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

[El duderino_]

Keep dropping you motherfucker so I can buy more.
Thanks.

If there is FIAT, then you can always buy more….. no matter price circumstances

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[somac.]

Keep dropping you motherfucker so I can buy more.
Thanks.

It seems to be listening.

[Poker Player]

If I buy the dip right now it'll keep dropping. #facts
If I don't we will correct in a few hours. #alsofacts
I'll let y'all decide for me.

Yes, we all know you are so powerful that what the Bitcoin market does depends on you. 

Keep dropping you motherfucker so I can buy more.
Thanks.

It seems to be listening.

I don't think exactly like that, I always prefer to see the price go up, but I was planning to buy today, so it won't be bad for me.

[ChartBuddy]

Explanation

[gallianooo]

Well.. So we will see very soon if PLAN B was right or invalidated..

PS : again because of f****ing chinese ?? 

[El duderino_]

https://twitter.com/btc_archive/status/1439930898095484937?s=21

Good time to buy the dip

[ChartBuddy]

Explanation

[aesma]

Holy shit I'm poor !

Wait a minute, didn't I have set up a nice ladder of buy orders ?

Checks exchange.

Holy shit I'm rich !

[Dabs]

Never imagined that the pattern or candles are forming such characters   So will it blow all the bears with single fire blow? Soon $50k again and this mouse trap is going to be over soon and fed up of this.

I've kept saying that godzilla is going to use his laser eyes.. or laser breath.

[Tash]

Bitcoin with a little ripple, thats a drop (-87.01%)
https://mobile.twitter.com/Jkylebass/status/1439908927370633217
The Chinese house of cards on the move

[Dabs]

Very interesting to see the current poll results...

Is the Bitcoin protocol's privacy "good enough"?
Yes   - 17 (35.4%)
No   - 14 (29.2%)
Not yet, but it will be after the taproot upgrade   - 17 (35.4%)
Total Voters: 48

To me, if we ignore the Taproot upgrade for a moment and  combine 2 and 3 the results would be something like this

Is the Bitcoin protocol's privacy "good enough"?
Yes   - 17 (35.4%)
No   - 31 (64.6%)    <------- 65% says No
Total Voters: 48

What does it mean? Aren't we satisfied with Bitcoin's protocol privacy?

Don't confuse privacy with security. As far as security is concerned, I think it's rock-solid, as has been shown by more than a decade of failed attacks and attempts to break it. No issues there.

As far as privacy is concerned, things are not so good -- yet. There are ways to protect it, but it's not automatic, one has to be aware of the various privacy issues and do things in certain ways in order to protect it. I think this is what's reflected in the poll result.

For sure no question about the security at all. But privacy is debatable I think it’s good enough to be useful in public transactions. Unless you want to have a super private or secretive transactions still and yes it’s still possible like you said.

The issue is probably privacy by default, and it's not. You've got to work a little bit (just a little bit, not too much) to get additional privacy by confusing others who may be looking (and they are all looking). So we have stuff that got invented or discovered such as CoinJoin and then you have altcoins or shitcoins that are working on this aspect, so they are considered "privacy coins".

Bitcoin is "good enough" but not for very large amounts because the anonymity set is still limited. You can do some CoinJoins with some new wallets such as Wasabi or JoinMarket, and you can even use centralized mixers or services or exchanges or gambling sites and most "normal" people won't be able to track you. I do just enough so that I'm not in any trouble and just do a couple more hops so my coins look normal.

Can't wait for the new taproot stuff, should be able to do better CoinJoins as well as cheaper multi-sig transactions.

It's the story of 2 people running away from the bear. You don't have to outrun the bear, you just need to outrun the other guy.

[ChartBuddy]

Explanation

[Torque]

So let's see... 1. Stimulus checks over. 2. Unemployment payments ending. 3. Housing moratoriums ending, evictions starting.

Thus consumer spending and GDP falling like a brick.

And now, liquidity crises around property developers in China suddenly appear out of nowhere.

Coincidence? I think not. The Fed & Treasury took away the punch bowl too soon.

If the stock market tanks significantly, then just watch as U.S. Congress not only raises the debt ceiling, but they'll vote for and pass another multi-trillion $$$ "stimulus plan" so fast that it'll make your head spin.

Gotta avert that crisis. All by design.    

And the sheeple will applaud.

[UnDerDoG81]

So let's see... 1. Stimulus checks over. 2. Unemployment payments ending. 2. Housing moratoriums ending, evictions starting.

Thus consumer spending and GDP falling like a brick.

And now, liquidity crises around property developers in China suddenly appear out of nowhere.

Coincidence? I think not. The Fed & Treasury took away the punch bowl too soon.

If the stock market tanks significantly, then just watch as U.S. Congress not only raises the debt ceiling, but they'll vote for and pass another multi-trillion $$$ "stimulus plan" so fast that it'll make your head spin.

Gotta avert that crisis. All by design.   

Conspiracy theorist. Self thinking is not wanted. Let the news think for you. They will never lie to the public.

[somac.]

So let's see... 1. Stimulus checks over. 2. Unemployment payments ending. 2. Housing moratoriums ending, evictions starting.

Thus consumer spending and GDP falling like a brick.

And now, liquidity crises around property developers in China suddenly appear out of nowhere.

Coincidence? I think not. The Fed & Treasury took away the punch bowl too soon.

If the stock market tanks significantly, then just watch as U.S. Congress not only raises the debt ceiling, but they'll vote for and pass another multi-trillion $$$ "stimulus plan" so fast that it'll make your head spin.

Gotta avert that crisis. All by design.    

And the sheeple will applaud.

The spice must flow.

[gembitz]

@kraken    #bloodinthewater

[somac.]

The one good thing about the correlation with the legacy markets is that when they do throw money at this dip, Bitcoin will boom along side it.

Just remember the covid crash last year and what happened after it. Also, don't do as mindrust did and sell the bottom.

[Apocollapse]

Bought $44K.
Waiting my another order $42K and $40K to get filled up...

[dragonvslinux]

Looking over on the Bitcoin Futures chart, this IS the sort of golden cross investors will be interested in buying. Price is above both the 50 & 200 MA, where price is notably beginning to find some buying pressure:



The death cross sell signal of $32K was notably awful, to the point where it looked like a fake-out rather than a legitimate selling opportunity (with any sense investors would wait for a re-bound, instead of immediately selling based on this signal). Given within 2 months the golden cross will arrive, this more of less confirms the theory due to the short time-frame between these crosses, with confirmation arriving tomorrow.

I'd be incredibly careful trading this lagging indicator. The golden cross (buy signal) is in relation to the death cross (sell signal).

This to me explains why price hasn't capitulated further after the break of $42,900 local lows, which is what most would expect at that point. Instead price is finding support in what appears to be the "middle of nowhere" on the spot chart after failing to find support above the 200 Day MA (post golden cross), but is otherwise finding buyers at key support on the futures chart. This suggests that $40K doesn't require re-testing after all, neither does the full extent of the volume gap around $40K-$44K, if price is able to bounce from the middle of it that is.



Nonetheless, a break below $42,500 tomorrow would likely result in a retest of $40K. On the 4hr chart, the bulls need a close above local resistance to confirm new local lows.



Now that enough spot traders are feeling bearish with the break of the 200 Day MA, I'm feeling a bit more bullish. Still 55-45 regarding a re-test of $50K before a re-test of $40K.

[ChartBuddy]

Explanation