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

[PokestarFan]

Doesn't help at all in the current environment.

https://i.imgur.com/MzK8SVs.png
https://twitter.com/BTC_Archive/status/1537044328639520770

Lol I'm not even a bitcoin fan but Russia's ban doesn't matter since like 15 people in Russia have enough money for crypto

[1715206428]

1715206428

[1715206428]

1715206428

[ChartBuddy]

Explanation

[Paashaas]

Brrrrrrrrrrrrrrrr.


https://twitter.com/10DowningStreet/status/1537023379949199362

[Wilhelm]

Doesn't help at all in the current environment.


https://twitter.com/BTC_Archive/status/1537044328639520770

Lol I'm not even a bitcoin fan but Russia's ban doesn't matter since like 15 people in Russia have enough money for crypto

And those 15 are sanctioned to infinity 

[Gachapin]

the tide will turn eventually...  all the brrrr money has to go somewhere...  keeping cash is no option long-term

call me delusional but I wouldn't be surprised, if we saw 100k within a year.. the road for that possibility is just getting cleared from all the obstacles aka lending scams and weak hands

edit: ok, let's say 2 years  

[death_wish]

Doesn't help at all in the current environment.


https://twitter.com/BTC_Archive/status/1537044328639520770

This is SUPER interesting!  And surprises me.  Huh.

Russia is new to this game, but previous players would suddenly reverse these sorts of declarations...

You know... maybe it is just my perma-bull insanity, but I am wondering if there are not some very powerful folks realizing they have to make some bold moves to get a position in the size they would want...

Hasn't Russia announced and flip flopped several things re BTC and crypto before?

A general observation, without wishing to take anyone’s side here:

People in Western democratic countries, especially the United States, tend to view others with the subjective assumption that others think like they do.

In the opposite direction, it is not so:  The others tend to be very well understand that people in Western democratic countries think very differently than themselves.  This leads to a greater objectivity—from self-interest, if nothing else; it is self-defeating to misunderstand the rest of the world.

This applies in different ways to Russia, to China, to Arab and Muslim states—to any society that has a radically different worldview than that which is prevalent and pervasive in Western democratic countries.  Naturally, given that such societies are also radically different from each other, the same applies as between them.

It is a different level of the problem that Americans don’t “get” Europe (much as they think they do), while Europeans tend better to understand Americans.

I doubt that many people here could understand on any deep level how the Russian government perceives money, what their motives and priorities are with respect to monetary systems, how they may analyze these problems and try to implement solutions—what makes them tick.  I know I don’t.  I do expect that their approach to such matters will probably be very different than how Yellen, Wall Street, et al. would approach the same matters from the same position; and I am unsurprised if the external view of their decisions looks surprising.

[somac.]

the tide will turn eventually...  all the brrrr money has to go somewhere...  keeping cash is no option long-term

call me delusional but I wouldn't be surprised, if we saw 100k within a year.. the road for that possibility is just getting cleared from all the obstacles aka lending (=shorting) scams and weak hands

edit: ok, let's say 2 years 

Not delusional. If the Fed reverses this is a possible outcome.

[empowering]

Doesn't help at all in the current environment.


https://twitter.com/BTC_Archive/status/1537044328639520770

Lol I'm not even a bitcoin fan but Russia's ban doesn't matter since like 15 people in Russia have enough money for crypto

[Wilhelm]

the tide will turn eventually...  all the brrrr money has to go somewhere...  keeping cash is no option long-term

call me delusional but I wouldn't be surprised, if we saw 100k within a year.. the road for that possibility is just getting cleared from all the obstacles aka lending (=shorting) scams and weak hands

edit: ok, let's say 2 years 

Not delusional. If the Fed reverses this is a possible outcome.

Yup looking at the log curve channel 340k in 2025 could be the next ATH.

[jojo69]

steady...............

[a1 Hashrate LLC2022]

purchased a piece of btc today.

my btc holdings are now 1.9x larger than they were on Sunday

I have more cash for the drops to come.

Still guessing 15-17k = bottom

[death_wish]

all the brrrr money has to go somewhere...

If Germany doesn’t get some sufficient and available source of energy by winter, they can do with Euros like they did with Marks in the Weimar Republic.  Americans can ship in dollars, and Brits can contribute their pounds.  It is a humanitarian effort.

brrrr = an onomatopoeic representation of sounds emitted by people who are are cold.

brrrr = a reliable, renewable source of home heating fuel.

Can it be mere happenstance?  A coincidence?

[proudhon]

the tide will turn eventually...  all the brrrr money has to go somewhere...  keeping cash is no option long-term

call me delusional but I wouldn't be surprised, if we saw 100k within a year.. the road for that possibility is just getting cleared from all the obstacles aka lending (=shorting) scams and weak hands

edit: ok, let's say 2 years 

Not delusional. If the Fed reverses this is a possible outcome.

It is not a possible outcome for a year or even 2 years. Possibly in 10, but then a new Toyota Corolla will start at $100,000.

[dragonvslinux]

Two Upcoming Scenarios -

1. If Weekly Candle closes below 200 MA, we are going towards 300 MA i.e. 16k.
2. If Weekly Candle closes above 200 MA, we are going towards 30k.

Let's see how this goes on from here. Fed hiking up bps to 75 will cause some huge movements either up or down.

While I find the 300WMA a useful comparison to a covid-like crash, technically your analysis is somewhat flawed (point 1). In March 2020 price came close to the 300WMA, before closing just below the 200WMA. Price then re-tested in between the two levels the following week. So by comparison, price could reach $16.6K over the weekend, before closing above $20K. Or simply wick down to $16K level next week even.

I wouldn't be ruling out another wick below the 200WMA next week though, even with the Weekly RSI now most oversold since 2011, as the RSI won't necessarily close at such oversold levels. In fact, I think it's unlikely and by Sunday (or on Sunday) buyers will step in for the trade of the decade. Either way, I think a snap back to at least $25K is imminent, even $30K, whether this weekend or next week.

A few boring months of consolidation between $25K and $30K is quite likely now that $30K has been established as a distribution zone (as opposed to neutral accumulation/distribution zone), with bears still believing price will drop to $14K. Similar to early 2019 with bears waiting on $2K and $1K that never came, before price returned to $5K and the dead cat bounce led by short liquidations led to $14K.

[fillippone]

the tide will turn eventually...  all the brrrr money has to go somewhere...  keeping cash is no option long-term

call me delusional but I wouldn't be surprised, if we saw 100k within a year.. the road for that possibility is just getting cleared from all the obstacles aka lending (=shorting) scams and weak hands

edit: ok, let's say 2 years 

Not delusional. If the Fed reverses this is a possible outcome.

It is not a possible outcome for a year or even 2 years. Possibly in 10, but then a new Toyota Corolla will start at $100,000.

Oh, here you are!
Don’t forget we have a bet in place!
Every down movement, I am thinking of you.
Can’t wait putting a positive trust feedback on you when it happens!

[death_wish]

the tide will turn eventually...  all the brrrr money has to go somewhere...  keeping cash is no option long-term

call me delusional but I wouldn't be surprised, if we saw 100k within a year.. the road for that possibility is just getting cleared from all the obstacles aka lending (=shorting) scams and weak hands

edit: ok, let's say 2 years 

Not delusional. If the Fed reverses this is a possible outcome.

It is not a possible outcome for a year or even 2 years. Possibly in 10, but then a new Toyota Corolla will start at $100,000.

Quit copying your betters.  There was some discussion here a few years ago, along the lines of what happens if BTC reaches $1 million but a loaf of bread costs $100 or $1,000 or more due to hyperinflation.  By non-bears llamas alpacas whatever.

[Lucius]

Brrrrrrrrrrrrrrrr.


https://twitter.com/10DowningStreet/status/1537023379949199362

https://www.dw.com/en/austria-introduces-massive-aid-package-in-fight-against-inflation/a-62124260

https://brrr.money/

[ChartBuddy]

Explanation

[BitcoinBunny]

Brrrrrrrrrrrrrrrr.


https://twitter.com/10DowningStreet/status/1537023379949199362

This really pisses me off. They asked our chancellor of the Exchequer if this would make any difference to inflation and he said it should only have a small effect.

So might as well throw some more fuel on the fire I guess.

 

[somac.]

Brrrrrrrrrrrrrrrr.


https://twitter.com/10DowningStreet/status/1537023379949199362

This really pisses me off. They asked our chancellor of the Exchequer if this would make any difference to inflation and he said he should only have a small effect.

So might as well throw some more fuel on the fire I guess.

 

Soon the conversation will go to we need double digit inflation because we can't normalise with debt levels being this high. And its true, hence the BOJ and the ECB just a few hours ago. The Fed is to follow soon.

Debt needs to be reduced, it can be done through inflation or deflation (debt write offs), very soon we will find out that deflation is not the preferred way for societial stability.