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

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

Will Fed raise rates in July?
BENGALURU, July 19 (Reuters) - The U.S. Federal Reserve will raise its benchmark overnight interest rate by 25 basis points to the 5.25%-5.50% range on July 26, according to all 106 economists polled by Reuters, with a majority still saying that will be the last increase of the current tightening cycle.

https://www.reuters.com/markets/us/feds-last-rate-hike-coming-july-meeting-economists-say-2023-07-19


So this chart is either a bart or a stepping stone to 35K




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I am hoping to see 33-35k by Monday Aug 1

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Out of mind]

Will Fed raise rates in July?
BENGALURU, July 19 (Reuters) - The U.S. Federal Reserve will raise its benchmark overnight interest rate by 25 basis points to the 5.25%-5.50% range on July 26, according to all 106 economists polled by Reuters, with a majority still saying that will be the last increase of the current tightening cycle.

https://www.reuters.com/markets/us/feds-last-rate-hike-coming-july-meeting-economists-say-2023-07-19


So this chart is either a bart or a stepping stone to 35K




.









I am hoping to see 33-35k by Monday Aug 1

So far we can see that the Bitcoin market is doing well.
At the moment though the market is starting to pump again...
The market is currently at $29339!
$29339 to $30000 We might see it soon...!!

I believe Aug 1 $33k-$35k It is possible to go..!!

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

This does not mean buy a pow shitcoin . But mining any profitable pow and trading it for btc is fine.  edit then hold the BTC

Yes.. .

rationalize that you are "doing the right thing."

 

[edited out]

On another note, I need you to divert more hash power! I still have TX stuck from 2 month ago!

As far as I can see, setting your fees below 5 satoshis per vbyte has not been going through in the last couple of months.. at least not so far.  Sometimes, mistakes are made, and I had some transactions that I set at 4 or 5 satoshis per vbyte a few months ago, and then ones that I sent only a month or so ago, I set somewhere between 10 and 15 satoshis per vbyte, and some of those took some time to go through too.. I believe I had a couple of transactions at around 12 satoshis per vbyte that took a couple of weeks, and for a while I was starting to get worried that I was being too greedy when I had set them up that way, and I should have just made the fees higher at the time that I had set them.. .. but they did end up going through.

Nice Cup And Handle Pattern:

https://twitter.com/rovercrc/status/1683455488925499393/photo/1

What does it mean?

[hisslyness]

As far as I can see, setting your fees below 5 satoshis per vbyte has not been going through in the last couple of months.. at least not so far.  Sometimes, mistakes are made, and I had some transactions that I set at 4 or 5 satoshis per vbyte a few months ago, and then ones that I sent only a month or so ago, I set somewhere between 10 and 15 satoshis per vbyte, and some of those took some time to go through too.. I believe I had a couple of transactions at around 12 satoshis per vbyte that took a couple of weeks, and for a while I was starting to get worried that I was being too greedy when I had set them up that way, and I should have just made the fees higher at the time that I had set them.. .. but they did end up going through.

Yeah they were on the last few hours of when the mempool was ZERO! and i was getting away with 1sat/vByte... They were new lightning channels, but just like that, the mempool exploded and from what i can see, irrelevant transaction.. like 100,000 TX of 330sats.

I am going to wait it out!.. wasn't game enough to try RBF yet....

[Learn Bitcoin]

As far as I can see, setting your fees below 5 satoshis per vbyte has not been going through in the last couple of months.. at least not so far.  Sometimes, mistakes are made, and I had some transactions that I set at 4 or 5 satoshis per vbyte a few months ago, and then ones that I sent only a month or so ago, I set somewhere between 10 and 15 satoshis per vbyte, and some of those took some time to go through too.. I believe I had a couple of transactions at around 12 satoshis per vbyte that took a couple of weeks, and for a while I was starting to get worried that I was being too greedy when I had set them up that way, and I should have just made the fees higher at the time that I had set them.. .. but they did end up going through.

I am wondering what wallet you are using. Why didn't you increase the fee to speed up your transaction if you have RBF enabled? On 20th July, I made some transactions with 7 satoshis per vbyte, which was confirmed in a couple of minutes.
If your RBF feature is disabled, you can consider enabling it to avoid situations like this in the future.

BTW, even if you set 5 satoshis per vbyte, it should have been confirmed so far. 4.1 sat/vbyte was fair on 19th July to confirm a transaction.

Bump: 4.1 sat/vbyte should be enough for a fairly quick confirmation now. Just make sure to enable RBF, in case fees go up again and you can't wait.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Who is John Galt?]

Basically in Indonesia you can trade Crypto freely as long the Centralized Exchange comply with local regulator called Bappepti and in this case the regulater made their own crypto exchange.

and I do agree with you would be better to regulate and tax to crypto rather than totally banning it

I understand that this is not something that depends on our will or our efforts, but I like the creation of state exchanges for bitcoin even less than private centralized exchanges.

[d_eddie]

Nice Cup And Handle Pattern:

https://twitter.com/rovercrc/status/1683455488925499393/photo/1

What does it mean?

Small misdemeanor
An apprentice soothsayer
BatSlap not needed


#haiku

[ChartBuddy]

Explanation
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[LFC_Bitcoin]

@BritishHodl
New BTC All Time High BEFORE The Halving IS possible - especially now.

With the approval of a BTC ETF fast approaching with BlackRock's application.

You have to wonder what the demand increase will do to the price of BTC.

Well, Sean Farrell says that an ETF approval could lead to a $25bn demand in the first year, this is roughly $100m PER DAY.

The current equilibrium supply is $25m a day of Demand.

So once an ETF is approved, demand could exceed $125m per day for BTC..

This means the price would have to go up to meet the demand increase based on today's supply of BTC - and no other FOMO kicking in as price rises.

It projects that if the ETF is approved & trading before the halving, and the increase in demand is seen as projected ($25bn) the equilibrium price would have to be $140,000 per BTC BEFORE the halving supply shock and rush of capital post halving.

Can we get to $140,000 BTC BEFORE the halving subject to ETF approval?

I found this perspective by @SeanMFarrell & @fundstrat fascinating.

When ETF?
https://twitter.com/britishhodl/status/1683873088667000834

[Biodom]

@BritishHodl
New BTC All Time High BEFORE The Halving IS possible - especially now.

With the approval of a BTC ETF fast approaching with BlackRock's application.

You have to wonder what the demand increase will do to the price of BTC.

Well, Sean Farrell says that an ETF approval could lead to a $25bn demand in the first year, this is roughly $100m PER DAY.

The current equilibrium supply is $25m a day of Demand.

So once an ETF is approved, demand could exceed $125m per day for BTC..

This means the price would have to go up to meet the demand increase based on today's supply of BTC - and no other FOMO kicking in as price rises.

It projects that if the ETF is approved & trading before the halving, and the increase in demand is seen as projected ($25bn) the equilibrium price would have to be $140,000 per BTC BEFORE the halving supply shock and rush of capital post halving.

Can we get to $140,000 BTC BEFORE the halving subject to ETF approval?

I found this perspective by @SeanMFarrell & @fundstrat fascinating.

When ETF?
https://twitter.com/britishhodl/status/1683873088667000834

yeah, yeah...but don't underestimate the ability of stock market trading firms to suppress the price while they accumulate...in GLD such period lasted 9 mo...in bitcoin ETF, maybe one quarter or slightly longer. I still see a major stock market dip anywhere between Q3 2023 and Q1 2024. After that, bitcoin should absolutely fly.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[HelliumZ]

Nice Cup And Handle Pattern:

https://twitter.com/rovercrc/status/1683455488925499393/photo/1

What does it mean?

Like ponds ecosystem
I call it , bitcoin Ecosystem

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com