dear fellows, it is our belief that USDT marketcap drives BTC price. the recent issuing reached a new ATH for USDT. it is not as yet reflected on the price, because the current trading range was a response to less steepened issuing and current rate is higher. thus, we believe that not just the top is going to be tested, but a breakout comes next. if so, we expect...
We believe bitcoin is driven by tether marketcap. Thus new issuing is required to absorb the supply otherwise you get the book walked down in a sharply price drop.
Tether issuing was responsible for the '21 ATH, as clearly shown in the charts. Right now volumes are low both in USDT new issuing, BTC traded volume and IBIT traded volume. Thus we forsee that provided these conditions remain unchanged, BTC prices are likely heading to 30k, meeting current AVWAP levels. Thank you very much.
dear fellows. we believe gold prices are likely to keep falling, because unlike many analysts say, it is not a hedge against inflation, rather against real yields. real yields have been rising, and thus, gold prices should fall. in this video idea, we show how much divergence currently exists between these charts, and why in the next couple of weeks one can...
dear fellows, we believe USOIL to fall in the near term. this would allow US10Y to fall, as well. as a consequence, EUR, GBP, JPY would rise against the USD. finally, it would lead these respective stock market indexes up. best regards.
Dear fellows. In this short video we present our case that EURUSD tracks US10Y since 2020 on an inverse relationship. We also expect the yield curve to keep steepening, and by assuming Fed funds rate "higher for longer", US10Y is expected to rise further. Higher US10Y, thus, implies in lower EURUSD and SPX, as well as other major market indexes. The particular...
In this video we show how bitcoin follows the EURUSD price. We argue that DXY (the dollar index) is composed majoritarily (53%) by EURUSD prices. Thus, as EURUSD goes up, down goes DXY, and likely everything that is priced in USD goes up as well. Based on that, we state where and why we expect the bitcoin price to go in the next 2 weeks. We would gladly expand on...
dear fellows, we've recently identified a leading to coincident relationship between BTCUSDT@binance and USDTUSD@coinbase. although they do not always match, BTCUSDT tends to converge to USDTUSD in a matter of hours, when there is a gap, and follow it closely or soon after, otherwise. we've observed that new lows or new highs in USDTUSD are indications of...
dear fellows, it came to our attention the monthly chart of HYG, BTCUSDT, SPX, RUT. they all belong to the same class of speculative assets. of them, HYG is likely to have the greatest demand for liquidity as it lives out of refinancing its cash flow, let alone its debt. notice how 1. they are synchronized in what concerns the bottoms 2. HYG renewed the lows at...
hi there, dear fellows. we believe this 18k test has better chances to breakout this support since as compared to previous test RSI is not oversold as compared BTC has way more volume right now Best regards.
We're moving on in our study of BNBUSDT chart. This time in shorter timeframes. We see recent regular dips spaced by around 11h 30' each. It recently moved above WMA200 which is bullish, however without volume, thus we regard it as false positive. It also recently moved to the lower half of the upward channel, which would coincide with a coming test on its bottom...
we have inspected the BNBUSDT daily chart in the quest for medium term cycles. we've noticed a regular 4 month cycle from late May '21 until mid May '22. the recent regularity makes us believe a next bottom is coming. this analysis is not concerned with the amplitude of the move, solely its timing. best regards.
We see a greater downside potential on BNB than in BTC. BNB has fallen less from its ATH. BNB has extremely less volume to sustain its current price levels BNB has to fall twice the same percentage (square of the fall) approximately in order to match corresponding level of BTC in the chart BNB has way less demand (thus, price support) than BTC Hence, it looks to...
hi there, fellows. we've shown in previous idea the inverse relationship between DXY and BTCUSDT. the main components of DXY are EUR and JPY. we see an RSI bullish divergence in EURUSD, as well as an RSI bearish divergence on USDJPY. that being true, DXY won't breakout the 109 resistance, thus now will BTCUSDT breakdown the 19k support meanwhile. coupled with the...
hi there, fellows. we've noticed a very peculiar relationship between USDTUSD and BTCUSDT pairs. since late june USDTUSD prices have served as gauge to short term future moves of BTCUSDT. notwithstanding, we're at the longest divergence between the two within this period. that hints us to expect a near term up move on BTCUSDT to the mid of the channel, at around...
hi there, dear fellows. with all the subjectivity that channel drawing has, we've identified a downward channel in BNB. it anchors in the top candle on Nov 8th, and bases itself on the bottom of the 2 legs down that followed it. that showed us we've just tested its top last week, and now we're moving down to its bottom, most likely at $50 on late October. BNB has...
hi there, dear fellow. we've recently stumbled upon this chart, in the quest for a leading gauge for the dxy. this chart depicts a paradox. in white, US10Y-USIRYY; in orange, US10Y-US02Y. if you remember our previous idea, namely on the DXY and the yield curve spread (US10Y-US02Y), we've pointed out back then that a steepening of the yield curve would be bearish...
we point out that the current SPX levels is as high as they were in late May, however MRI levels were higher, then. we were also unable to test WMA200 in daily chart, something we're doing right now. this could be a divergence, or SPX could be front running our MRI. in case SPX is a front runner, we'd expect a side way move withing the depicted gray box, just...