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

[Hueristic]

or is it the selling

Always the selling. Heinlein had it right:

When in danger, when in doubt
run in circles, scream and shout.

When in danger,
When in doubt,
Run in circles
Scream and shout!

    Anonymous U.S. military saying, e.g. Infantry Journal, Vol. 35, (1929), p. 369.
    Variant: When in danger or in doubt, Run in circles, scream and shout.
        Popularized in Herman Wouk, The Caine Mutiny (1951), which describes it as an ancient adage.

[1714648487]

1714648487

[1714648487]

1714648487

[1714648487]

1714648487

[goldkingcoiner]

So, 2020 we had the Covid black swan before the bull run. Now it looks like the WW3 black swan.

I didn't sweat during COVID (still have a Discord screenshot from March 2020 where I had suggested this would be the last opportunity for the middle class to acquire a whole coin at 4-5k)... nobody believed me back then.

And I'm definitely not sweating right now either. Another excellent buying opportunity.

+20 WO Smerits.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[DirtyKeyboard]

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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[sirazimuth]

...

EDIT: I bet (hope) there will be a song composed about his experience soon, too.

Great idea OoM...  


Totality

On a backdrop of clouds and blue,
A star and moon rendezvous
Day turns to night, a surreal sight
Four minutes of a darkened hue
Dazzled in a cosmic daze
At a glowing black hole I gaze
Emotional vibe, and maybe I cried
At the total eclipse thru the haze

Here comes the moon shadow tide,
Take me on a mythical ride.

I stand in awe, of the stellar dance
Keeps me in a mesmerizing trance
My mind numb, I'm overcome by a
Momentary universe romance
In this fleeting moment, I feel inside,
A magic of the ethereal kind.
Words of wonder, in awe we ponder
As the moon and sun align

There's the coming of the moon shadow tide
Takes me on a mythical ride.
There's the coming of the moon shadow tide
Takes me on a mythical ride.

Here comes the moon shadow tide,
I relish this fantastical ride oh yeah
Here comes the moon shadow tide,
Takes me on a mythical ride

As the sun and moon embrace
Momentary peace and serenity.
Loving this time and space
Solar eclipse totality

Upon the canvas of celestial blue,
My sun and moon, they rendezvous.
It's a surreal sight as day turns to night
Four minutes of amazing view
Dazzled in a cosmic daze
At a glowing black hole in wonder I gaze
Emotional vibe, I think I cried
At the total eclipse thru the haze

Here comes the moon shadow tide,
As I'm taken on this fantastic ride
Here comes the moon shadow tide,
As I'm taken on this fantastic ride.

Siraz  ©4/2024

https://soundcloud.com/sirazimuth/totality6

GO BITCOIN

[xhomerx10]

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

Merely because you were able to buy lower than you had sold does not mean that what you did was the better of practices.. but hey whatever, you do you.

JayJuanGee there are people who think it a success i.e. "able to buy lower than you had sold". If you do that then you might get some good profits but surely missing the real party.
Halving is coming and it will be interesting to see how "JJG Sustainable Bitcoin Withdrawal Strategy" tool will guide us.

That strategy is meant for either someone who has a specific budget or someone who has already overaccumulated BTC.. so I am really not suggesting the strategy be used for trading and/or to sell BTC to buy back cheaper, especially for guys who had not already concluded that they have enough or more than enough BTC... which seems to be what a lot or smarter than everyone else newbies seem to want to do, and then they end up never reach a point of high enough BTC accumulation to actually justify using something like either the sustainable withdrawal tool or even a raking system, which also presumes overaccumulation of BTC.

You do not need to necessarily find out how the sustainable withdrawal tool will do, since you can back test it.. thank bitmover for that bonus feature...

Yes, I know that past performance is not indicative of future results, yet I think that the sustainable withdrawal tool show that you can engage in a pretty aggressive withdrawal strategy of 10% or more and still maintain and/or increase your BTC value in terms of dollar value.  So yeah, your BTC amount is going to go down by engaging in the withdrawal practices, and you likely should also to try to lighten up on your withdrawals during the periods that the BTC price is at or below the 200-WMA.. and the advance withdrawal is optionally a way to try to play the waves.. . yet at the same time there is an ongoing presumption of your using the tool based on your having already had accumulated enough or more than enough BTC by the time you start to employ such strategies. and personally, I recommend valuating your holdings and your goals based on the 200-WMA rather than BTC spot price... I also don't recommend selling in order to buy back later.. even though the advance withdrawal has a bit of that presumption of being able to buy back built into it (especially if you wait until the much higher levels when the BTC price  is 400% or more above the 200-WMA .. because there is a bit of a presumption that those higher rates are not sustainable, and if you end up cashing out too much BTC at those prices, you are likely still going to be o.k.. especially if you had already determined that you have accumulated too many BTC... a shitty part of it remains tax consequences.. hahahahahaha

[ChartBuddy]

Explanation
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[JayJuanGee]

Oh boy. There’s a drop with some volume. I suspect we may see a bit of a rebound now but that may be wishful thinking. Let us hope we don’t see lower lows from here but there’s also a chance this kicks off another wave of selling and cascading liquidations. I will get worried if we dip below $60,700. Looks like the halving fun is kicking off a bit early!

You really consider the lower low to be below $60,700?   You are not even out of the don't wake me up zone.

I think that we have to go below $55k before I might start to wake up from this seemingly boring normality... that at most would be a BIG ANT dump.

Oh boy. There’s a drop with some volume. I suspect we may see a bit of a rebound now but that may be wishful thinking. Let us hope we don’t see lower lows from here but there’s also a chance this kicks off another wave of selling and cascading liquidations. Looks like the halving fun is kicking off a bit early!

Absolutely! the drop from $70k to $60k is a sharp move, but as you noted it's not out of character for Bitcoin as volatile, especially 6 days close to major events like a halving. This type of volatility is driven by a mix of speculation from investor sentiment and market dynamics. While these declines can be unsettling they are a part of the broader ebb and flow that defines the crypto markets as I predicted before while many users here were attacking because I warned for a such situation.
When looking at the long term trends Bitcoin has shown resilience and growth over the years and especially reaching ATH level weeks before. For those invested in the market it’s good for them maintaining a perspective on these longer term trajectories which can be as important as managing the immediate fluctuations.

Personally it’s a chance for me to buy again in cheaper, this is another chance for us!

But we are not talking about shitcoins here.

Who gives any shits about "crypto markets?" 

Does the tail wag the dog, or what?

..... better alternative in theory could be Iceland, but in that season it is prone to cloudy sky.

After our last epic eclipse trip to experience a spectacular, staggering, stunning, stupefying 4 minutes of life was a success,*
my brother already wants to plan a trip to Iceland in 2026. But agreed, fillippone, the weather is a deal breaker.

*The weather cooperated with sunny skies, albeit, my brothers DJ skill was a fail...
Me.... (at moment of totality) "TURN UP YOUR BOSE SPEAKER BRO!!"  
Brother..."I don't want to disturb the neighbors"...
Me...."seriously? are you shitting me!??? its a total solar eclipse FFS!!

That is fucked up.

-2 WO for uie-pooie... sirazimuth

If you had not noticed, nature does not have any sounds coming out of amplifiers.

Similar when going camping next to a bunch of loud folks who are not able to separate themselves from being loud as fuck, 24/7 and who seem to be unable to appreciate the actual sounds of nature.

You need a batslappening sirazimuth for fucking up nature and your brother saved you from being even worse..

Hey, what about you put on headphones so you can really get into it..?  Ever think about that?.  #nohomo

I thought that just the young whipper-snappers did those kinds of "ruinin dee moo" things, having inabilities to leave city life behind, fucking up nature and imposing their "unnatural" and usually way too loud sounds on others.

[ChartBuddy]

Explanation
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[Toxic2040]

[ChartBuddy]

Explanation
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[JayJuanGee]

Imagine being that much of a paper-handed, sissy bitch that you start selling your Bitcoin because Iran sends drones to Israel  

Never going to be me.

I think that was just the straw that broke the camel’s back. Profit taking before the halving, tax selling as the deadline approaches, and forced liquidations probably played a large role as well. Maybe with some luck we won’t see a post halving profit taking drop because they’re all getting out now, but I also wouldn’t be totally shocked if we revisited $52K one more time before a year long bull run.

I am not predicting anything and don't want to scare the "children", but I can see even $40-42K as a remote, albeit unlikely, possibility.
WS "loves" to jerk the strong assets up and down to weed out the "weak hands"....witness 2020.

Hahahaha

Maybe dragonvslinux is going to be back soon in order to revive his betting terms?

I’m guilty of it. I admit. I had such a bad 3 days. First bought some wif with big money right before the crash. And then switched some Btc to wif out of speculation, right before the Iran dump. And then I sold some Btc at 62k out of frustration  

Really the master of bad timing. Have to wait it all out now.

Wow so sorry for your loss but why sell Bitcoin in loss?
Was it future?
Because I don't really see any reason selling a coin especially Bitcoin while on spot.
I bought yesterday around $67K Now it's $61K, added around $62K.
As long as its spot you shouldn't sell in loss
Well can't blame you
Guess that's why it's adviced to invest money you can loss or your heart can take. If the money is not for emergency you can buy bitcoin with Now with some of the money or an altcoin that has performed well this year like solana.
Not an advice, just me ranting.

ok I got it Iran is attacking Israel but WTH are you guys selling you bitcoins?

Like I don't know how's related.Seems like Covid once again.
With a fall like this we can definitely see a new ATH once it starts rising.

It wasn’t a lot. I sold because of the possible war scenario. Because I am 100% fully in crypto and have nothing on the side. If it dumps, I’m buying back at some point. If not, I had plans to cash out a bit anyway because I’m holding since 2013.

You seem to be exaggerating UnDerDoG81.  The mere fact that BTC is your only investment does not likely mean that you are 100% bitcoin, even though I can see how it might be characterized that way...

It just sounds strange that you are proclaiming that you never sold any BTC since 2013, yet there have been so many times you had been in this thread whining about you were going to sell. .and then yeah, maybe you finally did?  

But still..

hard to take you seriously... .If you have a job and you have cash and bitcoin, then your cash is not in bitcoin.  If you have been living completely on bitcoin and converting all of your cash into bitcoin then maybe you would be 100% bitcoin, but you already claim that you had not sold any since 2013.. and it seems that you claimed that last cycle too.. after one of your sales and then your whining about it.  Or maybe I am remembering wrong.  You might have been whining, but never ended up selling.. who knows?  You sound a bit all over the place in terms of trying to follow what the fuck you are talking about and what might be some of your goals in regards to your supposedly holding bitcoin.

...EDIT: I bet (hope) there will be a song composed about his experience soon, too.

Great idea OoM...  

Totality

On a backdrop of cirrus and blue,
A star and moon rendezvous
Day turns to night, a surreal sight
Four minutes of a darkened hue
Dazzled in a cosmic daze
At a glowing black hole I gaze
Emotional vibe, and maybe I cried
At the total eclipse thru the haze

Here comes the moon shadow tide,
Take me on a brief mythical ride.

I stand in awe, of the stellar dance
Keeps me in a mesmerizing trance
My mind numb, I'm overcome by a
Momentary universe romance
In this fleeting moment, I feel inside,
A magic of the ethereal kind.
Words of wonder, in awe we ponder
As the moon and sun align

There's the coming of the moon shadow tide
Takes me on a mythical ride.

As the sun and moon embrace
Momentary peace and serenity.
Loving this time and space
Solar eclipse totality

Here comes the moon shadow tide,
I relish this fantastical ride.

Upon the canvas of celestial blue,
My star and moon, they rendezvous.
Day turns to night, a surreal sight
Four minutes of amazing view
Dazzled in a cosmic daze
At a glowing black hole I gaze
Emotional vibe, I think I cried
At the total eclipse thru the haze

Here comes the moon shadow tide,
As I'm taken on this fantastical ride
Here comes the moon shadow tide,
As I'm taken on this fantastical ride.

Siraz  ©4/2024
(coming soon to a Soundcloud near you)
GO BITCOIN

Can you sing this one at the next 2026 solar eclipse in Iceland while getting batslapped after every verse  and chorus (after every paragraph or after every line, perhaps?).

[Gachapin]

Imagine being that much of a paper-handed, sissy bitch that you start selling your Bitcoin because Iran sends drones to Israel  

Never going to be me.

I’m guilty of it. I admit. I had such a bad 3 days. First bought some wif with big money right before the crash. And then switched some Btc to wif out of speculation, right before the Iran dump. And then I sold some Btc at 62k out of frustration  

Really the master of bad timing. Have to wait it all out now.

I wondered what you mean with WIF, than I searched... good lord... "dog wif hat" coin ... ? You bought that with BTC ?  If so, you must be quite lost...

[Gachapin]

I’m guilty of it. I admit. I had such a bad 3 days. First bought some wif with big money right before the crash. And then switched some Btc to wif out of speculation, right before the Iran dump. And then I sold some Btc at 62k out of frustration  

Really the master of bad timing. Have to wait it all out now.

Wow so sorry for your loss but why sell Bitcoin in loss?
Was it future?
Because I don't really see any reason selling a coin especially Bitcoin while on spot.
I bought yesterday around $67K Now it's $61K, added around $62K.
As long as its spot you shouldn't sell in loss
Well can't blame you
Guess that's why it's adviced to invest money you can loss or your heart can take. If the money is not for emergency you can buy bitcoin with Now with some of the money or an altcoin that has performed well this year like solana.
Not an advice, just me ranting.
 

ok I got it Iran is attacking Israel but WTH are you guys selling you bitcoins?

Like I don't know how's related.Seems like Covid once again.
With a fall like this we can definitely see a new ATH once it starts rising.

It wasn’t a lot. I sold because of the possible war scenario. Because I am 100% fully in crypto and have nothing on the side. If it dumps, I’m buying back at some point. If not, I had plans to cash out a bit anyway because I’m holding since 2013.

oh you are one of these cRyPTo people... now I see 

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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