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

[JayJuanGee]

$45K Buy Wall growth update from Coinbase Pro. Earlier was around 550, now around 700 BTC. Still thinking this one can hold:

I don't really disagree with almost all of your points of your post - including if there is some kind of tension regarding the various price pressure points that could end up causing a short-term break down or up from here...

I do wonder a wee widdow bit regarding your on the face assertion that the formation of a buy wall would constitute actual support.. because whether we are talking about a supposed support wall or even an apparent wall of resistance - the presence of those kinds of support walls do not seem to provide convincing evidence of actual support. even though sure, there does not really seem to be any problem pointing them out... even if sometimes people will refer to them as reverse indicators.. and maybe whether you deem them as an indicator or a reverse indicator might be based on other things going on.... and surely questions regarding if they appear to get eaten through or pulled can be other aspects too, in terms of price wall analysis attempts.

[1714851686]

1714851686

[1714851686]

1714851686

[1714851686]

1714851686

[OutOfMemory]

$45K Buy Wall growth update from Coinbase Pro. Earlier was around 550, now around 700 BTC. Still thinking this one can hold:

I don't really disagree with almost all of your points of your post - including if there is some kind of tension regarding the various price pressure points that could end up causing a short-term break down or up from here...

I do wonder a wee widdow bit regarding your on the face assertion that the formation of a buy wall would constitute actual support.. because whether we are talking about a supposed support wall or even an apparent wall of resistance - the presence of those kinds of support walls do not seem to provide convincing evidence of actual support. even though sure, there does not really seem to be any problem pointing them out... even if sometimes people will refer to them as reverse indicators.. and maybe whether you deem them as an indicator or a reverse indicator might be based on other things going on.... and surely questions regarding if they appear to get eaten through or pulled can be other aspects too, in terms of price wall analysis attempts.

Problem also is, bots could easily add to buywalls, to create an impression of solid support levels, and then revoke/lower their bids as the price is lowering.
BAM - price goes through the buywall...
I also examined the buildup of sellwalls as soon as there is a significant move upwards, and i also saw these limit orders moving upwards with price rise.
I doubt that that many people do this on an exchange in real time simultaneously. If you know what i mean...

[BitcoinBunny]

So with the rise of Omicron in Europe and soon the USA (I think it will go astronomical over there - compare the delay previously in Feb - March 2020 Europe and the months following in the US) how long before tapering becomes complete acceleration of money printing?

I'd say there will be another couple of rounds of helicopter money. February 2022 and May 2022.

BTC to $100,000 by April.

[Torque]

$45K Buy Wall growth update from Coinbase Pro. Earlier was around 550, now around 700 BTC. Still thinking this one can hold:

I don't really disagree with almost all of your points of your post - including if there is some kind of tension regarding the various price pressure points that could end up causing a short-term break down or up from here...

I do wonder a wee widdow bit regarding your on the face assertion that the formation of a buy wall would constitute actual support.. because whether we are talking about a supposed support wall or even an apparent wall of resistance - the presence of those kinds of support walls do not seem to provide convincing evidence of actual support. even though sure, there does not really seem to be any problem pointing them out... even if sometimes people will refer to them as reverse indicators.. and maybe whether you deem them as an indicator or a reverse indicator might be based on other things going on.... and surely questions regarding if they appear to get eaten through or pulled can be other aspects too, in terms of price wall analysis attempts.

Problem also is, bots could easily add to buywalls, to create an impression of solid support levels, and then revoke/lower their bids as the price is lowering.
BAM - price goes through the buywall...
I also examined the buildup of sellwalls as soon as there is a significant move upwards, and i also saw these limit orders moving upwards with price rise.
I doubt that that many people do this on an exchange in real time simultaneously. If you know what i mean...

Just talking out of my arse here, but if history repeats, the whales will be looking to grind it down to $40k. They know that $40k is a psychological level, so once there, I could see a flash dump crashing through 40k into the upper 30s, before taking off again. They wanna make the n00bs shit their pants and panic sell. Many new Mindrusts will be made that day.

Or, ya' know, the worst could be over. I still think the market is libel to go nowhere until the new year.

[serveria.com]

Bitcoin ‘may not last that much longer,’ academic warns
https://www.c[Suspicious link removed]m/2021/12/17/bitcoin-may-not-last-that-much-longer-academic-warns.html

Message: You hear that Average Joe? It's not going to be around much longer. Stay the fk away from Bitcoin!

Was hoping that was going to be Stolfi.

I miss that guy and the discussions...

Roach was funny but no adequate replacement

Meanwhile: Roach is getting his Christmas decorations ready:

[OutOfMemory]

$45K Buy Wall growth update from Coinbase Pro. Earlier was around 550, now around 700 BTC. Still thinking this one can hold:

I don't really disagree with almost all of your points of your post - including if there is some kind of tension regarding the various price pressure points that could end up causing a short-term break down or up from here...

I do wonder a wee widdow bit regarding your on the face assertion that the formation of a buy wall would constitute actual support.. because whether we are talking about a supposed support wall or even an apparent wall of resistance - the presence of those kinds of support walls do not seem to provide convincing evidence of actual support. even though sure, there does not really seem to be any problem pointing them out... even if sometimes people will refer to them as reverse indicators.. and maybe whether you deem them as an indicator or a reverse indicator might be based on other things going on.... and surely questions regarding if they appear to get eaten through or pulled can be other aspects too, in terms of price wall analysis attempts.

Problem also is, bots could easily add to buywalls, to create an impression of solid support levels, and then revoke/lower their bids as the price is lowering.
BAM - price goes through the buywall...
I also examined the buildup of sellwalls as soon as there is a significant move upwards, and i also saw these limit orders moving upwards with price rise.
I doubt that that many people do this on an exchange in real time simultaneously. If you know what i mean...

Just talking out of my arse here, but if history repeats, the whales will be looking to grind it down to $40k. They know that $40k is a psychological level, so once there, I could see a flash dump crashing through 40k into the upper 30s, before taking off again. They wanna make the n00bs shit their pants and panic sell. Many new Mindrusts will be made that day.

Or, ya' know, the worst could be over. I still think the market is libel to go nowhere until the new year.

AFAIR, bear markets more seek like to slowly exhaust BTC buyers/holders. Less flash crashing, but a slow grind down, until "bitcoin is ded" sentiment becomes widespread. Letting hope build up, crushing it again, until the upmoves get weaker, price flattens out, final capitulation move (a.k.a. mindrust maneuver), looking kind of a mirror image of the bull-phase price action.
This time (as every time) it should be different, so comparing to 2013/14 and 2017/18 to now and possible future progressions shows that everything but the last commonly expected should happen. Could be constant or parabolic continuation after the Asia selloff and possible follow-up movements, could be premature bear market for another two years, could be mayor shifting of short capital by market participants from China/Asia that moved to other places on the planet to resume trading corn...
For the short term, i agree on your thoughts about the price going more or less nowhere.
Since probably most of us kept going in for the fun of it too, we will witness the future of bitcoin and it will be anything but boring, in the mid to long term  

[Gachapin]

Bitcoin ‘may not last that much longer,’ academic warns
https://www.c[Suspicious link removed]m/2021/12/17/bitcoin-may-not-last-that-much-longer-academic-warns.html

Message: You hear that Average Joe? It's not going to be around much longer. Stay the fk away from Bitcoin!

Was hoping that was going to be Stolfi.

I miss that guy and the discussions...

Roach was funny but no adequate replacement

Meanwhile: Roach is getting his Christmas decorations ready:

Def. no German production quality...

But maybe roach is Chinese

[ChartBuddy]

Explanation

[savetherainforest]

Bitcoin ‘may not last that much longer,’ academic warns
https://www.c[Suspicious link removed]m/2021/12/17/bitcoin-may-not-last-that-much-longer-academic-warns.html

Message: You hear that Average Joe? It's not going to be around much longer. Stay the fk away from Bitcoin!

Was hoping that was going to be Stolfi.

I miss that guy and the discussions...

Roach was funny but no adequate replacement

Meanwhile: Roach is getting his Christmas decorations ready:

Those look lovely!!! .... Any idea if they come in green color ?     

I myself like to think of it as that budist symbol of peace/harmony or whatever... then the weird distorted german version of things that occurred...     ...      ... f&ck I'm evil.... in Hell I will meet Hitler and I will tell you all about it.!!!    

[El duderino_]

https://twitter.com/lauranelson1954/status/1471876954034950154?s=21

[ChartBuddy]

Explanation

[somac.]

So with the rise of Omicron in Europe and soon the USA (I think it will go astronomical over there - compare the delay previously in Feb - March 2020 Europe and the months following in the US) how long before tapering becomes complete acceleration of money printing?

I'd say there will be another couple of rounds of helicopter money. February 2022 and May 2022.

BTC to $100,000 by April.

I don't know the why or the when. But what I do know for absolute certainity is that there will always be more printing. Every asset, not just bitcoin, will be heading north. Great time to be an asset holder, worst time to be a worker relying on only income.

[somac.]

There's another full moon tomorrow (or the 19th in the morning depending on where you live) and while this isn't trading advice, it looks as though there might just be something to all this talk of bitcoin "mooning" after all.  A little hopium chart for your perusal:

Just for comparison, here's the exact same chart, but with the positions of the full-moon / new-moon icons flipped on the vertical axis. Note that the horizontal locations of the icons are still correct (i.e., the icons still represent the correct definitions for full moon / new moon).

A better chart would be one that shows the percentage profit/loss of each period.

[Richy_T]

Def. no German production quality...

But maybe roach is Chinese

They are clearly Hindu Christmas decorations...

[ChartBuddy]

Explanation

[BobLawblaw]

So with the rise of Omicron in Europe and soon the USA (I think it will go astronomical over there - compare the delay previously in Feb - March 2020 Europe and the months following in the US) how long before tapering becomes complete acceleration of money printing?

I know we have that other thread to discuss this kinda stuff, and don't want to get too long-winded, but I sincerely believe everyone who has not yet achieved natural antibody response, eventually becoming infected with Omicron is the end-game for this C19 shitfuckery.

[somac.]

So with the rise of Omicron in Europe and soon the USA (I think it will go astronomical over there - compare the delay previously in Feb - March 2020 Europe and the months following in the US) how long before tapering becomes complete acceleration of money printing?

I know we have that other thread to discuss this kinda stuff, and don't want to get too long-winded, but I sincerely believe everyone who has not yet achieved natural antibody response, eventually becoming infected with Omicron is the end-game for this C19 shitfuckery.

Let's hope so. More years of this crap would not be good for society.

[ChartBuddy]

Explanation

[Biodom]

So with the rise of Omicron in Europe and soon the USA (I think it will go astronomical over there - compare the delay previously in Feb - March 2020 Europe and the months following in the US) how long before tapering becomes complete acceleration of money printing?

I'd say there will be another couple of rounds of helicopter money. February 2022 and May 2022.

BTC to $100,000 by April.

I don't know the why or the when. But what I do know for absolute certainity is that there will always be more printing. Every asset, not just bitcoin, will be heading north. Great time to be an asset holder, worst time to be a worker relying on only income.

So true, I am still working and we had measly 4-5% increase (in total) in the last three years and in Texas you can't even strike for my current profession.
No bargaining of any sort.
Inflation-10.6% (official), essentially a 5-6% cut, minimally.
If not for bitcoin, etc., belt tightening would have happened.

[jojo69]

So with the rise of Omicron in Europe and soon the USA (I think it will go astronomical over there - compare the delay previously in Feb - March 2020 Europe and the months following in the US) how long before tapering becomes complete acceleration of money printing?

I know we have that other thread to discuss this kinda stuff, and don't want to get too long-winded, but I sincerely believe everyone who has not yet achieved natural antibody response, eventually becoming infected with Omicron is the end-game for this C19 shitfuckery.

Let's hope so. More years of this crap would not be good for society.