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

[AlcoHoDL]

OOM is grumpy, and I'm grumpy too.

Earth is one giant meat circus.

Bitcoin stuck @ $20k too. Fuck this shit. 

[1715232481]

1715232481

[1715232481]

1715232481

[ChartBuddy]

Explanation

[BobLawblaw]

[Torque]

Ahh...taking out some leveraged longs today, I see. Gunning for sub- $19k.

[machasm]

Ahh...taking out some leveraged longs today, I see. Gunning for sub- $19k.

I would much rather be seeing leveraged shorts being hammered. Ho hum.

[ChartBuddy]

Explanation

[Paashaas]

[Toxic2040]

[ivomm]

...

They all feed with the imbecile gamblers, who keep opening high leverage longs. They've lost so much money so far, yet they continue doing the same thing over and over again expecting different results - the definition of stupidity! Probably tens of billions $ lost in the last 2 years. Currently in Binance there are 1.9bil longs, compared to the average of 1.2bil. Clearly they expect a return above 20K to 24K perhaps. But, there is a catch! During the bear markets the up movement almost always starts after a sudden dip liquidating the leveraged longs. So there is a ~50% chance of going down and ~50% of going up but after a short and steep dip. In other words, they are betting on <1% probability of success.
...

It was an easy call, wasn't it? Of course a new wave of longs replaced the liquidated, which may lead to a retest of the bottom. Normally, I despise more the shorters, but I am astounded by the tremendous stubbornness of the longers, provided that nearly 100% of all leveraged long positions have been liquidated in the last year.

I don't know if it is true, but some whale fat finger sold the other day 5K coins that were bought at some peak around 600$. I don't know how does it feel to lose 250 mil by not selling at 69K. Yes, 100mil is a good sum, but not enough for the most luxury yachts. It is just kinda stupid to join right now the bear party of dying ponzis. It kinda reminds me of mindrust, although technically this guy is in huge profit unlike the poor mindrust. I just don't get it, what you can do with such a sum in your bank account? First, paying 40% or more tax, then what? Buying a single boat to brag before your friends? This is so pathetic.

But this is the predictable human psychology. Almost at the same time, each bear cycle there is the capitulation event, when the weak holders are discouraged and decide it is better to bathe in useless paper notes rather than wait 2-3 years and sell at least 10x higher. Although the selling makes sense only if it is for a good reason and not so much about the price. I mean, no price is good enough to sell your coins just for having big amound of fiat junk and not knowing what to do with it.

Anyway, let's see how things will develop from now on. It may be just a small bear trap before the next bull run to 40K in the next 6-7 months.

[OutOfMemory]

@BTC: Feels like nearing another tipping point. Up or down?  

So, there's the answer now...

[Phil_S]

Explanation

[ChartBuddy]

Explanation

[Copetech]

So it keeps bouncing between 19.8k and 19.6k, but I've got my limit order set to buy 50k Sats at 19.53k ... watching for it to fill for what seems like WEEKS!... MONTHS! (OK so maybe it has only been 3 days...) but I don't really need it to dip, just a quick wick... Come On Chart Buddy! Working me out a deal! (Does that make me evil?)

Go Bitcoin! (right after you full my order)

Well, even if you had your order prior to August 30, we ONLY hit $19,552 which still would have been just short of your buy order. 

I can actually relate to you in some regards because even if you might set your buy (and sell, if any) orders in such a way that you are somewhat emotionally neutral in regards to whether they ever fill or not, still there are frustrations when the orders are almost met but not quite met. 

When I was more of a newbie, I would sometimes just adjust them in order that they would more easily be filled, and then that way, it gave me something to do, and maybe to lock in a kind of profit.  As I put more time into bitcoin, my motivations to change my orders do not get triggered as easily, even though I still can sometimes feel some frustrations and maybe even I will just change it for shits and giggles just to create some action. 

If the changes are just on the margin, then they are likely not going to make much of any BIG differences, but sometimes having some frustrations can cause a triggering of changing several orders in order to put them all in a place that is more comfortable - and surely these are discretionary matters, but sometimes the frustrations (little or not) can trigger global rethinking of placement of orders, size of orders, increments of orders and also spreads... and frequently when I make global adjustments to my orders, then I will tend to be satisfied for quite a long time, until something significant changes in my situation which would more likely end up being something related to large price movements rather than changes in my finances or psychology.. but cannot rule out winning the lottery (or something similar) - even though I don't play the lottery (so maybe not a great personal example for me.. even though other surprise things can sometimes come up).. hahahahaha

All Better Now!
Thanks Guys!
Go Bitcoin Go!

[Toxic2040]

the noon wall report


dyor





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W

stronghands

[DaRude]

Evil Russian climate killing coin BTC vs green freedom loving ETH FUD incoming.

 

[ChartBuddy]

Explanation

[Torque]

It's pretty obvious that whales are trading btc for eth in order to begin a large pump and dump run ahead of the Ethereum upgrade/merge news.  

Noobs will never learn I guess.

[ChartBuddy]

Explanation

[shahzadafzal]

https://youtu.be/0-7IHOXkiV8

[Hamza2424]

https://twitter.com/bestbitcoinmeme/status/1566179777895071749?t=pt3SO0TjkutNaK4ffUcqFA&s=19