Contrary to popular opinion the total crypto market cap looks like it wants to correct, on the weekly scale. The RSI, MACD, DIOSC, Volume Weighted MACD and CMF are all signalling a sell on the weekly. A lower number of sell indicators called the top at BTC $65k, which resulted in a 56% total crypto market cap correction. In addition, there is a strong bearish...
I predict that Bitcoin will bottom between 22-24k, afer this latest bull trap rally. It has confluence with a Bearish Gartley, the Fib retracement zone for the whole bull run and ascending support from the COVID-19 plunge. If the Gartley plays out we moon again from there. Beyond that it may be difficult to say. Set mega leveraged longs on all things when BTC gets...
The VIX is curving up on the daily and printing higher lows. If it takes out the descending resistance then the S & P may rip down. There is confluence with the S & P 500 rising wedge and the DXY printing higher lows. If the upper resistance line breaks then I would short the S & P 500. Be safe. TVC:VIX
The DXY appears to have formed a base on the weekly and it now printing higher lows. I suspect that we will see a spike in the DXY over the coming weeks to around 97.72 to 98.299 (the 61.8). This is likely to happen as the SPY is looking topy, as is BTC. The VIX is also in a falling wedge. I see smart money moving to USD in the coming weeks to reduce thier risk...
As a follower of TD Sequential the S & P 500 is looking ropey. There may still be some room to the upside, but it is like picking up pennies in front of a steam roller at this point. The S & P has posted multiple TD 9 daily sells and multiple TD 9 weekly sells. It is also in an extended TD 9 monthly sell. Additionally, the S & P is printing a TD 9 yearly sell for...