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

[ivomm]

500 mln newly opened futures longs in the last day in Binance. This is calling for a new long squeeze. They missed the train last week, so they will try to catch it in motion. Good luck, n00bs! After they are liquidated I expect next week to get to 50K.

Well, this wasn't hard to predict. The usual long squeeze tax n00bs are paying to the casinos exchanges. Nothing to see here, move along!

It doesn't look like a long squeeze - it's a bit too deliberate.

Disclaimer: TA incompetent.

Now this looked like a proper short squeeze! 

May be this time the short squeeze will be extended above the resistance at 45K. Bears are still way too confident and opened a lot of new shorts in the last hours. I see nothing but good news for Bitcoin, so the chances for another pump in the 50K area are good.

[1714464896]

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[1714464896]

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[Woodie]

How satoshi Nakamoto name came up.......

credit: Elon Musk
Markets are looking bullish for the time being in a very long time, hope we can jump to 50k or higher in no time because we are buried deep in the red sea...we want to see the bullish green sea as we embark on the road to recovery

[ChartBuddy]

Explanation

[bct_ail]

6 + 8 = 5

   

I hope you don't always calculate like this  You forgot an intermediate step. But your brain was probably quicker.

6 + 8 = 14
1 + 4 = 5

[ImThour]

Overall: Bullish

Already up $5k in 2 days, if we break $44k, we will surely touch $48k.

[BobLawblaw]

So why isn't it flying off the handle as we seem to stand on the precipice of World War 3?

...prolly 'cuz we're nowhere near WW3 yet.

[ChartBuddy]

Explanation

[modrobert]

So why isn't it flying off the handle as we seem to stand on the precipice of World War 3?

...prolly 'cuz we're nowhere near WW3 yet.

I think Bitcoin mainstream adoption rate is increasing due to its "lifeboat" properties, if this assumption is correct we will see an upward trend even during serious threat.

[ChartBuddy]

Explanation

[vapourminer]

6 + 8 = 5

   

I hope you don't always calculate like this  You forgot an intermediate step. But your brain was probably quicker.

6 + 8 = 14
1 + 4 = 5

llama math

[ivomm]

Factsheet on President Biden’s Digital Asset Executive order. It largely promotes studies and oversight but also aims to support innovation and strategic leadership to further the national interest. Seems net positive for the industry. 💪🚀 Source:
https://twitter.com/gaborgurbacs/status/1501525784229564420
https://www.whitehouse.gov/briefing-room/statements-releases/2022/03/09/fact-sheet-president-biden-to-sign-executive-order-on-ensuring-responsible-innovation-in-digital-assets/

[cygan]

Starting tomorrow and running until July 1, Kraken clients who created an account from Ukraine prior to March 9, 2022 will be eligible to receive $1,000 in bitcoin that can be immediately withdrawn from our exchange. Currency conversion fees up to $1,000 will also be waived at this time.

https://blog.kraken.com/post/13215/kraken-to-distribute-over-10-million-in-aid-to-clients-impacted-by-ukraine-crisis/

[ChartBuddy]

Explanation

[OutOfMemory]

... and repeat after me there is no Central Bank inflation

... only "Putin war inflation"

... amazing that, Central Banks printed 10's of trillion$$ and no inflation ... but Putin did it! oh yeah

... now repeat your good little children bedtime story narratives ... or you will be cancelled, turn down your thermostat, eat less, sell your children .... because Putin created inflation  


... yeah that's the narrative now, you'll find it on factcheck, right next to details about CIA MK-KM mis-dis-mal-information psyops

Man, just because there is no proof that these labs are actually bioweapon related, doesn't mean that i'm stupid.
Which WOer doesn't know about the roots of inflation?

So jusr if you can't prove something, it may not be a lie.
That's short-circuit thinking, imho.


On topic: Where's that pump coming from? Twitter is full of "Biden pump", "Bitcoin vs. Banks Endgame", "Ban Bitcoin" and i can't make out a reason.
Can somebody please update me?

[NeuroticFish]

On topic: Where's that pump coming from? Twitter is full of "Biden pump", "Bitcoin vs. Banks Endgame", "Ban Bitcoin" and i can't make out a reason.
Can somebody please update me?

May be related to this: https://twitter.com/dennis_porter_/status/1501378443388198917
But I would still like to hear some more opinions on this.

[savetherainforest]

6 + 8 = 5

   

I hope you don't always calculate like this  You forgot an intermediate step. But your brain was probably quicker.

6 + 8 = 14
1 + 4 = 5

Sometimes I do that for letters.

For example: A is number 1.   our B for BTCitcoin is 2. (and the number 2 is related to the energy of money, wealth, material goods and also nature)   

[OutOfMemory]

On topic: Where's that pump coming from? Twitter is full of "Biden pump", "Bitcoin vs. Banks Endgame", "Ban Bitcoin" and i can't make out a reason.
Can somebody please update me?

May be related to this: https://twitter.com/dennis_porter_/status/1501378443388198917
But I would still like to hear some more opinions on this.

OK, yeah. Thanks!
Seems like the government has now realized that they can't just bring out the eDollar right now, so they concentrate on stablecoins (for whatever reason). No word on POW and privacy coins, prolly just wanting a piece of the cake while trying to stop just watching the Dollar slowly dying.

Europe is more like critcal regarding BTC and crypto, because these recently orchestrated fears of "russian capital flight" and attack-weaponry financing.
I suggest, just like with stopping buying russian oil and gas, they will hesitate to make a move until things cool down and "bad boy Bitcoin" is no more a real threat to muh economy and they have to admit "it's not even possible to just ban Bitcoin" or the likes.
Primarily Germany acting like a pussy in this particular case.

[cAPSLOCK]

You can feel that, right?


This sure has been a shitty supercycvle.


So far.

Posted this... went to sleep.  and LOOK!  I was right once!?!?

And I have come to proclaim that we have a SUPER RARE chart formation...  "the Dorito of Fortune".  And this only can go up from here...  (though it might drop a little when the ACTUAL EO comes out... USA CDBC whee!!!)



Also to the Dude: It was just a few years ago when I got my first dog...  He is sitting right here next to me.  He's a bully breed like your best friend.  But a bit smaller.  I am very sorry for you, my friend.

[ChartBuddy]

Explanation

[Richy_T]

Seems net positive for the industry.

"I'm from the government and I'm here to help".

The only thing they want to study is how to get a slice of the pie.