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

[ChartBuddy]

Explanation

[1714832791]

1714832791

[1714832791]

1714832791

[1714832791]

1714832791

[Hueristic]

The Bank for International Settlements (BIS) has now allowed banks to now hold 2% of their reserves in cryptocurrencies as per its recently released Prudential Treatment of Crypto Asset exposure report for December 2022. In June, the BIS had allowed only a few banks to hold not more than 1% of their reserves in cryptos.

https://www.investing.com/news/cryptocurrency-news/bis-allows-banks-to-hold-2-of-their-reserves-in-cryptocurrencies-2966647
Don't shoot the messenger, I didn't pick the wording

There is an exponential aspect to doubling.

In regards to bitcoin specifically, I would suggest anywhere between 1% and 25% for someone who is a responsible grownup.. so yeah, maybe banks have to work their lil selfies up towards the higher end of the range... .. but if they are actually contemplating shitcoins or "crypto" then fuck that nonsense, I am not even sure if 1% would be tolerable for that.. maybe 0.25% at most?... or maybe up to 1% of the bitcoin amount.

Been having a hard time finding particulars such as what banks are under their purview and exactly what the term "cryptocurrencies" means to them.

Hopefully shitcoins are not on that list but even if they were I don't see institutional banks receiving capitol from national treasuries as foolish enough to do a  full retard coinbase.

[TrustedBitcoiner]

Ok now is starting to look like bull flag on short-term time-frame, after failing ascending triangle break-out. Still expecting a fake-out to higher levels above $21.5K but this ain't no shorting range.

if that's not a good price point to short what is?
this has been one hell of a pop, I fully expect a strong pull back, maybe even retesting 15.5k.

[philipma1957]

Ok now is starting to look like bull flag on short-term time-frame, after failing ascending triangle break-out. Still expecting a fake-out to higher levels above $21.5K but this ain't no shorting range.

if that's not a good price point to short what is?
this has been one hell of a pop, I fully expect a strong pull back, maybe even retesting 15.5k.

Yeah right my guess is we do 22,222.22 before we hit your number.



edit :

What do you think JJG?

22.2k or 15.5k which comes first?

[ChartBuddy]

Explanation

[shahzadafzal]

For reference:

Baby boomers: 1946 to 1964.
Generation X: 1965 to 1980.
Millennials: 1981 to 1996.. <——— Most of us fall here, Am i right?
Gen Z - aka Zoomers - mid-to-late 1990s to early 2010s

This data is for US but I guess can be generalized for other places too.


https://twitter.com/documentingbtc/status/1615082440510373911

(Tbh, the gen z roasts are way funnier than the other reply that she really wanted... but then again, jmho and I maybe bias...)

The gen Z ones hurt more, too. Making them look really dumb and useless.

23% Gen Z adults owns bitcoin. Are we underestimating them?

[TheJuice]

I don't think people understand how bullish the crypto sphere is right now. BTC 100k and ETH 10k are incoming and people are sleeping on it. If you have dry powder on the side lines waiting to move in, now is the time. You'll be kicking yourself in 2 years if you don't move in today.

[Hueristic]

I don't think people understand how bullish the crypto sphere is right now. BTC 100k and ETH 10k are incoming and people are sleeping on it. If you have dry powder on the side lines waiting to move in, now is the time. You'll be kicking yourself in 2 years if you don't move in today.

Just a little hint but your continual mention of that scam MeTH has gotten you an ignore from me and I'm sure most of the regulars if not already are not far behind.

[Unknown Op]

 




TWITTER

[dragonvslinux]

Ok now is starting to look like bull flag on short-term time-frame, after failing ascending triangle break-out. Still expecting a fake-out to higher levels above $21.5K but this ain't no shorting range.

if that's not a good price point to short what is?
this has been one hell of a pop, I fully expect a strong pull back, maybe even retesting 15.5k.

When it breaks down from the bull flag. Not within it, unless you're scalping resistance to support that is, as it's a bullish continuation pattern until proven otherwise.

If we go back down to $15.5K, you can expect much lower than that though.

[ChartBuddy]

Explanation

[hisslyness]

For the past 3 hours, someone(s) just bought ~$4B worth of $BTC futures in market orders, and $87M short positions liquidated across all exchanges.

Again? Or is this the same as

https://bitcointalk.org/index.php?topic=178336.msg61592149#msg61592149

[TheJuice]

I don't think people understand how bullish the crypto sphere is right now. BTC 100k and ETH 10k are incoming and people are sleeping on it. If you have dry powder on the side lines waiting to move in, now is the time. You'll be kicking yourself in 2 years if you don't move in today.

Just a little hint but your continual mention of that scam MeTH has gotten you an ignore from me and I'm sure most of the regulars if not already are not far behind.

 

[ChartBuddy]

Explanation

[Hueristic]

I don't think people understand how bullish the crypto sphere is right now. BTC 100k and ETH 10k are incoming and people are sleeping on it. If you have dry powder on the side lines waiting to move in, now is the time. You'll be kicking yourself in 2 years if you don't move in today.

Just a little hint but your continual mention of that scam MeTH has gotten you an ignore from me and I'm sure most of the regulars if not already are not far behind.

 

Is this a bought account?

I've been thinking that for awhile.

[philipma1957]

I don't think people understand how bullish the crypto sphere is right now. BTC 100k and ETH 10k are incoming and people are sleeping on it. If you have dry powder on the side lines waiting to move in, now is the time. You'll be kicking yourself in 2 years if you don't move in today.

fuck eth and mr V and you for that matter.

that piece of shit is costing the entire pc industry a fucking fortune.

[ChartBuddy]

Explanation

[TrustedBitcoiner]

Ok now is starting to look like bull flag on short-term time-frame, after failing ascending triangle break-out. Still expecting a fake-out to higher levels above $21.5K but this ain't no shorting range.

if that's not a good price point to short what is?
this has been one hell of a pop, I fully expect a strong pull back, maybe even retesting 15.5k.

When it breaks down from the bull flag. Not within it, unless you're scalping resistance to support that is, as it's a bullish continuation pattern until proven otherwise.

If we go back down to $15.5K, you can expect much lower than that though.

either way if it breaks up sell because the move is way over extended, or if it breaks down short cuz its going down.
IMO most of this move is based on a short squeeze , and some mofo buying, but now the shorts are liquidated only mofo is left, and its going to be hard to mofo buy when it suddenly drops sub 20K. I guess it all depends on how much money is on the sidelines right now.

all we can do is  draw lines, watch price, and speculate

[xhomerx10]

While doing a tiny bit of wallet maintenance today I discovered something strange

 I did a little digging and some searching and I found that disgraced user naim027 had a short stint running a lending service; the repayment address was: 18HfvLNNsZdMZeXmyKg59AfG7n4d1ibKRU (as posted here)
which on 9/14/2022 @ 12:24:14 transferred a small amount of bitcoin to this address: bc1qw0qsvzuxgmyqvc6mcaqw77v3sd9jt0lppcxkn6
which on 9/23/2022 @ 24:14:25 transferred most of that amount to this adress: bc1qy4ta9wtwufm3d56tqrys3wh50q7fmd7p0g0z6n
which on 9/23/2022 @ 24:28:50 dispersed ~0.00005 BTC to each of the following users at their publicly posted addresses -

  fillippone: bc1qd7rqlrw5h4q3g2x45xacd72zshcm2dht2ztclh
  Chartbuddy: 1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
    Gachapin: 1L1KknC9sGqr6CUuZzEME3V8YPSfLqLRoM
       Ivonm: 38s6Ku7BMThahWcSQQLwnM9K1U5GWF5Rkk
  JayJuanGee: 35EVP8EePt8dyvKHaB7bXaRmKLm22YgRCA
 OutOfMemory: bc1qhy8gjn9klgmtlx08a2cpruq9dkv0tvqhv5x5lk
     OgNasty: 168WXhArv7Fasqvi2xm5MQMfLhG18jifMe
     Richy_T: 1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
El duderino_: 19X5vZE8KGZ6YgtSkJmZEryDgX24tg6amR
   xhomerx10: 1RoMaNiAjSGeGsYJzPjsLUGogbDEsK4TZ

 I'm not sure what naim027 is up to nor would I trust any answer from him but I did not request his dust.  This dust can be used to track future transactions and potentially deanonymize you.  It's probably a good idea to freeze the UTXO associated with this tx to make sure it never gets spent.  Hopefully the rest of you either caught it already or have not yet transacted using that UTXO.

[xhomerx10]

Ok now is starting to look like bull flag on short-term time-frame, after failing ascending triangle break-out. Still expecting a fake-out to higher levels above $21.5K but this ain't no shorting range.

if that's not a good price point to short what is?
this has been one hell of a pop, I fully expect a strong pull back, maybe even retesting 15.5k.

When it breaks down from the bull flag. Not within it, unless you're scalping resistance to support that is, as it's a bullish continuation pattern until proven otherwise.

If we go back down to $15.5K, you can expect much lower than that though.

either way if it breaks up sell because the move is way over extended, or if it breaks down short cuz its going down.
IMO most of this move is based on a short squeeze , and some mofo buying, but now the shorts are liquidated only mofo is left, and its going to be hard to mofo buy when it suddenly drops sub 20K. I guess it all depends on how much money is on the sidelines right now.

all we can do is  draw lines, watch price, and speculate

 Dude, you forgot hodl.  We can also hodl or DCA and hodl or hodl and DCA and hodl some more.  So many options...