Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Bitcoin "lost' temporary correlation with stocks...some people would say that there was never a correlation, but I would suggest that sometimes there is and sometimes there isn't.
That said...stocks covered all of the weekly losses today and Dow closed at the ATH. Bitcoin had a smallish move.
One explanation would be that bitcoin correlates the most with liquidity and mr market "decided" that FED would provide less liquidity going forward because UE went down.
Obviously, the move up today in btc was much more timid than the move down (on ME "jitters") earlier in the week.
Observing...
That said...stocks covered all of the weekly losses today and Dow closed at the ATH. Bitcoin had a smallish move.
One explanation would be that bitcoin correlates the most with liquidity and mr market "decided" that FED would provide less liquidity going forward because UE went down.
Obviously, the move up today in btc was much more timid than the move down (on ME "jitters") earlier in the week.
Observing...
I would say: Snap out of it. You are suffering an illusion.
You might either need a bat slappening or perhaps if you just zoom out a wee bit MOAR better, then you might gain a bit of a better perspective on "what is dee cornz?" also known as honey badger, also known as king daddy, also known as my lil fiend, also known as bitcoin.
All this time "observing" and you still seem to be struggling with what we've gots here. Hopefully, you have not failed/refused to pee pare ur lil selfie for UPpity this time, and gotten over some of that there historical (or should I say hysterical) whimpiness.
you asked for it..
Whatever...bitcoin has been yo-yoing around in the last 6-7 mo..not a first time, but still anoying.
Illusion? PlanB has an illusion-calls a flat line a "bull market", I am just bored to smithereens.