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

[ChartBuddy]

Explanation

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[ChartBuddy]

Explanation

[goldkingcoiner]

If Bitcoin fails to close daily above 28.3K$, Bitcoin may come to 26.3K$.

Bitcoin may also go  up to 100k, go back down to 26k then go back up 100k and then go to 500k before going down to 20k and going back up to 1 mill and so on and so on. Posts like that only scare the newbies into selling for no reason, instead of HODLing, like they should.

If you have an idea and wish to share it, then provide charts and explanations based on historical data. Otherwise all you're doing is pulling numbers out of thin air.

[OutOfMemory]

Ey!
Who pissed off ChartBuddy?  

[ChartBuddy]

Explanation

[darkangel11]

Funny how we have over 19m circulating supply in bitcoin, but it takes just 1k to move the spot price up or down by 10%. I'm always amazed by how easy it is to make temporary fake pumps and dumps, the good old bart simpson patterns.

[El duderino_]

Tilting side of the corn

[Toxic2040]

volatility is a thing today it appears....hang on to your pants gentlemen

[JayJuanGee]

It feels a lot like the market has turned around and is back on the way up. The correction from $30K seemed necessary as you can’t go straight up without gathering an unhealthy amount of leverage. I think we’ll soon be testing the $30K level again. Still no reason to doubt ending the year above $40K.

Dunno, the chart below is the default moving average chart on Binance. TA is a self fulfilling prophecy which means that correction just started and the current price movement only show that a pump to 28K is required to retest MA line to correct more.

I want a more dip correction to shake off more weak hands rather than weak correction that will always gonna shake off again once the 30K level  hit. I want to see the price sideways on 26K area for a long time then hard AF green dildo to 30K above.

What you want, and what king daddy gonna do may well be two different stories.

In udder wurds:

Best to prepare for a variety of scenarios rather than getting worked up whether the price might go up or down in the short term, when it is a 50/50 call at best in the best of circumstances, and currently there is not really any way to expect "down before up" or that the correction that we just had is all of the correction that you are going to get.

In udder wurds:

Too bad you sold too many coins too soon, you expecting down that might not happen, and maybe, in order to commensurate, join forces with Philip and hope that he may well have sold more than you did and even at lower prices that you did.

 
Shouldn't be selling coins when we are largely at historically low prices, and if you do sell some, it is better NOT to be expecting the price to go down because you may or may not be able to buy them back cheaper or even at the price in which you sold them, whatever that might have had been.

Hahaha. I didn’t sold nor purchased Bitcoin on the current bull run. I gain my Bitcoin through my signature campaign earnings that I’m still holding on my hardware wallet.

I post the picture of the chart as reference so that my comment will not be taken as I’m obsessed for Bitcoin to go down and made an introduction about TA as self fulfilling prophecy. Tbh, I really like to purchased Bitcoin on low price but I’m just trying to express what’s the best scenario for Bitcoin to pump organically ofc in my humble opinion.

But yeah, Pumping the price straight to 30K above is not a problem to me as well because I still hold my Bitcointalk Savings Bitcoin. 

Ok... Fair enough.   

Since we are in a public thread, sometimes there are needs to attempt to verify these matters and also to clarify.

One thing that I will point out (and highlight)...

Historically, some members have become somewhat obsessed with ideas that they need to preserve their KYC and to earn their bitcoin and a lot of that kind of bullshit that ends up causing them to fail/refuse to sufficiently/adequately stack enough cornz in the event that BTC prices might happen to end up going up.

Each of us needs to strive to figure out how much of my lil precious we believe to be enough to adequately/sufficiently prepare us for UP in accordance with our own circumstances, and in the event that up ends up happening.

In udder wurds:

Best to prepare for a variety of scenarios rather than getting worked up whether the price might go up or down in the short term, when it is a 50/50 call at best in the best of circumstances, and currently there is not really any way to expect "down before up" or that the correction that we just had is all of the correction that you are going to get.

I also agree with you that it is not good to think of profiting from bitcoin too early, because first you have to think that the price of bitcoin may drop a bit after you buy, so it is not good to be disappointed. . And from my little experience I can say that most people think that if they invest in Bitcoin they will be able to make profits very quickly, many people start investing with this kind of misconception at first. Because of that they get frustrated very quickly.

Yep.. there is a lot of seemingly short-sightedness out there, when it comes to how to deal with accumulating and/or maintaining some kind of a meaningful position in dee cornz.

I can excuse folks somewhat in terms of their inclinations to get a bit anxious, but at the same time, there should be a certain amount of understanding that bitcoin's investment thesis has been growing stronger and stronger the longer that bitcoin has continued to exist.. and even though in late 2013, I was having some trepidations regarding whether a 2-year investment timeline might be acceptable, in the past 6 years or so, I have come to understand and appreciate that a 4-10 year investment timeline is actually acceptable.   So there should be some abilities for folks to wrap their heads around having a longer investment timeline when it comes to bitcoin, including something like 4-10 years or longer -- and if it happens to be that they are getting too damned anxious over volatility that is happening over shorter time horizons, then they likely should be able to get over some of their anxiety by lowering their exposure and finding an allocation amount that sufficiently satisfies a balancing of their concerns about volatility as well as their concerns about how much to invest in order to be able to possibly profit from UP, in the event that UP ends up happening.

I am not going to proclaim that the balancing is easy.. but it does seem to be possible to figure out whether there is comfort with $100 per week or $10 per week or some other amount might bring more comfort, and then perhaps thereafter, setting it and forgetting it and perhaps looking at it every quarter or two in order to consider if the amount should be adjusted upwards or downwards or whatever in accordance with ongoing assessments of the variables within personal financial and psychological circumstances.

[ChartBuddy]

Explanation

[JayJuanGee]

Damn it, RL and work keeps me so busy lately that I'm itching to pull the trigger on early retirement. Not yet, not yet, let it grow some more.

I see that every time there's a dip, it's swiftly followed by an equal and opposite reaction that's able to keep us close to 30k. I get a very positive feeling that something good (and long, and green) will come our way soon.

Back to lurking mode... Keep HoDLing WOers. 2025 will be a fine year. 

Yep..

Nervousness about being able to calculate value of your cornz.. .

Understandable...


understandable..


Many of us were quite shaken by the BTC price going below the 200-week moving average for such a long period of time (9-months-ish) while at the same time, even with current prices, we are ONLY a wee bit above the 200-week moving average.. even though the 200-week moving average continues to inch UPpity.. little by little but still moving north.

So then the question may continue about both how much is enough, and are we again subjected to possible dips below the 200-week moving average and will our own evaluations (of our own circumstances) be able to handle such dips below, if they were to occur in the short term.. but if they might happen in the longer term (such as 2 years or more down the road, then at that point presumptively the 200-week moving average would have had moved up to high enough points that it may well not matter so much if the then current (spot) price might end up moving below it, eve if we might have similar kinds of results as we did in this last DOWNity period (which had gotten as low as 35% below the 200-week moving average.. fuck.... )

I suppose in the end, no one can really answer for you, in terms of how much of a cushion that you may well feel to be enough to pull that fuck you lever, and surely no one should feel that they have to unpull such lever once they pull it, even if they still might choose to perform various kinds of income producing work that would mostly be (in theory) voluntary types of contracts.

Damn it, RL and work keeps me so busy lately that I'm itching to pull the trigger on early retirement. Not yet, not yet, let it grow some more.

I see that every time there's a dip, it's swiftly followed by an equal and opposite reaction that's able to keep us close to 30k. I get a very positive feeling that something good (and long, and green) will come our way soon.

Back to lurking mode... Keep HoDLing WOers. 2025 will be a fine year. 

I feel ya man!... Start planning your exit strategy, like i am doing now, as much as it would "feel good" to wake up one morning and say "fuck it! I am done!"

You'll be better off if you dot the i's and cross the t's and make a planned exit!

For example, I plan on doing alot of woodworking, so i'm purchasing new Festool Compound Mitre Saws and Table Saws, and other nice toys through the business and that is fully tax deductible. The old Milwaukee Compound Mitre Saw i'd once owned, has been shipped out to make way. I've stocked up on Sanding Pads and other non-perishable consumables.

Just small things like this you need to start thinking about.

Would like you know from anyone who has called it a day, is there anything you wish you had done before hanging up the boots? that would have helped?

I don't necessarily consider my route to have had been completely voluntary, and certain directions sometimes can end up having some forcing elements to them   - but for me, I feel a lot of matters worked out quite well, but there were various choices along the way that do not really seem to have had been completely voluntary.. and then some aspects of the direction have both luck and preparation that end up contributing towards decisions in which threshold matters can be decided regarding whether enough is enough.. and how much of this job versus another kind of job or another kind of job is necessary in terms of bringing in income or even making certain kinds of financial and psychological preparations.

I remember in about mid-to-late 2013 disclosing to one of my then work colleagues that when I reassess my financials with lesser income, there are ways to project out the income that I expected to have under one path versus another path and the outcome of those two paths do not really seem to show very much financial differences between working in job x that has higher income or working in job y that has lesser income, but way more freedoms... and for me, I likely would not have had time to spend so much looking into bitcoin were it not for me having had chosen to go into job y rather than staying in job x...... .. and largely my nestegg in job x had mostly had been established (even though another few more years seemed as if it would have had been preferable - since there were perks, and status, and even seeming opportunities and connections - but in the end, circumstances were not going to make such an option of sticking with job x to be worth it for my whole situation.. in regards to what I was willing, ready or able to do)..... and so there was a certain level of tearing and even seeming less prestige and benefits with job y.. even with way more freedoms.. 

In the end, going down the bitcoin road that may have also come about by giving up on job x (and spending more time on bitcoin-focused kinds of time-allocations) did end up causing both financial and psychological circumstances that way surpassed in surplus value compared to what I had projected my path to have had been nearly 10 years ago when these kinds of weighing of options of staying in job x or some variation of job x were being deliberated by yours truly.

Maybe I am suggesting that there can be some ways in which all of the "i"s do not necessarily need to be dotted, and not all of the "t"s need to be crossed in order to still end up being in a position in which you could still be ready to cross into a new kind of era in which there are fewer traditional "work-related" obligations.. and a path can be gone down in which fewer and fewer "work-related" obligations are filling up your days.... and so I had quite a few "work-related" obligations that I severed in 2013.. but also even more "work-related" obligations that I severed in 2018/2019... and sure, I still do have some things that I do that I label as work-related obligations, even though some people in my life have tried to suggest that I don't have to do them... but I still do dedicate some time to certain kinds of activities that I consider to be "work-related" obligations.. even though they are way more self-directed than many of the obligations that I severed in 2013 and in 2018/2019.

[Volgastallion]

What about this?. Another step to the multipolar world?. Nice for the BTC.

[OgNasty]

With the mtgox funds on the move the market appears to be a little spooked that distribution is going to result in a price crash. Investors apparently trying to get ahead of this love caused a price drop of nearly 10%. Very interesting to see the market so sensitive to the news cycle. I guess people really think a lot of the gox BTC is going to hit the market.

[macson]

you are so late Buddy

$31,000

$30,000

Around here we use Bitstamp, not Binance.

Bitstamp and Coinbase are the only exchanges left that didn’t close my account for no reason. I suspect that regulators are doing all they can to push crypto from the reach of Americans. I look forward to the pendulum swinging the other direction when this nonsense is finally given up. Who cares though… We’re back to pushing on $30K and faster than I’d figured we would.

Did Gemini close your account?

Does Bitstamp demand excessive KYC from you?

i hate gemini, the product of the twins was highly regulated.

[ChartBuddy]

Explanation

[Phil_S]

We'll Bart again
Don't know where
Don't know when

[HI-TEC99]

you are so late Buddy

$31,000

$30,000

Around here we use Bitstamp, not Binance.

Bitstamp and Coinbase are the only exchanges left that didn’t close my account for no reason. I suspect that regulators are doing all they can to push crypto from the reach of Americans. I look forward to the pendulum swinging the other direction when this nonsense is finally given up. Who cares though… We’re back to pushing on $30K and faster than I’d figured we would.

Did Gemini close your account?

Does Bitstamp demand excessive KYC from you?

i hate gemini, the product of the twins was highly regulated.

What's up with it?

Bob gave it good reviews.

[HI-TEC99]

With the mtgox funds on the move the market appears to be a little spooked that distribution is going to result in a price crash. Investors apparently trying to get ahead of this love caused a price drop of nearly 10%. Very interesting to see the market so sensitive to the news cycle. I guess people really think a lot of the gox BTC is going to hit the market.

It was bogus news.

https://decrypt.co/138086/bitcoin-plunges-7-in-an-hour-to-under-28000-as-mt-gox-us-gov-wallets-move

Bitcoin Plunges 7% in an Hour to Under $28,000 as Arkham Sends Erroneous Mt. Gox Alert
Blockchain analytics firm Arkham said wallets linked to defunct crypto exchange Mt. Gox and the U.S. government had moved large amounts of Bitcoin. But the alert was the result of a "bug fix."

Editor's note: This story and its headline were updated after publication to clarify that Arkham's Mt. Gox alert was sent out in error.

https://tokenist.com/bitcoin-collapses-2k-as-us-govt-and-mt-gox-wallets-allegedly-awake/

Bitcoin Collapses $2K+ After False Alarm Sends Traders Panicking

Editorial note (April 26th, 2023, 5:48 PM EST): A paragraph on Arkham’s statement was added.

[xhomerx10]

Heads up American hodlers!

 https://techcrunch.com/2023/04/26/hackers-are-breaking-into-att-email-accounts-to-steal-cryptocurrency/

 
  Hackers are breaking into AT&T email accounts to steal cryptocurrency


" Unknown hackers are breaking into the accounts of people who have AT&T email addresses, and using that access to then hack into the victim’s cryptocurrency exchange’s accounts and steal their crypto, TechCrunch has learned.

At the beginning of the month, an anonymous source told TechCrunch that a gang of cybercriminals have found a way to hack into the email addresses of anyone who has an att.net, sbcglobal.net, bellsouth.net and other AT&T email addresses.

According to the tipster, the hackers are able to do that because they have access to a part of AT&T’s internal network, which allows them to create mail keys for any user. Mail keys are unique credentials that AT&T email users can use to log into their accounts using email apps such as Thunderbird or Outlook, but without having to use their passwords.

With a target’s mail key, the hackers can use an email app to log into the target’s account and start resetting passwords for more lucrative services, such as cryptocurrency exchanges. At that point it’s game over for the victim, as the hackers can then reset the victim’s Coinbase or Gemini account password via email.

The tipster provided a list of alleged victims. Two of the victims replied, confirming they have been hacked..."


  Thanks for the timely warning!

[coolcoinz]

It was bogus news.

Always good to see day traders are keeping their sweaty fingers on the buttons.