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

[sujonali1819]

Price is going up nicely now over $8200.
Why the sudden burst up in the btc price any news which broke now since 12 hours ago where it stood at $7900?

Just reached the support level on the 4-hour chart and trying to move up a little bit. And if it will touch the 8400 levels and will be crossed completely then we can see $9000 very quickly.

[mindrust]

You guys know what's next after (if) we take back 200DMA, do you?  

[xhomerx10]

indeed, my 15k hat feels so uncomfortable... I feel like changing it at times but I'm afraid it will capitulate the price to new lows, so I'm taking one for the team.

 Thank you d_eddie!  We appreciate your hard work and dedication.  Stay focused.   

[JayJuanGee]

You guys know what's next after (if) we take back 200DMA, do you?  

No.

[xhomerx10]

You guys know what's next after (if) we take back 200DMA, do you?  

 Golden cross!

edit: ?

 ?

[bkbirge]

You guys know what's next after (if) we take back 200DMA, do you?  

Whisky sours?

[JayJuanGee]

You guys know what's next after (if) we take back 200DMA, do you?  

No.

Sad. I guess I'll keep it to myself.

Yeah.  You can tell us, after "it" happens, then for sure you would have been correct.   

[BitcoinGirl.Club]

Good morning!
I guess we are moving now. Observing at $ 8,242

[Icygreen]

Whelp, vodka # 6

Drinking on a monday morning?  

Technically yes but only the wee hours, and now just waking up from a Wodka slumber, Polish pronunciation
Checks price to see how much value that drunken but heartfelt trade has cost me.    looks at bottle of frosty Wodka again,     Just you and me baby!



 

[bkbirge]

Part of an article where a fund manager is going over his yearly gains, he is thinking stocks may already be in a bear market...
https://seekingalpha.com/article/4295434-s-and-p-500-calm-storm

Now, we have accumulated a sizable Bitcoin and digital asset position, which may seem excessive to some people. However, this is the future of currency, and digital store of value. I view Bitcoin and other systemically important coins as enterprises and not just currency/payment systems.

[d_eddie]

indeed, my 15k hat feels so uncomfortable... I feel like changing it at times but I'm afraid it will capitulate the price to new lows, so I'm taking one for the team.

 Thank you d_eddie!  We appreciate your hard work and dedication.  Stay focused.   

I don't want to get lovey-dovey... but thank you for the fancy hats! I can't wait to see how hard it will be to fit 6 digits in there.  

[xhomerx10]

Whelp, vodka # 6

Drinking on a monday morning?  

Technically yes but only the wee hours, and now just waking up from a Wodka slumber, Polish pronunciation
Checks price to see how much value that drunken but heartfelt trade has cost me.    looks at bottle of frosty Wodka again,     Just you and me baby!

 Oooh so frosty!  Nice.

[d_eddie]

By the way, what's with the strange 1.14 l format?

[xhomerx10]

indeed, my 15k hat feels so uncomfortable... I feel like changing it at times but I'm afraid it will capitulate the price to new lows, so I'm taking one for the team.

 Thank you d_eddie!  We appreciate your hard work and dedication.  Stay focused.   

I don't want to get lovey-dovey... but thank you for the fancy hats! I can't wait to see how hard it will be to fit 6 digits in there.  

 Understood. 


 Still waiting for my brain to come up with a concept for the 20k hat.  Stupid brain!

[BitcoinGirl.Club]

mhmm

A summary please 🤪

[becoin]

Who sold at the bottom?

[BitcoinGirl.Club]

Who sold at the bottom?

Roach 🤪

[Gyrsur]

Who sold at the bottom?

d_eddie because of "trading with a hedge"?  

EDIT: btw, I have a 0.2 BTC open short in my books but just in DEMO account. waiting for d_eddie to get the sign if I can close it.  

[Icygreen]

By the way, what's with the strange 1.14 l format?

Half Gallon (aka Handle 1.75 L seemed like too much of a commitment at the time. Variety is key to long lasting happiness.
Except for the corn, there is only 1.

[HairyMaclairy]

*incoherent ranting*

Yes.  About a year and a half ago, pretty much Hairy admitted that he was relying on fractal comparisons, and surely I have been vocally critical of such fractal comparison reliances, even though they have largely been playing out - with, of course, some upwards deviation with our 3.5x outburst from April 1 to end of June, and currently what appears to be a return to the mean of the fractal... So whatever the fuck lack of comparison seems to still be working out in a very comparable way.


So, maybe there has never been such a system in the world, but who fucking cares?  It still has worked out quite well in bitcoin for a lot of us BTC HODLers and accumulators to be continuing to become richie and to increase our richness through the fact that BTC prices continue to go up in the longer term.. just like the silly fucking ass fractal comparisons seem to suggest.  Go figure?  

Now you roach, on the other hand, have had some mediocre gold price appreciation during this calendar year (which has gotten you all excited, and even a bit more cocky than usual), and maybe you should be taking advantage of that mediocre gold price appreciation and getting into a real future asset.. ie bitcoin?  dumb ass.

There is no TA comparison in legacy financial markets because there is no comparable asset in legacy financial markets.

There is no financial instrument with fixed supply to be paid out over a century where the rate of supply halves every four years as regular as the Olympics.  It is this regular drum beat that causes us to pound out the same patterns.  Yes the drum beat will get weaker over time as inflation falls away, but it is strong now and will remain strong through this halvening and likely the next.

I have spoken to investment bankers at Goldman Sachs and JP Morgan who do TA on Bitcoin and in their arrogance they have never heard of the halvening.   So they can’t plan for it and they can’t front run it.   Even among retail investors, most of whom are focused on chasing shitcoins, they have no understanding of how the entire market is run by the drum beat of Daddy Bitcoin.

We sit in a privileged position because we live and breathe this every day.  But don’t make the mistake of extrapolating our knowledge and experience to the broader market.