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

[ChartBuddy]

Explanation

[1714179761]

1714179761

[1714179761]

1714179761

[JayJuanGee]

A simple thesis:

A 'premature' top (at 69K) suggests less downside (aka 17.6K at minus 74-75%) as the bottom.

I am not sure whether this 'mild' cycle suggests that the next one would be even milder or more ferocious (on both upside and downside).
I am 55/45 on this, but if milder still next time, then next top would be somewhere at 84K and next bottom at $29.6K.
Seems a bit lower from what I expected, so maybe cycle being even milder would not be in the cards.
If the same params as the last one, then 240K top and 60K-96.8K bottom (this seems a bit optimistic from here and now).
Honestly, i think that the price of btc at the halving should be a signal to where the top might be.
many people predict 40K at the halving and if so, $240K seems doable.

For me, 70K-100K is a dead zone for two reasons. First, when a new ATH occurs, the FOMO will not allow just a 10%-20% ATH. Second, 100K is a psychological laser focus for many and hardly any hodler will be willing to sell below 100K, especially when we already have an ATH above 80K. So if we have a normal bull market we can expect an ATH above 100K. How far it will go depends on many factors. It is likely that traders will be even more cautious and instead of the previous 3.5x ATH over the old, we will have 1.5-2.5x ATH in the area between 115K and 170K. For me, 170K would be the ideal ATH given the current situation.

And the current situation, we must admit, remains extremely unpredictable. It is not yet clear whether the domino effect has ended and there will be no more bankrupt companies. The whole institutional offensive has yet to be restarted and companies that are not ponzis but real investors, like Microshares, to step up. I personally do not think that in 2 years something will change in this regard. Hopefully the price will keep oscilating between 20K and 40K. The other option of oscilating below 17K will be a complete disaster. In that case, many more investors will capitulate which could further delay the new ATH. This would be something new for Bitcoin and it looks the least probable prediction, but who knows! In any case the ballsy DCAing is the right choice.

You are still pretty damned bearish.. but sure.. good punchline overall in regards to a potentially ballsy DCAing strategy.

[Cryptolove20015]

Today, the U.S. Senate passed a $740 BILLION Inflation Reduction Act to battle inflation by:


Source: Bitcoin Magazine.

[Hamza2424]

Today, the U.S. Senate passed a $740 BILLION Inflation Reduction Act to battle inflation by:


Source: Bitcoin Magazine.

They printing more money to fight the Inflation wow what Revolutionary act passed explain the mechanism how they going to take over it. Its impossible to controll as Demand and Supply Principal is Always Violated in economics revolution acts.
A simple thing how you are goint to controll inflation if you have no assets to Burn the total Minted or Printed Money.

Burning is only solution which seems impossible government cant manage such high burning of Money as If they implies.some bonds system. Now you should except the Fact & Beauty of crypto / Sorry Beauty of BTC

[ChartBuddy]

Explanation

[galambo]

Everyone hate 9 to 5 job but still we have to do that. Crypto is a new way to earn income. Thanks to crypto I can now afford a better life style.



https://twitter.com/imodernman/status/1556018554918649856?t=fLbKurAyY-5lMkIKTs54Zw&s=19

[BitcoinBunny]

Nice little BTC price erection.

[ChartBuddy]

Explanation

[Cat c]

"Be your own bank" #Bitcoin tram in Hong Kong 🇭🇰

source

[Hamza2424]

How saving money works:

                                   your money
#bitcoin     =       ——————
                                   21,000,000

                                   your money
everything     =       ——————
      else                      ♾ infinite

Thats Good Formula over the time,
https://twitter.com/DocumentingBTC/status/1556322019435741184?t=P28fPprQFLubPMEL-1RT5Q&s=19

[Wilhelm]

Everyone hate 9 to 5 job but still we have to do that. Crypto is a new way to earn income. Thanks to crypto I can now afford a better life style.



https://twitter.com/imodernman/status/1556018554918649856?t=fLbKurAyY-5lMkIKTs54Zw&s=19

Well I'm happy not to live in the USA.
We get way more vacation with a regular job. Also job security is way better. Sick leave no matter how long you need to recover, etc.

Americans think they live in the most free country in the world but that's simply not true.

[BitcoinBunny]

Everyone hate 9 to 5 job but still we have to do that. Crypto is a new way to earn income. Thanks to crypto I can now afford a better life style.



https://twitter.com/imodernman/status/1556018554918649856?t=fLbKurAyY-5lMkIKTs54Zw&s=19

Well I'm happy not to live in the USA.
We get way more vacation with a regular job. Also job security is way better. Sick leave no matter how long you need to recover, etc.

Americans think they live in the most free country in the world but that's simply not true.

Yet average GDP for every EU country except for Luxemburg is still lower than that of the USA.

Certain job sectors in fact across Europe such as IT pay pittance salaries compared to the USA. Sure, you only have private healthcare in the States but it is also of a much higher quality.
Many Europeans need to flock exactly to the States to get experimental cancer treatments simply not available in Europe.

I think you are pretty much the definition of an ignorant European who stupidly have outsourced energy security to a country you for some bizarre historical reason hate and you have also installed countless layers of government thinking it will protect you from trouble where in fact it is turning into a similar political setup that Adolf Hitler wanted to achieve: Germany in control and no one else gets a say. When someone wants to leave said political system such as the UK you shame them and completely forget it was them who saved your asses from all speaking German or Russian by now.

It is also my understanding that the once secure job market in the likes of The Netherlands now with year only contracts is nowhere near as safe as it used to be. Plus the constant mumblings over ditching the mortgage tax break would make the average worker / mortgage payer much poorer if it were to go.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Wilhelm]

Everyone hate 9 to 5 job but still we have to do that. Crypto is a new way to earn income. Thanks to crypto I can now afford a better life style.



https://twitter.com/imodernman/status/1556018554918649856?t=fLbKurAyY-5lMkIKTs54Zw&s=19

Well I'm happy not to live in the USA.
We get way more vacation with a regular job. Also job security is way better. Sick leave no matter how long you need to recover, etc.

Americans think they live in the most free country in the world but that's simply not true.

Yet average GDP for every EU country except for Luxemburg is still lower than that of the USA.

Certain job sectors in fact across Europe such as IT pay pittance salaries compared to the USA. Sure, you only have private healthcare in the States but it is also of a much higher quality.
Many Europeans need to flock exactly to the States to get experimental cancer treatments simply not available in Europe.

I think you are pretty much the definition of an ignorant European who stupidly have outsourced energy security to a country you for some bizarre historical reason hate and you have also installed countless layers of government thinking it will protect you from trouble where in fact it is turning into a similar political setup that Adolf Hitler wanted to achieve: Germany in control and no one else gets a say. When someone wants to leave said political system such as the UK you shame them and completely forget it was them who saved your asses from all speaking German or Russian by now.

It is also my understanding that the once secure job market in the likes of The Netherlands now with year only contracts is nowhere near as safe as it used to be. Plus the constant mumblings over ditching the mortgage tax break would make the average worker / mortgage payer much poorer if it were to go.

It's all relative. Cost of living in the US is insane. Job security is non-existent. And salaries are low if you take cost of living into account.

The healthcare argument is a stupid one. USA ranks 18th in the world and my little postage stamp of a country ranks higher. For experimental treatments of cancer the Netherlands, Germany, the UK and France rank the highest in the world.

And you can have the best in the world but who cares if you can't get access to it. If I get cancer, I get helped. You get cancer it's a big fuck-you if you can't pay hundreds of thousand dollars.

Edit: I'm in the Netherlands and here you have a 1 year contract. They can extend it twice and then they must give you a permanent running contact. It's been like this for a long time.
But a full contract is usually a negotiation point. Haven't heard that anything changed, but it doesn't affect me as a contracter.

[Republikcoin.com]

Bitcoin is pretty going uptrend this morning, now at $23.7k and is fast increasing, where are the haters that think its sinking down on a shipwreck! The target must beat $24k with all hopes today, those that have invested made the right decision.

Today the Bitcoin price has exceeded $24K even though it hasn't reached $25K yet, which is still a good thing to say because there are still people who will benefit at the current price if someone has bought Bitcoin for under $20K this year. So there is no need to see and hear anything said by Bitcoin haters as long as you still really believe in Bitcoin.

[WatChe]

Either way it's a win win situation for government bodies.



Image source

[Paashaas]

Everyone hate 9 to 5 job but still we have to do that. Crypto is a new way to earn income. Thanks to crypto I can now afford a better life style.



https://twitter.com/imodernman/status/1556018554918649856?t=fLbKurAyY-5lMkIKTs54Zw&s=19

Well I'm happy not to live in the USA.
We get way more vacation with a regular job. Also job security is way better. Sick leave no matter how long you need to recover, etc.

Americans think they live in the most free country in the world but that's simply not true.

Yet average GDP for every EU country except for Luxemburg is still lower than that of the USA.

Certain job sectors in fact across Europe such as IT pay pittance salaries compared to the USA. Sure, you only have private healthcare in the States but it is also of a much higher quality.
Many Europeans need to flock exactly to the States to get experimental cancer treatments simply not available in Europe.

I think you are pretty much the definition of an ignorant European who stupidly have outsourced energy security to a country you for some bizarre historical reason hate and you have also installed countless layers of government thinking it will protect you from trouble where in fact it is turning into a similar political setup that Adolf Hitler wanted to achieve: Germany in control and no one else gets a say. When someone wants to leave said political system such as the UK you shame them and completely forget it was them who saved your asses from all speaking German or Russian by now.

It is also my understanding that the once secure job market in the likes of The Netherlands now with year only contracts is nowhere near as safe as it used to be. Plus the constant mumblings over ditching the mortgage tax break would make the average worker / mortgage payer much poorer if it were to go.

It's all relative. Cost of living in the US is insane. Job security is non-existent. And salaries are low if you take cost of living into account.

The healthcare argument is a stupid one. USA ranks 18th in the world and my little postage stamp of a country ranks higher. For experimental treatments of cancer the Netherlands, Germany, the UK and France rank the highest in the world.

And you can have the best in the world but who cares if you can't get access to it. If I get cancer, I get helped. You get cancer it's a big fuck-you if you can't pay hundreds of thousand dollars.

Edit: I'm in the Netherlands and here you have a 1 year contract. They can extend it twice and then they must give you a permanent running contact. It's been like this for a long time.
But a full contract is usually a negotiation point. Haven't heard that anything changed, but it doesn't affect me as a contracter.

European countries always dominate the top 10 index, better quality of life.


https://happiness-report.s3.amazonaws.com/2022/WHR+22.pdf

[ChartBuddy]

Explanation

[shahzadafzal]

One day!!!!