This idea seems to be continuing on pretty well, showing the "slow" decoupling of BTC and the stock market. Currently the trend has been broken and there seems to be a confirmed retest of the upper trend. A good bounce off this should see the ratio move towards the 0.29 level and a break of that resistance level would signal a strong continuation. This (to me)...
By charting the growth rates of both the NASDAQ US TECH 100 and Bitcoin, it clearly shows a recent decline against BTC. This decline may also show the recent correlation Bitcoin has had with the NASDAQ, as the closer it gets to 0, the more correlated they are. It has broken an important trend, which is in favor of the growth rate for BTC. IMO this shows the...
Tech stocks have taken a hit after a major run up and earnings releases.
As we approach the 200D MA it's a key indicator historically of big price movement. What does this mean for us?
We'll likely see a big dip in tech stocks whereby they correct in order to give way to another price run up.
These movements take course over a significant period of time.
Price...
After explosive growth over the last few years, I think the time has finally come for a larger correction.
Here is why I think so:
1. The main bullish channel has been broken with the selloff that occurred early October and hasn't been able to break through the short term resistance for recovery. We could see another smaller ~10% run if the current support...
I'm using this mainly to see how it influences other stock markets.
I've entered a small position size short on this based partly on experience on the 1H time frame. But that's not where the main action is.
This market tends to influence events in the Indian and Japanese stock markets.
