Heard McDonald’s is paying well these days..

Panic selling  

Who would have thought it, who would have imagined it, price is finding buying pressure at support. OMG OMG OMG.

Not much to say apart from RIP perma-bulls. I salute you all engulfing hopium through a crack pipe of wild dreams and psychotic dreams, but welcome to the reality of price.
I am feeling sorry for perma-bulls right now though, times must be tough. Just remember that a long-term uptrend is based on the long-term, not the short-term.
Of course price bounces in bull markets, but it's not from short-term hopium, it's from long-term support. 20/21 Week MA incoming, don't forget your buy orders.
Closing in on long-term support now, the time for short-term bearish price movements will come to an end, have some faith in proability.
Don't be like Billy and don't pull a mindrust  

Here us something interesting, if true.
Apparently, SP500 is flat since 1997, if you calculate (normalize) against M2 money supply.

https://twitter.com/PrestonPysh/status/1466868260838821895/photo/1

Something is up




-50% is wild and if it continues it can be an indicator of a large price drop to come.

BTW this pattern does not match 2017-2018  so maybe things are different.

If it means we meander about in 2022  much like 2021 it works for me.

Of course we are just starting and it could be freak luck.

DXY heading south, still a little early to pronounce a conclusion but still optimistic that there are enough shorters on BTC about to get rekt.

@BitcoinBunny the measures where not taken because of a new variant, but because infections are running rampant. I hear a lot of people around me who know people who are now infected, luckily all either young (kids) or vaccinated, so no one really ill (except for the nephew of a team member who died 2 weeks ago, but he had many prior medical issues). The hospitals are so overwhelmed now that all non-essential is halted and hospitals are preparing for the situation where even essential healthcare (e.i. care that has to be given immediately, or the patient will die) will have to be rationed. The husband of a friend of mine is a surgeon, he is now part of a commission that will have to make such life and death decisions.

All non essential care being halted is in itself bad enough. A friend of mine has cluster headaches (nicknamed suicide headaches) and he stopped receiving injections against that, he'll just have to deal with it. Just one little example.

Interesting thing in the NL is that we have been measuring the number of virus particles in the sewage water for quite a while now. It gives a nice objective view of how much Corona is going around and can be used to predict how many people will clog our health system two weeks later. See https://coronadashboard.rijksoverheid.nl/landelijk/rioolwater

Twitter thread from a vaccine developer https://threadreaderapp.com/thread/1464222680731820043.html

A lot of speculation still, but it's not all bad so far.

Is it just me, or the world seems to be in dark place, right now, psychologically?
The overall feeling of societal stagnation is in the air.
Maybe this is how people felt during the decline of Rome.
If we are in a similar historical point, the next few decades would not be pretty, I just hope that they would be mostly peaceful.

Strangely enough, I am very much discouraged, among other things, by the persistent silicon shortage (with regards to GPUs, mostly).
This was NOT supposed to happen in a true market economy, right?

Bitcoin is one of the true lights in the world now and, hopefully, it would survive and prosper during these tumultuous times.

Potential vaccine-induced evolution.: "Vaccination increases the transmission advantage of an escape variant"

Biodom and Somac, can we get your opinion on this? Is dose sparing in SA breeding immune escape variants?

https://www.nature.com/articles/s41577-021-00544-9

How convenient for the Fed that a new covid variant "suddenly appears" right before the month they talked about tightening?  

Money printer will never not go brrr. They just need an excuse for the public.

Price currently at the 0.618 fib retracement level from Summer low to new ATH. Don't be surprised to see a "coincidental" bounce from here from "the middle of nowhere".



Currently not ruling out $50K-53K support being tested, nor the 200 Day MA around $46K, that also line up with the 50 Week MA support trend-line, but it's also not necessary.
For reference sake, the 0.618 retracement level is considered the "golden buy zone" based on expected retracement level (correction) from bullish rallies.
Naturally, closing a Daily candle below this level would likely confirm further downside towards stronger support, but the day is currently far from over...