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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
philipma1957
on 26/07/2023, 21:15:29 UTC
⭐ Merited by Who is John Galt? (1)
Looks like dca for July Sept Oct will be good.
What about August?  Do you even know how to count?
Hmm I think philmipma is using some sort of reverse-order strategy on the historical monthly return chart as you know July performed really well back in Hsitory but this time it disappointed a bit so the same case is with the SEP as it's Historically one of the most -ve performers and OCT is completely Opposite to the SEP.

For AUG hmm, it's very Volatile by nature sometimes a Light Bringer and sometimes Full Dark... Have look

It does not hurt to look at some of that historical data, yet I doubt that king daddy is attached to either monthly performance or even having to follow calendar years or to be correlated with various traditional assets and macro happenings - even though sometimes on short-term timelines bitcoin will appear to be correlated to various traditional assets and/or even with calendar bench marks.

Short term its attached since it has not really formed a 'too big to fail market cap'

Ie gold = 10 trillion + = 18%
Stock market = 45 trillion + that is nasdaq and nyse = 78%
BTC                  = 570 billion only 1%

When those ratios go to

gold 10%
stock market 70%
BTC 20%.

they may fully uncouple.

for now so much more is in

Gold
Metals of all kinds
Stocks
Bonds
Real Estate

that BTC is subject to a lot of co dependent behavior to the larger pools of wealth.

The Fed jump is good.

Next one  up is sept 22.   my guy (35 years as a banker) says pause

Then nov 2 he then says unknown

Lastly dec 14 also unknown.

My guess is Sept is a jump
Then Nov is a pivot.

Which would mean a fall-winter rally for btc and stocks.

Down the road maybe 2032 if btc is 600k with a market cap of 6 trillion it will not be tied to the other wealth sources.