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

[ChartBuddy]

Explanation

[1714573227]

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[1714573227]

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[JayJuanGee]

[edited out]

thanks this was helpful. but I personally will continuing to sell into this rally. I really don't think we will see a repeat of April 2019, the capitulation this time didn't push price That far under fair value. and for the record, i'm not shorting, just spot trading, so i cannot be liquidated.

Wow!!!!  You are even more amazing than I originally had thought TrustedBitcoiner, especially since you are not using leverage..

That's good.. I think.





It's like being dumb, but less dumb.

 




What else would we do in this thread if we did not have actual real world examples to share their experiences (of what not to do) herein?

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Negotiation]

I won't mind ranking you up.
But, Follow some basic ethics.
Make sure your post doesn't look like you are desperate for merits.
Congratulations on your new Rank.
I hope you do not support Bitcoin cash anymore

Yeah Mate also thanks helping hand for rangking up.

I hope you do not support Bitcoin cash anymore

I strongly never support "Bitcoin cash", when I made that post was I a new member and had no idea about anything. I misplaced the post for my apology.

[ChartBuddy]

Explanation

[shahzadafzal]

Guys did you see tits this... If you look closely, there's a W... W for Win ... W for Wall observer

https://www.reddit.com/r/Bitcoin/comments/10du9y2/if_you_look_closely_theres_a_w_so_this_means_a/

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Unknown Op]

WO's user Which pattern #Bitcoin BTC show?? 



https://twitter.com/CarlBMenger/status/1615113526078590976?t=lTHddVSNuHOGH2gIktaN4w&s=19

[aesma]

The Bank for International Settlements (BIS) has now allowed banks to now hold 2% of their reserves in cryptocurrencies as per its recently released Prudential Treatment of Crypto Asset exposure report for December 2022. In June, the BIS had allowed only a few banks to hold not more than 1% of their reserves in cryptos.

https://www.investing.com/news/cryptocurrency-news/bis-allows-banks-to-hold-2-of-their-reserves-in-cryptocurrencies-2966647
Don't shoot the messenger, I didn't pick the wording

There is an exponential aspect to doubling.

In regards to bitcoin specifically, I would suggest anywhere between 1% and 25% for someone who is a responsible grownup.. so yeah, maybe banks have to work their lil selfies up towards the higher end of the range... .. but if they are actually contemplating shitcoins or "crypto" then fuck that nonsense, I am not even sure if 1% would be tolerable for that.. maybe 0.25% at most?... or maybe up to 1% of the bitcoin amount.

Been having a hard time finding particulars such as what banks are under their purview and exactly what the term "cryptocurrencies" means to them.

Hopefully shitcoins are not on that list but even if they were I don't see institutional banks receiving capitol from national treasuries as foolish enough to do a  full retard coinbase.

2% in ape NFTs and memecoins :d

For reference:

Baby boomers: 1946 to 1964.
Generation X: 1965 to 1980.
Millennials: 1981 to 1996.. <——— Most of us fall here, Am i right?
Gen Z - aka Zoomers - mid-to-late 1990s to early 2010s

This data is for US but I guess can be generalized for other places too.


https://twitter.com/documentingbtc/status/1615082440510373911

(Tbh, the gen z roasts are way funnier than the other reply that she really wanted... but then again, jmho and I maybe bias...)

The gen Z ones hurt more, too. Making them look really dumb and useless.

23% Gen Z adults owns bitcoin. Are we underestimating them?

That graph lacks the most important thing : do these people own the keys ?

[Gachapin]

WO's user Which pattern #Bitcoin BTC show??  



https://twitter.com/CarlBMenger/status/1615113526078590976?t=lTHddVSNuHOGH2gIktaN4w&s=19

Posting almost the same joke shahzadafzal posted 2 hours ago...  good work buddy...

would you do me a favor:
if you don't really read this thread, please stop posting here... have a little respect for this place


@sirazimuth ...I'm really giving my best to not sound condescending in cases like this... but it's hard man...

[Gachapin]

......


https://twitter.com/documentingbtc/status/1615082440510373911

That graph lacks the most important thing : do these people own the keys ?

Absolutely. They should do the survey with that question instead of "do you own Bitcoin"

[ChartBuddy]

Explanation

[dragonvslinux]

Ok now is starting to look like bull flag on short-term time-frame, after failing ascending triangle break-out. Still expecting a fake-out to higher levels above $21.5K but this ain't no shorting range.

if that's not a good price point to short what is?
this has been one hell of a pop, I fully expect a strong pull back, maybe even retesting 15.5k.

When it breaks down from the bull flag. Not within it, unless you're scalping resistance to support that is, as it's a bullish continuation pattern until proven otherwise.

If we go back down to $15.5K, you can expect much lower than that though.

either way if it breaks up sell because the move is way over extended, or if it breaks down short cuz its going down.

[edited]

thanks this was helpful. but I personally will continuing to sell into this rally. I really don't think we will see a repeat of April 2019, the capitulation this time didn't push price That far under fair value. and for the record, i'm not shorting, just spot trading, so i cannot be liquidated.

Ok well that makes my point about shorting redundant then. If you're looking for a fair price to sell from the past 6+ months of trading at the lows then you certainly found it, can't argue with that. DCA would have got you an average price of around $19.5K, so hopefully you're selling a profit. And as the old saying goes, nobody ever went broke selling at a profit. I just hope you aren't banking on pricing falling lower after this, because right now it looks like a coin flip to me as well as others, until there is further confirmation to the upside or downside. Not sure what your "fair price" is, but right now realized price is sub $20K.

Personally I think Bitcoin is due a 10% correction to around $19K, which is bottom of the previous accumulation zone, that'd also be my short-term shorting target (as well as a target for longs). If price instead continued onto around $25K then I'd expect a deeper correction of around 20%, but therefore this'd be a higher price around $19.5K / 200 DMA. Likewise if for some crazy reason price went further parabolic to $30K, I'd expect a 30% correction to around $21K / current prices. The irony being that price continuing to the upside would deserve a deeper correction for sure, but these prices would still likely be higher.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Torque]

It's amazing to me how the Average Joe public doesn't see how neatly controlled and managed our world markets are.

After the amazing up year in markets during 2021, this year the Fed flipped into rate hike mode precisely starting in January (supposedly to "tame inflation"), and now inflation looks tamed...precisely by end of December.

All neatly within the same calendar year.

Gee, how precise. Much managed.  

I imagine that Jerome Powell has a sign hanging in his office. On one side it says "Up year" and on the other it says "Down year".

He flips the sign over every new year on January 1st when needed. And sends a photo snap to all the Wall Street insiders.    

With all the bullish MSM sentiment lately just 17 days into the new year, it looks like Powell flipped his sign this year to "Up Year".  

I guess that's good for all markets though, including bitcoin.

"A rising tide lifts all boats."

[ChartBuddy]

Explanation

[Ucy]

Ok now is starting to look like bull flag on short-term time-frame, after failing ascending triangle break-out. Still expecting a fake-out to higher levels above $21.5K but this ain't no shorting range.

if that's not a good price point to short what is?
this has been one hell of a pop, I fully expect a strong pull back, maybe even retesting 15.5k.

When it breaks down from the bull flag. Not within it, unless you're scalping resistance to support that is, as it's a bullish continuation pattern until proven otherwise.

If we go back down to $15.5K, you can expect much lower than that though.

either way if it breaks up sell because the move is way over extended, or if it breaks down short cuz its going down.

[edited]

thanks this was helpful. but I personally will continuing to sell into this rally. I really don't think we will see a repeat of April 2019, the capitulation this time didn't push price That far under fair value. and for the record, i'm not shorting, just spot trading, so i cannot be liquidated.

Ok well that makes my point about shorting redundant then. If you're looking for a fair price to sell from the past 6+ months of trading at the lows then you certainly found it, can't argue with that. DCA would have got you an average price of around $19.5K, so hopefully you're selling a profit. And as the old saying goes, nobody ever went broke selling at a profit. I just hope you aren't banking on pricing falling lower after this, because right now it looks like a coin flip to me as well as others, until there is further confirmation to the upside or downside. Not sure what your "fair price" is, but right now realized price is sub $20K.

Personally I think Bitcoin is due a 10% correction to around $19K, which is bottom of the previous accumulation zone, that'd also be my short-term shorting target (as well as a target for longs). If price instead continued onto around $25K then I'd expect a deeper correction of around 20%, but therefore this'd be a higher price around $19.5K / 200 DMA. Likewise if for some crazy reason price went further parabolic to $30K, I'd expect a 30% correction to around $21K / current prices. The irony being that price continuing to the upside would deserve a deeper correction for sure, but these prices would still likely be higher.

You are quite smart. But "corrections" will only happen when *Bitcoin Master* deliberately stops posting on crypto/Bitcoin related things. So, people don't need to panic and begin to act foolishly. I want things to be fairly predictable to members who have been following my price prediction and trust that I will continue to be consistent and reliable as long as my CREATOR is with me, and I'm sure HE will never leave me.  But such members will likely need very convincing proofs (especially considering we are in trustless environment)... proofs so convincing that no one anywhere in the world can find fault in. I actually want them to take enough time to observe the Predictions of Bitcoin Master and be sure he is telling the truth before they can trust him.
By the way, we will continue to witness the most precised and reliable Bitcoin price Prediction in the world from him.
One of the main reasons for all these is for the World, Bitcointalk forum and cryptocurrency space in general to know I have truely been given the Authority and Power to be a Moses and Elijah to them, and guide those who want to be guided away from the gripe of Pharaoh/satan to the Promiseland/Paradise. The journey has already begun & True Cryptocurrency will be used an alternative financial system. There are people who are trying to draw us back due especially to the fact they consume and believe things from the World. Don't forget that Pharoah/satan will always try to use them as traitors are used to take people back to Egypt/slavery. It's important to note that this one is a journey that encompasses all Nations/tribes/races... That is, both Jews and the Gentile.  The CREATOR is so Merciful, Lovely and Kind. All Glory and Adoration be HIS HOLY NAME.

I need everyone to focus and understand what I'm doing. I notice it's easy to continue to convince people with Miracles. But remember the good works also. The proofs are numerous but we will provide more to ensure that no one is left behind. However, it's written that "many are called but few are chosen". Be sure to be part of the chosen and never miss this.