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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 470. (Read 26466283 times)

legendary
Activity: 3808
Merit: 7912
Buddy, Buddy. Wherefore art thou Buddy?

Richie? You didn't murder our premier WO contributor did you?

Hopefully he's just been busy working on his tax return.

I sure hope he's OK.

As far as I can tell talkimg seems to be back to normal once again; Buddy should wake up soon.
legendary
Activity: 4116
Merit: 4738
You're never too old to think young.
Buddy, Buddy. Wherefore art thou Buddy?

Richie? You didn't murder our premier WO contributor did you?

Hopefully he's just been busy working on his tax return.

I sure hope he's OK.
legendary
Activity: 2050
Merit: 1184
Never selling
Actually I have never seen BTC immediately pump on good news …. Always taking its time

It does sometimes, I specifically remember it happening with the news of Tesla buying some coin, but most times it does not.

didnt those 2 fake etf approval tweets, one from some crap online "news" site and one from a compromised government twitter account, also result in instant pumps (and of course immediate dumps when corrected)? and then the real etf approval comes and it drops.

yup just btc performing as usual.

Yeah, think I remember that.
legendary
Activity: 4354
Merit: 3614
what is this "brake pedal" you speak of?
Actually I have never seen BTC immediately pump on good news …. Always taking its time

It does sometimes, I specifically remember it happening with the news of Tesla buying some coin, but most times it does not.

didnt those 2 fake etf approval tweets, one from some crap online "news" site and one from a compromised government twitter account, also result in instant pumps (and of course immediate dumps when corrected)? and then the real etf approval comes and it drops.

yup just btc performing as usual.
legendary
Activity: 2128
Merit: 1884
Verified Bitcoin Hodler
60K seems to be the next most likely support level on the weekly chart for Bitcoin/USD. I still believe that selling now is a dumb idea.
After that 48.5K - 51.6K slightly likely. And lastly, a bounce from 38K highly unlikely, yet possible.


https://www.tradingview.com/chart/BTCUSD/Up1vjifA-goldkingcoiner-s-BTC-Prediction-for-Q2/

Edit: I am setting aside some fiat for buying @54k, just in case.

edit:Excuse the lazy and inaccurate line drawing.

legendary
Activity: 1819
Merit: 5547
Neighborhood Shenanigans Dispenser
legendary
Activity: 2050
Merit: 1184
Never selling
What is going on in Asia? Are they not interested in Bitcoin ETFs?


https://www.coindesk.com/markets/2024/04/30/bitcoin-slips-under-62k-as-hong-kong-etfs-disappoint/

Also, has anyone heard anything behind the coming BTC ETF adoption in China? (uncornfirmed)

Hong Kong ETFs proved to be irrelevant, as widely expected.
There were some pretentious problaim by issuers about front loading of orders and volumes, but they proved to be inaccurate, to say the least.

Just remember that mainland China investors were not allowed to buy those.

Also ETH ETF, that were the true novelty of this launch left market unimpressed.


I think what it also shows is that global liquidity just isn't flowing right now. We've probably been lucky to hold onto the price we have. Liquidity will increase again, probably this year, in the meantime though we just have to wait it out.
legendary
Activity: 2268
Merit: 16328
Fully fledged Merit Cycler - Golden Feather 22-23
What is going on in Asia? Are they not interested in Bitcoin ETFs?


https://www.coindesk.com/markets/2024/04/30/bitcoin-slips-under-62k-as-hong-kong-etfs-disappoint/

Also, has anyone heard anything behind the coming BTC ETF adoption in China? (uncornfirmed)

Hong Kong ETFs proved to be irrelevant, as widely expected.
There were some pretentious problaim by issuers about front loading of orders and volumes, but they proved to be inaccurate, to say the least.

Just remember that mainland China investors were not allowed to buy those.

Also ETH ETF, that were the true novelty of this launch left market unimpressed.
sr. member
Activity: 1296
Merit: 294
''Vincit qui se vincit''
legendary
Activity: 2128
Merit: 1884
Verified Bitcoin Hodler
What is going on in Asia? Are they not interested in Bitcoin ETFs?


https://www.coindesk.com/markets/2024/04/30/bitcoin-slips-under-62k-as-hong-kong-etfs-disappoint/

Also, has anyone heard anything behind the coming BTC ETF adoption in China? (uncornfirmed)
legendary
Activity: 2050
Merit: 1184
Never selling
Actually I have never seen BTC immediately pump on good news …. Always taking its time

It does sometimes, I specifically remember it happening with the news of Tesla buying some coin, but most times it does not.
legendary
Activity: 2604
Merit: 12743
BTC + Crossfit, living life.
Actually I have never seen BTC immediately pump on good news …. Always taking its time
legendary
Activity: 2050
Merit: 1184
Never selling
So when we go up?  Roll Eyes

Doesn’t look like the Hong Kong ETFs are going to have a massive impact. At least not immediately. I figured we would at least see Ethereum pop a little as it has a smaller market cap and has no American ETF, but I think the fact that it didn’t shows that there may not be much in the way of inflows coming from Hong Kong.

There was a selloff after the US ETFs went online too, maybe this is a similar thing? Though your explanation seems likely.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
So when we go up?  Roll Eyes

Doesn’t look like the Hong Kong ETFs are going to have a massive impact. At least not immediately. I figured we would at least see Ethereum pop a little as it has a smaller market cap and has no American ETF, but I think the fact that it didn’t shows that there may not be much in the way of inflows coming from Hong Kong.
legendary
Activity: 2604
Merit: 12743
BTC + Crossfit, living life.
legendary
Activity: 3836
Merit: 10832
Self-Custody is a right. Say no to"Non-custodial"
"Bitcoin pyramid" according to James from investanswers (he also references some research team):
https://www.youtube.com/watch?v=3kqYcGBARZM
Place yourself in the pyramid  Grin

I had never seen an actual video on the topic, so that was a nice short and interesting breakdown.
legendary
Activity: 3808
Merit: 7912
Hong Kong Market opens in:



 Bitcoin is so exciting.


any boost in pricing?

 I think there was a bit of front-running but then the price dropped a bit.  It'll go up Smiley
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
Hong Kong Market opens in:



 Bitcoin is so exciting.


any boost in pricing?
legendary
Activity: 3892
Merit: 4331
"Bitcoin pyramid" according to James from investanswers (he also references some research team):

https://www.youtube.com/watch?v=3kqYcGBARZM

Place yourself in the pyramid  Grin
legendary
Activity: 3808
Merit: 7912
Hong Kong Market opens in:



 Bitcoin is so exciting.
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