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

[Blue King]

Bitcoin fell by nearly 10% in today’s session, as traders continue to react to recent action by the Federal Reserve to hike interest rates.



Source: https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-btc-falls-to-2-month-low-following-the-latest-nfp-report/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications

Bitcoin.com/ethereum

Wrong thread, try merit begging in some other thread that you understand . Next you will be posting articles that say csw is Satoshi lol

Merit has nothing to do with the post here. Because in this post there is no topic to ask for merit begging. lol

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[danadc]

Many things have happened, suddenly the fear of many was seized, but finally the price of BTC is recovering, some think that the BTC bearish movement was necessary:

“That smells like capitulation to me or at least some serious signals overall,” Van de Poppe commented.

He noted that the dip had also produced the highest-volume 4-hour candle since early December on BTC/USD. As Cointelegraph recently reported, volume was a key aspect that needed to return in order to produce a more convincing capitulation event.

Apart from these indices show the following:

The S&P 500 finished the day down 3.5%, while the Nasdaq 100 ended down 5%. Outside stocks, U.S. 10-year Treasury futures shed 1%, a rare combination that gave some market participants pause for thought.

Source: https://cointelegraph.com/news/someone-is-blowing-up-bitcoin-sees-2022-volume-record-amid-hopes-capitulation-is-over

I think this "capitulation" is only part of what can be come, some are preparing for a bullish oviment, when they expect a Bearish movement, most likely, the opposite happens. I was able to go up this time.

[ChartBuddy]

Explanation

[Franctoshi]

Michael Saylor isn't the only institutional Investor into Bitcoin and the market is not control by Michael Saylor either <snip>

You're correct, but he's one of the larger fish, and there is a cubic fucktonne of money tied up in fiat between here and $21k - IMO, would need to be a black-swan event to drop below $20k at this point.

For sure I totally agree with you he's one of them , looking at the way he is buying Bitcoin recently, I guess if it's possible he acquires the largest portion of Bitcoin I believe he's going to do it.

If you said there is a cubic fucktonne of money tied up in fiat between $21k too, That is probably why the price could get to 20k level , because there is no big difference between those two price level so it can easily touch down to that level to ensure it retested the previous ATH.

[Biodom]

My try: Drawing patterns and lines that help deciding for trading options based on probabilities.

But, are there actually patterns? Is it, indeed, a matter of probabilities?

Or, formulated more properly: Can you prove that it's a matter of probabilities?

Nobody has a clue.
The only thing people base ANY predictions on is the historical evidence.
Historically, stock market does not go down more than about 50% (when there is inflation; in 1930ies deflation it went down 89%).

In bitcoin, TYPICAL decrease from the blow off top is 82-85% (basically 1/5 to 1/6 of high).
However, late 2021 had NO blowoff top and extension from the prior top was only about 3.25X, vs prior 17X and 36X before.
Therefore, no REAL TA is possible as no-blowoff top situation happened for the first time.
My hope is that 80ish percent drop is, therefore, unnecessary, but who knows.
Here is my probabilistic "TA": we hold 30K and in the absolute worst revisit the 200Wk average (about 22K now and still rising).

[OutOfMemory]

My try: Drawing patterns and lines that help deciding for trading options based on probabilities.

But, are there actually patterns? Is it, indeed, a matter of probabilities?

Or, formulated more properly: Can you prove that it's a matter of probabilities?

Retrospectively.
Example: A distinct, defined chart pattern was followed by trend continuation, usually on a few selected timeframe charts,  more often than trend reversal.
So the probability is higher that the same pattern will be completed by a continuation move.

It's like winning/losing probabilities of a poker hand, but you can almost always be beaten with the strongest hand on the turn by your opponent when the river card is drawn. So if you play strict probability poker for a long time, you should be in profit, compared to high "volatility" when playing a little against these odds. But, playing short and loose agressive play, like daytrading, might get you bigger single gains.

Many things have happened, suddenly the fear of many was seized, but finally the price of BTC is recovering, some think that the BTC bearish movement was necessary:

“That smells like capitulation to me or at least some serious signals overall,” Van de Poppe commented.

He noted that the dip had also produced the highest-volume 4-hour candle since early December on BTC/USD. As Cointelegraph recently reported, volume was a key aspect that needed to return in order to produce a more convincing capitulation event.

Apart from these indices show the following:

The S&P 500 finished the day down 3.5%, while the Nasdaq 100 ended down 5%. Outside stocks, U.S. 10-year Treasury futures shed 1%, a rare combination that gave some market participants pause for thought.

Source: https://cointelegraph.com/news/someone-is-blowing-up-bitcoin-sees-2022-volume-record-amid-hopes-capitulation-is-over

I think this "capitulation" is only part of what can be come, some are preparing for a bullish oviment, when they expect a Bearish movement, most likely, the opposite happens. I was able to go up this time.

That's one candle i was waiting for, if you followed my posts here.
Well, it could be orchestrated with some effort by a group of whales, but i think chances are better for a growing market again. We'll see shortly, anyway.
One thing is certain, there is buying interest and there is growing attention when it comes to Bitcoin. This may be the factor that didn't make this correction after last ATH as flashy-crashy as we used to see before, recover faster and build a stronger foundation for another rise. We didn't have that before, but Bitcoin always does the opposite of what most people expect it to do.

[sirazimuth]

https://www.youtube.com/watch?v=yO8TmBSTMag

[ChartBuddy]

Explanation

[OutOfMemory]

https://www.youtube.com/watch?v=yO8TmBSTMag

This drummer's got a funny grip, sticks held like with german grip but palms turned in like american grip. Just saying, because i used to play german and recently incorporated more french/american grip styles, mainly for faster double strokes.
Funny musical comment on the Bitcoin chart, btw 
 

[BlackHatCoiner]

It's like winning/losing probabilities of a poker hand, but you can almost always be beaten with the strongest hand on the turn by your opponent when the river card is drawn.

This is of little matter. The problem with poker, which probably applies to TA too, is that it's a matter of time until the richest wins. Whether you've analyzed the game, whether you're counting the cards, your winning rate drops exponentially the less money you've already inserted to.

[LFC_Bitcoin]

Crypto Angel
@ltc_angel
$btc at $36k in 2021 vs $36k today



https://twitter.com/ltc_angel/status/1522623659826950144?s=21

[OutOfMemory]

It's like winning/losing probabilities of a poker hand, but you can almost always be beaten with the strongest hand on the turn by your opponent when the river card is drawn.

This is of little matter. The problem with poker, which probably applies to TA too, is that it's a matter of time until the richest wins. Whether you've analyzed the game, whether you're counting the cards, your winning rate drops exponentially the less money you've already inserted to.

I can only agree so much, as that the small stack has to play overly tight and conservative, has a greater risk to be eliminated faster by blinds/antes, so there is some variation to this rule regarding the type of poker game, height of stakes and limits, to name a few variables. But by pure math probability, the conservative player is generally more profitable in the long run, which doesn't necessarily include the aspect of deepness of the players pockets, so this one was substracted from my approach of a comparison.

[ChartBuddy]

Explanation

[sirazimuth]

... <boring load of same old bollocks from attention seeking idiot who needs to get laid>

Jeezus Christ greek man. We get it. You like throwing stupid insults and swinging your dick at everyone in here because you can.
Guess what? Everyone in here can do that too. But they don't. It's old hat now.
No one is impressed or intimidated. We just roll our eyes and scroll on. That maybe news to you.
So just grow up and post a normal non toxic reply without billions of quotes and fancy separate lines.
Or not. We really DGAF.

btw, do you miss notbatman? I do.

[Cryptotourist]

https://twitter.com/BitcoinMagazine/status/1521211147432693760?cxt=HHwWgMC48dLetpwqAAAA

I am happy to see a beautiful girl proudly showing that she has received knowledge about bitcoin.. spread the world that bitcoin is real

Are you fucking kidding me?
How can you tell if the girl is “beautiful” whilst she’s wearing a fucking face diaper.
Also. “Knowledge” about Bitcoin? Fuck you sideways.

Bitcoin is real alright. And the masks will fall.

PS: Go fuck yourself.

Nice photo

I know you’re fucking sick inside.

That just means that you are the exception to the rule.
But if you have another explanation, please do tell.

That also means that your lying cunt is super massive.
Black holes explain a lot, yo.

Som things have no price.

Well, your cunt definitely has a price. What is it?

EDIT2: This, or we self-destruct like the ancient high cultures, Maya, Aztecs to name a few well known examples.

Hahahahaha, how about the Greeks? No? Hindu maybe? The Chineeese?
But no, you’re just a fucking barbarian.

@Blue King: Too big, wrong thread 

Indeed.
But you should also move your ass to the Shitcoin Observer, and take your buddies with you!

~

You just keep standing in the corner on one leg - with you thumb up your ass - and everything is going to be alright.

~

Well, you too - just use the other thumb.

OK, i had to come back.

Who would have guessed. LOL

It's nice to see we all have something in common, even you, Cryptotourist.

Rumours have it that my dick is sweet. Do you have a sweet dick punk?

^The best satire you can find on the internet as a Bitcoiner.

I would have gone for “your Nemesis, truly”, but okay.

Glad to make you laugh - it goes a long way. Did I really?
We can agree on the Bitcoiner part.

A new r0ach, how entertaining.

A new cunt(onian), how intriguing!

Just buy them and use them for cutting fish and have a sharpening stone to keep them as sharp like new and when the time comes you will have and extra zombie slashing tool.

I have a few knives already, and a bunch of kitchen knives too. I think I’m OK.
But but, the zombies are already around us. It’s the fucking vaccinated, yo.



”Λερναια Yδρα γινανε μην τoυς πιστεψεις αλλo,
ξεκινα κoβε κεφαλες να πανε εις τoν διαoλo.”

by Zach

[ChartBuddy]

Explanation

[savetherainforest]

Just buy them and use them for cutting fish and have a sharpening stone to keep them as sharp like new and when the time comes you will have and extra zombie slashing tool.

I have a few knives already, and a bunch of kitchen knives too. I think I’m OK.
But but, the zombies are already around us. It’s the fucking vaccinated, yo.

I already see them dying.    

From complications. Heart & Lung problems mostly.    
(what a bunch of retarded malnourished chimps with no brains for taking that sh!t.)

Sad story, yo. !!  

[Cryptotourist]

And the government forcing businesses to dump 80% of their foreign currency income.

Of course! You would/should know, right?
Nothing beats property tax and capital gains tax. Come to think of it, only VAT classifies as “legal” tax - if ever there is such a thing.
Then we have pensions. Hahahahaha.

Ukranian forces have now started their counteroffensive according to sources.

Only one sentence per post of propaganda for today Arrie?
When fuck off completely?

Huge red dildo, dammit... 

Hello nocoiner. Again.

Don't ask me why though.

We won’t. You’re full of bullshit anyways.

Maybe a worry that Russia will collapse?

Don’t worry, Russia will come very strong out of this.
Not sure about Sweden though.

This drop has all to do with the Fed's raising the interest rate I'm afraid.

Nah, it probably has to do with your cunt, but don’t be afraid!

One of these days, my friends...

I’m not your friend. You don’t have any friends, period. That’s what you get for being a cunt.

And yesterday they claimed that Ukraine was using black magic, they are truly desperate now.

We both know who’s the desperate, and it’s definitely not me.

Zen

Just suck, suck, and then suck some more. You’ll get the hang of it at one point.
Promise.

Off to RL for some hours, got a mild flu, have to bury a chicken, because the damn fox doesn't show up...

Now watch your cunt closely.
I’ve heard of a flu like virus that kills en masse. Covidiots … or something.

Next you will be posting articles that say csw is Satoshi lol

Experience kicking in?

Jeezus Christ greek man. We get it. You like throwing stupid insults and swinging your dick at everyone in here because you can.
Guess what? Everyone in here can do that too. But they don't. It's old hat now.
No one is impressed or intimidated. We just roll our eyes and scroll on. That maybe news to you.
So just grow up and post a normal non toxic reply without billions of quotes and fancy separate lines.
Or not. We really DGAF.

Honestly, you *don’t* get it. You will though … eventually.
As long as you cunts keep lying and manipulating sentiment - whilst promoting fear and propaganda, I will be here to pull your ear.
Simple as that. Live with, or just don’t - and fuck right off this thread - all the way to the flat Earth one. Okay?



Dance Of The Bad Angels

[ChartBuddy]

Explanation

[Apocollapse]

An apartment in Braga, Portugal was directly sold for bitcoin for the first time in the country, without needing a conversion into euros.

Source: https://bitcoinmagazine.com/business/first-ever-direct-house-sale-for-bitcoin-in-portugal

This is what we need for the Bitcoin adoption as a currency, we don't need to fucking care with the value in fiat. If we always need to convert Bitcoin's price to fiat when we need to pay something, fiat wouldn't ever get replaced by Bitcoin.

1 BTC = 1 BTC