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

[ChartBuddy]

Explanation

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[1714950347]

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[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]

[Cosmic Beyonders]

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.

Hahaha Considering last line as compliment always B+ ..

I have checked your Explanation as well but still its 4H so it is worth watching i know as the Larger the Time span we take the better results, for now, i am considering it as a hope.

By the My theory as i always mention it in my posts for the whole of 2022 is That a Side ways market within the range of 40k to 55k there are 80% chances for this probability still its market consider 20% New ATH or close to ATH.

[ImThour]

Invalid Elliot.

Major 1 is at: $20
Major 2 is at: $5.50
Major 3 is at: $300k

That's enough TA for me, I might go brain dead today.
@JJG now I understand how my charts were pain in the ass,

for now, i am considering it as a hope.

Ah, hopium. Put it in my drink so that I can fuck off and chill.

[ChartBuddy]

Explanation

[NoorulHuda]

Invalid Elliot.

Major 1 is at: $20
Major 2 is at: $5.50
Major 3 is at: $300k

That's enough TA for me, I might go brain dead today.
@JJG now I understand how my charts were pain in the ass,

It is an Idea.
I think you should check it with these points.

All parabola with >50% linear corrections are cycles.
All tops found as log 1.618 extensions of cycle lows.
Cycle top ~$180k BTC.
Sub 50k potentially never seen again.
$1 million bitcoin projection at end of decade.

But please keep in my it is an Idea. Idea of Alternate Macro.

[airfinex]

It is an Idea.
I think you should check it with these points.

All parabola with >50% linear corrections are cycles.
All tops found as log 1.618 extensions of cycle lows.
Cycle top ~$180k BTC.
Sub 50k potentially never seen again.
$1 million bitcoin projection at end of decade.

But please keep in my it is an Idea. Idea of Alternate Macro.

I'm still waiting for Bitcoin below $30k to buy. Do you think it's in vain?