we've plotted US10Y-US02Y against DXY. we've noticed a near perfect fitting between them. as yield curve continues to invert, it drives higher DXY and that is bearish for risk assets, and vice versa. best regards.
Our publicly available Market Risk Indicator v3 (MRI3) has clearly picked in late July. We believe BTC prices have as well, thus making the top of 1d chart ichimoku cloud the bound of current move. This alone suggests SHORT as the proper side to be in for the time being. Thank you for your audience. best regards.
We believe as DXY breaks bellow 106.1 in the 15m chart, BTC is likely to break again above 23k and potentially to cross above WMA200 as SPX goes 4150+. Currently, there is an invert relationship between DXY and SPX, BTC. We're relying on that for our core analysis. Although geopolitical and economical landscape are dire, financial world is ruled by different...
dear fellow traders, the hourly chart suggest a top at the WMA200 at 23300. the daily chart is in the middle of a congestion zone well represented by the ichimoku cloud. we believe given the current geopolitical moment in east asia, we might see a test to the bottom of that cloud potentially in the region 21k5, 20k5 in the next few days. this idea is supported by...
There is a relation between BTC price levels and USDT + USDC combined marketcaps, i.e. the total quantity of the two largest stablecoins. Since the latter have been shrinking recently we expect a fall in BTCUSDT price to around 19k during the first week of August. Thank you!
it is our belief that USDT and lately USDC issuing contributed to the expansion of bitcoin price, in the same manner that M2 / fed balance sheet did contributed to SPX rise since long. henceforth, its currrent shrinking should cause BTC prices to fall alongside.