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

[Volgastallion]

Coinbase must face US securities regulator's lawsuit
https://www.reuters.com/technology/coinbase-must-face-us-securities-regulators-lawsuit-2024-03-27/


correction incoming ....probably  


good for Bitcoin, bad for shitcoins

Just after the CEO of Coinbase declares something against the ANTI-BTC guys? a clasic movement.....

Anyways we see so many of this shit, and all ends on nothing, so im not follow that.

[1714245938]

1714245938

[bitcoinPsycho]

Buy the dip

[Torque]

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

Coinbase must face US securities regulator's lawsuit
https://www.reuters.com/technology/coinbase-must-face-us-securities-regulators-lawsuit-2024-03-27/


correction incoming ....probably  


good for Bitcoin, bad for shitcoins

Just after the CEO of Coinbase declares something against the ANTI-BTC guys? a clasic movement.....

Anyways we see so many of this shit, and all ends on nothing, so im not follow that.

It is a little bit comical that the government seems to be doing all they can to tank the Bitcoin market, while at the same time not selling the 200,000+ BTC that they're sitting on.  You'd think they'd want the value to increase so they could get the most money back, but it seems to me like they're not worried about that as much as trying to tank the price and stop success stories from luring other people and countries away from the fiat world reserve currency scheme they have going.  I think we've reached the part of the growth cycle where they fight us.  Next we win. 

[xhomerx10]

Hey!  You were saving that corn for your nieces and nephews.

Sadly, I have deemed them "not worthy" and am working out setting up a Trust to manage our estate after we croak.

They still have time to turn it around, but not really happy with their current life trajectory.

Either way, it's not like they won't be taken care of after I'm gone...

Put a sell order in at $75k; not in a hurry to part with this corn. Now I wait...

 I understand completely.  I can't believe the stories I hear from friends with kids and I'll stop there in case some of my nieces and nephews are keeping tabs on ol' xhomerx10.   Wait, I will add that just because you don't think you'll ever be able to afford to buy a house is not a good reason to totally give up on the idea.  I never thought it possible either but I've had two now... and that was before bitcoin.

[criptoevangelista]

Coinbase must face US securities regulator's lawsuit
https://www.reuters.com/technology/coinbase-must-face-us-securities-regulators-lawsuit-2024-03-27/


correction incoming ....probably  


good for Bitcoin, bad for shitcoins

Just after the CEO of Coinbase declares something against the ANTI-BTC guys? a clasic movement.....

Anyways we see so many of this shit, and all ends on nothing, so im not follow that.

It is a little bit comical that the government seems to be doing all they can to tank the Bitcoin market, while at the same time not selling the 200,000+ BTC that they're sitting on.  You'd think they'd want the value to increase so they could get the most money back, but it seems to me like they're not worried about that as much as trying to tank the price and stop success stories from luring other people and countries away from the fiat world reserve currency scheme they have going.  I think we've reached the part of the growth cycle where they fight us.  Next we win. 

They don't want you to buy bitcoin onchain, they want you to buy ETFs, they want to have control of everything.

No matter how much they want, they will never win.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[xhomerx10]

[El duderino_]

Back then and right now.
Same story just another day.
Only fools selling.

[promise444c5]

Back then and right now.
Same story just another day.
Only fools selling.

Sellers  will have story to tell

Buyers  will have story to tell

The story depends at the end of the day

[LFC_Bitcoin]

Back then and right now.
Same story just another day.
Only fools selling.

Imagine selling when the halving is like 3 weeks away, absolutely pathetic, paper handed, beta male behaviour.

[criptoevangelista]

Back then and right now.
Same story just another day.
Only fools selling.

Imagine selling when the halving is like 3 weeks away, absolutely pathetic, paper handed, beta male behaviour.

Selling now is complete insanity

I can't imagine what goes through a person's head to think about selling now... it can only be as stupid as possible, I can't imagine anything else

[BitcoinBunny]

Back then and right now.
Same story just another day.
Only fools selling.

Imagine selling when the halving is like 3 weeks away, absolutely pathetic, paper handed, beta male behaviour.

HEY!

Some guys' wives' boyfriends need a new car, ok?! It's not funny!

 

[criptoevangelista]

Back then and right now.
Same story just another day.
Only fools selling.

Imagine selling when the halving is like 3 weeks away, absolutely pathetic, paper handed, beta male behaviour.

HEY!

Some guys' wives' boyfriends need a new car, ok?! It's not funny!

 

The only one capable of this is him:

the famous "bitcoin seller" castrated bear

[promise444c5]

Back then and right now.
Same story just another day.
Only fools selling.

Imagine selling when the halving is like 3 weeks away, absolutely pathetic, paper handed, beta male behaviour.

Selling now is complete insanity

I can't imagine what goes through a person's head to think about selling now... it can only be as stupid as possible, I can't imagine anything else

Or maybe he/she finally  lost his mind absolutely 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

It looks like we’re putting in a lower high. That’s a little bit scary for the short term but I think we’ve all been sort of expecting a correction around the halving. ETF inflows were also back up today, so maybe the buying spree will continue. Fundamentals seem to be pointing up while technicals are pointing down. I’m leaning towards a revisit of $63K, but I’d rather be wrong.

Either way.. $63k is not that BIG of a deal.. wake me up if we start to get close to falling out of no man's land, which seems to be around $55k-ish... 

In udder words, "no man's land" seems to have converted itself into the new "don't wake me up zone" .. so yeah, don't wake me up between $55k-ish and $82k-ish.. that is our new zone. .and yeah of course, it is a BIG one.. but it seems quite likely if we break out in either direction, it seems breaking upwards seems greater than breaking downward.

Sure, I understand that there are going to be a lot of guys and gals getting their panties all in a wadd in regards to unexplored price territories between $74k and $82k  - but it still seems like a BIG SO WHAT? to this here cat at this here time, even though sure I am going to get excited just like many of the other HODLers - but at the same time, the big SO WHAT? has to do with the current "don't wake me up" range (formerly known as "no man's land") seeming to be a kind of given.. yawn, yawn..

[AlcoHoDL]

It looks like we’re putting in a lower high. That’s a little bit scary for the short term but I think we’ve all been sort of expecting a correction around the halving. ETF inflows were also back up today, so maybe the buying spree will continue. Fundamentals seem to be pointing up while technicals are pointing down. I’m leaning towards a revisit of $63K, but I’d rather be wrong.

Either way.. $63k is not that BIG of a deal.. wake me up if we start to get close to falling out of no man's land, which seems to be around $55k-ish...  

In udder words, "no man's land" seems to have converted itself into the new "don't wake me up zone" .. so yeah, don't wake me up between $55k-ish and $82k-ish.. that is our new zone. .and yeah of course, it is a BIG one.. but it seems quite likely if we break out in either direction, it seems breaking upwards seems greater than breaking downward.

Sure, I understand that there are going to be a lot of guys and gals getting their panties all in a wadd in regards to unexplored price territories between $74k and $82k  - but it still seems like a BIG SO WHAT? to this here cat at this here time, even though sure I am going to get excited just like many of the other HODLers - but at the same time, the big SO WHAT? has to do with the current "don't wake me up" range (formerly known as "no man's land") seeming to be a kind of given.. yawn, yawn..

Exactly.

"Don't wake me up zone." I like it.

7 has been reached. Lost its shine. My price alerts are set to $85k, $95k, ... and my laser-eyes hat gets worn at $105k+ (6 digits). Why the 5s? Because getting to $80k only to revert back to $78k or other boring $7-something-k value makes the alert pointless. Mid-range values mean the decade has likely been conquered.

We've endured years. What's a few weeks/months more?

#gtcttwwhodlnyknycccmflhb

[JayJuanGee]

It looks like we’re putting in a lower high. That’s a little bit scary for the short term but I think we’ve all been sort of expecting a correction around the halving. ETF inflows were also back up today, so maybe the buying spree will continue. Fundamentals seem to be pointing up while technicals are pointing down. I’m leaning towards a revisit of $63K, but I’d rather be wrong.

Either way.. $63k is not that BIG of a deal.. wake me up if we start to get close to falling out of no man's land, which seems to be around $55k-ish...  

In udder words, "no man's land" seems to have converted itself into the new "don't wake me up zone" .. so yeah, don't wake me up between $55k-ish and $82k-ish.. that is our new zone. .and yeah of course, it is a BIG one.. but it seems quite likely if we break out in either direction, it seems breaking upwards seems greater than breaking downward.

Sure, I understand that there are going to be a lot of guys and gals getting their panties all in a wadd in regards to unexplored price territories between $74k and $82k  - but it still seems like a BIG SO WHAT? to this here cat at this here time, even though sure I am going to get excited just like many of the other HODLers - but at the same time, the big SO WHAT? has to do with the current "don't wake me up" range (formerly known as "no man's land") seeming to be a kind of given.. yawn, yawn..

Exactly.

"Don't wake me up zone." I like it.

7 has been reached. Lost its shine. My price alerts are set to $85k, $95k, ... and my laser-eyes hat gets worn at $105+ (6 digits). Why the 5s? Because getting to $80k only to revert to $78k or other boring $7-something-k value makes the alert pointless. Mid-range values mean the decade has likely been conquered.

We've endured years. What's a few weeks/months more?

#gtcttwwhodlnyknycccmflhb

That mostly makes sense, even though for me it still remains difficult to stop watching... even though it also seems difficult to get overly excited about movements within the current zone..

just moving through this don't wake me up zone, previously known as no man's land, seems to be taking longer than expected, but the thesis of no man's land still seems to underly it and would not get broken until at least some dip below $55k - and gosh even getting to $55k, might not break the underlying thesis of no man's land, either.. - and not that I am even saying that $55k is very likely at all, even though we know that a lot of shocking things can end up being possible and also end up playing out.. and maybe sometimes very extreme measures and bold plays are the ONLY ways to really get the weak hands to sell with passion, while at the same time, the downity runs a lot of risk.. the risk that the  price does not stay down long enough for the downward manipulators to get many if any of their coins back.

I still am expecting some resistance somewhere prior to $100k, and I had been using $94k as my tentative thinking on the possibility of resistance, if any... and so yeah, maybe I am also working somewhat with the rule of 5s too... since maybe even getting above the mid-point might cause some inevitability of pushing through.. yet we might be getting ahead of ourselves, because we likely  realize if the BTC price shot up to $80k in the coming week or two, we may well be just fine, but if it shot up to $94k in the next week or two, then that might be too far too fast..

so I hate to try to figure out too many legs at a time, even though I think that there should be a bit of a gravitation towards the $120k to $180k price range, merely to accommodate the seemingly new buyer types that seem to be entering through the BTC spot ETFs.... and yeah, I am not even saying that $120k to $180k would be stopping points.. but I am saying that based on current conditions, they seem to be largely points of reassessment..and we likely would be able to see if BTC's getting to that price range might help to free up enough BTC supply to satisfy the additional demand that currently seems to be coming into BTClandia...