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

[modrobert]

The news we were rooting for:



Showing a giant middle finger to IMF’s crooks.

Game over IMF!

IMF is in bed with the MIC, it will probably start with sanctions and end with war, have to bring democracy to El Salvador.

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[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ImThour]

Okay so, I made this chart where my target was almost 19k however that was the case if BTC drops on that weekly candle itself.

Found something really interesting. Everytime BTC goes below 1 Week 50 MA, it retested 1 Week 200 MA.
Not saying it has to do this again but something to look at.  

If we take time into consideration for the price to meet the Weekly 200 MA, it will be near about $24k.
This changes the price drop from current price from 46% to 30%.



Thanks for reading!

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[marcus_of_augustus]

Okay so, I made this chart where my target was almost 19k however that was the case if BTC drops on that weekly candle itself.

... how about you take your shite ever-more-berish charts somewhere else?

... you do realise you are in a bitcoin bull forum where we've been in a secular bull market for over 10 years?

... you are either a bear troll or an idiot, either way, bring something useful, not this crap ... ha fucking ha BS

[ImThour]

Okay so, I made this chart where my target was almost 19k however that was the case if BTC drops on that weekly candle itself.

... how about you take your shite ever-more-berish charts somewhere else?

... you do realise you are in a bitcoin bull forum where we've been in a secular bull market for over 10 years?

... you are either a bear troll or an idiot, either way, bring something useful, not this crap ... ha fucking ha BS

Say me a troll when you yourself are.
This forum is to talk about Bitcoin and the analysis are part of it.

Also, its called bitcointalk.org, not bitcoinbullstalk.org for a reason.

EDIT: Also, you are part of this forum since 2011 and the only trusted feedback you got is from someone who said "Excellent reputation". Should have spent more time with the community rather than being a loner who calls everyone stupid or idiot for their posts.

EDIT 2: If am not wrong, you had your own Wall Observer thread where you can moderate and see what you want to see. Please go and use that, cheers.

[ChartBuddy]

Explanation

[hisslyness]

Okay so, I made this chart where my target was almost 19k however that was the case if BTC drops on that weekly candle itself.

... how about you take your shite ever-more-berish charts somewhere else?

... you do realise you are in a bitcoin bull forum where we've been in a secular bull market for over 10 years?

... you are either a bear troll or an idiot, either way, bring something useful, not this crap ... ha fucking ha BS

Say me a troll when you yourself are.
This forum is to talk about Bitcoin and the analysis are part of it.

Also, its called bitcointalk.org, not bitcoinbullstalk.org for a reason.

EDIT: Also, you are part of this forum since 2011 and the only trusted feedback you got is from someone who said "Excellent reputation". Should have spent more time with the community rather than being a loner who calls everyone stupid or idiot for their posts.

I don't know if you are just trying to find patterns to fit your narrative that we are in a bear market. You tried to sell it with Elliot Wave Theory, but that was incorrectly applied.

Now you are using 1 Week 50 MA, it retested 1 Week 200 MA. but that really isn't the case, just from looking at it, i can see it has crossed it numerous times without retesting...

I have never been a big believer in TA, more of a subscriber to the fundamentals. It's kind of like what came first, "the chicken or the egg"

Now that you have this information, have you started to short Bitcoin? Are you putting your money where you mouth is?

Again, do you really believe we have hit the top of this bull run?


EDIT: i don't believe you are being a troll... You are trying to support your theory, unlike some other who post one liners and disappear...

[El duderino_]

https://twitter.com/bitcoinmagazine/status/1486669010871664643?s=21

[ChartBuddy]

Explanation

[ImThour]

I don't know if you are just trying to find patterns to fit your narrative that we are in a bear market. You tried to sell it with Elliot Wave Theory, but that was incorrectly applied.

Now you are using 1 Week 50 MA, it retested 1 Week 200 MA. but that really isn't the case, just from looking at it, i can see it has crossed it numerous times without retesting...

I have never been a big believer in TA, more of a subscriber to the fundamentals. It's kind of like what came first, "the chicken or the egg"

Now that you have this information, have you started to short Bitcoin? Are you putting your money where you mouth is?

Again, do you really believe we have hit the top of this bull run?


EDIT: i don't believe you are being a troll... You are trying to support your theory, unlike some other who post one liners and disappear...

Exactly, I am just trying to believe and support my theory and my ideas.

If you call me an idiot/troll just because my Price Target is below the current price, that's stupid.
What If I said prices will go down at 60k? I don't think anyone would have called it BS.

About If I am shorting, No. I don't do leverage. I am waiting for the price to come at a point so I can buy more.
Thanks for your support by not considering me a troll/idiot. Cheers.

[AlcoHoDL]

Bitcoin is bullish by design. A 13-year-long proven design.

I don't think anyone who understands Bitcoin can ever be bearish. It's a contradiction in terms.

Edit:

https://youtu.be/_9sS7eqz1l4

"Who are these people that are selling this to me? I feel sorry for them. What are you going to buy, that's better than what you're selling to me? I just pity them."

Still want to do TA?  

[cAPSLOCK]

Okay so, I made this chart where my target was almost 19k however that was the case if BTC drops on that weekly candle itself.

Found something really interesting. Everytime BTC goes below 1 Week 50 MA, it retested 1 Week 200 MA.
Not saying it has to do this again but something to look at.  

If we take time into consideration for the price to meet the Weekly 200 MA, it will be near about $24k.
This changes the price drop from current price from 46% to 30%.



Thanks for reading!

I have been doing various things with coffee stirrers and crayons, and ~25k also looks like a good target for the drop from the giant head and shoulders considering it top portion.

So I think this theory has some pretty good possibility of happening.  Unfortunately that would also paint us a lower low... which seems kind of bad.  But at the same time in the current macro environment I could see us springing up from 25k pretty handily.

Of course I would still rather see a higher low and a third peak...  But, who knows?

[ChartBuddy]

Explanation

[Torque]

Exactly, I am just trying to believe and support my theory and my ideas.

If you call me an idiot/troll just because my Price Target is below the current price, that's stupid.
What If I said prices will go down at 60k? I don't think anyone would have called it BS.

I would be careful being too married or attached to your glorious TA predictions.

You've been wrong with your insinuations before. I'm doubtful we will hit $92K by 2/1/22.

Bitcoin is above 200 EMA for the first time since April, 2020.

[LFC_Bitcoin]

But at the same time in the current macro environment I could see us springing up from 25k pretty handily.

I think we’ll see $25,000 too, it might not be until early 2023 though. We’ll bottom above $20,000 & then we’ll start the low climb up as we get close to the halving in 2024 & then transition into the next bull run. We’ll hit over $150,000 in 2025.

I could be totally wrong & we moon sooner which would be great. I think we’re in a bear market now though & we’ll have to wait through a crypto winter before we all get girlfriends in 2025.

[ImThour]

Exactly, I am just trying to believe and support my theory and my ideas.

If you call me an idiot/troll just because my Price Target is below the current price, that's stupid.
What If I said prices will go down at 60k? I don't think anyone would have called it BS.

I would be careful being too married or attached to your glorious TA predictions.

You've been wrong with your insinuations before. I'm doubtful we will hit $92K by 2/1/22.

Oh yea, let's bring the old charts where I was wrong as I was learning TA (which no one can be perfect in)
And it went up by 96% before falling down, too bad right.

And simply ignore the charts where I was right 

Unbiased Price Prediction on the basis of Previous Chart Action

Bullish in the Long run.

[ChartBuddy]

Explanation