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

[sirazimuth]

https://twitter.com/btc_archive/status/1562169257198321666?s=21

Every couple of months or so, with a few mouse clicks, I convert all my accumulated rewards points on my daily use PayPal credit card into bitcoin.
I use the card for all my purchases and is paid off automatically every month with no interest.
Free bitcoin.
Pretty much a no brainer really.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Gachapin]

since buddy doesn't go up, I fear we might see another leg down

(hope I'm wrong ofc)

[AnotherAlt]

Hey Guys. I hope you guys hear of Midjourney AI Discord server. This can art your imagination from your text. Just go to their server and type /image your imagination here. Last night I tried some interesting commands. According to Midjourney AI, This is what Satoshi Nakamoto looks like. The Command Was

Code:

 /imagine Satoshi Nakamoto founder of Bitcoin

[cAPSLOCK]

[JayJuanGee]

since buddy doesn't go up, I fear we might see another leg down

(hope I'm wrong ofc)

What do you mean by down?

Down lower than our current price, which is $21,200-ish? or down below $17,593?  or some other kind of down?

By the way, our price slope from June 18 (when we reached $17,593) to present appears to be gradually sloping up.. so you are thinking that the sloping up is not making u feel good enough..? or the slope up is not sufficiently breaking above certain price points -  accordingly, the highest of which was $25,212 - 9 days ago.. then you are maybe saying that a fear of the BTC price going down starts to form rather than any possibility that the price might continue to slope UPpity?

Edited: fixed some ambiguous wording..

[Gachapin]

Bitcoin is a Darwinian filter that rewards open minded and determined realists with economic power

[ChartBuddy]

Explanation

[Gachapin]

since buddy doesn't go up, I fear we might see another leg down

(hope I'm wrong ofc)

What do you mean by down?

Down lower than our current price, which is $21,200-ish? or down below $17,593?  or some other kind of down?

By the way, our price slope from June 18 (when we reached $17,593) to present appears to be gradually sloping up.. so it the sloping up is no to enough.. or not breaking above certain price points- the highest of which was $25,212 - 9 days ago.. then a fear of the BTC price going down starts to form rather than any possibility that the price might continue to slope up?

It's make or brake for the slope rn

I hope it holds and that people are clever enough to buy at these prices and these inflation numbers. But you never know what the big boys have in their playbook for us

[In the silence]

Expecting to make new high and leaving the range.[1H]
will take profit from target and observe the new range for potential reversal to the downside.

Explanation

Waiting for you to post 22.3k

What is special about $22.3k (besides maybe that you have some sell orders placed there?)?

Im DCAing. 

[JayJuanGee]

Expecting to make new high and leaving the range.[1H]
will take profit from target and observe the new range for potential reversal to the downside.

Explanation

Waiting for you to post 22.3k

What is special about $22.3k (besides maybe that you have some sell orders placed there?)?

Im DCAing.  

Trading and DCAing are not the same thing.. even though there are ways to supplement a DCA strategy with trading...you can buy on dips, and you can lump sum buy, and you can sell on the way up.. but I don't recommend selling in order to accumulate more BTC until you are sufficiently overly invested into it, and determining the extent to which you are "over invested" remains an individual discretionary matter in which reasonable persons (guys and gals) can vary in their thinkenings on the topic.

Maybe go give us a wee bit more bones to chew upon, why don't you describe what you are doing a wee bit more better In the silence?  

For example, how long have you been in BTC and what kind of timeline and/or accumulation strategy do you have in terms of DCAing and how much are you supplementing with trading?   Do you have accumulation targets in terms of your level of cashflow or in terms of the percentage of your investment portfolio, or are you engaged more in gambling techniques rather than investment techniques?

Furthermore, to answer any or all of my questions, don't feel that you need to give away specifics about your portfolio size.. just general ideas regarding overall what you are trying to accomplish without having to necessarily discloser personal privacy matters... unless you want to, but it is kind of against our ideas of "best practices" in this thread to be sharing too many personal details, but there are still ways that you can describe what you are doing and what you are trying to achieve without necessarily getting into disclosures about yourself, exactly.. and you can also use hypotheticals to attempt to describe what you are doing.. generally speaking.

[xhomerx10]

I understand the message but the paper that US money is printed on is a special blend of cotton and linen (flax fiber) so the notes are not derived from the wood fiber of trees.  It is a fact that money doesn't grown on trees but only on domesticated plants; the same ones we use to make our undergarments.

[JayJuanGee]

I understand the message but the paper that US money is printed on is a special blend of cotton and linen (flax fiber) so the notes are not derived from the wood fiber of trees.  It is a fact that money doesn't grown on trees but only on domesticated plants; the same ones we use to make our undergarments.

technically speaking You are amongst the BIGGEST of nerds homer, that I never did meet (even though I feel as if I know you.. what irony, no?).

 

[In the silence]

Expecting to make new high and leaving the range.[1H]
will take profit from target and observe the new range for potential reversal to the downside.

Explanation

Waiting for you to post 22.3k

What is special about $22.3k (besides maybe that you have some sell orders placed there?)?

Im DCAing. 

Trading and DCAing are not the same thing.. even though there are ways to supplement DCA strategy with trading.

Why don't you describe what you are doing?  How long have you been in BTC and what kind of timeline and/or accumulation strategy do you have in terms of DCAing and how much are you supplementing with trading?

Furthermore, to answer my questions, don't feel that you need to give away specifics about your portfolio size.. just general ideas  regarding overall what you are trying to do without having to necessarily discloser personal privacy matters.

Yes, trading and DCAing, though primarily DCA. Since I'm still learning how to trade, I buy spot when I feel satisfied with the dip. I've been using bitcoin for almost 7 years, but not as OG you guys. I faced adversities before that hindrance my storing, but given the current state of the economy, I'm making a new start by storing sats. I only trade with paper money or demo account.

Thank you for your interest mate!

[Greyhats]

Been dca’ing a good bit from ath all the way down to current low. I adjusted by dca over the last few months where 50% would go to purchase on the day and 50% added to ladders down. Worked out well in these last few months have accumulated a nice amount. I set a target for myself with a duration of 3 yrs and I’m about 35% of that accumulation target, but I’m unsure as whether to continue splitting or just shift more into 100% buy on the day. What say you savy WO folks?

[ChartBuddy]

Explanation

[Biodom]

Most people expect some student loan cancellation tomorrow.
Imho, almost everyone would get mad. Some because they don't want anything cancelled, some because they still have a ton after subtracting $10K.
$10K is probably a small part of a typical private (or even public) university student loan situation.
Unfair!?
See what monkeys do in this situation:
https://www.youtube.com/watch?v=-KSryJXDpZo
TL;DV: they get upset

Perhaps, DXY would drop and bitcoin would rally, though...at least this is what I would expect, but markets lately do crazy moves.

[ChartBuddy]

Explanation