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

[aysg76]

The thing I absolutely like about DCA bitcoin investment is you could probably stack more at less price which is what Saylor has done

Like seriously man he has acquired more than 120k Bitcoins at an average price of $29k which means he is already purchasing bitcoins at a past rate as the 2020 ATH was around $29k and closed at around $28k so he is making billions with it already even it dips below $40k also he doesn't give a fuck and will gain more out of it :

Bitcoin 2020 price charts



So he has managed to acquire them all at far below levels than current and is continuing to do so with the company funds going high with the profits out of it.He is making some big moves there.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[shahzadafzal]

Many will leave and many more gonna come… but Bitcoin is here to stay getting stronger day by day.

I didn’t even know there’s something called “wallet maintainer”.

I am officially stepping down as a maintainer of Bitcoin Core.

Serving as the wallet maintainer for the past three years has been an absolute privilege, and I want to thank my incredibly generous sponsor John Pfeffer (@jlppfeffer) for his support throughout. /1

Who’s this John Pfeffer by the way?

I also wonder where does the Theymos stands in this regards. Since Bitcoin Core has been a team and he’s part of it if I’m not mistaken.

[Syke]

So he has managed to acquire them all at far below levels than current and is continuing to do so with the company funds going high with the profits out of it.He is making some big moves there.

He's buying up something like 25% of all newly mined coins. One more Saylor and FOMO will go crazy!

[LFC_Bitcoin]

So he has managed to acquire them all at far below levels than current and is continuing to do so with the company funds going high with the profits out of it.He is making some big moves there.

He's buying up something like 25% of all newly mined coins. One more Saylor and FOMO will go crazy!

Hopefully he can stomach a crypto winter because if he can’t it would be very bad for the price. Nothing he’s shown so far would suggest he could have salad hands though. He’s buying most dips with conviction.

[shahzadafzal]

End of civilization is near I can feel it.

[ChartBuddy]

Explanation

[Shamm]

Sometimes the price Will Rise sometimes Down
I just got this.
An electrician shows how he loves BTC
Shamm the electrician
I just wearing my hard hat in the site but sad to say my work mate did not even ask what's the sign is.

[ChartBuddy]

Explanation

[ivomm]

Yesterday's sell-off wasn't related to the derivate markets, nor to a rush of hodlers to sell in fear of a bear market. So, this probably means that OTC desks are the culprit and possibly highly involved in the last month selling pressure. Whether it is one rotten whale or a bunch of hedge companies looking for some profit at the end of the year is irrelevant. These were just some ill timed big sales in a bull market. Now there is no reason for this to continue much longer - the supply of coins on exchanges continues to decline (unlike 2017), open interest and high leverage longs are no more, no FUD, ban, etc. news are around.

Historically, each bigger sell-off continues maximum one month after the local top, so we must be close to a reversal now. Perhaps the only thing in favour of the bears is the fear that 69K was the top of the cycle and it will be followed by a 85% correction. And probably this will lead to more high leverage shorts than before and less high leverage longs. In that case, we definitely will see at least one big short squeeze in 2022. As seasoned hodlers we know that if 95% of the traders expect a certain movement, in reality the opposite happens. It is too early to tell but may be the time has arrived when we see no more 2-3 year bear markets. Instead, a new pattern may be formed: 2 months of some increase, followed by 1-2 months of a correction, cleansing the weak hands, and resuming the upward movement.

[somac.]

Asia always with the selling

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[bitcoinPsycho]

Buddy needs a refill

[Torque]

End of civilization is near I can feel it.

Their VR garbage world full of ads and useless NFTs will fail.

Desperation feels desperate. Build it and nobody will come.

And the irony is that NFTs are the "tulip mania" of our time, not Bitcoin.

[cAPSLOCK]

This is a bear trap...

Just sayin'.

Strap in?  Or Strap on?  Pick your fav I guess...

I will die on this hill!

Well... yeah. it might kill me.

(Do we see the bulls overcome the tax selling bears and front run 2022? or do we have to slog through the rest of December?)

[El duderino_]

Keep the weekend pass please

[El duderino_]

Buddy needs a refill

Glad I had the finishing touch

Cheers

[ChartBuddy]

Explanation