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

[Ami0]

”You know we’ve reached a unique time in history when Bitcoin suddenly is less volatile than fiat currencies. Bitcoin remained locked in an $18-20k range this week as the dollar index rallied +0.5%, the S&P 500 fell –3.1% and the British pound crashed to an all-time low”

Peter Saddington

[Rehan Zakir]

It's been 75% of 2022, which is the year of Bear Market.

Q1: Distribution at top.
Q2: Big red candle (FED increase rates, LUNA crash + Big startups/companies collapsed )
Q3: Sideway (ETH the Merge, Tesla sold BTC)

Let's start Q4.

From history experience:
+ BTC went very cheap after 1 year from the top of last cycle (Q4 2022)
+ Good time for HOLD is 1 year before the next halving (Q2 2023)
+ Bear zone + Accumulation zone is good time to train yourself (TA + FA)

Information source: https://t.me/CryptoRoseChannel/9676

[ChartBuddy]

Explanation

[philipma1957]

”You know we’ve reached a unique time in history when Bitcoin suddenly is less volatile than fiat currencies. Bitcoin remained locked in an $18-20k range this week as the dollar index rallied +0.5%, the S&P 500 fell –3.1% and the British pound crashed to an all-time low”

Peter Saddington

This is worth some merits

[ImThour]

Lets see what October can do for the Bitcoiners as Bitcoiners are hopeful.
Still market can be Excited I'm expecting such Surprise's from this months atleast break of 25k

Do you see 2014 and 2018? It's red. 2022 is almost same as 2018, same MA crosses leading it to reach 200 WMA.

[ImThour]

Hi bitcoiners!

Here is a trendline which Bitcoin is respecting since the start of downtrend.
Anything massive is about to happen before 18th, Oct.

The chart pattern is a Triangle which comes under Neutral Chart Patterns.

1D Trendline:


Closer Look:

[philipma1957]

Saylor's buying, so you can be sure the price absolutely will not sustain itself above $20k. We'll be below $19k next week as the world continues to offload this particularly useless risk asset in the midst of a financial crisis that only fiat can save us from. Hop on the USD lifeboat before it's too late.

Followed Proudhon and went USD baby!!  

The dollar is whaling

[El duderino_]

[ChartBuddy]

Explanation

[philipma1957]

I so wanted her ,her daughter and Demi Moore to do

"GI Jane II the slappening"

[bullrun2024bro]

Source: https://twitter.com/DaveTaylorNews/status/1576137253734076418

Credit Suisse seems likely. If true more pain ahead in October. 

[ChartBuddy]

Explanation

[ThemePen]

Do you see 2014 and 2018? It's red. 2022 is almost same as 2018, same MA crosses leading it to reach 200 WMA.

Congratulations on Tetra one. 1111

[ChartBuddy]

Explanation

[JayJuanGee]

It's been 75% of 2022, which is the year of Bear Market.

Q1: Distribution at top.
Q2: Big red candle (FED increase rates, LUNA crash + Big startups/companies collapsed )
Q3: Sideway (ETH the Merge, Tesla sold BTC)

Let's start Q4.

From history experience:
+ BTC went very cheap after 1 year from the top of last cycle (Q4 2022)
+ Good time for HOLD is 1 year before the next halving (Q2 2023)
+ Bear zone + Accumulation zone is good time to train yourself (TA + FA)

Information source: https://t.me/CryptoRoseChannel/9676

Zoom out a wee bit.

Establish yourself a longer term investment plan into BTC of 4-10 years or longer, and perhaps some form of front load accumulating, and sure you can take some other various individual strategies, but stop thinking that you will buy in and cash out in a year, even though that could be a subportion of your plan that would hopefully not involve all of the BTC that you have accumulated.

I understand that there can be a lot of ways to invest and even to go about accumulation of value in an investment portfolio; however, one of the best ways seems to be to continue to stack value in longer term value assets, such as bitcoin.. and it can take well over 10 years to really stack value.. unless you are already coming to the investment with value stacked in other places, yet even then sometimes people do not really tend to want to draw down on one asset and put it into another, such as bitcoin, so it can still take a decent amount of time to reach target accumulation levels.. perhaps a year or two... which has it's own dilemmas if you are considering that you would rather front load into BTC .. so in that regard there can be individual variation regarding how much to front load into BTC or how to do it exactly.

Still no matter how to slice your BTC investment, I doubt that it is healthy to consider buying a bunch now and then selling in two years is a healthy way of thinking.. but I understand why people have tendencies to think like that... even when it is likely not the greatest way to think about building longer term value and really meaningfully reaching fuck you status rather than constantly spinning wheels and never reaching fuck you status.. if that might be one of the goals, no?

[ChartBuddy]

Explanation

[JayJuanGee]

Saylor's buying, so you can be sure the price absolutely will not sustain itself above $20k. We'll be below $19k next week as the world continues to offload this particularly useless risk asset in the midst of a financial crisis that only fiat can save us from. Hop on the USD lifeboat before it's too late.

Followed Proudhon and went USD baby!!  

The dollar is whaling

Crazy that you have just crossed into your 10 year bitcoin anniversary, and you don't own bitcoin.

It's like you haven't learned anything nuttin...

All these years in bitcoin, and you haven't learnt nuttin anything.

65 and don't have any no BTC.  OMG!!!  

I have a hard time imagining not having no BTC.. especially in times like these..

Think about it (this is not really for you Philip, since you seem to be a lost cause of sorts.. seen many similar kinds of folks through the years who don't seem to know nuttin about bitcoin, even though they have spent quite a bit of time "dabbling" in bitcoin).

Bitcoin is below the 200-week moving average for more than 3.5 months now, and you think this is the time to get into dollars because they are luring you over with a 4% yield?..

Horey sheit..



Amazing..  Does not sound like a good mindset to me.. might even sound like a mindrustening of sorts..


You have been like an opposite indicator forever, no?


For example, you were buying quite a bit of bitcoin last year and a half or so when the BTC prices were in the $50ks.. and then now, what?  

Buy high and sell low does not seem to be a great practice, but maybe it works for some people who like to spin their wheels and never really get anywhere in terms of stacking sats and making progress towards fuck you status, if that happens to be a goal that some of us have (and surely some have reached).. have you reached fuck you status so you are "all in" a shitcoin (aka dollars?)..


Seems to me that this surely is not the time for folks to be adding to their dollar stash in any kind of meaningful way rather than accumulating my lil precious..

But, hey your mileage may very.. and hopefully not too many folks who come to this thread to learn about bitcoin will be following your whimpy, weak and seemingly opposite of what to do hands, even though doing the opposite of what seems logical will end up working out for you..

I have my doubts, but perhaps? perhaps? Never say never.

[philipma1957]

Saylor's buying, so you can be sure the price absolutely will not sustain itself above $20k. We'll be below $19k next week as the world continues to offload this particularly useless risk asset in the midst of a financial crisis that only fiat can save us from. Hop on the USD lifeboat before it's too late.

Followed Proudhon and went USD baby!!  

The dollar is whaling

Crazy that you have just crossed into your 10 year bitcoin anniversary, and you don't own bitcoin.

It's like you haven't learned anything nuttin...

All these years in bitcoin, and you haven't learnt nuttin anything.

65 and don't have any no BTC.  OMG!!!  

I have a hard time imagining not having no BTC.. especially in times like these..

Think about it (this is not really for you Philip, since you seem to be a lost cause of sorts.. seen many similar kinds of folks through the years who don't seem to know nuttin about bitcoin, even though they have spent quite a bit of time "dabbling" in bitcoin).

Bitcoin is below the 200-week moving average for more than 3.5 months now, and you think this is the time to get into dollars because they are luring you over with a 4% yield?..

Horey sheit..

Amazing..  Does not sound like a good mindset to me.. might even sound like a mindrustening of sorts..


You have been like an opposite indicator forever, no?


For example, you were buying quite a bit of bitcoin last year and a half or so when the BTC prices were in the $50ks.. and then now, what?  

Buy high and sell low does not seem to be a great practice, but maybe it works for some people who like to spin their wheels and never really get anywhere in terms of stacking sats and making progress towards fuck you status, if that happens to be a goal that some of us have (and surely some have reached).. have you reached fuck you status so you are "all in" a shitcoin (aka dollars?)..


Seems to me that this surely is not the time for folks to be adding to their dollar stash in any kind of meaningful way rather than accumulating my lil precious..

But, hey your mileage may very.. and hopefully not too many folks who come to this thread to learn about bitcoin will be following your whimpy, weak and seemingly opposite of what to do hands, even though doing the opposite of what seems logical will end up working out for you..

I have my doubts, but perhaps? perhaps? Never say never.

btc to the abyss.

But seriously I have over 140,000 doge why have btc?

here is why diversity in holdings.

I have a lot of gear mining btc as I type.
I will have a more gear in around two weeks.

[ChartBuddy]

Explanation

[hostm]

All people are buying bitcoin hard now but it still can go down by 40 - 50 % because exchanges have collected huge amounts of bitcoin. Moreover if you keep your bitcoin on exchanges they will use it to manipulate the market. So if you want bitcoin to go up, buy a ledger wallet and get it out of exchanges.