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

[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

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[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

[philipma1957]

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  

a pizza was say 10 dollars

so btc was 1/10 of a penny.

btc is now 22500 which is 22500000 to 1 increase.

btc will never do 22500000 to 1 increase again.

Do I think it could do 10 to one yes
do I think it could do 100 to one yes.
do I think it could do 1000 to one yes


Sooo many say it will never increase as much as it already has.

If the worlds wealth is 300 trillion
btc only has 1 out of 1450 of that wealth

If the worlds wealth is 450 trillion btc is 1 out of 2000 of that wealth

ask yourself what is  the realistic % of the worlds wealth it can have.

Many think it can replace gold. well gold is 11 trillion

so maybe btc can become that number in 20 years. which means it would be 22x what it is today.

pretty good but not near 22500000 to one.

I can see btc becoming much higher than 450,000 in under 20 years.

[Ramiza]

Bitcoin

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Mr.right85]

You should be either buying or
Your accepting.

Females crypto influencers actually do so much too.

Strong supports on a weekend promises a good week.