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

[ChartBuddy]

Explanation

[1714501966]

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[1714501966]

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[1714501966]

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[Learn Bitcoin]

https://twitter.com/WalkerAmerica/status/1636042419396550657

[Gachapin]

if we went by last cycle's performance and its ratios, price would hit 45k by June and after that stay between 45k and 25k for another 16 months..

I did the calculation based on % retrace and it's more like $50K/$52K with a general target of $48.5K, for now at least (based on 2023 low to ATH)
Ignoring the % retrace another 4.4x move from the lows (like in 2019) would actually be more like $69K.
Hence I prefer the calculation of retracing around 62% from ATH, rather than 100%.

Sorry I was a bit inaccurate with my numbers, when writing 25k and 45k, because of their psychological impact.


What I did (approximately):

last cycle highest retrace, to 69% of the ATH in June 2019 (approx. 13.8k)  --> corresponds with 47.6k this cycle

then 16 months price-wise between that and 1/3 of the ATH (approx. 6.3k) --> corresponds with 47.6k and 22.8k this cycle

(I left out the black swan covid crash)


So 25k-45k by my rule of thumb...  
As someone said before, I also don't think it makes much sense to be too exact when comparing the cycles. Especially in Bitcoin, which is a very special animal

But thanks for your work. I appreciate it every time!

and.. I can certainly live with 50k  

[BitcoinBunny]

Running a scamming fiat banking organisation, being involved in numerous scandals and illegal activity, running your business into the ground:

"Hey lovely man, do you need $54 billion?! Here you go, lovely man."  

-----

Selling some chocolate and placing a drawing of a mountain of your country on the packaging:

"Hey stop that! You are a bad, bad man, do it again and we throw you in jail! Comply immediately! Comply!"  

It's Tobler-GONE: First Toblerone bars go on sale without iconic Matterhorn image to comply with Swiss law
https://www.dailymail.co.uk/news/article-11868485/First-Toblerone-bars-sale-without-iconic-Matterhorn-image-comply-Swiss-law.html

[ChartBuddy]

Explanation

[d_eddie]

Running a scamming fiat banking organisation, being involved in numerous scandals and illegal activity, running your business into the ground:

"Hey lovely man, do you need $54 billion?! Here you go, lovely man."  

-----

Selling some chocolate and placing a drawing of a mountain of your country on the packaging:

"Hey stop that! You are a bad, bad man, do it again and we throw you in jail! Comply immediately! Comply!"  

It's Tobler-GONE: First Toblerone bars go on sale without iconic Matterhorn image to comply with Swiss law
https://www.dailymail.co.uk/news/article-11868485/First-Toblerone-bars-sale-without-iconic-Matterhorn-image-comply-Swiss-law.html

At least, the mountain's still there and is not going anywhere (nuclear armageddon aside).
Imagine if Toblerone featured some different image - say, like the Credit Suisse logo.

[HI-TEC99]

...

Selling some chocolate and placing a drawing of a mountain of your country on the packaging:

"Hey stop that! You are a bad, bad man, do it again and we throw you in jail! Comply immediately! Comply!"  

It's Tobler-GONE: First Toblerone bars go on sale without iconic Matterhorn image to comply with Swiss law
https://www.dailymail.co.uk/news/article-11868485/First-Toblerone-bars-sale-without-iconic-Matterhorn-image-comply-Swiss-law.html

So selling this chocolate with the iconic Matterhorn image on its packaging isn't allowed anymore?

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[cygan]

now again after the tv tower another object was illuminated with a huge Bitcoin logo


https://twitter.com/Bitman_bob/status/1636102699325218816

and the whole thing came out of this moving head:

[Lainta]

https://twitter.com/BitcoinNewsCom/status/1636414659468181527?t=m3LWT-55jTgx2QNKqWG16w&s=19

[Hyperjacked]

“Bump and run reversal” pattern with a 100k$ target price!    
“Textbook perfect”



https://cointelegraph.com/news/bitcoin-to-100k-next-analyst-eyes-textbook-perfect-btc-price-move  

[ChartBuddy]

Explanation

[eXPHorizon]

now again after the tv tower another object was illuminated with a huge Bitcoin logo


https://twitter.com/Bitman_bob/status/1636102699325218816

and the whole thing came out of this moving head:

I can do marketing so much better id make the btc world wow from the effect and sophistication of the effort. But am i ? For Millions of € ofcourse 😉 or should i say a few Beetkojjnas 😆

[ChartBuddy]

Explanation

[Richy_T]

Hmm. ACH delays at coinbase.

Not Sure abut the reason ??

They never said. Seems to be OK now.

[Richy_T]

https://twitter.com/BitcoinNewsCom/status/1636414659468181527?t=m3LWT-55jTgx2QNKqWG16w&s=19

I wonder if I'll be able to sue the local Chinese restaurant. Their fortune cookies were advertising FTX.

[fillippone]

Did someone noticed that?




Wait, what? The FED was doing a Quantitative Tightening!

Well, actually, it's in "Stealth QE" mode!

Fed Balance Sheet Explodes By $300BN As Bank Bailouts Lead To Record Discount Window Surge

They pushed the infamous  Bank Term Funding Program (nobody wants to use it because of a stigma effect associated with the liquidity drawn from such a facility), but the discount window was actually very successful last week:


They offered 4 weeks worth of tightening in a single auction.

[ChartBuddy]

Explanation

[Biodom]

AI artwork corresponding to "salmon swimming in the river":

https://twitter.com/lndian_Bronson/status/1636213844140851203

hmmmm...not there yet, sorry.

btw, anyone knows where those 2 tril in the new "facility" are coming from, seriously?
I hope it is not our pockets, eventually.