Next scheduled rescrape ... never
Version 1
Last scraped
Edited on 29/05/2025, 22:15:22 UTC
It's annoying to look at substantial buys that trigger a ton of sells as soon as barely touching $112k right now.
A bit more momentum and shorts would be eaten up in a short while.
Eh it's just the weak hands shaking out at 111k. A bit more momentum and shorts would be eaten up in a short while.
HODL.
Question is..why there are those "weak hands" at a seemingly irrelevant value of 111K? A rhetorical question.
My "proposed" local top of, hopefully 216K, might occur if and when MSTR joins SP500, which could be in September.
Interestingly, there was a local top (the first in the double hump in 2021) when Coinbase IPOed.
Some people started talking about $444-475K (or 0.444-475M
), but for now this seem a bit excessively optimistic.Well we
111k is clear better than 109k
and they got in at 74k on the correction a month or so ago they are now up exactly 50%
1.5 x 74 =111 so my guess is they are simply taking profits from the dip buy.
if they grabbed 10 coins at 74k they paid 740k if they cash 8 of them they get 888k and not have 2 free BTC plus a few worthless dollars after taxes.
Say 30k cash after tax and 2 coins.
They can now wait for a dip to get more.
Or hodl the 2 "free" coins and wait for price to go way up say 250 a coin.
It is hard to turn down sure winning moves if they arise.
Not a winning move, imho, as it is very short-sighted.
EDIT the scenario Nick is proposing in a clip below (a supply squeeze and a spike) is actually quite possible:
https://www.youtube.com/watch?v=0A58iIfsyBE
but it is not certain.
what I described is a certain win
with all taxes paid
30k cash
2 btc
for letting the 740k purchase made a month ago ride for 30-40 days.
so in addition to the profits above
you also have you complete investment starter money of 740k sitting where ever.
Many players make this type of move 1 or 2 times a
It is safer and is a certain win
They can do whatever they want with the 30 cash and the 740k cash principal.
Original archived Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Scraped on 22/05/2025, 22:14:30 UTC
It's annoying to look at substantial buys that trigger a ton of sells as soon as barely touching $112k right now.
A bit more momentum and shorts would be eaten up in a short while.
Eh it's just the weak hands shaking out at 111k. A bit more momentum and shorts would be eaten up in a short while.
HODL.
Question is..why there are those "weak hands" at a seemingly irrelevant value of 111K? A rhetorical question.
My "proposed" local top of, hopefully 216K, might occur if and when MSTR joins SP500, which could be in September.
Interestingly, there was a local top (the first in the double hump in 2021) when Coinbase IPOed.
Some people started talking about $444-475K (or 0.444-475M
), but for now this seem a bit excessively optimistic.Well we wrestle under 109 k from jan 20 until a ay or two ago.
111k is clear better than 109k
and they got in at 74k on the correction a month or so ago they are now up exactly 50%
1.5 x 74 =111 so my guess is they are simply taking profits from the dip buy.
if they grabbed 10 coins at 74k they paid 740k if they cash 8 of them they get 888k and not have 2 free BTC plus a few worthless dollars after taxes.
Say 30k cash after tax and 2 coins.
They can now wait for a dip to get more.
Or hodl the 2 "free" coins and wait for price to go way up say 250 a coin.
It is hard to turn down sure winning moves if they arise.
Not a winning move, imho, as it is very short-sighted.
EDIT the scenario Nick is proposing in a clip below (a supply squeeze and a spike) is actually quite possible:
https://www.youtube.com/watch?v=0A58iIfsyBE
but it is not certain.
what I described is a certain win
with all taxes paid
30k cash
2 btc
for letting the 740k purchase made a month ago ride for 30-40 days.
so in addition to the profits above
you also have you complete investment sitting where ever.
Many players make this type of move 1 or 2 times a ear if they can.
It is safer and is a certain win
They can do whatever they want with the 30 cash and the 740k cash principal.