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

[LFC_Bitcoin]

I stay by my words, $55k by 15th Sept.

Bro, you’re struggling here but I hope you’re right.

I don’t know who or why they’re selling but I’m reading on Twitter that bitcoin totals on exchanges are at the lowest point for a long time. If that’s the case why are we going down, FFS.

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[Hueristic]

>Range Rover evoque =  not a very reliable car apparently.  So i've been reading on el salvador and the other small countries that want to adopt bitcoin.....oh boy has the IMF lost its shit over this.  El Salvador WILL need an IMF infusion of funds in two years, that is a certainty.  IMF has them by the balls.  UNLESS (since they own 500 million of btc now ?) bitcoin moons, and then they can sell some and tell the IMF to go back to washington.

Why will El Salvador need money from the IMF? Or from anywhere else?

I'd love to see them get a "loan" from the IMF and pull a Saylor and use it to Load up M0ar Coins!

[cAPSLOCK]

Nice bounce off 50dma.  Terrible volume.

[cAPSLOCK]

I am not that good at charts... But on the daily don't we need to bounce pretty close to ... um... here?

42k imo.  If it goes below that, it’s done.

And I’m telling you...  Alts should start decoupling from BTC and ignore however it moves in the market.  If it wants to go down, k...  The rest should move on up without it.

I think you *want* an alt flippening.  From listening to what you say.  Seems like you want to "stick it to the arrogant maxis".  And you could be right.

I see some differences in areas of support/resistance.

I see decent local support between 40500 and 41500 reaching back to a couple higher volume events in June and July.
I see the lower end of that same action providing really good strong support between 37000 and 38500.

And the high side there is fairly strong resistance at 50k-53k.

With the way we are acting off the 50dma test i would say the bias is more down than up sadly.

[Copetech]

Purely speculation, because I'm not smart enough to find the proof, but I suspect the IMF is actually leading a concerted effort to spike the value of fiat currencies by selling off gold and buying bonds, but they're not succeeding because they have not been able to generate enough sell-off FOMO to truly make the crypto market crash. End result is they are going to cause a US$ crash beyond their ability to control which will lead to a FOMO Buying Frenzy the moment they stop accelerating.

If smarter people can prove/disprove this thought, I'd feel better regardless of the result.

[ChartBuddy]

Explanation

[Tronx]

I stay by my words, $55k by 15th Sept.

Bro, you’re struggling here but I hope you’re right.

This means bitcoin only need to move up 10,000$ in 5 days from now.

That's not a big deal as bitcoin can move up or down 10,000$ a day 

[JayJuanGee]

Please see the chart of binance in SPOT and futures.
On closely seeing it, in spot the left wick is lower and while the recent right wick is upper which shows that bitcoin is bullish.
Many traders including me know that btc is bullish, so we placed the stop loss in futures trading just below the left wick or on the left wick level.

But look what binance did in futures, they made the right wick lower than the left wick, only to hunt the stop losses of millions of traders.

They are scammers  

Spot Trading Chart:




Future trading Chart

Check this before choosing binance 

I am going to cite you so that your charts can be shown, and yes, just like the comment from
crwth in your cited thread, you need to acknowledge that spot and future trading are different things/markets... so accordingly the charts are likely to be different... so perhaps you need to explain a wee bit moar better why there should be any concerns...   most likely nothing to see here in terms of points that you are wanting to make beyond that "shit happens" in markets.. and not everything that does not match up with a kind of precision that you expect is "insider" "manipulation".. blah blah blah.. as you titled the matter as "manipulation" in your thread, and you have absolutely no evidence for your assertion beyond what seems to be just a "feeling."

Dead cat bounce high is ~$53k. We now know that bitcoin will not go higher than $53k again - until it does.

I agree, at least after the above FTFY part that was put into place. 


I actually believe that the resistance point is around $55k rather than $53k.. but sure we have already been to $53k within the past 2.5 weeks.. and so perhaps we would just be dickering around if we would be trying to suggest that there is any significant and material difference between $53k and $55k, so it is quite possible if the BTC price gets anywhere in the $53k to $55k arena it could fail to break up again, and that may well not be a bad thing.. but surely, once it does break above that range.. we are likely off to the races in terms of getting into noman's land and likely to pretty much go from $55k to $80k without too many troubles.. that's the sense that I am getting from what seems to be current BTC price pressures.. so yeah, whether it takes a couple of weeks to play out or maybe a couple of months still remains a matter of conjecture that I feel some lack of confidence in asserting before it actually happens (presuming that it will, sooner or later).

Making BTC as legal tender = Basicaly a president trying to Manipulate the Price Point into his Favor 😂. PRESIDENTIAL FUCKERY

El Salvadorians : Get that shit out of our Country 😂😂😂

Really? So what are u doing here? Why do you beg in BTC? Just write you need $150k urgently as simple as that. GTFO!  

That is why the price dumped so hard the exact same day..
By showing any government can swing the price on a whim for their own plan of manipulation.
Pure fuckery indeed.

Another troll/shill in denial of King Daddy’s power... and trying to frame BTC's price performance down into some kind of narrow incoherencies.  I am sure that there are some dumb people who actually believe those kinds of simplified views of bitcoin, but if you really want to attempt to understand bitcoin's price performance better, you need to zoom out a wee bit and not get caught up upon short term noise and nonsensical explanations. 

In other words, the actions of El Salvador are small potatoes in the whole scheme of things especially if you actually attempt to take into account some of the BIGGER ideas that are contained within currently valid longer term and BIG picture BTC price prediction models such as 1) stock to flow, 2) four-year fractal and 3) exponential s-curve adoption based on Metcalfe's principles and networking effects.

[BlackHatCoiner]

Bro, you’re struggling here but I hope you’re right.

I don’t know who or why they’re selling but I’m reading on Twitter that bitcoin totals on exchanges are at the lowest point for a long time. If that’s the case why are we going down, FFS.

Because, people like you and me think that it should increase due to that fact, but traders behave inversely proportionally. It seems that they're many who think likewise. Anyway, it's nothing but temporary.

[cAPSLOCK]

[JayJuanGee]

Dead cat bounce high is ~$53k. We now know that bitcoin will not go higher than $53k again.

As long as Bitcoin stays above 200MA on Day chart, no worries.

where's your link, Sayeds56?

And regarding your substantive point?  We should start worrying if BTC prices go below 200 Day MA?  I am not sure why?  We do not get kicked out of our current bull market merely if the BTC prices were to go below 200 Day MA.

You probably need to zoom out a bit if you are trying to frame at what points to potentially get worried.. even though your shorter timeframes do still seem to give some ideas about short term. .trading to the extent that anyone would be selling anything significantly  (presumably only after they have already established a decently sized accumulated BTC stash, right?)

Dead cat bounce high is ~$53k. We now know that bitcoin will not go higher than $53k again.

Should we give you a new homage thread for this prediction?

No... "we" should not.

>Range Rover evoque =  not a very reliable car apparently.  So i've been reading on el salvador and the other small countries that want to adopt bitcoin.....oh boy has the IMF lost its shit over this.  El Salvador WILL need an IMF infusion of funds in two years, that is a certainty.  IMF has them by the balls.  UNLESS (since they own 500 million of btc now ?) bitcoin moons, and then they can sell some and tell the IMF to go back to washington.

your statement is internally incoherent, fr4nkthetank


But I think that I understand what you are saying.. .. El Salvador is somewhat dependent upon BTC's price appreciation in order to NOT get fucked over BIG time by the IMF... and there might be some truth to that statement, but there are also quite a few variations too that likely had contributed to El Salvador's assessment that a gamble upon BTC has quite a few more benefits than it does downsides.. and sure, I hate to use the term "gamble" because El Salvador seems to be approaching some of the bitcoin implementation matter quite a bit more proactively than a mere gamble, even though many would have considered them to be quite rash and rushed in terms of how they got into BTC... .. but that might be innovative rather than a gamble.. well, at least so far, shitcoins are not too prevalent in the picture, even though we can see some shitcoins trying to get into the El Salvador picture, too.

[Hueristic]

Bro, you’re struggling here but I hope you’re right.

I don’t know who or why they’re selling but I’m reading on Twitter that bitcoin totals on exchanges are at the lowest point for a long time. If that’s the case why are we going down, FFS.

Because, people like you and me think that it should increase due to that fact, but traders behave inversely proportionally. It seems that they're many who think likewise. Anyway, it's nothing but temporary.

Translation:

The market can stay irrational longer than you can stay solvent.

[JayJuanGee]

I stay by my words, $55k by 15th Sept.

You better be correct, ImThour - or there will be "consequences."

 

Dead cat bounce high is ~$53k. We now know that bitcoin will not go higher than $53k again.

Dead Cat is DEAD. We will go to all time high again this year.  

Keep that posting up with 10 merits you can rank up to Member

I hope by the time i reach member rank, bitcoin will be back on the track to 100,000$  

Bitcoin is not off track.

This was all planned (or at least within a quite acceptable framework).




Don't you know nuttin?

[cAPSLOCK]

20 million sats of lightning channels opened to IBEX and OpenNode.com today to support El Salvador.

I'm not buying the dip.  I am building the future.

[hisslyness]

20 million sats of lightning channels opened to IBEX and OpenNode.com today to support El Salvador.

I'm not buying the dip.  I am building the future.

Will be adding to that in the next few days. Starting my own lnd node.

We should create a WO LN Channels. Create a WO web of LN Channels

[OutOfMemory]

Making BTC as legal tender = Basicaly a president trying to Manipulate the Price Point into his Favor 😂. PRESIDENTIAL FUCKERY

El Salvadorians : Get that shit out of our Country 😂😂😂

Really? So what are u doing here? Why do you beg in BTC? Just write you need $150k urgently as simple as that. GTFO!  

That is why the price dumped so hard the exact same day..
By showing any government can swing the price on a whim for their own plan of manipulation.
Pure fuckery indeed.

That's exactly what the "manipulators" want nocoiners and dumb peeps to think.
Turns out, it works (in your and eXPH's case at least).

[ChartBuddy]

Explanation

[JayJuanGee]

I am not that good at charts... But on the daily don't we need to bounce pretty close to ... um... here?

I *think* this is us about to bounce off (fingers crossed) the 50MA on the daily...



Or will it pierce it?

Why does such short-term "need to" matter?

Seems like a wee bit of noise to me to get caught up in supposed and fabricated "need to"s based on short-term chart squiggly lines.

TLDR:  Paint ur lil selfie into a psychological "need to" dilemma.

I am not that good at charts... But on the daily don't we need to bounce pretty close to ... um... here?

42k imo.  If it goes below that, it’s done.

And I’m telling you...  Alts should start decoupling from BTC and ignore however it moves in the market.  If it wants to go down, k...  The rest should move on up without it.

You still living in a fantasylandia tokeweed in your dumbass belief that the tail really does wag ddddeeee doggie?

Those various shitcoins (and other crap related scam smoke and mirror projects) that you are praising with such enthusiasm would not even be able to operate if it were not for the security blankeeeee of dee doggie.. .. .. oh right.. tail no need doggie;.. tail can wag its lil selfie, right?  right?  amiNOTrite?  

[shahzadafzal]

Cobra liked 🐍
 

[cAPSLOCK]

20 million sats of lightning channels opened to IBEX and OpenNode.com today to support El Salvador.

I'm not buying the dip.  I am building the future.

Will be adding to that in the next few days. Starting my own lnd node.

We should create a WO LN Channels. Create a WO web of LN Channels

That's a GREAT idea!  If each new "member" of the club just opens a channel to the last member we could make a big ring of liquidity.  Particularly if we set WO channels to zero fees.

This site sort of is based on a micro version of that idea, and I find it to be an interesting strategy.  I joined a few of the "swaps" here:

https://lightningnetwork.plus/swaps