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

[bitcoinPsycho]

Chartbuddy dominance 87%

[ChartBuddy]

Explanation

[aysg76]

It's bitter reality but you can only do one and those who believe Bitcoin knows the history of government and now they trust the Bitcoin.You just understand the chronology of this and Bitcoin will be your sole savoir.

[ChartBuddy]

Explanation

[dragonvslinux]

Price remains bullish while holding the $61K local volume point of control.

Price is now failing to hold the $61K support trend-line, as well as the VPVR point of control ($61.2K), suggesting a re-test of the 200 MA at $59.4K may come into play.
Moving below the distribution zone of $60-62.5K would additionally turn it into resistance in the short-term, so a bounce from nearby support could be short-lived.



Back to being 50-50 until a new higher low is established, or lower support re-tested between $53K-57K. Indecision for the past 2 weeks of sideways trading has been the right call.
The consolidation remains healthy for accumulation, but making a trade within it simply wouldn't be with how choppy the price has been in the short-term.

[ChartBuddy]

Explanation

[Torque]

ChartBuddy doesn't miss a beat.

ChartBuddy is on fire.

[ChartBuddy]

Explanation

[Torque]

It's bitter reality but you can only do one and those who believe Bitcoin knows the history of government and now they trust the Bitcoin.You just understand the chronology of this and Bitcoin will be your sole savoir.

After a year of printing trillions of $$$, the U.S. govt thinks nothing of throwing another $1.2T onto the pile:

https://www.cnn.com/2021/11/06/politics/president-joe-biden-infrastructure-bill/index.html

And they have another multi-trillion $$$ bill waiting in the wings already.

Get prepared for more of these, like every 1-2 years. Money printer continue go brrrr. It won't stop.

[julian071]

It's bitter reality but you can only do one and those who believe Bitcoin knows the history of government and now they trust the Bitcoin.You just understand the chronology of this and Bitcoin will be your sole savoir.

After a year of printing trillions of $$$, the U.S. govt thinks nothing of throwing another $1.2T onto the pile:

https://www.cnn.com/2021/11/06/politics/president-joe-biden-infrastructure-bill/index.html

And they have another multi-trillion $$$ bill waiting in the wings already.

Get prepared for more of these, like every 1-2 years. Money printer continue go brrrr. It won't stop.

As I understood it this bill is actually not paid for by going brrrr but with higher taxes for large corporations. However that does not mean they've stopped going brrrrr, but in separate news they are winding down the QE progressively ATM. Still enormous amounts piling on to a humongous amount, the effect of which on inflation we are only just starting to feel.

[Richy_T]

Get prepared for more of these, like every 1-2 years. Money printer continue go brrrr. It won't stop.

Worse, we've reached the stage where it can't stop.

[ChartBuddy]

Explanation

[Phil_S]

https://twitter.com/ericadamsfornyc/status/1456311827550384129

[Biodom]

Interesting analysis of the potential top price of this cycle:

https://www.nasdaq.com/articles/estimating-this-cycles-bitcoin-price-top-2021-11-06

TL;DR 160-368K (midpoint 264K)..peachy

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[lightfoot]

And they have another multi-trillion $$$ bill waiting in the wings already.

Get prepared for more of these, like every 1-2 years. Money printer continue go brrrr. It won't stop.

You know, back when money was all we had this sucked. Now that we have Bitcoin, who gives a fuck? Let money printer go brrrrrr....

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation