SPY Looks like everything recovered after the BOJ news last night. I’ll book the loss on puts if yesterday’s high is broken. Otherwise, I’ll hold on a little bit longer since VIX has risen sharply from this level several times before.
BTCUSD Pull up a chart of the VIX during Trump's speech and look at the steady decline to well under 15. That indicates increasing bullishness, less fear and more complacency in the markets, but not too much. That means money coming out of safe havens like gold/silver and bonds and more into speculative assets like tech stocks and BTC.
I just don't see a great bear story in the short term for BTC. More comfortable being long here than short.
QQQQQQMDJISPXVIX Here's a 4 hour chart update: Yen rate hikes are likely to add pressure on this retest, combined with reaching resistance where profit taking is happening. Leaning bearish in the short term