Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 2224. (Read 26609755 times)
March 14, 2023, 08:13:28 AM
+17% in 24 hours ---- we're headed to $27k guys, buckle up
March 14, 2023, 08:05:46 AM
Goo
March 14, 2023, 08:02:51 AM
We're back boys! 
March 14, 2023, 08:01:16 AM
March 14, 2023, 08:00:31 AM
Time for another weather-based analysis, given the accruacy of the previous one 
(At $22.4K I was considering the cold snap to drop prices until March 10th. The low was on March 10th, this was when the weather started to warm up)
The bear market will officially end on March 20th. Whether that be breaking through $30K, or re-testing $25K in order to turn it into support.
Until then, a slight pull-back tomorrow followed by upside continuation until the following.
March 19th (last day of bear): small pull-back
March 20th (end of bear): strong continuation
March 21st (first day of bull): consolidation
Will keep an eye on weather and make any updates if needed (forecasts can change).
Don't take me too seriously!
(At $22.4K I was considering the cold snap to drop prices until March 10th. The low was on March 10th, this was when the weather started to warm up)
Realty is, winter isn't over yet. Here in Western Europe there is a cold snap coming until March 10th, then it's expected to get a lot warmer with winter officially ending on the 20th.
Spring prices are coming soon, but first, we have to strap in for realities. I think Bitcoin will snap back quickly once the cold temperatures pass. That's my weather based prediction for now.
Spring prices are coming soon, but first, we have to strap in for realities. I think Bitcoin will snap back quickly once the cold temperatures pass. That's my weather based prediction for now.
The bear market will officially end on March 20th. Whether that be breaking through $30K, or re-testing $25K in order to turn it into support.
Until then, a slight pull-back tomorrow followed by upside continuation until the following.
March 19th (last day of bear): small pull-back
March 20th (end of bear): strong continuation
March 21st (first day of bull): consolidation
Will keep an eye on weather and make any updates if needed (forecasts can change).
Don't take me too seriously!
March 14, 2023, 07:58:13 AM
We reached 32,000th page on Wall Observer.
March 14, 2023, 07:55:50 AM
26k looks nice to me.
Do we go more more more up up and away dare I say it ? to the moon and beyond!
Do we go more more more up up and away dare I say it ? to the moon and beyond!
March 14, 2023, 07:55:20 AM
We'll never ever see sub $20k again.
The train has left the station.
The train has left the station.
March 14, 2023, 07:54:53 AM
$26K
March 14, 2023, 07:54:30 AM
Go go go
March 14, 2023, 07:52:04 AM
CCMF!
Ibserving 25,572@Stamp!
Next stop: Page Parity.
Destination: Post Parity
Ibserving 25,572@Stamp!
Next stop: Page Parity.
Destination: Post Parity
March 14, 2023, 07:49:48 AM
$36k real soon. I love how BTC broke the trendline and retested twice.
In hindsight, everything about the most recent pull-back was text-book TA. Easy to say in hindsight I know, but I was always eyeing up $19K to $20K as a support zone, as were many others.
Wasn't just turning previous trendline resistance into support either. Price came back to re-test 200 DMA at $19.7K after golden cross last month. Many forgot that this golden cross even happened, but for any patient investor wanting to try and buy into a trend reversal based on moving averages, that was basically it. Then we saw price immediately continue to the upside...
I guess the SVB situation accelerated the process to some degree, but bouncing back from $20K was always looking likely based on numerous indicators suggesting the trend had already reversed.
Not just to wait for some decent volume... closing above $25K today will be uber bullish imo.
March 14, 2023, 07:48:30 AM
March 14, 2023, 07:43:00 AM
New yearly high: $25,550. Now to see if the bears can do anything about that as they haven't had a lot of luck in recent days! Gut feeling* tells me that this isn't the break-out yet after moving from $20K to $25K within only a few days, as price remains quite overbought on short-term time-frames. But otherwise Daily time-frame isn't even overbought yet while Weekly is only just flirting with being bullish let alone overbought.
Also loving how bullish the Monthly time-frame looks right now, as well as the Weekly above 50 WMA. If price does break out above $25K then won't be surprised to see $30K this week that's for sure.
Now realising that price isn't even that overbought on short-term time-frame like 4hr. Can certainly go higher and remain overbought for numerous days like back in January.
*Generally speaking, it's best to ignore my gut feeling in these scenarios
Also loving how bullish the Monthly time-frame looks right now, as well as the Weekly above 50 WMA. If price does break out above $25K then won't be surprised to see $30K this week that's for sure.
Now realising that price isn't even that overbought on short-term time-frame like 4hr. Can certainly go higher and remain overbought for numerous days like back in January.
*Generally speaking, it's best to ignore my gut feeling in these scenarios
March 14, 2023, 07:39:42 AM
$36k real soon. I love how BTC broke the trendline and retested twice.
March 14, 2023, 07:35:33 AM
March 14, 2023, 07:33:45 AM
Quote
Remember when Bitcoin was a joke?
Now they're saying it's a threat to the banking system.
https://twitter.com/lopp/status/1635425112773074948 Now they're saying it's a threat to the banking system.
March 14, 2023, 07:10:17 AM
March 14, 2023, 07:01:20 AM
March 14, 2023, 06:01:16 AM
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