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

[ChartBuddy]

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[ChartBuddy]

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[CheapYoutubeHits]

TODAY ITS THE DAY UP OR DOWN WHERE WE GOING BABY BOIS?

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[vapourminer]

TODAY ITS THE DAY UP OR DOWN WHERE WE GOING BABY BOIS?

to the ignore list!

[CheapYoutubeHits]

TODAY ITS THE DAY UP OR DOWN WHERE WE GOING BABY BOIS?

to the ignore list!

 I think bitcoin gonna dump

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[xhomerx10]

TODAY ITS THE DAY UP OR DOWN WHERE WE GOING BABY BOIS?

to the ignore list!

 Comedic gold right there!

[Natalim]

I love Eric Trump.

Eric Trump sees bitcoin hitting $1 million, praises China cryptocurrency role

"There's no question bitcoin hits $1 million," Eric Trump said during a panel discussion at the Bitcoin Asia conference, citing surging institutional demand and limited supply.

[d_eddie]

I love Eric Trump.

Eric Trump sees bitcoin hitting $1 million, praises China cryptocurrency role

"There's no question bitcoin hits $1 million," Eric Trump said during a panel discussion at the Bitcoin Asia conference, citing surging institutional demand and limited supply.

Paraphrasing some famous commentator (can't remember who it was): just give daddy the time to f'up the country bigly, price of a dozen eggs to reach $150, and then you'll see!

[ChartBuddy]

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[bangjoe]

Come on Bitcoin, one big push into the end of the year 🙏🏻
@CryptoJelleNL
Global liquidity pushing to new highs.
Time for Bitcoin to follow, once again.

Bring on $150,000.

https://x.com/cryptojellenl/status/1960986717520798100

Well I will do a long leverage with 50x, with SL below $ 109k, with the data now I am quite confident that Bitcoin will continue to survive above $ 110k, at least until the interest rate cuts occur and the money will flow back to the market.

One way to assuredly lose money on an otherwise sure thing.  Use leverage.

If you have 50x leverage, then don't you need only a 2% drop to lose everything?  That's why you are using a stop loss.. but still.

I imagine that there are guys who win, from time to time, using leverage.

I know goldkingcoiner is not even talking about his accidental win on his 80x leverage.. which could mean that sooner or later he ended up giving it all back.  There may be ways to play them smartly perhaps.

If you entered the 50x leverage at $111k, then a 2% drop would be slightly below $109k .. so is that how you do it?  You have a stop loss at $109k, but you have already lost most of your money by then, no?  Of course, if it goes up from th point of your entry, then that works out pretty good.. so if you were betting a whole bitcoin and it went up to $115k and you cashed out, that would be $4k x 50 = $200k.  I understand that you are not playing with those kinds of numbers, and probably for good reasons guys get nervous when they enter positions with really high leverage.. anything beyond 5x seems very difficult to manage.

Thank you for your concern....
Everything you said is correct, it just depends on the margin used, because the percentage calculation comes from the margin calculation. If your wallet has $10, and you use $1 to fill the margin, you have sufficient resilience in the trade you are doing, even if you use 50x leverage.

For example, if the market price drops by -2%, your position would be at -100%, meaning only -$2 from your wallet. This loss is quite normal from this perspective. Similarly, if the Bitcoin price increases by +2%, only $2 would be added to your wallet.

How to assess the market side, risks must still be measured so as not to exceed one's ability to accept losses.

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[philipma1957]

some 108.9k dip dip dip.

[CheapYoutubeHits]

some 108.9k dip dip dip.

86k dip

[danadc]

One of the things that has me thinking is that many people say that BTC could fall a little further if a certain assumption isn't met, and many articles almost agree with the same argument:

As Cointelegraph reported, Bitcoin’s price outlook hinged on holding above $112,000.

Similar sentiments were shared by MN Capital founder Michael van de Poppe, who spotted Bitcoin trading at $112,800 on Thursday and said that the support at $112,000 was “crucial” for BTC price.

“If Bitcoin can’t hold above $112K, we’ll probably face a very ugly correction across the board.”

cointelegraph:https://cointelegraph.com/news/bitcoin-traders-btc-must-close-week-above-114k-ugly-correction

Of course, they are based on assumptions that may ultimately be invalidated. In this case, I hope this is the case and that a new bullish rally will eventually come.

Something nice:



x:https://x.com/100trillionUSD/status/1960976435138429033

[cAPSLOCK]

Deep breaths, oh, and bend over.

[ChartBuddy]

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