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

[JayJuanGee]

[edited out]

............If we dropped to 39k it would be under my buy steps downwards.

I have powder to buy at lower numbers. buy low buys go to 42k at the moment .

Just not sure I would want to set. say 38k 35k 30k as lower steps.

I don't have any problem keeping my buy orders below the 200-WMA even as the 200-WMA continues to move up.. , and so yeah when the BTC price is moving down, it can seem kind of debatable how low to keep buy orders in order to keep buying..

With you Phil, we have already heard that you continue to buy as the BTC price goes down, but if it goes below your buy orders then you start to sell.. and start recommending T-bills.

hahahahahaha 

So, any serious bitcoiner shouldn't be asking you what to do.

I am not serious I am delirious.

At least, that part has been clarified.   

https://x.com/naiivememe/status/1841357949484368178?s=46

that's my state, when we dump into mindrust territory every 4 years

we would need to go under 39k this year for me to get stressed bigly

35k here

$35k would be pretty stressful, yet i am thinking that I am going to start to feel nervous if we go below 20% higher than the 200-WMA prior to the end of 2025, as I had mentioned that as a possible betting point that I had been willing to entertain to  say that we are not going there... so right now 20% higher than the 200-WMA is right about $47,520, and sure just dipping below that price, such as a spike or even in the context of some blackswan event, might not bother me as much as if we were to say below that for more than a week or two..

I still cannot really see why folks are getting so worried, and we largely still seem to be bouncing around in noman's land/don't wake me up zone, which surely we have been here for a while, but getting caught in a relatively long consolidation area is not even that unusual in the whole scheme of bitcoin's history, including that the positive part of this consolidation it is taking place towards the higher end of the BTC price (think about our so far dip down to $49,577, it is ONLY about 33%-ish from the current ATH), rather than some of our previous ones we were like a lot less than 50% of the BTC ATH area..

New PlanB video if you hadn't seen it yet.
https://www.youtube.com/watch?v=1WCV3hGoqC4

Maybe I get along so well with PlanB's ideas because he said some similar things as what I had said above, even though I wrote my above response prior to watching his video.  It is a good watch and only 14 minutes.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

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[ChartBuddy]

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[Ambatman]

We've touched under $60K thrice
I expect a rebound from here.
If no nuke is launched today.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

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[ChartBuddy]

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[philipma1957]

buddy be bouncing.


or buddy done dropping

or buddy stop sinking

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[d_eddie]

C'mon buddy do something. Hint: go the other way, tyvm.

[cygan]

https://x.com/wallstwolverine/status/1841848084919161232 

[Bitcoin Smith]

buddy be bouncing.

or buddy done dropping

or buddy stop sinking

C'mon buddy do something. Hint: go the other way, tyvm.

Buddy needs a little nap at cozy 60K.

[Volgastallion]

We are gonna have to be prepared if Israel and USA finally smash the oil refinery of Iran regimen, the first winners are gonna be the Saudi crown because of Oil price going up and winning the share of the market of the destroy Iran.

But second and after a super dump motivated by this escalation we can be the second in the line of winners, with a super recuperation for BTC and start to become the new gold. This can be also motivated and pushed by a new line of goverments more tilt to the BTC and the blockchain in general. We have elections now in november in the US very important.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[xhomerx10]

Speaking of super dump, the sun just unleashed another larger flare from the same spot and this time it's an X9.1... so close to the X10  .  Anyway, this time there is no question as to whether it was accompanied by a coronal mass ejection - it was a halo CME.  So because of the time of year, the size of the flare and the priming flare of a couple days ago, we should be in for a special treat this weekend.  Sorry I have no pics, I'm on the road atm.

Edit: here's a gif of the halo CME (coronal mass ejection) courtesy of SOHO and scaled down with ezgif.com - I'm always impressed by what a simple phone can do these days.

[jojo69]

We are gonna have to be prepared if Israel and USA finally smash the oil refinery of Tian regimen, the first winners are gonna be the Saudi crown because of Oil price going up and winning the share of the amrket of the destroy Iran.

But second and after a super dump motivated by this escalation we can be the second in the line of winners, with a super recuperation for BTC and start to become the new gold. This can be also motivated and pushed by a new line of goverments more tilt to the BTC and the blockchain in general. We have elections now in november in the US very important.

[birr]

This post is for people who file taxes in the U.S. and want to be in compliance.
For those of you who refuse to have anything to do with taxes and laws, that's fine.  But this post isn't for you.
Some of you still may not be able to refrain from replying ph*ck the IRS bitcoin's gonna burn their shit down, or words to that effect.  Whatever.

The IRS has made a very big change in the calculation of crypto capital gains, which will phase in completely in 2026.
2025 is a transition year that the IRS calls "safe harbor."  The process of transitioning to the new capital gains tax calculation regime by way of this safe harbor is pretty complicated, but what did you expect from the IRS?
First you have to choose an allocation method for assigning basis to your coin holdings, and it has to be done wallet by wallet -- no longer are your coins in one big heap, so to speak, but every wallet has to have the capital gains on the coins sold from it calculated separately.
The two methods of assigning basis to your sells are:  global allocation, and specific identification.  You choose one allocation method and it applies to all your wallets.  A "wallet" can be a private wallet ("unhosted") or a custodial account like an exchange.
If you use global allocation, each wallet has to have its capital gains/losses calculated by FIFO.  So you'll need a strategy, like putting coins with a high cost basis in one wallet and coins with a low cost basis in another wallet.  That way you can sell from the wallet with the high basis coins, in order to lower your taxes.  If all your coins were in one wallet, the FIFO requirement would draw on the oldest basis, without regard to whether it's high or low.  And since older coins might have lower cost basis, you could end up paying more tax on them.
If you use specific allocation, you choose the cost basis for the tax calculation of every transaction.  And you have to declare the allocation before you sell.
The extra control this gives you might sound good, but it could make doing your taxes a monster headache if you have more than a just few transactions.

This is how I understand it.  Do your own due diligence.

[Volgastallion]

We are gonna have to be prepared if Israel and USA finally smash the oil refinery of Tian regimen, the first winners are gonna be the Saudi crown because of Oil price going up and winning the share of the amrket of the destroy Iran.

But second and after a super dump motivated by this escalation we can be the second in the line of winners, with a super recuperation for BTC and start to become the new gold. This can be also motivated and pushed by a new line of goverments more tilt to the BTC and the blockchain in general. We have elections now in november in the US very important.

Depend on how much big is gonna be the shelling we can see this island dissapear from the earth if they drop some serious bomb plus the ammount of fuel to brun there, i dont want to be a worker in that island right now.