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

[ChartBuddy]

Explanation

[1714258431]

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[1714258431]

1714258431

[John Abraham]

Well, That's a good idea to teach them about Bitcoin. Not sure which grade it is. But, If they teach to all grade students.
That would be appreciated. Not sure if it's on all schools or only on one school. Even if it's on a One specific school. Claps for this school.

[AverageGlabella]

Well, That's a good idea to teach them about Bitcoin. Not sure which grade it is. But, If they teach to all grade students.
That would be appreciated. Not sure if it's on all schools or only on one school. Even if it's on a One specific school. Claps for this school.

I agree with teaching teenagers about btc but I do not recommend teaching any one below the age of 12/13. They are to young to understand btc and btc is not the primary used currency around the world and it would be beneficial to teach them the currency that they will be using. When they are teenagers they can decide if they want to learn about digital money but I do not think it should be forced on them because we do not know how much cryptocurrency will be used in the future. I think teaching them morals and fiat is probably better in the short term but allow them to make the decision if they would like to learn about btc.

[dragonvslinux]

Somebody does not want us to break through 25k and it is starting to piss me off.

My guess is that one of the many crypto ponzi companies needs more time to buy some of their customer coins back to prolong the life of their ponzi.

On lower time-frame we already had the tests of resistance x2 with ascending support (higher lows x2), so was one step away from confirming ascending triangle structure. It's hardly surprising as on macro time-frame $25K is resistance (so price get's rejected short-term). On lower time-frame, price remains bullish, so there are higher-lows. I'm very grateful it's panning out like this, even if fifth day testing $25K now.



Breakout target is +6.6% to $26.8K, so much better than popping above $25K and facing strong selling pressure up to $26K, then getting rejected. Ideally bears will be taking a step back once the third touch-point of support is confirmed. Nothing to do with anything else imo. Dotted line is otherwise how the triangle could form, but otherwise conservatively price could re-test around $24.2K and still be within bullish structure.

[John Abraham]

Well, That's a good idea to teach them about Bitcoin. Not sure which grade it is. But, If they teach to all grade students.
That would be appreciated. Not sure if it's on all schools or only on one school. Even if it's on a One specific school. Claps for this school.

I agree with teaching teenagers about btc but I do not recommend teaching any one below the age of 12/13. They are to young to understand btc and btc is not the primary used currency around the world and it would be beneficial to teach them the currency that they will be using. When they are teenagers they can decide if they want to learn about digital money but I do not think it should be forced on them because we do not know how much cryptocurrency will be used in the future. I think teaching them morals and fiat is probably better in the short term but allow them to make the decision if they would like to learn about btc.

As you can see in the picture. They are high school students. I believe they are over 12/13. But I don't care if they are under 12 as well. This is just a learning process. As I said previously in many other threads, let them learn about bitcoin, and its features. Let them decide if they want to adopt bitcoin or not. No one will force them to adopt bitcoin. This is just a learning process. We have learned many things in school,, but don't use everything we learned. We choose our path, and they will do the same. It's important to let them know how important privacy is. Why Privacy is important and how they can get benefitted from this. How secure Bitcoin is and why banks and exchanges and less secured. If they learn, they will decide themself.

[ChartBuddy]

Explanation

[OgNasty]

Somebody does not want us to break through 25k and it is starting to piss me off.

My guess is that one of the many crypto ponzi companies needs more time to buy some of their customer coins back to prolong the life of their ponzi.

On lower time-frame we already had the tests of resistance x2 with ascending support (higher lows x2), so was one step away from confirming ascending triangle structure. It's hardly surprising as on macro time-frame $25K is resistance (so price get's rejected short-term). On lower time-frame, price remains bullish, so there are higher-lows. I'm very grateful it's panning out like this, even if fifth day testing $25K now.



Breakout target is +6.6% to $26.8K, so much better than popping above $25K and facing strong selling pressure up to $26K, then getting rejected. Ideally bears will be taking a step back once the third touch-point of support is confirmed. Nothing to do with anything else imo. Dotted line is otherwise how the triangle could form, but otherwise conservatively price could re-test around $24.2K and still be within bullish structure.

That certainly looks like the triple top I was talking about the other day.  If you didn't get in at $16K when it bottomed almost exactly in line with the 4-year cycle expectations and you're still on the sidelines, you're going to want to be buying this pullback.  While a double top is commonly considered a bearish sign, a triple top is considered bullish.  Basically, it means that the buyers aren't being discouraged and will continue to accumulate at high prices.  This likely indicates that resistance isn't going to hold and we will move above $25K in the coming weeks.  Looking at the chart, it appears highly likely that we're going to see $30K next month.  Whatever you do, don't short this market.

[xhomerx10]

Never knew this was a thing on job adverts. The fact they still keep this charade up 2 years on.

What a bunch of tossers.
 

This job requires you to provide your COVID-19 vaccination status with supporting documentation, where legally permissible.

 I thank my overlords daily for ensuring that my colleagues and I have a small yet insignificant probability of remaining virus-free and allowing us to remain employable.  They are so benevolent.

[ChartBuddy]

Explanation

[Pesona1]

Well, That's a good idea to teach them about Bitcoin. Not sure which grade it is. But, If they teach to all grade students.
That would be appreciated. Not sure if it's on all schools or only on one school. Even if it's on a One specific school. Claps for this school.

In the past, we all only knew fiat currency as a means of payment, but as time has progressed and technology has advanced, we can get all the conveniences at our fingertips, just like financial and economic technology, which is a mandatory curriculum in every school, of course, students also have to being introduced to bitcoin, crypto, blockchain and even the metaverse which are now gaining popularity, the introduction to crypto, bitcoin and blockchain will be the forerunner for these students to welcome the world era which is now starting to move forward towards the digital economy, so that in the end inevitably going to school must also keep up with the times by creating a curriculum that focuses on discussing bitcoin, crypto and blockchain.

[Macadonian]

That certainly looks like the triple top I was talking about the other day.  If you didn't get in at $16K when it bottomed almost exactly in line with the 4-year cycle expectations and you're still on the sidelines, you're going to want to be buying this pullback.  While a double top is commonly considered a bearish sign, a triple top is considered bullish.  Basically, it means that the buyers aren't being discouraged and will continue to accumulate at high prices.  This likely indicates that resistance isn't going to hold and we will move above $25K in the coming weeks.  Looking at the chart, it appears highly likely that we're going to see $30K next month.  Whatever you do, don't short this market.

Have you got any old charts that show a triple top? I do not doubt what you are saying is true but I would like to analyze it and determine how high we could go based on historical increases after a triple top.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[John Abraham]

A Friendly Interruption Buddy!

[OutOfMemory]

maybe 25k is the new 10k

Uhm, hoo said that? 
But let's wait, accumulate and see what King Daddy will do.

[JayJuanGee]

We can see if we analyze the direction of Bitcoin development in the future.
January: 15k- 20k dollar.
February: 20k - 25k dollar.
March: 25k - 30k dollar.
April: 30k - 35k dollar.
May: 35k - 40k dollar.
June: 40k - 45k dollar.
July: 45k 50k dollar.
August: 50k -55k dollar.
September: 55k - 60k dollar.
October: 60k - 65k dollar.
November: 65k -70k dollar.
December: 70k +++++
Already we have proved the month of January and February. Thus, if there is no bad news in the future for Bitcoin, then we can continue the bull run.

Yes... you can fill ur self with hopium..

But...



Bitcoin no doesn't work like that.

Its never that simple imo Popkon, the price is not equally valid in every unit of movement and some of the price moves are just noise and reflecting Dollar market.   The US dollar is rising at the moment so there is definitely some pressure building from that the longer it goes on.   Apparently its in line with the next expected rate rise but since all the rate rises still lag inflation its all nonsense in the end, perception can drive price waves but the actual effects will move the tide line.

  The news and so on, positive or not cannot directly be said to move us up or down as usually they find the story for why after the action has occurred.   BTC is trying to find a new high for this year, its gone sideways a few days.   Just attempted a new high and lost $500 in 15 minute bars, bouncing off its range bound edges.

Here's another way of saying "bitcoin no doesn't work like dat."


However, that does remind me of a bit of a caveat... in which sometimes bitcoin enters into a grove in which it seems like it is continuously going up and it is not going to stop going up..



Until it does stop.



Yet,


When will that stop be?  

Could be here.. at $25k-ish

or it could end up ending/reversing at $25k to $40k


or it could end up ending/reversing at $40k to $55k



or it could end up ending/reversing at $55k to $93.5k


or it could end up happening $93.5k to $145k


I have difficulties imagining the BTC price continuing largely going UPpity above the price of let's say.. $145k in this particular run/streak....

... but never say never..


The most likely of the better case run ranges does seem that we would get some kind of a pause after reaching $40k to $55k.. probably kind of a best case scenario.. but I personally would not limit myself to any particular scenario being out of the range.. and perhaps even any kind of assignment of percentages in terms of timeline and/or which range might end up as the good odds of happening scenario.. perhaps less than 30% odds of finishing within a $40k to $55k within the next 1.5-3 months  (a 6 week window for some kind of a "better case" scenario to play out?)... and sure, even with the playing out of a kind of "better case" scenario, it would not likely happen without some pretty decently severe "violence".. even though not all of us would experience the violence equally..  consider the difference possible financial/psychological circumstances between a HODLer/accumulator, a trader and a no coiner.. a HODLer/accumulator, a trader, and a no coiner walk into a bar....

[ChartBuddy]

Explanation

[JayJuanGee]

Somebody does not want us to break through 25k and it is starting to piss me off.

Who?

My guess is that one of the many crypto ponzi companies needs more time to buy some of their customer coins back to prolong the life of their ponzi.

Fuck crypto ponzi companies.

They have no power here..

Especially unless you let them have power.


Things are going just fine and dandy, and then lookie uie pooie.. (aka somac) coming in and ruinin dee moo...