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

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[PoolMinor]

This is bananas......










Combo breaker!

[ChartBuddy]

Explanation

[Torque]

My internet will be cut tomorrow.
The phone company is from January first no longer using the copper wires (land line) and I have land line ADSL
internet.
I have ordered fiber but it may take 6 to 12 months before they can get their asses out here and dig a cable to my house, on the other hand I only had to pay 9900 SEK for it. My neighbors who got cable when it was first installed some years ago in the area had to pay 32000 sek.
So I will be mostly using my laptop and free wifi spots in town to go online. I will try to use my phone as a wifi hot spot, but I don't know how well that will work.
The phone company tried to install a solution using a antenna and the mobile phone masts, but they couldn't get a strong enough signal.
So, I'll be on here more sporadically for a while i think, depending on how well the phone wifi solution works.

I would think things in Sweden would be better than that... Keeping you offline for up to a year is unacceptable in this day and age...

Incidentally, Malmö is (IIRC) the model name of my bed, bought in IKEA!

Also, yesterday I started watching a Swedish horror movie called Knackningar (2021). Haven't finished watching it. Will do tonight (from the beginning, for a proper watch).

What a messy post I've made, jumping from topic to topic like a bee... Sorry...

What

Well I have known about it for a while, if I had ordered fiber earlier I wouldn't have had to wait so long. We have had fiber here for quite some time, it's just stubborn me that decided that ADSL is good enough for me, and it was. And I didn't fancy paying 32000 sek when I already had ADSL that was working just fine.

Didn't know about knackningar, sounds good, will try to download it before my internet is cut of.

What about Tesla's Starlink? You might be eligible for the program in your area, not sure.

https://www.starlink.com/

[ChartBuddy]

Explanation

[LFC_Bitcoin]

Wall Street are back in office, no movement reflecting into bitcoin at the moment. It’s all a bit calm, no bull shit new covid variant dip after Fridays horror show.

*Observing*

[cAPSLOCK]

Interesting news...

Jack Dorsey stepping down from CEO of Twitter.  Markets seem to like it (with the stock up5%).  Not sure if he intends to stay at the top of Square.

Possible this has something to do with the sharks at Elliott Management who have been trying to oust him.

Personally, I am mixed on Jack... don't quite like/trust him...

https://www.cnbc.com/2021/11/29/twitter-ceo-jack-dorsey-is-expected-to-step-down-sources-say.html

https://www.the-sun.com/tech/4167154/jack-dorsey-step-down-twitter-ceo/

[ChartBuddy]

Explanation

[Lucius]

I would think things in Sweden would be better than that... Keeping you offline for up to a year is unacceptable in this day and age...

Surprising for such an advanced country. In case of a major malfunction that may be fixed in 2-3 days, I get mobile internet (separate box - unlimited traffic) until the repair is done, in a country that lags behind Sweden by at least 25+ years. In addition, for all who have problems with wires, there are alternatives in the form of mobile internet which is very fast (4G or 5G) and very affordable.


@Arriemoller, what about Tele2 which is a Swedish company and offer mobile internet - https://www.tele2.se/

[Torque]

Interesting news...

Jack Dorsey stepping down from CEO of Twitter.  Markets seem to like it (with the stock up5%).  Not sure if he intends to stay at the top of Square.

Possible this has something to do with the sharks at Elliott Management who have been trying to oust him.

Personally, I am mixed on Jack... don't quite like/trust him...

https://www.cnbc.com/2021/11/29/twitter-ceo-jack-dorsey-is-expected-to-step-down-sources-say.html

https://www.the-sun.com/tech/4167154/jack-dorsey-step-down-twitter-ceo/

RIP Twitter.

I could be wrong here, but it's my understanding is that Jack was the only person standing in the way of Twitter becoming more of an aggressively ad-riddled, invasive data collecting, free-speech censored, Facebook-like toxic cesspool.

Sounds like he no longer wanted to play along with the greedy wealthy investors.

It’s also unknown why Dorsey, 45, would take a step back. But if he steps down, the next CEO will have to meet Twitter’s aggressive internal goals. The company said earlier this year it aims to have 315 million monetizable daily active users by the end of 2023 and to at least double its annual revenue in that year.

[ChartBuddy]

Explanation

[cAPSLOCK]

Interesting news...

Jack Dorsey stepping down from CEO of Twitter.  Markets seem to like it (with the stock up5%).  Not sure if he intends to stay at the top of Square.

Possible this has something to do with the sharks at Elliott Management who have been trying to oust him.

Personally, I am mixed on Jack... don't quite like/trust him...

https://www.cnbc.com/2021/11/29/twitter-ceo-jack-dorsey-is-expected-to-step-down-sources-say.html

https://www.the-sun.com/tech/4167154/jack-dorsey-step-down-twitter-ceo/

RIP Twitter.

I could be wrong here, but it's my understanding is that Jack was the only person standing in the way of Twitter becoming more of an aggressively ad-riddled, invasive data collecting, free-speech censored, Facebook-like toxic cesspool.

Sounds like he no longer wanted to play along with the greedy wealthy investors.

It’s also unknown why Dorsey, 45, would take a step back. But if he steps down, the next CEO will have to meet Twitter’s aggressive internal goals. The company said earlier this year it aims to have 315 million monetizable daily active users by the end of 2023 and to at least double its annual revenue in that year.

That's interesting Torque.

I have been so puzzled by Jack because the whole corporate "censorship" aspect we have seen over the last few years has been very prominent on Twitter where an entire set of people have been ERASED there including a sitting (and now past) US president.  Where one particular worldview is exalted, and another declared to be "Nazi" or "fascist" or "white supremacist" And shut down.

At this point in the story the two faced liberal, and the HONEST libertarian will point out that Twitter is a private company and should be allowed to curate their content how they choose including banning whomever they want for any reason they want. I agree with this point of view. And it saddens me that so many people that identify with the sort of politics I espouse are shouting "censorship" at the top of their lungs, which is why I put it in quotes, and why I point out that it is the HONEST libertarians who defend Twitter's right to do this and it saddens me there are so few.

That does not mean it is not an abominable practice.

And that is where I get confused about Jack.  His push towards the "blue sky" project.  His love of decentralized systems, including Bitcoin, and his claim to want to support wild unfettered free speech seem to contradict with the position he takes when he awkwardly testifies in front of congress.

That's where I get confused.  Which is he?

Another problem is he is building ANOTHER Twitter like ediface with Square/Cashapp.  A centralized bank that is all tangled up in Bitcoin and is destined to censor transactions eventually, UNLESS they build it in a way that learned the lessons they missed when building twitter.

Which side is he on?  I don't know.

[lightfoot]

I have been so puzzled by Jack because the whole corporate "censorship" aspect we have seen over the last few years has been very prominent on Twitter where an entire set of people have been ERASED there including a sitting (and now past) US president.  Where one particular worldview is exalted, and another declared to be "Nazi" or "fascist" or "white supremacist" And shut down.

They were "censored" as soon as they stopped making oodles of money for the company. The twitter/facebook/google TOS is a complete joke, what it should say is "you can do anything you want as long as we make lots of money on it".

Such is life.

[cAPSLOCK]

I *WILL* quote myself again that this is a bear trap eventually...

But this channel does not look too happy yet.  But obviously if we can retake circa 60k that would be very meaningful here.  Again, it is interesting seeing so little retail involvement while Microstrategy announces getting in for another half billion at just under 60.

I feel like we are beginning to push a little past "due to hear about more OTC positions being taken by the bigger players".  They are either all playing chicken with each other holding back their announcements, or Microstrategy is shooting the biggest foot cannon in the history of finance.

Since, IMO, it is not the latter we are only left with seeing UP coming soon.  We are sitting on the edge of it right now.  Will this resolve as a bullflag?  Or do we stay in the channel some more?

*EDIT*
One other comment.

At these retail price oracles like Stamp and Finex et all we are seeing something OVER and OVER in the midst of a bull market:

On the way up there is little retail volume.  But the selloffs DO have greater volume.  Look at the chart below.  See how the down-barts are accompanied by big red candles, and yet the legs up have like 20% the sized green candles.  HOWEVER we are still in a bull market overall, and have been seeing this pattern just about the whole time.

I think there is only one way to interpret this (and it makes me excited).  And it harmonizes with what we have been seeing this whole cycle.

Coins are moving from the hands of traders on retail exchanges into the cold storage of people trading somewhere else.  Otherwise we would have seen the run from 3k-60k in under 2 years. Volume up on the exchanges when the market moves down, and quiet as it floats up.  Yet we are net going up.

I am betting that Microstrategy is enjoying their position as the only big player who can just brag about their intentions since they earned the position to do so by being first.

On the other hand if other large stakes are being taken, and the companies taking the stakes are public.  We cannot go forever with them operating in the dark.  Eventually they will have to report what they have done, right?

I just cant figure out how we do not see an avalanche of announcements soon.  Nothing else makes sense. 

[shahzadafzal]

Personally, I am mixed on Jack... don't quite like/trust him...

https://www.cnbc.com/2021/11/29/twitter-ceo-jack-dorsey-is-expected-to-step-down-sources-say.html

https://www.the-sun.com/tech/4167154/jack-dorsey-step-down-twitter-ceo/

Well not sure what’s cooking in his head but until now it seems he understands the technology.

“I don’t think there is anything more important in my lifetime to work on than #Bitcoin  

- @jack (June 4th 2021)”

https://twitter.com/blockworks_/status/1465328849227550730?s=21

[julian071]

As the BTC price seems to follow the stock market lately, and as that seems to follow the good and the bad news about Corona, some news about the latter: the South-African GP who was one of the first to discover Omikron, said its symptoms are much milder. IF that is true AND it is more contagious, that would be very good news indeed, because that would mean COVID-19 would follow the evolutionary route of other Corona-viruses; becoming milder to the point of being a seasonal flu.

Not quite there yet and unconfirmed info, but still.

Saw the GP on Dutch TV so no link.

[BitcoinBunny]

Madman. 

[El duderino_]

Personally, I am mixed on Jack... don't quite like/trust him...

https://www.cnbc.com/2021/11/29/twitter-ceo-jack-dorsey-is-expected-to-step-down-sources-say.html

https://www.the-sun.com/tech/4167154/jack-dorsey-step-down-twitter-ceo/

Well not sure what’s cooking in his head but until now it seems he understands the technology.

“I don’t think there is anything more important in my lifetime to work on than #Bitcoin  

- @jack (June 4th 2021)”

https://twitter.com/blockworks_/status/1465328849227550730?s=21

Very nice to say something like that on the 4th of June…. Miracles occur on that date 

That’s when my Bday hat comes out of my avatar map

[Richy_T]

That's where I get confused.  Which is he?

He sports an anarcho-communist star tattoo. If his actions seems contradictory it may be because his ideology is likewise.

And drugs. Lots of drugs.