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

[Last of the V8s]

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[1702185665]

1702185665

[1702185665]

1702185665

[1702185665]

1702185665

[Gyrsur]

https://www.youtube.com/watch?v=NuXItw9wliI

good video (the part about Tesla)! 

[LFC_Bitcoin]

@leb_crypto
Cup&Handle (purple) within a bigger potential Cup&Handle (blue).

$12.1k potential target before the halving event in May.



https://twitter.com/leb_crypto/status/1223183644006678528?s=21

[FullNode]

To use bitcoin as a peer-to-peer money, you need to become a peer yourself on the network and verify with a full node.

Without one, you're trusting someone else to use bitcoin for you.

https://twitter.com/Rhythmtrader/status/1223043398204108801
 

[gentlemand]

Good morning and good luck to all WO friends in the UK, it will be interesting to read your comments in the coming days.

Is anything special happening?

I bought Ode to Joy, the EU anthem, to make sure it's number one in the music charts on B word day. The rival is named '17 million Fuck Offs' which is a wonderful summary of the attitudes stirred up.

[El duderino_]

via Imgflip Meme Generator

For you unknowing

[exstasie]

This one is for you bears who are still hoping to buy back in.

The Fear & Greed index is finally registering "greed" for the first time in a long time. Bitfinex longs are also up almost 18% over the last week. As a contrarian, this supports my feeling that we're nearing a local top.

I also wait a pullback in the 10k area. The question is how big do you think will be. I think it could be just a small one and going fast to 10500-10600 or a moderate one to 9k-9,2k or 8,8k at much. There are a fucking lot of buying orders at 9,2 and 9, and in case going lower which I doubt, 8,8k is very strong again.

An strong pullback to like 8k or so seems very unlikely to me.

$8K would just be a 50% pullback from here. Very normal in the early stages of a bull market. Look at the corrections in June-August 2016, January 2017, March 2017. These were deep 62%+ retracements of the previous wave. And that was in the throws of a bull market, so it wouldn't be out of the ordinary.

I think the low $8,000s where the 20-week MA is may end up being a great target zone. This is one scenario I'm preparing for:

A 50-62% retracement would be typical, although it doesn't need to go that deep.

[nutildah]

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We may be an oligarchy but at least we don't believe in queens, barons, and knights. Do you also believe in dragons?

[Last of the V8s]

How very dare you https://www.youtube.com/watch?v=9do5DWA_hnI

[LFC_Bitcoin]

@sk_y77
Only once got the S&P500 ahead of #BTC. This was in 2015/16 accumulation time. It's looking toppy now for stocks. Last time #BITCOIN reclaimed the lead we went to a new ATH

https://twitter.com/sk_yy7/status/1223215323429601281?s=21

[LFC_Bitcoin]

@JackSciarr


.   *    *   .🌙  *   .  *  ☄️.
  * .  🌍  *    .    *   💫  *   
 .  * .    *  .  * .    *  .  * .    *
. * Do you even Bitcoin? * .
 .  * .    *  .  * .    *  .  * .    *
  👨‍🚀  . *   ✨  .  *  .  *  .  *
     *  🚀  .   *   .  *   🌕 .


https://twitter.com/jacksciarr/status/1223214346005893120?s=21

[Globb0]

  /  

We may be an oligarchy but at least we don't believe in queens, barons, and knights. Do you also believe in dragons?

You worship Baron Greenback

[gentlemand]

We may be an oligarchy but at least we don't believe in queens, barons, and knights. Do you also believe in dragons?

This is the ballot sheet of my local council election.



Problem with that?

[Gyrsur]

We may be an oligarchy but at least we don't believe in queens, barons, and knights. Do you also believe in dragons?

This is the ballot sheet of my local council election.



Problem with that?

VForstleiter - Orc

Der Scheiß Kopf - Trickster

 

[Gyrsur]

it could be profit taking after the top ($9570) of professional players before the weekend.


(*) Bitstamp data timeframe 1h

[dragonvslinux]

@leb_crypto
Cup&Handle (purple) within a bigger potential Cup&Handle (blue).

$12.1k potential target before the halving event in May.



https://twitter.com/leb_crypto/status/1223183644006678528?s=21

Interesting perspective, I've seen an alternative version of a confirmed cup & handle pattern targeting $11,675, but the above chart is starting to look more relevant:



https://twitter.com/Sawcruhteez/status/1222309552475058176

That said, I don't like the fact that they result in bullish movements only 60% of the time, it's a bit too close to flipping a coin for me. I don't know what the probability is of reaching the target, but I'm assuming it's can't be much more than 50-55% if the pattern confirmation is only 60% reliable.

[HI-TEC99]

Good morning and good luck to all WO friends in the UK, it will be interesting to read your comments in the coming days.

Is anything special happening?

I bought Ode to Joy, the EU anthem, to make sure it's number one in the music charts on B word day. The rival is named '17 million Fuck Offs' which is a wonderful summary of the attitudes stirred up.

That won't surprise the French, who apparently refer to the English as les fuck offs.

[LUCKMCFLY]

The correlation efficiency between Bitcoin and Gold in this 2020 has been recorded as a maximum compared to the last 4 years.

According to Alex Kruger saw this growth:

“Bitcoin is in the process of becoming a macro asset as the market matures. In the meantime bitcoin is also a hedge against the TAIL-RISK of fiat systems collapsing, i.e. a put option on central banks without expiry.”

Twitter: https://twitter.com/krugermacro/status/1222024287240048645

Source: https://www.newsbtc.com/2020/01/31/bitcoin-actually-declines-off-of-political-uncertainty-bombshell-study-finds/

[jojo69]

2 girls 1 cup-n-handle

[Phil_S]

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