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

[El duderino_]

https://x.com/naiivememe/status/1730663053186740710?s=46

[1714214644]

1714214644

[1714214644]

1714214644

[1714214644]

1714214644

[1714214644]

1714214644

[Negotiation]

https://x.com/naiivememe/status/1730663053186740710?s=46

Yeah, nice ending... go go go 

[Stepstowealth]

I will not laugh at this, if I do, it means I agree that my relations are fools. Some maybe, but not all... so Nahhh, No laughs!

real funny 387xx is the wrong direction

There is a resistance @38800, a bit of struggle there, but I expect a break to 389xx.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

388xx seems ok but looking for 40404

43,210 - could be fun too, on the way up to 45,678.90

388xx seems ok but looking for 40404

Noooo!  Lol, good one!

ChartBuddy's 24 hour Wall Observation recap
..

Buddy, why didn't you remind me that November only has 30 days?  What's that?  You were too busy starting to lift?  My bad.
The data we have for November; 1 day is 1 second.  Be careful.
https://i.imgur.com/Lw0AyPd.gifv

You have come up with quite a few variations.....

Amazing.

Bitcoin Miner AntPool to Refund Record $3M BTC Transaction Fee
AntPool said it would verify the identity of the sender if they sign an on-chain message via another bitcoin transaction using the same message – which will prove ownership.
https://www.coindesk.com/tech/2023/11/30/bitcoin-miner-antpool-to-refund-record-3m-btc-transaction-fee/

On one of the bitcoin-related podcasts (I cannot recall which one), I had heard that there were some issues regarding how that transaction had started out as stolen funds.. I am not sure if it is true, but it makes it possible to refund the fees but not the body of the transaction that was already stolen.. which was something like 55/56 BTC.. like mentioned in that quoted article.. so then sometimes there could be questions about if refunding the fees could end up going to the person who stole the money or the original owner.. and sometimes it might be a bit difficult to sort out which is which (or who is who).

[Torque]

World economies going down in flames, due to complete garbage monetary policies.

Major banks on the verge of bankruptcy.

SBF and CZ convicted, going to jail.

Bitcoin breaking out to upside.

Stocks breaking out to upside.

PMs breaking out to upside.

Bitcoin Spot ETFs all approved from Jan-Feb, no later than March 2024.

Wall Street says no more Fed rate hikes, greater than 80% chance of rate cuts starting by March 2024.

Purely coincidence?

Sure, sure...I guess everything in life now is just one massive 'coincidence'.    

[JayJuanGee]

If #bitcoin surpases the $40k mark,

Then let's meet at $100k.

Choose to believe or not!
$BTC

Source.
I strongly believe that @JJG can explain it deeply and very well, what is waiting for the next range because he has a lot of experience in this matter.

Sure... I can say, been there done that.  But it was such a quickie.. so it becomes difficult to have had any sustainable experiences when it happens so quickly like that.

More sustainable might be another story.

Many of us likely already realize that when the BTC price goes up quickly, then there can be questions regarding if the buy support can keep up with how fast the BTC price is going up.  It seems that in the last month and a half, the BTC price has been grinding up.. grinding and grinding, so it would seem that the buy support should be able to keep up, yet it cannot really be know.

Are we in a kind of grueling punishment mode in which the shorts continue to get placed, but they keep getting punished?

The fence sitters and the "wating for the dippers" are getting punished too, no?

real funny 387xx is the wrong direction

There is a resistance @38800, a bit of struggle there, but I expect a break to 389xx.

Wow!         You have high expectations Stepstowealth.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Negotiation]

If #bitcoin surpases the $40k mark,

Then let's meet at $100k.

Choose to believe or not!
$BTC

Source.
I strongly believe that @JJG can explain it deeply and very well, what is waiting for the next range because he has a lot of experience in this matter.

Sure... I can say, been there done that.  But it was such a quickie.. so it becomes difficult to have had any sustainable experiences when it happens so quickly like that.
~
Are we in a kind of grueling punishment mode in which the shorts continue to get placed, but they keep getting punished?

The fence sitters and the "wating for the dippers" are getting punished too, no?

Well agreed, Bitcoin every month every day every week makes more new stories continue but do not say some predictions quickly,  I see the news and share my opinions but I'm not market analysis.

Other modes I do not agree with someone's advice that 'Process loan' and buy bitcoin. it's highly risky for investment in the fund. 

[OgNasty]

Free the tatas. It does feel like this. The market wants to go up over $40K but something is holding the line at $39K for dear life. I imagine it will break in time as there is clearly plenty of upward pressure on the price currently. I don’t think we spend another week below $39K. There is just too much demand at the moment.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

.......
Are we in a kind of grueling punishment mode in which the shorts continue to get placed, but they keep getting punished?

The fence sitters and the "wating for the dippers" are getting punished too, no?

Well agreed, Bitcoin every month every day every week makes more new stories continue but do not say some predictions quickly,  I see the news and share my opinions but I'm not market analysis.

You can still have opinions regarding either what you believe might be happening and if you might believe that there are certain kinds of ways of characterizing what may be our current BTC price dynamics situation.

Otherwise, if we have no opinions then why would we be here?

I recall that in some of my training in which I had to give reports to a boss.  One of the main ingredients after providing the facts, the analysis and the various conclusions was to provide some kind of a recommendation regarding what to do.. Is it it a yes or a no, and surely there is no way to get away with a maybe since even a maybe would need to lean either one way or the other... because in the end there is frequently a need for some kind of action rather than just presentation of the information.

The same is likely true in life.  Each of us are actors up[on the information that we share and analyze, and even if our recommendation might be "stay the course, and keep doing what you have been doing." then we are still accounting for what it was that we were doing and maybe why we should stay the course.  Or maybe we might recommend:  "stay the course, but if you see x, y z, then go to the right but if you see a, b or c then you better go to the left."

So my point is that some kind of recommendation is necessary in regards to any presentation of information.. so even if we provide a link to an article, we should easily be able to say I agree with this, this and that, but I think that the other thing is pure bullshit... There is some value in those kinds of presentations, whether you are merely in agreement with a lot of others or if you are sorting your own path, and probably many people have opinions that deviate a bit from the mainstream in one way or another, but who the hell is going to know unless you say something.

I remember when I first started posting on the forum, sometimes I would have an idea about a post, and then I would hesitate to say what I think about the topic, and then later I realized that even if someone ends up posting something similar to me, there usually are going to be some variations, so it's not like I need to read through the remainder of the posts before my opinion should be expressed.. and part of the benefits of just responding is that you have taken a stance.. even if someone later might end up posting something similar, which surely is not as common as many of us might have had believed it to be.

Other modes I do not agree with someone's advice that 'Process loan' and buy bitcoin. it's highly risky for investment in the fund. 

Personally, I have no problem with using loans in order to speculate on something like BTC, and yeah it is a form of front-loading of the investment.   One of the important things is to have ways to pay back the loan from sources other than BTC.. so that the repayment of the loan should not be dependent upon the thing that you are betting on.. otherwise you may well be fucked if the investment moves against you.  So in other words, there is a need to be prepared for either price direction, even when taking a loan... and if you are not able to take the loss (if the BTC price were to move against you), then you should not take the loan... otherwise, if you have planned through it, then you can still take the loan even if it ends up costing you more than you would have had made in the event that you had just bought BTC regularly rather than front-loading your investment with a loan.

Free the tatas. It does feel like this. The market wants to go up over $40K but something is holding the line at $39K for dear life. I imagine it will break in time as there is clearly plenty of upward pressure on the price currently. I don’t think we spend another week below $39K. There is just too much demand at the moment.

Hasn't this been true about every $1k since $31k?  or did we start at $32k?  Anyhow, it seems that the last six weeks have been this way every thousand up has been a grind... at least so far.

[OROBTC]

...

JJG wrote (a comment at the bottom of a lot of text) a few pages back (reply 655021 on WO page 32752):

At this rate, I have my doubts that Saylor is even going to stop at 210k BTC, even though that would be a nice round number of BTC to have and maybe even to maintain.. so if he goes beyond 210k BTC, then he could keep buying more but then saying that he and/or his company will never go below 210k BTC... so then after getting above that number he could declare that he has enough.. but Saylor no does not think like a normal person.. so probably he will not be able to stop accumulating and amassing more and more bitcoin."

THAT, amigo mio, is someone who Thinks Like A Giant.  "Giants" typically think differently.  Also, many Giants know what they're doing, and they do what they want (eg Elon Musk).  Finally, it is often smart to "follow in the footsteps of Giants."  It's a good way to think and make money in the longer term, think Generational Wealth.

I'll not mention where such Giant thinking is discussed at more length as it is not BTC-related.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

...JJG wrote (a comment at the bottom of a lot of text) a few pages back (reply 655021 on WO page 32752):

At this rate, I have my doubts that Saylor is even going to stop at 210k BTC, even though that would be a nice round number of BTC to have and maybe even to maintain.. so if he goes beyond 210k BTC, then he could keep buying more but then saying that he and/or his company will never go below 210k BTC... so then after getting above that number he could declare that he has enough.. but Saylor no does not think like a normal person.. so probably he will not be able to stop accumulating and amassing more and more bitcoin."

THAT, amigo mio, is someone who Thinks Like A Giant.  "Giants" typically think differently.  Also, many Giants know what they're doing, and they do what they want (eg Elon Musk).  Finally, it is often smart to "follow in the footsteps of Giants."  It's a good way to think and make money in the longer term, think Generational Wealth.

I'll not mention where such Giant thinking is discussed at more length as it is not BTC-related.

You cannot leave "us" hanging like that.    

Pray tell.







When is the next Mensa meeting?

[Negotiation]

Personally, I have no problem with using loans in order to speculate on something like BTC, and yeah it is a form of front-loading of the investment. One of the important things is to have ways to pay back the loan from sources other than BTC.. so that the repayment of the loan should not be dependent upon the thing that you are betting on.. otherwise you may well be fucked if the investment moves against you.  So in other words, there is a need to be prepared for either price direction, even when taking a loan... and if you are not able to take the loss (if the BTC price were to move against you), then you should not take the loan... otherwise, if you have planned through it, then you can still take the loan even if it ends up costing you more than you would have had made in the event that you had just bought BTC regularly rather than front-loading your investment with a loan.

Agree and well, I think some people face the problem is money management.

Pray tell.



When is the next Mensa meeting?

It is time to present (what you want) from the 'lord', 'Allah', 'God' etc, the name is different for different religions, but the place is one.

[ivomm]

"[Bitcoin spot ETF approval] window is officially January 5 to January 10," Bloomberg Intelligence ETF analyst James Seyffart posted to X.

"Really this means that any potential approval orders are going to come on either Monday, January 8, Tuesday, January 9, or Wednesday, January 10. Mark your calendars people."

https://www.forbes.com/sites/digital-assets/2023/12/02/mark-your-calendars-date-revealed-as-huge-17-trillion-bitcoin-etf-countdown-sudden-begins-heralding-ethereum-xrp-and-crypto-price-chaos/

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[cmacwuz]

Thar she blows. A big buy and our collective confident bullishness is validated, hopefully the early rumblings of the next big one. Not sure how much of a sell the news the ETF announcement will have, but long term the on-ramps will be solidified for an enormous legacy wealth transfer. Flight to quality