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

[ChartBuddy]

Explanation

[1714821052]

1714821052

[somac.]

Weak as piss right now. Everybody waiting for the weekend low to then buy on the Sunday. Perhaps we are doing the below.



Edit: difficulty (-16%) change coming up in about 10-12 hours too. It will be interesting to see how decongested the mempool becomes at that time. With complete lack of demand right now I think it will empty it almost entirely.

[philipma1957]

it is a constant learning process for the new among us and also for the weak hands
and actually it is quite simple - hodl


https://twitter.com/LinaSeiche/status/1398509825714057225

Correction buy the dip and hodl


I have buy and sell ladders. And hodl more in a cold wallet.

I just made a demo set of buy and sell ladders to show below.

this about 360usd in buys and 0.0107 btc in sales.

Maybe 700-800 usd  on the exchange mix of usd and btc.

and hodl say 5x or 10x that off line. visit it on the 4th of each month to shift and or alter if needed.

[LFC_Bitcoin]

Starting to feel like there’s going to be a dump to low 30,000’s this weekend. Hope I’m wrong but the bulls just seem impotent at the moment.

Concerning times......

[somac.]

Starting to feel like there’s going to be a dump to low 30,000’s this weekend. Hope I’m wrong but the bulls just seem impotent at the moment.

Concerning times......

Yep the fear is real, nobody other than the very experienced bitcoiner wants to buy right now it seems. Under 30k seems guaranteed right now. Our only hope, and is the hope I am holding onto, is for a 2013 repeat, just not as massive but at least doubling ATH.

If that doesn’t happen, it is going to be a very long 4 unhappy years.

Best we can hope for today is a bounce at 32k I reckon.

[El duderino_]

First of all already one year has past away in reaching the next halving.... second people really losing there mind fast.... first question do you really need the FIAT and if you really needed it, then 50-60k was a long period and nice price to take a little to cover stuff....

But to many negativity from experienced hodlers imho

[somac.]

First of all already one year has past away in reaching the next halving.... second people really losing there mind fast.... first question do you really need the FIAT and if you really needed it, then 50-60k was a long period and nice price to take a little to cover stuff....

But to many negativity from experienced hodlers imho

There is a lot of negativity, from me included. I think this is justifed though as we have falling harder and farther then most imagined and without a bounce. We also did this when bitcoin hadn't even gone parabolic. 2013 had a decent correction but that was only after a parabolic move.

Apart from the mass negativity, and global fiscal and monetary backdrop, what positives are there right now? And will those positives be able return us to a bullish trend over the next few months. I suspect the FUD attacks are still not over yet, they will slowly lose affect but probably not yet.

We may recover quicker than say 2024, but it is still looking like it will be a decent amount of time.

[El duderino_]

Observing weird trades imho....

[Gyrsur]

[philipma1957]

First of all already one year has past away in reaching the next halving.... second people really losing there mind fast.... first question do you really need the FIAT and if you really needed it, then 50-60k was a long period and nice price to take a little to cover stuff....

But to many negativity from experienced hodlers imho

They need a shift kick in the fucking ass.

Lack of testicles  or to quote a Staten Islander they have "Tick balls"

[xhomerx10]

It seems like some of you could use some hope.

https://www.hope.com/

 compliments of Michael Saylor


edit: some rather than come - doh!

[ChartBuddy]

Explanation

[ssmc2]

https://twitter.com/DaanCrypto/status/1398578848309157893?s=19

[ssmc2]

HODL

[somac.]

First of all already one year has past away in reaching the next halving.... second people really losing there mind fast.... first question do you really need the FIAT and if you really needed it, then 50-60k was a long period and nice price to take a little to cover stuff....

But to many negativity from experienced hodlers imho

They need a shift kick in the fucking ass.

Lack of testicles  or to quote a Staten Islander they have "Tick balls"

Don't think any of us have actually sold though, in fact I've been buying (everytime I get paid), because that's what you do in dips. LFC bought all his back too I think. But It's realistic to look at this run and think it may be over due to what we've seen.

In the last cycle ATH everybody was still adament the bull run was not over even after it had dipped 50%, there were some recoveries and I remember Bob retired on one of those. But many (Jay specifically) were denying it for a very long time and only after it went through the 6k level did that actually convince the die hards.

I think its sensible to think that a >50% dip could indicate a bear market. Hopefully, it's not long though and we see a 2013 scenario. A 2013 would make sense with what's going on in the world right now, and the interest we are seeing from the big names. But a 50% correction is pretty fucking decent, that's what happened to stocks in 2007.

[somac.]

HODL

Seriously man that picture was posted 2 pages ago. You should also reference it as it is not your picture.

[Sayeds56]

HODL

Seriously man that picture was posted 2 pages ago. You should also reference it as it is not your picture.

sorry I didn't see that post. Anyway I have deleted my post. thanks

[ivomm]

First of all already one year has past away in reaching the next halving.... second people really losing there mind fast.... first question do you really need the FIAT and if you really needed it, then 50-60k was a long period and nice price to take a little to cover stuff....

But to many negativity from experienced hodlers imho

They need a shift kick in the fucking ass.

Lack of testicles  or to quote a Staten Islander they have "Tick balls"

Don't think any of us have actually sold though, in fact I've been buying (everytime I get paid), because that's what you do in dips. LFC bought all his back too I think. But It's realistic to look at this run and think it may be over due to what we've seen.

In the last cycle ATH everybody was still adament the bull run was not over even after it had dipped 50%, there were some recoveries and I remember Bob retired on one of those. But many (Jay specifically) were denying it for a very long time and only after it went through the 6k level did that actually convince the die hards.

I think its sensible to think that a >50% dip could indicate a bear market. Hopefully, it's not long though and we see a 2013 scenario. A 2013 would make sense with what's going on in the world right now, and the interest we are seeing from the big names. But a 50% correction is pretty fucking decent, that's what happened to stocks in 2007.

I agree that this could be the beginning of  a bearish period. But it seems to me that you concentrate too much on the 50% correction as if this is something much different than the multiple 40%+ corrections we had in 2017. In fact, it is only 10% bigger. Why should it matter so much? Besides, we've had only 2 weeks of this dump. On the 3rd week we've had some recovery and we are now 15%+ the bottom. If each week that follows this 15% increase to the previous is being kept, then in 6-7 weeks the price should return to 60K. On the other hand, if we repeat the 2018 market which was after a 33x increase, the price may fall 70% which is around 19K. But is this realistic and for how long it will last? To stay one year and then another 50% drop below 10K? I really doubt that this is what is going to happen. But of course there are enough twitter pundits who have such wet dreams. So, in case bears try to dump below 30K, load your excanges with fiat and BTFD! Btw, the lower 2x line shows that the minimal price at the end of 2022 should be $51200. This should give you a hint that a prolonged bear market after only a 6x increase from the last year is theoretically improbable and practically impossible.

[El duderino_]

[El duderino_]

Many compare a bearish period to much with an actual bearmarket...

Many in need for their big boy pants