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

[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.

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[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

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation