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

[jojo69]

[Copetech]

Are we Bulls again?

Short-term I'm not convinced this bounce will create a new high. Closing the day above $21.3K could change my mind though, as this would be above the previous highest close of November. Likewise closing the week above $20.9K would also achieve this same affect as this was previous highest weekly close. At least now after some consolidation there's room for the Daily RSI to return to 90 in the $22K-$23K range it seems.

For the immediate term I'm back to being neutral while price consolidates between $20.5K and $21.5K. I think that's the sensible/conservative approach for the moment. Still only looking for a(nother) short-term short position though while price remains overbought, but clearly not while price is moving back to the upside. Correction to around $19.5K before further upside would be healthiest scenario imo.

So... I'm guessing converting $22k resistance into support and closing around $22.3k would also be an "optimistic" sign in your view?

[shahzadafzal]

$22k done.

What’s next?

[vroom]

$22k done.

What’s next?

$23k?

https://www.wikihow.com/Count-to-One-Hundred

 

[dragonvslinux]

Are we Bulls again?

Short-term I'm not convinced this bounce will create a new high. Closing the day above $21.3K could change my mind though, as this would be above the previous highest close of November. Likewise closing the week above $20.9K would also achieve this same affect as this was previous highest weekly close. At least now after some consolidation there's room for the Daily RSI to return to 90 in the $22K-$23K range it seems.

For the immediate term I'm back to being neutral while price consolidates between $20.5K and $21.5K. I think that's the sensible/conservative approach for the moment. Still only looking for a(nother) short-term short position though while price remains overbought, but clearly not while price is moving back to the upside. Correction to around $19.5K before further upside would be healthiest scenario imo.

So... I'm guessing converting $22k resistance into support and closing around $22.3k would also be an "optimistic" sign in your view?

Personally I don't see $22K as resistance, maybe more like $22.8K which was the September high, but not convinced that would hold back price either. I only really see 90 RSI as "temporary" resistance level for overbought levels for now, but currently we're at 85 so have further to go than expected. Everything above $21.5K looks bullish to me for now, as this would create new high closes on Daily/Weekly time-frames.

[LFC_Bitcoin]

@MoheganBTC

BTC $22K


https://twitter.com/moheganbtc/status/1616535644834070549

[sirazimuth]

$22k done.

What’s next?

$23k?

.....

Well for me personally, empty the dishwasher and scoop out the cat shitter box...oh joy.

[ChartBuddy]

Explanation

[shahzadafzal]

$22k done.

What’s next?

$23k?
.....

Well for me personally, empty the dishwasher and scoop out the cat shitter box...oh joy.

Oh boy so I’m not alone… kill me…!!!

But how long have we waited for this? Since August 2022 almost 154 days?

[sirazimuth]

[philipma1957]

some rather be lucky than good.


If he is really lucky we go over 25k before  it clears tomorrow .

it is freshly mined so it need a lot of confirms to be liquid

https://www.blockchain.com/explorer/addresses/btc/1CEmkQkgiCMx6DHSDkHi53mL8oEthCZSw

[shahzadafzal]

Yeah right my guess is we do 22,222.22 before we hit your number.

Are you satisfied philipma1957?

[philipma1957]

Yeah right my guess is we do 22,222.22 before we hit your number.

Are you satisfied philipma1957?

22,222 is not as satisfying as the mofo that just hit the block with 10th 

[sirazimuth]

some rather be lucky than good.


If he is really lucky we go over 25k before  it clears tomorrow .

it is freshly mined so it need a lot of confirms to be liquid

https://www.blockchain.com/explorer/addresses/btc/1CEmkQkgiCMx6DHSDkHi53mL8oEthCZSw

Even back in the day I wasn't foolish enough to solo mine bitcoin. (I did solo mine and hit several blocks, albeit, obviously it wasn't bitcoin. Enough said, or I get a batslap)
One might as well buy a Powerball lottery ticket every 10 minutes, same difference.
Though ateotd, I suppose it all depends on how many tickets one buys or how much hash power one has.
Regardless, well done to the solo miner, you lucky bastard..... Now be smart and switch to a pool.

Yo Buddy...keep it coming....

GO BITCOIN

 

[ChartBuddy]

Explanation

[philipma1957]

well we got by 22222.22

next stop by monday maybe 25252.52

while I wanted to slide sideways under 20k longer than it has my dca my buy the dip and my buy more gear moves all look okay for now.

oh sold two gpus in two days. looking to sell a dozen so ten to go..

[JimboToronto]

How pleasant. I wake up from a nice air-conditioned siesta to see a lovely new AYH. How agreeable.

What did Warren Buffett say about making money while you're sleeping?

Yesterday's little hiatus was just a rest stop, a breather on the way, a chance to pause and see the scenery.

Let's hope the AYHs keep coming until they morph into ATHs.

Go Bitcoin go.

[Hueristic]

Car drove into barricade outside Bankman-Fried's home, lawyers say

lawyers for the 30-year-old onetime billionaire said three men got out of the car and told a security officer guarding the Palo Alto home, "You won't be able to keep us out."

Sounds like staged bullshit to manipulate.

The lawyers, Mark Cohen and Chris Everdell, in part argue that the court should not unseal the names because doing so could threaten the individuals’ safety. As proof, they cited an incident where a black car drove into a metal barricade erected outside the Bankman-Fried residence. The lawyers said three men exited the car and told a security guard “something to the effect of: ‘You won’t be able to keep us out.'”

No-one rolls up and threatens at a barricade that they actually intend to attack.

https://abcnews.go.com/Business/wireStory/bankman-frieds-lawyers-car-hit-barricade-home-96571829

[ChartBuddy]

Explanation

[fillippone]

Wen page parity?