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

[ivomm]

This liftoff has a lot of similarity to April 2019.
In 2019 the initial pump was from about $4K to $5.2K, then continued to $13.8K.
If we literally translate %, then initial spike (from 16.69K to 21.05K) was similar-26.7% in 2019 and about 25.8% here.
In 2019 the "pump" continued for another 166%, and with similar percentages we would be at $55.8K at the "local" pre-peak this year.
That would be tremendous, but kind of high end of my expectations for this early in a bull cycle, unless this bull will be much stronger than 2019-2021.
Length-wise, if we repeat (it was 3mo minus 5-6 days in 2019), in would be over by about last week of March-first week of April.
Since March 31 is the end of Q1 and April 15-18 is a typical tax day in US (this year it is on 18th), is kind of logical to expect something in that vicinity.

Was it 2019 or 2015 when there was the rumor that the first pump after the bear was facilitated by the one coin scam?

That was 2015 I think. In 2019 there was something else, can't remember what exactly, but some group of people managed to get a shitload of coins somehow and were meant to be distributing from the 13k area all the way to the covid crash. I remember people on this forum posting reports of whenever they moved coins.

https://coinmarketcap.com/alexandria/article/the-onecoin-scam-the-dazzling-story-of-the-biggest-crypto-ponzi-in-history

First of all, 1-day chart in the last week looks absolutely hyperbolic! This is BTC we know and love! As for the reasons of 2019 pump, you are confusing onecoin scam which has nothing to do with BTC. Onecoin is related to Ruja - a bulgarian (shame for me, being from this country), who got popular and friend with many politicians including the president. In 2017 she dissapeared with 4bil euro stolen from investors in onecoin. Recently she claimed an appartment in London, which means she is alive and well. I'm amused how Interpol and FBI couldn't find her yet. None of her property in Bulgaria is confiscated. She could live easily still here surrounded by an army of bodyguards. I've seen her many times with her baby in 2017, because it happens that I stayed in a hotel near her beach villa in the best seaside location in Bulgaria. I think she had around 20 bodyguards, but neighbours say they were at least 90.

Regarding the 2019 pump, I remember there was a Chinese ponzi, which avoided somehow BTC ban by offering shares not related officialy to BTC. In fact it was making profits by buying real BTCs until the sell pressure got them exposed. Coinbase also played the usual negative role, since in the last day of the pump which was above 30%, Coinbase froze for several hours causing panic. And this lead to the first crash which neutralized the dayly gains.

I won't be surprised if this current pump is also caused by a bad player. Hopefully it will last for another month or two before the bear market resumes. In this case, we may see prices above 30K and if there is another final 30% daily pump even above 40K for awhile.

[Tipeform$]

Retweet if you're bullish on #bitcoin   


Source

now on our Bitcoin market is on the rise.

Bullish market on..

[Gachapin]

This liftoff has a lot of similarity to April 2019.
In 2019 the initial pump was from about $4K to $5.2K, then continued to $13.8K.
If we literally translate %, then initial spike (from 16.69K to 21.05K) was similar-26.7% in 2019 and about 25.8% here.
In 2019 the "pump" continued for another 166%, and with similar percentages we would be at $55.8K at the "local" pre-peak this year.
That would be tremendous, but kind of high end of my expectations for this early in a bull cycle, unless this bull will be much stronger than 2019-2021.
Length-wise, if we repeat (it was 3mo minus 5-6 days in 2019), in would be over by about last week of March-first week of April.
Since March 31 is the end of Q1 and April 15-18 is a typical tax day in US (this year it is on 18th), is kind of logical to expect something in that vicinity.

Was it 2019 or 2015 when there was the rumor that the first pump after the bear was facilitated by the one coin scam?

That was 2015 I think. In 2019 there was something else, can't remember what exactly, but some group of people managed to get a shitload of coins somehow and were meant to be distributing from the 13k area all the way to the covid crash. I remember people on this forum posting reports of whenever they moved coins.

https://coinmarketcap.com/alexandria/article/the-onecoin-scam-the-dazzling-story-of-the-biggest-crypto-ponzi-in-history

First of all, 1-day chart in the last week looks absolutely hyperbolic! This is BTC we know and love! As for the reasons of 2019 pump, you are confusing onecoin scam which has nothing to do with BTC. Onecoin is related to Ruja - a bulgarian (shame for me, being from this country), who got popular and friend with many politicians including the president. In 2017 she dissapeared with 4bil euro stolen from investors in onecoin. Recently she claimed an appartment in London, which means she is alive and well. I'm amused how Interpol and FBI couldn't find her yet. None of her property in Bulgaria is confiscated. She could live easily still here surrounded by an army of bodyguards. I've seen her many times with her baby in 2017, because it happens that I stayed in a hotel near her beach villa in the best seaside location in Bulgaria. I think she had around 20 bodyguards, but neighbours say they were at least 90.

Regarding the 2019 pump, I remember there was a Chinese ponzi, which avoided somehow BTC ban by offering shares not related officialy to BTC. In fact it was making profits by buying real BTCs until the sell pressure got them exposed. Coinbase also played the usual negative role, since in the last day of the pump which was above 30%, Coinbase froze for several hours causing panic. And this lead to the first crash which neutralized the dayly gains.

I won't be surprised if this current pump is also caused by a bad player. Hopefully it will last for another month or two before the bear market resumes. In this case, we may see prices above 30K and if there is another final 30% daily pump even above 40K for awhile.

I totally mixed up the scams... thanks for clarification!

[dragonvslinux]

when btc starts to fall back down to earth....

lol
good luck with your short....

Depends how you're shorting. Bitcoin dominance up 4% this week and also appears to be breaking out to the upside, some larger altcoins holding strong against Bitcoin, others falling hard despite dollar "gains". Again this has all the hallmarks of a trend reversal, Bitcoin pumping and alts lagging. Shorting alts in 2019 for satoshi profits was magnificent. Hopefully this year will be the same.

Yes that's true.  But I think he shorted Bitcoin.


( I lold because Bitcoin being down to earth means < 20k to him, and because he wrote "when" and not "if"... like he could be sure of it. ....  since his short is under water it all comes off as rather wishful thinking )

Fair enough, I don't know this character admitedly. I assume they are a noob who came late to the bear party but could be wrong.

Tbf I think $20K is a pretty fair price right now, it's around the average of the past 7 months ($19.5K) as well as in the middle of where most of the volume is. But then again Bitcoin doesn't have to play fair. Especially if there are more shorts trapped above $21.5K (November high) then that could be an easy liquidation hunt in the short-term prior to a correction. Some sort of fake break-out seems likely now.

I was in a short at $20,850 yesterday but got out once I saw price continuing to move sideways as well as relatively strong close yesterday. If there is a short available for the short-term (even just as a hedge) I don't think it will be til next week. Too low volume right now and bears not showing any selling strength. Despite how oversold price is on Daily time-frame.

Also longer term investors will probably start buying up prices ahead of a strong weekly close towards the end of the day. That'd be my guess. Then something corrective next week...

[Gachapin]

when btc starts to fall back down to earth....

lol
good luck with your short....

Depends how you're shorting. Bitcoin dominance up 4% this week and also appears to be breaking out to the upside, some larger altcoins holding strong against Bitcoin, others falling hard despite dollar "gains". Again this has all the hallmarks of a trend reversal, Bitcoin pumping and alts lagging. Shorting alts in 2019 for satoshi profits was magnificent. Hopefully this year will be the same.

Yes that's true.  But I think he shorted Bitcoin.


( I lold because Bitcoin being down to earth means < 20k to him, and because he wrote "when" and not "if"... like he could be sure of it. ....  since his short is under water it all comes off as rather wishful thinking )

Fair enough, I don't know this character admitedly. I assume they are a noob who came late to the bear party but could be wrong.

Tbf I think $20K is a pretty fair price right now, it's around the average of the past 7 months ($19.5K) as well as in the middle of where most of the volume is. But then again Bitcoin doesn't have to play fair. Especially if there are more shorts trapped above $21.5K (November high) then that could be an easy liquidation hunt in the short-term prior to a correction. Some sort of fake break-out seems likely now.

I was in a short at $20,850 yesterday but got out once I saw price continuing to move sideways as well as relatively strong close yesterday. If there is a short available for the short-term (even just as a hedge) I don't think it will be til next week. Too low volume right now and bears not showing any selling strength. Despite how oversold price is on Daily time-frame.

Also longer term investors will probably start buying up prices ahead of a strong weekly close towards the end of the day. That'd be my guess.

seems he was already under water at around 17.5k

holy crap

my short isnt looking so good  

I guess many are still waiting at the side line, so with the buybacks we could easily see 30k+ in a month.  

20k is certainly (very) fair for the buyer    I think 20k is way undervalued and only possible because all the lender collapses.

[ChartBuddy]

Explanation

[ImThour]

Bitcoin 1 Week Chart and 1 Day Chart shows Hash Ribbon Buy Signal.

[JayJuanGee]

the sl program is available on most linux/bsd distributions as package/port, i.e. on debian based systems just 'apt-get install sl', the rest is just 'alias btc-price=sl -l'

The other direction for that train would be MOAR better.

I find this kinda nitpicking, but not going to argue there, lets go the other way then.

That's the spirit!!!!!!

 

So, is the bottom in ?

I guess so..

it would really crush souls if this was a fake-out and we made a new low in the next months...  

When I look at the charts, it looks so good until you zoom out.

Accordingly, I have difficulties feeling comfortable until at minimum we get above the 200-week moving average and stay above there for a decent amount of time.. perhaps forever?, but I am likely going to need somewhere sufficiently higher than the 200-week moving average to feel comfortable and confidence.... and I suppose it is a product of both time and price.. but supra $30k would help me to feewls MOAR betters.... for yours truly.  

Maybe I am too picky?  

That's what grandma said when I threw the cookies and milk on the floor and demanded bacon and eggs.  

So, is the bottom in ?

I guess so..

it would really crush souls if this was a fake-out and we made a new low in the next months...  

I guess bottom was missed by most of us people at 16k. Now, RUN BTC RUN...

That's how dee king daddy rolls... doesn't everybody nobody know dat?

So, is the bottom in ?

I guess so..

it would really crush souls if this was a fake-out and we made a new low in the next months...  

I guess bottom was missed by most of us at 16k. Now, RUN BTC RUN...

Nope!.. who is this “us”?

DCA and you never need to worry about #FOMO

DCA has the real charm of bitcoin investment.

Putting 100$ in bitcoin every month for three years gives:

"Wow! Buying $100 of Bitcoin every month for 3 years starting 3 years ago would have turned $3,600 into $7,387 (+105%)" https://dcabtc.com/

Well try that same thing over the last 9 years, even though I personally prefer weekly, but it will still work for $25 per week, and that would get you $11,750 invested and 11.2451 BTC.  Not going to be outrageously wealthy, but at least it seems to be pretty good, and then also who the fuck should be expecting to get richie over $25 per week, except maybe in 20-30 years... even though bitcoin would have gotten you right around $233k based on our current BTC prices around $20,700.. so seems pretty damned good for an $11.75k investment....


......so good to have some patience young grasshopper.. especially if you would like to get some where in life in regards to wealth management and not spinning your wheels, whining and trying to find a negative spin when it appears that a gift horse is looking you right in the mouth.. if you would have a wee bit of vision in terms of trying to see what you got right in front of ur seemingly blind lil selfie..

[ChartBuddy]

Explanation

[shahzadafzal]

Decision has been made


https://www.reddit.com/r/Bitcoin/comments/10c070l/bitcoin_ceo/



Hey proudhon please enlighten us many days BTC can stay above $20k?

[Unknown Op]

TWITTER

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ThemePen]

It's up guys.. 

[xhomerx10]

Retweet if you're bullish on #bitcoin   


Source

now on our Bitcoin market is on the rise.

Bullish market on..

 Just remember boys, "Not your Keys..."

[ivomm]

ChatGPT shows how Donald Trump would explain #Bitcoin
https://twitter.com/WatcherGuru/status/1614284760960110592/photo/1

[AverageGlabella]

ChatGPT shows how Donald Trump would explain #Bitcoin
https://twitter.com/WatcherGuru/status/1614284760960110592/photo/1

Anyone else automatically read this in trumps voice?

[ChartBuddy]

Explanation

[AverageGlabella]

I am feeling very bullish this morning. I think we can get back to $30,000 in the next couple of months. I think by the end of March we will have recovered to there and at the end of the year we might push higher then the previous ATH. What do you think?