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

[BitcoinBunny]

1 whole per cent eh?

We better put in an order for 1,000,000 fridge doors (around 90,000 UK supermarkets with say at least 10 doors each) with China and they can build another coal power station to build all these things for us.

The west seems to be utterly clueless in this scam for green energy which just means displacement of fossil fuel burning and mining of materials.
Ideally to somewhere out of our own backyard for all the things we need to achieve that over here.

https://www.bbc.co.uk/news/uk-wales-59141894

Let's print some more money whilst we tell everyone to buy an EV and rip out their gas boiler and give them grants to do so.
Also, let's ensure Pfizer keeps getting billions. Now you will need 3 vaccine shots to travel.

Brrrrrr.

Completely carbon neutral all this money printing. Fact.

But Bitcoin is really scary energy hungry.

[ChartBuddy]

Explanation

[aysg76]

We all have come long way and now Bitcoin is not a new term for anyone but it is well recognized by all and government, institution and investors are ready to accept and invest in it and it's common to see bitcoin billboards to make people aware about what the next financial revolution will look like.But realbitcoinmagzine posted an interesting image which shows Bitcoin whitepaper being published along with btc board up for mass circulation and have a look at what actual decentralization of funds look like and how it works.

Here is is SS for the same:



A week before we just celebrated 13^th anniversary of whitepaper and that's how the real celebration look like.

But i also want to know the location for the same and i know it would be easy for our magician @fillippone to give me the exact location.This one is not game like others but just out of curiosity I want to know the location.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Copetech]

We all have come long way and now Bitcoin is not a new term for anyone but it is well recognized by all and government, institution and investors are ready to accept and invest in it and it's common to see bitcoin billboards to make people aware about what the next financial revolution will look like.But realbitcoinmagzine posted an interesting image which shows Bitcoin whitepaper being published along with btc board up for mass circulation and have a look at what actual decentralization of funds look like and how it works.

Here is is SS for the same:



A week before we just celebrated 13^th anniversary of whitepaper and that's how the real celebration look like.

But i also want to know the location for the same and i know it would be easy for our magician @fillippone to give me the exact location.This one is not game like others but just out of curiosity I want to know the location.

Los Angeles near Hollywood Blvd.

https://www.hotels.club/hotel/jw-marriott-los-angeles-l-a-live/

[ChartBuddy]

Explanation

[JayJuanGee]

He Posted this chart around 2 weeks ago and compared it to 2nd leg of 2013 run. I asked him why the first dot of this 2nd leg 2021 is red already while in 2013 it started yellowish orange. He blocked me wtf lol. I did not meant to be mean. Was a serious question since I am no charts and data guy.

Perhaps PlanB feels that he does not have as much time to entertain seemingly "dumb" questions as us charitable guys in the WO thread?

especially if the explanation for the color of the dot seems to already be contained within his chartening and even the fact that he said, in his tweet: "long term momentum is rising fast" which implies the answer to your seemingly "dumb" question?

Perhaps?

Perhaps?

I don't claim to be any kind of chart or PlanB expert, but it appears from the face of the chart that the colors are already explained in terms of realized market cap (whatever that is?  and sure there is likely an explanation what he means by "realized marketcap" in his thread), so it appears that just the fact that the dot is deviating higher in terms of realized market cap causes it to be red rather than orange.. and sure there is not even much of a difference between red and orange except for where it falls in terms of percentage.. so the dot becomes more and more orange starting around 83% and turns into a more of a red the higher that it gets up, so if it looks more red because it ends up being around 90% rather than being 87%, then it may well be a BIG SO WHAT? in terms of how come it suddenly went up from 80% where it had been yellow and skipped orange completely to become red at 90% or whatever the actual underlying data point number happens to have been at the time of the plotting of the new dot in 2021 as compared to how fast it moved up (in terms of realized market cap) in 2013 to not skip orange but to go through orange first before arriving at a reddening colorening.  

He Posted this chart around 2 weeks ago and compared it to 2nd leg of 2013 run. I asked him why the first dot of this 2nd leg 2021 is red already while in 2013 it started yellowish orange. He blocked me wtf lol. I did not meant to be mean. Was a serious question since I am no charts and data guy.

He's an interesting guy to listen to but I am still not convinced BTC follows a certain price model.

What does bitcoin do then, Bbunny?

Would you prefer to just say that there is no pattern?

Sure we may well get deviation from whatever past pattern has been assessed or even a breakage of the pattern or a breakage of the model that might cause a need for another model, but are we going to fly blindly and say that none of the previous pattern matters in terms of attempting to assess where we were, where we are at and where we might be going - even if we end up being wrong about it - once the future becomes history?

[BitcoinBunny]

He Posted this chart around 2 weeks ago and compared it to 2nd leg of 2013 run. I asked him why the first dot of this 2nd leg 2021 is red already while in 2013 it started yellowish orange. He blocked me wtf lol. I did not meant to be mean. Was a serious question since I am no charts and data guy.

He's an interesting guy to listen to but I am still not convinced BTC follows a certain price model.

What does bitcoin do then, Bbunny?

Would you prefer to just say that there is no pattern?

Sure we may well get deviation from whatever past pattern has been assessed or even a breakage of the pattern or a breakage of the model that might cause a need for another model, but are we going to fly blindly and say that none of the previous pattern matters in terms of attempting to assess where we were, where we are at and where we might be going - even if we end up being wrong about it - once the future becomes history?

Personally I think this rainbow chart is pretty decent. There is a big chunk of margin of error in that chart that only gets bigger the higher up we go which seems realistic but it possibly helps indicate at which price BTC is a good investment.
https://www.blockchaincenter.net/bitcoin-rainbow-chart/

It would be great if Plan B is right. But I just wonder how much the money printing & pandemic helped him to be right for the last 18 months which he may not have been otherwise.

[ChartBuddy]

Explanation

[cAPSLOCK]

$63k in one two hours

Hope chart buddy accepts your proposal but here we are seeing pump for ants 

Yes the volume is virtually non existent

One of the most interesting parts of this "cycle" in my opinion.  It is not retail.  The retail markets are nothing more than an unreliable oracle so far.  And the majority of acquisition is happening in dark pools.

If retail DOES start to buy this cycle they are going to soak up the available float so fast it will make peoples eyeballs pop out.

Watch.

(If it does not happen this time, which is hard to even accept as possible without some giant global macro black swan... it WILL happen in the next cycle.)

[cAPSLOCK]

He Posted this chart around 2 weeks ago and compared it to 2nd leg of 2013 run. I asked him why the first dot of this 2nd leg 2021 is red already while in 2013 it started yellowish orange. He blocked me wtf lol. I did not meant to be mean. Was a serious question since I am no charts and data guy.

He's an interesting guy to listen to but I am still not convinced BTC follows a certain price model.

I agree with the man himself on this model.

1.  It will DEFINITELY fail eventually.
2.  It is uncanny how well it has worked so far.

I think the chance is likely we see it fail late in this "cycle", which is really fairly soon...

[eXPHorizon]

Here is something funny guys 

https://www.youtube.com/watch?v=25iQgtAnN6w

https://www.youtube.com/watch?v=gsbaNyLWjH4


https://www.youtube.com/watch?v=vDtJfNTXEHo

Scary Movie type of stuff, i find it rly funny hh

[ChartBuddy]

Explanation

[cAPSLOCK]

$63k in one two hours

[JayJuanGee]

He Posted this chart around 2 weeks ago and compared it to 2nd leg of 2013 run. I asked him why the first dot of this 2nd leg 2021 is red already while in 2013 it started yellowish orange. He blocked me wtf lol. I did not meant to be mean. Was a serious question since I am no charts and data guy.

He's an interesting guy to listen to but I am still not convinced BTC follows a certain price model.

What does bitcoin do then, Bbunny?

Would you prefer to just say that there is no pattern?

Sure we may well get deviation from whatever past pattern has been assessed or even a breakage of the pattern or a breakage of the model that might cause a need for another model, but are we going to fly blindly and say that none of the previous pattern matters in terms of attempting to assess where we were, where we are at and where we might be going - even if we end up being wrong about it - once the future becomes history?

Personally I think this rainbow chart is pretty decent. There is a big chunk of margin of error in that chart that only gets bigger the higher up we go which seems realistic but it possibly helps indicate at which price BTC is a good investment.
https://www.blockchaincenter.net/bitcoin-rainbow-chart/

It would be great if Plan B is right. But I just wonder how much the money printing & pandemic helped him to be right for the last 18 months which he may not have been otherwise.

I have frequently asserted that PlanB is NOT saying much of anything new beyond previous BTC price prediction models that had existed prior to his making his plottenings, so sure, in that regard, PlanB is not saying anything much different than the rainbow chart, except for the fact that there are attempts to be more granular in regards to the historical 4-year waves that surely connect with bitcoin's halvenings.

Personally, I don't give too many shits about any specific model either, but I have been asserting that a combination of models do help us to attempt to understand where we are at and where we might be going and surely the rainbow model might be as specific as some peeps (including uie-pooie) would like to get - because yeah it does show us where we have been that gives us a better idea of where we are at and where we might be going, so whether you are better off attempting to incorporate S2F ideas, the 4-year fractal and/or considerations of exponential s-curve adoption based on networking effects and metcalfe principles remains your choice which ones you would like to consider (if any) or just to roll your own price prediction model - which frequently puts those kinds of roll your own model proponents in a seemingly lala-landia of seemingly wannabe self-aggrandizement.

By the way Bbunny, your last paragraph in the above-cited response seems to put out a certain level of bitterness regarding the so-far correctness of the PlanB model to suggest that world events caused PlanB's model to be more correct than what it would have been or should have been to date and jeez.. who fucking cares?  .. surely, I get a bit irritated by PlanB sometimes in terms of some of his tweets that seem to assign way too much specificness to the price predictiveness of his model than the model seems to merit and also I become a bit frustrated because I do not really understand the parameters of some of his more recent calls about "worse-case scenario" extreme lows between August and the end of 2021.. that largely have ended up being correct so far... but still.. who cares and why so seemingly bitter? #nohomo








 

I think the chance is likely we see it fail late in this "cycle", which is really fairly soon...

Salty cow.









Salty cows everywhere.




 

[bitcoinPsycho]

$63k in one two hours

It was showing green on the inevitability chart, time is relative

[philipma1957]

$63k in one two hours

Hope chart buddy accepts your proposal but here we are seeing pump for ants 

Yes the volume is virtually non existent

One of the most interesting parts of this "cycle" in my opinion.  It is not retail.  The retail markets are nothing more than an unreliable oracle so far.  And the majority of acquisition is happening in dark pools.

If retail DOES start to buy this cycle they are going to soak up the available float so fast it will make peoples eyeballs pop out.

Watch.

(If it does not happen this time, which is hard to even accept as possible without some giant global macro black swan... it WILL happen in the next cycle.)

I still like the extended cycle in which we possibly go sideways until the next cycle and the drop this summer was the low point.

I prefer over plan b model and the idea of not topping off but going sideways ending the four year cycle pattern is possible.

I suggest looking at mining growth patterns from now till the spring.  But as the daying goes another day another stack of sats.

[JayJuanGee]

$63k in one two hours

It was showing green on the inevitability chart, time is relative

Nice recovery attempt from being




wwwwwwwwwrrrrrrrrrrrrrrroooooooooonnnnnnnnnngggggggggggg



 

[ChartBuddy]

Explanation