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

[Ivystar5]

[...]

~snip~

Considering the date of the article being May 22, 2024, technically it does mention ATH this coming weekend.

I hope it happens.
It certainly could.
Something tells me it won't.

From what I'm seeing it will, it got to a high of $70500kish plus and now it's making a downward movement that will likely turn upwards anytime from till the coming week which means the possibility of it reaching an ATH of $73kish is absolutely possible.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[jojo69]

$70500kish

70500000

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

Regardless of the price: NEVER ever believe some WS stock or bitcoin-touting entities.

When "they" want to sell, they tell YOU to buy and vice versa.

Some Oppenheimer (?) dude was touting a $300K price target in November 2021 and later on it became clear that they (and associated funds) were selling close to the exact same time.

Surprisingly, it is not illegal as long as it does not occur at that very moment.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[xhomerx10]

$70500kish

70500000

 That's going to be one hell of a green dildo!
 by The Weekend

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[bitcoinPsycho]

Oof

Volume just exploded

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

Markets really taking a beating today all around. I’m seeing people joke that it is because everyone is selling everything to buy Nvidia stock. While funny, I think it probably has more to do with China surrounding Taiwan…

Global crisis aside, Ethereum seems to be stealing the show today and taking some of the light away from Bitcoin. I actually think from a purely financial instrument perspective, Ethereum will be much more attractive to Wall Street due to it’s staking and potential to be deflationary, so I’m very curious how their market caps will perform from here.

[Paashaas]

I'm still very bearish because it remains a bear market until it breaks $70k heading north to $75k $80k.

This was a classic fake pump which could lead to even more red candles.

[JayJuanGee]

It's a shitcoin, we get it. But it's all blockchain bruh.
Deal with it.

You must be new here.

"We" (royal perhaps?) do not talk positively about shitcoins and/or "blockchain" in these here parts.

I'm still very bearish because it remains a bear market until it breaks $70k heading north to $75k $80k.

This was a classic fake pump which could lead to even more red candles.

A bear market.


Oh gawd.   


Horey sheit...


Is that a lost puppy that I see?

[Hueristic]

This was a classic fake pump which could lead to even more red candles.

Classic shakeouts, nothing to see here.

https://www.youtube.com/watch?v=KxLgVpiQGr8

[LFC_Bitcoin]

It's a shitcoin, we get it. But it's all blockchain bruh.
Deal with it.

You must be new here.

"We" (royal perhaps?) do not talk positively about shitcoins and/or "blockchain" in these here parts.

I'm still very bearish because it remains a bear market until it breaks $70k heading north to $75k $80k.

This was a classic fake pump which could lead to even more red candles.

A bear market.


Oh gawd.  


Horey sheit...


Is that a lost puppy that I see?

Lol @ JJG, laying into rdbase, whatever an rdbase is

Shitcoiners coming into the WO, probably looking for Merit with low value posts.

‘Blockchain’ lol. Some people just don’t and possibly never will get it.

Nothing gets past our resident cop JJG.

I have noticed Paashaas seems like a bear in recent times. Maybe he sold too much and is a low-coiner now. He has changed a lot, maybe he’s just nervous about market sentiment, I dunno, disappointing.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

I'm still very bearish because it remains a bear market until it breaks $70k heading north to $75k $80k.

This was a classic fake pump which could lead to even more red candles.

Whether it is a bear market is very debatable.
20% down seems to be the required number..we barely went there on a wick..so it all depends on the continuation.
I am not saying that it is not possible, maybe just unlikely.
Not selling anything..LFG!

[goldkingcoiner]

Protip: Zoom out on the chart. Obviously not a bear market.

[Biodom]

Protip: Zoom out on the chart. Obviously not a bear market.

Zooming out is not a classical definition.
The Secular bull never ended.
A long cyclical bear happens once every four years on average
A short term bear could happen any week (as determined by 20% decline threshold).
Bitcoiners never cared about the last one, though, but "financial" people do...for them 20% decline is catastrophic due to typical leverage, etc.

Imho, financial types will smooth the wild run, which may also affect the rips too.
I kind of expect a roughly 30% positive degree angle on the chart for a few years, but no major spikes.

[Biodom]

For space buffs out there:

https://www.nytimes.com/2024/05/23/science/euclid-telescope-images.html

EDIT: first time there was no paywall, but now there is..use @Heuristic link instead

A thought occurred: some of the images depict newly forming stars...it might take another 5 billion years or so for another civilization to get to where we are today.
Were there people like us (in general sense, of course) 5 bil years ago looking at similar images of the Solar system and thinking similar thoughts? It is entirely possible that there were the Ancient ones and also, that we would be an Ancient ones billions of years from now. Space is truly vast.

I am re-reading the Three-body trilogy...what an interesting books!

Amazingly, some of the problems/solutions described there immediately hark back to our current situation.