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

[Wekkel]

JJG, I don’t know what has gotten into you but damn, I like it.

Short and snappy.

Calling out bullshitters.

Weeding out faulty thinking.

Demeaning hidden socialists.

I’d love to see this continue in 2022.

Happy New Year to everyone  

[Mbitr]

Happy New year!
First WO contest of 2022!
Where am I?

More precision=> more merits.

France ? Tignes ?

Making me very jealous - Enjoy your trip 

[NeuroticFish]

Happy New year!
First WO contest of 2022!
Where am I?


More precision=> more merits.

A nice place on Earth. Probably Italy. I can't be more accurate than this and I don't care. The most important is you enjoy it!
Happy New Year fillippone, Happy New Year WO!

[Torque]

Happy New Year, WO!

Man, what a terrible year 2021 turned out to be for Bitcoin...

[goldkingcoiner]

Happy new year, WO! Don't forget to buy some of the new year dip! I already got my first bag of the year!

[dragonvslinux]

Posting this again for some New Year Hopium. Recent bounce from $46K still looking like a "spring" for Wyckoff accumulation, even more so after creating new closing low on 4hr:



The one notable argument and differentiation between whether this is accumulation or distribution (despite the fractal pattern) is the recent increase in volume (as highlighted). In accumulation phases, there is a notable increase in volume at the "spring" (ie the final fake-out). Whereas during distribution, there is a notable decline in volume at a LH rejection prior to the increase that causes the break-out to lower levels.

Note: There was an increase in volume, but it didn't lead to sustaining lower lows, instead it so far has led to sustained accumulation and price bouncing back again.



Not forgetting the obvious trait is that distribution occurs after a sustained uptrend, whereas accumulation occurs after a sustained downtrend. While this may very well not be the final accumulation zone, it wouldn't make it a Wyckoff distribution zone either, even if price goes lower, due to the fact there hasn't been a sustained uptrend recently. This fractal otherwise looks very similar to the $29K-40K range imo.

In the distribution phase, the price remains sidelined after a strong uptrend. Larger players will now liquidate their positions, which may take the price lower after further steps.

Remember the $50K-64K range early in the year when most people were uber bullish? Looks similar to the above imo, prior to the 50%+ drop in price.

While ironically many people remain very bearish right now. The irony is painful. Most people will time the market wrong again.

Source: https://learn.bybit.com/trading/trading-with-wyckoff-accumulation-theory/

Evidence: https://www.youtube.com/watch?v=HQXsX3ia8B8

[Tash]

New years reminder, keep the cash out of the bank.
https://www.bitchute.com/video/dYI7S8y5i7xK/

[ChartBuddy]

Explanation

[shahzadafzal]

BTC ~ $46k again

I’m so sad

Le me:

[cAPSLOCK]

For all you ham radio enthusiast, a 97 year old station powering up and transmitting, amazing old technology.

SAQ Grimeton Christmas Eve 2021 Transmission on December 24th

https://www.youtube.com/watch?v=Ecg2UrKvNr8

Edit: "SAQ is transmitting on one frequency only; 17.2 Khz, as the radio wave is generated mechanically and the rotating alternator cannot produce any higher frequency. The transmitter was installed in 1924 and it was in operation 24/7 for several years. During WWII it was used to communicate with sub marines, as the low frequency allows the radio wave to be recieved under water, down to about 6 meters (18 ft). We are on air 2-3 times a year. See our website alexander.n.se and subscribe to our newletter and you will be noticed in time before any."

The antenna is 2,2 km long, that's a hell of an antenna.

SO COOL!

I have a Yaesu ft991 sitting right behind me.  Wish I could give you my station ID, but you know...  Still procrastinating getting my general license... have a lowly (in the US) technicians license for years.

[El duderino_]

Happy New year!
First WO contest of 2022!
Where am I?


More precision=> more merits.

Dolomiti ski resort, Passua, Bolzano, Italy?

Have fun and enjoy your vacation. 

The reflection in the glass…. Trying to zoom in…. There are writings on the cabin, but I cannot get them clear enough

[El duderino_]

Happy New year!
First WO contest of 2022!
Where am I?


More precision=> more merits.

Dolomiti ski resort, Passua, Bolzano, Italy?

Have fun and enjoy your vacation. 

The reflection in the glass…. Trying to zoom in…. There are writings on the cabin, but I cannot get them clear enough

Happy new year and enjoy the holiday

[Phil_S]

Image search on the mountains ->



https://www.trentino.com/en/trentino/val-di-fassa/canazei/

[ChartBuddy]

Explanation

[Farmer Bill]

For all you ham radio enthusiast, a 97 year old station powering up and transmitting, amazing old technology.

SAQ Grimeton Christmas Eve 2021 Transmission on December 24th

https://www.youtube.com/watch?v=Ecg2UrKvNr8

Edit: "SAQ is transmitting on one frequency only; 17.2 Khz, as the radio wave is generated mechanically and the rotating alternator cannot produce any higher frequency. The transmitter was installed in 1924 and it was in operation 24/7 for several years. During WWII it was used to communicate with sub marines, as the low frequency allows the radio wave to be recieved under water, down to about 6 meters (18 ft). We are on air 2-3 times a year. See our website alexander.n.se and subscribe to our newletter and you will be noticed in time before any."

The antenna is 2,2 km long, that's a hell of an antenna.

Fascinating well presented video, enjoyed that more than most of the crap I've endured over Christmas holidays.
Don't know that cAPSLOCK's transceiver would pick up VLF as low 17.2Khz.

Bitcoin price still hovering at mid December levels, no tears to shed.

Optimistic for 2022.

Arriemoller and all of WO Happy New Year and many more of them.

[fillippone]

Happy New year!
First WO contest of 2022!
Where am I?


More precision=> more merits.

Dolomiti ski resort, Passua, Bolzano, Italy?

Have fun and enjoy your vacation. 

Passua? I don’t know any Passua in Italy! The rest is ok!

Image search on the mountains ->



https://www.trentino.com/en/trentino/val-di-fassa/canazei/

Pretty close! You can do MOAR!

[PoolMinor]

It's all gravy from here....................

[shahzadafzal]

Image search on the mountains ->



https://www.trentino.com/en/trentino/val-di-fassa/canazei/

Pretty close! You can do MOAR!

If that’s close then may be

Corvara
https://goo.gl/maps/2QYbL4ECyTskMB9T8

Both just 38km apart as per Google

[ChartBuddy]

Explanation

[eXPHorizon]

Wow Time Flys so fast.. but i still remember 2021 like it was Yesterday