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

[ivomm]

#Bitcoin cutting through the first liquidation zone like butter. This is still just an appetizer to the $74k shorts. Price will go absolutely vertical to new highs once those shorts are rekt. Tick tock!

https://twitter.com/bitcoinmunger/status/1772299166317748674

JUST IN: South American gold miner, Nilam Resources to buy 24,000 #Bitcoin ($1.7 billion).
https://twitter.com/WatcherGuru/status/1772358085253779789

Remember, starting next week, institutional investment managers will file their 13F forms with the SEC. This means we'll start to get a look at who's been buying the Bitcoin ETFs. A few points:
1. These filings will start with a trickle next week, then pick up after that and run well into May.
2. The most interesting names could come later in the filing process, since some funds like to wait as long as possible in order to not show their hand before the mid-May deadline.
3. If you're a fund whose ownership of the ETF will make headlines and potentially impact price, you're probably going to want to top off your position before filing your 13F.
Again, I expect some surprises. Watch this space for names.
https://twitter.com/MacroScope17/status/1772366841727373749

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[xhomerx10]

 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[d_eddie]

JUST IN: South American gold miner, Nilam Resources to buy 24,000 #Bitcoin ($1.7 billion).
https://twitter.com/WatcherGuru/status/1772358085253779789

This might be fake. It is rumored that it's actually a penny stock trying to make the front page.

#Bitcoin cutting through the first liquidation zone like butter. This is still just an appetizer to the $74k shorts. Price will go absolutely vertical to new highs once those shorts are rekt. Tick tock!

This, on the other hand, is a fact. The cut through butter bit anyway. Let's keep those short liqs coming!

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

[...]

5   "Here is one for you
7   I did not know the meaning
6   Haiku a mystery"

5   I queried the wo
8   the answer they said a poem
5   five words seven five"

[...]

Damn it, Phil! None of them qualify...

But who cares? We have a pump!

 Phil's an American; they pronounce words differently.  Poem is pome, mystery is mistry and in his neck of the woods, pop is soda.

13 years of school in brooklyn

poem is pome
mystery is mystree

pop is so der

 not soda

but  yeah i butchered it quite a bit.

[WatChe]

 

The bull has crossed 70k once again heading towards 75k. May we all see another ATH this week.

[Negotiation]

 

Need another one GOLD color bull. $82k calling...

[Biodom]

Let’s just cut the bull shit and send this bad boy to $250,000.

Can you imagine the FOMO that would be coming at it when it breaches 200K.
200K-->250K could be in a couple of days or so in this scenario.
At 250K someone would need not diamond, but lonsdaleite or even graphene hands.

lonsdaleite is a material 58% stronger that diamond.
a saran wrap thick sheet of graphene requires an elephant balancing on a pencil to break it.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[DirtyKeyboard]

ChartBuddy's Daily Wall Observation recap
..
All Credit to ChartBuddy
Slight hiccup with the time change.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[xhomerx10]

 https://talkimg.com/images/2024/03/25/JqLIN.gif

Need another one GOLD color bull. $82k calling...

Sorry, I don't have all my tools with me.

[Negotiation]

 https://talkimg.com/images/2024/03/25/JqLIN.gif

Need another one GOLD color bull. $82k calling...

Sorry, I don't have all my tools with me.

Yeah, man this is the nice three is digit $000k go bull goo...

[Negotiation]

From the polished parts, you can tell that a large number of superstitious wall street bankers rub those bull balls for luck, before starting their day of robbing people blindly in new and creative ways.

~snip

 I'm wondering what they're rubbing the balls with when the two hind legs also seem to be polished at the same level - handholds?

that would mean they are tea bagging the bull

Source unknown.


It has been surgically opened and is now ready for frying. Eat and ready for the next bull.   

 Oh God.  I hope those aren't the result of a workplace tragedy.

Really man this was real tragedy??  I can not believe in my eyes....

[xhomerx10]

From the polished parts, you can tell that a large number of superstitious wall street bankers rub those bull balls for luck, before starting their day of robbing people blindly in new and creative ways.

~snip

 I'm wondering what they're rubbing the balls with when the two hind legs also seem to be polished at the same level - handholds?

that would mean they are tea bagging the bull

Source unknown.


It has been surgically opened and is now ready for frying. Eat and ready for the next bull.   

 Oh God.  I hope those aren't the result of a workplace tragedy.

Really man this was real tragedy??  I can not believe in my eyes....

 Either that or he finally got the wife to give them back to him.

[Negotiation]

From the polished parts, you can tell that a large number of superstitious wall street bankers rub those bull balls for luck, before starting their day of robbing people blindly in new and creative ways.

~snip

 I'm wondering what they're rubbing the balls with when the two hind legs also seem to be polished at the same level - handholds?

that would mean they are tea bagging the bull

Source unknown.


It has been surgically opened and is now ready for frying. Eat and ready for the next bull.   

 Oh God.  I hope those aren't the result of a workplace tragedy.

Really man this was real tragedy??  I can not believe in my eyes....

 Either that or he finally got the wife to give them back to him.

Maybe, I laughed so hard at this picture that how is that possible? 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

Let’s just cut the bull shit and send this bad boy to $250,000.

More like a middle top.. not a top top.

You know that one of the problems of going there too quickly is......

I have already argued that it is not too likely that we could go to $80k to quickly.. because we keep having these baby corrections along the way... .. .. but yeah, sometimes we will see short periods of "overheatedness."   - even though, we are not there yet... so eat your hearts out... $40k not coming. and especially not $39,999.  I am starting to have my doubts about either $49,999 and also $54,999.. I am starting to think that it could be the case that none of them will be seen again.. . but hey, what do I know.

If we go to $94k by this week (or maybe even by next week), I might start to speculate that maybe such price moves is a bit too much.. and not quite sustainable in such a short period... $80k this week should be within reasonable levels of exuberance... whatever that means?

...Today's spike looks related to a short squeeze:
https://www.zerohedge.com/markets/bitcoin-erupts-higher-epic-futures-short-squeeze

maybe I sell some off take the 70+

or not

Yeah.. maybe you should, and that is why you are going to keep having fun staying poor.. you just cannot resist fiats.

 

Just had a shower, checked charts, price rising nicely. What's not to like?

Getting richer while taking showers... Works for me.

BTW, 7 is here, 8 soon, 6 (digits) this year.

Seems like it.

$80k?  This week, next week? sounds reasonable..

halving and 6 digits.. gosh. .. what would that be?  perhaps getting into the 50/50 territories?.. or maybe it is still ONLY in the 40% territory?

and then the rest of the year, I am still thinking that $120k to $180k is a kind of reasonable range for this year, but yeah. top, middle or bottom of the range?  I don't know.  I know that it is a pretty broad range, but what can be said.. it is not like anyone of us really knows the future... but $120k to $180k seems to be a good rethinking the matter stopping point.. or a kind of let's play around in this arena a bit before considering if we might want to go further UPpity.. which is largely seeing if buying support keeps up and then seeing how many coins might come available at those prices for the ETFs to vacuum up.