Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by danadc (1)
I'll never get tired of watching our bags pump almost every single day.
I tend to start to get nervous, especially if the pump keeps happening.
I start to wonder if there might be something that I need to do differently.
Ongoing UPpity causes me to start to question myself.
Admittedly, we are not very far into this one, yet.
I might start to get nervous around $180k and higher, even though that is not even close to the 2017 pumpening, in terms of percentages... but it would start to hit upon 12x from our November 2022 bottom.
For some reason, $200k looks so high in that particular chart.
I am like this today lol
Sometimes it takes a bit of time to see if we are going to have significant movement, and so it is starting to look like we are... which is a good place to be, since we have not had a lot of upward movement since about January 20.. .. but yeah, now the break out above $112k seems to have gotten into better (more Uppity momentum) territories...especially as I type this post 10 hours after your earlier post.. but yeat as we are breaking above $118.4k. I have built a very comfortable financial situation with my bitcoin holdings. I have been selling some of my stash above 100k, according to JJG withdrawal strategy (https://bitcoindata.science/withdrawal-strategy) I am using like 50% of the advance months.
But I am considering selling more than the recommended 5 months in advance.
The big question is: How far can we go?
Of course with that tool, I provided ball-parked ideas about being able to withdraw extra allowances during months that the BTC price is in areas that are historically higher levels, which historically we have seen the BTC price get to even higher than the 14x (or the 1,400%) higher than the 200-WMA..
And of course, right now, we are ONLY in the ballpark of 136% higher than the 200-WMA, so yeah each stage of getting higher can bring further excitement yet further authorizations to sell higher quantities, or more months of allowance in advance.
I frequently fear guys selling too much too soon or even using the tool to trade, since they might not yet be at their overaccumulation status, yet sure guys can do what they like, and even the tool could help someone to panic less than he might have had done under circumstances of not having the tool to keep him in some acceptable level of self-imposed moderation (since each guy can customize the withdrawal rates to their own psychological preferences).