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

[BitcoinBunny]

Bought the fucking dip and purchased 100 Big Macs worth of BTC.

[1713914036]

1713914036

[somac.]

https://twitter.com/CryptoCobain/status/1467099940572782592

Just had a thought. Being that all Macca's staff will eventally be bitcoiners once we crowd out the no coiners there, we should go about setting up our own union and strike till Macca's goes all in on BTC. That might get the price up. Let's just hope they don't descriminate against us in their hiring practices.

[Torque]

This Michael Saylor Tucker Carlson interview might be more important than we might think...

Perhaps, but I am always sus on timing of such MSM displays.

The bigger question is why now?

With inflation through the roof, why not now?

Well in the past few years, whenever the MSM would go big on talking positively about Bitcoin on live TV in order to raise awareness (e.g., Mike Novogratz being trotted out to wax love for Bitcoin, the Winklevii being interviewed about Bitcoin, an SNL comedy skit about Bitcoin, Ellen talking about Bitcoin on her talk show, Elon Musk on SNL talking about Bitcoin and Doge), it would be right before a massive bull trap incoming. That's always been part of the whale insider playbook. They just love to trap the n00bs.

THAT's why I'm always sus on that stuff.

Of course

1. I hope I'm wrong

-and -

2. Long term HODLers unaffected  

This aged well guys. No really it did.

Beware when the MSM has some Bitcoin evangelist on national television.

[El duderino_]

[philipma1957]

Got dip last night
got dip this morning
I still have my $50 a day btc buy in place and will keep it in place.

Discounts galore.

[ChartBuddy]

Explanation

[philipma1957]

Back to sandwiches

[LFC_Bitcoin]

https://twitter.com/CryptoCobain/status/1467099940572782592

webinscam

[ChartBuddy]

Explanation

[dragonvslinux]

Oh no time to panic sell. Or is it? Had this support zone drawn out for a long-time now, roughly $47-51K. Good volume support & where the 21 & 50 Week MAs lie:



Price remains within this support zone. Notice a pattern where price has previously found support from these long-term moving averages?

Even on the Daily chart price immediately found support the 200 Day MA around $46.2K. This is total BTFD territory imo, so that's what I've done.

Sure the bull market could be over, I won't rule that out but will continue to doubt it until I see any evidence of such an idea. A correction to support is completely normal in a bull market. But bare in mind if it were the end of UP, we'd almost certainly see a reaction rally back to $50-55K and rejection from there before further downside imo.... not a continued sell-off. On shorter time-frames, such as a the 4hr, price remains completely oversold after reaching RSI level of 16, so a short-term recovery seems imminent. Already the candle has a wick as long as it's body, so the day can easily end as a bullish candle (longer wick than body) even with some overall % downside. Also I imagine the Weekly candle could close above the 21 Week MA around $51K without much effort, now it's holding the 50 Week MA without much effort.

[NotATether]

Bought the fucking dip and purchased 100 Big Macs worth of BTC.


[img width=600]https://i.ytimg.com/vi/xMrNNflcqrs/maxresdefault.jpg[ /img]

Maybe purchase whoppers from burger king instead because you shouldn't be giving money to McDonalds

If I had more cash I'd buy the dip too, but I've got everything in BTC now

[becoin]

Sure the bull market could be over, I won't rule that out but will continue to doubt it until I see any evidence of such an idea.

Bull market is not over because FED, ECB, BOE, SNB and the likes print billions of fiat tokens out of thin air every single day! They can't stop doing that. This is why bitcoin will continue to appreciate until final collapse of the CB fiat system.

[ChartBuddy]

Explanation

[suchmoon]

I woke up to my GPUs making 10% more bitcoins than they usually do. Can't be bothered to check why but perhaps shitcoiners are panicking too and paying massive fees to move their defilth around. Good times.

[naim027]

Just Bought Another Few satoshis  . Buy As much as you can afford.

Here we go BTC. We should break $53K. $50K would be great. After that, we could come back stronger 💪.

Yeah. I expected to break $53K Support. but didn't expect that floor craking candle.

I woke up to my GPUs making 10% more bitcoins than they usually do. Can't be bothered to check why but perhaps shitcoiners are panicking too and paying massive fees to move their defilth around. Good times.

WOW. Is your GPUs Mining Bitcoin? How? Which Model?

I assume you are mining ETH on Nicehash?

[sirazimuth]

I woke up to my GPUs making 10% more shitcoins (that are converted to bitcoins) than they usually do. Can't be bothered to check why but perhaps shitcoiners are panicking too and paying massive fees to move their defilth around. Good times.

FTFY *







*(and shortly anon, jay will be administering my batslap, no doubt)

[gembitz]

https://twitter.com/CryptoCobain/status/1467099940572782592

webinscam

29k supp0rt is strungbwaahahaha

[philipma1957]

I woke up to my GPUs making 10% more bitcoins than they usually do. Can't be bothered to check why but perhaps shitcoiners are panicking too and paying massive fees to move their defilth around. Good times.

Whaling and also smoking.

I love to convert my ETH to BTC and cash 2x a week it be sweet.

[sirazimuth]

....

WOW. Is your GPUs Mining Bitcoin? How? Which Model?

I assume you are mining ETH on Nicehash?

It's really not rocket science.

idk, maybe it is for folks who..... ahhhh nevermind....  just use that google thingy, it knows everything....

[fr4nkthetank]

Just a nice shakeout before the pump 
No one said hodling to ATH was easy