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

[aesma]

I'm not yet counting in BTC because I have not enough coins. So in a way, I'm not wishing for a dip, but I'm not dreading it either, because it's an opportunity to buy more. Conversely when we were near the ATH and seemingly going to go higher, I was happy, but that was tempered with some regret because buying more would be difficult/expensive. I don't think I will be able to buy enough to be 100% happy at the next ATH, but I will feel better for having increased my stash.

[OutOfMemory]

Did it ever went down midcycle (similar position) below the prior ATH?
Nope. Therefore, unless we are witnessing something entirely new, somewhere around 25K could be a "natural" attractor because it corresponds to roughly 61.8% decline (Fib number) IF we will go below the prior one (50%, where we are right now, give or take).

Because of this, it either bounce here or at 25K (plus minus a thou or half a thou), IMHO.

With so many liquidated leveraged trades, the "bounce" will likely start as a "crawl".
But anyway, i'm good with how things are. Mostly anytime.

[ChartBuddy]

Explanation

[cAPSLOCK]

Did it ever went down midcycle (similar position) below the prior ATH?
Nope. Therefore, unless we are witnessing something entirely new, somewhere around 25K could be a "natural" attractor because it corresponds to roughly 61.8% decline (Fib number) IF we will go below the prior one (50%, where we are right now, give or take).

Because of this, it either bounce here or at 25K (plus minus a thou or half a thou), IMHO.

Actually I do not think the first big bull fit what you ask up there... but did it not have a sort of 2 part run?  We could certainly still do that.

And to your point that it might be doing something different this time... I would be very surprised if it didn't.  Well at this point it is becoming more impossible for it to really repeat itself.

[shahzadafzal]

"Bitcoin is an experimental digital currency"??

experimental??? still? It's been 12 years.... why it's still experimental?

https://github.com/bitcoin/bitcoin/

[Gyrsur]

[Agapios]

Okay f*****s who sold, you told me you are not selling, i thought we had a deal we are hodling
I am poor now

1 year ago i was ultra poor

Well back to cage to sleep for a few more years

Sarcasm press

[OutOfMemory]

Looking for a double bottom there?

[OutOfMemory]

Okay f*****s who sold, you told me you are not selling, i thought we had a deal we are hodling
I am poor now

1 year ago i was ultra poor

Well back to cage to sleep for a few more years

Sarcasm press

*yawn*
Who cares?
All that counts is who bought!
Do you know about Mindrust already?

[xhomerx10]

I'm thinking of buying a 3D printer, and I'm looking at the Anycubic Photon Mono, a resin printer, and maybe a Creality3D Ender-3 V2 for prints that don't need fine details.

I will mostly be printing stuff for model railways in H0 (1:87) scale so the resin printer will be for the small fine detail stuff and the other one for the rest.

They both seems to have good reviews and a reasonable price, do you guys have any comments or experience on these machines that you could kindly share?

 Get yourself a fume hood if you go with resin - the smell can be unbearable.

[explorer]

Some random lines on a chart

[luckygenough56]

"Bitcoin is an experimental digital currency"??

experimental??? still? It's been 12 years.... why it's still experimental?

https://github.com/bitcoin/bitcoin/

maybe because it hasn't evolved a bit since then and the average Joe can't grasp it preventing it to reach mainstream
But i get it security wise there's no doubt it has proven it is secure ans solid

usdt and stablecoins are the future  

3rd on marketcap, highest volume, doesn't compensate inflation tho but it doesn't lose 60% from one day to another. I mean one day you can buy a lambo the next a lada

[Gyrsur]

Looking for a double bottom there?

from March 2020 low at $3850 to April 2021 high at $64895 retracement of 61.8% is $27169 and retracement of 38.2% is $41576. we still have space to area of $27169 and area of $41576 is a strong resistance.

maybe we'll stay some time somewhere between for a while.

EDIT: page count is just 28850. looking for someone to blame on.

EDIT2: as you can see the absolute figures of changes of one bitcoin in USD are not in the wages region of the ordinary working class anymore. therefore the ordinary plebs can't handle that price jumps in absolute figures. sad.

[luckygenough56]

surely chart buddy is not to blame

[ChartBuddy]

Explanation

[Parazyd]

Andreas live doing his thing

+1 WOsMerit

https://www.youtube.com/watch?v=5bY4D33o5SU

I unlocked another achievement

[aesma]

I'm the kind of geek who could have bought a 3D printer 10 years ago but I just can't think of a use for it. Probably because I have limited space for now so no room for plastic stuff.

Could print some BTC coins I guess !

If they could print metal (well some can, but at crazy prices) then that would be another story.

[Biodom]

Looking for a double bottom there?

from March 2020 low at $3850 to April 2021 high at $64895 retracement of 61.8% is $27169 and retracement of 38.2% is $41576. we still have space to area of $27169 and area of $41576 is a strong resistance.

maybe we'll stay some time somewhere between for a while.

EDIT: page count is just 28850. looking for someone to blame on.

EDIT2: as you can see the absolute figures of changes of one bitcoin in USD are not in the region of the usual working class anymore. therefore the usual plebs can't handle that price jumps in absolute figures. sad.

yes, if you plot retracement for a move, but then, why not starting from 3.1K instead? If we count retracement from the top number, then it is more like $24790 for 61.8% fib.
Albeit, maybe you are more "right" and if counting from 3.1K, I am getting 26706, however, it is all a small argument (26.7 vs 27.2).
Clearly, 61.8% Fib (whichever you count), is somewhere between ~25K and 27K. I will be watching those numbers, it it ever comes to that.

[shahzadafzal]

Andreas live doing his thing

+1 WOsMerit

https://www.youtube.com/watch?v=5bY4D33o5SU

I unlocked another achievement

ok but what have you done to him?

[Gyrsur]

yes, if you plot retracement for a move, but then, why not starting from 3.1K instead? If retracement just from the top number, then it is more like $24790 for 61.8% fib.
Albeit, maybe you are more "right" and if counting from 3.1K, I am getting 26706, however, it is all a small argument (26.7 vs 27.2).
Clearly, 61.8% Fib (whichever you count, it is somewhere between ~25K and 27K). I will be watching those numbers, it it ever comes to that.

can't remember the deepest low after the bull run of 2017. if it was 3.1K then I also would prefer this low instead. you're right. we will see.

what clearly comes into my mind is with that absolute figures of price swings the average Joe is not able to handle it anymore because it's above the monthly wage of the most. the result is pure panic of small investors if the price is going down instead of going up.