Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by strawbs (2)
Well, the events described in this post happened. There was a short/long squeeze on the market and a further drop in prices below significant support levels:
Derivative markets contributed to the fall, namely option expiration, increased open interest, increased use leverage by short traders, etc.
Derivative markets contributed to the fall, namely option expiration, increased open interest, increased use leverage by short traders, etc.
Next option expiry will hurt.
I just hope that when the uppity resumes, it will be fast and wild enough to reck some of these paper dealers. Eventually, they will need some physical corn to cover. My wish for them is that they have to scramble and marginally buy it at 200k+ apiece.
And it is guaranteed to remain nothing more than a wish. Bitcoin won't go above $45k at any point in 2022. Nor will it in 2023, 2024, 2025, and beyond. Macroeconomic winds have finally caught up to the mania. Nothing about bitcoin is special enough to overcome the headwinds of the next decade of economic policy. Before the next halving we will see prices below $10k.
We know what you are doing with your posts. This is a bitter sarcasm mocking all those weak hands who always sell/short and lose great ponential profit because of their short-sightedness. It's just that after the 1000th post of that kind, it becomes boring, at least for me. Besides, there are plenty of autists/aspergers between the weak hands and they can't get the sarcasm. Reading these posts they might actually believe you said what you meant.
For the latter, the translation is this: Don't panic if the price falls from X to Y, because in a matter of days, maximum a year, it will return. But if you sell, you will be out of the train and miss the next 10x bull run. Chill out peeps, get a life and don't bother about it.