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

[serveria.com]

Is oversold in the room with us?

Nobody willing to sell but nobody willing to buy either. 

[Greyhats]

When she goes up, I try to figure out if, when, how much to sell. That requires a lot of energy and makes me weary.

I still like it a lot more when she goes up though. Go figure.

On the topic of cheap dinners, another good addition to the rotation is plain pasta with soup powder sprinkles its way more satisfying than ramen with an egg and cheaper too! When ya get that one piece of pasta with extra sprinkles its like scooping out the last bit flavour dust from a bag of chips.

@greyhats.. same here. i dont really pay attention to dips,  even this one. and uppidy requires actual planning beyond ladders on exchanges.

I think both of you are onto something, I definitely do more planning when we are in uppity. I do absolutely love uppity from a monetary perspective but maybe i should layoff all the extra dreaming/planning stuff in uppity to see if that keeps me a bit more sane.

Cheers all, now time to go back to being odd :-)

[d_eddie]

Merited for the thrifty food tip.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

Is oversold in the room with us?

Nobody willing to sell but nobody willing to buy either. 

I think a lot of people are willing to buy. The problem is that nobody has cash still sitting around to do so. That will change as time goes on. I’m sure as we speak there are thousands of people moving assets around and trying to raise funds to buy the dip. GameStop has to be licking it’s chops with $5 billion in cash right now…

[vapourminer]

hey relax and enjoy it like d_eddie, greyhats and myself 

@greyhats.. same here. i dont really pay attention to dips,  even this one. and uppidy requires actual planning beyond ladders on exchanges.

to expand a bit: for dips i basically have a set amount of discretionary funds already laddered dedicated to dips. when its gone thats about it unless i really think its a super duper price. so no real point in worrying or checking the price even.

uppity, on the other hand, has consequences like taxes etc that get in the way of too much automation.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[cAPSLOCK]

What if Bitcoin has made me entirely insane...

I suppose there should be question marks at the end there.  But nope.

I am crazy as fuck... treat me as such.  I think most of you already do.

Also...

SUPERCYCLE

[philipma1957]

What if Bitcoin has made me entirely insane...

I suppose there should be question marks at the end there.  But nope.

I am crazy as fuck... treat me as such.  I think most of you already do.

Also...

SUPERCYCLE

Maybe just maybe could it be a sharp rise in the next week or two once Russia and the Ukraine end that war.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

CME gap at $75k.

$10k dump incoming? 

it depends...first off, it's just "stupid" CME that is not even open for most of the weekends and holidays.

Second, not if it is a breakaway gap.
NVDA gapped from $30 to $36 (split adjusted) in May 2023.
Current price is $120. That gap is now more than 20 mo old.
Yeah, it will go to $30 in case of a Depression, but it is not very likely right now.

[d_eddie]

Is oversold in the room with us?

Nobody willing to sell but nobody willing to buy either. 

Low volume is creepily horrific though. Wen wat??

[cAPSLOCK]

Is oversold in the room with us?

Nobody willing to sell but nobody willing to buy either. 

Low volume is creepily horrific though. Wen wat??

Moon. 

But the answer is simple.

The moon is always in the sky.

[BobLawblaw]

Welcome to the pain zone.

https://x.com/CarlBMenger/status/1895115748613427342

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

So many liquidations… This isn’t how the FTX dispersal was supposed to go… Seeing lower and lower prices on lowering volume. Not a good sign. This price action can only be described as panic selling and cascading liquidations. This is either the end of the bull run, or we’re about to see the mother of bounces. Trying to keep my faith in the cycle but this is painful.

[cAPSLOCK]

Oh god im going to...  

Whooo let's just stop it there.

I bought my first bitcoin at $17.

It had fallen from a high of 32 or so.

I watched it fall to $1.50ish?

At $2...  I thought about selling my Subaru to buy a couple thousand more.

I didn't.

      Sigh.

Here's the thing for those that are new. It does this. It's done it many times. It jumps up, and then it fades back down to fill that gap, and then it jumps up again. Even more, you'll be okay. Hang tight.

[cAPSLOCK]

Also. 71-73.7 is going to hold if we go that deep.

Well it should.