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

[Last of the V8s]

Oh it's his tie. I couldn't think for a moment

[1714162839]

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[Toxic2040]

the noon wall report at 1:09pm

Technical indicators continue to wane and consolidation seems again to be the order of the day. #dyor

rooster closes mouth
4h


long shadows just before dawn
D

#stronghands

[HairyMaclairy]

I can’t post a decent screenshot from my phone, but the mem pool looks to be quietly building in the background.

https://jochen-hoenicke.de/queue/#0,3m

[Biodom]

I can’t post a decent screenshot from my phone, but the mem pool looks to be quietly building in the background.

https://jochen-hoenicke.de/queue/#0,3m

Right...$3-4 for a fast tx (200sat/byte). Recently, it was much less, but still OK (not great).
Not good for multiple input tx or buying something cheap sans LN, that's for sure.
A temporary situation, I hope. That said, I am earning off of that  
One of the recent blocks had 26% of the block reward in fees (on the top of 6.25 BTC)

[JayJuanGee]

I can’t post a decent screenshot from my phone, but the mem pool looks to be quietly building in the background.

https://jochen-hoenicke.de/queue/#0,3m

Organic growth, spam attack, or some processing deficiencies?

There have been some arguments, recently, for some kind of preference for the growth of a fee driven model, and this could be part of a movement in that direction (that seems to be preferred by some peeps).

Makes it more difficult to consolidate a bunch of small utxos, but how much (nearly free) consolidatings do people need to be doing?

[marcus_of_augustus]

Just popped in to tell you that I'm slowly getting my sense of smell back, never lost taste, but everything tasted bland and insipid.
Had a big mac today and it tasted good (don't worry, I used the drive through).

Watch carefully, some of the severe cases are when the patient appears to be recovering and then relapses quite suddenly (within 12-24 hrs).

The return of appetite and heavy sleep are really good signs you maybe past the worst though. Keep fluid intake well up, need to flush the debris from the infection out.

Also here's a recent medical treatment schedule that might be helpful but you're well advanced so maybe better for others in their early days. Basically vit. C zinc and vit. D3 and quercetin if you can get hold of it (all should be non-perscription). Curcumin is probably useful too as it has blood thinning and anti-inflammatory effects.
https://www.evms.edu/media/evms_public/departments/internal_medicine/EVMS_Critical_Care_COVID-19_Protocol.pdf

Here's another but meds are likely prescription-only and likely hospitalised cases.
https://covid19criticalcare.com/wp-content/uploads/2020/04/MATHTreatmentProtocol.pdf

[HairyMaclairy]

Hash power is falling somewhat so I expect it is a function of slightly slower blocks. 

Which is good as slower block speed further reduces supply, supporting price. 

[JL0]

Masterluc aka Pentarudi newest Update

Just dropping some stones into short term bearish pan. Hidden bearish divergences on daily chart.

[Wekkel]

Hardly a divergence.

At this point, TA doesn’t tell much. It could rocket up any time.

[Hueristic]

Masterluc aka Pentarudi newest Update

Just dropping some stones into short term bearish pan. Hidden bearish divergences on daily chart.

Hahaha, ask Mindrust how listening to MasterLuc has worked out. 

[AlcoHoDL]

When it comes to Bitcoin, that's the best (and only) TA you'll ever need.

https://bitcoin.org/bitcoin.pdf

[heslo]

Masterluc aka Pentarudi newest Update

Just dropping some stones into short term bearish pan. Hidden bearish divergences on daily chart.

Hahaha, ask Mindrust how listening to MasterLuc has worked out. 

Haha rough! Valid, but rough

[hv_]

When it comes to Bitcoin, that's the best (and only) TA you'll ever need.

https://bitcoin.org/bitcoin.pdf

Nice reference!

Like that doc, it's the best of the century imo


Speculation/ TA falls just apart next to it

[El duderino_]

Masterluc aka Pentarudi newest Update

Just dropping some stones into short term bearish pan. Hidden bearish divergences on daily chart.

Hahaha, ask Mindrust how listening to MasterLuc has worked out. 

Well deserved last merits..... !!!!!!

[Icygreen]

Just popped in to tell you that I'm slowly getting my sense of smell back, never lost taste, but everything tasted bland and insipid.
Had a big mac today and it tasted good (don't worry, I used the drive through).

Glad to hear you're doing better but a Big Mac as first food choice? Unless you're purposefully taunting health,  I hate to be the realist but McD's does not serve nutrition, like.. at all, more like a toxic preserved colon plug that will feed on your struggling immunity.  You may dodge a covid bullet and step on a Mickey D's landmine. 

[Toxic2040]

nice gif

+1 WOsMerit


You can see the shock wave travel across him..watch he's pullover.  I might be worried about a TBI honestly.

[ssmc2]

Just popped in to tell you that I'm slowly getting my sense of smell back, never lost taste, but everything tasted bland and insipid.
Had a big mac today and it tasted good (don't worry, I used the drive through).

Glad to hear you're doing better but a Big Mac as first food choice? Unless you're purposefully taunting health,  I hate to be the realist but McD's does not serve nutrition, like.. at all, more like a toxic preserved colon plug that will feed on your struggling immunity.  You may dodge a covid bullet and step on a Mickey D's landmine.  

He could do worse than a burger. Sure, maybe the bread is not that great for you but their beef is 100% real cow. And he probably was in need of a caloric surplus so that would help fit the bill lol.

[Toxic2040]

the evening wall report

Salutations all.

Bitcoin has traded in a decreasing range today as both volatility and volume declined somewhat. Most hodlers seem to be out and about enjoying what for some might be the first Saturday of freedom in awhile.

Bulls have established support around the 0.382 fib and seem intent on testing resistance at the 0.236 fib.   dyor

increasing fetch as land approaches
4h


jibing against southerlys
D

stronkhands

[Arriemoller]

Thank you Hairy, thank you heslo.

I have had almost no appetite, but this morning I woke up around six o clock (after going to sleep at about 3 in the afternoon, yes that's how much I sleep) and was hungry as a bear after winter, and had a craving for a hamburger.
So, Bic mac and co, coffee with lots of milk, and apple pie. The biggest meal i have had for weeks.

Doesn't sound like the Flu...

Good to hear you're alive. Any ideas on how you might have gotten it?

Yes, my idiot brother went to a dinner party, one of the guests was infected, he then passed it on to me.

[bitebits]

I can’t post a decent screenshot from my phone, but the mem pool looks to be quietly building in the background.

https://jochen-hoenicke.de/queue/#0,3m

Organic growth, spam attack, or some processing deficiencies?

There have been some arguments, recently, for some kind of preference for the growth of a fee driven model, and this could be part of a movement in that direction (that seems to be preferred by some peeps).

Makes it more difficult to consolidate a bunch of small utxos, but how much (nearly free) consolidatings do people need to be doing?

Hashrate dropped after the halving with about 30%. Blocks are currently taking an average of 13 minutes instead of 10. Unique about this halving is that we need to wait 1008 blocks (which now might take 9.1 days instead of 7) to get to the next difficulty adjustment. The difficultly will then be adjusted (downwards) based on the average block time over the last 2016 blocks.  

https://bitinfocharts.com/comparison/bitcoin-confirmationtime.html#3m

This alone explains fees 30% higher than before the halving. From the whitepaper:

To compensate for increasing hardware speed and varying interest in running nodes over time, the proof-of-work difficulty is determined by a moving average targeting an average number of blocks per hour. If they’re generated too fast, the difficulty increases.