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

[kellrobinson]

In the rainbow channel, the black oscillator is a pale blue under-layer.

Where is 'black", sorry?
I see red, light blue, dark blue, yellow, green and purple.
Is 'purple' actually black?
Must be one of those color "illusions".

more importantly...where we are heading, then?

It's the one you're calling purple.  The oscillator at the bottom of the chart.
I called it black, though it's actually sort of dark brown, at least to my eyes.
Everything in my charts seems to imply that BTC will go up.  But I don't know.
All models are wrong, as the saying goes, but some are useful.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Dark.Look]

BREAKING:

The U.S. Department of Justice has officially SHUT DOWN its Crypto Enforcement Unit— effective immediately—in direct response to a new executive order issued by Donald Trump.

Binance Report

Dont be fooled, is all propaganda, that doesnt mean anything, they can still prosecute you in the same way as before and making it in the clasic way and not this non sense "special unit".
We dont know if this people are completly fired or they are gonna be put in another unit with the same work but with other name.

Is a win-wi for Trump anyways, they make happy all his followers with this at 0 cost.

And how this affect the price of BTC? Well you can see..... Nothing.

If you ask me, I can say these fundamental news will just affect people who are not familiar with the market. However, the one who knows the meter well can understand that this will not affect the price in the long term. However, it's possible to make FUD, and even this can't be bad at all.
When the price goes lower, it gives a good chance for other people to buy in the chance they are going to have. That's why I'm just smiling no matter what Trump is doing to Bitcoin and crypto in his country.

[cAPSLOCK]

so, can i stop fighting the birds in my yard for the worms, seeds and bugs to eat now?

Why would you do that when you could be eating the dogs!  Or the cats!

[cAPSLOCK]

so, can i stop fighting the birds in my yard for the worms, seeds and bugs to eat now?

You're not eating the birds? Can I have them?

Stay away from the acorns. Those are mine, I called dibs.

BREAKING:

The U.S. Department of Justice has officially SHUT DOWN its Crypto Enforcement Unit— effective immediately—in direct response to a new executive order issued by Donald Trump.

Binance Report

Were they actually doing anything? Other than failing to regulate a decentralized ecosystem I mean.

Why do you think projects like Wallet of Satoshi left the US market...

Same reason Acinq did I imagine.

And why did they announce they are coming back... today?

https://x.com/acinq_co/status/1909651903421554833

🇺🇸 We welcome the "Ending Regulation By Prosecution" memo by the US DAG, and the clarity it provides for developers and operators of Bitcoin software.

This is consistent with Executive Order 14178 that recognized the importance of "protecting and promoting the ability of individual citizens and private-sector entities alike to [...] develop and deploy software [and] transact with other persons [...] and to maintain self-custody".

We are happy to make our products available again in the USA.

[cAPSLOCK]

Also... this is apropos to one of my previous idiotic posts:

Learn to see more levels deep.

It's a good thing.

Do we really belive this EO was done to benefit WoS?  Or Acinq?

LOL.

No...  there is much more going on behind the scenes.

Also... some of you (who might be guilty of single level thought) also figure now, that I am just a fan of what Trump does.

And you would also be wrong.

But this US administration IS doing things (openly and with ferocity... unlike the entire past of my life).  And some of them will be good for Bitcoin, while others will NOT.  But they definitely are clearing the way for SOMETHING "crypto".

And Bitcoin will CONTINUE to not give a flying (*&^.  (But these things might matter to some of us... particularly those of us who are a bit older.)

[cAPSLOCK]

In the rainbow channel, the black oscillator is a pale blue under-layer.

Where is 'black", sorry?
I see red, light blue, dark blue, yellow, green and purple.
Is 'purple' actually black?
Must be one of those color "illusions".

more importantly...where we are heading, then?

It's the one you're calling purple.  The oscillator at the bottom of the chart.
I called it black, though it's actually sort of dark brown, at least to my eyes.
Everything in my charts seems to imply that BTC will go up.  But I don't know.
All models are wrong, as the saying goes, but some are useful.

Your chart is fantastic.  And technicals are king.  But fundamentals are the other king.  And that will matter as well.

We are setting up for big moves.  Down is certainly possible.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Powerjumboo]

Kraken teams up with Mastercard to launch crypto payment solutions in the UK and Europe, enabling customers to spend bitcoin at millions of retailers.



https://x.com/BitcoinMagazine/status/1909722484691423729?t=HDcXSdbWfTS-m7AoorCJmg&s=19

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Oilacris]

If you ask me, I can say these fundamental news will just affect people who are not familiar with the market. However, the one who knows the meter well can understand that this will not affect the price in the long term. However, it's possible to make FUD, and even this can't be bad at all.
When the price goes lower, it gives a good chance for other people to buy in the chance they are going to have. That's why I'm just smiling no matter what Trump is doing to Bitcoin and crypto in his country.

Wayback into those gold old crypto years on which this market isnt affected by any news like these current political or institutional, except if there are some exchange hacks but now
it seems that it is way too highly reactive and already that getting along with those traditional sentiments and news. If you've been here on this market for a while then you can tell the difference.

Only noobs are the ones who do panic out whenever the price do make out corrections, they do always love or wanted to see long big candles. 

[Biodom]

Also... this is apropos to one of my previous idiotic posts:

Learn to see more levels deep.

It's a good thing.

...  there is much more going on behind the scenes.

Please, elaborate...i fugured out that too as a big trend, but don't have the details.
Aside of this, it is kind of telling that two sons of T have joined the bitcoin mining company.

The basic idea is that the monetary world is about to undergo a "phase shift" or maybe it is something comparable with the Earth pole shifts...they do happen over some time period that include a chaotic interval...just like now, it seems (in finances and economic alignment).

Two perspectives: is this like an early rise of Christianity or a decay and fall of the Roman empire?

The correct answer is probably ...both... as those periods were coincidental.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Gachapin]

I guess down in the high 60s before tax day... philip will be happily buying...

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

[edited out]

Your chart is fantastic.  And technicals are king.  But fundamentals are the other king.  And that will matter as well.

We are setting up for big moves.  Down is certainly possible.

Sorry to say.

There can ONLY be one king.

I guess down in the high 60s before tax day... philip will be happily buying...

It seems that there is momentum for continued downity... .. so yeah, the lower we go, then the more that it becomes possible to go even lower, even though we might have thought that it was going to be quite hard to retrace "all" of the Trump pump, but the impossible has not only become possible, it is starting to seem like close to 50% odds if not greater than 50% odds that sub $70k will at least be touched, whether a spike or otherwise.

At the same time, it also seems to me that if we are still "presumptively" in bull market, then breakouts for UP have to "by definition" be greater than breakouts for down, while at the same time, "the trend is your friend," even if it might not quite be enough to break us out of our current bull market..

At this point, I would likely need to see sub $65k in a bit of a sustainable way before I might start to worry that our current bull market no longer is in effect.

By the way, $57k is still currently 25% above the 200-WMA.. so, I have been recently saying that we don't go less than 25% above the 200-WMA during bull markets... so getting close to that price would also make me nervous, including that I am not exactly thrilled by the possibility of getting into the $60ks either.. even though, like Phil I am still buying, but I am not very happy about such buys, since they are largely only insurance kinds of things that make me feel less bad than if I did not have them.

It is not like any of us can really know how crazy macro events can end up fucking around with overall market sentiments for much longer than any of us would like, and if we were to go into a bear market from here, that truly would cause quite a bit of pain, even though I still had been thinking that the point of maximum pain would have had been the BTC price going up rather than it going down, especially for the so many normie low coiners and no coiners in the world that likely constitute somewhere in the ballpark of 99% of the world's population.  I thought that the low coiners and no coiners were going to be the ones getting screwed (especially the one who continue to either take no action or remain extremely whimpy in regards to their bitcoin allocation), even though surely if any of them have money, these would be good times to get started in bitcoin and to get into some kind of a regular buying of bitcoin... even though for poor people (and even for many, if not most normies), it surely takes a long time to build up an investment portfolio, whether bitcoin or any other investment portfolio that might include inferior assets.  Investing takes a long time, and normies are generally not used to investing in anything outside of their home and/or 401k, and surely many normies don't even have their own home ownership and/or 401k, either.

Edited: Read back through post and made a few tweaks 15 minutes after the original post.

[jojo69]

[philipma1957]

I guess down in the high 60s before tax day... philip will be happily buying...

Why would you thinks 60s are going  to happen .

My guess is 69 will not get breached.