Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5816. (Read 26710296 times)

TA Update:



Dragon's Snout pattern confirmed.

Proudhon's been around far too long to be Musk.

Man, you're a legendary now. You can't have my last merit anymore - no matter how much sense you make. 

+1 WOsMerit

it could be him and an assistant or two. many execs delegate  some of the paperwork.

Sucky blockfi reduced the interest to 0.5% for over 20btc.
Soon it would be a zero or a negative number, just like GBTC premium (negative right now).
This does not look good as far as the desirability of these services.

Yeah, stinky trolls showing their true faces... 

Not that bad in this case, either. Unfortunately.

Several years ago proudhon had the highest or second highest post count on the forum. In a time where Musk was likely working on building a rocket ship and electric car business so I doubt it is him.

The general tone is in the right place, but does account age check out?

I think the problem is I'm looking at the used cars, they may need to be sold in $$$. I could just go to the dealership but I'm lazy and to be honest I have the car thing covered for the next year or two.

Just got new tires on the Porsche. I was looking at the $500 ones but then thought "get the good ones" and $1.2k of Pirellis are now under the rims.

Your math is absolutely right. The correction is only 12.9% from all time high. Let's talk about next probable  move of BTC. Technically speaking, BTC is still Bullish though it has broken 20 Days MA but still above MA50 on daily chart. It can bounce back from here and next resistance is 55,550

We might break $52k, back to being poor.. i guess

Is the bubble bursting??

wait are we panicking? i didnt miss it did i? hope not, i hate missing a good panic.

GME (GameStop) down 33% today. Ouch.
https://finance.yahoo.com/quote/GME/

So...now that the bitcoin price has some ties to the stock market due to ETFs and companies getting involved it may react at times to the same things the market reacts to in the short/medium term.

One thing I have been keeping my eye on that most people aren't talking about is this:

https://www.msn.com/en-us/money/markets/fed-to-end-covid-19-capital-break-it-gave-wall-street-banks/ar-BB1eL21A

Back around September things got a bit crazy.

Every bank must have on hand at the end of the night, X amount of dollars to cover their accounts. In order to ensure that they comply with this regulation there is a simple loaning structure where if a bank is a bit low that night they just borrow it to cover the amount.

One day it happened that many banks did not have enough funds and thus the interest for the loans shot up over 10%. An unprecedented amount, usually it's less than 1%.

The Fed stepped in and ended the regulation temporarily. Banks did not need to keep reserves to cover their accounts until an undisclosed future date.

That date has arrived. At the end of the month the change expires and banks have to go back to how they were.

This is making the market nervous...what will happen on April 1st? Nobody knows. Will the banks have enough to cover their accounts?

Any rally will likely be postponed until April 1st as everyone waits.

Biden is coming in like a knight in shining armor promising to blow $3 trillion on some bullshit so bitcoin isn't going away any time soon.

Are my eyes tricking me or are stonks tanking, too?

I must say that I agree with those who feel something is not right about these regular dips. I think the chances are 60/40 for a manipulative/normal trading. The first obvious thing is that the same pattern repeats for 8 hours around the same time each day for the last 2 weeks. Judging from the time, they are caused by some individual/entity living in the central parts of USA. It could be a single whale with 50K+ coins, or an OTC desk with multiple orders of selling between 55K and 60K. I can also see the ladder on the ask book on Coinbase for some time up to 70K. This is caused by one individual who also contributed for the 3K wall that existed up to 60K before the first breach. And probably have market sold thousands BTC's around that price.

But what bothers me is that some individual hurried to sell just before the arriving of the stimi checks, as if being afraid the price may go up. And it looks that he is not happy that the price manages to stay above 53K and keeps putting pressure with small but timely sells just to make the hour candles red. Today he hurried up again after the good news from Tesla to stop the pump. I know that the things may only look that way and it could be just the high frequence trading effect. Still, there are a few people owning >50K BTC's and also being quite hostile to Bitcoin. Today for example it became clear that Tesla will not accept the forks of Bitcoin. And this is a rusty pipe in the asses of two morons, whose names are like shit and not worthy to be mentioned here. One may ask what is the financial interest in these dumps? Honestly, I have no idea. Why some morons sold BTC's in the past and bought forks that are no longer recognized and their price is next to 0? Why Willy Woo included in his charts twice false data of 30K BTC's moved to Gemini, and other similar false news that he tweeted about? So, yeah, there are few more enemies who may hold the price for a day or two, but soon everything will return to normal and the mass adoption will lead to much higher prices in the next months. Meanwhile the exchanges reserve is continuing to decrease and other indicators show that hodlers sell much less than in the beginning of this bull run. So now the bears are in the pathetic position to try to break 53K just to be stopped at 52K   It is like the amateurs football team playing with professionals counting only the times they kicked the ball  

Witnessing a short-lived flash crash down to $53k. Climbing back up slowly...