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

[JayJuanGee]

There is a couple of things wrong with this chart. First, scale... the BTC "penis" should be ~30x longer than ETH. It obviously isn't. Also BTC volume seems to be overstated by one or two orders of magnitude. Perhaps they included change amounts, not sure. More realistic numbers I've seen are around $5 billion per day or ~$60k per second.

You’re so smart. Big fan. I love it when you talk dirty.

Elwar is MIA.., again.. not the first time that he has pulled this kind of extended MIA.....

I actually got a little worried earlier today - 5 buddies in a row - and no Jay, Juan or Gee.
Must be down for maintenance and bug fixes, I thought to myself.

Looking good Jay. The human C-bots are also MIA today. So peaceful.
Still have lightfoot and philipma to bash on, so I’m OK.

Usually, I do not miss more than 3 days in a row.. but surely there have been times when I had not been able to post very much within a week or two... just the nature of my life .. both in terms of availability and non-availability as a bot wannabe.

Many of us might well know that if you want to receive credit for activity points, you have to have at least one post per activity period (which is a 14-day period - something like Wednesday to Wednesday(two weeks later)), so some of us have found out that if you have only one or so posts in an activity period, but you end up deleting that post, you will lose all of your points for that activity period.. and even sometimes end up going down in rank.. believe it or not that some members ONLY found out when they actually deleted their posts.. also if a mod or admin deletes your posts, a similar result could happen.  

Since I registered on the forum, I ONLY have about 4 activity periods in which I did not receive any points, and of course, the living on of any bot likely has some human element, even though there is some Turing completeness that could be incorporated into such a bot (or bot wannabe).    There is a reason that you do not see me spouting out in too many contexts regarding immortality - even though there are surely some ways that bitcoin does create some possibilities to set up systems for such time travel - but I still get some senses that there needs to be some human intervention in order that matters do not get too screwed up or off course from some of the outlines of the original intentions.. In that sense, it seems that Satoshi had created something that still retains a lot of his original intentions.. even though some folks proclaim that not too many lines of the original code are completely intact.. but that does not mean that those subsequently working on the code had not been largely following quite a bit of various aspects of Satoshi's original visions - despite some claims of the bitcoin naysayers, no coiners, fence sitters and/or shitcoiners usually.  

The BTC accumulators and the HODLers among us are surely in a ongoingly great position, with options as long as we can recognize the value of BTC and at least accumulate/HODL some reasonable and meaningful amount.. and that amount may well not have to even be very much, relatively speaking, the more time that we have to work out the details (and hopefully not screw things up too badly)..

I just hope Elwar has finished building bitcoin Atlantis

Elwar is MIA.., again.. not the first time that he has pulled this kind of extended MIA.....

 Elwar is still kickin'; fighting the good fight.  Vivit ut vivat.
He's even monitoring the Canadian trucker protest in Ottawa.

And since you seem to be channeling our good buddy.. why does he not want to hang out with us peeps?

Nice hat for Im Thor by the way.

[1713283859]

1713283859

[1713283859]

1713283859

[Hueristic]

https://register.adopt-a-trucker.ca/

https://www.blockchain.com/btc/address/bc1qvetv2l3v508lmpral067kghhm6x6nsm70rgwhx

This address has transacted 26 times on the Bitcoin blockchain. It has received a total of 0.07444229 BTC ($3,168.65) and has sent a total of 0.00723900 BTC ($308.13). The current value of this address is 0.06720329 BTC ($2,860.52).

https://www.blockchain.com/eth/address/0x8857faa42f089e16bf1b0a3991e93286df5cc8ca

This address has transacted 7 times on the Ethereum blockchain. It has received a total of 0.1 ETH ($292.82) and has sent a total of 0.044296844 ETH ($129.71). The current value of this address is 0.000000000000000000 ETH ($0.00).

Code:

Total Sent
0.044296844 ETH
Total Received
0.10000000 ETH
Total Fees
0.055703156 ETH

L@@K @ the Meth fees!!!

One of you tweeters might want to point this out.

[Krubster]

Yay, got the rest of the parts to set up my Raspberry Pi Lightning Node today.

I decided to go with the Umbrel OS, seems like the right choice for a pleb like me. Currently synchronizing the blockchain, 3% done.

[ChartBuddy]

Explanation

[LFC_Bitcoin]

I’m just the Tweet guy.

NFA.


@AllenAu11
BTC is retracing after hitting $45.9K to test its 21D & 34D EMA similar to what happened last August. If history rhymes, BTC could reclaim $53K or higher after this retrace.

Resistance: $46.5K/$47.5K/$53K
Support: $42K/$41K/$38K

An on-chain metric foretold this retrace👇
https://twitter.com/allenau11/status/1492255803478536192?s=21



@AllenAu11
A spike in 1 Yr+ Spent Output Age Bands (SOAB) usually signals a correction is coming as LT HODLers sell their BTC.

SOAB spiked on 8/1/21. BTC's price corrected 12.5% & then rallied to $53K.

SOAB spiked on 2/10/22. Would BTC fall to $40K & then rallied above $50K?
https://twitter.com/allenau11/status/1492255809136652288?s=21

[lightfoot]

[sirazimuth]

-snip-

Where'd you get your hat?

..I remember a ways back he was trying to file a supplication with the Haberdasher and methinks there was a considerable backlog.

I didn't asked anyone to make me something, made it myself.

Yeah, that’s pretty obvious dude.
Regardless, I’m sure xhomerx would be happy to make you a proper one.

Can't wait to show you guys my hat avatar made by xhomerx

Presenting you guys my new avatar, all thanks to xhomerx10.
Current one will be updated due to cache.

Nice one bro. I'm glad you asked our awesome resident hatter to make you one. I knew he would take care of you. He did a fantastic job as usual.
It's definitely an upgrade from that homemade one you were sporting.  (mind you, that's not saying a lot, lol)


GO BITCOIN

[ChartBuddy]

Explanation

[somac.]

I’m just the Tweet guy.

NFA.


@AllenAu11
BTC is retracing after hitting $45.9K to test its 21D & 34D EMA similar to what happened last August. If history rhymes, BTC could reclaim $53K or higher after this retrace.

Resistance: $46.5K/$47.5K/$53K
Support: $42K/$41K/$38K

An on-chain metric foretold this retrace👇
https://twitter.com/allenau11/status/1492255803478536192?s=21



@AllenAu11
A spike in 1 Yr+ Spent Output Age Bands (SOAB) usually signals a correction is coming as LT HODLers sell their BTC.

SOAB spiked on 8/1/21. BTC's price corrected 12.5% & then rallied to $53K.

SOAB spiked on 2/10/22. Would BTC fall to $40K & then rallied above $50K?
https://twitter.com/allenau11/status/1492255809136652288?s=21

That recent spike is the bitfinex coins being moved by feds. Should have no bearing on price as they are not being sent to the exchange to be dumped.

Edit: Should add that the current dip is due to the Biden admin (and media quislings) trying to remain relevant by pretending that WW3 is imminent with Russia. It will be temporary, as Russia is not going to anything, and is instead just making the USA look even more stupid then what they are. Next week we'll be back around this week's highs, Biden approval will be even lower, and the media will double down on more FUD to hide how they and their political allies have fucked up the western world that prior generations laid down their lives to build.

[BobLawblaw]

Elwar's channels with me have been down for some time.

Not going to force close 'em, 'cuz it's fucking Elwar, but wondering if dude is doing OK.

[ChartBuddy]

Explanation

[Richy_T]

Keep us updated about the beehives. This is something i have been looking at doing for a while now, missed out on 200 acres of land recently, was going to do some kind of organic honey (not sure if this is possible, marketing ploy, more than anything else)

Photos would be nice as well, obviously with out giving up OpSec.

NO, not gay at all!

You don't need a lot of land, the bees will fly to find nectar and quite a long distance too. I had bees until they decided to starve themselves to death a couple of years ago. Still have five frames of honey in the freezer.

[ChartBuddy]

Explanation

[discobean]

Five ChartBuddies in a row

Five ChartBuddy in a row = Five hours without WO gang post....

When there have been 20 the bottom is in

[jojo69]

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[somac.]

I’m just the Tweet guy.

NFA.


@AllenAu11
BTC is retracing after hitting $45.9K to test its 21D & 34D EMA similar to what happened last August. If history rhymes, BTC could reclaim $53K or higher after this retrace.

Resistance: $46.5K/$47.5K/$53K
Support: $42K/$41K/$38K

An on-chain metric foretold this retrace👇
https://twitter.com/allenau11/status/1492255803478536192?s=21



@AllenAu11
A spike in 1 Yr+ Spent Output Age Bands (SOAB) usually signals a correction is coming as LT HODLers sell their BTC.

SOAB spiked on 8/1/21. BTC's price corrected 12.5% & then rallied to $53K.

SOAB spiked on 2/10/22. Would BTC fall to $40K & then rallied above $50K?
https://twitter.com/allenau11/status/1492255809136652288?s=21

That recent spike is the bitfinex coins being moved by feds. Should have no bearing on price as they are not being sent to the exchange to be dumped.

Edit: Should add that the current dip is due to the Biden admin (and media quislings) trying to remain relevant by pretending that WW3 is imminent with Russia. It will be temporary, as Russia is not going to anything, and is instead just making the USA look even more stupid then what they are. Next week we'll be back around this week's highs, Biden approval will be even lower, and the media will double down on more FUD to hide how they and their political allies have fucked up the western world that prior generations laid down their lives to build.

I'm mistaken that spike is not the bitfinex coins, but, it is still a nothing burger.

https://twitter.com/TXMCtrades/status/1492267236316356610?cxt=HHwWhIC5qaTJzLUpAAAA

I am observing much chatter about a recent spike in #BTC Spent Outputs aged 1yr+.

The tricky part about this chart is that you aren't shown the *volume* contained within.

Spending matters if it contains volume, so let's investigate further. 1/

Here is the volume of spending aged 1yr+.

Observe the spike in early February from the Bitfinex hack move, but also note the lack of volume matching the more recent spike on the previous chart.

Translation: a bunch of old UTXOs were moved that contained negligible BTC. 2/

[ChartBuddy]

Explanation