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

[348Judah]

Explanation

The bitcoin price is giving more Indication for preparedness to rising but some little more patience is needed to get to that, the week is likely to be ending within the $21.6k for bitcoin as there's high tendencies to maintain this range althrough the weekend starting from tomorrow Friday, nextweek is another opportunity to set in for new priority for a continuous bull, gradually we are moving till it becomes irresistible.

[JayJuanGee]

------$21,000------

21k didn't even last 1 minute ...

I would say it's definitely teasing to sell as soon as we reach 21k... who could refuse fiat at such a great price

 Boom!

 There it goes

 rockets_trains_fireworks.gif

You are going to have to get to work on a new image.

The old image has become invalidated... sorry to say..    ded like a duck.

Le's see 22k 

It's never enough for some of you people.




hahahaha

got an email from GOX....


"The Rehabilitation Trustee is currently preparing to make repayments (“Repayments”) in accordance with the approved rehabilitation plan of which confirmation order of the Tokyo District Court was made final and binding on November 16, 2021."


I hope this won't tank the market again. But maybe tptb are speculating on exactly that...  



https://www.mtgox.com/img/pdf/20220706_announcement_en.pdf

Yes, I also got that e-mail today.

Considering how slow this process has been, I doubt we'll see any repayment this year.

What a negative Nancy.


#justsaying

Explanation

The bitcoin price is giving more Indication for preparedness to rising but some little more patience is needed to get to that, the week is likely to be ending within the $21.6k for bitcoin as there's high tendencies to maintain this range althrough the weekend starting from tomorrow Friday, nextweek is another opportunity to set in for new priority for a continuous bull, gradually we are moving till it becomes irresistible.

Just for ease of reference, it seems that we tend to like to refer to weeks in terms of the weekly candles that end on Sunday (midnight UTC), but sure there can also be differences between week days and weekends in terms of how much volume is traded or expected to be traded.

I would not mind seeing that $20k daily candle (I know that way back in BTC history - more than 6 months ago seems ancient - were talking about the possibility of $10k daily green candles, but I had already stated that personally, I would prefer to skip $10k and just go straight to $20k).

[xhomerx10]

------$21,000------

21k didn't even last 1 minute ...

I would say it's definitely teasing to sell as soon as we reach 21k... who could refuse fiat at such a great price

 Boom!

 There it goes

 rockets_trains_fireworks.gif

You are going to have to get to work on a new image.

The old image has become invalidated... sorry to say..    ded like a duck.

 I was thinking ahead with this one.  Rather than fix the price in the image, I merely placed some text above it with bbcode so I can ride this particular graphic to infinity and beyond
------ #DIV/0!------


 Dammit!!!

[OgNasty]

With Celsius having paid off their debt and FTX saying they have billions of dollars to backstop the crypto industry, you might say this liquidity crunch is on the way to being behind us.  The market is celebrating this news.  Another development in the market is that mtgox sent out another update about funds being distributed to owners.  While no date has been set, it is clear progress is being made towards distribution.  ETH2 also completed another merge test yesterday, signaling those locked funds may be released by the end of the year.  You can see the stage is set for the next major rally.  We just have to wait for the pieces to fall into place.  I'd urge caution until mtgox and eth2 are in the rearview, but then I'd say you'll want to be one of the first through the door (if you're a market timer, always buy if you're a sat stacker).  

[ChartBuddy]

Explanation

[Gachapin]

got an email from GOX....


"The Rehabilitation Trustee is currently preparing to make repayments (“Repayments”) in accordance with the approved rehabilitation plan of which confirmation order of the Tokyo District Court was made final and binding on November 16, 2021."


I hope this won't tank the market again. But maybe tptb are speculating on exactly that...  



https://www.mtgox.com/img/pdf/20220706_announcement_en.pdf

Yes, I also got that e-mail today.

Considering how slow this process has been, I doubt we'll see any repayment this year.

We'll see.  It might be this year though...


Nothing for me anyway:
 ...when I appealed, I asked for all the forks (apart from BCH) that were issued till then. It got denied all together 

Further proceeding only via attorney they said...  So I shot myself in the foot by asking for too many shitcoin forks.  Yes.. greed... plus I didn't want to leave anything to these fuckers...

Contacted a Japanese attorney but we concluded it wouldn't be worth the hassle... (was a friend of a friend, so he was honest with me)

[Gachapin]

With Celsius having paid off their debt and FTX saying they have billions of dollars to backstop the crypto industry, you might say this liquidity crunch is on the way to being behind us.  The market is celebrating this news.  Another development in the market is that mtgox sent out another update about funds being distributed to owners.  While no date has been set, it is clear progress is being made towards distribution.  ETH2 also completed another merge test yesterday, signaling those locked funds may be released by the end of the year.  You can see the stage is set for the next major rally.  We just have to wait for the pieces to fall into place.  I'd urge caution until mtgox and eth2 are in the rearview, but then I'd say you'll want to be one of the first through the door (if you're a market timer, always buy if you're a sat stacker).  

I think that's good advise with regard to the market timing!

[fr4nkthetank]

With Celsius having paid off their debt and FTX saying they have billions of dollars to backstop the crypto industry, you might say this liquidity crunch is on the way to being behind us.    

"If people will keep their money in the banks, everything will be all right"
-JP Morgan

But will they...

[xhomerx10]

Is preev.com really gone?  How am I going to check bitcoin value every 5 seconds now?! 

[Biodom]

With Celsius having paid off their debt and FTX saying they have billions of dollars to backstop the crypto industry, you might say this liquidity crunch is on the way to being behind us.    

"If people will keep their money in the banks, everything will be all right"
-JP Morgan

But will they...

sure, a $1 mil question.
People would keep in "regular" banks (unless we would be in worse than 2008 situation), but not in "crypto" banks, imho.
That ship has sailed for many years, unless they get bank charter with FDIC insurance, but even then, it would be difficult to retain depositors.
Minus 5%-8% due to 'no interest' surely beats minus 100%.

[Hamich124D]

With Celsius having paid off their debt and FTX saying they have billions of dollars to backstop the crypto industry, you might say this liquidity crunch is on the way to being behind us.  The market is celebrating this news.  Another development in the market is that mtgox sent out another update about funds being distributed to owners.  While no date has been set, it is clear progress is being made towards distribution.  ETH2 also completed another merge test yesterday, signaling those locked funds may be released by the end of the year.  You can see the stage is set for the next major rally.  We just have to wait for the pieces to fall into place.  I'd urge caution until mtgox and eth2 are in the rearview, but then I'd say you'll want to be one of the first through the door (if you're a market timer, always buy if you're a sat stacker).  

I won't be too optimistic if i was in your case, I mean july 28th is right around the corner when the bureau of economic analysis  will release their "Advance Estimate"  of the 2nd quarter of 2022 and it will most likely show that we are oficially in a recession, Which is... you know not good especially for BTC

So i would probably want to hold off and wait for this storm to pass before dumping my life savings on bitcoin.

[Biodom]

With Celsius having paid off their debt and FTX saying they have billions of dollars to backstop the crypto industry, you might say this liquidity crunch is on the way to being behind us.  The market is celebrating this news.  Another development in the market is that mtgox sent out another update about funds being distributed to owners.  While no date has been set, it is clear progress is being made towards distribution.  ETH2 also completed another merge test yesterday, signaling those locked funds may be released by the end of the year.  You can see the stage is set for the next major rally.  We just have to wait for the pieces to fall into place.  I'd urge caution until mtgox and eth2 are in the rearview, but then I'd say you'll want to be one of the first through the door (if you're a market timer, always buy if you're a sat stacker).  

I won't be too optimistic if i was in your case, I mean july 28th is right around the corner when the bureau of economic analysis  will release their "Advance Estimate"  of the 2nd quarter of 2022 and it will most likely show that we are oficially in a recession, Which is... you know not good especially for BTC

So i would probably want to hold off and wait for this storm to pass before dumping my life savings on bitcoin.

markets were already declining before there was a whiff of a recession.
similarly, market starts to rise at least 6mo before the end of each recession.
look at the Nasdaq...risk stonks are rising the fastest rn.

[JayJuanGee]

How am I going to check bitcoin value every 5 seconds now?! 

Whoaza!!!!!!

I did not know that there was a place in which BTC value could be checked.

I have heard from a friend through an e-mail/private courier that BTC value and price do not always match though, but I had not known if there were a website for that.

With Celsius having paid off their debt and FTX saying they have billions of dollars to backstop the crypto industry, you might say this liquidity crunch is on the way to being behind us.  The market is celebrating this news.  Another development in the market is that mtgox sent out another update about funds being distributed to owners.  While no date has been set, it is clear progress is being made towards distribution.  ETH2 also completed another merge test yesterday, signaling those locked funds may be released by the end of the year.  You can see the stage is set for the next major rally.  We just have to wait for the pieces to fall into place.  I'd urge caution until mtgox and eth2 are in the rearview, but then I'd say you'll want to be one of the first through the door (if you're a market timer, always buy if you're a sat stacker).  

I won't be too optimistic if i was in your case, I mean july 28th is right around the corner when the bureau of economic analysis  will release their "Advance Estimate"  of the 2nd quarter of 2022 and it will most likely show that we are oficially in a recession, Which is... you know not good especially for BTC

So i would probably want to hold off and wait for this storm to pass before dumping my life savings on bitcoin.

Oh?

I did not realize that you were such a bear Hamich124D.  Hopefully you realize where we are at in terms of the 200-week moving average and also other BTC price dynamic understandings whether considering 1) stock to flow, 2) four year fractal and/or 3) exponential s-curve adoption based on Metcalfe principles and networking effects, and you are not sufficiently/adequately failing/refusing to pee pare ur lil selfie for UP in case your lil correlation theory does not play out exactly (or even close) to how you seem to be expecting.

[ChartBuddy]

Explanation

[Torque]

OT: Ok, so I've seen on multiple financial channels now where financial analysts have repeated that "Stocks will begin to rise when a full-blown recession is confirmed."

What a fucked up world we live in now when that statement is supposed to make any sense.  

[Hamich124D]

Oh?

I did not realize that you were such a bear Hamich124D.  Hopefully you realize where we are at in terms of the 200-week moving average and also other BTC price dynamic understandings whether considering 1) stock to flow, 2) four year fractal and/or 3) exponential s-curve adoption based on Metcalfe principles and networking effects, and you are not sufficiently/adequately failing/refusing to pee pare ur lil selfie for UP in case your lil correlation theory does not play out exactly (or even close) to how you seem to be expecting.

Nah mate i'am bullish and currently holding bitcoin myself, I just shared that because i thought WO would be interested to see another "POV".

Any extra info is usefull in my opinion, Even if you may not like it.

[Hueristic]

[ChartBuddy]

Explanation

[heslo]

Sad, true legend of his craft

[ChartBuddy]

Explanation