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

[philipma1957]

Honestly all the Groundbreaking stuff and Inventions and all the good stuff made and used is Created in Europe or USA or Canada. So if UAE decides to do something with coins and blockchain it literally means nothing.

Good stuff and inventions are made all around the world and then are stolen by the US and their closest satellites. Now this is changing. Fast. Russia is putting an end to the neocolonial world order.

What would be really nice if this was actually true.

Until you see past the game laid out for us to be played you will merely be a cog in the machine.

[dragonvslinux]

Similar to previous fractal from last week, here is my short-term worst case scenario with mid-term best case scenario: $20K by end of month but $30K by June:

Those charts a big part of your life?

Probably not as much as you'd think. My trading account is still <1% since FTX crash, compared to the 10-15% when in bull market mode. So you could say I 99% don't care that much right now.

Fyi I'm more of a shitcoin trader for more satoshis than a bitcoin trader for more satoshis or fiat, but sometimes small opportunities present themselves. Also those shitcoin opportunities only realistically come around once every 4 years, much like getting cheap Bitcoin to be honest. I guess you'd know all about shitcoin opportunities with Litecoin and Dogecoin hehe.

Do you really think they help you calculate what will happen next?

Maybe, maybe not. They have in the past, doesn't mean they will in the future though. It's about 50/50, a coin flip you could say, but when they are right the targets are usually pretty accurate. The targets and risk to reward are the only points that really matters to me. I don't trade 2:1 risk reward ratios for break-even trading, only 3:1 min or more like 4:1. So being right 50% of the time is more than enough.

Or are they a way to cope because "the future is not ours to see Que Sera Sera"

You could call it that, sure. Short-term bearish to $20K doesn't inevitably mean long-term bearish to $10K basically. Instead turning 200 DMA and $20K into support would be very bullish imo. A lot of people are under the impression that rejection from $25K means new lows sub $15K. Or that returning to $20K would be bearish, whereas it really wouldn't be if it becomes a higher low.

Bottom line is I'm not of those longer-term bearish opinions, that's more of less the TA here. That and 2019 fractal that we followed for a few months is breaking down piece by piece. Ideally my TA helps to avert some panic selling if bears get the upper hand in coming days/weeks, that's probably my main priority if I'm honest, as I see another bear trap around $20K to be quite likely right now.

[philipma1957]

Similar to previous fractal from last week, here is my short-term worst case scenario with mid-term best case scenario: $20K by end of month but $30K by June:

Those charts a big part of your life?

Probably not as much as you'd think. My trading account is still <1% since FTX crash, compared to the 10-15% when in bull market mode. So you could say I 99% don't care that much right now.

Fyi I'm more of a shitcoin trader for more satoshis than a bitcoin trader for more satoshis or fiat, but sometimes small opportunities present themselves. Also those shitcoin opportunities only realistically come around once every 4 years, much like getting cheap Bitcoin to be honest. I guess you'd know all about shitcoin opportunities with Litecoin and Dogecoin hehe.

Do you really think they help you calculate what will happen next?

Maybe, maybe not. They have in the past, doesn't mean they will in the future though. It's about 50/50, a coin flip you could say, but when they are right the targets are usually pretty accurate. The targets and risk to reward are the only points that really matters to me. I don't trade 2:1 risk reward ratios for break-even trading, only 3:1 min or more like 4:1. So being right 50% of the time is more than enough.

Or are they a way to cope because "the future is not ours to see Que Sera Sera"

You could call it that, sure. Short-term bearish to $20K doesn't inevitably mean long-term bearish to $10K basically. Instead turning 200 DMA and $20K into support would be very bullish imo. A lot of people are under the impression that rejection from $25K means new lows sub $15K. Or that returning to $20K would be bearish, whereas it really wouldn't be if it becomes a higher low.

Bottom line is I'm not of those longer-term bearish opinions, that's more of less the TA here. That and 2019 fractal that we followed for a few months is breaking down piece by piece. Ideally my TA helps to avert some panic selling if bears get the upper hand in coming days/weeks, that's probably my main priority if I'm honest, as I see another bear trap around $20K to be quite likely right now.

yeah I see a dump to just under 20k.

I don’t bother with charts to see that.

I used to gamble on horse racing.

I could read very deeply into charts, but even with that ability I lost because the human factor ie jockey loses on purpose.

I feel charts for stocks are basically no different.










Buddy v Phil

buddy = 10
Phil    =  10

[ChartBuddy]

Explanation

[hisslyness]

I've overloaded these as well, I really didn't expect to use these UPS for anything else but the following...

1. Stay running for the occasional brownout.. Little flicker off and on.
2. approx. 5min of runtime during a blackout, then power off all servers if power isn't restored.
3. Filter AC power for Pure Sinewave (Hardware longevity)
4. Surge protection

It is a pain to work with them.. they are heavy and awkward because the are small with no handles... Pulling them out of a data rack is no easy task. So I did put this off for a few months. But today I was mentally prepared!

How many hours are they suppose to run if it is not 24/7? You can laugh at me if you want Any brands you recommend that are more durable then the usual ones that cause problems?

The UPS we are referring to, APC Smart-UPS, Line Interactive, 1500VA, is approx. 0.03386881BTC. It is my go to UPS of choice.. on 1,000W it will yield a runtime of 6mins...

Now, if you wanted 24 hours @ 1,000W....  1 x APC Symmetra LX 8kVA Scalable to 16kVA N+1, Tower 208/240V and 4 x APC SYMMETRA LX EXTENDED RUN TOWER W/9 SYBT5 , 208V, 2.32111771BTC

You need to take into consideration many factors when deciding how long you need your servers running in the unlikely event of a power outage.

Most people will think forever until the power comes back online. But in practice this isn't the case. What's the point of having your server running, when everything is offline.

If you do need your server online 24/7 it may be best to have it in a DC where there is backup generators.

APC has been my choice for many many years! I am lucky to have a client who imports their own line of Automotive/Marine/MotorCycle and SLA batteries here in Australia. So a replace battery is a third the price from APC.

[philipma1957]

So buddy you sold me some 22.3k dip.

I would like more dip please.

maybe a  21.5k serving.

[Gachapin]

https://twitter.com/streetcyber_art/status/1631428181973516288?s=46&t=1pkPzC1FtXIsCLMoTb1G1Q

I wonder who that girl was that plastered the art to the wall?

quite sexy in her skinnies isn't she ?

[lightfoot]

The UPS we are referring to, APC Smart-UPS, Line Interactive, 1500VA, is approx. 0.03386881BTC. It is my go to UPS of choice.. on 1,000W it will yield a runtime of 6mins...

Now, if you wanted 24 hours @ 1,000W....  1 x APC Symmetra LX 8kVA Scalable to 16kVA N+1, Tower 208/240V and 4 x APC SYMMETRA LX EXTENDED RUN TOWER W/9 SYBT5 , 208V, 2.32111771BTC

Or you could just chain a bunch of external batteries to the APC. I have 8 12-400 batteries wired into an older APC Smart UPS 1400 that can do 16 hours at 500 watts. More than enough to run the fridge, circulation pumps, lights, and some chargers.

Also these days your "emergency servers" can just be raspberry pi's with 1tb SSD cards. Those take like no power to run.

[philipma1957]

https://twitter.com/streetcyber_art/status/1631428181973516288?s=46&t=1pkPzC1FtXIsCLMoTb1G1Q

I wonder who that girl was that plastered the art to the wall?

quite sexy in her skinnies isn't she ?

Nice long legs. Nice hair. yeah pretty girl.

[AverageGlabella]

As soon as we had some positive news and positive direction we get hit by more negative news and the price looks like it could slip below $20000 again. I do not look at charts because I do not know how to read them and I think most of it is guessing from the speculato5rs but what caused us to slip down further after getting above $25000?

[philipma1957]

As soon as we had some positive news and positive direction we get hit by more negative news and the price looks like it could slip below $20000 again. I do not look at charts because I do not know how to read them and I think most of it is guessing from the speculato5rs but what caused us to slip down further after getting above $25000?

Short term news is inflation has not left us.
Ukraine 🇺🇦 vs Russia 🇷🇺 still going on.
Binance is to be questioned by US senate about shifting 1.8 billion in coins illegally.
Coinbase had an inside trader scandel


I can assure you interest rates will be good for at least a year.

And we are going to get the new I-Bond number which is at least 6%

The I-bond rates are brutal attack on all of crypto.

nov 2021 over 7%
april 2022 over 9%
nov 2022 near %
april 2023 over 6% is pretty much a done deal.

with proper understanding of how to buy these bonds you could have grabbed

15k in 2021
15k in 2022
15k in 2023

if the entire usa population was capable of maxing these bonds.

it could be 5 trillion a year or 15 trillion since rates got good.


This attack on crypto is not going to end.
Also as I have mentioned this is a great bailout for USA 🇺🇸 long term care industry.

they have gone from 3 trillion in dec 2021 to 3.5 trillion in dec 2022

and 40-55 percent chance of bankruptcy to a 30-35 percent chance of bankrupty

this is about 14 major companies that have accepted private payments for decades.

Genworth
John Hancock are two of the top 14 companies.

I follow them since my bro-in-law has them for his dementia.

[cygan]

[ChartBuddy]

Explanation

[xhomerx10]

https://twitter.com/streetcyber_art/status/1631428181973516288?s=46&t=1pkPzC1FtXIsCLMoTb1G1Q

I wonder who that girl was that plastered the art to the wall?

quite sexy in her skinnies isn't she ?

 https://twitter.com/streetcyber_art/status/1623271902474108929  Maybe... maybe

[Lainta]

BREAKING: First anime porn inscribed on #Bitcoin blockchain 🚨😱

https://twitter.com/BitcoinNewsCom/status/1631633485550047232?t=6waTrunGQUFWGmf_rxv-IQ&s=19

[Lucius]

Who says that BTC price drops are not good news for some

[philipma1957]

Who says that BTC price drops are not good news for some

Is that real ?

If so it is brilliant.

[nutildah]

Who says that BTC price drops are not good news for some

Is that real ?

If so it is brilliant.

https://www.snopes.com/fact-check/crypto-mcdonalds-billboard/

[philipma1957]

Who says that BTC price drops are not good news for some

Is that real ?

If so it is brilliant.

https://www.snopes.com/fact-check/crypto-mcdonalds-billboard/

To bad would have been nice.

McDonalds could do a good move by riffing a set of commercials.



Buddy v Phil

buddy = 12
Phil    =  15

[nutildah]

Too bad would have been nice.

McDonalds could do a good move by riffing a set of commercials.

Well you can buy a McRib NFT. Out of the 10 they gave away, only 1 is for sale, and its a bit pricey.



https://twitter.com/McDonalds/status/1455174998264586243