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

Quote from: UnDerDoG81 on July 23, 2021, 11:53:03 PM

~~Traders~~ Influencers wrecked by bringing the price sub 30k. They still preaching 18k Cheesy

let's see. Might come. But trading in this market situation is nuts. Market could turn anytime and many who sold could miss the train.

Edit: I see Virtualbacon admits he got shaken out and believes 30k is bottom. Others could not admit. Was a fan of Elliot Trading. But as soon as he sold his stash, he started to manipulate his followers telling em bitcoin going to 13k. While he was talking about 300k while we were at 60k. Unsubbed from many of these guys.

Edit: Here is a bullish chart. Bitcoin is at its lowest in history.

Quote

The Stock to Flow (S/F) Deflection is the ratio between the current Bitcoin price and the S/F model. If deflection is ≥ 1 it means that Bitcoin is overvalued according to the S/F model, otherwise undervalued.

You've been around a while. You have been through more than a handful of big bitcoin moves. And the people you describe have always existed as well. If you can build a big enough following you might be able to scalp a pretty nice pile out of your followers. And some of these guys might even be somewhat gifted analysts.

In my experience the ones who spend time predicting things in the short time frame but make "sure thing" calls on direction end up crashing eventually.

Because ultimately they are only a little better than full of shit.

I do not know that S2F chart you posted... but it looks bullish as heck for the run we are currently in. We haven't even started according to that thing.

See I like a chart that just puts the info out. Our own Toxic surfs that wave...