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

[El duderino_]

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[techearn17]

I think we move more sideways 

[Arriemoller]

Well, time to hit the sack. See you tomorrow.

[ChartBuddy]

Explanation

[philipma1957]

I hope y'all won't mind a little coffee fueled Sunday Long Post...  If so, please skip ahead about 15 inches of screen (sorry).

Holy shit.. 15".. what you trying to do?  Break my laser eyeballs?

Wow he is long and you are short damn.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Toxic2040]

the Sunday wall report

the black and white of it


Bitcoin continues into the second week of June with more consolidation and accumulation after a sharp selloff at the end of May. Short and medium term indicators are swinging back towards a more bullish outlook whilst the only thing really standing out is a weekly MA cross over that probably needs a eye kept on.

tx's broadcasting...value being stored
check

fire up the number two turbine and prepare to answer bells for all ahead two thirds aye aye sir

steady as she goes

W




D




4h




1h



#stronghands

[ChartBuddy]

Explanation

[DaRude]

Jack Mallers Announces El Salvador Bitcoin Adoption
https://www.youtube.com/watch?v=3uGOfqN2y9k

Watch it in case you have any doubts about the future of Bitcoin. Worrying about the ticker price can sometimes almost be embarrassing. Bitcoin is hope.


Edit:

I think he is wrong there, as far as I know capital gains tax is applied to all capital gains, including gains made from selling and buying currencies. At least were I live.

There's a $200 exception in US. e.g. if you exchange 1.000USD for EUR at the Amsterdam airport, and the exchange rate moves in your favor so by the time you get to the red light district you get $1.200 worth of services $200 you're no expected to pay capital gains. Following that logic you should be able to pay for coffee over LN without worrying about taxes

[ChartBuddy]

Explanation

[DaRude]

Jack Mallers Announces El Salvador Bitcoin Adoption
https://www.youtube.com/watch?v=3uGOfqN2y9k

Watch it in case you have any doubts about the future of Bitcoin. Worrying about the ticker price can sometimes almost be embarrassing. Bitcoin is hope.


Edit:

 The US and Canada enforces capital gains tax on currency transactions so it doesn't make a difference in my case unless the net gain (or loss) is less than $200... I can't live on that!

Not a legal advise, but the way i read it, it's $200 capital gain per transaction. So if you you buy a $7 coffee in the morning, have a $40 lunch, and then pay $100 for a dinner, and then hit up few bars not spending over $200 in each, all of it shouldn't be taxable.

such transaction is a personal transaction,
no gain shall be recognized for purposes of this subtitle by reason of changes in exchange rates after such currency was acquired by such individual and before such disposition. The preceding sentence shall not apply if the gain which would otherwise be recognized on the transaction exceeds $200.

https://www.law.cornell.edu/uscode/text/26/988

[STT]

Following that logic you should be able to pay for coffee over LN without worrying about taxes

Should never have been a feasible avenue of taxation anyway, taxation of people indirectly via companies is already the most sensible regular path in an economy.  If nothing else pursuing taxes on people for trying to work (more) can easily be excessive discouragement to growth, at my poorest I paid the highest percentage tax rate because I had no one in my corner they just hit me with confiscation basically.  I barely had a place, time to put papers or fill forms to jump through tax dept requirements; taxes always punish the poorest most.   Took me years to claim back the excess tax taken away from me and Im sure many never get it back.
  
 I also thought the El Salvador news was pretty big and expected some reaction but apparently not, it is a small country I suppose but its a sovereign nation and at one time it would have been taken as part of a bullish trend.   Of course nothing is certain but the price staying dead with bullish news says to me we are entering a value area rather then expecting price to be as positive as it was previously, sentiment change.  
  It cant always be rapid movement and froth reactive price action,  I just take it like the seasons and all are necessary in the cycle for growth.

BTC is trying to break past a weekly average, above 37k on a 4hr bar close it may act more positively.

[ChartBuddy]

Explanation

[Richy_T]

I tried my first print today and it failed miserably. It stuck to the FEP instead of the build plate.
I don't know why, but I did forget to shake the bottle of resin before I poured it in the vat and it might be too tightly zeroed.
Too tired, hot and irritated to make another try today, will try again in the week. It also gave a error message "unsupported file name". It turns out that the chitubox that comes with the machine isn't preset for the machine, you have to set chitubox to your specific make to get the right file ending. That upped the irritation to start with, the heat didn't help either.

When you added the flexible plate, did you re-zero the machine? I did it with paper first (no FEP) and had no luck so then I did it with just the FEP and it was fine.

[ChartBuddy]

Explanation

[Sayeds56]

Explanation

https://i.postimg.cc/7ZTp3WrL/ezgif-com-gif-maker.gif

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Paashaas]

Paraguay is next embracing Bitcoin, many will follow. Domino effect.


https://twitter.com/carlitosrejala/status/1401712725886132224