Since the start of the bull market, every single time stocks make a weekly lower high a btc dump follows. Sometimes they occur at the same time, but several times the stock market is our advanced warning that a larger dump is coming to crypto.
Inversely, a higher low on the stock market weekly indicates a bullish continuation for btc. The only time these 2 charts diverge is during the bear market or heavy correction period, where money seemed to flow from BTC into stocks.
With this in mind, the stock market has printed 2 lower highs for the first time in a 1-month period since the last large correction in April/May, I believe that signals a further, deeper correction for BTC and have started to sell my alt coins in preparation.
I anticipate stocks will skyrocket as crypto continues to drop significantly. First target, 42k.
Inversely, a higher low on the stock market weekly indicates a bullish continuation for btc. The only time these 2 charts diverge is during the bear market or heavy correction period, where money seemed to flow from BTC into stocks.
With this in mind, the stock market has printed 2 lower highs for the first time in a 1-month period since the last large correction in April/May, I believe that signals a further, deeper correction for BTC and have started to sell my alt coins in preparation.
I anticipate stocks will skyrocket as crypto continues to drop significantly. First target, 42k.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.