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

[Paashaas]

Healthy indicators that Bitcoin is going to pump, but the question is when.

               
https://twitter.com/misconfig_exe/status/1405252683431178240                 https://twitter.com/crypto_birb/status/1404844613677076495

 

[1714056458]

1714056458

[1714056458]

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[cAPSLOCK]

5. Satellite
I am not sure how they plan to monetize this.  But it's just damn cool that you can be in any remote place on most of earth and get the blockchain live.  Cypherpunk af.

The satellite thing is complete nonsense and even if there were nothing else to be concerned about, any serious contemplation of this implementation should cause a few askance glances at Blockstream. It's a one-way communication with no way to retrieve earlier blocks than the one currently being transmitted and if you have a communication error, the chain is broken. It's been running for years (if, indeed, it is still running) and I've not heard of one real world use of it. Meanwhile, the third world has been heavily adopting cell technology. Besides which, we're all supposed to be using second-layer technologies, right?

I see your point, and have also wondered about the one sided nature of it.  At the same time I am aware sattelite is used well especially in asymmetric data exchanges where what you download is greater than what you broadcast.  You can broadcast a transaction with a small amount of data, on maybe a cell phone network, but recieve the big data from the "bird".  AND it can allow a connection to the blockchain in remote places.

[ChartBuddy]

Explanation

[JimboToronto]

Good morning Bitcoinland.

Back down under $40k... currently $38540USD/$47557CAS (Bitcoinaverage).

Ho hum.
___

Just noticed we made it to page 29000.

That's annoying.
But Imagine if there would be CB, proudhon et al. only!
 

What's really annoying is pages of whiners bitching about Chartbuddy.

[cAPSLOCK]

Page 29000.  Kinda cool.

Oh, and Elwar:  https://www.coindesk.com/panama-to-present-crypto-related-bill-in-july

Wild ass times.

[ImThour]

Hey my  future kids,

Your dad is on Page #29000 of the best documentary archival post on this forum.

Much love.

[Dabs]

5. Satellite
I am not sure how they plan to monetize this.  But it's just damn cool that you can be in any remote place on most of earth and get the blockchain live.  Cypherpunk af.

The satellite thing is complete nonsense and even if there were nothing else to be concerned about, any serious contemplation of this implementation should cause a few askance glances at Blockstream. It's a one-way communication with no way to retrieve earlier blocks than the one currently being transmitted and if you have a communication error, the chain is broken. It's been running for years (if, indeed, it is still running) and I've not heard of one real world use of it. Meanwhile, the third world has been heavily adopting cell technology. Besides which, we're all supposed to be using second-layer technologies, right?

I see your point, and have also wondered about the one sided nature of it.  At the same time I am aware sattelite is used well especially in asymmetric data exchanges where what you download is greater than what you broadcast.  You can broadcast a transaction with a small amount of data, on maybe a cell phone network, but recieve the big data from the "bird".  AND it can allow a connection to the blockchain in remote places.

I guess it's better than nothing when you are in the middle of nowhere. At the very least, it would make it a little bit easier to keep an updated node on your end. Not perfect, but not entirely useless.

[lightfoot]

Yeah, if CB is annoying you just ignore it. Easy enough.

(And hi to future generations. Yes, KNC titans are still fucking profitable which is a wonder of the world)

[Parazyd]

Just wanna be part of page 29000

[shahzadafzal]

Just wanna be part of page 29000

How to be part of it?

[crypt0jack]

Healthy indicators that Bitcoin is going to pump, but the question is when.

https://i.imgur.com/RFbcH1b.png               [img height=400]https[Suspicious link removed]/status/1405252683431178240                 https://twitter.com/crypto_birb/status/1404844613677076495

I would highly recommend you guys DYOR and not refer to the cheerleaders who literally run paid groups & bank on generating hype.  Also Birb publicly called me out when I called top at ~$58k so maybe I just dislike the guy on principal.  

FWIW, there's a non zero chance we see lows between $10k and $15k (should the downtrend resume).  Yes that sucks, but that's what the charts are telling anyone who knows what they're looking at.  We have just completed wyckoff distribution and are at a pivotal point now.  Distribution actually has measured target moves, 2 in this situation: Around ~$30k and another much lower.  It all comes down to the market and if enough *new* money is there to turn the downtrend around and send it north again.  Said another way, there are 2 scenarios I'm observing.  Scenario 1: $30k was the bottom and all is well.  Scenario 2: $30k wasn't enough and the downtrend continues painfully.  Think 2018 bear market pain.  

My intention is not to cause pain or bring FUD, it's just to lay things out as black-and-white as I can based on TA only.  I don't use any fundamentals/news in my analysis.

Quick edit to add: Price is still below the 20 week moving average which historically been the "gg" signal, where the game changes more to "sell the pump" rather than "buy the dip" until an extended period of consolidation occurs.  Talking months, not weeks.  If price is able to reclaim the 20 week EMA (now around $42k), then we're good.  Until then, be cautious and for god sake limit your margin.  There is no bullish trend currently, regardless of what Crypto Twitter tells you.

[goldkingcoiner]

I have nothing to say. Except woooo! Page 29000!

[El duderino_]

https://cointelegraph.com/news/millionaire-whales-gobble-up-90-000-bitcoin-over-past-25-days?fbclid=IwAR1oU25U-N6LS4mblteedUZSrAsx02USMOlDRYChmIGTyTEq2WUa7DSvQRo

There was a time we where screaming for page parity…. Those times where only few months back….

Now we never want page parity again 

[AlcoHoDL]

https://cointelegraph.com/news/millionaire-whales-gobble-up-90-000-bitcoin-over-past-25-days?fbclid=IwAR1oU25U-N6LS4mblteedUZSrAsx02USMOlDRYChmIGTyTEq2WUa7DSvQRo

There was a time we where screaming for page parity…. Those times where only few months back….

Now we never want page parity again 

Next target: Post Parity!

[Arriemoller]

12 Chartbuddy posts on page 28994, this is just what I feared, pages with nothing but chartbuddy.

would have been more I posted at least one time to stop the 3 in a row.

I noticed, good work.

[Arriemoller]

OK Guys, That's just CrEePy!!!

That's Wednesday!

Next you're gonna be talking about doing It! Ewww!

Whatever, looks highly bangable to me.

Wow! Tough crowd!

I throw out 3 highly suggestive puns in a joking manner to try and answer the question without being the new kid on the block piping in with:
"Actually that is the actress that played Wednesday Adam's in the 1991 feature length film based on the original B/W 60's sitcom "The Adam's Family"." And it doesn't even get a chuckle? Oh well...

And yes, I have to agree she has grown up to be a highly bangable morsel indeed!

Yeah, but this is a highly international thread. A lot of people have no idea about that cause the series never aired in their country, so the long explanatory version isn't always out of place here. there are people here who didn't know who Lassie was until recently.

[Arriemoller]

12 Chartbuddy posts on page 28994, this is just what I feared, pages with nothing but chartbuddy.

Tell me about it mate!... scrolling that mouse wheel is hard work eh?  

It's not the scrolling, its the irritation when you see it.

[Arriemoller]

12 Chartbuddy posts on page 28994, this is just what I feared, pages with nothing but chartbuddy.

I have noticed it too.. but still at the moment maximum streak is 3 in a row... so let see if it goes to 4 or 5

Get nine in a row, tenth one's free.

I think Arrie is worried we're going to use up all the bits.

Are you gonna start shilling for bigger bits now too?

[Arriemoller]

Good morning Bitcoinland.

Back down under $40k... currently $38540USD/$47557CAS (Bitcoinaverage).

Ho hum.
___

Just noticed we made it to page 29000.

That's annoying.
But Imagine if there would be CB, proudhon et al. only!
 

What's really annoying is pages of whiners bitching about Chartbuddy.

No Chartbuddy, no whiners.

[JayJuanGee]

the problem with Trendlines is: what points should I use to draw the trendline. the close price of the candles in a specific timeframe (e.g. 4 hours) or the absolute price lows or price highs of at least two candles upfront.

Just throw a dart at the wall.  That should help.

 

https://twitter.com/documentingbtc/status/1405504314177724418?s=21

Funny.

People will sometimes ask, "is this a good time to buy?"   but many of them are not asking that question around these times.  They usually wait until bitcoin pumps anywhere between 3x to 6x within a few months or half a year, and then they ask:  "is this a good time to buy?"  Or they ask, if it may be a good time to get into shitcoin 1, 2 or 3 since bitcoin has gone up so much, but even though shitcoin 1, 2 or 3, had also gone up, but since such shitcoin only costs less than a dollar or some other "cheap" amount, surely shitcoin 1, 2 or 3 would be a better "bang for the buck" as compared to bitcoin, no?

The tweet citing Dan Pantera is surely letting us know the answer to: "is this a good time to buy?" but wonder how many no coiners, fence sitters, and/or under-allocated coiners or precoiners are really paying attention? probably "few know this" even though the information happens to be right in front of their currently little non-melted faces.

Good morning Bitcoinland.

Back down under $40k... currently $38540USD/$47557CAS (Bitcoinaverage).

Ho hum.
___

Just noticed we made it to page 29000.

That's annoying.
But Imagine if there would be CB, proudhon et al. only!
 

What's really annoying is pages of whiners bitching about Chartbuddy.

No Chartbuddy, no whiners.

ChartBuddy's life matters.  #just saying