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

[Biodom]

I think this is all china.

... you might be onto something here. Looks like Musk might be kneeling down to suck Chinese Commie dick too
... Tesla was getting hammered in China until he started his anti-bitcoin tweeting

https://www.zerohedge.com/markets/tesla-shares-jump-3-after-china-made-vehicle-sales-rise-29-may

Interesting, indeed.
China gave miners and traders two months time to tear down their crypto businesses, or it's going to jail for them, according to unofficial (chinese) source.
I wouldn't be too surprised if the dumping goes on until two months after the chinese mining ban announcement.

EDIT:
China was early in the game, so 4-figures are rumored by some. Too bad i can't read chinese and my hongkong buddie is occupied by working like a dog to keep his job at his US-based business office (building).

If only our local idiots could comprehend that the very fact that China is against bitcoin should be an indication for them to support bitcoin instead of harping some bs about it.
China is obviously trying to replace dollar with yuan. Bitcoin is in a way as a potential alternative, so they gang up on it first. US and rest of the West and east should support bitcoin and resist yuan.
Bitcoin and dollar do not really compete (not yet).

[Biodom]

El Salvador gives us a preview of the next cycle or countries buying BTC. 2013 - geeks, 2017 - retail, 2021 - institutions, 2025 - countries! 

it does not...for that we need to see countries like Denmark, Netherlands or even better, Switzerland, doing the same.

[LFC_Bitcoin]

Chad Saylor is at it AGAIN....






https://twitter.com/btc_archive/status/1402344826570481669?s=21





I smell soon to be liquidated shorts.....

[JimboToronto]

I’m all in and all of it is in cold storage

That is the way…

This is investment advice

Cheers

Been that way for years.

Not your keys not your coins. Create your own offline addresses. Even hardware wallets can be compromised.

[Richy_T]

If only our local idiots could comprehend that the very fact that China is against bitcoin should be an indication for them to support bitcoin instead of harping some bs about it.
China is obviously trying to replace dollar with yuan. Bitcoin is in a way as a potential alternative, so they gang up on it first. US and rest of the West and east should support bitcoin and resist yuan.
Bitcoin and dollar do not really compete (not yet).

Bitcoin and bitcoin mining in particular is bringing huge amounts of wealth into the CCP currently (I'm surprised that that isn't used as more of an attack, in fact). Whatever they do publicly, this has to be borne in mind when evaluating the likelyhood of it being true.

As to replacing the dollar, yes. Not sure if it will be their own deal or some BRICS concoction. Depends how much clout they feel they have, I suppose.

[ChartBuddy]

Explanation

[cAPSLOCK]

I’m all in and all of it is in cold storage

That is the way…

This is investment advice

Cheers

Been that way for years.

Not your keys not your coins. Create your own offline addresses. Even hardware wallets can be compromised.

Quoted for truth.  It is a thing of beauty to set up a simple watch only wallet on your PC based from a seed generated safely.

It's those last 3 words that are the tricky bit though.

[Gyrsur]

Super Bullish.  Hedgeye more sophisticated than Schiff or Krugman, but just about as reliable a inverse indicator.

I have to say that my intention was not to bring "Hedgeye" in a bad light. Sorry for that!  

I just "improved" the pic a bit.  

Original:

[eXPHorizon]

Everyone just chill and listen to some good tunes :
https://www.youtube.com/watch?v=kBWS3BJSNtQ
George McCrae - I Get Lifted

[Elwar]

[OutOfMemory]

I think this is all china.

... you might be onto something here. Looks like Musk might be kneeling down to suck Chinese Commie dick too
... Tesla was getting hammered in China until he started his anti-bitcoin tweeting

https://www.zerohedge.com/markets/tesla-shares-jump-3-after-china-made-vehicle-sales-rise-29-may

Interesting, indeed.
China gave miners and traders two months time to tear down their crypto businesses, or it's going to jail for them, according to unofficial (chinese) source.
I wouldn't be too surprised if the dumping goes on until two months after the chinese mining ban announcement.

EDIT:
China was early in the game, so 4-figures are rumored by some. Too bad i can't read chinese and my hongkong buddie is occupied by working like a dog to keep his job at his US-based business office (building).

If only our local idiots could comprehend that the very fact that China is against bitcoin should be an indication for them to support bitcoin instead of harping some bs about it.
China is obviously trying to replace dollar with yuan. Bitcoin is in a way as a potential alternative, so they gang up on it first. US and rest of the West and east should support bitcoin and resist yuan.
Bitcoin and dollar do not really compete (not yet).

They (our local idiots) don't see the bigger picture yet. China will become quite a challenge, not only for the dollar, on the other hand there are implicit counter-dynamics developing, like the upcoming fail of the one-child strategy. It will stay interesting with China, and unlike in the past, nations dealing with China better think ahead of time to not get played out.
We're like a bag full of weaknesses for them, imho. Their global acting is mirroring that kind of sentiment.

*Edits in boldface

[sirazimuth]

.....

I'm putting this trash on my ignore list for it is just waste of space. It is the only one on my ignore list currently!

[serveria.com]

Chad Saylor is at it AGAIN....






https://twitter.com/btc_archive/status/1402344826570481669?s=21





I smell soon to be liquidated shorts.....

$40k by the end of the week... 

[OutOfMemory]

Is there a candle growing atm?
against bigger sell orders evenly spaced at $200 intervals.

EDIT: changed. Orders fluctuating. Movement. up or down?

[Gyrsur]

I can see lots of Buy Limit orders placed in the green zone every time we will touch this zone again. Sell Market orders must eat them if they want to break through.




EDIT: If this will happen Volume will tell the truth whether I was right or not.

[becoin]

Who sold at the bottom?

[OutOfMemory]

I can see lots of Buy Limit orders placed in the green zone every time we will touch this zone again. Sell Market orders must eat them if they want to break through.

Aint goin' to happen much with this low volume.

[Gyrsur]

I can see lots of Buy Limit orders placed in the green zone every time we will touch this zone again. Sell Market orders must eat them if they want to break through.

Aint goin' to happen much with this low volume.

The Manipulator is smart enough to launch new China FUD again. Expect him like a Chinese Ninja in the night.  

EDIT:

Q: Is there a Chinese equivalent of a Japanese ninja?
A: Yes, in the Ming dynasty, a secret goverment agency which named “Jin Yi Wei” had a lot of guys who is equivalent of Japanese ninjia.

[OutOfMemory]

wise words, Gyrsur.

Stamp has almost touched the hundred below $34k already.
So tired, would like to continue observing, but sleep wins tonight.

Good'nite

[Gyrsur]

Everyone just chill and listen to some good tunes :
https://www.youtube.com/watch?v=kBWS3BJSNtQ
George McCrae - I Get Lifted

Depeche Mode - Violator (1990) FULL ALBUM