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

[TrustedBitcoiner]

when btc starts to fall back down to earth, the alts are going to have a real bad time.

[Tipeform$]

Bitcoin has crossed the 200 day MA.

#Bitcoin    has crossed the 200 Day Moving Average!



Source

cheer mate

Love it bro
Market high
happy moment 💡

[ChartBuddy]

Explanation

[Gachapin]

when btc starts to fall back down to earth....

lol
good luck with your short....

[dragonvslinux]

when btc starts to fall back down to earth....

lol
good luck with your short....

Depends how you're shorting. Bitcoin dominance up 4% this week and also appears to be breaking out to the upside, some larger altcoins holding strong against Bitcoin, others falling hard despite dollar "gains". Again this has all the hallmarks of a trend reversal, Bitcoin pumping and alts lagging. Shorting alts in 2019 for satoshi profits was magnificent. Hopefully this year will be the same.

[Gachapin]

when btc starts to fall back down to earth....

lol
good luck with your short....

Depends how you're shorting. Bitcoin dominance up 4% this week and also appears to be breaking out to the upside, some larger altcoins holding strong against Bitcoin, others falling hard despite dollar "gains". Again this has all the hallmarks of a trend reversal, Bitcoin pumping and alts lagging. Shorting alts in 2019 for satoshi profits was magnificent. Hopefully this year will be the same.

Yes that's true.  But I think he shorted Bitcoin.


( I lold because Bitcoin being down to earth means < 20k to him, and because he wrote "when" and not "if"... like he could be sure of it. ....  since his short is under water it all comes off as rather wishful thinking )

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[BitcoinBunny]

when btc starts to fall back down to earth....

lol
good luck with your short....

Yeah, good luck with those shorts.

[ChartBuddy]

Explanation

[Hueristic]

“Defendant created and used over 38,000 fake Facebook user accounts and its Surveillance Software to scrape more than 600,000 Facebook users’ viewable profile information, including posts, likes, friends lists, photos, and comments, and information from Facebook Groups and Pages,” lawyers wrote in Meta’s complaint. “Defendant designed the Surveillance Software to conceal its presence and activity from Meta and others, and sold and licensed for profit the data it scraped.”

https://arstechnica.com/information-technology/2023/01/meta-sues-scraping-for-hire-service-that-sells-user-data-to-law-enforcement/

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Hueristic]

Cryptocurrency firms Gemini and Genesis have been charged by US regulators with illegally selling crypto assets to hundreds of thousands of investors.

https://www.bbc.com/news/technology-64265440

[ChartBuddy]

Explanation

[ivomm]

This liftoff has a lot of similarity to April 2019.
In 2019 the initial pump was from about $4K to $5.2K, then continued to $13.8K.
If we literally translate %, then initial spike (from 16.69K to 21.05K) was similar-26.7% in 2019 and about 25.8% here.
In 2019 the "pump" continued for another 166%, and with similar percentages we would be at $55.8K at the "local" pre-peak this year.
That would be tremendous, but kind of high end of my expectations for this early in a bull cycle, unless this bull will be much stronger than 2019-2021.
Length-wise, if we repeat (it was 3mo minus 5-6 days in 2019), in would be over by about last week of March-first week of April.
Since March 31 is the end of Q1 and April 15-18 is a typical tax day in US (this year it is on 18th), is kind of logical to expect something in that vicinity.

Was it 2019 or 2015 when there was the rumor that the first pump after the bear was facilitated by the one coin scam?

That was 2015 I think. In 2019 there was something else, can't remember what exactly, but some group of people managed to get a shitload of coins somehow and were meant to be distributing from the 13k area all the way to the covid crash. I remember people on this forum posting reports of whenever they moved coins.

https://coinmarketcap.com/alexandria/article/the-onecoin-scam-the-dazzling-story-of-the-biggest-crypto-ponzi-in-history

First of all, 1-day chart in the last week looks absolutely hyperbolic! This is BTC we know and love! As for the reasons of 2019 pump, you are confusing onecoin scam which has nothing to do with BTC. Onecoin is related to Ruja - a bulgarian (shame for me, being from this country), who got popular and friend with many politicians including the president. In 2017 she dissapeared with 4bil euro stolen from investors in onecoin. Recently she claimed an appartment in London, which means she is alive and well. I'm amused how Interpol and FBI couldn't find her yet. None of her property in Bulgaria is confiscated. She could live easily still here surrounded by an army of bodyguards. I've seen her many times with her baby in 2017, because it happens that I stayed in a hotel near her beach villa in the best seaside location in Bulgaria. I think she had around 20 bodyguards, but neighbours say they were at least 90.

Regarding the 2019 pump, I remember there was a Chinese ponzi, which avoided somehow BTC ban by offering shares not related officialy to BTC. In fact it was making profits by buying real BTCs until the sell pressure got them exposed. Coinbase also played the usual negative role, since in the last day of the pump which was above 30%, Coinbase froze for several hours causing panic. And this lead to the first crash which neutralized the dayly gains.

I won't be surprised if this current pump is also caused by a bad player. Hopefully it will last for another month or two before the bear market resumes. In this case, we may see prices above 30K and if there is another final 30% daily pump even above 40K for awhile.

[Tipeform$]

Retweet if you're bullish on #bitcoin   


Source

now on our Bitcoin market is on the rise.

Bullish market on..

[Gachapin]

This liftoff has a lot of similarity to April 2019.
In 2019 the initial pump was from about $4K to $5.2K, then continued to $13.8K.
If we literally translate %, then initial spike (from 16.69K to 21.05K) was similar-26.7% in 2019 and about 25.8% here.
In 2019 the "pump" continued for another 166%, and with similar percentages we would be at $55.8K at the "local" pre-peak this year.
That would be tremendous, but kind of high end of my expectations for this early in a bull cycle, unless this bull will be much stronger than 2019-2021.
Length-wise, if we repeat (it was 3mo minus 5-6 days in 2019), in would be over by about last week of March-first week of April.
Since March 31 is the end of Q1 and April 15-18 is a typical tax day in US (this year it is on 18th), is kind of logical to expect something in that vicinity.

Was it 2019 or 2015 when there was the rumor that the first pump after the bear was facilitated by the one coin scam?

That was 2015 I think. In 2019 there was something else, can't remember what exactly, but some group of people managed to get a shitload of coins somehow and were meant to be distributing from the 13k area all the way to the covid crash. I remember people on this forum posting reports of whenever they moved coins.

https://coinmarketcap.com/alexandria/article/the-onecoin-scam-the-dazzling-story-of-the-biggest-crypto-ponzi-in-history

First of all, 1-day chart in the last week looks absolutely hyperbolic! This is BTC we know and love! As for the reasons of 2019 pump, you are confusing onecoin scam which has nothing to do with BTC. Onecoin is related to Ruja - a bulgarian (shame for me, being from this country), who got popular and friend with many politicians including the president. In 2017 she dissapeared with 4bil euro stolen from investors in onecoin. Recently she claimed an appartment in London, which means she is alive and well. I'm amused how Interpol and FBI couldn't find her yet. None of her property in Bulgaria is confiscated. She could live easily still here surrounded by an army of bodyguards. I've seen her many times with her baby in 2017, because it happens that I stayed in a hotel near her beach villa in the best seaside location in Bulgaria. I think she had around 20 bodyguards, but neighbours say they were at least 90.

Regarding the 2019 pump, I remember there was a Chinese ponzi, which avoided somehow BTC ban by offering shares not related officialy to BTC. In fact it was making profits by buying real BTCs until the sell pressure got them exposed. Coinbase also played the usual negative role, since in the last day of the pump which was above 30%, Coinbase froze for several hours causing panic. And this lead to the first crash which neutralized the dayly gains.

I won't be surprised if this current pump is also caused by a bad player. Hopefully it will last for another month or two before the bear market resumes. In this case, we may see prices above 30K and if there is another final 30% daily pump even above 40K for awhile.

I totally mixed up the scams... thanks for clarification!

[dragonvslinux]

when btc starts to fall back down to earth....

lol
good luck with your short....

Depends how you're shorting. Bitcoin dominance up 4% this week and also appears to be breaking out to the upside, some larger altcoins holding strong against Bitcoin, others falling hard despite dollar "gains". Again this has all the hallmarks of a trend reversal, Bitcoin pumping and alts lagging. Shorting alts in 2019 for satoshi profits was magnificent. Hopefully this year will be the same.

Yes that's true.  But I think he shorted Bitcoin.


( I lold because Bitcoin being down to earth means < 20k to him, and because he wrote "when" and not "if"... like he could be sure of it. ....  since his short is under water it all comes off as rather wishful thinking )

Fair enough, I don't know this character admitedly. I assume they are a noob who came late to the bear party but could be wrong.

Tbf I think $20K is a pretty fair price right now, it's around the average of the past 7 months ($19.5K) as well as in the middle of where most of the volume is. But then again Bitcoin doesn't have to play fair. Especially if there are more shorts trapped above $21.5K (November high) then that could be an easy liquidation hunt in the short-term prior to a correction. Some sort of fake break-out seems likely now.

I was in a short at $20,850 yesterday but got out once I saw price continuing to move sideways as well as relatively strong close yesterday. If there is a short available for the short-term (even just as a hedge) I don't think it will be til next week. Too low volume right now and bears not showing any selling strength. Despite how oversold price is on Daily time-frame.

Also longer term investors will probably start buying up prices ahead of a strong weekly close towards the end of the day. That'd be my guess. Then something corrective next week...

[Gachapin]

when btc starts to fall back down to earth....

lol
good luck with your short....

Depends how you're shorting. Bitcoin dominance up 4% this week and also appears to be breaking out to the upside, some larger altcoins holding strong against Bitcoin, others falling hard despite dollar "gains". Again this has all the hallmarks of a trend reversal, Bitcoin pumping and alts lagging. Shorting alts in 2019 for satoshi profits was magnificent. Hopefully this year will be the same.

Yes that's true.  But I think he shorted Bitcoin.


( I lold because Bitcoin being down to earth means < 20k to him, and because he wrote "when" and not "if"... like he could be sure of it. ....  since his short is under water it all comes off as rather wishful thinking )

Fair enough, I don't know this character admitedly. I assume they are a noob who came late to the bear party but could be wrong.

Tbf I think $20K is a pretty fair price right now, it's around the average of the past 7 months ($19.5K) as well as in the middle of where most of the volume is. But then again Bitcoin doesn't have to play fair. Especially if there are more shorts trapped above $21.5K (November high) then that could be an easy liquidation hunt in the short-term prior to a correction. Some sort of fake break-out seems likely now.

I was in a short at $20,850 yesterday but got out once I saw price continuing to move sideways as well as relatively strong close yesterday. If there is a short available for the short-term (even just as a hedge) I don't think it will be til next week. Too low volume right now and bears not showing any selling strength. Despite how oversold price is on Daily time-frame.

Also longer term investors will probably start buying up prices ahead of a strong weekly close towards the end of the day. That'd be my guess.

seems he was already under water at around 17.5k

holy crap

my short isnt looking so good  

I guess many are still waiting at the side line, so with the buybacks we could easily see 30k+ in a month.  

20k is certainly (very) fair for the buyer    I think 20k is way undervalued and only possible because all the lender collapses.