It cought my eye, that not a single trader looked at a correlation with the DJI, S&P500 and USD markets.
while from this graph there is a clear evidence that the same institutions dumping traditional stock, in the wake of US FED hiking up the interest rates, Trump's ramblings on blaming the fed for the demise of the economy, while he just caused it to overheat and collapse. This market action has nothing to do with bulls or bears duking it out. This is plain freeing up liquidity, to move into other markets, like real-estate etc, that is not directly traded. mainly high value sell-offs by big institutions ( whales). BTC as a bucket for rapid cash, and quick move without too much taxes involved is equally leveraged to free up liquidity.
some see a repeat of other october dips, reversals... etc.
BTC is tightly coupled to DJI, S&P500 and USD trading. and as I mentioned before, it roughly follows the same pattern, sometimes a bit more fluctuating, but overall, if you use a smoothing algorythm, it just follows the main idices.
just my 2 satoshi, this is an observation that many people do not look beyond the basket they are holding. the market is big, and keep a broad view, you will be less impacted and keep more afloat.
while from this graph there is a clear evidence that the same institutions dumping traditional stock, in the wake of US FED hiking up the interest rates, Trump's ramblings on blaming the fed for the demise of the economy, while he just caused it to overheat and collapse. This market action has nothing to do with bulls or bears duking it out. This is plain freeing up liquidity, to move into other markets, like real-estate etc, that is not directly traded. mainly high value sell-offs by big institutions ( whales). BTC as a bucket for rapid cash, and quick move without too much taxes involved is equally leveraged to free up liquidity.
some see a repeat of other october dips, reversals... etc.
BTC is tightly coupled to DJI, S&P500 and USD trading. and as I mentioned before, it roughly follows the same pattern, sometimes a bit more fluctuating, but overall, if you use a smoothing algorythm, it just follows the main idices.
just my 2 satoshi, this is an observation that many people do not look beyond the basket they are holding. the market is big, and keep a broad view, you will be less impacted and keep more afloat.