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

[bitcoinPsycho]

I think this candle is a fakeout and we'll go a bit lower. We'll be back to uppity in a week or so. Sophisticated SOMA analysis.

Happy to be wrong, of course.

Could be a fake fakeout  

[ChartBuddy]

Explanation

[d_eddie]

I think this candle is a fakeout and we'll go a bit lower. We'll be back to uppity in a week or so. Sophisticated SOMA analysis.

Happy to be wrong, of course.

Could be a fake fakeout  

I hope so too

My SOMA reasoning is - this down movement doesn't smell like stop hunters. It's too slow and gradual and has decreasing volume. Good hunters hit out of the blue, with powerful swift blows. This is something different, like whales accumulating moar cheep corns now that the uppity is hard to postpone. So we need more accumulated volume on the down+retrace up move before we can call it a day.

[Hueristic]

So, in Lightning Node news, I've somehow landed my node at position #13 on the "BOS Score" list.

I think this a "Haha holy shit what have I done?!" sort of good situation. Not sure.

https://cheeserobot.org/bos/list

Congrats!

When i first started, and had default fees of basically nothing... it seems my channels were just being taken advantage of and nothing coming back on the other side, because it was either too expensive or there just wasn't any traffic...

Fee rates should be more dynamic. If there's no traffic going out, lower the fees. If too much traffic is going out, raise the fees. It shouldn't need manual intervention.

Self balancing should be an option if nothing else, can't be too hard to kick out a decent algo.

[d_eddie]

Self balancing should be an option if nothing else, can't be too hard to kick out a decent algo.

But will you read it? Do you read the algorithms?

[xhomerx10]

I think this candle is a fakeout and we'll go a bit lower. We'll be back to uppity in a week or so. Sophisticated SOMA analysis.

Happy to be wrong, of course.

Could be a fake fakeout  

[bitcoinPsycho]

I think this candle is a fakeout and we'll go a bit lower. We'll be back to uppity in a week or so. Sophisticated SOMA analysis.

Happy to be wrong, of course.

Could be a fake fakeout  

That's scary

[xhomerx10]

I think this candle is a fakeout and we'll go a bit lower. We'll be back to uppity in a week or so. Sophisticated SOMA analysis.

Happy to be wrong, of course.

Could be a fake fakeout  

That's scary

 That's my nervous laugh. 

[ChartBuddy]

Explanation

[Hueristic]

Self balancing should be an option if nothing else, can't be too hard to kick out a decent algo.

But will you read it? Do you read the algorithms?

Not in quite a few years, but that doesn't preclude being able to determine how complicated it is to whip one up for someone that writes them all day. Should be pretty simple actually with only a few variables to deal with.

[BobLawblaw]

But will you read it? Do you read the algorithms?

Read the algos for autopilot.

That's when I decided to turn off autopilot entirely 

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[vapourminer]

ok chartbuddy no 3 bagger for you.. now get back to work and get us over 60k

[cAPSLOCK]

But will you read it? Do you read the algorithms?

Read the algos for autopilot.

That's when I decided to turn off autopilot entirely 

Autopilot is WEIRD.  I accidentally had it on and I sent like .06 BTC to it at first and it opened like 4 or 5 channels.  Nah.

But who is going to go to the trouble to run a lightning node and have a robot make the channels?  I get it for a neutrino "node" on your phone... 

[ChartBuddy]

Explanation

[Syke]

Read the algos for autopilot.

That's when I decided to turn off autopilot entirely 

A quick skim of https://c-otto.de/ is close to what I was thinking for just setting fees.

[cAPSLOCK]

Anyone notice every time some big blasts of selling drops the corn down a chunk it just climbs calmly right back up as if nothing happened at all...

I am starting to get a sort of funny feeling.

In 2017 I bought my wife and I a trip to Hawaii using Bitcoin... cheapair.com.  I wonder if they kept any of their profits in BTC.  I hope so...  My wife was surprised I had done it.  But it was one of the only ways to buy it without her knowing.  "Why would you spend the REAL money on this trip instead of the worthless money we have in the bank?", she asked.  She's a good one.  "Well, I look at it this way... If bitcoin fails for some reason we got a trip to Hawaii from it... and if it doesn't?  Well that's exactly the problem we WANT to have".

Trip worth like $30k today.  Lol.  But I replaced nearly all that bitcoin in March of 2020 for about the same USD cost as the trip.  Problem we wanted to have, and all that.

I remember two things about that trip (well besides from the beach, the mountain hiking and the incredible sex). Bitcoin went up to ~10k, AND Ethereum was hacked for something like 320MM lol.  It was the "I accidently killed it" DAO hack.

I knew in the midst of that beauty and happiness that someday it would be the "million dollar trip"...  but to be honest it is getting hard to believe that we are starting to get within a reasonable distance of that..  Yeah it might still take a little while for Bitcoin to reach THAT height...

...Or will it?

I mean, I still think the adoption price "s curve" might be an actual thing.  And THIS TIME when Bitcoin is starting to gather the kind of steam that is SMART money buying friskily and trying not to wake up the masses when we get some other asshole like me selling for his Hawaiian villa or whatever, tanking the market for a second, while they buy the SHIT out of the dip.

We are nowhere near FOMO yet.

But this time?  When we get there we will be in the midst of the beginning of a worldwide financial collapse that makes the actions called out in the genesis block look like a bad game of Monopoly.

Not only does the smart money know what Bitcoin is now... but look at gold! How is that even possible considering the macro backdrop? They also know Bitcoin is really the only way out of this mess.  And we are:

JUST.  GETTING.  STARTED.

I'll say it again:  I am getting a funny feeling for sure.

I almost feel like buying a trip to the Big Island or something... lol... hmm.  Let's see what kind of trip about a half a corn can buy me this time...

[ChartBuddy]

Explanation

[philipma1957]

buddy lets have some lifting tonight.