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

[d_eddie]

C'mon buddy give us a little more

https://m.youtube.com/watch?v=0dJ30dREjaE

 

[In the silence]

Hoping for a green week ahead of us.

[dragonvslinux]

Price is bouncing between 50 & 200 MA on 4hr price and looking set for a breakout soon, maybe tomorrow for Turnaround Tuesday. Or Wednesday after (bullish/bearish) Monthly close.

Think price is ready to make a move now February is over. Bears managed to push price below July closing high of $23.3K in the final hours but failed to follow through. Instead we ended up with a neutral doji candle below resistance signalling indecision in the market as well as lack of bullish/bearish confirmation . Today bulls have managed to push price back above the 50MA on 4hr that price was stuck below however,

Time for a re-test of $24.7K volume point of control maybe? Alternatively, further consolidation above $23K would be my guess. While there still remains indecision, ultimately bears have spent a month failing to get a strong rejection from $24K to $25K resistance level. Last year it took just less than a month to push prices below $21K. Likewise, bulls have spent a month trying to maintain prices above $24K with no luck.

Officially this is otherwise the smallest loss/gain candle recorded on Bitcoin monthly chart. Last time there was a doji similar to this was January 2017 or otherwise March 2012, prior to further upside.

If 2012 is anything to go by, as that doji was nearer the lows than 2017 doji that was nearer the highs, this month could well be another consolidation month at +/- 1%.

[Lainta]

JUST IN: 🇺🇸US administration allegedly working on digital dollar CBDC for financial surveillance 😱🚨

via @GOPMajorityWhip

https://twitter.com/BitcoinNewsCom/status/1630667520611852307?s=19

[ChartBuddy]

Explanation

[philipma1957]

buddy I have awakened and am closing back in on you.

Buddy 9 Phil 5

[Gachapin]

Bitcoin is too Complicated For Grandmother....
...

imo

IMO

Imo

WO is full of farmers these days

[Gachapin]

Hoping for a green week ahead of us.

since there is no source linked, it was you who created that TA pic, right?

[ChartBuddy]

Explanation

[dragonvslinux]

Hoping for a green week ahead of us.

since there is no source linked, it was you who created that TA pic, right?

There is a source linked in top left corner: "Inthesilence" as the publisher. So safe to assume In the silence created this TA.

Always worth checking the publisher's name from TV charts before making assumptions

[Gachapin]

Hoping for a green week ahead of us.

since there is no source linked, it was you who created that TA pic, right?

There is a source linked in top left corner: "Inthesilence" as the publisher. So safe to assume In the silence created this TA.

Always worth checking the publisher's name from TV charts before making assumptions

yes I saw that there was a name. But I couldn't read it first. And no other source linked, hence my question.

Thanks for the info.

You are right though, I'm a bit disappointed by so much copypasta in the WO recently.  I liked it better without the merit system.

[dragonvslinux]

Hoping for a green week ahead of us.

since there is no source linked, it was you who created that TA pic, right?

There is a source linked in top left corner: "Inthesilence" as the publisher. So safe to assume In the silence created this TA.

Always worth checking the publisher's name from TV charts before making assumptions

yes I saw that there was a name. But I couldn't read it. And no other source linked, hence my question.

I see. Without intending to sound patronising then right click and "Open image in new tab" is the usual solution to this problem for full size version. This normally always works.

The irony being there is no original source for that chart (I checked) as it's a snapshot from a private chart, rather than a screenshot, so not sure what publisher can do apart from take snapshot.

I guess they could say "I published this" underneath, but then anyone could claim this from a screenshot. Hence the publisher name-stamp & timestamp on snapshot is more accurate...


In case this doesn't make any sense (snapshot vs screenshot), as without using tradingview it's probably not obvious, here are examples:

   

Left: Screenshot of a published chart, so naturally I provide a source. No namestamp or timestamp, nothing to prove I published it without a link.
Right:  Snapshot of a private chart, so there isn't a source to provide. There is a namestamp and timestamp in top left corner however.

[philipma1957]

Look out buddy I am gaining on you

Buddy. 10

Phil.      6

[ChartBuddy]

Explanation

[philipma1957]

right back at you buddy

Buddy. 11

Phil.      7

[OutOfMemory]

You are right though, I'm a bit disappointed by so much copypasta in the WO recently.  I liked it better without the merit system.

The merit system wasn't established for us to take it too serious, though.
However, imho you're very right about the pasta.

[philipma1957]

You are right though, I'm a bit disappointed by so much copypasta in the WO recently.  I liked it better without the merit system.

The merit system wasn't established for us to take it too serious, though.
However, imho you're very right about the pasta.

Well the merit system had some effect on posting style.

meanwhile I will catch and pass buddy soon.

Buddy 11
Phil       8

[ChartBuddy]

Explanation

[philipma1957]

Explanation

Right back at you buddy

Buddy 12
Phil       9

[ChartBuddy]

Explanation