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re: Official CryptoTalk Thread

Posted on 7/19/21 at 9:44 pm to
Posted by FlyinTiger93
Member since May 2010
3724 posts
Posted on 7/19/21 at 9:44 pm to
quote:

ETh at 1800 in a bear market. Lawdy lawdy


ETH has bounced 10-15% after each deep dip.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 7/19/21 at 9:45 pm to
Eh possibly. I’m not worried one way or the other
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 7/19/21 at 9:51 pm to
The chance of anyone who knows what they’re doing getting air gapped is basically zero right now. Been down trending long enough to know where solid buy triggers are.
Posted by jmcwhrter
Member since Nov 2012
7766 posts
Posted on 7/19/21 at 10:17 pm to
6 months before next halving .. start buying again
Posted by TheDuke5524
Baton Rouge
Member since Jun 2015
1413 posts
Posted on 7/19/21 at 10:21 pm to
When it rains…it pours. The bleeding will stop eventually
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82094 posts
Posted on 7/19/21 at 10:22 pm to
All of the on chain data is showing major signs of potential upwards movement in the coming weeks/months. In the morning I can post some examples of the on chain analysis
Posted by down time
space
Member since Oct 2013
1914 posts
Posted on 7/19/21 at 10:30 pm to
where are they? why is 29k a bad entry in the macro? Nobody is getting top ticked at this point.


Posted by finchmeister08
Member since Mar 2011
39848 posts
Posted on 7/19/21 at 11:15 pm to
cause when you buy at 29k, it drops to 20k. don't you know anything?
Posted by TigeRoots
Member since Oct 2008
8556 posts
Posted on 7/20/21 at 2:42 am to
Added some more @ $29,650
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 7/20/21 at 6:24 am to
29k isn’t a terrible time to start DCA but what we know about this space, BTC will sit around its relative floor for months/years.

There is pretty much no reason to buy again this year if the bear is here unless it flash crashes to sub 15k.

In the micro, if BTC decided to run to ATH again and you want to take on the risk, there are buy triggers littered throughout BTCs price history and also profit targets.

I won’t discuss those because I don’t need someone getting real pissed at me if I misread a top as an entry point
This post was edited on 7/20/21 at 6:41 am
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 7/20/21 at 7:09 am to
quote:

of the on chain data is showing major signs of potential upwards movement in the coming weeks/months. In the morning I can post some examples of the on chain analysis


I keep seeing this on Reddit posts and stuff but the price keeps going down

I would very much welcome your analysis though. Id like some hopium
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 7/20/21 at 7:57 am to
Why do you care about on chain analysis for the coming weeks/months?

Thought that sort of shite was for us losers still holding fiat
Posted by lsu777
Lake Charles
Member since Jan 2004
36983 posts
Posted on 7/20/21 at 8:01 am to
quote:

Am I the only one who still thinks we hit new all time highs in 2021? Bunch of debbie downers in here.



no but i also have been out since i got the call signal that it was dropping from 52ish to 41ish so i am sitting pretty and maybe its blind faith but i still think we get another run...well that is if more lockdowns come and more fed money is pumped in like i am expecting.

i will say the damn discord more than payed for itself
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82094 posts
Posted on 7/20/21 at 8:32 am to
quote:

Why do you care about on chain analysis for the coming weeks/months?

Because it has a much better track record of determining bull/bear runs than TA. I don't trade based upon it. Just follow it to understand what type of market we are in and what the whales are doing.
This post was edited on 7/20/21 at 8:34 am
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 7/20/21 at 8:39 am to
The problem with that is you can’t know why the whales are doing what they’re doing.

Last few weeks/months all we heard was “whales accumulating, buying up all the btc below 35k” yet here we are.

Maybe whales are accumulating to borrow against and short.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82094 posts
Posted on 7/20/21 at 8:47 am to
The main one I read has a paywall so a link won’t do here. I’ll get some snippets from it when I get to a computer. This one is a free on chain analysis and it is pretty good as well.

LINK
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82094 posts
Posted on 7/20/21 at 9:27 am to
One excerpt from Willy Woo:

quote:

The chart below visualises this clearly, plotting the price of BTC next to the increase in users seen coming onto Bitcoin’s blockchain per day.

I’ve marked in the chart above what happens at the start of true bear markets in red circles; new users stop coming in. There’s a clear divergence between price and fundamentals.

In my years 8 years in Bitcoin’s market I have never seen fundamentals not play out over price action given enough time. The market is not pricing the bullish fundamentals, which opens up a great buying opportunity for those who are patient.




User growth is the increase of users seen on the Bitcoin blockchain in a 30 day rolling period plotted on a log scale. This amounts to the number of new users minus old users that leave by emptying their wallets. (The lighter pink area depicts the daily net growth of the network.)
Posted by Ronaldo Burgundiaz
NWA
Member since Jan 2012
6768 posts
Posted on 7/20/21 at 10:00 am to
Posted by TheDuke5524
Baton Rouge
Member since Jun 2015
1413 posts
Posted on 7/20/21 at 11:09 am to
Those are former Doge Coin Millionaires. Lmao
Posted by James11111
Walnut Creek, Ca
Member since Jul 2020
5533 posts
Posted on 7/20/21 at 11:46 am to
Nice graph and snippet. Thanks for posting.
This post was edited on 7/20/21 at 1:25 pm
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