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

[ChartBuddy]

Explanation
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[ChartBuddy]

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[cygan]

✂

[ChartBuddy]

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[slowlyslowly]

OK my turn to post from Twitter



Sauce

Binance is just a more advanced Mt Gox. Doing things they either knowingly or being deliberately blind to that at some point implode in some way (here intervention by the law).

The sooner all these distractions are gone or are laughed at the sooner new entrants to bitcoin will be able to see nothing is properly founded incl the non gold linked usd except for bitcoin. In fact with usd no longer tied to gold bitcoin is as good if not better founded.

As for price it should not effect things in the wider sense of bitcoin being in a sort of $20to 40k wait and see period. The next big push is proably the havening though personally I think once it goes past the old ath it should be even more attractive as at that mark everyone that has ever bought bitcoin at any time for any price is in the black. That is quite remarkable and shows potential entrants that hodl has been very to owners and no reason it will not be good for them. Get the choo choos back on the track

[ChartBuddy]

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[HI-TEC99]

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[STT]

I'm starting the believe that the more RnD money you lose as a Tech company, the more profitable you actually become.

Its a loss leader for sure, I agree with this point of view but its not like we havent seen this before and it can be a success if they are moving towards mainstream at all.   Theres plenty of rich people out there or those who will borrow to buy something unique, make it Apple and you add a legion of fans of which Iam not one but I do understand their customer loyalty is off the charts compared to most brands.   Main concern is that unique product and also to be ahead of the crowd, if they get yet another product that has a large share of a growing market then its a success.  They carve out a profit later from that foothold they garner by acting now.

BTC to meet 24k I think before we can judge its performance vs the 200 week average, it should rebound above but the MA itself is not support.  The closing prices of last summer is where I think it should hit and bounce.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[somac.]

I'm starting the believe that the more RnD money you lose as a Tech company, the more profitable you actually become.

Its a loss leader for sure, I agree with this point of view but its not like we havent seen this before and it can be a success if they are moving towards mainstream at all.   Theres plenty of rich people out there or those who will borrow to buy something unique, make it Apple and you add a legion of fans of which Iam not one but I do understand their customer loyalty is off the charts compared to most brands.   Main concern is that unique product and also to be ahead of the crowd, if they get yet another product that has a large share of a growing market then its a success.  They carve out a profit later from that foothold they garner by acting now.

BTC to meet 24k I think before we can judge its performance vs the 200 week average, it should rebound above but the MA itself is not support.  The closing prices of last summer is where I think it should hit and bounce.

I'm thinking lower 23 high 22. Will be a great buying opportunity.

[El duderino_]

Do not overthink…..

[ChartBuddy]

Explanation
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[ChartBuddy]

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[ChartBuddy]

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[FinePoine0]

willy woo:  about June Bitcoin price wants to Rip if the signal goes away.
Bitcoin experts say a massive following points to Bitcoin exploding this June.

Summer months are usually bearish but every June has been bullish during the recovery phase.  We are in a place where there is a breeze to tear up Bitcoin in June.  But for now we stand here

https://dailyhodl.com/2023/06/05/willy-woo-says-bitcoin-btc-could-be-ready-to-rip-in-june-if-signal-plays-out-heres-his-outlook/

BTC price will explode and this is our biggest opportunity to invest in Bitcoin. Invest in deep/FUD markets very quickly.

[El duderino_]

Another day another FUD

We digest

[OgNasty]

I’m glad to see the price seemingly holding at $25K. The charts look like we should be dropping straight to $20K, so I think the fact that we haven’t on this latest Binance news is a good sign. I’m still not convinced we won’t see the head and shoulders pattern complete and take us to $20K, but it seems to be so far so good at the moment.

[ChartBuddy]

Explanation
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[Hueristic]

Good point.
But, I am gambling virtual profits from buying later instead of now. Sure, Bitcoin could go up. I would lose out on a bit of coin. But past history has show that during corrections, FUD has an amplifying effect on the price dip. This is just short term speculation. Worst case scenario, price goes up instead of going down. I stop limit at 1/3rd of the Binance FUD candle. Still not bad. Either way I make more coins from the FUD because the Bitcoin is undervalued by pure speculation (how long does that last?). Thats how I see it, at least...

Who would ever go 80x, I wonder?