This chart is BTCUSD/XAUUSD tracks bitcoin in ounces of gold to eliminate the noise induced from USD dynamics like inflation, QE, interest rates etc.
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.