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

[cAPSLOCK]

Well the markets are painting a BEAUTIFUL reversal morning star DOJI on both the 3d and weekly.

The permabull in me see a lot of positivity in this market under the circumstances.  It is setting EVERYTHING up to stage a beautiful rally if the stars sort of align.  There are a lot of bulls champing at the bit it seems to me... they are just still scared, and it's understandable.

That is sort of the sticky bit. :/





(also would nice to see this volume keep up...)

[1713483821]

1713483821

[OutOfMemory]

stonk refugees would also see a beautyful island in BTC if the FED blows up the market tomorrow.
Too good to be true?
No?

EDIT: On the downside, the flip-back would be painful as well.

EDIT2: Maybe inflation will be fixing this, too 

[ChartBuddy]

Explanation

[Richy_T]

A little bit of light on a dim Monday.  I feel exactly zero sympathy for this asshole.  I feel a little bit for his family.  But I watched him personally cheer on the lawsuits coming out of the project he supported.

What he built was so CLOSE to a good idea but based on such a bad idea there was no saving it.

I saw many people saying it didn't matter if CSW was a fraudulent asshole, what was important was the fundamentals. No, the character of people is important. Steer clear of such people as much as you possibly can.

[serveria.com]

back from holidays, bitcoin can stop being a bitch now

some bounce maybe its up up and away.

36574 is the ceiling where this starts to look a lot like a V shaped bounce...

But isn't it kind of early??  I am trying to find the information that is leading to this...  Pretty dramatic dead cat if that's what it is...

Early? I'd say a bit late, taking into account we didn't have a blowoff top yet... 

[serveria.com]

Plot twist: Putin has crashed the price by war rumors, Russia bans Bitcoin etc and is BUYING THE FUCKING DIP right now! 

[icopress]

lol ... this is the first time I've seen Theymos post a GiF. 

[serveria.com]

I have zero sympathy for anyone that went all-in to BCash, BSV, or any other shitcoin for that matter and end up losing everything.

They were warned, they were all warned. And most of them turned into smarmy, know-it-all types with superiority complexes. They laugh at "toxic bitcoin maximalists" and are so convinced they are on the right side of history.

They aren't. Delusion is a hell of a drug.

100% this! Couldn't have said better....  

It was obvious since day 1 that forks are doomed!

[philipma1957]

mean while big green dildo

37.4 and rising

[ChartBuddy]

Explanation

[philipma1957]

sandwich 🥪

the rise should keep going.

may we go north of 40k by the days end

[UnDerDoG81]

Relief rally? Or trap before the next bigger dump?

[philipma1957]

Relief rally? Or trap before the next bigger dump?

40k by end of day.

[dragonvslinux]

back from holidays, bitcoin can stop being a bitch now

some bounce maybe its up up and away.

36574 is the ceiling where this starts to look a lot like a V shaped bounce...

But isn't it kind of early??  I am trying to find the information that is leading to this...  Pretty dramatic dead cat if that's what it is...

Not really, think you might just be stuck in the past here. Volatility reached 14 month low and now is rebounding, unsurprisingly after the move to the downside. There is no information that is leading to this, neither is there a need for any information. Short traders would have been taking considerable profits, while others would have got squeezed or otherwise taken out of positions. Price was otherwise considerably oversold on the Daily chart, so whether the bounce came from $36K, $34K or $33K, today or last week, is somewhat irrelevant here, given it was due either way. Nothing ever goes up or down in a straight line.

Whether it's a dead cat bounce before returning to the lows (or new lows) remains to be seen, I think price action around $40K to $50K levels will give a clearer picture. It's just the first time we've seen a doji reversal candle like this (after some capitulation) for a while. Since August or June last year roughly. Maybe you just forgot what a rebound looks like  

Parallel channel of 12-month consolidation at highs is otherwise holding as support, at key volume support. Nothing that 2-3 months of downside was going to change in a hurry:

[UnDerDoG81]

Relief rally? Or trap before the next bigger dump?

40k by end of day.

Would love to see that but stock market still dumping and the FED thing is on Wednesday. I hope its not a pump due to insider information before they dump the FED news.

[cAPSLOCK]

A little bit of light on a dim Monday.  I feel exactly zero sympathy for this asshole.  I feel a little bit for his family.  But I watched him personally cheer on the lawsuits coming out of the project he supported.

What he built was so CLOSE to a good idea but based on such a bad idea there was no saving it.

I saw many people saying it didn't matter if CSW was a fraudulent asshole, what was important was the fundamentals. No, the character of people is important. Steer clear of such people as much as you possibly can.

*I* may have said something that could be interpreted that way.  It's be hard to steer clear of myself.  But there is a great deal of nuance there if I did.

The sad ruined frog-person who founded Twetch blamed his failure on Calvin and Craig by saying "The tech works, but brand is everything".

And I think he is missing the elephant in the room.  Because there is no doubt that those two are a major negative for BSV.  I believe both of them to be different sorts of frauds.  But the fundamental issue is running TWITTER on an immutable database that aims to add more than a whole hard drive per day will end up being run by a centralized group of people, and then those people can conspire to wreck a business like Twetch.  I have watched this drama unfold.  And I do not know all the details.  But it is certain that this guy is on the outs with C&C, and they were pushing him out of the "BSV community".

But ultimately I think storing a bunch of shitposts on an immutable database is a HUGE ASS fundamental error.  And blaming your failure on a couple d-bags is missing the point.  It has nothing to do with brand... it is missing the point of what a blochain is for and ignoring that 16 nodes is not decentralized anymore.  C&C aim to get a court order to take Satoshi's coins... lol.  The chain has to be centralized to even do that.

[cAPSLOCK]

Relief rally? Or trap before the next bigger dump?

Exactly!

[dragonvslinux]

Probably nothing.



https://twitter.com/woonomic/status/1485677497971019777

[UnDerDoG81]

Probably nothing.



https://twitter.com/woonomic/status/1485677497971019777

Saw that today on Twitter but I can not read what that means. It gone up in the past and dumped. It gone up in the past and pumped.

[ChartBuddy]

Explanation