Post
Topic
Board Speculation
Merits 2 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
STT
on 19/08/2021, 00:25:10 UTC
⭐ Merited by JayJuanGee (2)
Yes, I'm a USD bull, probably till the end-2022 or so. I believe we're in a total bubble right now (real estate, stocks, etc.), and Fed is going to be forced to pop this bubble soon.


This might be a real smart strategy but its also just a trade, we all know the Dollar decline is set almost by design now and they cant reverse it.  They cant reverse QE properly, debt cant/wont be repaid, the closing of the fiscal deficit seems unlikely so we're in a really leaky boat but I agree the Dollar can rise in theory just from volatility.    FED is not in control, that part is the illusion and if we ever see the obvious stated that FED is not the master of this situation then genuine panic occurs.   We have the perception FED can control it so the music plays on, I think this only works while people can believe 0% interest rates and other apparitions that will keep appearing are just fine.  The people are the economy, its not a puppet show and it has to work to the benefit of the people or things go badly; FED has one tool to loosen monetary policy.
  Other arguments for Dollar strength would be government repaying debt, or exports rising also raising dollar demand and the final thing is dollar demand from buyers of the debt but this story is way overdone and there is an excess of debt and QE.    I've been watching Dollar index and its failed to break upwards, its part of why we rose and markets generally from end of July so its weaker year on year from that and it has tested and attempted higher already so far as I can see.   Saying that DXY, UUP or whatever ticker is just about trying for higher on Dollar now then July so lets see if it can do what it failed in April which is breaking past the levels of a year ago July August I want to see confirm its a stronger dollar now then back then; if this occurs maybe bearish scenarios have better reasoning.
  I think this move itself is speculative on FED tightening, ultimately I dont believe they can or what occurs is ongoing dollar dilution and lower value ie. inflation exceeds rates.

Near term BTC might going down a bit but seems like this take or plan for a hard sell is far too bearish.   I agree on the hype take, that always happens there is froth in the price.    Theres a whole range of possibilities but anything near 30k was a buy I reckon just for this year, higher then that for longer term is quite probable.

Quote
200-week moving average is touched

We did that in 2020 so thats the touch thats not going to occur every year, thats the real extremis view.   Everyone wants to buy there, thats why it doesnt occur often; you know this by correlating it to the news event that came with it.   I sure hope we arent being pushed in that way again so often