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

[xhomerx10]

https://www.theguardian.com/business/2023/mar/22/uk-inflation-rate-rises-price-rises-interest-rates

Ooooof, lucky it's just transitory

 Well now we know who didn't watch the video linked a couple of posts back - "Legarde was pranked by a fake Zelensky"

 Legarde: ...so the inflation that we had hoped would be transitory has continued much longer than thought and at a much higher level than expected...

 It's worth listening to the clip as fake Zelensky gets a lot of interesting information out of her.

Are the 70's coming back Who remembers this term "Stag-flation"


google search result below

"The stagflation of the 1970s, a combination of slow growth and rapidly rising prices, challenged prior assumptions, leading economists to examine the causes and policies that would end the stagnant period."

 Oh I remember that and I relished it!  I went to the bank with CA$100 CAD to change to USD for a trip and they gave me US$105 for it.  The US always had a much greater variety of goods for purchase than Canada and you had those "all you can eat" buffets too; even as a middle class Canuck, I felt like a rich kid going on vacation.

edit: just went there last week and I got less than US$72 for that same CA$100.  Also, the prices of pretty much everything are higher in the US without even taking the exchange rate into account.  I got soaked.
edit2: gasoline might have been slightly cheaper than here but it's hard to convert on the fly from US dollars per US gallon to Canadian dollars per liter

[ChartBuddy]

Explanation

[El duderino_]

[Rabata]

In an attempt to pump for a short period of time, many may be betting on bringing it within 90 days. Which can lead to bigger losses for investors. In such circumstances it is better to wait for a long time. I expect upside for Bitcoin but it should not be a matter of sudden fear. We may get that Fed news soon and some may laugh and some may cry after that.

In recent times many institutional investors have been shifting their money so there is still positive sentiment among investors. Tether has minted 5 billion USD in the last seven days. As far i know Bastion Trading transferred 230.4 million USDT to Binance in the last seven days. Which definitely gives us the green signal.

[ChartBuddy]

Explanation

[Torque]

https://www.theguardian.com/business/2023/mar/22/uk-inflation-rate-rises-price-rises-interest-rates

Ooooof, lucky it's just transitory

10.4% inflation.

"A complete shock."
"Totally unexpected."

How could this possibly happen with our safe pound handled by such professor geniuses such as Andrew Faily, Jeremy Cunt and Rishi Sputnik.

Ironically, my insurance payouts were upped by roughly 6% ("inflation compensation") for 2023.
Don't ask me how they calculated that number, i guess they just left energy and food prices out of the equation  
On the other hand, i'm really blessed to get regular money from the social system, at my age, at all.

EDIT: While the government's economic experts recently said it's very OK for everyone to work full time until the age of 80.  

I feel sad for the 70-something year old people you see at supermarket checkouts now even at times. Sure, that age range will probably only increase with evil insane policies being invented right now.

These people should be able to put their feet up.

But this is what you get with evil fiat pushers in charge.

I remember very distinctly when, right in the beginning of 2021 during the Covid bullshit, a major national grocery store near us scrapped all of their cashier lanes for self-check out lanes. _{(funny how they had those units ready to go right when the pandemic hit, huh? what perfect timing.)}

This grocery store employed mostly 50-65 year old cashiers for years and years.

I remember talking to one of them the week after the switch out, and they said, "No it's a good thing...contactless, faster checkout because people can bag their own groceries...plus our company promised we'd still all be able to keep our jobs."

And they were still there...for about a year. They would oversee/manage the self-checkout units instead of directly checking people out.

Now all those older employees are completely gone, replaced by clueless 20 year olds now.

I guess they can 'put their feet up' now, whether they wanted to or not.

"Keep our jobs, they said."  

[shahzadafzal]

Yes!



https://twitter.com/loveisbitcoin21/status/1638548105506222082?s=46&t=EYlgQnpcCaCtcz2k1MwkNg

[BitcoinBunny]

Lol, those fuckers. 

Moderna to Price Its Covid-19 Vaccine at $130 a Dose
https://www.wsj.com/articles/moderna-to-price-its-covid-19-vaccine-at-130-a-dose-d7f4a956

[BitcoinBunny]

Maybe if it had beautiful Bitcoin wallet keys as prizes. Not dirty fiat coins surely.

[El duderino_]

L’ittle p’ump

[bitcoinPsycho]

New yearly high go go go

[xhomerx10]

https://www.theguardian.com/business/2023/mar/22/uk-inflation-rate-rises-price-rises-interest-rates

Ooooof, lucky it's just transitory

10.4% inflation.

"A complete shock."
"Totally unexpected."

How could this possibly happen with our safe pound handled by such professor geniuses such as Andrew Faily, Jeremy Cunt and Rishi Sputnik.

Ironically, my insurance payouts were upped by roughly 6% ("inflation compensation") for 2023.
Don't ask me how they calculated that number, i guess they just left energy and food prices out of the equation  
On the other hand, i'm really blessed to get regular money from the social system, at my age, at all.

EDIT: While the government's economic experts recently said it's very OK for everyone to work full time until the age of 80.  

I feel sad for the 70-something year old people you see at supermarket checkouts now even at times. Sure, that age range will probably only increase with evil insane policies being invented right now.

These people should be able to put their feet up.

But this is what you get with evil fiat pushers in charge.

I remember very distinctly when, right in the beginning of 2021 during the Covid bullshit, a major national grocery store near us scrapped all of their cashier lanes for self-check out lanes. _{(funny how they had those units ready to go right when the pandemic hit, huh? what perfect timing.)}

This grocery store employed mostly 50-65 year old cashiers for years and years.

I remember talking to one of them the week after the switch out, and they said, "No it's a good thing...contactless, faster checkout because people can bag their own groceries...plus our company promised we'd still all be able to keep our jobs."

And they were still there...for about a year. They would oversee/manage the self-checkout units instead of directly checking people out.

Now all those older employees are completely gone, replaced by clueless 20 year olds now.

I guess they can 'put their feet up' now, whether they wanted to or not.

"Keep our jobs, they said."  

 I was in the middle of butt-fuck nowhere New York and I stopped at a Circle K for gas.  Being the only game in town, they had a little variety store going on with a few fresh fruits, ready-to-go foods and a quick-fry grill inside the shop so I decided to get a drink and some cheese curds for the road.  There were two older ladies standing by the cash register chatting but they directed me to a self-checkout device rather than ringing me up.  I didn't want to waste time learning how to use their machine since I would never be there again but they insisted I had to use it because it was "safer".  I said, "Safer than what?! Anyway, I only have cash." then they replied, "It takes cash too!"  While I was being shown how to use it, the lady explained it was "touchless" so that's what made it safer.  Funny, I don't remember ever being able to touch the cashiers but they were never actually referred to as "touchless".  Ah, technology.

[Hueristic]

Vietnam is sentencing corrupt bankers to death, by firing squad

source: https://theworld.org/stories/2014-04-03/vietnam-sentencing-corrupt-bankers-death-firing-squad


Vietnam knows how to deal with its real criminals...

There'd be no bankers left in the western world if we did that

I fail to see the issue.

Been keeping an eye on the blockchain recently and some of the fees people are paying are just stupid.

https://mempool.space/block/00000000000000000002fdd66d936a647b515255f947eba8931129136080b5ef?showDetails=false&view=actual#block

One transaction from this paid 4288 sat/vB in fees others are paying over $700 in fees at 100sat/vB. Both stupid even with the somewhat elevated fees right now.

Just for fun I had one sent to me last week @

Code:

Fee	495 sat $0.14
Fee rate	4.52 sat/vB   Optimal

to see how long it would take and it took about 2 days.

https://mempool.space/tx/35d2db1555eae6612ff44a813877056bbd54ead963c822a25a677ea6ff10b637#flow=&vout=0

When I see ridiculous fees I think its someone spending someone else's money.

@philipma1957  Hey, what do you set your minRelayTxFee at these days or just leave it default?

[ChartBuddy]

Explanation

[dragonvslinux]

Price has broken above $28,550 short-term resistance level. $29K incoming by looks of it, maybe even a quick pump to $30K?

Very much testing previous support from May 2022 after quickly moving through the volume gap from $25K as expected...

Time to see if $30K will become new resistance, or whether it'll cut through like knife through butter similar to 2019 at $6K.

(Also similar to breaking above $300 in 2015 based on moving above the 50 Week MA as highlighted below)

My only scepticism is thinking this is the pre-FOMC pump, prior to the FOMC dump in the short-term

(Also known as "buy the rumour sell the news")


That said, if it looks like a bull market and moves like a bull market, it's probably just a bull market:

[Orpichukwu]

Price has broken above $28,550 short-term resistance level. $29K incoming by looks of it, maybe even a quick pump to $30K?

Very much testing previous support from May 2022 after quickly moving through the volume gap from $25K as expected...

Time to see if $30K will become new resistance, or whether it'll cut through like knife through butter similar to 2019 at $6K.

(Also similar to breaking above $300 in 2015 based on moving above the 50 Week MA as highlighted below)

My only scepticism is thinking this is the pre-FOMC pump, prior to the FOMC dump in the short-term

(Also known as "buy the rumour sell the news")


That said, if it looks like a bull market and moves like a bull market, it's probably just a bull market:

Hopefully, we are probably going to see 30k in the next  coming days. the resistance is strong, from the chart I can possibly see 30k already achieved. 

[ChartBuddy]

Explanation

[Jerry$22]

I love bitcoin
https://i.ibb.co/k8HM3Dp/Screenshot-20230320-185910.jpg

[El duderino_]

2023, all yearly high
Fundamentals reflecting
But not hard enough.

One u s dollar
Equals one Satoshi
Happens when, not if.

[ChartBuddy]

Explanation