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

[AbuBhakar]

It feels a lot like the market has turned around and is back on the way up. The correction from $30K seemed necessary as you can’t go straight up without gathering an unhealthy amount of leverage. I think we’ll soon be testing the $30K level again. Still no reason to doubt ending the year above $40K.

Dunno, the chart below is the default moving average chart on Binance. TA is a self fulfilling prophecy which means that correction just started and the current price movement only show that a pump to 28K is required to retest MA line to correct more.

I want a more dip correction to shake off more weak hands rather than weak correction that will always gonna shake off again once the 30K level  hit. I want to see the price sideways on 26K area for a long time then hard AF green dildo to 30K above.

[JayJuanGee]

It feels a lot like the market has turned around and is back on the way up. The correction from $30K seemed necessary as you can’t go straight up without gathering an unhealthy amount of leverage. I think we’ll soon be testing the $30K level again. Still no reason to doubt ending the year above $40K.

Dunno, the chart below is the default moving average chart on Binance. TA is a self fulfilling prophecy which means that correction just started and the current price movement only show that a pump to 28K is required to retest MA line to correct more.

I want a more dip correction to shake off more weak hands rather than weak correction that will always gonna shake off again once the 30K level  hit. I want to see the price sideways on 26K area for a long time then hard AF green dildo to 30K above.

What you want, and what king daddy gonna do may well be two different stories.

In udder wurds:

Best to prepare for a variety of scenarios rather than getting worked up whether the price might go up or down in the short term, when it is a 50/50 call at best in the best of circumstances, and currently there is not really any way to expect "down before up" or that the correction that we just had is all of the correction that you are going to get.

In udder wurds:

Too bad you sold too many coins too soon, you expecting down that might not happen, and maybe, in order to commensurate, join forces with Philip and hope that he may well have sold more than you did and even at lower prices that you did.


 

Shouldn't be selling coins when we are largely at historically low prices, and if you do sell some, it is better NOT to be expecting the price to go down because you may or may not be able to buy them back cheaper or even at the price in which you sold them, whatever that might have had been.

[ChartBuddy]

Explanation

[AbuBhakar]

It feels a lot like the market has turned around and is back on the way up. The correction from $30K seemed necessary as you can’t go straight up without gathering an unhealthy amount of leverage. I think we’ll soon be testing the $30K level again. Still no reason to doubt ending the year above $40K.

Dunno, the chart below is the default moving average chart on Binance. TA is a self fulfilling prophecy which means that correction just started and the current price movement only show that a pump to 28K is required to retest MA line to correct more.

I want a more dip correction to shake off more weak hands rather than weak correction that will always gonna shake off again once the 30K level  hit. I want to see the price sideways on 26K area for a long time then hard AF green dildo to 30K above.

What you want, and what king daddy gonna do may well be two different stories.

In udder wurds:

Best to prepare for a variety of scenarios rather than getting worked up whether the price might go up or down in the short term, when it is a 50/50 call at best in the best of circumstances, and currently there is not really any way to expect "down before up" or that the correction that we just had is all of the correction that you are going to get.

In udder wurds:

Too bad you sold too many coins too soon, you expecting down that might not happen, and maybe, in order to commensurate, join forces with Philip and hope that he may well have sold more than you did and even at lower prices that you did.


 

Shouldn't be selling coins when we are largely at historically low prices, and if you do sell some, it is better NOT to be expecting the price to go down because you may or may not be able to buy them back cheaper or even at the price in which you sold them, whatever that might have had been.

Hahaha. I didn’t sold nor purchased Bitcoin on the current bull run. I gain my Bitcoin through my signature campaign earnings that I’m still holding on my hardware wallet.

I post the picture of the chart as reference so that my comment will not be taken as I’m obsessed for Bitcoin to go down and made an introduction about TA as self fulfilling prophecy. Tbh, I really like to purchased Bitcoin on low price but I’m just trying to express what’s the best scenario for Bitcoin to pump organically ofc in my humble opinion.

But yeah, Pumping the price straight to 30K above is not a problem to me as well because I still hold my Bitcointalk Savings Bitcoin. 

[ChartBuddy]

Explanation

[macson]

It feels a lot like the market has turned around and is back on the way up. The correction from $30K seemed necessary as you can’t go straight up without gathering an unhealthy amount of leverage. I think we’ll soon be testing the $30K level again. Still no reason to doubt ending the year above $40K.

to reach $40k, we need very good news about Bitcoin because the price movement of Bitcoin is still very much influenced by market demand ^(sentiment). but yeah a return to $30k is bound to happen.

[ChartBuddy]

Explanation

[Negotiation]

In udder wurds:

Best to prepare for a variety of scenarios rather than getting worked up whether the price might go up or down in the short term, when it is a 50/50 call at best in the best of circumstances, and currently there is not really any way to expect "down before up" or that the correction that we just had is all of the correction that you are going to get.

I also agree with you that it is not good to think of profiting from bitcoin too early, because first you have to think that the price of bitcoin may drop a bit after you buy, so it is not good to be disappointed. . And from my little experience I can say that most people think that if they invest in Bitcoin they will be able to make profits very quickly, many people start investing with this kind of misconception at first. Because of that they get frustrated very quickly.

[ChartBuddy]

Explanation

[Bounty _BOX]

Tomorrow, U.S. Senators, Congressmen, and industry leaders will meet at the Bitcoin Policy Summit in DC to discuss the benefits of Bitcoin.   

It's time for the U.S. to embrace BTC .  


Source: Bitcoin magazine

[BitcoinBunny]

Get them money printers fired up guys.

Sharp sell-off in First Republic shares causes alarm in Washington
https://www.ft.com/content/32439fdf-3215-4e9a-91fb-eb6b3e821451

The California-based lender’s stock price, which is down by more than 93 per cent this year, fell by a further 49.4 per cent, a day after it revealed its customers had withdrawn $100bn of deposits during last month’s turmoil.

I'm surprised a Californian bank could have lasted this long. 

[OutOfMemory]

https://twitter.com/tayvano_/status/1648187032861315072
https://www.coindesk.com/consensus-magazine/2023/04/18/if-crypto-ogs-are-being-hacked-where-does-that-leave-the-rest-of-us/

For the past 48hrs I've been unwinding a massive wallet draining operation

This is NOT a low-brow phishing site or a random scammer. It has NOT rekt a single noob. It ONLY rekts OGs.
...

6. "Out" is always a centralized swapper such as:
FixedFloat
SimpleSwap
SideShift
ChangeNOW
LetsExchange
Unknown swapper @ 0xca60
Other unlabeled swappers nested at Binance

Large Dec'22 thefts used RenBridge

Final desty is always Bitcoin

LTC, XRP, XMR, etc also moves to BTC.

 

https://twitter.com/tayvano_/status/1648187048858365955

[ChartBuddy]

Explanation

[BitcoinBunny]

"Enough's enough. Peasants should pipe down and stay in place. If we want to inflate dirty fiat and make you poorer as a result, you should just accept it and shut the hell up."

Britons ‘need to accept’ they’re poorer, says Bank of England economist
https://uk.yahoo.com/finance/news/britons-accept-poorer-says-bank-150933503.html

During the podcast, Pill explained that “inflation has been higher than we expected for longer, for an undesirably long time”, and that central banks have lifted interest rates to fight rising prices.

However, he said a series of shocks had all pushed inflation in the same direction, meaning price pressures had not dissipated.

First, the Covid-19 pandemic disrupted supply in the economy, just as the US government was handing out stimulus cheques to citizens in the lockdown. Those cheques led to increased demand for consumer goods, allowing retailers to lift prices.

Just as the pandemic inflation shock was easing, Russia turned off gas supplies to Europe, driving up wholesale energy prices by over 1,000%.

Biggest bunch of lies ever in that article.

The truth:

• The Central Banks inflated the money supply
• The Central Banks kept interest rates near zero for 15 years for no reason
• The Central Banks through their guarantee bank payment schemes effectively destroyed retail banking and competition in the sector
• The government completely overreacted to Covid
• The EU and UK mostly decided themselves they didn't want Russian gas and oil because they couldn't accept that Russia couldn't accept NATO expanding eastwards constantly and broke decade old agreements over Ukraine. They sided with the American gangster neocons and bought their expensive LNG despite the cost to taxpayers, people's health and the wider economies.
• On top of this Central Bankers have been completely useless. When inflation got going they lied about it saying it is just transitory and raised interest rates too late and too fast plunging the west into a recession, which they are lying about now. Completely useless, sabotaging and ultimately it is criminal behaviour.

All central bankers and their dirty criminal political gangster paymasters should be dragged out into the street and shot.

[ChartBuddy]

Explanation

[BitcoinBunny]

29K+ today surely.

[Copetech]

29K+ today surely.

You mean... like... NOW!?!

WO Observing $29,065.96

[ChartBuddy]

Explanation

[AlcoHoDL]

Damn it, RL and work keeps me so busy lately that I'm itching to pull the trigger on early retirement. Not yet, not yet, let it grow some more.

I see that every time there's a dip, it's swiftly followed by an equal and opposite reaction that's able to keep us close to 30k. I get a very positive feeling that something good (and long, and green) will come our way soon.

Back to lurking mode... Keep HoDLing WOers. 2025 will be a fine year. 

[ChartBuddy]

Explanation