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

[philipma1957]

People getting set for Black Friday? Hoping to get those Christmas presents in before inflation puts them through the roof and Biden's supply chain leaves the shelves empty? Someone needed an XL turkey?

Hoping to get a good amount of coin 🪙 for next week.

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[Sayeds56]

https://i.redd.it/q94m7wfiuk081.jpg

[ChartBuddy]

Explanation

[dragonvslinux]

TL;DR: I am not salty! I am sour and bitter.

I'll be the contrarian to other uber-bulls here and agree that currently price is having a dead cat bounce on the 4hr chart, nothing else has confirmed otherwise other than doses of hopium.
A death cross was confirmed yesterday (as circled) while previously price was perfectly rejected by the VPVR point of control. For sure, so far it's only a DCB.



But yet again you fail to look at the bigger picture. Yes price has failed to reclaim the 50 Day MA, and therefore am anticipating further consolidation or downside before further upside, in order for this mid-term MA to flatten out and shed bullish expectations short-term, but the Daily/Weekly charts remain bullish. The 50 Day MA remains above the 200 Day MA, so as long as price holds $46K, price remains bullish long-term.



Price hasn't even re-tested previous resistance level of $53K either, which in a bull market the expectation would be turn into new support (just as $40K turned into new support).
Obviously we are below the shorter-term distribution zone around $61K-$62K, but this distribution volume looks insignificant compared to the longer-term accumulation below...

A contrarian opinion, loud and clear. A bold statement in these bull territories. Detailed and documented.
It doesn't suit my taste, though. I'd prefer a dash of hopium. Oh well, whatever.

+1 WOsMerit

Short-term contrarian to the uber-bulls, but long-term I remain fully bullish, it's just a matter of time-frames. Nothing has really changed since price found support at $40K. This was the key test along with confirmation of the recovery by returning to $65K. The only difference now is that volume support is at a higher price than it previously was, so less likelihood of downside, even if reasonable chance of it.

In summary, good chance the low is already in, so wouldn't be waiting around for lower prices but averaging in instead. Obviously avoid shorting bull markets for a start, but short-term isn't a screaming buy either. I otherwise wasn't necessarily suggesting further downside will happen (though I wouldn't rule it out), more the idea that consolidation at minimum before further upside now looks more likely as bulls have failed to quickly maintain the recovery above the 50 Day MA support that was broken. Given how fast the this MA is rising, the recovery needed to be swiftly achieved, but is instead so far confirming weakness around $60K.

I don't even consider further downside to be more likely than consolidation, but would give it an equal chance at this point, hence remaining neutral in the short-term, before further upside and new ATH.
This isn't specifically bearish analysis. Last time I was short-term neutral, slightly bearish was around $64K first rejection, before price moved sideways for 3 weeks.
My lazer eyes otherwise return to medium bright for reasonably bullish, not the OMFG bright of being fully bullish 

[philipma1957]

Got more dip

57k better than 58k

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[philipma1957]

I will stay up ⬆️ for about an hour. I may get some more dip.

[ChartBuddy]

Explanation

[shahzadafzal]

Where are those peeps who always complain that nobody told them before.

Today is 22 Nov 2021 BTC @ $57,385.35
See tomorrow on on 22 Nov 2022  with BTC @ $+200k



https://twitter.com/parabolictrav/status/1462612285147414531

[ChartBuddy]

Explanation

[BobLawblaw]

Part of me is fucking concerned if I’m honest.

My gut is telling me S2F falls apart soon. In shambles and an afterthought by March 2022.
Hope I'm wrong, but I think we should expect a slower rise than some are anticipating.

Bleh, just found this post. I think we might be in for a bit of a rougher ride, after all, gentlemen.

[JayJuanGee]

60000 will not break & hold above.

This is your last warning to get out before the long bear market begins. I repeat this is your last chance to sell before multi year crypto winter begins.

Keep saying it Billy.

Sooner or later you are going to be Koreck... especially if you leave out actual numbers.  

BillyNoCoiner, sign a message from a bitcoin address with a balance of even 0.1BTC or shut the hell up & get out of the WO, you pathetic peasant.

Gosh.

I remember when 0.1 BTC used to cost between $25-ish and $60... and sure there has been some inflation to get 0.1 BTC.  Then remember quite a bit of 2018 and gosh even into the later part of 2020, many of us (who had sufficient readiness to act upon the possibility that bitcoin could end up going up) could get our grubby little hands on 0.1 BTC for anywhere between $380 and $1,000 - admittedly, the lowest ends of that price range were not long-lived levels in which 0.1 BTC was available.  

Now days it will be somewhat difficult for normies to blanketly get 0.1BTC in terms of a lump sum or maybe just DCA-ing for a few months, but do some of you guys remember just a few months ago (largely between mid-May-ish and even as late a late-July of this year) that 0.1BTC was on sale again, and many of the normies could have gotten it for between about $2,900-ish and $3,700-ish, and even though the upper end of those BTC sales prices had not quite doubled, there have been recent periods in which the lower and even median of that range had doubled in costs... so yeah, who knows if we are going to be having sales like that again.. I have my doubts about some of those prices being available in the future, and surely we do not even always know while the sales are happening in regards to the level of the intensity of the sales or how long that they will last.

I know that there are a few guys here who remember when the 0.1 BTC was on sale in the $2,900 to $3,400 range Billy nocoiner was ongoing and insistently suggesting that we were going to get $1k sales again, and many of us had pretty strong senses that such sales were not going to happen and even several of us suggested that Billy may well want to pick up some BTC at those then existing BTC sales prices.

Of course, we know that Billy has not adequately pee pared his lil selfie for UP.. because he seemed to have been so damned mentally preoccupied in preparing for further sales that did not end up happening, and hopefully no members were so dumb as to listen to anything that seeming loser and even ongoing loser (or loser wannabe) continues to persist with ideas of further BTC sales that do not even have decent chances of happening, even if it may well be possible that we might be able to get 0.1 BTC for around $5k-- or perhaps lower, but even that does not seem to have very high odds of happening... so exactly seems that Billy is both falling into and putting out information to continue to perpetuate the same fallacy that so many folks fail/refuse to adequately prepare for UP.

Ohh looks like I get more dip tonight niceee.

Just got $50 worth of dip.

Setup a daily $50 buy for December

Will consider doing more if we get a bigger dip.


To all a solid dip now that lasts to years end and January would be different than 2017.

So once again another shot for "this time it is different" to be true.

Get ready for the sales.

 

I gotta admit that $50 per day is pretty decently aggressive.... and if you were a newbie, I would be suggesting don't be selling very much of that, if any, until you reach over-accumulation... and then also be careful regarding how much you are selling until you have some pretty decent profits and pretty decently existing levels of over-accumulation whether due to initial investment amounts of actual BTC price appreciation.. but whatever, you seem to have some pre-existing practices and mindset that seems somewhat difficult for me to understand.. especially with my overall long-existing philosophy that BTC sales are not adequate/sufficient methods for BTC accumulation but it may well work decently well once guys get partially or largely into maintenance stage (rather than accumulation stage). 

Anyhow surely you have BTC sales that are laddered up.. and so yeah, perhaps you are hanging onto as much BTC as you can.. even though I question how far you have thought through the potential higher BTC price rise scenarios such as BTC prices going up to $200k, $500k or $1 million in this cycle.  Would you have any BTC left at any of those price points (would you have blown your whole wadd in sales by the time we got to $120k (if we were to get there?) and especially if BTC shot straight up to $200k, $500k or $1 million without any 10% or more corrections along the way?.. hypothetically speaking of course, but I believe that plans should account for some of these kinds of scenarios, even if they currently seem to be decently long shots.

[ChartBuddy]

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[ChartBuddy]

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[JayJuanGee]

Part of me is fucking concerned if I’m honest.

My gut is telling me S2F falls apart soon. In shambles and an afterthought by March 2022.
Hope I'm wrong, but I think we should expect a slower rise than some are anticipating.

Bleh, just found this post. I think we might be in for a bit of a rougher ride, after all, gentlemen.

Surely, it helps if you cite your earlier self as the authority who informed your later forgetful self regarding what you had forgotten that you had said earlier. 

So for sure your earlier lil selfie must have been correct, especially since you may well be getting scaredie kitty cat fewings.. but what else happens to be new?.. hahahahahahaaha

[dragonvslinux]

60000 will not break & hold above.

This is your last warning to get out before the long bear market begins. I repeat this is your last chance to sell before multi year crypto winter begins.

Keep saying it Billy.

Sooner or later you are going to be Koreck... especially if you leave out actual numbers.  

BillyNoCoiner, sign a message from a bitcoin address with a balance of even 0.1BTC or shut the hell up & get out of the WO, you pathetic peasant.

Of course, we know that Billy has not adequately pee pared his lil selfie for UP.. because he seemed to have been so damned mentally preoccupied in preparing for further sales that did not end up happening, and hopefully no members were so dumb as to listen to anything that seeming loser and even ongoing loser (or loser wannabe) continues to persist with ideas of further BTC sales that do not even have decent chances of happening, even if it may well be possible that we might be able to get 0.1 BTC for around $5k-- or perhaps lower, but even that does not seem to have very high odds of happening... so exactly seems that Billy is both falling into and putting out information to continue to perpetuate the same fallacy that so many folks fail/refuse to adequately prepare for UP.

I'm personally starting to warm to BillyNoCoiner. Various individuals such as myself and yourself have more or less wasted our time in trying to provide an alternative perspective, but to no avail. I thought they were a trader glued to the smaller time-frames, but they lack any engagement of countering any TA, so doubtful. It seems they are more likely attempting the "buy low sell high" strategy if not mistaken, but despite (presumably) selling high, and likely making some profits (which is easily done), they forgot to buy low again which is a classic mistake. Either that of they bought $30-50K on the way up only to sell it on the way down. I forget how newcomers must of done the "get out at break even" mistake in a bull market. That would be embarrassing unless it turned out to be right in the long-term...

Ultimately it's a lot easier (for newbies at least) to take profits when there is greed in the market, thinking your a genius because you doubled your money, than it is to average in or buy more when there is fear in the market. It's important there are users like BillyNoCoiner, they will be an important example for current and future Bitcoiners. When Bitcoin reaches 6 figures and BNC is therefore no longer around, wishing they hadn't sold their stash, there will be newcoiners making the same mistakes. We can then refer them to the story of Billy and his no coins.

The WO phrase can then be: Don't be like Billy.


@ $33K

I am calling $10000 by the end of this year.

@ $30K

Yep, it was unsustainable at $30,000 but guess what, it’s unsustainable at $20,000 too.

@ $40K

Just a text book dead cat bounce. Scheduled dumping will soon commence. See you at 4 digits.

@ $44K

Bitcoin really struggling to even get near $48,000 again now.

@ $40K

This crash is only just getting started. Sub 30k coming.

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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