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

[DaRude]

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.

Shall we ignore the coin too when the outcome of a flip is not as expected, and only concentrate on correct outcomes. Hmm in that case my coins should start their youtoobs channel

[1713574808]

1713574808

[AverageGlabella]

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.

This is not applicable to your point attacking somebody since they disagree with you and afterward following how trustworthy they are is low imho. if you trust in what you say counter them with facts and references as opposed to pursuing the individual as it looks poor on you.

[ImThour]

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.

This is not applicable to your point attacking somebody since they disagree with you and afterward following how trustworthy they are is low imho. if you trust in what you say counter them with facts and references as opposed to pursuing the individual as it looks poor on you.

My bad however calling my ideas/my thoughts BS is not cool as well.

[ChartBuddy]

Explanation

[AverageGlabella]

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

With current political climate I don't know this is something to be thankful for

Jokes aside Putin blocked Russian ban on mining: https://twitter.com/BitcoinMagazine/status/1486721299091050496?cxt=HHwWgMCihaDJ8qEpAAAA

My bad however calling my ideas/my thoughts BS is not cool as well.

Indeed regardless the side we are on with predictions we as a whole want Bitcoin to succeed in the long term yet we can have difference of opinion while still being civil

[bitcoinPsycho]

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

With putin's backing, it's as good as done

[suchmoon]

On the subject of doomsday TA, at least ImThour puts some effort into it unlike some llama-shaped trolls here.

But in reality Bitcoin will go either up or down, and the only certainty is that obviously there is a lot more room to go up than down. Unless you're playing with some stupid option spreads, which you really shouldn't.

[LFC_Bitcoin]

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

With putin's backing, it's as good as done

Makes you wonder, this action by Putin. I wonder if they'll secretly set up huge mining farms using renewable energy. They’ll keep it all under the radar in preparation for the next bull run & onwards. If Putin is on board it means Russia will be big players in the future of bitcoin.

[Torque]

My bad however calling my ideas/my thoughts BS is not cool as well.

I think your TA is complete BS, but then again...I think all TA is complete BS. So meh.

Also some of us old timers are quite amused when you TA guys follow the completely predictable pattern of predicting much higher highs during a bull run, and insta flipping to predicting much lower lows during a downturn. Such herd mentality.

[ImThour]

On the subject of doomsday TA, at least ImThour puts some effort into it unlike some llama-shaped trolls here.

I would prefer Llama and Banana shaped trolls rather than getting attacked for trying to do TA

[cygan]

#Bitcoin BTC is the missing piece of the Internet.

https://twitter.com/DocumentingBTC/status/1486683427252445187

[cAPSLOCK]

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.

I think this position is EXTREMELY sensible.  If we are re-experiencing a cycle pattern like 2017.  My soul was also stretched to the breaking point between 2018-2020.  But that combined with all the other boom/bust cycles has sort of changed me.  Lol.

But I think there are reasons things might just be "different this time".

1. Bitcoin is now a huge brand.
2. ONE country is using it
3. Several countries (Turkey, Russia, Iran, etc) are looking at it
4. Large publicly traded companies (including the darling tesla) have put it on balance sheets
5. Normie on ramps
6. Brrrrrr
7. Mining is in great shape.
8. Bil/Millionaires want in. 
9. @Jack (just one guy and his co... but this is a super big card in the deck I think...)

People KNOW about it, but still a very small # are IN it.  It can only dip so low before big money comes in to buy.  In fact I guarantee a lot of smart money was edging in between 31k and here just recently. 

I just don't see how a winter lasting to 2025 is even remotely possible.

But a LOT of things could happen...

[cAPSLOCK]

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

With current political climate I don't know this is something to be thankful for

It is indeed a large risk.  And with this puppet in office guiding the "free world" I could imagine all sorts of draconian bullshit coming from the west.

But it's already game over.  The next "dancing guy" country is about to show up.

[ChartBuddy]

Explanation

[El duderino_]

Smart belge poseur

Smart belge poseurs everywhere 

[El duderino_]

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.

You’re my brother, but you gonna be wrong in this one 

[El duderino_]

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...

You’re among my favorite posters Sir.

Now eat merits.

[JayJuanGee]

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?

Maybe we all mix predictions with what we want?   I still think that it is better to frame a prediction in terms of what you believe to be more likely to happen.. or even if any of us were to say that there is a 38% chance for x, a 30% chance for y and a 32% chance for z, then after we stated that, we might say, I prefer y.. at least we have framed the probabilities before stating the preference, and in that regard, there is a bit less mixing.. or at least you have stated both so we know what is your prediction and what is your preference, no?

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.

That's too bad....,...


I supposed that this year will tells us....whether  bear market like you said.. or an extension of the bull market....

There could be some variations of those theses.. but those two are the main two contending theses currently..

There are some scenarios that could play out more ambiguously that end up NOT making it clear regarding which of the above two dominant theses had been the winner....

Personally, I have the sense that it is more likely that this will resolve itself.. and likely be known in 4-6 months at the latest...... and, even though I am more inclined to conjecture that an extension of the bull market is going to play out.. I am not going out and taking out debt to bet on what I believe to be the most-likely of outcomes for this calendar year.... at least not currently... 

(by the way, admittedly, my strategy is somewhat front-loaded anyhow, so it's not like I would change in the midst of some ideas that I already had most of last year... so admittedly there is a bit of locking in.. as compared to maybe if I might had taken some kind of a BIGGER shavings then I would have already taken that position... so even if my being wrong is playing out in front of my eyes.. it is not as if I can do very much to change what I am doing.. sure there are little things that I could do, but largely my personal strategy does not get changed quickly anyhow)

[ChartBuddy]

Explanation

[OutOfMemory]

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.

You’re my brother, but you gonna be wrong in this one 

so... you mean boyfriends?