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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

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[nutildah]

I do dislike a bearmarket
I do dislike a sideways market

In the realm of bitcoin, where the market sways,
A man with a vision had his say.
He didn't like bears or downward trends,
Nor sideways charts that never end.

"Those bears in Bitcoin, they make me frown,
They drag the price down to the ground.
I'd rather see bulls charging with might,
Driving corn to a soaring new height!"

"Sideways markets, oh what a plight,
Stagnant and flat, day and night.
I want to see action, movement and flair,
Not stuck in a zone, cuz nothing's gayer!"

He watched the charts, day and night,
Hoped for a trend that felt just right.
But bear and crab held their sway,
Testing his patience, come what may.

With a scowl on his face, he refreshed the screen,
Hoping for signs of a bullish sheen.
He'd cheer with joy if greens appeared;
Instead cursed the reds with groans and jeers.

"Give me a bull run, a green dildo so grand,
Not this bullshit that stagnates the land.
Sideways, begone, let prices be free,
Put a smile on the face of old El D!"





Yes I know, I have too much time on my hands. This is mostly AI with some minor alterations, tee hee.

[BobLawblaw]

We're going back to $28k... I can just feel it in muh plums.

Fuck this game.

Related: I'm having a blast with Monster Hunter Rise. Wish I discovered the series sooner. Should tide me over until Forza World is released.

[philipma1957]

We're going back to $28k... I can just feel it in muh plums.

Fuck this game.

Related: I'm having a blast with Monster Hunter Rise. Wish I discovered the series sooner. Should tide me over until Forza World is released.

Who streams it?


oh 160+ 29k's but we are very close to 28k

[BobLawblaw]

Who streams it?

Wut? I bought on Steam.

* BobLawblaw makes motions of things going over his head

[eXPHorizon]

They walk among us and even drink with us...

x-force 🤣

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ivomm]

I feel like the SEC is still hostile to bitcoin and they won't approve a spot ETF. It is already clear that it is not about objective criteria, but about China-like fear of Bitcoin. Yep, Gary and his puppeteers Warren and Powell shit their pants off in fear what Bitcoin can do to the US bank system. Having said that, however, the only real chance is an outright verdict in favor of Greyscale. According to some insiders, it is very possible to happen this week. But these are only probabilistic assumptions. Since the first one for yesterday did not come true, articles appeared with funny titles such as "SEC Delays Ruling On Grayscale's Bitcoin ETF Application" and "Just-In: Court Postpones Grayscale Vs US SEC Verdict". In essence: the verdict will most likely be that the Grayscales were unfairly treated. It is much less likely that the court will oblige the SEC to accept the ETF. In all cases, the SEC will appeal and oppose the spot ETF to the end. They would even prefer to de-license futures ETFs rather than issue spot ETFs. However, if the SEC loses the case and the appeal, maybe Gary will go nuts and not dare to refuse the financial giants and we will have an ETF at the beginning of 2024. The other much more plausible option is if a pro-Bitcoin Republican wins the election and the SEC chairmanship is succeeded by crypto mom Hester Pierce.

[Torque]

Feds are looking to bust everything like they did in 2008.

The housing market backed off quickly.
Ebay sales are way down.

I have read a lot of companies have slower sales.

I have read that customers are buying store brands to save money more.

So the fed is getting their way.

This will be the third t8me they have done it if it happens.
daddy bush
bush
biden

feels like it. lets wait and see.

My prediction: The true global market crash will start in China, but the media will try to distract by pointing to a different cause: "Look over here, it's the U.S. commercial real estate market that's causing the crash!"

The Chinese economy is on the brink of complete collapse, due to the coming meltdown of the massive property market Ponzi scam that they began over a decade ago.

We have businesses tied to China.

We have big and small commercial banks tied to China.

We have Wall Street investments tied to China.

The true cause of the global meltdown will be China.

https://www.zerohedge.com/markets/chinas-economy-verge-collapse-pboc-central-banker-calls-helicopter-money

[Lucius]

The Simpsons in the episode "Suckers&Belivers

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[hisslyness]

Anyone here think that M. Burry will get it right again, for a second time?

Michael Burry, of ‘Big Short’ fame, just bet $1.6 billion on a stock market crash
https://www.cnn.com/2023/08/15/investing/michael-burry-stock-market-crash/index.html

I am starting to feel it, through one of the business's I own. The turnover is down dramatically, about 60% and speaking to other businesses, it's the same thing!

We look after a very very very large fulfillment/online distribution business and our contact there has also mentioned a sharp decline in orders.

While we are only a drop in the ocean here, compared to the US and other Countries, it just a another signal on the things to come, the course that the Governments have ALL agreed too take, for some unknown reason, it seems they want a recession and ultimately mass unemployment...

I have my theory's as to why...

Please do share, I'd love to hear your theory. It's pretty obvious by their behavior and policies over the last 3 years that they want a massive reduction in the working class, as well as a massive reduction in businesses.

My father worked for a business (who's revenue was solid and steady YoY) that had their absolute best year in 2021: they made 400% revenue over any year prior in their 15-year history.

Then they went out of business THIS year due to lack of business. Orders fell completely off a cliff from 2022 onward. Go figure.

But to answer your question above, I think he is right, the timing maybe 12 - 18 months away, i still think there is too much cash out there that needs to be absorbed back into the 1%'s and Government's pockets.

For now the 1% have parked their cash at the Fed for a 5% return, but the Fed can't keep paying that out long term. Not even remotely sustainable. Especially with the interest on the national debt.

I have never been great at sales, and I will be the first to admit that. Maybe it is because of how my brain is wired. When I try to explain something, I tend to go off on a tangent and end up losing the audience.

Which will probably make my theory look completely and utterly nuts! But ultimately, I believe we are preparing to go to war. It won’t be with China or Russia (if they even still exist in the next 5-10 years) as mutual annihilation means proxy wars only…

The mass unemployment will lead to higher number of recruitment, especially front-line soldiers.

There is more to it, ie the flow of military dollars back to the 1%, but enough of my ramblings... I'll let the readers draw their own conclusion as to where the fighting will take place (if it ever does  )....

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Out of mind]

We were touch $28k.. Oh that's disappointing.

We are positioned at $29k...!

waiting for $30k ,,, when will it be?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Negotiation]

I do dislike a bearmarket
I do dislike a sideways market

I hope and can say that very soon favorite trends are coming.
-----
🎢 #Bitcoin takes a dip to $29K, but there's a twist! Fundstrat's Tom Lee predicts a surge to $150K on ETF approval.



https://twitter.com/quirkyblock/status/1691864910718791983
-----

I don't trust full mode in short time but #HODL is the best result.

[JayJuanGee]

Explanation
Chartbuddy thanks talkimg.com

go buddy 156 in the 29k slot

at subbir

I have been saying we are mirror of 2015-2016. which means we slowly get to 68-72k by the ½ ing in 2024

We are going to end up in bat country?

Who would-a-thunk?

Market wants to go down instead of up because this is a bear market.

Whoa!!!!

Is that what's going on here?

I do recall that we were in a bear market - but if the bottom (of $15,479) is already conceded to be "most likely" in, then could "we" still be in a bear market? 

Yeah, sure "we" are consolidating. but that's another story.


Wake me up for discussion of this particular "this is a bear market" discussion if we go below $25k - or perhaps above $35k in the other direction...


otherwise, I just am not and cannot be buying that either we are back in a bear market or that we had not left the bear market.. and by the way, even if we are "NOT quite in a bull market," couldn't there still be some kind of a transitioning stage that allows us to just not say where we are at, exactly, until later.

Market wants to go down sideways instead of up or down because this is a bear sideways market.

ftfy

That's more like it.   

We're going back to $28k... I can just feel it in muh plums.

If you keep saying it, then maybe it will happen.  You've been saying the same thing for a couple of months, which causes me to believe that it may or it may not happen....

What might one call it?

50/50?  Or we gonna give such a knowing it a different number?

Does it count that (a bit over an hour ago) "we" already dipped down to $28,918.. mayve staing below $29k for right around 30 WHOLE minutes.... WOW!!!!!!!

[philipma1957]

<big ass snip>


Does it count that (a bit over an hour ago) "we" already dipped down to $28,918.. mayve staing below $29k for right around 30 WHOLE minutes.... WOW!!!!!!!

Nope it must be a buddy post to break the streak that is now at : 170

https://bitcointalk.org/index.php?action=profile;u=110685;sa=showPosts;start=160

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

Make it be 171 posts in a row at 29k slot

damn buddy be playing on the freaking edge  


In a parody of JimboToronto

Go Buddy go!