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

[PoolMinor]

We are heading over $31K.....WillyBot tells me so....they have truncated the order queue.


https://www.bitfinex.com/order-book/?pair=BTCUSD

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[empowering]

We are heading over $31K.....WillyBot tells me so....they have truncated the order queue.


https://www.bitfinex.com/order-book/?pair=BTCUSD

Is it a bird? Is it a plane?

Bitfinex BTCUSD Longs (on weekly)




Tickety tock

[AnotherAlt]

Is it a bird? Is it a plane?

Bitfinex BTSUSD Longs (on weekly)

Tickety tock

I don't believe that you are a BTS Lover 

[Tash]

Oh, and Ukraine is still winning, and Russia is still the home of all evil.

Russia just cut off Finlands natural gas supply.

That's what usually happens for none payment

[Torque]

Oh shit, now Russia is in trouble:

Starbucks will exit Russia after 15 years, closing 130 licensed cafes
https://www.cnbc.com/2022/05/23/starbucks-will-exit-russia-after-15-years-closing-130-licensed-cafes.html

[Myleschetty]

Christine Largarde say crypto is worth nothing:

https://www.cnbc.com/2022/05/23/ecb-chief-christine-lagarde-crypto-is-worth-nothing.html

And she's right. Bitcoin is not "crypto".

She might as well throw the ECB's future digital currency in that bucket too.

It will be hard for an ordinary human mind to understand the big of crypto and I think someone needs to tell her that the failure of the fiat monetary system was what lead to the birth of cryptocurrency

[ChartBuddy]

Explanation

[empowering]

Is it a bird? Is it a plane?

Bitfinex BTSUSD Longs (on weekly)

Tickety tock

I don't believe that you are a BTS Lover 

Ahh yeah.... good spot

[Torque]

You know, now we are seeing Wall Street investors, hedge fund managers, bankers, corporate heads, and even Jim Cramer himself saying the Fed should hike rates more. Even after all this implosion in the stonk market.

Unbelievable. Never in history have the Wall Streeters and banksters called for actually raising rates. Never, ever, ever. They always want cheaper money, not more expensive money. And they don't give a shit about inflation and the main streeters plight.

The ONLY explanation that makes any sense is that they are all now colluding to mega short this market. They want it to crash. They want something to break.

I guess it's the only way to get the Fed to slam interest rates back to 0% and more money printer go brrrr by the trillions $$$.

Collusion confirmed.

https://www.zerohedge.com/markets/2022-has-been-worst-year-ever-hedge-funds-who-are-now-massively-shorting-chase-stocks-lower

I honestly hope they get rekted.

[ChartBuddy]

Explanation

[BitcoinBunny]

Oh shit, now Russia is in trouble:

Starbucks will exit Russia after 15 years, closing 130 licensed cafes
https://www.cnbc.com/2022/05/23/starbucks-will-exit-russia-after-15-years-closing-130-licensed-cafes.html

Anyone who is a regular coffee or tea/coffee drinker should try to give caffeine up for a few days and enjoy the awful detox near vomiting headache you get.
I couldn't quite believe it until I experienced it myself.
 

Less caffeine is not a bad thing I reckon.

[JayJuanGee]

Teeny tiny green dildo on a weekly?  

Rome was not built in a day.

Go figure!

https://bitcointalk.org/index.php?topic=5399793.0

Is it Bullshit? If it's true, Do you believe Bitcoiners will fall for Non-Fuckible-Things?

why are you giving us links to stupid shit?

You should have been able to filter out that bullshit, no?


Hurts my head just skimming that bullshit.. and how long does it take to realize that it is bullshit?  perhaps 1-5 seconds if you are a normie bitcoiner, and perhaps 15 to 30 seconds if you are a wee bit slow.. but still the dumbness of it should sink into your noggen that the thing that you had been pondering over is stupid bullshit before you had ended up copying and pasting the link and write up your post to ask guys (and gal) in this thread (who have more important matters to focus their limited time and energies, such as is war foggy or not?) to suffer through that.

not sure how you were calm...just re-read that post of yours that I partially quoted, omitting those parts.
...and there was nothing condescending in my reply...sometimes peeps just need to take it down a notch.
I am glad that you are over it, though.

I also think that they 'rolled the dice' to a degree, no question about that, so we are in agreement there, but as i said, our population was in a panic back then and the precious 'markets' were in a free-fall with some predicting an economic depression.

They also rolled the dice on the MMT theory, which turned out a bunch of hogwash, as pretty much everyone on this thread expected.
Alas, there is some sliver of normality of how economy responded to the increased cash outlay during relative goods scarcity.

However, if you tell me that it was all a conspiracy, then this is a road that you have to travel by yourself.
My rule is to not expect a conspiracy when it could be explained by rushing 'something' and/or incompetency.

You read my tone wrong.  I might have read yours wrong as well.   For that I apologize. "Calm down" is a condescending command in my vernacular.  To be said to someone who is upset beyond self control or hysterical.  Neither of which I am.  But perhaps it means something different to you.  Like I said, tone on the internet is hard.

I am not hysterical or upset beyond my ability to control.  

You better calm the fuck down cAPSLOCK..

You seem to be needing something close to the treatment similar to that lady on the airplane in the below clip.


https://www.youtube.com/watch?v=FNkpIDBtC2c

TLDR... calm down cAPSLOCK.  Calm the fuck down!!!!!!


@Biodom: you seem to be fine.  It seems to be cAPSLOCK who has the issue this time around. 


Calm down cAPSLOCK.   

[AnotherAlt]

https://bitcointalk.org/index.php?topic=5399793.0

Is it Bullshit? If it's true, Do you believe Bitcoiners will fall for Non-Fuckible-Things?

why are you giving us links to stupid shit?

Are you trying to control what I would write or not? I don't think I have violated any rules. Healthy criticism is allowed. But, Questions like why are you giving us links to stupid shit are not expected from a wall observer like you. I am referring you there to show you that there are a few dumb people who exist. But, Seems you are not better than them.

[Gachapin]

Christine Largarde say crypto is worth nothing:

https://www.cnbc.com/2022/05/23/ecb-chief-christine-lagarde-crypto-is-worth-nothing.html

......clueless woman.


To be precise, it is not up to her, if it is "worth" something or not, not BTC , nor any other cryptocurrency (or ANY asset for that matter)


We have this mechanism for that, its called a market, the market tells us the "price" of any given asset at any given time, people may not agree, but it is the best mechanism we have come up with, and it works much better than any one random person deciding that they know the of "price" of something... its why we bother having "markets" in the first place..... otherwise it would just be silly AF.


People can test this theory, by, swapping one asset with a price, for another.


Silly Lagarde.

Legarde shows the typical socialist thinking of someone who is in favor of state-directed, centrally planned economy.

[ChartBuddy]

Explanation

[BitcoinBunny]

Great we have a dinosaur in charge of our centralised bank.

If this guy would to ever leave the job perhaps they can dig up some T Rex bones and use that as a replacement.

Bank of England chief Andrew Bailey warns on cryptocurrencies after market plunge saying they have 'no intrinsic value'
https://www.dailymail.co.uk/news/article-10845107/BoE-chief-Andrew-Bailey-issues-stark-warning-cryptocurrencies.html

[empowering]

Great we have a dinosaur in charge of our centralised bank.

If this guy would to ever leave the job perhaps they can dig up some T Rex bones and use that as a replacement.

Bank of England chief Andrew Bailey warns on cryptocurrencies after market plunge saying they have 'no intrinsic value'
https://www.dailymail.co.uk/news/article-10845107/BoE-chief-Andrew-Bailey-issues-stark-warning-cryptocurrencies.html

What a pleb.


Has he looked at the rest of the markets?


What does he feel about the value of fiat currencies after him and all of his cohorts in pleb have inflated the fiats by 80% over a few years.


....and of course the daily mail and all of the rest of the dying media give asshats like him a platform to spew their bullshit.


Cannot wait for these assholes to retire/die

[danadc]

A point of view where they show a possible price range of BTC, is it likely to happen?

For instance, Bitcoin has defined a clear support floor at $28,870 and a stiff resistance barrier at $30,750. A decisive four-hour candlestick close outside of this range will determine where BTC will go next. The formation of a symmetrical triangle suggests that upon the break of the stagnation period, prices will move by 17.70%.

Under such circumstances, a breach of the $30,750 resistance level might result in an upswing to $35,300, while dipping below the $28,870 could see Bitcoin take a nosedive to $24,400.

Source: https://cryptobriefing.com/bitcoin-ethereum-poised-for-volatility/?utm_source=feed&utm_medium=rss

This price level is good, although it seems to me that it will not reach $ 24K for now, I think that because of what Muhcos speak they expect a small bullish rally, I hope that things between USA and China do not transcend with the problem of invading Taiwan , this may affect the market.

[jojo69]

Tomorrow the Wright v McCormack trial starts, and it's important that people (especially journalists) have an understanding of the background of this case, because sometimes fact is stranger than fiction.

[Paashaas]

Japan's second largest bank to launch institutional Bitcoin, crypto custodial services.

Sumitomo Mitsui Trust, Japan's second largest bank, is creating a new company called Japan Digital Asset Trust to offer custodial services for bitcoin and other cryptocurrencies for institutional clients, according to a report by Nikkei Asia.

The new company will hold assets like bitcoin and other cryptocurrencies for large investors and corporations because the company reportedly believes investors will feel more comfortable if the custody of those assets can be held by trusted financial institutions

Restaurant software giant Lavu enables Bitcoin and crypto payments in more than 65 countries.

Global restaurant software provider Lavu announced on May 19, that they’re now in cooperation with Verifone a global FinTech payment solution provider.

The partnership will offer smooth integration of Lavu’s restaurant software suite with the Verifone FLEX payment options, enabling the companies based in more than 65 countries to offer a unique point of sale (POS) solution with multiple modern payment methods to their customers.