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

[|MINER|]

Although the market is down from yesterday's ATH and not much of a GREENISH market has been seen in the last 24 hours.And since last year many big scams have happened in cryptocurrency. Many are dismissing Bitcoin as just hype(https://www.youtube.com/watch?v=qdIooHrQeK8), and this statement by the Ex-Chairman of the CFTC(Commodity Futures Trading Commission) will be effective as a counter-answer for them. 

🇺🇸 ex-CFTC Chair: "Bitcoin is digital gold. It's programmed scarcity" 🙌
source

[ChartBuddy]

Explanation

[|MINER|]

UHU! Just now Btc again hits 23k today .

[philipma1957]

well sideways in a 20.5 to 23.5 slot works for miners a lot better than sideways in a 15.5 to 17.5 slot.

My mining earnings are up.. And if we do do a really runup to 100k plus I will be ecstatic. since monthly earnings of the farm will also be an alltime high.

[ChartBuddy]

Explanation

[Bitcoin 23.0]

btw its not a fake... berlin owns BTC
https://twitter.com/neumi85_btc/status/1616915567377522689
https://twitter.com/neumi85_btc/status/1616926508655730692

It’s Really Amazing


Here's my technical analysis of where Bitcoin's price is going.



Source

[d_eddie]

Not a greedy man
If you come my way your way
I'll give you my seed




#haiku

[ChartBuddy]

Explanation

[macson]

btw its not a fake... berlin owns BTC
https://twitter.com/neumi85_btc/status/1616915567377522689
https://twitter.com/neumi85_btc/status/1616926508655730692

delusional sufferers like Peter Schiff and JP Morgan will think this is fake LOL

UHU! Just now Btc again hits 23k today .

next stop....$24k

[Tipeform$]

Not a greedy man
If you come my way your way
I'll give you my see

#haiku

Greedy people are selfish

One should keep greedy people away and be careful.,.

[eXPHorizon]

Not a greedy man
If you come my way your way
I'll give you my see

#haiku

Greedy people are selfish

One should keep greedy people away and be careful.,.

WO and the circlejerk are the greediest feet on the planet. keep em away hah

[ChartBuddy]

Explanation

[bangjoe]

The start of the year was good for the market, the movements were unpredictable.
Looks like the uncle is sitting relaxed drinking coffee in his yard because the nets at $16k in december 2022 catch a lot of fish that are growing up now.
Don't think about saving your wealth in the bank because you will be eaten.


Maybe there will be new rich people when the new ATH is formed...

[JayJuanGee]

well sideways in a 20.5 to 23.5 slot works for miners a lot better than sideways in a 15.5 to 17.5 slot.

My mining earnings are up.. And if we do do a really runup to 100k plus I will be ecstatic. since monthly earnings of the farm will also be an alltime high.

I would imagine that a lot of miners are still being hit with recent ATH's in difficulty..and looks like this upcoming period is not going to be any relief in that direction - yet sure perhaps some miners are profitable at these prices - and the miners who are getting punished are those who had overleveraged and had taken on way too much debt (and some of the roots for that overleveraging was during the UPward profit periods of 2021 that might have even extended a bit into 2022 - until the bottom of the BTC price started to fall out in May 2022 and just gravitated to lower and lower levels - and not even close to reaching the supra-to-mid $30k price levels in which the fall out started).. so some of those guys are still struggling - perhaps shutting down or being gobbled up my the miners who did not make those various kinds of overleveraging mistakes or even not being prepared for BTC prices to go below certain levels.. in various degrees of unpreparedness.

You have been asserting that you personally have been more prepared in part due to your not employing much if any debt (at least not the highly leveraged kinds of debt), and surely you may be correct that if you had been able to get through the bad parts (of lower BTC prices, and higher hash rate suffered so far),  and that you were even prepared for lower prices and perhaps some other adversarial conditions, then it could be the case that we are seeing the light of the tunnel.. and also we are seeing that sometimes that those who are left standing after very adversarial weeding outs may well be in a better situation to enjoy higher than average levels of profits - because they are in the right place at the right time and still surviving.

Not a greedy man
If you come my way your way
I'll give you my seed
#haiku

You have not been providing too many details in regards to your BTC stack management in recent years d_eddie.  Are you trying to preserve OP_sec?  I recall during the 2017 run, you had a system of trading that you were employing, but then you said that it was too much work for too little reward.. so therefore what does that mean for uie pooie?  just sitting on your hands or periodic DCA'ing?  no cashing out parts of the stash last year as some of our colleagues (LFC, cough, cough) had done?

I tentatively speculating that you have just been going through a mostly HODL strategy and perhaps waiting for supra $100k prices, but really it seems that there would have been some justifications to accumulate more BTC in the past 7 months or so..?  especially since mid-June 2022.. but mums been the word from you.. just vague assertions?  Have you been taking lessons from Jojo?  Or maybe just you are shy?  or the cat's got your tongue?  hahahaha

Don't get me wrong.  There are a lot of longer term WO participants who seem to have not really been saying too much in regards to some of their recent strategies.. I mean in some sense if we are all just sitting around and not doing anything, then just waiting to become richie.. but perhaps there had been some amount of paralysis in terms of whether some members might have been hesitant to add to their stacks or maybe some of our longer term members had been gambling with some of the fallen exchanges and other fallen entitites?  I cannot imagine that everyone is innocent from having had gambled on some of those products.. since there has been so much fall out, and how could it be that everyone else is suffering various damages and none of us have been affected because all of us are HODLing our own keys?  Is that what's going on? 

[Hyperjacked]

Love when a plan comes together… 1month chart looking sweet! Walking up the bulltard staircase…looking for sideways consolidation and the next step at 25k$
Cheers hodlers 

[ChartBuddy]

Explanation

[JayJuanGee]

Love when a plan comes together… 1month chart looking sweet! Walking up the bulltard staircase…looking for sideways consolidation and the next step at 25k$
Cheers hodlers  

How come I remember you as such a FUD and disinformation spreading dweeb - pumping bullshit shitcoin talking points regarding the breathing cycle and all of that nonsense?  Now all of a sudden you are a bitcoin bull?  Go figure?

So yeah, it is difficult to know how many folks (even longer term bitcoiners) had been ready, willing and able to take advantage of BTC prices of the last several months - especially the last couple of months that we had largely been below $17k for most of that time?  Of course, if you might be a trader, then you may well have sold some coins and then bought back, so if you ended up timing it well (or mostly getting it right), then you may well be feeling especially smug at this time... but still we do not have any guarantees that the UPpity scenario that you describe is going to play out.. especially if we go by your post history in regards to wanting to pump your position (aka talk your book).

I am not even saying that I want you to be wrong in the way that you have outlined what seems to have decently good chances of happening.. yet for sure, I never really want to personally get too cocky in regards to any kind of belief that I know where the BTC price is going in the short term.

This week's candle is closing in about 4.5 hours from the time of this post, and it has pretty good chances of being green, since the BTC price would have to go below $20,879 in order to turn it from green to red... so if this week's candle is green, then we have three weekly green candles in a row, and surely it would be nice to get to 4 or 5 or even more of those weekly green candles - in order to feel more and more warm and fuzzies and to continue to see bears getting reckt.. and surely all of that remains within realms of possibilities so long as none of us gets our hopes too high and start to play the game as if such further UPpity is guaranteed in any kind of way beyond perhaps 60% if we might want to place optimistic odds on it, and I am not even sure that I want to go that far in terms of my own placement of odds in terms of even getting to $25k in the next week or two... .while at the same time, we also know that things can escalate quickly, and it is not out of the question that we could get a face ripping (melting) reck of a daily green candle that is in the $10k territory.. we have not had one of those yet, but I think that we have conditions in which such a candle could happen.. and maybe those are less than 20% odds of such a thing happening in the coming week or two...  I would love to see something like that, even though the odds are not really high.. even when we have current conditions that could facilitate such a happening.

[ChartBuddy]

Explanation

[HI-TEC99]

well sideways in a 20.5 to 23.5 slot works for miners a lot better than sideways in a 15.5 to 17.5 slot.

My mining earnings are up.. And if we do do a really runup to 100k plus I will be ecstatic. since monthly earnings of the farm will also be an alltime high.

I would imagine that a lot of miners are still being hit with recent ATH's in difficulty..and looks like this upcoming period is not going to be any relief in that direction - yet sure perhaps some miners are profitable at these prices - and the miners who are getting punished are those who had overleveraged...

[MusaPk]

Love your job or profession but always keep this thing in mind.
You must always have time for your family and friends.
Have a nice new week.


Image from @msqueen_vee twitter.