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

[cAPSLOCK]

Price musings as of 2/21/22

Well boy oh boy.  What a moment in history.  I feel like we are seeing the world unfold into something so different and in some ways frightening.  Bitcoin has reached a point most of us here have been talking about for a very long time.  Both the value of the asset, and the knowledge of it in the world.  We are in all kinds of uncharted territories in every sense.  Wars, rumors of wars.  Free nations pivoting hard to totalitarianism, and old enemies rattling their sabres after over 70 years of relative peace.

And bitcoin is "at the end of this cycle top".  At least that's what it looks like.  And not only that, but we are at an inflection point.  Where we are right now is often followed by one of three things.  A rally, a dead cat bounce on the way down 'till the next halving, or a capitulation event.

I think it is most likely the latter.  Bitcoin is going to take a sever hit here... perhaps an unfavorable executive order from the US government.  Or some sort of FUD or selling.  The most recent of these events have been DEC 2019,  March 2020 , oven as recent as this last summer:



These capitations are when our spirits are broken, or when the permabulls buy the hardest.  And then they are followed by a climb.

I think this is a real possibility right here.  But, of course, no one can know the future.  We could also be in the no mans land on early 2018 where we endured a long slow grind before finally having the capituation event.  Or it is possible we start back up from right here... but that seemed much more likely weeks ago.  At this point we have broken a lot of support...

Anyway.  I certainly hope we do not freeze the death in the coming bitcoin winter.  

But there is one thing I *WILL* put money on. That is we are in for a wild ride.  I just don't see two ways about that.  Something big is coming, I think.

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[BTCaesar]

Time 2 Buy…

[El duderino_]

Known

[Wexlike]

cup and handle in the making in the 1w chart.


/off to my cave at the beach for a few months

fuck me, was I wrong on this one

[xhomerx10]

cup and handle in the making in the 1w chart.


/off to my cave at the beach for a few months

fuck me, was I wrong on this one

 ...but you enjoyed the beach?

[gembitz]

SKYROCKETING DOWN =D REEEEEEEEEEEE

[ChartBuddy]

Explanation

[rdbase]

cup and handle in the making in the 1w chart.

/off to my cave at the beach for a few months

fuck me, was I wrong on this one

 ...but you enjoyed the beach?

Remembering that quote from the 90's:
"Life's a beach!"

Haven't posted a pic/meme in here for awhile so thought I'd show what happened when I checked the price an hour ago since this morning @$37.7k thinking this would be the bottom:

Broke $36.8k. 

[estenity]

Russia has 600+ billion dollars in central bank reserves.  Sanction them all you want, they are isolated for a very long time.  Plus they export gas and oil among other things.  So they take control piece by piece, one region, and another.  Biden can't do shit, Ukraine can't do shit.  those troops and anti-air batteries are insurance against any intervention by any other party.  next up, china and taiwan Chinese Taipei ? see : https://olympics.com/ioc/chinese-taipei

So bitcoin is down, but how much more down until it clicks that what you need is actually bitcoin in these times ?

bitcoin is presently low because of the arrival of finance guys who short it to control it, as every other market, even if i think they will not succeed because of miners and hodlers.

but there has been for several years a perspective of closing the russian access to Swift as a good sanction. 8 years ago, it was not actioned at the moment of crimea annexion, but at this time bitcoin was much less "integrated" than now.
if they action it now, russia will be obliged to find another way for their exports and commerce, and IMHO btc should explode.

[BobLawblaw]

This massive downward pressure is something else.

Gut feeling indicates possible bigtime recovery to new ATH's by late March/Apr.

Crossing fingers.

[Biodom]

This massive downward pressure is something else.

Gut feeling indicates possible bigtime recovery to new ATH's by late March/Apr.

Crossing fingers.

An interesting opinion...out of the mainstream, but would be super cool if it happens.

[HI-TEC99]

cup and handle in the making in the 1w chart.

/off to my cave at the beach for a few months

fuck me, was I wrong on this one

 ...but you enjoyed the beach?

Remembering that quote from the 90's:
"Life's a beach!"

Haven't posted a pic/meme in here for awhile so thought I'd show what happened when I checked the price an hour ago since this morning @$37.7k thinking this would be the bottom:

Broke $36.8k.  

Hodl your Bitcoins.

[ChartBuddy]

Explanation

[rdbase]

cup and handle in the making in the 1w chart.
/off to my cave at the beach for a few months

fuck me, was I wrong on this one

...but you enjoyed the beach?

Remembering that quote from the 90's:
"Life's a beach!"

Haven't posted a pic/meme in here for awhile so thought I'd show what happened when I checked the price an hour ago since this morning @$37.7k thinking this would be the bottom:

Broke $36.8k.  

Hodl your Bitcoins.

The Pomp has been releasing some interesting tweets of a first world nation trying to control their citizens and their bank funds even when it comes to bitcoin...
https://twitter.com/APompliano/status/1495881734075916288



But they can't because the supreme court doesn't know how custodial services work.
They can't block transactions/freeze users accounts when governments call an executive order or as what they refer to as the emergencies act.
https://twitter.com/APompliano/status/1495038292773019655

Love the last line of that response back to them ".. when the dollar becomes worthless, get back to us!"

[Wexlike]

cup and handle in the making in the 1w chart.


/off to my cave at the beach for a few months

fuck me, was I wrong on this one

 ...but you enjoyed the beach?

Yeah I did ! Brazil can be such a peaceful place on Earth when everything seems to collapse.

And now, back to lick my wounds..

[philipma1957]

And what did his money do for him?

he ended up well hung in prison.


speaking of rich scumbags getting what they deserve. two more from bernie madoff’s family committed suicide.

when all is said and done for the madoff’s I wonder how many more will kill them selves.



does any really think any of the above committed suicide


please don’t read the small print 🤫

[jojo69]

I was wrong, we need crypto

I still can't believe that this is the protest that would prove every Bitcoin crank a prophet. And for me to have to slice a piece of humble pie, and admit that I was wrong on crypto's fundamental necessity in Western democracies.

[ChartBuddy]

Explanation

[Richy_T]

Canada votes to allow Trudeau to freeze bank accounts without due process, price goes down. Of course.

[Richy_T]

18 months.

Hehe.