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

[ChartBuddy]

Explanation

[1714201559]

1714201559

[1714201559]

1714201559

[rdbase]

Factsheet on President Biden’s Digital Asset Executive order. It largely promotes studies and oversight but also aims to support innovation and strategic leadership to further the national interest. Seems net positive for the industry. 💪🚀 Source:
https://twitter.com/gaborgurbacs/status/1501525784229564420
https://www.whitehouse.gov/briefing-room/statements-releases/2022/03/09/fact-sheet-president-biden-to-sign-executive-order-on-ensuring-responsible-innovation-in-digital-assets/

On topic: Where's that pump coming from? Twitter is full of "Biden pump", "Bitcoin vs. Banks Endgame", "Ban Bitcoin" and i can't make out a reason.
Can somebody please update me?

May be related to this: https://twitter.com/dennis_porter_/status/1501378443388198917
But I would still like to hear some more opinions on this.

OK, yeah. Thanks!
Seems like the government has now realized that they can't just bring out the eDollar right now, so they concentrate on stablecoins (for whatever reason). No word on POW and privacy coins, prolly just wanting a piece of the cake while trying to stop just watching the Dollar slowly dying.

Europe is more like critcal regarding BTC and crypto, because these recently orchestrated fears of "russian capital flight" and attack-weaponry financing.
I suggest, just like with stopping buying russian oil and gas, they will hesitate to make a move until things cool down and "bad boy Bitcoin" is no more a real threat to muh economy and they have to admit "it's not even possible to just ban Bitcoin" or the likes.
Primarily Germany acting like a pussy in this particular case.

Seems net positive for the industry.

"I'm from the government and I'm here to help".

The only thing they want to study is how to get a slice of the pie.

This is what I understood from these leaked documents:
They were trying to make Biden as the good guy to cryptocurreny in a favored light, if you will.

But everybody knows the government is up to something when it comes to monies.
They will tax the **** out of it if these regulations ever happen the way they want them too.

This pump is just on the news that Biden is making it out like his administration is looking to nurture the crypto industry but big business will ruin it.
As they almost always do.
Jack Dorsey knew how it is and got out and took his cryptocurrency business (square -> block) out of the web of the industrial machine.

[vapourminer]

But everybody knows the government is up to something when it comes to monies.
They will tax the **** out of it if these regulations ever happen the way they want them too.

the usa already taxes bitcoin/alts gains.. trust me on that.

the real problem would come if they say private citizens cannot use non custodial wallets (core, hardware etc) and have to store corn in centralized exchanges or wallets (coinbase etc). not your keys etc.

[sirazimuth]

6 + 8 = 5

   

I hope you don't always calculate like this ........ your brain was probably quicker.
.....

You must be new here...

[Paashaas]

https://twitter.com/BTC_Archive/status/1501583711216807940

[Torque]

The U.S. Oil Embargo in the 70's, it achieved nothing except to raise gas prices on the already-suffering American consumer and raise gas scarcity everywhere.

Gee, sound familiar?

[ChartBuddy]

Explanation

[xhomerx10]

How satoshi Nakamoto name came up.......

credit: Elon Musk
Markets are looking bullish for the time being , hope we can jump to 50k in no time we are buried deep in the red sea...we want to see the bullish green sea

 Same response from me as the first time I saw it so many years ago...

[Distinctin]

https://twitter.com/BTC_Archive/status/1501583711216807940

After seeing some fallback of price, it's good to see some great news like this tweet.

In our country, there's a high rollback of oil and gasoline price but as long as I have bitcoin, I'm sure I will be able to survive this struggle.
it's brought by the war but this war would benefit crypto, but we don't want this war to continue longer.

More countries competing to be the major holder of bitcoin, the better of us as that simply means "demand will increase".

[d_eddie]

An interesting question I've seen on twitter. I'm asking it here, for the crowd of pundits and observers and long time bitcoin followers.

Q: What is the shortest WMA that results in BTC never going down?

Seen here:
https://twitter.com/cryptoartists1/status/1501559160684662789

[shahzadafzal]

Total number of unique addresses that have ever appeared in a Bitcoin transaction:



https://twitter.com/wclementeiii/status/1501597845601886210?s=21

[Richy_T]

it's brought by the war but this war would benefit crypto, but we don't want this war to continue longer.

If the world was as we'd like it to be, we wouldn't need Bitcoin.

People who criticize those cheering Bitcoin in bad circumstances should be told that we cheer (some of us) because its success has some chance of ending (or at least reducing) this kind of thing.

[LastWeek]

And just like that.. Bitcoin is over 41k again.. because....  Who the heck knows lol. The 36-42k range is way more resilient then I thought it would be.

[ChartBuddy]

Explanation

[marcus_of_augustus]

Biden Executive Order on Cryptocurrencies:

- To drive U.S. competitiveness and leadership in digital asset technologies.

- Agencies to integrate this as a priority into their policy.

https://mobile.twitter.com/BTC_Archive/status/1501541236682940418?cxt=HHwWhICzwZPzxdYpAAAA
... curious development this EO
.... none of these people have ever given a crap about bitcoin, ignored it, smeared it, lied at every turn about it, it's already insanely over-regulted with the kyc-aml state-sanctioned industrial datarape ... and now they want the US to ' lead the world"?
.... I'm thinking there's something else buried in here, like forcing SEC to approve an ETF?
...  Banksters gonna bankster

[OutOfMemory]

^ Big words only, like always.

Gotta watch what they'll do, regardless of what they say 

[d_eddie]

For the time being, it looks like "Buy the rumor".

[JayJuanGee]

After a massive surgery last year…. 8 March 2022 will remembered when losing my best friend.

So sorry man 

I never had a dog, but my cat died last year. Although I still miss her, we got another cat to fill the void and for most of the time she does the job well.
So as hard and heartless it may sound, get another dog, pronto! It will not the same, but it won't be as bad as it's now.
And again, I'm really sorry to hear this. Life is never fair.

I am thinking that mourning might be good for a month or so... that's a way to show proper sorrow for the loss but also to appreciate the new dog better.... It might not be as psychologically healthy to just jump into getting a new dog right away.. but I understand YMMV...

500 mln newly opened futures longs in the last day in Binance. This is calling for a new long squeeze. They missed the train last week, so they will try to catch it in motion. Good luck, n00bs! After they are liquidated I expect next week to get to 50K.

Well, this wasn't hard to predict. The usual long squeeze tax n00bs are paying to the casinos exchanges. Nothing to see here, move along!

It doesn't look like a long squeeze - it's a bit too deliberate.

Disclaimer: TA incompetent.

Now this looked like a proper short squeeze! 

May be this time the short squeeze will be extended above the resistance at 45K. Bears are still way too confident and opened a lot of new shorts in the last hours. I see nothing but good news for Bitcoin, so the chances for another pump in the 50K area are good.

You could be correct, ivomm.... this little pause in the $42k arena might well merely be to allow more placements of shorts... A HODLer can only hope (and maybe buy a bit more)... and even though we can see some of the dangers in this short term leverage, I know some guys want to play those angles... not this cat.... doing quite fine without the extra unnecessary complications.. and I suppose the non-leverage players can just sit back and continue to watch the ongoing carnage from such ongoing leveraged plays (in both directions)..

[OutOfMemory]

For the time being, it looks like "Buy the rumor".

Followed by "Bart in the news"? 

[d_eddie]

@OOM :-)