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

[serveria.com]

The current failure to capture & subsequently hodl $25,000 doesn’t fill me with confidence that the bottom is in. I would advise you all to have dry powder loaded on exchanges for potential lower lows. I’ve seen this movie too many times before.

Honeybadger will wake up & start going on a tear but maybe not for a year or more.

I would normally disregard such a bearish post by LFCB but taking into account the guy almost caught the previous ATH and cashed out near the top this makes me feel concerned. Selling now and buying back at $17k-$15k-$13k seems too easy to be true. Easy money. What if there will be no last bottom as there was no blowoff top? Play safe and hodl or gamble? 

[1714229948]

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[1714229948]

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[1714229948]

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[serveria.com]

The current failure to capture & subsequently hodl $25,000 doesn’t fill me with confidence that the bottom is in. I would advise you all to have dry powder loaded on exchanges for potential lower lows. I’ve seen this movie too many times before.

Honeybadger will wake up & start going on a tear but maybe not for a year or more.

It seems the majority thinks the worst is yet to come...
(I hope they are wrong as usual..)

Me too, I mean if as expected there is a global recession or even great depression confirmed, we can hope bitcoin acts as a life raft for people & a safe haven. Thing is when bad shit goes down, like when COVID was first confirmed as a global pandemic the arse fell out of bitcoin (not complaining, I bought a decent amount there, profiting on peoples misery). Im 50% convinced the bottom is in, in other words I have no clue.

We are going to $150,000+ in the next bull cycle (after the halving). I’m just not convinced another black swan won’t send us tumbling to new lows before that.

On the other hand due to inflation $17k this cycle feels like $15k last cycle. Perhaps even lower. So there's that.

[PaulBf1]

The current failure to capture & subsequently hodl $25,000 doesn’t fill me with confidence that the bottom is in. I would advise you all to have dry powder loaded on exchanges for potential lower lows. I’ve seen this movie too many times before.

Honeybadger will wake up & start going on a tear but maybe not for a year or more.

It seems the majority thinks the worst is yet to come...
(I hope they are wrong as usual..)

This is exactly why this scenario won't happen because way too many people are expecting it to. You think you can just buy bitcoin at 12k then sell it when it reaches 20k or so ? Na, this isn't how the market works. It's never this easy.

The worst case scenario IMO is that if the next CPI report thats coming in septembre is higher than 8.5% (tho not very likely) and then the feds decides to crank up the interest rates this can have a negative impact on bitcoin and stocks as a whole. Who knows, we might even break through the 12k barrier and go even deeper.

[ChartBuddy]

Explanation

[Torque]

The current failure to capture & subsequently hodl $25,000 doesn’t fill me with confidence that the bottom is in. I would advise you all to have dry powder loaded on exchanges for potential lower lows. I’ve seen this movie too many times before.

Honeybadger will wake up & start going on a tear but maybe not for a year or more.

It seems the majority thinks the worst is yet to come...
(I hope they are wrong as usual..)

Me too, I mean if as expected there is a global recession or even great depression confirmed, we can hope bitcoin acts as a life raft for people & a safe haven. Thing is when bad shit goes down, like when COVID was first confirmed as a global pandemic the arse fell out of bitcoin (not complaining, I bought a decent amount there, profiting on peoples misery). Im 50% convinced the bottom is in, in other words I have no clue.

We are going to $150,000+ in the next bull cycle (after the halving). I’m just not convinced another black swan won’t send us tumbling to new lows before that.

It's actually very simple.

The bitcoin market price is not going anywhere until a) the Fed stops with the rate hikes, and reverses course. and b) China's economy stops imploding and finds a bottom.

Until those two situations change, it's more sideways action.

[Hueristic]

The current failure to capture & subsequently hodl $25,000 doesn’t fill me with confidence that the bottom is in. I would advise you all to have dry powder loaded on exchanges for potential lower lows. I’ve seen this movie too many times before.

Honeybadger will wake up & start going on a tear but maybe not for a year or more.

I would normally disregard such a bearish post by LFCB but taking into account the guy almost caught the previous ATH and cashed out near the top this makes me feel concerned. Selling now and buying back at $17k-$15k-$13k seems too easy to be true. Easy money. What if there will be no last bottom as there was no blowoff top? Play safe and hodl or gamble? 

This is the fast track to No-Coiner status thinking.

[ChartBuddy]

Explanation

[Little Mouse]

I would normally disregard such a bearish post by LFCB but taking into account the guy almost caught the previous ATH and cashed out near the top this makes me feel concerned. Selling now and buying back at $17k-$15k-$13k seems too easy to be true. Easy money. What if there will be no last bottom as there was no blowoff top? Play safe and hodl or gamble? 

Well, let me share what I have done. I was buying BTC for a quite long time after the crash in 2018. In the last bull, I couldn’t make a good forecast (I'm a bad trader) and sold all around $31k-$35k and invested some in some alts. I was in good profit. I was almost no-coiner for a long time after the bull run.
Recently, when it got down to around $17k, I started buying back just because I don't want to miss the chance as there could be no more bottom. Waiting for a drastic dump and I will go all in.

[Dunamisx]

Bitcoin is everywhere!


https://twitter.com/BitcoinMagazine/status/1558888028298412033?t=Cgu02NClD9f6RnR0ToaPDg&s=19

this is how we roll... bitcoin is irresistible, bitcoin is everywhere, clear your doubts about it and join the train to invest today.

[Hueristic]

I would normally disregard such a bearish post by LFCB but taking into account the guy almost caught the previous ATH and cashed out near the top this makes me feel concerned. Selling now and buying back at $17k-$15k-$13k seems too easy to be true. Easy money. What if there will be no last bottom as there was no blowoff top? Play safe and hodl or gamble? 

Well, let me share what I have done. I was buying BTC for a quite long time after the crash in 2018. In the last bull, I couldn’t make a good forecast (I'm a bad trader) and sold all around $31k-$35k and invested some in some alts. I was in good profit. I was almost no-coiner for a long time after the bull run.
Recently, when it got down to around $17k, I started buying back just because I don't want to miss the chance as there could be no more bottom. Waiting for a drastic dump and I will go all in.

Miss it once and your fucked.

[Toxic2040]

[Toxic2040]

in other news...


The constitutionality of the actions OFAC initiated against Tornado cash is coming under scrutiny. Obviously broad overreach regardless imo.

https://www.coincenter.org/analysis-what-is-and-what-is-not-a-sanctionable-entity-in-the-tornado-cash-case/

[ChartBuddy]

Explanation

[Toxic2040]

https://twitter.com/CBRobber/status/1559135250856517634

[Hamza2424]

Waiting for a drastic dump and I will go all in.

Ahhh it Hurts now, Drastic Dump that good one really you will go all in and most of us all are out of all ( Fait Currency ).
Thats Hurts 🤕.

You should say after next halving you will be all in 😂 then might be we can join you

[ChartBuddy]

Explanation

[Biodom]

An interesting read:

https://nymag.com/intelligencer/article/three-arrows-capital-kyle-davies-su-zhu-crash.html

“I suspect they might be 80 percent of the total original contagion,” says Sam Bankman-Fried

Exaaactly..the whole bear was suspiciously swift coming from the no-blowoff situation.
There was a blowoff, but it was located in a large part in this fund (plus Celsius).
Small bitcoin wallets had no bear market features whatsoever (as far as growth in accounts).
One possible conclusion is that the recovery might be swifter than in 2014-2015.

[cygan]

Bitcoin is everywhere!


https://twitter.com/BitcoinMagazine/status/1558888028298412033?t=Cgu02NClD9f6RnR0ToaPDg&s=19

this is how we roll... bitcoin is irresistible, bitcoin is everywhere, clear your doubts about it and join the train to invest today.

old one... 

[Gachapin]

merited for the laughs  

[cAPSLOCK]

https://twitter.com/AurelienOhayon/status/1558665777510813697?t=51sGy4p07jg9J7pEL-up9w&s=19

here's another picture sighting the bullrun on the 5th times about bitcoin price, but i think we are getting closer than as expected.

That AurelienOhayon dude makes me look like a bigger bear than Proudhon.  He has been a fairly good reverse indicator on the short time frame, lol.