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

[savetherainforest]

Next month is really important for the Bitcoin Price Action.

VI = Vortex Indicator (A vortex indicator is used to spot trend reversals and confirm current trends.)

When Red crosses up Blue, a Bearish Trend starts.
When Blue crosses up Red, a Bullish Trend starts.

Current Situation:
Either we stay in the bullish trend (The chart below is Monthly, so we are in a bullish trend since 01-06-2019) or we see a bearish trend after 4 years on VI.

What is wrong with you people and spreading FUD??.. THERE IS NO F^CKING BEAR MARKET!! Now 40K is somewhat the new 10K and we already had like a 4-5 month bear trend. Get over it, if you didn't bought till now then good luck waiting for sh!t to drop, because it won't!    

*edit(): But there can be another 4-5 month bearish trend, BUT !! after the next peak! And the last year before halving is another 'price adjustment year'.      

[aysg76]

Prince Philip of Serbia and Yugoslavia says that bitcoin is freedom. Noting that “we need to take the money away from the state,” the prince stressed: “We need to have hard money again. We need to have good quality money that’s not subject to inflation.”

Source

I also liked this part where he has emphasized that bitcoin not crypto can be tool for freedom

Emphasizing that his advice “is definitely for free,” he began by saying “crypto” but quickly corrected himself to say “bitcoin.” Prince Philip said: “Not crypto but bitcoin. It’s only about bitcoin.” He continued:

Bitcoin is freedom, and this is something I want for everyone.

The growing acknowledgement of bitcoin around the world is sign for the prices to move in upward direction.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[cygan]

[Torque]

Repeated blah blah blah garbage spew from the MSM:

"There seems to be a growing disconnect from what the markets are doing and <insert whatever garbage talking point the MSM is currently on about here>."

A growing disconnect? Yeah, no shit. Like, from about 2009 onward. 

[rdbase]

Some news that hasn't hit bitcoin price yet:

https://cryptoslate.com/government-of-malaysia-proposes-bitcoin-crypto-as-legal-tender
https://www.twitter.com/CryptoSlate/status/1505900794935132163

And there is a proposal for Honduras to have bitcoin as legal tender as soon as tomorrow!
https://digitnews.in/the-president-of-honduras-may-announce-the-legalization-of-bitcoin-in-the-country-tomorrow
https://news.coincu.com/74402-honduras-will-adopt-bitcoin
They said why El Salvador are allowed to have all the fun?

Expect a huge pump up in price from $41,500 to $63,000 tomorrow when the news has been finalize.

[ChartBuddy]

Explanation

[Lucius]

Some news that hasn't hit bitcoin price yet:

https://cryptoslate.com/government-of-malaysia-proposes-bitcoin-crypto-as-legal-tender
https://www.twitter.com/CryptoSlate/status/1505900794935132163

My comment from BD gives a slightly better picture of who and what thinks in that country.

Something seems to have been lost in translation, as some use the term "legal tender" while others translate it as "legal transfer", which of course is not the same thing. If we take a closer look at who the proposal comes from (Communication Ministry), then it is enough to scratch under the surface and find out what the Minister of Finance thinks about it.

While Zahidi wants to go full speed ahead on crypto, the country's finance minister — you know, the person who would actually oversee regulations — is decidedly less bullish. Tengku Datuk Seri Zafrul Tengku Abdul Aziz said earlier this month that crypto is not a "good store of value and a medium of exchange" because of its volatility. That isn't exactly a resounding endorsement for the country turning to crypto as legal tender anytime soon, despite Zahidi's desire to assist the crypto-loving youth.

Besides, for those who don't know, Bitcoin doesn't have a good reputation in that country, because some used electricity for mining that they did not pay for.

Malaysia has recently run into problems with bitcoin mining in the country. Police in the country said bitcoin miners stole about $2 million in electricity during 2020 alone. Stealing power for bitcoin mining is already a prevalent problem in the country, where the practice is illegal.

And there is a proposal for Honduras to have bitcoin as legal tender as soon as tomorrow!
https://digitnews.in/the-president-of-honduras-may-announce-the-legalization-of-bitcoin-in-the-country-tomorrow
https://news.coincu.com/74402-honduras-will-adopt-bitcoin
They said why El Salvador are allowed to have all the fun?

Expect a huge pump up in price from $41,500 to $63,000 tomorrow when the news has been finalize.

I heard that the news could be published at the crypto conference in Miami at the earliest, but I don't mind it happening tomorrow

[goldkingcoiner]

16.391 Million people will have become coiners, if Honduras joins El Salvador in making Bitcoin legal tender. That is nothing to scoff at. Go Honduras!

[ChartBuddy]

Explanation

[Toxic2040]

the morning wall report


bitcoin subdued this morning as markets assess the geopolitical landscape, down just under 1% and trading at $40.9kish on rising volume mid session

dyor

4h


wish i had more positive news but it is what it is...bitcoin seems perfectly happy trundling along right where its at for now
D

stronghands

[becoin]

With every day Zelensky, the leader of pro-American loyalists in Kiev, is becoming more and more hysterical while addressing his masters in Washington!

[ChartBuddy]

Explanation

[Toxic2040]

https://twitter.com/gaborgurbacs/status/1505871204896448519

[President90]

"#Bitcoin is the new wonder of the world. The biggest computation ever done, a digital monument, a verifiable artifact of digital gold. The foundation of a new digital age." -@adam3us

[ChartBuddy]

Explanation

[becoin]

https://twitter.com/gaborgurbacs/status/1505871204896448519

Actually it is very easy to solve. Announce to the world US is no more empire and switch from the imperial gallon to the litre!

[BitcoinBunny]

https://twitter.com/gaborgurbacs/status/1505871204896448519

[xhomerx10]

https://twitter.com/gaborgurbacs/status/1505871204896448519