2/ Spot $BTC volume on 13th ended up decent but NOT heavy as it was for futures #BTC NOT CALLING BOTTOM BUT this = good for #bitcoin case Last time it looked good, BUT LACKED VOLUME, was the green highlighted area Still has LONG way to go but 1st time we see some accumulation Keep in mind that we called WARNING SIGNS on BTC on October of last year!!! Documented!
1/ $BTC shows great potential & #futures show accumulation vs Spot #BTC which shows NOTHING We've proven MANY times how derivatives dictate #bitcoin price action HOWEVER We're @ crossroads This will prove once & for all if spot or futures dictate & case will close More coming
So you understand how HUGE this is!!! This will likely be the 2nd LARGEST BUY volume day in years!!!!!!!!!!!!!!!!!!!!!!! 🚨ALERT! 🚨 MONSTER $BTC REVERSAL & While there's SOME short covering it's minimal, so it's PURE BUYS!!! We could be seeing BOTTOM in #BITCOIN TODAY! We've not called one this year Some were close but this is BIG! Spot #BTC volume normal =...
THIS IS HUGE! MONSTER REVERSAL & While there's SOME short covering it's minimal, so it's PURE BUYS!!!
Makes sense $TNX stopped falling as they stopped the bond buying program It's been weaker so likely they started buying again #inflation #interestrates Will #fed reintroduce QE and/or also stop raising (short term at least) rates???
7/ $ETH not much on daily #ETH 4hr = symmetrical🔺, tends 2b continuation patterns, not crazy seeing that now 4Hr $BTC looks better, same pattern though Weekly #BTC is concerning, needs to reverse asap This line has held well but the more it's tested, the weaker it gets. If #stocks rally, #crypto should as well #Ethereum #Bitcoin
6/ $VIX clipped today Another big RED (down) candle & lower highs Fits perfectly to what we've been saying for few days & For longer term outlook We see ton of volatility next few days = good few month bottom $NDX is @ DO or DIE!, bounce more likely #stocks #crypto
5/ $VIX is trading in Symmetrical Triangle Tends to be a continuation pattern What's the pattern? The dotted purple line Last year we coined #MOAC (AFAIK) IMO something next year unless something out of the ordinary happens $SPX is close to MAJOR SUPPORT #stocks #crypto $SPY
3/ Those following know we've been saying that the US #Dollar is done, on life support, BUT it's stronger than all the others in the basket, hence $DXY LOOKS strong $ETH LONE survivor of indices #ETH tad weak here but still impressive #Ethereum held well all things considered Not crazy that Weekly $ETH RSI, weak & struggling here BUT EVERYTHING ELSE IS LOWER,...
2/ China stating they're dumping #Dollars, may cause $DXY to stall @ 113ish area we spoke some time ago W+M RSI stopping every advance @ white line @ least short term & @ least 10% downside Major support is LOW 100's Light blue areas are all support levels $BTC #BTC #Bitcoin Of course this those following know we've been saying that the US #Dollar is done, on...
1/ There's a ton of fear atm #CreditSuisse & #Deutsche_Bank all over $TWTR How can anyone be bullish? We warned from last year about the coming #MOAC(Mother of All Crashes) BUT short term there are signs of +, #crypto @ least is holding, needs to lead $BTC #BTC #Bitcoin Will only post partial
Other banks will probably follow the #BankofEngland #Fed Reserve is watching & it fits SHORT TERM bull narrative Updated $VIX - Don't see a major crash in 2022 #stocks #crypto #VIX $SPX $SPY $NDX #NDX $DJI #DowJones #NASDAQ100 $BTC $ETH
$BTC showing life, trades above RED MOVING avg Let's see how it closes today & Would like 2c BULLISH moving avg crossover (red > Green) Weekly #BTC need 2c CLOSE above, @ least, the red moving avg (lot's of data on chart) #Bitcoin does look poised for pump
SHORT TERM $ETH looks VERY GOOD This is why using more than 1 system is necessary, easier to see pattern in 1 vs other #ETH, like, $NDX is poised to benefit from all the short term bounce ideas posted b4 This is a 30min & 4Hr chart Daily #ethereum STILL has much work to do
Something we've spoken on MANY TIMES Eventually, even friends, will get tired of US #Dollar as reserve #currency AGAIN, NOT STRONG Dollar but ALL #currencies weak They need to print that much more for trade! Look @ #BRICS & friends trading in other fiat #GOLD #Silver #BTC #DXY
$ETH still WITHIN parameters of INVERSE HEAD & SHOULDER pattern = END OF BEAR BUT Needs to BREAK above NECKLINE with VOLUME Short term, as stated not long ago, #ETH GAP FILL likely Oversold may also happen #Ethereum still way better than $BTC (only RSI showing signs of life)
Another weak day for $TNX This should be higher BUT why not?! Serious negative divergence too #FED & worldwide #CentralBanks have made commitment to buy debt OR Maybe 75bps won't make it for whatever reason? Hmmm
US Dollar didn't make lower low, but it's down from close 4Hr is showing weakness via Short term down trend RSI trending lower Weak $ is good for #StockMarket $DJI made huge comeback & stronger than $NDX atm This is a decent area to HOLD for #stocks