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

[BitcoinBunny]

Not only do you have to pay double or triple than a year ago but you should also use less!

What millions of households could be told to do to avoid blackouts this winter
https://uk.yahoo.com/finance/news/switch-off-lights-turn-down-200000611.html

How long before the UK - EU (I could just write EU, since it seems we are actually back in that club since the EU now bizarrely has a seat at the G7 table - Brexit in effect is almost undone) will make BTC completely illegal due to its mining electricity usage?
Won't surprise me BTC will be attacked in the winter when the lights do go out due to complete and utter stupidity of our pathetic nincompoop leaders.
"Oh but that one Ukrainian building is still standing, so all the pain was worth it."  

No strippers, no BTC, no gas, no electricity, no control on inflation but somehow the economy will still grow?

Sure it will if there is zero motivation to achieve jack shit.

[ChartBuddy]

Explanation

[Arriemoller]

Hungary warns of shift in world order

The West’s reliance on military aid to Ukraine and sanctions on Russia has failed, Hungary’s PM has said

The Russia-Ukraine conflict could end the West’s dominance and shift the balance of power in the world, Hungarian Prime Minister Viktor Orban has said. Russia launched a military campaign against the neighboring country in late February.

Orban argued that the decision to impose sanctions on Moscow and supply Kiev with heavy weapons de facto turned the EU and NATO member states into participants in the conflict, but ultimately yielded no results.

“Instead, today we are sitting inside a car with flat tires on all four wheels,” Orban said in a speech in the Romanian city of Baile Tusnad on Saturday.

“The world is not only not with us, but it is demonstratively not with us,” the PM added, arguing that, instead of thinking about gaining the upper hand on the battlefield in Ukraine, the West should now focus on achieving peace through negotiations.

Orban also warned that the conflict could easily put an end to Western supremacy and “create a multipolar world order.”

“We must try to persuade the West to develop a new strategy,” the PM said. He later added that the conflict “will end when the Americans and the Russians come to an agreement.”

No, the war will come to an end when Russia leaves Ukraine, and that's not that far away, Ukraine is launchimg an offensive in the south right now and Russia has run out of grenades and artillery barrels, and their logistics have been bombed to pieces by HIMAR:s. The tide is turning right now and by the end of year it will all be over, or close to, for the Russians.

You guys are so desperate right now it's entertaining.

[wagmi]

"Oh but that one Ukrainian building is still standing, so all the pain was worth it."  

Let's hope not, it would mean war criminal Putin has captured whole Ukraine and his war brings him reward. War should never be rewarded.
Luckily, HIMARS has brought Ukraine some important gains.


Meanwhile, Bitcoin has maintened a solid 22.5k. It's important to build up 20k USD as a support and set higher highs.
but of course, nobody knows if we will see prices under 20k again or go straigt above 25k.

HODL. 


Meanwhile, printer goes brrrrr:

[ChartBuddy]

Explanation

[WatChe]

Hungary warns of shift in world order

The West’s reliance on military aid to Ukraine and sanctions on Russia has failed, Hungary’s PM has said.”

EU is suffering from energy crisis due to shortage of gas supply from Russia. Hungary has different point of view on EU boycott of Russian Gas. That's why Hungary Foreign Minister is in Moscow for talks on gas supply.




https://www.google.com/amp/s/www.aljazeera.com/amp/news/2022/7/21/hungary-fm-arrives-in-moscow-for-talks-over-ensuring-gas-supplies

[Wilhelm]

Looking back at any period the easiest way to get rich was to just go and buy Bitcoin. This still holds true...

You must be new here...

Back in the day you could make 10000BTC by selling a pizza. Why watch ads for hours...
In 20 years the current 20k will easily be >1M.

So explain to me why it's not true  

[Wilhelm]

Hungary warns of shift in world order

The West’s reliance on military aid to Ukraine and sanctions on Russia has failed, Hungary’s PM has said.”

EU is suffering from energy crisis due to shortage of gas supply from Russia. Hungary has different point of view on EU boycott of Russian Gas. That's why Hungary Foreign Minister is in Moscow for talks on gas supply.




https://www.google.com/amp/s/www.aljazeera.com/amp/news/2022/7/21/hungary-fm-arrives-in-moscow-for-talks-over-ensuring-gas-supplies

Hungary needs to get kicked out of the EU and NATO since they are pampering a country attacking us. Let them become a Russian state...

[dragonvslinux]

About to get very bullish by the end of the week by the looks of it. Short-term - 4hr and daily chart - don't look so hot right now. But the Weekly is finally starting to tick the right boxes for a trend reversal.

With the Weekly RSI due to close outside of oversold territory this week (bucket list criteria for a Bitcoin low) this would likely generate enough confidence for reclaiming the 200 WMA next week (if not also this week):

Many still think this rebound is a fake-out. What they usually forget is that EVERY trend reversal looks like a fake-out until it's not, so that's why it looks like one

The weekly candle is currently at +9%, otherwise the biggest weekly increase since March (4 months ago), slightly more than early July's +8% move from $19K lows. A bullish weekly close could lead to another week of consolidation like in mid-July, but otherwise with RSI leaving oversold conditions and moving above the 200 WMA I see much more liklihood of bullish continuation with a 10%+ candle in order to re-test $25K.

In summary, a bullish close this week (further confirming a low) = good chance of a 10-20% move to the upside next week, to $25K to $28K. We've already had 4 weeks of consolidation now, it's time to move on.

I don't even think this is that bullish a consideration, I'm simply talking about another ~10% move to the upside at minimum, with the possibility of a monster green +20% candle.

[NeuroticFish]

Hungary needs to get kicked out of the EU and NATO since they are pampering a country attacking us. Let them become a Russian state...

They love to play with fire since they've seen that EU is rather soft...
Unfortunately, instead of EU making an example of Hungary and show that if they want money, this kind of state should not play smartass, they stay soft and Poland tends to follow Hungary's "wonderful" example.

Many still think this rebound is a fake-out. What they usually forget is that EVERY trend reversal looks like a fake-out until it's not, so that's why it looks like one

If this will be for real, then this crypto winter may have been the shortest. And this would be unexpected.
I'd guess that this is why many think that it's fake. Time will tell, clearly...

[eXPHorizon]

Looking back at any period the easiest way to get rich was to just go and buy Bitcoin. This still holds true...

You must be new here...

Back in the day you could make 10000BTC by selling a pizza. Why watch ads for hours...
In 20 years the current 20k will easily be >1M.

So explain to me why it's not true  

It is not true because you trade a PIZZA for Bitcoin that is called Trading and not Buying. You could trade digital goods (Game Items) for 10000 Bitcoins back in the day too..

[bitcoinPsycho]

Close the door on the way out

[dragonvslinux]

If this will be for real, then this crypto winter may have been the shortest. And this would be unexpected.

I find this to be quite a subjective opinion. Based on enough metrics (volume, pi cycle, price strength) I think this bear market (decline since top) has been the longest at around 14-15 months, starting in April/May 2021.

I see the argument that it's only been 7-8 months based on price alone, but I don't buy it personally. Each to their own though or course. Either it's been the longest or the shortest  

[eXPHorizon]

This reminds me :  

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[eXPHorizon]

[ChartBuddy]

Explanation

[AlcoHoDL]

Elon Musk sell-off,
Had no casualties, they said.
Luna? Celsius?

It worked out alright.
Price slowly recovering,
Without those fuckers.

So, stack sats and HoDL.
And if you still don't get it,
I offer no hope...

#sundayhaikus

[Toxic2040]

About to get very bullish by the end of the week by the looks of it. Short-term - 4hr and daily chart - don't look so hot right now. But the Weekly is finally starting to tick the right boxes for a trend reversal.

With the Weekly RSI due to close outside of oversold territory this week (bucket list criteria for a Bitcoin low) this would likely generate enough confidence for reclaiming the 200 WMA next week (if not also this week):

Many still think this rebound is a fake-out. What they usually forget is that EVERY trend reversal looks like a fake-out until it's not, so that's why it looks like one

The weekly candle is currently at +9%, otherwise the biggest weekly increase since March (4 months ago), slightly more than early July's +8% move from $19K lows. A bullish weekly close could lead to another week of consolidation like in mid-July, but otherwise with RSI leaving oversold conditions and moving above the 200 WMA I see much more liklihood of bullish continuation with a 10%+ candle in order to re-test $25K.

In summary, a bullish close this week (further confirming a low) = good chance of a 10-20% move to the upside next week, to $25K to $28K. We've already had 4 weeks of consolidation now, it's time to move on.

I don't even think this is that bullish a consideration, I'm simply talking about another ~10% move to the upside at minimum, with the possibility of a monster green +20% candle.

when I look at the chart...all i can think about is that there is $45kish worth of dip overhead

anyway...waves across the pool shown by previous cycle long fibs and arbitrary doodles

stack sats and dyor

W

stronghands