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

[ChartBuddy]

Explanation

[1679777432]

1679777432

[1679777432]

1679777432

[1679777432]

1679777432

[ChartBuddy]

Explanation

[BitcoinBunny]

Naga Munchetty pockets £20,000 a week in public appearances on top of BBC pay
https://uk.yahoo.com/news/naga-munchetty-pockets-20-000-210022442.html

Naga Munchetty is one of the highest-paid journalists at the BBC, a base salary of between £365,000 and £369,999 per year, on behalf of UK "TV licence" (= robbing tax) payers.
More than twice as much as the British Prime Minister's salary. Mental.
 

"Journalist" = Overpaid pro diverse looking face more like. And will still come out with claptrap that things aren't fair:
https://inews.co.uk/news/media/naga-munchetty-first-experience-racism-emotional-painful-902131

So painful.....   Does a £1,400,000 annual salary ease the pain or should the tax payers be forced to give more?

[ChartBuddy]

Explanation

[Hamza2424]

Source: TGM

[philipma1957]

...unlike other U.S. asset classes, Bitcoin is orthogonal to monetary and macroeconomic news. This disconnect is puzzling as unexpected changes in discount rates should, in principle, affect the price of Bitcoin even when interpreting Bitcoin as a purely speculative asset.

New York Fed  -  The Bitcoin–Macro Disconnect
https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr1052.pdf

"6 Conclusions
Is macroeconomic news driving Bitcoin? In this paper, we conduct a systematic analysis of the impact of macroeconomic and monetary policy news on Bitcoin’s price. We model Bitcoin as an asset with no intrinsic value for which its current price depends on the discounted value of its future price. In our empirical analysis, we find that Bitcoin is unresponsive to both monetary and macroeconomic news. In particular, the result that Bitcoin does not react to monetary news is puzzling as it casts some doubts on the role of discount rates in pricing Bitcoin. Given the short sample used in the analysis, however, more evidence is needed to assess the disconnect between Bitcoin and macroeconomic fundamentals."



duh they still do not understand the why of it.


please note my quote is from the fed article.

[ChartBuddy]

Explanation

[Gaza13]

game changer Bitcoin is freedom money, Choose Freedom, Choose Bitcoin

street art in Barcelona, ​​​​Spain 🇪🇸


source: https://twitter.com/BitcoinMagazine/status/1622198633901838337

[dragonvslinux]

Price is currently still tracking the 2019 style price action with bullish consolidation. Pull back target would be around $22K by the end of the week before a recovery to the upside based on this fractal. This is one of the main reasons why I was previously favouring a pull-back towards $21K level, rather than continued immediate upside and rejection from $25K. Reduces the chances of re-testing $19K-20K critical support imo.



Daily RSI is currently breaking the bullish level of 60, returning to neutral, so without further sideways price action the next re-test level would be 40 - likely lining up with $21K levels where there was previous consolidation before breaking the lower high structure. CMF is otherwise flipping back to bearish (after bearish divergence) suggesting some further downside or sideways before more upside.

   

Still think we are at the similar end of April 2019 stage of the rally as we break the 20 Day MA as referenced above (as well as previously). The current correction is helping to confirm that so far, rather than disprove it, as would further downside towards $21K or sideways rather than immediate upside. Immediate upside from here could easily lead to further rejection from $24K before lower levels, while the continued correction or sideways helps go build up momentum for breaking through $25K with price strength cooling off and otherwise consolidation at higher levels (>$21K).

[ChartBuddy]

Explanation

[BitcoinBunny]

Australia have hired Skeletor's mum as its new Ambassador for Gender Equality.

[xhomerx10]

I don't think you'd get away with this branding but who knows....

 They've got other issues -



source: https://omgomg.co.uk/food/lewisham/chicken-king/1mt3o/

 

[BitcoinBunny]

I don't think you'd get away with this branding but who knows....

 They've got other issues -



source: https://omgomg.co.uk/food/lewisham/chicken-king/1mt3o/

That explains the other photo

[ChartBuddy]

Explanation

[BitcoinBunny]

You guys remember Covid?

Well Vitamin D was the solution all along. Oh well, at least Pfizer made billions I guess. Such a lovely company as are our criminal politicians... so lovely jovely. Non of them had any vested interest in locking us down and forcing unnecessary "vaccines" on the working age population..... 

https://www.youtube.com/watch?v=x5sc7G4s4CY&ab_channel=Dr.JohnCampbell


UK Prime Minister Criminal gangster Rishi Sunak

https://goodlawproject.org/sunak-linked-hedge-fund-sees-pandemic-profits-soar-to-109m/

[Lucius]

You guys remember Covid?

Well Vitamin D was the solution all along. Oh well, at least Pfizer made billions I guess. Such a lovely company as are our criminal politicians... so lovely jovely. Non of them had any vested interest in locking us down and forcing unnecessary "vaccines" on the working age population..... 

No worries, they say they are working on mutating the virus, at least if one employee is to be believed who literally bragged about it in public while being filmed, he is truly a genius

https://www.sportskeeda.com/pop-culture/who-jordan-tristan-walker-pfizer-project-veritas-covid-mutation-video-scandal-explained

[xhomerx10]

You guys remember Covid?

Well Vitamin D was the solution all along. Oh well, at least Pfizer made billions I guess. Such a lovely company as are our criminal politicians... so lovely jovely. Non of them had any vested interest in locking us down and forcing unnecessary "vaccines" on the working age population.....  

https://www.youtube.com/watch?v=x5sc7G4s4CY&ab_channel=Dr.JohnCampbell


UK Prime Minister Criminal gangster Rishi Sunak

https://goodlawproject.org/sunak-linked-hedge-fund-sees-pandemic-profits-soar-to-109m/

 Even before covid was a thing, I've been taking supplemental D₃ @ 2500 to 5000 IU daily (objective was to ward off potential prostate cancer).  It's cheap and we don't see a lot of sun here in the winter so why not?   Obviously this is anecdotal but I've somehow managed to remain free of covid even while living with/caring for infected family members.

 Costco has it on sale right now @ $8.99 for 365 tablets of 2500 IU each.  Seems like cheap insurance - YMMV

[ChartBuddy]

Explanation

[OgNasty]

The market price seems to be in a very slow grind downward. Without looking at the data, I assume this means that people are building short positions and taking profits from the last 40%+ jump in price. Not sure how long this will continue, but these BTC are being accumulated by others and I think the buyers will have more $ to spend than the sellers have coins to short and sell. The next short squeeze should take us to $30K.

[BobLawblaw]

Bitcoin value dips
Investors feel the pain fast
Moon soon, have no fear