Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 07/11/2021, 19:25:37 UTC
⭐ Merited by Hueristic (1)


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?

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, so 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. 



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?