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

[Gatorelf]

What does that mean? 

First thing that comes to my mind is Hump Day!

yeh she got hotter the older she got 

[1715533739]

1715533739

[1715533739]

1715533739

[1715533739]

1715533739

[Arriemoller]

Yeah, if CB is annoying you just ignore it. Easy enough.

(And hi to future generations. Yes, KNC titans are still fucking profitable which is a wonder of the world)

I have chartbuddy and JJG on ignore. It's no less irritating to see a page full of ignores.

And I also like to whine sometimes.

[JimboToronto]

ChartBuddy's life matters.  #just saying

Thank you for stopping the run of consecutive crybaby whines at 5.

[suchmoon]

I have chartbyddu and JJG on ignore. It's no less irritating to see a page full of ignores.

You're like an old hag in a titty bar. Just move on and find something productive to do with your life. Or does whining making it less irritating?

[JayJuanGee]

Healthy indicators that Bitcoin is going to pump, but the question is when.

              
https://twitter.com/misconfig_exe/status/1405252683431178240           

Of course, trend identification is true until it is not.... but still shows that we are NOT in "unprecedented" territory like some nonsense spreading folks attempt to proclaim... in their lil dramatic kinds of ways.

Hey my  future kids,

Your dad is on Page #29000 of the best documentary archival post on this forum.

Much love.

Yeah.. good luck with that daddy wannabe.

You should have said "28000" just to provide ur lil selfie with erosion insurance.

Just wanna be part of page 29000

Good luck with that ephemeral (roulette wheel) concept.   

[ChartBuddy]

Explanation

[Arriemoller]

I have chartbyddu and JJG on ignore. It's no less irritating to see a page full of ignores.

You're like an old hag in a titty bar. Just move on and find something productive to do with your life. Or does whining making it less irritating?

Yes it does, it's kind of like letting out steam.

And whining can be productive sometimes, it takes very, very little of my time anyway, so lots of time to do other things.

[Arriemoller]

ChartBuddy's life matters.  #just saying

Thank you for stopping the run of consecutive crybaby whines at 5.

So bots do care about each other. Or are you just afraid you will be next? 

[JayJuanGee]

Healthy indicators that Bitcoin is going to pump, but the question is when.

[img =400]https://i.imgur.com/RFbcH1b.png[/img]               [img =400]https[Suspicious link removed]/status/1405252683431178240                 https://twitter.com/crypto_birb/status/1404844613677076495

I would highly recommend you guys DYOR and not refer to the cheerleaders who literally run paid groups & bank on generating hype.  Also Birb publicly called me out when I called top at ~$58k so maybe I just dislike the guy on principal.  

FWIW, there's a non zero chance we see lows between $10k and $15k (should the downtrend resume).  Yes that sucks, but that's what the charts are telling anyone who knows what they're looking at.  We have just completed wyckoff distribution and are at a pivotal point now.  Distribution actually has measured target moves, 2 in this situation: Around ~$30k and another much lower.  It all comes down to the market and if enough *new* money is there to turn the downtrend around and send it north again.  Said another way, there are 2 scenarios I'm observing.  Scenario 1: $30k was the bottom and all is well.  Scenario 2: $30k wasn't enough and the downtrend continues painfully.  Think 2018 bear market pain.  

My intention is not to cause pain or bring FUD, it's just to lay things out as black-and-white as I can based on TA only.  I don't use any fundamentals/news in my analysis.

Quick edit to add: Price is still below the 20 week moving average which historically been the "gg" signal, where the game changes more to "sell the pump" rather than "buy the dip" until an extended period of consolidation occurs.  Talking months, not weeks.  If price is able to reclaim the 20 week EMA (now around $42k), then we're good.  Until then, be cautious and for god sake limit your margin.  There is no bullish trend currently, regardless of what Crypto Twitter tells you.

Hard to take you seriously crypt0jack, when you come in and act like you are the smartest guy in the room.

Your points are not really bad, but they are a bit arrogant and also seem to be failing/refusing to adequately account for credible and currently valid BTC price prediction models merely because you seem to be wanting to assign higher probabilities to down than it rightfully deserves.

Furthermore, have you ever heard of preparing for either BTC direction?  or are you thinking that it is better to prepare for down and just presume that people (whether we are referring to no coiners, fence sitters or precoiner or underallocated peeps), who already have a tendency to way too much inadequately prepare for UP.

https://cointelegraph.com/news/millionaire-whales-gobble-up-90-000-bitcoin-over-past-25-days?fbclid=IwAR1oU25U-N6LS4mblteedUZSrAsx02USMOlDRYChmIGTyTEq2WUa7DSvQRo

There was a time we where screaming for page parity…. Those times where only few months back….

Now we never want page parity again  

Next target: Post Parity!

Fair enough.

Seems like a long shot for this cycle, but surely within reach.

Seems a bit more likely for next cycle.. even though not guaranteed but seemingly more within reach..

Can you imagine?  $600k-ish for this cycle?

That last link of the two graphs by Paashaas did show that there tended to be around a 10x or more bounce after the 61.8% retracement.. and surely that seems a bit much to put us at $300k plus.. but of course, we have seen overshooting happen as well, even though of course, we do have to acknowledge that higher market cap does require quite a bit more capital in order to get the same kind of percentage pumpenings as we had experienced historically.. and sure we do see that there does seem to be quite a bit of capital coming into the bitcoin space, so a BIG question is: "is it enough?"  "is it enough?"

ChartBuddy's life matters.  #just saying

Thank you for stopping the run of consecutive crybaby whines at 5.

So bots do care about each other. Or are you just afraid you will be next?  

You talking to me, Willis?

I thought that I be ignored?  go figure?

[Arriemoller]

What now, why price go down yo?

[JayJuanGee]

What now, why price go down yo?

The true be dat uie poo-ie whine too muchie about known to be acceptable bots and about yours truly.

King daddy is specifically punishing uie pooie.

Sorry to break dee newses.

You are the reason why we cannot have anything nice.

 

[Gyrsur]

What now, why price go down yo?

More sellers than buyers?

[LFC_Bitcoin]

What now, why price go down yo?

Seems to always happen at the same time of day. I’m kinda clucking for a breakout to the upside man. Price very underwhelming atm, hope we see some uppity soon.

[Gyrsur]

if it turns at the second HL everything will be fine thanks to Wyckoff.

L-H-HL-HH-HL

[bitebits]

"Exchanges net bitcoin balance (30d) has flipped negative, following a large amount of inflows over the previous two months."


https://twitter.com/BTCization/status/1405575541063925768

[Hhampuz]

Imagine if you sold in March 2020

[ChartBuddy]

Explanation

[Hueristic]

Yeah, if CB is annoying you just ignore it. Easy enough.

(And hi to future generations. Yes, KNC titans are still fucking profitable which is a wonder of the world)

I like it and have it on ignore and just look at it when I want the latest info.

Some people just like to complain and sometimes it works as the vocal minority gets its way alot in this world.

Unfortunately for them we are not so manipulated here.

[Gyrsur]

it is always the same. don't get fooled by the smarter ones.

Wyckoff Price Cycle

According to Wyckoff, the market can be understood and anticipated through detailed analysis of supply and demand, which can be ascertained from studying price action, volume and time. As a broker, he was in a position to observe the activities of highly successful individuals and groups who dominated specific issues; consequently, he was able to decipher, via the use of what he called vertical (bar) and figure (Point and Figure) charts, the future intentions of those large interests. An idealized schematic of how he conceptualized the large interests' preparation for and execution of bull and bear markets is depicted in the figure below. The time to enter long orders is towards the end of the preparation for a price markup or bull market (accumulation of large lines of stock), while the time to initiate short positions is at the end of the preparation for price markdown.

EDIT: OK, I understand the issue that someone can claim at: my posts are always from an investor view and not from a (day) trader view. that means I take a look around the 4 hours chart. if you go as a day trader than Wyckoff will also work and we are in a markdown on a 5 minutes chart (e.g.) with an accumulation phase to follow.

[ivomm]

What now, why price go down yo?

Seems to always happen at the same time of day. I’m kinda clucking for a breakout to the upside man. Price very underwhelming atm, hope we see some uppity soon.

This is starting to look like the 10K battle last year, which was pretty long and annoying. I think that the problem is in Binance. This is the leading exchange with the highest volume and high frequency trading. They also have derivate products, which adds pressure on the price too. This is the only exchange which doesn't have a sharp decline of its bitcoin reserve in the last year. But the pattern is very different than in the last year. Now, we can see clearly how for 12+ consequtive hours we have red candles, then 12+ hours green and so on. So either more people are online at the same hours each day taking profits or stop losses during the red hours, or a whale who has 10K+ coins is manipulating the price by squeezing the high leverage longs on all derivate exchanges. I think that the probability for the latter case is higher, since the total loss for the spot exchange trend followers, doing that dumping, will be close to 100%. In either case some good news or a whale buyer can destroy in a week this pattern by 1-2 massive short squeezes. Clearly the current price is 2-3 times below the fair price. So this gambling can't last much longer. Therefore, we need patience, as always. The FOMO bull run hasn't even started yet, the last 65K ATH was just a warm-up.