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

[psycodad]

25bps it is, let the games begin.

[bitcoinPsycho]

Price has broken above $28,550 short-term resistance level. $29K incoming by looks of it, maybe even a quick pump to $30K?

Very much testing previous support from May 2022 after quickly moving through the volume gap from $25K as expected...

Time to see if $30K will become new resistance, or whether it'll cut through like knife through butter similar to 2019 at $6K.

(Also similar to breaking above $300 in 2015 based on moving above the 50 Week MA as highlighted below)

My only scepticism is thinking this is the pre-FOMC pump, prior to the FOMC dump in the short-term

(Also known as "buy the rumour sell the news")


That said, if it looks like a bull market and moves like a bull market, it's probably just a bull market:

Hopefully, we are probably going to see 30k in the next  coming days. the resistance is strong, from the chart I can possibly see 30k already achieved. 

[philipma1957]

it was expected. (=0.25%)

Best case is inflation carries on untouched forcing still yet another =0.25% or even +0.50% on May 3rd


If this is the case we could see a massive rally. 30>40>50k in may



here is some nice bullishness

https://www.bitrawr.com/difficulty-estimator

Latest Block:   782001  (9 minutes ago)

Current Pace:   106.0164%  (1810 / 1707.28 expected, 102.72 ahead)

Previous Difficulty:   43053844193928.45                           
Current Difficulty:   43551722213590.37                           
Next Difficulty:   between 46154799893365 and 46183926135527
Next Difficulty Change:   between +5.9770% and +6.0439%
Previous Retarget:   March 10, 2023 at 4:43 PM  (+1.1564%)
Next Retarget (earliest):   Tomorrow at 10:39 PM  (in 1d 8h 23m 5s)
Next Retarget (latest):   Tomorrow at 10:51 PM  (in 1d 8h 35m 2s)
Projected Epoch Length:   between 13d 4h 55m 55s and 13d 5h 7m 52s
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+6% = 20-25 eh = 25,000 ph = 25,000,000 th

250,000 x 100th s19's = gear added this jump

250,000 x 1400 = 350 million in gear added this jump.

[Volimack]

All time right 'Bitcoin is moons'.

L’ittle p’ump

News link.

There is no doubt that the Lighting times are 'beginning for Bitcoin'.

[Lainta]

Ramzan Mubarak 2023 to all WO's Family

[ChartBuddy]

Explanation

[OutOfMemory]

The trouble is you get the government you vote for. In my country few people bother voting for the minor parties, so as much complaining as there is, people must actually love it otherwise they wouldn't vote for it.

Nope, it doesn't work like that.
At least 50% of voters (in the US, for example) get the government they voted for.
In a country with multiple parties in parliament, two minorities can build a coalition and reach over 50% of seats.
Even more so, the winner of votes can still be under 50% and build a coalition with a very small party, which gets to rule over the most unimportant resorts.

All of the three above have something in common: This is no real democracy.

Democracy isn't "majority vs. minority".
Democracy is "let's get to talks and solve the problems of our country together".

At the current state, Democracy is a scam, votes are pretty much influenced by message control and framing matters.
Agenda: Make the people fear something to get their votes to fight against it. After you win, do what you really wanted.

Always watch what they are doing, ignore what they are telling you they do.

[El duderino_]

[sirazimuth]

….


At least 50% of voters (in the US, for example) get the government they voted for.

Nope.
In the 2016 US presidential election, some moron lost the popular vote, (he got 45% and the “loser” got 48%) but still won the election because Electoral College lunacy.

[HI-TEC99]

[Richy_T]

Nope.
In the 2016 US presidential election, some moron lost the popular vote, (he got 45% and the “loser” got 48%) but still won the election because Electoral College lunacy.

There was no popular vote. That's not how the election is decided. Thinking that the vote counts would have been the same under a different system is low-quality thinking.

The electoral college is premised around that whole "United States" thing, by the way. I know you're sore that your chosen one was roundly given the boot but it's good to understand why and not just throw the toys out of the pram.

[philipma1957]

….


At least 50% of voters (in the US, for example) get the government they voted for.

Nope.
In the 2016 US presidential election, some moron lost the popular vote, (he got 45% and the “loser” got 48%) but still won the election because Electoral College lunacy.

two key elections

Bush-Gore
Clinton-Trump

[ChartBuddy]

Explanation

[machasm]

Screw the price
Heres another Lymerick

There once was a young man named Green
Who grew so abnormally lean
flat and compressed
Till his back squeezed his chest
and sideways he couldn't be seen.

[Richy_T]

https://twitter.com/BitcoinNewsCom/status/1638167681135173633?t=mtELyYiKTfxV1b6exX8Xtw&s=19

That's all you get for 100k these days?

[BobLawblaw]

Why?

[bitcoinPsycho]

Why?

Because ....shenanigans

[Richy_T]

Anyway, even if it was supposed to be nickel, it's barely over a million dollars worth; a tonne of nickel is worth ~80% of one bitcoin.  Not even sure why this is a story since $1M is a drop in the bucket for ole JP with a net profit of $128B last year.

That's the kind of money where if they had it as a fine for bad behavior, they'd just increase the bad behavior to cover the cost.

[psycodad]

Why?

Possibly this:

https://www.coindesk.com/policy/2023/03/22/tron-founder-justin-sun-sued-by-us-sec-on-securities-market-manipulation-charges/

[Richy_T]

Why?

Possibly this:

https://www.coindesk.com/policy/2023/03/22/tron-founder-justin-sun-sued-by-us-sec-on-securities-market-manipulation-charges/