It is sort of starting to look like Bitcoin will soon start to move inverse to the SPX and become more positively correlated with a Defensive Asset or Inflation Hedge which would mean we could see BTC more than double in value against the SPX as the BTCUSD pair starts to trade similarly to Cocoa or OJ futures once it breaks out above the resistance.
A simple Bitcoin-to-S&P500 ratio gives the grand idea of what's about to happen in the markets in the following weeks. The ratio is about to form a 1day MACD Bullish Cross, much like the one on January 20th 2020, on the exact same zone. As today, it was the time the price was between the 0.5-0.236 Fibonacci range and as it approached the Halving, it want for the...
What is really happening with Bitcoin right now, where is the capital flowing in the markets? Most of the money is flowing into the stock markets and other forms of investment, including crypto. The chart shows how Bitcoin has performed so far compared to equities. Will Bitcoin pull off the Houdini trick again? Time will tell. I think we are at a crossroads.
BTC/SPX Fist evidances of a breakout? This chart failed to make a HH & looks like a classical buble chart. HV is very low. A trend changing impulse is iminant. Rsi has bull div & broke out of trendline. Price made a lower low to take liqudity from downside but failed to fallow If we don't get a close bellow 19.5k there is a high probibility we will go up fast. I...
Super interesting similarities on the charts here (sorry for the rough drawings). 35% drop from the highpoint correlates with $27K BTC which is what ive had marked on my other charts as a bottom. Time will tell. I guess the one thing we can look forward to is that massive run coming!