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Question: Is the "bear market" over?
Yes - 38 (37.6%)
No - we need to sweep the low again - 23 (22.8%)
No - we need to set a new low first - 25 (24.8%)
No - other (explain below) - 15 (14.9%)
Total Voters: 101

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 27046590 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 1 users with 9 merit deleted.)
BitcoinBunny
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Far, Far, Far Right Thug


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January 10, 2024, 08:48:26 PM

Greyhats
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January 10, 2024, 08:59:25 PM
Merited by LFC_Bitcoin (3)

This flashed up on r bitcoin

https://web.archive.org/web/20240110204508/https://www.sec.gov/files/rules/sro/nysearca/2024/fg-89shlq.pdf

Looks like it got removed though so not sure tbh
ChartBuddy
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January 10, 2024, 09:01:19 PM


Explanation
Chartbuddy thanks talkimg.com
Paashaas
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January 10, 2024, 09:01:38 PM

Hhampuz
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Meh.


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January 10, 2024, 09:07:04 PM

All but a formality now, calling $60k by Sunday.
philipma1957
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January 10, 2024, 09:12:45 PM

All but a formality now, calling $60k by Sunday.

Good and buddy will get to pass me today on ETF day.

very fitting.

I am laddered up til 70100

would be nice to see all small points sell off
OgNasty
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January 10, 2024, 09:13:27 PM

Lots of volume now that the ETF is officially approved...  The price hasn't moved much though.  People appear to be making their bets at the moment.  While the big traders have probably already done what they were going to do, a lot of people won't find out about this news until tonight when they watch the news or even tomorrow when they read the paper or listen to their morning news on the way to work.  I think tomorrow will be telling on how the market feels about this.  If we do manage to get over $52K on this news, it will be off to the races.  Buckle up!
Hazink
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January 10, 2024, 09:20:55 PM


Yea this is true but the possibility of them being active for trade tomorrow will be base on it the SEC will make the news official or proceed with a little further delay again…



we passed the ETF officially?

Yes indeed it’s finally officially now as many predicted it to be… 🤗🤗

All the wait and delay was not for waste it’s worth it.
darkangel11
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January 10, 2024, 09:22:07 PM

Congratulation guys! It's a small step for the normies, but a large step for bitcoiners Wink
As for low volume, I feel like people got spooked yesterday and those who had longs and got liquidated did not set them back up today.
It's so easy to get flushed when you play with leverage. Only the strong survive in the end.
vapourminer
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what is this "brake pedal" you speak of?


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January 10, 2024, 09:33:05 PM
Merited by xhomerx10 (1), bitebits (1), erre (1)

* achievement unlocked *
OgNasty
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January 10, 2024, 09:38:15 PM

Now that we have the ETF approval, the only real thing we're waiting for is the Mark to Market rules to go in effect.  While companies can start marking their BTC holdings to market prices now (instead of using quarterly lows that would hurt their balance sheet) the official rules don't go into effect until 2025, so I would imagine more conservative companies will be waiting until then before they start accumulating BTC.  It's all happening though.  Halving, mark to market, corporate accumulation...  Once the US Government and mtgox get their BTC out on the market there will be no gravity left pulling down on the rocket to the moon.
bct_ail
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January 10, 2024, 09:42:23 PM

Is there a valid reason an "independent" government agency needs to wait until the last second of a deadline to make a decision?

Reason? Maybe a compromised account?  Wink
BitcoinBunny
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January 10, 2024, 09:44:48 PM
Merited by JayJuanGee (1)

"So you said the BTC ETFs got approved. So I will buy ETH, ok?!"



 Roll Eyes
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January 10, 2024, 10:00:06 PM

Investors spooked by X "incident"?
ETFs priced-in?
"Buy the rumor, sell the news"?

I don't see much action (yet)...  Tongue
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January 10, 2024, 10:01:16 PM


Explanation
Chartbuddy thanks talkimg.com
LFC_Bitcoin
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January 10, 2024, 10:05:46 PM
Merited by ivomm (5), fillippone (3), JayJuanGee (1)

Investors spooked by X "incident"?
ETFs priced-in?
"Buy the rumor, sell the news"?

I don't see much action (yet)...  Tongue

Ahhhh, forget short term action mate.

This is huge for the upcoming bull run and beyond.

Cheers to everybody in the WO. It’s been a stressful few days but Gary has finally kneeled before the King.

Now countdown to the halving, things are only just starting to purr.
philipma1957
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January 10, 2024, 10:07:36 PM

Investors spooked by X "incident"?
ETFs priced-in?
"Buy the rumor, sell the news"?

I don't see much action (yet)...  Tongue

the ETF is not priced in.  but the 1/2 ing is priced in.

no one really knows what the etf will do to price.
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January 10, 2024, 10:13:44 PM
Merited by LFC_Bitcoin (3), JayJuanGee (1)

I hear you, brothers.

Slow and steady. No need to rush things. It's better for the price to grow organically. This should be a good year. ETFs approved, halving in 3 months (priced-in or not).

6 digits are close IMHO.
erre
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January 10, 2024, 10:13:51 PM
Merited by JayJuanGee (1)

Investors spooked by X "incident"?
ETFs priced-in?
"Buy the rumor, sell the news"?

I don't see much action (yet)...  Tongue

the ETF is not priced in.  but the 1/2 ing is priced in.

no one really knows what the etf will do to price.

 
AlcoHoDL
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January 10, 2024, 10:17:15 PM
Last edit: January 10, 2024, 10:30:15 PM by AlcoHoDL
Merited by fillippone (3)

Ant pump begins...  Grin

Edit: shutting down everything, back to RL for now. Congrats to all, a great win today.  Cool

Onwards & upwards.
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