Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 425. (Read 26496512 times)

Germany selling - ETFs buying.

B-B-B-BUDDY-BLOCKER!!!

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Yeah, but so what?  there are always going to be such folks, and there are probably better ways to proclaim that you are on the right side and you are not getting fooled rather than to emphasize that there are a lot of scared people out there, which I really doubt that to be the case, and this whole dump still remains a BIG SO What?

Yeah, we got down to $54,296 so far from our high of $73,794 in mid-March 2024, so it could be argued that we have reached nearly a 26.5% correction from the March 2024 top, and surely that can be frustrating to some folks and also frustrating for anyone getting into bitcoin within the last 6 months or so and who might have had been expecting BTC prices to go up rather than down and/or sideways, but what else is new?  There are even longer term bitcoin holders who get impatient with the failure to go up, so they likely even get more frustrated with sideways and worse yet downity prices... and again, so what?

Personally, I have some difficulties getting too excited about your point and any inference that you might want to make that you are on the right side since you had not sold.. if that is the point that you might be wanting to make, but you did not really say anything about yourself.. (when guys in this thread don't even know who you are), so instead you want to point at the various losers out there who are not able to hang onto their coins, which surely those kinds of folks likely exist, but I am having troubles considering them to be a very large group right now and also trouble relating to any point in which you are wanting suggest that OGs are less likely to fall for whatever downward that we have gotten so far as compared to some newbies, but still a BIG generalization, since even OG's will sometimes get impatient and do things that seem to be weird in terms of selling some of their coins. and they might want to lock in their profits, so yeah, sometimes the various FUD might work to shake out some longer time HODLers too... to the extent that any of this discussion is even very helpful in terms of understanding where we are at and where we might be going and/or if most of us have been buying this dip or just waiting it out or what.. I hate to overly generalize regarding what everyone is doing in regards to their BTC accumulation or their stack maintenance or wherever they might be in regards to these BTC holding matters.

Personally, I buy on the way down and sell on the way up, so largely I had been buying since the more recent high of $71,958 at the end of May, and maybe I had a few sells on the way back up and then continuing to buy, so the way that my buys are currently structured, I am buying more than I am selling even within each increment.. but whatever, I have my own strategy structured on longer term maintenance.. and largely reaching my accumulation goals prior to the 2017 price run.. but still I guess I am still playing around with maintenance and even mostly finding balances that are largely comfortable for my own finances and psychology... which surely differs from any of the more recent BTC accumulators, including anyone who might not have even gotten through a whole BTC cycle, yet...which largely I suggest for anyone in bitcoin for less than a whole cycle to be mostly focused on accumulation, unless they had been able to front-load their investment and accumulate enough or more than enough BTC for their circumstances to change them to a different approach to their BTC.

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following announcements by his candidate, this is a positive event for future action:

https://nitter.poast.org/WatcherGuru/status/1810384049543795137#m

JUST IN: 🇺🇸 Republican National Committee approves draft of party platform to defend the right to mine and self-custody #Bitcoin

Sure, you could be correct, yet the mere existence of candles in either direction does not tell any of us who are the buyers and who are the sellers of those coins, and of course, whenever the BTC price drops there tends to be a large amount of coins that are dumped at one time in order to get the momentum going, which tends to tell me that some individual entity or person might be dumping and trying to get others to follow rather than the sales being organic or grass roots, but it does not necessarily mean that others had ended up following in the sales, especially if the BTC price does not necessarily stay down after the dumping period.  

It seems to me that you need to explain better in regards to how you might know that scared people are selling their BTC rather than just ongoing attempts that BIGGER players might engage in to try to get normies to sell their cornz, in the event that you believe that you have some kind of convincing evidence that such a thing is even happing.

Of course, we might go back to the beginning of July too and describe the drop from $63,794 (July 1) until our current price of $56,700-ish and we might attempt to explain who is selling from then too.. or maybe you want to say that the selling that took place between around July 1 and the low on July 4/5 $53,550 was the evidence of the "scared" folks selling during that period of time that shows who were then selling?  or are you referring to something else?  

Maybe you can specify the dates of the German's moving the coins to the extent that any of us care, and the supposed BTC price drop that took place?  You don't have to show the actual chart if you are able to explain it, and then try to figure out who was selling their cornz and if whatever BTC selling that took place during the purported relevant time even matters, and probably it will especially end up not mattering too much if the BTC price recovers from here (or would it?).. yet on the other hand, if the BTC price dumps further from our current mid $56k-ish, then maybe that could matter in terms of what might have had sparked the dump, but then the supposed scared ones who were supposedly dumping out of fear would then end up being both correct and potentially able to buy back their cornz at lower prices, and that would not work out very well for the ones manipulating the BTC price dow, would it? unless maybe we were to get to some even greater lower prices that might get within 25% of the 200-WMA, which the 200-WMA is currently in the ballpark of $36,666.66.. so yeah if we start to get with 25% of that, then that would be in the ballpark of $46k.. so maybe that would be lower than many of us expect to happen, but still not sure if that would be the end of the world, just merely further opportunities to buy, and I doubt that we would be knocked out of our current bull market, depending on how low the BTC prices might end up going and how long they might stay down at those seemingly lower than current prices, that is if any of such further corrections were to happen.

As I write this, I am starting to feel like I am in the midst of mostly a meaningless conversation about supposed BTC price moves that likely do not matter too much (in other words we are talking about BTC price moves that may well be in the ballpark of ants.. in other words, noise).

Yes.. I agree that there might be some coordinated selling and BIG announcements that are trying to scare some BTC HODLers (or weak hands) into selling their coins, yet you seem to be largely just blanketly accepting that the efforts of the German beartwats and/or any other coordinated efforts have been successful, and to me it seems a wee bit too early for those kinds of assumptions, but maybe you are just in the business of propagating these kinds of stories that your handlers want you to spout out about without any meaningful evidence beyond your spinning the matter and repeating what other propagandists are proclaiming to be happening.

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What is your evidence for your proposition?  Sure the price dropped a bit, but still how can you determine who is selling and who is buying?

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What do you mean by new week?  Are you talking about from the close of last week's candle (midnight UTC) until the close of this week's candle?

I am thinking that we could bounce back into at least the lower $60ks within this week's candle, but then what do I know?

It is past my pay grade to be attempting to predict BTC price dynamics on such seemingly short-term time intervals, since in terms of the short-term, I largely error on the side of 50/50, and since we had temporarily bounced into areas that might be on the border of "don't wake me up zone" and/or "no man's land" (which I considered to tentatively start at around $55k), these latest BTC price dynamics of the last week or so, have causes me to almost get woken up even though surely the exact starting point price point of such zone/territory/range cannot really be exactly pinpointed, so we have to kind of go with the flow in regards to trying to pinpoint these kinds of matters that might not be as much knowable in advance as they might be theorized to exist when analyzing after the fact, though surely we still could consider that we are towards the bottom of such zone and whether we have actually broken through it or adequately tested it out or whatever situation that could cause us to continue to go down rather than sideways or up, that might be another story in regards to the extent to which we might be oversold and not able to sustain such additional downity.. or questions about whether buy support is strong enough to stop the BTC price from continuing to drop from here?  I don't claim to know. 

In any event when we are in a bull market, which I think that we should not be able to deny being in such a place, then maybe the most that I could do is perhaps downgrade my expectations and anticipations of up from 55% and put such expectations/anticipations down to 52.5%, yet I am not sure if I am inclined to bargain lower than that, in terms of my own short term expectations/anticipations... to the extent that short-term even matters very much except if we might get knocked out of the bull market or knocked out of don't wake me up (no man's land), so there could be two things going on in terms of both being in a bull market and "the trend is your friend," and so sometimes the trend may no longer be sustainable, yet are we referring to long term trend or short term trend and does it really matter?   and surely I cannot see that the seemingly short-term trend down is stronger than the seemingly longer term trend up, yet at the same time, who knows? 

The market can remain irrational longer than any of us normies can remain solvent.. to the extent that any of us longer-term bitcoiners might be labeled as normies.. some of us longer term bitcoiners are quirks in and of our lil selfies.. #justsaying.

LOL, their keys were on the Bismark!

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Maybe they were afraid of one of those annoying boating accidents.

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