Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1390. (Read 26723398 times)

That would have been 2022.. 2023 was a walk in the park compared to 2022.. even though surely clown world has continued to be pretty outrageous in 2023, that's for sure...so yeah, maybe you are referring more to overall circumstances, rather than BTC price performance specifically.


What is the "crypto community?"  

Are you sure that you are in the right place?


That earlier wall was really BIG, so I would not mistaken a "little wrinkle" for the same thing.  

It seems to me that if the $48k-ish sell wall ends up getting redeployed (even at a different price, maybe $53k), then we likely would not have any difficulties in clearly identifying it.


I hate to be all "technically" on you, but if you look at Bitstamp 3-day candles, somewhere around March 25, 2022, we had reached $48,234.  

https://bitcoinwisdom.io/markets/bitstamp/btcusd

To the extent that it even matters.. I still consider in the ballpark of $55k to be our meaningful resistance point that differentiates where we are at and getting into noman's land.. yet at the same time, we know that bitcoin price points do not really play out in scientific ways, even though the TA guys will frequently make such claims, and surely there will be buy orders stacking up at various support points and sell orders stacked up at various resistance points, so I am not going to completely deny BTC's price dynamics that end up happening when those support/resistance points are broken (largely a period of unchecked price movement).


Seems like a stretch to just assume that we go to some place in the middle of noman's land without attempting to address what happens prior to entering noman's land, which is right around $55k.

You are presuming just getting through the $50k to $55k arena without any correction?

Yeah, of course, it is possible, but seems that there would need to be quite a bit of volume for that to happen.. and yeah, sure something like 14 Bitcoin spot ETFs getting approved within a week or two of each other (maybe even all at the same time) could facilitate such temporary trade volume to break through that.. but I would not just assume such a breaking through based on mere chart squigglies.

Jim Cramer says: BTC is a reality. It’s a technological marvel, and people need to start recognizing that it’s here to stay.



>>> https://twitter.com/saylor/status/1742201268687245635?t=anPyrgao4Qsj1dO8nMLHqQ&s=19

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Tomorrow is the 15th anniversary of the Genesis Block - the first block of Bitcoin that was mined on January 3rd, 2009.

Explanation
Chartbuddy thanks talkimg.com

With reference to your forum registration date, you have the potential to have had been in bitcoin long enough in order to reach a status of being able to rake (1.5 cycles or 6 years) .. .. but surely it becomes problematic if you are raking way too premature, and then probably you would just sell way less with an expectation of putting it to work in terms of having fairly aggressive buy back plans - even if the buy backs might not end up working out because there are no guarantees that the BTC price will correct, and so therefore you would have to prepare that you might not be able to buy back any of the amount that you sell, which brings us back to the question of why anyone would be selling if they have not yet accumulated enough BTC... since selling to buy back more BTC is more of a gamble than an exercise in either prudence or keeping yourself in the stronger kind of an accumulation mindset.

Let's say for example that you had lump sum invested into BTC at various points, in your earlier days, so that would be a 1.5 cycles or 6 years timeline to let the lump sum buy amounts run, so maybe you have enough BTC built up to start a raking practice.

the other part would be if you had been DCA buying all along, so even if you were fairly aggressive at $1k per month or $250 per week, then you would have had invested about $78k and accumulated about 6.72 BTC (average cost of $11,600-ish and valued currently at $305k-ish, which is right around 4x profits). 

Your profits would be good enough to start raking, but you still would have to figure out the extent to which $305k-ish is enough capital in order to start a raking strategy rather than continuing to accumulate.. and you could imagine if you are both raking and accumulating then you are kind of spending your wheels by selling coins out of one hand and buying back with the other.


That is a decently fair question regarding which first $39.9k or $50.1k.. and surely I have been thinking $35k to $55k was our range, so even within the price points that you are talking about, it is still seeming like mostly noise, and guys (and gal) need their sleep.

And the other part is April..

Hory sheeeiitt..

You need more than 3-ish months to resolve noise.. and don't mean to brag too much, but at least my range numbers seem more relevant if we are going to go that far out in terms of considering which direction we might go or break..

It seems to me, even if we take the more interesting range, I would still be torn about if the BTC price might break above $55k or below $35k.. which one first, and it does almost seem that we have to take out the timeline if we are talking about which one first, because if you throw in both time and price as variables, it becomes way more difficult to put in probability assignments.. even though surely we could talk about April or even the halvening as a kind of deadline for our prediction to happen.. which the halvening is looking like it would most likely be somewhere in the second half of April. maybe close to the 20th, give or take 5 days.

Explanation
Chartbuddy thanks talkimg.com

Bitcoin Lightning network transfer capacity is increasing

The Bitcoin Lightning Network's capacity to make Bitcoin transactions so much easier is near an all-time high and even on an upward trajectory.

Since the launch of the Lightning Network in early 2018, its usage has grown impressively. Despite the broader cryptocurrency market fluctuating during the 2022-2023 bear market, the Layer 2 network has demonstrated a consistent uptrend. Users believe that the Lightning Network enables faster, cheaper BTC transactions and is critical to greater retail adoption of Bitcoin payments.

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>>> https://crypto.news/bitcoin-lightning-network-transfer-capacity-keeps-growing/




BTC $46k soon

Bitcoin is now trading at a 21-month high.

Happy belated New Year Observers.

Very well said do you have any news that indicates bitcoin will be pumped very soon? Bitcoin will pump a lot in 2024, everyone knows it already.

Explanation
Chartbuddy thanks talkimg.com

Friends, we saw the price of Bitcoin pump up a lot in the beginning of 2024. We hope to see better things this year. For those holding Bitcoins, don't think about selling Bitcoins. Buy Bitcoin and hold it for a long time. Currently the price of Bitcoin is very low so if you don't want to regret missing this opportunity, keep buying Bitcoin.

I don't know if you are ready for the next price but it seems to me that this is a possibility for bitcoin to go higher.

BREAKING: Grayscale just filed another amended Bitcoin ETF application.




>>> https://twitter.com/BTC_Archive/status/1742170217139102196?t=jkr8Y9kuo9uAvMhlKbBl_Q&s=19

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Spirit of Satoshi released their first annual Bitcoin and AI Industry Report.

>>> https://bitcoinmagazine.com/markets/spirit-of-satoshi-releases-its-first-annual-bitcoin-and-ai-industry-report

Explanation
Chartbuddy thanks talkimg.com

I like your posts very much. Many hours of images can be viewed together, which is definitely a good thing for me.

BlackRock will buy $10,000,000 worth of BTCBitcoin    tomorrow!



source
It going to blast. soon. 2024 will bring hyper happyness.

HoDL baby it's only $45k.. Something is going to heppend extra odrnary in 2024 Fuck 2024 is going to make crazy.. It seems like Bitcoin going to ♾️ in 2024.

How to see in the monitor??? $45K in wall ?? next $46K soon???

Happy New Year everyone, I wish you all a healthy and wealthy year ahead.

Starting this year on Forums by making AI art for you all.

This one is for ChartBuddy.

Explanation
Chartbuddy thanks talkimg.com

Welcome to back 'WO' Dud.