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

[Biodom]

FYI: take it with a grain of salt, but one of my "proprietary" indicators is flashing red in the the last 5-7 days.
Beforehand, the market top (at least a local one) ensued within 1-2.5 mo (that would be Mid April-end of May).
The price is unclear (not predictable).
This is a public service announcement and I would probably not going to trade it, but would watch the dates closely.

Oh gawd..    sorcerer wannabe.

Where is my grain of salt that I must want to be taken?  is it sea salt? regular salt? Himalayan pink?  ground or course?

You know that BTC price is always pending to correct BIGGEDly.. so it is a matter of whether the correction will come while we are in noman's land or between no man's land and $100k or maybe between $100k and $120k or maybe sometime after that.

And, how big of a correction are we talking about?

These recent ongoing dumps for ants that have been happening since January and even we could say the same thing since October and also we could also say the same thing since last November 2022 (16 months ago) are likely just allowing for continuous UPpity to make it easier to get past $100k when we get there..

On the other hand, if we go shooting up to $80k, $90, or even $100k too quickly in the next few days or even few weeks, then maybe at that point the buying support would not be able to keep up with the price..

But we are not in such a situation in which the buying support is not keeping up with price .. which means that so far that UPpity has not been so outrageous as to really lose anyone... and even the corrections have not been outrageous either (for ants as I already mentioned).. this latest one 11.1111111% from $73,794 down to $65,569 (insert my coins are only worth what they were worth last week meme).  Hardly even that remarkable, so far... except just seeming to allow for buying support to continue to keep up with ongoing price movements..

Well, at least it is a clear prediction, time-wise, which to me is preferable to price-wise predictions or the lack thereof.
I haven't heard ANYTHING like this from the uie pooie...at best, it is some vague percentages and broad ranges.

[JayJuanGee]

FYI: take it with a grain of salt, but one of my "proprietary" indicators is flashing red in the the last 5-7 days.
Beforehand, the market top (at least a local one) ensued within 1-2.5 mo (that would be Mid April-end of May).
The price is unclear (not predictable).
This is a public service announcement and I would probably not going to trade it, but would watch the dates closely.

Oh gawd..    sorcerer wannabe.

Where is my grain of salt that I must want to be taken?  is it sea salt? regular salt? Himalayan pink?  ground or course?

You know that BTC price is always pending to correct BIGGEDly.. so it is a matter of whether the correction will come while we are in noman's land or between no man's land and $100k or maybe between $100k and $120k or maybe sometime after that.

And, how big of a correction are we talking about?

These recent ongoing dumps for ants that have been happening since January and even we could say the same thing since October and also we could also say the same thing since last November 2022 (16 months ago) are likely just allowing for continuous UPpity to make it easier to get past $100k when we get there..

On the other hand, if we go shooting up to $80k, $90, or even $100k too quickly in the next few days or even few weeks, then maybe at that point the buying support would not be able to keep up with the price..

But we are not in such a situation in which the buying support is not keeping up with price .. which means that so far that UPpity has not been so outrageous as to really lose anyone... and even the corrections have not been outrageous either (for ants as I already mentioned).. this latest one 11.1111111% from $73,794 down to $65,569 (insert my coins are only worth what they were worth last week meme).  Hardly even that remarkable, so far... except just seeming to allow for buying support to continue to keep up with ongoing price movements..

Well, at least it is a clear prediction, time-wise, which to me is preferable to price-wise predictions or the lack thereof.
I haven't heard ANYTHING like this from the uie pooie...at best, it is some vague percentages and broad ranges.

I thought that my post already described that I don't think that your prediction is very clear at all.. .. which largely seems to be saying that there are good odds that we will be crashing in 1.5 to 2 months, and you neither describe where we are going in advance (presumably up, but you don't really say how much), and then you don't even say how BIG the supposed crash is going to be in terms of either quantity or duration.

And, we each do what we do ..

I am not even complaining very much about your prediction to the extent that predictions are even possible.

Surely, I throw out some ideas about what I think about price directions and even timeline for when to get there from time to time, so why be such a hater in regards to my supposed lack of specificity in regards to the areas that you would like to see?

There is ONLY so far any of us can go with these kinds of ideas about BTC price direction anyhow, and surely you are not going to bully me into any specifics beyond what I already tend to do.. which in itself is likely sufficiently specific.  

Do you need me to cite you some recent posts that I made on the topic?  

I think that I have said more than enough in terms of my various recent posts and any prognostications that I have already been making... what would you like to hear about?  the halvening ?  the remainder of 2024?  2025?  2026? or further out?

The more I think about it, the more that I already know that I have put out some parameters for my ideas on these matters, and probably more specifics than any normal peep should need to do... especially since you already know that I am mostly a fan of bottoms rather than tops, even though everyone just loves to talk about tops, especially when we are going up.. so yeah, I don't got no problems with entertaining some of those kinds of top ideas either.

Maybe you didn't like that I rolled my eyes at you in my earlier post?  

What else is a guy supposed to do in these kinds of circumstances?   Just agree with your seemingly vaguenesses about potential future downity that may or may not end up happening?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

FYI: take it with a grain of salt, but one of my "proprietary" indicators is flashing red in the the last 5-7 days.
Beforehand, the market top (at least a local one) ensued within 1-2.5 mo (that would be Mid April-end of May).
The price is unclear (not predictable).
This is a public service announcement and I would probably not going to trade it, but would watch the dates closely.

Oh gawd..    sorcerer wannabe.

Where is my grain of salt that I must want to be taken?  is it sea salt? regular salt? Himalayan pink?  ground or course?

You know that BTC price is always pending to correct BIGGEDly.. so it is a matter of whether the correction will come while we are in noman's land or between no man's land and $100k or maybe between $100k and $120k or maybe sometime after that.

And, how big of a correction are we talking about?

These recent ongoing dumps for ants that have been happening since January and even we could say the same thing since October and also we could also say the same thing since last November 2022 (16 months ago) are likely just allowing for continuous UPpity to make it easier to get past $100k when we get there..

On the other hand, if we go shooting up to $80k, $90, or even $100k too quickly in the next few days or even few weeks, then maybe at that point the buying support would not be able to keep up with the price..

But we are not in such a situation in which the buying support is not keeping up with price .. which means that so far that UPpity has not been so outrageous as to really lose anyone... and even the corrections have not been outrageous either (for ants as I already mentioned).. this latest one 11.1111111% from $73,794 down to $65,569 (insert my coins are only worth what they were worth last week meme).  Hardly even that remarkable, so far... except just seeming to allow for buying support to continue to keep up with ongoing price movements..

Well, at least it is a clear prediction, time-wise, which to me is preferable to price-wise predictions or the lack thereof.
I haven't heard ANYTHING like this from the uie pooie...at best, it is some vague percentages and broad ranges.

And, we each do what we do ..

Gotcha..it was just a comparison of styles on my part and everyone uses what works for them.
If something happens within my params, I will remind you, though  

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[DirtyKeyboard]

ChartBuddy's 24 hour Wall Observation recap
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All Credit to ChartBuddy

[AlcoHoDL]

What it means to be a HoDLer:

A couple of days ago I sold some fraction of BTC for $900 (unintentionally caught the top!) just for fun, to test a new overseas bank account for future fiat money transfers. Everything went smoothly, got my $900, but then it dawned on me that I actually lost 0.0123 BTC! Still feel bad about it...

Never again! Buy when you can, sell when you absolutely must!

HoDL.

[goldkingcoiner]

It currently costs 8 BTC to buy a property in Portugal to get a golden retirement visa.
This is a big change from last year at about 25 BTC for a large part of the year.

Once it costs around 0.5 BTC I'm off and going to enjoy better year round weather.


#LifeGoals

Edit: terrible maths...

Yes but please note that real estate investment in LISBON is not anymore an option to get the Golden visa in Portugal (they removed it last november). Same for NHR tax scheme from 1/1/2024 (except for the current beneficiaries of this tax scheme, valid for 10 years).

This is wonderful. How on earth will anyone believe that a property that is value at 25BTC in Portugal last year will currently be value at 8BTC making it the difference of 17BTC reductions. If I may ask what actually result to this drastic reduction , could it be as a result of economic policies or political policies in the regulation of the value of Bitcoin that will equivalent to certain property in Portugal? However, as for your proposed expectation of reduction of value of property to be equivalent to 0.5BTC I don't see the possibility of such assumption.

silly willy coins were 20000 euro. so 25 coins is 500000 euro
now they are 60000+ euro now 8 coins is 500000 euro

Wait, what? Bitcoins change in value? Not my Bitcoins.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[gallianooo]

It currently costs 8 BTC to buy a property in Portugal to get a golden retirement visa.
This is a big change from last year at about 25 BTC for a large part of the year.

Once it costs around 0.5 BTC I'm off and going to enjoy better year round weather.


#LifeGoals

Edit: terrible maths...

Yes but please note that real estate investment in LISBON is not anymore an option to get the Golden visa in Portugal (they removed it last november). Same for NHR tax scheme from 1/1/2024 (except for the current beneficiaries of this tax scheme, valid for 10 years).

Those bastards.  

For the Golden Visa, i am honestly agree with them. Lisbon is a really small capital. Only 500K people. Already LOT of airbnbs there as it's one of the only capital in Europe you can enjoy to visit almost all around the years, and already lot of Americans, indians, brazilians, russians too (before the war) bought flats in Lisbon by overpaying (at this time) to get the golden visa and pressure the market to higher.

Problem is Portugal is still a 'poor' country, minimum salary is around 800€, even with good position you will not get 2/3K+. If you want to get a decent 2BR flat in a central area in Lisbon, you have almost nothing below 2K+ a month. It's currently in Europe the most unbalanced between salary/local standard of living and rent/property price.

The decision of removing golden visa to someone that purchase a property in Portugal may have negative impact to their economy because I think inclusion of golden visa policies to someone that has a property in Portugal could be one of the thing that motivate many investors to acquire properties and as such those investors are equally advantage to the enhancement of their economy by paying taxes and creating employment  but now that golden visa is not feasible many people may turndown their interest to purchase properties as well as other possible investment.

In the other hand, Portugal is still keeping the tax free on any Bitcoin/crypto capital gain if you hold at least 1 year (same in Germany, but not same lifestyle btw Germany and Portugal IMHO).. In Europe it's difficult to find any other Bitcoin friendly country mixed with a good lifestyle/safe/ocean/welcoming.

[gallianooo]

All those countries that have golden visas....first they want to attract investors, then they think that they are "selling out" too cheap.
I wish there would be some larger country in EU that would announce something like that for bitcoin investors.
Portugal looked OK for a while, but now they closed Lisbon and Algarve for residential investment, only commercial remains.
Besides, Portugal is more attractive for non-US because US citizens pay taxes to almost the same degree, independently of where they live (with some deductions for foreign income). If taxes stay the same (no more than 23.8% for cap gains), I would stay put.

I looked into Puerto-Rico before-lots of hassle and an unclear benefit.
It would have paid nicely to buy btc in 2014-2015, then move to Puerto-Rico, then sell out in 2021 and move back to the mainland.
No taxes on cap gains accrued between 2016-2021 in this scenario as it only affects cap gains AFTER you moved in.
I hear that a few ICO a-holes did exactly that.
But...I have had enough of tropics and subtropics  .

I don't know exactly about US and if maybe you can optimize some parts, but it's correct regarding EU citizens.

If you got the benefit of NHR tax scheme in Portugal, you don't pay any tax on foreign capital income (interests, dividends, royalties) for 10 years.
NHR tax scheme or not, if you are tax resident in Portugal, you dont pay any tax on crypto capital gain after holding at least 365 years (have to declare on the tax form but its tax free).

Coupled by if you allow a % of your cash out in some ETFS / stocks with dividends distributing like with IB brokers, you dont pay any tax and no WHT tax either (most of their ETFS are based in UK/Ireland so no WHT). Same if you stack some dirty fiats, no WHT, no tax on it then. It's just some examples that you can really well optimize, in you have these kind of incomes.

So basically, if you are a long term holder + living from passive income (dividends, interests) Portugal is/was really a good alternative in Europe.

As I said previously they stopped the NHR from 01/01/2024 (for the new applicants), but they are working for another tax incentive scheme for 'wealthy' digital nomad and HNWI+
So probably something similar can happen later this year or next year.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Negotiation]

We are poor again 😕

No buddy we are staying on correction time.

-----------
JUST IN: 🇸🇻 El Salvador purchases another Bitcoin, bringing its total to 5,690 $BTC, worth $397 million.


Source.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com