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Question: How far will this leg take us?
$110K - 9 (8.3%)
$120K - 19 (17.6%)
$130K - 17 (15.7%)
$140K - 9 (8.3%)
$150K - 19 (17.6%)
$160K - 2 (1.9%)
$170K+ - 33 (30.6%)
Total Voters: 108

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26907959 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 1 users with 9 merit deleted.)
fr4nkthetank
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August 19, 2021, 02:48:37 AM

I sold at about $55k. To be exact, it was the day when Ethereum reached over $4k. Bitcoin at $1T marketcap, Ethereum over $4k, all friends & neighbors into crypto, Tether printing billions in hours, and even my portfolio at an unimaginable value. It seemed unreal so I made my decision.

About buying back, I've said it before a few times and will say it again, as soon as 200-week moving average is touched:

https://www.lookintobitcoin.com/charts/200-week-moving-average-heatmap/

Quoted to make a prediction. You'll be buying back higher than you sold.

Yeah but he rode that pump, and got out.  Hes going to buy for next pump.  If this pump isnt over and hits the gym he'll miss out.  But missing out on things ain't the end of the world, theres always the next one...
JayJuanGee
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August 19, 2021, 03:00:01 AM
Merited by serveria.com (1)

Just fixing JJG

My guess is
[30.00] for range $101k to $240k
[80.00] for range $65k to $100k
--------------
Yes.. but you are not even trying to be helpful, and furthermore you seem to be presuming something to be broken when it is not.

Hard to take you serious under those circumstances, no?

hey, don't be a panzy (panzy fuck) [or panzy fuck panzy], bro, and argue about %%.
Believe me, JJG can take it..and much more.
he/it is not destructible, just like Bender.

But I am mortal.. so there is that angle.

I sold at about $55k. To be exact, it was the day when Ethereum reached over $4k. Bitcoin at $1T marketcap, Ethereum over $4k, all friends & neighbors into crypto, Tether printing billions in hours, and even my portfolio at an unimaginable value. It seemed unreal so I made my decision.

About buying back, I've said it before a few times and will say it again, as soon as 200-week moving average is touched:

https://www.lookintobitcoin.com/charts/200-week-moving-average-heatmap/

Of course, historically we have had the BTC price touching upon the 200-week moving average around every 4 years, so surely, if you were correct about the end of the bull market, then the 200-week moving average would relatively imminent in coming, but if you are prematurely subscribing to the end of the bull run then it could take a whole hell of a long time for either the 200-week moving average to be touched upon and it may also might not be touched upon completely.. The BTC price could end up correcting around 20%, 40% or even 60% higher than the 200-week moving average and then you end up not having any bitcoin based on your pretty lame-ass gambling efforts.

Furthermore, I don't have any real problem with your link to the 200-week MA heatmap, and you likely realize that the 200-week moving average is a wee bit of a lagging indicator.. so the flattening of the most recent slope at the top is not really accounting very well for our most recent three weeks of moving up from $30k to $45k - which spot price is going from 2x above the 200-week moving average to 3x above the 200-week moving average, so accordingly the slope of the 200-week moving average is going to return to angling more UPpity - except if the BTC prices were to fall back down and go lower.. which is also kind of part of your erroneous bear theory.. which seems to be out of touch with actual bitcoin price dynamics and where we likely happen to be in this particular bull portion of the cycle.

So you are taking a decently-strong minority position, and hoping that you are correct that BTC had entered into a bear market. .and part of your hope is to try to talk your position into reality... such as in this thread.. hahahahaha  good luck with that. you are going to need it, especially when you seem to be so damned wrong... - that is if we could even trust that you were so dumb as to really do what you said, including being so greedy as to play with your whole stash in such a way..  

But sure in the end, what you actually did might not even matter so much when we are dealing with relatively poor-ass fucks like you who have stashes of less than 0.5BTC and they are presenting their market play as if they were big ballers, and they are not... and when they should just be stacking sats like a normie rather than fucking around with trading their BTC stash based on their own invented and lame theories.

Anyhow, let me suggest that you are presuming a kind of 2017 rapid correction based on BTC prices going up to $65k.. but a more realistic scenario is that BTC prices had recently gone into something that would have been closer to the 2013 scenario.. so you see how that 2013 scenario played out..

In 2013, we had a March 2013 BTC price of around $70 and a 200-week moving average of less than $10, and that would have been like you selling on the way up to $65k and selling at $55k, when the 2000-week moving average was around $12k.. so in 2013, the spot price did not get back down to touching the 200-week moving average until late 2014 - but by then the BTC price had already gone up to $20k and come back down to $200 when it touched the 200 week moving average and was touching the 200-week moving average for most of 2015 before it started to move back above..

In other words, your sell price of $55k is like selling at $70 and you are no way guaranteed that the 200-week moving average may well end up moving way higher than your $55k sales price (assuming that you are not lying) by the time the BTC price moves back down to the 200-week moving average.. perhaps in the $80k to $100k arena by the time that it comes back down to touch.. and for sure none of us know how the prices are going to playout.. so you seem to be likely missing opportunities when you already failed/refused to buy back when the BTC price dipped down to lower $30ks and upper $20ks..

Sucks to be you.. and talking your nocoiner book.
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August 19, 2021, 03:01:35 AM


Explanation
JayJuanGee
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August 19, 2021, 03:18:42 AM
Last edit: August 19, 2021, 05:38:07 AM by JayJuanGee

Y’all forget about your 200-week MA or daily or monthly MAs

Next time use COVID graph for your trades


Coming out with more dumbass theories about correlation that does not exist.  Roll Eyes

Fuck Covid and its purported correlation... king daddy gives not shits (nor vomits)



For sure, he must be stealing your "original" ideas.  He's probably reading the WO to get your intricate details...   Roll Eyes Roll Eyes Roll Eyes


Hi Willy......  or do you prefer Mr. Woo?

It sounds almost like saying Mr. Wwwwwwwwweeeeeeeeeee......


 Cheesy Cheesy Cheesy Cheesy
ChartBuddy
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August 19, 2021, 04:01:26 AM


Explanation
Hueristic
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Doomed to see the future and unable to prevent it


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August 19, 2021, 04:20:32 AM
Merited by JimboToronto (1)

No, many people have him on ignore.

Not those that count.
Biodom
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August 19, 2021, 04:41:34 AM

No, many people have him on ignore.

Not those that count.

touché.
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August 19, 2021, 05:01:25 AM


Explanation
ChartBuddy
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August 19, 2021, 06:01:39 AM


Explanation
goldkingcoiner
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HoDL or poor


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August 19, 2021, 06:30:02 AM

Since I've made a couple of wild & accurate predictions in this thread in the last few years, here's one more for y'all:

SP500 won't cross 4500 for the next few years (currently trading at around 4444)... and yeah, that'd not look very good for BTC either.

Where did you buy this account, bear? Or did you steal/hijack it? If my memory serves me well, the guy behind this account used to be pro-bitcoin and a bull.  Angry

THIS IS REALROACH SPEAKING. I'VE TAKEN OVER RAJA.

WHILE YOU WERE WITNESSING TALIBAN TAKEOVER ON AFGHANISTAN, I SECRETLY TOOK OVER RAJA.


Bullshit. There was no casual racism or talk of silver stashes being superior over Bitcoin in your written text.

Farmers sometimes place luminous tubes next to electric fencing to check if it works, when there's a power pulse the tube lights up.




Thats the coolest shit ever.


Still doesn't change the fact that a lot of people have him on ignore.
Wekkel
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yes


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August 19, 2021, 06:33:47 AM
Merited by El duderino_ (3)

Is skipping heaps of text also ignoring?

Asking for a friend  Grin
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August 19, 2021, 07:01:27 AM


Explanation
fillippone
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August 19, 2021, 07:16:38 AM
Last edit: May 15, 2023, 11:17:49 PM by fillippone
Merited by JayJuanGee (1)

Fillippone against the FED:


https://twitter.com/fillippone1/status/1428252981284286469?s=20

"The FED is worried Tether is printing money out of thin air"

Hopefully they are not going to chase our friends at Bitfinex!

EDIT:
Amount of dollars printed by the FED added for reference:


NeuroticFish
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August 19, 2021, 07:22:58 AM
Merited by fillippone (3)

Hopefully they are not going to chase our friends at bitfinex!

Well, Tether does need to be shaken a little and become properly backed sooner or later.
Their schemes that allow them "print money out of thin air" (which in this case may indeed be true) may affect Bitcoin beyond our (or at least my) understanding.
For example the bad reputation of Tether will simply help the central banks when they'll launch CBDCs....
fillippone
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August 19, 2021, 07:25:27 AM
Merited by NeuroticFish (2)

Hopefully they are not going to chase our friends at bitfinex!

Well, Tether does need to be shaken a little and become properly backed sooner or later.
Their schemes that allow them "print money out of thin air" (which in this case may indeed be true) may affect Bitcoin beyond our (or at least my) understanding.
For example the bad reputation of Tether will simply help the central banks when they'll launch CBDCs....

I hope you got the irony:
"The FED is worried Tether is printing money out of thin air"

(this is nice) I am going to add it to the OP....


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August 19, 2021, 07:30:41 AM

I hope you got the irony:
"The FED is worried Tether is printing money out of thin air"

I'm still drinking my coffee. The irony was unintentional on my side. But now, as you've pointed it out, ... you can't imagine how big is the smile on my face  Grin
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August 19, 2021, 08:01:26 AM


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serveria.com
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August 19, 2021, 08:04:59 AM
Merited by philipma1957 (3), JayJuanGee (1)

... just admit it, you're fiat bull! ... and worse than that you have tasted the freedom of bitcoin and gone back to the debt-slavery chains of your fiat masters, how depraved is that?

Yes, I'm a USD bull, probably till the end-2022 or so. I believe we're in a total bubble right now (real estate, stocks, etc.), and Fed is going to be forced to pop this bubble soon.

Some do drink the mindrust cool-aid some don’t

I just have my side to be on…..

Not much more to say only to suggest picking the right side (the one where you have BTC in possession)

I don't know mate. Mindrust sold at an awful price and in panic, while I sold at my target (and it was $1 trillion+ market cap for BTC).

Just to now…. Yeah mindrust was at 3800 ish I think, where did you sold?

But apart of the selling, you mentioned a low 20 price to buy back in if I remember not ?

So just what’s gonna be your play or just what are you gonna do?

I sold at about $55k. To be exact, it was the day when Ethereum reached over $4k. Bitcoin at $1T marketcap, Ethereum over $4k, all friends & neighbors into crypto, Tether printing billions in hours, and even my portfolio at an unimaginable value. It seemed unreal so I made my decision.

About buying back, I've said it before a few times and will say it again, as soon as 200-week moving average is touched:

https://www.lookintobitcoin.com/charts/200-week-moving-average-heatmap/

You've also mentioned $50k before...  Grin Taking into account that you won't be able to buy lower, you will regret selling at 2024 cycle bottom...  Cool
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August 19, 2021, 09:01:34 AM


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