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

[LFC_Bitcoin]

Every time the price starts to recover lately and seem on the verge of a breakout, some assholes market dump a large amount of Bitcoin. The price action is so unorganic. From $115,400 to $112,400 (and going lower) in 1H Darth Maul candle.

Such a captured asset this year, it’s upsetting, all whilst Gold ripped to huge all time highs (now correcting) and stocks have been hitting all time highs every day seemingly, including today. Bitcoin is so weak, where are the bulls, where are the buyers?

[El duderino_]

There is a lot of leverage that gets liquidated if we fall back to $112K and that is also where the CME gap is...  So I think it is safe to say we need to dip and remove those leveraged longs before the next leg up...  Hopefully a massive leg up to short squeeze everyone at $125K. 

With Polymarket now showing a 53% chance that we hit $130K by the end of the year and being found to be 95% accurate a month out...  One last rally to a new ATH seems more likely than not at this point.

So that’s done

[Biodom]

Every time the price starts to recover lately and seem on the verge of a breakout, some assholes market dump a large amount of Bitcoin. The price action is so unorganic. From $115,400 to $112,400 (and going lower) in 1H Darth Maul candle.

Such a captured asset this year, it’s upsetting, all whilst Gold ripped to huge all time highs (now correcting) and sticks have been hitting all time highs every day seemingly, including today. Bitcoin is so weak, where are the bulls, where are the buyers?

Everyone wants somebody else to be a buyer when they are sellers or projected sellers..it's natural.
My opinion-WS shenanigans.

[Biodom]

There is a lot of leverage that gets liquidated if we fall back to $112K and that is also where the CME gap is...  So I think it is safe to say we need to dip and remove those leveraged longs before the next leg up...  Hopefully a massive leg up to short squeeze everyone at $125K. 

With Polymarket now showing a 53% chance that we hit $130K by the end of the year and being found to be 95% accurate a month out...  One last rally to a new ATH seems more likely than not at this point.

So that’s done

yeah, but not because there was that "stupid" gap.
i bought one biotech in 2012, it gapped from about $2 to $7, corrected to $4.5, then went to $13, then to $50, then down to $13, never closed that $2-$4.5 gap.

[gallianooo]

Another firm rejection at 116K. The probability of moving lower into the monthly close is rising unfortunately.

[ESG]

~

~Of course that is an extreme example but all throughout history those in positions of power use false flags all the time to push agendas of control.

Your example is not extreme, and there are still more things to happen that are not being discussed.
  Maybe they've even taken control, and they're just waiting for the right time to announce it.
  that would be an exaggerated example.

You can believe whatever you like in regards to the extent to which you believe anyone controls bitcoin, or they would like to create the impression that they control it and/or they would like to try to control it... and also you can figure out how much to invest into bitcoin based on your own presumptions that may or may not be correct and have fun staying poor if you are failing/refusing to recognize the paradigm changing nature of bitcoin and at the same time wanting to plug it into known categories so you can come to simple and lame-ass explanations in regards to what you believe bitcoin to be, how it got to where it is and where you believe it might be going.

But how so? Just because I expressed my opinion, I don't believe in his potential? If this fork really happens in 2027 as he proposes, nothing will change in I believe in its potential, I just believe it should be focused on security and value transfer. Since BRC20 I already think so, and I haven't changed my opinion about its potential., and I still say again, 'it's better for me to go fishing than to be reflecting bullshit,...

 but what about you, do you think it closes October above or below 114079?

(#)
Here it was raining these last days, but now the weather started to clear!
>


(/#)

[OgNasty]

There is a lot of leverage that gets liquidated if we fall back to $112K and that is also where the CME gap is...  So I think it is safe to say we need to dip and remove those leveraged longs before the next leg up...  Hopefully a massive leg up to short squeeze everyone at $125K.  

With Polymarket now showing a 53% chance that we hit $130K by the end of the year and being found to be 95% accurate a month out...  One last rally to a new ATH seems more likely than not at this point.

So that’s done

Yup. The market around Bitcoin has matured to the point where the only way it doesn’t fill these CME gaps are if we absolutely rocket to the moon or have a massive crash on a weekend. There are just too many options trading for these little gaps to not fill. Looking at the heat map of leverage, it was beyond obvious that we would revisit this level.

Polymarket now showing 48% odds of reaching $130K. Truly showing how split the market is on whether or not we will see one last high this cycle.

[Biodom]

Why NVDA gap never closed?
...it got options, lol.
You may say that it is likely, but there are no guarantees.

In fact, if tomorrow (or the day after) US would announce that it revalued gold and purchased $10bil worth of btc with value from that certificate, THAT gap would never close, imho..as long as markets remain fully functional.

[LFC_Bitcoin]

Why NVDA gap never closed?
...it got options, lol.
You may say that it is likely, but there are no guarantees.

In fact, if tomorrow (or the day after) US would announced that it revalued gold and purchased $10bil worth of btc with value from that certificate, THAT gap would never close, imho.

Just off the top of my head, there are gaps at $9,000 and $92,000 that haven’t filled.

By the way the current one isn’t fully closed until $111,000 so we are probably going lower.

[vapourminer]

options.. gaps.. leverage..


pfft

just hodl works for me but what do i know lol

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

options.. gaps.. leverage..


pfft

just hodl works for me but what do i know lol

That is the method that works best! I am also hodling, but I like to know why the market is doing the things it is doing as it keeps me from being surprised like the people who are saying we’re in a supercycle will be next year. Some people don’t understand what a CME gap is or how it influences trading prices so I’m happy to provide the analysis.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BitHodlers]

I would yell at both... but I am too old for this shit.

I see you are a man of talents.

Fairly recently, you were largely making the same ad hominem arguments that Core folks have been making, in terms of proclaiming that normies don't deserve to comment on some of these topics if they are not "smart" enough or they are not "technical" enough to be able to participate on the "technical" level.. which is not a very strong position when it comes to something like bitcoin.

Ooh, I stay in my lane all the time. I would not give much opinion on someone's technical analysis of the market or this stuff going on here that's why I sent a meme. I guess I'm committing this ad hominem against myself too. Thanks mom for making me like this.   Here's another meme instead.



Makes me wonder how it will look like in 10 or 20 years.  

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

https://www.yahoo.com/news/articles/ford-doubles-down-reagan-ad-205038559.html


FORD brings a smile to my face.

[Biodom]

stupid captcha ...

OT: NVDA is almost 5 tril $$ market cap.
What next? 10 tril or 1 tril?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

stupid captcha ...

OT: NVDA is almost 5 tril $$ market cap.
What next? 10 tril or 1 tril?

6 or 7 tril

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com