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

[whiteboy420]

BTC/USD
Long/Short Ratio
77:22
% of supply long:short
0.16:0.047
Long Daily Charge
$43,992
Short Daily Charge
0.49316 BTC
Total Long
29,399 ($195,903,176)
Funded Longs
$129,389,054
Total Short
8,420 ($56,107,512)
Funded Shorts
6,489 BTC


leveraged positions pilling on.

funding getting ridiculous.

started a small long.

observing 6550.

who sold at the bottom ?

[Lauda]

Every time we dip a bit stronger than usual, most of WO is scared shitless with their "reasonable" worst-case bullshit estimates. So disappointing, especially given the size and history of the thread.

I see no panic around. Do you?

Right, and stuff like "no movement till 2024 halving" is a rational opinion or assessment after such a dip? It's fear and panic disguised as staying calm. Maybe I made the mistake of assuming that the average person here is smarter than a monkey?

[Jercyhora2]

The halvening effect comes after halving and not before. Until then a lot of things can happen. There is a long time still to go.

How do they manage to know when Bitcoin halving  is?
Or does Bitcoin BlockChain has given date of halving

[whiteboy420]

BTC/USD
Long/Short Ratio
78:21
% of supply long:short
0.16:0.043
Long Daily Charge
$44,462
Short Daily Charge
0.45404 BTC
Total Long
29,322 ($209,537,944)
Funded Longs
$127,033,374
Total Short
7,809 ($55,803,895)
Funded Shorts
5,821 BTC

i guess we go up now until we get rid of enough shorts to normalize the funding.

[El duderino_]

Every time we dip a bit stronger than usual, most of WO is scared shitless with their "reasonable" worst-case bullshit estimates. So disappointing, especially given the size and history of the thread.

I think most established WO-members are not worried, let’s just hope your not talking about yourself here Cause for me most of the people I respect are not disappointing me at all.....
When you say most of the WO and you talking about new-ish people that’s just because they not used to BTC as most veterans are.
I hope you HODL strong and being an example as most of us WO’s for the newer people who try to learn something about BTC on this forum and at this topic.

[qwizzie]

The halvening effect comes after halving and not before. Until then a lot of things can happen. There is a long time still to go.

How do they manage to know when Bitcoin halving  is?
Or does Bitcoin BlockChain has given date of halving

https://www.bitcoinblockhalf.com/

[Bossian]

The halvening effect comes after halving and not before. Until then a lot of things can happen. There is a long time still to go.

How do they manage to know when Bitcoin halving  is?
Or does Bitcoin BlockChain has given date of halving

Expected in six or seven months from there but personally not buying the hype.

[Bossian]

I love it how Bitcoin is almost 100% technical analysis and 0% fundamentals.
The connection with the China news is not obvious IMO. As usual technical analysis is dictating the price.

Bitcoin has became purely a speculation asset.

[Alexander_Z]

Every time we dip a bit stronger than usual, most of WO is scared shitless with their "reasonable" worst-case bullshit estimates. So disappointing, especially given the size and history of the thread.

I see no panic around. Do you?

Right, and stuff like "no movement till 2024 halving" is a rational opinion or assessment after such a dip? It's fear and panic disguised as staying calm. Maybe I made the mistake of assuming that the average person here is smarter than a monkey?

"No new ATH" is not equal to "no movement", unless you consider 2x or even 3x ups and downs as "no movement". The problem is not the current dip, but the trend. The end of the cyptowinter is not confirmed and, unfortunately, past performance is no guarantee of future results.

[Jercyhora2]

The halvening effect comes after halving and not before. Until then a lot of things can happen. There is a long time still to go.

How do they manage to know when Bitcoin halving  is?
Or does Bitcoin BlockChain has given date of halving

https://www.bitcoinblockhalf.com/

Thanks,

Now I know, this feature make Bitcoin investor make tempting effect to the coin. I really like the idea of this, now I realize why Bitcoin is possibly take a bull run after this

[vroom]

who let the bears out?

[ivomm]

who let the bears out?

Camera recorded bear escape:

[LFC_Bitcoin]

who let the bears out?

Camera recorded bear escape:

COMING SOON.....

[Lauda]

Every time we dip a bit stronger than usual, most of WO is scared shitless with their "reasonable" worst-case bullshit estimates. So disappointing, especially given the size and history of the thread.

I see no panic around. Do you?

Right, and stuff like "no movement till 2024 halving" is a rational opinion or assessment after such a dip? It's fear and panic disguised as staying calm. Maybe I made the mistake of assuming that the average person here is smarter than a monkey?

"No new ATH" is not equal to "no movement", unless you consider 2x or even 3x ups and downs as "no movement". The problem is not the current dip, but the trend. The end of the cyptowinter is not confirmed and, unfortunately, past performance is no guarantee of future results.

All of what you said confirms what I mentioned prior. There is no "winter", just inexperienced bears trying to use old-world TA on the new world and hope they see a few lines. Pathetic really, but I guess if you got nothing better to do it is what it is.

[Alexander_Z]

This is also possible. Hope for the best (planning to hold most of my coins for a long time), but prepare for the worst (thinking about trading for quicker gains).

I don't think there'll ever be the same expansion in infrastructure meeting the same reduction in production again. It could well be a golden one off.

Probably, at least for a couple of coming decades or so.

[Yaplatu]

Source Twitter : @daaniyaan

[Bossian]

Every time we dip a bit stronger than usual, most of WO is scared shitless with their "reasonable" worst-case bullshit estimates. So disappointing, especially given the size and history of the thread.

I see no panic around. Do you?

Right, and stuff like "no movement till 2024 halving" is a rational opinion or assessment after such a dip? It's fear and panic disguised as staying calm. Maybe I made the mistake of assuming that the average person here is smarter than a monkey?

"No new ATH" is not equal to "no movement", unless you consider 2x or even 3x ups and downs as "no movement". The problem is not the current dip, but the trend. The end of the cyptowinter is not confirmed and, unfortunately, past performance is no guarantee of future results.

All of what you said confirms what I mentioned prior. There is no "winter", just inexperienced bears trying to use old-world TA on the new world and hope they see a few lines. Pathetic really, but I guess if you got nothing better to do it is what it is.

Time will tell of course, but it's funny how you refute the relevance of technical analysis when just two weeks ago many traders predicted a down trend with the support at 6.4k, and guess what the support is 6.4k is real. It clearly shows today. It's not imaginary stuff. It's pure fact.

I am not talking about these bearish predictions based on nothing, but these short term bearish predictions based on facts.

10 days ago I wrote a post to advise selling around 8.X and buy back below 7k. Then I said I would buy again (I just did at 6870) as I am confident the price bounce back from there.
This was purely based on TA and nothing else. There are a lot of experienced traders predicting this 7k price for like 2 or 3 weeks now. It happened just like they said. But by reading your post it seems nothing can convince you that TA can be relevant. On the other hand, a simple "to the moon" analysis can convince many. The irony....

[Alexander_Z]

All of what you said confirms what I mentioned prior. There is no "winter", just inexperienced bears trying to use old-world TA on the new world and hope they see a few lines. Pathetic really, but I guess if you got nothing better to do it is what it is.

Almost two years of mostly under 10k (and months under 5k) after 20k spike is no winter? That is an interesting point of view...

[Bossian]

All of what you said confirms what I mentioned prior. There is no "winter", just inexperienced bears trying to use old-world TA on the new world and hope they see a few lines. Pathetic really, but I guess if you got nothing better to do it is what it is.

Almost two years of mostly under 10k (and months under 5k) after 20k spike is no winter? That is an interesting point of view...

To be fair, many Bitcoin holders are hoping for a nice profit in 5 or 10 years from now. It's possible, I think 2 years is small, from what I can imagine 2020 will be poor, but 2022-2025 could be very good. I will myself keep a bit of BTC and also some ETH just in case.

But short term TA is relevant, it proved many times, that was my point.

[Bossian]

This is post #1:





The irony when we see some posts in this thread blaming the use of TA.