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

[ChartBuddy]

Explanation

[d_eddie]

Woke up for something.
Not to check the bitcoin price,
I’ll spare the details.

+1 WOsMerit



We don't want to know
Especially not a photo
So says JJG



#haiku

[d_eddie]

She's on the (n+1)th  fakeout. What a tease.

[d_eddie]

This could be a thing, especially if other governments follow the lead.

https://bitcoinmagazine.com/culture/el-salvador-to-exempt-foreigner-investors-from-tax-on-bitcoin-price-gains

[LFC_Bitcoin]

Willy Woo
@woonomic
https://twitter.com/woonomic/status/1437366337626468352?s=21
I posted this map of the BTC supply distribution, but many asked "but what does this mean?".

Well, it says quite a lot, this is the whole ecosystem talking to us. Since people didn't see what I though was in plain sight, I'll break it down and add a bit more colour.

👇



Supply Distribution of Bitcoin update.

Whales added recently. Minnows continue to stack. 10-1000 BTC holders mainly flat.

Reserves held publicly reducing (mainly exchanges and ETFs reducing while corporates adding).
https://twitter.com/woonomic/status/1436886237130878977?s=21



Willy Woo
@woonomic
1) Most importantly.

Bitcoin continues to distribute coins evenly. Publicly held and retail entities continue to gain more control of the supply while whales are reducing their control.

Remember the gold standard failed as a monetary standard due to centralisation of the supply




Willy Woo
@woonomic
2) Retail drives macro cycles. When retail stack their sats at an increased rate, like they are doing right now, it's the fundamentals saying we are in the middle of a bull market.

I repeat; middle of a bull market. Traders in disbelief 2 months ago when this data was shown.

https://twitter.com/woonomic/status/1437366348481400833?s=21



Willy Woo
@woonomic
3) Whales think coins are cheap right now.

Whales are opportunists. They're in a decade long diversification plan selling into every bull market having made their money.

But they do take the opportunity to buy when they see a strong rally ahead, like right now.

https://twitter.com/woonomic/status/1437366354768662532?s=21



Willy Woo
@woonomic
4) Publicly held coins show bullishness.

Corporates are long term holds, they are increasing.

Speculative inventories at exchanges are depleting as long term buyers step in.

ETFs remain flat, mainly because of the colossal GBTC fee (6600 BTC fees deducted and sold since Feb).

https://twitter.com/woonomic/status/1437366359784972293?s=21



Willy Woo
@woonomic
Data sources below.

On-chain forensics: @glassnode
ETFs: @glassnode & @woonomic
Corporates: @woonomic (via company reporting)
https://twitter.com/woonomic/status/1437366362305818629?s=21



TL;DR
We are going higher this year: much higher.

[El duderino_]

Woke up for something.
Not to check the bitcoin price,
I’ll spare the details.

+1 WOsMerit



We don't want to know
Especially not a photo
So says JJG



#haiku

It wasn’t a dick pick…
That’s why he’s disappointed,
our village fool “JJG”.




#haiku #nohomo #J/K etc

[d_eddie]

Of course dude, we know you're too much of a gentleman to flood this room with dick pics.
On the other hand, a simple yellow parabola... 

[El duderino_]

Of course dude, we know you're too much of a gentleman to flood this room with dick pics.
On the other hand, a simple yellow parabola... 

Drunk and uncontrollably…..

What can a dude say ?

[ChartBuddy]

Explanation

[Arriemoller]

I've got brand new shoes
Wearing them to break them in
Can not feel my feet

Get a shoe stretcher and save yourself the pain.



https://www.amazon.com/Shoe-Stretcher-Expander-Widener-shaper/dp/B07XK17S65/

Not a bad idea, I'll order one. Thanks.

[cygan]

MicroStrategy has purchased an additional 5,050 bitcoins for ~$242.9 million in cash at an average price of ~$48,099 per #bitcoin. As of 9/12/21 we #hodl ~114,042 bitcoins acquired for ~$3.16 billion at an average price of ~$27,713 per bitcoin.

https://www.microstrategy.com/en/investor-relations/financial-documents/microstrategy-acquires-additional-5050-bitcoins_09-13-2021
https://twitter.com/michael_saylor/status/1437386724443926535

[ChartBuddy]

Explanation

[Dabs]

MicroStrategy has purchased an additional 5,050 bitcoins for ~$242.9 million in cash at an average price of ~$48,099 per #bitcoin. As of 9/12/21 we #hodl ~114,042 bitcoins acquired for ~$3.16 billion at an average price of ~$27,713 per bitcoin. $MSTR

Michael Whaleor

Ooops.. cygan beat me to it... but anyway...

[gallianooo]

I've got brand new shoes
Wearing them to break them in
Can not feel my feet

Nice one, but please don't put socks with this kind of moccasins 

[bct_ail]

I've got brand new shoes
Wearing them to break them in
Can not feel my feet

Get a shoe stretcher and save yourself the pain.



https://www.amazon.com/Shoe-Stretcher-Expander-Widener-shaper/dp/B07XK17S65/

Not a bad idea, I'll order one. Thanks.

Here is a BTC shoe stretcher   

https://www.amazon.co.uk/BTC-Stretcher-BigTree-Wooden-Lengthen/dp/B075XNGVTQ

[El duderino_]

MicroStrategy has purchased an additional 5,050 bitcoins for ~$242.9 million in cash at an average price of ~$48,099 per #bitcoin. As of 9/12/21 we #hodl ~114,042 bitcoins acquired for ~$3.16 billion at an average price of ~$27,713 per bitcoin. $MSTR

Michael Whaleor

Ooops.. cygan beat me to it... but anyway...

Nobody get bored with saylor stuff!

[philipma1957]

I've got brand new shoes
Wearing them to break them in
Can not feel my feet

Get a shoe stretcher and save yourself the pain.



https://www.amazon.com/Shoe-Stretcher-Expander-Widener-shaper/dp/B07XK17S65/

Not a bad idea, I'll order one. Thanks.

There used to be a leather softener. Let me look for link.  Combine it with the stretcher.  Of course test to see how it affects shoe color.

https://www.amazon.com/FootMatters-Professional-Boot-Stretch-Spray/dp/B00NLM8EL6/ref=sr_1_1_sspa?

put a little on a q-tip and apply it to the tongue of the shoe as the pants hem would cover that spot.

I would spray my boots and my wife's boots and use the stretcher it would take under 10 days to be good.

Well worth the money as foot blisters suck.

[El duderino_]

Ant

[dragonvslinux]

Green dildo liquidating the day traders, always good to see  Closing back above $46K on larger time frames would be a tasty result in the short-term by looks of it.



The 50 & 200 MAs death cross on 4hr chart could be problematic though. I think some will be use that opportunity to get out of positions if price doesn't blast through it.



Classic case of low volume = easy manipulation, whether up or down...

[_javi_]

Chikun arized 25%

Corn.. you can do the same .. go BTC, go!!