Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4722. (Read 26609666 times)

I don’t think this China housing crash is “out of nowhere”..

Iirc I read a week or so ago that China passed new regulations something something about making housing available/affordable to more of the commoner types..
Basically price fixing housing costs down so their people didn’t have to be rich to afford an apartment..

And then all the big real estate companies crash..

Let me look it up..

Explanation

Looking over on the Bitcoin Futures chart, this IS the sort of golden cross investors will be interested in buying. Price is above both the 50 & 200 MA, where price is notably beginning to find some buying pressure:



The death cross sell signal of $32K was notably awful, to the point where it looked like a fake-out rather than a legitimate selling opportunity (with any sense investors would wait for a re-bound, instead of immediately selling based on this signal). Given within 2 months the golden cross will arrive, this more of less confirms the theory due to the short time-frame between these crosses, with confirmation arriving tomorrow.


This to me explains why price hasn't capitulated further after the break of $42,900 local lows, which is what most would expect at that point. Instead price is finding support in what appears to be the "middle of nowhere" on the spot chart after failing to find support above the 200 Day MA (post golden cross), but is otherwise finding buyers at key support on the futures chart. This suggests that $40K doesn't require re-testing after all, neither does the full extent of the volume gap around $40K-$44K, if price is able to bounce from the middle of it that is.



Nonetheless, a break below $42,500 tomorrow would likely result in a retest of $40K. On the 4hr chart, the bulls need a close above local resistance to confirm new local lows.



Now that enough spot traders are feeling bearish with the break of the 200 Day MA, I'm feeling a bit more bullish. Still 55-45 regarding a re-test of $50K before a re-test of $40K.

Bought $44K.
Waiting my another order $42K and $40K to get filled up...

The one good thing about the correlation with the legacy markets is that when they do throw money at this dip, Bitcoin will boom along side it.

Just remember the covid crash last year and what happened after it. Also, don't do as mindrust did and sell the bottom.

@kraken    #bloodinthewater

The spice must flow.

Conspiracy theorist. Self thinking is not wanted. Let the news think for you. They will never lie to the public.

So let's see... 1. Stimulus checks over. 2. Unemployment payments ending. 3. Housing moratoriums ending, evictions starting.

Thus consumer spending and GDP falling like a brick.

And now, liquidity crises around property developers in China suddenly appear out of nowhere.

Coincidence? I think not. The Fed & Treasury took away the punch bowl too soon.

If the stock market tanks significantly, then just watch as U.S. Congress not only raises the debt ceiling, but they'll vote for and pass another multi-trillion $$$ "stimulus plan" so fast that it'll make your head spin.

Gotta avert that crisis. All by design.    

And the sheeple will applaud.

Explanation

The issue is probably privacy by default, and it's not. You've got to work a little bit (just a little bit, not too much) to get additional privacy by confusing others who may be looking (and they are all looking). So we have stuff that got invented or discovered such as CoinJoin and then you have altcoins or shitcoins that are working on this aspect, so they are considered "privacy coins".

Bitcoin is "good enough" but not for very large amounts because the anonymity set is still limited. You can do some CoinJoins with some new wallets such as Wasabi or JoinMarket, and you can even use centralized mixers or services or exchanges or gambling sites and most "normal" people won't be able to track you. I do just enough so that I'm not in any trouble and just do a couple more hops so my coins look normal.

Can't wait for the new taproot stuff, should be able to do better CoinJoins as well as cheaper multi-sig transactions.

It's the story of 2 people running away from the bear. You don't have to outrun the bear, you just need to outrun the other guy.

Bitcoin with a little ripple, thats a drop (-87.01%)
https://mobile.twitter.com/Jkylebass/status/1439908927370633217
The Chinese house of cards on the move

I've kept saying that godzilla is going to use his laser eyes.. or laser breath.

Holy shit I'm poor !

Wait a minute, didn't I have set up a nice ladder of buy orders ?

Checks exchange.

Holy shit I'm rich !

Explanation

https://twitter.com/btc_archive/status/1439930898095484937?s=21

Good time to buy the dip

Well.. So we will see very soon if PLAN B was right or invalidated..

PS : again because of f****ing chinese ?? 

Explanation

Yes, we all know you are so powerful that what the Bitcoin market does depends on you. 


I don't think exactly like that, I always prefer to see the price go up, but I was planning to buy today, so it won't be bad for me.

It seems to be listening.