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

[LFC_Bitcoin]

I feel nothing, TBH.

I'm pessimistic that we're going to be sideways for quite some time, again.

Hope I'm wrong.

Lots of respected analysts saying the bull run is over bro, the top was $69,xxx etc.

I’m fine either way, let’s see what happens. If we moon, I sell more. If we enter a bear market I buy back with a 50% or more discount, no problem.

[ChartBuddy]

Explanation

[dragonvslinux]

Don’t be this guy.

WTF is a "Defi hack"? He lost his Bitcoins the moment he sent them to this Defi money grabber!

Just read about this, technically this is only a DeFi-based hack, as opposed to a DeFi hack, as the smart contract wasn't even exploited.
Hackers exploited a vulnerability in the UI of the DeFi-based website. It should really be labelled a website hack, but nevermind.
Is it really a hack when users are asked to give control of their account over to hacker, and they sign to this ? No really imo.
For example when an exchange get's hacked and loses it's BTC, is it a Bitcoin hack or an exchange hack ? Exactly.
It's literally a contractually binding agreement to lose all your money 
Good lesson overall in staying away from DeFi though...

[LoyceV]

Lots of respected analysts saying the bull run is over bro, the top was $69,xxx etc.

Are they rich analysts? If they're poor, I don't even want to consider it

[LFC_Bitcoin]

Lots of respected analysts saying the bull run is over bro, the top was $69,xxx etc.

Are they rich analysts?

Yes

[Torque]

Guys, just a PSA reminder on how markets work.

This is THE primary month for selloffs. It is customary to sell winners in order to offset losers for tax purposes.

This is a cyclical thing and happens every friggin year.

Please remember this and temper your expectations appropriately.

/end rant

[fr4nkthetank]

Rich analysts HA what the heck do they know vs Wall Observer.  Nothing.  Bitcoin goes up.

[OutOfMemory]

Lots of respected analysts saying the bull run is over bro, the top was $69,xxx etc.

Are they rich analysts?

Yes

Funny. Some peep tweeted ATH as per 10th of November, about two months in advance.
I did set a reminder bot service but it failed, otherwise i could link the tweet here.

EDIT: Researched the issue and the creator (@DudeJLebowski) deleted the tweet. My reminder was set for three months ahead, so the exact date he called the 2021 top was the 17th of October. I apparently failed to remember the day AND month. Sucks to be me  

[Lucius]

Lots of respected analysts saying the bull run is over bro, the top was $69,xxx etc.

These are not experts, but ordinary pessimists who repeat the same thing every time the price of Bitcoin drops 5% - and for them, the bull market ended in April 2021. Listening to such people is not only a waste of time, but can have serious (financial) consequences for anyone who believes what they say.

     

[ChartBuddy]

Explanation

[dragonvslinux]

Lots of respected analysts saying the bull run is over bro, the top was $69,xxx etc.

Are they rich analysts?

Yes

You have some some sources to share for this? I'm not doubting it, but would like to have a look at any alternative theories right now, especially from any respectable analysts.

PS - I did read Plan B talking about his "Floor Model" being accurate for 10 years of price history, re his accurate predictions for Aug/Sept/Oct, but obviously failing in November.
Strangely enough he considers November an "anomaly", which sounds like either his model is broken or never worked in the first place, or price broke the model.
Personally I think the model was more likely to be BS, I highly doubt it was correct for 100 months of Bitcoin's price, even if retrospectively created.

PPS - November's candle wasn't even bearish anyway, just a -7% body. It looks relatively indecisive with a bull wick as well as a bear wick... just saying.

[BitcoinBunny]

Isn't there a debt "fake ceiling" meeting tomorrow.

I reckon there will be another massive sway of money printing on the back of the self inflicted Omicron bonanza festivities.

BTC to $125,000 by March.

EDIT: sorry just saw the debt "ceiling" deadline is Dec 15th.

[ChartBuddy]

Explanation

[fillippone]

Hopium tweet from the new BTC kid:


https://twitter.com/wclementeiii/status/1466469993848217610


I think it, a little bit counterintuitive, as I was inclined to think about LTH (Long Term Holders) as the sharks going to be fed by small fishes (weak hands).

[goldkingcoiner]

SEC just rejected the #Bitcoin ETF application by WisdomTree



Merry Christmas.

[bitcoinPsycho]

SEC just rejected the #Bitcoin ETF application by WisdomTree



Merry Christmas.

The SEC can go fuck themselves with a rusty pipe

[LoyceV]

SEC just rejected the #Bitcoin ETF application by WisdomTree

It's kinda funny. I wish there was a decentralized way to buy into the stock market, I don't need a more centralized way to buy into Bitcoin!
Can you imagine buying a stock certificate that doesn't require a centralized broker to store it for you? And it doesn't require annual payments to said broker for said storage? Okay, paper would be annoying, but blockchain technology could completely replace the current stock brokers!

So SEC, if you're reading here (of course you are!): how about you get me a stock market based on private keys? You can forget about the Bitcoin ETF, Bitcoin works just fine already.

[serveria.com]

I feel nothing, TBH.

I'm pessimistic that we're going to be sideways for quite some time, again.

Hope I'm wrong.

Lots of respected analysts saying the bull run is over bro, the top was $69,xxx etc.

I’m fine either way, let’s see what happens. If we moon, I sell more. If we enter a bear market I buy back with a 50% or more discount, no problem.

I dunno man but I have a feeling this was not the top ($69k). I think that if we won't moon in December we will do it in Q1 2022.

So if we speak about possibilities:

$69k was the top - 10%
modest top ~$80k in December - 20%
face-melting top in Q1 2022 - 70%

All numbers and predictions are strictly SOMA. DYOR.  

[LoyceV]

I dunno man but I have a feeling this was not the top ($69k).

I'm with this guy:

I think that bitcoin was never stronger from fundamential point of view:

(click for the full post)

[ChartBuddy]

Explanation