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

[Leviathan.007]

BTC/USDT 2H



Hey fellas. As you can see here on the chart, in 2 hours time frame price is moving on a descending channel. Due to the channel reaction, Fibonacci level and 100 days moving, we expect the resistance area @9550-9700. Our important support area will be @9250, if it fails and break the support area, we will continue the downward trend until 8800-8300. The rest of the resistance and support areas are shown in the picture above.

Since I've got some motivational feedback and huge amount of profit in the previous analyze I shared here on 13th June. I made a decision to share another analyze here. But, as I said on my thread these analyzes should not be used as trading signals. Could be nice if comment and share with me your point of view about my analyzes.

[dragonvslinux]

I am willing to take the risk.

Golden rule: don't risk more than you could afford to lose.  

Translation: Risk as much as you can afford to lose.

[mindrust]

I am willing to take the risk.

Golden rule: don't risk more than you could afford to lose.  

Translation: Risk as much as you can afford to lose.

It goes both ways. Whether it is FIAT, gold, crypto, stocks or pokemon cards...

Risk management.

If it is risky, depending on how greedy you are, you either put more or less money on that asset.

[bitebits]

Define risk. There for example is quite some risk getting more dollars for your bitcoin at a future date.
Some people don’t like taking that risk.

[mindrust]

Define risk. There for example is quite some risk getting more dollars for your bitcoin at a future date.
Some people don’t like taking that risk.

What Is Risk?
Risk is defined in financial terms as the chance that an outcome or investment's actual gains will differ from an expected outcome or return.

In my opinion risk usually translates into volatility on charts.

The more wildly it goes up and down, it means the more risky the asset is.

Not always but usually that.

Read the bold part, it means you may make more or less value than what you expected.

[Millionero]

Some weeks ago there was a discussion here of risk vs volatility and so on, and somebody posted the mathematical definition of risk (in the context we're discussing).  It's not volatility.  Anybody can link to that?

[El duderino_]

I am willing to take the risk.

Golden rule: don't risk more than you could afford to lose.  

Or take a good risk with insane fundamentals and potential... and adjust your lifestyle if things get difficult on the way

[mindrust]

I am willing to take the risk.

Golden rule: don't risk more than you could afford to lose.  

Or take a good risk with insane fundamentals and potential... and adjust your lifestyle if things get difficult on the way

Indeed, If the fundamentals of the asset are stronk af, that's the route you should pick. Can't deny that.

But then, that's not taking risks if the you are 100% sure about the potential and the fundamentals of the asset (you know something that others don't) that is being clever than the rest. That's when you go all-in.

If there is one thing I am sure about, it is that I can't be 100% sure about anything.*   %99.99 maybe, not 100%.

That means I am not sure about this* neither. Whoops.

[machasm]

I am willing to take the risk.

Golden rule: don't risk more than you could afford to lose.  

Or take a good risk with insane fundamentals and potential... and adjust your lifestyle if things get difficult on the way

Indeed, If the fundamentals of the asset are stronk af, that's the route you should pick. Can't deny that.

But then, that's not taking risks if the you are 100% sure about the potential and the fundamentals of the asset (you know something that others don't) that is being clever than the rest. That's when you go all-in.

If there is one thing I am sure about, it is that I can't be 100% sure about anything.*   %99.99 maybe, not 100%.

That means I am not sure about this* neither. Whoops.

Sorry mindrust but this just sounds like pussy talk to me.
The WO gang have balls of steel.

[AlcoHoDL]

@mindrust: I'll say this, with good intentions:

I fear that you're going to feel really bad soon... To the point of going insane. Just try to prepare yourself psychologically for this eventuality.

[mindrust]

@mindrust: I'll say this, with good intentions:

I fear that you're going to feel really bad soon... To the point of going insane. Just try to prepare yourself psychologically for this eventuality.

I don't believe I will.

I mean I still got both my arms and legs, didn't get covid19 (yet), got some decent FIAT in my bank, still making money from my work, I don't expect to get struck by lightning soon neither, even though the possibility is not zero.

What if BTC goes to new ATH's? Why would I be mad about it? I already got some exposure there. If it goes up a lot, that's fine. It is free money anyway.

I didn't suicide for not buying btc from $100 even though I saw it exactly at that price. Why now...

No thanks I am fine, hopefully will  keep being fine.

[Paashaas]

I am willing to take the risk.

Golden rule: don't risk more than you could afford to lose.  

Or take a good risk with insane fundamentals and potential... and adjust your lifestyle if things get difficult on the way

I went all-in Bitcoin. Never had any regret, fundamentals has always been rock solid.

[El duderino_]

@mindrust: I'll say this, with good intentions:

I fear that you're going to feel really bad soon... To the point of going insane. Just try to prepare yourself psychologically for this eventuality.

I don't believe I will.

I mean I still got both my arms and legs, didn't get covid19 (yet), got some decent FIAT in my bank, still making money from my work, I don't expect to get struck by lightning soon neither, even though the possibility is not zero.

What if BTC goes to new ATH's? Why would I be mad about it? I already got some exposure there. If it goes up a lot, that's fine. It is free money anyway.

I didn't suicide for not buying btc $100 even though I saw it exactly at that price. Why now...

No thanks I am fine, hopefully will  keep being fine.

@mindrust.... you always have had a solid DCA strategy for everyone to follow, Pitt you didn’t followed it yourself...

For the rest you fall under the people of the famous Satoshi quote, we all know which one

“ If you don't believe it or don't get it, I don't have the time to try to convince you, sorry”

I honestly do feel sorry as a member as long involved as you... that this line is appropriate to your case...

[mindrust]

My DCA strategy was going rock solid while I wasn't greedy, the moment my greed took over, It stopped working.

I have a new strategy now...

It will work unless it doesn't. I am not willing to share the results here though.

[El duderino_]

My DCA strategy was going rock solid while I wasn't greedy, the moment my greed took over, It stopped working.

I have a new strategy now...

It will work unless it doesn't. I am not willing to share the results here though.

You can share everything.... though I don’t think it’s very informative whiteout something of BTC supporting it...

Though I do hope you buy back 1 coin and slowly buy when possible

[mindrust]

Though I do hope you buy back 1 coin and slowly buy when possible

I will get to 1 full coin. (at least) Not instantly but I will.

[El duderino_]

Though I do hope you buy back 1 coin and slowly buy when possible

I will get to 1 full coin. (at least) Not instantly but I will.

Good then your future is set

[mindrust]

Though I do hope you buy back 1 coin and slowly buy when possible

I will get to 1 full coin. (at least) Not instantly but I will.

Good then your future is set

Not sure about it. To me, it is just another fun lottery ticket.   I stopped being so obsessive with bitcoin or crypto. Chasing some other obsession now.  

Found some other way to keep my brain busy.

[El duderino_]

Though I do hope you buy back 1 coin and slowly buy when possible

I will get to 1 full coin. (at least) Not instantly but I will.

Good then your future is set

Not sure about it. To me, it is just another fun lottery ticket.   I stopped being so obsessive with bitcoin or crypto. Chasing some other obsession now.  

Found some other way to keep my brain busy.

I just don’t hope it’s a financial one that requires good judgement and decisions

[mindrust]

I just don’t hope it’s a financial one that requires good judgement and decisions

Nope, I learned to not get emotional or obsessive with my financial decisions. My finances will do well automatically without me interfering.

It is something else man it feels so good you all need to try some of that stuff but no I'll keep it to myself.