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

[hisslyness]

Hey everyone! It's time for a friendly reminder to #BTFD

For those who have been sitting on the sidelines waiting, now is the time to fill those bags! For those who have been waiting for the dip, it's here. For those who have been using Dollar-Cost Averaging (DCA), keep it up!

[ChartBuddy]

Explanation

[dragonvslinux]

Hey everyone! It's time for a friendly reminder to #BTFD

For those who have been sitting on the sidelines waiting, now is the time to fill those bags! For those who have been waiting for the dip, it's here. For those who have been using Dollar-Cost Averaging (DCA), keep it up!

Agreed. Had one bid filled at $20.2K, got another below at $19.2K. Mainly for 200 Day MA average of $19.7K*. Expecting a bit more panic now $20K has broken, but will see how it plays out. Probably just buy $19.7K if price stabilises at bit from here.  Gonna be bearish again if price breaks $18K though, not gonna lie. That appears to be previous resistance level that's last line of support.

*I'm considering it as 28.5 weeks worth of DCA 

[BitcoinBunny]

Fuck you ChartBuddy

[ChartBuddy]

Explanation

[hostm]

I bought a lot of bitcoin under $ 20 k last year, and it is time to buy bitcoin under $ 20 k again!

[LFC_Bitcoin]

Under 20k again, ugh!

[ChartBuddy]

Explanation

[BitcoinBunny]

Now that the criminal banks are starting to collapse, this economic trend is starting to echo the whole 2007-2008-2009 period.

Surely that can only only be good for the one viable ALTERNATIVE decentralised trustworthy money system: BTC since fiat is and can be controlled by too many criminal enterprises, criminal central banks and criminal governments.

[ChartBuddy]

Explanation

[bitcoinPsycho]

Global debt = 10.5 trillion


Money... what Money?

[moneystery]

Bitcoin CEO is the best… he launched a new bitcoin ad

https://www.reddit.com/r/Bitcoin/comments/11n7b1a/new_bitcoin_ad_just_dropped/

The ad looks much better with the Bitcoin logo at the end of the video 

[Gachapin]

the good thing about this bear is that, like all previous ones, it will probably shatter the hopes of most short-term fortune hunters (including many of these "crypto" companies) and in that way clear the road for the next bullrun

Of course it will shatter the hopes of many long term hodlers as well...  but we know, badger don't give a fuck about our feeewlings  

[ChartBuddy]

Explanation

[goldkingcoiner]

Looks like the march candle wants to eat itself up. Seems like a good buying opportunity to me.

edit: Price is touching the weekly golden Fibonacci ratio too.

[somac.]

Looks like the march candle wants to eat itself up. Seems like a good buying opportunity to me.

edit: Price is touching the weekly golden Fibonacci ratio too.

Looks like a good time to buy to me too. But, traditional markets appear like they are going to shit the bed so they'll probably take us down with them.

[somac.]

Now that the criminal banks are starting to collapse, this economic trend is starting to echo the whole 2007-2008-2009 period.

Surely that can only only be good for the one viable ALTERNATIVE decentralised trustworthy money system: BTC since fiat is and can be controlled by too many criminal enterprises, criminal central banks and criminal governments.

For sure, but we might have to crash before hand just like during the Covid crash. Anyone who has dry powder should be getting it ready.

[ChartBuddy]

Explanation

[ivomm]

I'm still struggling with my dads ilnesses. Too bad that Bitcoin is crashing and I have no comfort in it. I'm spending like crazy these months for everything that I want. It is just a mood I've never been before. I know that the price is good for buying, but I'm deep under water regarding monthly fiat income. I will keep my main stash intact, only spending what I need to buy something. And "need" is a strong word. For example why on earth I decided to buy Meta Quest 2 VR only to play Star Wars Squadrons, provided I had the game for 2 years and barely played it? And why I bought apple airpods 1 (real) and 2 (fake) only to decide to buy pro 2 (real). I don't even have iphone or ipad to use them properly. I'm a fan of Samsung - with Galaxy tab s7+ and s23 ultra recently bought, I'm quite satisfied.

tl;sr. May be later this year the DCA mood will return again, but not now.

[ChartBuddy]

Explanation