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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (1.4%)
7/28 - 11 (15.1%)
8/4 - 16 (21.9%)
8/11 - 7 (9.6%)
8/18 - 4 (5.5%)
8/25 - 4 (5.5%)
After August - 30 (41.1%)
Total Voters: 73

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26429516 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
Hueristic
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July 08, 2024, 06:07:07 PM
Merited by vapourminer (1)

Germany reportedly dumped nearly a billion dollars worth of BTC on the market today. I think that’s around half what they had left. Anyone know the updated specifics? The market responded pretty well. It would be nice if we had some recovery time between Germany and mtgox. Hopefully they yeet the rest of their stack soon.

Kurzsichtig
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July 08, 2024, 06:55:55 PM

Germany reportedly dumped nearly a billion dollars worth of BTC on the market today. I think that’s around half what they had left. Anyone know the updated specifics? The market responded pretty well. It would be nice if we had some recovery time between Germany and mtgox. Hopefully they yeet the rest of their stack soon.

Kurzsichtig

I don’t think you’ll find anyone in this thread to disagree with that.
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July 08, 2024, 06:59:03 PM
Merited by Hueristic (1)

Germany reportedly dumped nearly a billion dollars worth of BTC on the market today. I think that’s around half what they had left. Anyone know the updated specifics? The market responded pretty well. It would be nice if we had some recovery time between Germany and mtgox. Hopefully they yeet the rest of their stack soon.

Yeah, market responded well. Seems they have about 26K left to unload.


https://platform.arkhamintelligence.com/explorer/entity/germany




https://watcher.guru/news/german-government-sells-951m-worth-of-bitcoin-in-a-single-day


Kurzsichtig

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July 08, 2024, 07:01:15 PM


Explanation
Chartbuddy thanks talkimg.com
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July 08, 2024, 07:09:46 PM



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Brussels or Ghent
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July 08, 2024, 07:15:27 PM
Merited by psycodad (1)

Is it time to declare war on Germany yet?
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July 08, 2024, 07:30:21 PM
Merited by Gachapin (1)

Is it time to declare war on Germany yet?

No need. Germany just declared war on itself.
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July 08, 2024, 07:44:22 PM



El Duderino
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Brussels or Ghent
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Close
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July 08, 2024, 07:50:52 PM
Merited by El duderino_ (10), Hueristic (1)

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July 08, 2024, 08:01:15 PM


Explanation
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July 08, 2024, 09:01:19 PM


Explanation
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July 08, 2024, 09:51:07 PM
Merited by El duderino_ (10), Hueristic (1), d_eddie (1)

Germany reportedly dumped nearly a billion dollars worth of BTC on the market today. I think that’s around half what they had left. Anyone know the updated specifics? The market responded pretty well. It would be nice if we had some recovery time between Germany and mtgox. Hopefully they yeet the rest of their stack soon.

Kurzsichtig

Maybe they were afraid of one of those annoying boating accidents.
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July 08, 2024, 10:01:15 PM


Explanation
Chartbuddy thanks talkimg.com
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July 08, 2024, 10:11:49 PM

Germany reportedly dumped nearly a billion dollars worth of BTC on the market today. I think that’s around half what they had left. Anyone know the updated specifics? The market responded pretty well. It would be nice if we had some recovery time between Germany and mtgox. Hopefully they yeet the rest of their stack soon.

Kurzsichtig

Maybe they were afraid of one of those annoying boating accidents.


LOL, their keys were on the Bismark!

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July 08, 2024, 10:22:06 PM
Merited by modrobert (1)

Enough buddy. New week - new lows?! Or what is everyones expectations?

What do you mean by new week?  Are you talking about from the close of last week's candle (midnight UTC) until the close of this week's candle?

I am thinking that we could bounce back into at least the lower $60ks within this week's candle, but then what do I know?

It is past my pay grade to be attempting to predict BTC price dynamics on such seemingly short-term time intervals, since in terms of the short-term, I largely error on the side of 50/50, and since we had temporarily bounced into areas that might be on the border of "don't wake me up zone" and/or "no man's land" (which I considered to tentatively start at around $55k), these latest BTC price dynamics of the last week or so, have causes me to almost get woken up even though surely the exact starting point price point of such zone/territory/range cannot really be exactly pinpointed, so we have to kind of go with the flow in regards to trying to pinpoint these kinds of matters that might not be as much knowable in advance as they might be theorized to exist when analyzing after the fact, though surely we still could consider that we are towards the bottom of such zone and whether we have actually broken through it or adequately tested it out or whatever situation that could cause us to continue to go down rather than sideways or up, that might be another story in regards to the extent to which we might be oversold and not able to sustain such additional downity.. or questions about whether buy support is strong enough to stop the BTC price from continuing to drop from here?  I don't claim to know. 

In any event when we are in a bull market, which I think that we should not be able to deny being in such a place, then maybe the most that I could do is perhaps downgrade my expectations and anticipations of up from 55% and put such expectations/anticipations down to 52.5%, yet I am not sure if I am inclined to bargain lower than that, in terms of my own short term expectations/anticipations... to the extent that short-term even matters very much except if we might get knocked out of the bull market or knocked out of don't wake me up (no man's land), so there could be two things going on in terms of both being in a bull market and "the trend is your friend," and so sometimes the trend may no longer be sustainable, yet are we referring to long term trend or short term trend and does it really matter?   and surely I cannot see that the seemingly short-term trend down is stronger than the seemingly longer term trend up, yet at the same time, who knows? 

The market can remain irrational longer than any of us normies can remain solvent.. to the extent that any of us longer-term bitcoiners might be labeled as normies.. some of us longer term bitcoiners are quirks in and of our lil selfies.. #justsaying.
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July 08, 2024, 11:01:15 PM


Explanation
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July 08, 2024, 11:39:00 PM

Is it time to declare war on Germany yet?
Looks like Germany scared a lot of people to selling their coins.
Only the Real Gs knows it's time to hodl cos the bull hasn't shown effect yet.

What is your evidence for your proposition?  Sure the price dropped a bit, but still how can you determine who is selling and who is buying?
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July 09, 2024, 12:01:17 AM


Explanation
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July 09, 2024, 12:17:57 AM
Last edit: July 09, 2024, 12:32:30 AM by JayJuanGee

Is it time to declare war on Germany yet?
Looks like Germany scared a lot of people to selling their coins.
Only the Real Gs knows it's time to hodl cos the bull hasn't shown effect yet.
What is your evidence for your proposition?  Sure the price dropped a bit, but still how can you determine who is selling and who is buying?
If you noticed, after the German move the price drop wasn't as huge as this. And If you go through live charts the sell candles are more than the buy candles.

I don't know how to post images now I would have shown some more information.

Sure, you could be correct, yet the mere existence of candles in either direction does not tell any of us who are the buyers and who are the sellers of those coins, and of course, whenever the BTC price drops there tends to be a large amount of coins that are dumped at one time in order to get the momentum going, which tends to tell me that some individual entity or person might be dumping and trying to get others to follow rather than the sales being organic or grass roots, but it does not necessarily mean that others had ended up following in the sales, especially if the BTC price does not necessarily stay down after the dumping period.  

It seems to me that you need to explain better in regards to how you might know that scared people are selling their BTC rather than just ongoing attempts that BIGGER players might engage in to try to get normies to sell their cornz, in the event that you believe that you have some kind of convincing evidence that such a thing is even happing.

Of course, we might go back to the beginning of July too and describe the drop from $63,794 (July 1) until our current price of $56,700-ish and we might attempt to explain who is selling from then too.. or maybe you want to say that the selling that took place between around July 1 and the low on July 4/5 $53,550 was the evidence of the "scared" folks selling during that period of time that shows who were then selling?  or are you referring to something else?  

Maybe you can specify the dates of the German's moving the coins to the extent that any of us care, and the supposed BTC price drop that took place?  You don't have to show the actual chart if you are able to explain it, and then try to figure out who was selling their cornz and if whatever BTC selling that took place during the purported relevant time even matters, and probably it will especially end up not mattering too much if the BTC price recovers from here (or would it?).. yet on the other hand, if the BTC price dumps further from our current mid $56k-ish, then maybe that could matter in terms of what might have had sparked the dump, but then the supposed scared ones who were supposedly dumping out of fear would then end up being both correct and potentially able to buy back their cornz at lower prices, and that would not work out very well for the ones manipulating the BTC price dow, would it? unless maybe we were to get to some even greater lower prices that might get within 25% of the 200-WMA, which the 200-WMA is currently in the ballpark of $36,666.66.. so yeah if we start to get with 25% of that, then that would be in the ballpark of $46k.. so maybe that would be lower than many of us expect to happen, but still not sure if that would be the end of the world, just merely further opportunities to buy, and I doubt that we would be knocked out of our current bull market, depending on how low the BTC prices might end up going and how long they might stay down at those seemingly lower than current prices, that is if any of such further corrections were to happen.

As I write this, I am starting to feel like I am in the midst of mostly a meaningless conversation about supposed BTC price moves that likely do not matter too much (in other words we are talking about BTC price moves that may well be in the ballpark of ants.. in other words, noise).

Yes.. I agree that there might be some coordinated selling and BIG announcements that are trying to scare some BTC HODLers (or weak hands) into selling their coins, yet you seem to be largely just blanketly accepting that the efforts of the German beartwats and/or any other coordinated efforts have been successful, and to me it seems a wee bit too early for those kinds of assumptions, but maybe you are just in the business of propagating these kinds of stories that your handlers want you to spout out about without any meaningful evidence beyond your spinning the matter and repeating what other propagandists are proclaiming to be happening.
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July 09, 2024, 12:32:45 AM

following announcements by his candidate, this is a positive event for future action:

https://nitter.poast.org/WatcherGuru/status/1810384049543795137#m

JUST IN: 🇺🇸 Republican National Committee approves draft of party platform to defend the right to mine and self-custody #Bitcoin
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