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

[JayJuanGee]

Global currencies performance over the past week:
                                        🇬🇧: –5.3%
                                        🇪🇺: –3.5%
                                        🇨🇳: –2.2%
                                        🇯🇵: –0.7%

                                         BTC +5%
Source: Bitcoin Magazine.

Whatever happened over a week (even over the last week) (aka quibbling over alleged facts for such a period)is largely noise.. Of course, shit happens and sometimes the noise might contribute towards helping with some kind of theory regarding possible directional changes.. yet in this case, there is a need to zoom out in terms of both time and in terms of how much price movement has been happening - and accordingly analyzing over what has been happening over this past week (so far) seems to be similar to looking at shadows on a cave wall... and largely not very much significance, even if there may well be a bit of an ongoing battle going on in order to try to figure out if BTC price might be able to go lower and is the bottom in, or not...

In other words, the more interesting question that seems to be looming relates to whether the bottom is in or not, and not about whether the BTC price is out performing blah blah blah asset within a week or some other irrelevant made up bullshit parameter that hardly means much of anything unless it is merely understood to be with consolidation zone and a battle for whether the bottom is in or not.

Surely a somewhat interesting dynamic going on in bitcoin in recent times, happens to be that it is gravitating quite a bit at the lower end of a consolidation range that might be characterized as $18k to $25k.. and so yeah, if we were in the middle of that consolidation range (which we are not), there may well be more comfort, but even the middle of the range does not seem to be enough in order to have any kind of confidence that there might be temporary "stability" - if such a thing exists? - in such consolidation range.. so maybe gravitating towards a wee bit higher of a consolidation range that mostly keeps BTC prices higher than the 200-week moving average would seem a bit more "stable" and necessary.. but can we expect what needs to happen to actually happen?.. It is possible that maybe we (in BTClandia) are no longer going to be experiencing consolidation zones that are located above the 200-week moving average and there are more DOWNity forces on bitcoin in recent times and in upcoming times that affect future BTC dynamics.. Perhaps? perhaps?...

I have my doubts about BTC prices continuing with long-term consolidations below the 200-week moving average, but hey?  what do I know...?  Just going with my assessment based on history, and one thing that we should know about history, is that the present and the future could cause the parameters of (previous) history to change.

Not that Macro-systems give any shits about me, I would prefer no collapse.  A collapse would not be good... even though there may be some attempt to do a controlled collapse.. as part of the dollar milk-shake theory - if such a thing is even possible?

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[ChartBuddy]

Explanation

[Torque]

Not that Macro-systems give any shits about me, I would prefer no collapse.  A collapse would not be good... even though there may be some attempt to do a controlled collapse.. as part of the dollar milk-shake theory - if such a thing is even possible?

Dollar milkshake alive and well...

[Lucius]

The mystery of the Nord Stream explosion is finally solved, and it was so obvious...

   


Meanwhile, some people do not understand why Bitcoin still holds its value

[Ami0]

[Gachapin]

The mystery of the Nord Stream explosion is finally solved, and it was so obvious...

 


Meanwhile, some people do not understand why Bitcoin still holds its value

I heard they found Putin's passport at the scene...

[ChartBuddy]

Explanation

[Cryptolove20015]

New news:  50 MILLION users in Kenya now have access to Bitcoin and Lightning payments through M-PESA and Bitnob integration

Source: Bitcoin Magazine

[xzy887]

[Cryptolove20015]

Bank of England to restart QE, buy UK government bonds.

Source: Bitcoin Magazine

[cygan]

[ChartBuddy]

Explanation

[LFC_Bitcoin]

Life looking pretty bleak for most people in the current climate (luckily not bitcoin OG’s).
Here’s a little joke I saw which will hopefully put a smile on even one face if you’re stuggling.


@BTCnHODL
I told my boss I needed a pay rise and that 3 other companies were after me.

Boss: “Which ones?”

Me: “Gas, electric, water.”
https://twitter.com/btcnhodl/status/1575119771678416897


Remember, bitcoin is your lifebelt, boys. Keep stackin’ those sats.

[eXPHorizon]

Why not finally release Exodia?

[vapourminer]

I finally managed to quit cigs a couple months ago, had been toying with quitting for months before then. The only problem is I switched to vape and after a while vaping started to cause a slight pain in my left abdomen, kind of gross... I need to quit it altogether.

Quitting smoking and vaping will make your health better and your daily expenses more efficient.

I have quit smoking for the past year. You know, the money that I should have spent on buying cigarettes I saved savings little by little. Then when my savings opened, I immediately invested in Bitcoin. I will hold on to it for the long term because I firmly believe Bitcoin will hit a new ATH again.

nice.

i smoked analog cigs for 30 years, then vaped for 10. plus smoking weed. this resulted in me blowing a lot of disposable income that could of been better used (bitcoin obviously).. and also earned me COPD and asthma. i now have around 66% of my lung capacity. i have an inhaler but rarely use it, once or twice a week maybe when im outdoors landscaping and such.

now, ive quit vaping and use tinctures and edibles for weed. so thats cool.

tldr: yeah smoking sucks. just dont.

[Biodom]

lol. Coming to a Central bank near you soon.

https://www.zerohedge.com/markets/bank-england-capitulates-restarts-qe-due-significant-dysfunction-bond-market-material-risk

Funniest shit I've read in days.

ALL of them either don't know what they are doing or cannot predict the consequence of their actions, imho.
Considering BOE move, i just cannot see 75bp at the next FED meeting, especially if October inflation readings will be benign.
If they try 75, I believe that the markets would teach them a lesson.
Something would become broken and they would be also forced to do an "invervention" and that point ALL credibility would be lost.

At which point people en masse would start figuring out that bitcoin has a monetary policy that could be relied on?
I am still waiting...and waiting.

[eXPHorizon]

Nikola Tesla once said : Real Miracles requite faith and significant investment

[OutOfMemory]

8 Bil people thinking: I aint givin a rats ass about some digital coins. When the money goes to hell ima be enjoying in some food and water while ya rats asses be yapping how ya wasted ya money on some digital fantasy money. Yeehaw its good to be normal

You are confusing "normal" with "ordinary", as most ordinary peeps do.
But then you claim to be extraordinary quite often...
In fact, we were not born to be "normal", so better try to make your mum proud and be somebody that will be remembered in a good way by your (future) children.

I finally managed to quit cigs a couple months ago, had been toying with quitting for months before then. The only problem is I switched to vape and after a while vaping started to cause a slight pain in my left abdomen, kind of gross... I need to quit it altogether.

Quitting smoking and vaping will make your health better and your daily expenses more efficient.

I have quit smoking for the past year. You know, the money that I should have spent on buying cigarettes I saved savings little by little. Then when my savings opened, I immediately invested in Bitcoin. I will hold on to it for the long term because I firmly believe Bitcoin will hit a new ATH again.

Congrats!
I'm also glad to having quit smoking over ten years ago. So much more quality of life
Still, i do sink some money by vaping weed, but luckily i pay less than half of street price for bio quality stuff.

[ChartBuddy]

Explanation

[ajiz138]

BUY,, BUY,, BUY - After 100k it's a tough decision