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

[ChartBuddy]

Explanation

[naim027]

We have to test 60k at least one more time!

It's almost the weekend. We are still in the $53.8K to $59K range. Either we have to break $60K Or we should fall to $52K. After that $52K break, We could jump again.

To_The_Moon. HODL.

[ChartBuddy]

Explanation

[El duderino_]

I stilllike the PlanB content

He earns lots of respect for the work he has done etc

[El duderino_]

I stilllike the PlanB content

He earns lots of respect for the work he has done etc

[serveria.com]

I stilllike the PlanB content

He earns lots of respect for the work he has done etc

One dildo is missing on this graph! 

[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

Oh?

We are going down then?

No pumpening impendening?

I still stand by my prediction that the price won't really go anywhere significant until January 2022.

And for those wishing that it would double from here by the end of December, it would never hold that price for very long. It would get PnD'ed. So why would you want that?

What you want is a newer high with a new floor that will stick.

[ChartBuddy]

Explanation

[El duderino_]

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

Oh?

We are going down then?

No pumpening impendening?

I still stand by my prediction that the price won't really go anywhere significant until January 2022.

And for those wishing that it would double from here by the end of December, it would never hold that price for very long. It would get PnD'ed. So why would you want that?

What you want is a newer high with a new floor that will stick.

Sounds good

[LoyceV]

I had to look up the word "tapering". Isn't it amazing it's so normal nowadays for the FED to buy assets, they even came up with a word for when they buy a bit less?

[El duderino_]

Just watching a pump… only in the wrong direction….

[Dabs]

Thanks but I might get internet again next week. A new plot twist. Tell u more later when I can see what I write and dont have to fight the Swedish spell check.

Över här People just dont give a fick and fly Them anyway, oh fick spela check.

I just turn off all dictionaries and spell check for my phone. It never gets anything right and just auto-completes gibberish all the time anyway.

[Torque]

I had to look up the word "tapering". Isn't it amazing it's so normal nowadays for the FED to buy assets, they even came up with a word for when they buy a bit less?

The world normalizes the Fed having to buy $120B/ month or else the world economy collapses into another Great Depression 2.0, as not a dire situation.

The world normalizes negative real rates with a shrug, like it's no big deal.

The world normalizes inflation running at 12-15% annually like it's no big deal.

The world normalizes tens of millions of jobs lost annually that are never coming back, with a shrug.

The world normalizes graduates carrying $100K+ in student loans that they'll never pay back for a basic degree, with a shrug.

The world normalizes a housing crisis that's only getting worse as no big deal.

The world normalizes a worldwide obesity epidemic that's only getting worse as no big deal.

I could go on and on, but I'll stop here.

And then they call us Bitcoin buyers as "crazy".  

[Dabs]

The world normalizes a worldwide obesity epidemic that's only getting worse as no big deal.

I could go on and on, but I'll stop here.

And then they call us Bitcoin buyers as "crazy".  

I'll pick this one, only because you mentioned it. A lot of the world are in hunger or poverty. The people who have obesity have a different problem and for many of them it's a personal thing. Only a few of them have a real medical condition that warrants treatment, the rest should be able to fix themselves on their own if they can just eat less.

Again, there are some who have real problems, but it seems to me a lot of the others have the problem in their heads only.

[ChartBuddy]

Explanation

[Torque]

The world normalizes a worldwide obesity epidemic that's only getting worse as no big deal.

I could go on and on, but I'll stop here.

And then they call us Bitcoin buyers as "crazy".  

I'll pick this one, only because you mentioned it. A lot of the world are in hunger or poverty. The people who have obesity have a different problem and for many of them it's a personal thing. Only a few of them have a real medical condition that warrants treatment, the rest should be able to fix themselves on their own if they can just eat less.

Again, there are some who have real problems, but it seems to me a lot of the others have the problem in their heads only.

It's not just a matter of eating less, it's also eating differently. I could spend an entire JJG-like diatribe talking about how the FDA and the food industry have conspired to make sure their unhealthy, carb-and-sugar laden food products (with high profit margins and next to zero nutritional value) are cheap, plentiful, and championed in the Media, vs. clean healthy meat (protein and fat) and vegetables that are getting media-smeared and made more expensive by the day.

Ever wonder why in this high inflation environment, that a bag of potato chips or a package of cookies barely goes up in price, while at the same time 2 lbs. of ground beef nearly doubles in price? That a bag of apples nearly doubles in price? There's a reason behind that. (not that I buy chips or cookies, that's garbage).

Just go research the evolution of available food over the decades in places like Tonga and the Pacific Islands, and their subsequent explosion of obesity epidemics with associated heart disease and Type-2 diabetes.

[Dabs]

I guess it's both. Eat less. Eat different. If you have access to a cell phone, or internet, you live somewhere sort of decent, have some sort of income ... you can be NOT obese. It's possible people don't know any better and were taught the wrong info, but these days almost anyone can figure it out.

[El duderino_]

Reinforcements please

Sent in the troopers

[philipma1957]

Reinforcements please

Sent in the troopers

Do me a favor reverse the image 

[Dabs]

Reinforcements please

Sent in the troopers

If you flip the image, or view it from the other side, it would have looked better huh...

Do me a favor reverse the image 

I was just about to say the same thing.