[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 52 KB, 767x529, Capture.jpg [View same] [iqdb] [saucenao] [google]
54189538 No.54189538 [Reply] [Original]

>Bitcoin's pumping because banks are failing!
Yeah, and so are tech stocks.
>We're mooning and that's that!
It was a short squeeze. There's still a realistic possibility it can go the other way. Bitcoin's been dragged towards liquidity for the last year or more.
>Cope, nocoiner.
I hold Bitcoin, fuck off.
>Gold is mooning too! Invalidated!
Gold has been touching and rejecting $2000 for the past 3-4 years.

Fact of the matter is the market (stocks and crypto) are playing chicken with the Fed. There's a narrative the Fed is going to pivot. Maybe, but unlikely. As per pic related, if the Fed comes in with a rate hike stocks are likely to tumble which to past correlates infers Bitcoin should drop as well (maybe there's a decoupling, sure). However do not be surprised if they tamed Bitcoin, and while TQQQ is 3x NDX, Bitcoin has recently assumed the role of something akin to a 6x NDX.

Short version: It's possible market makers are ready for a bull run. It's also possible this was a short squeeze for exit liquidity. Never trust whales. They have their own agenda.

>> No.54189560

>fed announces $2 trillion rescue package for banks
>risk assets and inflation hedges pump
Simple as

>> No.54189562

No Bitcoin is NOT a usa stock you retard
After ftx the correlation is low
Just check your picture

>> No.54189568
File: 88 KB, 1406x641, 1624488272883.jpg [View same] [iqdb] [saucenao] [google]
54189568

>>54189538
I agree with you but can't help wondering who pays all these shills that keep promoting BTC? Do they get payed good to shill?

>> No.54189577
File: 135 KB, 600x653, 0YYnCVt.jpg [View same] [iqdb] [saucenao] [google]
54189577

>>54189562
>After ftx the correlation is low
Not really. That is heavily correlated.

>> No.54189640

>>54189568
>who pays all these shills that keep promoting BTC
This is literally a crypto board, it was created to contain crypto from /g/. The question is what are you doing here

>> No.54189771

>>54189538
qqq and a batman sign!

>> No.54189920

tl;dr, you're too late op, why bother
bitcoin is high r/r money, like gold, and traded in the same basket as other high r/r assets.

>> No.54191045

>>54189538
>so guys it will achksually either go up or down going forward

Great analysis