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

[dieselmeister]

oh c'mon .... several huge long liquidations ... and no fiat to buy the dip ... damn...

Don't worry each and every government is printing their paper money continuously.

But they don't give it to me for free .. I have actually work for it... so... next month again some small buys... Thank you anyways for cheering me up. 

[dieselmeister]

BlackRock Give 2 Funds Go-Ahead to Invest in Bitcoin Futures

Boom!

So we getting more pressure through long liquidations ... I am very sceptical, that's a good thing at all.

[d_eddie]

BlackRock Give 2 Funds Go-Ahead to Invest in Bitcoin Futures

Boom!

Not necessarily a good thing. It's good as it continues to signal growing WS interest, but also potentially dangerous: fuckery with derivatives has brought trouble to btc price. We've all seen it. I would have liked it much better if the funds had got the go-ahead for direct bitcoin exposure. it would have been one more Michael Saylor, so to say. We need more of those. Many more.

[Gyrsur]

THIS IS FINE! (at least so far)

[dieselmeister]

THIS IS FINE! (at least so far)

and if we broke through the bottom at the end of the triangle, than we are fucked or more "buy the fucking dip"-again ...

[Gyrsur]

THIS IS FINE! (at least so far)

and if we broke through the bottom at the end of the triangle, than we are fucked or more "buy the fucking dip"-again ...

I hope not but who knows in advance.  

EDIT: 1/25 at latest as I mentioned already.

[bkbirge]

BlackRock Give 2 Funds Go-Ahead to Invest in Bitcoin Futures

Boom!

Not necessarily a good thing. It's good as it continues to signal growing WS interest, but also potentially dangerous: fuckery with derivatives has brought trouble to btc price. We've all seen it. I would have liked it much better if the funds had got the go-ahead for direct bitcoin exposure. it would have been one more Michael Saylor, so to say. We need more of those. Many more.

This, "fuckery with derivatives" is bad penny that keeps turning up (or the bankers keep trying to turn it up). Would be so nice if all these new financial "products" were required and verified to be backed 1:1 with btc.

[explorer]

Seems the Yellen announcement has some people spooked.

What I don't understand is why Yellen and others are seeing "cryptocurrency" as a "growing concern for terrorist financial movements".

The event that sparked this was a group of right extremists that received "donations" in the form of BTC a month prior to the DC shenanigans a couple weeks ago.

Let's think about this... we are able to see the transaction, when it happened, identify who received it down to individual names, and determine the amounts.  All of this solely because it was in the form of BTC and can be seen on the block chain.

If this transaction happened via cash, no one would know any of these details. It never would of been brought to light.  

To me, this is like complaining about the check engine light coming on in the car instead of fixing the damn car.  If it wasn't for that light you wouldn't know there was a problem in the first place.

When will these people start using the tools instead of blaming them?

   You are missing the point.  These people NEVER speak the truth.  Consider replacing every word uttered with "blah blah blah".  It will make a lot more sense then.

[Wekkel]

Let's have a look at the previous bull market.

https://i.ibb.co/r3w1D9K/2017bull.png

The first leg up lasted for 79 days with 224% gains. The following correction lasted for 34 days, ending with a big fakeout (-39% from ATH) before the next leg up.

Looking at the other corrections, we can see that they all ended in a similar way, with a big dip before going up again.


Now let's have a look at the current market.

https://i.ibb.co/JkPcFvn/2020bull.png

Here the first leg lasted for 93 days with 295% gains. The currect correction that we are in right now have resulted in a 27% dip so far.

If the current bull market will behave anything like the previous one, it would indicate that we are in for a bigger correction before going up again.

But hey, what do I know. This time it's different ^TM, right?

(Sorry for the big pics, but they became unreadable when I was trying to scale them down)

Thanks for the comparisons. This provides some perspective on the current correction and what we may expect the next few months. I'm afraid the shake outs will still scare traders/hodlers out of their coins and leave them in the dust when the rally resumes. When will they learn just to HODL  

[erre]

THIS IS FINE! (at least so far)

and if we broke through the bottom at the end of the triangle, than we are fucked or more "buy the fucking dip"-again ...

Seems that the 24 hours are critical, to the moon or definetly death

[Gyrsur]

 

[OutOfMemory]

THIS IS FINE! (at least so far)

and if we broke through the bottom at the end of the triangle, than we are fucked or more "buy the fucking dip"-again ...

Seems that the 24 hours are critical, to the moon or definetly death

This is sooo.... binary 
WO became a lil bearish, it seems?

[dieselmeister]

Texts the girl,  that has probably several decades of psychological therapy ahead... So nice future Greta 😂😂

[dieselmeister]

THIS IS FINE! (at least so far)

and if we broke through the bottom at the end of the triangle, than we are fucked or more "buy the fucking dip"-again ...

Seems that the 24 hours are critical, to the moon or definetly death

This is sooo.... binary  
WO became a lil bearish, it seems?

Sorry, if we break through the roof, moon is the next move...

[vroom]

Florida man goes home after four tumultuous years in public office.

[Globb0]

Jobless guy breaks travel ban

[explorer]

This pullback on relatively low volume.  Interesting...

Seems impossible to imagine we are done with this cycle's run.  And bitcoins fundamentals have never been so crazy-bull.  I remember so many of these in 2017.

Wonder if we gotta bounce off the bottom of Explorer's channel?

Boing!



Now to hang on to it...

[LFC_Bitcoin]

https://twitter.com/petermccormack/status/1351984731810914305?s=21



@MacroScope17
BlackRock just filed documents with the SEC that contain extensive discussion of Bitcoin. Excerpt: "Certain Funds may engage in futures contracts based on bitcoin."

This appears to be the first time BlackRock has made such mentions.

Link to filings:
https://www.sec.gov/edgar/search/#/q=bitcoin&dateRange=custom&entityName=BlackRock&startdt=2021-01-20&enddt=2021-01-20
https://twitter.com/macroscope17/status/1351952782241243140?s=21

[Krubster]

I think we all can relate...

[Mbitr]

Never cross a women - they never forget



Greta’s long game is exceptional