DXY and S&P 500 (SPX) are preparing BTC for growth?))
The negative correlation between the dollar index and the shares of the largest US companies suggests that it is time for crypto investors to prepare for a rally. As soon as the bullish trend in the dollar ends, growth in the stock and cryptocurrency markets will begin.
βοΈ The weekly chart of the dollar index shows that the asset is in a strong uptrend. The index bottomed in July and has since formed 11 green candles and hit a new yearly high.
But the growth rate is declining. 11 green candles in a row is an extremely rare event, after which, as a rule, a correction occurs. Moreover, it coincides with a potential rebound on the S&P 500 chart.
π¬ The end of the DXY rally and potential SPX rebound will lead to serious consequences for the crypto market. The BTC rate is almost always positively correlated with SPX.
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The negative correlation between the dollar index and the shares of the largest US companies suggests that it is time for crypto investors to prepare for a rally. As soon as the bullish trend in the dollar ends, growth in the stock and cryptocurrency markets will begin.
βοΈ The weekly chart of the dollar index shows that the asset is in a strong uptrend. The index bottomed in July and has since formed 11 green candles and hit a new yearly high.
But the growth rate is declining. 11 green candles in a row is an extremely rare event, after which, as a rule, a correction occurs. Moreover, it coincides with a potential rebound on the S&P 500 chart.
π¬ The end of the DXY rally and potential SPX rebound will lead to serious consequences for the crypto market. The BTC rate is almost always positively correlated with SPX.
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Possible Targets and explanation idea
β‘οΈOver 500 days in -0.27 accumulation zone.
β‘οΈBased on ADZ indicator whales mostly accumulated in red zone
β‘οΈOnly 1 M gap will be like a trigger for algorithm deliver the price to this target
β‘οΈBefore 15% unlocks in December we can see hype around DYDX chain
β‘οΈTestnet will end soon and its will be also trigger for uptrend
β‘οΈ2B market cap with current supply more than real, 17$ main target
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β€1π1
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https://youtu.be/I5MnEYDvCG0
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π2β€1β‘1π₯1
https://youtu.be/3MAIR2kTt5I
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π3
https://youtu.be/PyOxUyGfa1o
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Whales also sell ETH.
Since February, addresses with a balance of 10,000 to 100,000 ETH have been selling or redistributing cryptocurrency. During this time, more than 5 million ETH worth $8.5 billion were withdrawn from whale wallets.
Miners capitulation?
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Jim Cramer blessed the crypto market, saying that he cannot be in Bitcoin while "Mr. Bitcoin" (Curly Sam) is preparing to fall very, very much
According to the βReverse Cramer Indicatorβ, the last time Jim allowed himself to bury BTC was at a price of $17,000 π€«
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According to the βReverse Cramer Indicatorβ, the last time Jim allowed himself to bury BTC was at a price of $17,000 π€«
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- China cannot dump trillions of dollars and euros in assets without destroying the global financial system. This will hit both the West and China equally and hard.
- The goal of large countries is to sell US dollars and euros and receive a hard asset or commodity.
- The economic bubble has inflated so much that even if China buys gold with all of its 59% of reserves, there will not be so much free gold in the whole world. Not to mention the price of gold will skyrocket.
Or people can start invest in some other "GOLD" ? π
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This is more about macro not only crypto. BTC its just a small part of big game - READ
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In a few hours youll see new video only about BTC and Bitcoin Dominance. My idea for October.
When i look on this picture, i understand people dont get a lessons and info in video might be correct.
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When i look on this picture, i understand people dont get a lessons and info in video might be correct.
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π₯1
https://youtu.be/WZYr8gH_fFg
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π1
https://youtu.be/Cd2MfWLitrg
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Loom broke fib. Next is 1.61 (or its a big fake out) but weird all market dump or on sideways and one coin without any reason, fundamental, partnerships just made a new all time high sin 2019.
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π±5
China is considering the possibility of creating a new stabilization fund to support the stock market.
The funniest thing! Everyone around talk about so STRONG China and blame USA with their trillions debt. But China hide more skeletons than anyone in this world. Would be good if China start stimulation economy. And never forget about upcoming Taiwan.
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The funniest thing! Everyone around talk about so STRONG China and blame USA with their trillions debt. But China hide more skeletons than anyone in this world. Would be good if China start stimulation economy. And never forget about upcoming Taiwan.
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β€1π1
Market at the bottom, Loom without any reason pump 1000%, Binance launch futures, Loom reach new All Time High, people want more and more. Turn on logic, dont be exit liquidity for whales. Take some % of profit. They can do whatever they want even push price till infinity (joke) but dont be greedy.
π₯ Watch FULL video nowπ₯
https://youtu.be/W2Z0K4-mse8
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https://youtu.be/W2Z0K4-mse8
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One more time! Spot take some % profit TRB. Futures zones and targets showed before, watch what they can do next with Tellor.
π₯ Watch FULL video nowπ₯
https://youtu.be/ewum9AUyS_s
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https://youtu.be/ewum9AUyS_s
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