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

[shahzadafzal]

He’s right but he forget to add one major factor which adds value to bitcoin is

*Restricted supply (Scarcity)*

More on increasing demand, portability (region free, race free) and security. 


https://twitter.com/cz_binance/status/1513345747256848772?s=21

[xhomerx10]

Disgusting. Now they have problem with dogs and cats.
Feeling so sad. ☹️☹️☹️

https://mobile.twitter.com/Cynthia32496545/status/1513202563084165128

If they have problem with them.(which I think not a problem). So they can separate them. Why they are killing.?
So sad.😔

Not cool man...... not fucking cool at all.

 Well, well, well... look what the cat dragged in!



 Nice of you to drop in.   Hope things are going well

[shahzadafzal]

Hahaha Elon Musk is such a badass he knows best how to troll his followers, asks his 81m followers

1. Edit button in Twitter
2. Convert Twitter SF HQ to homeless shelter
3. Everyone who signs up for Twitter Blue (ie pays $3/month) should get an authentication checkmark
4. Delete w from Twitter (WTF hahaha best one)

Now he decides not join the board

“Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here.” Parag Agrawal



https://twitter.com/paraga/status/1513354622466867201?s=21

[ChartBuddy]

Explanation

[JayJuanGee]

Dear HODLers!

I just say hi and want to unveil how nice Bitcoin is as a store of value.
When ppl need a store of value, many ppl consider Gold and I like Gold, but Bitcoin is much more scarce and a better store of value! A limit of 21 BTC is nice to know for everybody because for Gold, you can always dig a hole and probably find more of it. No one knows. Or Elon travels to Mars and finds Gold, it would be a huge fail for Gold but I’m very sure he can’t find Bitcoin when he travels to Mars.
Heck, I’m extremely confident he won’t find BTC when he travels to Mars.
And I can own BTC myself by owning my private key. Not my keys, not my coins is easy for everyone to know.

I’m bad at TA, so I just HODL. It is easy and good for profits.
Only HODL!
Of course I’m also looking for good TA because knowing where Bitcoin’s price will be at is also nice.
I will be looking here around for good impressions and arguments for BTC!!

Greetings from Germany.
Good profits for all but don’t sell!

wagmi


Yes!
WAGMI

Welcome to the forum and to this thread wagmi. 

At the time that I am responding to your above post, you ONLY have 3 post (and the above post is your first one). 

It might be a good idea to provide us some ideas about your bitcoin history.. yet of course, that is up to you regarding how much you might say in any given post, but just so we get some ideas about how you got to this thread and how extensive your bitcoin history might be (or might not be).  Some members come to this thread with almost no bitcoin history at all, even though they might be mostly bitcoin focused.  When I first came to the forum in early 2014, I rarely ventured outside of this thread to other parts of the forum for several years.... so no problem if you want to make this your primary posting location... several members of the forum ONLY post in this thread.

[edited out]

My man.... still here and still with the mega posts....

Sure... I am glad to still be alive and kicking.  How about you?  Are there better things to do in this world?

[ChartBuddy]

Explanation

[ImThour]

On-Chain Data - 11th April, 2022:

The Puell Multiple: This metric looks at the supply side of Bitcoin's economy - bitcoin miners and their revenue.



Whale Shadows: This indicator shows when bitcoins that have not moved onchain for many years, finally move again.

10yr+


7-9yr:



MVRV Z-Score: MVRV Z-Score is a bitcoin chart that uses blockchain analysis to identify periods where Bitcoin is extremely over or undervalued relative to its 'fair value'.




Bitcoin Wallet Sizes: > 1,000 BTC: Live bitcoin chart showing the number of unique addresses holding at least 1,000BTC.



Source: https://www.lookintobitcoin.com/charts/


Miner capitulation: Profitability for miners is a function of the Bitcoin price and the cost for the miner to buy electricity to mine.


Source: https://stats.buybitcoinworldwide.com/

[Toxic2040]

[Toxic2040]

[ChartBuddy]

Explanation

[Zeunerts]

Hi WO,

I also just wanted to say hi and introduce myself. I have been lurking in this thread since end of 2013. It was this thread/forum that made me purchase my first bitcoins (near the peak of 2013-14).
Average price for my bitcoins is around 750 USD, bought from Bitstamp.

Its been a long journey with alot of ups and downs, both the price and emotions. People close to me have been trying to influence me, telling me to sell several times. They managed to get me to sell some of my stash in 2017 (when I got back above my purchase price)..

After that mistake, I have not sold anything more. I keep on HODLing for dear life.

Thanks for all the information, laughs and everything else under these years.
I will continue to lurk in the dark and hold on to my stash.


Fun fact; Most of the people that told me to sell in 2017 have after that been nagging me for help, how/where to buy...

[Cryptotourist]

~ Cryptotourist is a hodler and a Bitcoin maximalist ~

Thanks Jay.
Juan also agrees with ya, but Gee wants you to insert this line again:

Code:

#Cryptotourist

Before checking the on-chain data, I used to think that my assumption of Bitcoin going down was just a speculation and some trend lines on TA however I realised that the 4 year cycle is in the play.

Sure is.
Everything in nature comes in cycles.

But let’s not forget about inflation. Inflation has not been priced in yet - to the best of my knowledge.
And a weird thought: Printing money, could be the way governments try to accumulate more corn and “control” it. Let’s not do them that favour.

Luckily we have ChartBuddy's calming presence to balance out the merit-whoring newbies and cringy trolls.

Cringy? You fucking bitch.

Thank you for your service, CB. Now move the number up, enough of this 42 nonsense.

You know, I cannot believe a single word that is typed off your keyboard.

Yeah now we need CB to push up that $42k range and shut the fuck up these cringy trolls who have no base at all and complete understanding of bitcoin.

Hahahahaha.
Bitch. Moar down incoming?

Some of us have been stocking ammo.

You can’t eat ammo unfortunately. Or drink it.

Freedom is a matter of economy.

Shut the fuck up, you blithering idiot.

Freedom can destroy you..
~ more cuntonian rumble ~

What can I say…
Get lost perhaps? Make it fast boyo.

That's just some pseudo philosofy dribble. Stop overthinking and go out on the street and ask anyone if they would feel more free if they were tought your "philosofy" or if they had enough money to do what they want.

“Don’t overthink” said the Nazi old fart - sorry excuse of a human being.

“Money” enslaves people. Bitcoin sets them free.
Can we agree on that? I want you to overthink it asshole.


Everybody’s Gotta live

[El duderino_]

https://m.youtube.com/watch?v=5_cyE10Ljms

[ChartBuddy]

Explanation

[NoorulHuda]

https://news.bitcoin.com/mexicos-third-richest-billionaire-warns-of-severe-dollar-inflation-says-buy-bitcoin-to-save-your-skin/

[Cosmic Beyonders]

Doji candle Haha..

Hold your seats the journey ia going to began

[ImThour]

Doji candle Haha..

Hold your seats the journey ia going to began

Doji is an indecesive candle, not a trend reversal candle.

Also, the timeframe you are posting here is 4H.

The pattern can be found across any time frame but has greater significance on longer-term charts as more participants contribute to its formation.

https://www.investopedia.com/terms/l/long-legged-doji.asp

Alone, doji are neutral patterns that are also featured in a number of important patterns.

https://www.investopedia.com/terms/d/doji.asp

In the above example, we can see a Long-legged Doji.

The pattern is not always significant, and won't always mark the end of a trend—it could mark the start of a consolidation period, or it may just end up being an insignificant blip in the current trend.

https://www.investopedia.com/terms/l/long-legged-doji.asp

Glad to know here are people worse than me in TA.

[NoorulHuda]

https://mobile.twitter.com/BitcoinMagazine/status/1513167209509568525

[ChartBuddy]

Explanation

[NoorulHuda]