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

[ChartBuddy]

Explanation

[1715034266]

1715034266

[1715034266]

1715034266

[1715034266]

1715034266

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[somac.]

Shitcoins have come back very strong, good portion of them have completely elimanted their weekend losses and are up on the week. Bitcoin looks very tired and heavy in comparison.

To me this could mean 2 things. 1) no significant retail buying is happening with BTC anymore. or 2) BTC investors know something that the shitcoins don't, which is most likely more dumps on Monday. Or I guess both.

Don't like any of those options honestly.

[lottery248]

Shitcoins have come back very strong, good portion of them have completely elimanted their weekend losses and are up on the week. Bitcoin looks very tired and heavy in comparison.

To me this could mean 2 things. 1) no significant retail buying is happening with BTC anymore. or 2) BTC investors know something that the shitcoins don't, which is most likely more dumps on Monday. Or I guess both.

Don't like any of those options honestly.

i doubt if dumps would really happen on monday. however, if it occurred, it would be a real disaster to a lot of margins going for long, causing domino effect crashing almost every single normal altcoins including bitcoin itself. this is very likely transitory but maximum fear during it.

[somac.]

Shitcoins have come back very strong, good portion of them have completely elimanted their weekend losses and are up on the week. Bitcoin looks very tired and heavy in comparison.

To me this could mean 2 things. 1) no significant retail buying is happening with BTC anymore. or 2) BTC investors know something that the shitcoins don't, which is most likely more dumps on Monday. Or I guess both.

Don't like any of those options honestly.

i doubt if dumps would really happen on monday. however, if it occurred, it would be a real disaster to a lot of margins going for long, causing domino effect crashing almost every single normal altcoins including bitcoin itself. this is very likely transitory but maximum fear during it.

There is still the Omicron and FED FUD going around. It's very possible that the traditional markets could bring us down further, unless that all gets solved early next week.

[lottery248]

Shitcoins have come back very strong, good portion of them have completely elimanted their weekend losses and are up on the week. Bitcoin looks very tired and heavy in comparison.

To me this could mean 2 things. 1) no significant retail buying is happening with BTC anymore. or 2) BTC investors know something that the shitcoins don't, which is most likely more dumps on Monday. Or I guess both.

Don't like any of those options honestly.

i doubt if dumps would really happen on monday. however, if it occurred, it would be a real disaster to a lot of margins going for long, causing domino effect crashing almost every single normal altcoins including bitcoin itself. this is very likely transitory but maximum fear during it.

There is still the Omicron and FED FUD going around. It's very possible that the traditional markets could bring us down further, unless that all gets solved early next week.

i think that the whole market is on the "extremely overvalued" status, meaning the market is on the extreme bubble. if the market is still going down further, to a point it will burst the bubble and the whole world go into the end of finance.

some people suggested that the Fed paid a lot to let certain funds buy junk bonds like Chinese properties and used for ETF collaterals, such as Evergrande that is on the verge to become insolvent towards its offshore bonds. if it's declared insolvent, those collaterals are worthless to liquidate. even more, if the Fed fails to raise its national debt ceiling before 2021.12.15, it will become insolvent as well. if everything comes together, then it's the end of the world finance i am talking about.

to the whole crypto market, it's not going to be immune either especially if any major stablecoin becomes insolvent.

[ChartBuddy]

Explanation

[somac.]

Shitcoins have come back very strong, good portion of them have completely elimanted their weekend losses and are up on the week. Bitcoin looks very tired and heavy in comparison.

To me this could mean 2 things. 1) no significant retail buying is happening with BTC anymore. or 2) BTC investors know something that the shitcoins don't, which is most likely more dumps on Monday. Or I guess both.

Don't like any of those options honestly.

i doubt if dumps would really happen on monday. however, if it occurred, it would be a real disaster to a lot of margins going for long, causing domino effect crashing almost every single normal altcoins including bitcoin itself. this is very likely transitory but maximum fear during it.

There is still the Omicron and FED FUD going around. It's very possible that the traditional markets could bring us down further, unless that all gets solved early next week.

i think that the whole market is on the "extremely overvalued" status, meaning the market is on the extreme bubble. if the market is still going down further, to a point it will burst the bubble and the whole world go into the end of finance.

some people suggested that the Fed paid a lot to let certain funds buy junk bonds like Chinese properties and used for ETF collaterals, such as Evergrande that is on the verge to become insolvent towards its offshore bonds. if it's declared insolvent, those collaterals are worthless to liquidate. even more, if the Fed fails to raise its national debt ceiling before 2021.12.15, it will become insolvent as well. if everything comes together, then it's the end of the world finance i am talking about.

to the whole crypto market, it's not going to be immune either especially if any major stablecoin becomes insolvent.

The FED will not let things fall apart. To allow deflation at this point with such high debt levels across the board would absolutely lead to destruction that is far in excess of the 1930s. So yeah the FED is not going to pull support they can't, but, there is the little game they often play where they make out they are going to be responsible but when things go too far they do a u-turn. The  concern that we face next week is that the FED has not made that u-turn yet, and markets will keep pressure on until they do.

Regarding the national debt ceiling I think I read on the weekend that it has been extended till February, so shouldn't be an issue. Once again though the ceiling doesn't matter it will always be extended. Same as the FED will always print. The USA can't be insolvent in the traditional sense, they control their own fiat and can produce as much of it as they want. The producing can be hampered sometimes by the private banks not lending (money is created by private bank lending), but they seem to get around that these days through fiscal stimulus (and soon CBDC, where everyone can then hold and spend cash reserves).

[OutOfMemory]

Shitcoins have come back very strong, good portion of them have completely elimanted their weekend losses and are up on the week. Bitcoin looks very tired and heavy in comparison.

To me this could mean 2 things. 1) no significant retail buying is happening with BTC anymore. or 2) BTC investors know something that the shitcoins don't, which is most likely more dumps on Monday. Or I guess both.

Don't like any of those options honestly.

i doubt if dumps would really happen on monday. however, if it occurred, it would be a real disaster to a lot of margins going for long, causing domino effect crashing almost every single normal altcoins including bitcoin itself. this is very likely transitory but maximum fear during it.

There is still the Omicron and FED FUD going around. It's very possible that the traditional markets could bring us down further, unless that all gets solved early next week.

i think that the whole market is on the "extremely overvalued" status, meaning the market is on the extreme bubble. if the market is still going down further, to a point it will burst the bubble and the whole world go into the end of finance.

some people suggested that the Fed paid a lot to let certain funds buy junk bonds like Chinese properties and used for ETF collaterals, such as Evergrande that is on the verge to become insolvent towards its offshore bonds. if it's declared insolvent, those collaterals are worthless to liquidate. even more, if the Fed fails to raise its national debt ceiling before 2021.12.15, it will become insolvent as well. if everything comes together, then it's the end of the world finance i am talking about.

to the whole crypto market, it's not going to be immune either especially if any major stablecoin becomes insolvent.

EOF (End of finance) vs. FUD?
If finance would be that vulnerable, we wouldn't have survived 2008.
The FED already extended the ceiling, i heard on the international radio yesterday.

EDIT: I saw somac already answered in more detail. Have a nice day, i'm off shoveling snow until or beyond sundown 

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[bitcoinPsycho]

Buddy dominance

[aysg76]

Holders trying to control themselves for looking at the charts for some time



C'mon pump it now hard

[cygan]

it could/can all be so simple

[shahzadafzal]

Buddy dominance

Typical WO bro's giving buddy some space to cross $50k without a hiccup.

[ChartBuddy]

Explanation

[serveria.com]

Holders trying to control themselves for looking at the charts for some time



C'mon pump it now hard

Where did you get this IRL photo of mine? 

[serveria.com]

Shitcoins have come back very strong, good portion of them have completely elimanted their weekend losses and are up on the week. Bitcoin looks very tired and heavy in comparison.

To me this could mean 2 things. 1) no significant retail buying is happening with BTC anymore. or 2) BTC investors know something that the shitcoins don't, which is most likely more dumps on Monday. Or I guess both.

Don't like any of those options honestly.

Haha made me smile! Last time "significant retail buying" of BTC happened back in December 2017! Does that mean we're still in a bear?

We're not observing shitcoins here. The fact that some of that crap "came back very strong" doesn't mean a shit. All shitcoins are doomed (well, most of them). 

[ChartBuddy]

Explanation