say it's the latter, but only time will tell. To me it's more the fact Bitcoin has reached my minimum target for a retracement from ATH to bear market low. It's just a "concidence" it occurred on the day of the ETF launch. Ie, not a coincidence at all.

Even with no ETF launch I'd be taking profits at current levels, because it feels eerily similar to summer 2019 parabolic run, at very similar levels as it were. Even if not I'm anticipating any sort of black swan event, a 35% to 50% correction feel due, much like in 2020 even before the covid crash, ie from $14K to $7K. In this case a think a milder (by %) pull-back to around $30K is in order.

Not gonna lie though, the trend is still bullish, even with current rejection on lower time-frames. It's more the red flags on the chart that's causing me to lose faith in continued upside right now. To me it's the same as $12.8K in 2019, so sure price could go a bit higher in the short-term, but notably anything above $12K back then was a solid selling opportunity. At least until price returned to $7K.