Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 2434. (Read 26712883 times)

Explanation

CBDCs are just the desperate attempt of the government to out-do Bitcoin after seeing how Bitcoin is completely destroying fiat. They finally realized that they cannot ban BTC nor put a leash on Bitcoin and it will be the new, global money in the near future.

So what do they do? Create CBDCs and hope it becomes the new Bitcoin.

Too late. Bitcoin has already won.

Death toll at 2,441
Injured: 12,013
Missing: 2,000+
Rescued: 2,800
#Turkey > 1,541 deads and 9,733 injured
#Syria > 900 deads and 2,280 injured




Twitter
Twitter

Explanation

It seems to me that the 6-day mini correction is done and we are ready to lift off again.

Leverage is short again (51/49) which is promising for an eventual short squeeze even if price is to go lower. I'd be worried if this correction was leading to the market being over-leveraged long. Personally I'd prefer a bear trap towards the $21K area where price saw initial consolidation. Golden cross (circled) due to confirm tomorrow which should generate some "blind buying" in near future. Daily RSI has cooled off now and currently testing bullish level at 60. Definitely some bearish divergence on higher time-frames but the bearish correction could have already played out it seems.



Not convinced we'll be testing the 200 Day MA around $19.7K anymore. Many who have been around since 2019 know that a re-test of this moving average in order to turn it into support (post bear market bottom) isn't as necessary as many would like to believe. The irony being that in 2019 the 200 DMA was trending downwards still (bearish) so arguably was more likely for a re-test compared to this time around as it's flat (neutral).

I otherwise genuinely believe we are approximately where the green arrow is (time-wise) or at least entering this area, towards the end of consolidation similar to April 2019. ie currently breaking the 20 Day MA (orange line) for a bear trap. Back then the consolidation lasted approximately 4 weeks, and since the pump to $21K we are entering the 4th week of consolidation. Quite possibly, the final week.



I also realise many people are speculating already that this is the case, but it seems most are still bearish that price will inevitably re-test $20K levels before moving higher, or we'll make new lows. Everyone is otherwise forgetting that Bitcoin has so far performed much better in the current bear market (% decline wise) within the inflationary macro environment, than previous bear markets of 2018 or 2014.

They still say inflation is bad for Bitcoin, but nobody cares to explain why 14-15 months after ATH, Bitcoin's price has dropped considerably less (-77%) than previous bear markets (-83%). I'm otherwise ignoring the short-term noise, as price remains firmly within the accumulation/distribution level around $23K. I'ts already starting to look like another bull flag breakdown without bearish continuation.

Explanation

 

 Well, if it's any consolation, less than 9 million people watched in 2022 - I would imagine the numbers are even lower this year.  My sisters don't even watch anymore and they used to be loyal fans - one of them was at my place last night watching Country Living Vlog with us and she didn't even mention the Grammys.

Buy dat BitCorn
In eye of the hurricane pay
Store away for a stormy day

I don't have so much confidence as to presume that the bottom is in.. even though the odds do seem to be getting better that the bottom is in.. but I am not sure how high of a percentage that we can proclaim it to be... Perhaps greater than 35% odds that the "bottom is in?"   Am I too bearish with those kinds of numbers that might suggest that there could be greater than 35% odds that the bottom is not in?
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Hey Jay
For what it’s worth… I think we have a 40% chance of retesting 20k$ and 20% chance of retesting 17k$  Currently 22,800$
Lots of moving pieces with Bitcoin TA that wasn’t the case in the early days of RSI and Bollinger bands….Now It’s a mosaic of moving pieces and hidden motives!  We have all the talking heads chiming in like experts… Charlie Munger with his one eye and group of cronies… no doubt they will pull out all the stops and do everything to stop Bitcoin before the next halving in approximately 3/18/2024. I could go on and on … and write my own oped but no one cares 😝
2023 will be a crazy year of uncertainty imho…
Cheers 😎

Explanation

https://twitter.com/BitcoinMagazine/status/1622602289402740738?t=1Ou4PEa9WpTXbbkN3zyx1w&s=19

Explanation

What is happening to the USA?   

https://www.youtube.com/watch?v=QWEmhKJizho&ab_channel=MarkDice

Explanation

Explanation

Bitcoin lies still
In a sea of calm, no waves
Price movement slows.

Explanation

Zimbabwe should have adopted one, then it could have had a digital hundred billion dollar note.