Update - My post April 2, 2020, "Bitcoin & Big Oil" . First point of interest - Using MACD of USOIL (WTI) point before precipitous decline. See what happened when bitcoin closed month end above $365 NOV 2015 and thereafter. Notice in each case c.55% drop before rise. Bitcoin has yet to close out month above $9084.7. Second point of interest - Monthly Dollar...
See last couple of times what happened to bitcoin price when Weekly SPX closed above 100 WK MA. CAVEAT- Small sample size. NOT ADVICE. DYOR.
NOT ADVICE. DYOR.
Follow up to previous post. NOT ADVICE DYOR.
Last time market speculated SPX bottom "not in" bitcoin rose between 26% & 157% equivalent today $9,592.88 & $11,953.03 ($7,613.4 (WK Low) x 1.26 = $9,592.88 & $7,613.4 (WK Low) x 1.57 = $11,953.03) NOT ADVICE. DYOR.
NOT ADVICE. DYOR.
Zones created using crossovers of Monthly 20 MA on VIX close & 20 MA of same. Like end of crash in 02 & 09 some bulls and bears think this crash will only be confirmed over when TNX closes month above 1.34. See what happened to OIL, GOLD, and DOLLAR last time (green verticals). White verticals denote VIX peak (no guarantee reached that yet). Caveat small sample...
NOT ADVICE. DYOR.
Some evidence that drop in NIKKEI 225 MACD to <0 followed by SPX close below monthly 50 MA dealt killer blow to SPX. Caveat small sample size. NOT ADVICE. DYOR.
NOT ADVICE DYOR
Gold bugs waiting for SPX (S&P) crossover. NOT ADVICE. DYOR.
Until we see Monthly ROC of Treasuries >0 followed by <0 the S & P (SPX) cannot form a bottom. Caveat small sample size. NOT ADVICE. DYOR. Construction details on chart.
Analysis buy gold MTH close >$1,703.6. Buy bitcoin MTH close >$9,241.5 Sell gold MTH close <$1,547.67. Sell bitcoin MTH close <$4,000. Use VIX mark 1st MTH up & if gold & SPX red candles then mark low. For bitcoin use VIX mark 1st MTH up & if next MTH both bitcoin & SPX red candles then mark low. Then create custom strategies when to buy. NOT ADVICE. DYOR.
See my previous post how big oil pumps bitcoin. Now see how big bitcoin hodlers fight back and dump big oil. Caveat small sample. NOT ADVICE. DYOR
Bitcoin & Big Oil. Best buy when MACD on Oil turns positive & bitcoin Rate Of Change positive. NOT ADVICE. DYOR.
Study of the 100 Weekly MA. Yellow verticals denote where 100 MA turned down. Blue verticals where price peaked once hit 100 MA. NOT ADVICE. DYOR.