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

[ChartBuddy]

Explanation

[1714055836]

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[1714055836]

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[Syke]

BTW, is it just me, or is reddit really so messed up and poorly designed for browsing posts? I just hate it every time I visit. I find it hard to navigate...

I don't get reddit. Threaded posts are randomly hidden so you need to click forward/back to read them. Just awful.

[vapourminer]

My moms side of the family were country folk.  I used to visit my grandfather in rural NC and we would take a couple cane poles for fishing.  We fished in a creek on his property, but that was on the edge of his neighbors property.  My grandfather, a man of few words pointed out a post with a purple top and asked me if I knew what it meant.  Nope, I said.  And he told me, it's a friendly way to warn people "if you go on that land they'll shoot ya" (the way my grandfather said it was more like "shoochee" lol).

Interesting. I had not heard of that one (nor ever seen any).

buying purple paint today, most posts and no trespassing/hunting etc signs are already in place

so the purple will be a nice touch.

TIL, thanks bob and caps

[naim027]

When da Taproot pump?   

Approximately one hour:

Is that was supposed to Dump by any chance?

[Toxic2040]

another bloody Monday morning wall report

#dyor

Bouncing off of 200ma support again..have to say things are not looking great for the bulls out there right now as steep holiday discounts reappear across markets today
D


The weekly chart is not much better and appears to be devolving into a chaotic mess as we approach 2022  No retest of teken sen short term resistance, kijun sen mid term support broken,  A weak span B(the bottom side of this green cloud we are hovering over, does not have much definition, meaning active price discovery is probably still at play in this range). Buy the dip? Not sure this is the time or place tbh. Reef all sails and heave to! 
W

#stronghands

[philipma1957]

Looks like some more dip for me.

[savetherainforest]

BTW, is it just me, or is reddit really so messed up and poorly designed for browsing posts? I just hate it every time I visit. I find it hard to navigate...

I don't get reddit. Threaded posts are randomly hidden so you need to click forward/back to read them. Just awful.

I <3 Luv reddit...... It feels like everything is designed for some retarded autistic pricks that see the world only in colors and sometimes in black dark troll dicks!!!

[El duderino_]

Corn…. I bought a dip….

It’s the other way around now, please Ser BTC muh familia

[ChartBuddy]

Explanation

[NeuroticFish]

While I agree with the comprehensive conclusion of TA ("chaotic mess"), shouldn't this news be bullish (if it's for real)?

Germany's largest savings bank planning to allow customers to buy/sell and HODL #Bitcoin

[ivomm]

Testing the 47K support again. It seems that some entity is stubbornly selling despite the lack of bitcoin inflows to the spot exchanges. With each day, fewer and fewer people are caught by the fear of losing fiat money, i.e being weak hands. More and more people and institutions are realizing the power of hodling, including the miners. So, unlike 2018, any significant dip in the price is short lived and bought by people with Michael Saylor's understanding and motivation. It is true that we didn't see an exponential FOMO run this year, but still we are 14x from the local bottom in March 2019 and 7x from the median price around which Bitcoin was traded in 2018-2020. And this should make us happy, not sad. I don't know what the price will be tomorrow, next month or a year. But I know that better times are coming with more retail, institutional, governments etc. adoption. And this will affect the price in a positive way, for sure.  

[Torque]

It seems that some entity is stubbornly selling despite the lack of bitcoin inflows to the spot exchanges.

A small nit: whales selling into their own walls is not actually selling.

[d_eddie]

It seems that some entity is stubbornly selling despite the lack of bitcoin inflows to the spot exchanges.

A small nit: whales selling into their own walls is not actually selling.

To the unsophisticated accidental tourist to WarFi, such as I am, the only possible counter-strategy is buying into the whales' low sells and erode their stash, sat after sat.

Does that make sense?

TLDR IOW BTFD

[ChartBuddy]

Explanation

[philipma1957]

It seems that some entity is stubbornly selling despite the lack of bitcoin inflows to the spot exchanges.

A small nit: whales selling into their own walls is not actually selling.

To the unsophisticated accidental tourist to WarFi, such as I am, the only possible counter-strategy is buying into the whales' low sells and erode their stash, sat after sat.

Does that make sense?

TLDR IOW BTFD

yes and while I am in the 1-10 btc range and not even an octopus > i have put in a $50 a day buy I was going to do it for the rest of the year but I have now decided to extend this buy until the end of Jan  , 2022.

buy started Nov 28 but let me go check that.
edit nov 10

so 33 days of buying it. with out any sales of it. I will continue this onwards and ups wards.

[cAPSLOCK]

Who was that that kept spamming to earn interest on that Celsius network?

https://www.reddit.com/r/CryptoCurrency/comments/r7py19/celsius_may_have_lost_900_btc_50_million_to_the/

Thanks for that. Interesting.

BTW, is it just me, or is reddit really so messed up and poorly designed for browsing posts? I just hate it every time I visit. I find it hard to navigate...

It's threaded, which sounds like a good idea but has its drawbacks. I much prefered the old usenet model where you would typically read threads in chronological order but you could also thread them if you wanted.

My brother from a different mother.

The threaded view is too chaotic for my tastes.  A good old flat forum style with the sensible use of quotes like this one, is my fav.

[cAPSLOCK]

My moms side of the family were country folk.  I used to visit my grandfather in rural NC and we would take a couple cane poles for fishing.  We fished in a creek on his property, but that was on the edge of his neighbors property.  My grandfather, a man of few words pointed out a post with a purple top and asked me if I knew what it meant.  Nope, I said.  And he told me, it's a friendly way to warn people "if you go on that land they'll shoot ya" (the way my grandfather said it was more like "shoochee" lol).

Interesting. I had not heard of that one (nor ever seen any).

It's odd but sensible.  One can post signs, but that is messy and liable to loss and damage while painting the top of a fence post purple is cheap and will last years if not decades.  It's only drawback is you better know what it means.

[cAPSLOCK]

It seems that some entity is stubbornly selling despite the lack of bitcoin inflows to the spot exchanges.

A small nit: whales selling into their own walls is not actually selling.

Although I agree or at least resonate with most of your paranoid theories ( ), this one never makes that much sense to me.  Why would the "whales" spend the money to do this.  Unless, of course, the whales are actually the exchanges themselves?

I am not questioning the validity of your theory.  I am saying I honestly do not understand it.  Can you elucidate?

[philipma1957]

It seems that some entity is stubbornly selling despite the lack of bitcoin inflows to the spot exchanges.

A small nit: whales selling into their own walls is not actually selling.

Although I agree or at least resonate with most of your paranoid theories ( ), this one never makes that much sense to me.  Why would the "whales" spend the money to do this.  Unless, of course, the whales are actually the exchanges themselves?

I am not questioning the validity of your theory.  I am saying I honestly do not understand it.  Can you elucidate?

It could crush 100 x longs which would make serious money for an exchange .

It is why I would love to see a ban on any leveraged trade over 10x short or long. { Will never happen}

[cAPSLOCK]

another bloody Monday morning wall report

#dyor

Bouncing off of 200ma support again..have to say things are not looking great for the bulls out there right now as steep holiday discounts reappear across markets today
D


The weekly chart is not much better and appears to be devolving into a chaotic mess as we approach 2022  No retest of teken sen short term resistance, kijun sen mid term support broken,  A weak span B(the bottom side of this green cloud we are hovering over, does not have much definition, meaning active price discovery is probably still at play in this range). Buy the dip? Not sure this is the time or place tbh. Reef all sails and heave to! 
W

#stronghands

Nice to have you back posting, even if it's about bloodiness.