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

[Diced90]

Did you buy the dip??? Those that have are now relaxed but those that haven't are still waiting for the dip even though moments ago there was one opportunity...




The point is that you can't really time the market, and as soon as you realize that you should turn to something called DCA or Dollar-Cost Averaging

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[ChartBuddy]

Explanation

[Richy_T]

Presuming that you are building it rather than a premade, since you continue to mention lumber prices.. and sure, I suppose if you order a premade.. they are quoting you based on then lumber prices.

Do you already have your workers lined up, or you building it yourself?

While I have nothing against buying pre-prepared (kit would have been more likely than a premade. Access is tricky), I couldn't find a design that was quite the way I liked. So self-built it is. Wooden boxes are not exactly rocket science after all.

Nothing like maintaining symmetry with the neighbor.  #nohomo

It may be a little taller

[Richy_T]

Thats funny its the bad actors we are trying to get away from that we are forced to deal with in the current system.

Nothing like main stream reporting to not have a clue.

At this point, mainstream reporting can be regarded as actively malicious.

[Copetech]

Presuming that you are building it rather than a premade, since you continue to mention lumber prices.. and sure, I suppose if you order a premade.. they are quoting you based on then lumber prices.

Do you already have your workers lined up, or you building it yourself?

While I have nothing against buying pre-prepared (kit would have been more likely than a premade. Access is tricky), I couldn't find a design that was quite the way I liked. So self-built it is. Wooden boxes are not exactly rocket science after all.

Nothing like maintaining symmetry with the neighbor.  #nohomo

It may be a little taller

Add YEARS to your investment and save your thumb, Use Coated screws rather than nails! Look into the Ondura corrugated Asphalt roofing panels. Pretty decent look and a helluva lot easier and more durable than shingles. And hell yeah at least 6 inches taller than the neighbors!

[JayJuanGee]

My experience: You can only be worried about money if you have money you don't want to lose, for any reason.
No money, no worries (about money).
No woman, no cry.

Money well gives you security, which again, is not happiness. Well, maybe happiness is sometimes dependent on security. But it's not the same at all.

You have to realize that your personal experience does not apply to the whole population.
You might not get happier if you get rich, but the majority of people do, as shown by science, and me.

In this one you are simply wrong I'm afraid.

Still, it's not the money that makes you happier. It are the things it buys you, aren't they?
So i stand by my point, people get happier if they get rich, because they know how money makes them able to buy things that make them happy.
BUT many things make you happy only for a short time. So people want "more happy", buy more things. The old supercar isn't super anymore? No problem, buy a new one. Enjoy it until you see the next, even more super supercar. The moment you know there is a better one you want to have, you're unhappy (about still having the old one).

Not sure about this. Wasn't freedom what we were looking for? The "fuck you" level?

There is something that seems quite correct about what you are saying friends1980.

Seems to be a lot of generalizations when people are proclaiming that money is not going to bring happiness, and sure maybe many of us do not really know what we want, for example.

For sure there are a decent number of advantages in having a job, and getting some status and connection through having a job, and so some of us may well get to fuck you status, but not know what to do with our independence.

There's a lot of unseen continuous costs coming with "things", be it a house, a car, a laptop or a TV: taxes, storage room, subscriptions, memberships, repair and maintenance etc.

If we worked much of our lives and we maintained a kind of lifestyle, we should realize how much money we need to flow in order to maintain our previous lifestyle, but if all of a sudden, we no longer are tied down geographically because we do not have the job that ties us down, then surely those kinds of new factors could screw up our perceptions regarding some of the ongoing expenses that we would have after reaching fuck you status.. and so perhaps some recalculating and reconsidering might have to take place and those kinds of recalculations and reconsiderations might bring unhappiness of having to realize that it still takes some work to be able to manage funds and prepare to be able to sip piña colatas on the son of a beach.

Buying more things is not the right way of maintaining fuck you level, mate.

For sure, there can be some satisfaction to be able to buy whatever you want.. but surely point taken about merely buying a bunch of things might not be enough to provide satisfaction/happiness in and of itself.

After all this hodling and determination for years and years to get this virtual money running, are you really going to find happiness in spending your profits on material stuff? Not saying you're wrong or right, only that I have other plans.

I bet that many of us here will end up attempting some kind of transition into richie status and to learn richie status, presuming that there are a decent amount of us who become quite a bit MOAR better off because of our involvement and ongoing involvement in bitcoin.

Sure, there can be problems with getting too richie too quickly, which might also cause some confusion in regards to cashing out too many BTC too soon and therefore valuing too much wealth in terms of fiat and realizing that there might not be a lot of good places to put such wealth.. so there are surely likely to be a quite a few variations regarding how richie status is treated whether already having had gotten to a kind of richie status or even getting closer to richie status and realizing along the way that some changes (improvements) are likely on the way.. or "in progress."

Some of us are already expressing some of our various ways of having more material satisfaction and even satisfaction of having more time to do what we want, whether relaxing or spending time with hookers, lambos and blow... not that we necessarily tell all of our sordid details on all wealth enjoyment topics.

(FYI if I'm not mistaken, the true meaning of "No woman no cry" is actually "No woman, don't cry")

I have noticed as well that women do cry sometimes, at least the human ones.

[ChartBuddy]

Explanation

[dragonvslinux]

In theory there is no resistance anymore until $50K or so, but it seems to be struggling although it is still gradually moving upwards.

End of Day analysis as a quick answer to the golden question: "what's holding the bulls back, there is no resistance". I'd argue it's currently the 0.5 fib retracement level (also previous breakdown level) from the ATH to the swing low @ $46,747.



Call it one of those "coincidences", but it is something that longer term investors are looking at. There is confluence with the 0.382 previously acting as resistance @ $42.464, followed by the 0.618 "expected" retracement level around $51K - notably around the level most are expecting the price to pump to in the short term. The lack of volume on OG exchanges such as Bitstamp isn't helping bullish confidence either. This is far from bearish analysis, but rather intended as educational and informative.

Since $40K we did enter a nice volume gap, indicating that there isn't much resistance to the upside, while there is enough support built below that price is now above. The psychological fear of losing the 200 Day MA may play a big factor in the coming days, with memories of the 2020 breakdown we witnessed when price fell below this MA, even if this isn't a time to panic over covid. It's likely price will make a decisive move either above the 0.5 fib, below the 200 Day MA, or both.

The 21 Day MA is rising sharply and is the first line of defense for the bulls at $41,123 followed by strong volume support at $38.5K. Some feel a break of $40K will be catastrophic and indicate lower lows, but I'm far from convinced. It seems more likely a wick below $40K will have the same effect as when price wicked below $30K - price will get bought back up quickly by institutions who either missed out or already bought the 50 Week MA support, so as to increase exposure or finally gain some.

This is certainly no time to be panicking, this is a time for patience. As others have already posted, the fundamentals are strong from many different perspectives and the institutional demand remains high.

I'd otherwise argue we are simply "on course". We got rejected by resistance for the 3rd time around $40K, found volume support from $38.5K, then broke resistance that can now act as support if necessary. The mid-level of log growth around $50K may be another hurdle however, but this is another story for another time. This is still arguably one of the best buying opportunities since 2012, believe it or not.

[Copetech]

Thats funny its the bad actors we are trying to get away from that we are forced to deal with in the current system.

Nothing like main stream reporting to not have a clue.

At this point, mainstream reporting can be regarded as actively malicious.

MSM and most of the large international corporations are looking at @ 1.5 BILLION people under absolute control of the CCP. They weigh their options and figure a majority of the other 4/5ths of the population of the world will not put 2+2 together and keep tuning in... but if they go against the clear dictates of the Communist Chinese they will absolutely be cut off from that 1.5B market 100%!

Sad fact, although we're all suffering consequences of the CCP's decisions the absolute worst effects are felt every day by those 1.5B Chinese citizens.
After the Holocaust we all said "Never Again!"... Really?

[Toxic2040]

the evening wall report

Reality is beginning to sink in on bearish forces as shock and dissension permeates their ranks with some even capitulating to the seemingly endless bull advances. 




dyor


1h



4h



D

stronghands

[philipma1957]

Presuming that you are building it rather than a premade, since you continue to mention lumber prices.. and sure, I suppose if you order a premade.. they are quoting you based on then lumber prices.

Do you already have your workers lined up, or you building it yourself?

While I have nothing against buying pre-prepared (kit would have been more likely than a premade. Access is tricky), I couldn't find a design that was quite the way I liked. So self-built it is. Wooden boxes are not exactly rocket science after all.

Nothing like maintaining symmetry with the neighbor.  #nohomo

It may be a little taller

I will tell you years ago say 1994 I built the sheds. They lasted til now.

But with the ability to get one pre built matching my siding and my roof.
I let them do it.

Building the bluestone pad was about 800 and 100 for the poison ivy treatments.
I was more sore from the poison Ivy then I was from moving 4.5 tons of gravel into place.

So 900 and three days time for the pad.

I also had a tree guy cut a few trees 🌳 but they were going shed or no shed.

I got a 1500 estimate for the pad so I save 600 bucks.

I killed all the poison Ivy in March 2020 when we put the white vinyl fence in.

I used a shit ton of roundup and it never came back,

But digging the dead roots out to level the ground is what gave me the poison ivy.

The plants were dead for  more than 18 months. Still fucked me up.

worst case I have had since I was 11 years old back in the sixties .


I will end up with a second one and have a stone patio put in the center of them.

[dragonvslinux]

the evening wall report

Reality is beginning to sink in on bearish forces as shock and dissension permeates their ranks with some even capitulating to the seemingly endless bull advances. 

This best describes the situation right now indeed 

4h

For those who like their micro-time frame analysis (I'm now considering the 4hr as micro given the Daily/Weekly bullish uptrend):



While bullish traders panic or take profits if the 21 MA (green) or 200 Day MA is broken (see above), the confluence of the following could find short-term support very nicely (purple circle):

• 50 MA trending upwards (red) in bullish formation with other moving averages
• Upwards trending old resistance trend-line (green) being re-tested as support
• Long-term 0.382 fib retracement level (yellow) as previous resistance

If I had any cash left, I'd be placing bids here for the short-term. Naturally, I don't though
Otherwise would be a good price to get out of your short position for a loss or break-even 
Looking forward to getting my WO lazer eyes on 

[Richy_T]

Add YEARS to your investment and save your thumb, Use Coated screws rather than nails! Look into the Ondura corrugated Asphalt roofing panels. Pretty decent look and a helluva lot easier and more durable than shingles. And hell yeah at least 6 inches taller than the neighbors!

Dang, I was hoping to use my framing nailer I bought 20 years ago for a job I ended up not doing. But I do lean a little more towards screws anyway. Might go for a tin roof, not sure yet. There is some rationale for taller since it will be housing my VR rig. One reason for a self-build is I want a large window in the back as there is a bit of a view there (albeit over a cemetery).

[savetherainforest]

the evening wall report

Reality is beginning to sink in on bearish forces as shock and dissension permeates their ranks with some even capitulating to the seemingly endless bull advances. 




dyor

There are not bears in BTCiTcoin.
There are only bulls that dump too soon, so they can buy again later.

[savetherainforest]

I sometimes look at that meme and think... "hmmm.... that broad will be remembered throughout history for that only meme moment and it will be her greatest accomplishment for the next thousand years."    

[Richy_T]

Building the bluestone pad was about 800 and 100 for the poison ivy treatments.
I was more sore from the poison Ivy then I was from moving 4.5 tons of gravel into place.

I was thinking of just going with concrete pylons and wooden posts. Would you advise against?

I have heard with the poison ivy, the best bet is to wash thoroughly with detergent after contact. You need to catch it early though so if you were not aware it may not have helped.

[ChartBuddy]

Explanation

[savetherainforest]

Building the bluestone pad was about 800 and 100 for the poison ivy treatments.
I was more sore from the poison Ivy then I was from moving 4.5 tons of gravel into place.

I was thinking of just going with concrete pylons and wooden posts. Would you advise against?

I have heard with the poison ivy, the best bet is to wash thoroughly with detergent after contact. You need to catch it early though so if you were not aware it may not have helped.

Any acidic corrosive substance that can disinfect works, but it also will create severe burns on the applied surface.

Concrete works only in humid areas. And you just have to whitewash once every few years to maintain the humidity in the concrete.    

[Copetech]

Building the bluestone pad was about 800 and 100 for the poison ivy treatments.
I was more sore from the poison Ivy then I was from moving 4.5 tons of gravel into place.

I was thinking of just going with concrete pylons and wooden posts. Would you advise against?

I have heard with the poison ivy, the best bet is to wash thoroughly with detergent after contact. You need to catch it early though so if you were not aware it may not have helped.

I have always knocked out Poison Ivy breakouts quickly with a hot shower, scotch-brite pad and Chlorox Bleach. Itbdries out and heals within 48 hours. Of course if you know you've been into it, you can do the bleach treatment before the breakout begins. Also NEVER put poison ivy in a brush pile to be burned!!! The oils leach to the smoke and go airborne. Easy way to end up in the hospital with poison ivy in your eyes & lungs!

[suchmoon]

I was thinking of just going with concrete pylons and wooden posts. Would you advise against?

Have you checked your local code? You might not have a choice for the size of shed you're planning if you're in a cold climate.