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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26379712 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 3 users with 9 merit deleted.)
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February 26, 2024, 07:23:48 PM
Merited by El duderino_ (10), LFC_Bitcoin (3), JayJuanGee (1), Toxic2040 (1)

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February 26, 2024, 07:28:02 PM
Merited by LFC_Bitcoin (3)

only +27% left for a new ATH
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February 26, 2024, 07:31:21 PM

Where
Chopper
?

And

Next one please.
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February 26, 2024, 07:32:43 PM
Last edit: February 27, 2024, 12:09:18 AM by JayJuanGee
Merited by philipma1957 (1)

I sold some
 At
48
49
50
51
52
little pieces.
so youre the guy i bought from at 49 and 51k lol
To the grandmas and/or taxi drivers I sold to @ 61K in 2021... thank you for taking one for the team.
Keep hodeling my friends!  You will be in the black in no time.
(hopefully it wasn't you whom I bought it back from @ 19K in 2022)

You BIG  meanie....  Angry Angry Angry Angry

[edited out]
Good timing, but did you increase your stash?

That's an interesting question.

Let me do a quick look for my own ballpark situation.

The closest comparison of any of my data was right around the turn of the year of 2021 January 1, 2022 with BTC prices right around $47k at that time, and so my current BTC stash is ONLY right around 1.5% more than it was then... that is not very much different... my cash is about 25% more than it was at that time.
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February 26, 2024, 07:36:53 PM

OK guys for those that missed the bus here's your chance!

https://www.oreillyauto.com/flux-500.html?q=121g
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February 26, 2024, 07:41:07 PM
Merited by LFC_Bitcoin (3)

 Shocked
What happened?
ETFs forced to buy on actual spot market?  Kiss
 Cool

EDIT: I was about to miss those multi $k candles  Grin
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February 26, 2024, 07:41:25 PM
Merited by LFC_Bitcoin (3), Hueristic (1), Paashaas (1)

Just noticed

Btc halving is added on CoinMarketCap
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February 26, 2024, 07:45:08 PM
Merited by El duderino_ (10), LFC_Bitcoin (3)

Bitcoin is going irrevocable to $1.000.000 before 2030 not $0.
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February 26, 2024, 08:03:22 PM


Explanation
Chartbuddy thanks talkimg.com
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February 26, 2024, 08:06:47 PM
Merited by LFC_Bitcoin (3), Paashaas (1)

only +27% left for a new ATH
I prefer the traditional method - from the ATH instead from the current price. At 54 500 we are 79% from the ATH:



It would be nice someone to make such a gif using api from some exchange to see with time how this percentage fluctuates.
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February 26, 2024, 08:11:31 PM

only +27% left for a new ATH
I prefer the traditional method - from the ATH instead from the current price. At 54 500 we are 79% from the ATH:



It would be nice someone to make such a gif using api from some exchange to see with time how this percentage fluctuates.

Agreed much better visualisation, though we are at 79% of the ATH not from ...
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February 26, 2024, 08:14:10 PM
Merited by fillippone (3), philipma1957 (1), Paashaas (1), bitserve (1), Toxic2040 (1), gappie (1)

I believe this is gentlemen.


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February 26, 2024, 08:16:26 PM
Merited by El duderino_ (2), JayJuanGee (1), OutOfMemory (1), strawbs (1)

So buddy do we see 53k next chart.

54k by morning. TBC





------------

the noon wall report


dyor


$54,567  $54,969 observed

alright...on towards no mans land we go

now take a second to relax....perhaps get up and stretch....do some deep knee bends and roll that neck until the tensions flow away

not only the day but the week is just getting started


4h


D

stronghands



---------



Born Today 121AD

Antonius Marcus Aurelius, He was the last of the so-called Five Good Emperors. He was a practitioner of Stoicism, and his untitled writing, commonly known as Meditations
https://twitter.com/romanhistory1/status/1762091139014799531



if you havent seen his writings i encourage you to take a look

https://ia804703.us.archive.org/26/items/meditationsofmar00marc/meditationsofmar00marc.pdf
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February 26, 2024, 08:42:26 PM

ALL YEAR HIGH




60k is knocking on the door.
Can't believe I sold my holdings around $17K Dec 2022.
Well Current holding already higher but it still hurts
And now Bitcoin is enroute $60K.


Bought some around 50700 with stop loss at $49K in binance
This I plan on not holding
I find it weird am seeing profit but too scared to sell off some.
And my decision already paying off
Sell limit lined up around $59-60K.

Already deleted my electrum wallet
Only the address available for DCA
Dollar is increasing more in relation to my countries currency.
So I chose to separate my holding stash from the current one. 
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February 26, 2024, 08:57:16 PM
Merited by JayJuanGee (1)

....



Thanks for sharing your strategy, it's something close to what I imagine doing when I'm ready to make the exit move.



I have no doubt that 60k will come this week... and we would break the pattern if the ATH comes before the halving... In this case, breaking the pattern, I ask the more experienced here: What would be the thesis of identifying the target? since we would only have psychological targets... I know that no one has a crystal ball, but I wanted to know, if possible, what yours theory is.

In the bear market, I used partial purchases on a 50% price drop to take advantage of a possible pullback... and then larger entries on a 70-75% price drop from the ATH

However, I still feel a little unsure about identifying the target, I know that the best way is to gradually go out at the average price.

Unfortunately, or fortunately (depends on your point of view) I still need to use position trade to be able to build capital.
You should ask JJG about that.

Thanks for the sugestion.



@JayJuanGee Could you give your opinion on this? I know that it is practically impossible to predict exactly where the target will be and that is not exactly what I would like to know...

My case is that I still don't know how to identify the best exit regions.

Your withdrawal strategy is based on the exit moment after building capital, in my case I am still under construction. What would you do if you were in a capital construction situation? If you could share some knowledge so I can adapt my journey I would be very grateful.




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February 26, 2024, 09:01:18 PM


Explanation
Chartbuddy thanks talkimg.com
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February 26, 2024, 09:02:04 PM

Everybody buys Bitcoin at the price they deserve.TM

Why do I sense ATH will come B4 the 1/2ing?

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February 26, 2024, 09:13:29 PM
Merited by JayJuanGee (1)

I sold some
 At
48
49
50
51
52
little pieces.
so youre the guy i bought from at 49 and 51k lol
To the grandmas and/or taxi drivers I sold to @ 61K in 2021... thank you for taking one for the team.
Keep hodeling my friends!  You will be in the black in no time.
(hopefully it wasn't you whom I bought it back from @ 19K in 2022)

You BIG  meanie....  Angry Angry Angry Angry

[edited out]
Good timing, but did you increase your stash?

That's an interesting question.

Let me do a quick look for my own ballpark situation.

The closest comparison of any of my data was right around the turn of the year of 2021 with BTC prices right around $47k at that time, and so my current BTC stash is ONLY right around 1.5% more than it was then... that is not very much different... my cash is about 25% more than it was at that time.

hmm Nov 2021

I was at x btc
and Feb 2024
I am at x btc

But I was some debt now zero
I was x cash now 2x cash
I was 0  I bonds now some I bonds.
I was x of silver now  more than 4x that.

and November 2021 marked the peak of last bull run.
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February 26, 2024, 09:18:15 PM
Merited by JayJuanGee (1)

....



Thanks for sharing your strategy, it's something close to what I imagine doing when I'm ready to make the exit move.



I have no doubt that 60k will come this week... and we would break the pattern if the ATH comes before the halving... In this case, breaking the pattern, I ask the more experienced here: What would be the thesis of identifying the target? since we would only have psychological targets... I know that no one has a crystal ball, but I wanted to know, if possible, what yours theory is.

In the bear market, I used partial purchases on a 50% price drop to take advantage of a possible pullback... and then larger entries on a 70-75% price drop from the ATH

However, I still feel a little unsure about identifying the target, I know that the best way is to gradually go out at the average price.

Unfortunately, or fortunately (depends on your point of view) I still need to use position trade to be able to build capital.
You should ask JJG about that.

Thanks for the sugestion.



@JayJuanGee Could you give your opinion on this? I know that it is practically impossible to predict exactly where the target will be and that is not exactly what I would like to know...

My case is that I still don't know how to identify the best exit regions.

Your withdrawal strategy is based on the exit moment after building capital, in my case I am still under construction. What would you do if you were in a capital construction situation? If you could share some knowledge so I can adapt my journey I would be very grateful.



Its not entirely obvious what you are asking?

What is "the target" or an "exit region" or "exit moment"?

If you are asking "what will be the top?" and "when should I sell?" then I would say to the first,  no one knows and to the second that depends on you and your personal situation.

What is your personal objective and financial timeframe? Little point having a 30 year plan if you are already 75!

Think about your objectives and determine a strategy that will help youmeet them. If you don't do that you will always be guessing and wondering what to do.
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February 26, 2024, 09:54:43 PM
Merited by vapourminer (1), xhomerx10 (1)


 This feels right.  I think this is the best possible template for a WO commemorative throwing star Smiley  Now we need a die to stamp them out - got time for more gubmint work, sirazimuth?

Every year has green and red, yet sure at the same time, so far there have been 3 greens and 1 red in terms of overall direction for each of the cycles.. even though normies, no coiners, low coiners, precoiners don't necessarily recognize that even though there is a lot of volatility the historical direction has been UP and is likely going to continue to be UP, even though there are no guarantees...

and since there are no guarantees, normies get scared, and that is part of the reason that we are still early - while more and more of the BIGGER players are coming into bitcoin, but those of us who have been here for more than a few months have been able to front run them, except those of us who are newer - perhaps less than a whole cycle, have not had enough time to accumulate waht we believe to be enough coins.. .. and yeah there is going to be perceptions of not having enough coins in the beginning for those who are thinking about this properly.. but sure we are still early.. even though some richer and richer folks are getting into the game of hoarding cornz.

Some folks might not have had abilities to be aggressive in the earliest times of their BTC accumulation, yet bitcoin is not going to wait.. sorry about that.. and sorry if you feel that you are running after the train.. yet we are still relatively early, but maybe not as early as we wished we would have had been - and yeah there are guys/companies like MSTR that (who) have been into bitcoin less than a whole cycle, but surely we cannot argue that some of them had not had enough time to accumulate coins (Saylor/MSTR is just going on its (their) fourth year in July/August).

Those of us who had been somewhat aggressive in our BTC accumulation might not have had left as many coins for the now new comers to fight over, yet many of us likely were not able to be as aggressive as MSTR/Saylor, and we should still be fine..

Essentially what I am striving to say is..

Green and red in each year... and there are so many times that we feel the red more than the green, even though the reality of the matter is that so many of us in Bitcoin for a long time remain fortunate, if we had been erroring on the side of mostly accumulating and HODLing, and sure some of us, such as yours truly, sell along the way including selling all the way since 2015 - in the case of this here cat, but holy fucking shit even though the amount of the sales seems to be like a lot, some of us still have way enough cornz in light of how much we are able to sell - in a kind of sustainable withdrawal system, and still the value of our holdings still keeps going up.

I had posted the below example earlier today, and if you think about it, the value of the HOLDings in terms of valuing it with the 200-WMA still would have had gone up, even if there were a relatively aggressive withdrawals strategy of between 6% and gradually progressing to 6.5% that would have had started 17 months ago.. at more or less the bottom of the latest dip and even the worst BTC price performance - relative to the 200-WMA.

I just went back and did a quick calculation that even starting from October 2022 and with 21 BTC, even if we would have withdrawn at a 6% per year rate, and just do a quickie calculation of 0.1 BTC per month (even though the tool recommends to reduce the rate of withdrawal once the BTC price is less than 25% above the 200-WMA, but even if we withdrew 0.1 BTC for the last 17 months, we would end up with a reduction of our BTC holdings from 21 BTC to 19.3 BTC, and the 200-WMA value of the BTC holdings would have gone from $490k in October 2022 to $605k today.. of course BTC spot price is even greater, but this tool is attempting to help us to emphasize value based on the 200-WMA so that we are less likely to get caught up in the rash exuberance of BTC spot price changes, even though at the same time, we are advantaged to be able to sell BTC and to receive spot price which is usually (but not always) 25% or more higher than the 200-WMA.

See that experimental chart of 0.1 BTC withdrawal per month here:

Even though the flat rate is simpler to follow, it does not take advantage of either reductions or the advance months that the tool attempts to guide.. and of course, if we start with 0.1 BTC, in order to stick with 6%, we should be reducing the amount each month otherwise we are going to be withdrawing way more than 6%, but it still goes with my argument that it is my tentative conclusion that anywhere between 6% and 10% fit within levels of moderate sustainability.. and the more that you would use the guidelines of the tool, then the more likely you could gravitate more and more towards more aggressive levels of withdrawal while at the same time likely being able to retain the dollar value of your BTC holdings in light of its 200-WMA valuations.

This is it guys!

 I got an email from an old friend, who had received an email from another old friend, who mistakenly thought that the former old friend was into Bitcoin.  He wants to get one before the price gets beyond his reach and is inquiring about mining.  Oh, he's also a grandfather! It's on!  To the moon.

 edit:  Nice!  This indicator never fails.

That's crazy.

But that's how normie no coiners, low coiners and just realized-to-be precoiners roll.
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