It is time to put back on our on-chain analysis hat, and dive into the Puell Multiple, and on-chain indicator for #Bitcoin, created by David Puell. This indicator provides a glimpse into #Bitcoin miner profitability. This on-chain indicator has historically been fairly accurate at identifying market cycle bottoms for #Bitcoin.
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Objection! Dubious Speculation!
🤟🤟💪💪
INTERESTING: You can draw up trend and down trend lines from PUELL MULTIPLE local BOTTOMS. Currently we would still be in a macro up trend. These dubious upward trend lines angles are getting smaller similar to lenghtening cycles.
Trash talk for get subscribe
Bro you and James are awesome!!! Love the stat-based approach 🥳🥳🥳
Anyone else Invest in sealed product of magic the gathering? it's actually quite fascinating as an alternative investment class. Crypto and mtg actually have close ties for those that don't know
I'm loving these daily uploads, I've learned so much from your videos already.
I wonder about a lot of these things like this that show btc needing to go lower, but we never got a real blow off either, so it makes me wonder if maybe it doesn't need to hit the 200 and ride it, or maybe it doesn't have to bottom out on puell and some other indicators since it never went as high as it has before.
Today… we're going to talk about … (wait for it) … BITCOIN!!! Ol' faithful, I love it.
Oooo Ben, James (invest answers) seems to think we're a lot further along than you beleive. He's on about the bottom being in about now. This bearish divergence between you two has me spooked!
I’m nowhere near smart than you but I wouldn’t compare this market with any pervious cycle.
I believe BC Backer's latest video is the correct understanding of the market at this time
Bottom in the summer and then consolidation and then start ascent in 2nd quarter of 2023
dubious at best, which matches the content of this channel , that's golden, self deprecation at it's finest. I really enjoy your commentary. Thanks Benjamin
Forbes will be bored until late 2023
on chain analysis doesn't work for predicting price movement. Just look at all the youtubers who were calling for a higher high based on them a few months ago.
Just give us one relief rally before the capitulation…just one. That's all I ask.
Crypto winter cometh…I'm so cold…
Thanks buddy
Im never this early
Don't care much about today's prices anymore but thrilled the mailman just delivered my, "Dubious Speculation" T-Shirt today. Very nice!
Isn’t Bitcoin forming a bearish pennant flag on the daily ranging from 20k-17k depending where you get that trend from?
You mean point 03, not point 3?