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

[LFC_Bitcoin]

Supply shock & massive break upwards incoming?


@WillClementeIII
Miners have been accumulating BTC for over 5 weeks now
https://twitter.com/wclementeiii/status/1426600157320253444?s=21





@labrahodl10
LIFE OF A BITCOINER HOLDING  #BITCOIN  SINCE 2016 2014:
https://twitter.com/labrahodl10/status/1426643777578586112?s=21

[Toxic2040]

the Saturday afternoon pet report


   he doesnt get the                    useless                                       too cute                                moar uselessness
whole laser eyes thing yet                   

[suchmoon]

Well done GS Elevator, it has been a long time since you nailed one:

I get the sentiment, but using log scale for Bitcoin and linear for fiat makes this extremely dishonest, not unlike what Goldman Sachs proper would do.

[fillippone]

Well done GS Elevator, it has been a long time since you nailed one:

I get the sentiment, but using log scale for Bitcoin and linear for fiat makes this extremely dishonest, not unlike what Goldman Sachs proper would do.

Absolutely.
Questionability and unfairnes are the reason why we love GSE, isn't it?
On the other hand use of axis scale is quite questionable. BTC market Cap is 0.75 TRLN, it would disappear against CB's balance sheet!

[ChartBuddy]

Explanation

[dragonvslinux]

Price looking good today. Didn't even get close to re-testing the 200 Day MA or wicking below which is a huge relief. Ideally, a 1-4 candle correction from yesterday's TD 9 sell signal would look like this:



While not establishing a Red 1 candle (yet) as well as not wicking below the 200 Day MA, this completing wrecks the TD (wall street) short trade, if tomorrow's candle moves below today.
Simple reasoning is no-one wants to be shorting into support. Shorting a break below the MA based on this indicator, sure. But not like this in my opinion, way too high risk.
However if tomorrow's candle moves above today's high, then the opposite would be true. There would be a long-trade based on another 8 days of upside potential.
I know it's weekend but volume continues to decline and looks abysmal, so while price looks healthy to me, predictability on direction remains low.
The tidy confluence of support around $42.5-$43K is what I'll be keeping an eye on. 0.382 fib retracement and old resistance turned support.
Either way looks likely the 50 MA (green) that's moving up fast may make the decision for future decisive price move potentially sooner.

The 4 hr bearish divergence otherwise confirmed, as previously referenced, suggesting a bit more downside or consolidation for now, but is of little concern faced with the Daily/Weekly bullish pressure:



Otherwise closing above the 0.5 fib retracement level would be nice to see today, but no necessary if there are a few more red candles to come.

[sirazimuth]

Alright, so we have:
Wall Observer page 1: 1 BTC = $70.
Wall Observer page 10,000: 1 BTC = $374.
Wall Observer page 20,000: 1 BTC = $7,1k.


I'm just leaving some arbitrary numbers so I can quote them in the far future:

Wall Observer page 30,000: 1 BTC = $89,653.
Wall Observer page 40,000: 1 BTC = $241,026.
Wall Observer page 50,000: 1 BTC = $300,000.
Wall Observer page 60,000: 1 BTC = $1,693,442.

After seeing this post I tried something for whatever reason.
I must be bored..... (as usual)
An interesting exercise for all you wobber vets.
Keep clicking back on the page next to page 1 and see how long it takes before a post of yours comes up at top of page.
If you post like 50 times a day or whatever, well not that interesting.
But for me, however, my 1st one appeared here in 2018... I got a chuckle anyway, lol

https://asktom.cf/index.php?topic=178336.413500

[Hueristic]

About as off topic as it gets but just thought i'd share for anyone e thats interested.

I switched all my bulbs over to LED, replaced my old 60 inch backlite TV and replaced my hot water heater with a heat pump heater and this year my electric is less than half what it was last year!

If anyone is thinking of doing this I highly recommend it.

You know your old when you love your hot water heater.

[HI-TEC99]

... replaced my hot water heater with a heat pump heater ...

What's a heat pump?

[sirazimuth]

About as off topic as it gets but just thought i'd share for anyone e thats interested.

....

No worries dude.
Its the wob. Posts like this from the legend wob community is why I like this place.
After hanging out here for a million years, there's only so much bitcoin news
before its like "yeah, yeah, it goes up, it goes down, we hodel , yo jay, that's tldr, we getting rich, yada yada.... <yawn>"...lol

[HI-TEC99]

...After hanging out here for a million years, ...

This is my 2500th post. That brings it home to me how long I've been hanging out here.

I see you are 3 posts short of 4000.

[xhomerx10]

... replaced my hot water heater with a heat pump heater ...

What's a heat pump?

 An air conditioner that can reverse itself.

[HI-TEC99]

... replaced my hot water heater with a heat pump heater ...

What's a heat pump?

 An air conditioner that can reverse itself.

I keep hearing we will all need to buy them to save the world, but I still don't know how the fuck they work.

I read somewhere you have to buy bigger radiators to run on a heat pump, and that's about all I know about them.

[Hueristic]

... replaced my hot water heater with a heat pump heater ...

What's a heat pump?

Its like a AC unit that dumps the heat into the water instead of the outside air, awesome for added ac in the summer as well.

Dammit stupid board and images lately are becoming a real pita!

[Arriemoller]

... replaced my hot water heater with a heat pump heater ...

What's a heat pump?

 An air conditioner that can reverse itself.

I keep hearing we will all need to buy them to save the world, but I still don't know how the fuck they work.

I read somewhere you have to buy bigger radiators to run on a heat pump, and that's about all I know about them.

Kind of like a refrigerator, but in reverse.

[Hueristic]

... replaced my hot water heater with a heat pump heater ...

What's a heat pump?

 An air conditioner that can reverse itself.

I keep hearing we will all need to buy them to save the world, but I still don't know how the fuck they work.

I read somewhere you have to buy bigger radiators to run on a heat pump, and that's about all I know about them.

Not for a self contained unit, your thinking of the actual home heaters that plumb into the existing system I think.

Those have come a long way as well and I might pick one up next year or if a ac unit bites it this year.



^^^ this is a self contained one.

[HI-TEC99]

... replaced my hot water heater with a heat pump heater ...

What's a heat pump?

Its like a AC unit that dumps the heat into the water instead of the outside air, awesome for added ac in the summer as well.

What happens if it's freezing cold inside the house, and there's no heat to dump into the water.

[Hueristic]

... replaced my hot water heater with a heat pump heater ...

What's a heat pump?

Its like a AC unit that dumps the heat into the water instead of the outside air, awesome for added ac in the summer as well.

What happens if it's freezing cold inside the house, and there's no heat to dump into the water.

Its good to below freezing because the gasses are under pressure as well as then being well gasses that don't freeze at those temps lol.

You can opt to vacate the excess cool air out through a vent for the winter, not unlike a dryer vent.


https://www.energy.gov/energysaver/heat-pump-water-heaters

[ChartBuddy]

Explanation

[vapourminer]

About as off topic as it gets but just thought i'd share for anyone e thats interested.

I switched all my bulbs over to LED, replaced my old 60 inch backlite TV and replaced my hot water heater with a heat pump heater and this year my electric is less than half what it was last year!

If anyone is thinking of doing this I highly recommend it.

You know your old when you love your hot water heater.

yeah i have a hybrid hot water heater set to heat pump only mode (can do hybrid or burst electric etc yours prolly has several modes).. dehumidifies and cools my unfinished basement when it fires up. my dehumidifier in the basement works less, so free(ish) hot water as the dehumidifier comes on less. gotta dehumidify the basement in the summer anyway so win/win.