Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 237. (Read 26462970 times)

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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.

LOL, their keys were on the Bismark!

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

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Close

No need. Germany just declared war on itself.

Is it time to declare war on Germany yet?

Brussels or Ghent
Belgium

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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

I don’t think you’ll find anyone in this thread to disagree with that.

Kurzsichtig

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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.

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Not sure if they sold the 16 000 BTC  sent today.. or if most of them are only in CEX but not filled yet..