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

[ChartBuddy]

Explanation

[1714843725]

1714843725

[1714843725]

1714843725

[Khanvila78]

https://twitter.com/BitcoinMagazine/status/1540099440794632198

[ChartBuddy]

Explanation

[cygan]

[ChartBuddy]

Explanation

[Botnake]

The bear market is not over yet IMO, but is there a reason to panic? Nah, we are here to party everytime the price drop because this kind of opportunity does not come on a daily basis, believe me, when the bull run comes, these weak hands would say that " I wish I bought a lot when the price dump".

Where's the spirit of "HODL" now?

Me, I'll hold even if bitcoin will tur $1k

[Ramiza]

The bear market is not over yet IMO, but is there a reason to panic? Nah, we are here to party everytime the price drop because this kind of opportunity does not come on a daily basis, believe me, when the bull run comes, these weak hands would say that " I wish I bought a lot when the price dump".

Where's the spirit of "HODL" now?

Me, I'll hold even if bitcoin will tur $1k

Is this another crypto winter? Is it a crash? Most analysts say that what crypto investors are witnessing isn’t a crash, but a correction. Even if this is a crash, now is not the time to panic.

Stockhead lists a few handy lessons from experts on how to ride this out ❄️

https://stockhead.com.au/cryptocurrency/winter-is-coming-or-has-it-been-anyway-heres-how-to-survive-a-crypto-decline/

[ChartBuddy]

Explanation

[Gachapin]

That's exactly why I somehow hesitate to share my positivity about Bitcoin with anyone who asks me about it. 
Most of them take it as financial advice, even when I tell them it's not.

Nobody comes around and thanks you, when they make gains. But as soon as 5% paper losses from volatility appear they certainly make sure to blame you for their investment decision.

Fucking retards.

[Gachapin]

So by 2030 we will bet on "when JJG word count parity?" price predictions?
Very nice!  

even Bitcoin cannot go that high in price...  #JJGPOW

I like your sense of humor. #nohomo
It's good to see that some peeps are entering WO having fun times, especially when the bears are back in town...

Thanks  

Actually the price sucks (even when we all dreamed of these prices 6 years ago).

However, in this 3rd bear I know how to go through my feelings way better than before...  The BTC rollercoaster is quite some therapy, I can tell  

[ChartBuddy]

Explanation

[Torque]

Dance monkey, dance

[Gachapin]

Dance monkey, dance

dotard abuse

[Pesona1]

The bear market is not over yet IMO, but is there a reason to panic? Nah, we are here to party everytime the price drop because this kind of opportunity does not come on a daily basis, believe me, when the bull run comes, these weak hands would say that " I wish I bought a lot when the price dump".

Where's the spirit of "HODL" now?

Me, I'll hold even if bitcoin will tur $1k

You are really a true bitcoin fighter  
The phenomenon that is happening now seems to have drowned those who continue to say "IF BUY or IF HOLD" when bitcoin reaches ATH before, and maybe when the bitcoin price will rise again, they will reappear to the mainland saying: "I wish I had the courage to hold on and enter during the bearish phase of bitcoin".
I think when the price of bitcoin goes up high enough some of us expect the price to come back down to be able to buy, but when the market weakens like it is now I think they start hiding in the corner of the room  .

[proudhon]

This is the short opportunity of a lifetime.

[shahzadafzal]

This is the short opportunity of a lifetime.

So what’s the plan? Buy moar!!!

[Blue King]

UK is falling behind other countries when it comes to Bitcoin and crypto adoption - Former Chancellor of the Exchequer..


Link: https://twitter.com/BTC_Archive/status/1540258567252484096

[dragonvslinux]

Some hopium for WO, though starting to think y'all don't need it anymore  

After reaching similar oversold levels to January this year (~20), yesterday Bitcoin closed it's first Daily candle above oversold levels (<30) on the Relative Strength Index (RSI):



In January this led to a 35% increase in price from $35K to $48K in the months to follow, but in May this was only a dead cat bounce from $28K to $32K before further downside. The equivalent rebound in percentage terms, even if price is to go lower, would be $19K to ~$25K. Meanwhile, the Weekly RSI remains considerably oversold after reaching lower levels ever seen and is currently 27.5.

For traders of the RSI, the "reliable trade" is to buy when price leaves oversold conditions, as opposed to when price enters oversold conditions (bad idea), as it price can remain oversold for a considerable amount of time (though stop losses for this trade aren't factored in). In this case price entered oversold conditions around $25K down to $17.5K, while breaking out of oversold territory at $21.1K.


Likewise with some bullish sentiment, the Daily MACD is close to a bull-cross. Though not a fan of this indicator as has as many fake-outs as confirmations:



The fact that price is so far away from moving averages should be the more relevant aspect here. For example -50% from the 3 Day 200 MA, similar to previous bear market bottoms, -45% from the 200 Day MA (after falling -55% below it), or falling 60% below the 50 Week MA. This is all very similar to previous bear market (and their bottoms), where price completely detaches itself from it's realistic averages.

I should point out though this Daily bullish hopium doesn't change that the Weekly remains oversold, and without leaving oversold conditions, price can only go lower.

[xhomerx10]

HAPPY MIDSUMMER EVERYBODY!!

 After watching the movie by the same name, I'm not sure I could ever have a happy one again!

[serveria.com]

This is the short opportunity of a lifetime.

That's proudhon's way of telling you ALL IN!!!