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

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[BobLawblaw]

Price of Bitcoin flows
Up and down with no pattern
Chaos never rests

[ChartBuddy]

Explanation

[Hueristic]

“The intelligence community, and the FBI in particular, has unnecessarily plundered the most private, sensitive information of American citizens, treating the Fourth Amendment with contempt,” says former Republican House Judiciary chair Bob Goodlatte, now senior adviser to the Project for Privacy and Surveillance Accountability. “Congress must add impenetrable guardrails to Section 702, requiring probable cause warrants to obtain Americans’ private information.”

https://arstechnica.com/tech-policy/2023/02/the-fbis-most-controversial-surveillance-tool-is-under-threat/

[ChartBuddy]

Explanation

[Biodom]

I dunno...in a game where people are crashing into each other and bodies are flying like bowling pins, somehow, a light barely visible touch was deemed a hold?
They obviously wanted to give it to Mahomes, don't know why. Want to build him up to be a new NFL superstar?
Sorry, I just check the youtube vid... not "my" sport.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[hisslyness]

This mempool is getting out of hand!.. philipma1957, need you to fire up those new rigs!

Thanks not how it works at all. Lol.

Seriously though, the ordinals “spam” on the blockchain is all at pretty low fees. I don’t think this will interfere too much with traditional transactions who can probably afford to pay a little bit more as blockspace was ridiculously cheap for a while. We’ll see how this plays out, but I’m not concerned for the network’s health quite yet.

I am not too concerned either!  Above quote was just humor!

I am little disappointed with some unreliable LN node operators!

I spent over 10,000SAT on local force closures!... Any profits this week/month is out the window! It never a good time to force close, but during a backlogged mempool, it is expensive!!

[xhomerx10]

Breaking news:

 Another UFO shot down:
https://www.cnn.com/2023/02/12/politics/lake-huron-high-altitude-object/index.html

 In other news:

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Paashaas]

Would love to see $10m per coin but $1m at the end of this decade is also fine with me.

Imagine those huge awe inspiring daily/weekly mega pumps..i believe it will happen one day and it will break the internet especially WO, that's for sure. lol.


https://twitter.com/adam3us/status/1624844122363244544

[ChartBuddy]

Explanation

[Gachapin]

Would love to see $10m per coin but $1m at the end of this decade is also fine with me.

Imagine those huge awe inspiring daily/weekly mega pumps..i believe it will happen one day and it will break the internet especially WO, that's for sure. lol.


https://twitter.com/adam3us/status/1624844122363244544

that time even today's merit beggars will be rich

[BitcoinBunny]

Breaking news:

 Another UFO shot down:
https://www.cnn.com/2023/02/12/politics/lake-huron-high-altitude-object/index.html

 In other news:

Interesting how almost all the "news" propaganda coming out of the USA over the last few years seems to benefit the Military Industrial Complex: endless weapons to Ukraine, horrendously dangerous UFOs, dangerous illegal Chinese party balloons.

Almost as if there is a vested interest with those in charge by feeding this gunk to people somehow..... almost.

Biden administration set to propose largest Defense budget in US history as GOP pushes for spending cuts
https://www.businessinsider.com/biden-administration-pentagon-defense-budget-largest-history-mccarthy-republicans-congress-2023-2?r=US&IR=T

[ChartBuddy]

Explanation

[Gachapin]

everything under 30k is a complete joke

[dragonvslinux]

Seems to be some support around $21,500. We had the Kraken staking FUD & have held strong. I managed to pick up a few in this range. Let’s hope there’s a line drawn now & the bottom is confirmed. The only thing that can take us lower is confirmed recession. The more time that passes the more likely that the bottom is indeed in.

I think this is the positive to take even if we dipped a little this week we can see that the belief is there and with the Kraken and Localbitcoins news btc did not drop a big amount. I think this sets us up nicely for the year and we could try to push the recovery up further. I do not know if we are ready to do that because the recession and war is still going on but it looks like we have the confidence there to establish a bull run we just need some positive news that can give the bulls a push and hope that no negative news happens in the next few weeks.

I see a last push to $21K level, in order to turn previous consolidation into support as previously anticipated. Price has so far failed to maintain the immediate momentum of the 200 MA on the 4hr and otherwise price looks to be in the middle of local support and resistance. The week closed at -5% it's likely bears will try push prices lower back towards $20K rather than flipping bullish quite yet. But unlike previous local top rejections we haven't seen an immediate -10-20% reaction candle to the downside on higher time-frame, instead only -3% and -5% so far. It does suggest bulls are continuing to accumulate at current prices.



Daily RSI is at 45 so still a bit more room to re-test bearish level at 40 while 50 DMA is at $20.5K and rising fast. Would also create some nice bullish divergence on 4hr. Ideally a push to $21K support levels early in the week followed by reclaiming weekly open around $21.8K. That'd create a nice bullish wick (and bear trap) to the downside on higher time-frame. Seems to be the only thing missing from this uptrend so far.