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

[Richy_T]

To be unusually on-topic, I noticed that usually when we see large price moves that are probably organic, the chasing price walls are often depleted but in this recent crash, the asks were particularly resilient,

[Torque]

Nice bullish rebound on the 12h.

We're not fans of your newfound optimism.

Don't feel right.

[naim027]

This hasn't been verified yet, but any thoughts?

Source: [1]

Luna Foundation Guard To Support Struggling UST Peg With BTC Reserves

"High-volumes sales of UST have pushed the stablecoin below peg for several hours. The LFG will loan $750 million from its BTC reserves to market makers for stability operations. Today, the Luna Foundation Guard (LFG) — tasked with defending the peg and armed with $2.6 billion in bitcoin — is manning the ramparts."

[goldkingcoiner]

Wow I woke up proudhon and the greatest bullish statement he has made since 2012.

Is this the end of btc?

At least I got my solar array approvals this week.

my power cost dropped bigly.

this is so 2018.

I found out the secret how proudhon used to calculate bitcoin price before...



But now I guess he/she using some new logic.

I trust him fully with my money. No questions asked.

[proudhon]

Wow I woke up proudhon and the greatest bullish statement he has made since 2012.

Is this the end of btc?

At least I got my solar array approvals this week.

my power cost dropped bigly.

this is so 2018.

I found out the secret how proudhon used to calculate bitcoin price before...



But now I guess he/she using some new logic.

I trust him fully with my money. No questions asked.

Buy bitcoin

[empowering]

Meanwhile the bros over at Bitfinex longs going full yolo reaching new ath.....

This is almost as bad as Proudhon's recent posts.

Yup.... there will be blood

[Torque]

The stonk market right now feels exactly like it did around October 2011.

In the spring and summer leading up to 10/2011 there had been a huge rally with the S&P 500 reaching new ATHs.

Then came the crash starting around July 2011.

Once the bottom of market was reached in October, I distinctly remember the fear in the MSM that the market had much further to fall. At least back to July 2010 levels.

It never did.

The stonk market climbed a wall of worry to reach new ATHs by Feb 2012 and never looked back.

Moral of the story: When the MSM starts chanting that the market is going to crash much lower, it probably won't.

[ChartBuddy]

Explanation

[philipma1957]

The stonk market right now feels exactly like it did around October 2011.

In the spring and summer leading up to 10/2011 there had been a huge rally with the S&P 500 reaching new ATHs.

Then came the crash starting around July 2011.

Once the bottom of market was reached in October, I distinctly remember the fear in the MSM that the market had much further to fall. At least back to July 2010 levels.

It never did.

The stonk market climbed a wall of worry to reach new ATHs by Feb 2012 and never looked back.

Moral of the story: When the MSM starts chanting that the market is going much lower, it probably won't.

Well we are still in the 28.8k to 69.8k slot barely.

[ImThour]

When proudhon and I am bullish, you better start buying.

[empowering]

[Gachapin]

We are pretty close to being able to declare that model as broken.  It can still end up valid from here, but at this point that is in the very unlikely category.

Mr Plan seems to have already "updated" his model to a 55k average 

https://twitter.com/100trillionUSD/status/1521816544837316608/photo/1

[vapourminer]

*whimper*

[proudhon]

*whimper*

Hey, it's gonna be ok. We're in bull mode now. Look at the 1hr. Up almost a full %.

[Torque]

We are pretty close to being able to declare that model as broken.  It can still end up valid from here, but at this point that is in the very unlikely category.

Mr Plan seems to have already "updated" his model to a 55k average  

https://twitter.com/100trillionUSD/status/1521816544837316608/photo/1

Hahahahaha!

His 'updated' Average S2F ratio model puts the possibility of crossing above $100K for the first time around late 2024/2025.

Which is literally what most bitcoiners would have believed is easily achievable before his model even came along. Like 'No shit, Sherlock.'

Yeah, let's revise my PlanB model further out to a 95% probability, so when it happens I can say my model was right all along.  

[vapourminer]

*whimper*

Hey, it's gonna be ok. We're in bull mode now. Look at the 1hr. Up almost a full %.

wow you really know how to kick a guy when hes down dont you

[ChartBuddy]

Explanation

[machasm]

Man that film was dark.
I remember feeling almost despair after watching it.
It was good though.

[empowering]

Man that film was dark.
I remember feeling almost despair after watching it.
It was good though.

That opening scene where he is going up and down that mini mine he has dug, up and down , up and down, then the bucket gets stuck and tips, and then he goes down, and then ends up falling down the mine, gets a bucket in the head, then has to drag himself out of that hole in the ground all fucked up...totally fucked leg,  and then the camera pans out..... and you see that he is in the middle of fucking nowhere.... long long long way home.

Then it just gets more and more twisted from there.


Brilliant film....  

[empowering]

Opening scene to There Will Be Blood=

https://youtu.be/T3O-OEem3XM