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

[Gachapin]

JUNE Ended But Records are still Counting the latest Glassnode report Say's.

Fuck Glassnode and their manipulation games.
Just my2ct

Really

I'm sure 😊 you are good at analysis of all the Transections then. I can't put my whole week to analyze the transfer details to take next position and pack up with the coming time,

Many onchain data guys like Willy Woo came up with the 180 degree wrong conclusions again and again in the recent years, since Glassnode and the other services popped into existence.
Some of that data is helpful, sure.  But all in all it's just another tool to convince the masses into believing a certain market narrative.

Wrong conclusions? There were interpretations of on-chain data, and opinions, maybe outlooks, but not much more.
Those conclusions only were in your head. You don't want to project onto neutral statements, but you wanna learn from your mistakes and use greatly provided inside information, instead of feeding hopium. Same as for PlanB fanboys. He always said his model(s) point(s) to areas of $$$ to $$$ to become possible, which is no guarantee or conclusion in any way. The models broke. So what? He even said from time to time that models are destined for breaking, it's only a question of the when.
If you want oracles, go to the amusement park of the nearest fair.

I was bullish on PlanB, too. But i'm a hodler. I don't care if or when S2F broke, but i found it interesting.
There will be other models, analysis(es) and "conclusions", but you can be sure of the one thing, the first law of Bitcoin:

BTCitcoin doesn't care!

There is a problem with certain models and data sets, as soon as they lead you to conclusions that are 180° false most of the time.

Of course it's about interpretations of onchain data.  But these interpretations were always based on logic.  
Just a simple example would be:  few coins on exchanges is interpreted as a sign for fewer selling and a higher probability for an upcoming price increase.

A lot of the data you could even backtest many years.

However, nowadays whales and big players know the OC data that we are all shown by Glasnost^tm and else, and they know what the data logically suggests.  Accordingly they push the market in the opposite direction to rip off all these onchain analytic believers..

Secondly, OC data can be tweaked to a degree to show a certain OC state of market behavior that simply is not there.


For me OC analysis is a kind of TA and it's nothing newbs should rely on.  That's why I'm vocal about it, so they don't fall for it.
I think we all know trading can be dangerous, especially in BTC, no matter your TA or your Glasnost subscription.  

For transparency FWIW...  I don't trade and I'm 95-99% in BTC all the time

[aesma]

On 15 July 2022, Bitcoin Fear and Greed Index is also 15 aka Extreme Fear

Current price, 1 BTC= 20,900$

Buy Bitcoin now and thank yourself later.

Bitcoin is now in its longest-ever 'extreme fear' period. I think if we can survive the next GDP annoucement (which will probably be negative) ie not dipping under the 17k resistance we should be starting to see some actual bullish movements and maybe get out of the extreme fear region.

When we have lost so much already, I don't really understand how people can fear that much.

The only thing I fear is that I have no available cash to buy more corn if we dipped to say 10K$.

There is that one bank account where I have a decent amount (more than one BTC) but since it was a gift from a deceased uncle to help me buy a home, I won't touch it.

[Hamich124D]

When we have lost so much already, I don't really understand how people can fear that much.

Well a wise men once said:  "Things can always get worst"  Homer simpson.probably

[ChartBuddy]

Explanation

[JayJuanGee]

El Selalvador is facing high times of critics as they are the majour supporters of the Crypto Market especially BTC the freed movement haha, yes its Freedom Movement of Finance and Its going great with the El Salvador so lets see how a Bull DUN help them Our to Avoid the Bank Default. Everything is on the stake and they are gaona make don't worry

Last I checked El Salvador is a supporter of bitcoin. ... so fuck off with your lumping in the dumb framework of their being supporters of the crypto market.. and that bitcoin is just a part of that.

That is bullshit deceptive and misleading talk or maybe you are confused about what bitcoin is? 

Just in case you are not clear... Bitcoin is the King and the various shitcoins are hanging on its apron strings... in other words, you do not need to include the concept of shitcoins or crypto when talking about what El Salvador is doing, has been doing, and likely will continue to do (unless they happen to get into shitcoins, which so far they do not appear to have been led down that path. they know the difference.. unlike you, Hamza2424.

Observing. Going up. Going down. Enjoy the ride either way.

Me no doesn't like down..   


Therefore, I cannot enjoy.. unless up (lots of) first..

It did go up a little bit last night (or a few hours ago).

Even though in my earlier post, I said "lots of" in a little way, I mean "lots of" in a BIG way.  #justsaying.

<- cryptographers, batslap not applicable!

My working rule is:  "When in doubt, batslap."

I am glad that you put that little disclaimer.. because some of us are just way too triggered in these parts in recent times.... (not going to name any names)

Earlier this month, I and others wrote a letter to Congress, basically saying that cryptocurrencies are an complete and total disaster, and urging them to regulate the space.
..

I am a big fan of Bruce, have read all his books (well, actually not true for "Applied Cryptography" which in parts is much above my comprehension, but I tried it too) and so far all his writings have been a great inspiration and education to me, but I do not agree with most of the points he makes here. For example, he doesn't seem to get the difference (or that there is a difference at all) between POS and POW and quite a few other misconceptions AFAICS.

Anyway an interesting read to know what the crypto guys (<- cryptographers, batslap not applicable!) think about BTC, the discussion below the article is the most interesting part IMHO.

I actually found a nice clean copy of Applied Cryptography 2nd edition in a thrift shop, selling for about $5. I opened it, read some parts, leafed through it, but ultimately did not buy it since I don't have any space at home to keep it, LOL. It will probably be still there next time I go.

Fortune favors the brave.

Protip:  Just buy the damned thing and figure out where to put it later.  #friendly vices

[ChartBuddy]

Explanation

[JayJuanGee]

JUNE Ended But Records are still Counting the latest Glassnode report Say's.

Moving on the Net worth Lost of the market is more then 35% thats onchain data. Probably i will say June was the best Month as For making Buying heavy Discount's offered in the June by weaker holders, Now Book your Limit order



Due to all this June panic most the Position in Margin and Future were in short, due to expressive Pressure on market the Biggest Change in Position 151k was noticed but I'm not sure about one thing Market was Bearish people made short trades but still the more profit was cashed by the exchanges thats Questionable.



In Mid May Crash of 2021 we said that its manuplative Dip, then in JAN 2022  the things were same but LUNA, then Other 3DAO and many projects forced the market to be the extreme Bearish.


What Happed earlier is no matter now,

What is going to happen thats Questionable I'm Bullish as BTC shwed a good Volume and Market Pump so if we break the 23k Resistance now then Position will be Trend Reversal . But it seems now Bottom is done ? Yes i think Bottom is done now market is making momentum the BEAR Boys Pack the bags

It's way too early to be calling the "bottom as in" even if you may well end up being correct (coincidentally or aka by luck).

JUNE Ended But Records are still Counting the latest Glassnode report Say's.

Fuck Glassnode and their manipulation games.
Just my2ct

Hm?  They are really manipulating..?    I know that they had to reframe some data in recent times.... and surely we have seen all kinds of ways that entities can take advantage of their position in the bitcoin (crypto in this case?) space...  but maybe you are right..   those folks are fucking around with various aspects of the data.   Could be.  Could be.

JUNE Ended But Records are still Counting the latest Glassnode report Say's.

Fuck Glassnode and their manipulation games.
Just my2ct

Really

I'm sure 😊 you are good at analysis of all the Transections then. I can't put my whole week to analyze the transfer details to take next position and pack up with the coming time,

Yeah.. take the comment personally Hamza2424.. that makes a lot of senses.. .

Wrong conclusion. I'm not mad.  

That's what she said.















 

JUNE Ended But Records are still Counting the latest Glassnode report Say's.

Fuck Glassnode and their manipulation games.
Just my2ct

Don't be mad.
Wait for the next Halving

One thing I notice is the more time passes by the shorten the bear market is becoming. In 2017 market become bearish from bullish less than 250 days from BTC halving. In the next bull season, it was more than 450 days before the next BTC halving market turned bullish. So if that trend continues then I can say we are very near to the starting of bullish trends.

It's not easy to know these days.. especially when we are still in the midst of the whole matter of just recently getting into what might be deemed as the bear market (sometimes around mid-May-ish confirmed)..

Oh, and by the way, many times the confirmation is lagging.. so it probably is never really easy to know where we are at. and then at what point we might be confirmed to be "out of" the place that we were.

Fuck.

[edited out]

Wrong conclusions? ........

^^^^^^^What he said (kind of)^^^^^^^












Gotta click on the thread to see what that there kitty cat be talkin bout Willis.. .. .. it will be worth it.. b/c peeps do got time for dat...
...




hahahahahaha

[philipma1957]

Those who are claiming that bottom will be at $17k seem to forget that we have already visited $17k this cycle.  

some where a while back I picked 15-17.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Gachapin]

JUNE Ended But Records are still Counting the latest Glassnode report Say's.

Fuck Glassnode and their manipulation games.
Just my2ct

Hm?  They are really manipulating..?    I know that they had to reframe some data in recent times.... and surely we have seen all kinds of ways that entities can take advantage of their position in the bitcoin (crypto in this case?) space...  but maybe you are right..   those folks are fucking around with various aspects of the data.   Could be.  Could be.

It's def. a tool that's used for manipulation.
 
I'm quite sure the Glassnode guys at least know their tool will be utilized to paint a certain narrative / use a narrative by big players.  
It could also be easily worse and the Glasnost guys are in on it somehow.

JUNE Ended But Records are still Counting the latest Glassnode report Say's.

Fuck Glassnode and their manipulation games.
Just my2ct

Really

I'm sure 😊 you are good at analysis of all the Transections then. I can't put my whole week to analyze the transfer details to take next position and pack up with the coming time,

Yeah.. take the comment personally Hamza2424.. that makes a lot of senses.. .

I guess he didn't stomach well that a few days ago, I was asking him to post some Gay Christmas Eid ul-Adha Cards.  
Well knowing that his #ReligionOfPeace is so peaceful that its believers try to kill anyone for having the humor audacity to do so...



@Hamza2424
Sorry, but as long as your guy-in-the-sky cult can't laugh about its own ideas and even kills others who do so, your Eid ul-Adha blessings and best wishes to everyone aren't worth crap, seriously.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[AlcoHoDL]

Which public #bitcoin miners will be the winners and losers of the bear market?

A Twitter thread by Jason Mallory

https://twitter.com/JMellerud/status/1541444212444614656

Some good miner analysis there. I found it at the end of the interesting thread posted here.

[ChartBuddy]

Explanation

[WatChe]

On 15 July 2022, Bitcoin Fear and Greed Index is also 15 aka Extreme Fear

Current price, 1 BTC= 20,900$

Buy Bitcoin now and thank yourself later.

Bitcoin is now in its longest-ever 'extreme fear' period. I think if we can survive the next GDP annoucement (which will probably be negative) ie not dipping under the 17k resistance we should be starting to see some actual bullish movements and maybe get out of the extreme fear region.

Bro, honestly there are so many predictions about bullish and bearish trend from here on. It's very hard to decided which one is correct or not. IMO, I don't see bitcoin going further down from here on. My judgement is based on my own sentiments.

Love Thailand, and SEA in general

The tropics and the parties are calling me. .... time to unplug from the digital machine for  while.........

I was there just once so can't compare different areas of Thailand. Next time I go there I will get your opinion for best tourist resorts.

You waiting  for Bitcoin to go bullish to plan your visit or you already earned enough for that tour

[Ramiza]

• $1.67 million cash
• 830 kilograms of silver
• 6 pieces of land
Ukrainian prosecutors say they've seized $3.39 million in proceeds of illegal crypto trades belonging to brokers who illegally facilitated crypto purchases for Russian users.

https://www.coindesk.com/policy/2022/07/13/ukraine-seizes-assets-from-otc-crypto-brokers-for-working-with-russians/

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Hamza2424]

It's way too early to be calling the "bottom as in" even if you may well end up being correct (coincidentally or aka by luck).

Thats Too early to say well it is considerable but my point is for now the Bottom is this what we have now I'm pretty sure about recovery in First weeks of the August reason point is Maximum if Bad News roaming around related to Crypto atill market is holding back, May be by Luch next year as well the Bottom will be same lets see what happens.

JUNE Ended But Records are still Counting the latest Glassnode report Say's.

Fuck Glassnode and their manipulation games.
Just my2ct

Really

I'm sure 😊 you are good at analysis of all the Transections then. I can't put my whole week to analyze the transfer details to take next position and pack up with the coming time,

Yeah.. take the comment personally Hamza2424.. that makes a lot of senses.. .

Just my2ct, the which i didn't understood from the last posts so what it is, and Nothing is personal i think over here everyone post and gets replied so that goes on with the time. Reports can be manuplative that obvious but 100% of them thats questionable still i think some of the cases glassnode handled well to avoid experience's like Luna Further.