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

[shmadz]

beauty.

[1715218680]

1715218680

[Raystonn]

We have a new 3-day low.  That's not so bullish.  Unfortunate.

Im not sure what you mean by that, yesterday we visited 486 on stamp, not seen that again. BTC china is in a contracting range/wedge. The bullrun is losing momentum but the bias is not bearish.

You answered yourself with your last sentence.  If we can make a new 3-day low once, we can make it again pretty easily.  The next major line of support is at 472.50.  If we breach that we're in bear territory, with the next major supports at 454, 400, and 355.50.  If we bounce off 472.50 and break above 515, that would be a pretty good bull sign.

Between 472.50 and 515 is no-man's land.  We float with no conviction in either direction.

We edge closer and closer to 472.50.  I expect to find some support there.  If we break through, we will head down quickly and finally reach capitulation.  If we remain above 472.50, I expect more boring drift.

We have breached 472.50.  If we continue lower, the next major supports are at 454, 400, and 355.50.

[wachtwoord]

Someone please tell me there are no new "deadlines" this time. I don't think i can handle that shit again.

The deadlines are the worst!

There are deadlines again.

[seleme]

Going to bed 

[JorgeStolfi]

Someone please tell me there are no new "deadlines" this time. I don't think i can handle that shit again.

There is a May 10th deadline:

某大型商业银行人士也向记者证实了央行的上述要求，并指出，在派员参加约谈之前，该行已经进行了全面排查，确认自身没有违规问题，但从约谈后央行提 供的帐户信息看，该银行有多个地区的分行违规开立了帐户。“违规的情况令人震惊，央行掌握的帐户信息比我们自己还清楚，央行的决心也比我们预想的要大得 多。”该人士表示。

Central bank asked all commercial banks and third-party payment agencies before May 10 , " Beijing Bitcoin International Summit" held to convey to the public that it no longer provides financial services to any Bitcoin transaction attitudes guide people away from Bitcoin transactions.

[billyjoeallen]

So, March again. You guys didn't really fall for the same thing 2 months in a row, did you?

[ShroomsKit]

Someone please tell me there are no new "deadlines" this time. I don't think i can handle that shit again.

The deadlines are the worst!

There are deadlines again.

No no no, not that shit again

[dannyspk]

I think we'll be testing 450's again. This is pretty much where it should end.

I dont think 450 is strong enough to hold this back. fundamentally, and technically. next stop is likely 400, that will give a good fight. much more price history there, and a fib retracement of the impulsive wave.

Technically ~420 is where the real fight is. If it goes below that, I don't think we're over the bear market after all..

[windjc]

Not to tell you I told you so.

But I told you so.

When there isn't fresh fiat the market makes up bad news to give itself the excuse to sell off.

This will continue until fresh fiat arrives.

[seleme]

News on Caixin now.

[giletto]

So, March again. You guys didn't really fall for the same thing 2 months in a row, did you?

March =/= May. And what is the problem? Let the nervous chinese sale, later will never reach the prices again same as now.

[Raystonn]

Not to tell you I told you so.

But I told you so.

When there isn't fresh fiat the market makes up bad news to give itself the excuse to sell off.

This will continue until fresh fiat arrives.

The weak link for Bitcoin is buying in with fiat.  Governments can currently block that.  We need a solution.

[dannyspk]

We have a new 3-day low.  That's not so bullish.  Unfortunate.

Im not sure what you mean by that, yesterday we visited 486 on stamp, not seen that again. BTC china is in a contracting range/wedge. The bullrun is losing momentum but the bias is not bearish.

You answered yourself with your last sentence.  If we can make a new 3-day low once, we can make it again pretty easily.  The next major line of support is at 472.50.  If we breach that we're in bear territory, with the next major supports at 454, 400, and 355.50.  If we bounce off 472.50 and break above 515, that would be a pretty good bull sign.

Between 472.50 and 515 is no-man's land.  We float with no conviction in either direction.

We edge closer and closer to 472.50.  I expect to find some support there.  If we break through, we will head down quickly and finally reach capitulation.  If we remain above 472.50, I expect more boring drift.

We have breached 472.50.  If we continue lower, the next major supports are at 454, 400, and 355.50.

And gentleman, here we go below 470. I really hope $454 holds strong like a storm.

[ShroomsKit]

Somewhere in China there is a group of people rolling on the floor right now. Completely laughing their asses off. With tears in their eyes yelling "it worked again! My god, these people are dumb!"

[chessnut]

Not to tell you I told you so.

But I told you so.

When there isn't fresh fiat the market makes up bad news to give itself the excuse to sell off.

This will continue until fresh fiat arrives.

The weak link for Bitcoin is buying in with fiat.  Governments can currently block that.  We need a solution.

eventually we will we paid with it for work or commodities.

[windjc]

We have a new 3-day low.  That's not so bullish.  Unfortunate.

Im not sure what you mean by that, yesterday we visited 486 on stamp, not seen that again. BTC china is in a contracting range/wedge. The bullrun is losing momentum but the bias is not bearish.

You answered yourself with your last sentence.  If we can make a new 3-day low once, we can make it again pretty easily.  The next major line of support is at 472.50.  If we breach that we're in bear territory, with the next major supports at 454, 400, and 355.50.  If we bounce off 472.50 and break above 515, that would be a pretty good bull sign.

Between 472.50 and 515 is no-man's land.  We float with no conviction in either direction.

We edge closer and closer to 472.50.  I expect to find some support there.  If we break through, we will head down quickly and finally reach capitulation.  If we remain above 472.50, I expect more boring drift.

We have breached 472.50.  If we continue lower, the next major supports are at 454, 400, and 355.50.

And gentleman, here we go below 470. I really hope $454 holds strong like a storm.

Chessnut is in denial.

I told you Chessnut. I told you.

[Bitcoin_is_here_to_stay]

2884 - previous low - passed on huobi without any resistance

[windjc]

F***ing bloodbath.

[Bitcoin_is_here_to_stay]

Not to tell you I told you so.

But I told you so.

When there isn't fresh fiat the market makes up bad news to give itself the excuse to sell off.

This will continue until fresh fiat arrives.

This

[chessnut]

Chessnut is in denial.

I told you Chessnut. I told you.

says the guy who bought at 475 then sold at 500. lol im not in denial Im short from 485.

you didn't tell me that Alipay would ban it, and that cash deposits would stop. you just chanted there was not enough fresh fiat or some rubbish like that.