Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Phil_S]

An excellent way to pretend that no change is required is to blame “professional agitators” and “paid protestors”.

Once you have convinced yourself the movement is fake, then there is no longer any need to deal with underlying causes such as systemic racism, low wages and police brutality.  

There is nothing wrong in America today. Congratulations for doing your part in supporting America’s elite.  We couldn’t suppress an entire nation without your willing help.

Well said.

Yet according to Susan Rice ithe whole thing is Russia's fault.

[Syke]

Well, yes kind of. I'm at least hoping that he has enough integrity to be impartial. And I'm willing to bet that there is going to be a second autopsy as well, that should be a good reason for him to try and keep it clean.
But I know nothing about autopsys and how coroners work, I'm just referring to the prel. report.

Final report: Homicide by LEO.

https://content.govdelivery.com/attachments/MNHENNE/2020/06/01/file_attachments/1464238/2020-3700%20Floyd,%20George%20Perry%20Update%206.1.2020.pdf

[Wekkel]

Back in the channel 



And of course:

[Phil_S]

Don't want to ruin the party here but I see the 10k top as yet another Bart move. Sorry Wobservers, I will not consider anything bull until 16k.
If I am proven wrong, I will be happy too.  

What party? I don't see any rockets, trains or questionable green objects. 

We're waiting for 10500 here.

Somebody told us it's a magic number for some reason.

[serveria.com]

Don't want to ruin the party here but I see the 10k top as yet another Bart move. Sorry Wobservers, I will not consider anything bull until 16k.
If I am proven wrong, I will be happy too.  

What party? I don't see any rockets, trains or questionable green objects.  

We're waiting for 10500 here.

Somebody told us it's a magic number for some reason.

Not sure about others but I'm waiting for at least $50k. That would be big. $10.5k, $12k or $16k somebody mentioned here are non-events. I'd agree that a new ATH would be a substantial milestone but still not enough to make me sell ... 

[serveria.com]

Don't want to ruin the party here but I see the 10k top as yet another Bart move. Sorry Wobservers, I will not consider anything bull until 16k.
If I am proven wrong, I will be happy too.  

So up from 3k to 10k is not bull enough for you? 

[fillippone]

https://twitter.com/_connerbrown_/status/1267311826003525633

This past week miners have sold 673 more bitcoin than were generated. We are seeing capitulation from inefficient miners, but prices are holding steady.

What do you think happens when these miners are finally shaken out?

How does he obtain that data? I am skeptical.

I think this is the soure of the graph:
https://terminal.bytetree.com/bitcoin

Just click on the on-chain tab.

I am skeptical too on this indicator.
Once the coinbase is mined can sit there and the miner can sell very old coinbase, or on the contrary the coibae can be moved immediately to pool's participant.
BOth this facts can dramatically change the result of the indicator.

I don't know: It would be intresting to figure out how much is the flow of money from miners (or rather pools) to exchanges. this is actual selling to pay for running expenses (hardware, electricity bils etc.).

[alevlaslo]

[Globb0]

Back in the channel  

Im baaaaaack!

Im baaaack in the channel again!

Snake strikes at flagpole

[Paashaas]

What a surprise, stock markets rally on riot optimism.

[Wekkel]

What a surprise, stock markets rally on riot optimism.

More stimulus. The only thing that matters in the markets today.

[somac.]

What a surprise, stock markets rally on riot optimism.

More stimulus. The only thing that matters in the markets today.

Yep. The war between capital and labor continues, history says "always bet on capital".

[Wekkel]

I'd rather say, the war between the ruling elite and the rest. And the rest is being divided between themselves very easily (again).

There is no:

• black vs white
• capital vs labour
• rich vs poor
• left vs right
• young vs old
• x vs y

The most frustrating part is that sufficient power could be taken away from suppressors just by opting out.

The non-violent act of buying Bitcoin.

[Bossian]

So if I see well, the top line considers the wigs of the candle, while the line just below considers the body of the candles. I thought the latter was more relevant (wigs are not really meaningful) when looking at long term trend. And now that we noticed there is a CME gap at 11.9k, it wouldn't surprise me if Bitcoin price peaks around 12k for 2020 and goes bearish again to finish the current cycle. Not the scenario I see as the most likely but possible. Most likely IMO is getting rejected at 10.5k just like in October 2019 and February 2020.
Exciting times regardless 

[serveria.com]

So if I see well, the top line considers the wigs of the candle, while the line just below considers the body of the candles. I thought the latter was more relevant (wigs are not really meaningful) when looking at long term trend. And now that we noticed there is a CME gap at 11.9k, it wouldn't surprise me if Bitcoin price peaks around 12k for 2020 and goes bearish again to finish the current cycle. Not the scenario I see as the most likely but possible. Most likely IMO is getting rejected at 10.5k just like in October 2019 and February 2020.
Exciting times regardless 

F*ck TA. BTC is so undervalued. Everything under 5 digits is dirt cheap. It's just unbelievably cheap. $10.5 and $12k is still a bargain. From a HODler's point of view: if we haven't sold back in 2017/18 why should we sell now? And one more thing: if you take the coronadump out of that graph what do you see? I see the ATH now! 

[nutildah]

I'd rather say, the war between the ruling elite and the rest. And the rest is being divided between themselves very easily (again).

There is no:

• black vs white
• capital vs labour
• rich vs poor
• left vs rigth
• young vs old
• x vs y

The most frustrating part is that sufficient power could be taken away from suppressors just be opting out.

The non-violent act of buying Bitcoin.

In general I agree with this stance, especially the left vs right aspect, but most of the people involved in the struggle don't have spare money to buy bitcoin. Maybe they had $1200 for a few fleeting moments, but it was probably used to pay off mortgage, rent, credit cards or bills, etc.

Today seemed like Trump vs. the world, more or less. Punching an Australian camera man to move out of the way so Trump can take a photo op... doesn't send a very good message to anyone.

https://twitter.com/Giacinta53/status/1267755712236716032

[LFC_Bitcoin]

Not sure about others but I'm waiting for at least $50k. That would be big. $10.5k, $12k or $16k somebody mentioned here are non-events. I'd agree that a new ATH would be a substantial milestone but still not enough to make me sell ... 

I ain't selling shit until at least $40,000+

I’ve been buying & HODLING for over 6 years, I’m impatient but  I will wait. I’m not going to sell myself short.
I think $100,000 is a real possibility by the end of 2021. That’s my target to sell off maybe 50-75% & then -

[serveria.com]

Not sure about others but I'm waiting for at least $50k. That would be big. $10.5k, $12k or $16k somebody mentioned here are non-events. I'd agree that a new ATH would be a substantial milestone but still not enough to make me sell ... 

I ain't selling shit until at least $40,000+

I’ve been buying & HODLING for over 6 years, I’m impatient but  I will wait. I’m not going to sell myself short.
I think $100,000 is a real possibility by the end of 2021. That’s my target to sell off maybe 50-75% & then -

Same here. But I'm also planning to buy as much as possible back during the 2022-2024 bear 

[LFC_Bitcoin]

Not sure about others but I'm waiting for at least $50k. That would be big. $10.5k, $12k or $16k somebody mentioned here are non-events. I'd agree that a new ATH would be a substantial milestone but still not enough to make me sell ... 

I ain't selling shit until at least $40,000+

I’ve been buying & HODLING for over 6 years, I’m impatient but  I will wait. I’m not going to sell myself short.
I think $100,000 is a real possibility by the end of 2021. That’s my target to sell off maybe 50-75% & then -

Same here. But I'm also planning to buy as much as possible back during the 2022-2024 bear 

Definitely man, I’ll leave a good amount of fiat on an exchange & try to buy back as many as possible at discounted rates.

I need to take life changing money out this time though. No more working for us

[vapourminer]

doesn't matter

the people are now officially the enemy

yeah, wish id kept the backhoe. just keep digging and maybe escape this madness.