Yield InversionReally strange market, the yield inversion continues to grow. This site actually allows price calculations, this is 10Y yield minus 2Y yield.
Stock market still acting bullish, but I'm not feeling it.
US02Y
Data on $DXY $TNX & 2Yr YieldPosted 1 thing on #DXY since the quoted post
Was just observation
Normally would've said that #DXY was done BUT
held back because something didn't look right
$UUP shows $ coming in last 2 days
$TNX & 2yr #yield support held WEL
Pumping actually
#GOLD #SILVER #Crypto #stocks
$TNX & 2Yr yield showing basing signs, issue for stocks soon?Haven't heard much on #yields lately
$TNX & 2yr #yield
#TNX forming base, what are bonds saying here?
2yr not as strong
Weekly shows squeeze in a direction soon for both
#technology $NDX #NDX
The QE(xperience)Quantitative Easing, a fancy way of describing a bubble, the easy way out.
QE Alpha
During QE Alpha, speculation lead to a massive bubble, and a painful burst.
Technicals: A Fibonacci Retracement shows that price followed closely it's levels.
QE Beta
During QE Beta, after stabilizing from the Great Depression, and after the end of WW2, economy rose steadily. US being one of the winners of WW2 and with the Marshall Plan deal, had a big advantage compared to the rest of the world.
Technicals: The 1.618 retracement proves a significant resistance from above, which behaved as the ceiling for the Great Stagflation period of 1960s. Price reached an indecision where price couldn't penetrate the 1.618 retracement, but didn't want to fall below the 1929 high. A golden bull-flag was created, which escaped to the upside in 1982.
QE 1.0
After severe stagflation, a new era of progressively lower yields led to the creation of the mechanism for QE1. It's fuel ended in 2000, and for a decade, the economy had big trouble going forward. It wasn't until the GFC when the foundation was set for the birth of QE2.
Technicals: We have reached the 3rd harmonic and this proves big resistance for price. During this time, a harmonic bull-flag shaped.
QE 2.0
The QExperience, which until now was unknown and unnamed, had now a name. And we have lived with it until 2021. Derivatives came about and inflated what is left to inflate. Since day 1 of 2022 we are outside it's trend.
Technicals: Retracements drawn using the Great Depression peaks/bottoms constitute significant support/resistance levels.
Conclusion: This SPX modificator makes historical analysis of SPX more mathematically accurate and clearer to see/analyze. A new era of increasing yields leads to multiplicative problems in the QE machine. Welcome to the QT era. We are already in it, for the past year, we hope you enjoy your stay!
Look at the GFC intervention.
The modified SPX chart depends on yields. More about it on this chaotic, full-of-mistakes idea.
Tread lightly, for this is hallowed ground.
-Father Grigori
Markets want their equities back.The market is longing equities, they miss them so much... Perhaps there are traders out there who actually long equities right now.
And maybe they have their reasons...
Yields are showing the first signs of exhaustion. Their chart by itself confirms it.
In the main chart above, we see support from the 200EMA (from 2M chart like before)
RSI went oversold (penetrated it's ATR channel to the downside) and is now back inside it. This is bullish.
This year stochastics were absolutely glued together, it doesn't get any tighter. Now they are ready for an upwards swing.
But wait. Not all is good.
The "true" SPX chart (SPX*US10Y) is showing it's first signs of weakness.
So we have reached the point of "diminishing returns". Any increase in equities is not providing wealth.
Like before, RSI, Stochastics and KC don't help.
SPX is showing signs of strength for the following months.
While I expect a degree of weakness in equities, not all hope is lost.
In the meantime, I expect horizontal movement for equities, and some probable growth.
Beware, for the cake is still a lie.
A couple of extra charts:
The chart I added above, the point we missed the trendline was in December 2018.
In December of 2018 was the time when Put/Call ratio and VIX took separate ways.
And what did equities do after this point in time?
PS. With all that conspiracy, I wander why I don't wear a tinfoil hat... yet.
Tread lightly, for this is hallowed ground.
- Father Grigori
S&P500 may be on the verge of a mega rally based on the US02YThe chart represents the US02Y on the 1W time-frame against the S&P500 index (green trend-line). The phase that the US02Y has entered is similar to that in entered in December 1994. As you see shortly after a Golden Cross, it made a Lower High on the RSI, flashing a Bearish Divergence, while the MACD Double Topped. This is exactly the same sequence of events in the exact same order since the June 2022 Golden Cross.
The US02Y fall of December 1994 practically started S&P's mega rally of mid-late 90s that led to the 2000 Dotcom Bubble. If history is repeated, instead of a continuation of the Bear Market that most expect, S&P500 my be on the verge of a new multi-year Bull Cycle.
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Martin Luther King Jr. Day - Market AnalysisKey events:
US – Martin Luther King, Jr. Day
UK – BoE Gov Bailey Speaks
The recently released CPI is prompting investors to question the Fed's plans to raise the overnight rate above 5%. The market doesn't seem to care, and after this data coincides with the forecast, yields are falling across the curve. Thus, 2-year Treasury yields have fallen to their lowest level since October, with room to fall substantially.
If the Fed really does intend to raise rates that much and maintain tight financial conditions, then it appears that the market is not listening to the central bank and not paying attention to what it wants.
This only suggests that the Fed's forward guidance is no longer working. The Fed will have to dig into its toolbox to convince the market that it is serious. The central bank may have to talk about accelerating the pace of balance sheet reduction or outright sales of treasuries and mortgage-backed securities.
The market indicates that the Fed's interest rate hike cycle is coming to an end, with the belief that the central bank will be forced to cut rates as soon as 2023. However, the Fed continues to insist that it plans to raise rates above 5% and leave them high and financial conditions tight for a long time.
The 2-year Treasury yields fell to their lowest level since early October. This is the first weakening in months. Apparently, the rate cut is now embedded in the quotes of not only the federal funds rate futures market.
As a consequence, the Fed will be forced to use balance sheet talk as a last resort to ensure that rates remain elevated and the dollar remains strong enough to prevent a stronger-than-acceptable Fed easing of financial conditions.
The market, on the other hand, is trying to figure out how much pressure it can put on the Fed to maintain tight financial conditions. If the central bank is serious, sooner or later it will try to fight back. Otherwise, the Fed will lose control of the public discourse and won't be able to tell the markets what direction it thinks they should go.
Talk of a higher overnight rate is no longer having the desired effect, so the next option for the Fed is balance.
If it doesn't use that option, the markets will take it as a signal that the Fed is okay with easing financial conditions and thus gives the markets permission to continue the rally.
US10y vs FED rate. Should u put $ into bank or buy gold? 10/Jan/US2Y and 10Y bonds yields always “follow” FED rate paths. Now we “see” some “experts” encouraged us to “save” money into banks (especially USD denominated a.c) to gain higher rate. Hope to enjoy high fixed guaranteed return like early 1980s which was above 10%!!! Looking at those chart and gold price do you think “fixed deposits “ into bank is “worth” as investments?
Energy ready for prime-time?An updated view
Pattern taken from reverse symmetry.
Elliott Waves
Stochastic RSI Oscillators
The 12 Month oscillator pushes everything upwards. Since the 3M oscillator is at it's top, we expect a short drop until mid 2023. It will be short because of the effect of the 1M oscillator as well as the 12M one.
Oscillators tell us that it is probable for price of energy to drop until Q2 of 2023 and then begin it's rally. Energy could very well increase now. The ABC Elliott wave shown on the main chart is alarming.
An alternate scenario is this.
A 5-step Elliott wave.
Either of them could play out.
Tread lightly, for this is hallowed ground.
-Father Grigori
M2SL | Duplex Megaprinter 8000 ™Back in the 80s, we thought that by 2020 we would have an automated oven and flying cars. All we got is a money printer, and we liked it. We played with it a lot. And this year for Christmas, who wouldn't like some more printer ammo?
Since high inflation cannot ensure social stability, we have only one option. Lower inflation. That is the motto of the FED, the hope of every investor, a lower inflation figure. The consumer is overwhelmed from the increasing cost to survive . The inflation war is nowhere near it's end. We have gone from commodity inflation to services inflation, to the everything inflation. We haven't managed to stop it. What if there was another way?
Actually there is another way. If you break the oath of "never read the news" and actually read the news, you will realize that the average consumer is getting the help they need from grants. Governments throughout the world have found the way for social stability. They simply buy us off.
Record high electricity bill? No problem, here is a grant, the government is paying a percentage of the bill as a help.
Expensive fuel? Here are 100€ in fuel discount to go to work.
It is like the best Christmas ever. Businesses get to enjoy 100% of the earnings they want, consumers consume, and governments have social and financial stability. They just have to keep the game going, keep the printer full of ink. Everyone is happy. One could say that this perfect scenario we are in cannot fail. And even if it breaks, we keep the printer rolling.
Sometime in the not-so-distant-future of course, something could break. We have just moved the problem from the consumer to the investor/corporation/government. We have gained some time. It is just incredibly difficult for me to understand what could break if this game goes on and who will take the dive. At what point will this printer stop helping us?
Right now it helps many. Also go out and talk with people, almost nobody talks about inflation as a problem that could completely destabilize the global economy. They just care about the immediate issue, that everything is expensive.
We are humans, and not a very wise kind. We are an infant species (like Dr. Breen said). Even now that we realize what we have created, and try to solve it, we do it in a fashion that will ultimately turn against us. We buy out everyone and everything, we have made humans more dependent. With all that technology around us, I realize that we are incredibly fragile. We haven't managed to be empowered from technology, we are swallowed in it. And we hate the word Plan B, imagine how trapped we are in when we don't cover our bases.
We buy out our problems because we search for the easy way out. That's the reason we made the printer in the first place. We needed to solve one issue, ignoring the future repercussions.
After all that epilogue, I will now add the prologue. This idea is upside down, like everything around us these days.
On the main chart, we see that we have found support on the weekly ribbon.
The 1M (and 2M) chart suggests that we are heavily supported from below.
Do note that dropping oscillator on money supply does not mean significant price drop. Since money supply increases exponentially, a bearish oscillator suggests that we are on the upper side of the trend.
This chart shows us the Reverse Repurchase Aggreements.
We have RSI divergence, and stochastics dont help the situation. RRPONTTLD dropping is signaling QE.
As SPY_Master stated in this idea, this chart shows us the effort the FED does to fight inflation.
Yields show a similar picture. We are under significant resistance from the 200EMA in the 2M chart. Stochastics print a bearish signal.
CURRCIR/M2SL may be printing a bull flag.
What will be the effect if currency-in-circulation increases compared to money supply? How will prices and inflation react? We have already had significant increase in the past year in the ratio.
US money supply is showing signs of increasing, or at least stagnating. This chart comparing US and EU is alarming...
Tread lightly, for this is hallowed ground.
-Father Grigori
Are U.S. Yield Curve Inversions Signaling 2023 Recession? Looking at the Inverted Yield Curve Chart s of the U.S. 10yr Treasury vs. U.S. 3mo Treasury (US10Y - US03M), along with the U.S. 10yr Treasury vs. U.S. 2yr Treasury (US10Y - US02Y) — are yields signaling a topping process? Or, should we even higher yields into 23'?
4-Hour Inverted Yield Curve Chart 📊
Top Chart: US10Y - US03M
Bottom Chart: US10Y - US02Y
Daily Inverted Yield Curve Chart 📊
Top Chart: US10Y - US03M
Bottom Chart: US10Y - US02Y
Weekly Inverted Yield Curve Chart 📊
Top Chart: US10Y - US03M
Bottom Chart: US10Y - US02Y
Monthly Inverted Yield Curve Chart 📊
Top Chart: US10Y - US03M
Bottom Chart: US10Y - US02Y
Monthly Inverted Yield Curve Chart 📊
Bottom Chart: US10Y - US02Y
U.S. 2yr Treasury (Inverted) vs. SPY (SPX ES1!) 📊
Black Line: SPY
Blue Line: US02Y Inverted
U.S. 2yr Treasury (Inverted) vs. QQQ (NQ Nasdaq) 📊
Black Line: QQQ
Blue Line: US02Y Inverted
U.S. 2yr Treasury (Inverted) vs. DIA (Dow Jones Dow Jones Industrial Average DJIA) 📊
Black Line: DIA
Blue Line: US02Y Inverted
U.S. 2yr Treasury (Inverted) vs. IWM (Russell 2000 Russell Small Caps RUT) 📊
Black Line: IWM
Blue Line: US02Y Inverted
Do you think that yields have reached their peak for this Federal Reserve tightening cycle here in late 22'? Or, will we see further rises in yields, putting more pressure on risk assets in the new year (23')? 👇🏼
Yield Curve Inversion Chart Template 📊👇🏼
www.tradingview.com
Inverted U.S. 2yr Treasury Curve vs. Asset (SPY QQQ DIA IWM) Chart Template 📊👇🏼
www.tradingview.com
2022 Yearly Recap - SPY QQQ DIA IWM DXY US02Y EFFR USIRYY Looking back over the last year (22'), as the saying goes "hindsight is 20-20".
That said, here's the recap on the 22' market cycle against the backdrop of the Federal Reserve Interest Rate Hiking Cycle (one of the fastest on record) — while at the same time, we (investors) are all asking "What's next for 23'?"
TOP SECTION
DXY - Dollar Index ($104.51) 🔼 ✅ (Green Line)
US02Y - U.S. 2yr Treasury (4.38%) 🔼 ✅ (Black Line)
US10Y - U.S. 10yr Treasury (3.84%) 🔼 ✅ (Blue Line)
EFFR - Effective Federal Funds Rate (4.33%) 🔼 ✅ (Orange Line)
USIRYY - U.S. YoY Inflation Rate, Federal Reserve Target Rate = 2% (7.10%) 🔼 ✅ (Baseline = 2%, Red = Above Target, Green = Below Target)
BOTTOM SECTION
SPY - S&P 500 SPX ES1! (YTD 22', -19.92%) 🔽 🩸
QQQ - Nasdaq NQ (YTD 22', -33.95%) 🔽 🩸
DIA - Dow Jones Industrial Average DJIA (YTD 22': -8.77%) 🔽 🩸
IWM - Russell 2000 RUT (YTD 22': -22.57%)🔽 🩸
Prediction(s) these asset classes for 23'? Let me know your macro trade(s) in the comments below! 👇🏼
All Asset Class Chart Template 📊👇🏼
www.tradingview.com
Index Chart Template w/ YTD Return Indicator 📊👇🏼
www.tradingview.com
Does the yield curve inversion signal recession?The famous negative curve.
This market concept is used when the US02Y or US03Y operate at higher levels than the US10Y, this behavior usually anticipates recessions, but why does this happen?
The inversion of the yield curve distorts the expected functionality of the financial system.
Under "normal" conditions, raising funds in the short term for investment in longer terms is used to provide positive arbitrage between interest rates on liabilities (paid) and assets (received), a strategy subject to the limits of the rollover capacity of the liabilities and raising new funds.
The availability of assets with higher premiums and liquidity, US02Y and US03Y, makes it less attractive to offer funds for longer terms < US10Y, and more expensive to raise funds for those who demand funds for shorter terms.
So the interest curve is considered a kind of thermometer of what lies ahead in an economy, and it is the graphic representation of how much investors are charging to lend money in different maturities, and once it is inverted, it means that it is more expensive to borrow in the short term than in the long term – an unusual thing, because more distant payment dates mean greater risks for the borrower.
In the US economy, a widely documented fact is that yield curve inversion (i.e., when there is a negative differential between long-term versus short-term bond yields) is a good leading indicator of periods of economic contraction. four to six quarters ahead.
According to data available on the Federal Reserve website, yield curve inversion has preceded every US recession since 1950, with the exception of a false signal in 1967.
There is also evidence that indicators of this nature are important predictors of periods of economic contraction in other countries.
But are there any silver linings to this unusual reversal scenario? Yes, in these moments of greater uncertainty we have an interesting opportunity to buy good companies at low prices.
This is because after the monetary tightening cycle, the economy usually weakens, during this period risk assets suffer, considering that their future projections will suffer due to the scenario, so many of the market participants seek security in bonds, others seek to anticipate the recovery considering that as soon as this CORRECTIVE cycle ends, a new UPWARD CYCLE tends to maintain perennial companies and give birth to many new companies that arise in the face of challenging scenarios.
US02Y Showing the way to stock market recoveryThe US02Y has just completed a Head and Shoulders (H&S) pattern, which is a technical formation found on tops. The very same formation was last seen in October - December 2018 and caused a massive long-term drop on the US02Y. Check also the identical 1D RSI sequences leading to the top with Channel Down patterns.
The US02Y peak was translated into a fall on inflation (orange trend-line) and the stock market (S&P500 blue trend-line) immediately reacted. We've already seen a strong stock rally these past two months, but so far seems counter-trend.
Do you think the Fed and the CPI report next week can help sustain it?
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How VIX follows SPXVIX is a measure of volatility. It takes the last 30 days of SPX, and measures it's variance.
I would guess that VVIX does the exact same thing to VIX, it takes the recent 30 days of VIX, and measures it's variance.
These two, along with SKEW are some of the methods investors calculate risk. I don't have the technical/financial knowledge on the ways investors can use risk management for better financial decisions.
If we do some "magic" we can transform these notoriously unchartable indices.
I am aware that since VIX takes the value of SPX, gets affected by both the volatility and the price of SPX. So technically from it's nature VIX tracks SPX.
If, for example, we plot the chart (1-VIX) we will see the following:
As we already know, he inverse of VIX follows SPX. Low volatility equals high SPX.
The calculation logic of the chart is: Scale down VVIX such that it is in a similar scale to VIX. Then subtract one from the other.
SPX is scaled down, after we divide it by M2SL.
I would guess that from 2009 to 2019, the growth was sustained because VIX was consistently low.
I also noticed that VVIX this year is incredibly low. One would expect that with such this year's recession that VVIX would also pick up the pace. During periods of very high volatility like the Great Recession, VVIX tracks VIX. Not this year however...
As a fellow trader pointed out quite some time ago:
Now VIX is higher and it's behavior with VVIX is very similar to 2008. We could say that the current situation is much similar to 2000 or with 1970s with stagflation and not 2008. Some things however, they smell foul. The elephant in the room maybe...
SKEW is in an all-time low. This could encourage investors to over-expose. THAT is when crashes happen. Overexposing when liquidity is being dried up from the FED, is a recipe for disaster. Even if we grow from here and everyone wins, who will have the money to pay back all these winnings? Especially now, with everyone investing like crazy, over-leveraging and such. And if EVERYONE is buying, who is selling? "Buying the dip" is part of the equation...
I believe that the bottom is NOT in yet. And since charting indirect stuff like VIX, like housing, yields, energy, all point to the same direction, I cannot ignore them.
PS. The elephant is the collapsed worldwide-production-chain. The elephant is that we are one step away from war or famine. And maybe, just maybe, the elephant is long gone... we just don't know it yet.
And we are talking about how the DOW will not fall. We are convinced that we are in the bottom and we are buying the dip. We are dreaming of more money quicker.
Tread lightly, for this is hallowed ground.
-Father Grigori
I am not a trader, I am a father of a cat named Alyx. Don't take what I say as trading advice.
US02Y is the key for stocks and it has started to drop!This is a 1W time-frame chart, showing the correlation between the U.S. Government Bonds 2 YR Yield and the S&P500 (blue trend-line). Some may perceive the recent 2-month rally on stocks as a coincidence but the US02Y price action shows that it is not and has a direct correlation with it.
The 1W RSI on the US02Y has been falling within a Channel Down since the start of February 2022, while at the same time the actual price has been rising within a Channel Up. That is a technical Bearish Divergence. The same Bearish Divergence was last seen from late January 2018 up until the week of November 05 2018. As shown on the chart this lasted 41 weeks (287 days).
The start of this Bearish Divergence happened when the stock market(S&P500) had an initial pull-back event entering into a year long period of volatility, followed buy an even stronger correction. Once the US02Y started to drop, the stock market bottomed and started rising sustainably (until of course the non-technical black Swan event of COVID).
Right now, we are two weeks past the 41 week (287 days) mark and the US02Y has been dropping for 4 weeks. As mentioned, the stock market has been (aggressively) rising since the October 10 2022 1W candle. The fractals are identical and this could be a repeat of the 2019 rally. Whether we see it extending or not, the US20Y certainly holds the key.
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Inverted yields and odd weeksThis chart shows the periods with inverted 10y2y yields. Usually inversion doesn't lead to recession, like 2008. However the similarities with 2000 are striking. 3 Years ago we had a brief yield inversion, like in 1998. Then a second inversion occurred, bringing prices down with it. The same happens now. Half of the bubble burst occurred with yields inverted. Therefore it isn't necessary for yields to normalize for us to drop. We are in a bubble and it probably has burst.
And a less interesting part of the idea follows:
Yesterday some uninteresting-number-of-weeks candles closed. It was fun checking out where we are and how RSI reacts.
This has nothing to do with trading. I just love charts. I didn't bother with 1W chart because I consider it common.
In the following charts SPX is analyzed. I could post them in a new idea but got bored...
2W - we couldn't escape the ribbon, and RSI is flirting with its EMA. It is a tad lower than 50.
3W - RSI below its EMA and below 50.
4W - A bull trap on the price appears. But we are above the ribbon (for now?). RSI just barely above 50.
6W - A bullish engulfing or something? And then an inverted hammer appears.
Even though stochastic RSI reached the bottom, this doesn't mean that there is enough buildup to push RSI upwards. It takes two to dance/grow. Also EMA of RSI is helpful to me. RSI passing it provides me with an early signal of trend change.
9W - In this chart, the similarities to 2008 end. It resembles the .com bubble burst. It resembles the region just before the October 1998 rally. This one is less grim to the charts before. The candle however is a little mixed.
12W - Kinda bullish? I dunno... RSI made a higher low
18W - 2014-2022 stochastic RSI shows clear divergence. Stochastic producing lower highs, and with this candle it is confirmed.
36W - RSI and it's stochastic show a close similarity to September of 2000, the .com bubble burst.
Finally, I will add this DJI chart showing us where we are in history.
Let the drop commence I guess?
US02Y - DMI & DPO Analysis - Possible bear divergenceThis chart is shareable. This is purely a technical analysis perspective.
Seems the bulls are throttling back their buys. Worth watching.
So I'm neutral here
Use alerts on trend lines and let tradingview work for you!
No need to stare at the charts this way.
colleration of xrp with xpy btc and 10 and 2Y bondsit is very strange if you look what is ripple doing from august when everyone and everything had hard times and there are lot of bullish news on XRP make your own due diligence and trade on it
US10y-US2y Compare with BTCDear friends
The difference between the returns of 10-year and 2-year bonds and the lower the value of these two charts, the slope of the reduction curve (Flat) and vice versa, the more we grow in these two charts, the slope of the curve has increased (Steep).
I compared the behavior of this chart to Bitcoin.
American financial and economic data.
Combined Macro Charts For You!I'm a big fan of exotic charts. It is often tough to gauge the current markets by looking at individual charts so sometimes I like to combine them together. Here is a rough rationale of this chart:
TOTAL
Crypto Total seems to have a good representation small cap behavior and is often a leading indicator of the broader risk-on market.
S&P
Large caps, historically it's a trailing indicator, but doesn't have such a long tail as Treasury Yields.
1/DXY
Relatively good indicator of impedance changes. If I'm going to convert my dollars to something else, and then back again, it represents relatively how efficient the economic circuit is. More volatility = conflicting expectations by the market. It is sometimes inversely correlated with risk assets but not always.
US02Y/US10Y
Inverted 10Y/02Y. How are investors feeling about the short-term economy vs long-term? When this symbol experiences large downward volatility, the relative health of debt in the economy is unveiled and investors flee risk-on assets.
I weighted each of these symbols 25% by using the 3 Year MA:
...........................3Y.MA......................factor
TOTAL................1049933961759.....1
ES1!..................3723.74..................281956839
1/DXY...............0.010448................100491382251052
US02Y/US10Y..0.4784....................2194678013710
(sorry about all the dots, I had to use it to make it line up)
Here is the resulting symbol:
CRYPTOCAP:TOTAL+1/TVC:DXY*100491382251052+CME_MINI:ES1!*281956839+US02Y/US10Y*2194678013710
Normalized to 100:
(CRYPTOCAP:TOTAL+1/TVC:DXY*100491382251052+CME_MINI:ES1!*281956839+US02Y/US10Y*2194678013710)/67060000000
Here is the index without Treasury Yields, so each remaining symbol is now 33% of the chart:
CRYPTOCAP:TOTAL+1/TVC:DXY*100491382251052+CME_MINI:ES1!*281956839
Normalized to 100:
(CRYPTOCAP:TOTAL+1/TVC:DXY*100491382251052+CME_MINI:ES1!*281956839)/53870000000
Here is the chart, normalized to 100 along with some rough expectations:
I hope that this is somehow useful. The overall conclusion here seems to indicate the macro environment is currently not friendly at all.
Thanks for taking a look and I hope you enjoyed this idea. Hopefully it makes sense and I don't believe there are any major mistakes. If you spot a mistake, or have an exotic chart of your own you would like to share, please let me know!
Good luck and don't forget to hedge your bets. Take care and be safe.
- your fringe chartist
US10Y-US02Y interesting connection of RVGI indicator and BitcoinUS10Y-US02Y interesting connection of RVGI indicator and Bitcoin
Except at one false signal June 2018 every cross in the extreme area of this indicator marked quite good Entry or Exit points for BTC
Seems the next cross for a possible Entry point is ahead dear Crypto Nation
*not financial advice
do your own research before investing
