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

[JayJuanGee]

In other news...

Not really news, when you posted the same story rehashed several times already.

Exactly!!!

Starting to seem like a story that is not related to this thread. 

At first, there might be questions about why is the bitcoin price moving?  Why is it moving in this direction or that direction?  How come it is still moving?  After a while, the initial "cause" whether actually liquidy related or FUD related becomes priced in, especially when it seems to have been rehashed FUD from more than a year, and repeated attempts to maximize on such. 


Further, the Tether topic might be become like the "china bans bitcoin" topic.  It loses effects with the passage of time, but still sometimes might work on the margins to push further to get passed a certain tipping point.

[1714135211]

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[HairyMaclairy]

Your fud has no power here

Largest most recent spike into mempool green was October 5.  We had a small dump that day followed by Bart downward on October 10.  We are again creeping into green mem pool territory.

Currently shorts are rising fast (as shown by Bitmex funding rate going negative) and Bitfinex USD shorts being up 4.6% in the past 24 hours off already high levels (currently 34k).  

From a technical perspective we are at the outer boundaries of the meme triangle and due a push down.

The price is currently range bound in a narrow band which points to an explosive move to follow.

Taking into consideration that we have just had a failed rally, the most likely direction of travel is a short explosive move down.  Maybe to $6200 or $6100.   The alternative is another short squeeze which becomes more likely as Bitfinex shorts approach 40k if no downward movement by that point, although it’s hard to believe that many shorts will be using high margin and vulnerable to liquidation given the actions of the past 48 hours.  Stop hunts are always a risk.  

The mem pool data is just one factor in this analysis.  All the other points are indepently verifiable albeit TA is subjective by definition. 
If I had to make a price prediction, I would say $6200 within the next 4 days.  If more Tether FUD blows up, then all bets are off as a run on Bitfinex could easily cause another surge in price. 

[Last of the V8s]

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inb4 CZ has liquidity probs

[d_eddie]

Meanwhile in Wall Street, the stock market is swinging like crazy.
+/- 2% daily movement looks a little like bitcoin. Nasdaq is +2.91% right now.

[kirreev070]

Guys, I'm on the forum exactly one year. And this is very cool, the feeling is like I just created an account yesterday. It was a good time, Bitcoin was 20k (I hope this is only the beginning). I received a lot of new information and the thread Wall Observer BTC / USD has become one of the most popular for me. I will celebrate this event this weekend.

[StartupAnalyst]

[Raja_MBZ]

Bullish divergence - something that I love & works out mostly.

[Wekkel]

The divergence is not very strong. It would have been better if the last low was lower than the previous one.

Still no mans land for now.

[HeSoCo]

Guys, I'm on the forum exactly one year. And this is very cool, the feeling is like I just created an account yesterday. It was a good time, Bitcoin was 20k (I hope this is only the beginning). I received a lot of new information and the thread Wall Observer BTC / USD has become one of the most popular for me. I will celebrate this event this weekend.

Congrats, man. Wish you become a Hero Member this year.

[El duderino_]

Guys, I'm on the forum exactly one year. And this is very cool, the feeling is like I just created an account yesterday. It was a good time, Bitcoin was 20k (I hope this is only the beginning). I received a lot of new information and the thread Wall Observer BTC / USD has become one of the most popular for me. I will celebrate this event this weekend.

Very VERY very good, that you entered @20K and still have a good feeling.
Mmmm probably your longer in BTC as 1 year and just 1 year active on the forum, sorry my bad.
As you celebrate and would be there, i surely would buy you Some good old cocktails ..... so cheers drink one of me 
And i Will be joining, a village down antwerp had a good old octobrefest that i Will be crashing @ this weekend, my girl even bought me a crazy costume and all..... sorry BOB but “sheiiiiiiit”

[JayJuanGee]

You need to be fast if you wanna beat a V8 to a post ....

Pft. All salience, no hat.

O.k.   It's contagious.  I had not changed my avatar since I was first able to add one - but I've been inspired by group think.

If you can't fight them, join them.    You fucks, including but not limited to xhomerx10, who escalated this hat theme to the next level!

[El duderino_]

Wow even jjg switch avatar 

[HairyMaclairy]

Hat capitulation. 

[kirreev070]

Mmmm probably your longer in BTC as 1 year and just 1 year active on the forum, sorry my bad.

Yeap, I in BTC since 2013. Long watched the forum, but registered only a year ago

As you celebrate and would be there, i surely would buy you Some good old cocktails ..... so cheers drink one of me  

All that will be needed this weekend is alcohol and good company.

[El duderino_]

Each time i use Fiat to purchase

via Imgflip Meme Generator

Yeah, SORRY, but i’m a failure.    “Hodling meanwhile”

[Dig Bicks]

I still think bitcoin is a scam because it wasn't a fair launch bit its still a lot better than the corrupt fiat system.

I'm calling 16k by end of this year.

[HairyMaclairy]

Haha that’s an incendiary first post - welcome !

[Last of the V8s]

It was knocking about the cypherpunk mailing list for a couple months before launch.
The only people who could possibly have been interested at that time.
Anyone who was anyone could have mined and contributed from day one or even before.

[Dig Bicks]

It was knocking about the cypherpunk mailing list for a couple months before launch.
The only people who could possibly have been interested at that time.
Anyone who was anyone could have mined and contributed from day one or even before.

That doesn't make it a fair launch.  Satoshi was able to mine one million bitcoins himself.


I'm a crypto supporter but the fact that one guy owns such a large percentage of bitcoins scares off new investors.  This whole thing looks like a giant ponzi scheme from the outside.

[hv_]

https://abacusjournal.com/exclusive-goldman-sachs-and-bakkt-goldman-wont-go-it-alone-with-crypto-custody-product-will-rely-on-bakkt-infrastructure/