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

[ChartBuddy]

Explanation

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[dragonvslinux]

Best bottom indicator yet? Genuinely sounds like Peter is trying to troll himself here...

[somac.]

Good morning, I found something amazing.
This Indicator always called Bear signal on the lowest priced candle on 3W chart. Let's hope it won't be wrong this time too.

fingers crossed

[Hamza2424]

Good morning, I found something amazing.
This Indicator always called Bear signal on the lowest priced candle on 3W chart. Let's hope it won't be wrong this time too.

fingers crossed

I'm Excited with this Guy to Get Rich 🤑🤑🤑🤑

[shahzadafzal]

CB is love.

Bullish.... prove me wrong.

$21696.47
$21732.38
$21781.56

Proof

[pakhitheboss]

Best bottom indicator yet? Genuinely sounds like Peter is trying to troll himself here...

I do not think that is possible as I said earlier if, Bitcoin goes below 20k then institutional investors are leaving. If this happens then it is probably a red flag and we will see a low as 3k. I don't think it will happen as in general institutional investors would rather capatalize this opportunity or leave the market. Another important thing about institutional investers is that they always invest for long-term and that can be a minimum of 5 years or more.

[ImThour]

Good morning, I found something amazing.
This Indicator always called Bear signal on the lowest priced candle on 3W chart. Let's hope it won't be wrong this time too.

2W Timeframe shows it goes 50% down after Bear Signal, we are already 49% down.


I am convinced pretty much that bottom is in. I am 80% already in with an avg BTC buying of $22,003.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[savetherainforest]

Good morning, I found something amazing.
This Indicator always called Bear signal on the lowest priced candle on 3W chart. Let's hope it won't be wrong this time too.

2W Timeframe shows it goes 50% down after Bear Signal, we are already 49% down.


I am convinced pretty much that bottom is in. I am 80% already in with an avg BTC buying of $22,003.

That thing says we had a 52%$ and a 58%, while we are at 49%, that means we could easily do a nice 54% maybe 55%. How much would that be??        

Another $2K? or more??  

[ImThour]

Took some time to make a brief post on how we almost have Bitcoin bottom in.
https://bitcointalk.org/index.php?topic=5402844

Give it a read, would love to know what you think about it. 

[cAPSLOCK]

I still believe in the "supercycle".  Just want to say it here to prove how delusional I am.  But I really do.  I think we are very close to a point where money begins to flee to the stability of Bitcoin, when a critical mass of people will see that even when the price is oscillating people who store wealth in BTC will, over a medium sized window of time, protect their value at the price of (lessening) volatility.

And at some point we tip over into a race into the asset.

The hard part is what does "very close to a point" mean in a global sized, human lifetime duration event?  I don't know... in retrospect from today "really close" will easily be somewhere between 6 months and 10-20 years.  Very short periods of time if we are looking back on when it happened.

For example I think we are probably going to enter a worldwide depression that will at LEAST last 10 years, if not a quarter century.  And it may just be Bitcoin that shortens that macro cycle.

My bet is STILL on the sooner side...  I think within 1 bitcoin cycle.  A deterministic Poisson distribution just like finding blocks.  Always 10m out?  Always 4 years out.

Supercycle.  Sooner rather than later.  Feel free to remind me if I am wrong and we are still just creeping up in 4 year spurts 25 years from now... because you know I will be dancing around when I am right (and that should ONLY take about 4!)!

[savetherainforest]

That sh!t says 2 more weeks LOL.   

So we can expect a maximum of 59% ??  How much is that?? $14K??   

[cAPSLOCK]

Took some time to make a brief post on how we almost have Bitcoin bottom in.
https://bitcointalk.org/index.php?topic=5402844

Give it a read, would love to know what you think about it. 

I think it's quite good analysis.  Have always enjoyed your TA.

I do see a lot of people talking about the 200 MA.  When the timeframe is not specified do we naturally assume Weekly?  If not, I would only suggest specifying that.  And in Bitcoin I think I might use the 208.34 Week moving average.  But symmetry is my thang.

[ImThour]

Took some time to make a brief post on how we almost have Bitcoin bottom in.
https://bitcointalk.org/index.php?topic=5402844

Give it a read, would love to know what you think about it. 

I think it's quite good analysis.  Have always enjoyed your TA.

I do see a lot of people talking about the 200 MA.  When the timeframe is not specified do we naturally assume Weekly?  If not, I would only suggest specifying that.  And in Bitcoin I think I might use the 208.34 Week moving average.  But symmetry is my thang.

Thanks cAPSLOCK!

200 MA Weekly was my initial plan in Feb 2022 and it already got executed. Price is currently under it as of now.
I think Greed is taking over people's mind and they are now waiting for more crash.

No one can time the market accurately so $20k is the best buying possible as of now according to my analysis.
Let's see how it goes in near future. <3

[goldkingcoiner]

Too many newbies on the forum asking for price predictions using TA.

You look at 100k and decide if 21k is enough of a discounted price for you. Thats all the TA you ever need. You really do not need a chart to know that the point of every dip/dump is to buy cheap coin. I would say buy now and sell at never. How many more times are people going to flip flop trade before they realize, that in the end they would have had more coins if they just HODL'd.

But they keep on with their TA while hoarding "stablecoins" that they bought with fiat. What are they, a glutton for punishment?  

[ImThour]

Simplest Technique which has given us bottom in call in all the previous cycles.
25 EMA crossing 100 MA on Weekly Chart. 

Don't wait for another bottom, chances are you will miss it out.

[vapourminer]

200 MA Weekly was my initial plan in Feb 2022 and it already got executed. Price is currently under it as of now.
I think Greed is taking over people's mind and they are now waiting for more crash.

No one can time the market accurately so $20k is the best buying possible as of now according to my analysis.

my lowest buy this dip was at ~24.5k usd. if this is the bottom thats close enough for me. it was a buy i had set up months ago and i actually forgot about it till it triggered.

ive been on cruise control for a long time and dont try to time anything. seems to work well enough.

edit: i though i saw cramer on squawk box a couple days ago say he sold the last of his bitcoin when it was ~20k. pretty good indicator to me lol

[ImThour]

my lowest buy this dip was at ~24.5k usd. if this is the bottom thats close enough for me. it was a buy i had set up months ago and i actually forgot about it till it triggered.

ive been on cruise control for a long time and dont try to time anything. seems to work well enough.

I am calling it bottom this week 101%. Lowest we can go in 3 days, $18k. That's it imho.
There can be a long ass wick however closing will be pretty much be up 2017 ATH levels.
Long term, very safe bet.

[savetherainforest]

Simplest Technique which has given us bottom in call in all the previous cycles.
25 EMA crossing 100 MA on Weekly Chart. 

Don't wait for another bottom, chances are you will miss it out.

So we are already in week 4 of 5 so we need 1 more week to get 5/5 next week.