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

[ChartBuddy]

Explanation
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[Greyhats]

I have to say, I've been around here long enough to where it gives me the deluxe heebie jeebies when LFC starts seriously talking about selling and market tops.

I get it but I thinks it foolish. The bit that is kind of being ignored today in the fed announcements is that they are ending qt Dec 1st. As they move to qe cycle that really means money printer officially goes brr. The butterfly effect will mean asset prices increase especially riskier assets. It doesn’t guarantee that bitcoin will benefit from it but letting it play out seems the more sensible thing to do than selling before it’s had a chance to play out. No guarantees and I’m sure everyone has their own opinions on it. I’m definitely cautiously optimistic

This is really good explanation of QE, if anyone is interested in learning more about it.

https://fedguy.com/quantitative-easing-step-by-step/

[ChartBuddy]

Explanation
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[Searing]

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.

Bitcoin: "You Merciless Bitch". I've not idea what is going on with price...never will and never can..IMHO.

So price dumps when France announces today that they want to get 2% of all BTC in the world by extra electric from their various sources and mine..and

also what they seize and other methods for national btc treasury or at least a law was proposed for such

and Bitcoin: The Merciless Bitch, that it is...goes down like $3k in price

and people wonder why I always HODL and never sell BTC. Sheesh...explain this all to me..'use small words'

LOL.  I didn't realize those were considered big words.  If "leverage" and "liquidated" seem like complicated words to you then you are probably much better off in the long run.  At least you will never lose all your money because Bitcoin made a 2% move in the opposite direction you were expecting.

Largest word used was amount.

I should use total.

As it is a letter smaller.

The best word is no word (or something like that).

"OK I do not know but if I hodl and dca my btc rises."

Yep in the past 2015....and before I would sell at always the wrong time...it was so bad to this day I have btc/crypto friends that would get really, really, pissed

if I sold anything and did not tell them in that 9 out of 10 they would buy and make a killing...recently got laughed at about this and TOLD this was still in place

so yeah...boring got me into BTC and boring keeps me HODL'ing BTC....to far down the line to change now

I have no 'skillz' in timing anything in my life at all...why should this be any different?

[OgNasty]

I have no 'skillz' in timing anything in my life at all...why should this be any different?

That’s a little bit depressing. Maybe you just haven’t found your opportunity yet. The fact that you are here at all I would say makes your timing better than the vast majority of people on this planet. It may be difficult to see that now, but I bet in a few more years when you look back you’ll realize it is the truth.

Trump and Xi meeting now. This will either be really good or really bad for markets.

[ChartBuddy]

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[ChartBuddy]

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[Hueristic]

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[Paashaas]

Rate cut - quantitative easing restart - quantitative tightening ending - China U.S trade deal - gold ATH - hash rate ATH - record ETF inflow - low supply - adoption - tech stocks ATH and so on.

Seems like nothing can make Bitcoin pump anymore.

[SuperBitMan]

I have no 'skillz' in timing anything in my life at all...why should this be any different?

That’s a little bit depressing. Maybe you just haven’t found your opportunity yet. The fact that you are here at all I would say makes your timing better than the vast majority of people on this planet. It may be difficult to see that now, but I bet in a few more years when you look back you’ll realize it is the truth.

Trump and Xi meeting now. This will either be really good or really bad for markets.

OgNasty you are right, being here gives one a lot of knowledge on how to go about your investment and you may be very good without even realizing it, a lot of people became very knowledgeable about Bitcoin because they are here and Yes being here will make one's timing better as long as you are always active here it will be better, and the reason why is because all our discussion here is about Bitcoin and how is going, it's been discussed and talked about everyday.

One of the things that where agreed on the Trump and Xi meeting is that the U.S. government will reduce tariffs on Chinese goods, and China agreed to resume buying U.S. soybeans and keep rare-earths exports flowing you can read more here

[ChartBuddy]

Explanation
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[SPIDERMAN008]

Rate cut - quantitative easing restart - quantitative tightening ending - China U.S trade deal - gold ATH - hash rate ATH - record ETF inflow - low supply - adoption - tech stocks ATH and so on.

Seems like nothing can make Bitcoin pump anymore.

This has happened before. But there has been no pressure on all these things at once.
And the old meltdown does not create new excitement in the market.
The price of Bitcoin has been in a range for a long time.
I think the price of Bitcoin will slowly ups and down or continue to rise at a slow pace until something unexpected happens.

[ChartBuddy]

Explanation
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[P_Shep]

Splashing out on FLAVOURED noodles!?

Get you!

[ChartBuddy]

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[Franklyn-wood]

Do you think this is the current market cycle?


Take a bold step

The price of Bitcoin has been rising and falling like a dick head without enough blood flow within the venous muscles.
Do you think this is the recent pattern that price of Bitcoin has been following?

[ChartBuddy]

Explanation
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