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

[OutOfMemory]

Please BTC if you have no fuel.. go directly to the target 40-43K. Then we can talk properly for reversal and next up leg step  

re-testing stronger support at about $47.5k
Might as well go straight up from there. If not now, then probably like next time.

You are absolutely right. 47500 is strong support.




https://www.tradingview.com/chart/BTCUSDT/ZXncFUun-THE-TOP-OWNER-WHALE-ADD-MORE-AND-GRAYSCALE-SHOWS-GREEN-52k/

LOL. 47.5K was broken in 10seconds so.. New local bottom is 46.9K

*cough*

$48.7k and rising.

Not the point. We printed a new local bottom, below 47.5K.

Indeed, i wasn't precise, had my orderbook grouping at $250, but we dipped into $47k-ish and instantly went up to $47.250.
But the next move up after that was about clear, SOMA.
Hope it will keep that momentum.

[Syke]

A lower tax "rate" doesn't mean they paid less. The rich are paying more than their fair share, the poor are paying nothing

Wrong, again. My guess is you think federal income tax is the only tax.

https://itep.org/whopays/

The nationwide average effective state and local tax rate is 11.4 percent for the lowest-income 20 percent of individuals and families.

[BitcoinBunny]

Speaking of... I've put my Rottweiler on a vegan diet. So far I've fed him three of the bastards.

Nice quick recovery to 50K+

[philipma1957]

Speaking of... I've put my Rottweiler on a vegan diet. So far I've fed him three of the bastards.

Nice quick recovery to 50K+

Yeah Let us see 52 before I go to sleep in 3-4 hours.

Would be nice to see my May 1 70k number come in.

[Sayeds56]

Please BTC if you have no fuel.. go directly to the target 40-43K. Then we can talk properly for reversal and next up leg step  

re-testing stronger support at about $47.5k
Might as well go straight up from there. If not now, then probably like next time.

You are absolutely right. 47500 is strong support.




https://www.tradingview.com/chart/BTCUSDT/ZXncFUun-THE-TOP-OWNER-WHALE-ADD-MORE-AND-GRAYSCALE-SHOWS-GREEN-52k/

LOL. 47.5K was broken in 10seconds so.. New local bottom is 46.9K

*cough*

$48.7k and rising.

Not the point. We printed a new local bottom, below 47.5K.

Indeed, i wasn't precise, had my orderbook grouping at $250, but we dipped into $47k-ish and instantly went up to $47.250.
But the next move up after that was about clear, SOMA.
Hope it will keep that momentum.

[ivomm]

I totally exected this because of Bitstamp's order book and other signs. How stupid on behalf of the bears to try a suicide dump like that.

[shahzadafzal]

$50.7k ↑

[Toxic2040]

the Sunday wall report

Answering a friends question about Ichimoku...old news for some but a refresh never hurt no one

#dyor

sure..typically breaking up or down thru span A or B..what I call the top and bottoms of the cloud indicates that the other span above or below will be tested
you have to keep in mind that Span A and B swap places depending on if the candles are 'above or below" said cloud
5:26
for instance on the daily..which is the chart I was talking mostly about...we are battling right below and on Span B
5:27
actually on a steep vertical which I typically infer as 'slippery'
meaning price will tend to slide up and down quite easily along that axis
5:29
then Span B is a long straight horizontal...what I call 'hard'..price ranged there and people where comfortable buying and selling at that range...a 'hard' spot if you will
5:33
Now to answer your specific question...if there is a solid break above a Span...and a close above said span..then you typically can expect the Span above or below to also be challenged..
ranging inside a 'cloud' indicates market indecision as well and will be followed by a sharp break away from that price range





5:33
there you go...ichimoku in a nut shell

Some new short fibs on the four hour and daily charts
4h


$52,401.42 upcoming Span B horizontal
D



Down 27.58% over the last couple of weeks...indicators reset and cooled


fyi weekly kijun sen now @ $39,057.61
5:56
everything still moving in the right direction
5:56
dont panic
5:56
that is all
W

#stronghands

[JimboToronto]

I totally exected this because of Bitstamp's order book and other signs. How stupid on behalf of the bears to try a suicide dump like that.

Bears never were very bright.

[BitcoinBunny]

We could be on the move here.

[lightfoot]

Toot toot!

[Richy_T]

[Arriemoller]

A lower tax "rate" doesn't mean they paid less. The rich are paying more than their fair share, the poor are paying nothing

Wrong, again. My guess is you think federal income tax is the only tax.

https://itep.org/whopays/

The nationwide average effective state and local tax rate is 11.4 percent for the lowest-income 20 percent of individuals and families.

No, I think he means that a millionaire that pays X percent in tax pays a lot more in actual dollars then someone with, say, a 40 000 dollar a year income does if he pays the same percentage.

[Arriemoller]

Speaking of... I've put my Rottweiler on a vegan diet. So far I've fed him three of the bastards.

Nice quick recovery to 50K+

Yeah Let us see 52 before I go to sleep in 3-4 hours.

Would be nice to see my May 1 70k number come in.

You got it.

[BitcoinBunny]

[shahzadafzal]

Content Warning
18+
NSFK (Not Safe For Kids)
Original content...

[DaRude]

Really? lower 50% now own more land/resources than ever before? Cause this is a bitcoin forum and surely you wouldn't try to deceive by measuring "wealth" of lower 50% in absolute 2021 US dollars now would you?

Well, then why have brackets for everything else and leave 20% cap gain static for ultra wealthy, what makes it such a perfectly balanced number? Why was it fine at 35% in the 70s but now only a dirty commie would suggest bumping it to 21%? Following your logic on how filthy rich are more efficient than poor, then it'll be logical to raise taxes on poor and middle class (there's 0 chance they'll get us to Mars) and lower it for ultra rich? Then just hope really really hard that out of hundreds of billionaires that spend their money on hookers and blow and writing their names to be seen from space (as their rightfully should, it's their damn money , new idea for Bob?) the next one hopefully turns out like Musk and decides to find cure for cancer?

This is just the US but the whole world is on a similar trajectory as long as we don't ruin it by some shortsighted socialist policies.
https://fred.stlouisfed.org/series/WFRBLB50107

Well, then why have brackets for everything else and leave 20% cap gain static for ultra wealthy, what makes it such a perfectly balanced number?

Because investment money is what allows businesses to be created, expanded, and to create jobs. Jobs aren't magical things that appear on their own. More taxes on investment money means less investment. You're not going to fix any of the wealth gap by increasing taxes anyway. They will not pay the taxes. They will just reduce investment or move to a more tax friendly country. Even when the rates were high in the past, they did not collect more taxes as a percentage of income. The wealthy will just change their behavior to avoid the taxes. It's game theory.

If you want to change the wealth gap for real and not as part of a socialist agenda, stop shopping at Amazon and using products or services from huge companies. We can go back to mom and pop shops and the wealth will be more evenly distributed.

Again, taxation will never change "wealth inequality" short of full on socialism/communism where the companies are taken away from the owners. The US tax system is already one of the most progressive in the world so stop complaining and enjoy what your ancestors built for you.

There are a surprising number of progressives / socialists here on what is a primarily a speculation forum. Its possibly what makes it a lively place for discussion.

There is one good example to compare both systems.

In 1953 Korea was divided.

Two countries starting off at same level after the utter destruction from war.

Today DPRK has GDP PPP of $1.700 whilst ROK has GDP PPP $47.000

So in the North you'd pay 30 years salary for 1BTC
In the South just 1 years salary for 1BTC.

Right, right, i see, so in the '70 where wealth was more evenly distributed, kids with a college degree were pretty much guaranteed a good paying job, 10yrs since NASA got us to the moon, and overall there was less civil unrest, in reality it was a North Korea because cap gain tax was at 35%? And anyone suggesting we go back to that is a dirty red commie, because ultra wealthy top 0.3% need more of our support just in case another one decides to cure cancer or something like that?

[rolling]

A lower tax "rate" doesn't mean they paid less. The rich are paying more than their fair share, the poor are paying nothing

Wrong, again. My guess is you think federal income tax is the only tax.

https://itep.org/whopays/

The nationwide average effective state and local tax rate is 11.4 percent for the lowest-income 20 percent of individuals and families.

The whole discussion is about Biden's plan to raise the capital gains tax at the "federal" level.

[DaRude]

A lower tax "rate" doesn't mean they paid less. The rich are paying more than their fair share, the poor are paying nothing

Wrong, again. My guess is you think federal income tax is the only tax.

https://itep.org/whopays/

The nationwide average effective state and local tax rate is 11.4 percent for the lowest-income 20 percent of individuals and families.

No, I think he means that a millionaire that pays X percent in tax pays a lot more in actual dollars then someone with, say, a 40 000 dollar a year income does if he pays the same percentage.

Yeah he's trying to pull numbers in absolute unadjusted USD which should be a capital offense on this forum. 

[Richy_T]

Ironic.