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

[ChartBuddy]

Explanation

[1715229396]

1715229396

[JayJuanGee]

Nice green dildo to start the week-end !

I have been wondering how BIG of a candle does it take to burn a few shorts?

Remember that we were just down to $29,296 about 2.5 days ago, so there may have already been a decent number of shorts that were already burnt - and surely there had been quite a bit of downity talk in the past two days----

Sorry for your loss elliottflz65.. hope you did not sell too much of your 0.21 BTC stash at $29,800-ish....   Well, not really.  

I am new to the wall observer thread and I thought of something that could be fun as an introduction. You guys can decide when I next sell my Bitcoin. I will be reinvesting do not worry! Give me a number at which I should sell at and I will then reinvest when the next dip comes.

Sell ASAP.. (so around our current price of $29,750 or maybe $29,800, if you can get it) and reinvest around $19,666.. that was the high for the last period (would have been December 2017)..

For sure, 99.5% guaranteed, we are going below $19,666, but just to be safe and not too greedy, buy back at $19,666.

This is investment advice.

I know that it is a bit of wishful-thinking to get $10k or $12k in the next 24 hours or so.. or even to get 3x in the next 3 months, but based on some of our recent levels of FUD spreading, I could appreciate that enough shorting fuel has been created to incentivize the lower scenario.. and the more elaborate scenario of 3x in 3 months would just be for additional funzies... a kind of stair-stepping event.

Traders Influencers wrecked by bringing the price sub 30k. They still preaching 18k   let's see. Might come. But trading in this market situation is nuts. Market could turn anytime and many who sold could miss the train.

Edit: I see Virtualbacon admits he got shaken out and believes 30k is bottom. Others could not admit. Was a fan of  Elliot Trading. But as soon as he sold his stash, he started to manipulate his followers telling em bitcoin going to 13k. While he was talking about 300k while we were at 60k. Unsubbed from many of these guys.

The extreme down scenarios do inspire the placing of high leveraged shorts, so we might need to be thankful towards any of that fuel that has already been used and might still be present to get us a bit more of a weekend of reckening.. if such a thing might be possible?

I am NOT going to rest assured about the bottom (of $28,600) being "in" until we get above $46k - and more than a mere spike would be nice.

Edit: Here is a bullish chart. Bitcoin is at its lowest in history.

The Stock to Flow (S/F) Deflection is the ratio between the current Bitcoin price and the S/F model. If deflection is ≥ 1 it means that Bitcoin is overvalued according to the S/F model, otherwise undervalued.

Yes.. thanks for that chart, UnDerDoG81.  The chart shows that our current BTC price (or at least the price from a couple of days ago was at the greatest level of deviation from the stock-to-flow model, and for sure there are a lot of folks (likely prematurely) proclaiming the stock to flow model to be ded, and part of their justification for such ded proclamations of the S2F model is because the extent of the deviation (Plan B labels as deflection)... so we will see if it is really ded or not?  We will see.  jajajajaja

[sirazimuth]

... got that feeling again
when we leave familiar numbers behind
that we will never see again, like old girlfriends,
$2 only a faded memory now but I know I went there,
$32, $100, $300 was way too familiar thank god she's gone now,
$1000 was friendly and fun but didn't stick around long,
$9000 was just a total bitch who kept coming back for more,
$20k popped in and out twice but didn't stay much ...
$32k what will you do, you have one foot out the door?

Is that on Soundcloud?.....

[ChartBuddy]

Explanation

[Toxic2040]

evening charts

Bitcoin rebounds 4.45% thru short books and moderate volume as the week closes out on a buck moon. Steady on lads.

#dyor

a red eye watches as two hands clap and a bull elephant roars
1h


up periscope
4h

#stronghands

[cAPSLOCK]

Traders Influencers wrecked by bringing the price sub 30k. They still preaching 18k   let's see. Might come. But trading in this market situation is nuts. Market could turn anytime and many who sold could miss the train.

Edit: I see Virtualbacon admits he got shaken out and believes 30k is bottom. Others could not admit. Was a fan of  Elliot Trading. But as soon as he sold his stash, he started to manipulate his followers telling em bitcoin going to 13k. While he was talking about 300k while we were at 60k. Unsubbed from many of these guys.

Edit: Here is a bullish chart. Bitcoin is at its lowest in history.

The Stock to Flow (S/F) Deflection is the ratio between the current Bitcoin price and the S/F model. If deflection is ≥ 1 it means that Bitcoin is overvalued according to the S/F model, otherwise undervalued.

You've been around a while.  You have been through more than a handful of big bitcoin moves.  And the people you describe have always existed as well.  If you can build a big enough following you might be able to scalp a pretty nice pile out of your followers.  And some of these guys might even be somewhat gifted analysts. 

In my experience the ones who spend time predicting things in the short time frame but make "sure thing" calls on direction end up crashing eventually. 

Because ultimately they are only a little better than full of shit.

I do not know that S2F chart you posted... but it looks bullish as heck for the run we are currently in.  We haven't even started according to that thing.

See I like a chart that just puts the info out.  Our own Toxic surfs that wave...

[ChartBuddy]

Explanation

[ashti]

If it doesn't drop below $30,000, we can test $45,000. I bought some Bitcoin and some altcoins to try my luck. NOT INVESTMENT ADVICE. I'm trying to learn the basics.

It will probably be a successful analysis. I hope it will be successful. I need some money. I want to gain morale with both money and successful analysis.

[ChartBuddy]

Explanation

[Hueristic]

Last two BSV Shitcoin Bag Holders spotted in the wild!

[philipma1957]

Last two BSV Shitcoin Bag Holders spotted in the wild!

what about xec? it is worth

0.000024 usd a coin.

[ChartBuddy]

Explanation

[cAPSLOCK]

Do you guys feel it?  I feel it.  Just a little... so i don't want to get too carried away...

[BobLawblaw]

We live in strange times

[cAPSLOCK]

Comically bad shilling for the Rube Goldberg machine, Larry Summers Lightning Network

I suggest everyone in this thread to read this post right this second concerning Lightning Network.  This is actually supposed to be a PRO-LN post, yet it comes off as just a comically dysfunctional Rubix cube that looks like something Comedy Central would post as a joke:

https://blog.muun.com/the-inbound-capacity-problem-in-the-lightning-network/

The idea that garbage could be in ANY WAY useful or usable at all for end users is outrageous.  And the post even inadvertently shows you why LN is designed to completely centralize where all your transactions will be routed through a single permissioned bank.  I LAUGH IN THE FACE of anyone that claims this is "the future".  The future of dystopia maybe.

Just a blast from the past... you miss him, don't you.  Bah.  He is one of the few humans I sincerely would feel ZERO sadness for if I heard he was run over by a train.

But I gotta quote this since I came to update some of my LN thoughts.

I keep three lightning wallets on my phone.  Wallet of Satoshi.  Bulletproof custodial. Teeny fees.  Totally worth having if you have trouble with the other two or if you want to have a 100% drop dead easy time with it.  Zeus. By far the best front end for your own node.

But the reason I came was a sleeper I just had not spent much time with.

Muun.

This is one of the most impressive pieces of bitcoin software I have ever used.  I heard Dorsey praise it during the silly interview, and my estimation of him went up a little.

First of all the damn thing is just a smooth implementation.  It works great.  I have done a huge range of payments with it, and I have sent it over a 100$ inbound.  The fees are not inflated.  I am curious how they solve the inbound liquidity problem.  But hre are the bullet points:

Good BECH32 BTC wallet.
The best main chain fee estimation I have seen.
Seamless, perfect LN integration.
Normal LN fees. No premium.
Somehow achieves inbound liquidity.
Neutrino non custodial node.
Backups!

That last one is the real area the things shines.  Muun is a 2of2 multisig wallet.  You hold BOTH keys, and control them both.  But only ONE of them is ever on your phone.  Muun provides the service of cosigning your spends. But they only have one key.  This means if someone gets your phone?  They can't get your bitcoin.  You can make 3 different kinds of backups.

You can use an email address and a password to collaborate with Muun to restore your wallet.  Or an email address and your seed to do it on your own, OR if you lose everything you can decrypt a file that has both keys in it using your password.

They are ahead of all other projects when it comes to creating something easy enough for a noob to run as well as well thought out enough to be useful to one of us jabrones.

It's my new fav.

Screw Roach.  Such wrong.  Wow.

[ChartBuddy]

Explanation

[bitebits]

https://medium.com/blockstream-markets-weekly/blockstream-markets-weekly-july-23-2021-7063a415759

- ARK and Rothschild Investment buy the dip
- BNY Mellon and State Street back new trading platform
- JPM’s $630B wealth division opens GBTC to clients
- Elon says SpaceX owns BTC
- Tesla likely to reinstate BTC payments (worst trade ever)
- and BTC bounces as sentiment falls to extreme fear

[ChartBuddy]

Explanation

[aysg76]

Happy to see all those green lines back once again and hope they keep the same pattern for some time so that I could congratulate to some panic sellers

By the way I found a picture from future  :



People now we don't have one BTC but ignore how much even mbtc and ubtc would be worth also so better you stack them now.

[jackjjohnson]

People now we don't have one BTC but ignore how much even mbtc and ubtc would be worth also so better you stack them now.

Err, speak for yourself. You have some helpful posts here, but the 'Best Bitcoin Battle Rap' is not one of them. I am a Bitcoin and music enthusiast like you, except that I enjoy playing instruments. In public, and people throw me money. Video rap is not my source of enjoyment.