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markethunter888
Nov 10, 2021 12:24 AM

Bitcoin is going in the wrong direction 

Bitcoin Liquid IndexBrave New Coin

Description

In this video, I've shown a divergence between the 10y yield and bitcoin. The correlation has been too strong for a year so assuming this divergence corrects itself, a sharp correction in bitcoin is coming this week or latest next week. I've also shown the fear and greed index for bitcoin, which has been pretty elevated the past month so its pretty appropriate that the speculative money gets flushed out.
Comments
surfkid
Neatly said! Quality content. Good spot and I agree that misalignment is occurring. Bitcoin weekly volume trend plus broader market reduced risk appetite suggests this may be an ETF opening echo with levered retail guns blazing. CPI reporting tomorrow helps (invigo)rate volatility. My calcs for the ₿…mid-market 44k, low-market 30, high-value 22, mid-value 14.5.
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