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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26389994 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
Hueristic
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January 20, 2023, 10:39:56 PM
Merited by JayJuanGee (1)

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

Quote
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.

Quote
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

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January 20, 2023, 11:01:16 PM


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January 20, 2023, 11:12:18 PM
Merited by JimboToronto (1), xhomerx10 (1)



Wen page parity?
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January 21, 2023, 12:01:20 AM


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January 21, 2023, 12:23:08 AM
Merited by JimboToronto (1)

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.

I think they will. This will likely be a year of recovery in my opinion and I’ll be surprised if we don’t end it above $30,000. At the rate we’re going, we may end the quarter above $30,000. We’ll have to wait and see how high we go from here, but I suspect there is a lot of Bitcoin that still needs to be scooped up by intermediaries before everyone who thinks they own Bitcoin actually has Bitcoin backing their deposits.
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January 21, 2023, 12:38:49 AM

Page parity on my wife's birthday this march works for me.
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January 21, 2023, 01:01:16 AM


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January 21, 2023, 02:01:16 AM


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January 21, 2023, 02:04:21 AM

Good morning Bitcoinland. Greetings from sunny Playa del Carmen.

Other than a small dose of Montezuma's Revenge, been enjoying our stay here...

I took some holiday pics recently.

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January 21, 2023, 02:27:04 AM




Wo pummm Bitcoin.
Running price 22,6k dollar 💰...
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January 21, 2023, 03:01:20 AM


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January 21, 2023, 03:52:09 AM
Merited by xhomerx10 (1)

back over 21k and a reverse bart

Precisely. No bart battern back down to $16K or anything like that quite yet. Only time will tell...

This is either a great sign that we're still in accumulation mode and are about to see another leg up, or a bull trap with a Bart Simpson pattern in the making.


I like reverse bart moves.

I am hoping for reverse bart into a power flag



man exactly that:

a reverse bart into a power flag.  with the assist from homerx10


this looks very nice indeed.




go BTC go!!

took under 30 hours to do it.
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January 21, 2023, 04:01:16 AM


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January 21, 2023, 04:04:22 AM

Ain’t it strange that the price is not falling despite the Genesis news?
Maybe this has something to do with it.
https://www.bbc.com/news/technology-64338010
Quote
Bankrupt crypto exchange FTX's new chief executive, John Ray, is looking into the possibility of reviving the platform.

He told the Wall Street Journal (WSJ) that he has set up a taskforce to explore restarting FTX.com to "recover more value" for people who lost money.
Quote
Mr Ray is exploring the idea of resurrecting the platform instead of simply liquidating assets or selling the platform, according to the WSJ report.
https://finance.yahoo.com/news/lithosphere-litho-blockchain-developer-plans-060000354.html
Quote
Seattle, Washington--(Newsfile Corp. - January 19, 2023) - Lithosphere blockchain core developer KaJ Labs is willing to help Digital Currency Group (DCG) with its insolvency issues by extending a credit facility of $830 million.
The food can become shit but shit can't become food.
hmm..shit literally becomes food in some situations...ask any farmer.

that said, I don't care about future of FTX one bit and so will other people with any residual memory of 2022 happenings.
One additional comment: the field as a whole shot itself in the foot with hypefinancialization.
It seems that almost no lending company left standing apart from small Nexo (so far) and maybe Galaxy Digital, which shriveled, but not died.
It might be good for bitcoin in longer term, though.

I recall a lot of exchanges going down, and when there are liquidity issues or something that might cause concerns about the loss of bitcoin (or other value on the exchange), then generally speaking members of the public (especially people holding value on the exchange) will generally want the exchange to open up, and surely there are likely a lot of WO members who don't want to admit that they lost value by having some "coins" with FTX - yet even if we have not been witnessing too much sympathy for FTX, their level of fraud seems to be heads and shoulders above some of the earlier day shenanigans that had not been so much in your face in regards to either their shenanigans or their attempts to curry favor from regulators and government officials.  So there seems to be way more suspicion regarding whether any aspect of FTX's operation might have been legitimate.. and I suppose if they were to reopen, then that would bring back some legitimacy to their reputation - and people will likely use their services, but still practically, it seems quite pie in the sky that they would actually reopen - like they would really need to be careful in terms of running a squeaky clean operation.. and maybe even be limited in terms of the kinds of products offered..

Maybe I should just say, I will believe it when I see it, but it seems quite surprising to be suggesting reopening, at least the FTXUS division as one of the options that they are considering to be possible. They would also have to get court approval, too... and maybe even have quite a bit of court oversight.  Not impossible, but still too early to know  how they would be planning to balance some of the possible issues involving a reopening, if it were to actually be feasible.

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.

Your post did not age too well, so hopefully, you did not put too much on that short. Otherwise you will end up in the gutters with TrustedBitcoiner.. and will any of us HODLers remember who you were, once?

 Cheesy Cheesy Cheesy Cheesy

Ain’t it strange that the price is not falling despite the Genesis news?
Not really...  The problem is that Genesis doesn't have the BTC to meet their deposit obligations.  That means they need more BTC and don't have enough.  I don't think this will result in a large amount of BTC hitting the market.  Actually, it will probably result in more BTC being taken off the market as those who depended on Genesis to hold their customer deposits will now have to go purchase BTC on the open market to meet their obligations with their depositors.  It's like a game of musical chairs and you don't want to be the guy left with no BTC when the music stops.  A lot of entities that relied on income from Genesis for their operations are now left scrambling to make their customers whole, which means there will be more failures without the price dropping.

The real question is, do you own any BTC or do you think you do?

You seem to have a good point OgNasty, including that any market is NOT necessarily go in the direction that seems fair, and there are decent odds that the BTC price ends up going into punishment mode and then we personally witness the effects of the supply shock.. and in which direction is the price movement the most painful?  Perhaps up is going to be pretty painful. especially when market participants keep saying that it's gotta correct at some point, and it seems that we witnessed that on several occasions in the past in which market participants keep saying that it has gotta correct at some point, and then it keeps NOT correcting, as so many smart people believe would be the most logical thing.. and who proclaimed that king daddy is logical?

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

It's likely that we have to take this kind of news with a grain of salt in regards to whether it is actually true, and Sam might even want to set up his own drama scenarios... even though I would imagine that there are quite a few people who would like to get a piece of him.
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January 21, 2023, 04:15:24 AM

back over 21k and a reverse bart

Precisely. No bart battern back down to $16K or anything like that quite yet. Only time will tell...

This is either a great sign that we're still in accumulation mode and are about to see another leg up, or a bull trap with a Bart Simpson pattern in the making.


I like reverse bart moves.

I am hoping for reverse bart into a power flag



man exactly that:

a reverse bart into a power flag.  with the assist from homerx10


this looks very nice indeed.




go BTC go!!

took under 30 hours to do it.

 
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January 21, 2023, 04:38:22 AM


Oauch!!!!

That's kind of morbid.

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

Why so negative? 

You got ur lil selfie a bitcoin-themed walkway and an elevated room that still doesn't have a purpose... like a blank-slate.

What else could you ask for?

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..

This is one of the risks of selling on the way down and then believing that you "have time" to accumulate.

Don't be fogging the facts with mining information which should be another set of considerations that you do not necessarily intermingle with long term BTC stash accumulation, maintenance and liquidation considerations.  Like I mentioned several times, at your age and your time in bitcoin, you should not be in a bitcoin accumulation.. and also selling on the way down is not generally a good practice, unless you buy back quickly.. (in other words, friends do not tell friends to sell BTC on the way down).

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.
I think they will. This will likely be a year of recovery in my opinion and I’ll be surprised if we don’t end it above $30,000. At the rate we’re going, we may end the quarter above $30,000. We’ll have to wait and see how high we go from here, but I suspect there is a lot of Bitcoin that still needs to be scooped up by intermediaries before everyone who thinks they own Bitcoin actually has Bitcoin backing their deposits.

In recent times, I have been thinking about these kinds of BTC price dynamics, too. 

Of course, no two periods are going to be exactly similar, but in 2015, we had the fake out that was a near BTC price doubling from the mid $200s to $500 within about two months.. but then we had about a 6 month break before breaking above $500. and then returning to nearly $500 again due to Bitfinex hack situation... so sometimes things are not quite resolved, which could be something similar to what we have here..

And of course the comparison to the early 2019 pump seems a bit too much, but might not be completely impossible given the number of BTC that have been removed from the exchanges or otherwise removed from being for sale in the past year.. and maybe moreso in the past 6 months.

Page parity on my wife's birthday this march works for me.

Maybe?  but you might be thinking about these matters too gradually, we might get a shoot up and then a shoot down, but hey, I don't claim to know nuttin.. and it could be that this is the top for 6 months or so, even though there are more and more feelings that maybe the bottom might be in.. I still will not feel comfortable about the bottom being in until we first get above the 200-week moving average.. and then maybe even get above $30k.. ... and again.. time plays into this?  When might it be possible?  Surely March is possible.. but that seems kind of gradual and stable, and if you had not noticed, king daddy does not tend to like to do gradual and stable (except when it does).
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January 21, 2023, 05:01:16 AM


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January 21, 2023, 06:44:04 AM



Wo Buddy pummm Bitcoin....
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