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

[ChartBuddy]

Explanation
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[Gachapin]

Down first to wipe out those leveraged cunts.

honest question, do you still think 126k to 59k was a massive bear trap?

(I would love it to be one)

Yes.

interesting, I must say I lost most of my hope for a quick recovery back to 126K

also, as someone else pointed out, it's rather unusual that (bear) traps last half a year. It's been 5 months now, and it seems difficult to get back to 126k within the next month..

But yeah, I really hope for this being a bear trap. It would also be fun if King Daddy showed everyone that he's still capable of ripping upwards like a mofo and leave everyone in the dust with their fiat in their paper hands... well one can dream

[JayJuanGee]

I am fairly much unemployed, so i'll not likely be taking very many buying opportunities.

OK, so what was your average sell price, and what percentage of your holdings did you sell?

I'm not sure what you're asking this for. Did I say I sold something?  I said I am not currently a buyer because I am broke.

I frequently go through these kinds of discussions with guys, and surely we progress through stages of our BTC accumulation journey.. so likely in the very beginning we would be buying at any price and that might last 2-4 years or even longer for guys who have low incomes.

Then we might progress into a stage in which we are ONLY buying in dips... and maybe sometimes the dips don't matter anymore.

So then if we don't have other income sources, we might have had already sold at various points along the way, or we might end up continuing to sell, even during dips.

Feels a bit like we’re in no mans land. Obviously with a long enough timeframe there is never a bad time to buy Bitcoin but for me personally, the price is too low to justify selling any and it’s not low enough for me to want to buy any coins back with the fiat stash I am sitting on.

Patience is required during these times but I think it is better to do nothing now. I believe we will go sub 60k and maybe even bottom sub 50k.

I will admit that the macro situation is not looking good for the price to pump back up in the next weeks and/or even for several months, under a better set of scenarios, if such were to play out.

By the way newbies, no coiners, low coiners should be ongoingly buying no matter the price, including current prices and including perhaps buying ongoingly for 4 years or longer, unless they might be able to front load their investment.

Typical from a vlaka greaser, goat humper...  

Please, for the sake of your massive cunt, do not, I repeat - do not - attempt to write anything in Greek or greekglish.
I’d rather you took a jab in Hebrew instead.

Oυάoυ. Aυτό ακoύγεται σαν πρόκληση. Aπό εδώ και στo εξής, θα σoυ μιλάμε ελληνικά.

Sounds like Greek to me.

[ChartBuddy]

Explanation
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[xhomerx10]

Oh my, I would say that this is definitely an Eve and Adam Cup and Double Handle Knock-Knock pattern if I've ever seen one in my life.

 Whoo!  Call it in!

[OutOfMemory]

Oh my, I would say that this is definitely an Eve and Adam Cup and Double Handle Knock-Knock pattern if I've ever seen one in my life.

 Whoo!  Call it in!

Looks more like a Snail got beaten up and went home pattern 

[philipma1957]

all I see is a 6 7

surrounded by 68 and 0

[ChartBuddy]

Explanation
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[fillippone]

I am going to improve it next month.
I am trying to add a most merited post chart on this.
Any other suggestion, more than welcome!

All good. I will let you know if anything comes in my mind.

I spent time in understanding Fig. 5. Correlazione mensile tra variazione prezzo BTC e volume post but wasn't able to comprehend that. Can you just explain this in one or two lines?

"correlation between post volume and BTC price,"
 as if when the price is falling, the number of posts also falls,
 and when the price is rising... it seems the number of posts to increase...
- I found this correlation interesting...,

-----

Well spotted. An Italian caption from another post.
This is actually the correlation between variations: the monthly change in price c’è the monthly change in posts on the WO. This gives you four areas:

• More posts, higher price:Bull Hype
• More posts, lower price:Panic Posts
• Less posts, higher price:Quiet Rally
• Less posts, lower price: Bear Silence

I will correct everything in the next iteration!

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[El duderino_]

37K would be nice. I would not bet on it but it would be nice.

Actually it would be cool if it insta dipped to 37k and immediately spiked to 137k !

As long as I’m a sleep ….

[JayJuanGee]

37K would be nice. I would not bet on it but it would be nice.

Actually it would be cool if it insta dipped to 37k and immediately spiked to 137k !

As long as I’m a sleep ….

I recall one time I lost access to one of my accounts on an exchange for more than 3 months during a fairly volatile period in bitcoin's price in early 2017, and I had buy orders filled all the way down to $800-ish and BTC sell orders filled all the way up to $1.7k..ish.. .

In some sense it felt good to have all of the orders filled (on both ends).   Yet at the same time, when I returned, the whole order book was empty, so when I got my account back, I just went back to resetting the orders (on both ends) to where I felt that they should have had been at that time.. I think that the price was mostly breaking upwards by the, but at any given time, we don't really know which way the BTC price is going to go.  

Back then in early 2017, I was probably dealing with less than $100 order increments.  

These days my buy/sell order increments are $2k-ish while we are in these current price doldrums and then my buy/sell order increments will be $3k once we get back above $75k-ish (or should I say "if" we get back above $75k?)...

[Hueristic]

I've noticed many Trezor/Ledger phishing emails passing through the spam filter and ending up in my inbox. They are more polished than usual and almost look legit, until you see the sender's address and examine the links inside them.

Be extra careful. I know most if not all of us here are experienced enough to spot them, but one can never be too careful. From getting contact details to stealing seeds and passphrases, be extra careful with your coins.

I got an actual snail mail letter. Looked pretty good. Except it was signed by the "ceo of ledger"

I also got a phone call from "paypal" asking for info I told him " listen to me carefully you are just fishing"

He answered yeah and hung up.

So yeah be careful.

Scamming on the rise.

Oh silver tanked hard  93 to 81

One thing I miss about having my phone set to ignore calls that aren’t in my phone book is all the wonderful and ridiculous things I would say to try and keep them on the line as long as possible. It really did become something I enjoyed. Oh well.

Silver’s move suggesting the bull run in metals is behind us?

Maybe Daisy could be of help to us? A UK telecom company has created a bot called Daisy with the help of AI, and this bot answers scam calls and replies to messages stealing their time and protecting other users. I read that some scammers talked to such bots for quite a long time, completely unaware that they were not real people. I personally have a large blacklist of blocked numbers, and I have completely blocked some countries, successfully reducing the number of unwanted calls by at least 99%.

In an age where scams are everywhere, UK telecom giant O2 has introduced an innovative AI bot called Daisy. This AI grandma answers scam calls in real time, chatting with scammers to waste their time and protect real users. This technology shows how AI can be used to fight scams and offers a new way for telecom companies to stop fraud.

https://www.communeify.com/en/blog/o2-launches-ai-anti-scam-chatbot-daisy-smart-grandma-keeps-scammers-waiting-for-40-minutes/

Funny, I told some peops on hackerone to do this same thing a few months back when curl devs were getting slopped to death on the bounty program.

[BTCETFInvestor]

Please, for the sake of your massive cunt, do not, I repeat - do not - attempt to write anything in Greek or greekglish.
I’d rather you took a jab in Hebrew instead.

A filthy Greek goat dick sucker. You are nasty!

[ChartBuddy]

Explanation
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[hostm]

I look at the latest spot bids on Binance exchange:

Bid 141 BTC at 65,000

Bid 177 BTC at 63,000

Bid 216 BTC at 62,000

Bid 145 BTC at 61,000

Bid 118 BTC at 60,100

Bid 605 BTC at 60,000

Do you think they'll lower these bids if Bitcoin starts to fall? Or will they buy all these at current prices?

[ChartBuddy]

Explanation
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