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

[ChartBuddy]

Explanation

[execijutiere]

In order to liquidate long positions, the market makers gave a nice drop. Now a decision needs to be made. In my opinion, the first target is still around $18,000. After that, a really important decision phase may come for the market. It could be either ok or continue.It can be expected to rise or fall sharply on a piece of news.

[Gachapin]

In order to liquidate long positions, the market makers gave a nice drop. Now a decision needs to be made. In my opinion, the first target is still around $18,000. After that, a really important decision phase may come for the market. It could be either ok or continue.It can be expected to rise or fall sharply on a piece of news.

news can only do so much at these prices ....rn probably mostly whales selling into their own pocket to scoop up cheap coins, while hoping for the gox coins to come

[Morningstarr]

bitcoin price fell since 2011 to 2022
https://twitter.com/DocumentingBTC/status/1564229699815055363?t=Xd_gAiwrD-Lv36pQPm_cbQ&s=19

After all the said had been done amidst ups and downs, bitcoin still stand strong till today and remain the only most recognized, acceptable and decentralized digital currency, history tells the rest of the story.

I wish bitcoin would drop to $12k so I can buy $70 worth of BTC. 

[Paashaas]

The Phantom Galaxy seen by Webb it contains more than 100 billion planets.

[ChartBuddy]

Explanation

[jojo69]

https://www.youtube.com/watch?v=WkJ0SorxugA

[ChartBuddy]

Explanation

[Phil_S]

I just had a premonition we're going to see a new ATH mid October.

Whatever. Fuck this planet. Everything is retarded.

I'm the biggest retard here.

Next year. 

Oh well. At least we know how to play the waiting game.

[ChartBuddy]

Explanation

[Toxic2040]

the noon wall report


some news and fud of the day


flooding continues to devastate Pakistan with over 1,000 dead and a third of the country under water
https://www.bbc.com/news/world-europe-62712301

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fighting erupts in Iraq after massive demonstrations in the green zone

The violence began after powerful Shia religious leader Muqtada al-Sadr announced on Monday that he would resign from Iraqi politics, prompting hundreds of his angry followers to storm the government palace, sparking clashes with security forces

https://www.aljazeera.com/news/liveblog/2022/8/29/iraq-unrest-live-blog-sadr-announces-hunger-strike

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the war in Ukraine drags on with fighting intensifying around the Zaporizhzhia nuclear power plant and a UA offensive into the Kherson region
https://www.cnbc.com/2022/08/30/russia-ukraine-live-updates.html

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fed to remain hawkish and earnings and stonks reportedly remain overvalued driving last weeks selloff as recession fears remain high

https://twitter.com/GoldmanSachs/status/1564613933922664450
CNBC talking heads
https://www.youtube.com/watch?v=UhA8E_sS9Sw
 
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China locks down again as new cases affected about half of the 6 million residents of the port city of Dalian, along with an undisclosed number in Chengde and Shijiazhuang in Hebei province, both around three hours from the capital Beijing
https://www.cbsnews.com/news/china-covid-lockdown-back-amid-fresh-cases-dalian-hebei-beijing/

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Some relief in the EU as gas price retreat from ATH's

European energy prices plunged on signs that the region is stepping up efforts to curb a crisis that threatens to tip the region into recession with winter approaching.
German power for next year settled 20% lower, and Dutch natural gas fell as much as 11%. Both benchmark contracts extended losses from Monday, after surging to records last week.
Prices have been extremely volatile in recent days amid thin trading and much uncertainty. Russia’s Gazprom PJSC plans to shut the Nord Stream pipeline to Germany for three days of maintenance beginning Wednesday.
The European Union is preparing to intervene in the short term to dampen soaring power costs, which have fueled inflation and increased the risks of a recession. Meanwhile, storage sites in the region are filling fast, bringing some relief and raising the chances Europe will get through the winter with ample supply.

https://www.bloomberg.com/news/articles/2022-08-30/european-natural-gas-rises-on-signs-of-worsening-supply-crunch

for some reason the article headline says the exact opposite....Bloomberg...not surprising i guess..

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why am i talking about all this MSM bullshit? it got me thinking about this fear narrative that is being perpetuated by the ruling elites   why does this happen...it is because they themselves are afraid

then because im am just sitting here smoking weed and observing...i started thinking of hard times and how one navigates through them

and this movie quote from Deep Impact started floating around in my head...something that the President said who was played by Morgan Freeman
i dont remember the exact words but it was something about life will continue on as if normal...you will wake up and go to work...you will pay your taxes etcetera

there was a time where there was no hope...this big asteroid(read fiat) coming to destroy the Earth
that is the legacy financial system....crumbling into destruction through rampant fiscal mismanagement and endless printing
there was no way to avoid this collision until bitcoin
now the asteroid is not a deep impact that leads to extinction but perhaps a series of lesser blows as economies around the globe struggle with inflation ...but now, there is a way out...a way to protect your financial sovereignty
there will be casualties...as sometimes happens in conflict...but we will make it through these dark times and come out stronger for it
so take it one day at a time..set one foot in front of the other and go about your business as best you can

this all seemed so much more elegant when I was thinking it but that is the gist of it

anyway...gm  

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bitcoins price again retreating from $20kish in early morning trading

currently near $19.7k on increasing Tuesday volumes

dyor


4h


D

stronghands

[WatChe]

flooding continues to devastate Pakistan with over 1,000 dead and a third of the country under water
https://www.bbc.com/news/world-europe-62712301

Thanks for highlighting this issue.

The primary reason for this massive flood is climate change. Pakistan produces less then one percent of global carbon emissions yet its one of top in the list of countries affected by climate change. This carbon emissions and climate change are global issue, today its Pakistan tomorrow it will be some other country.

There is water all over and it is estimated that around 30 million people are affected due to this flood out of population of 200 million.

There is a thread, [Donations] Fundraising for the Floods disaster in Pakistan | Raised ~1000 USD, created by irfan_pk10. Anyone interested can donate there.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Copetech]

flooding continues to devastate Pakistan with over 1,000 dead and a third of the country under water
https://www.bbc.com/news/world-europe-62712301

Thanks for highlighting this issue.

The primary reason for this massive flood is climate change. Pakistan produces less then one percent of global carbon emissions yet its one of top in the list of countries affected by climate change. This carbon emissions and climate change are global issue, today its Pakistan tomorrow it will be some other country.

There is water all over and it is estimated that around 30 million people are affected due to this flood out of population of 200 million.

There is a thread, [Donations] Fundraising for the Floods disaster in Pakistan | Raised ~1000 USD, created by irfan_pk10. Anyone interested can donate there.

Of course it has nothing to do with their 85% reduction in forestation over the last 10 years.
Fun fact, empoverished peoples burn wood for fuel to cook their food and heat their homes. Although far less efficient and higher in CO² emissions, wood is cheap... it grows on trees. Add that to the fact that trees play a major roll in reducing CO² concentration as well as lowering the water table... and you realize quickly that encouraging populations to burn trees is not a great survival strategy. As wealth, resources, and infrastructure improves in a society, the general trend is to graduate to coal based energy then eventually dinosaur poop (oil, petroleum, & natural gas). This is the most efficient means of extracting energy from our surroundings,  and although not cheap like wood, has a MUCH lower impact on our air quality and CO² levels.

I wish more people would use common sense rather than gobbling up the stories that our minders feed us to keep us under control and without resources.

If we 100% concede that man-made global warming due to CO² emissions is our greatest looming tragedy... wouldn't we be best prepared to tackle that problem from an abundance of resources and minimal poverty? So why do all the "solutions" being foisted upon us depend on a reduction of resources and an increase in mass poverty? Maybe our minders don't really want a solution so much as they want obedient sheep with no self reliance? Maybe?

[wachtwoord]

99.99% Uptime?

Where’s 0.01%? Why not 100%?

 Yeah I remember there was an unexpected fork that happened in 2013 right around the time I was trying to figure out bitcoin.  It caused some downtime.

March 11th orphan blocks were slow.
Doubters panicked and let their Bitcoins go.
I took my chances
Took out all the loan advances
Now I'm holding for the longest time 😉

[Gachapin]

99.99% Uptime?

Where’s 0.01%? Why not 100%?

 Yeah I remember there was an unexpected fork that happened in 2013 right around the time I was trying to figure out bitcoin.  It caused some downtime.

March 11th orphan blocks were slow.
Doubters panicked and let their Bitcoins go.
I took my chances
Took out all the loan advances
Now I'm holding for the longest time 😉

you got your fair reward for not being a doubter at that time

[JayJuanGee]

[edited out]

Wow I read your story post story and later I saw this video from VICE News and for a second I thought is that you JJG?

What Happened When Bitcoin Made People Rich Quickly?
https://www.youtube.com/watch?v=2hZ-Q9QTL2s

That conference of 2013 was in May 2013, and I got into bitcoin around November 2013.. ... but then if you were wondering, was that you?  I wonder which one of the May 2013 peeps you would have thought that I would have been?  

Oh sorry I forgot to mention but of course you can’t not be this dude…

Did you know that if you write two negatives next to each other (I.e "can't not", then the two negatives cancel each other out to become a positive, but to clarify the matter, I would proclaim to not be Vitalik, and I am having some trouble imagining myself to be anything like Vitalik - even though there might be a little bit of Vitalik in each of us.. I still have some troubles relating various aspects of that guy..... yet as he had ended up going down the rebel road, I can see myself doing that.. so it could be that I have more Vitalik in me than I would like to publicly admit.

Actually I was talking about this dude putting $20 dollar bills into Bitcoin Wending Machine and making his fortune

You are correct that symbolically, at that time I would be more like the guy stuffing $20s into a machine..

Why don't you guys buy bitcoin while it is still cheap? I want to buy 1 bitcoin while it is still ~ $ 20 000 because I remember previous bull runs where it was not possible to buy it cheaper at all.

You do not have to buy 1 bitcoin at a time newbie..

You can buy fractions of a bitcoin.  Did you know that?

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation