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

[bitcoinPsycho]

The market looks like it really wants to close the head and shoulders pattern and send us back to $20K according to the chart. I’m impressed with all the buying that seems to be fighting it but I wonder if the buyers will be able to stop the pattern from completing. From what I’m reading, most of the buying is coming from big banks, which seems unusual timing given the credit crunch they are experiencing.

I have been reading many charts

Head shoulders 20k
Cup handle 50k

Those patterns are really noise imo

We should be at +40k for my thinking and will get there, I guess even not that long …. We will see what the coin is gonna bring …

Give me a tits and arse pattern all day long

[1714207604]

1714207604

[1714207604]

1714207604

[1714207604]

1714207604

[bitcoinPsycho]

Alex Jones had a sex change?

[Hueristic]

Alex Jones had a sex change?

He's a bitch now, filed for Bankruptcy.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

The news of Blackrock buying a ton of BTC had me thinking we’re near the bottom for now, but it appears they are going to file for the right to launch an ETF. Not sure why this one would be approved when others have failed for a decade, but with all of Blackrock’s connections and money, I doubt they’d do this unless they already knew they’d get approved. Bullish as bullish gets on those long term prospects.

[d_eddie]

The news of Blackrock buying a ton of BTC had me thinking we’re near the bottom for now, but it appears they are going to file for the right to launch an ETF. Not sure why this one would be approved when others have failed for a decade,

Maybe because the Tooth Fairy has told Gensler to lay off a bit?

However it is, Blackrock must be buying through the most covert OTC channels. Price took a dive and looks very indecisive where it is.

[WatChe]

OT:
Good news. Mum is going to rehab next week. I was fighting hard for that, the usual waiting time is around 8 weeks  
Another week of mommysitting to go. Rehab relapse quote is a ittle under 90%. We'll see how this will go out., it's a one time opportunity, next time she be touching the bottles, she's going to be fucked up. Giving her 300mg of Benfothiamine daily, which should resolve dementia and imbalance in a few days *fingers crossed*

Drink responsibly, fuck sleeping pills (Z's) and Benzos.

I just read few of your old posts to get an idea of what your mom is undergoing.
Its good to hear that your mom is recovering from side effects of excessive use of alcohol and anxiety reducing pills. Hope she was on time to quit these things.
How precious is health, we only came to know once it start deteriorating.
Take good care of you mom, as she took care of you when you were a kid.
May God bless her with good health. 

[Mihaylovic]

https://twitter.com/CelsiansNetwork/status/1669289468489084930?s=20

"Celsius will be selling all altcoins from all customers (except Custody and Withhold accounts) starting July 1st and will be converting them into Bitcoin and Ethereum."

Rip shitcoins. BTC is the king.  

[ivomm]

BlackRock Close to Filing For Bitcoin ETF Application.

Loading bags --> buy's MSTR shares --> launch ETF --> dump @$200k on retail n00bs buying the top.

What definitely catches the eye is the following text :

It wasn't clear if the ETF will be spot or futures. BlackRock did not immediately respond to requests for comment.
To date, the Securities and Exchange Commission (SEC), which oversees ETFs in the U.S., has rejected every application for a spot bitcoin ETF, though it has approved several bitcoin futures ETFs for trading.

In other words, if it's another futures ETF, I don't see it making any significant difference considering all those who already do business in the U.S. Besides, the SEC is on the war foot and somehow it doesn't seem to me that they would approve the first spot ETF BTC, although maybe it's a matter of timing considering that the deadline in which the SEC gives its finally thought is even 240 days from filling.

Note that "BlackRock will be using Coinbase (COIN) Custody". This means that the ETF (futures like Bakkt, or spot ETF) will be with the purchases of real coins.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[El duderino_]

Filling one is a start
Getting approved is another thing

How likely would it be…. ?

[Stavri]

BTC.D is raising. Stay safe shitcoiners  Buy BTC and enjoy!

[Biodom]

BTC.D is raising. Stay safe shitcoiners   Buy BTC and enjoy!

funny that...only in a hurricane wind, maybe...otherwise, not supported by the laws of physics, albeit needed to 'push' forward/dunk a bit to counteract the movement of air.
Since the figurine was stable initially, it means that the force of gravity+friction was enough for it not to fly away in the initial position (against the upcoming air rush).

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Stavri]

BTC.D is raising. Stay safe shitcoiners   Buy BTC and enjoy!

funny that...only in a hurricane wind, maybe...otherwise, not supported by the laws of physics, albeit needed to 'push' forward/dunk a bit to counteract the movement of air.
Since the figurine was stable initially, it means that the force of gravity+friction was enough for it not to fly away in the initial position (against the upcoming air rush).

the general laws of physics do not work here in crypto ecosystem

[Gachapin]

BlackRock Close to Filing For Bitcoin ETF Application.

Loading bags --> buy's MSTR shares --> launch ETF --> dump @$200k on retail n00bs buying the top.

It wasn't clear if the ETF will be spot or futures. BlackRock did not immediately respond to requests for comment.

  (Lucius beat me to it)



or maybe this:

...
EOY ETF and ATH

[Biodom]

or maybe this:

...
EOY ETF and ATH

I wouldn't mind it....at all.

From James (InvestAnswers):

https://youtu.be/n68S0741wW4?t=1581

TL;DR Claims that there could be ONLY 416 thou wholecoiners (watch the whole vid to see how he arrives at that number).
Only 3.38% millionaires can get a whole (one) bitcoin by 2026 (assuming that there will be 100mil millionaires by 2026) or 0.141 btc/millionaire.
Sounds impossible? Follow earlier points in the vid.

[ivomm]

Filling one is a start
Getting approved is another thing

How likely would it be…. ?

I have some doubts right now that Gary is waging war not only against shitcoins but also against Bitcoin, albeit stealthily. Certainly, as a representative of the government, he hates Bitcoin, which threatens the status of the dollar as the world's reserve currency, as well as bank deposits. He is certainly supported by most bankers, congressmen, feds, etc. It is not about the so-called regulations he is so concerned about. These regulations are nothing, dust in the eyes of the people. They just boil down to signing documents when buying an asset that you are aware of the risks.

So it is unlikely to allow spot ETFs in principle. But if Gary gets fired or if a pro-Bitcoin president comes in, things will change very quickly. There's another scenario when the ETF is approved even if those things don't happen. Since Grayscale is suing SEC because the same article allows ETFs for futures but not for spot, it is very likely that this case will be won. Even if the court does not oblige the SEC to recognize the ETF, then in the next application, they will not have a legal reason to refuse, especially if it is a futures with a spot element, such as bakkt.

And there is always the factor that Blackrock is not just another small company, but the largest asset company in the world! Who wants to make it his enemy?! And to hint that they are incapable of handling the ETF?!

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OutOfMemory]

OT:
Good news. Mum is going to rehab next week. I was fighting hard for that, the usual waiting time is around 8 weeks  
Another week of mommysitting to go. Rehab relapse quote is a ittle under 90%. We'll see how this will go out., it's a one time opportunity, next time she be touching the bottles, she's going to be fucked up. Giving her 300mg of Benfothiamine daily, which should resolve dementia and imbalance in a few days *fingers crossed*

Drink responsibly, fuck sleeping pills (Z's) and Benzos.

I just read few of your old posts to get an idea of what your mom is undergoing.
Its good to hear that your mom is recovering from side effects of excessive use of alcohol and anxiety reducing pills. Hope she was on time to quit these things.
How precious is health, we only came to know once it start deteriorating.
Take good care of you mom, as she took care of you when you were a kid.
May God bless her with good health.  

Uh, oh... in fact she didn't. I was more or less in the way of her working career, practically spent three quarters of time at home with my grandparents, got kicked out at 17, because i didn't meet her expectations. She always had troubles raising me, i got beaten up a lot of times and my father was a workaholic and rarely at home, so he couldn't help me either.
On the other hand, i was practically born altruistic, i had to learn to hate people for reasons but i never really got used to it, it just felt bad at all times.
Still, i am not emotionally bound to my mother, as most people are, which keeps me away from experiencing all that drama while i'm still able to help her. Why? Because i feel sorry for her. He dedicated her life to her career, she never learned to love and accept herself. When my father died, i overtook a part of his role because she was lost, that's my other motivation. Dismissed my 2/3 of inheritance for her, i didn't need another house, but she took her part in building it together with my dad, so who would i be to take it from her?

And yeah... that would have fucked up my karma completely, too.

Sometimes i caught myself thinking that it would be better for her to die. I don't mean it in a hateful way at all, but as a good wish for her to end her miserable life, in which she got stuck since a dozen of years now.

EDIT: Forgot to thank you for your wishes. I'd also love to see her experiencing the joy of life again.