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

[d_eddie]

Ouch

Ouch indeed

Get to the bottom
Like a helter skelter ride
Go back to the top




#haiku

[AakZaki]

Within a day, $1.04 billion worth of long positions were liquidated, and people are still pushing their limits, while the short- to medium-term Bitcoin trend remains bearish. The RSI and MACD indicators indicate strong selling pressure. I currently see a rebound at the 0.236 Fibonacci level, and I hope it holds. However, if not, we could see Bitcoin below $100,000 in the next few days.

[AlcoHoDL]

Some more day historical price analysis. As per fillippone's and blomen's suggestions, I've replotted the day price heat map, but this time computing percentage changes per day, i.e., each dot's color represents the price percentage change from open to close:

% change = 100 * (price_close - price_open) / price_open

I was expecting the 4-year cycles to become more pronounced in the percentage price changes heat map, but instead, they have now disappeared in the noise. Here's the resulting heat map:



Compare the above, with the original, absolute price changes heat map I posted earlier (reposted below):



Interesting...

Can you guess which dot corresponds to mindrust's selling of his 10 BTC?

[philipma1957]

I see a lot of dip coming my way.

Maybe I finally get a decent amount of coin.

[Lucius]

Coordinated manipulated dump from Binance and his overlord superior Blackrock to liquidate more longs.

CZ gifted a pardon for obvious reason.

Pardon given to serve his dark master - and DT was obviously very interested in recruiting CZ, because to him every victory against China (the Chinese) is something that makes him happy.

I don't normally use AI, but some random generator threw this out for me so I'll share it here with everyone.

[vapourminer]

^

I don't normally use AI, but some random generator threw this out for me so I'll share it here with everyone.

oh man my ignore list beckons

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[cAPSLOCK]

I was just about to reply to my own post about the Cap Gains rumor and I think I just accidentally deleted it.

which I suppose is okay anyway because it looks like it really is an unfounded rumor. That account usually doesn't repost those so I kind of knee jerked.

There are a lot of mentions of this rumor out there, but I don't think anything's solid.

[SPIDERMAN008]

Ouch

Ouch indeed

Maybe The Beatles didn’t throw me and just showed me the bottom.
So I could see the top again more clearly.
 ll rise again block by block

gravity can't begin to pull me back to the ground again  Halo D

[gallianooo]

X market sentiment  

Bottom in or soon ?

https://x.com/DreadBong0/status/1985317443745550352/photo/1

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

I am not trying to stomp on anyone's dreams but the Tesla truck looks like it's from a 90's 3D game.

Even earlier!


https://www.nuketown.com/battlezone-ready-player-one-video-game-replay/

SO many quarters into this thing...

We played it for free, if you built up static electricity and touched the quarter it would ring up a free game!
I found this out by accident.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

Interesting...

Can you guess which dot corresponds to mindrust's selling of his 10 BTC?

Yep.  It is the red dot 🔴 that is at the intersection that is across from the 2020 and up from the 15

[JayJuanGee]

I see a lot of dip coming my way.

Maybe I finally get a decent amount of coin.

If you are even in a position to buy a bunch of coin, then you are and have been too much in cash. 

But, hey. What else is new?

You try to act like you are sufficiently in, but you are not.  You are always hedging for downs that may or may not end up happening.

[OutOfMemory]

Interesting...

Can you guess which dot corresponds to mindrust's selling of his 10 BTC?

Yep.  It is the red dot 🔴 that is at the intersection that is across from the 2020 and up from the 15

I remember that day. In the morning i read mindrust's confession.
The drop was the final signal i waited for to mark the bear bottom.
I never ever expected him to sell exactly there, it was quite a surprise.

EDIT: Ugh, i see a lot of liquidity on the way down to $101k.

[Hueristic]

I am not trying to stomp on anyone's dreams but the Tesla truck looks like it's from a 90's 3D game.

Even earlier!


https://www.nuketown.com/battlezone-ready-player-one-video-game-replay/

SO many quarters into this thing...

We played it for free, if you built up static electricity and touched the quarter it would ring up a free game!
I found this out by accident.

Hah, I was in the shower remembering my days as a kid going to aladdins castle everyday while bunking school and it dawned on me that it wasn't battlezone that popped games, is was tank.

[JayJuanGee]

X market sentiment  
Bottom in or soon ?

https://x.com/DreadBong0/status/1985317443745550352/photo/1

What a fantasy life that some people live, and don’t even understand the asset, to the extent that there might be any tinge of seriousness contained therein.

[shahzadafzal]

“JUST IN: 🇦🇪 UAE's second largest telecom provider, du, launches Bitcoin cloud mining service.“

Not sure how will it work but as per the news it will be a regulated Bitcoin mining with du's Cloud Miner for the UAE residents. Cloud Miner lets individuals mine Bitcoin by renting computational power instead of setting up their own equipment. It will be subscription based with 24 months contracts. Auction will start on 3rd of November.

https://x.com/watcherguru/status/1984932846671212689

So, the bitcoin cloud mining auctions started today, and they are offering 250 TH/s for 2 years at approximately $12,523 (46,000 AED).

You have to place a bid, and the highest bidder will win, at moment highest bid is 46,500 AED



Now, let’s say you have your own Bitcoin miner with the same hash rate (250 TH/s), and you factor in the average cost of commercial electricity per kWh in the UAE



I’m still not sure how this would be profitable with cloud minor.

Now if Bitcoin price goes to $250,000 in two years then profit with same 250TH/s minor at home could generate +$4,777.68 Profit / year. Of course the difficulty won't be same anymore and that will reduce the profit.

[OutOfMemory]

What a fantasy life that some people live, and don’t even understand the asset, to the extent that there might be any tinge of seriousness contained therein.

I find it to be more fun, actually.
Speaking of fun:
What's the opposite of Hopium?
Fearntanyl?