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

[Biodom]

I'm pretty clueless when it comes to this stuff.  But I heard something about filling the gaps...

yea, with two caveats:
1. I am not sure how relevant is a CME gap for an asset that trades 24/7/365. Seems like something a bit artificial.
2. The order of gap filling (if it happens) is unknowable...maybe the one around 29K would be first (more likely) or, perhaps, the one at around 20.3K would be first; personally, I prefer lower gaps to fill first because 29K to 20K is a more daunting sequence of events.

For giggles, here are TSLA unfilled gaps: some around $43, some around $76 and $82 (all three made when going up). The gap at $262 (going downward) did not get filled yet as well.
https://www.thestreet.com/investing/stocks/5-unfilled-gaps-in-tesla-tsla-s-chart

Point 1 is the most relevant imo. Unlike S&P500 or other assets, Bitcoin doesn't "officially" have any gaps in trading. This has never happened and isn't possible. If a futures market creates gaps then this is a different story entirely. Point 2 is also highly relevant, if we're going to talk about filling gaps. Point 3: there are also gaps around $36K and $53K. Around that time many speculated that they would be filled "because they always get filled", but they didn't. Then they forgot about these gaps and focused instead on newer gaps. There's currently 5 "gaps" right now, 2 below* and 3 above.

Clearly price isn't drawn to filling them, otherwise there wouldn't be 5 of them!

*There's still a gap under $10K, good chance it will never be filled.

Now imagine waiting for price to fill the $10K when price is at $12K, then instead it goes to $60K, only to create another gap around $50K to $45K.

I am selling a bit if we fill the 53K gap soonish.

[Gachapin]

I'm pretty clueless when it comes to this stuff.  But I heard something about filling the gaps...

https://twitter.com/TXMCtrades/status/1636718398120894467

yea, with two caveats:
1. I am not sure how relevant is a CME gap for an asset that trades 24/7/365. Seems like something a bit artificial.
2. The order of gap filling (if it happens) is unknowable...maybe the one around 29K would be first (more likely) or, perhaps, the one at around 20.3K would be first; personally, I prefer lower gaps to fill first because 29K to 20K is a more daunting sequence of events.

For giggles, here are TSLA unfilled gaps: some around $43, some around $76 and $82 (all three made when going up). The gap at $262 (going downward) did not get filled yet as well.
https://www.thestreet.com/investing/stocks/5-unfilled-gaps-in-tesla-tsla-s-chart

thanks for the explanation!

[cygan]

https://twitter.com/LilMoonLambo/status/1636454230780157978

[jojo69]

[becoin]

I would prefer the situation being less frenetic....banks slowly declining over long period of time and bitcoin rising would be my preference.

Slow decline is not possible. As Max Keiser observes, "You can't taper a Ponzi scheme." You can only turn off the tap and let it collapse, or watch the parasite consume its food source and perish of its own accord.

[ChartBuddy]

Explanation

[sirazimuth]

Jeezus!
For a second there, I thought Rachel was the Princess of Wales who got a boob job to do some booby bobbin...
That would have surely boosted her popularity amongst all those royalty haters...perhaps, perhaps?

GO BITCOIN




Oh sweet!  Ima buddy bobbin booby sarny...

[ChartBuddy]

Explanation

[JimboToronto]

Nice green walls.

[Hyperjacked]

We are on our way to 30k$
Can’t believe I had three monster calls in a row…just holding now because I know I mess it up eventually.
Bought at 17k$ sold at 24k$ bought at 21,600 & 22k$
Onward and upward … 😝


Sitting at 26,900$

[bitcoinPsycho]

Up boom

[Hyperjacked]

This didn’t age well for Cramer …Bitcoin did great over the past month and his bank stock …OUCH ! 😝
Always do the opposite ….

https://www.youtube.com/watch?v=Y0nglXqT08k

[BitcoinBunny]

27K. Woohoo.



Sad to hear this. Was looking forward to John Wick 4.
This dude really helped to sell the mysterious cool atmosphere in those films.
RIP
Lance Reddick: The Wire and John Wick actor dies aged 60
https://news.sky.com/story/lance-reddick-the-wire-and-john-wick-actor-dies-aged-60-12836592

[LFC_Bitcoin]

$27,156

[ChartBuddy]

Explanation

[d_eddie]

Sad to hear this. Was looking forward to John Wick 4.
This dude really helped to sell the mysterious cool atmosphere in those films.
RIP
Lance Reddick: The Wire and John Wick actor dies aged 60
https://news.sky.com/story/lance-reddick-the-wire-and-john-wick-actor-dies-aged-60-12836592

Bosch is/was a great show on all fronts: top plot, script, acting. That's where I liked Lance Reddick more than anywhere else. He was the half-onest wannabe mayor police chief.

[UdtaParinda1]

Despite bitcoin "liking" the current crisis (as far as it's price is concerned), I would prefer the situation being less frenetic....banks slowly declining over long period of time and bitcoin rising would be my preference.
When there is more chaos, collateral damage can occur and gov is prone to some sudden moves as well.
Yesterday pundits were saying the mini-crisis "is over". Today it looks a bit different.
Who knows what the actual situation is.

Certainly enjoying the btc pump  

Maximum of Us are enjoying this and we deserve that as whoever was patient and still calm is going to enjoy it better. But i am a little worried about this as US is printing USD blindly and maximum of the Countries under IMF and other Debts are using USD as their reserve even some strong natation's a few year back and still using USD as reserve which is alarming. I am damn sure the current and future economic crisis reason is using USD as reserve and for the International trades. USD recognized as the Universal currency haha which is i think the most stupid thing ever happened but time to change it but now its too late maximum of the countries lost a lot still if they want to grow and start a new journey they need to change their reserve policy and tradition economic policies.

[ChartBuddy]

Explanation

[El duderino_]

site host free

Bull market starting
Toilet and being drunk AF
Few understand this

#Haiku attempt

[LFC_Bitcoin]

site host free

Bull market starting
Toilet and being drunk AF
Few understand this

#Haiku attempt

Haha, bull market times.

Only the OG’s will remember this. When the green candles are pumping, so is the dude.