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

[wagmi]

That is a whole lot of BTC sales that are hanging over the market.  That along with mtgox funds and ETH2.0

ETH 2.0 is a big danger bomb because it is a big Shitcoin experiment and if it fails it would cause a huge FUD wave again like Terra Luna did. And in case of such event, we really need to teach for everyone A LOT: Bitcoin and Altcoins are completely different tech and should be treated separately.
I tried to educate people because stupid Shitcoiners are still poorly educated:

Bitcoin has crashed really hard but we also need to mention what's important:

Bitcoin wasn't responsible for what happened, Bitcoin was safe, working as usual and as usually proven since Bitcoin was started. It was caused by a single, very risky ALTCOIN, where fundamentals of were not proven sufficiently. It was a weak Altcoin causing a huge crash.
An Altcoin, where no link to Bitcoin's tech was around. Bitcoin and Altcoins are totally independent, still people are getting FUD and sell Bitcoin causing a crash.

People should be aware for a similar situation: Bitcoin wasn't responsible for what happened, Bitcoin was safe, working as usual and as usually proven since Bitcoin was started. No need to sell Bitcoin.
People need to learn to be wise and don't sell Bitcoin when different Altcoins are having techical problems. It will likely happen a lot more because we have a lot of shady Altcoins!

A very good recommendation: don't sell Bitcoin when a different Altcoin crashes!

After all, such crashes will only re- distribute coins from weak hands to strong hands (HODLers).
To be succesful means to understand Bitcoin is independent from Altcoins and to understand HODL.  

A possible ETH 2.0 crash wouldn't change Fundamentals of Bitcoin but people still need to learn how Bitcoin is 100% independent from Altcoins. It's our only chance how we can prevent Bitcoin's price crashing, when an Altcoin fails again!

[philipma1957]

That is a whole lot of BTC sales that are hanging over the market.  That along with mtgox funds and ETH2.0

ETH 2.0 is a big danger bomb because it is a big Shitcoin experiment and if it fails it would cause a huge FUD wave again like Terra Luna did. And in case of such event, we really need to teach for everyone A LOT: Bitcoin and Altcoins are completely different tech and should be treated separately.
I tried to educate people because stupid Shitcoiners are still poorly educated:

Bitcoin has crashed really hard but we also need to mention what's important:

Bitcoin wasn't responsible for what happened, Bitcoin was safe, working as usual and as usually proven since Bitcoin was started. It was caused by a single, very risky ALTCOIN, where fundamentals of were not proven sufficiently. It was a weak Altcoin causing a huge crash.
An Altcoin, where no link to Bitcoin's tech was around. Bitcoin and Altcoins are totally independent, still people are getting FUD and sell Bitcoin causing a crash.

People should be aware for a similar situation: Bitcoin wasn't responsible for what happened, Bitcoin was safe, working as usual and as usually proven since Bitcoin was started. No need to sell Bitcoin.
People need to learn to be wise and don't sell Bitcoin when different Altcoins are having techical problems. It will likely happen a lot more because we have a lot of shady Altcoins!

A very good recommendation: don't sell Bitcoin when a different Altcoin crashes!

After all, such crashes will only re- distribute coins from weak hands to strong hands (HODLers).
To be succesful means to understand Bitcoin is independent from Altcoins and to understand HODL.  

A possible ETH 2.0 crash wouldn't change Fundamentals of Bitcoin but people still need to learn how Bitcoin is 100% independent from Altcoins. It's our only chance how we can prevent Bitcoin's price crashing, when an Altcoin fails again!

nope they will always have linkage due to dare i say it “crypto exchanges”

so my gut is damn are we crashing when mr v makes his move to switch eth from pow to pos.

My regret is I dont have a few 100k in fiat right now to buy btc once the real crash comes.

or not. as JJG will tell you I don’t know much about honey badger.

[ChartBuddy]

Explanation

[wagmi]

That is a whole lot of BTC sales that are hanging over the market.  That along with mtgox funds and ETH2.0

ETH 2.0 is a big danger bomb because it is a big Shitcoin experiment and if it fails it would cause a huge FUD wave again like Terra Luna did. And in case of such event, we really need to teach for everyone A LOT: Bitcoin and Altcoins are completely different tech and should be treated separately.
I tried to educate people because stupid Shitcoiners are still poorly educated:

Bitcoin has crashed really hard but we also need to mention what's important:

Bitcoin wasn't responsible for what happened, Bitcoin was safe, working as usual and as usually proven since Bitcoin was started. It was caused by a single, very risky ALTCOIN, where fundamentals of were not proven sufficiently. It was a weak Altcoin causing a huge crash.
An Altcoin, where no link to Bitcoin's tech was around. Bitcoin and Altcoins are totally independent, still people are getting FUD and sell Bitcoin causing a crash.

People should be aware for a similar situation: Bitcoin wasn't responsible for what happened, Bitcoin was safe, working as usual and as usually proven since Bitcoin was started. No need to sell Bitcoin.
People need to learn to be wise and don't sell Bitcoin when different Altcoins are having techical problems. It will likely happen a lot more because we have a lot of shady Altcoins!

A very good recommendation: don't sell Bitcoin when a different Altcoin crashes!

After all, such crashes will only re- distribute coins from weak hands to strong hands (HODLers).
To be succesful means to understand Bitcoin is independent from Altcoins and to understand HODL.  

A possible ETH 2.0 crash wouldn't change Fundamentals of Bitcoin but people still need to learn how Bitcoin is 100% independent from Altcoins. It's our only chance how we can prevent Bitcoin's price crashing, when an Altcoin fails again!

nope they will always have linkage due to dare i say it “crypto exchanges”

You are right, most Altcoiners will come up and tell us it is "linked" but in reality, it is not linked. We all know.
But Altcoiners pretend Bitcoin and Altcoins are linked to profit from rising Bitcoin prices because Bitcoin will always rise in price longterm because Bitcoin is capped at 21M BTC.
Shitcoiners are just profiteering off of Bitcoin by linking Bitcoin and Altcoins.  

We need to educate here how Bitcoin and Altcoins are 100% not linked.  

so my gut is damn are we crashing when mr v makes his move to switch eth from pow to pos.

My regret is I dont have a few 100k in fiat right now to buy btc once the real crash comes.

It can happen very likely and prices are going to be cheap again. Still, some ppl see "trust lost in Bitcoin" if ETH crashes.  
It's quite funny.

But ofcourse, it's cheap Bitcoin prices and an opportunity for us because of HODL.  

[cygan]

[Lucius]

This is the most disgusting witch/ogre I've ever seen in my life.  Incompetent beyond imagination, brainless ugly piece of shit. Something like a non-binary cake male plane transgender version of putler.

 

Eeewww 🤮

Speaking of looks, I remembered who she reminds me of - World War Z can invite her to audition if they ever shoot a sequel - she would fit in perfectly with the zombie team, with just a little makeup

[cAPSLOCK]

OK.  I apologize for having done this.

And I am not going to say the thing this morning I want to say too.

I can make that sort of sacrifice for my friends.

[bitcoinPsycho]

OK.  I apologize for having done this.

And I am not going to say the thing this morning I want to say too.

I can make that sort of sacrifice for my friends.

I can see you were kicked in the balls

[ChartBuddy]

Explanation

[bitcoinPsycho]

Weekend pump

Weak end pump

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[philipma1957]

buddy drops 3x 29k numbers bad buddy.

[Tash]

@fillippone, you forgot to put a link to the content

And as for the opinion of anti-Bitcoin Christine, this is not something new - she has been repeating it since 2019 when she took over the presidency of the ECB. I am more concerned about her inability to curb inflation, and the ECB will reportedly decide to raise interest rates only in July, although the current monetary policy is completely unsustainable.

Earlier this year, Christine Lagarde, who has just been nominated to replace Mario Draghi as president of the European Central Bank (ECB), warned that cryptocurrencies are "shaking the system"—something that could signal a change in the ECB's approach to bitcoin and crypto and potentially spur adoption..."Not bitcoin, of course, but she has advocated already for state-backed cryptocurrencies as well as settlement tokens like XRP and JPM coin. We can expect that someone so crypto friendly in such a position will be good for the industry as a whole."

This is the most disgusting witch/ogre I've ever seen in my life.  Incompetent beyond imagination, brainless ugly piece of shit. Something like a non-binary cake male plane transgender version of putler.  



Eeewww 🤮

'bout time to regulate here/him

[empowering]

Bitcoin has crashed really hard but we also need to mention what's important:

Bitcoin wasn't responsible for what happened, Bitcoin was safe, working as usual and as usually proven since Bitcoin was started. It was caused by a single, very risky ALTCOIN

BTC had already dropped pretty much 50% from its ATH by the 5th May by the time Luna/UST went pop, and it did that all by itself without any help from Luna. Sure there was a further BTC sell off due to the Luna/ust lunacy... but I would argue that was going to happen regardless of Luna/ust imploding.

I had pointed to BTC hitting the 55 on the monthly.... and was expecting it, however, I did not expect it to happen so quickly.... if we do not dig in soon, then , more doom on cards..... and even if we bounce here,  we could just hit say 35k, form another lower high, and then ... doom..  personally still of the view there is no macro bull run case, until we break and form support over 48K at least.  

Worst case imo is we bottom out between 10/11K to 17K, unless there is another black swan then, who knows.....

Hoping we do not get worst case, but it would not surprise me either....  200W MA is next logical pitstop if we do not dig in soon thou, and would expect a reaction there... either a bounce or a shit the bed/capitulation moment.

(ps breaking say 36.7K and then forming some support above there would be a good start, and would get my attention)

[empowering]

ETH 2.0 is a big danger bomb because it is a big Shitcoin experiment and if it fails

..... describe what that looks like, I am interested in your theory/fear

[empowering]

Monthly.... slut


Made out like a homing pigeon for the 55^

Weekly=

Note the current Stoch cross up price on weekly^^

Click and click for higher res/full screen

[empowering]

(click for fullsize img)

BTCUSD LONGS ON BITFINEX .....

What could go wrong ?

Ven squeeze ?

[JayJuanGee]

The amount of leveraged longs at the moment is a little bit disturbing.  Even as the price falls the leveraged amounts keep rising.  That is a whole lot of BTC sales that are hanging over the market.  That along with mtgox funds and ETH2.0 coins being unlocked soon and you've got yourself a perfect storm for a crash.  Not to mention the coming recession.  I sure hope they get an ETF approved soon so it can soak up some of the coming coins that will be hitting the market.  So far I'm seeing more and more future sales hanging over the market's head while guys like Saylor aren't in a position to pile in much more.

Some pathetic paper hands whining we have here!  

(click for fullsize img)

BTCUSD LONGS ON BITFINEX .....

What could go wrong ?

Here's an actual link in which we can see the dates more specifically and really it appears that longs are at an all time high for the past 5 years of the below-linked chart.

https://www.tradingview.com/symbols/BTCUSDLONGS/

You can view from the trading view chart that the bottom of the longs for the most recent exponential rising period was on about April 4th, so the longs have been continuing to go up exponentially for the past 6 weeks or so, and accordingly, there is no blip of any kind of a downward movement in the longs during the May 5-12 BTC price dippening of the last couple of weeks.  

I would have thought that we would have been able to see some kind of lessening of the number of longs during such a decently large downward BTC price move that went from $39k to $25k (36%) in about 8 days from May 5 to May 12 with about the last portion of that from about $33k to $25k (24%) in the final 3 days (from May 9 to May 12).

No blip in the number of longs in that chart or no other sign of any troubles.

Regarding the overall point, for sure it seems problematic for the BTC price to be able to go up from here with that quantity of longs.. It's hard to imagine going up with that many longs.... unless we just bring Oprah back and everyone wins a car, a hooker and some blow... may as well throw that into the mix, too..