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

[DirtyKeyboard]

ChartBuddy's 24 hour Wall Observation recap
..
Credit to ChartBuddy

Nice little bid wall at midnight there. 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Leahized]

Welcome to the 2024 Bull Market 🥱

Running Bitcoin BTC

Whats all this ETF talk I hear? ...the honey badger don't give shit......

GO BITCOIN

[cygan]

here is a last call to the hat wearers listed below to participate in the 2nd edition of the Icarus hat-avatar cards
for reference, here is the first edition: [SALE] Icarus Bitcointalk Hat Edition (10 designs)🔐🧢
if you want to be a part of this journey, write me a pm

Code:

kurious, r1s2g3, infofront, bitcoinPsycho, HI-TEC99, Elwar, lightfoot, jonoiv,
Ludwig Von, QuestionAuthority, Kylapoiss, soullyG, goldkingcoiner, starmman, Icygreen, JayJuanGee, Rosewater Foundation, Toxic2040,
Globb0, Arriemoller, Searing, xyzzy099, Speculatoross, ivomm, bitserve, roycilik, BinaryReign,
BobLawblaw, bones261, JimboToronto, Ibian, itod, mOgliE, strawbs, yefi,
empowering, izanagi narukami, Bitcoinaire, kirreev070, Wekkel, crypmike, mfort312, Totscha,
PoolMinor, Gyrsur, BTCMILLIONAIRE, podyx, julian071, Hexah, savetherainforest, Last of the V8s, nutildah, Spaceman_Spiff_Original,
nanobtc, Roombot, bitcoinminer42, afbitcoins, erre, luckygenough56, DireWolfM14, Dabs, VB1001, HairyMaclairy,
Karatma1, Cryptotourist, machasm, rjclarke2000, Willhelm, dogebearman,
becoin, sheenshane, JSRAW, StartupAnalyst, theyoungmillionaire, vapourminer, vroom, dandannn,
Biodom, GreatArkansas, fluidjax, LFC_Bitcoin, mindrust, kingcolex, asche, bitmover, jbreher,
DoublerHunter, FractalUniverse, ChinkyEyes, ErisDiscordia, gentlemand, Lambie Slayer, CryptoNeed, markj113,
600watt, BlindMayorBitcorn, pawanjain, P_Shep, Royse777, Kenzawak, asu, MrFreeRoMan, realsteelboy, DeathAngel,
RapTarX, Tranthidung, SuperTA, _javi_, serveria.com, rdbase, th3nolo, Findingnemo, Olegya199,
cabalism13, ChuckBuck, dragonvslinux, spooderman, psycodad, FullNode, INDYMONEY, BlackHatCoiner

just checking i am set up for this correct?

correct

[Gachapin]

I think market, again, might have surprised most participants.  Many expected a huge pump / dump upon approval.  But we went sideways.

And instead of BTC price action shitcoins started pumping. funny how that works.

[FinePoine0]

Welcome to the 2024 Bull Market 🥱

Moments before the Bitcoin ETF was approved, we had a lot of hope that the price of Bitcoin would have a big pump. But that hasn't happened yet, so many investors and traders are busy for the time being hoping for a pump and dump. But forced to move,
I haven't given up hope yet I'm heading towards the pump.

[Paashaas]

I think market, again, might have surprised most participants.  Many expected a huge pump / dump upon approval.  But we went sideways.

And instead of BTC price action shitcoins started pumping. funny how that works.

ETF trading hasn't started yet.

First inflow on fresh $$$ will start today that should lead to a modest pump.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OutOfMemory]

I think market, again, might have surprised most participants.  Many expected a huge pump / dump upon approval.  But we went sideways.

And instead of BTC price action shitcoins started pumping. funny how that works.

Spot ETF registration isn't such a big deal, imo.
The subsequent cash-inflow will make a difference, additionally to the pre-priced action.

Just like my opinion stuff... 

[bct_ail]

I think market, again, might have surprised most participants.  Many expected a huge pump / dump upon approval.  But we went sideways.

And instead of BTC price action shitcoins started pumping. funny how that works.

Market is waiting for the Twitter message from SECGov.

Fake ETF Approval message at Twitter -> green candle
No message at Twitter -> sideways

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BitcoinBunny]

ETF talk:



BTC:

[AirtelBuzz]

BREAKING: BlackRock's $IBIT BTC  ETF is already up 25% in pre-market trading

Billions in new inflows incoming



Breaking : Greyscale's Bitcoin ETF Makes First Pre-Market Trade on NYSE!

😎🍿

[bct_ail]

At what time point does the ETF providers have to buy or sell Bitcoin from the market?
What I mean is: If an investor wants to buy 25 BTC now, the 25 BTC will not be bought from the market right now. This is because each provider already has a certain supply of BTC, the initial supply (which is also the reason why the price will not rise immediately). But at some point they will have to update their cash book. But when? Half a year?

[9fingerlogan]

At what time point does the ETF providers have to buy or sell Bitcoin from the market?
What I mean is: If an investor wants to buy 25 BTC now, the 25 BTC will not be bought from the market right now. This is because each provider already has a certain supply of BTC, the initial supply (which is also the reason why the price will not rise immediately). But at some point they will have to update their cash book. But when? Half a year?

The market makers will have to buy spot pretty regularly to not let the spread widen too much. I expect more of an hourly/daily adjustment of the underlying assets, depends a lot on liquidity inflow.

Coinbase volume could act as a good indicator.

[Lucius]

I think market, again, might have surprised most participants.  Many expected a huge pump / dump upon approval.  But we went sideways.
And instead of BTC price action shitcoins started pumping. funny how that works.

Market is waiting for the Twitter message from SECGov.
Fake ETF Approval message at Twitter -> green candle
No message at Twitter -> sideways

Perhaps the point is that the official attitude towards Bitcoin has not generally changed when it comes to the SEC (Gensler), but as he himself says, the approval of the spot BTC ETF is actually the result of the fact that they were forced to do so due to the court decision in the case of the Grayscale lawsuit which they lost.

Besides, when someone says the following, it doesn't really encourage the market (investors) who still respect the opinion of people like Gensler.

"We did not approve or endorse bitcoin," Gensler said. "Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto."

In fact, he said that bitcoin "is primarily a speculative, volatile asset that’s also used for illicit activity including ransomware, money laundering, sanction evasion and terrorist financing."

And Gensler sought to make it clear that these ETF sign-offs don't pave the way for any further action from the U.S. securities regulator.
"It should in no way signal the commission’s willingness to approve listing standards for crypto asset securities," he said. "Nor does the approval signal anything about the commission’s views as to the status of other crypto assets under the federal securities laws or about the current state of non-compliance of certain crypto asset market participants with the federal securities laws."

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[rdbase]

I think market, again, might have surprised most participants.  Many expected a huge pump / dump upon approval.  But we went sideways.
And instead of BTC price action shitcoins started pumping. funny how that works.

Market is waiting for the Twitter message from SECGov.
Fake ETF Approval message at Twitter -> green candle
No message at Twitter -> sideways

Perhaps the point is that the official attitude towards Bitcoin has not generally changed when it comes to the SEC (Gensler), but as he himself says, the approval of the spot BTC ETF is actually the result of the fact that they were forced to do so due to the court decision in the case of the Grayscale lawsuit which they lost.

Besides, when someone says the following, it doesn't really encourage the market (investors) who still respect the opinion of people like Gensler.

"We did not approve or endorse bitcoin," Gensler said. "Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto."

In fact, he said that bitcoin "is primarily a speculative, volatile asset that’s also used for illicit activity including ransomware, money laundering, sanction evasion and terrorist financing."

And Gensler sought to make it clear that these ETF sign-offs don't pave the way for any further action from the U.S. securities regulator.
"It should in no way signal the commission’s willingness to approve listing standards for crypto asset securities," he said. "Nor does the approval signal anything about the commission’s views as to the status of other crypto assets under the federal securities laws or about the current state of non-compliance of certain crypto asset market participants with the federal securities laws."

Heard this too and it seemed that Gary was forced into approving it, just like the video i posted a link to earlier inwhich his wife dresses him since he doesn't have a choice in what clothes he wears and has his ass wiped right after he poosies afterwards.
He knows he is still getting fired whether he approved it yesterday or not.
That is a given at this point.
Since the hack and having egg on his face since they were the ones toting high level of security when they offered none for their own property and breach of operations via an outside source is appaling at any level he wants to swing this or spin it.
He f0rKed up so now his neck is on the line for this one.

Thanks spot BTC ETF on finally being the last nail in the coffin for this absolute clown and out of our lives forever.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BitcoinBunny]

Looks like a lift off is brewing...