Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[marcus_of_augustus]

... before you believe some pigeon english BS on the intertubes here's a back-of-envelope from the disease epicenter first wave in Italy.

The recent reports from N. Italy city Bergamo has anti-body testing showing 57% had CoVid-19 antibodies (highest percentage known and getting close to 'herd immunity') ... but at what cost?

Bergamo 'excess' deaths above normal year were around 6,000 and tot. population of Bergamo is ~120,000.

57% of 120,000 is 68,400 have developed anti-bodies (assumed contracted covid at some point)
of them ~6,000 perished therefore total case fatality rate ~8.8%

This is what happened in N. Italy when hospitals got overwhelmed, CFR goes up scarily. Most other numbers with modern healthcare operating normally (i.e. not triaging) Western CFR are around 1% and looking quite consistent across countries, regions. Also N. Italy was unlucky to be first in firing line and early days when no-one knew wtf was happening, thanks for the heads-up China assholes. Now there is much better understanding that this virus primarily attacks the blood (and other ACE2 receptor-bearing cells), not a flu-like respiratory disease, and distressed respiratory symptoms are only one of many possible outcomes.

It's a really shit disease almost like it was designed to impact modern society maximally. 80% of people who get it have mild symptoms so it is easy to dismiss 'as just a cold'. Long incubation times, people get the virus and feel little to nothing, don't know why to bother so go around spread disease everywhere, sometimes asymptomaticaly. People who get it severely need intensive hospital care and can survive quite well, but without will die in progressively larger percentages.

The long incubation times and high percentage of healthy and younger people unaffected when catching the disease almost guarantee there will be a second wave because social psychology of locking people up for flattening the curve of the second wave is now basically impossible. The hospitals will probably become overwhelmed and it will run its course with high CFR. Unless there are discoveries of vaccines or therapeutic treatments that can keep people who would have been previously severely affected people out of hospital in sufficient numbers. Hopefully disease tracing, public information of preventative measures and surge capacity in hospitals have had time to expand greatly but Western public institutions seem to be in a corrupt shambles globally.

[1714022576]

1714022576

[1714022576]

1714022576

[VB1001]

$9,540 Let's see how the day goes.

[fillippone]

The first analysis by roach I actually like:

A dollar crash is virtually inevitable, Asia expert Stephen Roach warns

"The U.S. economy has been afflicted with some significant macro imbalances for a long time, namely a very low domestic savings rate and a chronic current account deficit," the former Morgan Stanley Asia chairman told CNBC's "Trading Nation" on Monday. "The dollar is going to fall very, very sharply."

His forecast calls for a 35% drop against other major currencies.

"These problems are going from bad to worse as we blow out the fiscal deficit in the years ahead," said Roach, a Yale University senior fellow.

This is it, COVID-19 steered our live to the worst in every negative way. Less health, less security, less privacy, more government, more failures ahead.

[becoin]

The first analysis by roach I actually like:

A dollar crash is virtually inevitable, Asia expert Stephen Roach warns

"The U.S. economy has been afflicted with some significant macro imbalances for a long time, namely a very low domestic savings rate and a chronic current account deficit," the former Morgan Stanley Asia chairman told CNBC's "Trading Nation" on Monday. "The dollar is going to fall very, very sharply."

His forecast calls for a 35% drop against other major currencies.

"These problems are going from bad to worse as we blow out the fiscal deficit in the years ahead," said Roach, a Yale University senior fellow.

This is it, COVID-19 steered our live to the worst in every negative way. Less health, less security, less privacy, more government, more failures ahead.

This isn't it, covid-19 is not the reason. There was a severe banking crisis in November last year when repo rates on the interbank market hit 10%. The Fed restarted printing money in November 2019. Covid-2019 is just a cover up!

[hv_]

The first analysis by roach I actually like:

A dollar crash is virtually inevitable, Asia expert Stephen Roach warns

"The U.S. economy has been afflicted with some significant macro imbalances for a long time, namely a very low domestic savings rate and a chronic current account deficit," the former Morgan Stanley Asia chairman told CNBC's "Trading Nation" on Monday. "The dollar is going to fall very, very sharply."

His forecast calls for a 35% drop against other major currencies.

"These problems are going from bad to worse as we blow out the fiscal deficit in the years ahead," said Roach, a Yale University senior fellow.

This is it, COVID-19 steered our live to the worst in every negative way. Less health, less security, less privacy, more government, more failures ahead.

This isn't it, covid-19 is not the reason. There was a severe banking crisis in November last year when repo rates on the interbank market hit 10%. The Fed restarted printing money in November 2019. Covid-2019 is just a cover up!

Correct, I remember JPM was struggeling here - now they 'go' Bitcoin

[fillippone]

The first analysis by roach I actually like:

A dollar crash is virtually inevitable, Asia expert Stephen Roach warns

"The U.S. economy has been afflicted with some significant macro imbalances for a long time, namely a very low domestic savings rate and a chronic current account deficit," the former Morgan Stanley Asia chairman told CNBC's "Trading Nation" on Monday. "The dollar is going to fall very, very sharply."

His forecast calls for a 35% drop against other major currencies.

"These problems are going from bad to worse as we blow out the fiscal deficit in the years ahead," said Roach, a Yale University senior fellow.

This is it, COVID-19 steered our live to the worst in every negative way. Less health, less security, less privacy, more government, more failures ahead.

This isn't it, covid-19 is not the reason. There was a severe banking crisis in November last year when repo rates on the interbank market hit 10%. The Fed restarted printing money in November 2019. Covid-2019 is just a cover up!

While I disagree on the severeness of the crisis in November (I do rember how and why O/N reached 10% back then), I surely do agree on the cover up thesis.
Maybe I didn't make myself clear in my broken and hurried up english, but of course government are riding COVID crisis to steer the socieity in the direction THEY like the most: more control, more government balance sheet (a.k.a. deficit and debt), less rights for the people.
All of this means more power to them.
This is why they are doing it, not because it is the right thing to do, but because they can.

[LUCKMCFLY]

Very interesting.

#Gold and #Bitcoin push higher as investors prepare for Powell’s testimony on the central bank’s next steps to combat the hit from the coronavirus pandemic. https://bloomberg.com/news/articles/2020-06-16/gold-pushes-higher-as-investors-prepare-for-powell-s-testimony?sref=61mHmpU4

Source: https://twitter.com/Schuldensuehner/status/1272781685302624261

[Last of the V8s]

some ineffably British jokes from the Hon Sec

[hv_]

Very interesting.

#Gold and #Bitcoin push higher as investors prepare for Powell’s testimony on the central bank’s next steps to combat the hit from the coronavirus pandemic. https://bloomberg.com/news/articles/2020-06-16/gold-pushes-higher-as-investors-prepare-for-powell-s-testimony?sref=61mHmpU4quote]

Source: https://twitter.com/Schuldensuehner/status/1272781685302624261

Nice chart

[LUCKMCFLY]

Very interesting.

#Gold and #Bitcoin push higher as investors prepare for Powell’s testimony on the central bank’s next steps to combat the hit from the coronavirus pandemic. https://bloomberg.com/news/articles/2020-06-16/gold-pushes-higher-as-investors-prepare-for-powell-s-testimony?sref=61mHmpU4quote]

Source: https://twitter.com/Schuldensuehner/status/1272781685302624261

Nice chart

Thanks!!

[Tash]

................
  I must have missed the part where you were writing about potential renal acid load

If something is considered normal there is no need to special mention it.
The same way when someone talks about cryptocurrency, the is no need to mention Bitcoin, it is the metric and not Dogecoin.
If someone wants to apply a scale made for battery acid on food he certainly can do so if he wants.

Common sense also means if healthy blood/body is on alkaline side of things the total daily food/drink intake must also be higher alkaline.
The most alkaline food I know Marmite/Vegemite...with -41.9  (dried or dehydrated Chives is -50.6, food?)
What politicians do with food what is available for more than 100 years?
Lets starve some more brain-cells of vital oxygen and recycle CO₂, corrupt politicians know whats best (for the own pocked).

[El duderino_]

[Karartma1]

I am out of merits micdude, but get a full 100 WOmerits for this. You know, this is the kind of reminder I needed today. Will probably buy some more corn even if it's not the day.
I am willing to take the risk.

[heslo]

I am out of merits micdude, but get a full 100 WOmerits for this. You know, this is the kind of reminder I needed today. Will probably buy some more corn even if it's not the day.
I am willing to take the risk.

I got you fam

[mindrust]

I am willing to take the risk.

Golden rule: don't risk more than you could afford to lose.  

[Leviathan.007]

BTC/USDT 2H



Hey fellas. As you can see here on the chart, in 2 hours time frame price is moving on a descending channel. Due to the channel reaction, Fibonacci level and 100 days moving, we expect the resistance area @9550-9700. Our important support area will be @9250, if it fails and break the support area, we will continue the downward trend until 8800-8300. The rest of the resistance and support areas are shown in the picture above.

Since I've got some motivational feedback and huge amount of profit in the previous analyze I shared here on 13th June. I made a decision to share another analyze here. But, as I said on my thread these analyzes should not be used as trading signals. Could be nice if comment and share with me your point of view about my analyzes.

[dragonvslinux]

I am willing to take the risk.

Golden rule: don't risk more than you could afford to lose.  

Translation: Risk as much as you can afford to lose.

[mindrust]

I am willing to take the risk.

Golden rule: don't risk more than you could afford to lose.  

Translation: Risk as much as you can afford to lose.

It goes both ways. Whether it is FIAT, gold, crypto, stocks or pokemon cards...

Risk management.

If it is risky, depending on how greedy you are, you either put more or less money on that asset.

[bitebits]

Define risk. There for example is quite some risk getting more dollars for your bitcoin at a future date.
Some people don’t like taking that risk.

[mindrust]

Define risk. There for example is quite some risk getting more dollars for your bitcoin at a future date.
Some people don’t like taking that risk.

What Is Risk?
Risk is defined in financial terms as the chance that an outcome or investment's actual gains will differ from an expected outcome or return.

In my opinion risk usually translates into volatility on charts.

The more wildly it goes up and down, it means the more risky the asset is.

Not always but usually that.

Read the bold part, it means you may make more or less value than what you expected.