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

[psycodad]

...

Well, I found out why the blockchain is clogged up with so many UTXOs that otherwise seem to have no function...  Ordinals/inscriptions.  Examples (these two aren't bad, but a lot of stupid stuff being posted):

https://ordinals.com/inscription/625d1f451777031065aaf1530ec7aecf5e4885f3b0c06b9fc5dbbc6aaf439d0di0  <== Bill Gates soon?

https://ordinals.com/inscription/fdad3bc7513e5522e3fbf69f5c03085df489fc7e27881c7ba64f7cadc5c6dccci0  <== a newspaper headline

https://ordinals.com/inscriptions  <== inscriptions explorer


I would (likely) be against ordinal inscriptions, as they do seem to slow things down, and Bitcoin's blockchain's best and highest value is for moving money.  IMO.


Edited for errors, geez that took a while...

I had to deposit some corn into Kraken yesterday. Was scared from what I saw on https://jochen-hoenicke.de/queue/.
At the end I paid a fee of ~$0.35 (@ 7sat/vb) to move ~0.2 BTC within 15minutes.
IMO this whole ordinal crap just lifted the base fee from 1sat/vb to 5-10sat/vb which is still incredibly cheap for what it is.
Me thinks it looks like the whole fee-market-mechanic built into Bitcoin is working as intended.

Even if mempool is having a huge queue right now, it is almost exclusively 1sat/vb transactions, pay a little more and things are as fine as they were before ordinals came along.

<thisisfine.jpg>

[ChartBuddy]

Explanation

[dragonvslinux]

Very much at the Weekly death cross now. Price has reclaimed $24K with a ~10% engulfing candle after 3 weeeks of consolidation meaning there is plenty of room to the upside if $25K breaks. Price isn't even overbought on Daily time-frame like it was for around 3 weeks last month. This is where many think price will get heavily rejected, like previously at $24K, but I'm not one of those people.

For starters, the 200 Week MA is trending upwards still, so shouldn't act as resistance. Not forgetting that it failed to act as support on the way down or resistance after a re-test given it was reclaimed for a few weeks back in August. Really it's only about the 50 Week MA that's trending downwards in bearish formation. Like 2019, it may hold back price for a week or so but with momentum isn't as difficult to break as many assume.



Confirmation for the rounding bottom confirms above $25K with a +50% move to around $37.5K imo with price back on the 2019 track for another parabolic move to the upside.



Still waiting for many bears to flip bullish again. They are all convinced that $25K will hold as resistance. If it doesn't, they'll be buying back between $25K and $30K and finally admit they were wrong.

Like Capo: https://twitter.com/easyeight08/status/1623715156571168768

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[d_eddie]

Buddy stops here.

[ChartBuddy]

Explanation

[BountyProgram]

Bitcoin go ahead🎢

[hisslyness]

mempool seems to be dropping.. those extra miners philipma1957 switched on worked! we are currently 11% ahead of schedule!!

Seems those stupid ordinals are filling up the blocks. Check block #776844. Fee range from 1,000,000SAT to 1,800,000SAT or $244.00 - $440.00USD

Play silly games you get silly prizes!

[psycodad]

Funny, an amateur radio balloon went missing/dark between Alaska and Canada last week:

..
There is speculation that at least one of the objects shot down over Canada, Yukon by a US Air Force jet may have been amateur radio pico balloon K9YO-15 which was launched from Illinois on October 10 2022. It was on it's seventh circumnavigation of the globe after being aloft for 123 days.
..

The highly sophisticated spy gears were like this (oversimplified schematics ofc):



That's pretty literally shooting sparrows with cannons.

[Torque]

R.I.P.

Raquel Welch



I remember her in 1,000,000 B.C.

like it was yesterday.

trailer for the movie below

https://www.youtube.com/watch?v=gSYmJur0Npw

 I can't believe it.  She always looked so much younger than her age that I thought she'd live to be 100.

If you look at photos of her online from the last 2 years, it looks like time miraculously caught up with her. Something really strange happened there.

She will always be remembered as the bombshell though.

[ChartBuddy]

Explanation

[El duderino_]

Hey……. Pssss….

[JimboToronto]

Good morning Bitcoinland.

I see another AYH. How pleasant.

$25k soon?

Edit: That didn't take long.

[dragonvslinux]

Good morning Bitcoinland.

I see another AYH. How pleasant.

$25k soon?

Looking at Coinbase, has already been claimed

[ChartBuddy]

Explanation

[OROBTC]

...

Just when The Dude showed the green candle, BTC crosses $25,000.  Go BTC, go!

[bullrun2024bro]

BREAKING: BITCOIN 25K!  

[ivomm]

23K!

25K!