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

[dragonvslinux]

I'd be incredibly careful trading this lagging indicator. The golden cross (buy signal) is in relation to the death cross (sell signal).

Lark Davis
@TheCryptoLark
BTC golden cross will probably confirm tomorrow

https://twitter.com/thecryptolark/status/1437637730058395649?s=21

The death cross signalled to sell ~$36K, prior to price dropping -20% to $28.6K. It was relatively accurate for trades, in the short-term. Note: price was also below the cross at ~$43K, in order to confirm the signal. Then price rallied +85% to above $50K, so was dumping at $36K a good idea? Now it's suggesting to investors who sold at $36K to buy back in at a +30% higher price around $46K? Sounds like terrible investment advise.

This buy signal could merely mean a +20% rally to $55K resistance before a correction back to support of $36-40K. The golden cross is otherwise invalidated if price remains below $46K, so also best to remain cautious and wait for a Daily close. The golden cross is otherwise only as accurate as the previous death cross. Dumping at ~$36K and buying back at ~$46K seems dumb to me, but do as you please.

Personally I think it would have been better to counter-trade this by buying at $36K and sell at $46K for +27% profits, but each to their own  



The LFC emotional & euphoric indicator is also reaching euphoric levels, suggesting a short-term correction rather than further upside for now

PS - The 4hr chart recently confirmed the 50 & 200 MA death cross, with price below the level as well as VPVR point of control:



4hr signals selling at $46.6K (after buying golden cross at ~$38K) while the Daily is about to signal buying? The irony being this is very close to the inverse of the Daily crosses.
This confirms that time-frames are split: Daily is neutral-bullish while the 4hr remains bearish and Weekly bullish.
Time-frames split = lack of confluence and indecision in the market. Stars not aligned.

[1713949682]

1713949682

[serveria.com]

Meanwhile: we're going up, girls! ~+4% already according to Bitcoinwisdom... 

[ChartBuddy]

Explanation

[bct_ail]

Lark Davis
@TheCryptoLark
BTC golden cross will probably confirm tomorrow

https://twitter.com/thecryptolark/status/1437637730058395649?s=21

Wow, that is really nasty. It can really go in any direction. MA200 can move down or MA50 can move up. Now it's just a question of which player does what.
I'm assuming the worst. And pull out my network cable...

[cAPSLOCK]

Love him or hate him, Jbear is a very interesting individual. He and I had several long discussions on music and vintage musical gear. He owns some gear used by Joe Walsh, Elton John, Rick Derringer, Billy Joel. and Michael Jackson.

I won't go into details because he told me this privately.

Yeah I chatted a couple times in this realm as well... I wrote him privately after breaking down and buying a piece of Behringer gear and falling in love with it (Wing) to my great surprise.

The only piece of gear I own with anything like a pedigree is a used mic I paid 100$ for that was supposedly tried out on a J-Lo track and rejected. lol.

As I said I hope he's OK and just got tired of being picked on for BSV...

[fillippone]

Hopium tweet by @PlanB:


https://twitter.com/100trillionUSD/status/1437763328810659842?s=20

Calling a top for this cycle later and lower (in Yield terms) than previous halving cycles?
Can you live with that?
I think I do!

Lark Davis
@TheCryptoLark
BTC golden cross will probably confirm tomorrow
<...>

Next 24h are critical.

[aysg76]

Meanwhile: we're going up, girls! ~+4% already according to Bitcoinwisdom... 

Yeah some green dildos up the charts to shake the haters and bears once again 

[JSRAW]

@ivomm Sorry to hear that bro. You and your family are in my thoughts and prayers.

[vapourminer]

Wow, that is really nasty. It can really go in any direction. MA200 can move down or MA50 can move up. Now it's just a question of which player does what.
I'm assuming the worst. And pull out my network cable...

COWARD!! come BACK

it is traditional around here to celebrate 85% loses dips with toasts and memes.

[vapourminer]

Love him or hate him, Jbear is a very interesting individual. He and I had several long discussions on music and vintage musical gear. He owns some gear used by Joe Walsh, Elton John, Rick Derringer, Billy Joel. and Michael Jackson.

I won't go into details because he told me this privately.

Yeah I chatted a couple times in this realm as well... I wrote him privately after breaking down and buying a piece of Behringer gear and falling in love with it (Wing) to my great surprise.

The only piece of gear I own with anything like a pedigree is a used mic I paid 100$ for that was supposedly tried out on a J-Lo track and rejected. lol.

As I said I hope he's OK and just got tired of being picked on for BSV...

yeah i hope he and his are ok too. but he always struck me as someone who covers their bases well. very knowledgeable on a variety of subjects. definitely miss him..

[ChartBuddy]

Explanation

[philipma1957]

@ivomm I hope your dad recovers.


 

[Torque]

The sheeple still don't realize what is happening.

The world economies are continuing to deflate. In a long term melt-up, the stonk markets will continue to be bought up on every dip with absolutely regularity every month via free money from the Fed.

The market noise between Jan and Dec of every year will be irrelevant, the stonk market will end the year at least 8-12% higher than the year before it. And the year after that, and the year after that. There will be no down years for the stonk market. Why? Because it has to go up, in order to offset massive yearly inflation. This is how the wealthy elite protect their wealth. And the middle class and poor, because they don't invest, continue to lose wealth (i.e. purchasing power) at an alarming rate.

Just look at this pattern:



Once you take the red pill and realize what is happening, you also realize that high value deflationary assets are your only savior. Bitcoin will outrun them all.

#BUYBTC

[El duderino_]

Would apple have an announcement….?

[ChartBuddy]

Explanation

[jojo69]

[d_eddie]

Hello friends! I haven't written for a month because a series of unfortunate accidents which happened to my father during our vacation.

Best to your father. He's at least lucky to have a son that cares and tends to him.

[serveria.com]

Love him or hate him, Jbear is a very interesting individual. He and I had several long discussions on music and vintage musical gear. He owns some gear used by Joe Walsh, Elton John, Rick Derringer, Billy Joel. and Michael Jackson.

I won't go into details because he told me this privately.

Yeah I chatted a couple times in this realm as well... I wrote him privately after breaking down and buying a piece of Behringer gear and falling in love with it (Wing) to my great surprise.

The only piece of gear I own with anything like a pedigree is a used mic I paid 100$ for that was supposedly tried out on a J-Lo track and rejected. lol.

As I said I hope he's OK and just got tired of being picked on for BSV...

Maybe he's still among us posting from a different/new account? 

[ChartBuddy]

Explanation

[philipma1957]

We are getting back to 47k.

Current diff is very bullish.  +2.49%

https://www.bitrawr.com/difficulty-estimator

Latest Block:   700539  (11 minutes ago)

Current Pace:   102.4905%  (988 / 963.99 expected, 24.01 ahead)

Previous Difficulty:   17615033039278.88                            
Current Difficulty:   18415156832118.24                            
Next Difficulty:   between 18788753691860 and 18923655404394
Next Difficulty Change:   between +2.0287% and +2.7613%
Previous Retarget:   September 7, 2021 at 8:05 PM  (+4.5423%)
Next Retarget (earliest):   September 21, 2021 at 11:55 AM  (in 6d 23h 10m 11s)
Next Retarget (latest):   September 21, 2021 at 2:02 PM  (in 7d 1h 17m 34s)
Projected Epoch Length:   between 13d 15h 50m 6s and 13d 17h 57m 29s

this indicates large money being put into new gear. along with relocation of older gear.

Both are bullish signs. 2.5% means 4eh in gear

Pretend 1/2 is new and 1/2 is old

so 2eh in new gear.  if it was s19j only it would be 20,000 of them or 200,000,000 million usd worth of new units along with the infrastructure to run that.  about 20,000 x 3.3 = 66,000,000 kwatts of power or 66 mega watts hourly .