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

[ChartBuddy]

Explanation

[xhomerx10]

Just an idea and some hopium for a recovery.

[Gachapin]

Sell, everyone, sell !!


BTC will never be at >40k again .... last chance  !!1!


Don't be fooled by tech ...get yourself some rock solid and highly valuable fiat, while you can...

[somac.]

Just an idea and some hopium for a recovery.

I think we need a little hopium around here. I keep waiting for a bounce, but nothing. What you posted is as good as anything I guess.

[ChartBuddy]

Explanation

[somac.]

[OgNasty]

I’d have to disagree with the above. I’m not seeing capitulation in the market right now at all. I’m seeing lower lows on low volume indicating that we are still awaiting that max pain moment. It seems unlikely that we will turn upwards without a massive volume spike corresponding with a ton of selling. I’ll feel better once that volume spike and drop are in the rear view and with a little luck it’ll happen without digging us too deep into the 30’s.

[somac.]

I’d have to disagree with the above. I’m not seeing capitulation in the market right now at all. I’m seeing lower lows on low volume indicating that we are still awaiting that max pain moment. It seems unlikely that we will turn upwards without a massive volume spike corresponding with a ton of selling. I’ll feel better once that volume spike and drop are in the rear view and with a little luck it’ll happen without digging us too deep into the 30’s.

Honestly, I wouldn't know how to measure capitulation. But fear is pretty damn high right, many people have turned mega bearish on twitter, so I would think a relief bounce is in order at least.

[ivomm]

Good morning WO! I've just initiated a new fiat wire to the exchange. I'm calling the bottom/capitulation for this 2 month sell-off. 

[becoin]

I’d have to disagree with the above. I’m not seeing capitulation in the market right now at all. I’m seeing lower lows on low volume indicating that we are still awaiting that max pain moment. It seems unlikely that we will turn upwards without a massive volume spike corresponding with a ton of selling. I’ll feel better once that volume spike and drop are in the rear view and with a little luck it’ll happen without digging us too deep into the 30’s.

Nobody really knows what is the volume in the OTC market where shadow banking cartel operates. This drop has nothing to do with situation in KZ. Mempool is empty. This will be a very short lived drop.

[ChartBuddy]

Explanation

[somac.]

I’d have to disagree with the above. I’m not seeing capitulation in the market right now at all. I’m seeing lower lows on low volume indicating that we are still awaiting that max pain moment. It seems unlikely that we will turn upwards without a massive volume spike corresponding with a ton of selling. I’ll feel better once that volume spike and drop are in the rear view and with a little luck it’ll happen without digging us too deep into the 30’s.

Nobody really knows what is the volume in the OTC market where shadow banking cartel operates. This drop has nothing to do with situation in KZ. Mempool is empty. This will be a very short lived drop.

This is what I think. And as far as I can tell, from those who post on-chain data, on-chain is still supporting this. Last month, when the price dropped to these levels and bounced most analysts were saying that we will return to these lows as that's what always seems to happen with Bitcoin. Finally, when that happens though everyone is shitting themselves.

The fed seems to have a lot of jawboning power, I'm surprised many listen though, as mathamatically the monetary system is set up in a way that will ensure increasing asset prices until the serfs eventually overthrow the system. It's like the lessons of the last 15 years were never heard. "Nah the Fed is serious this time man, all that inflation that they need to erode away the unsustainable debt levels so that people can take on debt again. They don't actually want that". Bullshit, Fed don't give a shit about inflation, they only care about wage growth (can't have the serfs getting paid too much as that effects profits), and deflation.

[El duderino_]

I’d have to disagree with the above. I’m not seeing capitulation in the market right now at all. I’m seeing lower lows on low volume indicating that we are still awaiting that max pain moment. It seems unlikely that we will turn upwards without a massive volume spike corresponding with a ton of selling. I’ll feel better once that volume spike and drop are in the rear view and with a little luck it’ll happen without digging us too deep into the 30’s.

Nobody really knows what is the volume in the OTC market where shadow banking cartel operates. This drop has nothing to do with situation in KZ. Mempool is empty. This will be a very short lived drop.

Good I have enjoyed a little/very little sell @high 50’s low 60’s
So I have been able enjoying a discount right now and yesterday

Thx for the discount

[aysg76]

The actual bitcoin circle on which we should focus is growing btc adoption and demand and here is proof for the same :



Sell if you can't see what's coming ahead and inflation is going to put you in the rabit hole.

[somac.]

Just to emphasise my last point regarding the Fed not giving a shit about inflation, I'm listening to the last Macrovoices interview of last year, The guest speaker Louis-Vincent Gave makes a really important point that "inflation is not a bug, it's a feature". The Fed wants inflation, and they are happy with inflation at these levels especially since they know it will decrease somewhat soon once the last of the fiscal spending ends up in the 1% pockets (lower commodities prices help too). And being that there is so much utterly unproductive debt now floating around the system they know they need higher inflation to reduce it.

Expanding debt is necessary to expand the money supply, the money supply needs to expand to grow GDP, having inflation ensures that the expanding debt stays manageable for further debt growth and then further GDP. Yes the system is a ponzi, but that's how it works and inflation is here to stay. Long-term Bitcoin is the best vehicle to survive the monetary system. And the sharp increase illiquid supply we are seeing shows more people now understand the monetary system and also Bitcoin. There will be no more large 80-90% decreases in Bitcoin anymore.

[ChartBuddy]

Explanation

[BitcoinBunny]

Year on inflation in December 2021 6.4% in The Netherlands.

Note that house prices rose beyond 10% last year and one of the leading banks in The Netherlands expects another 12.5% increase this year.

With these figures anyone who complains that "but how can BTC be fair when those who got in early will have massive gains." is a fucking fool OR is purposefully trying to distract from the biggest problems.

[somac.]

Year on inflation in December 2021 6.4% in The Netherlands.

Note that house prices rose beyond 10% last year and one of the leading banks in The Netherlands expects another 12.5% increase this year.

With these figures anyone who complains that "but how can BTC be fair when those who got in early will have massive gains." is a fucking fool OR is purposefully trying to distract from the biggest problems.

Some people just want to go through life with their eyes closed. Then complain when they've fucked up.

[BitcoinBunny]

Inflation is definitely a feature (as was pointed out above).

On top of the inflation feature and the erasure of the middle class in the UK we have this disgusting move by the disgusting UK government btw:
https://uk.yahoo.com/finance/news/one-million-pulled-higher-rate-210315809.html

BuT wE hAvE tO pAy FoR cOvId ReLiEf.

-Fuck off.

 


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Looks like we have a bit of a BTC bounce at the moment.

[somac.]

Inflation is definitely a feature (as was pointed out above).

On top of the inflation feature and the erasure of the middle class in the UK we have this disgusting move by the disgusting UK government btw:
https://uk.yahoo.com/finance/news/one-million-pulled-higher-rate-210315809.html

BuT wE hAvE tO pAy FoR cOvId ReLiEf.

-Fuck off.

 

See I wouldn't mind paying tax if half the money didn't go straight to the extreme wealthy so that the politicians could have sweet million dollar jobs after the leave office on the boards of their comapines. Or if half of the tax left over from that wasn't then wasted on stupid shit the government should have nothing to do with.

Get rid of that and I would proudly pay tax, but that is never going to happen it seems.