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

[bangjoe]

source

“The Fund may invest in cash-settled bitcoin futures that are traded on commodity exchanges registered with the Commodity Futures Trading Commission,” the filing states.

After BlacRock invested in Circle then Coinbase, and put Bitcoin into its derivatives last year, and will create a futures market with a focus on blockchain.
Is it possible that the ETF product is nearing completion, which may have given the market some bulls lately?
I don't understand this but I have my suspicions.

[ChartBuddy]

Explanation

[Shan85]

Good News, Dear Members
$BTC breaks 20K and still goes UP! 📈

Global Cryptocurrency market cap reclaims $1 TRILLION 🥇Will market go up even more? Drop your thoughts 👇


Source: Twitter

[ChartBuddy]

Explanation

[aesma]

"Boomers: still getting lost without a GPS."

I'm guessing what is meant is boomers don't know how to use a GPS. Because gen Z would be the ones getting lost without a device giving them directions, boomers know how to read maps and signs.

(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.

[ChartBuddy]

Explanation

[JayJuanGee]

.....Boring... but thanks for taking the effort.

Boring?... AKA ... there's nothing in there that takes the piss out of JB and matches my narrative...so "boring"...lol.

Yes, yes, I hear ya.

Been telling myself to worry less about politics and other things I can't change anyway and spend more time on my creative hobbies.

You "need" a batslappening for reals.   

Source
when see BTC price $21k the relax mode on fly up BTC

That cat appears to have a fifth leg with a human foot. Freaky.

Is such a five-footed cat with a human foot in the room with us now?

[vapourminer]

"Boomers: still getting lost without a GPS."

I'm guessing what is meant is boomers don't know how to use a GPS. Because gen Z would be the ones getting lost without a device giving them directions, boomers know how to read maps and signs.

scratched my head on that one too. as i still have paper maps in my vehicles. i do use gps though, hard not too sometimes as its built into many cars nowadays..

mine is set to tell me when im speeding over a certain amount heh.  wonder what else it checks.. cars gonna drop a dime on me yet lol

[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.

[ChartBuddy]

Explanation

[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