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

[bkbirge]

The next 24 seconds are critical for bitcoin.

[JayJuanGee]

This is the real pullback (actually, it is the first of many) we should go through, just like we did in 2015, 2016 and 2017.

No panic, just hodl. We'll be fine.

Hm?  Do you have some buying targets, mindrust?  Or are you just HODLing, currently?

I understand that buying BTC can be considered as a product of both BTC price movement amount and passage of time, so surely there seems to be potential opportunities to buy BTC now and at these prices, but there also seem to be potential opportunities to keep some fiat in reserve - just in case.. time passage and quantity BTC price of movement.

[jbreher]

What'd I tell you guys

Zero. You told us zero.

[Raja_MBZ]

It seems like pain ain't over yet. I hope we won't be posting Vegeta's memes tomorrow to get back $9000+ level again.

[JayJuanGee]

Don't worry guys, we'll be back above $12k by Friday, because that's when my weekly auto-buy happens. Been missing the dips since 2017!

Hahahahaha... Geez.

Could that even be possible?

Damned, bkbirge.

We had so many damned dips in 2018 and even in 2019 that you should have been able to get lucky in capturing some of those dips, no?  How could it be?

You don't seem like a bear, so anyone who has been attempting to accumulate bitcoin, especially in the past year and a half or so, should be relatively profitable, even in today's prices, as long as buy orders have been relatively consistent, like you mentioned on a weekly basis.

[kurious]

Which reminds me, I have fallen behind on posting nice Jewish ladies that you could take home to מוטע

Ashton Kutcher might object (to taking this lady home, etc.).

For me, Frank Zappa comes to mind.  Anyone remember the somewhat controversial, but er... 'seminal' Jewish Princess?

I don't want no troll
I just want a Yemenite hole

Not remotely politically correct, but genius, nonetheless. One for Roach to contemplate.  Having lived in NYC for a few years, I can actually say some of the lyrics have some veracity.

[jbreher]

Very dry. Sapphire. Up. Shaken. Twist of lemon. Oiled rim.

Large.

Shaken? You'll bruise the gin.

::pish::. <air finger quotes>"bruise the gin".</air finger quotes> ::posh::.

I'm a martini drinker. I ain't no oenophilatologisteer. Ya makes 'em as described, dey tastes gud.

Gin ain't got no capillaries to be broken. 'sides, the shaking infuses air into the mixture. The more vigorous, the better (at least within reason).

<air finger quotes>"bruise the gin".</air finger quotes>

SMH

[JayJuanGee]

What a giant fucking dip, I guess I'll put a small buy order in and not tell the wife on this one.

Especially now inform her.... so she can witness the epic buy moments

hahahahaha

Do you even know what is a "normie?"

Damned bot micpeep team don't seem to understand normies, no?

Normies cannot take this kind of BTC price movement.

You gotta be a damned hardened obsessed bitcoiner to be able to NOT be shaken by this kind of white noise in the price movement, which many WO regulars, including ur selfie and ur lil team, rise to the level of such abnormality.        

[Wekkel]

After the cold winter years of 2014-2015, nothing can phase me. Besides, my happiness is not tied to the price of Bitcoin. Results in better sleep too  

[JayJuanGee]

Heading a bit to deep down now.

Looks like we'll be coming down to 8k-8.5k or just me?

Put your buy orders here bois

Are you attempting to attribute sorcerer status to ur lil selfie?

just askin (sayin).

[gembitz]

xmas soon?    $5000 rebuying

[kurious]

Been waiting for a good moment to beef up my pension. 

I have signed up via a new broker to get me into the Swedish Bitcoin Tracker One ETN fund, it's not ideal but it tracks the price well, it's connected to Nasdaq and has been around since 2015.  It's allowed in my country and I can't be arsed to wait for an ETF.

About time I shifted a decent proportion of my pension into a decent asset. If this is still in this range tomorrow, I will start loading in.  No Capital Gains Tax to deal with is rather sweet...

[Biodom]

The 2015 fractal that everyone loves to hate says we are on track.  

The next 3 months are an excellent time to dollar cost average in.  This should be our final round of consolidation at the “bottom” before we start the long slow climb over the next two years.

<img snip>

For the second time in one day...wishful thinking.
The old fractal is dead...long live the NEW fractal.

"You cannot step into the same river twice."

Heraclitus

[JayJuanGee]

That's actually not bad to get new investors in since the interest was pretty weak the last few days/weeks. Even if we see 6k that's fine. Every bear turns into a bull at some point.

I am going to be a bit worried if we drop below $7k.

Of course, I am NOT too likely to panic or anything like that, but currently I am having a bit of trouble speculating that prices below $7k would be reasonable, unless maybe a very short period spike.. but still.

On the other hand, yeah, we did break above $4,200 on April 1, and so far, the best correction that we had was in the 30% arena, but still going more than 50% (which would be in the $7k arena) seems a bit much, but hey, this is bitcoin, so extreme price movements - whether UP or DOWN - are NOT really beyond her quasi-regular modus operandi....

Our lil baby BTC seems to flourish in the employment of "shock value" (or would it be "shock treatment"?)

[rolling]

The 2015 fractal that everyone loves to hate says we are on track.  

The next 3 months are an excellent time to dollar cost average in.  This should be our final round of consolidation at the “bottom” before we start the long slow climb over the next two years.

<img snip>

For the second time in one day...wishful thinking.
The old fractal is dead...long live the NEW fractal.

"You cannot step into the same river twice."

Heraclitus

What does the 2017 vs 2019 one look like now?

[JayJuanGee]

The 2015 fractal that everyone loves to hate says we are on track.  

The next 3 months are an excellent time to dollar cost average in.  This should be our final round of consolidation at the “bottom” before we start the long slow climb over the next two years.

<img snip>

For the second time in one day...wishful thinking.
The old fractal is dead...long live the NEW fractal.

"You cannot step into the same river twice."

Heraclitus

I love each of you (or should I say "both of you"?), with your ongoing fractal bullshit.

 

[_javi_]

Did we had a senate hearing for Libra and the consequent shitshow in 2017?
I missed the US president tweets about BTC in 2015...

/ironic mode off

[kurious]

What does the 2017 vs 2019 one look like now?

Irrelevant. 

It's normally a four year cycle, so we aren't in 2017, but we might be rhyming with 2015...

[rolling]

What does the 2017 vs 2019 one look like now?

Irrelevant. 

It's normally a four year cycle, so we aren't in 2017, but we might be rhyming with 2015...

Not really, these idiot traders like to paint the chart for fun. It's not organic, it's manipulated up and down.

[JayJuanGee]

Btw observing 10700, remember days without those two first numbers like it was yesterday, damn got here fast....

hahahahaaha

You talk like you were really into bitcoin in the $700s... Is that true?  Weren't you just barely getting into bitcoin in three digits?

The reality of the matter is that we did not spend a whole hell of a lot of time in the $700s in 2016-ish

Boy, I had my first BTC in the 350-ish zone

Still gotte read the rest on my phone now ....

O.k... fair enough... but I still would be speculating that it is going to be a bit difficult to get into bitcoin in the $350-ish zone and to be able to front-load... however, with $350, as opposed to $700, there was a considerably decent period of time in which to attempt to buy in  that  area.. even though probably the price in early 2016 tended to gravitate in the $400 area a lot more frequently during that particular consolidation period.

On the other hand, I will concede that both $350 and $500 are kind of important price points in BTC's 2016 history.. and kind of the beginning of the bull market that was kind of then uncertain... especially in early 2016 and the breaking out above $500 in late May of 2016.