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

[xhomerx10]

Actually, I was thinking about who Musk might be in the WO, and surely proudhon would be a decent candidate.

The general tone is in the right place, but does account age check out?

Proudhon's been around far too long to be Musk.

I can confirm. I am not Elon Musk.

proudhon is a Llama, not a Springbok.

Perhaps proudhon will give us some details on the upcoming Llama Price Movement, which could drop at any time.  I don't want to be anywhere close to that.

What you think about an Alpaca, they look really cute

 Cuter.

[xhomerx10]

WHAT WAS I THINKING?

https://streamable.com/09t2nu

  I'm not entirely sure but it seems like that dude lost something.

[AlcoHoDL]

Actually, I was thinking about who Musk might be in the WO, and surely proudhon would be a decent candidate.

The general tone is in the right place, but does account age check out?

Proudhon's been around far too long to be Musk.

I can confirm. I am not Elon Musk.

proudhon is a Llama, not a Springbok.

Perhaps proudhon will give us some details on the upcoming Llama Price Movement, which could drop at any time.  I don't want to be anywhere close to that.

What you think about an Alpaca, they look really cute

Cuter.

Cutest.

[Hhampuz]

What's happening now is exactly like 2017, I member. We are on for $100k April now confirmed!

[d_eddie]

What you think about an Alpaca, they look really cute

Yeah, it's really cute.

But for some reason I want to choke it!

Poor thing, noooo!

Alpacas are much tamer. Llamas can be quite nasty. Choke a llama instead. Protip: wear a mask. Or a helmet.

[d_eddie]

A slight OT in this camelidae thread. I'd like to talk about this thing - bitcoin, heard of it yet? - which they tell me is getting yuuge.

Recent price movement smells like fuckery to me. There could be two factors: taxes and expiring derivatives (options, options on futures, futures). Likely both.

As far as derivatives go, we may be able to time the spring-uppity reaction with some accuracy. So my question is: when do these important derivatives expire? Options should be today (Thursday usually). Does anybody know the exact time of expiry?

[Parazyd]

WHAT WAS I THINKING?

https://streamable.com/09t2nu

Low-key I hope it was some cloud wallet.

[JayJuanGee]

Looks like everyone waiting to sell at $51k is going to get their chance.

Telegraphing the next "smart" move of brokedummy...

Go figure.

I'm thinking we are in a down channel on the 2hr chart, with what looks like support some where around the 49 mark, but would be down at around the 47 mark within a few days, which is what the on chain analysis guys are saying is the support level.

Good thing about down channels is they almost always break to the upside and after which there is a nice long rally.

BTFD

Sell now (at $50,766) and buy back at $47,123... .. that is one way that BTC HODLers end up losing parts of their BTC stash - or even causing their own little selfies into becoming a disgruntled nocoiner.  #YMMV.. good luck.


Another more solid strategy remains something like what somac is suggesting.  If you have $2,000 that is available for BTC purchases and you don't know what to do exactly, you might set staggering BTC buy orders with that money.. such as buying $400 worth every $1,000.. $50,766, $49,766, $48,766, $47,766, $46,766.. or some other variation.. that may well include keeping some of that fiat (if that's all you got) in reserve in the event BTC prices go lower than $46,766.. and if that's all that you got, then you might consider setting buy orders that have greater spreads or go further down the price potentialities.. which may or may not happen.. Surely, the more spread out your buy orders down the spectrum of possibilities, the less money it seems with which you have to work.  

How you divide your budget, your BTC buy spreads and how far you go down in your consideration of BTC buys is going to vary depending on a lot of personal circumstances...

For example, I frequently consider that if I were to get a stash of money that I had not expected to have, then I would conceptualize that value into three categories:  1) buy now, 2) DCA, 3) buy on dips.. If you already have a system, then you just plug any extra value that you might receive into your already existing system in the allocation amounts that are comfortable for you that might include assessments of the level of the potential dip that may or may not continue to happen.  

The DOWNity is seeming pretty damned convincing at the moment, but frequently we see those kinds of momentums change all of a sudden and then they are over.. and sometimes they contain a pretty BIG ass candle or set of candles that give a stronger indication that the DOWNity is over.. at least for the time being.. in other words, its not over until its over.  Cry if you must and cry if you spent all your fiat at the $57k dip.

[brokedummy]

WHAT WAS I THINKING?

https://streamable.com/09t2nu

Low-key I hope it was some cloud wallet.

Elon Musk giveaway

[AlcoHoDL]

WHAT WAS I THINKING?

https://streamable.com/09t2nu

Low-key I hope it was some cloud wallet.

It was about Bitconnect, 3 years ago. The dude lost $30k on the Bitconnect scam.

I just edited the full video and posted it just for the lulz during the current Bitcoin dump.

Feeling sorry for the dude, but that's what greed + ignorance can do to you...

[philipma1957]

Still buying dip.

I will grab some more later today

[greensheep]

What you think about an Alpaca, they look really cute

Yeah, it's really cute.

But for some reason I want to choke it!

It's a normal thing https://en.wikipedia.org/wiki/Cute_aggression

[BobLawblaw]

*sighs*

Guess I'm not done buying yet.

[LFC_Bitcoin]

*sighs*

Guess I'm not done buying yet.

Bob, you’re a degenerate

I’m actually done buying now until we start the multi year bear (probably in 2022).

[d_eddie]

Ehm... I am not done yet 

[JayJuanGee]

WHAT WAS I THINKING?

https://streamable.com/09t2nu

Low-key I hope it was some cloud wallet.

It was about Bitconnect, 3 years ago. The dude lost $30k on the Bitconnect scam.

I just edited the full video and posted it just for the lulz during the current Bitcoin dump.

Feeling sorry for the dude, but that's what greed + ignorance can do to you...

This is a decent representation of what happens (or could happen) when a person has:

1) no long-term plan, such as 4 years or more and even better to try to set up a plan that is 10 years or more

and

2) does not seem to understand the difference between bitcoin and the amorphous concept of "crypto" (or substitute "defi," or "ICO" or "bitconnect" or shitcoin including ethereum or others or one of the other flavors of the month ways to "get rich quick").

@HODLcelsius
March has historically been a bad month for #bitcoin  

The last 8 out of 10 March’s have been negative, and this will make it 9 from 11.

April on the other hand 📈 👀

#HODL
https://twitter.com/hodlcelsius/status/1375070735849426948?s=21

There is a lot of presumption contained in that post, and some other posts that presume that BTC is going to close in the negative for March.

Remember we opened March at $45,262, so March is still $5k-ish to $6k-ish in the green.. and even we had an ATH this month that was on March 13 and over 21% greater than current prices  ($61,782 as compared to current prices of around $50,766)

https://www.tradingview.com/chart/?symbol=BITSTAMP:BTCUSD#

Of course, anything can happen in the next 6 days to close the monthly candle.. and sure there might be some incentives to get the monthly (and even quarterly) candle to close in a "low" kind of way... but such a low closing would not necessarily be either bearish or even sustainable.. but hard to really make fair assessments merely based on such seemingly quasi-random indicators that are framed in monthly terms and also failing/refusing to account for context... repeating myself again... but whatever.

Actually, I was thinking about who Musk might be in the WO, and surely proudhon would be a decent candidate.

The general tone is in the right place, but does account age check out?

Proudhon's been around far too long to be Musk.

I can confirm. I am not Elon Musk.

proudhon is a Llama, not a Springbok.

Perhaps proudhon will give us some details on the upcoming Llama Price Movement, which could drop at any time.  I don't want to be anywhere close to that.

What you think about an Alpaca, they look really cute

Alpaca socks are the best socks.
Alpaca knit hats are the best hats.

Back to BTC I purchased the dip today in all 3  of my PayPal btc holdings.

To those that think my PayPal BTC holdings are not pure enough oh well.



To those that read closely my PayPal holdings are only btc and are under 10% of my btc holdings

Upon your request (and per your suggestion).  It has been decided (another way of saying "we) that your paypal BTC exposure is insufficiently pure, and therefore you suck.  

 

@HODLcelsius
March has historically been a bad month for #bitcoin 

The last 8 out of 10 March’s have been negative, and this will make it 9 from 11.

April on the other hand 📈 👀

#HODL
https://twitter.com/hodlcelsius/status/1375070735849426948?s=21

It is exactly what I said few days ago to @JayJuanGee...

But he considered my answer as stupid.

"He" (the royal he) considered your answer stupid for reasons contained in his responsive posts.

By the way, the ideas contained in a post (referring to yours in regards to March.. blah blah blah) do not become more correct, merely based on repetition.. or even if the predictions of the dumb ideas contained therein end up coming true.

[cAPSLOCK]

Eek.  If my line is right... we are in for some rough waters...

*edit* On the daily we are still good... barely.

 Stop doing whatever it is you're doing!  You're making Bitcoin fall!

 edit: it looks like that line you drew might be support again.  Seems to be oscillating over it.
 edit2: shit.  Anyway, I wont be able to watch - I have to go to work

Well all my silly lines are busted... but now we are bouncing off the way more important 50dma.  So if it breaks under that it ain't my fault!

Well, and I REALLY do not want to see it break under that one... :/

[cAPSLOCK]

How they try to free that ship in the Suez Canal.

This MAY be the best gif ever.

[JayJuanGee]

What's happening now is exactly like 2017, I member. We are on for $100k April now confirmed!

tell us, Hhampuz, in what part of 2017 are we because a lot happened in 2017 and there are various parts that are somewhat different from other parts, even if the parts can be chronologically strung together.

Eek.  If my line is right... we are in for some rough waters...

*edit* On the daily we are still good... barely.

 Stop doing whatever it is you're doing!  You're making Bitcoin fall!

 edit: it looks like that line you drew might be support again.  Seems to be oscillating over it.
 edit2: shit.  Anyway, I wont be able to watch - I have to go to work

Well all my silly lines are busted... but now we are bouncing off the way more important 50dma.  So if it breaks under that it ain't my fault!

Well, and I REALLY do not want to see it break under that one... :/

I just checked with bitcoin, and s/he/it is considering what you want.  You will hear back later, aka soon.^tm   

[JohnBitCo]

Something's interesting.

History Repeating