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

[shahzadafzal]

I am not going to confirm nor deny, unless you can tell me what more than 0.63 BTC means under these scenarios?

Very skeptical question but since you asked (I don't know what you mean by current scenario) but still answering to "what more than 0.63 BTC means" 0.63 BTC itself means a lot and stage 2. is guaranteed keeping the current scenario where the median bank account balance is $5,300 (according to google).

I am pretty sure that some of your number assignments for these folks is not correct (just like HI-TEC99 confirmed), but hey, I am not going to so directly make my assessments..

Well I know of course how would I guess someone's stage specially from an Avatar or a few posts here on WO... that assessment was just a satire...

and HI-TEC99 I gave him stage 3 but did not meant to be a day trader it was just mashup of his Avatar + his last post

Oh?  My opinion is different.  Even though we have guys and gal in the WO who are likely overall more informed about bitcoin than the regular person on the street and also more informed about bitcoin than the average forum user, for sure, we also have WO members who fit within every single category of person that is in the population, including those who are misinformed and including those who are continuously bordering upon having weak hands. 

Anyone of us could mindrust, but we might not admit it.. .I still am not sure why mindrust is so mad at us, and he did say that he would not be coming back to the WO thread... but still.. we are not as mean as he seems to be making us out to be (through his ongoing and seemingly intentional refusal to post in these here parts... pride can be a powerful thing... and I am not even proclaiming to be above such weaknesses).

I agree on this one... If I add something more I would say we can be on multiple stages at the same time... and there must be one mindrust stage keeping the bitcoin rise and fall in check. It's not bad to be honest and it's part of the learning curve and remember what doesn't kill you, makes you stronger!!!

That's Jimbo.  Can't you see him inside the avatar?  duh.    get off my lawn

hahaha or it could be philipma1957 minus the grumpy get off my lawn thing.

[cygan]

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Millionero]

All of my friends and me
Wild about
The last of us “serie”
But maaaaaaaaaaaaan that 3th episode fucked up a lot

Fast forwarded through almost the entire episode, not sure that had to do with the story line, if they keep that up wont be watching it anymore.

They just cant help but shove agenda into every fucking thing they touch these days.

If it continues I may just go back to the old days and lose the tv altogether.

Are you going to move to the mountains and write a "manifesto" too?


Asking for a friend.

So ignoring someone shouting crap in my face I don't like is akin to writing a manifesto now?

Well maybe maybe not.

I can list a long line of bs on tv shows that anger me.

I think the one that makes me more angry then anything is Trevor Noah commenting on New York State banning bullet proof vests.

"If you are not up to something nefarious you don't need a bulletproof vest in New York"

I was so pissed off at that statement I wanted the motherfucker to be fired.

and in under 2 months since he said it the motherfucker is gone.

So is this a manifesto? No it is not.

But New York City had over 3000 shootings in 2022 most of the people were victims and not up to anything nefarious at all.

So I am happy to see Trevor no more just for that one single statement of support for banning bulletproof vests in New York.

BTW I own guns and I own bulletproof vests. . So fuck Trevor and Hochel NY states bitch governor.

If bulletproof vests threaten public safety, then even police shouldn't wear bulletproof vests.

[dragonvslinux]

Hopium for the day: 2019 fractal to scale with current similarities. $25K needs to break for bull-flag confirmation. $30K needs to break for +80% upside target to ~$50K. On target for now, though still looks 50/50.



If you want the alternative bottoming fractal from 2015, think sideways between $15K and $30K for the rest of the year with lots of traps to the upside and downside.

I'd otherwise be a lot more convinced (probably 60/40) about this type of move in the coming months with a break above $25K and 70/30 with a break above $30K.

[BitcoinBunny]

Bye Bye Joe Biden.

[ChartBuddy]

Explanation

[xhomerx10]

Bye Bye Joe Biden.

https://youtu.be/tuH_HfxXhas

[JayJuanGee]

That's Jimbo.  Can't you see him inside the avatar?  duh.    get off my lawn

hahaha or it could be philipma1957 minus the grumpy get off my lawn thing.

I hate to quibble too much, but I had gotten the sense that going through the stages that were represented in those various memes was representing a kind of maturity in your bitcoin strategies and/or management of your bitcoin holdings, so you could not get to the latest stages unless you were moving mostly to liquidation, in terms of your bitcoin journey - but at the same time, like you mentioned, it is NOT likely that we have pure stages, so any person who might be in the latest stages still could be maintaining and accumulating BTC, but there is likely NOT really any financial and/or psychological reason to continue with such pursuits.. and surely less so .. yet I know some people can never get enough.. so there is that, too.. but just on a basic level... the idea would be that the ones who have progressed further along in the memes are going to start to tend towards having way more bitcoin than they likely need to maintain their standard  of living or variations of their standard of living that is what they are willing to pursue.. and sure maybe they will plan to pass on some bitcoin or have some legacy planning ideas, but they are not seeming to be emphasizing accumulation of BTC or even working in ways that are other than for mere funzies rather than figuring out how to make money from their work.  I think that I said enough, and yeah, come to your own conclusions anyhow.

[ChartBuddy]

Explanation

[Hueristic]

This AI / learning stuff is getting pretty interesting.

Voice resynthesis is getting unbelievably compelling. I fed it about 10 minutes of a Trump speech for learning.

Here is Trump reading some absolutely scatalogical 4chan copypasta.

*** ABSOLUTELY NOT SAFE FOR WORK ***

Triggers: Shit / Ass Eating

https://vocaroo.com/1hlHHz56W9HV

Error
Sorry, the requested media could not be found. It may have expired or been deleted.

[AverageGlabella]

@jjg..well, $19,798 is pretty much 20K in my book (according to rounding rules), but it is a minor point....that you seem to be awfully sensitive about.

BTW, the average price of btc between Dec 2017 and today is also quite surprising (not!) $20.3K...how does this reflect on DCA vs bulk purchase debate?
Basically, you could have DCAed weekly since 5 years ago (or 260 weeks) and your average would have been more than btc price just a month ago (only 4wk or 1.5% of the putative DCA time).
This shows, in my opinion, that better strategy in bitcoin is to have a large stash of cash and to wait for more than 60-70% decline from the recent ATH, then pounce at once or in a few big "gulps".

Rounding rules? that is not how it works in economics. Either something has hit $20000 or it has not. You cannot round up values rounding up is only done to estimate something but is not used for speculation because it would skew the numbers to much and any speculation or prediction based on rounding up will be greatly wrong even if they have a good argument. Do not round up unless you are estimating small numbers when it is big numbers like 20000 you will be greatly out of any prediction or analysis.

[philipma1957]

my dca log

X equals fiat units.


BTC dca
nov 04 >>>>>>>   01x
nov 11  >>>>>>>  02x
nov 18  >>>>>>    03x
nov 25 >>>>>>     04x
dec 02 >>>>>>     05x
dec 09 >>>>>>     06x
dec 16 >>>>>>     07x
dec 23  >>>>>      08x
dec 30 >>>>>>     09x
jan 06  >>>>>>     10x
jan 13  >>>>>>      11x
jan 20  >>>>>>      12x ended my Friday 1x fiat dca

Jan 25 >>>>>>      14x began my 2x weds fiat dca
Feb 01 >>>>>>       16x

[ChartBuddy]

Explanation

[OgNasty]

It is starting to look like the market might need some fresh air here if you're looking at a far enough away chart.  I think it's likely in the short term we see a drop and a serious retest of how low the market is willing to go.  Then maybe we'll be able to break free of this resistance and head up to $30,000 in a flash.  Until that happens, I think $10K is still on the table, as far fetched as it might feel at the moment.  A rejection here back down to the $16K range would look pretty devastating on a chart, so I'm crossing my fingers we don't correct very far.

[OutOfMemory]

OT:

Gotcha, C-2022-3 (ZTF) 
In the first clear night, to be precise, eight clear hours at night, with the moon about 3/4 full.
Did four sessions at 1-2 hours exposure each. With moonshine from behind, from the side, finally without moonshine too, when high fog came up and the telescope began to look more at the roof of the house than the comet. Though, i was lucky on the first two tries. I have to process a lot of data manually over the course of the next few days, being curious about the final results.

Here's a single 60 second frame, with quick and dirty optimisation done in Photoshop:

[ChartBuddy]

Explanation

[philipma1957]

So + 25 points as expected


https://www.wsj.com/livecoverage/federal-reserve-meeting-interest-rate-hike-february-2023




"Today's Developments
Watch Live: Federal Reserve News Conference
Watch Live: Federal Reserve News Conference
Watch Live: Federal Reserve News Conference
Play video: Watch Live: Federal Reserve News Conference
Stocks pared declines—with the Nasdaq recently flipping to a slight gain—after the Federal Reserve raised its benchmark rate by a quarter percentage point to 4.5%-4.75%, slowing increases for the second consecutive meeting.

That gives officials more time to study the effects of its tightening as they debate how long to continue raising rates and how long to hold them at that higher level. ..."


And btc is back around 23.1k

we peaked near 23.9k on the 29th

with the expected +25 points I am think we drift upwards a bit soon.

We get a CPI on Feb 14th for the month of January
Then a CPI on March 14th for February

if they drift under 6% maybe we go flat for March fed rate

15% shot predicted for that. see below

https://twitter.com/StackerSatoshi/status/1620864600265658370?