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

[Hueristic]

In 6 months we will hear about Morgen Stanley and Goldmann Ballsacks hoovering up all these cheap coins as they push their own ETF's.

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[cAPSLOCK]

would love to see what is happening OTC atm

I imagine they are pretty busy.

[cAPSLOCK]

I know I am all in and called BTC Bottom is in at $22k but there is another scenario in the market that can execute too. I just want to share it with everyone.

- Price takes 200 WMA Support
- Retests Resistance which was earlier support at 31k
- Falls back to long term support trendline
- Breaks Resistance Trendline for New ATH

Good job on both charts... The thing that makes this one have extra merit, in my opinion, is the rest of the market environment.  If stonks keep going down Bitcoin has to show some serious strength just holding THIS line...  and it MIGHT because I bet there is a lot of buying going on right now.

I would rather you be right the first time... but I would also rather we never went this low in the first place.

[Torque]

BREAKING: Nearly $103 Million worth of MicroStrategy's Bitcoin has been liquidated amid massive $BTC sell-off below $21,000 support.

No it hasn't, troll.

Another /ignore

[cAPSLOCK]

BREAKING: Nearly $103 Million worth of MicroStrategy's Bitcoin has been liquidated amid massive $BTC sell-off below $21,000 support.

Interesting this FUD shows up, isn't it?  Just a troll I guess?

[Bitcoinking99]

BREAKING - Jack Dorsey’s TBD business unit to build Bitcoin Lightning Network infrastructure.

Source: https://twitter.com/BitcoinMagazine/status/1536732038341984258

[HI-TEC99]

Near the top of bull markets, the MSM and the "expert analysts" will all give you 1000+ reasons why the markets are going much higher. The uber bullishness hopium is off the charts.

One of the great things that modern media has done is show that "experts" presented to you through mass media are often very little different from some dude who just turned on their webcam and started talking on YouTube. And in some cases, vastly less qualified.

Not always. Look at all this guy's qualifications. He's an EXPERT.



https://en.wikipedia.org/wiki/Mark_T._Williams

Bachelor of Science Degree in Business Administration

Master of Business Administration

Master Lecturer at Boston University

Member of the Standard & Poor’s Academic Council

Senior advisor at the Brattle Group

On the advisory board of Appleton Partners

On the Board of Trustees for Lesley University

Frequent guest contributor for the Financial Times, Reuters, Forbes.com, and Business Insider.

He has also written articles for Bloomberg, the Boston Globe, Foreign Policy magazine and The New York Times.

[modrobert]

I would say, bottom is in.

- Price touching 200 WMA.
- RSI Below 40.
- Hash Ribbon gave Capitulation signal
- Bitcoin Rainbow Chart says "Basically on Fire Scale!"

Why just 66% down and not 70-80% like previous cycles?
Because of COVID 2020 crash, BTC was not able to reach it's potential ATH.




P.S.: I am all-in.

Normally I would want to see a retest of "rock" bottom (@ ~20k), just to be convinced. However, now we have the fed tomorrow (Wednesday)...

LONDON (Reuters) - Investors have dramatically upped their bets that the U.S. Federal Reserve will raise interest rates by 75 basis points (bps) rather than 50 bps on Wednesday, a swing in expectations which has fuelled a violent selloff across world markets.

Source: https://news.yahoo.com/markets-grow-unanimous-aggressive-fed-113135678.html

I think Bitcoin might take off upwards after that, regardless of the outcome/result.

[BobLawblaw]

I'm pretty sick and tired of listening to so called experts about anything these days.

<we're_the_experts_now.gif>

EDIT: Decided to "go greedy" with my LN node for a while. Default fees set to 100/1000 with higher base fees for the other major routers I'm connected to. Running LNDg really makes management of fees so much nicer since I activated it; automagically adjusting fees up-and-down as needed.

[psycodad]

In these dire times it is nice to hear some good news from time to time:

Seth Green bought back his NFT Ape for around $297,000 in cryptocurrency after it was stolen in a phishing scam.

After all, additional ~$300k to get back a token on a wannabee blockchain where the hash of the URL of that specific picture is stored seems like a great discount for idiots with too much money on their hands.

[JayJuanGee]

anyone gonna start another $24,777 game?

everyone broke now

Even the Dude?

I thought that the Dude had never-ending reserves..

kind of like a federal bank (sugar daddy).

I'm calling it. Experiments over.

i long ago said i would ride this pig into the ground if need be.

swan dive initiated. cuz theres nothing left but style baby.

It's going to suck.. life used to be good with $1k bitcoin, and then $5k, and then $30k and then $50k-ish..

I mean much better than $250 to $500 in 2015..

And now we are going back to 2015?  or even prior to that?

Some of us are not going to like it.

Some of us kind of got used to having the extra lil side-cushion.

I think some of us got spoiled.


Soft.


Assuming that the 200-week moving average would largely hold (currently $22.3k0-ish), for example... sure a few spikes below the 200-week moving average is well to be expected.. but going lower than that in any kind of meaningful and substantial way?.. even like the 300-week moving average (around $16k currently) or even lower than that, might cause many of us to change some of our presumptions about our lil precious, but at the same time, it would be difficult to really stop buying BTC along the way and having faith that there is going to be a BTC recovery at some point. because nothing is really broken in BTC, and even if there are fractional reserve manipulators.. they are likely going to have their own reckoning with bitcoin being an asset that can be easily called into custody.. and even self-custodied without too many costs.

[serveria.com]

BREAKING: Nearly $103 Million worth of MicroStrategy's Bitcoin has been liquidated amid massive $BTC sell-off below $21,000 support.

GTFO!   

[JimboToronto]

Look at all this guy's qualifications. He's an EXPERT.



https://en.wikipedia.org/wiki/Mark_T._Williams

Yep. The guy who coined the word "Bitcorn".

$10 per "share" indeed. 

[savetherainforest]

I know I am all in and called BTC Bottom is in at $22k but there is another scenario in the market that can execute too. I just want to share it with everyone.

- Price takes 200 WMA Support
- Retests Resistance which was earlier support at 31k
- Falls back to long term support trendline
- Breaks Resistance Trendline for New ATH

That is exactly what I was talking about !!.. If we get a good dumping now, then it won't drag out to August < > October with the nonsense. 

[ChartBuddy]

Explanation

[Wilhelm]

I'm pretty sick and tired of listening to so called experts about anything these days.

<we're_the_experts_now.gif>

Indeed anyone who has held any amount of Bitcoin for more than 4 years has had a better ROI percentage than probably 99%  of all professional investors...

[JayJuanGee]

* death_wish strokes Bitcoin’s hair gently, gently, whilst speaking in soothing tones.

Don’t worry, Bitcoin.  We still love you.  We will always love you.  Please don’t be so sad.

I want my bitcoins back.  To have and to hold.  Forever.

Can you just stfu now? Spammed the whole thread with your stupid posts about you getting fucked for using leverages and not going the safe route with just holding BTC when you don't know shit about Trading? I am done with you and your shit.

So irritating.

hahahaha.. perhaps found someone who knows even less about trading than you, ImThour.. even though, you are surely famous in recent times... even going to be getting a statue in the near future (aka soon-ish^tm). I heard.. but you have to share such statue with Raja_MBZ.. since we (are you with me guys and gal?) are having some wee itty bitty of budgetary issues in recent times, if you had not heard about some of that?

 

** D_W is not going to be getting any statue.. that's for sure, unless it is somehow coupled with the mindrust statue in some kind of way.. where is that mindrust statue, by the way?

A thought occured: M. Saylor is a giant death_wish...sorry, pal.
wtf did he (M.S) got so much on margin?
Should have just bought in cash+ a little (or none) on margin.
Now, obviously WS 'wants' to liquidate his position as they always do with all margins.

There must be a player or players behind this and it all point to one in particular...
..Who was the person who said that bitcoin cannot do transactions recently?
Where did celsius funds go?
Make your own conclusions.

That's why BTC needs no leader. Saylor getting margin called would not help BTC

It's a fantasy anyhow.

Saylor also represented that they have enough BTC to cover their position with collateral down to mid-$3ks.. and even if the price went down to $3ks, they have other resources and options, besides their BTC in order to make sure that they do not get liquidated out of the BTC that they have for that one loan.

Sure, if BTC were to go down into the $3ks.. there surely would be a lot of folks hurting.. and that seems like a fantasy in itself.. I am having difficulties imagining the BTC price hovering in the $15k to $20k range in any kind of meaningful way.. more than a week or two at most.. and yeah, sure we can get surprised, but surely even the hovering in the $15k-$20k range does not seem like any kind of scenario that has chances greater than 15%-ish.. at best.

[bitcoinPsycho]

BREAKING: Nearly $103 Million worth of MicroStrategy's Bitcoin has been liquidated amid massive $BTC sell-off below $21,000 support.

No it hasn't, troll.

Another /ignore

Stop engaging the trolls

Um?

[Gachapin]

MicroStrategy has a $205m loan subject to margin call.

They also have BILLIONS in unused #Bitcoin collateral to satisfy the margin call. 

Relax, they’re not getting liquidated. 

https://twitter.com/BTC_Archive/status/1536698189067309057?cxt=HHwWgsC-5Y63udMqAAAA

[bitebits]

"Bitcoin spends the majority of the time being dead"


https://twitter.com/LynAldenContact/status/1536728765925101569