Long the fuck out of BTC

Long the fuck out of BTC

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Checked but your dubs confirm DXY bottom is 88.

I don't think it is, but could you explain why?

It bounced off support today, for now. If it goes up even 1 cent it could be enough to send btc back to 12k support.

It might bounce but it still looks bearish as fuck to me I would've guessed it would crash hard to about 78 following the overall trend

Because Kek has spoken to You

And this
DXY has been falling for a little bit now, conversely BTC has been rising and is a little overheated rn

It is so cool that we are actually talking about BTC in terms of the DXY now legitimately
A few years ago that kind of shit was laughed at, and rightly so at the time

More like get the fuck out of BTC

So even though they printed all that USD a few months back the DXY is supposed to shoot up?

They didn't really "print" the money, unless you have a source that I'm unaware of
The Fed just puts money in the accounts of the big banks, the primary dealers, which they may or may not use to prop up the economy and protect their investments as needed
(Among a whole list of other similar practices)
Of course the buck ultimately ends up on the Fed's balance sheet, but that is not "touched" by the real economy until they start to try and unwind it, or the whole thing becomes insolvent

Daily reminder there are people doing TA like that, you really need to commit yourself to do worse than these guys.

>brace for impact

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unironically, this. and DXY will get a nice fat bump when trump is sworn in again.

>protect their investments as needed
how?

>if it goes up 1 cent
consider suicide you giganigger retard

>doesn't understand the relationship between bitcoin and usd

you're not worried about the low volume rn?

Dxy will plumett when trump is confirmed.

basically by shoving their junk bonds and other shit onto the Fed's balance sheet by being able to sell them dollar for dollar when they aren't trading that way on the bond market
Everybody in the finance world went nuts earlier this year when the Fed released a statement saying it might possibly consider maybe accepting "equities and securities" because that means the primary dealers and the big banks throught the discount window, can offload actual stocks onto the Fed, thus more directly pumping the stock market which is much easier to spill over into the real economy
(They haven't done this yet tho)
I'm no big brained genius, I don't know what the real inflation rates are gonna do IRL next year and in years to come but I'm just giving my outlook on how the situation is

you put the TA in tranny

Trade your btc against CHF instead of $

>dxy bull

Why has the money supply gone up then?

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t. steve van metre watcher

George Gammon actually
Pretty sure that's in the same filter bubble lol

it literally dumped to the base of a distribution cycle that began since 2018 and you're shorting it

classic biz buy high sell low

with the great conjunction coming in roughly 2 weeks and DXY at support BTC will be consolidating between 14-16k for 2-3 months before the next move up

Dxy 88 is psychological bottom

Trump is jobs man,jobs pump dollar

Check even before that in 1986, the pattern down of dxy goes to bretton woods lmao.

Shit's fucked up at this rate it will be around 60 in 2022 and since all currencies are floating currencies since 1971 it will also trigger a global devaluation of all fiat.

After 2008 western central bank have done literally inverse chavism, literally brrrrrrrr policies but from top to botom instead of the reverse thus causing asset inflation of everything richfags accumulate.

I don't like when leftist say socialism for the rich and that kind of stupidity but this keynsian bullshit was never a long term plan the fact that they are going to qe infinite means the end of the west and the rise of china.

The only last chance for the west is if free cryptos like btc & eth take the position of bretton woods failed bancor but in a very slow way so everyone can adapt.

That or the collapse of western monetary systems which will trigger china that is an import dependent country to create a new system or starve.

No trump was a strong usa in general president and against insane gibsmedat which made the usd stronger.
His attacks against powell & bitcoin were his undoing , the usa was growing with higher interest rates which was bullish as hell and bitcoin was a valve to prevent the usd from becoming overvalued and causing global deflation.

Attacking both had serious consequences for the trump last years and the whole build back better faggots had the gate open to literally shill this covid bullshit to trigger a massive dollar devaluation since their meme welfare states were collapsing.

Had Trump let powell raise rates & supported crypto none of those shit would have happened since the whole build back better crew would not have had the balls to pull this shit due to fear of capital flight to usd via crypto.

God shit is so fucked up.

true but in 2015 they tried to stop
they actually unwound the balance sheet a tJɴʏ amount before, in like 2018 I think, they abandoned that because owo the poor market got spooked