Plotted is a "compare" of US stock indices vs BTC this past week. Normally the "risk" sentiment correlates the two pretty tightly. Some gravitational effects are clear, but so is the divergence.
@Pop-A-Bear, yeah, that correlation started breaking loose about 3 weeks ago.
Now we wait to see if the opposite correlation continues as this upcoming week with the US elections will be very interesting time....
Iskandarglenn
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So Bro. Indices up, or BTC down??
TheLaboratory
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Affirmative, but who are you the glossator?
No homo sapiens physically present has the warning of your materiality
Do you intervene in the culmination of ringing out global madness?
You induct unanimous discomfort, subsequently you are asked to take the dust off
Ataraxia on your creature, despite
steve_taffy
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@TheLaboratory, what the frick are you on about?!! this is technical analysis...not poetry classes. lol
PolarHusk
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Very good post. Thanks for sharing. 🐻❄️🙏😊😃
CryptocraticMethod
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@EuroMotif!!! Been following your analysis on the crypto chat for a while. Really appreciate your balanced view on the market. You always have great analyses and keep everyone on point. IMO, we’re close to safe haven status, but the next two monthly closes are very important. Holding above 14K and going beyond will likely cause a cascade of events in the corporate world to unfold. Happy trading!
EuroMotif
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@CryptocraticMethod, Hello and thanks for your kind feedback.
Agree that break and hold of 14k will be a strong signal for more institutions to ponder!
Lets see if the "election" is or will be a motivator, it certainly is for stocks....