Makes sense $TNX stopped falling as they stopped the bond buying program It's been weaker so likely they started buying again #inflation #interestrates Will #fed reintroduce QE and/or also stop raising (short term at least) rates???
7/ $ETH not much on daily #ETH 4hr = symmetrical🔺, tends 2b continuation patterns, not crazy seeing that now 4Hr $BTC looks better, same pattern though Weekly #BTC is concerning, needs to reverse asap This line has held well but the more it's tested, the weaker it gets. If #stocks rally, #crypto should as well #Ethereum #Bitcoin
6/ $VIX clipped today Another big RED (down) candle & lower highs Fits perfectly to what we've been saying for few days & For longer term outlook We see ton of volatility next few days = good few month bottom $NDX is @ DO or DIE!, bounce more likely #stocks #crypto
5/ $VIX is trading in Symmetrical Triangle Tends to be a continuation pattern What's the pattern? The dotted purple line Last year we coined #MOAC (AFAIK) IMO something next year unless something out of the ordinary happens $SPX is close to MAJOR SUPPORT #stocks #crypto $SPY
3/ Those following know we've been saying that the US #Dollar is done, on life support, BUT it's stronger than all the others in the basket, hence $DXY LOOKS strong $ETH LONE survivor of indices #ETH tad weak here but still impressive #Ethereum held well all things considered Not crazy that Weekly $ETH RSI, weak & struggling here BUT EVERYTHING ELSE IS LOWER,...
2/ China stating they're dumping #Dollars, may cause $DXY to stall @ 113ish area we spoke some time ago W+M RSI stopping every advance @ white line @ least short term & @ least 10% downside Major support is LOW 100's Light blue areas are all support levels $BTC #BTC #Bitcoin Of course this those following know we've been saying that the US #Dollar is done, on...
1/ There's a ton of fear atm #CreditSuisse & #Deutsche_Bank all over $TWTR How can anyone be bullish? We warned from last year about the coming #MOAC(Mother of All Crashes) BUT short term there are signs of +, #crypto @ least is holding, needs to lead $BTC #BTC #Bitcoin Will only post partial
Other banks will probably follow the #BankofEngland #Fed Reserve is watching & it fits SHORT TERM bull narrative Updated $VIX - Don't see a major crash in 2022 #stocks #crypto #VIX $SPX $SPY $NDX #NDX $DJI #DowJones #NASDAQ100 $BTC $ETH
$BTC showing life, trades above RED MOVING avg Let's see how it closes today & Would like 2c BULLISH moving avg crossover (red > Green) Weekly #BTC need 2c CLOSE above, @ least, the red moving avg (lot's of data on chart) #Bitcoin does look poised for pump
SHORT TERM $ETH looks VERY GOOD This is why using more than 1 system is necessary, easier to see pattern in 1 vs other #ETH, like, $NDX is poised to benefit from all the short term bounce ideas posted b4 This is a 30min & 4Hr chart Daily #ethereum STILL has much work to do
Something we've spoken on MANY TIMES Eventually, even friends, will get tired of US #Dollar as reserve #currency AGAIN, NOT STRONG Dollar but ALL #currencies weak They need to print that much more for trade! Look @ #BRICS & friends trading in other fiat #GOLD #Silver #BTC #DXY
$ETH still WITHIN parameters of INVERSE HEAD & SHOULDER pattern = END OF BEAR BUT Needs to BREAK above NECKLINE with VOLUME Short term, as stated not long ago, #ETH GAP FILL likely Oversold may also happen #Ethereum still way better than $BTC (only RSI showing signs of life)
Another weak day for $TNX This should be higher BUT why not?! Serious negative divergence too #FED & worldwide #CentralBanks have made commitment to buy debt OR Maybe 75bps won't make it for whatever reason? Hmmm
US Dollar didn't make lower low, but it's down from close 4Hr is showing weakness via Short term down trend RSI trending lower Weak $ is good for #StockMarket $DJI made huge comeback & stronger than $NDX atm This is a decent area to HOLD for #stocks
$TNX is NOT backing down, so far Doesn't make sense for it to stay where it was 3.46 is way low for 75bps, UNLESS... The monthly is worrisome Granted we have couple weeks left but chances of it selling off are minimal We're looking @ a trend break Let's c what #FEDs do
US Dollar weakening on this climb of worry RSI & MACD show signs of steam reduction $TNX is also beginning to show it on a daily chart but that is most likely short lived, if we get another big pullback UNLESS, they are "forced" to stop raising rates Interesting indeed as Fed balance sheet is going lower BUT a lot of debt buying
No signs of bottom Turned bull when we saw that higher low and volume but quickly turned bear We called bottom few months ago but quickly went sour and touted ETH
#BTC looks GREAT! Closed right above Red Mov Avg AND small Channel! The only downer is volume, not bad but not great ANYWAY This is a GREAT BOTTOMING process for #bitcoin Yes, again, it's early but GREAT $BTC SIGNS! BE #PAYTIENT CME:BTC1! CME:BTC1! #Crypto #cryptocurrencies #cryptocurrency