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

[philipma1957]

....  I think there is a strong possibility this is the phase the market is in right now, we've seen it before in previous bull runs right before some epic rises on thin volume

... I tend to think of it as the calm before the storm of the manic mark-up phase, you see it in other commodity markets also, grains, softs especially and local weekly cattle auction rings all share the same characteristics, also great studies in human psychology of markets

... basically the market is running out of sellers at these prices as the sellers now are expecting/demanding higher prices for their goods .... the buyers are there at the ring with cash in their pockets waiting for cheapest prices but they can see pretty much how many cows are left in the pens, the grass is going crazy in the paddocks back home but the sellers are in solidarity sitting on their hands saying NUP .... there's a quiet, tension in the atmospehere as the Mexican standoff goes through it's dance

... then the first buyer loses his nerve and puts in a big bid well above market, bang, that is the starting gun for the mark-up phase

... all the bids start coming in higher and higher but only a few get filled, fomo kicks, still no volume, the sellers are going to wait for the new price level to establish when it's in new territory

The 64k question (lol look what I did there?) is how far will the fomo send it?  There are two things that are "different this time".

1. I think there will be more fomo than we have ever seen by a LOT.  
2. The distance between 65 and 650 is quite different, and yet exactly the same as between 65,000 and 650,000. That's where the really chewy part comes in I think...
I have no idea.

Well that is a way of looking at it.  Personally I say  teasing really does make people anticipate explosive finishes.

How about we slowly go to 70k Dec 31 and float around  the 70-90 range for most of Jan-June. Then explode past 300k by aug 1

This works for me.

You just want to mine more before it goes up don'cha?

duh I just spent 100k expanding the mine what do you think 🤔..

We want more good months of mining.

the hardest part of mining is dca the gear and don’t over buy.

if we pump and stagger now (nov-dec) i fucked up.

if we rise slowly upwards for months on end I whale.

time will tell.

[1715024881]

1715024881

[1715024881]

1715024881

[BitcoinBunny]

Oh yeah, a new ATH is just around the corner /s

[eddie13]

The history of the corn.  Gaze upon the 2017 volume vs today...  where on this graph are we???

Whats that volume in USD though..

[BitcoinBunny]

Hey Rainforest, how is that DGB working out for you?

[HI-TEC99]

Perhaps he can buy some off proudhon.

Who has the highest BTC balance?  Not me.  I've got more than 1000 but less than 4000.

I've got > 2000 and < 5000.  Last year when I started I remember thinking "I hope one day to have 200".  On then on the way down from $32 I kept scooping them up with my biggest haul coming in at $2.4x after the last $2.00 bounce.  I keep saying to myself, "I've got enough", and I think I've got plenty, but it'd sure be nice to have 10,000...

But maybe proudhon's not selling.

...

As bearish as I am and remain, I've still got a nice stash of bitcoins in offline storage that intend to keep forever, even though recent price movements have been tempting me to sell.

[HI-TEC99]

Oh yeah, a new ATH is just around the corner /s

I wonder if proudhon ever paid adamstgBit the 10 bitcoins he promised him for being so profoundly short sighted and wrong. I'll gladly take them as adam's not been around for a while.

hold your lol's for next years, when you sold off all your bitcoins and the price keeps going up but you dont care cuz your busy buying a new house 

If that happens adamstgBit, I'll give you 10 bitcoins, just for me being so profoundly short sighted and wrong.  Free of charge.

[ChartBuddy]

Explanation

[friends1980]

Party on.

[Lambie Slayer]

A very Gentlemen day indeed.  

[friends1980]

Copter time?

[lightfoot]

[HI-TEC99]

[Lambie Slayer]

https://www.zerohedge.com/economics/msnbc-goes-full-clowntard-claims-inflation-good-thing-families-struggle-soaring-prices

 

[El duderino_]

This is the way.

[friends1980]

It seems we've reached the point where WO's so bored with ATHs, they all got out and invested their BTC back into stonks.

They all were so bored
From looking at all time highs
Thus got back to stonks

[Lambie Slayer]

Many weeks this year forming a nice base of support in the 60k's and we are taking off to fresh All Time Highs.

All with a Hyper Bullish backdrop of inflation fears taking over the hearts and minds of the average first worlders, stocks at all time highs, global Zirp and Nirp fully intact, stock to flow model holding true, Elon selling stocks and hodling Bitcoin, China is out of the picture, and much more.....

And google trends for Bitcoin hasnt even budged. 

https://trends.google.com/trends/explore?q=bitcoin&geo=US

The party has just started. 

[philipma1957]

It seems we've reached the point where WO's so bored with ATHs, they all got out and invested their BTC back into stonks.

They all were so bored
From looking at all time highs
Thus got back to stonks

Fuck that shit.

I purchased more mining gear.

[BitcoinBunny]

1 BTC = £50,000

 

[philipma1957]

1 BTC = £50,000

 

nice 😊 now for honey badger’s next trick here comes 70k USD.

[ChartBuddy]

Explanation