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

[cAPSLOCK]

NICE!  El_Dude!  I think you need to warm up the truck!


OK... I wanted to find the link but I cannot.  But I read this tweet from a dude that has bought a house with bitcoin from someone and the way he is paying for it is something like this:

Pay the equivalent for $200 in BTC Every X hours for Y days until ~ $480k  This method conquers the variance for the seller, and allows the buyer to take a risk that his final payment might actually be less BTC than if he did it all right now (or, of course more).

The reason this really struck me, is I think we are really only scratching the surface of the sorts of absolutely GAME CHANGING financial opportunities BTC is going to give us.

Paying a mortgage by the hour!

We are still early.  But honestly?  I am starting to see the end of saying that...  Soon we will still be *fairly* early.  I used to shrug my shoulders about "hyperbitcoinization". 

Not anymore.

[cAPSLOCK]

Over the top lads go go go

I wouldn’t get too excited just yet. Wait for the daily candle to close above the trendline. If it doesn’t, not good sign.

I take back all the nice things I have said about you!

Just kidding... but yes, this would be a nasty bull trap.  And there is currently more chance of that than the breakout we are hoping for... but let's see.

[bitcoinPsycho]

Over the top lads go go go

I wouldn’t get too excited just yet. Wait for the daily candle to close above the trendline. If it doesn’t, not good sign.

Kill joy 

[serveria.com]

$40k today bitches 

[naim027]

this would be a nasty bull trap.  And there is currently more chance of that than the breakout we are hoping for... but let's see.

Related?

[Richy_T]

I know I'm currently docked with cAPSLOCK,

 

[Paashaas]

I think next bear market will happen before 2024 halving.

Bitcoin will definitely moon before that, it's inevitable.

To much bullish news.

How do you define bear market?  How do you define moon this time around?

After a meaningful blow-off fase and i haven't seen one yet.

On the other hand, some called this a bear market for some others not because we are used to real crypto winter; -80% drop with 1 a 2 years of price derpression.

This is a gifted essential positive psychological effect that this 50% drop does not harm us to hard.

It's a privilege to have balls of steel JayJuanGee.

[cAPSLOCK]

This is interesting looking buying.  I am looking at volume across SEVERAL exchanges.  Usually when we see this it is primarily at one exchange with much less volume (proportionally) than the others... But THIS action is happening pretty much at all the exchanges.  Either a lot of people are buying organically at once (this implies news) Or a really really rich mfer bought up the order books to a certain point at all the exchanges.

The latter seems odd.  People planning to make big purchases are not going to go to all the trouble of loading up at several exchanges and then hit the MARKET BUY button.

So I am assuming there is some news we have not seen yet?  Guatemala?  Ecuador (have seen some there, but not really enough to do this?), Something else?  Or just a whale that DGAF?

Also this thing looks like it's prepping for another leg...  c'mon corn!

[Paashaas]

$40k today bitches 

[Phil_S]

Reposting again...

Reposting old stuff...

soon...

[cAPSLOCK]

After a meaningful blow-off fase and i haven't seen one yet.

[Paashaas]

https://twitter.com/KevinSvenson_/status/1489623533282070533

[Richy_T]

Now that we have 40 year high inflation, I was wondering what happened back then. There wasn't Bitcoin, of course but there was gold and it either wasn't as problematic or people weren't aware of the problems it had.

https://www.businessinsider.com/todays-gold-market-looks-a-lot-like-the-crazy-1970s-2016-7

This article is from 2016 but I'm more interested in the period it was talking about.

[Torque]

This is interesting looking buying.  I am looking at volume across SEVERAL exchanges.  Usually when we see this it is primarily at one exchange with much less volume (proportionally) than the others... But THIS action is happening pretty much at all the exchanges.  Either a lot of people are buying organically at once (this implies news) Or a really really rich mfer bought up the order books to a certain point at all the exchanges.

The latter seems odd.  People planning to make big purchases are not going to go to all the trouble of loading up at several exchanges and then hit the MARKET BUY button.

So I am assuming there is some news we have not seen yet?  Guatemala?  Ecuador (have seen some there, but not really enough to do this?), Something else?  Or just a whale that DGAF?

It's pretty well documented by now that it is all algo-driven bots that are buying on technicals. That is what you are seeing. It broke upwards on the downward triangle, not much more to say.

[ImThour]

So Much TA on this page and I am loving it.

My Take:
If the Daily candle closes above the trend line, it will be a good sign otherwise we will still be playing in between the channel.

edit: Ignore the alert 

[LFC_Bitcoin]

Observing $40,000.

We still alive in this bull run or dead cat?

[ivomm]

$40k today bitches 

This ain't ant pump, bitches! 

[cAPSLOCK]

This is interesting looking buying.  I am looking at volume across SEVERAL exchanges.  Usually when we see this it is primarily at one exchange with much less volume (proportionally) than the others... But THIS action is happening pretty much at all the exchanges.  Either a lot of people are buying organically at once (this implies news) Or a really really rich mfer bought up the order books to a certain point at all the exchanges.

The latter seems odd.  People planning to make big purchases are not going to go to all the trouble of loading up at several exchanges and then hit the MARKET BUY button.

So I am assuming there is some news we have not seen yet?  Guatemala?  Ecuador (have seen some there, but not really enough to do this?), Something else?  Or just a whale that DGAF?

It's pretty well documented by now that it is all algo-driven bots that are buying on technicals. That is what you are seeing. It broke upwards on the downward triangle, not much more to say.

That is the least satisfying answer ever... but reality often is.   I accept this possibility.

[ChartBuddy]

Explanation

[cAPSLOCK]

Observing $40,000.

We still alive in this bull run or dead cat?

The $100 trillion dollar question.  (Hat tip to good old PlanB)