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

[philipma1957]

Ah, Powell and the Fed should be jumping around with glee at the latest news:

Microsoft is laying off 10,000 employees
https://www.cnbc.com/2023/01/18/microsoft-is-laying-off-10000-employees.html

Amazon set to begin new round of layoffs affecting over 18,000 people
https://www.cnbc.com/2023/01/18/amazon-set-to-begin-new-round-of-layoffs-affecting-over-18000-people.html

BeStEsT aNd StROngEsT EcoNoMy EvAR ! 

for egg farmers 

[bitcoinPsycho]

[jojo69]

Ah, Powell and the Fed should be jumping around with glee at the latest news:

Microsoft is laying off 10,000 employees
https://www.cnbc.com/2023/01/18/microsoft-is-laying-off-10000-employees.html

Amazon set to begin new round of layoffs affecting over 18,000 people
https://www.cnbc.com/2023/01/18/amazon-set-to-begin-new-round-of-layoffs-affecting-over-18000-people.html

BeStEsT aNd StROngEsT EcoNoMy EvAR !  

for egg farmers  

[lightfoot]

Ah, Powell and the Fed should be jumping around with glee at the latest news:

Microsoft is laying off 10,000 employees
https://www.cnbc.com/2023/01/18/microsoft-is-laying-off-10000-employees.html

Amazon set to begin new round of layoffs affecting over 18,000 people
https://www.cnbc.com/2023/01/18/amazon-set-to-begin-new-round-of-layoffs-affecting-over-18000-people.html

BeStEsT aNd StROngEsT EcoNoMy EvAR ! 

Yeah, these companies are using this as a "clear the dead wood" that has accumulated in the last year or two. Kind of like the old Roman concept of decimation, but only one in 10 would get that...

Annoying though, I prefer just firing people as opposed to saving them around to sacrifice at the next mass layoff. Cuz then in 3-6 months you do mass hirings which is a real pain in the ass. Space it out and let people know that good work will be rewarded and poor work will be cause for termination.

[TOXIC-ZY]

Looking good above $21,000 right now. Yesterday was the 14th consecutive daily green candle which was apparently the second best daily green candle streak in bitcoin’s history. Quite incredible really, would have been better if it was in late 2021 instead though

Where we go next is anybodies guess, you would expect a pullback & retest of $20,000 or maybe slightly low. A higher low than we have seen perhaps, then pump to higher than $22,0000 hopefully.

As always (well since I sold some any way) no emotion. 

We may see something new in Bitcoin in 2023. I don't know why it looks like Bitcoin may set a new record this year. If Bitcoin hits a new record, it will be good for everyone. Cryptocurrency market conditions will improve.

[ChartBuddy]

Explanation

[hisslyness]

Looking good above $21,000 right now. Yesterday was the 14th consecutive daily green candle which was apparently the second best daily green candle streak in bitcoin’s history. Quite incredible really, would have been better if it was in late 2021 instead though

Where we go next is anybodies guess, you would expect a pullback & retest of $20,000 or maybe slightly low. A higher low than we have seen perhaps, then pump to higher than $22,0000 hopefully.

As always (well since I sold some any way) no emotion.  

Sold a piece myself. we did a mining distribution which I sold a piece of it.

Sideways with a slight up trend is okay for me.

from google search : fed rate adjustment schedule

2023 FOMC Meetings
Jan/Feb. 31-1.
March. 21-22*
May. 2-3.
June. 13-14*
July. 25-26.
September. 19-20*
Oct/Nov. 31-1.
December. 12-13*

So the Jan 31-Feb 1 number is coming up.

and the Debt ceiling will be hit this week. 31.4 trillion

https://www.nytimes.com/article/debt-ceiling-us-economy.html



fucking number is unreal.

32 trillion/8 billion = 4000 thousand for every human on earth.


I think these events may help this smallish pump some more.

Don't be shifting the debt over to us! We have our own $900 Billion problem here!

32T / 334M = $95,808.00 for every one person in the USA

It is crazy numbers, especially when you look back a realise USA debt was only 5.6B in 2000 or $19.85USD for one person in the USA (282M)

[El duderino_]

Are we bears again?

[bitcoinPsycho]

Are we bears again?

Lol I get it 🤣

[AlcoHoDL]

Are we bears again?

[bitcoinPsycho]

[OgNasty]

It looks like a wave of profit taking has started. Now we wait and see how deep the correction will go. I suspect once we dip and hold, we’ll see another wave up. This will likely be how the next year goes. A rally, profit taking, accumulation, then another rally. I’d say to accumulate through it all, then maybe take some profits when the market tops just before the halving, but make sure your bags are full on the dip as the market “sells the news” after the halving. That will be the last low before the next bubble. You have about 400-500 days.

[ChartBuddy]

Explanation

[JimboToronto]

Good morning Bitcoinland. Greetings from sunny Playa del Carmen.

Other than a small dose of Montezuma's Revenge, been enjoying our stay here. Renewing acquaintances here after almost 3 years of covid-forced absence. Next week we'll get out to the jungle to see what's left of our homes there. When the cat's away, etc.

Still sidling along in the $21k range. Catching our breath, coiling for the next leg up.

Obedient stupidity vs discerning intelligence?  

I don't blame the cat for looking pissed off.

[MusaPk]

Ah, Powell and the Fed should be jumping around with glee at the latest news:

Microsoft is laying off 10,000 employees
https://www.cnbc.com/2023/01/18/microsoft-is-laying-off-10000-employees.html

Amazon set to begin new round of layoffs affecting over 18,000 people
https://www.cnbc.com/2023/01/18/amazon-set-to-begin-new-round-of-layoffs-affecting-over-18000-people.html

BeStEsT aNd StROngEsT EcoNoMy EvAR ! 

Microsoft has 220,000 employs worldwide. This means they are cutting 5% of their workforce.
According to Microsoft CEO this cut is not just because of the weak economy but also due to the 'post-pandemic shift in digital spending habits'. During covid19, there is more investment coming in digital sector but now things are going  back.
The worrying thing is that next wave of lay off will come not because of slow business but due to AI doing more and more work.

https://www.theguardian.com/technology/2023/jan/18/microsoft-to-cut-10000-jobs-by-end-of-march

[dragonvslinux]

Are we bears again?

For the short-term, yes. Have waited patiently for the past few days for a good shorting opportunity as a hedge and looks like it's finally arrived. Target is around $19K to $19.5K.

Wouldn't be surprised to see price continue to consolidate between $20.5K and $21.5K though. Despite failure above $21.5K, price remains range bound it seems.

[jojo69]

[Hyperjacked]

Are we bears again?

Looks like a head fake and much needed breather before moving higher again Imho
Would be nice if we recover and hold the line at 21k$

[JimboToronto]

Are we bears again?

Looks like a head fake and much needed breather before moving higher again Imho
Would be nice if we recover and hold the line at 21k$

Another day, another AYH.

Lets see what tomorrow brings.

[ChartBuddy]

Explanation