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

[Lucius]

guessing game:

where do you guys think will be the lowest coming low that will never be revisited again?

I'm undecided... Taking FTX + Gox coins distribution and Blackrock manipulation into account my guesses are 22k-23k range or 19k-20k range.

It somehow seems to me that we have found ourselves in a situation where, with all the circumstances that we are aware of and probably some that we are not even aware of yet, the price will sink even more towards $20k as one (at least I hope) significant point of resistance. That doesn't have to be such bad news considering that the halving will happen in a little more than half a year, and speculations say that the chances for spot BTC ETF in the US are around 75% by the end of this year, and for the beginning of 2024 considering that then the deadline for the SEC to make a decision expires.

So this is just another opportunity to buy cheap before the bulls come back in full force.

[BitcoinBunny]

Well... fuck this market action. Glad I sold a bit when I did. Heading out to the ranch shortly to pick up the tractor and attachments.

...then, I think I'll mow about 100 acres to break in the tractor...

Have a great week, you wonderful fruitcakes.

Yeah fuck this shit, and I'll be mowing my massive 0.05 acre lawn later with my electric battery push lawn mower.  

Can't even afford a naked whore to do it for me with where BTC's price is right now.

So screw you guys, I'm going home....  

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Richy_T]

Stability achieved. Time for a rally.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[vapourminer]

Stability achieved. Time for a rally.

will we have time to sober up?

ok, wait... will we even want to sober up?

[jojo69]

[Copetech]

Well... fuck this market action. Glad I sold a bit when I did. Heading out to the ranch shortly to pick up the tractor and attachments.

...then, I think I'll mow about 100 acres to break in the tractor...

Have a great week, you wonderful fruitcakes.

You probably already know this, but you'll want to do about 10 hours on that new motor and then do a full oil change. New motors tend to have small burrs and rough edges internally that wear smooth but leave metal shavings in the oil. By running it for a while and then changing the oil & filter, you remove that destructive debris so that you can enjoy a full life of smooth power.

What color did you end up with? Green? Red? or Orange? (Hopefully not Blue...)

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Xinarae*]

Ooh Nooo!
Babo man 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Gachapin]

I wonder if Binance are trying to prop up their shitcoin by selling BTC again...

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

It looks like FTX will be selling $200,000,000 worth of crypto every week for the next 17 weeks… This will start next week. This downward pressure on the market will likely hold prices somewhat in check until the end of the year. I’d imagine once this is behind us (and the mtgox coins are distributed) it should be the final hurdle before launch.

how much BTC do they hold?

I hope this is still accurate  

FTX's Bitcoin Balance Plunges to Just 1
https://www.coindesk.com/business/2022/11/08/ftxs-bitcoin-balance-plunges-to-just-one

3.4 billion dollars worth of my math is correct.

My statement also assumes that Binance won’t become insolvent when a drop happens. I think that is the biggest concern for the crypto market right now. A run on BNB has the potential to take Bitcoin below $20K.

There seems to have been an ongoing run on Binance and BNB since about November of last year.. so yes, the run is continuing, and at some point is there going to be an ability to cause a cascading price event?  It seems that Binance is becoming less and less of the overall bitcoin trading market and it may well have gotten close to 80% and currently ONLY around 30%.. so .. yeah.. keep running on it and let's see if a cascading event happens or not.. .. but acting as if there already has not been a run seems to be attempting to spin actual on-the-ground happenings.  ¿AmInotrite?

Haiku Sunday, so just for a shiggle, I pulled/edited a lyric from a recent track for this here famous thread.
The light is waning,
But faintly glows and we still
Just might sing as one
GO BITCOIN

That's pretty cornie.. I must say.

Plus I don't want to publish a mirrored selfie of myself in the piece, taking a pic.  Not good for opsec, lol.

Yeah..

Just think about it.




You can see that I was already able to carry out some deep forensics, and so there is merely a question regarding which one is uie-pooie.   

[DVlog]

Gary Gensler is currently the most influential entity in crypto space, only he can deside when the bull market starts until then this is still a bear market with stagnation, depression and most likely more dumping towards sub $20k with a shattered wick revisiting the $15k floor will be the perfect entry for Blackrock + consorts.

Besides that, you know why all those Twitter bulls are always wrong?

Because they are all fcking lying retards just like those Youtube Crypo influancers pulling weard faces. Wouldn't be surprised if they are behind those Twitter accounts.

The same thing goes in my mind. Blackrock like giants entering the market that means there will be manipulation into the market so that they can accumulate cheap bitcoin from the market. When that so-called influencer on Twitter and YouTube keeps shouting about bull coming i fear for the worst.

[Volgastallion]

Why fear? We trust on BTC on the long run, this its only a picture not the whole movie.

About the FTX selling i have my doubts about that, its a very silly move to sell all your coins constantly and announced.... you are gonna lose a lot of menoy operating in that way. Also they dont hold all in BTC, they have a lot of shitcoins in their pockets.

[JayJuanGee]

Curses!  My new PIN must have overflowed into the transaction fee buffer???
This is satire.

If you are dealing with those kinds of numbers then you better be cutting down on your weed consumption....

Seems like too much..

but what do I know?  my inept attempts at mommy dearest.

Gary Gensler is currently the most influential entity in crypto space, only he can deside when the bull market starts until then this is still a bear market with stagnation, depression and most likely more dumping towards sub $20k with a shattered wick revisiting the $15k floor will be the perfect entry for Blackrock + consorts.

Besides that, you know why all those Twitter bulls are always wrong?

Because they are all fcking lying retards just like those Youtube Crypo influancers pulling weard faces. Wouldn't be surprised if they are behind those Twitter accounts.

Hm?  I did not see the word "bitcoin" in one place in your post Paashaas, and I am thinking that you must be talking about bitcoin..   amiNOTrite?

Regarding bitcoin, many of us likely realize that bitcoin is not controlled by any governmental entity or person.. and it is not necessarily correlated with macro circumstances or even the stock market as some people like to rely on its supposed correlation..

so sure, we might get some periods of correlation.. but are you going to rely upon those kinds of caveman kinds of shadow watching rather than making sure that you don't get sucked into some kind of an expectation regarding bitcoin that does not end up happening as you had expected.. and at the wrong time... including considering that the tail has much to do with the dog could be another error built into your current framenings... but hey?  who knows?  Anything could happen, right?  At least almost anything could happen in theory.. and maybe even in practice?, until it doesn't.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com