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

[naim027]

Hi Bitcoiners! Missed my shitpost? Oh, I am sorry. I was on vacation and enjoyed it a lot. I Hope LFC_Bitcoin didn't join KFC yet. C'mon bro, get up. Be ready.

I bought it in DIP 😁
But, it's keep dipping 😅

[1714957802]

1714957802

[1714957802]

1714957802

[1714957802]

1714957802

[1714957802]

1714957802

[Copetech]

Eek!

He just said EXACTLY what I see maybe coming.

1.  Interest rates go up.
2.  Markets digest this.
3.  Shit begins to hit the fan.
4.  Bitcoin gets hammered, going down with other risk assets.
5.  Here we go... end of the world as we know it.  People on the streets... crazy.
6.  Bitcoin goes CRAZY up.

*Sigh*.  I do not want this way...

"I have been at this for 47 years.  I have never been as concerned about the future as I am now.  Because when all else fails, they take you to war."

Gerald Celente has been an uber bear for ever, I don't find him credible.

I would be glad for you to be right, and him to be chicken little.

One thing still bugs me though.  I am NOT a doom and gloom bear.  In fact I am an optimist to a fault.  But I have always seen a little farther down the road than most people.  I would assume that is true of many here.  In my older age I am making a little money because of it, and keeping my family safer.

In DEC/JAN 19/20 I was telling a guy I work with that there was a pandemic on the way, but the scary thing would not be the disease (hopefully) as much as the second order effects.  I bet if I were not lazy I could find a post here from around that time saying basically that.  What I saw as the second order effects were things like financial system collapse... small businesses going away, and supply chain disruption.  That type of thing.

But recently I have been realizing that is just the tip of the iceberg.  I was also generically worried about war... but I did not exactly see how we get there.  Thing is now that's becoming a little more clear to me.

I will share just one little realization that has been haunting the f&*$ out of me over the weekend.

IF we continue to keep seeing footballers, and tennis players having heart attacks on TV, and more of us have friends taken out randomly by heart attacks and strokes eventually the genie will be all the way out of the bottle.  I think we are already there.  It's just a matter of how bad does it get.

People on one political side are calling for the Nuremberg code to be invoked.  Well if it turns out those people are right.  This event will cause THE BIGGEST setback for modern medicine in our lives for sure.  MRNA tech could be the delivery mechanism that leads to a cure for most cancers.

But it will be decades... many decades before people trust medicine, pharmaceuticals, the media and governments again.  And some people who are not fans of these things might say "Good let em burn". And in some ways I am one of them.  But the cost will be great.  Not only in the lives of people who were led to their own deaths by a machine chanting "trust the science" (a phrase that is a perfect distillation of the OPPOSITE of science).  But more will die waiting for that cure for cancer that may also be coming later because the the destroyed trust in out systems, and institutions.

Not to mention the inevitable war we will see...

I am probably a worse bear in this regard than Celente.

Interesting Times...

Here take my last.

[tertius993]

Oops ...

[Hamich124D]

Y'all think it's a good time to short BTC now ? looks like 30k is inevitable at this point
a quick bounce can fuck you up if you use too much leverage tho

[lightfoot]

Y'all think it's a good time to short BTC now ? looks like 30k is inevitable at this point
a quick bounce can fuck you up if you use too much leverage tho

Oh noes! It's hit 39k! Start burning the village!

Oh wait, back over 40k, save the village.

[jojo69]

making a can of beans cost $4.

[lightfoot]

"I have been at this for 47 years.  I have never been as concerned about the future as I am now.  Because when all else fails, they take you to war."

I was a lot more concerned in the 80's when everyone knew we were six minutes from annihilation at any time due to the friendly SSBM Boomer off the coast of NYC. That was low grade stress.

This... eh. We also had to deal with 18% inflation at the time and we managed. The real suck was stagflation, when wages did nothing and prices just zipped on up.

[jojo69]

[dragonvslinux]

Finally some serious bullish volume and buying pressure has arrived. Even if only 1hr chart, it's the highest green volume candle Bitcoin has seen in a long-time  



So far (on smaller time-frames) it looks like $40K level is due to hold, given that the $40K to $46K (no support area) has now been successfully covered   🥳

Sub $40K and can start being bullish again  

I'm personally not seeing $40K-$46K range as providing much support given the volume gap

[ivomm]

Y'all think it's a good time to short BTC now ? looks like 30k is inevitable at this point
a quick bounce can fuck you up if you use too much leverage tho

Bears: "Now is our chance to breach 40K."

40K:

[NeuroticFish]

Finally some serious volume has arrived. Even if only 1hr chart, it's the highest bullish volume Bitcoin has seen in a long-time  

Keep in mind that the day has started with news about internet being (partly) restored in Kazakhstan.
Although there was little to no effect on global hash rate (despite the loud news on the matter), it may be a new (reversal) signal for somebody...

[cAPSLOCK]

Finally some serious volume has arrived. Even if only 1hr chart, it's the highest bullish volume Bitcoin has seen in a long-time  



So far (on smaller time-frames) it looks like $40K level is due to hold, given that the $40K to $46K (no support area) has now been successfully covered   🥳

Sub $40K and can start being bullish again  

I'm personally not seeing $40K-$46K range as providing much support given the volume gap, even if a dead cat bounce could occur from here at any moment

It sort of seems like the weekend action was a warmup.

But if this is bullish I would not want to see bearish.  But I get what you are saying.

[ChartBuddy]

Explanation

[dragonvslinux]

Finally some serious volume has arrived. Even if only 1hr chart, it's the highest bullish volume Bitcoin has seen in a long-time  



So far (on smaller time-frames) it looks like $40K level is due to hold, given that the $40K to $46K (no support area) has now been successfully covered   🥳

Sub $40K and can start being bullish again  

I'm personally not seeing $40K-$46K range as providing much support given the volume gap, even if a dead cat bounce could occur from here at any moment

But if this is bullish I would not want to see bearish.  But I get what you are saying.

Bearish is simply going deeper into the accumulation / support zone around $36K-38K, again nothing to panic about, even if some people will have something to cry about 
I'm far from calling a bottom here, price is still looking to make lower lows, but seeing a significant reaction as price enters support is a reassuring sign at least.
Lowest Weekly close in 6 months is definitely not a bullish sign by any means, but recent price action shows accumulation is coming imo.

[gwaur]

IF we continue to keep seeing footballers, and tennis players having heart attacks on TV, and more of us have friends taken out randomly by heart attacks and strokes eventually the genie will be all the way out of the bottle.  I think we are already there.  It's just a matter of how bad does it get.

the human mind has a tendency to look for patterns, even when there are none.
heart attacks in sportsmen has been an issue for a long time.
here's a rudimentary list of notable sportsmen having sudden cardiac death by the age of 40:
https://en.wikipedia.org/wiki/Sudden_cardiac_death_of_athletes#Notable_cases
note that the list goes back as far as 1906.

a paper written by the guys from American College of Cardiology in 2016 (https://www.acc.org/latest-in-cardiology/articles/2016/06/28/07/06/sports-participation-and-sudden-cardiac-arrest) reads:

In the United States, there are approximately 100 to 150 sudden cardiac deaths (SCD) during competitive sports each year. The estimated incidence of SCD among athletes versus non-athletes was found to be 0.44 per 100,000 person-years, and 13 per 100,000 person-years, respectively. Despite the higher risk of SCD in the general non-athlete population, SCD among athletes garners intense scrutiny by the media and represents an emotionally charged medical topic. Indeed, the incidence of SCD in National Collegiate Athletic Association (NCAA) athletes may be higher than previously thought

[cAPSLOCK]

Bearish is simply going deeper into the accumulation / support zone around $36K-38K, again nothing to panic about, even if some people will have something to cry about 
I'm far from calling a bottom here, price is still looking to make lower lows, but seeing a significant reaction as price enters support is a reassuring sign at least.
Lowest Weekly close in 6 months is definitely not a bullish sign by any means, but recent price action shows accumulation is coming imo.

Right...  And I would agree we probably have more to come.  But this is a nice looking little V shaped skirmish.  Which I understand was your original point.

[d_eddie]

Y'all think it's a good time to short BTC now ? looks like 30k is inevitable at this point
a quick bounce can fuck you up if you use too much leverage tho

Perfect time to short
Math and science, ask the llamas
Advice: 80x


#haiku

[proudhon]

Y'all think it's a good time to short BTC now ? looks like 30k is inevitable at this point
a quick bounce can fuck you up if you use too much leverage tho

Perfect time to short
Math and science, ask the llamas
Advice: 80x


#haiku

80x is not realistic. 10x would be perfect. We now know that bitcoin will never make another ATH again and will certainly end 2022 lower that the price is right now. That's 100% guaranteed, which is why shorting bitcoin is the only reasonable thing to do right now if you care about wealth.

[ChartBuddy]

Explanation

[savetherainforest]

making a can of beans cost $4.

Fugazi?? ... Fughezi? .... Fugezzii??

"It's all pixie dust!"


I will be like :   

- Bread is 3x in price and food riots started.   

- Bitcoin is 650x in price and no one is rioting.