Tesla has been outperforming Bitcoin over the past few years as seen in this chart. However, the limit of outperformance of the Tesla over BTC has reached the max limit - the red support line. It is Bitcoin's time to shine over Tesla. Chart shows BTCUSD/TSLA since 2012.
VIX has been repeating the same pattern of descending triangles and breakout in 2020 and 2023.
The last 2 major vix spike events in Jan 2018 and March 2020 have followed the exact same technical pattern on all 3 metrics - VIX, RSI of VIX and MACD of VIX. In 2022 and 2023, we are on the exact same trajectory on all 3 metrics. This indicates major vix spike in Nov 2023. The fundamentals/reasoning behind this - 1. reducing corporate earnings,recession 2....
The last 2 major vix spike events in Jan 2018 and March 2020 have followed the exact same technical pattern on all 3 metrics - VIX, RSI of VIX and MACD of VIX. In 2022 and 2023, we are on the exact same trajectory on all 3 metrics. This indicates major vix spike in Nov 2023. The fundamentals/reasoning behind this - 1. reducing corporate earnings,recession 2....
2023 vix following the exact same pattern as it followed in late 2019- early 2020. Tread with caution.
when plotted on weekly timeframe, vix forms the exact pattern match between late 2019-2020 and 2023. I did not invent these lines, they were already there.
US 10y yield has broken out of a 40 year old trend line. This will be big. Whatever worked for last 40 years will not work going forward. This is just a trend line. Not financial advice.
When was the last time DXY crossed resistance, came back to test support and bounced back solidly - back in 1979.
When was the last time DXY bouced off the solid support/resistance line - back in 1970s What happened to stocks after throughout 1970s? It is evident that DXY is looking to scale Mt Stratosphere here.
What happens when SPX trades in a narrow channel for months and then breaks down.
What happened when SPX was trading in a narrow channel in Jan 2020 and broke down below the channel.
How many microstrategy shares do you need to own a single whole bitcoin
Bitcoin hanging around the orange line Specifically, the ORANGE LINE is a resistance right now. Makes sense because of the inverted yield curve and recession fears.
Tech index reached 61.8 fib level. Will it roll over just like GFC and dotcom bubble??