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

[ChartBuddy]

Explanation

[1714619000]

1714619000

[1714619000]

1714619000

[1714619000]

1714619000

[ivomm]

This looks like a double bottom to me, although technically it is several %'s lower than the last. So, just in case, I've bought the dip. And if we go lower, I will buy in the same manner, no matter how deep this bear market turns out to be. Everyone that had laser eyes on twitter now speaks of 20K, even 10K. What I see is that this massive 2 month coordinated dump achieved onlly 38K-39K bottom. It seems that it loses steam and soon there will be a rebound. Let's recall that in March 2019, we had a bottom 3.8K, and look where we are now - the mother of all crashes to 38K? Wow, that is sooo scary, I've almost panic sold ... my spare fiat.  

[Febo]

13 years ago today.



https://twitter.com/halfin/status/1136749815

[OutOfMemory]

Is the market bled out yet?
Many "want" $30k, we're still $8k above that.
It doesn't look like a real "buyers capitulation" yet (like 2019) and the daily isn't closed yet, too.
There's still room for downity, but after that this short bear market should be done.

Fuck derivatives, by the way!

[somac.]

Is the market bled out yet?
Many "want" $30k, we're still $8k above that.
It doesn't look like a real "buyers capitulation" yet (like 2019) and the daily isn't closed yet, too.
There's still room for downity, but after that this short bear market should be done.

Fuck derivatives, by the way!

Well, 8k fall ain't too difficult, but it feels like we are near a bottom and same for traditional markets.

Might have to stop looking at the price for a while though, maybe that bottom willl come in then.

[BTCaesar]

WTF is happening?

[El duderino_]

WTF is happening?

Pleas tell us ….

[ChartBuddy]

Explanation

[YourMother]

At this moment BTC is not even 2x since the all time high of 2017

[somac.]

At this moment BTC is not even 2x since the all time high of 2017

But its 10 times higher than its lows after that. DCA as long as you have an income and everything is fine.

[d_eddie]

Hang on a minute, is bitcoin dead?
Thought I'd drop by just to check.
Ah no, just a fire sale - get 'em while they're cheap. Last chance.

#haiku fail

I just come from the funeral. BTC didn't show up, the coffin was empty.
#btFd

Funeral of the corn
Surprise! The coffin's empty
OutOfMemory knows.



#haiku

[d_eddie]

Well, the events described in this post happened. There was a short/long squeeze on the market and a further drop in prices below significant support levels:

Derivative markets contributed to the fall, namely option expiration, increased open interest, increased use leverage by short traders, etc.

Next option expiry will hurt.

I just hope that when the uppity resumes, it will be fast and wild enough to reck some of these paper dealers. Eventually, they will need some physical corn to cover. My wish for them is that they have to scramble and marginally buy it at 200k+ apiece.

[ChartBuddy]

Explanation

[Paashaas]

[sirazimuth]

https://youtu.be/C11MzbEcHlw

RIP dude.

[proudhon]

Well, the events described in this post happened. There was a short/long squeeze on the market and a further drop in prices below significant support levels:

Derivative markets contributed to the fall, namely option expiration, increased open interest, increased use leverage by short traders, etc.

Next option expiry will hurt.

I just hope that when the uppity resumes, it will be fast and wild enough to reck some of these paper dealers. Eventually, they will need some physical corn to cover. My wish for them is that they have to scramble and marginally buy it at 200k+ apiece.

And it is guaranteed to remain nothing more than a wish. Bitcoin won't go above $45k at any point in 2022. Nor will it in 2023, 2024, 2025, and beyond. Macroeconomic winds have finally caught up to the mania. Nothing about bitcoin is special enough to overcome the headwinds of the next decade of economic policy. Before the next halving we will see prices below $10k.

[ChartBuddy]

Explanation

[Torque]

WTF is happening?

Pleas tell us ….

"WhAT iS GoiNg On WiTh ThE PRicE? WhY iS BiTCoiN FaLLinG?"

There's always at least one n00b that has to post that every. single. time.

[BitcoinBunny]

Well, the events described in this post happened. There was a short/long squeeze on the market and a further drop in prices below significant support levels:

Derivative markets contributed to the fall, namely option expiration, increased open interest, increased use leverage by short traders, etc.

Next option expiry will hurt.

I just hope that when the uppity resumes, it will be fast and wild enough to reck some of these paper dealers. Eventually, they will need some physical corn to cover. My wish for them is that they have to scramble and marginally buy it at 200k+ apiece.

And it is guaranteed to remain nothing more than a wish. Bitcoin won't go above $45k at any point in 2022. Nor will it in 2023, 2024, 2025, and beyond. Macroeconomic winds have finally caught up to the mania. Nothing about bitcoin is special enough to overcome the headwinds of the next decade of economic policy. Before the next halving we will see prices below $10k.

Are you sure they won't just cancel the next halving considering Bitcoin is such a failure?

[sirazimuth]

….<the usual gloom and doom>

Incoming pump…thanx Llama Llama.