Will crypto decouple before the recession?
There are some fractal charts floating around that I think are trying to overfit what they see. Similar to the ETHUSD chart, but more mature, BTCUSD shows how stocks and crypto are intertwined. This is especially clear post Mt. Gox and the 2015 WS slump. You can even see that the worst days for WS were also crashes for BTCUSD.
We know two things: Bitcoin was born after the 2009 recession as a measure against financial abuse, and that crypto's trend is strongly related to stocks and gold. The question that has been on my mind for the last 2 years is what will happen to crypto when the next financial fallout comes. Will crypto follow its relation with gold and behave as a hedge or will it follow stocks and dump as a high-risk asset? As always, only time and banks will tell.
We know two things: Bitcoin was born after the 2009 recession as a measure against financial abuse, and that crypto's trend is strongly related to stocks and gold. The question that has been on my mind for the last 2 years is what will happen to crypto when the next financial fallout comes. Will crypto follow its relation with gold and behave as a hedge or will it follow stocks and dump as a high-risk asset? As always, only time and banks will tell.
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Spoopy
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SPX has wiped the YTD profit. I spy there's maybe another wave down for Wall Street, and whatever comes after is beyond me.
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After this big retrace WS is setting up an inverted H&S. Maybe after the midterm FUD the post election rally for 36% gains will come. Fortunately for crypto we are still coupled. I backtracked some previous Fed rate hikes and despite the hikes we can still get moon np.
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It turns out I cant delete posts, so I'll just spam a donation address. Send me your ETH here 0xF7Dc813B5c746F777DD29c94b7558ADE7577064e.
