Secretguy
ETH/BTC vs BTC.D - now you knowNow you know why Alts have bounced - some big time, some just a bit. And why they are retracing now - We approach a compression area and these kind of curves as we see on ETH/BTC right now - tend to break to the downside - therefore a strong correction and big inflow to BTC should happen.
I was bearish on BTC Dominance - but after having more alt context and comparing those two charts - it looks like BTC.D is getting ready for a hunt of FVG above. Viceversa to ETH/BTC.
Unemployment Rate vs SPXI'm just the messenger.
SPX - orange
Unemployment Rate - Blue
Indicator - Moving Average out of Unemployment Rate
This isn't a rule, as many sectors influence the market, but big crashes have been paired with a growing Unemployment rate. Here we can see that it bottomed and is consolidating - which proofs a strong economy and no need to crash - this suggests the ongoing decline was just a correction.
To visualize this a bit more - I have coded a simple moving average to see when that curve will start heading up - and for now it isn't even turning up - this allows the market to push up before it starts turning.
But when it will ... Hold on to your seats lads and ladies. It's gonna be a fast ride.
Cheers!
NASDAQ - reminderJust a simple reminder that this fractal is still playing out 1:1 - Volatility is coming, either up (detach) or down (final crash), but it is coming.
VIX vs BTCOkay can someone explain this to me ? I guess not, Because I know that this can't be explained - and worst is - mathematicians have proofs of life being a "thing" made out of fractals - literally everywhere and between everything.
Well, back to markets - here We can See the Daily chart BTC fractal on the 1h timeframe of BTC - and also on the 1h timeframe of VIX - vis has played out nicely ( have posted about this fractal last week)
Now let's see if it leads us to low 19k on BTC.
NASDAQ fractal updateIt is scary how this is playing out - So far 1:1 and let's keep watching. Blow-off top or Blow-off bottom ?
Total Crypto MarketCap - This is somekind of topCurve channels are dangerous - watchout ! You may hurt yourself !
But once you get to know them - You see they are even stronger indicators than trendlines. Can I go a bit poetic here and say that hOOmans aren't linear but are more fluid, curvy, complicated? Well, PA reflects sentiment, so all of this would make sense.
Long story short - I expect marketcap to dip after this touch - Specially with TrendExhaustion and Whale Money being totally exhausted on Daily Timeframe !!
BTC Dominance went down?!What a Surprise !!
Not really. These kind of movements tend to do so. HTF looks pretty bearish for Bitcoin dominance, from a fundamental side it is possible to see retail and minor sharks going into alts in order to profit quickly which would drag the attention from BTC - But at some point it will spike when nobody's aware.
So bearish for now but would have my eye on this.
DXY updated - I'm the DXY whispererJust kidding. Or Am I?
A picture is worth more than a 1000 words so I leave you with my chart - Nothing has changed - I expect a HTF consolidation withing a bullish flag/descending wedge - and more up in 2022/2023
LTF is bullish until reached top of wedge/flag.
Cheers!
SPX Euphoric, but noI'm not believing this run up, All is built up on rumours of a pivot that hasn't been even announced officially. Speculation at it's best, but it's gonna cost a lot of blood on the market.
SPX had a good run, but a 75bps hike is coming and it's not gonna end well. Also SPX deviated from US100 - expecting a recalibration to happen.
This week is going to be interesting.
BTC - Short.That is what I am expecting and am trading right now - Expecting a bounce down to new lows - The fractal is just a representation of what's expected although I don't see it going that low - $14k area seems in the reach ( will judge that when we get there) - further lows will be left for 2023.
Cheers!
BTC / SPX - hesitationCrypto has been hesitating lately - should it break out or not - consolidation has now lead into a breakout to the upside - But this doesn't convince me - I expect this breakout to be a fakeout that will drop very soon, If we cross the orange line, we will head towards the upper red line, but I personally won't trade that.