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

[JayJuanGee]

Guys, of course it's not feasible to pump the price without having any drop.

Now I am curious to see whether this pump was a just a bull game or it will stabilize the price to a new low.

This market is crazy!

New low?

You mean below $3,122? 

Are you smoking something?

[1714095351]

1714095351

[1714095351]

1714095351

[fillippone]

OBSERVING BTCUSD @11,921
BTC broke 12K Support!
Bitcoin  is clearly DEAD!

Coinbase Offline As Cryptos Collapse, Bitcoin Loses $1500 In Minutes

https://99bitcoins.com/bitcoin-obituaries/

Next Hours are Critical!

[LFC_Bitcoin]

This is getting really ugly

[JayJuanGee]

This is getting really ugly

$3,122 here we come.

ded


wwwwwweeeeeeeee!!!




lol

[LFC_Bitcoin]

This is getting really ugly

$3,122 here we come.

ded


wwwwwweeeeeeeee!!!




lol

If that ever happens I’m pumping every last fiat penny I have in.

[Cryptotourist]

You get a special pass since I think of you as the progeny I never had.

Here by my blessing upon thee.

Sweet.
Thank you uncle D, you know I love ya.

#

Back on  my laptop. I'm black now.
Can someone please recap - with the fewest words possible - WTF has been going on the last month or so? JSRAW?
My alerts have been going bananas the last few weeks & I know BTC is dead.
Is r0ach & gembitz OK? How about jonoiv?

[wayna]

Morning gentlemen!
Observing $12,150, looks like we’re going sub $12,000. You can look at this in two ways.

1.) Healthy correction, we were going too high, too fast. A correction is good, weak hands & profit seekers can fuck off, the real players can buy the dip as we consolidate & wait patiently until the halving & what it usually brings.

2.) We went too too high, too fast. People are selling, weak hands losing their balls & we’re going back to anything from $6,000 - $8,000.

If I have had enough BTC to risk, I would have sold at 13k waiting for a consistent correction and then going long.

Since I can't risk that, cause it could be just a little correction, I will watch the price going down to buy more.

This fluctuations are great for those who have a lot of liquidity.

[wayna]

This is getting really ugly

$3,122 here we come.

ded


wwwwwweeeeeeeee!!!




lol

Honestly... I hope so

After the 2018 crash, it would be the proof that BTC can dramatically fluctuate without thinking about a collapse of the crypto system or whatever which caused many headaches to hodlers and investors, it's just speculation. Sounds good to me.

[Last of the V8s]

This is getting really ugly

the ugly ones are more needy
so there's that

[stadus]

And the dump begin, how far this will go? Hopefully not gonna fall below $10,000 again.

[podyx]

So how low do you guys think we'll go?

I don't think it should get much lower from here but maybe we could see a similar pattern of 2016 june

[Globb0]

Alts going a bit green on CMC

flip flip

[JayJuanGee]

This is getting really ugly

$3,122 here we come.

ded


wwwwwweeeeeeeee!!!




lol

If that ever happens I’m pumping every last fiat penny I have in.

I will admit that my current set up causes my buy orders to go down to only about $3,500, which really means that I would be running out of money, and have to do some scrambling to even muster together decent additional cash for prices to go down below $3,500 -  and so another way of phrasing that would be that I would have blown my whole load (or most of it) prior to even getting close to $3,500.

If we are being frank, the truth of the matter would be that at this time if  BTC prices even appeared to be going below $6k (or even getting close to that), then I would be inspired to regroup in order to pee pare my selfie for the possibility that our bottom of $3,122 could be tested again... though I would give it low chances until $5k support is broken then the odds begin to go up quite a bit, in my thinking.  

So, likely if it looks like we are getting close to $6k, I will likely use whatever fiat I have left in my BTC funds to restructure buy orders all the way down to $2k.. .. yet, since we are "still" in the supra $11k territory, there should be hardly any fear for me that we are even going to get close to $6k, right?  That's how I feel right now.. little fear, and nice to have more than a $5k cushion between here and $6k in which I have buy orders staggered all the way down in relatively tight intervals (doing my part here to support the price all the way down).  

So, I am not even close to worried, yet.  I am just glad that we had so much BTC price appreciation over the past months (really starting April 1) that I have so much cash on hand  that I can put to good use to buy BTC, in the event that the price continues to go down.  

Thank you very much to BTC for having had gone up so much.      More up would be good, too (even preferable), but I can accept that she might not want to go up more, just yet.

[LFC_Bitcoin]

Morning gentlemen!
Observing $12,150, looks like we’re going sub $12,000. You can look at this in two ways.

1.) Healthy correction, we were going too high, too fast. A correction is good, weak hands & profit seekers can fuck off, the real players can buy the dip as we consolidate & wait patiently until the halving & what it usually brings.

2.) We went too too high, too fast. People are selling, weak hands losing their balls & we’re going back to anything from $6,000 - $8,000.

If I have had enough BTC to risk, I would have sold at 13k waiting for a consistent correction and then going long.

Since I can't risk that, cause it could be just a little correction, I will watch the price going down to buy more.

This fluctuations are great for those who have a lot of liquidity.

That’s how people in this thread end up being NOCOINERS.
You can’t play this market & expect to come out on top. You might get lucky but what if we surged to $20,000? You’d be sitting on a load of fiat with 0BTC & you’d end up buying back in higher.
Trading is a fools game.

Wait until a year or so after the halving & then sell.

[nutildah]

So how low do you guys think we'll go?

I don't think it should get much lower from here but maybe we could see a similar pattern of 2016 june

Best case scenario: $11k

Medium case scenario: $8k

Worst case scenario: $5.5k

[Globb0]

(above) 10k seems like a stop for me

[JayJuanGee]

So how low do you guys think we'll go?

I don't think it should get much lower from here but maybe we could see a similar pattern of 2016 june

I'm thinking lower $9ks would be reasonable, but bitcoin does not tend to be reasonable.  except when she wants to be, which again seems to be rare.

So how low do you guys think we'll go?

I don't think it should get much lower from here but maybe we could see a similar pattern of 2016 june

Best case scenario: $11k

Medium case scenario: $8k

Worst case scenario: $5.5k

Whoa zah... that sounds worse than I was thinking.

[Globb0]

Where is Roach?

[mindrust]

Honestly... I hope so

After the 2018 crash, it would be the proof that BTC can dramatically fluctuate without thinking about a collapse of the crypto system or whatever which caused many headaches to hodlers and investors, it's just speculation. Sounds good to me.

You should only sell when you are done with this completely.

If you are going to cry about the next ATH after you sell, don't.

Set yourself a target networth and start DCA'ing till you reach that target. Even when you reach your target it is probably a good idea to save 1 bitcoin just in case.

[ivomm]

The first support at 11800 was breached. The next support at 11200 holds so far. This is the price range since the crazy run began 2 days ago. Practically it was completely denied. It's around 19% correction from the AYH 13880. There is no reason or news related to the crash, so it is not logical to have additional 10 or 20% crash. The most probable scenario is to reclaim 12K until the end of the week and set a new AYH after a week. We are still in a bull market! Let the weak hands get their 1%-stop profit or even 10-20% "cut loss". We just need to stay above 10K for some time in order to breach 20K and stay above it for new highs like 50-100K in 2020!

P.S. As I was writing a good bounce to 11800 occured, which may be enough to stop the panic sells.