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

[Kylapoiss]

We should change the 100k party to 50k party so we have some partying to do while we wait for the price to rise

I've run out of reasons to drink

[1714692535]

1714692535

[1714692535]

1714692535

[1714692535]

1714692535

[ChartBuddy]

Explanation

[cAPSLOCK]

Interesting chart.  The bit missing is the price seeking level related to the NEXT halving.

[cAPSLOCK]

We should change the 100k party to 50k party so we have some partying to do while we wait for the price to rise

I've run out of reasons to drink

Just take a shot every time Chart Buddy posts a 40k crossing in either direction.  I suggest buying a liter of whatever you like because it might go fast.

[kellrobinson]

[kellrobinson]

Interesting chart.  The bit missing is the price seeking level related to the NEXT halving.

quadratic regression on the logarithmic scale indicates $76k
There's an app a chart for that ha ha

[cygan]

a dream of every BTC hodlers



https://twitter.com/BTC_Archive/status/1397282997750075395


and here is a DOGE version

[kellrobinson]

Interesting chart.  The bit missing is the price seeking level related to the NEXT halving.

Your wish is my command.

[cAPSLOCK]

Prediction:

New ATH by mid June.

Quote it for posterity gentlemen.

Oh?

So we are skipping an ATH for May?

I was told a new ATH for every month in 2021.

So bitcoin changed its mind about May?

That sucks.

[Kylapoiss]

We should change the 100k party to 50k party so we have some partying to do while we wait for the price to rise

I've run out of reasons to drink

Just take a shot every time Chart Buddy posts a 40k crossing in either direction.  I suggest buying a liter of whatever you like because it might go fast.

Good idea, cheers mate

[shahzadafzal]

I’m knew it China and Elon are not only the reasons behind this.

I have no idea about how this leverage thing, how it works..? I have never tried but this seems convincing based on this wild up and down fluctuations between $30k-$40k lines.



https://www.cnbc.com/2021/05/25/bitcoin-crashes-driven-by-big-margin-bets-new-crypto-banking.html

[cAPSLOCK]

Slow upwards grind now until the end of summer & then moon? We can hope hey but oh my, those couple of weeks were horrible. I have to admit I was petrified haha, sold nothing though.

Same, I did buy a little though.  First time in over a year I bought that much too...  So I am kind of still nervous.

[Hueristic]

a dream of every BTC hodlers



https://twitter.com/BTC_Archive/status/1397282997750075395


and here is a DOGE version

This is what the term "gauche" was coined for.

[suchmoon]

I have no idea about how this leverage thing, how it works..? I have never tried but this seems convincing based on this wild up and down fluctuations $30k-$40k lines.

It's simple, borrow 100x of what you have and trade with it... 100x profit but 100x loss too, so if corn goes down 1% your collateral gets liquidated. Amazingly there is no lack of math-challenged idiots who think this will never happen to them.

[cAPSLOCK]

I know Raoul Pal isn't always the most liked around here but he is spot on here. Open the link for all of his comments.

https://twitter.com/RaoulGMI/status/1397172575810228225

He is a very smart dude with lots of insight.  It's just his "big bad maxi" narrative that is annoying.  He may not realize that the whole "Ethereum is actually more amazing than Bitcoin" argument is fairly worn out for people who have been paying ACTIVE attention for longer than him.  He actually goes WAY back in having interest in "crypto" but only came out guns blazing this halving epoch.

But he is spot on here, and the contrast he is pointing out is still not really being heard over the ROAR of "ZOMG BITCOIN VOLITILE CANNOT BE SOV" screaming noise.

But we are getting closer.

[luckygenough56]

eth is a turd

I have no idea about how this leverage thing, how it works..? I have never tried but this seems convincing based on this wild up and down fluctuations $30k-$40k lines.

It's simple, borrow 100x of what you have and trade with it... 100x profit but 100x loss too, so if corn goes down 1% your collateral gets liquidated. Amazingly there is no lack of math-challenged idiots who think this will never happen to them.

now you know you don't need to own bitcoins to make money or crash it, just borrow a few thousands with ur MM pals and do a coordinated dump, -50% there you go gg easy wp

margin trading is dope for trading alts, in fact i only trade shortable alts. incremental long or short is power because they can't sustain a pump more than a few hours and they bounce hard in during frenzy times.

Do not recommend when market is flat tho

And here i thought 5x was already very dangerous (100x oh my how it is even allowed )

[ChartBuddy]

Explanation

[ivomm]

New ETF Invests in @Grayscale #Bitcoin Trust $GBTC $SPBC
The fund, filed with the Securities and Exchange Commission on May 23, will invest at least 80% of its net assets in U.S. equity securities, and expects to invest up to 15% of net assets in Bitcoin via the Grayscale Bitcoin Trust.
The SEC has not prohibited the closed-end funds invested in Bitcoin (like Grayscale), lawyer Nicolas Morgan said.
https://twitter.com/Sonnenshein/status/1397568938276532224
https://www.thinkadvisor.com/2021/05/25/new-etf-would-invest-in-grayscale-bitcoin-trust/?cmp=share_twitter

My comment: Greyscale vs SEC - check and mate!

[JayJuanGee]

Slow upwards grind now until the end of summer & then moon? We can hope hey but oh my, those couple of weeks were horrible. I have to admit I was petrified haha, sold nothing though.

So?  ATH wen?

You talking August or maybe September before we get to another ATH.. or maybe the end of July?

I understand it is not fair for me to try to pin point you, but you are being vague.. probably on purpose....

How is blindmayor, by the way?  Weren't you both in and about the same location - eating chocolates from under the cupboard for the past several days? 

 

I know Raoul Pal isn't always the most liked around here but he is spot on here. Open the link for all of his comments.

https://twitter.com/RaoulGMI/status/1397172575810228225

How could he be "spot on" when he is muddying his thinkenings with shitcoins?

I will grant that he said a lot of things that are reasonable or fair assessments in a muddied kind of way, but we give way too much credit to anyone who is muddying their thoughts.. and cannot even figure out a way to use the word bitcoin... and so thereby contributes to others muddying their thoughts on the topic as well.

[gallianooo]

https://twitter.com/DocumentingBTC/status/1397590905406754818?s=20