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

[ImThour]

Birth of the Hats was a special thing….

The start was with my RL bull and Bear Hats on a holiday, then I think Hairymaclairy posted something and xhomerx10 made him a bull hat of his own…..

These where awesome times at the WALL

I have joined the tradition later on but nothing better than that.

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[bitcoinPsycho]

Birth of the Hats was a special thing….

The start was with my RL bull and Bear Hats on a holiday, then I think Hairymaclairy posted something and xhomerx10 made him a bull hat of his own…..

These where awesome times at the WALL

Yes and the return of CHARTBUDDY was massive

[ChartBuddy]

Explanation

[Richy_T]

FFS, I just renewed my electricity contract, I only buy on a one year basis. This year I have been paying the equivalent of 58 USD a month, next year I will be paying 175 USD, and that is just to the producer, at least another 50 to 100 USD, depending on how much I use, to the company that owns the cables and in taxes comes on top of that.
Good thing I'm not poor anymore, but what about all those poor souls that live on a paycheck to paycheck basis, how are they gonna afford this shit.

Basically I'm going from 5 USD to 20 USD per kWh before tax and transfer fees. In the end, with tax and fees, its about twice as much.

Prepare for mass civil unrest. And not just the piecemeal contract bullshit from last year.

[Richy_T]

Weird. Didn't delete any comments, there's just one reply. In the notifications looks like there was another comment, but it doesn't show up.
Here's a thread about Youtube deleting comments containing links, including Bitcointalk references: https://bitcointalk.org/index.php?topic=5365512
We should test that out.

I've definitely had comments containing links disappear, including links to YouTube. I'm not sure if they are deleted or in some kind of limbo that an algorithm or the channel owner would eventually be able to release them from. It's gotten so that I'll write a comment, describe how to find the content I'm linking to then add the actual link in a followup comment.

[Richy_T]

So is that the last we'll see of the 50ks?

[marcus_of_augustus]

FFS, I just renewed my electricity contract, I only buy on a one year basis. This year I have been paying the equivalent of 58 USD a month, next year I will be paying 175 USD, and that is just to the producer, at least another 50 to 100 USD, depending on how much I use, to the company that owns the cables and in taxes comes on top of that.
Good thing I'm not poor anymore, but what about all those poor souls that live on a paycheck to paycheck basis, how are they gonna afford this shit.

Basically I'm going from 5 USD to 20 USD per kWh before tax and transfer fees. In the end, with tax and fees, its about twice as much.

.... climate change is an expensive fantasy, basically economic suicide by the arrogant

... it's the green new deal great reset building back better, we don't need to invest in new energy sources, you'll own nothing and be happier (or sent to Greta's re-education camp for deniers)

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[philipma1957]

buddy must be trippless

[Torque]

FFS, I just renewed my electricity contract, I only buy on a one year basis. This year I have been paying the equivalent of 58 USD a month, next year I will be paying 175 USD, and that is just to the producer, at least another 50 to 100 USD, depending on how much I use, to the company that owns the cables and in taxes comes on top of that.
Good thing I'm not poor anymore, but what about all those poor souls that live on a paycheck to paycheck basis, how are they gonna afford this shit.

Basically I'm going from 5 USD to 20 USD per kWh before tax and transfer fees. In the end, with tax and fees, its about twice as much.

.... climate change is an expensive fantasy, basically economic suicide by the arrogant

... it's the green new deal great reset building back better, we don't need to invest in new energy sources, you'll own nothing and be happier (or sent to Greta's re-education camp for deniers)

America: Yes let's pump hundreds of billions more into electric cars, while at the same time let our roads and bridges crumble into disrepair.  

You'll have the most awesome EV but you won't be able to drive it anywhere.

[vapourminer]

America: Yes let's pump billions more into electric cars, and at the same time let our roads and bridges crumble into disrepair.   

im wondering who is gonna pay for upgrading my electric service so that it can handle charging two EVs overnight to full charge. as my panel and service is already near capacity.

as well as everyone else in the same boat. cuz waiting for a charge at some charging station miles away from home just aint gonna happen.

[El duderino_]

Don’t make the same mistake, have fun and enjoy life…..

[El duderino_]

https://twitter.com/bitcoinmagazine/status/1453708413473628163?s=21

So India not banning

[Torque]

https://twitter.com/bitcoinmagazine/status/1453708413473628163?s=21

So India not banning

This just in: Wall Street banning tech stocks! Will un-ban tech stocks tomorrow.

[ChartBuddy]

Explanation

[cygan]

Don’t make the same mistake, have fun and enjoy life…..

i personally picked up quite a few Bitcoins 10 years ago and am now running in the other direction 🏃‍♂️

[JayJuanGee]

So I grabbed six small pieces back.

Will buy more dip if it comes.

When I buy dip is is always buy and hodl it.
 I have three accounts for that.

I always hodl and have never sold any BTC from those accounts .

Those 3 accounts are BTC buy dip and hodl only.

My exit plan on them is sell at 70 years old.

until then buy dips and hodl.

Next dip level to buy is 55555.55

I think you will change your mind on that bold part.  What will you be selling them for?  How many "things" will you need?  Unless you are in your late 60s now and 70 is only a couple years away, I do not think THAT part of your plan makes a lot of sense.

Well, a question would be whether all is sold at a certain timeframe  that is around 5-6 years from now, versus the more practical and realistic attempts to just cash out as needed.. including maybe various lumpsums to cover/supplement (3 months or 1 year of various anticipated expenses) (as Dabs also mentioned).

*Fun with fractals*

A re-test of old resistance becoming new support? Sounds short-term bearish I know, but in fact it'd be extremely bullish to build up momentum as recent price history has previously proven....

You are trying to draw a potential short-term bearish picture out of the matter, even though bitcoin is very bullish, as your alternative assertion seems to suggest as the minority likely outcome... We are bullish, so something is likely wwwwwwwwwrrrrrrrrooooooonnnnngggggg with your bearish anticipatenings.

I tell you, it's Godzilla with his tail about to fire laser beams or something. That's what I keep seeing in these fractal charts. That or a dinosaur t-rex or something. Stegasaurus sometimes. Right now, maybe it's a Spinosaurus (the one in Jurassic park 3?)

This sounds more accurate than the dragonvslinux fractionalizenings....hahahahaaha.. too much bearening with that dragonvslinux dude....     - no homo...

[dragonvslinux]

*Fun with fractals*

A re-test of old resistance becoming new support? Sounds short-term bearish I know, but in fact it'd be extremely bullish to build up momentum as recent price history has previously proven....

You are trying to draw a potential short-term bearish picture out of the matter, even though bitcoin is very bullish, as your alternative assertion seems to suggest as the minority likely outcome... We are bullish, so something is likely wwwwwwwwwrrrrrrrrooooooonnnnngggggg with your bearish anticipatenings.

Let's wait and see  

For sure, we both no doubt agree Daily/Weekly are bullish, but 4hr chart for all those traderz out there is no longer bullish. It's not outright *bearish*, but key bullish momentum has been broken.
Hence, not shorting opportunity bearish (unless you love high risk and regularly getting rekt™), but more bullish momentum has faded "take profits" neutral, wait for re-entry.

Getting rejected by the 50 MA, VPVR point of control, wedge resistance trend-line as well as previous long-term resistance trend-line, will likely bring prices down to $57K.

The confluence of resistance is strong. Obviously breaking above would be bullish, but confirming a rejection would indicate a continuation of short-term correction is likely.
That 50 MA has supported the price since $43K, price first broke and closed below it at $62K. Now it's sloping downwards (bearish) and price is getting rejected by it.
Since when were there not healthy short-term corrections in ultra bullish long-term bull markets anyway? Never...

[RejectedBanana]

It's been a while since I've updated this data and I'm far too lazy to overlay the price chart anymore. Most of us old-timers have the price chart inscribed on our retinas anyhoo!

In short, ATHs don't interest me as much as bottoms... I do like me firm bottoms!  

These charts indicate the number of days between the LAST time BTC dropped down to the specified price targets: doublings on the first chart, orders of magnitude (10x) on the second.

For example, it took 248 days between the last time it was (hopefully ever) $32k and $16k. Or ~3.5 years between the $10k and $1k bottoms.

The bars in red are rough (recent-average) forecasts. No way do I consider this TA, so feel free to offer your own prognostications!

Will May of next year be the last time it ever drops below $65k? Sooner?

When $100k bottom, 2024!??

Bottoms away!

Mt Gox and Bitstamp data