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

[luckygenough56]

given the big red candle i mean volume wise i'm waiting for a big green one but then again, people have more important issues than trading a slow ass not intuitive to use token on the internet rn

[1715243728]

1715243728

[luckygenough56]

well good luck anyways lads have nice holidays

[heslo]

How’s everybody holding up?

Just remember 1BTC = 1BTC. Only an idiot panic sells now, bear markets are opportunities to sow seeds that will grow into life changing profit trees. Now is the time to buy & do nothing. Buy as much as you can afford all the way down. This is what we do, this is how we become rich.

I don’t want to see any bitches panic selling.

I won't say I'm loving it but definitely am numb to the price movement now, guess that's a benefit of going through a few of these markets. It is what it is and we have no control over it but I do intend to do some fierce buying when all the dust settles

[Gachapin]

many bought around the 200WMA, but slowly we get into the price territory where people start to be afraid to buy... that's when smart money loads up and bottoms get formed..

However the market seems so manipulated rn with these forced liquidations that that kind of thinking might be useless

[Wilhelm]

many bought around the 200WMA, but slowly we get into the price territory where people start to be afraid to buy... that's when smart money loads up and bottoms get formed..

However the market seems so manipulated rn with these forced liquidations that that kind of thinking might be useless

+1 shaking out the coins until nobody is selling and then buy the MF all the way up so nobody will be able to get in...

HODL!!! this is the moment you will remember when we go 7 digits 

[somac.]

Some more volume coming through in the mempool now. Maybe some alarms going off and those people shifting coins.

[Gachapin]

many bought around the 200WMA, but slowly we get into the price territory where people start to be afraid to buy... that's when smart money loads up and bottoms get formed..

However the market seems so manipulated rn with these forced liquidations that that kind of thinking might be useless

+1 shaking out the coins until nobody is selling and then buy the MF all the way up so nobody will be able to get in...

HODL!!! this is the moment you will remember when we go 7 digits  

yep

every cycle run-up I tend to forget the pain and bore of the previous bear... but it's back again ...it sucks every time...


I hope we haven't reached the downwards manipulation like the gold market, yet.. ....this whole cycle performance seemed to be really "tamed" (to use "their" shitty vocabulary)


edit:
wow great back to 19k  ....get fucked, market

[serveria.com]

Well, that's one way to decouple. Someone is liquidating big time

Why wait for the weekend though, they should of done it yesterday.

There were huge ask walls hovering above $20k trying to extract the max value, looks like volume at $20k dried up so they decided to push lower, now hovering above $19k looking for buyers. But you are right, timing feels nefarious, Fri night into Sat in US, like long squeezes back in the day, so no one could get fiat into exchanges till Monday.

I guess there are still these various lending companies they wanna liquidate...
 

I think this is the biggest problem. Degens have borrowed on top of borrowing and it's all coming undone now. Not sure how deep we go but just broke into the 18's so still some pain yet it seems

if these liquidations happen, I think we might well go into 11k

That would make ~84% down from ATH. Last cycle we went down ~83%? However, I won't be surprised...  

[serveria.com]

many bought around the 200WMA, but slowly we get into the price territory where people start to be afraid to buy... that's when smart money loads up and bottoms get formed..

However the market seems so manipulated rn with these forced liquidations that that kind of thinking might be useless

In order to dump coins one has to have coins... 

[somac.]

many bought around the 200WMA, but slowly we get into the price territory where people start to be afraid to buy... that's when smart money loads up and bottoms get formed..

However the market seems so manipulated rn with these forced liquidations that that kind of thinking might be useless

In order to dump coins one has to have coins... 

Not if exchanges are creating them out of thing air.

[Gachapin]

Well, that's one way to decouple. Someone is liquidating big time

Why wait for the weekend though, they should of done it yesterday.

There were huge ask walls hovering above $20k trying to extract the max value, looks like volume at $20k dried up so they decided to push lower, now hovering above $19k looking for buyers. But you are right, timing feels nefarious, Fri night into Sat in US, like long squeezes back in the day, so no one could get fiat into exchanges till Monday.

I guess there are still these various lending companies they wanna liquidate...
 

I think this is the biggest problem. Degens have borrowed on top of borrowing and it's all coming undone now. Not sure how deep we go but just broke into the 18's so still some pain yet it seems

if these liquidations happen, I think we might well go into 11k

That would make ~84% down from ATH. Last cycle we went down ~83%? However, I won't be surprised...  

Yeah it's quite low, indeed. I just don't know the impact these liquidations will have.

Chart-wise we had an appr. 50% drop from 69k to 34k, another one from 48k to 25k and this last one came down from 32k so maybe we will stop at 16k-17k..

[Wilhelm]

Another company going down

https://www.coindesk.com/business/2022/06/17/babel-finance-suspends-withdrawals-citing-unusual-liquidity-pressures/

[somac.]

Another company going down

https://www.coindesk.com/business/2022/06/17/babel-finance-suspends-withdrawals-citing-unusual-liquidity-pressures/

Yeah think that happend a day or 2 ago. They're all coming out of the woodwork now.

[death_wish]

Buyers nowhere to be seen it seems. 18k - 15k on the menu.

Not that I would ever accuse you of having a crystal ball, but... how fast do you think it can go to, say, $17,100?

Asking you because you seem to have canny instincts; and you are pro-Bitcoin, but realistic—not a Hopium addict.  I am perfectly well aware that there is no way you can predict it... just looking to compare hunches.


For future historical readers:  We dropped in one shot from $20k to $19k, in such a neat $1000 increment; and now, we are suddenly struggling to hold $19k.

Asking for a friend who seems to have very limited time to come up with some dollars...

[ChartBuddy]

Explanation

[Gachapin]

again... seeing the same increments sold on stamp for days now


0.81104 BTC since 1-2 days

As long as they appear, I think the deep pockets aren't done selling yet...

[Wilhelm]

Another company going down

https://www.coindesk.com/business/2022/06/17/babel-finance-suspends-withdrawals-citing-unusual-liquidity-pressures/

Yeah think that happend a day or 2 ago. They're all coming out of the woodwork now.

I think Bitcoin is teaching them that there is nobody to bail you out if you go down.
In the normal banking world a liquidity of 10% is enough. In Bitcoin country you need 100% backing.

[somac.]

Buyers nowhere to be seen it seems. 18k - 15k on the menu.

Not that I would ever accuse you of having a crystal ball, but... how fast do you think it can go to, say, $17,100?

Asking you because you seem to have canny instincts; and you are pro-Bitcoin, but realistic—not a Hopium addict.  I am perfectly well aware that there is no way you can predict it... just looking to compare hunches.


For future historical readers:  We dropped in one shot from $20k to $19k, in such a neat $1000 increment; and now, we are suddenly struggling to hold $19k.

Asking for a friend who seems to have very limited time to come up with some dollars...

I wish I could give you an answer.

All I can say is that I think we will only go up again when either the Fed pivots or the price gets lower enough that us hodlers have enough buying power using the incomes that we gerate from our labor. The halfing in 2 years time will help with the latter.

We either need cheap debt, or enough cash.

[Gachapin]

Another company going down

https://www.coindesk.com/business/2022/06/17/babel-finance-suspends-withdrawals-citing-unusual-liquidity-pressures/

Yeah think that happend a day or 2 ago. They're all coming out of the woodwork now.

I think Bitcoin is teaching them that there is nobody to bail you out if you go down.
In the normal banking world a liquidity of 10% is enough. In Bitcoin country you need 100% backing.

It's a good thing that these firms are getting washed out.

[somac.]

Another company going down

https://www.coindesk.com/business/2022/06/17/babel-finance-suspends-withdrawals-citing-unusual-liquidity-pressures/

Yeah think that happend a day or 2 ago. They're all coming out of the woodwork now.

I think Bitcoin is teaching them that there is nobody to bail you out if you go down.
In the normal banking world a liquidity of 10% is enough. In Bitcoin country you need 100% backing.

Wish they knew that from the start.