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

[PoolMinor]

It's a new day and there's a new cheat sheet. Note circled in green, we are here. Similar to the new cheat sheet I made in December 2021. 

[1714866464]

1714866464

[ChartBuddy]

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[ChartBuddy]

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[HI-TEC99]

Elon Musk's announced he's not buying twitter anymore.

https://www.bbc.com/news/business-62102821

He should use that $44bn to buy bitcoin instead.

[ChartBuddy]

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[ChartBuddy]

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[Richy_T]

Maybe they need more guns?

That's a trick question. Who doesn't?

[WatChe]

Finally, after 8 months of waiting we have a dead cat bounce! And all this because of the "good news" of some ponzis paying fiat debt and getting back their BTC collateral. Once again the market is irrational. These ponzis are specialized at coordinated BTC shorting to give the clients the proper yield in BTC. My guess is that they will wait for the cat to stall somewhere in the 26K-35K range, to resume the shorting.
~snip~

I was hoping that all these companies would fail, which would be the best sequence of events regardless of the negative impact on Bitcoin in the short term. However, as things stand, this crypto circus will continue and people will continue to believe in fairy tales after all - because irrational behavior during the pandemic has become even more pronounced than before.

Can't agree more. There is hardly any prediction that has gone true regarding bitcoin price, evident from historical dafa. Yesterday I read a tweet where its written by a popular social media crypto guy that "bitcoin wont be traded under 20k again".
Everyone can predict there future price but the fact is there is no way we can determine future price of bitcoin. That's positive or negative aspect of decentralized cryptocurrency aka bitcoin.

[Republikcoin.com]

Can't agree more. There is hardly any prediction that has gone true regarding bitcoin price, evident from historical dafa. Yesterday I read a tweet where its written by a popular social media crypto guy that "bitcoin wont be traded under 20k again".
Everyone can predict there future price but the fact is there is no way we can determine future price of bitcoin. That's positive or negative aspect of decentralized cryptocurrency aka bitcoin.

I think it's also a very natural thing when a human being can't determine the price of bitcoin in the future. Because if a human being can determine the price of bitcoin in the future, then everyone will get rich faster and they also know when they will be rich. So this is what is called price fluctuations which are always difficult for anyone to predict, so they often miss what they say.

[Hamza2424]

I was watching the whole CZ and FTX Twitter Show haha that made feel to post a meme as

[ChartBuddy]

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[ChartBuddy]

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[WatChe]

Can't agree more. There is hardly any prediction that has gone true regarding bitcoin price, evident from historical dafa. Yesterday I read a tweet where its written by a popular social media crypto guy that "bitcoin wont be traded under 20k again".
Everyone can predict there future price but the fact is there is no way we can determine future price of bitcoin. That's positive or negative aspect of decentralized cryptocurrency aka bitcoin.

I think it's also a very natural thing when a human being can't determine the price of bitcoin in the future. Because if a human being can determine the price of bitcoin in the future, then everyone will get rich faster and they also know when they will be rich.

With so much predictions going on one also need to be careful in following these predictions. One must DYOR before making any move. If you blindly follow these predictions like the one I mentioned then there is no guarantee of profit.

So this is what is called price fluctuations which are always difficult for anyone to predict, so they often miss what they say.

There won't be many people who have bought bitcoin at 10k (before current bull run) and sold it at 67k. There are always margin at which one sell off. It will be easy if we stop chasing maximum profit rather chase our targeted profit.

[ChartBuddy]

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[ChartBuddy]

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[serveria.com]

It's a new day and there's a new cheat sheet. Note circled in green, we are here. Similar to the new cheat sheet I made in December 2021. 

What if this cycle is rolling faster and we're somewhere between depression and disbelief? 

[serveria.com]

It seems to me that people are getting a little too comfortable with the idea that the bottom is behind us.  Especially as the mtgox coins are closer to being distributed.  Granted, as soon as the mtgox cloud over the market is no more, we should see a monster rally.  People going long right now though are taking a pretty big gamble that the market will be able to absorb more than 100K BTC.  I'm not a market timer, but I'd be careful here.  The market appears to be setting itself up for a pretty buy 'buy the rumor, sell the news' moment.  DCA is always a good idea, but if I were betting the farm all in one spot, I'd wait until we see how the market reacts to the gox coins.  I'd rather lose a few % on the upside than risk losing half because I wanted to grab the absolute bottom.

This guy is a well-known bear. I personally don't remember a single bullish post from him. Doom, gloom, blood in the streets, sell, sell, sell...  DYOR.

[cygan]

[ChartBuddy]

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[OutOfMemory]

Hey, hodl people, GM  


A long night's result, NGC 6533 in 200mm view:
(Polar alignment slightly off, there is some motion blur on the stars, because i had 3 minutes of exposure time on each of 45 photos)
Have a nice day, i'm going to catch some sleep