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the_sunship
Sep 27, 2022 4:43 PM

SPX and BTC - BFFs Long

Bitcoin / United States DollarCoinbase

Description

Getting close to a turn today or tomorrow. BTC may signal the buy zone if it retests it's fib trendline. Weekly BB and 200 ma are both around 3590 area - so that may be a stopping point for this meltdown.

Good luck!

Comment

misspoke at 255 I meant 3990

Comment

SPX cash now also close to trendline from 2009 lows
Comments
peterbhc
this image made my laugh, so sad looking. great post
pjc57128
Do you think there is another oil cycle to come ? Or just lower highs lower lows going forward . Great video £/$
the_sunship
@pjc57128 it's a good question and I'm not sure. certainly now is a time to buy for a rally but I don't know how far it will go. all commodities have dropped because of the dollar and I don't think the dollar is close to it's peak - around 140 on dxy likely next year.
pjc57128
@the_sunship, appreciate your reply , will be watching thanks .
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