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

[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]

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[ChartBuddy]

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[ChartBuddy]

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[cygan]

 
oldschool meets nft/web3

[Arriemoller]

On a happier note it looks like France is building 14 new nukes. I am glad, happiness is a warm nuke.....

bonus with fission plants: you are your own nightlight.. no more hitting your big toe on the end tables and such when going to the loo in the middle of the night

cant wait for fusion plants to come on line. go tokamak!

Yeah, I remember how the science magazines were all excited about fission power in the 80s "in twenty years we will have working fission power plants, we are so close now".
They are still saying the same thing now. And I bet you that's what they are still saying when I die.
I would love to be wrong, but I doubt it.

I also wonder where they get the funding, it costs an arm and a leg to build those reactors and somehow they just magically get the money to build them, decade after decade. Are they funded by aliens trying to push us forward?

Ok, so maybe not decade after decade, but you know what i mean.

No I take that back, they do get their money decade after decade, I'm gonna go get me some coffee now.

[machasm]

Yeah, I remember how the science magazines were all excited about fission power in the 80s "in twenty years we will have working fission power plants, we are so close now".
They are still saying the same thing now. And I bet you that's what they are still saying when I die.
I would love to be wrong, but I doubt it.

I also wonder where they get the funding, it costs an arm and a leg to build those reactors and somehow they just magically get the money to build them, decade after decade. Are they funded by aliens trying to push us forward?

Ok, so maybe not decade after decade, but you know what i mean.

No I take that back, they do get their money decade after decade, I'm gonna go get me some coffee now.

I think you might mean fusion power is being promised.
Fission reactors already exist and indeed do provide some of our electricity already and have been doing so for around 3 to 4 decades.

[machasm]

cant wait for fusion plants to come on line. go tokamak!

It will be very interesting to see how the delivery of fusion energy might change the whole energy/political landscape.
In theory, this should allow us to have access to very cheap, almost limitless electricity.
Reducing our reliance on fossil fuels and removing the stranglehold other countries have on us due to the abundance of natural fossil fuels within those countries.
Also what will happen to Bitcoin when energy becomes cheaper?
Will there be a need for US war machine to protect the petrodollar?
Perhaps the production costs of these new nuclear plants might be too prohibitive to build enough of them to change the reliance on fossil fuels?
Will there be the political will to change the status quo?

[ChartBuddy]

Explanation

[ImThour]

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

Thanks, couldn't be better than the man himself make me one so I asked him, thanks for inspiring me to ask him lol.

[OutOfMemory]

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.

Did you read my PM about a week ago?
Seems genuine to my eye, but i'd triple check before initiating contact...

[ChartBuddy]

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[ImThour]

BTC making Shooting Star Candlestick Formation at Weekly.

[ChartBuddy]

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[ChartBuddy]

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[aysg76]

The true chart that represents the difference of returns in all assets while btc going the opposite to them :

[somac.]

cant wait for fusion plants to come on line. go tokamak!

It will be very interesting to see how the delivery of fusion energy might change the whole energy/political landscape.
In theory, this should allow us to have access to very cheap, almost limitless electricity.
Reducing our reliance on fossil fuels and removing the stranglehold other countries have on us due to the abundance of natural fossil fuels within those countries.
Also what will happen to Bitcoin when energy becomes cheaper?
Will there be a need for US war machine to protect the petrodollar?
Perhaps the production costs of these new nuclear plants might be too prohibitive to build enough of them to change the reliance on fossil fuels?
Will there be the political will to change the status quo?

Electricity is only one input, production of many things will still be limited by available commodities. It will certainly be a massive game changer though. But fusion is still decades off at best and most likely closer to a century.

I have no knowledge about fusion myself and when my knowledge in a certain area is lacking, the discussions on hackernews are always pretty enlightening. Most there seem to think it is not really a breakthrough at all, more of just a benchmark being hit.

https://news.ycombinator.com/item?id=30271677

[ChartBuddy]

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[ChartBuddy]

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