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

[DaRude]

.....Now Italy has voted for populists in the hope they can do something. That will end it tears, most probably.

Gee, I wonder why??


https://en.wikipedia.org/wiki/Demographics_of_Italy

In reality, it has little to do with it.
It's the dividend of being at the opposition during the difficult time of the COVID and energy crisis.

But good luck to Giorgia Meloni and his friends this winter, when things will inevitably heat up! (pun intended!).

Not sure how many other countries going neo-fascist due to covid response? Are you sure it's not just social and financial pressures leaving majority confused and looking for answers, opening a door wide open to any populist that claims to have a simple solution to everyone's problems preferably which can fit on a cap?


In other news,

The pound’s slide works to the benefit of American tourists, as it allows their dollars to go further.
...
The greenback is up more than 19 percent against a basket of foreign currencies so far this year, which should help reduce U.S. inflation by making imported products more affordable. But at the same time, the stronger dollar is causing problems for U.S. trading partners.
...
chancellor of the exchequer, or finance minister, announced a package of cuts worth 45 billion pounds ($48 billion) — amounting to the biggest shake-up to the British tax system in 50 years.
...
Under Truss, the government has slashed the top income tax rate of 45 percent for those making more than 150,000 pounds ($160,000) a year and scrapped the cap for banker bonuses — moves that will predominantly help more-affluent citizens in hopes that they will increase their spending.
...
In a broader-reaching measure, the government will cap energy bills starting in October — at a cost of 60 billion pounds for six months.

https://www.washingtonpost.com/world/2022/09/26/uk-gbp-pound-falls-usd-dollar/

So borrow more to subsidize energy bills of the poor, cut taxes for the bankers, and make American tourists happy tada! everyone wins right, surely no category of people somewhere in the middle is left out of this great plan? At least the queen doesn't get to see GBP-USD parity.

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[philipma1957]

₿itcoin is the pin.
Everything else is a bubble.



https://twitter.com/BTC_Archive/status/1574446622754365445?t=izUPP64wVRygJpoXeShx7g&s=19

maybe  or maybe the pin is cash and the bubble is btc

I can tell you this fed will try popping btc with many more interest moves.

[cAPSLOCK]

Come on ChartBuddy
Stop dominating this thread
Stopping you at four

I think if I ask ChartBuddy to stop, it won't stop. Because his posts are robotic. He always gives us bitcoin news in a somewhat robotic way. I can't find any other posts on his account.
So I don't think he can be stopped.

Why don't you write a haiku for us please.

Chart buddy is here.
Whether we like it or not!
Here's to liking it!!!

[cAPSLOCK]

Hi peeps, we are about to see a breakout on this trendline. I am sure you all did your bitcoin shopping and now ready to take off

Update
[im width =100]https://s3.tradingview.com/snapshots/2/2btiSjNk.png[/img]

I shopped in 2011, thanks.  And 2102... 13, 14... 15 . well, yeah.. 16... 17 ... well then in 17 I took a trip to hawaii on bitcoin... whoops.  But then, in 2018, then 2019, 20, 21. 22....

Do I qualify?

Not meaning to be snarky.  I just mostly hold my tongue.

[ChartBuddy]

Explanation

[JayJuanGee]

₿itcoin is the pin.
Everything else is a bubble.



https://twitter.com/BTC_Archive/status/1574446622754365445?t=izUPP64wVRygJpoXeShx7g&s=19

maybe  or maybe the pin is cash and the bubble is btc

I can tell you this fed will try popping btc with many more interest moves.

They're trying doesn't mean that they will be successful.  We have seen it before when the bears get too cocky..and then they have to end up chasing king daddy because they were too busy preparing for DOWNity instead of sufficiently and adequately preparing their lil selfies for UP.

Hopefully you are not one of those guys chasing after the train, again... philip...


Like these guys..





I doubt that guys are here in this thread because they want to make sure that they have enough dollars and that they are able to get some yield on their dollars because "The Fed" is currently giving good incentives for them to "invest in America."

Don't get fooled into missing what may well be the greatest investment opportunity in our lifetimes - and especially available to normies, which most other investments have not been very available to normies to be able to buy small amounts and to keep it stashed away through their own holding abilities, even though there is a bit of a learning curve, still, in regards to how to hold the my lil precious that you are able to accumulate.

[xhomerx10]

[OgNasty]

I’m somewhat surprised by the strength we’re seeing in the Bitcoin market right now. It is behaving like a safe haven suddenly while pretty much everything else is selling off. I’m not sure this can be sustained, but if so I would love to be wrong. Keeping my eye on this decoupling to see if this is a fluke or if we’re about to see Bitcoin buck the trends of past to make a run here.

[xhomerx10]

I’m somewhat surprised by the strength we’re seeing in the Bitcoin market right now. It is behaving like a safe haven suddenly while pretty much everything else is selling off. I’m not sure this can be sustained, but if so I would love to be wrong. Keeping my eye on this decoupling to see if this is a fluke or if we’re about to see Bitcoin buck the trends of past to make a run here.

Fluke?  Folks've finally figured fiat's fu¢ked!

[ChartBuddy]

Explanation

[nutildah]

Meh. We need a clean break above $24.5k for this to be more than just another wave in the wavy part of the rollercoaster.

Although the up part of the wave always feels better than the down, that's for sure.

[Gachapin]

It's just a matter of time until "money" (aka endlessly abundant fed-shitcoin) will flow into BTC like crazy.  
But I wouldn't get too excited just yet...

Even though the light decoupling right now is a glimpse of hope...

[ChartBuddy]

Explanation

[Toxic2040]

[ChartBuddy]

Explanation

[Rehan Zakir]

Bitcoin price chart



After forming a base above the $19,000 zone, bitcoin price was able to gain strength. There was a clear move above the $19,250 resistance zone and the 50-hour simple moving average. The price cleared a short-term contracting triangle at $19,250 on the hourly chart. It is now trading well above the $19,500 resistance. On the upside, the price is facing resistance near the $20,000 level. The next major resistance is near $20,500, above which the price might rise to $20,850. Any more gains might send the price towards $21,200.

On the downside, an initial support is near the $19,500 level. The next major support is near the $19,150 zone, below which the price could struggle to stay above $19,000.

Ethereum price chart



Ethereum price also followed a similar pattern after it was able to clear the $1,335 resistance zone. There was a clear move above a major bearish trend line at $1,335 on the hourly chart and the price settled above the 50-hour simple moving average. ETH is now rising and facing resistance near the $1,380 level. The next major resistance is near the $1,410 level, above which the price could visit the $1,450 resistance.

On the downside, an initial support is near the $1,345 level. The next major support is $1,300, below which price could test $1,250.

Information source: https://cryptonews.com/news/bitcoin-price-ethereum-gain-strength-lunc-luna-rally.htm

[Hueristic]

JUST LOL!




Being sold by the Celcius people that Bankrupted their idiot followers.
https://twitter.com/usastrongIO/status/1567617392456368129

[Crypt0S0ul]

Brazil's most prominent digital bank Nubank hits over 1.8 MILLION Bitcoin and crypto users in under three months

That's Massive. Isn't it?
The British pound is down 12% since the Bank of England Governor said "Be prepared to lose all your money" in Bitcoin and crypto.

Hehe. A Savage reply from Bitcoin Community.  USD already hit ATH against the British pound.

https://twitter.com/BitcoinMagazine/

[ChartBuddy]

Explanation

[Ami0]

”Bitcoin doesn't care what you've done, where you're from, what skin color you have or how you identify yourself. That's what makes Bitcoin the best money. It's objective and not dependent on the whims of fallible human beings”

Jimmy Song