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

[bitcoinPsycho]

How about posting (pasting) manually for a while (as current user), see how the response is, then code a bot to handle it if popular/merited? I think ChartBuddy is good (although the Sleepy Joe avatar gets to me sometimes), combined RSI for different time intervals is good info also. A suggestion; lets us know what the source of the data is (ChartBuddy has an "explanation" post linked), and make sure the info is correct (building trust takes time, doesn't take long to wreck it).

Yes, I am planning to post it manually like one or two posts a day.
For the RSI data, I am using an API that fetches the data from Binance, can't really disclose that for now.

Let's see how it goes, we have reached 30+ followers organically on Twitter though.

Twice a day sounds perfect.  Appreciate your efforts

[1715699635]

1715699635

[1715699635]

1715699635

[1715699635]

1715699635

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ImThour]

12:00 UTC

Bitcoin Average RSI is 48 ~ Neutral
Current Price: $39,021



Explanation

[hisslyness]

12:00 UTC

Bitcoin Average RSI is 48 ~ Neutral
Current Price: $39,021

Not sure what is meant to be interpreted from this Most Accurate RSI or what the purpose of it is.

If i was looking at this, i would say Bitcoin has been flat all week!.. No oscillation between over bought and over sold.... Just Neutral! No price swings from 34k-39k.

Please explain what the values are and how they are calculated, ie. are they 5min RSI Values from the same time 1 hours ago/1 week ago?

[ImThour]

Not sure what is meant to be interpreted from this Most Accurate RSI or what the purpose of it is.

If i was looking at this, i would say Bitcoin has been flat all week!.. No oscillation between over bought and over sold.... Just Neutral! No price swings from 34k-39k.

Please explain what the values are and how they are calculated, ie. are they 5min RSI Values from the same time 1 hours ago/1 week ago?

All the timeframes have their own values and it's calculated via this formula:
Source: https://www.investopedia.com/terms/r/rsi.asp


I am using an API to fetch the data, not calculating myself.

The intended use is as so:
Traditional interpretation and usage of the RSI are that values of 70 or above indicate that an asset is becoming overbought or overvalued and may be primed for a trend reversal or corrective pullback in price. An RSI reading of 30 or below indicates an oversold or undervalued condition.

What is Average RSI?
Average RSI is the sum of RSI's of different timeframes / No. of Timeframes

Source of Information:
Price from Coingecko API
RSI from Binance Wrapper

Oversold Condition Example
20th July, 2021 - 4 AM (UTC)
Price: $29,595

5m - 26
15m - 19
30m - 17
1h - 26
2h - 22
4h - 28
1d - 34
1w - 46

Average RSI: 27.25
Oversold

Overbought Condition Example
20th October, 2021 - 4 PM (UTC):
Price: $66,889

5m - 68
15m - 79
30m - 84
1h - 83
2h - 79
4h - 76
1d - 78
1w - 65

Average RSI: 76.5
Overbought

[ChartBuddy]

Explanation

[hisslyness]

Not sure what is meant to be interpreted from this Most Accurate RSI or what the purpose of it is.

If i was looking at this, i would say Bitcoin has been flat all week!.. No oscillation between over bought and over sold.... Just Neutral! No price swings from 34k-39k.

Please explain what the values are and how they are calculated, ie. are they 5min RSI Values from the same time 1 hours ago/1 week ago?

All the timeframes have their own values and it's calculated via this formula:

I am using an API to fetch the data, not calculating myself.

The intended use is as so:
Traditional interpretation and usage of the RSI are that values of 70 or above indicate that an asset is becoming overbought or overvalued and may be primed for a trend reversal or corrective pullback in price. An RSI reading of 30 or below indicates an oversold or undervalued condition.

What is Average RSI?
Average RSI is the sum of RSI's of different timeframes / No. of Timeframes

Source of Information:
Price from Coingecko API
RSI from Binance Wrapper

I wasn't asking about how to calculate RSI, one of the first technical indicators i looked at years ago when trading stocks.

I was more asking what makes up those values in the list. where they a representation of a 5min RSI in a giving time.. etc

But I think you have cleared it up... it is the RSI for that time frame for the stated time.

You should include a 3 day as well. I am not sure if the average is well represented, as there seems to be more time frames in "less than a day" vs "greater than a day".

[ImThour]

But I think you have cleared it up... it is the RSI for that time frame for the stated time.
You should include a 3 day as well. I am not sure if the average is well represented, as there seems to be more time frames in "less than a day" vs "greater than a day"

I am currently displaying all the time frames RSI available from the API currently.
Unfortunately, 3H is missing in it.

I like your suggestion and I might filter out 5 minutes from the chart.

[strawbs]

Saylor on bitcoin(crypto world)today with MacKenzie Sagalos.

Go short the currency, go long the property..and that's a time tested strategy by pretty much every successful investor.

CNBC
https://youtu.be/2vaf4bCgfYY?t=278

The whole clip is pretty good. Saylor distills it down so eloquently...though I would like to see him on a longer format more often..maybe Joe can get him on.

Peter McCormack had Saylor on his "What Bitcoin Did" podcast a few months ago. Worth listening to.
https://www.whatbitcoindid.com/podcast/bitcoin-is-digital-energy

[sirazimuth]

Off topic... (what else is new?)
A close friend of mine's band (the drummer) just released their latest single...

Fallen Off The Map

[ChartBuddy]

Explanation

[Hueristic]

We can't start having mutiple bots spamming but if everyone wants it added you wouldn't have an issue adding it would you?

I agree but that kinda depends on how that would work. (Though I'm not sure how I feel about adding it over all. Just saying that it's not completely trivial. I think there would need to be a consensus that people wanted it).

Absolutely and I would vote against it but that doesn't mean I wouldn't want it to have a chance if others wanted it.

[Paashaas]

Russia is probably getting kicked out of SWIFT.

[Arriemoller]

Russia is probably getting kicked out of SWIFT.

And...


https://twitter.com/IAPonomarenko/status/1497566974028697600

Not so sure about the swift thing, Germany is against it, they can't pay for their gas if they can't use swift.

[Arriemoller]

We can't start having mutiple bots spamming but if everyone wants it added you wouldn't have an issue adding it would you?

I agree but that kinda depends on how that would work. (Though I'm not sure how I feel about adding it over all. Just saying that it's not completely trivial. I think there would need to be a consensus that people wanted it).

Absolutely and I would vote against it but that doesn't mean I wouldn't want it to have a chance if others wanted it.

Here's my opinion on the matter. NO MORE FUCKING BOTS!!!

[Hueristic]

We can't start having mutiple bots spamming but if everyone wants it added you wouldn't have an issue adding it would you?

I agree but that kinda depends on how that would work. (Though I'm not sure how I feel about adding it over all. Just saying that it's not completely trivial. I think there would need to be a consensus that people wanted it).

Absolutely and I would vote against it but that doesn't mean I wouldn't want it to have a chance if others wanted it.

Here's my opinion on the matter. NO MORE FUCKING BOTS!!!

Rotflmfao!

tell us what you really think!

My earlier point being is if we add other bots they should all be correlated in one post, I.E. CB.

[suchmoon]

https://twitter.com/IAPonomarenko/status/1497566974028697600

Seems to be deleted and unlikely to be true given Turkey's position in the conflict.

Just like with Kremlin propaganda, posting clearly biased pro-Ukrainian tweets isn't the best source of news if that's what you're aiming for. It only takes a few minutes to cross check with other sources.

[modrobert]

Russia is probably getting kicked out of SWIFT.

Good news for Bitcoin.

[ChartBuddy]

Explanation