Since the start of the bull market, every single time stocks make a weekly lower high a btc dump follows. Sometimes they occur at the same time, but several times the stock market is our advanced warning that a larger dump is coming to crypto.
Inversely, a higher low on the stock market weekly indicates a bullish continuation for btc. The only time these 2 charts diverge is during the bear market or heavy correction period, where money seemed to flow from BTC into stocks.
With this in mind, the stock market has printed 2 lower highs for the first time in a 1-month period since the last large correction in April/May, I believe that signals a further, deeper correction for BTC and have started to sell my alt coins in preparation.
I anticipate stocks will skyrocket as crypto continues to drop significantly. First target, 42k.
Inversely, a higher low on the stock market weekly indicates a bullish continuation for btc. The only time these 2 charts diverge is during the bear market or heavy correction period, where money seemed to flow from BTC into stocks.
With this in mind, the stock market has printed 2 lower highs for the first time in a 1-month period since the last large correction in April/May, I believe that signals a further, deeper correction for BTC and have started to sell my alt coins in preparation.
I anticipate stocks will skyrocket as crypto continues to drop significantly. First target, 42k.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.