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

[OROBTC]

...

I don't know if the Rothschild family could really be called "speculators", but they have quadrupled their BTC HODLINGS since April.  Link and some scanty details:

https://bitcointalk.org/index.php?topic=5350269.msg57506010#msg57506010

They are whales, really BIG whales...  Seems bullish with a longer term outlook.


(Edited)

[ChartBuddy]

Explanation

[Hueristic]

It's not my birthday... what are you talking about...

Sorry Phil, that was a fail at the opsec game.
 
Only 354 more denials and your outted!

[OutOfMemory]

Willy Woo
@woonomic
People often think the market is buying or selling. In truth every buyer has a seller. Price moves up or down according to who is patient and who is urgent.

Urgent sellers push price down, urgent buyers push price up.
https://twitter.com/woonomic/status/1417468404475187210?s=21

Willy Woo
@woonomic
A tentative thesis I have for the current price regime is that China is an urgent seller, while the West are patient buyers.
https://twitter.com/woonomic/status/1417470054698938371?s=21

Willy Woo
@woonomic
See Binance inflows (mainly from Asia), especially over the China FUD of banning BTC.

https://twitter.com/woonomic/status/1417470060092747776?s=21

On point, imo.
That's why i expect the price to go down until china's bitcoin ban is in full effect, which should be 2 days from now, afaik.
If the electrician happens to present me the bill for his work and material, i will be able to know how much fiat will be left to buy bitcoin at the bottom.
Done a lot work with the house extension lately, painting, installing doors, almost no time left to read WO (you know, i need sleep too  )

[cygan]

another great comic from Lina Seiche to current situation - love this funny style


https://twitter.com/LinaSeiche/status/1417490062196019212

[Toxic2040]

the WO rocket report

BlueOrigin first human space flight   apogee @ 351,210 feet

Pretty damn cool no matter what you think of Bezos    A couple of records that stand out...the oldest astronaut at 82 years and youngest astronaut at 18 years old...plus the balls on Bezos to risk it all on the first flight...props dude
https://www.youtube.com/watch?v=tMHhXzpwupU

Pretty surreal watching all these cowboys exit/gather around a rocket ship



------

All you Musk haters can piss right off imo    this is our road to the stars      deal with it

SpaceX completes SHB static fire    that thing is massive    cant wait to see the full stack launch    29 raptors roaring    yes please
https://www.youtube.com/watch?v=ENEPIkcexVg

[ChartBuddy]

Explanation

[shahzadafzal]

morning charts

dead cats keep bouncing...you would think they would run out of cats soonish

#dyor

Does anyone , the WO experts  ,  have any free custom built indicator for support & resistance so that we don't have to manually find Support & resistance all the time  ?

Don’t worry I will help you just follow these for support and resistance

Support indicators:
LFC_Bitcoin
JayJuanGee
El duderino_
Hueristic
marcus_of_augustus

Resistance:
proudhon
ChartBuddy
*undisclosed shitcoin wanderers

 

[JayJuanGee]

You are likely wrong... richie..

Funny how you have such strong conviction about this theory of a possible early bear cycle... Of course, we will see.. but I doubt that the odds are in your favor.

It's by no means a conviction. I speculated about what we might be about to see and... we've been seeing it. I'll just do what I did in previous times and keep holding. If I had conviction, I would sell to buy lower, no?

If you say the BTC price is going down while its going up, then you are likely to correct sooner or later.. and if you say it in a kind of meek and ambiguous way, you are also likely to be right..

I suppose time will tell if we are in a bear cycle.. and really I don't buy your current desire to make a 3.5 year cycle claim.. seems to be convenient at this particular moment.

Regarding what you would do if you had conviction can be all over the place.. Of course, none of us should be so strongly convicted about anything that we do not make some kinds of hedges.  In 2014, I chose my hedge to be 10% / 90%, even though I gravitated into 13.5% / 86.5%... .but then after a while, bitcoin's price appreciation has changed my hedge to various locations such as 90% /10% and even variations between such as maybe 45%/55% - ish in the 2018 correction down to $3,124.. and of course, I am going to take some responsibility in terms of how I let that ride - even if sometimes in retrospect, I might consider that mistakes were made - yet each of us must balance whether we want to take any action and especially consider if taking action after already having a 56% price correction would be a great time to sell rather than to either buy or just HODL through it.

Peeps do not always do what seems to be the more practical of hedging approaches, and it is not just mindrust who makes those kinds of mistakes, even though he dow continue to serve as an ever giving decent example of problematic chance taking that ends up NOT working out.

morning charts

dead cats keep bouncing...you would think they would run out of cats soonish

#dyor

Does anyone , the WO experts  ,  have any free custom built indicator for support & resistance so that we don't have to manually find Support & resistance all the time  ?

Yeah right... .. lot's of sorcery wannabe peeps proclaim to have those.. but their status as sorcerer does not tend to last much longer than a few short-term price moves, at best.. even though there are quite a few of the wannabes that do come to these here parts after the price move fact and proclaim that they knew where this was going and that they had already tried to warn us... blah blah blah

Use those experts at your peril.

[Dabs]

Space Cowboys ... That was a decent movie.

As for predicting the future of bitcoin prices, mine are overly long-term and conservative. It's going up. It's going to $100k, then to $500k, then to $1m. But the time scale is much longer, like a few years or decades even, to the point some people think it's bearish.

[Tronx]

[ChartBuddy]

Explanation

[eXPHorizon]

https://www.youtube.com/watch?v=j61KACwuAjM

Jackass Forever - Official Trailer (2021) Johnny Knoxville, Steve-O



Jackass 4 is finaly coming This is what the world needs now hehe

[Globb0]

morning charts

dead cats keep bouncing...you would think they would run out of cats soonish

#dyor

Does anyone , the WO experts  ,  have any free custom built indicator for support & resistance so that we don't have to manually find Support & resistance all the time  ?

[Toxic2040]

Space Cowboys ... That was a decent movie.

As for predicting the future of bitcoin prices, mine are overly long-term and conservative. It's going up. It's going to $100k, then to $500k, then to $1m. But the time scale is much longer, like a few years or decades even, to the point some people think it's bearish.

Yes..I liked that movie as well..thought it a good role for Daniel Craig      Think there was a couple of sequels...maybe without Craig...but I havent seen em


About pricing...I agree with you that the long term outlook still seems an asymmetrical bet to me

marcus had some nice thoughts about synthesising some different data points into a price indicator...sad to say I have only fiddled with his concept in the most rudimentary fashion...nothing remotely conclusive yet

I was looking at a 4x theory in halving vs price resistance but I think I just have cognitive bias unfortunately  ie  250-1k-4k-16k-54k ect    Perhaps with those numbers adjusted a bit...dunno

Kinda in a lets just wait and see what happens mode honestly

Wondering if there will be an attempt at dumping on Dorseys and Musks head tomorrow at the B conference...again just have to wait and see

Also thought there was going to be something from the SEC on the 27th or 28th...maybe got that wrong...might be something in August   heck..why not both

My best guesstimate is something will start to change between September 6th and October 4th


@jjg  I thought they preferred the title of Wizards rather than Sorcerers 

[ChartBuddy]

Explanation

[JayJuanGee]

@jjg  I thought they preferred the title of Wizards rather than Sorcerers  

You say tomato, I say potato



You say potato, I say tomato




tomato, potato





potato, tomato

[LFC_Bitcoin]

@therationalroot
One would say it'll soon be time for the sentiment to turn. #Bitcoin 

https://twitter.com/therationalroot/status/1417577364247257088?s=21

@therationalroot
2 months of mostly extreme fear while fundamentals have never been better!


https://twitter.com/therationalroot/status/1417577369242636288?s=21

🙏🏻

[ChartBuddy]

Explanation

[gembitz]

@therationalroot
One would say it'll soon be time for the sentiment to turn. #Bitcoin 

https://twitter.com/therationalroot/status/1417577364247257088?s=21

@therationalroot
2 months of mostly extreme fear while fundamentals have never been better!


https://twitter.com/therationalroot/status/1417577369242636288?s=21

🙏🏻

FOMO index wen? :-] hoot