Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3613. (Read 26723968 times)

US are doing all that for years. Why shouldn't countries like China and Russia do that as well?

Petro dollar is good but petro ruble is bad... for the US monopoly! 

https://asia.nikkei.com/Spotlight/Datawatch/China-hoards-over-half-the-world-s-grain-pushing-up-global-prices


"Less than 20% of the world's population has managed to stockpile more than half of the globe's maize and other grains, leading to steep price increases across the planet and dropping more countries into famine.

The hoarding is taking place in China."

Explanation

 https://twitter.com/Jkylebass/status/1527774208931028992?s=20&t=cez2x7WN3LSQ1i7W669Yug


 "China is preparing for war. First, Xi orders Chinese banks to risk asses and insulate against potential U.S sanctions. Now Xi is directing Chinese nationals overseas to divest of any assets. China has been hoarding grains for over a year…Xi’s 1/5"

"playbook is obvious to anyone willing to connect the dots. In January 2020, China updated their “Foreign Investment Law” which gives Beijing the power and ability to NATIONALIZE FOREIGN ASSETS/INVESTMENTS under “special circumstances” which include war. 2/5
"

"In mid 2021, China’s new Counter Foreign Sanctions law enables Beijing to seize corporate assets and detain expat employees if the underlying corporation simply is complying with foreign sanctions. 3/5"

"The groundwork is being laid for complete seizure of foreign assets and investment in China. If you are an institutional fiduciary or any other fiduciary, you better be re-thinking your risk assessment of investing in public or private Chinese companies. 4/5"

"Investors lost everything in Russia and have tried to sweep it under the rug. They won’t be able to hide the hundreds of billions that will be lost in Chinese investments. 5/5"


roh roh

Why would we want to provide misleading information in order to make a point that is likely to be shown not to be true?

In other words, fuck shitcoins, and I do not see any reason to pump them in this thread; however, there are various ways that shitcoins are intertwined with bitcoin - and an overwhelming majority of them are hanging onto bitcoin's apron strings to receive various kinds of protection.

The price performance of various shitcoins does not always correlate to BTC, and surely those shorter periods of some level of reverse correlation tends to be nice, and the BTC price pump of April to June 2019 ended up being somewhat even more memorable because of the extent to which shitcoin's did not pump during that particular bitcoin pump....

I am not really against your sentiment wagmi... beat on shitcoins whenever and wherever possible.. when in doubt bash a shitcoin; however, I find it problematic to proclaim bitcoin to be 100% detached from shitcoins.,. especially since bitcoin likely increasingly touches all segments of society and the various markets, including that a large number of shitcoin's admittedly hitch their wagons to bitcoin.


That's true.



 


Exactly.  You admit it.


You seem to have meant the royal we... therefore, for funzies, I fixed it for you.


 

Explanation

Here's an actual link in which we can see the dates more specifically and really it appears that longs are at an all time high for the past 5 years of the below-linked chart.

https://www.tradingview.com/symbols/BTCUSDLONGS/

You can view from the trading view chart that the bottom of the longs for the most recent exponential rising period was on about April 4th, so the longs have been continuing to go up exponentially for the past 6 weeks or so, and accordingly, there is no blip of any kind of a downward movement in the longs during the May 5-12 BTC price dippening of the last couple of weeks.  

I would have thought that we would have been able to see some kind of lessening of the number of longs during such a decently large downward BTC price move that went from $39k to $25k (36%) in about 8 days from May 5 to May 12 with about the last portion of that from about $33k to $25k (24%) in the final 3 days (from May 9 to May 12).

No blip in the number of longs in that chart or no other sign of any troubles.

Regarding the overall point, for sure it seems problematic for the BTC price to be able to go up from here with that quantity of longs.. It's hard to imagine going up with that many longs.... unless we just bring Oprah back and everyone wins a car, a hooker and some blow... may as well throw that into the mix, too..

Ven squeeze ?

Monthly.... slut


Made out like a homing pigeon for the 55^

Weekly=

Note the current Stoch cross up price on weekly^^

Click and click for higher res/full screen

..... describe what that looks like, I am interested in your theory/fear

BTC had already dropped pretty much 50% from its ATH by the 5th May by the time Luna/UST went pop, and it did that all by itself without any help from Luna. Sure there was a further BTC sell off due to the Luna/ust lunacy... but I would argue that was going to happen regardless of Luna/ust imploding.

I had pointed to BTC hitting the 55 on the monthly.... and was expecting it, however, I did not expect it to happen so quickly.... if we do not dig in soon, then , more doom on cards..... and even if we bounce here,  we could just hit say 35k, form another lower high, and then ... doom..  personally still of the view there is no macro bull run case, until we break and form support over 48K at least.  

Worst case imo is we bottom out between 10/11K to 17K, unless there is another black swan then, who knows.....

Hoping we do not get worst case, but it would not surprise me either....  200W MA is next logical pitstop if we do not dig in soon thou, and would expect a reaction there... either a bounce or a shit the bed/capitulation moment.

(ps breaking say 36.7K and then forming some support above there would be a good start, and would get my attention)

'bout time to regulate here/him

buddy drops 3x 29k numbers bad buddy.

Explanation

Explanation

Explanation

Weekend pump

Weak end pump

Explanation

I can see you were kicked in the balls

OK.  I apologize for having done this.

And I am not going to say the thing this morning I want to say too.

I can make that sort of sacrifice for my friends.